The 5 best cryptocurrency apps for trading dogecoin

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Why it stands out: Kraken offers exceptionally low trading fees with more than 90 cryptocurrencies for traders in the US and across the globe. Besides dogecoin access, its account perks feature futures trading (futures are contracts that give you the right to buy or sell an asset at a certain price on an upcoming date), margin trading, staking rewards (staking gives you interest rewards for holding crypto assets for a set period of time), over-the-counter (OTC) trading, and crypto services for institutional clients.

If you're new to the crypto game, don't worry. Kraken offers several educational resources for those looking to expand their investing knowledge. These include How to Buy Dogecoin, How to Buy Bitcoin, How to Buy Ethereum, and How to Buy Litecoin.

Kraken also offers multiple mobile apps for iOS and Android users. These include Kraken, Kraken Pro, and Kraken Futures. US traders should note, however, that the futures platform isn't currently available in the US.

What to look out: Kraken doesn't currently serve traders in New York or Washington State (see a complete list of its geographic restrictions here). If you live in either of those areas, you'll need to consider other exchanges.

Why it stands out: Formed as a US extension of Binance in 2019, Binance.US offers dogecoin, bitcoin, and more than 50 other cryptocurrencies. Unlike Kraken, it doesn't provide margin and futures accounts. But like Kraken, Binance.US offers staking rewards, OTC trading, and trading options for institutional clients.

In addition, if you're big on crypto-to-crypto exchanges, there's no shortage of crypto trading pairs at Binance.US (trading pairs consist of two assets that can be exchanged for one another). For instance, the exchange's two Dogecoin trading pairs are DOGE/USD and DOGE/USDT.

And Binance.US has low fees compared to other exchanges. You'll only need $10 to get started, and you'll either pay 0.1% or 0.5%, depending on how fast you want your trades executed.

What to look out for: Binance.US has several geographic restrictions. You won't be able to use the app if you're a resident of Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont.

Why it stands out: Though eToro USA has a more limited selection of investments — it currently offers dogecoin and more than 25 other cryptocurrencies — the exchange makes up for it with its easy-to-use interface, community-like crypto features, and educational resources.

One of eToro USA's most popular features is its CopyTrader system. This feature is best for beginner traders, as it allows you to tie your portfolio strategies to that of more advanced crypto traders. In other words, you can use the feature to have your portfolio mimic the portfolios of top-performing traders. See more here.

But eToro USA makes up for its more limited crypto selection by additionally offering stock and ETF trading. Plus, the platform charges $0 commissions for trading, and you can purchase fractional shares (get started here).

When it comes to educational offerings, eToro provides both written investing guides and an eToro Trading Academy that includes video tutorials on crypto trading.

What to look out for:  eToro USA doesn't offer margin accounts, so it isn't the best option for traders who seek additional buying power. In addition, you won't be able to use the exchange if you live in New York, Minnesota, Nevada, Northern Marianas, Puerto Rico, Tennessee, Hawaii, Guam, American Samoa, US Armed Forces (Americas), and US Armed Forces (Europe and US Virgin Islands).

Other apps we considered

  • Abra: Abra is a global crypto exchange offering 100+ cryptocurrencies, wallet services, staking (with interest rewards up to 13.5%) crypto-backed loans, and much more. The company also serves investors in more than 150 countries, and it has an expansive suite of institutional services. It doesn't charge investors fees for currency exchanges (although it earns income from the spread between different assets), but has high fees for Visa and Mastercard transactions.
  • Bittrex: Bittrex excels when it comes to ease of use and account security. Its Instant Buy and Sell feature gives you the option to quickly trade dogecoin and other popular assets with the click of a button. In addition, Bittrex uses two-factor authentication, plus a multi-stage wallet strategy that ensures your crypto assets are securely stored through offline hardware. One downside is that it has limited customer support and educational resources.
  • Webull: Webull is an online brokerage offering cryptocurrencies, stocks, ETFs, options, and more. You'll only need a minimum of $1 to start trading, and the brokerage offers the following crypto assets: Bitcoin, dogecoin, bitcoin cash, ethereum, litecoin, ZEC, and XLM. It also offers 24/7 trading, but you won't have as many crypto choices as other popular exchanges.
  • Robinhood: Commonly known as a pioneer of commission-free trading, Robinhood offers stocks, ETFs, options, American depositary receipts (ADRs), and cryptocurrencies. But like Webull, the brokerage has a more limited offering of crypto assets. Its cryptocurrency list includes dogecoin, bitcoin, bitcoin cash, bitcoin sv, ethereum, ethereum classic, and more.
  • Crypto.com: Crypto.com offers several impressive features, including more than 100 cryptocurrencies, crypto storage options, and interest rewards (you can currently get up to 14% on your crypto assets). But many of its coins aren't available to US traders.
  • Changelly: Founded in 2015, Changelly is a Malta-based cryptocurrency exchange offering more than 170 crypto assets. Though the platform's trading algorithm integrates with crypto apps like Poloniex and Bittrex, it isn't currently available to US customers.

How we determined the winners

We compared a dozen crypto trading apps to find the best options for dogecoin access, user navigability, low fees, account custody, and mobile access.

We also researched whether the crypto exchanges offer features like staking or interest rewards, margin accounts, and educational resources.

Frequently asked questions

Why trust us?

At Personal Finance Insider, we strive to help smart people make the best decisions with their money. However, we know that the word best is usually subjective, so we highlight both the pros and cons of dogecoin crypto apps

We spent hours comparing and contrasting the features and fine print of various dogecoin trading apps so you don't have to.

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