How to buy Dogecoin in India? Here is the step by step process you can use to buy DOGE

The cryptocurrency market has been blowing up over the previous couple of months as Bitcoin, Ethereum, Dogecoin and plenty of different cryptocurrencies hit report excessive costs. Dogecoin has particularly gone up greater than 5 occasions its worth since the starting of April, from Rs.5 at the starting of the month to Rs.25 at the second. Dogecoin began out as a meme cryptocurrency. However, pushed by the energy of social media and memes, at this time Doge has turn out to be certainly one of the hottest cryptocurrencies on the planet. Read on to know extra about dogecoin and the way to buy dogecoin in India. 

What is Dogecoin?

Dogecoin is a cryptocurrency that was initially fashioned in 2013. Doge was constructed to be a pleasant introduction to the idea of cryptocurrency for the common public/layman and had a ‘enjoyable and pleasant’ model picture behind it.  The face of DOGE was the canine Shiba Inu, who grew to become well-liked as the DOGE meme. It actually grew to become a ‘meme cryptocurrency’. Nobody in the early years believed DOGE would turn out to be as worthwhile because it is at this time.

However, Dogecoin grew in reputation due to the group surrounding it was large they usually principally made DOGE appear to be the cash of the future. Popular celebrities like Elon Musk additionally supported and joked round about Dogecoin. More than something, DOGE helped to unfold consciousness about the worth and significance of blockchain know-how and cryptocurrency amongst tens of millions of individuals worldwide. Today, Dogecoin has turn out to be certainly one of the hottest cryptocurrencies. At the time of writing this text, the Dogecoin worth stands at Rs. 25. 

Source: WazirX and Coinswitch App

How to buy Dogecoin in India?

Buying and buying and selling cryptocurrencies had been unlawful in India till 2018 when the Supreme Court determined to legalise it. Since then, the crypto trade in India has boomed and tens of millions of Indians have invested in crypto. Buying crypto can be an advanced process, however there are crypto exchanges that make shopping for crypto pretty straightforward for a layman. Crypto exchanges are apps/web sites like Binance or Robinhood that permit common individuals not aware of buying and selling to make investments in crypto in a reasonably straightforward method by investing their fiat foreign money. In India, individuals can buy Dogecoin by way of many exchanges equivalent to Coinswitch Kuber, WazirX, CoinDCX. Follow the given steps to buy Dogecoin. 

  • Install a reputed Indian crypto change equivalent to Coinswitch/WazirX/CoinDCX/Bitbns/Zebpay. Make positive you do your analysis earlier than you choose selecting an change. 
  • Set up your account by registering and verifying your KYC. Make positive you allow 2 Factor authentication to make your app tremendous safe. 
  • Add your financial institution particulars/UPI particulars to the app. You can add cash to the change as soon as your financial institution particulars/UPI are registered. 
  • Once the cash has been deposited into change, you can use it to buy Dogecoin, or another cryptocurrency obtainable for buy. Refer to the above screenshots for a extra detailed look. 


Image Source: Shutterstock

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About the Author: Daniel