If you know anything about cryptocurrency, you might have heard the word “Dogecoin”. It is a new cryptocurrency that has created a buzz in the world of the Internet.
And, the netizens are so thrilled about it. But, why is this the case?
Here in this article, we will answer all the questions related to Dogecoin that has created a sensation in recent times.
What is Dogecoin?
We all know about some inventions that were created unintentionally or through accidents. But have you ever seen a simple joke turned into a grand thing? Well, if you have never, now is the time.
Dogecoin was developed 8 years back to pay tribute to the leading and the most popular crypto currency, Bitcoin. Even the creators of Dogecoin agree that it was created just for fun and to spread laughter. The crypto currency didn’t have any specific function at that time.
How is it different?
Dogecoin is quite different from its peers. It has acquired significant popularity in the last few years and is even loved by Elon Musk, who has been recently termed as the richest man on Earth.
But what makes Dogecoin different from other altcoins? It is mainly its comical approach that is loved by many.
Over the last few weeks, Google has seen a massive increase in the searches of “Dogecoin”. People are willing to know what it is, how to use it, and how they can buy it.
If you are also willing to get the answer to these questions, this is the right place to know. So, keep reading to get your answers.
How can you Buy Dogecoin in India?
You can buy or sell Dogecoin like other altcoins in the crypto currency exchanges such as Bittrex Global GmbH and Payward Inc.’s Kraken. You can also use it on trading platforms such as the popular brokerage Robinhood Markets Inc. and more.
As Dogecoin is a crypto currency, you need to visit a physical store to buy it or do business with it. You can purchase it through several digital asset exchange apps available online. One such platform to buy Dogecoin is “BuyUcoin”.
If you want to go ahead with the purchase, here are the step-by-step instructions to buy Dogecoin in India:
- The first thing that you need is a Digital Indian Wallet for conducting altcoins transactions in India. This is the place where you will store your coins.
- Then, navigate to BuyUcoin and create an account by registering on the platform. Fill up all the required information in the given fields.
- You need to finish your KYC and AML to start trading through Dogecoin.
- Next, complete the verification process.
- Lastly, add your bank details to get started with your new cryptocurrency journey.
At present, the value of one Dogecoin is worth INR 5.4 in India. It is expected to rise further soon. Although, there was a time when people used to laugh at crypto currencies such as Bitcoin, the scenario has completely changed today.
People have started realizing their growing usage and impact. No one can deny that crypto currencies are the future of the financial industry. The main thing that we all are waiting to know is when? How long will it take for crypto currencies to acquire more customers? How long will it take to earn the trust of a larger audience? Sooner or later, we will find the answers to these questions as well.