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You may probably be searching for the best dogecoin exchange in Canada. Since May 2021, when Dogecoin Skyrocketed to it’s all-time high of $0.7376, the price of Doge has significantly decreased to $0.1209, and some experts are saying this is the perfect moment to buy DOGE before it soars for the second time.
Which exchange you choose to purchase Dogecoin from is significant. However, real investors prefer to make purchases at a reliable, easy, and inexpensive exchange. So, the big question is, “which is the best Dogecoin exchange to buy DOGE in Canada?” We have a good recommendation for you after the review of five leading Canadian cryptocurrency exchanges.
Purchasing Dogecoin in Canada is now easier than ever, as more reputable Canadian-specific and foreign exchanges give choices to Canadian consumers in all provinces. This article will review the best five Dogecoin exchanges in Canada.
In Canada, there are two primary ways to acquire Dogecoin.
You can also mine Dogecoin directly on your Windows or Mac computer if you know how.
Here are the best Dogecoin Exchange in Canada
Bitbuy is one of the major Canadian cryptocurrency exchanges that has been around for a while and is committed to helping Canadian traders. It has some of the most popular cryptocurrencies, like Dogecoin (DOGE), that you can buy or sell.
The exchange started operating in 2016, and since then, it has expanded to become a well-known and reliable platform for crypto dealers in Canada. It currently has more than 350,000 members.
Bitbuy has worked hard to earn a solid reputation in the industry as a trustworthy and open-handed business. Their reputation has gotten better in many ways, like the fact that they were the first exchange in Canada to do proof of reserve audits, which they started doing in 2019 and have done every year since.
They give you access to more than 20 of the most exciting cryptocurrency projects, and they do this while following strict regulations.
When it comes to safety and security, Bitbuy provides its customers with four comforting protections against fraud and hacking:
Even if Bitbuy does not provide users with a separate cryptocurrency wallet, you can still transmit cryptocurrency from your Bitbuy account.
Bitbuy has completed its offering by developing a free smartphone crypto app that allows users to purchase Dogecoin while they are on the road in Canada. On the App Store, the Bitbuy app currently has a rating of 4.6 out of 5 stars.
| Pros of Bitbuy | Cons of Bitbuy |
|---|---|
| 1. You can easily buy and sell Dogecoin with ButBuy on a Canadian exchange. 2. BitBuy is Canada’s first licensed cryptocurrency exchange 3. Lower fees with up to 0.2% commission on cryptocurrency transactions. 4. Excellent blog resources 5. Interac e-Transfer makes fund deposits extremely simple. | 1. There are no crypto finance options such as crypto loans or crypto savings accounts. 2. Only 15+ cryptos are available to choose from. |
Even though CoinSmart has only been in operation since 2018, they have already acquired an excellent reputation for being a transparent exchange with high backing and integrity.
They are one of the best Dogecoin exchanges where you can purchase Dogecoin (DOGE). Canada has some of the strictest rules when it comes to user safety, so just knowing that CoinSmart was founded in Canada and has its headquarters in Toronto is a great step in the right direction.
The exchange is registered as a money services company with FINTRAC, Canada’s national financial intelligence agency. It just got limited dealer registration from the Ontario Securities Commission, joining all the other members of the Canadian Securities Administration.
In addition, the firm is publicly listed, having debuted on the NEO stock exchange in November of 2021. With this listing and the other regulatory frameworks that CoinSmart already has, it is clear that they offer one of the most open and well-regulated places to trade cryptocurrencies in Canada and around the world.
When you sign up with the code, get crypto, and fill out your account, you will receive a bonus of 20 Canadian dollars worth of Bitcoin.
| Pros of Coinsmart | Cons of Coinsmart |
|---|---|
| 1. It is simple to set up, and account verification is completed rapidly. 2. A variety of assurances covering the length of processing timeframes. 3. When you fund your account, you may make deposits on the same day. 4. A fantastic 24-hour customer service. | 1. Even though there is room for improvement, the number of currencies available is enough for most investors. 2. Citizens and residents of the United States are not permitted access. |
Crypto.com is a cryptocurrency exchange just like Bitbuy. Crypto.com operates out of Singapore and is a far larger business than Bitbuy.
Crypto.com, regarded as the tenth-biggest cryptocurrency exchange in the world, has 10 million members, compared to Bitbuy’s 400,000 users. Additionally, Crypto.com transacts around two billion pounds’ worth of cryptocurrency every day.
It’s not all about the measurements! Suppose you are a complete newcomer to the world of cryptocurrencies and want to purchase Dogecoin in Canada.
In that case, you may do better by keeping with the simplicity of Bitbuy. But if you want to understand the possibilities of cryptography, Crypto.com provides several valuable features for Canadians and solid tools for managing your money.
You can directly deposit funds with Crypto.com in Canadian dollars from your bank account. Each transaction must cost at least $20 Canadian.
