BetOnline to Accept Dogecoin as Payment Method 

By in Cryptocurrency on
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Dogecoin-BetOnline

Cryptocurrency is all the rage. It was only a couple of years ago that Bitcoin burst onto the scene. While Bitcoin’s price has fluctuated wildly over the past year, it has long since established itself as the premier name in the world of crypto.

Bitcoin’s rise has come thanks in large part to more and more companies accepting it as a method of payment. You can use Bitcoin to make deposits and withdrawals at just about every major betting site in the world nowadays, which is no small thing. More people are ditching traditional forms of payment in exchange for cryptos. Betting sites are well aware of the trend, and they’ve adapted accordingly.

Of course, Bitcoin isn’t alone. There are thousands of different kinds of cryptocurrencies being circulated today. As of September 2021, it was estimated that there were over 6,500 in circulation. Needless to say, the vast majority of them are essentially worthless with very little trading volume.

However, a few have emerged as decent competitors to Bitcoin in the crypto space in recent years. Most legit betting sites currently accept other options, including Ethereum, Litecoin, and Ripple. Ethereum’s price (about $3,466) pales in comparison to that of Bitcoin (about $47,000) right now, but Bitcoin doesn’t have a total monopoly in the crypto game.

Betting Sites Now Accepting Dogecoin

For a variety of reasons, another crypto has been making headlines in 2021. Dogecoin, which was created back in 2013 as a joke between a couple of friends, has made its way into the crypto mainstream this year. The value of each Dogecoin is extremely limited – about 24c per, as of this writing – but the supply is limitless. About 10,000 Dogecoins are minted every single minute. Unlike Bitcoin, which is valuable because of its limited supply, Dogecoin was created with abundance in mind.

Dogecoin has become so popular within the last year that a number of big-name betting sites are now accepting it as a viable form of payment. BetOnline, SportsBetting.ag, Wild Casino, and Super Slots recently announced that Dogecoin, Chainlink, Tether, and USDC are now acceptable ways to make your deposits and withdrawals.

This is a big deal, and it’s just the latest confirmation that Dogecoin, and cryptocurrency at large, are here to stay.

Betting Sites History

Dogecoin has been bouncing around the internet for nearly a decade. While it’s a relatively new name to you and me, the crypto itself has been available for quite some time.

The creators of Dogecoin may not have had legitimacy in mind when they drummed up the idea, but it sure has taken off in recent months. Elon Musk spent several months hyping it on social media earlier this year, and he even gave Dogecoin a shout out during his stint as host of Saturday Night Live back in May.

Massive, well-respected betting sites like BetOnline, SportsBetting.ag, Super Slots, and Wild Casino deciding to accept Dogecoin as a usable banking option is a clear sign that this is no longer a joke.

BetOnline.ag, for example, is one of the oldest online betting sites still in operation. The company started back in 2001, and it wasted no time in establishing itself as a premier destination for both sports and casino bettors alike. The site, which operates out of Panama, has been a safe place for Americans to bet on sports and play real money casino games over the internet for two decades.

SportsBetting.ag, Wild Casino, and Super Slots all operate under the BetOnline umbrella. SportsBetting.ag, as the name indicates, is primarily a sports betting site. Wild Casino offers an incredibly diverse array of online casino games, while Super Slots primarily focuses on all-encompassing online slot machines.

Crypto Boom

Bitcoin, which was the first of its kind, was released back in 2009. Since then, thousands of other cryptos have launched, though none have been able to achieve the success that the original has enjoyed.

Crypto was newsworthy at times over the previous decade, but it really found its way into the American mainstream earlier this year. Back in April, Elon Musk announced that he had decided to convert 10 percent of Tesla’s cash reserves into Bitcoin. That amounted to well over $1 billion, and it subsequently sent Bitcoin’s price skyrocketing to the moon.

Musk’s move was a bold one. Some believe the value of traditional currency, including the American dollar, will only continue to decline in the years to come. Those same entities have encouraged people to instead invest in cryptocurrency with an eye on the future. Whether cryptocurrencies eventually render cash and banks obsolete remains to be seen, but recent advancements in the crypto space have changed the way people and companies do business.

Major betting sites choosing to accept Dogecoin and other forms of crypto is just one example of crypto’s meteoric rise. As recently as two years ago, the idea of a site as reputable as BetOnline opening its doors to a meme-based cryptocurrency would have sounded ludicrous. Now, some are wondering how this didn’t happen sooner than it did.

The primary concern when it comes to the crypto boom is security. Crypto has emerged as a global currency, and the fact that it is based almost entirely through the internet raises potential cybersecurity issues.

Perks of Using Crypto at Online Betting Sites

One way for the best online betting sites to set themselves apart from their competitors is by getting out ahead of the field in the cryptocurrency game. Not all sites accept crypto yet. If you’re a Dogecoin collector, for example, there aren’t many online betting sites out there willing to accept it at a way for you to make your deposits or withdrawals.

However, the top sites have been trending in this direction for quite some time. Not only does BetOnline and its sister sites accept Bitcoin, but the sites even offer additional perks to those that do choose to use crypto.

Users that deposit using Bitcoin, Dogecoin, Litecoin, or any other crypto at BetOnline will not be subjected to deposit fees. Users may also redeem a first-time deposit bonus of up to 100 percent on their initial deposit, which is among the most attractive promotions you’ll find in the industry today. BetOnline is also offering a 35 percent reload bonus if you put more money into your online betting account using one of the numerous accepted forms of cryptocurrency.

These are perks that bettors using other forms of payment simply won’t have access to. Not only are you getting ahead of the game by making your online betting payments with Dogecoin, but the sites are actively rewarding you for doing so!

What’s Next for Dogecoin?

Needless to say, catching Bitcoin will be an incredibly tall task for Dogecoin. Obviously, there’s no way Dogecoin will ever come close to Bitcoin’s popularity or value. As long as Dogecoin remains abundant, the per-unit value is going to remain incredibly limited.

That said, some prognosticators believe the value will continue to rise in the years to come. According to DigitalCoin, Dogecoin’s average price next year will rise to about 44 cents per share, up from 36 cents in 2021. That number should rise again to 71 cents per share in 2023 before finally cracking $1 on average by 2028.

Of course, 2028 feels rather far off as of now. On the bright side, there is no limit to the amount of Dogecoin you can collect, nor is there a cap on the amount of Dogecoin in circulation.

It may have started as a meme, but perhaps BetOnline’s decision to accept Dogecoin as a viable method of payment will finally make people realize that it’s here to stay.

Taylor Smith

Taylor Smith has been a staff writer with GamblingSites.org since early 2017. Taylor is primarily a sports writer, though he will occasionally dabble in other things like politics and entertainment betting. His primary specialties are writing about the NBA, Major League Baseball, NFL and domestic and international soccer. Fringe sports like golf and horse racing aren’t exactly his cup of tea, bu ...

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