Learn more about Dogecoin and how it is utilized at online casinos. Learn about the pros and cons of Dogecoin and how you gain bonuses by using it at casinos.
Dogecoin is a crypto token with a very interesting story behind it and also, in some ways, sums up a big part of the crypto space. Dogecoin was originally created as a joke, and the mascot of the coin was based on an internet meme.
The coin has no real-world assets to back it up, and it serves no real-world function. It’s a purely speculative token with no function and no real value other than what people are willing to pay for it. In addition to this, there is also no limit to the amount of Dogecoin tokens that can be mined by the miners of the Dogecoin network that process the transactions.
At some point in time, Elon Musk made a tweet about the meme coin and inadvertently caused the price of the coin to skyrocket. This launched Dogecoin into the spotlight, where it has stayed since. The Dogecoin community hailed Elon Musk as the “Godfather” of Dogecoin, which set Elon Musk on a love affair with Dogecoin and the community.
Soon after this, Elon Musk announced that his car manufacturing company Tesla would officially accept Dogecoin as payment for their cars. This move basically solidified Dogecoin as a cryptocurrency to be taken seriously, subsequently causing the meme coin’s price to skyrocket, which even further cemented the tokens’ place in the world of crypto.
Dogecoin is now a very popular coin and is traded on all major crypto exchanges.
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Despite the way, Dogecoin made its way into the limelight of crypto, and despite the fact that it has no supply limit or assets backing it, it has nonetheless real-world value based on the dollar value it trades for on exchanges. In addition to this, Dogecoin operates and functions on exactly the same rules as any other cryptocurrency, which makes it perfect to function as a payment option for online merchants.
Dogecoin offers the same advantage to casino players as any other crypto does. Users can also enjoy a great deal of privacy as well as cheap and fast transaction speeds.
The Dogecoin blockchain can handle around 33 transactions per second. This is far from being a fast cryptocurrency, but in most cases will be faster than a bank wire transfer.
Dogecoin functions just as well as a payment vehicle as any other crypto, and users that use it will also not need to give up any of their personal info when they visit online casinos. Users will also gain all the benefits that other crypto coins offer at online crypto casinos.
By making use of Dogecoin as a means of deposit at online casinos, clients no longer need to worry about any of their credit or debit card details falling into the wrong hands.
Dogecoin allows a certain level of anonymity and privacy to the users and provides them with timely transaction times. The online operators also encourage users to make use of Dogecoin as a means of deposit since it does away with the need to use banks or any other financial institution as a third party.
When cutting out the middleman in such a large online business, it can dramatically reduce the operating costs for online operators. This, in turn, allows them to offer some great welcome bonuses for the player and provide them with some free spins to play on some of the selected games.
Users who signup with crypto casinos not only gain access to all the games on the platform but also get to play the crypto-only games. These games might even offer better rewards and jackpots than their counterparts.
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Although Dogecoin has a strange past and no real value other than a speculative asset, it makes for a very good payment system. Since the token can quickly and easily be purchased on most exchanges, it can be sent to online casinos in a jiffy to start playing some of your favorite games without needing your credit card. That alone gives it some real word functionality.
It is this versatile nature of Dogecoin that gives it value at the end of the day. Since Dogecoin is a crypto in its own right, like any other crypto, it provides users with the same benefits.
It is coins like Dogecoin that show off just how powerful the blockchain can be compared to traditional banking systems. When two high school students can start their own cryptocurrency as a joke, and it ends up being one of the best-performing crypto tokens of all time, you know you have a technology that works.
Many would argue yes, whilst at the same time, you can sell a bunch of them on the open market, and it will make you filthy rich. If nothing else, Dogecoin is for sure a speculative asset.
Whilst Dogecoin is a very popular coin, not all crypto casinos will accept it as payment. Please check with your preferred casino if you choose Dogecoin as a means of deposit.
Yes, Dogecoin is a minable cryptocurrency. However, you will need specialized hardware to do it profitably. The profitability will also depend on your country’s energy costs.
Many crypto casinos now offer sports betting, and when using Dogecoin as a means of deposit at one of these casinos, you will surely be able to place some bets.
No, the Dogecoin tokens cannot leave the Dogecoin blockchain and cannot be bridged by normal means.
Many of the crypto casinos do offer some of the popular table games, and when you deposit Dogecoin at one of these casinos, you will be able to play the table games.
Whilst Elon Musk did say this on Twitter, at the time of writing, Tesla only accepts Dogecoin as payment for other products, but not a Tesla. In fact, on the Tesla website, there is an entire section dedicated to Dogecoin.