Dogecoin is a popular cryptocurrency, launched in 2013, that initially started as a meme coin. The crypto asset is based on the meme doge, Shiba Inu, and it was considered crypto of no value. However, recently it surpassed its joke status to become one of the most popular, mentioned by Elon Musk’s tweets and it one of the highest-trafficked cryptocurrencies in the world. Dogecoin is now available as a crypto payment and in many 18 and over best sites of Dogecoin sports betting.
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Dogecoin is currently worth 25 to 35 cents and it has reached an all-time high of 71 cents. There are multiple benefits of using Dogecoin cryptocurrency betting offered by the best sites since it is the hottest Doge around.
Dogecoin betting has paid off massively for several cryptocurrency investors, however, for DOGE sports betting, the market is still in its initial phases.
Dogecoin is inexpensive and easy-to-buy crypto with a great potential value that offers the basic perks of digital gambling. Additionally, Dogecoin sites are most popular for the bonuses it offers to new and existing gamblers.
How Does Betting with Dogecoin Work?
Like any other cryptocurrency, Dogecoin is also powered by blockchain technology which is a vast LEDGER or database that saves transaction data. Dogecoin transactions made using DOGE coins are recorded on the Dogecoin blockchain.
Betting with Dogecoin uses the Scrypt algorithm for the management of the validation process and Dogecoin mining that allows miners to develop new blocks in Dogecoin betting.
gamblers who bet using Dogecoin DOGE scrypt can enjoy faster transaction processes and it allows miners to depend on lower energy-intensive hardware.
How to place a bet using Dogecoin (DOGE)?
Step 1 – Buy Dogecoin
Gamblers can purchase Dogecoin from multiple regulated and licensed crypto exchanges. Once the users have figured out where to purchase DOGE, Dogecoin gamblers need to learn the know-how of purchasing the cryptocurrency. All the gamblers need to do is sign up at a renowned exchange, provide all the necessary personal information for verification, link their bank account, and then buy DOGE. That’s all!
Worth mentioning, those who are first-time gamblers may face 5 to 10 days of waiting after they buy Dogecoin before they can send their crypto coins off the exchange to a crypto wallet address such as any 18+ best dogecoin gambling sites. Note that gamblers can also sell Dogecoin directly from the exchanges. They can also spend Dogecoin to make donations.
Step 2 – Pick a Sportsbook Accepting Dogecoin
The second step involves choosing a sportsbook that accepts Dogecoin. It is highly recommended to carry out extensive research as it is important to choose Dogecoin sportsbooks that provide optimal solutions.
Once the sportsbook is chosen, click on the book’s deposit tab and select DOGE as a payment method. This will be followed by a complicated combination of characters, the Dogecoin wallet address. Send a desired amount from the wallet to the given address. This process is simple as crypto wallets have an extremely user-friendly interface.
Users must, however, double-check their wallet address to avoid mishaps as these transactions are usually non-reversible. Note that every bookie provides bonuses and promotion offers to existing and new members.
Step 3 – Make a DOGE Deposit
Those who follow crypto Dogecoin news, trends and predictions, would love to make some actual Dogecoin deposits. Making the first deposit in Dogecoin is straightforward and only requires a few minutes to complete. To start making deposits in Dogecoin, follow the steps mentioned below –
- Users must ensure that they are at least 18 years or above. Many top Dogecoin gambling sites require gamblers to submit their proof of birth certificate for verification.
- There are hundreds of reputable DOGE gambling sites in this industry today and choosing the best one can be quite challenging. After carrying out extensive research on the best sports sites, users need to complete the registration process by clicking on Sign Up or Register.
- Users need to fill out a form that appears at the gambling site and verify their personal information. No crafty gamblers are allowed at these Dogecoin sites since they use high-standard KYC protocols that ensure the players are verified and above 18 years of age. Financial and personal data is TLS/SSL encrypted and they are never shared or sold to any 3rd party agents.
- In this step, users need to select the DOGE deposit option from their operator’s cryptocurrency deposit menu and then, copy the site’s Dogecoin sending address.
- At the respective Dogecoin exchange or in the user’s personal Dogecoin wallet, select the Send tab and paste the above DOGE address in the given field.
