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).
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.
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.