economictimes.indiatimes.com Open in urlscan Pro
2a02:26f0:6c00:1ab::216f Public Scan

Back to summary

URL:
https://economictimes.indiatimes.com/industry/banking/finance/how-to-buy-dogecoin-in-canada-beginners-guide/articleshow/90128853.cms
Submission: On April 06 via manual (April 6th 2022, 2:31:45 am UTC) from CA — Scanned from ES

Form analysis
0 forms found in the DOM

Text Content

BenchmarksCLOSED
Sensex60,176.50-435.24
Created with Highcharts 10.0.0
View Full Chart
NSE Loser-Large Cap
SBI Cards839.00-37.15
Created with Highcharts 10.0.0
View Full Chart
FEATURED FUNDS
★★★★★
Mirae Asset Hybrid Equity Fund Direct-Growth
5Y Return
14.55 %
Invest Now
FEATURED FUNDS
★★★★★
Mirae Asset Equity Savings Fund Direct - Growth
3Y Return
13.48 %
Invest Now
CRYPTOCURRENCYLIVE
Presented By:
btcBUY NOW
₹36,22,202-2.78%
Created with Highcharts 10.0.0

ethBUY NOW
₹2,68,337-4.71%
Created with Highcharts 10.0.0

usdtBUY NOW
₹800.06%
Created with Highcharts 10.0.0

bnbBUY NOW
₹35,443-2.29%
Created with Highcharts 10.0.0

Market Watch

Industry
English Edition
| E-Paper
Sign In
Save 63% on 2 Year Membership
Search
+

Home
ETPrime
Markets

News

Industry

RISE

Politics
Wealth

Tech

Jobs

Opinion

NRI

Panache

ET NOW

Auto
Auto News
Cars & UVs
Two wheelers & three wheelers
LCV & HCV
Auto Components
Tyres
Banking/Finance
Banking
Finance
Insure
Cons. Products
Durables
Electronics
Fashion / Cosmetics / Jewellery
FMCG
Food
Garments / Textiles
Liquor
Paints
Tobacco
Energy
Power
Oil & Gas
Renewables
Solar Energy Wind EnergyPolicy and regulationsPeopleHybrid PowerElectric
vehicles
Ind'l Goods/Svs
Construction
Engineering
Cement
Chem / Fertilisers
Metals & Mining
Packaging
Paper / Wood / Glass/ Plastic/ Marbles
Petrochem
Steel
Healthcare/Biotech
Biotech
Healthcare
Pharmaceuticals
Services
Advertising
Consultancy / Audit
Education
Hotels / Restaurants
Property / C'struction
Retail
Travel
Media/Entertainment
Entertainment
Media
More
TransportationRailwaysAirlines / AviationShipping /
TransportRoadwaysTechITESTech & InternetStartupsFundingTech BytesTelecomTelecom
NewsTelecom PolicyMiscellaneousCSRInitiativesPolicyEnvironment
Business News›Industry›Banking/Finance›Finance›How to Buy Dogecoin in Canada -
Beginners’ Guide

Back to Mediawire

HOW TO BUY DOGECOIN IN CANADA - BEGINNERS’ GUIDE

SECTIONS
How to Buy Dogecoin in Canada - Beginners’ Guide
MediawireLast Updated: Mar 10, 2022, 05:25 PM IST

Dogecoin has risen to prominence over the past 12 months, after rising over
1000% in mid-2021. This huge price move attracted millions of investors and
helped Dogecoin become a popular coin in the crypto market.

If you want to learn more about how to buy Dogecoin, then read on for our full
article on how to buy Dogecoin in Canada. We will cover how to buy Dogecoin,
where to buy Dogecoin in Canada, and other useful tips and insights.

How to Buy Dogecoin in Canada - Four Quick Steps

Let’s take a quick 4 step look at how you can buy Dogecoin today

1. Open a Bitbuy account – Visit the official website and follow the onscreen
prompts.

2. Deposit funds – To buy Dogecoin, you must first fund your Bitbuy account with
your selected currency.

3. Search for Dogecoin – Navigate to the search bar and type in Dogecoin.

4. Buy Dogecoin – Fill out an order form to add Dogecoin to your portfolio.

Where to Buy Dogecoin

Now we have taken a brief look at the four key steps to buying Dogecoin. We are
going to take a closer look at some of the best places to trade crypto. We will
be covering Bitbuy, Crypto.com, and Binance, and will cover the pros and cons of
each.

