Last Updated on 9 months by Anoob P T
Are you wondering How to Buy Dogecoin in Canada? Here is a step by step guide on how to buy Dogecoin in Canada with Best Exchanges, Pros, Cons & Fees.
Dogecoin is a crypto currency created by Billy Markus and Jackson Palmer. Dogecoin was created as joke but now the cryptocurrency is becoming popular and even increasing in value.
How to Buy Dogecoin in Canada: Best Exchanges, Pros, Cons & Fees
Table of Contents
What is Dogecoin?
Dogecoin is a type of cryptocurrency that has attracted attention of investors recently. The low price and its unlimited supply are the main features of Dogecoin.
Dogecoin is very similar to Bitcoin and Ethereum that are now widely used as payment for cryptocurrencies.
The founders of Dogecoin created it as a joke because of the limited availability of Bitcoin.
Official website of Dogecoin https://dogecoin.com/
Current Price of Dogecoin
As of January 2022, current price of Dogecoin is $0.1395
How to buy Dogecoin in Canada?
If you are wondering how to buy Dogecoin in Canada, there are 2 ways.
- It can be purchased using fiat currency directly from the cryptocurrency exchanges like NDAX, Binance.
- Another option is to buy other digital currencies like bitcoin and then trade it for Dogecoin on another platform.
Where to Buy Dogecoin in Canada
NDAX
What is NDAX?
National Digital Asset Exchange is a cryptocurrency exchange in Canada that can help you buy Dogecoin.
NDAX has been around since 2017 and charges one of the lowest rates for trading among all the other digital exchange platforms.
NDAX is a user-friendly platform and can be used by beginners and expert cryptocurrency traders alike.
★ Minimal fees charged when compared to the other cryptocurrency exchanges in Canada
★ The assets can safely stored
★ Deposits and withdrawals can be settled on the same day
★ Quick verification of ID
Coins Supported
- A total of 11 coins are supported
- DOGE, BTC, LINK, ETH, EOS, USDT, ADA, XRP, LTC, XLM, DOT
Payment Methods
- It allows payments to be made via wire-transfer,Interac e-transfer, bank drafts and crypto deposits
Fees
- 0.20%
Available Promotions
- A bonus of $10 when a new account is opened and funded with a minimum of $100
Binance
What is Binance?
Binance is one of the largest cryptocurrency platforms in the world.
Binance offers buyers and sellers to directly trade with zero transaction fees.
It offers three different types like basic, advanced, and the peer to peer platforms, which make it easier for beginners as well as experts to do trading.
Binance also provides a mobile app to check for live updates of the prices.
Noteably, Binance is one of the cheapest platforms for trading using digital currencies and giving a good trading experience to all the users.
★ Leaderboard showing the top traders on the platform
★ Easy conversion of assets and hence saves time
★ Allows traders to compete with each other and earn more points
★ Best trading platform for peer-peer trading
Coins Supported
- It supports more than 200 coins
Payment Methods
- It allows the users to make payments via debit card, credit card, bank transfers, P2P and third party applications
Fees
- It depends on the type of account
- 0.10% for spot markets
Promotion
- There is currently a 10% discount running on the site
CoinSquare
What is CoinSquare?
CoinSquare started operations in 2014 and provides multiple options for funding and accepts deposits made using fiat currency.
CoinSquare is a highly secure and user-friendly platform that has a good customer support system to help users solve thier issues.
CoinSquare provides an option of Quick trade which allows the users to select any coin of their choice and the amount that they would like to spend via trading.
CoinSquare is designed to make trading in cryptocurrency simple and beginner friendly.
★ Safe and secure platform
★ Low fees is charged
★ Trade can be done from any device
Coins Supported
- It supports coins like DOGE, ETH, BTC, LTC, BSV, XRP, ETC, XLM, BCH, DASH
Payment Methods
- Coinsquare supports payments via Interac e-Transfer and bank wire.
Fees
- A trading fees between 0.1% to 0.4% charged
- Withdrawal fees upto 2% is charged
URL
Kraken
What is Kraken?
