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Customers can deposit funds through credit/debit cards, bank drafts, bank wires, and Interac e-Transfer. Transactions with credit/debit cards are instant, while those with bank drafts, bank wires, and Interac e-Transfer might take a day. Transaction fees for Interac e-Transfer and bank wires are 1.5% for transactions less than $1999. When the transactions are over $2000, the transaction fee is 0%. Credit/debit card transactions attract up to 6% for deposits, while bank drafts are free.
Getting Started
Opening a Coinsmart account will require your email address, password, and other personal information like your name and date of birth. Coinsmart offers a mobile app and a crypto wallet for investors. The Coinsmart referral program allows customers to refer their friends to the platform. When those individuals deposit up to $100 in their account, the user receives $15.
Bitbuy insures its digital coins using 1:1 insurance with Knox Custody. Customers can use the price calculator on the platform to see how much a transaction could cost.
Getting Started
Opening a Bitbuy account requires you to enter your email and password. Maker and taker fees on the express trade Bitbuy platform (the regular platform) are 0.5%. If you use Bitbuy Pro, the maker fees reduce to 0.10%, while taker fees are 0.20%.
Deposits
Interac e-Transfer attracts a deposit/withdrawal fee of 1.50%, while bank wires attract a fee of 0.50%. Investors can make deposits into their Bitbuy account using Interac e-Transfers and bank wires. Bitbuy offers Over-The-Counter (OTC) for customers trading more than $50,000. Bitbuy is a registered Money Service Business.
The Changelly platform only accepts 3 fiat currencies: Euro (EUR), Pound (GBP), and United States (US) dollars. Opening a Changelly account only requires your email address. The minimum trade pairs on Changelly can go as high as $50 for some cryptocurrency pairs. Investors need to get their own wallet to use Changelly, as it’s a non-custodial platform. Changelly doesn’t demand any commission for deposits or withdrawals.
Fees
Transaction fees on the Changelly platform are calculated according to a floating rate or fixed rate. The customer gets to choose whichever one they want to use. Apart from the regular Changelly platform for newbies, Changelly Pro is available for advanced traders. Investors that use Changelly Pro are charged withdrawal/deposit fees and maker/taker fees.
There is a 0.50% trading fee on the Netcoins website. Netcoins communication channels are live chat, email, and telephone numbers. Investors can fund their accounts with credit cards, Interac e-Transfers, bill payments, and wire transfers.
Regulation
Netcoins is registered as a Money Service Business. So, it’s not regulated by the Investment Industry Regulatory Organisation of Canada. So, Netcoin customer accounts don’t qualify for CIPF insurance.
Getting Started
The Netcoins platform supports USD and CAD as fiat currencie and uses BitRank and QLUE, which are blockchain forensic tools, as safeguards. Opening a Netcoins account requires your full name, address, utility bill, driver’s license, and other forms of identification.
Traders can fund their accounts via crypto transfers, Interac e-Transfer, wire transfers, or direct bank deposits. Opening an account with Newton requires undergoing a Know-Your-Customer (KYC) procedure.
Fees
Although Newton charges no deposit or withdrawal fees, its spread fees cover this. The spreads range from 0.67% to 1.00%.
Support
New users can use the Newton crypto blog to learn more about the platform. Customers with any issues can contact Newton’s customer support through their ‘contact us’ form, live chat, or Newton status page. Customers who use the live chat or status page options can get instant replies. Individuals who use the form will have to wait 24 hours for a reply.
Coinberry offers new users automatic Bitcoin purchases as they sign up. Coinberry is insured by Lloyds and protected by the Gemini Trust Company LLC. A minimum deposit of $50 is required to open an account on Coinberry. The trading fees on this platform are high and can reach up to 22.50%.
Getting Started
Opening a Coinberry account takes the user through the instant verification process. Here, they must provide their names, birthdates, government-issued identification, and other personal information.
If the instant verification fails, manual verification will require government-issued documents. Canadians must connect their credit card with a Canadian bank account before they can use it to fund their Coinberry account. The Coinberry trading fee for cryptocurrencies is 0.5%
Investors who wish to buy cryptocurrency worth more than $200,000 can use the much faster Shakepay OTC (Over-The-Counter) trading desk. Customers can only buy cryptocurrencies through debit cards and wire transfers.
