Note! Your Dogecoin will be in your wallet between a few minutes and a few hours. We do our best to deliver your DOGE to you as quickly as possible, but there sometimes can be delays due to one of the following factors:
- Overloaded blockchain
- Dogecoin updates
- DDoS attack
That’s it – your DOGE should be in your wallet shortly!
Can I buy Dogecoin in India?
It's possible to buy Dogecoin in India, and there are several ways to go about it online.
Buy Dogecoin India from a digital exchange: Just find a platform that can support Dogecoin purchases with fiat currency or exchanges to other altcoins.
Making purchases from individual sellers: It may be risky to buy DOGE from a random stranger on social media. A safer way is connecting with individual sellers on P2P marketplaces. But watch out for marketplaces that claim to have low fees but store funds in custodial wallets with high withdrawal fees.
Mining Dogecoin: DOGE runs on a proof of work consensus. Validator nodes solve complex mathematical algorithms to verify transactions and add them to the blockchain. With sufficient computing resources, it is possible to run an independent node. But individual miners may find it more rewarding to join a mining pool where rewards will be distributed among users.
Is Dogecoin cryptocurrency legal in India?
The legality of cryptocurrencies has been a grey area in India. But attempts are being made by the Indian government to clarify any doubts that residents may have about crypto assets.
Speaking on the matter, the finance minister Nirmala expressed the government’s plans to tax virtual assets at 30%. He maintained that cryptocurrencies would never become legal tender but revealed plans by the Reserve Bank of India to introduce the digital Rubie.
DOGE, invented by software engineers Billy Markus and Jackson Palmer, is not a legal tender. But it doesn't have to be for residents to buy, sell, or trade it. They can even exchange it for goods and services with businesses that choose to accept it as a payment method.
What is the cheapest way to buy DOGE in India?
Some methods to purchase crypto may be admittedly more expensive than others if higher fees are involved. So, how can buyers find the best rate?
Well, searching for “Dogecoin buy in India” or a similar search phrase is bound to reveal a list of platforms claiming to have the most affordable rates. But the actual way to know the cheapest rate entails comparing rates across platforms, brokers, or P2P sellers.
Changelly makes the comparison easier by showing different quotes from our partners and highlighting the best offer.
Can foreigners buy Dogecoin in India?
There are no restrictions on foreigners wishing to purchase Dogecoin while living in India. Cryptocurrencies are permissionless and available to everyone despite their geographic location.
That said, a foreseeable hurdle that a foreigner may encounter is during the KYC verification stage. Platforms typically ask for a selfie and photo ID for verification. Note that some platforms may not serve the citizens of every country.
How can I sell my Dogecoin in India?
To sell Dogecoin in India, consider finding a digital crypto platform that supports crypto-to-fiat currency conversions. Some coins may be automatically converted to cash. But DOGE users may first be required to exchange their coins for popular cryptocurrencies supported for direct conversions, such as Bitcoin, Tether, and Ethereum.
Use our platform to buy Dogecoin and store it safely on a selected digital wallet. When the time comes to sell, exchange the coins for other cryptocurrencies. It's even possible to exchange coins earned as rewards after Dogecoin mining. Finally, cash out on our sell page. Payouts are facilitated to bank cards and accounts.
Can I buy Dogecoin without KYC?
Buying Dogecoin without passing the know-your-customer verification stage may be possible with some crypto exchanges. But the platform may impose various restrictions, for instance, limiting the purchase amount.
Completing the verification removes account restrictions, leaving buyers to access higher purchase amounts or a broader digital currency list.
Our on-ramp crypto partners ask customers to pass the KYC stage. Buyers are only required to complete the verification once.
What are the taxes to buy DOGE in India?
There are no taxes on cryptocurrency purchases. For instance, buyers don’t have to pay VAT.
Despite the lack of clear guidance on the taxation of the cryptocurrency market, experts still recommend that residents pay capital gains tax on profits made from crypto trades.
The government may be in the final stages of finalising registration to set clear precedence on the taxation of Dogecoin and other crypto assets.
How quickly will I receive DOGE after purchase?
The payout time ranges from minutes to several hours, depending on the selected platform. Our partners strive for quick payouts. Buyers tend to receive the coins in their wallets within 45 minutes. Some transactions may be finalised in as little as 5 minutes. The good thing about DOGE is that it’s faster than Bitcoin to confirm transactions on the network.
Which is the best platform to buy Dogecoin in India?
Changelly is among the best platforms to buy Dogecoin in India because of the following reasons:
Reliability and trust: We are highly trusted and have served millions of crypto customers.
Multiple options: Our network of payment providers consists of reliable names such as Indacoin, Banxa, Simplex, and Moonpay.
Exchange feature: Our customers can instantly exchange more than 150 altcoins.
Trading feature: We also support crypto trades on our trading platform, Changelly Pro.
Can I buy Dogecoin in India with PayPal?
Purchasing Dogecoin with PayPal is difficult at the moment. That's because of the limited support by on-ramp vendors, crypto brokers, and crypto exchanges.
Where to buy Dogecoin in India with PayPal? While support may be lacking, it's possible to find sellers on a P2P cryptocurrency exchange willing to accept PayPal payments.
The only limitation of P2P purchases may be the higher risk involved, and sellers may ask for above normal rates. Take note that some P2P platforms may store funds in their custodial wallets, limiting access to buyers.
Can I buy Dogecoin in India with a credit card?
Yes. Buying by using a credit or debit card is one of the top ways used by residents of India to acquire cryptocurrencies online. Changelly offers support for VISA and Mastercard credit cards issued by popular Indian banks such as HDFC, SBI Card, Kotak Mahindra Bank, and ICICI. Buyers can even make a bank transfer from their account.