What is Dogecoin (DOGE)?
Dogecoin is a well-known cryptocurrency that trades using the ticker symbol DOGE. It uses the Scrypt algorithm and Proof of Work for mining new coins, similar to Bitcoin mining. Dogecoin was founded in 2013. Dogecoin features the face of the Shiba Inu dog from the DOGE meme as its logo. You can buy and sell DOGE for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade DOGE for BTC the same way you trade CAD for USD. You can also trade DOGE to CAD based on the DOGE price. To learn how to buy Dogecoin / DOGE, scroll down to see how to buy Dogecoin.
How to buy Dogecoin (DOGE)?
Here's how to buy Dogecoin on Coinsquare
To buy Dogecoin, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying DOGE. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select DOGE from the list on the trade section
Coinsquare lets you trade DOGE without leaving the app. You can also check the Dogecoin price and convert DOGE to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the DOGE price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Dogecoin (DOGE)
Congratulations! You’re now the proud owner of DOGE. You can either HODL or use it to exchange DOGE to CAD.
Where do I keep my Dogecoin (DOGE)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add Dogecoin (DOGE) to your portfolio?
Create your account, fund it with spare change and get a little bit of DOGE.
