Learn more about Dogecoin
The online gaming industry is expanding with more trustworthy platforms, crypto games and crypto payment options available. Crypto online gambling is quickly gaining popularity, and Dogecoin is among the industry's more popular cryptocurrencies. We look at what Dogecoin is, how to use it, and the benefits it provides online casino users.
What is Dogecoin?
Dogecoin is a cryptocurrency created in 2013 by Jackson Palmer and Billy Markus and is commonly referred to as the meme coin. By 2021, Dogecoin hit $85 billion in capitalisation and even sponsored a football club in England.
Ironically, Dogecoin was initially created as a joke to poke fun at Bitcoin. Today, it is one of the most popular digital currencies in the world.
The currency runs on the Scrypt algorithm, making its transactions much faster. Each transaction can be confirmed in about 1 minute.
How to use Dogecoin at online casinos
Using Dogecoin in online casinos is easy, which is probably why it has become one of the most popular forms of payment in hybrid and crypto online casinos today. If you've never used cryptocurrencies or Dogecoin, you can follow these easy steps to get started:
Step 1: Register a new player account
Choose a casino from our list of top recommended Dogecoin sites featured on this page and register your new player account.
Step 2: Fund your account
Next, head to the payment section, click deposit, and choose Dogecoin as your payment method. Now, you can enter the amount you wish to deposit and follow the steps to complete the transaction.
Step 3: Start playing
You can start playing games once you've successfully added funds to your new player account. You can head to the game library, choose the game you want, and start spinning the reels.
Fees & Withdrawals
Withdrawing your funds using Dogecoin is similar to making a deposit. You head to the cashier, choose Dogecoin as your payment method, and follow the instructions on the screen. Withdrawals generally take a couple of minutes. When casinos manually approve your withdrawals, it can take 1-2 days.
In terms of fees, you'll find that most are based on withdrawals and will vary based on the casino you're playing at. The costs are often relatively small, ranging between $1.50 and $2.
Crypto gaming comes with its own range of benefits and drawbacks. We take a look at some of the top advantages and disadvantages that come with Dogecoin online gaming.
- Low Deposit Requirements. You can make a minimum deposit of 0.01 DOGE; often, there is no maximum deposit limit.
- It's Unlimited. One of the best things about this cryptocurrency is that it doesn't have a potential end or limit it can reach as with Bitcoin.
- Low Risk. While the coin's value isn't as high, it is also not as volatile or risky, giving you more stability.
- Anonymity and Security. It enables you to play anonymously at your favourite crypto casinos with an added layer of security.
- High Withdrawal Requirements. You will need to make a minimum withdrawal of at least 5000 DOGE. You can make a maximum withdrawal of 1,000,000 DOGE per transaction.
- Limited Casino Selection. The number of casinos you can choose from that allow deposits and withdrawals using Dogecoin as a payment method is not as varied as with other payment methods.
- Transaction Fees. It could come with possible transaction fees. The casinos tend to keep fees at a minimum, but there are additional costs to consider, such as mining fees.