Kraken is another good cryptocurrency platform that is used by a large number of crypto traders.
The platform charges low fees for the transactions and it is highly secured.
Kraken is a good option for anyone who wants to try out advanced tools of trading.
Kraken is touted as highly secure and keeps customers’ coins safe and prevents any form of hacks.
Kraken also educates users on how to keep their accounts safe from threats.
★ Low fees is charged
★ Highly reliable
★ More currency options are available
★ Suitable for beginners as well as experts
Coins Supported
- More than 50 coins are supported by the platform
Payment Methods
- Payments can be done via bank transfer, wire transfer
URL
Huobi
What is Huobi?
Huobi is one of the leading digital exchange platforms for Dogecoin.
Huobi has a user-friendly interface that can be used to trade without any issues.
Huobi provides good customer service, has large number of cryptocurrencies include Dogecoin and there are options for margin and futures trading.
★ Options like margin trading and futures available
★ Large number of cryptocurrencies available for trading
★ Low fee charged
★ Highly Secure
Coins Supported
- More than 300 crypto currencies are supported
Payment Methods
- Supports nearly 60 payment methods like Credit card, bank transfer, C2C
Fees
- Fee as low as 0.2% is charged
URL
Explore HuobiCrypto.com
What is Crypto.com?
Crypto.com is a digital exchange platform that is used for trading more than 100 cryptocurrencies.
It is a good platform for anyone who would like to buy, sell as well as earn from the trade of cryptocurrencies.
Crypto.com offers low charges and ensures secure transactions.
Interestingly, crypto.com offers its own coin and it helps to easily convert fiat currencies into crypto format.
It is one of the best trading platforms for earning high rates of interest and can be used to buy Dogecoin in Canada.
★ Allows users to earn interest on cryptocurrency
★ Highly secure
★ Large number of cryptocurrencies to choose from
★ Better returns for the account holders
Coins Supported
- It supports more than 100 coins
Payment methods
- Payments can be done via bank transfer
Fees
- The fees charged depends on the type of account
- It starts with a rate of 0.40%
URL
Explore Crypto.comHow to Keep Dogecoin in Canada?
- Many exchanges provide the option to store Dogecoins. So, you can leave it on the exchange from where you have purchased it.
- Storing in a personal crypto wallet ensures security for your assets
- Storing in Dogecoin wallet,MultiDoge (light wallet) or Dogecoin Core (full wallet) are some of the other options.
Frequently Asked Questions about How to Buy Dogecoin in Canada
Where can I buy Dogecoin stock in Canada?
You can try CoinSquare, Crypto.com, Binance, Kraken, Huobi, NDAX to buy Dogecoin in Canada.
What platform can I buy Dogecoin in Canada?
CoinSquare, Crypto.com, Binance, Kraken, Huobi, NDAX are some of the platforms to buy Dogecoin in Canada.
Can u buy Dogecoin in Canada?
Yes, Dogecoin is legal in Canada and you can buy through CoinSquare, Crypto.com, Binance, Kraken, Huobi, NDAX cryptocurrency platforms.
What is the best way to buy Dogecoin?
You can buy Dogecoin through CoinSquare, Crypto.com, Binance, Kraken, Huobi, NDAX cryptocurrency platforms.
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How to Buy Dogecoin in Canada
How to Buy Dogecoin in Canada Summary
Here is How to Buy Dogecoin in Canada with information on Best Exchanges, Pros, Cons & Fees. Most of the cryptocurrency exchanges mentioned in this post are easy to get started and you can easily sign up in 5 mins and start purchasing your Dogecoin. Some cryptocurrency exchanges charge more than others so if you are interested only in Dogecoin, you should compare rates of these exchanges before making your purchase.
Overall
4.5-
How to Buy Dogecoin in Canada
Pros
Most cryptocurrency exchanges also support other cryptocurrencies such as BitCoin
Easy to get started
User-friendly interfaces
Cons
Dogecoin value tends to be volatile
Some cryptocurrency exchanges charge higher fees than others.
