{"id":3567,"date":"2023-05-04T02:47:54","date_gmt":"2023-05-03T21:17:54","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=3567"},"modified":"2023-05-26T14:54:01","modified_gmt":"2023-05-26T09:24:01","slug":"how-to-convert-doge-to-inr-and-withdraw-to-bank","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/how-to-convert-doge-to-inr-and-withdraw-to-bank\/","title":{"rendered":"How to Convert DOGE to INR on WazirX (Sell & Withdraw to Bank)","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
We’ve covered how to withdraw Dogecoin (DOGE) from WazirX to a crypto wallet.<\/a><\/p>\n Withdrawal from DOGE after you buy it is simple. But what if you need to sell it?<\/p>\n Sure, if you keep the DOGE in your WazirX exchange wallet, you can sell it anytime. However, WazirX currently doesn’t allow you to deposit DOGE in your exchange wallet.<\/p>\n To sum it up, you can buy DOGE on WazirX but once you withdraw it, you can’t deposit it back. At least not directly because of their Rapid Listing Initiative.<\/a><\/p>\n So, I thought I’d show you how to convert Dogecoin<\/a> into INR and withdraw the INR balance from WazirX straight to your bank account.<\/p>\n There are three ways to do this.<\/p>\n This is the easiest and the quickest way to cash out Dogecoin.<\/em><\/p>\n WazirX doesn’t support direct deposit of DOGE. So how about we convert it into ETH or BTC, both of which can be deposited easily.<\/p>\n Use a hot wallet to convert the DOGE into BTC or ETH. You can then deposit the ETH or BTC easily to your WazirX exchange<\/a> wallet and sell them. Once you sell them, the funds will be available for instant withdrawal.<\/p>\n <\/p>\n I recommend using either Exodus or Atomic wallet. Exodus is my favorite wallet and it allows you to convert Dogecoin into Bitcoin, ETH, Cardano, USDT, and other different cryptocurrencies.<\/p>\n Here’s how to do it:<\/strong><\/p>\n Step 1: Install Exodus wallet<\/a> on your smartphone or your PC (I’d recommend the smartphone app)<\/p>\n Step 2: Convert DOGE into ETH or BTC.<\/p>\n Step 3: Deposit the converted BTC or ETH into your WazirX account, sell it, and withdraw the INR balance to your bank.<\/p>\n This method will cost you a conversion fee which can be a little high depending on the market, especially in a crowded market with a high transaction rate.<\/p>\n But this method is applicable to any exchange, not just WazirX. If your exchange doesn’t support the Dogecoin deposit, convert it into a currency it does support. Then sell it off.<\/p>\n If you wish to save this conversion fee, follow Method No. 2 below.<\/p>\n To follow through with this method of converting DOGE into INR, you will need an active Binance account.<\/a><\/p>\n In a nutshell, all you have to do is:<\/p>\n For beginners, below is a detailed tutorial on how to convert your Dogecoin to INR, pretty easily.<\/p>\n Log in to Binance and Click on Wallet, then select “Deposit & Withdraw”.<\/em><\/p>\n <\/p>\n Click on the Deposit<\/strong> button at the top.<\/p>\n <\/p>\n Click on the drop-down menu under the coin section. Here, enter DOGE<\/strong> in the search bar and select Dogecoin.<\/p>\n <\/p>\n Copy the deposit address shown at the right corner of the screen, as shown below. This address is where you will send the Dogecoin<\/strong> you wish to convert into INR.<\/p>\n Make sure you click on “dogecoin” and not on “BEP2”.<\/p>\n <\/p>\n Open your hot or cold crypto wallet<\/a> and select DOGE. Click on transfer.<\/p>\n For example below, I’m using my Ledger Wallet, which is a cold crypto wallet<\/a>.<\/p>\n Paste the Dogecoin wallet address you just copied from your Binance wallet in the “Recipient Address” field.<\/p>\n Read the address twice and make sure it is right<\/strong>. Once sure, initiate the transfer.<\/p>\n <\/p>\n Once you’ve transferred the DOGE from your wallet to Binance, you’ll have to wait a couple of minutes before they appear in your account.<\/p>\n You can track the status of the deposit by scrolling down the “Deposit” screen under the Binance wallet<\/em> section.<\/p>\n You need to remember two things:<\/p>\n To check how many confirmations your transaction has gotten so far, visit the Dogechain<\/a> and enter the transaction ID found in the “Recent Deposit History” section of your Binance wallet.<\/p>\n <\/p>\n Once the deposit is successful you’ll see the DOGE balance reflecting the dogecoins added.<\/p>\n <\/p>\nMethod 1: Convert DOGE using Exodus Wallet<\/h2>\n
Method 2: Use Binance to Deposit DOGE in Your WazirX Exchange Wallet<\/h2>\n
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