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Your Guide To Dogecoin Casinos
Dogecoin has been around since 2013, when it was first introduced as a meme. Even founders Jackson Palmer and Billy Markus were completely oblivious to the idea that it would ever lead to anything. Of course, it didn’t take long before it made a name for itself. In fact, just one short year after its launch, dogecoin reached a $60 million capitalization. Not bad for a meme.
Dogecoin also managed to attract an active online community, with thousands of fans engaging. As that fanbase continued to grow, dogecoin casinos started to appear on the web. As online casinos began to embrace cryptocurrency, we saw an increase in dogecoin gambling. Of course, online casinos are something we, at CryptoCasinos, know about, so let’s take a look at what makes dogecoins transactions stand out from the rest.
What Are Dogecoins?
Dogecoins are a type of cryptocurrency that be used on the decentralized doge network in peer-to-peer transactions. The creators initially planned for 100 billion coins to be in circulation. These days, however, there’s no hard cap, so it’s possible to mine new coins. The purpose of this is to ensure the token price remains low by making dogecoin particularly suitable for smaller transactions. This explains why it’s often used for tipping. Dogecoin provides fast transactions, is user-friendly, and fast. So it isn’t hard to see why so many online wallets support the coin. It’s also supported by numerous crypto exchanges.
Dogecoin at Online Casinos
Dogecoin is popular with online gamblers due to the anonymity it offers, along with its convenience and speed. Its anonymity comes from the fact that you only need to enter your email address when registering with most dogecoin casinos. And while they aren’t as popular as bitcoin or ethereum online casinos, you won’t have trouble finding one to play at. Dogecoin casinos are also known for their unique games and significantly generous bonuses.
Playing at a dogecoin USA casino is the same as playing at a bitcoin casino. While dogecoin may have some work to do to reach the heights of its biggest brother, there’s an increasing number of dogecoin casinos making their way to the World Wide Web.
Dogecoin deposits are instant. You just choose the payment method from the options presented to you on whichever casino site you’re on, and enter how much you want to credit your account with. There may be differences in technicalities between websites, but generally, making deposits with crypto coins is as easy as it gets.
Buying and Storing Dogecoin
As dogecoin is considered an altcoin, which means it’s a bitcoin alternative, you won’t find it at every exchange. Fortunately, you’ll find it at the most popular exchanges, such as Bittrex, Kraken, and Binance. Some exchanges will restrict your dogecoin trading for other coins like Litecoin. Others will allow you to buy the coin with fiat currency such as USD and EUR. You can then store your coins on the exchange, or in a wallet.
Thanks to dogecoin’s popular community-based following, there are two secure wallets that can be downloaded from the official dogecoin website directly i.e., a phone and a desktop wallet. Both of these wallets work with the iOS, Windows, and Linux operating systems. Online wallets can also be downloaded from third-party websites, or you can simply store your coins on a hardware wallet like Ledger or Trezor. Dogecoin’s official wallet is available on Google Play and the App Store for mobile users.
Dogecoin Transaction Limits and Fees At Online Casinos
As is the case with any other crypto coin, there’s a fee for making deposits and withdrawals with dogecoin. Fortunately, these fees are insignificant. In the majority of cases, the fee is 1 doge per 1,000 bytes. If that sounds too technical for you, it’s basically next to nothing. An individual casino can decide to increase these fees, so just be aware of that, as you’ll be paying both the transaction fee and the casino fee. Ideally, you’d be wise to play at casinos that charge transaction fees only. When it comes to transactions limits, there are none. Again, individual casino rules come into play here, as they’ll impose limits on the amount you can deposit and cash out.
How Dogecoin Compare to Other Coins
Dogecoin may have started out as a meme, but it’s a bona fide coin that uses Litecoin’s Scrypt protocol. Dogecoin’s confirmations and transactions are even faster than that of Litecoin, at an estimated one minute per block. Not only that, but dogecoin’s fees are small when compared to well-established coins with a higher market cap, including ethereal and bitcoin. Even Elon Musk Tweeted his love for the coin, which resulted in a 35% increase in market price.
Dogecoin may not have the market cap as some of its competitors, but it still holds a number of advantages over bitcoin. Aside from its speedier transactions and lower fees, it also takes less energy to mine. Anyone can open up their computer and mine dogecoin, whereas bitcoin requires specialized equipment. This is why many people starting out with cryptocurrency opt for dogecoin over bitcoin. And while it might be a while ago, it was notable that dogecoin’s trading volume briefly surpassed that of bitcoin in 2014.
The key difference between dogecoin and ethereum concerns their fees. Etherum’s “gas fees” grow alongside the expansion of the ethereum network, which can increase the prices. Dogecoin is cheap to send, which makes it a preferable option for those who work with small amounts.
Pros and Cons
Whichever way you look at it, dogecoin is a great choice for crediting your online casino accounts and cashing out your wins. Some of the pros include unlimited deposits and withdrawal amounts, reliable security, and impressive speed. It’s also easy to use dogecoin at an online casino, which makes it particularly user-friendly for beginners. When it comes to cons, there aren’t many. If we were forced to name one, we would say a lack of official customer support. As you can see, it’s far outweighed by the pros, so you can feel confident when using dogecoin while playing your favorite online casino games.
Getting Started At Dogecoin Casino Sites
When it comes to choosing the best dogecoin casinos to play at, our team at CryptoCasios has done all the hard work for you. And whether you’re playing with crypto coins for the first time or you’re familiar with another cryptocurrency such as bitcoin, here’s how to get started with dogecoin.
Firstly, you’ll need some dogecoins to play with, which you can buy from a cryptocurrency exchange. As dogecoin is a popular coin, you’ll find it along with the likes of bitcoin at numerous exchanges. How you acquire your coins doesn’t really matter, as long as you ensure they’re safely stored away. For that, you’ll need a wallet to keep your dogecoins safe. A hard wallet is most secure, but you can also use an online soft wallet that lets you access your coins more easily.
Then it’s time to play at one of the dogecoin casinos we recommend here at CryptoCasinos, take advantage of the welcome offer, and make your first deposit. There isn’t any more to it than that beyond simply playing your favorite games, start winning, and have fun doing it.
Are there any restricted countries?
Fortunately, transactions made with dogecoin are not subject to geographical restrictions. You can use this decentralized coin no matter where you are in the world.
How fast are dogecoin transactions?
Dogecoin transactions are extremely fast, and are completed in approximately 60 seconds on average.
What are the limits for making deposits and withdrawals?
As is the case with other crypto coins, there are no deposit and withdrawal limits when using dogecoin. The only way that limits can be a factor in dogecoin transactions is when they’re imposed by the particular casino you’re playing at.