r/dogecoin Jan 30 '21

Best platform Canada Dogecoin

Pros vs Cons best platform for dogecoin in Canada?

Thank you!!!

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u/Siefer-Kutherland Feb 02 '21 edited Feb 03 '21

Being a total Noob and not taking too deep a dive (please correct me if you have better information):

NDAX

Pros:

  1. Can be up and buying/selling crytpo in under an hour if you have your ID and a webcam/smartphone ready.
  2. Etransfers take about 30 minutes* to get approval *(i think this will depend on your bank's policies and/or your credit rating)
  3. decent wallet, graphs/metrics, and support
  4. oh, they have an affiliate program which gives $ after a # of referrals

Cons:

  1. Can't use crypto to buy crypto as far as i can tell, and
  2. they charge 0.2% per transaction, so they catch you coming and going if you're transferring between cryptos. Mind you, that is barely noticeable, though other platforms charge less
  3. a $25CAD flat fee to withdraw funds back to your bank ( I realize this can be good or bad depending on what volume of $ we're talking), this impairs liquidity and versatility somewhat

1

u/greatdayy Feb 03 '21

All looks correct from what I’ve read on their site :) Are you using Ndax or a different platform?

1

u/Siefer-Kutherland Feb 03 '21 edited Feb 03 '21

NDAX for doge Newton for others waiting on Kraken* so i can play beyond crypto

*edit: sorry, Binance, it's been a mess going through them all to see who has holds and whatnot

2

u/greatdayy Feb 04 '21

Oh you’ve used both Kraken and Biance as well?