Wondering how to buy Dogecoin in Canada?
There are two ways you can buy DOGE in Canada. The first is to use a cryptocurrency exchange and the second is to buy DOGE directly from another individual. If you want to use an exchange, you’ll first have to transfer money from your Canadian bank account to the exchange.
This can be a complicated and time-consuming process and it can come with hefty fees, which is why we recommend buying Dogecoin from another individual.
There are no limits on how much you can buy and sell these coins, so you can keep converting your profits.
In Canada, Dogecoin (DOGE) is legal to buy and sell if you’re over 18 years old. You’ll be able to trade DOGE with other Canadian users online or in person at a currency exchange.
I’ll explain what Dogecoin is and why it’s worth buying. Then I’ll show you how to buy Dogecoin on platforms such as:
- NDAX
- Kraken
- Coinberry
- Coinbase
- LocalCoinSwap.
- How to buy Dogecoin in Canada with CAD on NDAX
- How to buy Dogecoin in Canada with CAD on Kraken
- How to buy Dogecoin in Canada with CAD on Coinberry
- How to buy Dogecoin in Canada on Coinbase
- How to buy Dogecoin in Canada with cash on LocalCoinSwap
- Where to store your DOGE – DGB wallet
- DOGE Mining in Canada
- What can you do with DOGECoin?
- Here are a few resources related to How To Buy Dogecoin In Canada that I think you should read:
What is Dogecoin?
If you aren’t already familiar with Dogecoin, you might have a hard time understanding why anyone would choose to invest in this goofy cryptocurrency over something like bitcoin. Because of this, you may be asking yourself ,
What is Dogecoin anyway?
In short, DOGE is a peer-to-peer, decentralized cryptocurrency that is used as an alternative to Bitcoin. It’s lighter, faster, has lower fees, and is built using Scrypt so that it can be mined using a wider range of technology.
Dogecoin is based on the Shiba Inu internet meme. The creators of Dogecoin created the coin to be fun and friendly, and they wanted the community that formed around the coin to reflect that same sense of humour and passion.
How to buy Dogecoin in Canada with CAD on NDAX
The National Digital Asset Exchange (NDAX) is a Canadian cryptocurrency exchange that supports Bitcoin, Ethereum, Litecoin, Fantom, Cardano, and even stablecoins such as Tether and USD Coin.
NDAX is a cryptocurrency trading platform created in 2018. Its headquarters are in Calgary, and it serves Canadian residents.
When compared to its competitors, NDAX has some distinct advantages, such as one of the largest cryptocurrency selections and inexpensive trading fees.
NDAX offers high-volume investors who seek access to a deep liquidity pool of Over-The-Counter trading services in addition to its normal trading platform. NDAX Wealth is the name of this service.
- Sign up or create an account: Get instantly verified with NDAX’s streamlined verification process.
- Fund your account with Canadian dollars: You have the option to fund your account with fiat currencies using Interac e-transfer, Wire Transfer or a Bank Draft.
- Invest in DOGE: DOGE is highly divisible, so you can buy small amounts to get started. Trade CAD to DOGE with as little as $1 and with low trading fees of 0.2%.
How to buy Dogecoin in Canada with CAD on Kraken
Kraken is a bitcoin exchange for experienced investors. It’s an excellent site to use CAD to purchase Bitcoin, Ethereum, and Dogecoin.
Kraken is probably not the greatest location to start trading cryptocurrencies if you’re new to the world of cryptocurrencies or just getting started investing in them.
However, if you’re interested in arbitrage trading (trading between several exchanges), their platform might be worth a look.
Kraken’s costs are slightly more than those of the other exchanges we’ve discussed so far, but this is justified by the high level of confidence in their system and the low risk they offer when it comes to safely storing your digital assets on their computers.
To begin buying DOGE on Kraken, follow the steps below:
- Sign up for a Kraken account: First, enter an email address, create a new username and set a strong password to protect your account.
- Verify your account: You may buy DOGE with cryptocurrencies like BTC and USDT after providing your name, date of birth, country of residence, and phone number. You’ll need to supply additional supporting documents validating your identification if you want to spend cash (i.e. USD or EUR).
- Deposit Cash: You have several options for funding your Kraken account. Your method will be determined by your location and preferences.
- Purchase DOGE: You’re ready to buy DOGE after your account has been loaded with cash. You’ll also have access to our comprehensive charting tools, 24-hour worldwide client support, and the opportunity to use margin trading at this time, all of which contribute to the Kraken experience being adored by millions of traders around the world.
How to buy Dogecoin in Canada with CAD on Coinberry
Coinberry is a digital asset trading platform based in Canada that lets users buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Stellar in the most simple and secure way possible.
The Canadian Investor Protection Fund does not cover Coinberry’s assets.
To begin buying DOGE on Coinberry, follow the steps below:
- Create Your Account: Sign up now by following this link, or download our Coinberry app from Google Play or the App Store.
