An Introduction: Dogecoin
Dogecoin is an open-source, shared cryptographic currency altcoin. The inception of Dogecoin in 2013 was based on a joke; it picked up at the beginning of 2021 and is expected to outdo all other altcoins. It is easy to mint and popular with diggers (miners), and unlike Bitcoin, it has no cap. Dogecoin and Litecoin’s verification-of-work is similar. Dogecoin has a good feel factor as it has been earning goodwill from all over the globe with its benevolent acts.
As per the news on Dogecoin, they raised $50,000 in 2014 to send the Jamaican team to the Winter Olympics as they lacked funds. Loyal Shibes helped build water wells for the Kenyan population by raising $30,000 for the Tana valley. Dogecoin sponsored Josh Wise for North-American Stock Car Auto Racing NASCAR in March 2014. The Shibe group online tips for putting up good content. Dogecoin on Reddit has charities like DogePizza and SocksForTheHomeless.
Elon Musk, chief of Tesla, raised the value of DOGE, his favorite coin, by endorsing it on Twitter this year as ‘people’s crypto.’ Its value increased by 50% and remains so. Doge has the backing of its fans, who want to see it equal USD 1.
Dogecoin in India
Dogecoin can be bought from any of the crypto exchanges online in India, including WazirX, BuyUCoin, CoinDCX, CoinSwitch, and Kuber. Some of the exchanges are not permitting the sale as yet as it is relatively new and has a market cap as low as $10 Bn.
How to buy Dogecoin in India?
India can purchase DOGE on the BuyUcoin exchange, amongst other cryptocurrencies. There are a few steps in the process to purchase DOGE, as explained below.
Step ONE — Opening a Digital Wallet
One can Signup by clicking on Buy Dogecoin in India with INR Wallet. The digital wallet will store your cryptocurrencies for trade through blockchain technology. Many exchanges offer digital wallets, but one must research to select the best one for one’s requirements.
Step TWO — Registering and Opening an Account
After entering BuyUcoin and Signup, one can register and start an account to receive service. Choose between corporate or individual accounts. Go on to select India for your country and agree with the terms and conditions to finish the registration process.
Step THREE — Fill Out KYC
AML and KYC are compulsory for Indian jurisdiction. The data will remain safe and encrypted and will be saved in centers managing Indian data. Upload the pan card images and give the phone number that is linked with the Aadhar card.
Step FOUR -Google Verification (2 steps)
Secure your dogecoin wallet with Google 2-Step verification. After installing an Authenticator app on a tablet or smartphone, one can use 2FA. After it is enabled, enter the 6-digit one-time password and email and password to sign-in in the future to one’s BF account. 2FA can be enabled after signing in to FB or LinkedIn with social media provider settings.
Step FIVE – Enter Bank details
Provide the Bank Details to Buy Dogecoin in India instantly with INR. One would need to enter the bank name’s credentials, account name of the holder, and account number with the IFSC details.
What Payment Methods to use to buy Dogecoin in India?
Many exchanges like BuyUcoin provide wallets to buy, sell and store Dogecoin using Credit or Debit cards, MobiKwik Wallet, Bank Transfer, BHIM UPI, IMPS Transfer.
How to Buy Dogecoin in India at the cheapest price?
The trading platform Bitbns supports cryptocurrencies trade giving price variations. One can operate easily after registering. Bitbns has 8 cryptocurrencies listed on its exchange.
After Signing-up on providing mobile and email id, fill in the contact info, simply upload the images of the PAN card, along with bank details, and Aadhar card. After validating KYC documents that roughly take 30 mins, the notification will be received in email for activation of the account. Use NEFT/RTGS/IMPS or UPI to send funds to Bitbns account and start purchasing DOGE at the best possible prices.
What can I do with Dogecoin after buying it?
Altcoin has many applications. It is used commercially online as a tipping system on social media where people tip one another for posting good content.
It is used in trading physical items online on Reddit and Twitter. It was used to sell a house and has found a place in the poker industry.
Dogecoin is an open-source cryptographic currency that came about in 2013 and became immensely popular at the beginning of 2021. Therefore, find additional updates on the current scenario and future updates of Dogecoin all by going through Dogecoin price prediction. It was put up by the Chief of Tesla, Elon Musk, as “People’s Crypto” on Twitter. DOGE is easy to mint, and there is no cap on it. It is estimated not only to supersede all other altcoins but even Bitcoin. Its goodwill acts made it “People’s coin”- like sending the Jamaican team to Winter Olympics 2014 when they lacked funds; helping in well development by supporting the act in Kenya with $30,000; and sponsoring Josh Wise for North-American Stock Car Auto Racing NASCAR in March 2014, when he could not afford it.
Furthermore, DogePizza and SocksForTheHomeless are charities that Dogecoin runs on Reddit. One can purchase DOGE in India online at WazirX, BuyUCoin, CoinDCX, CoinSwitch, and Kuber. It is easy to buy DOGE on BuyUcoin with a simple five-step process, and one can opt for the best prices on Bitbns, which trades eight pairs with DOGE.