How To Buy Dogecoin In India 2021?

How To Buy Dogecoin In India 2021?

How to purchase Dogecoin in India. Dogecoin is one of the world’s most popular cryptocurrencies. Dogecoin can be purchased using cryptographic exchanges.

In the last few months, the cryptocurrency market has blown up, with Bitcoin, Ethereum, Dogecoin and many more cryptocurrencies reaching high price records. Since the beginning of April Dogecoin has increased its price significantly more than 9 times, from Rs.5 at the beginning of the month to Rs.76 in the first week of May 2021.

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Dogecoin began as a cryptocurrency meme. But powered by the power of social media and memory, Doge today is one of the world’s most popular cryptocurrencies. Read more about dogecoin and how to purchase dogecoin in India.

What is Dogecoin?

Dogecoin is an innovative cryptocurrency launched in 2013. Doge was designed to be a friendly introduction to the general public/layman bitcoin notion and it had a “fun and friendly” brand image behind it. DOGE’s face was Shiba Inu, a dog renowned as the DOGE meme. It became a ‘meme cryptocurrency’ literally. None thought DOGE would become as valuable as it is today in the early years.

But Dogecoin became increasingly popular since the surrounding community was huge and fundamentally DOGE seemed like the money of the future. People like Elon Musk also endorsed Dogecoin and joked around it. More than anything, DOGE contributed to raising awareness among millions of individuals worldwide of the significance and importance of blockchain technology and cryptocurrencies. Dogecoin is now one of the most popular cryptocurrencies. As I am writing the Dogecoin price is at Rs. 42.8.

How to buy Dogecoin in India?

Cryptocurrencies were purchased and traded in India until 2018 when the Supreme Court decided to legalise them. The crypto sector has expanded since, with millions of Indians investing in cryptography. Crypt buying may be a hard process, but the crypt exchange makes it easy for a layman to buy a crypt.

Crypto exchanges are apps/websites like Binance or Robinhood that allow average consumers to be unfamiliar with trade to easily invest in crypto by investing in their fiat cash. People may buy Dogecoin in India through numerous exchanges, including Coinswitch Kuber, WazirX, CoinDCX. Follow the instructions to purchase Dogecoin.

  1. Install a reputable indigenous cryptography exchange like Coinswitch/WazirX/CoinDCX/Bitbns/Zebpay.
  2. Before you decide on an exchange, make sure you complete your research. (I recommend WazirX)
  3. Set up your account with your KYC registration and verification. Enable 2 Authentication Factor to make your app very safe.
  4. Add your bank details/UPI information to the app. You can add money to the exchange once you have entered your bank details/UPI.
  5. You can use the money to buy Dogecoin, or any other cryptocurrency accessible for buying, once the money has been deposited in exchange.

How To Buy Dogecoin In India 2021?

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Rajat Singh
Rajat Singh is the chief Author at Bioinformatics India, he has been writing for the past 3 years and has a special interest in SEO, Technology, Health, Life Sciences and gaming.

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