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How to buy dogecoin India

What is Dogecoin? | How To Buy Dogecoin In India? | Step-By-Step Guide

In this article, we are going to cover some popular and useful topics like, What is Dogecoin, How to buy Dogecoin in India, Should you invest in Dogecoin? And what is cryptocurrency?

But before going to our main topic which is how to buy Dogecoin in India, we need to know about cryptocurrency. So let’s understand all the topics step by step in an easy way.

What is Cryptocurrency?

Cryptocurrency is a digital currency also known as virtual currency. It is based on blockchain. Bitcoin is the most popular worldwide because it is the first cryptocurrency that was founded by Satoshi Nakamoto or his group in 2009 and also started work on bitcoin software.

Cryptocurrency is not like normal currency, you cannot keep it in your pocket or in any locker. Now you must be thinking that where will it be stored?

The answer is crypto is kept in a digital wallet and you can buy or sell it from the wallet. Investing in crypto has advantages as well as disadvantages, which we will consider further.

What is Dogecoin?

Dogecoin is a peer-to-peer open-source cryptocurrency similar to Bitcoin and Ethereum. It is based on Litecoin which is an altcoin. As of today’s date, the price of Dogecoin is Rs 23.15, which keeps increasing and decreasing.

Tesla’s owner Elon Musk made several tweets in support of Dogecoin in February

After which it became more popular and its price was increased by 20 percent. Actually, a few years ago a meme became very famous, whose photo you can see below…

How to buy dogecoin in india

The meme was so popular in those days that it was declared the Meme of the Year. The purpose of making Dogecoin was not to make money, it was made as a joke. in 2013, Dogecoin was developed by Australian marketer ‘Jackson Palmer’ and software developer ‘Billy Marcus’.

Should you invest in Dogecoin?

Dogecoin has soared in value recently, putting it on par with investments in some of today’s hottest cryptocurrency tokens. As Dogecoin continues to climb, many investors may wonder whether or not they should invest in Dogecoin. The short answer is yes—but there are a few factors you need to keep in mind before you start trading. Here’s what you need to know about investing in Dogecoin and how it stacks up against other altcoins on the market today.

How To Buy Dogecoin In India?

Now let’s talk about how to buy dogecoin in India?. Buying Dogecoin in India is as easy as buying any other cryptocurrency. For this.

Just follow this step-by-step guide to buying dogecoin in India.

Step 1: You need a cryptocurrency exchange platform where you can buy or sell Dogecoin. There are many crypto exchanges in India but the most famous are Wazirx and Coinswitch Kuber.

Both are trusted so,  you can use any of these apps. We recommend you Coinswitch Kuber because its user interface is a bit simpler and easier than others.

How to buy dogecoin in india

Step 2: Now all you have to do is just download the Coinswitch Kuber app from here or you can also download it from the Playstore & AppStore. after installing the app, sign up with your mobile number and email address. Once your mobile number and email are verified by OTP you can go to step 3.

Step 3:  It will ask you to set 4 digit password. Just enter your secret pin and keep remembering it because when you next time open the app it will ask you the same pin or password that you’ve created while setup.

Step 3: You need to complete your KYC before starting investing for that just tap on the user verification. now it will ask you to enter basic details so just enter your full name and date of birth.

Step 4: Now it will ask you to verify your pan card,  you just have to click photos of your original pan card from both sides front and back, and upload it.

Step 5: Now you have to upload one of the identity documents you can upload any e.g.  Aadhar Card, Passport, or Voter ID Card. The method of verifying it is the same as the PAN card was verified earlier.

How to buy dogecoin in india

Step 6: This is the last step of completing KYC. In this step, you have to click a selfie and upload it to the app. after that it 10 to 15 minutes to complete KYC.

Step 7: In this step, you can add bank details even before KYC is completed. So to do that just enter your bank account number next,  re-enter account number, and bank IFSC Code.

The method of verifying it is the same as the PAN card was verified. Once KYC is completed you can start buying and selling dogecoin and other 100+ cryptocurrencies.

Step 8: After KYC, You have to deposit some money, to do that just click Deposit INR then enter the amount that you want to add. you can add money from UPI apps e.g. Paytm, Phonpe, Google Pay, MobiKwik.

Step 9: After adding balance you can now buy and sell dogecoin or other cryptocurrencies by just tapping on the buy section on the coinswtch keber app.

How to buy dogecoin in india