Getting Started
Registration on the Shakepay platform requires your email, password, username, and personal information like your name and address. Other verifications like a selfie or document verification might be required for some users. The spread fees for Bitcoin purchases can go up to 2.26%.
Coinbase is the regular platform for new users, while Coinbase Pro is for experienced traders. Coinbase Pro offers advanced trading options like crypto-to-crypto trading and advanced charting. Educational videos are available on the platform. The Coinbase customer support channels include email, telephone, and live chat.
Fees
The minimum trade on the Coinbase platform is $2. Investors can expect a transaction fee of up to 1.49% for bank account and USD wallet transfers. Debit/credit card transactions attract a fee of 3.99%. Wire transfers attract a fee of $25 for outgoing transfers, and incoming transfers attract a fee of $10.
Storage
Customer funds are stored in cold storage boxes that are scattered around the world. New users have to submit a government-issued identification when they open a Coinbase account.
Binance isn’t as well-regulated as other exchanges
Extra Details
Getting Started
Customers can fund their Binance accounts using debit/credit cards, wire transfers, and bank account transfers. Credit/debit card transactions are conducted within minutes, while wire transfers and bank account transfers can take days.
Account Types
New users are to choose between an unverified Binance account and a verified Binance account. The unverified account requires just your email and password, while the verified account requires selfies, government-issued identification, and other identifications.
Unverified accounts are restricted in the transactions that they can perform, while verified accounts get complete freedom. The Binance mobile app is available for Android and iPhone users. Maker/taker fees are never high and can reach 0.1%. Binance has its own wallet, the Binance Trust wallet.
The Kucoin platform has 3 classes of cryptocurrency, where class A cryptocurrencies are the most popular coins. Class B cryptocurrency is made of lesser-known coins, and class C cryptocurrencies are rare coins. Maker/Taker fees for class A, class B, and class C coins are 0.1%, 0.2%, and 0.3% respectively.
Security
Kucoin secures its cryptocurrency in cold storage using the Onchain Custodian company. Opening a Kucoin account requires your email address, password, and phone number. However, higher withdrawal limits and other advanced features are locked till the customer undergoes the Know-Your-Customer (KYC) process. The Kucoin platform offers multiple options for customer support and the Kucoin mobile app is available for Android and iPhone users.
Users can use the Nexo credit card to purchase everyday items. Investments in Nexo’s native token can help investors outside the United States to rise in the tier system. Traders who are on the higher tiers of the Nexo tier system can enjoy perks like low-interest rates on loans.
Fees and Withdrawals
The commission for European Union (EU) customers who purchase cryptocurrency with a credit card is 1.49%. Non-EU customers pay 3.49%. Users can withdraw free of charge on FiatX. After opening a Nexo account, users have to perform a 2-factor verification as well. Users can contact Nexo customer support via online messaging, email, or live chat.
Uphold rewards traders who stake their cryptocurrencies on the platform. The blog section of the Uphold platform offers educational content to users. Uphold offers cross-asset trading, where customers can trade between stocks, cryptocurrencies, and other commodities.
Perks and Fees
Investors get a 2% cashback when they use the Uphold Rewards debit card for a cryptocurrency purchase. Investors get a 1% cashback when they use the Uphold Rewards debit card for a fiat currency purchase. Uphold has a low minimum deposit of $10. The Uphold fee spread for larger cryptocurrencies ranges from 0.8% to 1.2%.
The instant buy fees on the Cex.io platform can go as high as 7%.
Deposit
Customers can deposit funds into their Cex.io accounts using debit/credit cards and domestic wire transfers. Most customer funds on the Cex.io platform are kept in cold storage, while a few are left in hot storage. Cex.io is registered as a Money Service Business in Canada.
Getting Started
New users can register on the Cex.io website using their email address, country of residence, and password. However, this will only unlock the basic features of the platform. You‘ll need to go through a Know-Your-Customer (KYC) procedure and provide advanced information to increase your deposit/withdrawal limits.