- After pasting the wallet address and double-checking if the address is correct, enter the quantity of DOGE to be deposited at the 18 over sportsbook site and then submit the filled form.
Step 4 – Place Your Wagers
Dogecoin players can also opt for Dogecoin mining. Compared to mining other cryptos such as Bitcoin, Litecoin, and Ethereum, DOGE mining is economically feasible for all kinds of players. However, the players need to make a direct investment in a standard PC setup, though the learning curve is quite steep, and so, it can be profitable l if they have the patience and time to learn. There are various blogs and YouTube videos available online for players to learn how to mine DOGE.
Worth mentioning, Doge mining is not suggested by many. For professional sports players and even casual sports players who wish to place live bets or place a wager, Doge mining is not worth the commitment and time. They will be better off with researching sports trends they wager on and simply buy DOGE cryptocurrency at the regular exchanges. If players want free Dogecoin, all they have to do is win their free bets.
Step 5 – Withdraw Your Profits
The best 18+ sites with Dogecoin betting which are usually worth 10000 underdogs or less if they didn’t payout. Luckily, all bets placed on the reputed betting sites are always paying out in full and on time. To claim profits or to claim a payout from a reputable online gambling Dogecoin casino, the following process needs to be followed –
- Visit the cashier page of the Dogecoin site and choose the crypto withdrawal option available in the banking menu.
- Select Dogecoin from the drop list of supported crypto coins.
- Open the Dogecoin exchange wallet or any other private wallet and click on the Receive tab. Copy the exclusive Dogecoin receiving address from the wallet site.
- Keep the sportsbook site opened on another tab and paste the above Dogecoin address in the required field. Once the address is pasted, enter the DOGE quantity to be withdrawn and Submit the request.
A reputable Dogecoin gambling casino takes about 60 to 120 minutes to process the crypto claims, though the automation process has broken the speed limit to almost instant processing in multiple cases.
Upon the withdrawal approval by the sportsbook, the DOGE blockchain network takes about 30 to 60 minutes for verification and to complete the transfer of funds. This means that DOGE transactions or withdrawals are a same-day payout activity that allows players to get their hands on their money immediately.
Note that payout options made with non-cryptocurrencies may take almost 3 to 7 days with additional and significant trading fees in many cases. Hence, withdrawing Dogecoin does not have any additional cost other than the DOGE blockchain network fees.
Why Do People Love Dogecoin Sports Betting?
In the 2000s, cryptocurrencies began as a fun way of playing casino games like blackjack and slots but currently, it is more than just a currency in the world of finances. Dogecoin cryptos prove to be more than just crypto for casino games and fun in the market.
The best online sports betting Dogecoin site has time and again proved that there is still more room for better casino games and to enable this, Dogecoin betting deposits and withdrawals are supported by many high-end legal online dogecoin bookies. Additionally, users can also enjoy the bonuses, competitions, and tournaments held by the betting sites. Among the plethora of advantages of cryptocurrency sports betting in Dogecoin casino, here are a few mentioned below –
Fast Deposits & Withdrawals
Dogecoin cryptocurrency offers one of the fastest transactions as it completes one entire transaction within 1 minute on average while maintaining a decentralized nature. This poses a great comparative advantage to DOGE sports betting over most cryptocurrencies and online casinos.
No Failed Deposits
Another great characteristic of Doge betting is that there is no possibility of declining Doge crypto transfers. The deposits are guaranteed and they appear in the DOGE sportsbook within a minute of the transaction. So, players can place the deposit without the fear of having a failed deposit or contacting customer support during the betting activity.
Anonymous Betting
Most of the professional players detest their transactions relating to their crypto gambling for being heavily regulated and tracked. Betting deal with this problem by eliminating the KYC (Know-Your-Customer) process that enhances the betting all the more. This made Dogecoin transactions anonymous and it is difficult to get linked to the bettor’s name.
Low transaction fees
The standard transaction fee is one DOGE coin and the Dogecoin value was quite low that made most transactions totally free of any fees. Recently, there has been a price surge that has removed this free-fee characteristic but it is still low compared to any other currency. Low transaction fees coupled with various bonuses, make Dogecoin gambling one of the best!
