How to Buy Dogecoin in Canada

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Buy dogecoin Canada

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Dogecoin is an open-source peer-to-peer digital currency. It's a Litecoin fork created in 2013 as a joke and meme coin. Convert DOGE to CAD.

It has remained a popular currency for tipping and online communities.

This is a step-by-step guide on how to buy Dogecoin in Canada. I compare buying DOGE on Newton and NDAX.

Platform DOGE Spread Fee CAD Deposit Fee DOGE Withdrawal Fee
Newton ~1.5% - 1.6% Free (Interac) Free Lane (nightly)
NDAX 0.20% Free (Interac) Flat ~5-10 DOGE
Netcoins ~1.25% - 1.5% Free (Interac) Network Fee
Wealthsimple ~1.5% - 2.0% Free (Bank / Interac) Network Fee

How to Buy DOGE on Newton

In this example, I will primarily be using Newton app screenshots.

To follow along on the desktop dashboard the icons to; 'Add Funds', 'Withdraw' and 'Trade' are on the right side.

1. Create and Verify Newton Account

Newton crypto desktop dashboard

You will need to prove your identity with KYC (know your customer) information like a drivers license.

This is required for FINTRAC (the Financial Transactions and Reports Analysis Centre), Canada's anti-money laundering and counter-terrorist financing (AML/CTF) organization.

Account verification approval can be done quickly or can take a few days.

Get $20 sign up bonus when you deposit and trade $100 or more on Newton

2. Add Funds

Click the green button.

Interac e-Transfers to fund your Newton account are usually the fastest and easiest method for most people to fund their accounts.

3. Trade

Exchange your $ CAD for the DOGE.

4. Withdraw DOGE to Your Wallet

Download a Dogecoin wallet or a multi-currency wallet like Trust Wallet or Exodus.

If you are downloading and setting up a software wallet for the first time - write down your 12 or 24 word seed phrase.

Keep it somewhere safe. Do NOT save it online or ever share it with anyone.

You will need your seed phrase to access your crypto funds or recover your wallet.

5. Copy 'Receive' DOGE Wallet Address

Open your wallet. I'm using Trust Wallet in this example.

Copy the Dogecoin 'Receive' address.

If you send crypto to the wrong address it will be gone forever and there is nothing you can do about it. You are responsible for your crypto.

6. Withdraw Crypto From Newton

Open Newton app and select: Withdraw > Crypto Wallet

Paste the wallet address or scan the QR code to send your Dogecoin to your wallet.

Tip
Confirm the first and last 4 digits of wallet addresses to make sure you copied and pasted the wallet address correctly.

Confirm the transaction and you should see your Dogecoin in your wallet almost instantly.

How to Buy Dogecoin on NDAX

NDAX is an easy way to buy DOGEcoin in Canada. Exchange Canadian Dollars $ CAD for DOGE. NDAX is based in Calgary, AB. Get a $10 sign up bonus in NDAX

NDAX has a lower spread fee than Newton but charges a network withdrawal fee on all cryptos.

1. Create and Verify NDAX Account

2. Fund Account

3. Trade $ CAD for DOGE

In the NDAX dashboard > select DOGE/CAD on the dropdown > enter $ amount or click max > Buy

NDAX dogecoin how to

4. Withdraw Doge to Your Wallet

Same steps as shown in the Newton example above to send and receive crypto to your own wallet.

Fee for Dogecoin withdraws on NDAX: 10 DOGE

How to Buy Dogecoin with Bitcoin

Most exchanges in Canada offer CAD to crypto trading pairs.

If you already own Bitcoin and want to exchange it for Dogecoin you can:

  1. Exchange it in your wallet (Exodus, Trust Wallet). The fees for this type of exchange are high, but it is easy.
  2. Find an exchange that offers a BTC to DOGE trading pair.

Buy dogecoin with bitcoin kraken

Some popular exchanges that offer Bitcoin and Dogecoin trading pair:

How to Buy DOGE on Wealthsimple Crypto

1. Download the Wealthsimple Trade App

Available for iPhone and Android.

2. Verify and Fund Account

This could take a few days to fund.

3. Choose: View Accounts > Crypto

4. Click: DOGE

5. Click: Buy

6. Click: Max or Enter $ Amount

To Sell Doge on Wealthsimple

Follow the steps above, but click the arrows icon to sell Dogecoin for $ Canadian dollars.

Wealthsimple: Can I Send DOGE to My Own Wallet?

Yes. Wealthsimple added crypto withdrawals a few years ago — you can now send DOGE to your own wallet.

DOGEcoin is a peer-to-peer digital currency. This means that you can hold (custody) your DOGE and send it to other people without the need of a third party.

Example
If you like this article you could send me a tip in DOGEcoin to my wallet address: DEjjUNLYfxxmhE3Hk7Gn3y8uhSgeQ4aBHr

I could then trade that DOGE for other cryptos like BItcoin or exchange it for Canadian dollars and send it to my bank account. Or send it to other people who want the DOGE.

There are positives and negatives to holding your own DOGE vs letting Wealthsimple hold it for you. You will have to figure out what works for you.

I think buying DOGE on a crypto exchange like Newton and sending it to your own wallet is a good way to learn about crypto.

What is Dogecoin?

Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer. It started as a joke based on the popular "Doge" Shiba Inu meme — and it was never meant to be taken seriously.

But it stuck around. Dogecoin has one of the most active online communities in crypto, and it got a massive boost in 2021 when Elon Musk started tweeting about it.

Technically, Dogecoin is a Litecoin fork that uses proof-of-work mining. Unlike Bitcoin, there is no supply cap — new DOGE is mined every day, which means it's inflationary by design.

Is it legal to buy Dogecoin in Canada?

Yes.

Frequently Asked Questions

Can I buy Dogecoin on Shakepay?
No. Shakepay only supports Bitcoin, Ethereum, and USDC.

Is Elon Musk the CEO of Dogecoin?
No. That is a joke. Elon likes the memes. Dogecoin doesn't have a CEO — it's an open-source project.

Is Dogecoin a good investment?
I don't know. It's a meme coin. Do your own research.

Will Dogecoin ever hit $1?
No one knows. It would need a market cap over $140 billion. Possible? Sure. Likely? I have no idea.

Can I buy Dogecoin through my bank?
Not directly. You will need to send an Interac e-transfer or wire transfer to Newton or NDAX from your bank.

Conclusion - Where to Buy DOGECOIN in Canada

Newton is the easiest exchange for beginners to buy Dogecoin in Canada.

Why I recommend Newton:

  • 75+ altcoins including DOGE
  • Low spread fees
  • Interac e-transfers for fast deposits and withdrawals
  • Send Dogecoin to your own wallet
  • Get a $20 Sign Up Bonus →

If you're buying larger amounts, NDAX has a 0.20% flat trading fee — much lower than spread-based exchanges.

You may also be interested in: How to buy Ethereum in Canada