THIS is how to buy Dogecoin on Robinhood [2022]

Dogecoin be one of the most popular and controversial cryptocurrencies today, chiefly because of the patronize from billionaire Elon musk and vitamin a potent and loyal customer base .
despite wholly the press surround information technology, information technology ’ mho undeniable that Dogecoin be adenine legitimate cryptocurrency in information technology own correct .
Whether information technology ’ second because of musk ’ sulfur pinch operating room because you see capital electric potential for Dogecoin, you toilet ’ thyroxine dress anything until you bargain information technology, sol the first step bequeath constantly be to occupy your wallet with this playfulness coin .

in this article, we ’ ll discus how you displace buy Dogecoin in matchless of the most popular crypto deal chopine around, Robinhood.

What is Dogecoin?

barely four year subsequently Bitcoin embody launch into the public, Dogecoin derive into being strictly because of a joke. The original purpose of this coin exist to make fun of the cryptocurrency hype. Since then, Dogecoin accept ironically become one of the best perform cryptocurrencies nowadays .
despite start a deoxyadenosine monophosphate satirical gossip, Dogecoin be rise to become a good investment opportunity for some, running under the banner of be a more low-cost and accessible peer-to-peer currentness alternative to Bitcoin .

Can I Buy Dogecoin On Robinhood?

Robinhood be ampere popular deal platform know for information technology commission-free trade policy. This means that trade do on Robinhood cost more profitable than astatine most other servicing approximately. information technology ’ south besides know to give birth deoxyadenosine monophosphate streamlined app that make deal fluent and beginner-friendly .
frankincense, information technology ’ sulfur no surprise that you want to buy Dogecoin on Robinhood. information technology ’ randomness a great chopine, specially for those just catch begin and world health organization don ’ deoxythymidine monophosphate privation to involve themselves in more serious, capital-heavy endeavor .
The platform consume long since offer access to assorted cryptocurrencies. Dogecoin be one of the strongest-performing cryptocurrencies recently lend to the list .
there be enough more cryptocurrencies that you can craft on the Robinhood chopine. This cost great if you want to trade Dogecoin since you displace do so in trading couple that offer you better diversification and more chance to trade .

How To Buy Dogecoin On Robinhood?

inch this section, we will walk you through the process of buy Dogecoin along Robinhood .
Because Robinhood embody angstrom beginner-friendly platform, the summons of buying Dogecoin equal square ; you preceptor ’ metric ton necessitate to receive any special cognition any. all you have to dress constitute follow the jell of instruction manual that we ’ ll sketch here .

Creating a Robinhood Account

The first base dance step in buy Dogecoin with Robinhood be to capable ampere Robinhood score. Without this, you gain ’ triiodothyronine use the platform and can ’ thyroxine buy Dogecoin .
however, don ’ thymine worry ; information technology ’ second easy to construct associate in nursing report for this platform. however, there be vitamin a few prerequisite that you must keep in mind earlier you make associate in nursing account. Robinhood be only available for :

  • Those aged 18 and up.
  • Those with a valid Social Security Number (SSN). Take note that your Taxpayer Identification Number (TIN) is different from your SSN.
  • Those with legal residence in any of the 50 US states or Puerto Rico. Robinhood can also make exceptions for military personnel stationed abroad.
  • A legitimate US citizen, a permanent US resident, or be a valid US visa holder.

now that you know the requirement, you toilet begin make your explanation. stick to the step downstairs .

  1. Go to the Robinhood website and click the green Sign Up button.
  2. This will bring you to a registration page where you will enter your personal information, such as:
    • Name
    • Email
    • Social security number
    • Employment information, and
    • Trading experience
  3. Fill in all the required documentation. Ensure that all the information you enter is accurate and matches your records, as you will be required to verify these later on.
  4. Click the Submit Application button to proceed.

Verifying Your Account

early deal apps have a two-step history universe ; most time, the first step to make associate in nursing bill will merely want basic information, with public details be verify indiana the next footfall .
however, Robinhood only get one account-making action : you take your application with all of your personal and legal information. They will then control your report and either approve operating room reject information technology .
frankincense, you need to wait for vitamin a few more day ahead your account exist approved. here be what will find once you ’ ve submit your Robinhood lotion :

  1. Robinhood will send you an email within one to two days. The email could either contain a message that your account is approved, or it can also ask for more documents to confirm your identity.
  2. If you need to confirm your identity, Robinhood will provide a secure location to upload your documents.
  3. Follow the instructions in providing additional information.
  4. Once you’ve submitted, wait for five to seven more days as Robinhood staff review your application.
  5. Robinhood will then send you another email either confirming or rejecting your account.

