Before starting up with the process of buying DOGE from a crypto exchange app, first let us know Dogecoin in brief.
DogeCoin: An Overview
Dogecoin was viewed for the most of its existence as a humorous “memecoin” that was cherished by its community but had no monetary value. That changed in 2021 when Dogecoin, despite the fact that each coin is just worth a few cents, surged to become one of the top ten cryptocurrencies by market cap, with a total value of $50 billion.
Software developers Billy Markus and Jackson Palmer initially developed Dogecoin as a joke currency in 2013 with no real-world application in mind. Its name is a parody of a Shiba Inu dog with funny spelling from the internet, hence the term “doge” rather than “dog.”
Bitcoin VS Dogecoin
There are significant differences between Dogecoin and Bitcoin when we compare the two. First off, Dogecoin provides miners with a quicker and easier way to solve the challenging mathematical problems required to validate and log transactions on the blockchain. Because of its increased efficiency, Dogecoin is comparably better at enabling payment transfers.
There is no lifetime cap on the total number of Dogecoins that can be generated, which is another significant distinction. The maximum number of Bitcoin coins that can ever exist is limited to 21 million, in comparison. As a result, to earn additional coins over the long run, Bitcoin miners must put up more work and devote more time. This contributes to the stability and long-term growth of Bitcoin’s value.
How to Choose a Crypto Trading App?
When choosing a cryptocurrency trading app in India on which to trade or invest, you must conduct careful research. Before choosing an exchange to invest in Dogecoin in India, you should do some research on the legitimacy of the platform and the team behind it.
Prior to purchasing Dogecoin, make sure the platform offers the following:
- The website/app for the exchange is user-friendly and features a straightforward user interface.
- The exchange offers trading pairs for Dogecoin.
- Modern security measures are used by the exchange, and it makes no concessions when it comes to routinely improving it.
- Try to stay away from exchanges that lack a KYC protocol.
- The exchange provides affordable trading fees for purchasing cryptocurrency in India.
How to Buy Dogecoin with INR?
You can now buy Dogecoin with INR instantly on KoinBX. Learn how to buy and trade dogecoin with INR on KoinBX.
Step1: Create a Free Account on KoinBX
Users who want to Buy dogecoin with INR should create an account on KoinBX and verify their identity for free.
- Register using the KoinBX Website or App
- Ensure to register your valid email address and phone number during registration.
Step2: Deposit FIAT Currency in your KoinBX App
Before you buy dogecoin with INR on KoinBX ensure that you have a minimum balance in your KoinBX wallet.
Fiat deposits can be done via Bank Transfer.
Step3: Buy Dogecoin with INR through KoinBX App
- Login to the KoinBX App.
- Click on the DOGE icon in the Quick trade/Exchange panel
- Enter the INR amount
- The quantity of dogecoin with INR that you are able to purchase will be displayed.
- Check all the order details
- Click the Buy Dogecoin button
- Your dogecoin order is placed.
Step4: Buy Dogecoin with INR through KoinBX Website
- Login to the KoinBX website
- Click on Quick Trade/Exchange
- Enter the INR amount
- Preview your order summary and check all the order details
- Click the Buy Bitcoin button
- Your Bitcoin order is placed.
Why Choose Us for your Crypto Invest?
A renowned and well-respected cryptocurrency exchange platform, KoinBX, provides a safe and convenient setting for trading digital assets. KoinBX is a desirable option for both inexperienced and experienced traders thanks to its broad selection of supported cryptocurrencies, cheap fees, strong security measures, and committed customer service.
Download here >> KoinBX Android App
Download here >> KoinBX iOS App
