Dogecoin: What is it, How to Buy Cryptocurrency Online, Where to Check Latest Price in India (INR), More
Cryptocurrency appears to be booming in India over the past couple of months as Bitcoin, Ethereum, Dogecoin have seen their value increase. Of the three, Dogecoin has seen tremendous growth, with the cryptocurrency increasing more than 8 times over the price available in April. At the beginning of April, Dogecoin was up for grabs at Rs 5 and at the time of writing this article the purchase price has risen to Rs 52 which represents huge growth.
Dogecoin was launched as a cryptocurrency meme and, thanks to social media, it has become one of the popular cryptocurrencies on the planet. If you are wondering where to buy cryptocurrency, you have come to the right place. Read on to learn more about Dogecoin and how to buy Dogecoins in India.
Also read: How to block and unblock websites on Google Chrome Mobile and Desktop?
What is Dogecoin?
Just to let you know that Dogecoin was formed in 2013 and was designed to introduce the concept of cryptocurrency to the general public and make it available to everyone. The face of the Dogecoin was the dog Shiba Inu, which is the popular DOGE meme. Cryptocurrency has become popular in the community thanks to memes. People started to see Doge as the future of cryptocurrency.
Popular celebrities like Elon Musk also supported Doge and made a joke of it on his social media account. Today, Dogecoin has become one of the most popular cryptocurrencies and it has raised awareness among the general public about the importance of blockchain technology.
How and where to buy Dogecoins in India online?
To buy cryptocurrency, you need cryptocurrency exchanges that allow users to buy and sell cryptocurrency. Just to make it easier for you to understand, crypto exchanges are apps or websites like CoinSwitch and WazirX that help with crypto trading.
If you want to buy Dogecoins, you can make it possible with the help of Coinswitch Kuber, WazirX, CoinDCX. To explain the whole process of installing and using these apps on your smartphone, we have used crypto exchange apps. Here are the steps you can take and buy the booming Dogecoin.
- First of all, you need to go to Google Play Store or Apple App Store on your smartphone.
- Search for the app mentioned above and download one of the apps as per your search. (We recommend WazirX).
- Once the app is downloaded and installed, launch it on your phone.
- Now you need to set up your account providing the necessary details.
- You need to KYC your account and make sure to enable 2-factor authentication.
- Post KYC add your bank account and UPI details.
- This will help you add money to your portfolio of trading apps.
Once the money is deposited into your crypto exchange account, you can start selling and buying cryptocurrencies anytime you want. Here is how you can buy Dogecoin in India.
Dogecoin Latest price: where to check online?
Cryptocurrency prices are like the stock market which keeps fluctuating every second. To know the latest price, you need to keep an eye on the cryptocurrency chart every second. To check the latest Dogecoin prices, you can head to crypto exchanges like CoinSwitch, WazirX, etc. You can also visit the head of this website and check the real-time price of Dogecoin.
Is It Legal To Buy Dogecoin Crypto In India?
If you know cryptocurrency and can’t wait to buy coins for yourself then you’ve come to the right place, we’ll tell you all about cryptocurrency. But before that, note that until 2018, buying and trading cryptocurrencies in India was illegal, but later the Supreme Court decided to legalize the trade. After 2018, cryptocurrency trading became popular in the country and interested buyers invested in crypto. So if you are in doubt whether or not it is legal then don’t worry because crypto trading is legal in the country.
Dogecoin and Elon Musk connection
For those who don’t know, Elon Musk has probably been one of the biggest promoters of Dogecoin since the start of the year. His recent tweets have helped the cryptocurrency reach a new high. Interestingly, Musk recently tweeted “The Dogefather SNL May 8”. It just means Musk will appear on Saturday Night Live (SNL) on May 8. It is highly anticipated that Musk will be able to talk about Dogecoin during the show. If he does this, the value of the cryptocurrency will be high again. So, if you are planning to buy Dogecoin, it is important to pay close attention to SNL. Additionally, he also revealed that Dogecoin could be the future of cryptocurrency.
Why did Dogecoin Creator sell all of its coins in 2015?
Recently, Dogecoin co-creator Billy Markus revealed that he sold all of his cryptocurrency holdings in 2015. The reason behind selling the entire hold was simply to buy a Honda. Civic. Additionally, Markus revealed that he never bought the car and spent all the money to pay his unpaid bills.
“I’ve always said I was selling about as much as it would cost to buy a used Honda Civic. It was also my crypto, I had Litecoin and Bitcoin and DOGE and a bunch of others, ”said Markus, quoted by India Today.