Coinmama doesn’t allow for crypto-to-crypto transactions. So, investors that want to purchase cryptocurrency will have to convert their digital coins to fiat. After which, they can use the fiat currency to purchase the new cryptocurrency.
Accounts
The minimum trade on the Coinmama platform is $30 for purchases and $100 for sales. The Coinmama platform has 3 tiers of users: curious, enthusiast, and believer. Individuals in the curious tier are those who have conducted transactions under $5,000 within 90 days. Enthusiast is for those that have conducted transactions over $5,000 within 90 days. Believers are individuals that have conducted transactions over $18,000 within 90 days.
Fees
Transaction fees for curious, enthusiast, and believer are 3.9%, 3.41%, and 2.93%. The Coinmama support channels include a chatbot and a contact form on their website.
The minimum deposit on this platform is 1 CAD. The leverage on the Eqonex platform is up to 1:125 for futures. Commission for spot trades ranges from 0.01 to 0.09%. The commission for future trades ranges from 0 to 0.07%.
Resources
Free education articles and videos are available on the Eqonex platform for new users. Free airdrops of the Eqonex native token are available daily. Automated trading bots are available on the Eqonex platform.
Accounts
New users can choose between opening a personal Eqonex account or an institutional Eqonex account. Opening a new Eqonex account requires submitting your email address and verifying it. After that, the user would have to submit personal information like their address and valid identification.
95% of Kraken user funds are held in cold storage locations worldwide. Opening a regular Kraken account takes minutes, while the Kraken Pro account can take days.
Fees
Purchases made with a credit card on the Kraken platform attract a charge of 3.75% and $0.25. Purchases made through a bank account attract a charge of 0.5%. Trading fees for stablecoins are 0.9%, while fees for altcoins are 1.5%.
Getting Started
Opening a Kraken account requires you to provide your email address, name, address, Social Security Number (SSN), and other personal information/ 24/7 customer service is available through telephone, email, and live chat.
High trading fees for people without Cronos tokens
Extra Details
Perks
The Crypto.com platform has 5 prepaid debit cards. Among these debit cards, the highest card is the obsidian card, which offers 5% cashback. Customers can earn up to 10% interest on the Crypto.com platform. You can increase your interest rates when you stake more than 4000 Cronos tokens and invest in stablecoins.
Support and Fees
Crypto.com offers 24/7 customer service via email or in-app chat. Users can fund their Crypto.com account through USDC deposits and debit/credit cards. No transaction fees are charged for deposits made through cryptocurrency. Non-Fungible Token (NFT) creators pay a commission of 1.99%, the same as individuals that are reselling their NFTs.
No commission on trades; only deposits & withdrawals
Mobile app has versions for different phones
High security for user data
Crypto and fiat currencies (CAD & USD) used for trading
No minimum deposits
No demo accounts or training guides for practice
VirgoCX offers no investment programs
Extra Details
The VirgoCX Leverage for trading is in a ratio of 1:1. The VirgoCX online platform offers two trading screens: quick trade (for amateurs) and advanced trade (for experts). Traders can use the VirgoCX Over-The-Counter (OCT) trade desk for large transactions over $30,000.
Deposit
The VirgoCX currency exchange is available for investors that want to quickly change their currency into another. Registration on the VirgoCX online platform requires a Know-Your-Customer (KYC) procedure, which can be completed in minutes. You can fund your VirgoCX account through wire transfers and Interac e-Transfers.
Withdrawal
VirgoCX has no withdrawal fees for non-ERC-20 coins. The funds in VirgoCX are secured with a Secure Sockets Layer (SSL), 2-factor authentication, and Ledger Vault Security.
WonderFi mobile app available for investors on-the-go
Doesn’t offer native token, just a tokenized stock
WonderFi isn’t available in some provinces in Canada
Extra Details
The WonderFi stock is available on Canada’s NEO exchange under the symbol $WNDR. WonderFi allows investors to trade gaming assets, Access non-Fungible Tokens, decentralized finance assets, and crypto assets. Users can only connect one browser extension and one mobile wallet to their WonderFi account.
