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Dogecoin in india

23 February, 2021 - By Bhanu

What is a Dogecoin
Dogecoin is a cryptocurrency, represented by Shiba Inu (a breed of dog from Japan). It is launched on December 8, 2013. Dogecoin is a peer-to-peer and open-source digital currency. It allows sending money from one to another. It is also decentralized currency means no government can interact in this.

It is based on Litecoin, which means that all changes and updates made to Litecoin will also apply to Dogecoin. Its structure similar to the bitcoin but a little bit different in its speed of confirmation of the transaction. 

It is maintained by the small amount of investment and lower rates of transactions. Dogecoin is used with a digital wallet on the computer, on the mobile, or on a web page. It can be used to buy goods and services or exchange them for other currencies (other cryptocurrencies as well as traditional money such as euros or dollars).

Simple Steps to Buy Dogecoin (DOGE) in India:

1. On the Bitbns homepage click on the 'Sign Up' button and verify your mobile number and email id.
2. After filling in the contact information, photocopies of Indian Government-issued PAN card, bank account details, and Aadhaar card should be uploaded. This entire process is followed by all legit cryptocurrency trading exchanges.
3. After KYC documents validation which will take 30 minutes, investors will be notified about account activation via email.
4. As soon as the above steps are finished, using NEFT/RTGS/IMPS or UPI investors can send funds to their Bitbns account and begin purchasing DOGE in no time.
5. Transfer of DOGE from/into Bitbns account to other wallets takes only 10 minutes on the Bitbns platform.