Many stock investors and traders using Etrade wonder if they can branch out into cryptocurrencies through the service. Namely, many want to get in on the ongoing Dogecoin (DOGE) craze. So, is Dogecoin on Etrade? Here’s an explainer on whether or not it’s possible to buy DOGE via the Etrade website and/or mobile app.
Is Dogecoin on Etrade? (2021)
Etrade is yet to adopt crypto on the platform, including Dogecoin (DOGE). As a result, users are unable to buy Dogecoin using the Etrade website or Android and iPhone (iOS) mobile applications.
Etrade is a brokerage firm for buying, selling, and trading securities. It isn’t a crypto exchange for buying, selling, and trading digital currencies. The two are different, though there is one notable exception. Users are able to purchase Bitcoin (BTC) and Ethereum (ETH) futures via Etrade, though this is the full extent of its cryptocurrency support.
The Etrade service is primarily for investing in stocks, options, mutual funds, futures, and bonds. As a result, anyone looking to diversify and enter the crypto marketplace should probably seek out an alternative platform. A dedicated cryptocurrency exchange like Binance allows users to buy Dogecoin using a credit/debit card, as well as trading alternative cryptocurrencies in exchange. Of course, it offers tons more crypto options as well — these even include additional meme currencies, like Shiba Inu Coin (SHIB).
Now could be a good time to get into crypto, as major corporations like Walmart and Amazon are beginning to implement customer payment plans. Being able to easily exchange cryptocurrencies for goods and services should give it a lot more mainstream appeal. Potentially, this could result in a large upturn for the market as a whole.
In other crypto news, Solana (SOL) is taking off thanks to the increasing adoption of its parent blockchain. Crypto signal services claim to alert investors to these kinds of spikes before they happen. Are they actually worth the often expensive subscription fees, though? Here’s the lowdown.
