I’m sure that by this point we’ve all seen the smiling Shiba Inu coin and heard about Elon Musk’s dedication to the memecoin on the news. But Dogecoin isn’t just a millennial internet joke anymore, it’s started to see action in mainstream venues. You can make Doge part of your retirement portfolio and make deposits at some of the top Dogecoin casinos out there.
In this article, we’ll discuss the origins of Dogecoin, how you can use it for online gambling, and our top picks for the best Dogecoin casinos!
What Is Dogecoin?
Dogecoin is a peer-to-peer cryptocurrency featuring a Shiba Inu dog from the “Doge” Internet meme on its logo. It was introduced on 2013 by former Adobe and IBM software developers, and has recently gained a lot of traction.
Compared with other cryptocurrencies, Dogecoin has a fast initial coin production schedule: there were approximately 100 billion coins in circulation by the end of 2014 with an additional 5.2 billion coins every year thereafter.
While there are few mainstream commercial applications, the currency has gained traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. Many members of the Dogecoin community, as well as members of other cryptocurrency communities, use the phrase “To the moon!” to describe the overall sentiment of the coin’s rising value.
How Dogecoin Works
Dogecoin is based on the same code that Litecoin uses, so there are similar features to Dogecoin. It can be mined, traded online, and has a finite supply of 100 billion coins.
The main difference between Dogecoin and Bitcoin is that while Bitcoin’s mining schedule is controlled by its creator (the number of coins mined decreases geometrically by a half every four years), Dogecoin is released in a predetermined schedule.
The second major difference is the hashing algorithm used. While Bitcoin uses the SHA-256 algorithm, which is more complex due to its heavier reliance on memory usage, Dogecoin makes use of a simpler algorithm called Scrypt.
Despite being an internet sensation, Dogecoin has actually started to gain traction in official channels, like online casinos. Because Doge runs on Litecoin’s secured protocol, it is a safe and easy way to make transactions online.
Dogecoin Compared to Other Banking Methods
Even though Dogecoin has been around for a while, it only recently started to gain popularity. In 2020, the coin jumped up in value, making long-time investors of the coin very wealthy. Today, the price hovers between $0.20 and $0.35, but the faithful holders believe the coin will increase in value, breaking the $1 threshold.
Despite having a low price point, Dogecoin has started to become more than just a dog joke coin. It’s now being used to buy tickets to sporting events, tip online creators, and make deposits at online casinos. But there are some downsides to Dogecoin, which we’ll see below.
Dogecoin vs. Other Cryptocurrencies
When Dogecoin was introduced through an open-source client on December 6th, 2013, the technical differences between cryptocurrencies hadn’t really been addressed.
The original protocol implemented by Satoshi Nakamoto for Bitcoin was considered to be a major advancement in computer science because it solved problems associated with double-spending without delegating trust to a third party.
The solidity of trust was one of the main reasons why Dogecoin couldn’t really take off. The team behind Dogecoin could do what they wanted with the coin because there were no other people to argue against their decisions or inform them that changing something would be for the betterment of the network.
This is where Bitcoin differs greatly. Bitcoin’s code is open-source, so anyone can look at the transactions on the network and make sure that all of the data makes sense.
As a result, Bitcoin has had fewer problems with security since it was introduced to the world in 2009. Because Dogecoin isn’t transparent, its protocol hasn’t been tested as thoroughly, and it’s been the victim of many attacks.
The most notable attack in Dogecoin was a cyber-attack in October 2014. The attackers were able to trick people into mining an alternate version of Dogecoin by using a Trojan that installed itself when users visited a certain website.
While this kind of thing can happen to different cryptocurrencies, it’s more likely to occur with a coin that hasn’t been tested as rigorously as Bitcoin. With that being said, a lot of time has passed since 2014, and the creators of Doge have made rigorous changes to improve the coin’s safety.
The transaction times for Doge are above industry average, sitting at about 40 minutes for transaction confirmation. While being significantly faster than Bitcoin, Doge is much slower than its altcoin counterparts, XRP, Stellar, and Cardano.