- Get verified: After you sign up, you’ll need to verify your account. Over 90% of our members get verified immediately, and then start trading right away.
- Buy Dogecoin: Get started with as little as CAD 50. You can buy DOGE right away at the best rates by funding your account with an e-transfer or wire.
How to buy Dogecoin in Canada on Coinbase
Coinbase is a well-known cryptocurrency exchange that makes buying, selling, and exchanging digital currencies simple. Coinbase makes purchasing Bitcoin as simple as purchasing stock through an online stockbroker.
For simple buy and sell orders, beginners will likely prefer the original Coinbase platform. Coinbase Pro, which is available to all Coinbase users, gives sophisticated users access to extra tools and order types.
To begin buying DOGE on Coinbase, follow the steps below:
- Create an account: Get started is fast, secure, and designed to keep your info safe.
- Verify your identity: To prevent identity theft or fraud, you’ll need a photo ID to make sure it’s you.
- Buy Dogecoin: Get started with as little as NGN 25, and you can pay with a debit card or bank account.
How to buy Dogecoin in Canada with cash on LocalCoinSwap
LocalCoinSwap is one option for purchasing Dogecoin in Canada using cash. LocalCoinSwap is a secure way to acquire Dogecoin and offers a wide range of cryptocurrencies.
LocalCoinSwap is a peer-to-peer exchange where users can exchange fiat currency (CAD) for cryptocurrencies.
Escrow services and an insurance fund are used on the site to safeguard both buyers and sellers from fraud and theft.
The interface of LocalCoinSwap makes it simple to find the cryptocurrency you want, including Dogecoin.
LocalCoinSwap handles all communications between buyers and sellers until the seller confirms delivery (or non-delivery) of their coins by signing off on the transaction using their private key for verification purposes once you’ve identified the currency you desire and input your transaction information.
Where to store your DOGE – DGB wallet
Since DOGE is a form of digital currency, you’ll need to store it somewhere. The most common places to store cryptocurrency are a cryptocurrency exchange, a digital wallet, or a paper wallet. If you’re just looking to buy a small amount of Dogecoin and you don’t plan to invest any further, you can store your Dogecoin on a cryptocurrency exchange.
This is fine for short-term purchases but it’s not a good idea for long-term investments. Cryptocurrency exchanges are vulnerable to hacks and it’s not recommended to keep large amounts of money on one.
The other option is to use a digital wallet. Digital wallets are easy to use and there are tons of different types of wallets available. Some of the most popular wallets for DOGE include the following: –
- DGB wallet – The official Dogecoin wallet
- Dogewallet – Another Dogecoin wallet that is feature-rich.
- Ledger Nano S – A hardware wallet that can be used to store a wide variety of cryptocurrencies.
- Coinbase – A web-based wallet that is easy to use and designed with beginners in mind.
DOGE Mining in Canada
You can find a reputable Dogecoin mining pool. There are lots of them to choose from, but not all of them are equal. Make sure you do your research so you can select a pool that meets your needs.
Once you’ve joined a mining pool, you’ll need to download a special software that will help you mine DOGE. This software is called a “client.”
The next step is to configure your client. This involves entering your pool’s username and password, as well as the number of cores your GPU has. (You can find this information in the Control Panel.)
Now it’s time to start mining! Simply click the “Start Mining” button and watch the DOGE flow in.
What can you do with DOGECoin?
There are lots of things you can do with Dogecoin. These include:
Trade and Invest: DOGE can be traded directly against the Canadian dollar on our trading platform. You may also examine and follow your trading activity, performance, growth, and profits in real time.
Use as a Value Store: DOGE is being used as a store of value by investors.
Reimbursement for Goods and Services: DOGE and other cryptocurrencies are still being accepted as a form of payment by online businesses, merchants, restaurants, and retail locations.
Here are a few resources related to How To Buy Dogecoin In Canada that I think you should read:
- How To Buy Dogecoin in Canada With Paypal in 2022 : Definitive Guide
- Where Can I Buy Dogecoin in Canada in 2022? The Guide You’ve Been Waiting For
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Conclusion: How To Buy Dogecoin In Canada
If you’ve been looking for an opportunity to buy Dogecoin, now is your chance. The DOGE price has seen a major increase in recent months and it’s only going to go up from here.
If you’re interested in buying Dogecoin, you should do it sooner rather than later. Dogecoin is one of the most popular altcoins in existence and it’s only going to get more popular as time goes on.
Buying Dogecoin is a great way to get into the world of cryptocurrency and it’s something that almost anyone can do.
Finding a reliable exchange to trade your fiat dollars for bitcoin is the first step.
If you don’t have any other cryptocurrencies, I recommend first purchasing Bitcoin or Ethereum, then sending them to another exchange to be converted into DOGE. There is no risk of being conned in this manner.
Personal finance should be treated seriously, but that doesn’t mean it has to be hard, which is the reason I started FinanceGlide.com
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