Deposit and Withdrawal
Users can purchase cryptocurrency on the WonderFi platform using their credit card or through a bank transfer. Investors can earn interest when they buy and hold crypto tokens in the ‘earn’ section of the WonderFi app. Transactions done using Ethereum tokens require both the sender and the receiver to pay network fees. Senders pay network fees when they transfer any cryptocurrency apart from Ethereum. WonderFi has no minimum funding requirements.
With AQRU Investors can earn interest on their savings accounts. The minimum deposit for cryptocurrencies is $100. AQRU charges a 0.35% commission on all crypto transactions.
Account
The AQRU mobile app is available for iPhone and Android phone users. Opening an AQRU account requires you to provide your email, password, and government-issued identifications.
Investing
Investors can diversify their investment portfolio by using the features in AQRU 10. The interest rates on the AQRU platform are not tiered, so they stay the same regardless of the amount. Although AQRU offers a savings account, you’ll have to fund it manually for your funds to accrue interest.
Dogecoin, commonly abbreviated as DOGE, is a peer-to-peer, open-source cryptocurrency founded in 2013 by Jackson Palmer and Billy Markus.
This alternative cryptocurrency began as a joke but quickly gathered popularity and built a passionate community of traders. It includes a straightforward, user-friendly UI that simplifies sending and receiving DOGEs.
As a player in the controversial 2017 cryptocurrency market bubble, Dogecoin’s value increased substantially. Even though this cryptocurrency lost most of its impetus in 2018, it still has a large number of traders on multiple platforms.
Dogecoin wallets allow traders to store and control their Dogecoins safely. These digital wallets facilitate the management of cryptocurrencies.
Several Dogecoin wallets are on the market, making it challenging to select the best DOGE wallet app for your cryptocurrency storage needs.
The following list contains the most secure and user-friendly Dogecoin wallet applications. On the list, there are both free and paid apps with links to their websites and popular features, pros and cons, and pros and cons.
The 6 Best Dogecoin Apps to Keep an Eye On
Here is a carefully selected list of the best Dogecoin apps to keep an eye on going forward.
Coinbase
Coinbase is among the best Dogecoin apps for buying, selling, transferring, and storing DOGE. This offline storage allows you to safely save a wide variety of digital materials. It is one of the most popular Dogecoin wallets available in over 100 countries.
Dogecoin Coinbase is an excellent Dogecoin application for traders of all skill levels to acquire Dogecoin. They state that it will cost you $2 to get started and offer a rewards program and an advanced account.
They provide their customers with access to over 85 cryptocurrencies, including Ethereum and Bitcoin.
They provide staking rewards, and their Coinbase Earn function allows users to earn cryptocurrency while watching instructive films about various commodities. Thus, you may generate income in several ways.
Pros and cons of Coinbase
Pros of Coinbase
Cons of Coinbase
1. You can purchase, sell, or store many types of cryptocurrencies, such as bitcoin, dogecoin, and many more. 2. Users will have access to materials that teach them how to invest, as well as customer service, mobile access, digital storage, and customer service. 3. Coinbase has one of the lowest account minimums. 4. It gives rewards for certain coins. 5. The Coinbase card lets you spend crypto or USD anywhere and earn crypto rewards. You can put your paycheck into your account and convert USD to BTC for free.
1. There are no cryptocurrency futures contracts and no margin accounts. 2. You will have to pay for the decreasing balances. 3. Coinbase is not suitable for customers who desire external storage. 4. The trading costs for Coinbase are relatively high.
Binance
Binance is yet another reliable dogecoin app that will help you buy dogecoin since it is one of the most significant crypto applications for buying and trading cryptocurrency in general.
They can help you buy and sell bitcoin in a matter of minutes. Their website has a lot of information about the cryptocurrency market so you can make intelligent investment decisions.
Because they are apps, you can carry them everywhere and conduct transactions quickly and securely.
The Binance Dogecoin app is compatible with iOS and Android. It has good customer service, a community of like-minded traders, and a blog where you can learn as much as possible about bitcoin investments.
This program can suit not only your Dogecoin needs but also your needs for other cryptocurrencies, and it doesn’t appear like they’re going anywhere.