One transaction is limited to a maximum of CAD 25,000 in total. After that, you can invest these fiat funds in purchasing Dogecoin or any other of Crypto.com’s 250 different cryptocurrencies.
Other meme coins like Shiba Inu, Metaverse coins, Defi coins, and all of the important blockchain coins like Solana (SOL) and Cardano (ADA) are all part of this group.
| 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. |
KuCoin is a well-known name in the market, and most people agree that it is one of the most competitive cryptocurrency exchanges regarding prices and trading fees.
In its early days, the exchange provided only crypto-to-crypto trading. These days, however, it provides a wide variety of services, such as a peer-to-peer exchange capability and the ability to make purchases using credit or debit cards. The exchange has experienced exponential growth since those early days.
The trading of Dogecoin (DOGE) and more than 300 other popular tokens is available on their platform. They are frequently the first to provide possibilities for purchasing newly released tokens.
| Pros of Kucoin | Cons of Kucoin |
|---|---|
| 1. By purchasing KuCoin Shares, users have the opportunity to participate financially in KuCoin’s growth. 2. Integration with Arwen lets users trade without having to send money to a wallet run by a third party first. 3. KuCoin users have access to a wide range of trading pairs because the company is committed to quickly launching new and innovative cryptocurrency assets. 4. Users have access to a substantial number of different trading pairs. | 1. Because it is an exchange that exclusively deals in crypto, it might be challenging to use for people who are just starting out. 2. KuCoin’s trade volumes are significantly lower than some of the industry’s more established platforms. |
Binance is one of the world’s largest and best-known cryptocurrency exchanges. Except for Ontario, they welcome residents from all Canadian provinces. Additionally, Canadian traders may use Binance to acquire Dogecoin (DOGE).
When you use an exchange like Binance instead of getting Dogecoin (DOGE) directly, as you can with the other services mentioned, there are some small differences.
When purchasing from Binance, you may also purchase from other traders on the market via the exchange. This is one of the most significant differences. This might result in substantial savings for you in terms of cost and pricing.
If you want to buy Dogecoin (DOGE) with another cryptocurrency, the fee from other traders on the exchange for direct purchases using your credit card, debit card, or bank transfer can be as low as 0.1%.
| 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. |
Before you go and buy Dogecoin, there are a few things to consider while purchasing Dogecoin in Canada. These are critical in assisting you in selecting the best time and service for your Dogecoin purchase.
Of course, investing in any asset is a significant consideration. This is especially true when purchasing Dogecoin. It is vulnerable to more substantial price fluctuations than investing in equities.
In that scenario, you should understand the market price at the time of purchase.
Depending on the provider you use to purchase your Dogecoin, these can range from incredibly competitive to excessively costly. Always double-check for all fees before making a purchase.
While all the sites we’ve picked are among the most reliable, you should be aware that not every Dogecoin sales platform is the same. You may limit your risk by performing your due diligence.
Dogecoin was founded in December 2013 by Billy Markus and Jackson Palmer, two software developers from IBM and Adobe. It is an open-source, peer-to-peer coin based on Litecoin.
Dogecoin is distinct from other cryptocurrencies, such as Bitcoin and Litecoin, in that there is no limit to the number of coins that may be produced.
While Bitcoin has a maximum of 21 million coins, Dogecoin has 114 billion in circulation. This means that the price of Dogecoin will not rise like that of other cryptocurrencies, making it ideal for smaller transactions.
Regrettably, there is no simple way to determine if a certain item is a suitable investment. Considering DOGE’s usefulness is an excellent starting point for your investigation.
Billy Markus, the creator of Dogecoin, has publicly said that he built the cryptocurrency in roughly three hours. He copied Bitcoin’s open-source code and modified the block time slightly.
“It was a search-and-replace task. Replace Bitcoin with Control-F and Dogecoin.”
Although DOGE is now a separate, multibillion-dollar cryptocurrency, it offers no unique functionality in the digital currency and payments industry.
Before you invest in Dogecoin, you should look into DOGE price prediction data and carefully weigh the risks.
Make your money do more.
Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.
Dogecoin's price increased significantly in 2021, from $0.004681 on January 1, 2021, to a peak of $0.7376 in May last year, a gain of almost 5,000%. No one knows if it will ever hit $1, but it is a very speculative asset, so act with caution.
First, determine which cryptocurrency exchange you will use. This depends on your level of experience. For crypto novices, Bitbuy provides a reassuringly straightforward solutionn Larger exchanges, like Crypto.com and Binance, provide a greater variety of cryptocurrencies and trading/financial possibilities. Register online, deposit money, and then make purchases. All three aforementioned exchanges will keep your DOGE and purchase it back when you choose to sell it.
In my opinion, DOGE is not an investment asset like stocks or ETFs. I would only invest my "gambling" funds in any digital currency asset.
See the top crypto deals and welcome bonuses on the market.
