Dogecoin Casinos Overview
Originating in 2013 as a funny take on cryptocurrency and inspired by a meme, Dogecoin's popularity on platforms like X (formerly Twitter) and Reddit has increased. This paved the way for numerous other crypto initiatives and the crypto coin's acceptance across online casinos.
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Payment Method Type | Cryptocurrency |
Year Founded | 2013 |
Headquarters | London, UK |
Countries Available | Worldwide |
Number of Merchants | 2,000+ |
What Does Dogecoin Offer?
In late 2013, IBM software engineers Billy Marcus and Jackson Palmer launched Dogecoin. Using a popular meme from that era, Palmer crafted the cryptocurrency's logo, which showcased the intentionally misspelled word "doge" referring to a Shiba Inu dog.
Author’s note
While you can use Dogecoin for casino transactions and other purchases, it isn't a good store of value. This is due to the absence of a cap on the total Dogecoins miners can produce, rendering the cryptocurrency inherently inflationary.
Fees
Dogecoin offers faster transaction speeds and lower fees compared to many other cryptocurrencies.
The typical fee for a Dogecoin transaction stands at approximately 0.0025 DOGE (equivalent to USD 0.058), though this can fluctuate based on the transaction details and network congestion.
On its official site, you can find a whole repository of guides and help articles. To understand its fee structure, I recommend having an in-depth understanding of how DOGE works first.
Safety and Fraud Prevention
Dogecoin operates on its unique blockchain, having constant transaction volume. Cryptography ensures the security of these transactions.
However, according to blockchain search engine, Blockchair, Dogecoin has only 1,090 nodes. With relatively fewer nodes than your average sturdy crypto project, dogecoin is, unfortunately, more vulnerable to cyber-attacks.
Warning
Cryptocurrencies inherently carry risk, but Dogecoin ranks among the riskiest investments. Before purchasing, carefully consider its potential long-term outcomes.
How to Use Dogecoin at a Casino?
If you still want to use DOGE at an online casino, start by purchasing the coin from a trustworthy cryptocurrency exchange such as Binance or KuCoin.
To send Dogecoin to a casino account, like with all other cryptocurrencies, you need a wallet that securely stores DOGE. You may choose a Hard Wallet, a device similar to a USB stick, which offers maximum security as it stores your coins offline, or a Soft Wallet, which is also highly secure and stored online for easier access.
Once you have purchased DOGE from an exchange and stored it in a wallet of your choice, follow the steps below:
- Find a DOGE Casino –Look for an online casino that accepts Dogecoin transactions;
- Sign up – Register with your chosen casino and connect your wallet to your casino account;
- Go to the Cashier Section – Choose Dogecoin from the list of available payment methods in the casino's "Cashier" section;
- Transfer Dogecoin – Enter the unique alphanumeric destination wallet address or scan the provided QR code, input the amount of Doge, and click 'send' or 'transfer'.
That's it! You can start playing games once the funds are transferred to your casino account.
To receive DOGE, share your Dogecoin wallet address or QR code with the casino.
Is Dogecoin Worth It?
Dogecoin casinos enable players to make smaller deposits to enjoy their preferred casino games, as it is available in smaller denominations and isn't as costly as Bitcoin.
Yet, I found out that Dogecoin doesn't pack the same security features and code-level scrutiny as Bitcoin or Ethereum, and with its smaller mining community, it's on shakier ground.
If you're diving into the crypto casinos, I'd recommend rolling with Bitcoin casinos.