How to buy Dogecoin in India? Here’s the step-by-step process you can use to purchase a DOGE
The cryptocurrency market has exploded in the past two months, with Bitcoin, Ethereum, Dogecoin and many other cryptocurrencies hitting all-time highs. The price of Dogecoin, in particular, has increased by more than 5 times since the beginning of April, from 5 rupees at the beginning of the month to 39.40 rupees today. Dogecoin began as a meme cryptocurrency. However, fueled by the power of social media and memes, today Doge is one of the most popular cryptocurrencies on the planet. Read on to learn more about Dogecoin and how to buy dogecoin in India.
What is Dogecoin?
Dogecoin is a cryptocurrency that was originally formed in 2013. Doge is designed to be a friendly introduction to the concept of cryptocurrency to the general public and has a “fun and friendly” branding image behind it. The face of DOGE was the face of Shiba Inu’s dog, best known by the nickname DOGE meme. It literally became a “crypto meme”. Nobody in the early years thought DOGE would be as valuable as it is today.
However, Dogecoin grew in popularity as the surrounding community was huge and basically made DOGE look like the money of the future. Celebrities like Elon Musk also endorsed and joked about Dogecoin. More than anything else, DOGE has helped spread awareness of the value and importance of blockchain technology and cryptocurrencies among millions of people around the world. Today, Dogecoin has become one of the most popular cryptocurrencies. At the time of writing, Dogecoin is priced at Rs. 39.40.
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How to buy Dogecoin in India?
Buying and exchanging cryptocurrencies was illegal in India until 2018 when the Supreme Court decided to legalize it. Since then, the cryptocurrency industry has boomed in India and millions of Indians have invested in cryptocurrencies. Buying cryptocurrencies can be a complex process, but there are cryptocurrency exchanges that make purchasing cryptocurrencies very easy for the average person. Cryptocurrency exchanges are apps / sites like Binance or Robinhood that allow ordinary people who are unfamiliar with trading to invest in cryptocurrencies in a fairly easy way by investing their fiat currency. In India, people can buy Dogecoin through various exchanges such as Coinswitch Kuber, WazirX, and CoinDCX. Follow the described steps to buy Dogecoin.
Install a popular Indian crypto exchange like Coinswitch / WazirX / CoinDCX / Bitbns / Zebpay. Make sure to do your research before deciding on a trade.
Set up your account by registering and verifying with your KYC. Make sure to enable two-factor authentication to make your app extremely secure.
Add your bank account details / UPI details to the app. You can add funds to the exchange simply by registering your bank / UPI details.
Once the money is deposited on the exchange, you can use it to buy Dogecoin or any other cryptocurrency available for purchase. Please refer to the screenshots above for a more detailed view.
