Dogecoin is a cryptocurrency based on the principles of Bitcoin, born four years after its predecessor. Considering it uses its underlying mechanics, how is Dogecoin different than Bitcoin?
In 2013…
…two buddies, Jackson Palmer, working as a manager at Adobe, and Billy Markus, an Oregon programmer, decided to have fun tackling the Bitcoin concept. They were obsessively monitoring its growth and fluctuations, watching it evolve and develop up until the cryptocurrency achieved its peak value. This is when they decided to try and make a learner-friendly derivative of the cryptocurrency, which would help new users get acquainted with virtual currencies better and faster.
In the meantime…
…there was a meme going around the internet featuring a funny, Shiba Inus dog, with a weird grimace. So, in order to create a cryptocurrency that would both seem fun and reflect the creators’ desire for it to be user-friendly, especially for new users, they decided to name it Dogecoin and feature the hilarious dog on its logo.
On December the 6th…
…therefore, Dogecoin was born, as described by its creators “an open-source peer-to-peer digital currency, favoured by Shiba Inus worldwide”. The learner-friendly counterpart of Bitcoin received quite a decent audience as soon as it was released. Many people interested in holding coins themselves were impressed by the new concept and started a website where information regarding the digital currency was present. The site allowed users to share their suggestions and advice on how the cryptocurrency can be improved, all supportive and cooperative amongst each other.
The Reddit community…
…formed at this point, focused on keeping the cryptocurrency as friendly as possible, especially when it came to new members. Needless to say, it is still active to date. Two years after its creation and the cryptocurrency reached 100 billion in circulation. In the meantime, Palmer, one of the founders, gave up on the project and moved on to other ventures. But while at it, he was caught saying that Dogecoin was “just a dog on a coin”, a coin which should not be viewed as an investment asset and held for that purpose, but should be used for paying and buying and as a store of value without an exchange, contrary to Bitcoin.
Even though…
…Palmer quit on it eventually, Dogecoin had a record increase at the beginning of 2018, of more than 400%. It still remains very active, with more and more people getting their coins and more and more services offering it as a payment option, safe casino sites included.
On that note, Dogecoin is still not as widespread across online casinos as its predecessor, per se, however, more and more online casinos are showing interest in it. And considering operators are always looking for ways to please their customers, with all kinds of Live Dealer games, progressive jackpot slots and a variety of payment methods, this virtual currency is destined to receive the recognition it deserves.
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How Does It Work?
Considering it was based on Bitcoin, Dogecoin pretty much works like it and any other cryptocurrency, so users would need to first choose the type of wallet they want to keep their coins in and create it.
The most used wallet…
…option is the online wallet or eWallet. To use the eWallet for your coin collection, you would need to have an internet connection. You need to create an account and from there on, you can manage your coins.
Then you have the safest solution, the desktop wallet. Given the fact that you can use the eWallet on a desktop or mobile device, you have two options: to download and install a desktop or a mobile version of the wallet. MultiDoge is one such wallet that offers day to day transactions and can be downloaded on multiple platforms with the major operating systems. Once installed on your desktop, you don’t need an internet connection to control your coins. You would need one, of course, if you want to pay or buy something with them.
One of the two remaining options is the cold storage or the hardware wallet which is usually a USB or a removable hard disk where you can store your coins and protect them with a key that only you would know. This way no one can get access to them except you. The other one is the least preferred one, the option where you write down your wallet key on a piece of paper to further store it at a bank deposit box or something like that.
Once you’ve chosen the wallet…
…you need to get some coins. You can do that by mining, just like with Bitcoin, or you can buy them or exchange them using other cryptocurrencies or fiat currencies. Mining is recommended for those who have the means and resources to mine for coins, so it is not a solution for everyone. Getting the coins from exchanges like ANXPRO, WeSellDoge or LocalDogecoin using your fiat money or other cryptocurrencies may be the smartest option.
There are two other alternatives for obtaining coins, but you’ll need to be participating in the community actively, in order to get your first coins via tipping. A couple of faucets services also allow newbies to collect some amount of coins via the system by inputting their eWallet address. But this process usually takes way longer than the other ones mentioned.
Finally…
…once you have your coins, you will need to store them. Providing your alphanumeric combination, the public address key of your wallet, to the appropriate faucet or exchange service, you will get the coins on your wallet, to use them however it pleases you.
Depositing and Withdrawing with Dogecoin
As mentioned, online casinos do everything in their power to attract as many new players as possible and keep the existing ones as long as possible. Therefore, they continuously add new releases games and payment methods on their lists to cater to all possible players.
This way…
…Dogecoin has found its way across online casinos. Many supporters of the cryptocurrency expressed their desires to play at online casinos with it, and casinos listened. That’s why today you will find it on the lists of deposit and withdrawal methods across a variety of online casinos.
