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The best way to sell Dogecoin is via a cryptocurrency exchange. If your Dogecoin is already on an exchange, then skip to step 4. Otherwise, your DOGE will need to be deposited on the exchange to sell on the market.
There are many factors to consider when selling DOGE. Before registering on an exchange, be sure to check that DOGE is listed on the platform and that your desired fiat currency is supported for withdrawing to a bank account. Compare exchanges to find the lowest deposit fees, withdrawal fees and trading fees to maximise the fiat received.
Choosing where to sell Dogecoin depends on a few factors. Crypto exchanges offer different fees for depositing assets, but it should be free to deposit DOGE apart from the network fee. You should take into account trading fees for selling DOGE when choosing where to sell as well. Reasonable trading fees should range from 0-0.5% per trade. The final factor to consider when selling Dogecoin is the withdrawal fee for cashing out to a bank account. Some exchanges charge a flat rate while others charge a percentage. Look for an exchange that either has no withdrawal fees, charges a low flat rate or pays for a portion of the fees.
Once you've chosen a crypto exchange to sell your Dogecoin, you will need to create an account. Look for the sign-up or register button on the homepage then do the following:
You'll then have to go through the KYC process to verify your identity. Finder has outlined the basic steps, but click here for Finder's guide to KYC.
The next step is to deposit DOGE on an exchange in order to sell it. To do this, follow these steps:
Now that your Dogecoin is in the exchange account, you can sell it. There are a couple of different ways to sell DOGE through an exchange: a market order or a limit order. It is important to remember that you can sell Dogecoin for fiat or for other crypto coins and tokens.
In order to access the market and limit orders on a crypto exchange, you will need to navigate to either "spot trading", "trade" or "markets". Though there may be more trading options than market and limit orders, they are the most common types. When selling Dogecoin through spot trading, you can sell it for fiat-pegged stablecoins or other digital assets.
If using a market order, simply choose how much DOGE to sell and then confirm the order. If using a limit order, choose how much DOGE to sell and for what price. Then wait for the order to be filled. You can cancel your order at any time if it's unfilled.
When trying to sell Dogecoin through a platform that permits fiat currency withdrawals, check to see what withdrawal methods are supported. Options may include the following:
When choosing an exchange and withdrawal method, make sure to consider the following:
The best way to sell Dogecoin is subjective and varies based on an investor's circumstances. What works well for one person might not be a good fit for the next. Instead, it's about working out which option is the right choice for the individual. You can do this by asking yourself a few important questions:
These questions should help you decide how you want to sell your Dogecoin, and you can then figure out which platform has all the features you need. When comparing different cryptocurrency exchanges, make sure you consider the following:
Dogecoin has been popular enough to be accepted by some retailers. Below are some notable companies that accept DOGE as payment.
There are many more retailers that accept DOGE as payment, but the ones noted above are the most reputable.
It is difficult to time when to sell Dogecoin, but check out Finder's Dogecoin analysis page to see experts' opinions on the current price of DOGE.
You can sell Dogecoin for cash using a cryptocurrency exchange or broker.
The best way to sell Dogecoin is through a cryptocurrency exchange. Check out Finder's list here.
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