- Buy DOGE and 50+ other cryptos
- Pay with CAD by bank transfer, credit or debit card
- Spend anytime with the Crypto.com Visa card
- Take advantage of a wide range of extra features
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Dogecoin (DOGE) is a decentralized, 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 capitalization of more than $10 billion as of April 2021.
This is our quick guide to just one way to buy DOGE. Compare some other options in the table below.
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:
Set up an account with an exchange that supports Dogecoin in three steps.
Look for an exchange that lists DOGE in one or more currency pairings, and sign up with your email address and a password.
If your exchange supports Dogecoin you’ll be able to buy DOGE directly with Canadian dollars (CAD).
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.
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.
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.
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.
All cryptocurrencies are complicated and highly speculative, and there are many factors that can affect their value. It’s essential to be fully aware of all the risks associated with cryptocurrencies before making a purchase.
If you’re thinking of buying any Dogecoin, make sure you consider the following factors first:
By researching all the important information you can find about Dogecoin and considering the above factors, you’ll be in a much better position to decide whether or not to buy DOGE.
Investors in Canada will need an international brokerage account to buy Conduit Holdings stock.
SPONSORED: J.P. Morgan suspects Bitcoin is on its way to becoming the new gold – but should you invest?
Comprehensive guide on blockchain stock investing, benefits, risks, main stocks, blockchain ETFs, and more.
Whether you’re a beginner or an expert, compare the best trading apps in Canada to choose the one that’s best for you.
Robinhood isn’t available in Canada, but there are a number of popular Canadian alternatives on the market.
Grow your wealth the smart way with these top 6 picks.
Learn more about the UNI cryptocurrency in this beginner’s and buyer’s guide.
Learn more about the Avalanche (AVAX) cryptocurrency in this beginner’s and buyer’s guide.
The world’s first physical Bitcoin ETF has launched onto the stock market. Here’s how to invest if you’re in Canada.
Learn more about the Filecoin cryptocurrency in this beginner’s and buyer’s guide.
You must be logged in to post a comment.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.