How To Buy Dogecoin In India – Guide
Dogecoin is a peer-to-peer cryptocurrency that was started in 2013 as a scam by two software developers, Billy Markus and Jackson Palmer. A cryptocurrency is essentially a digital currency protected by cryptography, making it difficult to forge. In February 2014, Palmer removed the supply cap on Dogecoin, making the supply infinite. This should help encourage tipping and discourage people who stay. That means Dogecoins are being minted by the minute. In contrast, Bitcoin has a hard cap of 21 million units. Dogecoin’s popularity has reached a new level thanks to Elon Musk’s tweets about the Dogecoin digital token being the people’s cryptocurrency.” It also had other popular supporters such as Mark Cuban and Snoop Dogg. In addition to Musk’s numerous tweets in support of Dogecoin, he also changed his Twitter bio to “Former CEO of Dogecoin”. Also this week, Elon Musk, the father of Dogecoin, ignited a spark when he announced that his company Tesla is interested in making some purchasable goods with Dogecoins. The meme token rose 22% from $0.156 to $0.195 seconds after the disclosure. One of the main use cases to know about Dogecoin is its usefulness in transactions. Meme coin offers fast transactions. Also, the transaction fee is very low, making it a good candidate as a future digital currency.
Here is a step by step tutorial about how to buy Dogecoin in India
Install a Crypt Exchange Application
Create a cryptocurrency trading account
KYC and AML
Two-factor authentication details
Update your bank details
this is the final step where you need to provide bank details such as account and IFSC number. Now you are ready to buy Dogecoin in India with the help of your credit or debit card, IMPS transfer, net banking, eWallet and BHIM.
Final note
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