Dogecoin vs. Credit Cards and Bank Transfers
Credit cards are one of the most common methods for depositing funds at online casinos. It’s quick and doesn’t require any setup beforehand like cryptocurrency deposits do.
However, transaction fees really start to hinder your gambling budget. Some cards have fees that can range upwards of 3%, and bank transfers aren’t good alternatives because they’re very slow.
Dogecoin fees are about 2.5 Doge, or $0.62, which is much lower than conventional card fees.
Plus, Dogecoin’s secured network lets you make relatively anonymous deposits. Banks and credit card companies monitor your spending and keep records of your deposits, but Dogecoin’s network couldn’t care less about where you’re spending your money.
Dogecoin vs. E-Wallets
E-wallets such as PayPal and Skrill are popular choices for online casino players because they allow the user to deposit money into their account and then use that balance at different sites.
However, e-wallets come with significant drawbacks that you won’t find when using Doge:
- Convenience: It’s much easier to make deposits and withdrawals with Doge because you can access it from any computer or smartphone.
- Speed: E-wallet transfers take time to process, and even more if there’s a problem on your end.
- Upfront Fees: You might incur fees for certain transactions with an e-wallet such as PayPal. Plus, transferring funds back to your bank account from your e-wallet will cost you.
Best US Online Casinos Accepting Dogecoin
Like we mentioned earlier, not many places are accepting Dogecoin deposits yet. However, a few select US crypto casinos have made a point to support Doge. And thankfully, they’re the biggest, best names in the industry:
Why Choose Dogecoin for Online Gambling?
Dogecoin can be a good options to use for making an online casino deposit, especially if you already hold it in a crypto wallet. Below we have listed out the top reasons why we believe Dogecoin could be the right option for you when it comes to gambling online.
- Dogecoin is faster than Bitcoin and other large crypto
- Dogecoin has low fees, sitting at right about $0.60
- Dogecoin is secure and anonymous
- Dogecoin has potential to increase in price, meaning you can make even more money off your casino winnings.
How to Choose The Best Dogecoin Gambling Site
Choosing an online casino isn’t a five-minute affair. Sometimes, it can take hours to sort through all the relevant information out there. Plus, add multiple Dogecoin casinos to your docket, and you landed yourself a full day’s worth of work.
But not to fear, there are a few simple criteria you can use to streamline your vetting process.
Below, we’ll detail the things we look for when recommending a good US cryptocurrency casino.
Reputation and Licensing
All good online casinos are regulated by a federal gaming authority. Most online casinos seek offshore licenses, like the ones from the Panama and Curacao Gaming Control Boards. These licenses certify that the casino has undergone rigorous testing for best practices and game fairness.
Plus, the casino is frequently audited to make sure it still complies with these standards. So, it’s not a one-and-done deal!
To find a casino’s license, you can do a quick Google search or check in the website footer or on their legal page.
A good online casino will have its games tested by third-party developers to ensure that their RNGs are operating properly, and they will display this certification as well.
Game Selection
The best online cryptocurrency casinos have a wide selection of games. Some sites might specialize in slots, while others will only have table games available.
Of course, there are some that offer a great mix of both, but finding one of those isn’t usually hard because the online casino market is crowded with options.
Remember, not all games are equal. You should always check to see if the site you play at offers a live dealer casino because these games can be an exciting way to get in on the action.
At the end of the day, you want a casino with multiple different games that interest you. Getting bored is no fun!
Bonuses and Promotions
All reputable online casinos will have some sort of bonus offer for new players.
These bonuses come in the form of cash match rewards, free spins, or no deposit promos.
They act as an incentive to play at a certain site and they can make your Dogecoin gaming experience much more enjoyable.
However, these bonuses sometimes have strict gambling requirements or specific betting odds associated with them. Look for bonuses that don’t have betting requirements because they’ll be much easier for you to use.
Customer Support
It’s not uncommon for players to have questions about their Dogecoin casino site.
