Best Crypto Casinos That Accept Dogecoin (2024)

As the world’s first-ever meme coin, Dogecoin appeared on the scene amongst many jokes and people overlooking it as anything serious. However, the coin has steadily gained popularity by many users online-including gamblers and crypto casinos.

In this article, we will look at the best online crypto casinos that accept Dogecoin. We’ll also look into how the coin began, how it works, and what should know about it before using it to gamble online.

History of Dogecoin

Starting in 2013, the coin was created by Billy Markus and Jackson Palmer-software engineers who worked for IBM and Adobe respectively. Initially, the coin was started as a joke only and was made to poke fun at other cryptocurrencies-like Bitcoin.

Since its launch, however, the coin has grown in popularity-even inspiring support from Tesla and SpaceX owner Elon Musk. Today, the altcoin continues to gain popularity and is becoming more widely used online.

How Dogecoin Works

Dogecoin works in much the same way as any other crypto. That is, it uses a blockchain made up of blocks that contain transaction groupings as well as unmined Dogecoin.

Each block uses peer-to-peer verification and Scrypt encryption. This means that each block is analyzed by multiple users on the blockchain before it is confirmed to the chain. This ensures that the block is secure and holds the correct information.

Once a block has been verified, it is added to the blockchain. This, in turn, confirms all transactions within that block and releases any new DOGE that is contained in that block. These new Dogecoins are released as a payment to whichever users processed the block.

One of the main differences when it comes to Dogecoin compared to other cryptocurrencies (like Bitcoin), is the time it takes for blocks to be confirmed on the blockchain.

Bitcoin takes an average of 10 minutes per block, while other cryptos like Litecoin only take two and a half minutes. By comparison, Dogecoin takes only one minute for a new block to be written to the blockchain.

This makes transactions much quicker when transacting using DOGE rather than some other cryptos. The coin also doesn’t really have a cap on how many can exist (like the 21 million of BTC). Instead, five billion are released every calendar year with no overall limit.

Dogecoin Fees

Because of how fast transactions occur on the DOGE blockchain, service fees for this altcoin are generally low. This is because there is generally a higher supply of users processing blocks than there is a demand of transactions waiting to be added to the blockchain.

Thanks to this, the highest service fee ever recorded for Dogecoin occurred in April 2021 and was recorded at US $1.04. However, as a general standard, most transactions on the blockchain occur for a fee of around US $0.65. This is more than Litecoin (US $0.04) but still significantly less than Bitcoin (usually between US $2 and $4).

Dogecoin Wallet Requirements

As with any other cryptocurrency, there is no specific wallet that you need to use to store or transact with your crypto. Instead, some recommendations can help you select which wallet to use.

The first of these recommendations is to never store large amounts of DOGE in a mobile wallet. For larger amounts, it is better to use cold storage, paper wallets, hardware wallets, or regular PC wallets.

However, if you regularly deposit into your player account or withdraw winnings from your favorite crypto casino, mobile wallets offer the best convenience for multiple quick transactions.

Pros of Gambling With Dogecoin

Like almost all cryptocurrencies, there are several advantages to gambling with Dogecoin. These include:

Transaction Speed

As mentioned, Dogecoin processes new blocks to the blockchain every minute. This means that transactions are very quick and you won’t have to wait long for your deposit to be confirmed. This is a bonus if your chosen online casino or gambling site doesn’t offer instant deposits.

Secure

As is the hallmark of cryptocurrency, Dogecoin is incredibly secure. This is thanks to the fact that the blockchain that runs the crypto is decentralized, not controlled by a singular person or group, and is confirmed by peer-to-peer encryption.

This means that using the coin-especially when transacting with online casinos-is very secure.

Low Fees

While not the lowest fees available when it comes to the most popular cryptocurrencies, Dogecoins offer very low service fees. This is because of the quick speed at which transactions are processed and the considerable number of users who operate on the blockchain.

Large Support

Even though this altcoin started as a joke, it has gained massive support from many online communities-including the likes of Elon Musk. This support has spawned many subreddits, forums, and has helped spur the coin into becoming a household name.

Cons of Gambling With Dogecoin

Sadly, as great as the perks of using Dogecoin are, there are also some negative aspects to it. Some of these include:

Lower Popularity

While known internationally because of the joke behind its creation, Dogecoin is still not nearly as popular as other cryptocurrencies. This is especially true when comparing it to other larger altcoins like Litecoin and Ethereum.

Volatile (or Little) Worth

While many altcoins grew in leaps and bounds, Dogecoin has been slower to gain worth than many others. Aside from this lower value than others, the coin also has the same volatile risk involved-leaping in value one moment and losing it the next.

Not Commonly Accepted

Because of the joke behind the coin, many companies and online suppliers have been cautious to begin accepting this altcoin. While this is improving, there are still many places that don’t accept it-including many great online crypto casinos.

Thankfully, some great places do accept DOGE as a currency to gamble.

Dogecoin vs. Other Altcoins Comparison

The table below shows a quick comparison of how Dogecoin stacks up against Bitcoin and other popular altcoins:

Dogecoin - Conclusion

What may have started as a joke has certainly expanded to become a very viable cryptocurrency in today’s market. Dogecoin has grown significantly (even if slowly) since it was launched and is predicted to become one of the leading altcoins in the future.

If you are looking to invest in or gamble using DOGE, it is certainly an altcoin worth considering. This is especially true considering the number of online crypto casinos that are beginning to offer support for the coin.