Based upon the always funny Doge internet meme, Dogecoin is anything but a joke. This exciting cryptocurrency has emerged as a proper rival to both Bitcoin and Litecoin. And most importantly, it became one of the top casino banking methods for 2021. Shrouded in mystery and tech lingo, cryptos are often underrated when it comes to casino deposits. With this Dogecoin review, we intend to change that. Stay with us, and you’ll find everything there is to know about this immensely popular altcoin. We’ll cover everything from DOGE’s background to the best Dogecoin casinos, and much more. Ready?
When Bitcoin was launched in 2009, it turned the whole financial world upside down. Casino players were happy that they were getting a truly global, decentralized currency that they could use. But it wasn’t just casino aficionados that were intrigued. Adobe engineer Jackson Palmer, and his colleague from IBM, Billy Markus, wanted to see just how far this crypto thing can go. They knew that other coins were mostly associated with illegal activities on the dark web, and they wanted to move away from that. So, with inspiration from their favorite meme, and some dandy knowledge, Markus and Palmer released Dogecoin in 2013.
The fact that DOGE was inspired by an online internal joke made the coin immensely popular. In January 2014, it finally surpassed the trading value of BTC and every other crypto combined. What followed was a series of various bubbles, scares, and sharp rises in popularity. In early 2021, it was a 400% rise in value thanks to Elon Musk himself calling DOGE his favorite crypto. Let’s hope this digital currency continues strongly in the future!
Dogecoin has no target markets. It’s available everywhere in the world! That’s the beauty of cryptocurrencies. Even though their price relation to USD might change on the regular, you can still use them anywhere you want. Therefore, the only thing you need is a Dogecoin casino, and you can start placing bets in DOGE. To us, this is one of the most significant qualities a payment method can have – availability.
Download a crypto wallet
Unlike regular currencies, cryptos need to be stored in special wallets. To make Dogecoin deposits, any wallet will suffice. Whether it’s a DOGE-specific one or a general one – it doesn’t matter. You just need a safe place to keep your coins, that’s all.
Buy some DOGE's at a crypto exchange
Crypto exchanges are the same as regular stock exchanges, except its digital currencies that are being traded instead of stocks. Create an account at a site such as Coinbase, CashApp, Bisq, or Binance. Once you do that, you can fund your account using regular banking methods. With that money, you can buy DOGE in any quantity you like.
What about mining or tipping?
Just like BTC, Dogecoin can also be obtained through activities such as mining and receiving tips. Mining is basically crypto slang for receiving a small chunk of each transaction your hardware verifies. DOGE also allows for people to receive tips to their addresses. Both of these sources of coin income are interesting, but not necessary to start playing.
Believe it or not, depositing and withdrawing with Dogecoin is very easy. Don’t believe us? Here, see for yourself:
- Log into your casino account.
- Go to the Banking/Deposit/Cashier section.
- Pick Dogecoin as your desired deposit method.
- Enter the amount you wish to deposit (in DOGE) and then your crypto wallet address. And voila, that’s it!
So, does that mean withdrawals are harder to complete? Not at all, just follow this process at Dogecoin casino and you’re good to go:
- Log in.
- Head over to the Withdraw/Banking/Deposit section.
- Enter the amount you want to withdraw, followed by your wallet’s address. Click confirm and that’s all there is to it!
Using Dogecoin on its own doesn’t incur any fees, nor do online casinos charge you any costs for using this payment method. What you might encounter, however, is crypto exchanges and wallets charging you fees. To be sure that you’re keeping most of your money, check the T&C of every wallet and exchange you’re interested in. That way, you can calculate how much you’ll spend!
All Dogecoin deposits are instant, while withdrawals can take up to 20 minutes, at most. If you’re looking for a versatile payment method that lets you use your winnings immediately, then DOGE is the choice for you. This particular currency isn’t just faster than BTC or ETH, but is also more volatile. However, if you don’t plan on betting large sums, and if you prioritize speed, the volatility won’t impact you at all.
Dogecoin has no transfer limits, both for deposits and withdrawals. Nevertheless, online casinos still like to set their own rules. That’s why we checked the transfer limits for every Dogecoin site we initially tested. Overall, expect to see a minimum deposit of around $10. Maximum withdrawals are much more ambivalent and can soar even up to $100,000. Crypto casinos are safe haven for high-rollers, which is why so many gamblers love DOGE.
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As DOGE is a cryptocurrency, there’s nothing you need to worry about when it comes to security. Every transaction that’s made has to be verified by third-parties aka ‘miners’, who get a small chunk of the cumulative amount. Once your transaction gets okayed, it’s put in a block with other transactions and is immediately stored in a publicly accessible ledger. No one can steal your money. Period.
Since Dogecoin is a decentralized currency, there’s no official representative you can talk to or ask for help. Thankfully, DOGE has a bustling Reddit community, as well as a Discord server. Don’t worry, Dogecoin has one of the most amazing communities we’ve ever been a part of. There’s also a lot of casino players there, so you’ll get assistance in no time!
In general, people love Dogecoin as a deposit/withdrawal method. Online reviews are full of praises directed at the processing speed, as well as the high level of security under which you’ll be operating. We also can’t forget the many casino players who earned a pretty penny by receiving tips and mining DOGE. You really can do all with this currency.
When it comes to negative reviews, we only saw people claiming they were hacked. Obviously, this isn’t DOGE’s fault. Instead, people tend to choose unsafe exchanges and wallets, which often leads to their funds being snatched by criminals. We don’t hold this against Dogecoin, and neither should you.
Instead of just buying DOGE and spending it at online casinos, you can also receive tips or use special hardware to generate new coins. However, we advise you to gain a bit of experience before deciding to mine Dogecoin. It’s often an expensive and complicated venture, without high earnings that would justify it.
Dogecoin can be stored on any platform, it just has to be in a crypto wallet. That’s why cryptos are the best choice for mobile gaming. They were designed to be kept on mobile devices, so you won’t have any problems firing your wallet up and refilling your casino balance.
- Dogecoin was initially launched as a joke but ended up reaching a market capitalization of $5.4 billion in January 2021.
- DOGE is the highest-traded cryptocurrency, posting more traffic than all other coins combined.
- There is a circulating supply of 127 billion, 113 billion of which have already been mined and put to use.
- Dogecoin has several of its own wallets, such as DogeChain and Dogewallet.
- When the Jamaican bobsled team didn’t have the money to go to the 2014 Sochi Winter Olympics despite qualifying, over $36,000 in DOGE was donated to help them achieve their goal.
- John Wise, a NASCAR driver, drove a car covered in Dogecoin logos and imagery at the Aaron’s 499 race.
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