No Third Party
Proceeding to the deposit or withdrawing process of a Dogecoin casino site, the DOGE transaction is strictly between the bettor and the operator and they are processed safely and securely by the decentralized Dogecoin blockchain, one of the most popular cryptocurrencies.
Key Features of Dogecoin Sportsbooks
It has attractive features and numerous benefits. Here are a few key features that players would want to enjoy with DOGE –
- DOGE sportsbooks accept Dogecoin and other major cryptocurrencies
- Bet Doge and win a generous bonus and payouts in return
- One of the fastest transaction processes available
- Wide variety of Dogecoin games
Dogecoin Sportsbook vs. Traditional Sportsbook
| Dogecoin Sportsbook | Traditional Sportsbook |
|---|---|
| Accepts both fiat and cryptocurrencies | Accepts only fiat currencies |
| Accepts multiple payment methods like Dogecoin, Bitcoin, Ethereum, and other major cryptocurrencies along with e-wallet transfer payments | Accepts payments only traditional banking methods such as debit card, credit card, bank transfer |
| Usually takes a single day to process all withdrawals and transactions | Usually takes 5 to 7 days to process transactions |
| Great and responsive customer support | Usually lacks an effective customer support |
What to keep in mind
DOGE sports betting has a unique feature in the cryptocurrency world. Because of its unique features, top doge sports betting sites have witnessed a rise in the number of sports bettors and it is essential to learn more about the origin of sports betting with Dogecoin and its latest developments before starting the sports betting journey with Dogecoin.
Note that the cryptocurrency industry is continuously evolving and each day brings something new along with generous bonus offers. Hence, it is important to keep updated about the Dogecoin cryptocurrency, Dogecoin games, Dogecoin gambling, and Dogecoin casino.
Dogecoin’s Technology, Current situation, and Future
Dogecoin was produced in early 2013 as an internet meme and the scene is still striving to become one of the most popular cryptocurrencies and memes of all times, Doge, a funny image of a cute dog, Shiba Inu. The word DOGE is a distorted version of the word DOG and the memes mainly involve Dogecoin’s comedically modified monologues in distinct situations. After a few months, Billy Markus and Jackson Palmer created the famous Dogecoin as a meme cryptocurrency, and the mockery led to the wild cryptocurrency speculation that ultimately resulted in a spike in the cryptocurrency.
Regardless of being a meme coin, Dogecoin’s technology is still sound as the cryptocurrency creators based the currency on Litecoin. It is almost unbelievable that a joke crypto coin would become one of the top 10 cryptocurrencies in market capitalization. It has outpaced many cryptocurrencies and has successfully advanced technologically to provide a wide range of use-cases.
Elon Musk is partly responsible for the success of Dogecoin. He endorsed the cryptocurrency publicly, boosting up the most controversial and debatable developments of the cryptocurrency world. People struggled to buy Dogecoin that boosted the Dogecoin price from 0.05$ to 0.72$ at its peak level. Though Dogecoin is not fully developed, it still has a massive enthusiastic crypto crowd that supports the currency for its memes, speculation, and fun.
How to Buy and Deposit DOGE in a Sportsbook?
Now comes the most interesting part, depositing DOGE funds in a sportsbook. Let us start from the basics! Bettors first need to open a crypto account in any reliable exchange. They can buy Dogecoin with their debit card, credit card, through bank transfers for converting your traditional currency to Dogecoin, or hardware Dogecoin wallets for Dogecoin storage. After buying the DOGE, they can also transfer them to a personal DOGE wallet. There are a variety of personal wallets including online wallets, mobile, and desktop versions as well as offline ones too.
Now, after buying DOGE, users need to click on the sportsbook’s deposit tab and choose DOGE as a payment method. The site will display a complex set of characters, called the Doge wallet address where the users need to copy and paste in the wallet address blank. Enter the desired quantity of DOGE from the wallet to the above address. And that is how users can buy DOGE and deposit them in a sportsbook.
How To Withdraw From a Sports Betting With Dogecoin Site?