1. Bitbuy

Bitbuy is a Canadian crypto exchange and was founded in 2016. It is a great
broker option for beginners as it requires very little experience, and trades
can be made quickly and easily through the Express Trade function. What’s more,
it is available on both iOS and Android, and the app is very easy to use.

Bitbuy supports 15 of the most popular cryptocurrencies, including Dogecoin.
This is a great point to consider if investors are looking to build diversified
portfolios. Whilst the app and website are simple to use, Bitbuy offers more
advanced charts via its integrated Trading View feature. This is great for a
more technical analysis of coins and price movements.

Bitbuy is also well regulated, offering comprehensive crypto-insurance via its
partnership with BitGo Trust. This is a high security, purpose-built, qualified
custodian for storing crypto assets. All crypto held in Bitbuy wallet is comes
under the BitGo insurance policy which means investors can trade with peace of
mind.

In terms of fees, Bitbuy charges 0.2% commission either side of Express Trades.
When withdrawing CAD from your Bitbuy account, you will incur a 1.5% fee. The
same fee also applies when depositing funds into your account. However, crypto
is free to deposit.

Buy Dogecoin in Canada at Bitbuy.

Invest responsibly.

2. Crypto.com

Founded in 2016, Crypto.com has grown to accommodate over 10 million users. It
sports a whopping 250 coins for users to pick from, which is a great point to
consider. The homepage is easy to navigate around, making it a great choice for
beginner investors. However, the charts offered are very simple and aren’t great
for more technical analysis.

Crypto.com is very secure, using various security measures to protect your
crypto. For example, all accounts come equipped with multi-factor authentication
(MFA). In addition to this, it also works with banks to provide up to $250,000
insurance via the FDIC Scheme in the US.

In terms of fees, Crypto.com is in the middle ground of brokers. New users will
pay around the 0.4% mark monthly if they are trading volumes less than £25k.
However, these fee rates fall when users place more trades, which is great if
you are an avid crypto day trader performing dozens of daily trades.

Buy Dogecoin in Canada at Crypto.com.

Invest responsibly.

3. Binance

Our third and final best broker to buy Dogecoin with is Binance. It is the
world's largest crypto exchange, giving users access to over 500 crypto pairs.
It is easy to set up a Binance account by visiting the online website, or
smartphone app. In addition to this, Binance offers a minimum deposit of just
$10, which is a great point to consider.

Binance is also a highly secure exchange, offering some of the most up-to-date
security mechanisms. For example, each time you log in to your Binance account,
you must pass an identity verification process. Binance also offers a plethora
of educational resources which can be great for beginner investors. In addition
to this, more advanced trading views can also be selected.

Regarding fees, Binance charges a 0.5% commission fee on either side of a trade.
If you want to deposit funds using a credit card, then users will incur a hefty
4.5% fee.

Buy Dogecoin in Canada at Binance.

Invest responsibly.

Ways of Buying Dogecoin

In order to buy Dogecoin, users will first have to deposit funds into their
crypto account. Most popular exchanges offer users the chance to deposit funds
via a variety of payment methods. These will include debit/credit cards, wire
transfers, and e-wallets such as PayPal.

Buy Dogecoin with PayPal

To buy Dogecoin with Paypal, you must set up an account with a broker and also
have a funded PayPal account. When it asks you for Payment options, select
PayPal and your funds will come from your PayPal account.

Buy Dogecoin with a credit card or debit card

To buy Dogecoin with a credit card or debit card, simply select this option at
the deposit stage. Users should be aware that sometimes credit card deposit fees
are significantly higher than debit cards and e-wallets.

Is Dogecoin a Good Investment?

Popularity

Dogecoin started as a ‘meme coin’ with little to no real-world value. However,
after it began to gain popularity, big names such as billionaire business
magnate and Tesla CEO Elon Musk began to hop on board the hype train. As such,
there is a very strong community that backs the coin.

In Q1 2022 Elon Musk posted on Twitter that Tesla would accept DOGE as a form of
crypto payment for its merchandise.

Infinite supply

One point to note about Dogecoin is that there is an infinite supply. At
current, around 10,000 DOGE are mined every day, with a current supply of
132.7bn DOGE. Using basic supply and demand economics, this doesn’t bode well
for the future price of DOGE.

