How to Buy Dogecoin in India – Wisdomiser

 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.

 Dogecoin is unique, and 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

2. CoinSwitch Kuber

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.

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