Cryptocurrencies are becoming more and more popular among players. Moreover, visitors, as a rule, use not only Bitcoin or Ethereum but also other digital currencies like DOGE.
Dogecoin: can it survive in a crypto casino?
The virtual coin appeared as a cartoon on Bitcoin and other tokens. The creators of DOGE, Billy Markus, and Jackson Palmer, planned to demonstrate the uselessness of existing cryptocurrencies and their use of it on the best crypto betting sites by ORDB experts. Briefly, the history of the creation of Dogecoin is as follows.
A native Australian and marketer (analyst), according to education, Palmer received a promotion at Adobe Corporation by mid-2012. A year later, Jackson has a new round of career – a marketing manager and a move from Australia to San Francisco. It was at the end of 2013 that Palmer was analyzing various cryptocurrencies. In addition to tabs with a variety of Coins – Digital, Mega, World, Gold, Jackson had a popular Doge meme open, depicting a dog named Kobasu of the Shiba Inu breed. The name of the new coin was formed immediately.
The newly-minted joke token Dogecoin came to the attention of Oregon native Billy Marcus. An IBM programmer has already tried to release the Bells cryptocurrency. Billy’s efforts were not successful, due to low popularity. Markus decided to increase interest in the token by combining the meme and the blockchain. By sending a letter to Palmer with this proposal, Billy was already creating the program code for a new cryptocurrency. This is how Dogecoin was born. It was the name and the link to the meme that brought popularity to the token.
Now, Dogecoin is a fixed-issue cryptocurrency (5.256 billion coins are issued per year), with a high blocking speed (60 seconds) and a low commission (0.01 DOGE). For comparison, the second parameter for bitcoin is 10 minutes. The DOGE blockchain is based on the Luckycoin algorithm (Litecoin fork) with some modifications that speed up mining in particular.
Where to buy Dogecoin?
There are two ways to replenish the stock of the most popular cryptocurrencies. The first option is free faucets, the second is buying on the online exchange. Regardless of the choice, you first need to create a crypto wallet. It is proposed to do this through a desktop or mobile application, as well as in a web format.
Accumulating a sufficient balance of tokens to play Dogecoin online casino through free faucets is a long routine process. The standard drop size is 0.4-5 DOGE, frequency of 1-30 minutes. A faster way is to buy (exchange for currency) Dogecoins on one of the exchanges:
- Binance;
- Kraken;
- Coinex;
- Huobi Global.
Registration for the service is standard. You need to provide an email address, phone number, and password. Next, you need to activate your account by confirming your email address. For transactions with DOGE, you will need to verify the specified SIM card and fill in the fields with personal data.
Where to store Dogecoin?
Most exchanges provide their “vaults” for cryptocurrencies. But to play online slots through Dogecoin Casino, it is advisable to have your own wallet. Why we will explain further.
A simple option is to create your own cryptocurrency wallet. An electronic “purse” works as a standalone program (usually there are desktop and mobile versions) or in an online format through a web browser. The optimized option involves storing Dogecoin directly on the exchange.
Finally, a full-fledged DOGE wallet, in particular Dogecoin Core, has a synchronization option. The blockchain is downloaded directly to your computer. This requires more hardware resources but increases the security of crypto investments. At the same time, the user gets uninterrupted access to his DOGE savings.
For bets on slot machines in a casino for Dogecoin, a simple option is optimal, which has a number of advantages:
- fast registration;
- in some cases, you can not install applications;
- access to many cryptocurrencies with the ability to play not only on DOGE coins, but also on BTC, LTC, ETH, and other tokens;
- no blocking.
The last point is especially important. Some exchanges limit the use of cryptocurrencies by prohibiting deposits and withdrawals in online casinos. If the requirement is violated, the account is blocked. Therefore, when choosing storage for Dogecoin, make sure that the service does not interfere with interaction with online gambling sites.
How to fund a casino with Dogecoin?
Gambling establishments do not set a commission for deposits from cryptocurrency wallets. For most online gambling platforms, the transaction is carried out instantly. Instructions for replenishing the balance in the Dogecoin casino with tokens include the following steps:
- Go to the deposit tab in the cashier account and select the DOGE service.
- Specify the input amount.
- Enter wallet ID.
- Choose a bonus – optional.
- Scan the QR code.
Some casinos allow manual entry. Then, instead of scanning the QR code, you need to press the “Next”, “Deposit” or similar keys.
How to withdraw money from a casino to Dogecoin?
Gambling sites do not charge a commission for withdrawing winnings, provided that the turnover of deposits has been completed. This is a standard rule of online casinos. The deposited money must be scrolled on the bets 1-3 times. In case of non-compliance with the requirement, the commission is 5-20%.
A transaction on the Dogecoin blockchain is carried out instantly. The waiting time depends on the speed of processing the application by the casino’s financial department. Usually, this time does not exceed a few minutes. Instructions for withdrawing winnings through a DOGE wallet:
- Open the main menu and click on your own ID to enter your personal account.
- On the “Balance” tab, change the currency, if such an option is available.
- Switch to the “Withdrawal” section and in the “Cryptocurrencies” section select the DOGE option.
- Specify the amount to be withdrawn, and the ID of the crypto wallet and press the “Withdraw” button.
- The list of available services for withdrawing money often depends on the type of currency and country.
Dogecoin security and anonymity
Like other cryptocurrencies, DOGE demonstrates complete privacy and a high degree of wallet protection. Playing in a Dogecoin casino is safe in both directions: the gambler remains anonymous and does not have to worry about leaking wallet details. It is almost impossible to hack the blockchain.
Benefits of playing at a Dogecoin casino
- high generation speed – 1 block per minute, which is an order of magnitude faster than that of bitcoin;
- fixed emission, which allows you to accurately calculate inflation;
- low transaction fee – 0.01 DOGE (reduced in 2019);
- the ability to play privately in most popular online casinos;
- instant transactions.
Disadvantages of Dogecoin
- throughout 2022, the DOGE rate continues to systematically decline;
- uncertainty with the status – cryptocurrency settlements are not accepted in all areas and jurisdictions.
The advantages of electronic money are enough: fast and secure transactions, low commissions, and growth of the exchange rate. But there are not so many casinos on DOGE. You can choose trusted dogecoin casinos 2023 using the ORDB rating.
