Dogecoin Betting Online

Dogecoin may not be the biggest or most popular cryptocurrency on the market, but it is widely available at online casinos. Famous for its Shiba Inu dog mascot (notable from the “Doge meme”), Dogecoin has been hyped by celebrities including Elon Musk, Snoop Dogg, and Gene Simmons. Involved in the GameStop short squeeze and popular on TikTok through the Coronavirus Pandemic, Dogecoin has become a celebrity cryptocurrency if ever there was one. However, it is also practical for betting on your favourite games. Find out how as we explore the cryptocurrency in this guide.

What Is Dogecoin?

Dogecoin was initially developed by former IBM and Adobe software engineers Billy Markus and Jackson Palmer. They envisioned a cryptocurrency that could expand beyond Bitcoin’s horizons and not be as controversial as its counterparts. Launched in December 2013, Dogecoin got off to a bright start, only to fall flat on its face weeks later due to a mining pool exploitation problem. Dogecoin has not been without its issues. Hacks and thefts played Dogecoin early on, as they have done with all cryptocurrencies. However, between 2017 and 2018, Dogecoin grew rapidly, becoming worth just shy of $2 billion. A spike in its use via TikTok and the celebrity endorsements saw Dogecoin hit its highest ever price (an 800% increase) in early 2021.

This cryptocurrency has plenty of practical uses. It is an Altcoin and is heavily used to “tip” content providers for interesting material. Trading (items for Dogecoin) happens regularly on Reddit, and it is starting to become used in the online betting world, too.

Dogecoin has similarities with Litecoin but is faster. Dogecoin’s block time is just a minute, compared to its counterpart’s 2.5-minute timeframe. There is no hard cap on the number of Dogecoins available. The initial 100 billion was breached in the summer of 2015, and now 5 billion are added every year to reduce its inflation rate consistently.

How to Buy Dogecoin

Dogecoin uses a cryptocurrency called DOGE. The peer-to-peer currency can be acquired by exchanging goods, purchased using a credit card or other payment option at trading platforms, or acquired via cryptocurrency exchanges. You can also use faucets to obtain small amounts of DOGE, but we will come to that shortly. Mining Dogecoin is not something that many new cryptocurrency users are going to be interested in engaging in.

Given the options above, we would recommend a cryptocurrency trader or an exchange. Before purchasing DOGE from an exchange, you will need a Dogecoin Wallet to store your digital currency in. Heading over to the Dogecoin website is the quickest way to obtain an online wallet where you can keep your cryptocurrency.

Keeping Your DOGE Safe

As with all cryptocurrencies, there are several Dogecoin wallets that you can use. Nipping over to the Dogecoin website will see you sorted out with an online one. These are free, easy to set up, but have limited options and are prone to scams. Software, mobile, full node, and hardware options exist, too. These tend to be more secure but are harder to set up; some will cost you and can be less accessible. Reading up on each of these options is advised.

Looking for Casinos Accepting Dogecoin

There are online casinos that accept Dogecoin. While the number dips slightly compared to more popular Bitcoin and Ethereum casinos, you should be able to find Dogecoin casinos with ease. The best place to find these casinos is to look for crypto casinos that accept a wealth of different cryptocurrencies. You will have more luck with these than finding Dogecoin exclusive casino sites, which are few and far between right now.

Dogecoin-Friendly Casino Games

While there are plenty of crypto casinos out there which accept Dogecoin, the array of games you can play with them will vary greatly. Some offer you the chance to deposit and withdraw with Dogecoins, but your cryptocurrency will be converted into a FIAT option for betting. Others actively allow you to wager with Dogecoins. Of course, to do that, you will need to play games developed by software providers who have chosen to make their titles DOGE-friendly. A tell-tale sign that a casino offers these games is to head to a casino’s gaming library and look for a genre called DOGE games or something similar. Any casino which offers them could see you end up playing the following:

  • Online slots
  • Video poker
  • Table poker
  • Live dealer casino games
  • Instant win titles

Can Dogecoin Users Claim Casino Bonuses and Promos?

Dogecoin was one of the first cryptocurrencies to incorporate the faucet system. Also known as a water bowl, it was initially designed to introduce new cryptocurrency users to Dogecoin, by providing them with a small sum of digital currency for free, just for visiting a website. Over time, the trickling faucet bonus system has faded from view, but some online casinos do still offer this option. Far more extensive bonuses are available if you sign up to a bona fide casino, and these may include welcome bonuses, deposit deals when you top-up with Dogecoin, and the usual array of monthly specials, tournaments and loyalty offers.

Depositing/Withdrawing Via Dogecoin

Being able to deposit at a Dogecoin casino is not as challenging as it sounds. Assuming you have already acquired DOGE, head over to the crypto casino’s banking page and select Dogecoin as your payment method. You will find that the casino’s address is listed there. Use that to transfer Dogecoin to your account, using your Dogecoin payment system.

Withdrawing is a similar process. You need to enter your Dogecoin wallet’s address into the space provided on the cashout page, alongside the amount of DOGE you wish to withdraw. The casino will handle the rest. In most cases, Dogecoin deposits and withdrawals will be processed within a few minutes (no longer than an hour or so) and come free of charge.

Play at Top Dogecoin Casinos

There are plenty of ways to find Dogecoin casinos, but you want to play with the absolute best of them. To do that, try and look for crypto casinos that accept various cryptocurrencies, as they generally carry a wealth of games from leading providers. Also, pay attention to licenses, certifications, support, and promos, as these can separate truly top Dogecoin casinos from the pretenders.