With that in mind, it’s always a good idea to check their live chat feature or FAQ page if you run into problems. Customer support will often respond within 30 minutes during the weekdays, but they should always be available should an emergency arise.
Live chat is the gold standard of customer service these days, so if a Dogecoin casino doesn’t have a live chat option, then they aren’t worth your time.
Mobile Compatibility
You should always make it a point to check whether or not the Dogecoin casino site you plan on using has mobile compatibility.
Many times, these casinos will have apps that integrate with your phone’s GPS to let you play games on the go. This feature can be especially useful if you want to gamble on the bus, at the bar, or at the gym.
While not super popular yet, certain casinos offer smartwatch gambling, which is a simplified way to play your favorite games!
Making Deposits With Dogecoin
Making deposits at online casinos with Dogecoin is a pretty simple process. For those of you that aren’t already crypto experts, this short guide will help you get started with Dogecoin!
Step 1: Sign Up With a Cryptocurrency Exchange
A crypto exchange is an online marketplace for buying, selling, and trading cryptocurrency. Not all crypto exchanges offer Doge because it’s often seen as a “memecoin.” However, Gemini and WeBull are both good places to buy Doge.
You’ll have to supply the exchange with some personal information to get started. Often, they’ll require your full name, email address, physical address, SSN, and state ID or driver’s license.
Once you’ve given them all the relevant info, your account will usually be verified within a few hours.
Step 2: Buy Doge and Store it in a Cryptocurrency Wallet
Once your account has been verified, you can make a deposit from your bank account, credit card, or e-Wallet. Then, you can purchase Doge using these funds.
The next step is a bit more labor-intensive. You’ll have to store your cryptocurrency in a wallet. The wallet is a secure place—either online or offline—where you can keep your crypto, as well as use it for transactions. Each wallet has a unique ID that you’ll use to move funds. Exodus and Mycelium are reputable cryptocurrency wallets.
Step 3: Log Into Your Online Casino and Make a Doge Deposit
Navigate to the casino’s cashier or banking page. From there, you can choose Doge as your deposit option and enter your wallet ID. From there, you can enter how much you want to transfer and boom! You’re done and ready to gamble.
Other Crypto Deposit Options
If you don’t own any Dogecoin right now or simply don’t trust it because it’s too new, we suggest checking out some of these other crypto deposit options that have been around longer and are accepted by a wider selection of online casino sites.
 Litecoin Online CasinosDoge runs on the Litecoin network, so using the source coin is much faster! |
 Ethereum Gambling SitesEghereum is one of the fastest and most secure deposit options for gambling online. |
 Ripple Online CasinosRipple (XRP) is one of the fastest cryptocurrencies to date, making it great for online gambling. |
Dogecoin Casino FAQ
Below we have answered several additional commonly asked questions from our users regard Dogecoin casinos and about Dogecoin in general. Doge is still pretty new to most people so we want to provide the most accurate and detailed information we can for our users.
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Will Dogecoin Become More Popular at Online Casinos?
It’s unclear whether Doge will remain a deposit option for online gamblers. There’s a lot of speculation out there about the validity of the coin as an investment and crypto. Long-time crypto users see it as a joke, while opportunistic investors see it as a way to make a quick buck. Only time will tell!
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Is Dogecoin Safe?
Yes. Since it’s release in 2013, Dogecoin has undergone significant changes to enhance its protection and make it a more viable day-to-day currency.
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Why Is Dogecoin Tied So Closely With Celebrities?
Dogecoin lives in that weird liminal space between mainstream media and Internet sensation. Elon Musk is one of the primary cheerleaders for the coin, and his tweets have driven the price up multiple times. For this reason, many people are wary of the coin because its price is influenced by individuals. However, the price of Doge has remained constant for a few months, and it seems to be becoming a more accepted crypto.
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Do Casinos Offer Dogecoin-Specific Bonuses?
Not that we know of. Some casinos offer extra deposit bonuses for Bitcoin or Ethereum, but Dogecoin isn’t that popular. However, you can still claim the crypto deposit bonus with Doge.