Cryptocurrencies are great, but have you ever thought that a joke would be worth more than $ 30 billion? Well the name is Dogecoin, the meme cryptocurrency whose recent price hike took everyone by surprise. From trading at around $ 0.06, or Rs 6, it jumped to a record high of $ 0.4595, or Rs 38. This got everyone really interested in the currency and viewed it as an investment option. So, yeah, why not take a look at how to buy Dogecoin and which app to use.
How do I buy Dogecoin India?
It is really easy to buy a cryptocurrency in India. All you need is a few documents to get started. These documents are Aadhar card and Pan card. Once you’ve installed the app of your choice, you’ll need to complete the KYC first. After that, you need to add the account details from which you will deposit or withdraw funds from the account. Once you’re done, you’re good to go. Here are the steps you need to take to buy Dogecoin.
- Find Dogecoin from the list of coins in the currency you want to buy it in.
- After that, select the coin and enter the amount you want to spend on the purchase.
- Some apps have the option to set the purchase price like WazirX. If available, you can also adjust this. As soon as the price drops to the same value, the order will be executed.
- Now sit down and relax while you have the meme cryptocurrency in your portfolio.
After using all of the popular apps in the country, I can easily recommend two of them. The first is WazirX and the second is CoinSwitch. WazirX is the largest crypto exchange in the country and offers all options for trading coins. You can set limit prices, buy with more than one fiat currency and also with crypto, and even earn commissions on referrals. It’s a really good app, but it also has a slight learning curve if you’re new to it.
On the other hand, we have Coinswitch, the opposite of WazirX. It’s very easy to use, but it doesn’t have the versatility and ability to set marginal prices other than Bitcoin. CoinSwitch also has a much lower number of coins in the app and doesn’t allow purchases with anything other than INR. But it has one big advantage over WazirX, namely the option of UPI deposits. Even WazirX has the option, but is currently under maintenance.
You can also go with Binance, the parent company of WazirX, if you want. At the same time, you need to buy USDT through P2P transactions first as the app does not have INR support.
Do you think buying Dogecoin is a good option? And does it actually have a meaning or is it just total hype? Let us know in the comments below. If you found our content informative, please like it and share it with your friends.
Also read: Canada has now approved two Ethereum ETFs