There is no surprise that Dogecoin casinos are becoming increasingly popular, since early 2021. Just think about it. Memes are lots of fun for most people, cryptocurrencies are the current hype amongst all sorts of people. A combination of these two made Dogecoin what is it today. It reached its peak of $1.10 on the 7th of May 2021, mainly due to the support and teasing of none other than the CEO of Tesla, Elon Musk. All of this left no choice for crypto casinos but to start taking Dogecoin as a payment method.
There are many benefits as to why you might want to try using Dogecoin as a payment method, but we will talk about it in detail in a moment. First, however, we should mainly mention that when compared to Bitcoin, Dogecoin has a lot of advantages, although there are some disadvantages as well. You could say that a disadvantage would be the fact that Dogecoin is most likely a fad, although it’s been holding its current price for more than half a year now, which can result in lower cash-outs if you take a longer time to withdraw your winnings from a Dogecoin casino.
If you a fan of the whole “To The Moon” movement and enjoy playing at online crypto casinos, then we will be more than happy to provide you with all the information you might need in order to make your first step in this corner of the industry. Without further ado, let’s get straight into it.
Well, aside from the fact that it is lots of fun to play using a meme cryptocurrency that people still wonder how it got so popular, there are actually many advantages the allow Dogecoin to still be a trending token, even after more than half a year since its exceptional surge in popularity. We will also be comparing some of the factors with Bitcoin for a more simple connection.
We will never stop mentioning how important privacy is, which is the reason for so many people to explore the cryptocurrency market. Just like most other decentralized cryptocurrencies, Dogecoin is also one, and there will be no mediator such as a financial institution. For this reason, you will not be required to provide anyone with your personal information when it comes to buying and selling Dogecoin, while you also won’t need extremely detailed personal information to be provided to most crypto casinos, assisting you in keeping your privacy.
If you compare the transaction fees between Bitcoin and Litecoin, you will find out that they are so much lower. It should, however, be added that some crypto casinos have additional fees, so be on the watch out for that. For example, at the moment, the average cost of a Dogecoin transaction stands around $0.60, which is way lower than the average for Bitcoin, which moves at around $4 and $2, although it often moves to the double digits due to the option of choosing how fast you want the transaction to happen. This allows for multiple deposits and withdrawals with the extraction of the worries about accumulating high fees in the long run.
Aside from the transaction fee, the transaction speed of Dogecoin itself is exceptional, when compared to most other cryptocurrencies. For starters, block times for Dogecoin are 1 minute, which is lower even than Litecoin’s 2.5 minutes (which is widely agreed to be one of the fastest transaction speeds). And if you want to go further, you can compare that to Bitcoin’s block time, which is 10 minutes. This just shows how fast your crypto account’s top-ups and cashouts straight to your crypto wallet will be happening.
Availability is something we cannot overlook as well. Similar to all other decentralized cryptocurrencies, Dogecoin is also available worldwide. This can happen, as no government can tamper or really control any transactions happening under their jurisdiction, especially if the person is using a VPN service, which will also further increase their privacy’s safety.
If you ask us, the general idea of the crypto community coming together to have some fun is also an advantage, as that allows for more people to be connected and involved, thus, potentially reaching higher value, which can be translated into better cash-outs from crypto casinos, where the real fun is.
If you are fond of the idea of using Dogecoin for betting, or we simply assisted your interest in the token, you might be wondering how to buy Dogecoin?
The most popular exchange platforms such as Binance have it, although if you are already using a smaller one, it is possible it won’t support the token (although the chances are low, due to how hype Dogecoin is).
In order to deposit and withdraw Dogecoin in and out of crypto casinos, you will already need a crypto wallet. What is great is that the official Dogecoin website allows for the download of a Dogecoin wallet for Windows, Linux, macOS, and even Android, and is also easy to set up. If you already have a crypto wallet, that is also perfectly fine.
After you have your Dogecoin stored in a crypto wallet, you are ready to head for the next step, which is how to make your first deposit to a Dogecoin crypto casino.
New online casinos accepting Dogecoin deposits
You will need to make only a couple of steps before you get to bet with Dogecoin.
Choose a crypto casino that accepts Dogecoin, and create an account.
Go to the “Deposit” section of the casino, which usually is located at the top of the website.
Select Dogecoin as the currency you wish to deposit.
An address and QR code will be provided, to which you need to transfer an amount of your choice.
Wait for the deposit to be added to your crypto account’s balance.
Keeping the information correct is our main goal, so going through a more simple list of advantages and disadvantages is definitely a must. That is the reason why we will be going through most pros and cons that we see Dogecoin having when it comes to online gambling.
Anonymity – Everyone’s favorite factor. The whole idea of remaining anonymous while playing at crypto casinos and using Dogecoin is something that remains a priority for players. Due to the fact that you will not need to provide any personal information when purchasing and making Dogecoin transactions, alongside the fact that most crypto casinos will not require detailed personal information, allows you to stay safe and keep your privacy.
