NEW DELHI: Meme-based virtual currency Dogecoin
has recently emerged as one of the favourites on social media following the tweets of Tesla and SpaceX chief executive Elon Musk
. Launched in 2013, Dogecoin was created by software engineers Billy Markus and Jackson Palmer.
Musk recently shared a faux 'Doge' Magazine cover, and the prices of the meme currency witnessed a surge. He had earlier tweeted that, "Dogecoin is the people's crypto
", that sent the cryptocurrency's value higher by 75 per cent. Here's how you can buy Dogecoin:*
Potential buyers of Dogecoin in India are required to set up their account on crypto exchanges that support Dogecoin. *
Cryptocurrency exchange platforms provide the most convenient ways to buy Dogecoin. *
Users should have a few applications that they can use for buying Dogecoins like WazirX, BuyUcoin, and CoinSwitch. *
In India, you can buy Dogecoin through credit or debit card, or other e-wallets *
To mine Dogecoin, one should have Windows, Mac, or Linux on their PC. *
For those who want to buy Dogecoin in small quantities, faucets — websites that dole out free cryptocurrency to visitors — can be a good option. *
On these websites, one can earn Dogecoins every 3 hours (or so) just by clicking a button and completing a captcha code. *
If you are an advanced user and have a powerful computer setup, you can process other Dogecoin transactions and get these coins as payments.