But, the first step you need to make is finding such casinos that accept it as a payment method. Make sure you inspect them for trustworthiness, licenses by respected jurisdictions, and security above all, and then the game selection and bonuses they offer. Find one suitable for you and join it.
Making a deposit…
… with this digital currency is pretty simple, considering you’ve obtained coins and stored them on an eWallet. All that’s left for you to do is log in to your online casino, go to the Banking/Cashier page and find Dogecoin. Select it as your deposit method and copy the address from the casino wallet. On your wallet, input that address as a destination point, and enter the amount of coins you would like to send to the casino wallet. Just like with Bitcoin, the coins will be on your casino account safely and instantly.
To withdraw your coins…
…from the casino, repeat the same process, only in reverse. This time you would need to choose Dogecoin, and request a withdrawal from the casino by giving it your public key number, ergo the destination where the casino should send your coins, and by entering the amount of coins you want to withdraw. Considering transactions with cryptocurrencies are irreversible, triple-check whether the alphanumeric sequence of your public key is 100% correct before providing it to the casino. You don’t want the coins you’ve won to be sent to a wallet that’s not yours, right?
Advantages and Disadvantages of Using it Across Online Casinos
Several advantages and disadvantages of this cryptocurrency have already been mentioned throughout this article. However, it is better that we sum them up so you can have a clear picture of what to expect.
Among the benefits…
…you can get by using Dogecoin across online casinos, especially if you’re new to cryptocurrency finance, is its ease of use and user-friendly approach. You have step by step instructions and a massive support community to step up and assist you with anything you need. As you can see, once all that is covered, depositing and withdrawing with this method is pretty easy and simple.
Moreover, practically no fees and expenses exist when using this virtual currency. Sure, if mining for coins, you would have larger electricity expenses, but there are no fees to the transactions themselves.
On that note, Dogecoin is still low in value, compared to other cryptocurrencies, and that’s why it is an excellent choice of digital currency to use for online gambling since you won’t risk losing massive amounts of money.
And then, of course, you have all the perks provided by any cryptocurrency with Dogecoin, as well. Thanks to its blockchain technology, it is a safe, anonymous and decentralized payment option for all online casino players wishing to stay off-records when gambling online, and want no authority to monitor their spending.
Major drawbacks…
…however, include the lack of stability and the irreversible transactions. The former seems like it would never change since due to its decentralized nature, it is yet to be endorsed by worldwide governments, if ever. As such, its value fluctuates and is still lower than of most other cryptocurrencies.
And again, due to its underlying technology, the peer-to-peer concept, no one can help you out if you made a wrong transaction and entered the wrong key. Coins sent or received cannot be retrieved, ever, because no one is tracking the transaction and no one is monitoring the whole process. But, if you’re being careful enough and if you don’t mind its low value, Dogecoin can indeed be an incredible solution for online gambling purposes.
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FAQs
If you insist on playing with cryptocurrencies, then Bitcoin and Bitcoin Cash are great alternatives. Ethereum and Litecoin are nice options, as well, but so is MuchBetter, an eWallet that allows and enables payments in both cryptocurrencies and fiat currencies. If looking to play with fiat currencies only, you have a massive choice of eWallets, credit, debit and prepaid cards, gift cards and bank transfer options.
No, and that’s the most important thing you need to keep in mind when using this and any other cryptocurrency. You need to be extra careful when inputting the address key and the amount of coins you want to cash out or receive.
Bitcoin is a pioneering cryptocurrency, the first one that appeared, so it is only natural for casinos to promote its use by giving players bonuses and promotions for using it. Since Dogecoin is slowly but steadily catching up, you may want to keep a close eye on the cryptocurrency-based casinos, as you may find an offer that goes strictly for Dogecoin players. However, any online casino that offers it as a payment method would most certainly allow you to claim a bonus and deposit and withdraw with the digital currency as it suits you.
When its creators invented it, Dogecoin was meant to be used for recreational purposes, online. Unlike Bitcoin, which already has a network of land-based access points, this digital currency can only be exchanged and used online.
Reddit is the community created approximately at the same time as Dogecoin itself. It currently has over 150k members, each of them discussing, sharing and hoarding about the virtual currency. Tutorials, instructions and advice can be found on its website, so if you’re new to the cryptocurrency, make sure you check it out.
Dogecoin is ok it’s really growing in popularity tho there’s allot of weird going around about it so it might be the new Litecoin soon
Dogecoin is a very fast crypto transaction. It takes not longer than a second and the coins are on your casino wallet.
But for my opinion is the fee for dogecoin transactions a little bit to much. That’s the reason why I didn’t used that so much.
I think the problem is my crypto-app provider and not dogecoin.
