Since its creation in 2013, Dogecoin (DOGE) has been the favorite meme coin on the internet, as it has been able to go far. Dogecoin has developed its own following and attracted high-profile figures such as Elon Musk since it was once considered a parody of Bitcoin. For Canadians who would like to purchase Dogecoin with a debit/credit card, it is now simpler and more accessible than ever before, specifically, with exchanges such as Bitget that have fast, safe, and convenient methods for how to buy doge in canada.
This article guides you through the intricacies of exchanging Doge coins in Canada using a credit or debit card balance, how to select a suitable platform, and how to successfully complete your transaction to secure your DOGE safely.
Reasons to Purchase Dogecoin Using a Credit or Debit Card
Dogecoin credit card purchases can be one of the quickest and easiest ways to get into the cryptocurrency market. With a card, you can buy crypto almost immediately, unlike with bank transfers or peer-to-peer (P2P) trading. It is the best option to consider when introducing new Canadians to crypto or when in need of speed and simplicity. The majority of crypto exchanges also support Visa or Mastercard payments, and most crypto exchanges integrate with payment gateways such as Apple Pay or Google Pay.
It should be mentioned, however, that purchases made with a card can be associated with slightly increased fees as compared to other payments. Nevertheless, convenience and speed are more than enough to persuade a majority of buyers to accompany the surcharge.
Pick a Trusted Exchange to Accept Card Payments
Buying Dogecoin with your credit or debit card in Canada would first require you to choose a cryptocurrency exchange that supports DOGE purchases against credit and debit cards. Among the most preferred ones of the Canadians is Bitget. It provides a seamless experience, fast KYC (Know Your Customer) validation, and various payment methods such as Visa, Mastercard, Apple Pay, and Google Pay. The site is licensed and lawfully accessible in Canada, and thus a good option among the locals.
Linking Your Credit or Debit Card
Once you have your Bitget account in place, go to the bottom labelled Buy Crypto. Having that, you can choose the credit card or debit card option. Bitget simplifies this process by enabling it to be done through just a click by clicking on the icon to add a new card and inserting your card data, such as the card number, expiry date, CVV, and billing address. As an addition to security, you could be required to confirm a transaction through two-factor authentication or OTP (one-time password) of your bank.
Bitget accepts the majority of large standard Canadian credit and debit cards. The payment is made on reliable third-party payment gateways such as Banxa, Simplex, and Mercuryo, which encrypt and secure your data.
Choose the DOGE and Add How Much You Want to Buy
Your card is now connected, and now it is time to choose the crypto you would like to buy, in this example, Dogecoin. You can find DOGE on the interface of Bitget by searching under supported coins and then inputting how many Canadian dollars you want to spend. The site will display the current conversion rate and how many DOGE you will get.
Check the particulars of your purchase before accepting to go through with the transaction. This entails the cost of each coin, charges (where applicable), and approx. The time it will take. Card payments with Bitget usually take several minutes, and your DOGE will appear in your spot wallet a few minutes after a payment confirmation.
Check Your Wallet and Keep DOGE Safely
After your transaction is settled, log on to the Assets section on Bitget and ensure the DOGE has reflected in your spot wallet. Potential traders and sellers are encouraged to keep their Dogecoin on the exchange since it is used to enable trading on a short-term basis. Nevertheless, for long-term holders, it is wiser to move DOGE to a personal wallet (like Trust Wallet or some other Ledger).
Conclusion
Purchasing Dogecoin in Canada through a credit card or a debit card is quick, simple, and accessible to all beginners- particularly when they employ websites such as Bitget. This may require an average of just 10 minutes to set up an account and make a purchase. Now with fast verification, live pricing, and numerous payment options, Canadians are able to buy DOGE within a few clicks.
You may be looking to purchase Dogecoin because you want to be part of the meme, you want to make a speculative investment, or you want to diversify your investment across cryptocurrency, but something that sets this apart as one of the most open means of entry is your credit or debit card. Simply do your homework, invest in something you can afford to lose, and NEVER do high-risk, high-reward.
