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Dogecoin was initially created as a joke by its founders, Billy Marcus and Jackson Palmer (a product manager at Adobe) in late 2013. Inspired by sarcastic memes and internet jokes, the software programmers based the cryptocurrency on a popular meme at the time which featured a Shiba Inu dog misspelled with the name “doge”.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Dogecoin's History
Like other cryptocurrencies, Dogecoin can be volatile and experience significant swings. However, when looking beyond those price fluctuations, Doge has made significant progress since its launch in 2013; even becoming one of the most popular cryptocurrencies by market cap (market cap is the total value of all the coins that have been created). The goal of Dogecoin is to become a spending currency used worldwide to pay for goods and services. Dogecoin’s quick transaction speeds and low price set it up nicely for this endeavour. Some investors appreciate Dogecoin’s quick transaction speeds, lack of centralized authorities and its potential opportunity of major adoption (thanks in part to the support of big names like Elon Musk)
What Makes Dogecoin Unique?
Dogecoin is a cryptocurrency that has received significant adoption despite going against all norms. It’s appeal is simple. It’s a fun name, a unique story, and has solid fundamentals that make it a unique and exciting cryptocurrency investment. Doge’s past performance is impressive too. A six-month stretch between early November 2020 and early May 2021 saw the price of the Dogecoin increase by over 27,000%. Obviously, past performance is not indicative of future performance, but it is clear that Dogecoin has caught the eye of investors around the world who are betting on its future.
Whats The Difference Between Dogecoin and Bitcoin?
At their cores, Dogecoin and Bitcoin share many similarities. For starters, they both aim to act as a global currency. They also use the same proof-of-work protocol. In other words, they create new coins by solving difficult computational problems. Those who solve the puzzles get rewarded new coins, thus releasing new coins into the ecosystem. However, the two coins have some significant differences, which are important to note when deciding which one to invest in.
How Much Dogecoin Can I Buy?
You don’t need to buy a lot of DOGE to get started! Our minimum purchase amount is 34 DOGE. Enabling anyone to gain exposure no matter how many dollars they have to invest.
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy DOGE in Canada.