Buy Dogecoin (DOGE) in India with INR with Lowest Fees

Dogecoin utilizes a Proof of Work (POW) consensus algorithm, which requires miners to generate new Doge coins and verify transactions made on the network. Mining Dogecoin also produces new blocks on the network, and miners are rewarded with Doge coins for their job. Mining Dogecoin can be an expensive process, and a user should be aware of the electricity costs and the current regulations and laws regarding cryptocurrencies in their location before making any decisions.

Unlike most cryptocurrencies, Dogecoin has no hard cap on its token supply. Dogecoin is also known for its extreme price volatility, experiencing massive fluctuations with large increases and decreases occurring over a short period. For example, in early 2021, the price of Dogecoin surged from about $0.006 to an all-time high of $0.087, a staggering 1383% increase in a single week, making Dogecoin a good investment at that date.

Dogecoin’s price crashed soon after a spike, dropping to as low as $0.004 – an astonishing 96% sag. Such volatility of crypto prices continues to be a concern for investors who are weary of Dogecoin’s long-term value. Doge’s price turbulence is reflective of the infancy of the asset and crypto market in general. As the asset, market, and investors mature, the price of Dogecoin will likely become more stable, making the coin more lucrative to invest in.

Lots of investors looking to buy Dogecoin (Doge) are curious about the legal aspect of cryptocurrency trading. Currently, there is no clear legal framework for cryptocurrencies in India. However, the Indian government has taken a positive stance on the use of cryptocurrencies, and crypto exchanges in India are regulated by the Reserve Bank of India. This means it is legal to buy Dogecoin (Doge) in India, as long as you follow the regulations set by the Reserve Bank of India.

Note that any profits made from trading cryptocurrencies in India are subject to taxation, just like any other capital gains. It is recommended that you consult with a tax professional to ensure you are aware of the tax implications of trading cryptocurrencies.

Before investing in digital currencies, it is important to take into account your investment experience, financial situation, and risk tolerance. Past performance is not an indication of future performance. The value of your investments can fluctuate, and you may not get back the money you initially invested. You are solely responsible for the decisions you make regarding your investments in digital coins, so do your research and make sure you are aware of the risks involved.

Best Ways to Buy Dogecoin in India Safely

To buy Dogecoin (Doge) in India with ease and confidence, you need to set up an account on a cryptocurrency exchange that supports Dogecoin. Changelly is one such platform that allows you to buy, sell, or trade Dogecoin, Bitcoin, Ethereum, and a slew of other coin at the best prices.

Before investing in Dogecoin, a user needs to find an exchange with a good track record of providing a safe and reliable environment for trading in cryptocurrencies.

To begin, you will need to install the Changelly app or access the platform through its web page. You will then need to complete your KYC (Know Your Customer) verification, which requires the provision of a PAN card, a valid address proof, a mobile number, and an email ID. Setting up a digital wallet to store your crypto assets is also among the top considerations for users planning on buying Dogecoin.

Once your account is set up and your bank account is linked to the exchange, you will be able to engage in crypto trading. The platform’s user-friendly interface allows you to instantly buy Dogecoin and other cryptos via convenient payment methods, including bank transfers, debit/credit cards, and mobile purchases with Apple Pay or Google Pay.

With the Changelly app, you can track the price of Dogecoin in real-time, as well as access technical charts to help you identify attractive entry points into the cryptocurrency market.

How to Buy Dogecoin with Credit and Debit Card

Buying Dogecoin (Doge) with a credit or debit card is easy, and many crypto exchanges offer this opportunity, including Changelly.

Once the transaction is complete, the purchased assets will be credited to the specified Dogecoin wallet, or the integrated internal wallet on your exchange account. Pay attention that the fees associated with credit or debit card payments may be higher than other payment methods.

However, on Changelly, you can buy and sell Dogecoin, as well as 400+ other cryptocurrencies, with significantly lower fees compared to the rest of the market. This is possible thanks to our partnerships with leading providers of fiat-to-crypto processors that keep their service fees utterly affordable for users all over the world.

How to Buy Dogecoin with Bank Transfer in India?

Buying Dogecoin with bank transfers is a simple process. It basically boils down to finding a trusted and reliable cryptocurrency exchange that supports Dogecoin. If you are using Changelly, you are in good hands because our crypto exchange platform covers all your crypto needs.

You will need to create an account and provide your bank details to the exchange. After verifying your identity, you will be able to select the “bank transfer” option among the supported payment methods when buying Dogecoin (Doge). Keep in mind that wire transfers can take some time to process and there may be additional fees associated with this payment method.

How to buy Dogecoin with Apple Pay in India?