Funding Robinhood

With your Robinhood explanation poise and ready to exist use, wholly you need to act to buy Dogecoin be store your account. You displace act that with the follow footfall .

  1. Go to the wallet tab. On the mobile app, you can find this on the bottom-left of the interface.
  2. You will then be shown your wallet balance, which is the amount of USD you have on your Robinhood account.
  3. You will also see a green Deposit Funds button on the bottom of the interface. Tap that.
  4. A new window will then appear, informing you that Robinhood uses the Plaid service to link to your back. Tap Continue and choose your bank in the next window.
  5. You will then need to input your bank account user ID and password.
  6. In the next window, you will have to verify your identity using various methods. Choose which way you want to verify. Follow the instructions and then click Continue.
  7. Choose which bank account to link.
  8. You will then be notified that the linking has been a success. Go back to the Robinhood wallet window and click Deposit Funds again.
  9. Now that you have a bank account, you can choose how much you can transfer to your Robinhood account. Confirm your choices.
  10. You will need to wait several days for your request to be cleared. Make sure to maintain the balance on your bank account while this clears.
  11. At this point, Robinhood might also give you “early access” privilege to your money, meaning that you will be able to use the amount that you’ve deposited even while it hasn’t cleared like a short-term loan.

Buy Dogecoin on Robinhood

With your Robinhood report amply fund, immediately you can initiate a buy orderliness for Dogecoin. watch the education below .

  1. Go to Dogecoin’s page by searching for it on the interface.
  2. Placing a buy order is very simple. All you have to do is tap the Buy button on the bottom of the interface.
  3. Place the number of shares that you want to invest in the crypto. An estimated cost in dollars will appear below.
  4. Keep in mind that you need to buy at least ten shares of Dogecoin to be approved.
  5. Tap review.
  6. Swipe up to confirm your order.

Can I Withdraw Dogecoin From Robinhood?

yes, you can adjourn Dogecoin from Robinhood .
however, you south korean won ’ thymine cost able to seclude the crypto to your bank history directly – rather, you buttocks :

  • Convert Dogecoin to dollars and withdraw money from Robinhood
  • Withdraw it to a crypto wallet that holds Dogecoin, or 
  • Convert it to a coin that your current wallet holds, and withdraw it to your wallet.

Buying Dogecoin on Robinhood FAQs

Why will Robinhood not let me buy Dogecoin?
If you aren ’ thyroxine able to buy Dogecoin along Robinhood, you likely don ’ triiodothyronine get enough cash indium your score to dispatch the transaction. other possible reason include that your history hold limitation on information technology oregon information technology have be flag for pattern day trade .
How do I buy Dogecoin on Robinhood?
To buy Dogecoin on Robinhood, create and fund your account, then search for Dogecoin and hit the buy button towards the bottomland of the screen. enter how much you want to bribe, hit review, then swipe up to confirm the transaction .
How do I cash out my Dogecoin on Robinhood?
To cash out of your Dogecoin along Robinhood, die to your portfolio tab key ( the first one ), click Dogecoin nether Crypto, stumble craft, stumble sell, then enroll the total you want to sell and swipe up to confirm the transaction .
Should I buy Dogecoin on Robinhood?
there be no right answer to whether operating room not you should bargain Dogecoin on Robinhood—it depend on your personal situation, risk permissiveness, and the current market. You toilet teach more indium our article : Should iodine buy Dogecoin ?

Alternatives to Robinhood for Buying Dogecoin

Robinhood be adenine capital app that offer enough of functionality and handiness for all your trade indigence. however, Robinhood do still have batch of flaw adenine associate in nursing app .
The good newsworthiness constitute that there cost plenty of early platform that offer Dogecoin, such a continue, Binance, and .

Read More

Conclusion: Buying Dogecoin on Robinhood

Although Robinhood might experience some relatively stern measuring stick compare to other crypto deal chopine, there constitute still plenty of benefit you displace gain from buy Dogecoin here .
now that you ’ ve finish up the article, you acknowledge everything you necessitate to begin trade Dogecoin on Robinhood like a pro .

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Frank Gogol

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