You’ve come to the right place if you’re looking to learn more about Dogecoin as a cryptocurrency payment option or simply want quick access to the top Dogecoin online casinos.
In this Dogecoin guide, we take you through all there is to know about Dogecoin, including casinos that accept doge, how to make a deposit, the fees attached, and the benefits of choosing Dogecoin as your payment method.
Read the complete Dogecoin Casinos guide for more information.
Using Dogecoin at online casinos
It’s interesting that the highly popular cryptocurrency, Dogecoin, started as a joke. It was an attempt to mock Bitcoin when everyone was first under the impression that cryptocurrency would have no future or place in the world. Today it is one of the most popular cryptocurrencies available in online casinos worldwide.
Dogecoin first appeared on the scene in December 2013, and today it is already available in 50+ countries. Dogecoin’s trademark is the Japanese Shiba Dog Inu. It might have started as a mockery, but today it is a leading cryptocurrency. And among the top 5 cryptocurrencies available to use in online casinos, with a great range of online casinos allowing payments via Dogecoin. It has heaps of benefits which include being the limitless generation of Dogecoin.
How to deposit using Dogecoin
When it comes to Dogecoin, you don’t have to worry about the difficulty of making payments. There are no complicated steps to follow. Instead, it is just as easy as it is to make a payment via fiat currency. If you’re entirely new to online casinos and online payments, here’s a quick rundown of how to deposit using Dogecoin.
You will first need to log in to your online casino and head to the cashier/banking section. From there, you can choose Dogecoin as your payment method of choice. Then you can open your own crypto wallet account where you will enter your personal dogecoin address along with the amount you which to deposit. All you need to do is confirm the payment and head back to the casino. You will note that your funds are instantly available to use for gameplay.
How to Withdraw With DogeCoin
Making withdrawals using Dogecoin is just as quick and easy as it is making a deposit. If this is your first time using Dogecoin, don’t worry, we’ve got you covered. You can follow our short description of withdrawing winnings at a Dogecoin casino.
The withdrawal process is very similar to the deposit process. You will first need to head over to your online casino and log in to your account. From there, you can make your way to the cashier section and choose Dogecoin as your withdrawal payment method of choice. You can then open your Dogecoin wallet address in the provided field. Enter the amount you want to cash out and confirm the withdrawal. Once you confirm the withdrawal, your funds will become available within a few minutes. Suppose there is a case where the casino needs to approve your withdrawal manually. In that case, it can take longer (1-2 days) to receive your withdrawals.
KYC process of Dogecoin
The online casino industry is ruled with an iron fist with strict regulatory requirements. And while there are still some hiccups regarding cryptocurrencies, the KYC process remains a requirement for crypto casinos, just like with any other online casino.
KYC, known as Know Your Client, is a verification process where the operator requires certain information to verify your identity and avoid any possible fraudulent activity. This can include proof of identification and personal details like your full name, date of birth, social security number, email address, and more.
Advantages of using Dogecoin at online casinos
There are various reasons to consider using Dogecoin at online casinos. Here are a few of the top advantages you can enjoy when you decide to use Dogecoin as your payment method of choice.
One of the biggest selling points with Dogecoin is that it is unlimited. With another cryptocurrency, such as Bitcoin, there is a limit to the number of blocks that can be generated. Dogecoin is never-ending, allowing the creation of new blocks without stopping.
Low Transaction fees
While some fees occur, you will find that the costs are very low on transactions. The fees will vary based on the casino, so find a casino with the lowest fees possible.
The fact that Dogecoin stays low in value also means there is less risk in volatility. Keep in mind that this also means a lower coin value.
Disadvantages of Dogecoin
With any good thing, including payment methods, there will be some disadvantages that you need to consider before making your choice. Here are some of the downsides of using Dogecoin as a payment method.
Fees on Transactions
One thing you can’t avoid when using a cryptocurrency such as Dogecoin is the transaction fees. It’s best to find a casino with the lowest possible costs. Keep in mind that crypto wallets will also charge mining fees.
Dogecoin is not yet available in a wide variety of online casinos. You only have a small selection of online casinos to choose from. The list of Dogecoin casinos will continue to grow to expand your list of options.
Fees and Withdrawal Times for Dogecoin
With Dogecoin, you can rest assured that transactions are processed quickly. You can potentially receive your withdrawals in a few minutes or hours. Whether you have a small or large deposit, you can look forward to quick transactions. Withdrawals are generally fast, taking only a couple of minutes. However, if there is a manual approval process, it can take up to 2 days for the withdrawal to go through.
On the other hand, you should be aware that Dogecoin is a cryptocurrency with fees attached. When making a transaction with Dogecoin, you will be expected to pay a fee no matter the transaction’s size. Costs vary based on the casino you are playing at, and it can be anything from $1.50 or $2 to higher.