Dogecoin, originally a joke cryptocurrency created in 2013, has gained significant popularity over the years, especially during the COVID pandemic.
Now, after the completion of the U.S. election, cryptocurrencies such as Dogecoin have now started surging again, bringing us back to the days when people rode their crypto rocketships during COVID (do you still have diamond hands?).
Just what the heck is “Doge”? Known for its Shiba Inu meme origins, Dogecoin is a decentralized cryptocurrency used for peer-to-peer transactions. If you’re in Canada and want to get started with Dogecoin, here’s a step-by-step guide using Wealthsimple, a reliable and beginner-friendly platform.
Wealthsimple is Canada’s first regulated crypto trading platform. It partners with secure custodians like Coinbase Custody and adds an extra layer of security with Coincover. This makes it a safe and easy option for buying Dogecoin. Also, Wealthsimple allows you to transfer crypto from external wallets seamlessly.
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Dogecoin isn’t just for fun. Some companies and websites accept it as a payment method, and it’s used for tipping creators online. For example, back in 2022, Tesla accepted Dogecoin as payment for some accessories on its website.
Elon Musk seems to be a big believer in Dogecoin and since the U.S. election, it has surged 200% in the past month alone, currently at $0.58 CAD per coin as of November 22, 2024. X also might be setting up Dogecoin as a way for users to send payments to each other. Instead of buying when Dogecoin was at $0.10 or lower, everyone wants to seem to jump on the coin as it’s spiking. Go figure.
Whether you’re new to crypto or already invested, Wealthsimple makes it easy to buy Dogecoin in Canada, plus Bitcoin, Ethereum and more.
Click here to sign up for Wealthsimple and start buying crypto today–but at your own risk. Cryptocurrency is extremely volatile and is akin to playing tables at Las Vegas casinos (you’ve been warned). This is not financial advice but an educational tutorial. Buckle up, folks.
P.S. – Wealthsimple has a promo right now where if you sign up and fund at least $1 into your crypto account, you will be entered into a contest to win 1 Bitcoin.
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Department of Government Efficiency Coin! That said, my World of Warcraft gold is worth some serious USD these days and it just keeps going up up up.
yikes. This is so sad, guess I’ll vote with my clicks and not come back for a while. Can’t support this