How to buy Dogecoin in Canada.

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Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency, launched in December of 2013. While considered a meme and novelty coin by some, Dogecoin’s underlying framework comes from the same technology implemented by Litecoin. Occasional spikes in value are often attributed largely to popular memes and trending mentions on social media.
Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.
Where can I buy Dogecoin?
Here's how to buy Dogecoin in Canada.
1
Sign-up in Canada for a Newton account.
Create an account and add funds or choose an amount of your currency to trade.
2
Trade fiat or crypto for stablecoin.
Trade your chosen currency into a stablecoin.
3
Send to your desired exchange.
Find an exchange that offers DOGE, then transfer your crypto to that exchange.
4
Initiate purchase and you're done.
Go through the steps to purchase, and that's it.
CREATE NEWTON ACCOUNT →
Why use stablecoins when transferring to an exchange?
Because "stablecoins" are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.

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How to Buy Dogecoin in Canada with ShakePay and Binance [Tutorial]



 
by iPhoneinCanada.ca – 4 weeks ago
1414


Are you just waking up to the Dogecoin cryptocurrency hype? A legion of online investors has been plunging into the cryptocurrency that started as a joke, after Tesla CEO Elon Musk continues to pump up the coin with cryptic tweets.
Dogecoin has the face of a Shiba Inu dog, derived from the “Doge” meme and was invented by software engineers Billy Markus and Jackson Palmer back in December 2013.
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The so-called fun and friendly coin has since skyrocketed as followers of Musk and cryptocurrencies, in general, have hopped onto the bandwagon.






How to Buy Dogecoin in Canada with ShakePay and Binance
This is just one method that works to buy Dogecoin in Canada that is simple and fast and involves funding a Montreal-based ShakePay online wallet, then sending money over to Binance to purchase Dogecoin.
1. Sign up for ShakePay here—get $30 free (May 11-18, 2021 only!) when you buy your first $100 in Bitcoin or Ethereum. Or, sign up for Newton and get $25 free on your first trade over $100 (instructions are similar), or get $10 free from Calgary’s NDAX after a $100 deposit.

2. After verifying your ShakePay account, deposit an Interac e-transfer (minimum 0.1 ETH/BTC, or about $231 CAD; just deposit $250 to be safe) to buy Bitcoin or Ethereum.
In the ShakePay app, tap ‘Add funds’ and then Interac e-Transfer and follow the instructions.

3. While you’re waiting, click here to sign up for a Binance account and save 5% on fees, then verify your identity to complete the set up. In the Binance mobile app, tap your profile icon in the top left, and enable ‘Binance Lite’ for a simpler app to use.

4. Once funds are in your ShakePay account, send them to Binance. Launch the Binance iOS app, tap the ‘wallet’ icon in the bottom right, then tap ‘Deposit’:

5. Next, type in either Bitcoin or Ethereum, depending on which cryptocurrency you purchased in ShakePay. If you bought Bitcoin, choose BTC. Ethereum, choose ETH.

6. From here, tap the ‘copy’ icon below to copy your BTC address to your clipboard, then go back to the ShakePay app.

7. Within the ShakePay app’s main screen, tap your BTC or ETH funds, then tap ‘Send’ as seen below:

Next, you’ll see the BTC address from Binance in your clipboard will be shown below. Tap ‘Select from clipboard’:

Enter in the BTC amount you want to send. You may want to use Google to calculate exactly how much Bitcoin you want to send.
If it’s the entire amount in your ShakePay account you deposited, tap “MAX”.

8. From here, ShakePay will ask you to confirm your transaction by checking your email, to authorize the send. Check your email, open the ShakePay email and confirm it on the web. Sending Bitcoin to Binance may take up to 20 minutes or so. If you are sending Ethereum, it appears to be much faster.
You can track your transaction on the blockchain to see its status. Inside ShakePay, tap on your BTC or ETH wallet, depending on which one you used to send. You’ll see the transaction history—just tap the area below:

A pop up will show your confirmation details of what you just sent to Binance. Click ‘view on the blockchain’ to see your transaction on the web (full of cryptocurrency blockchain nerd-speak):

9. Once your BTC or ETH arrives in your Binance wallet, you’ll see your balance when you tap the wallet tab. Now, if you’re still following along, you need to convert your BTC or ETH into another cryptocurrency first, before you can buy Dogecoin.
Click the middle menu icon with the arrows as seen below in the Binance app…

…then tap ‘Convert’:

