Dogecoin Price CAD
What is Dogecoin (DOGE)?
Dogecoin (DOGE) launched in late 2013 by software engineers, Billy Marcus and Jackson Palmer originally to poke fun at all the new altcoins popping up at the time. Dogecoin features the face of the Shiba Inu dog from the "Doge" meme as its name and logo.
The notion behind creating the meme-inspired cryptocurrency was to reach a broader demographic than Bitcoin and was also “fun” to use.
Fast forward to 2021 and Dogecoin has earned cult status thanks mainly to message boards on Reddit and tech billionaire, Elon Musk, whose supportive Tweets to his 50 million followers brought the currency to the masses. The subsequent rise in DOGE’s value was dubbed “The Musk Effect.”
Unlike many other cryptocurrencies, such as Bitcoin, there is no limit on the number of Dogecoins that can be created. Exactly five billion new Dogecoin enter circulation every year which leaves the currency susceptible to devaluation as supply increases.
Originally started as a “joke”, Dogecoin has grown to consistently be in the top 10 cryptocurrencies in terms of market capitalization.
How to Buy Dogecoin (DOGE) in Canada
Buying Dogecoin (DOGE) in Canada as well as other digital currencies is simple and secure with Bitbuy. Here’s how it works:
- Create Your Account: When you sign up to create an account on Bitbuy, you will be asked to confirm your email address, phone number and verify your identity.
- Add Funds: Before you can buy Dogecoin in Canada, add funds to your account directly with Interac eTransfer or Bank Wire.
- Buy and Sell Dogecoin : Once you’ve sent money to your account, you can buy Dogecoin instantly. Bitbuy also makes it easy to sell Dogecoin in Canada. Exchange your Dogecoin for CAD and withdraw the funds back into your bank account.
The Best Place to Buy Dogecoin (DOGE) in Canada
Bitbuy is one of the best and safest place to buy Dogecoin (DOGE) in Canada. Here is why:
Safe and Secure
Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 95% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. The core of our mission at Bitbuy is making you feel safe that your digital currency is protected!
The Lowest Fees
Bitbuy offers some of the lowest buy and sell fees available in Canada. You can check out our trading fees and processing times before you sign up.
Award-winning Customer Support
Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and convenient.
Our customer support is one of the big differences between Bitbuy and other exchanges. You can talk to a real person over email or on the phone. It’s an essential part of simplifying cryptocurrency for everyone.
Interac eTransfer is the most popular way to pay online in Canada. Canadians want to buy Dogecoin with Interac, but banks don’t make it easy. Bitbuy exists to simplify the process when you want to buy Dogecoin in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.