The cryptocurrency market has blown up in recent years as Ethereum, Bitcoin, and several other forms of the cryptocurrency hit high prices. Especially, Dogecoin has gone up 5 times as compared to its price since April 2021.
Initially, it was introduced as a meme cryptocurrency and in today’s world, Dogecoin has become one of the most popular cryptocurrencies in the world. Here are brief details of all the important aspects of Dogecoin.
Dogecoin – Meaning
It termed as a cryptocurrency which originally formed in the year 2013. It built as a friendly introduction to the cryptocurrency concept for the general public/layman. Also, it had a ‘fun and friendly brand image behind it. The face of DOGE was the dog Shiba Inu and became popular as the DOGE meme.
However, Dogecoin grew in popularity because of its surrounding community which basically made DOGE look like the money of the future. Popular celebrities like Joked and Elon Musk supported Dogecoin. DOGE helped to spread value awareness and the importance of blockchain technology and cryptocurrency among billions of people.
Steps to buying Dogecoin in India
Until 2018, trading cryptocurrencies in India were illegal but later on, Supreme Court decided to legalize it. After this, the crypto industry in the country has roared and millions of Indians have invested in crypto. However, if you want to buy Dogecoin in India, simply follow these steps.
1. Firstly, install an Indian crypto exchange and ensure your research before you settle on choosing an exchange.
2. After this, set up the account by registering and verifying your KYC. Ensure 2-factor authentication.
3. Now, add bank details or UPI details to the app so that you can add money to the exchange.
4. Once the money has been deposited into the exchange, you can use it to buy Dogecoin, or any other cryptocurrency available for purchase. Refer to the above screenshots for a more detailed look.