The advent of cryptocurrencies changed global financial systems and paved the way for the close integration of cryptocurrency with the online gambling industry. The integration of gambling with blockchain technology has offered a kind of anonymity and security to the process of gambling that was never seen before. As cryptocurrency is becoming more and more mainstream, the use of cryptocurrency in gambling is expected to keep on growing.
Among the cryptocurrency used in the casinos for gambling on SoftSwiss, Dogecoin is in the top five. To better understand the impact of Dogecoin on this industry, we must first look at the coin’s intriguing history. Based on the well-known Doge meme, Jackson Palmer first invented Dogecoin as a joke. To the amazement of its creator, it evolved into a legitimate cryptocurrency that traded alongside other, more important currencies.
Doge has a reasonably loyal and cohesive community, even though its popularity lags much behind Bitcoin’s. As time is passing, more companies have started to accept Dogecoin. Now a mainstay of many blockchain casinos, Dogecoin is a useful and more secure alternative currency for gambling. Let us then look at what Dogecoin casinos are.
What are Dogecoin casinos?
Dogecoin casinos are those online casinos that feature Dogecoin as a bettable currency in their gambling games. These casinos accept deposits and withdrawals in cryptocurrencies. As a result, players can access various privileges unavailable in the fiat casino industry.
Since Dogecoin has a low value and a friendly community, Dogecoin casinos have become an extremely popular name in the online casino world. Due to its high liquidity rate, Dogecoin is a fantastic method to bet online and win large.
Along with conventional table games like blackjack and roulette, Dogecoin casino provides a wide variety of slots, dice games, and video poker. Several new Dogecoin casinos also provide live casinos for those who prefer a more involved experience. If you enjoy sports betting, many Dogecoin casinos also offer live betting in case you want to wager on games already underway.
Dogecoin uses blockchain technology, which operates as a decentralised network. This ensures the integrity and anonymity of the whole process of dogecoin gambling. The factor that makes Dogecoin a little more efficient for processing payments is that miners can solve the mathematical equations that help complete and record transactions faster and easier. Offering near-instant deposits and transfers gives Dogecoin casinos an advantage over fiat casinos.
Benefits and Drawbacks of Choosing Dogecoin Casinos
When getting into crypto gambling, it is best to make the right choice regarding your currency. Playing in crypto casinos and meeting the wagering criteria for crypto gaming go hand in hand regarding benefits and drawbacks.
There are generally no fees or charges connected with Dogecoin deposits. High rollers or regular players can join the VIP club depending on the total amount they wager on any gaming site. The big rollers who make significant deposits and withdrawals do so for Dogecoin. Dogecoin is user-friendly and offers quicker deposits or lower transaction costs than the more expensive total market cap choices like bitcoin. Some pros and cons associated with Dogecoin casinos are:
Source: Pexels
Benefits
Security and anonymity
The Dogecoin casinos that take Dogecoin from online players often place a high priority on security and hardly ever become targets of a cyberattack. The following security requirements apply to online casinos offering Doge games:
- Two-factor identification
- SSA cryptography (in some cases).
- A solid foundation that enhances credibility
Due to blockchain technology, Dogecoin online betting has a high level of anonymity.
Instant Payments
Depending on the network, Dogecoin deposits typically go through instantly, and cryptocurrency fans can start Dogecoin gambling immediately. Any mainstream Dogecoin casinos will allow rapid withdrawals for slot machine games, free spins, and crypto games when it comes to rewards.
Dogecoin lottery, poker, roulette, video poker, card games, and many more Dogecoin games may be played live all the time, with players contributing for a welcome bonus. Withdrawing payments is easy as Dogecoin online gambling often operates 24 hours daily.
Cost Effective
While many bonuses entice crypto casino players, the digitization of the gambling industry majorly brings down the costs of playing games.
Top sites offer a variety of casino games or Dogecoin games, including Dogecoin poker, Dogecoin blackjack, Doge roulette, sports betting games, and other provably fair games without requiring a large financial investment. The cost-effectiveness of Dogecoin casinos is a huge benefit that helps players save the extra money they might otherwise have to spend in an offline casino.