Pros and cons of Binance
Pros of Binance
Cons of Binance
1. Binace is the most secure Dogecoin app available, and it comes with a large variety of trading features. 2. It provides 24-hour customer service. 3. This cryptocurrency app lets you trade using both simple and complicated exchange interfaces. 4. There are currently over one hundred distinct cryptocurrencies that may be traded.
1. It is a little challenging for beginners to start off trading. 2. There is no option to deposit or withdraw fiat currency.
Kraken
Kraken is an excellent app for purchasing Dogecoin. It can help users trade on margin and futures, and the minimum account size will depend on the type of cryptocurrency you want to buy.
They also allow users access to over 80 cryptocurrencies worldwide,which indicates that they are not confined to Canada.
If you are new to the cryptocurrency game, you need not be concerned because they provide a wealth of instructional tools to help you develop your financial skills.
They are also an app that is a collection of applications available for both Android and iOS users.
Pros and cons of Kraken
Pros of Kraken
Cons of Kraken
1. It offers a very all-encompassing method of safety protection. 2. Kraken allows a considerable number of fiat currencies 3. This Dogecoin wallet supports Tier 2 verification and can accept deposits of fiat currency in a matter of minutes. 4. You may talk to a support team member in real-time using the live chat feature. 5. This app wallet does an error check on each and every address automatically.
1. There is no 24-hour phone customer service to help traders. 2. Kraken’s mobile futures platform is not presently available in some countries. 3. Customer service is not encouraging, thus frustrating to traders.
Uphold
Uphold is undoubtedly one of the most outstanding applications to purchase Dogecoin because it allows you to trade not only cryptocurrencies but also precious metals, US stocks, and bonds online.
This means that if you’re a trader who knows how to trade both commodities and fiat money, you can consolidate all of your assets on a single platform and stop switching between apps all day.
We like that you can download this app from the Google Play store or the App Store. According to their website, they currently support 27 national currencies, 65 cryptocurrencies, and four precious metals.
They can automate your trading by letting you set up repeated orders to buy or sell. This makes price changes less noticeable.
The purpose of this software for Dogecoin is to make your financial life simple, and they want you to be able to access everything from a single platform so that you never have to leave it.
Pros and cons of Uphold
Pros of Uphold
Cons of Uphold
1. On Uphold, users may purchase and sell various asset types, including cryptocurrencies, US stocks, and precious metals. 2. Uphold offers a transparent pricing structure so that customers are not caught off guard by unexpected costs. 3. On Uphold, you can earn rewards with cryptocurrency staking. 4. With Uphold, you do pay any deposit, withdrawal, or trading fee.
1. Uphold supports a small number of cryptocurrencies: about 100. Other top exchanges support a more significant number of assets. 2. Uphold doesn’t have the advanced charts and other features that some exchanges offer to traders who are skilled and active.
Crypto.com
Crypto.com is one of Canada’s best and fastest-growing cryptocurrency exchanges, providing a comprehensive selection of tradable assets at the lowest trading costs. It is the easiest-to-navigate, cheapest, and most user-friendly bitcoin exchange for beginners.
On Crypto.com, you can buy and sell more than 250 cryptocurrencies and more than 25 fiat currencies with credit cards, debit cards, and bank transfers.
In addition, the Crypto.com Visa Card provides 5% rewards on all purchases and has no yearly transaction fees. Traders who deposit cryptocurrency can earn up to 14.5% p.a.
in incentives via Crypto Earn. on virtual currency and up to 10% annually. Crypto.com provides ample order liquidity in all crypto market situations, with full transparency, security, and speed.
Crypto.com has over 50 million users and over $740 million in insurance coverage.
Pros and cons of Crypto.com
Pros of Crypto.com
Cons of Crypto.com
1. Crypto.com metal Visa Card offers a 5% reward on all purchases without an annual fee. 2. On Crypto.com, users may earn a lot more interest on their bitcoin assets than they would on similar high-interest savings accounts. 3. Crypto.com lets you trade in the spot market, with advanced order types, and in futures for more than 250 different cryptocurrencies.
1. Discounts on transaction fees can be difficult and perplexing. 2. Only users with substantial CRO currency holdings are eligible for transaction fee savings.
Coinberry
Coinberry, like the previous platform, is headquartered in Canada. The cryptocurrency trading platform offers features and services that are alluring. Free deposits and withdrawals are available in Canadian dollars.
