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How to buy Dogecoin (DOGE) in Canada
Learn how to buy Dogecoin in Canada and how to decide if you should invest in DOGE now with detailed price, chart and performance metrics.
With a market cap of $14,310,419,287.00 USD, Dogecoin ranks as the 11th largest cryptocurrency by market capitalization in the world. It is currently trading at a price of $0.084 USD per coin and trades using the cryptocurrency code DOGE.
Dogecoin is a highly volatile asset capable of major price swings in a single day. So before you buy Dogecoin, make sure you understand these unique risks as well as its tax and legal status in Canada.
If you want to buy Dogecoin in Canada or track its performance, keep reading to see the latest DOGE price, market cap and trading volume along with a step-by-step guide on how to invest in DOGE crypto in Canada.
Dogecoin (DOGE) summary
| Current price | $0.084 |
|---|---|
| All-time high | $0.73 |
| All-time low | $0.000087 |
| 1-year price change | ▼ -43.60% |
| Market cap | $14.31B |
| Market cap rank | #11 |
| Total volume (24h) | $413.88M |
| Circulating supply | 170,478,693,127 |
| Where to buy DOGE | Buy on Kraken |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy Dogecoin in 5 steps
The whole process of buying DOGE can take as little as 15 minutes, and all you need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these five steps to learn how to buy Dogecoin in Canada:
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Compare crypto exchanges
The easiest way to buy Dogecoin is through a cryptocurrency exchange. Choose an exchange that offers low fees, a user-friendly platform or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada, or compare options below.
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Create an account
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
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Make a deposit
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
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Buy Dogecoin
You can now exchange your funds for Dogecoin. On beginner-friendly exchanges, this is as simple as searching for the coin name (Dogecoin) or its crypto code (DOGE), entering the CAD or DOGE amount you want to purchase and clicking "Buy."
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Secure your Dogecoin
Consider transferring your DOGE to help protect against hacks, scams, platforms going bankrupt and other risks of keeping crypto on an exchange.
Where to buy Dogecoin in Canada
We've curated a list of legitimate crypto exchanges below where you can buy Dogecoin in Canada to help you compare deposit methods, supported fiat currencies and fees.
5 of 13 results
Finder Score for crypto exchanges
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
Dogecoin price
The recent Dogecoin (DOGE) price is $0.084 USD per coin, which is +0.65% higher than the previous day's trading price of $0.083 USD. Over the past 30 days, DOGE's price has changed by -16.59%, from $0.10 USD to the current price of $0.084 USD. Compared to this time last year, Dogecoin's price has seen a decrease of -43.60% to its value as a cryptocurrency.
What is Dogecoin's all-time high?
Dogecoin reached its all-time high of $0.73 USD on May 8, 2021, which was a +841,761.91% increase from its previous all-time low of $0.000087 USD, which it reached on May 5, 2015. It has since landed at its current price of $0.084 USD.
Historical Dogecoin price chart
You can use this chart to track DOGE price performance over time.Can I buy Dogecoin in Canada?
Yes, you can buy Dogecoin in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Dogecoin—like the ones in our curated list above—and place a "buy" order. For example, Kraken supports Dogecoin and is a registered crypto exchange in Canada.
Because Dogecoin is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
What is Dogecoin?
Software engineers Billy Markus and Jackson Palmer created Dogecoin (DOGE) as a joke to inject some comedy and entertainment into the cryptocurrency space.
It is a fork of the Bitcoin and Litecoin codebases with some modifications, including its total supply and block time. Similar to BTC and LTC, DOGE is a payment coin that relies on a proof-of-work consensus that requires miners to run hardware to generate new blocks and support on-chain transactions.
Since its inception in 2013, Dogecoin has gained what could be described as a "cult following". It is one of the most recognised and popular cryptocurrencies and has paved the way for dozens of meme coins, including Shiba Inu.
Dive deeper: Read our beginner's guide to how Dogecoin works
What will I need to buy Dogecoin?
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy Dogecoin with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload government-issued photo ID, and, in some cases, a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Can I buy Dogecoin with a credit card?
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Dogecoin with a credit card, you should be aware of the additional cost and risks involved.
For instance, credit card fees are usually higher than bank transfers or e‑Transfers. Some card issuers may even block cryptocurrency transactions or treat them as cash advances, which are more expensive. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy Dogecoin, you could end up paying this:
- Price of DOGE: $0.084 USD
- Purchase amount: 1000 DOGE
- Estimated exchange fee (3%): $2.52 USD
- Total cost: $86.45 USD
If it took you three months to pay off your Dogecoin purchase at a credit card interest rate of 19.99% APR, you would pay an additional $4.32 USD in interest on top of what you originally paid to buy Dogecoin.
This example can help you compare the relative cost of buying Dogecoin with a credit card versus other lower‑fee methods like Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Dogecoin, or visit our guide on buying crypto with a credit card for more details.
Can I buy Dogecoin with a debit card?
Yes, it is possible to buy Dogecoin with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy Dogecoin with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Where could Dogecoin's price be heading?
Dogecoin may see a modest increase in its value in 2022, with Finder's panel of fintech specialists giving an average end of 2022 prediction of $0.08. Going forward, the panel projects DOGE to be worth around $0.19 in 2025 before rising to $0.64 by 2030.
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Is buying Dogecoin crypto a good investment?
Like any cryptocurrency, buying Dogecoin can be risky. But there are precautions you can take to help mitigate risk. Consider these general factors before investing in Dogecoin:
- Price volatility: Dogecoin's price is largely based on speculation, meaning it can rise or fall quickly. For example, Dogecoin's price has decreased by -6.88% in just the last seven days.
- Transactions can't be reversed: Once you submit a transaction to the crypto network, it can't be cancelled or reversed. Double-check the receiving address before submitting a Dogecoin purchase order or moving Dogecoin off an exchange. One good way to do this is to verify the first and last four digits of the wallet address before sending. There is no way to refund Dogecoin sent to the wrong address.
- Regulatory uncertainty: The regulatory environment for Dogecoin and other cryptocurrencies is constantly changing. It's important to understand how international rulings have the potential to impact Dogecoin's future—for better or worse.
Where to store your Dogecoin once you buy it
There are two main options for storing Dogecoin once you've bought it—keep it on an exchange or store it in your own personal wallet. Take a look at our guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your Dogecoin on an exchange, you're vulnerable to risk if the exchange gets hacked or compromised in another way.
It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.
How is Dogecoin taxed in Canada?
Like all crypto, Dogecoin is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to other investments like stocks and ETFs.
Money you get from selling Dogecoin can be treated as income or capital gains. That said, the CRA will tax crypto profits differently if you're a casual Dogecoin buyer than if your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our guide to crypto tax in Canada.
Bottom line
Keep in mind that buying Dogecoin can be risky. But if you decide to invest in Dogecoin, look for a regulated crypto exchange in Canada that supports DOGE, and make sure to store your crypto securely.
Once you've bought Dogecoin, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Dogecoin's price over time to decide whether to keep it on an exchange, sell it or move it to your wallet.
Frequently asked questions about buying Dogecoin in Canada
Sources
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.
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This guide provides step-by-step instructions on how to buy Dogecoin, lists some exchanges where you can get it and provides daily price data on DOGE.
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