High Betting Limits
Dogecoin casinos often have no deposit limitations, which increases the likelihood that players will get the initial deposit bonus. Additionally, users may add as many fiat currencies or crypto assets as they desire to play with on the site. There is only a minimal cap on the initial deposit incentive that you might receive.
On the other hand, the top platforms are still substantially more likely to have lower fees and higher withdrawal limits. This could be the case because casinos don’t want their whole user base to start making massive withdrawals.
A player’s level of VIP club membership may also impact the high betting limitations that cryptocurrency casinos impose on some modest transactions for each account. These memberships give certain benefits to their loyal customers, as shown below.
Source: Dogecoin Casino Cloudbet
Bonuses & Rewards
Bonuses like free spins are used to attract players who prefer provably fair bonuses like welcome bonuses, first deposit bonuses, free bets, and over 150 free spins (going up to 180 free spins for some casinos).
Source: Bets.io
Some Dogecoin online casinos reward devoted players with weekly incentives (free spins) or cashback. Before joining, the player should evaluate each site’s free spins bonus, weekly cashback, etc., to see what sticks out.
The platforms provide bonuses up to the first four deposits and can increase the substantial number of opportunities a user may have to experience a reward from online gambling.
In some circumstances, the casino will allow you to choose between bonuses such as free spins, a welcome bonus, or additional sports betting promos. It is better to make the choice after careful consideration between the free spins and the initial deposit incentive.
Drawbacks
Volatility
The first potential drawback of dogecoin gambling that comes to mind is that it uses a virtual currency, making it a dangerous wager even though there are many free spins available and the benefits that dogecoin betting offers.
Due to price fluctuations when dealing with a crypto casino, gains may become less meaningful, and players risk financial losses. There is a potential for the value of the dogecoin itself may fall with other cryptocurrencies and fiat money. This potential drawback can also become a huge benefit if users get lucky and Dogecoin’s price rises after they win.
Site security & Regulation
Security is one of the advantages, but it may also become a disadvantage for a platform that offers any casino game or dogecoin gambling. The victors can still be exposed to ethical lapses even if most gambling sites work hard to maintain a high standard with provably fair games.
Any website that employs the new version of SSL encryption will benefit from increased protection. Before selecting the best option and transferring fiat money from one’s dogecoin wallet, it is strongly advised to ensure that a casino has perfect security measures and a decent track record.
What to look out for in Dogecoin Casinos
In Dogecoin casinos, you could get access to thousands of classic casino games and a full-featured sports betting facility. The kind of casino you join will determine your Dogecoin gaming activities’ security. Online casinos come in all shapes and sizes and have their own policies and software providers. You need to look out for these things if you are planning on betting.
Acceptance of Currency
Online casinos are of various types, and not everyone accepts cryptocurrencies. You should look out and confirm if they accept Dogecoin in addition to other cryptocurrencies to use as a payment method for depositing, wagering, and withdrawal options.
Software Providers
To ensure the integrity of their platform and provide safety to their customers, well-reputed Dogecoin casinos, especially new Dogecoin casinos, have their websites backed by leading software-providing companies.
These regulatory licensed owner companies also provide their services to the fiat currency casinos, which means they are authorised. One needs to look out and make sure the Dogecoin gambling endeavours that one plans on betting on are secure.
Deposit Bonus and Free Spins
Dogecoin casinos offer deposit bonuses and free spins to bring more people into their platforms. If a person plans to do Dogecoin gambling, taking advantage of these deals is a great start. Even though Dogecoin casino incentives might be fantastic, you must consider the bonus’s terms and conditions.
These are put in place to make sure that players don’t try to take the bonus outright. Instead, the Dogecoin casino wants you to try all of its games, making it difficult to convert your bonus dollars into real money.
Dogecoin deposits
There is an option to buy Dogecoin from the Dogecoin casino’s website, but it is better to buy them independently. Doing so can help get better rates, as Dogecoin is listed on almost all major crypto exchanges. New Dogecoin casinos are working on integrating the open access of depositing Dogecoin directly from exchanges to their website. Until these features are fully implemented, it is better to look out and ensure you get the best rates.