Bettors may want to withdraw Doge after they have had a precious win. Deciding on where to withdraw DOGE, sports bettors need to select a DOGE-supported crypto exchange and then choose DOGE as their payment method in the sportsbook. Note that crypto funds should be sent to a personal wallet address and not to any crypto exchange. This will avoid future unpleasant mishaps.
To complete the withdrawal process, bettors need to transfer their Dogecoin winnings from their wallet to a crypto exchange for cashing out your funds or to purchase other cryptocurrencies. Here are the steps for completing the process –
- Go to the cashier page and choose DOGE from its menu.
- On a different tab, open the Dogecoin exchange platform or its wallet and select the Receive tab. This step will display a unique wallet address that needs to be copied and pasted at the betting site’s address field.
- Submit the withdrawal request and the process is complete!
Is sports betting with Dogecoin trusted, secure and legal?
Transactions with DOGE are completely safe and secure. The cryptocurrency employs a proof-of-work algorithm that validates every transaction in its blockchain network. This means that every process with this cryptocurrency is anonymous, fair, and most importantly, decentralized. The Dogecoin technology is built on the Scrypt algorithm of Litecoin and the data available on this blockchain is entirely transparent.
Dogecoin future price, however, is highly volatile and not even experts can predict its future value. Dogecoin online sports betting offers the possibility of getting a 3rd of its value from the time the currency is checked in the crypto wallets. Naturally, the opposite possibility can happen too, hence it is suggested to consider double gambling if the player is a risk lover. If you are wondering how much Dogecoin is 1 dollar, the answer is 1 Dogecoin = USD 0.002.
Coming to DOGE betting and legislation, cryptocurrency in general, is not restricted which means investors can exchange crypto anywhere. If a person is legally allowed to gamble with fiat money, he can do the same with Dogecoin. The only difference is present in the possible winning taxation as the transactions processed with crypto are not regulated. Gamblers can consider their winnings from the Dogecoin gambling casinos as invisible to the financial authorities unless the wallet address is linked with their names.
Is DOGE gambling taxable?
To answer the most common question, “Is DOGE gambling taxable?”, in the United States, gamblers are entitled to pay 25% tax on their gambling winnings. In case the gamblers do not hand over their social security code to the best crypto casino or sportsbook, the tax rate increases to 30% of their winnings to cover their tax bills.
For any offshore crypto casino or sportsbook, gamblers are advised to comply with their tax systems and keep money aside accordingly for tax payment. The United States, like many other countries that tax gambling winnings, also allows the gamblers to claim their losses as a form of tax deductions that usually go up to the amount they have won.
Conclusion
Dogecoin was initially built to make cryptocurrency fun that can be bundled with the fun of Dogecoin cryptocurrency betting. Such betting sites accept various other crypto coins to attract more gamblers to the sites. Betting with Dogecoin is extremely straightforward and gamblers can get an enhanced Dogecoin deposit bonus and other bonuses at the best doge sports betting sites. Another big advantage of betting Dogecoin is that it offers same-day payouts, making transaction processes as fast as possible.
FAQ
What Sports Can I Bet On With Dogecoin?
Gamblers can bet Dogecoin at different crypto-friendly casinos, blackjack games, slots games, poker games, dice games, and other skill games that include classic games like rock-paper-scissors and minesweeper. The games also come with impressive bonus offers and cashouts.
Can you gamble Dogecoin?
Gamblers who want to play games with Dogecoin often land upon the best betting sites. These Dogecoin casinos allow them to pass their time playing games, betting, or gambling on sports and ensure top-notch gambling conditions.
Is it safe to gamble with Dogecoin?
Dogecoin crypto gambling is safe and secure as DOGE transactions are strictly between the operator and the bettor. Moreover, the transactions are processed safely by the decentralized DOGE blockchain which is one of the most popular and safest cryptocurrencies. It is advised to use those DOGE sites that have great customer support.
How does Dogecoin differ from Bitcoin?
One of the major differences between Dogecoin and Bitcoin is that DOGE offers unlimited coin supply whereas Bitcoin has a limited coin supply. Secondly, DOGE has no cap, therefore, the coin can inflate infinitely unlike Bitcoin.