Coinbase rating

Although the above point may seem negative, DOGE is still the 9th most popular
coin on Coinbase, with a 65% buy rating. What’s more, in the last 24 hours the
trading volume increased by 21%, highlighting investor interest.

Dogecoin Price

The current Dogecoin price is £0.09 GBP / $0.12 USD / $0.15 CAD, which is up 2%
for the week, and almost 40,000% since its inception in 2014.

Dogecoin Price Prediction

With an unlimited supply, it seems hard to see how DOGE prices will rise in the
future. However, this has not stopped the coin from making crazy moves in the
past few years. The future price will likely depend on two factors – how the
coins mining trends evolve over the next few years, and how the broader crypto
industry grows and develops.

If mining continues to grow at such a large rate, the supply of DOGE may grow to
a point where the coin starts losing value. Obviously, this would hurt the
trajectory of DOGE’s future. At current, the crypto market is in a bearish spot,
and hence DOGE is far off of its all-time high of £0.53. As the market recovers,
more interest will be cast back onto DOGE, and hence the price could rise
accordingly.

Conclusion

Dogecoin has proved itself a highly profitable investment over the past few
years, making huge strides in the crypto market, and growing to an enormous
market cap. The future of the DOGE price will depend on how meme coins fair
against higher utility coins, and also how the crypto space evolves more
broadly.

Want to buy DOGE? We recommend doing so through our selected exchange Bitbuy. It
is highly secure, offers crypto-insurance, and is available on iOS and Android.
What’s more, it has low fees and is great for beginners. If you are interested
in setting up a Bitbuy account, simply head over to the website to get started.

Buy Dogecoin in Canada at Bitbuy.

Invest responsibly.

Disclaimer:

The above content is non-editorial, and BCCL hereby disclaims any and all
warranties, expressed or implied, relating to it, and does not guarantee, vouch
for or necessarily endorse any of the content. Crypto/NFTs are unregulated,
highly risky, and there may be no regulatory recourse for any loss from such
transactions. Readers to exercise caution/due diligence, and comply with all
applicable laws, including but not limited to taxation laws. Above content does
not constitute investment advice nor promotes, suggests or presents Crypto/NFTs
to solve financial difficulties/achieve financial security/act as an alternative
to employment/income opportunity.

Video Player is loading.
Play Video
Play
Unmute

Current Time 0:00
/
Duration 50:39
Loaded: 1.02%

00:00
Stream Type LIVE
Seek to live, currently behind liveLIVE
Remaining Time -50:39
1x
Playback Rate

Chapters
* Chapters

Descriptions
* descriptions off, selected

Captions
* captions settings, opens captions settings dialog
* captions off, selected

Audio Track
* default, selected

Picture-in-PictureFullscreen

This is a modal window.

Beginning of dialog window. Escape will cancel and close the window.

TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque
Font Size50%75%100%125%150%175%200%300%400%Text Edge
StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional
Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall
Caps
Reset restore all settings to the default valuesDone
Close Modal Dialog

End of dialog window.

Disclaimer: Content Produced by CryptoPR

(Catch all the Business News, Breaking News Events and Latest News Updates on
The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business
News.

...moreless

ETPrime stories of the day

Recent hit

Injectables and domestic foray: the two prongs of Aurobindo Pharma’s fix for a
financial quirk

10 mins read
Investigation

How a web of ‘related parties’ gamed the IBC process of a Tayal group firm to
con PNB, BoI, UCO Bank

12 mins read
Renewables

Vikram Solar IPO: PLI scheme can light up things. Spoilers: rising debt, falling
profitability

9 mins read

Subscribe to ETPrime

POPULAR IN BANKING/FINANCE

* Mortgage lender HDFC announces merger with HDFC bank
* HDFC Bank-HDFC merger: After 45 years, we have found a home in our own
company, says Deepak Parekh
* L&T Finance sells Rs 3463 crore NPAs to Phoenix ARC
* Bad loan concerns have been proven to be overblown: SBI
* Nearly 8 years ago, a RBI notification had triggered possible HDFC-HDFC Bank
merger talks

Top Trending Industry Terms

* Colliers IndiaTelecom newsBanking newsFinance news
* Auto News

economictimes.indiatimes.com Open in urlscan Pro 2a02:26f0:6c00:1ab::216f Public Scan

Form analysis 0 forms found in the DOM

Text Content

economictimes.indiatimes.com Open in urlscan Pro
2a02:26f0:6c00:1ab::216f Public Scan

Form analysis
0 forms found in the DOM