Dogecoin
Overview
Dogecoin, a cryptocurrency with the Shiba Inu Dog as its symbol, is a decentralized digital currency that offers lower transaction fees than Bitcoin. It has become a valuable option for online purchases, including online casinos, where it has gained popularity. As of now, Dogecoin is ranked 33rd on CoinMarketCap with a total market valuation of $1,119,173,132.
A Guide to Utilizing Dogecoin
Are you curious about what you can accomplish with Dogecoin? In fact, there are a plethora of options available!
Here are a few examples:
- Exchange the cryptocurrency’s token, DOGE, on cryptocurrency exchanges for other digital currencies.
- Store your DOGE in a secure wallet for future use.
- Consider holding your DOGE as a long-term investment.
- Utilize DOGE as a digital currency to fund your online gambling accounts or purchase products and services online.
Using Dogecoin to Play Casino Slots
For those new to the cryptocurrency world, cryptocoin casinos provide access to the same real-money slots as traditional online casinos, but with added benefits like Dogecoin bonuses or no-wagering free spins.
Playamo is an example of such a casino that offers over 3,500 slots that can be played with Dogecoin, including via their mobile app. At most Dogecoin casinos, players can enjoy classic and 3D slots, as well as progressive jackpots, while remaining anonymous and separating their gambling from their daily life.
Games found at Dogecoin casinos, including slots, are certified fair through the use of blockchain technology. Transactions are verified, and odds are completely random, with no third-party interference.
Dogecoin casinos also partner with reputable software providers, such as Microgaming, Endorphina, NetEnt, and Novomatic, ensuring quality gaming experiences for their players.
Playing Blackjack and Poker with Dogecoin in Crypto Casinos
Looking for an easy way to deposit and cash out in Dogecoin while playing your favorite casino games? Many cryptocurrency casinos offer Dogecoin blackjack and poker options with additional incentives such as VIP limits, lower house edges, and live dealer games.
One of the best options for Dogecoin blackjack is Fortune Jack, which offers 43 variations of the game, including Single Deck, Multihand, American, and Double Exposure, as well as three live blackjack games from Evolution Gaming. All of their games are also provably fair.
When it comes to poker, Dogecoin casinos typically offer video poker options such as Oasis, Caribbean Hold’Em, and Triple Edge, as well as a dedicated live poker section where you can play against a live dealer in real time.
While Dogecoin may not be the best option for high rollers due to its relatively low value, it’s perfect for those who prefer to play with smaller sums. Plus, all transactions are verified by blockchain technology, ensuring fairness and security.
Exciting Dogecoin Games to Play
Doge Casinos offer a wide range of games, beyond the traditional card and slot games. Some of the most popular ones in the crypto community include Doge dice, sports-betting, minesweeper, plinko, lottery, and Doge roulette.
Dice is a favorite among players, and many Doge Casinos offer variations of the game, from craps to sic bo. These games are typically provably fair and come with a low house edge, with some casinos like CryptoGames offering a house edge of only 1% for all crypto dice games. Doge roulette is another popular game with a house edge of around 2.7%.
Bonus Offers at Dogecoin Casinos
Dogecoin casinos offer a similar variety of bonuses as traditional casinos, but with the added benefit of paying out in cryptocurrencies like Doge or BTC, rather than fiat currencies such as USD or EUR.
No Deposit Bonus
A common incentive for new players, or sometimes offered on special occasions.
Free Spins
A fixed number of complimentary spins (e.g. 300) are given on one or two specific slots, with wagering requirements ranging from 20x to 50x.
Casino Deposit Bonus
In BTC or the equivalent in Dogecoin, the casino matches your initial deposit up to a predetermined percentage (usually between 100% and 200%).
Faucet Bonuses
A reward system where players can earn coins by completing offers or receive a small amount of BTC or other cryptocurrencies to play with.
Referral Bonuses
If you refer a friend to the casino, you may receive a percentage of the house edge back to your account when they place a bet on the platform (CryptoGames currently offers this).
Access to Exclusive Games
Dogecoin casinos offer unique games or variations that may not be available elsewhere, such as provably fair dice, blackjack, lottery, or low house edge roulette.
