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Who let the DOGE out? It's been a wild ride for the Dogecoin since its introduction in December 2013. Developers Billy Markus, also known as Shibetoshi Nakamoto, and Jackson Palmer wouldn't have believed that their coin would establish itself as a decentralized currency and a major news story less than eight years later.

Dogecoin's trademark is the Japanese Shiba dog Inu, who graces the company's website. He made a name for himself as a meme at the time, symbol of the "joke" cryptocurrency. Well, a lot of investors have been laughing their way to the bank, led at least publicly by self-proclaimed Dogefather Elon Musk.

DOGE started as what was then considered a relatively high price of just under a thousandth of a US dollars. A whole lot of mining ensued, spurred on by the fact that, unlike Bitcoin and some other cryptocurrency, there is no limit to DOGE. In theory, at least, an infinite amount of Dogecoin can be mined.

Another big plus-point is the high speed with which new DOGE blocks are created. While a Litecoin block, for example, can be generated in about 2.5 minutes, it takes Dogecoin a mere minute. This helped the digital and decentralized currency to quickly establish itself against better-known coins.

As of this writing, the DOGE is listed as number four in the crypto rankings. It has been garnering more than its share of headlines in 2021 due to its phenomenal rise as well as its rollercoaster dips. While it remains unclear whether, or when, it will reach "the moon" of over a dollar in value - more than a million times its value at launch - that chase has captured the attention and fancy of popular media in a way no other coin has done since the arrival of Bitcoin itself.

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Dogecoin is fast rising also in its acceptance as a digital currency by crypto casinos. It used to be that Bitcoin and cryptocurrency were virtually synonymous. But those days are long gone. Crypto is no longer a monopoly and the juggernaut of DOGE exemplifies how a new digital currency can come out of nowhere to surpass the competition. Online casinos are sitting and barking. Dogecoin is gaining increasing acceptance in the online gaming industry.

Currently, we know a few crypto casinos which accept DOGE, all reputable providers with versatile gaming options and great promotions. No doubt there will be more to follow in the near future as DOGE heads moonward.

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The first step is registering with a cryptocasino. That's the only way a transaction with Dogecoin – and any other currency - can be made. Then you'll need to specify a crypto wallet, deposit money in and exchange it for the desired amount of DOGE. The purchase should be completed within minutes. Depositing your Dogecoin to the casino won't take long either.

Dogecoin Deposits

How to deposit DOGE at an online casino:

1. Log in and follow the menu to Deposit.
2. Select DOGE as the payment method.
3. Open your own cryptowallet account – for example, MultiDoge.
4. Enter your personal DOGE address and desired amount.
5. Confirm payment.
6. Go back to the casino: the updated balance should already be displayed.

For crypto casinos which convert coins into fiat currency – typically US dollars or Euros, rather than CAD, the booking can sometimes take up to 10 minutes. Generally, however, you are spared long wait times. This process usually applies to all cryptocurrencies accepted by the provider.

Tip: If you don't want to enter the transaction address manually, you can scan the displayed QR code with your smartphone or tablet. In this case, the sending address is automatically taken over and the entire process is significantly accelerated. Alternatively, it's a good practice to copy and paste the address, avoiding typos which can accompany manual entry of an address.

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Initially, Dogecoin was little more than a joke, a parody of Bitcoin. Nobody thought back then that the cryptocurrency would develop in the way that it did and be on the fast track so soon after its launch. But it immediately generated a buzz, which has never really ceased since. DOGE is one colourful coin! Here are some fun facts about it.

