Where the powerful online casino world stops, nobody knows. And that’s a good thing. Even though online casinos have been around since the mid-1990s, however, things didn’t really get into gear until the mid-2010s when the American online casino world was born. Besides the amazing slate of formidable online casino games, a key reason for this is the growth and ease of the payment gateways.
Of course, Bitcoin makes headlines, but Dogecoin continues to catch up in that department. This article breaks down the incredible relationship between Dogecoin and the continued surge of online casinos.
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What Is Dogecoin?
Believe it or not, Dogecoin started as a meme, unlike other popular cryptocurrencies. With online members being common, this is honestly the geneses of the phenomenal Dogecoin. And with fantastic celebrity endorsements like from Hollywood A-listers and even Elon Musk himself, Dogecoin continues to be one of the most popular and fast-moving cryptocurrencies not only among online casinos but for everyday transactions.
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Advantages of Using Dogecoin in Online Casinos
Low fees: Without question, the immediate advantage that Dogecoin brings is the lower transaction fees. Because real money online casinos, including sweepstakes sites like Crown Coins Casino, have a variety of payment gateways, there might be more steep transaction fees for making a deposit or purchasing gold coins.
Lighting fast transactions: Believe it or not, processing Dogecoin works faster than Bitcoin. Not only do your transactions go faster, but even though Bitcoin is exceptionally fast in its own right, the withdrawal process is all that much faster, too, using Dogecoin. For an accurate money site that supports instant payouts, it’s possible to even get your funds in minutes. For sweepstakes casinos, it’s possible that most redemption processes become complete in less than an hour.
Greater anonymity: Also, most importantly, using Dogecoin provides even greater anonymity. Even using the standard blockchain smart contracts to secure transactions, Dogecoin adds its own proprietary decentralized nodes into the process.
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Dogecoin’s Role in Online Gambling
Hands down, using Dogecoin at online casinos is on the rise because of the tremendous access. Unlike Bitcoin, which takes a lot of time and resources to mine, Dogecoin is significantly easier to amass. And because Dogecoin works on a decentralized blockchain, there’s no concern or worry about using banking or other financial institutions that might forbid online gambling charges.
Compared to other leading cryptocurrencies like Litecoin and Ethereum, Dogecoin, by far, is the easiest, most accessible, and the most affordable. By having to pay less, more online casino members wind up depositing more using Dogecoin, which is a win-win for everyone involved.
Because Dogecoin is decentralized, members of more countries and regions that were previously locked out of the online casino experience can take part in the growing action. To further increase Dogecoin’s popularity, some online casinos also offer exclusive promotions to encourage members to use it.
Dogecoin works like other cryptocurrencies, where members can view the game results independently. Crypto casinos and blockchain games use a provably fair system to gauge fair and transparent results.
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Challenges and Considerations
Even though Dogecoin brings many impressive things to the table, there is still room for improvement. More awareness and promotions are in order to get it to catch up to the class of Ethereum and Bitcoin. Perhaps using more memes, the same way that Dogecoin became popular, will do the trick. As always, the rule of thumb is to play at licensed online casinos for fairness and anti-fraud measures.
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In Summary
As online casinos, especially the sweepstakes ones, continue to take off, so does the profile for Dogecoin. With prominent celebrities like Elon Musk strongly behind it, it is only a matter of time before Dogecoin joins the frontline as Bitcoin or perhaps tops it because of the lower transaction fees.