Extreme Transaction Speed – It is a well-known fact that Dogecoin has one of the highest transaction speeds when compared to all the competition. Dogecoin has a block time of 1 minute, which means that this is the maximum amount of time you will have to wait before you see any movement from your wallet to your crypto account’s balance or vice versa. This, when compared to Bitcoin’s 10 minute block time, is mind-blowing.
Barely Noticeable Fees – Everything surrounding Dogecoin’s transactions is far ahead of the competition’s offerings. The transaction fees never reach $1 and are actually closer to reaching $0.50, as it is, on average, about $0.60. This allows you to make a lot of deposits and withdrawals, without being scared of losing money due to fees.
Global Availability – Due to being a decentralized cryptocurrency, Dogecoin is available worldwide and no government can tamper with the transactions or can track your activity, especially if you decide to use a VPN service, which is recommended. This will help you play at most crypto casinos that do not mind the use of such third-party software during play.
Special Offers for Dogecoin – When making deposits using Dogecoin, some casinos will be further encouraging you to do so with promotions such as additional welcome bonuses that will help you top up your account’s balance even faster.
Crypto Games – Casino games developers have recently started implementing the option to play their games using cryptocurrencies such as Dogecoin. It will be even more helpful if the casino you are staying at has a “Crypto Only” section, which usually consists of games that accept a variety of cryptocurrencies.
Expanded Betting Limits – In contrast to games that accept fiat currencies, where there are regulations for how much you can bet, cryptocurrencies don’t have that limitation, which allows developers to increase the maximum amount you can bet, although they also decrease the minimum you can bet, which makes the use of Dogecoin for crypto betting great for both low-risk and high-roll players.
It’s a Meme – Well, after all, even though it involves real money, there is definitely something exciting about the idea of gambling using a “meme” cryptocurrency like Dogecoin, although it has all the characteristics to stay as a viable crypto option.
Volatility – Just like any other cryptocurrency, the volatility of Dogecoin is quite high, although it has currently reached a more stable state. This means that after you make a deposit, by the time you make a withdrawal, your winnings might be worth significantly less, although it is also possible to have even reached new heights, who knows!
Regulations – Crypto casinos only have Curacao to turn to when it comes to licenses, which is known to not assist players when they are in need, due to fraudulent casinos, which means the chances of getting scammed if you stumble upon the wrong one are definitely higher.
Potential Fad – Dogecoin got all the hype in the world during May of 2021, which means, that if the meme is not upheld by the community, it is possible that the star power of Dogecoin could remain a part of the internet’s history.
Dogecoin Casinos do not differentiate from regular online casinos when it comes to the diversity of the games you will be getting to play. This happens due to the fact that in the last year, developers have started targeting cryptocurrencies as a betting option for their games. Furthermore, this allows players to choose what they want to use to gamble.
Slots are the main attraction of nearly every online casino out there and have been since the dawn of even physical casinos. You will be finding all sorts of different slots that have different bonuses, features, number of paylines, other ways of winning, etc.
Table games and Live casino games are the next in line when it comes to the peoples’ favorite. You will be getting to play all types of games such as Blackjack, Baccarat, Poker, Roulette, Sic Bo, Dice, and in the case of live casino games, some game shows such as Who Wants To Be A Millionaire, Deal or No Deal, Fortune Wheel, Monopoly, etc. The difference between both is that regular table games are 100% virtual, while live casino games are live-streamed directly to you and are operated by a real-life croupier.
Sportsbook sections are becoming increasingly popular for crypto casinos to include in their portfolio of games. You will be getting to gamble on football, baseball, volleyball, basketball, tennis, boxing, swimming, and many others. Alongside those, let’s not forget about cyber games such as Counter-Strike, Starcraft, DotA, League of Legends, and more.
As you can see Dogecoin is a great payment option, similar to other cryptocurrencies. There are actually a lot of advantages that Dogecoin has over other tokens, such as transaction speed and fees.
Having many providers develop games that further encourage players to check out Dogecoin casino games, as that enables participants to get even better benefits when getting winning combinations.
We hope the provided information was sufficient enough to assist you in making up your mind.
The FAQ section below will give you some condensed information that we recommend you check out.
Dogecoin casinos FAQ
Almost yes, and we say almost, because the block time for Dogecoin is 1 minute, meaning this is the maximum amount of time it will take for a deposit or withdrawal to be completed after a transaction has been requested.
Yes, if you do not provide any personal information to your crypto exchange platform, you will remain completely anonymous. This will also be helped by the fact that crypto casinos rarely expect you to provide them with detailed personal information, further increasing the chances of your privacy remaining intact.
Dogecoin casinos either have a Curacao license or no license at all. Beware, as if the casino has no license whatsoever, it is most likely going to be a scam. Curacao is also not well-known for being the best regulator, but it is always better than nothing.
If you plan on using Dogecoin for betting, you can expect great benefits such as swift transactions that have negligible fees, allowing for numerous transactions to happen, with no significant monetary losses.
Yes, Dogecoin casino games are suitable for both low-risk players and high-rollers as there are no regulations when it comes to limits, unlike with fiat currencies. This allows developers to decrease the minimum amount you can bet, while also increasing the upper limit at the same time.