Hello, readers of Wincatchers! Welcome to our analysis about cryptocurrency and the use you can make of them betting on online casinos. In this opportunity, we are going to deal with Dogecoin, an alternative to Bitcoin with a really particular characteristic: it shows the image of a dog face.
Nowadays, technology is changing rapidly our lives and also our economy. Thus, cryptocurrency is gaining more and more popularity and we all know that: Bitcoin and Ethereum are good examples of this. As a consequence of that, a vast array of altcoins came into existence, as in the case of Dogecoin. Curious about that and its uses in the gambling world? Let’s go with the article.
What is Dogecoin?
Created by Billy Markus and Jackson Palmer in 2013, Dogecoin is one of the many digital currencies launched after the incredible success of Bitcoin. So, in few words it is one such alternative to Bitcoin with with a Shibu Inus (Japanese dog) as its logo. That’s beautiful, isn’t it?
As stated in Investopedia, Dogecoin looked casual in its approach but is gaining wide acceptance for online transactions. It is safe, as it is scrpyt based (password required) and it is widely accepted as it allows its clients to make fast payments all around the globe. Another positive feature is that Dogecoin offers anonymity in transactions amongst users, as they can make them without the necessity of sharing personal information.
As a consequence of this, the combination of security and control over your own money is the secret of this coin to become efficacious as a virtual coin. Let’s know more about the history of this cryptocurrency with such a curious logo:
How to acquire Dogecoins?
Well, this is an essential part of the article as if you cannot have Dogecoins it is not necessary for you continue reading. There are two major options to get them. First, you can trade them for goods or services, which is the most common way. The other option is just to purchase them using your credit card on specific safe websites. Now that know how to do it, let’s see how this cryptocurrency works on casinos.
Dogecoin and Gambling (Online Casinos and Betting)
Even though Dogecoin is a new cryptocurrency, the rapid and continue growth that it is experiencing has awaken the interest of a considerable number of casinos. For this reason, it is not necessary for players to trade their Dogecoins into another type of payment method.
The process to use any cryptocurrency in an online casino always start with the purchase of a virtual wallet to send and receive the results of all the transactions performed with this virtual money. The same applies for famous cryptocurrency just like Bitcoin and Ethereum.
Once you have acquired your new wallet, that can be download on a range number of dispositive, you will have to synchronize of security before starting using it. When it is finished, you can make use of your Dogecoins wallet to on all those casinos that accept this cryptocurrency.
Some time ago, numeorus online casinos accepted Dogecoin as a payment and withdrawal method. Unfortunately, the majority of these pioneering gambling platforms have disappeared. It is something typical in the industry, however, so it is not necessary to be worried about it.
The bad news are that the remain casinos are not well known in general and those sites only try to do business with Dogecoin. Another negative point of this is that, as they are not very popular, they cannot work well on attractiveness for new players and give a poor general service. Thus, the selection of games is far from spectacular.
All in all, Dogecoin is still increasing, so maybe it is just a matter of time (and work) for more important casinos to get interest and finally adopt it as a viable payment/withdrawal method, something that surely be amazing for the company and also the players.
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