What you need to know before using Dogecoin cryptocurrency
Since Bitcoin started its victorious march around the planet, a lot has changed. More than two hundred altcoins were invented, and some of them drew a lot of attention. One of them is Dogecoin. Some people consider Dogecoin a very promising representative of the altcoins generation. Nevertheless, some skeptics do not believe Dogecoin will ever reach USD1. At the same time, Dogecoin is widely used in crowdfunding, investment, online shopping, at online casino Dogecoin is almost as popular for betting as Litecoin and Bitcoin. Let us tell a bit more about this “joke” currency and get closer to understanding Dogecoin in general.
Many people say that Dogecoin was started with a joke, and that is particularly true. Dogecoin got its name from an Internet meme of 2013 picturing a Shiba-Inu dog with a funny face. However, despite jokes, Dogecoin started a new era of altcoins. To date, it has a strong market place and continuously growing rates.
Speaking about Doge technology, it works differently compared to Bitcoin. Dogecoin follows the Litecoin technology and it was written using C++. Its main value is transaction speed that is much faster than for Litecoin. The proof-of-work mechanism that enables transaction approval is not as easy to mine as Bitcoin because it requires rare and very special equipment and software. But thanks to numerous enthusiasts who opted for the opportunity to mine dogecoins in the first year of its existence more than 100 billion Dogecoins were generated. To date, the Dogecoin community is very big and supportive.
The variety of Dogecoin games
The first thing to consider Dogecoin is perfect for betting. Dogecoin gambling is safe and confidential. Transactions are very fast, several times faster than Bitcoin transactions. And it is extremely easy to bet with Dogecoin. All you need is to complete the following steps:
- Start with registering on the cryptocurrency exchange platform and create a Dogecoin wallet.
- Register at the Dogecoin gambling platform and choose Doge as your preferred type of payment.
- Deposit Dogecoins by entering your address and wallet number. Pay attention to enter data correctly as it would be impossible to decline a transaction.
- Place a bet depending on the game type you choose. For example, decide on the number of pay lines if you gamble video slots.
- Start gambling, earn Dogecoin playing games, and withdraw your winnings to your wallet within 1-2 minutes.
There are plenty of games to choose from for Dogecoin gambling. Among them are:
- video slots from best providers such as Microgaming, NetEnt, BGaming, and plenty more
- different types of roulette: American, European, etc.
- numerous varieties of poker: Texas Hold’em, Omaha Hi, and others
- blackjack: European, Vegas Strip, etc.
- dice, and many others.
Betting with Doge
Dogecoin’s benefits for online gaming go far beyond the casino. Dogecoin is also perfect for such online betting activities as:
- Sportsbooks. Betting on many kinds of sports such as football, basketball, ice hockey, golf, and many others reaches new levels with Dogecoin. Crypto bookmakers offer fast payments and easy registration together with high withdrawal limits.
- Horse racing. A beautiful sport that recently was a privilege of aristocracy is now leaving its second youth. Fast transactions, a high level of confidentiality, many betting types, and safety makes racing bets with Dogecoin more and more popular nowadays.
The future of Dogecoin crypto
Even though to date Dogecoin is not as widespread as other altcoins there are many more than optimistic predictions for 2021. From the beginning of 2021, its market rank is 32 compared to 43 at the end of 2020. Assuming huge community support it seems that Dogecoin has a lot of potential for exponential growth in the next several months.
Nevertheless, it is easy to create a wallet and exchange Dogecoins, you must be patient when choosing a platform to cooperate with it on your cryptocurrency transactions. When it comes to Dogecoin gambling you must remember that a reliable cryptocurrency casino treasures its reputation. That is why trustworthy platforms cooperate with respectable software providers.