Dogecoin (DOGE) is a high ten cryptocurrency in Canada. Created in 2013 as a light-hearted various to bitcoin and different cryptocurrencies, Dogecoin skyrocketed up the crypto rankings after Tesla CEO Elon Musk tweeted that DOGE is his favorite coin.

With its limitless provide, Dogecoin could possibly be helpful as a forex, and it’s nonetheless a favorite amongst meme-lovers. Dogecoin’s worth one 12 months in the past was $0.53 and in the present day it stands at $0.11. Elon Musk has energy over Dogecoin, with a mere point out of it, the worth typically rises. Because of this, Dogecoin is a well-liked funding for Canadians. Being a crypto investor by myself, I invested over $10000 in DOGE in 2019 and it paid off.

There are a lot of Canadian crypto exchanges the place you should purchase Dogecoin simply and cheaply and on this article we’ve listed a few of the hottest locations to purchase DOGE.

Disclaimer: All write-ups and articles don’t represent monetary and authorized recommendation in any manner in any respect however for info functions solely. When making monetary and authorized selections and commitments, we strongly suggest you seek the advice of your skilled monetary and authorized companies supplier.

The best way to Purchase Dogecoin in Canada

To purchase Dogecoin in Canada you could first signal as much as a crypto alternate that provides it, e.g. Coinsmart. All you could do is create an account and cross the verification course of by importing your identification paperwork and a selfie. After that, it is possible for you to to purchase DOGE.

The place to Purchase Dogecoin in Canada

Trending: How to Buy Dogecoin in Canada – Beginners Guide

Beneath now we have listed a few of the finest crypto exchanges in Canada to purchase Dogecoin based mostly on ease of use, status and price.

Coinsmart

Coinsmart is a Canadian crypto alternate that provides a straightforward manner for Canadians to purchase Dogecoin. It’s easy to make use of and gives a few of the hottest cryptocurrencies in the marketplace. With Coinsmart you will get verified the identical day you join, plus you may commerce crypto to crypto, which means you may commerce DOGE in opposition to every other crypto they’ve accessible. Coinsmart gives Interac e-Switch deposits with solely a 1% charge for deposits lower than $2000. Buying and selling incurs a 0.2% charge, which is far decrease than another exchanges, and withdrawals have a 1% charge. Coinsmart is a well-liked crypto alternate for newbies as a result of it’s easy to make use of for getting DOGE.

You’ll be able to join right here and declare free $20 in bitcoin.

Bitbuy

Bitbuy is likely one of the most respected crypto exchanges in Canada. It gives very low charges at simply 0.1%/0.2% buying and selling charges. Plus, you may simply deposit Canadian {dollars} utilizing Interac e-Switch that has a 1.5% charge. Bitbuy is appropriate for newbies and extra superior merchants with its Categorical and Professional platforms. The Professional platform gives superior buying and selling choices, charting and order guide knowledge. With its easy interface, low charges, and excessive status, Bitbuy is likely one of the finest locations you should purchase DOGE in Canada.

You’ll be able to join right here and declare free $20.

Newton

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Newton is a Canadian crypto alternate that has a beginner-friendly interface making it simple to purchase DOGE. Newton doesn’t cost charges, so deposits and withdrawals are free, nevertheless it does have a barely larger unfold than another crypto exchanges. With that mentioned, Newton remains to be a superb place to purchase Dogecoin in Canada resulting from its ease of use. You’ll be able to deposit funds utilizing Interac e-Switch, and deposits are quick so you should purchase DOGE shortly. Newton is quick changing into one in every of Canada’s high crypto exchanges for newbies.

You’ll be able to join right here and declare free $25.

Wealthsimple Crypto

Wealthsimple Crypto is the proper place to purchase Dogecoin in Canada should you additionally put money into the inventory market and like to maintain your investments in a single place. It’s simple to purchase Dogecoin utilizing Wealthsimple and you could be eligible for immediate deposits, the place you may fund your account instantly with out having to attend for funds to clear. Wealthsimple does cost the next charge than most exchanges (about 1.5% to 2% unfold) since it’s a dealer, however deposits and withdrawals are free. Nonetheless, Wealthsimple has a status as being among the finest locations to commerce shares and crypto, plus it’s insured so your funds might be protected right here.