Rigged Sites
One of the biggest Internet Dogecoin gambling mistakes is not using provably fair games. You want a site you can trust while looking for a place to play online poker. Finding a website with a solid history of security is crucial. It should be mentioned that the most reputable poker sites hold licences from international gaming authorities.
Hackers always try to find loopholes in a site or app’s algorithm to predict the odds. They will investigate a site’s PRNG to foretell the game’s outcome. Online gaming and poker companies often review and tweak their PRNGs to avoid this expected behaviour on the part of those looking to cheat.
Unpredictability
Cryptocurrencies like Dodge are highly unpredictable, which makes dodge gambling much riskier. Interesting patterns and bursts may be seen in return and volatility spillovers. Dogecoin, a dominant player in the cryptocurrency industry, is a coin used for risk hedging on many exchanges because of its low and rather constant price.
Starting Gambling at Dogecoin Casinos: A Complete Guide
Buying Dogecoin
The first step of starting gambling at Dogecoin casinos is to buy Dogecoin. According to Forbes, buying a cryptocurrency like Dogecoin from a trusted exchange such as Coinbase, Binance, or Kraken is the best option. A quick guide to buying Dogecoin from Binance is as follows:
Binance
To buy Dogecoin from Binance to start gambling at Dogecoin casinos, go to Binance’s website and create an account.
After verification of your mobile number, click on the “Buy Crypto” link on the top left of the website navigation, which will show the available options in your country. Click on buy Dogecoin from “Credit/Debit Card.”
In the “Spend” section, click on the currency and amount that you want to purchase cryptocurrency with. In the “Receive” section, select “DOGE” and buy. Binance supports bank deposits, P2P trading, and third-party payments to buy Dogecoin.
Storing Dogecoin Safely
You can retain money in your exchange account if you just want to purchase a small quantity of cryptocurrency. Any cryptocurrency, including DOGE, can be easily maintained in a digital wallet such as coinbase. Dogecoin may be used in casinos and other settings with complete anonymity and increased security, thanks to digital wallets. Different digital wallet models provide varying levels of security:
Online Wallets
These are digital wallets hosted by the exchange where you purchase Dogecoin. A security key that permits access to the wallet is used to safeguard them. The wallet is entirely internet-based and linked to the web.
Since your money will be exposed in the event of a cyber-attack on the exchange, many traders, especially those who deal with bigger quantities of cryptocurrency, view this as a somewhat risky alternative. But this is also regarded as the quickest and most straightforward choice.
Mobile or Desktop wallets
Mobile wallets run on tablets or smartphones, so you may frequently be in charge of controlling the security key for your wallet. Numerous mobile wallets offer storage for your Dogecoin and may be instantly connected to the exchange.
Desktop wallets come from downloaded software and are made exclusively for PC users. The majority of these wallets include cold storage options, which heighten security directly.
Since they are not connected to the larger crypto exchange network, which is more vulnerable to attacks, they are seen as more secure than web-based wallets. Mobile and desktop wallets provide both hot and cold wallet options, the former being more user-friendly and the latter being more secure.
Hardware wallets
As the name implies, hardware wallets are kept offline on physical hardware. They only get hot when you plug them into a USB port on a computer to access them. The best security for prospective cyberattacks is provided by the remaining period in storage, which is fully cold.
Following hardware wallets are trusted for Dogecoin:
- Ledger Nano S or Nano X
- Trezor One or Trezor Model T
- SafePal S1
Conclusion
Dogecoin casinos offer a wide range of options to the player, providing them with ease of access as well as a safe and secure platform for Dogecoin gambling. A perfect casino does not exist, with every Dogecoin casino having its own areas of expertise and also areas in which it lacks. But thankfully, players have a wide range to choose from depending upon their preferences with a large variety of games offered by many casinos.
This experience makes Dogecoin one of the leading cryptocurrencies in the crypto casino industry. With its rising popularity and success, new Dogecoin casinos are rapidly increasing allowing its owners to enjoy a fun, easy, and profitable gaming experience with a wide range of choices to meet everyone’s preferences.