Unfortunately, there is currently no way to purchase Dogecoin with Apple Pay in India. Apple Pay is not available in the country due to restrictions set by the Reserve Bank of India (RBI). The regulator has not yet allowed the use of Apple Pay as a valid alternative for faster payments, but the company is reportedly in negotiations with the RBI to make Apple Pay available in India. In the meantime, other convenient payment methods such as bank transfers, credit/debit cards, and Google Pay can be used to send funds to a crypto exchange and buy Doge.

How to Buy Dogecoin from ATM in India?

Buying Dogecoin from an ATM in India is not possible at the moment. There are a few Bitcoin ATMs situated in the Indian capital city Delhi, where you can buy Bitcoin, Ethereum, and USDT at their current price for Indian rupees. However, these machines do not allow you to buy, trade, or sell Dogecoin for cash.

Indian crypto ATMs have limits and verifications. For example, if your crypto purchase costs less than 10,000 INR, SMS verification is required. Crypto purchases exceeding INR 50,000 will involve PAN card verification. Take into account that a Bitcoin ATM may charge a high transaction fee for its fiat-to-crypto conversion service.

The crypto ATM will then send Bitcoin you have purchased to the specified crypto wallet. By connecting your wallet to an appropriate crypto exchange, you will be able to easily trade your Bitcoin for Dogecoin.

How to Buy Dogecoin with PayPal

It is theoretically possible to purchase Dogecoin with PayPal in India. However, you will need to find a crypto exchange that supports PayPal. Not many crypto exchanges support PayPal, so it is important to scour the Internet and compare different platforms before making a decision. Once you have chosen an exchange, you will need to create an account, verify your personality, and link your PayPal account to the platform. After that, PayPal will be on the list of available payment options if you decide to buy digital currency with fiat money.

How to Buy Dogecoin with Prepaid Card

Getting Dogecoin these days has never been easier, given a great deal of exchanges that support different kinds of payment methods, including prepaid cards. Similar to debit counterparts, prepaid cards are fast at processing transactions.

You do not need to pay interest on your purchases, which sets them apart from credit cards. With a prepaid card, you will not find yourself shelling out more than you initially plan compared to a credit card as your spending budget is limited to the money you have on your card balance.

How to Buy Dogecoin with Cash in India

People often buy digital assets online, but it is also possible to purchase Dogecoin with physical cash in India. Doing so may involve researching different options and may take longer, but it is definitely possible. Your primary options for buying Dogecoin with cash include in-person trades and money transfers.

For an in-person transaction, you can find a seller in your area and buy Dogecoin from them with cash or another payment option you both agree on.

For money transfers, you can go to your bank office or visit a money-transfer branch (such as Western Union, Remitly, etc.) and pay banknotes directly to the service provider, so they can send your money to the Dogecoin seller.

Although it can be easy to buy Dogecoin in person, it is highly recommended that you use an escrow service to facilitate a smooth and safe transaction, such as a specialized peer-to-peer crypto trading platform. Escrow services can provide an extra layer of security when purchasing Dogecoin with cash, as they will hold the crypto until the transaction is completed. Once the transaction is completed, the escrow account will then send the crypto coins directly to you. You should be aware of additional fees charged by escrow services.

Can Foreigners Buy Dogecoin in India?

Yes, foreigners can buy Dogecoin in India, but it is important to be aware of the current regulations and laws regarding cryptocurrencies. Such as, the Indian government mandates crypto traders to pay a 30% tax on gains from digital assets. There is also a 1% TDS (tax-deductible source) that must be paid by Indian crypto sellers. Different exchanges may not accept foreign users after reviewing your documents, so clarify this question with a given service before making any trading decisions.

Who Accepts Dogecoin in India?

In India, the first widespread use of cryptocurrency came in the form of Bitcoin. Bitcoin has been adopted by several globally known companies, such as Microsoft, Tesla, and Dell, and it is increasingly being used for transactions both in the country and abroad.

Dogecoin, another popular cryptocurrency, is also being increasingly accepted by merchants in India. Several online stores allow you to pay with Dogecoin, such as Crypto.com, Shopify, and Travala.

How to Cash Out Dogecoin in India?

It is entirely possible to sell Dogecoin for cash in different ways. On Changelly, you can swap your Doge assets for Bitcoin, Ethereum, or another big cryptocurrency, and then cash out your digital currency using our off-ramp (crypto-to-fiat exchange) feature.

Another way to sell Dogecoin for real money is through peer-to-peer (P2P) trading platforms. These platforms allow you to find a reliable Dogecoin buyer that will pay you in your local currency, using a desired payment mode, such as a deposit on your bank account, debit card, or e-wallet.