From here, you will convert your BTC or ETH into BUSD (Binance USD). Select BTC or ETH in the ‘From’ drop down menu. In the ‘To’ drop down menu, pick BUSD:

The next menu should show from BTC to BUSD…then tap ‘Confirm’:

10. From here, tap ‘Max’ if you want to convert all your BTC to BUSD. Essentially, BUSD allows you to buy a variety of alt coins such as Dogecoin, whereas just BTC or ETH cannot. Use an online BTC to BUSD calculator if you’re trying to find a specific amount to send:

11. Now, you can FINALLY buy Dogecoin. To do so, just perform the same conversion step above, but for the ‘From’ menu, choose BUSD and for the ‘To’ menu, choose Dogecoin.
Again, use a conversation calculator on the web from BUSD to DOGE to figure out a specific amount to convert, or tap ‘Max’:

After you complete this last step, you now are an owner of Dogecoin, and can finally sleep at night knowing you didn’t miss the boat, while boasting about your new cryptocurrency gamble to your friends. Again, this is just one way of buying Dogecoin in Canada.
For those using Newton, the process is similar. Fund your Newton account with an Interac e-Transfer, purchase Bitcoin or Ethereum, then withdraw the crypto to your Binance wallet (paste in your Binance wallet address into the Newton app).
A great way to track your cryptocurrency price targets is to use the Yahoo Finance app, as you can set custom push notifications for specific price alerts, should you need to liquidate your portfolio or ‘buy on the dip’. Now enjoy the ride to the moon, folks.
Disclosure: ShakePay, Newton and Binance are affiliate partners of iPhone in Canada, and links above may allow for commissions earned. The instructions above are for educational purposes only and is not financial advice—invest at your own risk.








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Dogecoin (DOGE) is a decentralised, peer-to-peer cryptocurrency that’s similar to Bitcoin (BTC) and Litecoin (LTC). What started out as a joke has grown into one of the most widely traded cryptocurrencies in the world with a market capitalisation of more than $70 billion USD as of May, 2021. Figuring out how to buy Dogecoin in Canada can be a bit tricky, which is why we’ve listed some of the most popular exchanges for you to buy Doge right now — some even let you pay by Interac e-transfer.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
What's in this guide?

1. How to buy DOGE in Canada
   
2. A step-by-step guide to buying Dogecoin in Canada
   
3. How to sell DOGE
   
4. Which wallets can I use to hold DOGE?
   
5. How DOGE works
   
6. Will Dogecoin reach $1?
   
7. Key factors to consider when buying DOGE in Canada
   

How to buy DOGE in Canada
Dogecoin is available to buy, sell and trade on many exchanges. To find the best fit for your needs, compare exchanges by deposit methods, fiat currency support and more. When you’re ready to trade Dogecoin, click Go to site on the exchange of your choice:



Binance Cryptocurrency Exchange

Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

305
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Go to site
View details
Compare

NDAX Cryptocurrency Exchange

Bank transfer (ACH)
CAD

10
cryptocurrencies

Get a $10 bonus when you open an account and deposit at least CAD$100. T&Cs apply.
NDAX is a Canada-based digital asset exchange with CAD currency pairs and with options for advanced traders.
Go to site
View details
Compare

Crypto.com App

Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

115
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Go to site
View details
Compare

Gemini Cryptocurrency Exchange

Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

40
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Go to site
View details
Compare

Coinsquare Cryptocurrency Exchange

Interac e-Transfer, Wire transfer, Wealth Wire, Rushed Wire, Direct Bank Deposit
CAD, USD, EUR, GBP, CHF

10
cryptocurrencies

Finder exclusive: Get a $10 bonus when you deposit at least CAD$100. T&Cs apply.
Trade some of the most popular cryptocurrencies with competitive fees on this intuitively designed Canadian exchange.
Go to site
View details
Compare








A step-by-step guide to buying Dogecoin in Canada
Set up an account with an exchange that supports Dogecoin in three steps.
Step 1. Create an account on an exchange that supports DOGE
Look for an exchange that lists DOGE in one or more currency pairings, and sign up with your email address and a password. Compare exchanges when buying DOGE to find the lowest fees and freshest exchange rates.

• Note: Many exchanges also require your full name, contact information and proof of ID before allowing you to trade.
  

Step 2. Deposit funds into your account
If your exchange supports Dogecoin you’ll be able to buy DOGE directly with Canadian dollars (CAD). Some exchanges charger varying fees depending on the amount of DOGE you’re buying, so pay attention to the cost of your transaction.

