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Buying Dogecoin in Canada is now easier than ever with more trustworthy Canadian specific options, and more international brokers offering options to Canadian residents.
In this article, we will detail how you can purchase Dogecoin (DOGE) and other cryptocurrencies from any province in Canada.
Before getting started, there are a few things to consider when you plan on buying Dogecoin in Canada. These are important in helping you both choose the correct time, and the correct service to make your Dogecoin purchase.
Market Position: This is a huge factor of course when you invest in any asset. Perhaps, even more, the case when you are buying Dogecoin. It is subject to more pronounced price movements than investing in stocks for example. In that case, you want to be fully aware of the market price at the time you are buying.
Trading Fees or Limits: These can vary from extremely competitive to very high depending on the service you choose to buy your Dogecoin through. Always be sure to check for all fees and charges before making a purchase.
Service Reputation: While all of the services we have chosen are some of the most trustworthy around, you should be aware that not every Dogecoin sales platform is as reputable. You can reduce your risk by making sure you perform your own due diligence.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. As a Canadian trader, you can also use Binance to purchase Dogecoin. There are slight differences when it comes to using exchanges like Binance instead of purchasing your Dogecoin directly as you can through the other services mentioned.
The main key differences are that in purchasing from Binance you can also buy from other traders in the market through the exchange. This can mean great value for you in terms of price and costs. Binance charges between 1% and 3.5% for direct Dogecoin purchases using your credit, debit card, or bank transfer, though if you want to buy Dogecoin using another crypto the fee can be as low as 0.1% from other traders on the exchange.
The process of getting started is also just as convenient. All you need to do is register with Binance and complete the KYC checks they have in place. For direct Dogecoin purchases, they partner with Simplex as a payment provider that also ensures your transactions remain safe and secure. It should take no more than a few minutes to complete your Dogecoin purchase with Binance.
They also offer over 100 of the most popular cryptocurrencies, if you want to buy altcoins including Binance (BNB), this is a great option.
is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry.
From humble beginnings, they have now gone on to become one of the most recognizable names in the space offering an extensive selection of assets to trade including Dogecoin.
The trading costs are competitive with other exchanges and they have continued to evolve now offering both futures and margin trading.
Please note that on this exchange the symbol used for Dogecoin is XDG.
Huobi Global was established in 2013, they’ve since become one of the world’s largest digital asset exchanges with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the world including Canada.
They are one of the top exchanges that currently offers Dogecoin (DOGE) trading opportunities.
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