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How to Buy Dogecoin in Argentina in 5 Simple Steps

Dogecoin Argentina
Author: Ali Raza

Dogecoin (DOGE) was founded in 2013 as a joke alternative to Bitcoin. At the time, it wasn’t taken very seriously as a cryptocurrency. But over the years, Dogecoin has become one of the most popular digital currencies, drawing attention and praise from the community and influencers like Elon Musk.

In this guide, we’ll break down how to purchase Dogecoin in Argentina. We’ll also provide you with further context about the coin and its prospects for the future.

Quick Guide to Buy Dogecoin in Argentina Today

1

Sign up

Select a reputable exchange or broker and register an account. You can check our list of recommended platforms. Sign up on the platform by entering your email address/phone number and setting a strong password. Then proceed to verify your account by uploading a photo of your ID/passport. This is in line with AML and KYC regulations to monitor fraudulent behavior.

2

Fund your account

The next step is funding your account using any of the supported modes. Most reputable brokers and exchanges will offer various modes to fund your account, including using third-party payment processors, bank transfer, and local payment modes such as PagoFacil and RapiPago. Once the funds hit your account, it’s time to make the purchase.

3

Buy Dogecoin

Now that you have added funds to your account, it’s time to buy Dogecoin. There are plenty of platforms that will let you achieve this goal and the process is straightforward. Enter the amount of DOGE you would like to buy and complete the transaction.

What is the Best Payment Method for Buying Dogecoin in Argentina

Part of your decision on which platform to go with will depend on the payment methods supported by the site. Most platforms will offer plenty of payment options you can use to buy/trade Dogecoin. Some popular options you are likely to encounter in Argentina include:

  • Buy Dogecoin with Cash – This is a risky option since here you arrange to meet up with a seller who you have to pay with cash, and they can transfer the coins to you. Some peer-to-peer platforms provide escrow services where the funds are released once the tokens are transferred. Dealing with cash is always risky so proceed with caution. Also, you can use Bitcoin ATMs.

  • Buy Dogecoin with Bank Transfer – Some platforms will allow you to buy via bank transfers. This mode can be the cheapest but bank transfers are associated with delays. 

  • Buy Dogecoin with PayPal – Third-party payment options are another popular mode you can use to fund your account and make a purchase.

  • Buy Dogecoin with Bitcoin – This has to be the easiest mode since it involves direct swapping on some platforms. The only issue is you need some BTC at the start.

Why Buy Dogecoin?

Launched in December 2013, Dogecoin was forked from Litecoin as a fun, light-hearted cryptocurrency that would appeal beyond the core Bitcoin audience. It is based on the famous “Doge” internet meme that features Shiba Inu on its logo. In reality, the coin holds no utility and that is why it’s known as a joke currency. You might wonder why It’s so popular within the cryptocurrency space, currently ranking among the top ten coins within the market.

Part of its popularity has something to do with our love for memes that flood our social media spaces and cheer us up daily. There are plenty of “jokes” associated with DOGE as a joke currency, and this trend has even caught on with celebrities. Endorsement from various celebrities has played the biggest role in promoting this digital currency among the masses. This project’s biggest “shiller” has been Elon Musk, one of the world’s richest men. Since he is one of the most respected individuals globally, many have seen his endorsement as a green light to participate in the project.

Musk loves the project so much that he changed his Twitter profile to Dogecoin CEO at one time. On another occasion, he listed reasons why DOGE was better than Bitcoin, including being faster and less costly to use. For this reason, he sees the coin as a viable option for the Mars economy.

Despite the lack of utility, Dogecoin’s popularity is based on the number of individuals that want to get involved with the project. The more the people behind DOGE, the bigger its value grows. Other than Elon Musk, other celebrities involved with this project include Mark Cuban, who bought a few DOGE coins for his 11-year-old son for educational purposes. Cuban is one of the top proponents for cryptocurrencies, having invested in Polygon recently. As a tech mogul, his endorsement carries a lot of weight. Snoop Dogg is another celebrity involved with DOGE; he has revealed on many occasions that he is a fan of the meme coin and has even shared tweets of himself with the face replaced with Shiba Inu. Other celebrities include Jake Paul, YouTube star turned boxer and many others. 

Is it Legal to Buy Dogecoin in Argentina?

Buying Dogecoin in Argentina is completely legal. The authorities overseeing the monetary system in the nation have never declared cryptocurrencies as legal tender, but they are not hostile towards digital currencies. Argentina was one of the early adopters of digital currencies in Latin America. Today you can find many exchanges and brokers that offer access to various digital assets, including Dogecoin. Due to the decentralised nature of cryptocurrencies, with no particular body overseeing them, it’s easy to get scammed if you are not careful. This is why you need to employ the services of only reputable platforms when it comes to buying your coins. Also, remember to invest in a secure hardware wallet to store your tokens from bad actors.

Buy Dogecoin in Argentina Today!

Where Can I Use Dogecoin in Argentina?

No businesses have officially declared to be accepting payments in Dogecoin. However, this doesn’t mean you can’t use the digital currency to make purchases and pay for services. However, this will only happen by agreeing with the other party that you intend to use Dogecoin, and they have to agree. As you have seen in this guide, Argentina is lenient with cryptocurrencies, with some cafes based there accepting Bitcoin payments as early as 2015. Most pro-crypto individuals in the nation see digital currencies as a hedge against inflation and have no problem accepting crypto payments. Another easy way to use your Dogecoin is to convert it to fiat and use it as you like. This can be done using the 12 crypto ATMs available in the country. There are 11 machines in Buenos Aires and 1 in Rosario. 

Our Recommended Best Way to Buy Dogecoin in Argentina

The sections above have covered everything you need to know about buying Dogecoin if you reside in Argentina. From the process to the payment modes and reasons why buying/investing in Dogecoin is viable. Below is our recommendation on the best platform you can use to make your purchase with ease and without much risk.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Frequently Asked Questions

  1. It's possible to buy Dogecoin using ARS on a Bitcoin ATM machine. Also, most local platforms will allow direct funding and buying of DOGE using local fiat currency. But platforms that are not native to Argentina might only take international currencies such as USD and EUROs. In such a case, some platforms will allow users to deposit funds using local currency and change it for a small foreign exchange fee to facilitate the transaction in global currencies. Even though the exchange rate might differ across platforms, users will be charged the same in local currencies as they would in USD or Euro.

  2. While you will be allowed to trade the asset on both platforms, brokers will not deliver DOGE to your wallet. They allow you to trade financial instruments attached to the asset at a mutually agreed price. On the other hand, an exchange will allow you to trade the asset at the market price, and it will deliver DOGE to your wallet.

  3. To bring some control to the decentralised markets, regulators introduced AML and KYC procedures platforms have to abide by to prevent fraudulent behavior.

  4. There are 12 Bitcoin ATMs based in two of the largest cities in Argentina, Buenos Aires and Rosario that offer access to around ten crypto coins, including Dogecoin.

  5. The first step is to use the free resources offered by various brokers to educate yourself on how to trade. Learn how to conduct technical and fundamental analysis. Use the demo account to test out strategies.

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