How to Buy Dogecoin (DOGE) in Canada

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: To buy Dogecoin, all you need is a reliable and trusted crypto trading platform that has Dogecoin in its list of cryptocurrencies.

We recommend using Bitbuy as it’s a very well-known Canadian crypto exchange (over 400,000 Canadians served) with great support and a very user-friendly platform.

And for a limited time only, you can get FREE $40 when you sign up and fund your Bitbuy account with $250+!

Buy Dogecoin with Bitbuy

Dogecoin

Finding a Canadian cryptocurrency exchange where you can buy Dogecoin is pretty straightforward these days, there are so many exchanges around.

As mentioned above, we personally really like Bitbuy, but you can use any exchange you want of course. The general process is very similar across most crypto exchanges.

How to Buy Dogecoin in Canada in 2022

1. Choose a cryptocurrency exchange

While there are a lot of cryptocurrency trading platforms, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with Bitbuy is that they’re very easy to use, have fantastic support, and have a quick and seamless verification process to get you started!

Let’s get into it!

Bitbuy site

If you’d like to know more about which exchanges we recommend, look at our comparison of the top exchanges to buy and sell cryptocurrency in Canada.

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes.

Sign up with Bitbuy

Bitbuy sign up form

Bitbuy requires you to verify your identity in order to adhere to Canadian cryptocurrency laws. There is an automated verification system that will check your information against a database.

3. Transfer funds into the account

Transferring funds is also pretty easy as Bitbuy supports Interac eTransfer and Bank Wire.

Bitbuy Fund your account

4. Buy Dogecoin

Once the funds are in the account, you can either use the basic or pro trading interfacing to find and buy Dogecoin.

And that’s it, you now have some DOGE, congratulations!

Buy Crypto with Bitbuy

 

Where to Buy Dogecoin in Canada

Aside from Bitbuy, 3 other reliable crypto trading platforms we would recommend are NDAX, Coinberry, and Newton. They all have their own feature-set and fee structures.

How to Sell Dogecoin in Canada

Selling Dogecoin is just as easy as buying it. Start off buying signing into the crypto exchange where you bought Dogecoin.

Then simply head over to the trading section of the exchange, or find Dogecoin in your account, click on it and it should bring you to the trading screen.

Finally, choose the amount you want to trade for either CAD or another cryptocurrency and hit sell.

Frequently Asked Questions

Can I buy Dogecoin with PayPal?

While the majority of cryptocurrency exchanges in Canada don’t support PayPal, there are a few, like eToro, that do allow for buying cryptocurrency with PayPal.

That being said, double-check their list of cryptocurrencies first to make sure they have Dogecoin.

How to buy Dogecoin with a credit card?

You can use Bitbuy to buy Dogecoin with your credit card. A lot of Canadian crypto exchanges do support credit and debit cards.

Is buying Dogecoin in Canada legal?

Buying and selling cryptocurrencies is legal in Canada, just make sure to only use cryptocurrency exchanges that are registered with FINTRAC.

 

More info about Dogecoin

Dogecoin (DOGE) is an open-source cryptocurrency that is based on the Internet meme "doge" and features a Shiba Inu logo. Jackson Palmer and Billy Markus created the open-source cryptocurrency Dogecoin in Portland, Oregon. It was forked on December 2013 from Litecoin. Dogecoin was founded by Jackson Palmer, a Sydney-based Australian, and two men from Portland, Oregon. It's a fun, lighthearted cryptocurrency that will appeal more people than the Bitcoin core market. Elon Musk, Tesla CEO and founder, tweeted several times that Dogecoin was his favourite coin.

Dogecoin's Proof of Work protocol is different from Bitcoin in many respects. One of these is the use of Scrypt technology. Dogecoin has an uncapped total supply and a block time of 1 minute. The amount of Dogecoin that can be mined is uncapped. Dogecoin can either be mined by you or in a mining pool. Doge miners can mine the digital currency on Windows, Mac, Linux, and with a GPU. You can now mine Litecoin the same way as you mine Dogecoin.

Dogecoin was first used on Reddit, Twitter and as a tipping system for quality content creation. You will receive a tip for participating in the Dogecoin group. You can also buy Dogecoin from any Dogecoin faucet. Dogecoin faucets allow you to receive small amounts of Dogecoin for free in order to get started in Dogecoin communities.

Elon Musk's passion for Dogecoin and his success with it are closely connected. Musk began tweeting about Dogecoin in early 2021, and shared a Lion King DOGE meme. This led to a DOGE rally, which saw temporary dips and culminated with Musk's appearance Saturday Night Live.

DOGE crashed following the SNL appearance, despite Musk's promise that he would moon its price. Musk lost interest over the DOGE price in the months following the SNL appearance, which saw it fall 70% from its peak. Musk tweets occasionally to remind us that he still holds the power over Dogecoin.

 

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.

 

Related Posts:

About The Author

James Page

James Headshot

James is the main editor. With a passion for finance and anything blockchain, cryptocurrency is right up his alley. He’s responsible for most of the content on the site, trying his best to keep everything up to date and as informative as possible.