Happy Dogecoin Day 2021

April 20, 2021
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April 20, 2021
Happy Dogecoin Day 2021

Happy Dogecoin Day! In honour of the internet's favourite digital asset, we take a look at Dogecoin (DOGE) and how to buy it in Canada using Newton.

Billion-dollar market activity? Shout-outs from Elon Musk? An enigmatic presence? We're not talking about BTC or Satoshi... baby, we're talking Dogecoin (DOGE). In the eight years since DOGE crashed the party, the coin has only continued to grow in popularity and scale.

Much market-cap. Wow.

DOGE was created in 2013 by IBM engineer Billy Markus and Adobe software engineer Jackson Palmer, who wanted to create a Bitcoin alternative that was intended to be diametrically opposed to the serious, volatile and controversial atmosphere surrounding cryptocurrency at the time. Yet what started as a light-hearted gag has in 2021 developed into something much more serious; Already this year DOGE has seen price jumps of 800%/24h and even briefly beat out XRP in overall market-cap at $54 Billion USD.

"People are talking about Dogecoin going to $1 - that would make the 'market cap' larger than actual companies that provide services to millions, such as Boeing, Starbucks, American Express, IBM. Does Dogecoin deserve that? That is not something I can comprehend, let alone answer."
Billy Markus | Co-founder of DOGE (from "True value - an open letter from Billy Markus, co-founder and original creator of Dogecoin", via Reddit).

Can I has DOGE on Newton?

While not directly available on Newton, there are good reasons to use Newton as part of a process to purchase DOGE.

Buy Doge faster

It can take up to 4 days to transfer fiat funds to an exchange. With Newton, simply purchase an amount of stablecoin and send directly to an exchange that carries DOGE (like Kraken or Binance).

Avoid the fees from major exchanges

Some exchanges charge steep fees for withdrawals and transactions. With Newton there are no marked-up fees for funding or withdrawals, so you can save your money for even more DOGE.

Newton is simple and easy-to-use

With Newton we focus on making your crypto experience fast, safe and easy. That means a beautiful experience that works, backed by Canada's best prices for crypto.

How to buy Dogecoin (DOGE) in Canada using Newton

Step 1

Log-in or sign-up for Newton and easily verify your account. Newton is Canada's first no-fee crypto platform, used and trusted by thousands of Canadians every single day. Newton is available on the App Store, Google Play Store and as a Web App.

Step 2

Add funds to your Newton account via one of our quick and easy funding methods. We recommend using Interac® e-Transfers for quick and easy transfers you can approve from your inbox.

Step 3

Purchase an amount of a stablecoin on Newton worth the value of the amount of DOGE you want to purchase.

ℹ️ Why use stablecoins? We recommend using stablecoins like USDC or QCAD as they don't fluctuate in price like BTC or ETH. If the price of a coin you were using to purchase DOGE spiked or dropped as you were going through your purchase, your final amount of DOGE could be affected.

Step 4

When you're ready, you can transfer the token you purchased on Newton to your exchange of choice (like Kraken or Binance). Once the transfer is completed, you'll be able to trade DOGE to your heart's content.

Step 5

Now brag to your friends and post on your social media channels! (@ us too while you're at it @newton_crypto)

Now that you're a Dogecoin expert, explore all the other coins Newton has to offer. BTC, ETH and more, all at Canada's best prices. Happy trading!

We're always adding new coin pairs – If you have a pair you'd like to have support for, let us know! support@newton.co
This material is for informational purposes only, and is not intended to provide, and should not be relied on for financial advice. Please consult your own financial advisors before engaging in any transaction.
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