Lower First Deposit Limits
These casinos often cater to players with smaller budgets, which is why they have lower minimum deposit requirements (e.g. Fortune Jack currently offers one of the lowest at 0.001 BTC).
Is Dogecoin a Good Choice for Crypto Gambling?
When it comes to using Dogecoin for online gambling, you can rest assured that your transactions are secure. The casinos themselves have implemented robust security measures, and the underlying blockchain technology provides an additional layer of protection. It’s worth noting that Dogecoin has had some security issues in the past, such as the Doge Vault Hack, but the network has since taken steps to address these concerns. For example, in 2014, Dogecoin merged its mining operations with Litecoin to improve security.
Buying and Storing Dogecoin – Your Options
As an altcoin, Dogecoin is not available on all cryptocurrency exchanges, but it can be found on popular ones like Binance, Kraken, and Bittrex. However, some exchanges only allow trading Dogecoin for other cryptocurrencies like Litecoin, while others allow buying it with fiat currencies such as USD or EUR.
Once you’ve bought Dogecoin, you can store it in one of two ways: either leave it on the exchange, or transfer it to a custodial or non-custodial wallet.
Storing Your Dogecoin Safely
As a popular cryptocurrency, Dogecoin has a large community of developers and supporters who are constantly working to enhance the network and provide secure storage options for your coins.
The official Dogecoin website offers safe wallets for download that can be used on desktop or smartphone devices. These wallets are compatible with Windows, iOS, and Linux operating systems, and are user-friendly to set up.
Additionally, you can obtain online wallets from other websites or opt for a hardware wallet like Trezor or Ledger to store your Dogecoins safely.
Using Dogecoin for Online Casino Gaming
Players choose to use Dogecoin for online gambling due to its speed, convenience, and the anonymity it offers (with many Dogecoin Casinos requiring only an email address for registration).
While it may not be as widely accepted as other cryptocurrencies like Ethereum or Bitcoin, it is still possible to find online casinos that allow the use of Dogecoin. These casinos often offer exclusive games and substantial bonuses to their players.
Depositing at a Dogecoin Casino Made Easy
Depositing at a Dogecoin Casino is a hassle-free process, with most operators accepting deposits, withdrawals, and game prizes in Doge.
Here’s how you can make a deposit:
- Open your Dogecoin wallet.
- Click on “Send” or “Deposit.”
- Enter the casino’s wallet address or scan the QR code provided by the casino.
- Enter the amount you wish to deposit and double-check the details.
- Confirm the transaction.
- Your deposit will be credited to your casino account instantly.
Withdrawing Funds from a Dogecoin Casino
To withdraw from a Dogecoin Casino, you need to follow these steps:
- Navigate to the banking section.
- Select the withdrawal option.
- Choose Dogecoin from the list of withdrawal methods.
- Enter your wallet’s address.
- Double-check the information you entered to avoid errors as transactions are irreversible.
- Authorize the transaction.
It’s important to note that you should be cautious when completing these steps because mistakes cannot be undone. Once you’ve submitted a withdrawal request, it will be processed within minutes on the blockchain.
Do Dogecoin Casinos Charge Fees?
Although transactions involving Dogecoin may attract fees, they are usually insignificant and much lower compared to those of Bitcoin, Ethereum, or Litecoin. However, some online casinos may have additional charges that they add to transactions, so it’s advisable to review the payment and terms and conditions before proceeding.
Using Dogecoin at Online Casinos: Advantages and Disadvantages
ADVANTAGES:
- Anonymity – Dogecoin gambling allows players to deposit without sharing personal or financial data, removing the need for banks or card issuers.
- Lower transaction costs – Sending Dogecoin is cheaper than sending BTC, making it a more cost-effective option for players.
- Instant deposits – Deposits made using Dogecoin are processed instantly.
DISADVANTAGES:
- Lack of updates – The Dogecoin network has not seen any major updates since 2015, and is only supported by a team of volunteers. This could potentially result in security risks for users.
- Limited casino options – There are fewer online casinos that accept Dogecoin compared to other cryptocurrencies.
- Low value – Dogecoin’s low value may not appeal to high rollers who prefer to make larger bets.