You’ll be able to join right here and declare free $50.

NDAX

NDAX is an easy-to-use Canadian crypto alternate. If you want to purchase DOGE on NDAX, merely deposit Canadian {dollars} through Interac e-Switch free of charge. NDAX is a good and safe alternate so you should purchase DOGE with peace of thoughts. NDAX has good customer support evaluations and it’s beginner-friendly. Not solely that, however charges are comparatively low-cost with its fastened 0.2% purchase and promote charge. Fiat withdrawals price $25. NDAX is changing into a favorite alternate amongst Canadians resulting from its low charges, glorious customer support and simple to make use of platform.

You’ll be able to join right here and declare free $50.

Crypto.com

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Crypto.com is a well-liked world alternate with prospects everywhere in the world. Crypto.com gives staking, Visa playing cards, and a variety of cryptocurrencies together with Dogecoin. You’ll be able to fund your fiat pockets with Canadian {dollars} through the use of Interac e-Switch, which makes it simple to purchase Dogecoin for Canadians. Crypto.com has barely larger charges than different crypto exchanges, however it’s quick changing into one of many extra in style exchanges on the earth and is extremely respected. In the event you’d choose decrease charges and don’t thoughts a extra superior buying and selling software, then we suggest utilizing Crypto.com’s alternate relatively than the app.

The best way to Maintain Dogecoin Protected and Safe in Canada?

After you purchase Dogecoin, it’s necessary to maintain it protected and safe, so nobody can steal it. Maintain your Dogecoin token protected by creating a non-public pockets. There are a lot of to select from and you’ll create a pockets in your telephone, pc, or purchase a {hardware} pockets as a substitute. Crypto exchanges are weak to hacks, which suggests there’s a likelihood your Dogecoin could possibly be stolen. Whereas most respected crypto exchanges can have insurance coverage, it isn’t assured that you’ll obtain your funds again. It’s at all times most secure to maneuver your funds to a non-public pockets, as long as you retain your personal seed protected. We have now reviewed a number of of one of the best crypto wallets in Canada so that you can select from in our earlier article.

The best way to Promote Dogecoin in Canada?

It’s a straightforward course of to promote Dogecoin in Canada. When you’ve got signed as much as a crypto alternate, it’s best to make use of the identical one to promote Dogecoin so that you solely must undergo the verification course of as soon as. Switch your DOGE out of your personal pockets to the crypto alternate. Then, click on “promote”. You should have the choice to swap DOGE for one more crypto or you may promote it for Canadian {dollars}. In the event you select Canadian {dollars}, you may then “withdraw” to your linked checking account. Every alternate can have an analogous course of, however the structure could also be completely different.

Dogecoin Canada FAQs

Can you purchase DOGE in Canada?

Sure, you should purchase DOGE in Canada. Dogecoin has grow to be a well-liked funding for Canadians resulting from its reputation on the web as a “meme coin”.

What’s the easiest way and place to purchase DOGE in Canada?

We advise you purchase DOGE utilizing one of many cryptocurrency exchanges on this article, since they’re protected and respected. We suggest Bitbuy, Coinsmart, Wealthsimple Crypto, NDAX, Newton, or crypto.com.

The best way to commerce DOGE in Canada?

You’ll be able to commerce DOGE in Canada utilizing the crypto alternate you might be signed up for. Every alternate can have completely different cryptocurrencies and buying and selling pairs accessible, however you merely click on “commerce”, “swap” or “promote”, and you will notice which cryptocurrencies you may swap DOGE for on that alternate.

Is DOGE a superb funding for Canadians?

Dogecoin is an efficient funding for Canadians should you imagine that it’ll have one other pump someday sooner or later. There’s a likelihood that it’ll, since Dogecoin is nearly 10 years previous and is a top-ten cryptocurrency. It has due to this fact confirmed that it may survive bear markets, and with its reputation because the king of meme cash, there’s little doubt that Dogecoin will nonetheless be round within the subsequent bull cycle. Sadly, Dogecoin doesn’t have a lot utility. It merely exists as a meme, however there may be not a lot use for it.