Buying Dogecoin in Canada is now easier than ever with more trustworthy Canadian specific options and more international exchanges offering options to Canadian residents.
This article will walk you through how to buy Dogecoin (DOGE) and other cryptocurrencies from any province in Canada.
Things To Consider Before Buying Dogecoin In Canada
Before you get started, there are a few things to keep in mind when buying Dogecoin in Canada. These are important so that you can choose both the right time and the right service for your Dogecoin purchase.
Market Position: Obviously, this is a big factor when investing in an asset. Maybe even more if you buy Dogecoin. It is subject to greater price fluctuations than, for example, investments in stocks. In this case, you want to know fully the market price at the time of purchase.
Trading Fees or Limits: These can vary from extremely competitive to very high depending on the service you are using to purchase your Dogecoin. Always check all fees and charges before making a purchase.
Service Reputation: While all of the services we have selected are some of the most trustworthy, you should be aware that not every Dogecoin sales platform is this reputable. You can reduce your risk by making sure you do your own due diligence.
Top places to buy Dogecoin (DOGE) and crypto in Canada
Coinberry makes it easy to access Dogecoin in Canada without much fuss and quickly buy or sell the asset through the easy-to-use platform. Coinberry has been around since 2017 and has a number of very trustworthy partnerships that have given them a solid reputation for cryptocurrencies. You are also registered with FINTRAC as a Money Services Business (Financial Transactions and Reports Analysis Center of Canada), which provides an additional level of trust.
You can open your account here in no time and have KYC verified and Coinberry also ensures the best possible price environment for buying or trading your Dogecoin and the other supported assets. With no deposit or withdrawal fees and a 0.5% trading fee, they are one of the cheapest services to buy Dogecoin in Canada with your debit, credit card, wire transfer or Interac transfer. However, you should note that as a market maker you will apply a spread on the asset.
Overall, Coinberry offers a safe, super convenient, and trustworthy service at a competitive low cost.
They also offer: Bitcoin (BTC), Cardano (DOGE), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH) and Stellar Lumens (XLM).
To find out more, you can go to Coinberry and start trading right away.
Binance is one of the largest and most famous cryptocurrency exchanges in the world. They accept residents from all Canadian provinces except Ontario. As a Canadian trader, you can also buy Dogecoin with Binance. There are slight differences when it comes to using exchanges like Binance instead of buying your Dogecoin directly as you can through the other services mentioned.
The main differences are that when you buy from Binance, you can also buy from other traders in the market through the exchange. This can add great value to you in terms of both price and cost. Binance charges between 1% and 3.5% for direct Dogecoin purchases with your credit, debit card or bank transfer. However, if you want to buy Dogecoin with a different crypto, the fee from other traders on the exchange can be as low as 0.1%.
Getting started is just as easy. All you have to do is register with Binance and take the KYC exams. For direct Dogecoin purchases, they work with Simplex as the payment provider, who also ensures that your transactions remain safe and secure. It shouldn’t take more than a few minutes to complete your Dogecoin purchase from Binance.
They also offer over 100 of the most popular cryptocurrencies. If you are looking to buy altcoins including Binance (BNB) this is a great option.
Ontario residents are prohibited.
For more information, check out our Binance Review or go straight to the Binance exchange to sign up and start trading. Use discount code: EE59L0QP a. claim 10% cashback on trading fees.
Kraken is one of the long standing names when it comes to cryptocurrency exchanges in the industry.
From humble beginnings, they have grown to become one of the most recognizable names in the industry, offering an extensive range of assets to trade, including Dogecoin.
The cost of trading is competitive with other exchanges and they have evolved to now offer both futures and margin trading.
Please note that the symbol used for Dogecoin on this exchange is XDG.
Read our Kraken review or visit Kraken.
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