It has soared in popularity regarding both general usage and online gaming. More mobile casinos are accepting Dogecoin than ever before.
If you’re interested in using DOGE to enjoy online casino games, then you may find the following guide helpful. It covers more on Dogecoin, how to make casino deposits with it, and the pros and cons of doing so.
What Is Dogecoin?
Software engineer Billy Markus created Dogecoin in 2013 as something of a joke. Using the tagline of “the absurdity of Dog Money,” Markus intended DOGE to be a Bitcoin parody. He used the famed doge meme, which features a Shiba Inu dog, as the logo.
Markus also planned for Dogecoin to be a legitimate currency. He just wanted a coin that inspired a “community that was more fun, lighthearted, and inclusive.”
Markus and Jackson Palmer, a Sydney, Australia native, forked DOGE off Litecoin. They also worked on the open-source protocol.
Although Dogecoin is similar to Bitcoin in ways, it’s also different too. This coin allows for an unlimited number of coins. Therefore, miners can theoretically continue making infinite Dogecoins.
Secondly, it relies on Scrypt technology just like Litecoin. Scrypt ASIC differs from Bitcoin’s SHA-256 by allowing for faster mining and transactions. The downside, though, is that Scrypt leads to slightly less security than SHA-256.
This joke coin has suddenly become far more than a joke and is being used around the world.
Why Has Dogecoin Become So Popular?
While Dogecoin was originally intended to be a joke, it’s anything but these days. It’s now one of the most-popular ways to make crypto-related payouts.
The Tesla CEO has tweeted various memes regarding this coin. For example, he once tweeted a cloudy Shina Ibu dog rolling over the world’s financial system. The tweet states, “The Dogecoin standard.”
From anybody else, this tweet would just be a fun way to express support for their favorite coin. From Musk, who’s worth $150 billion and is world famous, it means far more.
DOGE shot up in value immediately after the meme. It has continued rising to epic proportions thanks to other such tweets by Musk. The Dogecoin market cap is currently worth around $70 billion at the time of this writing.
Of course, it’s not just the South African billionaire’s musings that have helped Dogecoin reach this point. It has served as a reliable payment option for any cryptocurrency enthusiast.
How to Deposit at Dogecoin Casinos
DOGE isn’t too difficult to use for mobile casino deposits. You can read the simple steps on depositing with it below.
Step 1: Find an Online Casino that Accepts DOGE
Most crypto-friendly gaming sites only accept Bitcoin. However, a growing number of online casinos are taking other cryptocurrencies too.
Given this coin’s increase in popularity, you’ll have an easier time finding DOGE casinos than ever before. Nevertheless, you still need to scout out quality gaming sites and ensure that they accept this coin.
Step 2: Purchase Dogecoin at an Exchange
Almost every cryptocurrency exchange supports DOGE. However, not every exchange lets you make fiat deposits. Some exchanges only allow crypto-to-crypto transactions.
If you don’t already own Dogecoin, then you’ll first need to make a deposit. Some of the top fiat exchanges that sell DOGE include Binance US, Bithumb, Gemini, Huobi, Kraken, and KuCoin.
After funding an account, you can proceed to purchasing DOGE. You locate this coin from the available list and enter how much you’d like to buy. You’ll receive the Dogecoin after confirming the transaction.
Step 3: Get the Casino’s Wallet Address
The next step involves heading to your chosen online casino and obtaining a wallet address. You begin this process by visiting the casino’s banking section. Assuming you follow Step 1, then you’ll have likely already been here.
You need to scroll through the list of available options and select Dogecoin. You’ll generate a wallet address that serves as the recipient for the transaction.
Step 4: Send DOGE to the Casino
With the wallet address now in hand, you head back to the exchange. You’ll then choose to send your Dogecoin.
At this point, you’ll see a blank field for the recipient. You want to enter the online casino’s wallet address here.
It’s very important that you double and triple check the address to make sure it’s correct. After all, you don’t want to send DOGE to the wrong place and lose it forever.
Upon deciding how much of this coin to send, you submit the transaction. The coins will later arrive in your casino account. You shouldn’t need to wait long for the funds because DOGE is one of the fastest cryptocurrencies.
The same online casinos usually accept other popular cryptocurrencies, such as Ethereum, XRP, Bitcoin Cash, and Litecoin.
Dogecoin-only casinos aren’t very common in the gaming industry. Those that do exist usually offer provably fair gaming.
However, some online casinos do exclusively accept Ethereum. If Dogecoin continues on its upward popularity trend, then DOGE-only casinos could also become a thing.
Benefits of DOGE Casinos
Dogecoin has proven a reliable cryptocurrency in its existence. Therefore it’s a safe way to make online casino deposits.
DOGE is also available at many cryptocurrency exchanges. You shouldn’t have much trouble finding an exchange that supports Dogecoin.
This coin allows for fast transactions when compared to other cryptocurrencies too. You can often send DOGE in one minute or less.
Dogecoin also features lower transaction fees than Bitcoin and many other payment coins. It’s perfect for low rollers who don’t want to sacrifice much of their bankroll through transaction fees.
Downsides to DOGE Casinos
Although Dogecoin is currently one of the five most-popular cryptocurrencies by market cap, it’s still not widely found at casinos.
Again, real money online casinos that get into crypto always eye Bitcoin first. From here, they may branch out into Ethereum before ever considering DOGE. You’ll need a little time to find a Dogecoin-friendly casino as a result.
The DOGE network is also slightly less secure than Bitcoin’s network. While Dogecoin has proven reliable in its history, Scrypt technology sacrifices some level of security for speed.
Like all cryptocurrencies, DOGE is also subject to volatility.
Depending upon how the market is going, your coins could rise or fall by 20%+ within a single day.
Is Dogecoin as Good for Online Gambling as Bitcoin?
As covered above, Dogecoin holds some distinct advantages over BTC. It’s faster and has smaller fees, which helps you make quick and cheap deposits.
Of course, Bitcoin also enjoys certain advantages over DOGE. It is available at more online casinos than any other cryptocurrency and is also extremely secure.
In summary, Dogecoin can be better than BTC for online gaming purposes. However, everything depends upon exactly what you’re looking for.
Do you value quicker deposits and fewer fees? If so, then you should seek out a DOGE mobile casino.
Are you looking for the most network security and online casino availability? In this case, Bitcoin is the superior option.
Dogecoin is no longer a joke cryptocurrency based on an internet meme. Instead, it’s risen to become a serious currency option for mobile gaming and beyond.
That said, you can’t go wrong by depositing with DOGE. You’ll enjoy some of the lowest fees and fastest deposits available.
Like any other cryptocurrency besides Bitcoin, though, Dogecoin is hit and miss when it comes to availability. For online casinos, it’s Bitcoin first and Ethereum in a distant second.
Luckily, Dogecoin is available at more gaming sites after its explosion. You shouldn’t experience much trouble finding a DOGE casino if you really want to use this cryptocurrency.
Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. ...
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