Being the largest Canadian cryptocurrency exchange, it allows quick wire transfers (up to a specific limit). However, wire transfers for more considerable sums might take several business days. Coinberry works hard to keep all financial transactions open and maintains its reputation as a safe place to do business.
With several cryptocurrencies available on the most prominent crypto trading platforms, this exchange may be considered one of the most prestigious in Canada. Through their smartphone app, selling and purchasing cryptocurrency is made simple.
To begin trading, users must complete the exchange’s verification procedure . The organization also has a blog that has been helpful to new users and gives information about this volatile industry.
Pros and cons of Coinberry
Pros of Coinberry
Pros of Coinberry
1. There are no costs associated with deposits or withdrawals. 2. The exchange is registered with the appropriate regulatory agencies, which encourages confidence and dependability. 3. Compared to other online platforms, the trading charges are relatively inexpensive.
1. It operates exclusively in Canada. This hinders genuine development in the big leagues. 2. It may take longer than expected to execute the transactions in full.
What Is Dogecoin?
Dogecoin is a peer-to-peer, open-source cryptocurrency (peer-to-peer cryptocurrencies are virtual assets that can be exchanged between different users without the help of a central financial institution).
The asset was created in 2013 by software programmers Billy Markus and Jackson Palmer, who initially used it as a meme. The market capitalization of cryptocurrencies is close to $21 billion.
What Is Canada’s Best Crypto App?
Bitbuy is the most excellent cryptocurrency app in Canada. The Bitbuy app has a rating of 4.6/5 on the App Store, and Canadians love it because it is easy to use, secure, and cheap.
How Do You Buy Dogecoin?
Dogecoin may be acquired in a few easy ways. You must first locate a cryptocurrency exchange or investment platform that provides the coin.
Then you have to put in the Dogecoin ticker (DOGE), choose how much you want to invest, choose a payment method, and send in your order.
Once acquired, your dogecoin balance is transferred to the platform’s native cryptocurrency wallet.
However, most exchanges also allow you to move your cryptocurrency balance to an external hot or cold wallet. Hot wallets employ digital storage, whereas cold wallets rely on offline physical devices.
Best Dogecoin app conclusion
If you’re serious about investing in Dogecoin, you’ll need to find out how to obtain an app that will handle all your investment demands while protecting your cryptocurrency holdings.
In a volatile market, you should avoid making a few errors early on and ensure that you make the appropriate judgments.
You can use some of the best Dogecoin Apps listed above to purchase Dogecoin that we’ve discussed on this list, and you’ll find yourself in a position where you have a genuine possibility of making it big in the Dogecoin world.
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Cryptocurrency exchanges are online markets that facilitate purchasing, selling, and transferring various virtual assets, including bitcoin, Dogecoin, and others. However, not all exchanges allow wallet storage for your crypto assets.
For instance, Coinbase provides its online wallet for cryptocurrencies and non-fungible tokens (NFTs).
However, as not all crypto trading applications offer personal wallet services, you may need to examine additional secure storage choices.
Most exchanges let you move assets between your exchange account and your wallet whenever you need to. This is true whether you are trading bitcoin or Dogecoin.
What Is Canada's Most Secure Cryptocurrency Wallet?
CoinSmart is the safest cryptocurrency wallet in Canada because it uses facial recognition technology, your fingerprint, and other security features to keep your account safe.
Even if your phone is lost or stolen, CoinSmart's industry-leading security ensures you will never lose your coins.
Are Cryptocurrency Exchanges Worth It?
As with other investments and personal finance, this primarily depends on your choices. You do not need a cryptocurrency exchange to purchase Dogecoin or other popular virtual assets. As previously said, you can utilize internet services like PayPal or SoFi.
TradeStation, Robinhood, and Webull are three other online brokerages that provide fee-free crypto alternatives, but with a catch.
These investing apps provide greater access to additional investment options (such as stocks, ETFs, and options), but they frequently offer fewer crypto-specific features than other prominent cryptocurrency exchanges.
If you're having trouble deciding, it's important to choose a platform whose costs, features, and investment options match your goals.
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