How to buy Dogecoin in India? Here is the step by step process you can use to buy DOGE

The cryptocurrency market has exploded in the last two months as Bitcoin, Ethereum, Dogecoin, and many other cryptocurrencies have recorded all-time highs in prices. Dogecoin, in particular, has increased more than 5 times its price since the beginning of April, from Rs 5 at the beginning of the month to Rs 39.40 today. Dogecoin started out 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 for the general public and has a "fun and friendly" brand image behind it. DOGE's face was the Shiba Inu dog, which became famous as the DOGE meme. It literally became a "cryptocurrency meme". No one in the early years thought that DOGE would be as valuable as it is today.

However, Dogecoin grew in popularity as the surrounding community was huge and they basically made DOGE look like the money of the future. Famous celebrities like Elon Musk have 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.

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 in India has boomed and millions of Indians have invested in cryptocurrencies. Buying cryptocurrencies can be a complex process, but there are cryptocurrency exchanges that make buying cryptocurrencies quite easy for the average person. Cryptocurrency exchanges are applications/websites like Binance or Robinhood that allow ordinary people who are not familiar 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 steps outlined to buy Dogecoin.
Install a popular Indian crypto exchange like Coinswitch / WazirX / CoinDCX / Bitbns / Zebpay. Be sure to do your research before deciding on a trade.
Set up your account by registering and verifying 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 the 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.

Also Read: Dogecoin`s popularity soars ahead of Nifty, mutual funds in India