What is Dogecoin?
Dogecoin is a
cryptocurrency like Bitcoin formed in 2013 with the face of a popular Internet
meme in 2013 as a parody of other crypto coins. This Dogecoin was never meant to
be taken seriously over the years, then the cryptocurrency exploded. At the
start of this year, Doge coins price was around 0.005 cents. But now, it has skyrocketed
to over 8000%. Ironically this year, so much money has been invested into Dogecoin.
If you would have invested 100$ into it in January, you’d be a millionaire
today. Nobody in the early years has thought that Dogecoin would become as
valuable as today.
In recent times,
Dogecoin gained celebrity support from celebrities like Elon Musk, Snoop Dogg,
Gene Simmon, and others.
that there is an unlimited supply of coins. The prices of Dogecoin reached a peak.
Now Dogecoin is the fourth-largest cryptocurrency by market capitalization. But
one thing you need to remember that Cryptocurrencies aren’t regulated like
stocks and bonds, and their prices are known to be volatile.
The surge is due to Elon
Musk’s recent tweets about the Dogecoin currency. Moreover, Dogecoin helped spread
awareness about the importance and value of blockchain technology and cryptocurrency
among millions of people worldwide.
At the time of writing
this post, The Dogecoin price in India is Rs.42/-
Elon Musk’s recent tweets on Dogecoin:
How to Buy Dogecoin In
India?
Here’s a complete
step-by-step guide on how to buy Dogecoin in India:
In India before 2018,
buying and trading cryptocurrencies are illegal. In 2018 Indian Supreme Court decided to legalize
cryptocurrency in India. After the
legalization of Cryptocurrency in India, millions of Indians have invested in
crypto coins. Buying crypto coins is a complicated process. But with some
crypto exchanges, which makes it easier to invest in crypto coins. Robinhood
and Binance are the top crypto exchanges that allow people to purchase and
invest in crypto coins straightforwardly.
There are several Crypto exchanges in India
where you can purchase almost all cryptocurrencies through these Crypto
exchanges. Best Crypto exchanges to buy and sell cryptocurrencies in India are:
1. WazirX
3. Zebpay
4. CoinDCX
5. UnoCoin – The OldestCrypto Exchange in India.
These are the best
Crypto Exchanges in India in 2021.
In India, people can buy
Dogecoin using these Crypto Exchanges. Follow the below steps to buy Dogecoin
in India:
The steps for buying
Dogecoin in India is same for almost every Crypto Exchanges apps. In this
article, I’m showing you guys how to buy Dogecoin in the WazirX app.
A step-by-step guide to buy Dogecoin in India by WazirX:
1. Download and Install
the WazirX app from Google Play Store.
2. After Installing,
open the WazirX app.
3. After that, you need
to login into your account. If you don’t have a WazirX account, you need to
create a new one and verify it. Follow the below steps to create a new WazirX
account and to verify it.
How to Create a WazirX
account:
3.1. Open the WazirX app
and tap on the profile icon on the top left side of the screen.
3.2. Here, you’ll see
the login option.
3.3. Now click on Signup
and enter your login credentials and verify your email id.
3.4 After that, you need
to enable two-factor authentication to make your account more secure.
That’s it.
4. Now, you need to
complete your KYC to trade crypto coins.
5. For KYC purpose, you
need to upload your PAN frontside photo, Aadhaar Card front and backside photo,
and your selfie with an Aadhaar card holding in your hand.
6. After filling in all
the KYC details, tap on Submit. It’ll take 2-3 business days to approve your
KYC.
In my case, My KYC gets
verified in less than a day.
7. After KYC completion,
you can now start trading on the WazirX app.
8. To buy Dogecoin, Tap
on the “Buy” button next to Dogecoin.
9. Now, it’ll ask you to
enter the amount. Here, enter the amount of how much you want to trade on
Dogecoin.
10. After entering the
amount, tap on “Preview Dogecoin Buy.”
11. Now, you need to deposit
money to buy Dogecoin.
Two payments method will
be available to deposit money.
For fast and secure
deposits, select “Instant Deposit” and enter your bank details like account
number, IFSC code, and account type.
That’s it….
After deposit, you can
trade Dogecoin. This is how you can buy Dogecoin in India.