See you
I hace aols dogcoin wallet that I cant get get into The wallett exchange is now banned in my area so i am screwed for now or forever who knows anyone have any advice for me
I’m new to crypto currency but I have used dogecoin a few times and it is my second choice when buying and sending crypto the fees are responsible and it doesn’t take very long for the deposit to clear on the block chain I love it
Dogecoin to me doesn’t provide me with enough benefits for using above others like LTC, USDC,USDT… it’s just getting to be widely accepted but I don’t think in my geographic location has many options. I know with it being involved in politics as far as a couple specific people in the USA it has an interesting journey ahead and very well may become the go to crypto, or it might tank completely as some have.
I love dogecoin DOGE, it has made me money both with casino and just by buying it when it was low and first came out. it is a great way todeposit because you knoww it will be scure and with little to no fees. its gained quite popular since it first arrived in the cryptocurrrency market.
I love Dogecoin. It’s my favorite cryptocurrency, as I love the Doge meme!
I used Dogecoin to make a couple small deposits at various online casinos and never had any problems. Transaction fees are low and the coin transfer was done fast each time.
Dogecoin is fast, cheap, and increasingly popular for casino payments. Transactions are quick, and fees are low compared to other cryptocurrencies. Its value can fluctuate, but it’s a fun, reliable option for players who prefer crypto.
Who doesn’t love dodge coin? It’s cheap with low fees and it’s represented by a cute corgi ! So you can have a happy thought of a cute dog it’s like the sliver coin but better and instead of George Washington it has a familiar dog on the face
I deposited with DOGE once just for 💩 and giggles. It was quite expensive on the fees but very quick to arrive. It’s also readily available as a deposit and withdraw method in most crypto accepting platforms now. It’s also just hella cool.
Dogecoin (DOGE) is an excellent option for those who want to make fast and affordable transactions. With its low fees and quick processing time, it’s becoming increasingly popular among online gamblers. While initially created as a joke, Dogecoin has gained real-world utility, especially in the crypto space. Many casinos and online platforms now accept DOGE, making it easy to deposit and withdraw funds. It’s a great choice for anyone looking for a fun and efficient way to manage their gambling funds.
Dogecoin reigns supreme for casino transactions due to its lightning-fast speed, negligible fees, and the community’s playful, tech-savvy vibe. It’s a fun and efficient way to place your bets!
I can’t for the life of me understand the reasoning behind using any payment method other than Doge and/or all other crypto payment options. They’re secure, fast, easy on top of these, it generally eliminates many of the casinos excuses to delay or even not to payout your winnings. The biggest plus to playing with doge is the betting structure for bgaming games using doge is my favorite
I’ve been seeing a lot more casinos accepting dogecoin in the past year or two for South Africans. Admittedly not the first coin I reach for when depositing with crypto, but whenever I have used it there have been no issues. Standard fees and transaction times as far as I can tell.
This is a cheap currency as well as fast transfers if this is an option i would highly recommend it.
I’ve started using Dogecoin for my online casino transactions, and it’s been a fun experience! The deposits are super quick, which I love because I can dive into my favorite games right away. The low fees are a nice bonus, too. Plus, I enjoy the playful vibe of Dogecoin—it makes the whole process feel a bit more lighthearted. The only downside is that not all casinos accept it yet, but I’m hopeful it will become more popular. Overall, I’m really enjoying it!
Dodge Coin is great don’t get me wrong the fees are low for transactions and it’s very simple to use of course if you haven’t used it I would recommend you give it a try I went to it after Bitcoin fees or rather high for a while for the transaction fees but Dodge Coin has recently gone up in price end so some casinos have a minimum deposit amount which used to be low for Dodge Coin but now it’s above average based on what I can tell for the casinos that I typically utilize but it’s definitely worth a shot I hit $3,000 using it on one of the first few times I deposited at one of my favorite casinos so I used it for quite a while good luck to everyone
I haven’t personally seen too many casinos that accept Dogecoin, but if more did then I would probably add it into the rotation if cryptocurrency I use for depositing and withdrawing. I’m not sure if it’s value has cracked $1 still yet, and I’m not sure it ever will, but at least you can expect some consistency in its value I suppose.
Man, I wish I kept mine… instead of losing all at BC and Stake. It would be small fortune now when Doge gone up this much. Dammit :))
If for some reason Litecoin was busy which I have only seen once it take over 10mins to transfer funds Dogecoin has been my #2 crypto to use. Super fast no insane gas fee’s and its confirmed on the blockchain by the time i go to reload my webpage. A++++ love using this coin. cheap and reliable!
I LOVE using dogecoin for my deposits and withdrawals because it’s fast and low fees. Many casinos I play at allow it for deposits and withdrawals and some even allow you to play directly with the crypto itself
Dogecoin is another coin I like using for my transactions because it aswell has very low fees also I feel it is a somewhat stable coin and does not have a crazy fluctuations in its price that’s as far as my experience decent choice.