WazirX is the biggest cryptocurrency exchange in India.
Due to their sheer popularity and Binance’s recent acquisition, WazirX is one of the reasons why Bitcoin and other cryptocurrencies are gaining momentum in India.
You can buy, sell, trade, convert, and even stake your crypto tokens on WazirX. Their platform is super easy to use.
To deposit fiat cash, you can use a Bank transfer or UPI and use your INR balance to purchase coins like Bitcoin, Ethereum, and of course, Dogecoin – the topic of this article.
You see, you can deposit INR and purchase Bitcoin, which you can withdraw to any crypto wallet directly from WazirX. But you can’t buy Dogecoin and withdraw it from WazirX to your wallet. Currently, they only allow you to trade and HODL it.
And HODLing any cryptocurrency on any exchange is a bad, bad idea. The gold rule is that you should never leave your crypto assets in exchange unless your goal is instant trading. Hackers constantly target exchanges, and many have succeeded through the years.
The best idea is to store crypto in (cold) hardware wallets or (hot) smartphone wallets (only a few hundred dollars).
Check out my recommended list of both Hardware and Software wallets for storing your crypto in India.
Now that you understand the importance of wallets and have chosen one let’s begin with the tutorial.
This is the easiest way to withdraw Dogecoin from WazirX straight into your crypto wallet. This process is intended for Indian users but should work for anyone with a WazirX account outside of India.
Step 1: Purchase Dogecoin
First things first, you need some DOGE in your WazirX account balance to withdraw.
If you already have some, skip this step. If you don’t, keep reading.
Login to your WazirX account and click on Exchange.
Enter DOGE in the search field and select DOGE. Purchase any amount of DOGE. In the example above, I’m purchasing 1000 DOGE coins.
You will first need to deposit either INR or any other cryptocurrencies to trade with DOGE.
You can purchase any amount of DOGE since the withdrawal fees are pretty low.
Step 2: Transfer Dogecoin to Binance
Before you begin, this step you need an active Binance account. You can create open a new account here or if you don’t have one.
Make sure your Binance account is active and approved for transactions.
Binance and WazirX can be linked together for transferring funs between both exchanges. To connect your WazirX account with Binance, follow the instructions on this page.
Once you are sone connecting your WazirX account with your Binance account, you can use the Binance to send DOGE to your wallet. Click on the Funds link located at the top of the WazirX exchange.
On the next page, you’ll see the “Transfer funds to Binance.”
Click on it and select DOGE from the drop-down menu.
Enter the amount to DOGE you want to transfer and click on send. The best part is, you don’t have to pay any fees for this transfer.
Most of the time, the transfer happens almost instantaneously.
Step 3: Withdraw DOGE from Binance
Once the transfer from WazirX is complete. Login to your Binance account.
Click on the wallet and select “Fiat and Spot.” You’ll then be able to see all your cryptocurrency balance in your Binance account.
Select DOGE from the list and click on Withdraw.
On the next screen, enter your DOGE receiving address. Copy the address from your wallets and carefully enter it in the recipient’s address. Don’t rush and confirm at least twice to avoid send your Dogecoin to the wrong address.
After confirming the DOGE receiving address, transfer network (select DOGE), and amount, click on Submit button.
And congrats! – You’ve successfully withdrawn DOGE to your wallet.
It’s a little drag, but the process is one of the easiest ways to take full control over your Dogecoins.
There you go. That is how you withdraw Doge from WazirX. I use this same method from time to time.
You can verify if the transaction is successful by copying and pasting the Withdrawl address or Transaction #id from the Binance Withdrawal history into the Dogechain.
If you’ve any questions, let me know in the comments.
Very well documented.
Is there any exchange currently, which is allowing to withdraw DOGE to INR?
Also once I have the DOGE in my cold wallet, can I convert it to INR from any exchange on a later stage?
You can sell the Doge in WazirX and withdraw the INR balance. You need to reverse the process, i.e. Load to Binance, transfer to WazirX – that’s all. Alternatively, transfer DOGE to Binance and convert it to BTC, transfer it to any other wallet or exchange and liquify it. Or, convert DOGE to any other cashable currency using wallets like Exodus using the exchange option.
Binance is having a bad name these days. Do we have any other exchange where we can transfer doge.
WazirX and Binance are under the same ownership and integrated for Intra transfers. There is no other way around it.
Good stuff, I thought I was locked into WazirX. Very confusing UX on their end. Thanks
How much these conversions costs??
Zero. As there is no conversion, it’s a transfer.
What’s dogecoin withdraw fee? On Wazirx its listed 1000 Dogecoin withdraw fee on the withdrawal of 2000 Dogecoin. Its 50% of your fund being deducted as withdraw fee on the minimum withdrawal why is that so high? Am I missing something here?
WazirX doesn’t allow you to Withdraw DOGE, we are using Binance as a mediator here. 1000 DOGE fee is ridiculous to believe, I have no idea where you heard that. Binance charges about 1 DOGE per withdrawal, which may be more or less depending on the Blockchain you choose. You’re missing this – you’re misinformed and you don’t know it. Always remember to educate yourself from multiple resources.
Thanks a ton brother : )
What’s the purpose of Binance?
Am I able to Sell DOGE coins Without Binance account ?
Binance is used here as a way to withdraw your DOGE or Deposit your DOGE in your WazirX wallet. You can sell DOGE without Binance.
Now suppose I buy DOGE using WazirX wallet ( which you can fill up using upi or bank transfer). Ex: I have bought 5 DOGE for 95₹ when they hit their low being 19₹ for 1 DOGE and 4 days later the value of DOGE has gone up and the value now is 24₹ for 1 DOGE and if I sell now I get profit of 25₹ so I sell all my 5 DOGE for 120₹. Now I’ve 120₹ in my WazirX wallet. Now the question: Can I withdraw that 120₹ from WazirX wallet to my bank account? If Yes, is there a fee? If No then how can I withdraw? Thanks in advance
You sure can withdraw INR from your WazirX wallet anytime. There’s a negligible floating-rate fee.
I get how to withdraw dogecoin. But I want to know how to transfer doge from wallet to wazirX to sell it for inr. Please tell me if you know
Sure, I’ve got a tutorial for that here – How to Deposit Dogecoin on WazirX (Convert to INR)
Hey I was going to transfer my 100 doge to trust wallet from binance wallet… but the fee value was 5 doge for 100 doge that I was trying to move around. But I assume you replied to someone in the q&a that It would be 1 doge as withdrawal fee. M I missing something here. Please explain it to me
Fee % is floating, so you never know until the time of transfer.