• Shibu Inu: Thanks to DOGE, the Shibu Inu is now one of the world's most famous breeds of dog.
• The spectacular price increase at the beginning of 2021 is primarily due to the comments of prominent investors. Well-known faces such as Elon Musk, for example, drove the price up by a whopping 900 percent within hours of mentioning the coin in a tweet. This was followed by a sharp drop in the share price of around 40 percent.
• A similar roller-coaster ride occurred in the run-up to Musk's appearance on the TV show, Saturday Night Live, followed by a sharp dip when the broadcast was aired. Lurking in the background is the goal of reaching one US dollar, pumped in social media as the equivalent of the coin "reaching the moon." It remains unclear whether the DOGE will jump over it or merely howl at it.

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1. What are the advantages of Dogecoin as a payment method in the casino?
2. What are the disadvantages of Dogecoin casinos?

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1.) What are the advantages of Dogecoin as a payment method in the casino?

A dedicated digital wallet, called MultiDoge, has been developed to support DOGE transactions. You can download it conveniently via dogecoin.com and install it on your mobile devices or computer. Unlike other crypto wallets you can only use MultiDoge to hold and exchange Dogecoins, no other crypto currencies.

Users with tight budgets have the option of mining Dogecoin. The speed of your mining depends primarily on the processing power but, even with a speedy device, don't expect to get rich from mining. However, in the long run, there is a chance to build up one's DOGE balance without a direct purchase. Dogecoin has security features similar to Bitcoin, so you shouldn't need to worry much about transacting your crypto at the casino.

The main advantages of DOGE are, at a glance:

• Low transaction costs
• Unlimited availability
• Fast generation of new blocks
• Real-time deposits
• DOGE exchange available

Dogecoin speed is also an advantage, at least in the short term. Experts believe that the size of the DOGE blockchain could become a problem in the long run, as well as the possibility of growing transaction fees. However, all of these scenarios are likely to come into effect only if the price of DOGE shoots "over the moon" and begins to approach the growth dimensions achieved by BTC.

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2.) What are the disadvantages of Dogecoin casinos?

The first big challenge for owners of DOGE is to find a casino that will accept the coin. After all, the success of Dogecoin really took off only in 2021, so casinos are still taking that in. But casino providers keep close taps on popular trends in crypto, so it's probably a matter of time before DOGE joins Bitcoin, Ethereum and Litecoin in the top tier of digital coin. As it stands now, it's hit or miss whether you'll find Dogecoin at a given casino.

In general, cryptocurrencies are attracting attention as an unregulated and decentralized payment method not tied to banks, but that can have the downside of uncertainty and insecurity, especially when even the Dogemaster jokes on live TV that his pet crypto may be a "hustle."

The disadvantages of DOGE, at a glance:

• Unavoidable transaction fees
• Limited acceptance by casinos
• Most created coins are off the market

The bottom line is that we will need to wait and see how DOGE fares in the coming months. The fact is that the cryptocurrency may be a wonderful alternative to real-money currencies due to their transparency and high security standards, but some uncertainties remain, especially the concern that a good portion of Dogecoin is off the market.

In February 2021, it was claimed that a single Dogecoin shareholder holds a whopping 28 percent of all available DOGE Coins. This concentration has raised concern due to the dependency of the market on any sudden moves of this "big DOGE." In reality that infamous whale wallet (#3334959) contains the holdings of hundreds of thousands people.

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If you want to take your DOGE out for a walk to your favourite casino, you'll need to get yourself a wallet. The use of a wallet, like a leash for your pet, is essential.

Quite uniquely, the company behind this coin has made one for you. It is easy to do and will let you exchange securely in real time. So getting familiar with MultiDoge can't hurt. But if you've already created an account with Coinbase, Binance or other alternatives, obtaining Dogecoin there is also possible there without any problems.

Despite all the attention that has been showered on Doge coin, it remains at this time well under a single USD. So it can make sense to stock up on DOGE at the relative low price now. The low price makes the digital coin affordable, and there's always a chance to benefit from long-term price increases – even after you deposit Dogecoins into a crypto casino.

Dogecoin Casino FAQ

What started as a parody has become an extraordinary success story. As a result of its rocket ride, the once lowly Dogecoin has been gaining more and more importance in the gaming industry. With familiar billionaires like Elon Musk giving free publicity for this frisky pup, there's no telling how high it could go.

