About Dogecoin
What is Dogecoin?
Dogecoin (DOGE) — an open-source cryptocurrency, draws its mechanics from Litecoin and Bitcoin, and it’s aptly named after the Doge Internet meme. Its introduction dates back to December 8, 2013. Notably, Dogecoin stands out for its rapid transaction speed and economical transaction fees. Crafting a Dogecoin block merely takes about 1 minute, a stark contrast to Bitcoin’s 10 minutes and Litecoin’s 2.5 minutes per block.
his cryptocurrency holds the distinction of being the pioneering “meme cryptocurrency.” Despite its humorous origins, Dogecoin swiftly gained traction within the online community and presently finds active integration in online transactions.
How to Make A Deposit to Online Casino using Dogecoin?
- Choose a Dogecoin Wallet: Ensure you have a Dogecoin wallet where you can store and manage your Dogecoin. You can choose from various types of wallets, including online wallets, desktop wallets, mobile wallets, or hardware wallets.
- Acquire Dogecoin: Acquire the desired amount of Dogecoin for your casino deposit. You can purchase Dogecoin from cryptocurrency exchanges, peer-to-peer platforms, or through ATM machines that support Dogecoin.
- Access the Deposit Section: Log in to your casino account and navigate to the deposit section or cashier.
- Choose Dogecoin as Deposit Method: Look for Dogecoin as a deposit option in the list of available payment methods.
- Enter Deposit Amount: Specify the amount of Dogecoin you wish to deposit into your casino account. Ensure you follow any minimum or maximum deposit requirements set by the casino.
- Generate Deposit Address: The casino will provide you with a unique Dogecoin deposit address. This address is essential for sending your Dogecoin to the casino.
- Send Dogecoin from Your Wallet: Open your Dogecoin wallet and initiate a transaction. Send the specified amount of Dogecoin to the deposit address provided by the casino. Double-check the address to ensure accuracy.
- Wait for Confirmation: The casino will wait for a certain number of confirmations on the Dogecoin blockchain to validate the transaction. This usually takes a few minutes.
- Confirmation and Account Update: Once the transaction is confirmed, the casino will credit the corresponding amount of Dogecoin to your casino account, and you can start playing.
Pros:
- Minimum possible fees. Dogecoin has one of the lowest fees among other cryptocurrencies, average is ~0.10$.
- Super fast transactions. To create a block in a blockchain it needs maximum one minute.
- Anonymity. If you deposit using crypto, don’t worry – you are anonymous.
- Secure transactions. Blockchain provides high security level.
- High censorship resistance (nobody can block your wallet).
Cons:
- Exchange rate volatility. DOGE is a memecoin, which is easily manipulated by “whales” – large coin amount holders.
