Looking to buy Dogecoin but not sure of the Dogecoin price in India? Dogecoin is a cryptocurrency that is open source. It is a type of digital money or altcoin that is commonly used for peer-to-peer transactions. It began in 2013 as a lighthearted prank against prominent cryptocurrencies such as Bitcoin, with a pleasant and friendly brand design.
The goal was to introduce the public to the concept of cryptocurrencies in a friendly way. However, in terms of value, it has increased by more than 5,000% throughout the years. Dogecoin is a prominent altcoin with one of the world’s largest communities. Dogecoin differs from Bitcoin in that the former has no upper limit.
As a result, there may be billions of Dogecoin in circulation around the world right now. The current DOGE to INR exchange rate is ₹29.47. It now has a circulating supply of 129 billion coins and a total trade volume of ₹549,349,249,406. DOGE’s price has risen by 5.7 percent in the last 24 hours.
What are the features of Dogecoin?
– As a proof-of-work scheme, it employs script technology.
– It has a substantially faster block time of 60 seconds than other cryptocurrencies, and the difficulty retarget period is four hours.
– Dogecoin is a coin that is inflating.
– Dogecoin uses many coins with low individual values, making the currency more accessible with a low entrance barrier and suitable for carrying out smaller transactions.
In India, you may buy Dogecoin with local currency or cryptocurrencies such as Bitcoin. Dogecoin can also be purchased on various cryptocurrency exchanges, including WazirX, CoinDCX, Coinswitch Kuber, Bitbns, and Zebpay. Here’s a step-by-step guide on purchasing Dogecoin in India:
Step 1: Download and install a Crypt Exchange App.
Install any of the crypto exchange apps on your mobile, such as WazirX, CoinDCX, Coinswitch Kuber, Bitbns, and Zebpay.
Step 2: Open a Cryptocurrency Trading Account
To begin crypto trading, you must first register and create an account. To begin the signup process, enter your email address.
Step 3: Know Your Customer (KYC) and Anti-Money Laundering (AML)
Everyone who invests in cryptocurrency must comply with AML and KYC. Fill out all KYC information for account verification.
Step 4: Details on Two-Factor Authentication
Another necessary step is to enter your 2FA or Google authenticator credentials. Click on the link to your profile page, enter a password, and go to Google Authenticator. Then, by clicking on it, activate the Security tab.
After attentively reading all instructions, you will be taken to the Google Authenticator picture. It’s a QR code that needs to be scanned with your device’s scanner. Enter the 2FA code when prompted during scanning. The 2FA configuration is complete.
Step 5: Update Your Bank Information
This is the final stage in which you must supply bank information such as your account and IFSC code. You may now buy Dogecoin in India with your credit or debit card, IMPS transfer, online banking, eWallet, or BHIM.
If you’re looking to check the Dogecoin price in India, it’s best to remember that Dogecoin has gained popularity because the community surrounding it is vast, and they have effectively made DOGE look like the currency of the future. Elon Musk, for example, has publicly praised and laughed about Dogecoin.
Above all, DOGE aided in raising awareness among millions of individuals worldwide about the value and significance of blockchain technology and cryptocurrencies. Dogecoin is now one of the most popular cryptocurrencies.
