pachinko online casino Casinos Accepting Dogecoin

Dogecoin is a cryptocurrency based on the principles of Bitcoin, born four years after its predecessor. Considering it uses its underlying mechanics, how is Dogecoin different than Bitcoin?

In 2013…

…two buddies, Jackson Palmer, working as a manager at Adobe, and Billy Markus, an Oregon programmer, decided to have fun tackling the Bitcoin concept. They were obsessively monitoring its growth and fluctuations, watching it evolve and develop up until the cryptocurrency achieved its peak value. This is when they decided to try and make a learner-friendly derivative of the cryptocurrency, which would help new users get acquainted with virtual currencies better and faster.

In the meantime…

…there was a meme going around the internet featuring a funny, Shiba Inus dog, with a weird grimace. So, in order to create a cryptocurrency that would both seem fun and reflect the creators’ desire for it to be user-friendly, especially for new users, they decided to name it Dogecoin and feature the hilarious dog on its logo.

On December the 6 ^th …

…therefore, Dogecoin was born, as described by its creators “an open-source peer-to-peer digital currency, favoured by Shiba Inus worldwide”. The learner-friendly counterpart of Bitcoin received quite a decent audience as soon as it was released. Many people interested in holding coins themselves were impressed by the new concept and started a website where information regarding the digital currency was present. The site allowed users to share their suggestions and advice on how the cryptocurrency can be improved, all supportive and cooperative amongst each other.

The Reddit community…

…formed at this point, focused on keeping the cryptocurrency as friendly as possible, especially when it came to new members. Needless to say, it is still active to date. Two years after its creation and the cryptocurrency reached 100 billion in circulation. In the meantime, Palmer, one of the founders, gave up on the project and moved on to other ventures. But while at it, he was caught saying that Dogecoin was “just a dog on a coin”, a coin which should not be viewed as an investment asset and held for that purpose, but should be used for paying and buying and as a store of value without an exchange, contrary to Bitcoin.

Even though…

…Palmer quit on it eventually, Dogecoin had a record increase at the beginning of 2018, of more than 400%. It still remains very active, with more and more people getting their coins and more and more services offering it as a payment option, safe casino sites included.

On that note, Dogecoin is still not as widespread across online casinos as its predecessor, per se, however, more and more online casinos are showing interest in it. And considering operators are always looking for ways to please their customers, with all kinds of Live Dealer games, progressive jackpot slots and a variety of payment methods, this virtual currency is destined to receive the recognition it deserves.

How Does It Work?

Considering it was based on Bitcoin, Dogecoin pretty much works like it and any other cryptocurrency, so users would need to first choose the type of wallet they want to keep their coins in and create it.

The most used wallet…

…option is the online wallet or eWallet. To use the eWallet for your coin collection, you would need to have an internet connection. You need to create an account and from there on, you can manage your coins.

Then you have the safest solution, the desktop wallet. Given the fact that you can use the eWallet on a desktop or mobile device, you have two options: to download and install a desktop or a mobile version of the wallet. MultiDoge is one such wallet that offers day to day transactions and can be downloaded on multiple platforms with the major operating systems. Once installed on your desktop, you don't need an internet connection to control your coins. You would need one, of course, if you want to pay or buy something with them.

One of the two remaining options is the cold storage or the hardware wallet which is usually a USB or a removable hard disk where you can store your coins and protect them with a key that only you would know. This way no one can get access to them except you. The other one is the least preferred one, the option where you write down your wallet key on a piece of paper to further store it at a bank deposit box or something like that.

Once you’ve chosen the wallet…

…you need to get some coins. You can do that by mining, just like with Bitcoin, or you can buy them or exchange them using other cryptocurrencies or fiat currencies. Mining is recommended for those who have the means and resources to mine for coins, so it is not a solution for everyone. Getting the coins from exchanges like ANXPRO, WeSellDoge or LocalDogecoin using your fiat money or other cryptocurrencies may be the smartest option.

There are two other alternatives for obtaining coins, but you’ll need to be participating in the community actively, in order to get your first coins via tipping. A couple of faucets services also allow newbies to collect some amount of coins via the system by inputting their eWallet address. But this process usually takes way longer than the other ones mentioned.

Finally…

…once you have your coins, you will need to store them. Providing your alphanumeric combination, the public address key of your wallet, to the appropriate faucet or exchange service, you will get the coins on your wallet, to use them however it pleases you.

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As mentioned, online casinos do everything in their power to attract as many new players as possible and keep the existing ones as long as possible. Therefore, they continuously add new releases games and payment methods on their lists to cater to all possible players.

This way…

…Dogecoin has found its way across online casinos. Many supporters of the cryptocurrency expressed their desires to play at online casinos with it, and casinos listened. That’s why today you will find it on the lists of deposit and withdrawal methods across a variety of online casinos.

But, the first step you need to make is finding such casinos that accept it as a payment method. Make sure you inspect them for trustworthiness, licenses by respected jurisdictions, and security above all, and then the game selection and bonuses they offer. Find one suitable for you and join it.

Making a deposit…

… with this digital currency is pretty simple, considering you’ve obtained coins and stored them on an eWallet. All that’s left for you to do is log in to your online casino, go to the Banking/Cashier page and find Dogecoin. Select it as your deposit method and copy the address from the casino wallet. On your wallet, input that address as a destination point, and enter the amount of coins you would like to send to the casino wallet. Just like with Bitcoin, the coins will be on your casino account safely and instantly.

To withdraw your coins…

…from the casino, repeat the same process, only in reverse. This time you would need to choose Dogecoin, and request a withdrawal from the casino by giving it your public key number, ergo the destination where the casino should send your coins, and by entering the amount of coins you want to withdraw. Considering transactions with cryptocurrencies are irreversible, triple-check whether the alphanumeric sequence of your public key is 100% correct before providing it to the casino. You don’t want the coins you’ve won to be sent to a wallet that’s not yours, right?

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Several advantages and disadvantages of this cryptocurrency have already been mentioned throughout this article. However, it is better that we sum them up so you can have a clear picture of what to expect.

Among the benefits…

…you can get by using Dogecoin across online casinos, especially if you’re new to cryptocurrency finance, is its ease of use and user-friendly approach. You have step by step instructions and a massive support community to step up and assist you with anything you need. As you can see, once all that is covered, depositing and withdrawing with this method is pretty easy and simple.

Moreover, practically no fees and expenses exist when using this virtual currency. Sure, if mining for coins, you would have larger electricity expenses, but there are no fees to the transactions themselves.

On that note, Dogecoin is still low in value, compared to other cryptocurrencies, and that's why it is an excellent choice of digital currency to use for online gambling since you won’t risk losing massive amounts of money.

And then, of course, you have all the perks provided by any cryptocurrency with Dogecoin, as well. Thanks to its blockchain technology, it is a safe, anonymous and decentralized payment option for all online casino players wishing to stay off-records when gambling online, and want no authority to monitor their spending.

Major drawbacks…

…however, include the lack of stability and the irreversible transactions. The former seems like it would never change since due to its decentralized nature, it is yet to be endorsed by worldwide governments, if ever. As such, its value fluctuates and is still lower than of most other cryptocurrencies.

And again, due to its underlying technology, the peer-to-peer concept, no one can help you out if you made a wrong transaction and entered the wrong key. Coins sent or received cannot be retrieved, ever, because no one is tracking the transaction and no one is monitoring the whole process. But, if you’re being careful enough and if you don’t mind its low value, Dogecoin can indeed be an incredible solution for online gambling purposes.

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