Dogecoin is an electronic currency service that poses a good alternative to options such as Bitcoin, Ethereum, or Bitcoin Cash. While there aren’t many casinos that accept Dogecoin, those that do are usually specialized cryptocurrency casinos which accommodate players who know their way around making digital payments.
Live casino players are getting more and more interested in new and innovative ways of handling their funds. Since Bitcoin came into the scene in 2009, the era of crypto began
What is Dogecoin?
Dogecoin is one of the derivatives of the initial technology which now stands as an independent digital currency. Billy Markus, a programmer and Jackson Palmer, a manager at Adobe created DOGE in 2013. The initial intention wasn’t to profit from Dogecoin. It was more an idea to provide a starting point for someone who wants to get into cryptocurrency. By 2015, Dogecoin reached 100 billion in circulation and found suitable applications across the web.
You can buy Dogecoins in the same way you can obtain other forms of crypto, through online exchanges. The exchanges allow you to swap between different cryptocurrency and accept traditional currencies like USD or Euros, or other major fiat currencies. Some of the trusted DOGE exchanges include platforms like Kraken, Bittrex, Shapeshift, Changelly, and Poloniex. Dogecoin has its tailor-made, official e-wallet. This is the Dogecoin Wallet and it is available for download, complete with the entire blockchain. Mobile users can go for the lite version doesn’t weigh down on the device as much as the standard version.
How to Deposit via Dogecoin?
You need a certain amount of Dogecoin and a wallet to store them before you decide to join a crypto-friendly online casino and make a deposit and play in the live casino. So, before you load the casino make sure to prepare and meet all the preconditions. When you have a suitable amount of crypto coins, register at the casino, go to the cashier and choose DOGE as your method of payment.
The next step would be to copy the address from the crypto-wallet, and input it as a destination point, as well as to specify the number of digital coins you want to transfer. Confirm the transaction and your task is pretty much done. When compared with its crypto cousins, Dogecoin is known for its small value. This makes it affordable and a good choice for someone who is just getting started with virtual money and does not want a big investment right away.
How to Withdraw with Dogecoin?
It is possible to make withdrawals using Dogecoin is nearly the same way you deposited. So, now you have winnings stored on your casino balance and you want to transfer them to your DOGE wallet. Go to the cashier and submit a withdrawal request; previously, make sure you don’t have an active bonus or promotion.
Proceed with entering the destination address (your wallet address) and the desired amount you want to cash out. Confirm the transaction and wait for the casino to approve it. It shouldn’t take more than a couple of minutes for the process to end successfully.
Transfer Times, Fees, and Security
It is important to point out that the speed of transaction times with cryptocurrencies depends on the type of crypto coin. Dogecoin is a small-scale digital currency that does well in this regard, as it has a block time of around 60 seconds. This fits the idea of Dogecoin being a light-hearted payment method. Every online casino player will agree that having to wait a long time for payments to go through can take the enjoyment out of the gambling experience.
Furthermore, DOGE is viewed by many as a more relaxed alternative to crypto coins, one that is simple and novice-friendly. Dogecoin, like other digital coins, has processing times that are calculated by confirmations. A single confirmation of Dogecoin generally takes a minute or two, and that is fast. In terms of fees, there are insignificant charges involved due to the mining process which needs to be supported by the community of users. All the security features are in place and DOGE is just as anonymous as any other crypto option.