While Dogecoin betting is not as common as betting with Bitcoin is, it is still familiar enough for us having to mention it, which is undoubtedly an achievement for this meme coin. The sites that accept Dogecoin as its betting currency are far from a meme, and players can gamble for some big bucks and leave the online casino with some serious cash, making Dogecoin nothing to joke about.
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What is Dogecoin?
Launched in 2013, Dogecoin started as a sarcastic meme and it has the Shiba Inu dog breed as its logo. Jackson Palmer developed Dogecoin to satirize the hype about cryptocurrencies. Well, he got really good traction and decided to buy the domain. Palmer partnered with Billy Markus who helped him actualize a real crypto software.
How does Dogecoin work?
Dogecoin is a peer-to-peer digital currency and it’s also open source. The currency operates on a blockchain. Ideally, this means that even if you own a Dogecoin token, you don’t have a physical representation of it. However, anytime you trade the token, the transaction gets recorded on the blockchain to indicate the new owner.
All transactions on the blockchain are secured by cryptography technology. You can acquire Dogecoin through buying or mining. Mining involves solving complex mathematical problems using computers. Once you solve the equations, you get rewarded with Dogecoin tokens. This is what is known as the proof of work (PoW) concept.
Miners use the Dogeminer hardware which is a node on a computer that helps calculate and validate all transactions on the blockchain. The transactions are then categorized as blocks and shared on the public ledger (blockchain).
You can mine Dogecoin as an individual, group, or contract a cloud mining agency. Mining as a group is perfect because it helps you share the costs involved such as energy.
Some of the most common group mining groups for Dogecoin include Aikapool, Prohashing, and Antpool.
You can use Dogecoins to make payments and trade. It’s not advisable to use the crypto as a store of value because it’s inflationary in nature. The high volatility of Dogecoin happens because there is no cap on the number of Dogecoins that can be mined.
How to gamble with Dogecoin?
Gambling with Dogecoin is relatively simple, especially if you already have some Dogecoin in your possession on your crypto wallet. If you do, all you have to do is register on a site that accepts Dogecoin for crypto bets and deposit to your account with Dogecoin.
If you do not have Dogecoin, you will have to obtain it from a crypto exchange site. There are various crypto exchange sites on the internet where you will be able to exchange either a fiat currency like USD into Dogecoin or you can change some other crypto into Dogecoin as well.
Upon obtaining some Dogecoin, you will need a crypto wallet to transfer the acquired Dogecoin to, and you should keep in mind that not all crypto wallets can hold Dogecoin. After you have a wallet with Dogecoin, you can use that Dogecoin to make a deposit on the betting or crypto casino site. You can do all of this in the casino itself in certain casinos.
When it comes to making a withdrawal from the site you are gambling on, you will need a crypto wallet to receive your money there. We recommend using a crypto wallet with advanced security, such as a secret word, and not a wallet requiring a username and a password.
What sites are suitable for Dogecoin betting?
As crypto betting sites are becoming more popular, the competition is becoming quite fierce. Still, usually, the ones that are around for a longer time have perfected their craft when it comes to both Dogecoin betting and playing casino games with the legendary meme coin. We will mention a few of our favorites that you might want to check out.
No matter what kind of gambling you want to do with Dogecoin, Thunderpick.com has your back, as they offer pretty much everything a person would like to do in terms of sports betting, esports betting, and casino games. Not only that, but it also has a nice bonus system, as it will give you some free money on your first deposit, along with a couple of other systems such as daily giveaways, weekly races, monthly gift cards, and more.
When it comes to esports betting, you can do it with all popular games such as CS:GO, League of Legends, Dota 2, Valorant, Call of Duty, Rainbow Six, Starcraft 2, Rocket League, and many more. All games have various things you can bet on. For example, in LoL, you can bet from things such as the winning team in a match to the type of dragon that is going to spawn.
Bet with Dogecoin at Thunderpick
Dogecoin betting on regular sports is also available, but the options are not as big as esports. However, for Thunderpick, quality over quantity is definitely a thing, as it covers the most popular sports out there like soccer, basketball, hockey, tennis, cricket, darts, handball, rugby, snooker, and Australian football.
Of course, the section with the most options when it comes to gambling with Dogecoin has to be the casino, as it has an incredible variety of games, from the most popular choices like slots,
poker, blackjack, and roulette to some more obscure choices like Monopoly and Mega Ball. There are many games that can be played with live dealers, too.
Another site that accepts Dogecoin as a deposit is Sportsbet.io. Like our first choice, this one offers various things to wager your Dogecoin on, from sports and esports betting to casino games. In this case, the casino games options are not as big as Thunderpick, but the betting section is still big and has some different options such as betting on chess and boxing.
While N1bet.com does not offer too many options when it comes to esports betting, it certainly covers a huge variety of regular sports where you can use your Dogecoin. Other than that, there are also some casino games that are worth checking out.