History of Dogecoin
While Dogecoin has been used for several massive projects and has a market capitalization far greater than that of other coins, the cryptocurrency started life as a joke. Jackson Palmer, one of the founders of DOGE, made his intentions clear right from the very beginning. He wanted to show that people invested in crypto coins without doing any research. This led to the creation of a coin without ambitions or a roadmap, and where a meme of a dog would be used as the logo. The irony was that Dogecoin quickly became one of the largest cryptocurrencies on the internet.
The development of Dogecoin has been at a standstill for more than two years and much is written about the fact that Dogecoin, therefore, has no future. We are a little more reserved when it comes to predictions about the future of Dogecoin. The coin is unbelievably popular among people who want to start buying cryptocurrencies and is also frequently used to deposit in online casinos. Palmer's words are often quoted to indicate that the coin has no right to exist. Reference is made to the volatile market and that Dogecoin could be a thing of the past soon.
While this is all true, it is no reason to carry Dogecoin to the grave. DOGE is not set up as a complete platform where developers and companies can come together. And it is certainly not intended to set up smart contracts on the blockchain. Even if the initial idea behind the DOGE was partly a joke, it has developed into something that some might consider a valid currency that is used for payments globally.
Why Choose a Dogecoin casino?
Dogecoin is a popular cryptocurrency that has gained a strong following among online gamblers. Its low transaction fees and fast processing times make it an attractive option for players who want to deposit and withdraw funds quickly and easily. Additionally, using Dogecoin allows players to maintain their privacy and avoid sharing sensitive financial information with online casinos.
What to look for in a Dogecoin casino
When choosing a Dogecoin casino, there are several factors to consider. First and foremost, it's important to choose a casino that is licensed and regulated by a reputable authority. This ensures that the casino is operating fairly and transparently.
In addition to licensing, it's also important to consider the game selection, bonuses and promotions, and customer support offered by the casino. A good Dogecoin casino will offer a wide variety of games, generous bonuses and promotions, and fast and helpful customer support.
How to deposit with Dogecoin
Dogecoin can be used in several crypto casinos. Most of them are licensed in Curaçao since this is one of the few regulators that is currently allowing cryptocurrencies. The deposits and withdrawals are relatively easy if you already have some previous experience using cryptos.
You can simply visit the cashier of the casino and select DOGE as a payment method. There, you can find your personal QR Code and a text wallet address where you can send your funds. Simply copy the address provided by the casino and go to your crypto wallet where you are storing your DOGE. Go to the “Send” feature and paste the address of the casino. Select the amount you would like to transfer and confirm the transaction. If you are using a mobile wallet, you can also use the camera of your smartphone to scan the QR code. After you confirmed the transaction, it should take about 60 seconds to appear in your account. Please note that this can vary from time to time. Sometimes the transaction times are a bit faster and sometimes they can be delayed by a couple of minutes. This solely depends on the traffic on the network.
How to withdraw to Dogecoin
Withdrawals with DOGE from an online casino are a very similar process as the cashier basically just functions as a regular wallet. Go to the cashier and select Dogecoin as a withdrawal option. Enter the address of your Dogecoin wallet in the “Send to DOGE address” field. In some cases, this address might already be saved from your deposit. Enter the amount you would like to cash out and confirm the transaction. Your funds will be available shortly after. Please keep in mind that, in some cases, the casino might have to manually approve your withdrawal. If this happens, it might take a day or two before you receive your winnings.
Limits and fees
It is important to know that some fees might accrue while sending Dogecoin to an online casino. For the most part there no transaction fees or at least they are vanishingly small. However, the wallet you are using might apply a small fee. This is often the case for mobile wallets. For the most part, these kinds of fees are relatively small as well and won’t be all that noticeable.
Before making a deposit in an online casino, it is always advisable to first check out the terms and conditions, as well as the cashier. There might be some additional fees that are charged by the online casino itself. For DOGE, this is relatively uncommon but it's not unheard of.
Dogecoin first deposit bonuses
We are more than sure that every player is offered a variety of attractive casino bonuses every day and that Dogecoin casino bonus offers are no exception. However, bonuses for crypto deposits are not as frequent as regular deposit bonuses using Fiat currencies. The most common promotions are welcome offers.
One of the advantages of crypto bonuses is that players are usually rewarded with high amounts in terms of the maximum possible bonus that can be claimed. In some cases, this is almost uncapped. That makes it a particularly interesting proposition for high rollers who plan to deposit large amounts of money. Some operators add some additional free spins to their welcome offers, too, so low rollers can also join the fun.
How to get Dogecoin?
Mining
You can mine Dogecoin by installing a specific tool on your computer. Then, by doing complicated “calculations”, new coins can be generated. However, to be successful with this method, a lot of processing power is required. It also has to be considered that a lot of electricity is wasted during this process. For this reason, it doesn’t really pay off for most people when it comes to mining the Dogecoin cryptocurrency and buying it might simply be the better choice.
Buying Dogecoin online
Buying and selling Dogecoin is relatively easy. You can trade it over many websites with other people directly but often it is a better idea going through a bigger crypto exchange like Kraken or Binance. By using those sites, you can take advantage of their massive trading volume and market capitalization. It is always wise to look for a larger exchange, as they are simply more reliable and trustworthy. Before buying or trading any cryptos online, we recommend that you familiarize yourself with the process of how transactions are facilitated. It is also important to use a reliable and safe crypto wallet to make sure that your precious coins are in good hands.