• Note: Some payment methods have higher fees, with credit card payments usually being the most expensive.
  

Step 3. Buy DOGE
Navigate to the markets section on your chosen exchange to find your desired DOGE pairing. Look for the section on buying DOGE, and type in the amount of the paired cryptocurrency you want to spend or the amount of DOGE you want to buy.

• Note: Carefully review your transaction details — including the amount of DOGE you’re buying and the total cost of the purchase — before completing the transaction.
  

How to sell DOGE
If you want to sell your DOGE holdings, you can do so by following a similar process to that outlined in Step 3. You’ll obviously need to look for the “Sell DOGE” link, while it’s also worth remembering that you may not be able to directly exchange DOGE for the currency you want to acquire.
Which wallets can I use to hold DOGE?
Unless you’re looking to place a trade, storing cryptocurrency in an account on an exchange is not recommended. Instead, it’s generally much safer to store your DOGE in a secure wallet.
You can check out a list of the best Dogecoin wallets for a place to get started.
How DOGE works
Founded in 2013 by Australian Jackson Palmer and IBM software developer Billy Markus, Dogecoin started life as a joke. In a January 2018 article in the Sydney Morning Herald, Palmer explained that the idea for Dogecoin started from a light-hearted tweet criticizing the rapid rise of “scammy” altcoins at the time. Dogecoin takes its name from the immensely popular (in 2013) viral “doge” memes. Its mascot, which features heavily on the Dogecoin website, is a Shiba Inu.
However, behind all the fun and games of Dogecoin lies a very popular cryptocurrency. Designed to offer fast and affordable online transactions, this open-source digital currency can be used as a form of payment for goods and services, a vehicle to trade for other currencies and a way to “tip” other Internet users who create or share popular content.
Based on the LuckyCoin protocol, a fork of Litecoin, Dogecoin uses the Scrypt encryption algorithm. Dogecoin was instantly popular in the crypto community, and within two months of its launch, it had a market capitalization of $74 million. DOGE’s value has experienced several rises and falls since then, reaching its all time high in January 2018 with a market cap of more than $2 billion and a price of $0.017359.
Find out more about Dogecoin in our complete guide.
Will Dogecoin reach $1?
No one can know for certain whether Dogecoin will reach $1, Dogecoin’s roughly 11,000% increase in price during 2021 has a lot of users on Reddit and similar forums waiting for more. Dogecoin has long been seen as a memecoin, which has helped drive price swings both up and down based on celebrity tweets, oddball events and the rallying of online communities. Given that nearly 150 million Dogecoin is mined each day, for the price to continue to climb and reach $1 we’d need to see many more massive buying events.
Key factors to consider when buying DOGE in Canada
Cryptocurrencies are complicated and highly speculative, and many factors can affect their value. Understand the risks associated with cryptocurrencies before making a purchase.
If you’re thinking of buying Dogecoin, weigh the following factors against your financial goals:

• Availability. One of the key factors that affects the popularity of a cryptocurrency is its availability. Dogecoin is listed on a wide range of cryptocurrency exchanges, making it relatively accessible in comparison to more obscure coins for anyone thinking of buying.
  
• Community support. Dogecoin is something of a legend in cryptocurrency circles and is supported by a vibrant and active community, as shown by its active Reddit page. This support has seen Dogecoin survive since 2013, which is a very long time in the world of digital currency.
  
• Joke or not? Dogecoin started life as a joke and a quick visit to the coin’s website is enough to reveal that this currency doesn’t take itself too seriously. This has been a key factor in its survival and success. However, if you’re looking for a coin to buy and hold in the hope of achieving long-term profits, you’ll need to consider whether DOGE fits with your cryptocurrency strategy.
  
• Future development. As for what the future may hold for Dogecoin, it’s worth considering what the coin’s co-founder Jackson Palmer said in an interview with CoinDesk in March 2017: “New features aren’t being implemented into Dogecoin because there’s no active development anymore. Eventually, it will become outdated. And with that, the network will organically wind down.” Palmer left the Dogecoin team in 2015, but this does raise important questions about the longevity of the currency.
  
• Celebrity endorsement. Dogecoin’s rally in 2021 is largely attributed to a single person – Elon Musk. Thanks to Musk’s influence combined with his interest in memes and internet culture, he has single-handedly been able to propel the price of Dogecoin to new highs – primarily through late-night tweets of Doge related memes. If Musk were to suddenly change his tune on Dogecoin, or lose interest, the price may be affected negatively as a result.
  

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.