How To Buy Dogecoin In India – Guide

Dogecoin is a cryptocurrency that was started in 2013 as a scam by two software developers, Billy Markus and Jackson Palmer. A cryptocurrency is essentially a digital currency protected by cryptography, making it difficult to forge. In February 2014, Palmer removed the supply cap on Dogecoin, making the supply infinite. This should help encourage tipping and discourage people who stay. That means Dogecoins are being minted by the minute. In contrast, Bitcoin has a hard cap of 21 million units. Dogecoin’s popularity has reached a new level thanks to Elon Musk’s tweets about the Dogecoin digital token being the people’s cryptocurrency. ..

In addition to Musk’s numerous tweets in support of Dogecoin, he also changed his Twitter bio to “Former CEO of Dogecoin”. Also this week, Elon Musk, the father of Dogecoin, ignited a spark when he announced that his company Tesla is interested in making some purchasable goods with Dogecoins. The meme token rose 22% from $0.156 to $0.195 seconds after the disclosure. One of the main use cases to know about Dogecoin is its usefulness in transactions. Meme coin offers fast transactions and low transaction fees.

Here is a step by step tutorial about how to buy Dogecoin in India

Install a Crypt Exchange Application

Cryptocurrency exchanges are a great way to get your hands on some of the latest and greatest cryptocurrencies. With a few easy steps, you can install any of the popular crypto exchange apps like WazirX, CoinDCX, Coinswitch Kuber, Bitbns and Zebpay on your device.

Create a cryptocurrency trading account

Cryptocurrencies are a new way to invest in the stock market. With cryptocurrency, you can buy and sell them like stocks. You can also use them to pay for goods and services.

KYC and AML

Cryptocurrency trading is a risky business, and with that comes the need for effective and reliable compliance with regulatory requirements. To ensure your account is fully compliant with all applicable regulations, please fill out the following KYC details for verification: name, address, phone number, and email address.

Two-factor authentication details

Google Authenticator is a security feature that helps protect your account from unauthorized access. To activate the Security tab, you must first add a password and switch to Google Authenticator.

Google Authenticator QR code instructions

Update your bank details

To buy Dogecoin in India, you will need to provide your bank details such as account and IFSC number. After providing your bank details, you are ready to buy Dogecoin with the help of your credit or debit card, IMPS transfer, net banking, eWallet and BHIM. ..

Final note

Dogecoin is a new digital currency that started in December 2013. It’s based on the Bitcoin protocol but with a different algorithm. Dogecoin is often called a “joke currency” because of its low value compared to other digital currencies, but it has gained some popularity because of its fun and easy-to-use nature. This guide will show you how to buy Dogecoin in India using popular exchanges and wallets. ..