Meanwhile, here are some common questions that people ask about DOGE:

1. Is there a fee for Doge Coin deposit?
2. Is there a DOGE bonus at the casino?
3. Is it worthwhile buying Dogecoin for casino games?
4. Is paying with DOGE secure?
5. Can I cash out with Dogecoin?
6. What DOGE alternatives are there in the online casino?

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1.) Is there a fee for Doge Coin deposit?

Transaction fees vary by casinos. In any case, when there are fees they tend not to be very onerous. At Stake.com, for example, 1.5 DOGE is deducted as a fee from the remaining balance during the withdrawal process. Do remember however that crypto wallets, whether it be MultiDoge, Binance or Coinbase, charge mining fees every time you transact outside of their platform.

2.) Is there a DOGE bonus at the casino?

When there is a crypto bonus, players can claim the offer whether they deposit with DOGE, BTC or ETH. You aren't rewarded for depositing specifically in this coin or that.

Cryptocasinos do not differentiate in their bonuses between different cryptocurrencies, unlike in traditional online casinos, where using Skrill and Neteller can exclude you from being eligible for bonuses.

So don't expect Dogecoin bonuses per se, but do know that crypto casinos often offer lucrative bonuses to encourage activity and loyalty of their players.

3.) Is it worthwhile buying Dogecoin for casino games?

If you want to deposit DOGE and hope that its price will rocket higher after you've deposited, then go for it. Just keep in mind that the opposite scenario can also play out. After watching the Dogecoin rollercoaster, it's impossible to call it a stable cryptocurrency. Still, its newsworthiness and phenomenal growth means that more and more casinos will be accepting DOGE in the foreseeable future. Dogecoin appears to be around for the long run.

4.) Is paying with DOGE secure?

Doge coin meets security standards similar to those of Bitcoin, Ethereum and other cryptocurrencies. Players don't have to worry about the safety of their coins when playing in reputable casinos like the ones mentioned above.

Transactions are secured by setting up an individual address that is only valid once. It's virtually impossible to intercept the transaction itself. Just make sure to use the QR code or copy-paste when entering addresses to avoid costly typos.

5.) Can I cash out with Dogecoin?

Of course. Casino customers are offered this option if the deposit has been made with DOGE. As a measure against money laundering, casinos generally require that the same method must be used for both deposit and cashout.

As usual, there are payment limits although these tend to be much higher than if you were banking in fiat. These apply to withdrawals just as they do to deposits, and are set by the casino provider.

6.) What DOGE alternatives are there in the online casino?

The number of casinos that bank with Dogecoin is still relatively limited. So it's always a good idea to be familiar with other alternatives offered in reputable cryptocasinos. The following are worth considering:

The days of Bitcoin-only casinos are fast disappearing, as decentralized currencies become more successful and popular. DOGE, Ripple, Tron and EOS are relative newcomers but they are challenging the early leaders.

Still, you're likely to find that deposits with BTC, Ethereum or Litecoin are already accepted in many online casinos, and not just those specializing in crypto.

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As far as acceptance in casinos is concerned, Dogecoin is growing. Though there are far fewer casinos accepting DOGE than BTC, that gap can be expected to close in the coming months and years.

Dogecoin developers advise beginners in the field to acquire DOGE via the in-house MultiDoge wallet. It's worth taking that advice. Although these coins can be mined, this may be a bit complicated for beginners. We'd recommend it only for the experienced.

There's no telling how things will develop in the future. Dogecoin has registered some remarkable achievements in 2021. It has given investors and players mostly thrills but also some chills on its wild rollercoaster ride.

Casino players with Dogecoin can't avoid transaction fees, but costs remain manageable and are presented transparently in reputable casinos. If in doubt, check the casino's T&C or chat with the support team.

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