Cryptocurrencies have changed how we trade online. The ease and speed with which transactions are carried out on these platforms are just amazing. And if you thought only Bitcoin and Ethureum have made a great impact, then you’ve not come across other alternatives like Dogecoin.
Dogecoin is a less controversial decentralised platform with a digital currency (DOGE) that allows you to trade and exchange value.
It borrows its name from a combination of two words, Doge and Coin, the former being an internet meme that was popular in 2013. The meme comprises of a picture of a Shiba Inu dog with broken English texts in the foreground.
Originally intended as a "joke currency" in late 2013 by Jackson Palmer, Dogecoin now enjoys a huge following in the crypto sphere, boasting of the market capitalization of over US$300 million today. The currency is traded as an asset in the forex exchange.
Also, there are over 100 billion doge coins in supply. This fact, coupled with its negligible transaction fees makes it not only user-friendly but also among the most flexible cryptocurrency.
If there’s one outstanding reason why cryptocurrencies have become increasingly popular over the past couple years, then it is because they conduct business peer to peer pseudonymously and some cases completely anonymously.
Players who play on dogecoin casinos input their personal information on a much more secure level. Essentially, cryptocurrencies give people more control and security over their intimate data.
An avid online gambler has nothing to worry about as far as exchanging their money for Dogecoin is concerned. There are many exchanges where you can buy digital currency.
Here’s how to buy Dogecoin:
These ‘virtual wallet’ are accessible anytime wherever you are. What’s more, dogecoin transactions incredibly fast.
With dogecoin already in your wallet, a good number of casinos are gladly waiting for you to start your dogecoin casino expedition.
Aided by the already popular doge meme, dogecoin today stands out as a full-fledged, recognizable electronic currency. But that’s not all there is about this digital currency.
Unlike Bitcoin, Dogecoin community leaves much to be desired. Its popularity is driven by charity fundraisings. From supporting the Jamaican bobsled team to now flying into space with Google Lunar X PRIZE. In its fundraising quest dubbed “Doge4Water”, the community raised more $30,000 to construct portable water sources in Kenya’s Taita Taveva region.
The DOGE community has curved its space as a vibrant charitable group devoted to a cohesive community. This really appeals to the masses.
As long as you’ve dogecoin compatible wallet, using the crypto for gambling is as simple as ABC.
If you’re already armed with your dogecoins, all you’ve to do is load your operators’ account with the amount you want to gamble.
Unlike Bitcoin whose value is exceptionally high, dogecoin is the alternative for microtransactions. Its all-time high price stands at $0.017. So gamblers can deposit as little as the equivalent of $5 to their respective dogecoin online casino and enjoy the thrill of the game.
The transactions on dogecoin are exceptionally cheap and the network is pretty fast. It takes an average of about 1 minute to process a transaction.
While the legality of online gambling is a nagging question in many countries, many licensed casinos offer dogecoin gambling.
And even in countries where gambling is illegal, the laws are focused on preventing the transfer of money to gambling operators. But since BTC and DOGE are decentralized and difficult to regulate, it’s difficult for jurisdictions to ban cryptocurrency gambling.
That said, as long as the casino you chose is legally registered has the correct certificates with the right approval stamps, it is okay for you to relax and feel at home.
The marriage of internet and fintech innovation that gave birth to cryptocurrencies has greatly impacted on online gambling. Game software developers mimic the brick and mortar casino environment and your experience in a DOGE casino will be pretty much the same, perhaps even better but at the comfort of your home.
Here are the advantages of playing at a DOGE casino;
At a dogecoin casino, you don't have to give out your details to enjoy the thrill of online gambling.
Some of these casinos create an account for a player using a secure private key, which is often stored as a unique web address. This allows enabling players and their balances to be identified without them giving out their details.
The platform uses Scrypt algorithm which is very secure. However, it is its transaction speeds that have made it a better alternative to either Bitcoin and Litecoin.
Fast transaction speeds mean quick and efficient withdrawals. You will not have to wait for ages to have your winnings at your disposal.
DOGE was designed for micro-transactions and as such its fees are negligible compared to its peers. It is due to this fact, coupled with its transaction speeds, that the currency stands out as a tipping and donation currency on the internet.
Casinos that accept DOGE deposits and withdrawals are referred to us Dogecoin casinos. There is quite a number, however, not all of them are legit. Some operate outside the laws of probability, and, thus, cheat.
Trusted casinos provide provably fair games and regularly ensure that the games are balanced in the interest of fairness and for the love of the game. They make prompt deposits and quick withdrawals and offer a multitude of games.
Like any online business, the online gambling industry is purely based on a reputation of trust. One small hitch can spark mass departure of business as news spread like a bushfire on the internet.
Having said that, here is the list of the most trusted cryptocurrency casinos that offer dogecoin as payment and withdrawal method:
Other interesting choices include;
Choosing the doge casino to play may be the most difficult thing. But once you've done so, the rest is a straightforward process. Once you've loaded your Dogecoin wallet, you can load your casino betting account in these five simple steps:
Provably fair algorithm analyses and verifies the fairness of the service operator. Dogecoin uses blockchain technology, a public ledger that holds all transaction details that happens within the network. The blockchain technology makes it impossible for a casino to cheat.
The best DOGE casinos provide provably fair games. They use verification systems which allow players to validate the integrity of every bet they placed by checking the randomness of the results.
To check for randomness, you use Dogecoin cryptographic hash function. If there's an error in the outcome, the hash will not be verified. A player can check to confirm the authenticity of each bet. However, each casino game has its algorithm for calculating randomness.
For provably fair games, the result is produced before the player makes their choice. For example, in roulette, a random stop location is generated using a pseudorandom number generator before a player makes their choice.
To verify the outcome was random, you use the Result, the hashed number which remains a secret and is unique to the result, and the player’s choice. This data is revealed to the player at the end of the spin. They can verify that the result matches the hashed-number.
There is nothing really peculiar about dogecoin casino, other than you can use the digital currency to bet and you can prove the randomness of the games. Provably fair game is unheard of in the brick and mortar casinos. Otherwise, the games remain quite similar to those offered by the traditional casinos.
Dogecoin enthusiasts can play;
They can even participate in sports betting if their chosen DOGE casino offers the option.
Have you ever played online casino games before? If you have some experience, then you already know how to wager on games with doge. Nothing really changes, apart from the convenience and speed with which you deposit your bet amount and withdraw your winnings.
Here is how to wager;
Dogecoin is infinite in supply and so its value has always remained exceptionally low, so it is perfect for micro-transactions. Doesn’t that make it an impeccable choice for gambling?
There is more to a good casino than just the website quality, the number of games and the payment methods. Not every casino that accepts dogecoin is a go for you. That's why we rank casinos. When doing this, we look at several factors, some of which include;
In choosing an online casino, due diligence is required. As a player, Other than the four factors mentioned above, you also need to check out on deposit and withdrawal guidelines, customer support, and a lot more. You need also to check whether they accept players from your country.
Ultimately, cryptocurrencies have transformed the gambling industry. Players are now sure to play and win. And they lose, they lose fairly based on provably fair games. Also, players can enjoy quick and faster payments regardless of where they are. But with dogecoin casinos, they get something more; the ability to do relatively smaller transactions at almost no cost at all.