Launched in 2013, Dogecoin (DOGE) started out as a “joke coin”, but it took the world by storm after Tesla founder Elon Musk made it popular on social media. Today, Dogecoin is one of the most popular cryptos in the world, commonly used for the so-called “hodling”, but also for online payments. The latter is particularly the case in the online gambling world.
Why Use Dogecoin for Online Casinos
One of the main reasons why online gamblers love Dogecoin is that its price is measured in cents. This means that gambling with this coin will not result in you getting carried away and spending more than you can afford. Spending a couple of DOGEs would mean nothing for your budget while losing a couple of BTCs could be a real disaster.
DOGE is a great choice for budget-conscious gamblers because most online casinos that support this crypto keep the minimum deposit to just $10, that is, its equivalent in Dogecoins. The best thing is that it’s a similar case with withdrawals.
The reason why Dogecoin is suitable for high rollers is that it allows you to transfer big amounts of money from/to your casino account much faster than you would with other cryptos. On average, DOGE transactions are almost five times faster than those made with Bitcoin.
Security and Anonymity
Blockchain Security: DOGE transactions are secured by blockchain technology, which is inherently secure due to its decentralized nature and cryptographic protocols. This means that transactions are difficult to tamper with once they are recorded on the blockchain.
Anonymity: Like other cryptocurrencies, DOGE offers a level of anonymity. Personal details are not required for transactions, which can enhance your privacy compared to traditional banking methods.
Encryption: Transactions made with this deposit method are encrypted, adding an extra layer of security against potential breaches.
Exchange Security: When buying or selling DOGE, using well-established and secure cryptocurrency exchanges reduces the risk of fraud or theft.
Casino Security: The security of using this deposit method also depends on the casino’s security protocols. Reputable online casinos use SSL encryption, secure servers, and other measures to protect user data and transactions.
Regulation: Unlike traditional banking methods, cryptocurrencies are less regulated, which can be a double-edged sword. While this allows for greater freedom and fewer restrictions, it also means fewer protections if something goes wrong.
In summary, using Dogecoin for online casino deposits can be secure, provided you take appropriate precautions, such as using secure wallets and reputable casinos. However, the lack of regulatory oversight means it's essential to do thorough research to ensure the platform you are using is trustworthy.
One disadvantage that DOGE does have compared to Bitcoin is that it’s not as widely accepted in online casinos. While BTC has become standard for deposits/withdrawals at crypto-friendly gambling sites, Dogecoin is supported by a smaller percentage of casinos.
The good news is that many internet casinos that we have reviewed on our website support DOGE. Those platforms have our stamp of approval, meaning that you can have peace of mind when using them to gamble. And some of them even offer some exclusive bonuses for Dogecoin users!
Another way you may prefer online casino deposits is by using Bitcoin as a banking option.