Just In
- 2 hrs ago IPL 2024: Best Airtel Prepaid Plans to Stream Indian Premier League
- 3 hrs ago Motorola Edge 50 Pro Price in India Leaked Ahead of Official Announcement
- 17 hrs ago Samsung Galaxy A55 vs Galaxy S23 FE: The Battle of Samsung’s Premium Mid-rangers!
- 19 hrs ago IPL 2024: How to Get Free Indian Premier League Stickers on JioCinema
Don't Miss
- Finance What Lies For Dalal Street In Upcoming Week? Market Awaits US GDP Data; Nifty At 22,000; F&O Expiry
- Sports MI vs GT Dream11, IPL 2024 Match 5: Prediction, Possible Playing 11 and Squads as Hardik go against Gill
- News Trump Links Obama To ISIS Amid Moscow Tragedy: Viral Video Sparks Controversy
- Lifestyle Holi 2024: 5 Dental Tips For A Safer Holi So That You Have The Brightest Smile
- Movies Shaitaan Box Office Collection Day 17: Ajay’s Film To See Jump in Numbers Ahead Of Holi; To Cross 125Cr
- Automobiles Skoda Kodiaq SUV Price Slashed: Streamlines To L&K Variant In India
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
- Education UPSC ESIC Nursing Officer Recruitment 2024; Apply Online for 1930 Posts, Know more
DubaiCoin Purchase In India: How To Invest DubaiCoin And Is It Safe?
Cryptocurrency is the buzzword today, especially for Bitcoin and Dogecoin traders. At the same time, there's a new player in the market that you should know. DubaiCoin is (DBIX) is based on a public blockchain and is the latest crypto trading on a select number of exchanges. If you're looking to trading in crypto, here's everything you need to know about DubaiCoin, including purchasing details from India.
DubaiCoin Explained
Dubai is the latest country to jump the crypto bandwagon with the new DubaiCoin. Within 24 hours of its launch, DubaiCoin has risen by 1,000 percent. What started with just USD 0.17 has spiked to USD 1.13 within just a few hours. Despite its name, the government of Dubai has officially confirmed that it hasn't approved the new crypto with any official authority.
To note, Arabianchain Technology launched DubaiCoin based in the UAE, claiming to be the first cryptocurrency in the Arabic World. Right from the start, DubaiCoin claims to be different, allowing transactions for a wide range of products and services both online and offline. Despite its promises, DubaiCoin is still not recognized by the government.
Dubai Coin cryptocurrency was never approved by any official authority.
— Dubai Media Office (@DXBMediaOffice) May 27, 2021
The website promoting the coin is an elaborate phishing campaign that is designed to steal personal information from its visitors. pic.twitter.com/Q0HBXfqaDO
That said, Arabianchain has said that the city of Dubai is regulating its price. For all we know, the government of Dubai could approve the new DubaiCoin as the digital currency of the country - although these are mere speculations right now. If approved, DubaiCoin could be something similar to the official digital Yuan present in China.
How To Invest In DubaiCoin In India?
DubaiCoin seems to be on a sharp rise, spiking 1,000 percent soon after its launch. Naturally, traders and crypto miners would like a piece of this cake. However, DubaiCoin is still unavailable on any major exchange. Presently, it is available for exchange at HitBTC and Cryptopia at the time of writing. That said, interested traders can get DubaiCoin by exchanging it for Bitcoin or Binance Coin at exchanges where DubaiCoin is available.
Like all crypto, it's best advised to research the digital currency before investing in it. This applies more to DubaiCoin as it's fairly new and seems to be very volatile right now. Moreover, the Dubai government hasn't officially sanctioned it, which could further make its value drop. Those looking to invest in DubaiCoin in India are advised to research its legitimacy before going ahead.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
8,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
16,258
-
25,999
-
26,999