Dogecoin was born in 2013 after being developed by software engineers Jackson Palmer and Billy Markus with the goal of creating a digital coin that was meant to be more marketable and accessible to the general public, who at this point had been largely sceptical or otherwise dismissive of the technology.
As the name suggests, Dogecoin is based on "Doge," a deliberate misspelling of the word "dog" associated with a specific image of a Shiba Inu with a humorous expression. This is widely considered in the cryptocurrency community as the first "meme coin"—in other words, a cryptocurrency based on a widely-circulating internet joke—and the Doge symbol strongly contributed to its appeal to new miners and investors.
Despite its concept born out of an Internet joke, enough of the community took to the idea and, sure enough, Dogecoin would quickly rise among the ranks as a significant contender in the crypto-coin space, ranking among the top 5 digital currencies in the world. This rise would only be boosted by high-profile personalities like Elon Musk of Tesla and SpaceX fame, who brought massive attention to DOGE after a series of tweets in support of the meme coin. Elon Musk is so confident in Dogecoin’s value, that their SpaceX program now accepts it as payment for merchandise purchases.
Despite being one of the largest cryptocurrencies in the world in terms of trading volume, Dogecoin is not quite as widely accepted in the online casino industry as of yet. However, one can say the same about cryptocurrencies in general, and Dog coins and other digital currencies are also entering the market quite quickly.
We've listed some top Canadian online casinos that accept DOGE as a form of payment, which our reviewers here at InsideCasino have thoroughly vetted for great reliability and service.
Although the subject of cryptocurrency, in general, can be fairly intimidating if you aren’t very tech-savvy, using Dogecoin at online casinos is actually very simple. Once you break down (or otherwise ignore) all of the complicated terms and buzzwords that crypto is notorious for, we find that using Dogecoin is not much different from using Bitcoin casino payments or any other banking method. We’ll break down the steps to using this digital currency at Dogecoin casinos.
Before you can start using any Dogecoin, you will first need to get a wallet for your Dogecoin. A cryptocurrency wallet isn’t quite like an actual wallet that stores the actual currency; since all cryptocurrency tokens are stored on the blockchain, the wallet instead is more akin to a personal PIN number that lets the blockchain verify that you are the actual owner of certain tokens.
There are dozens of cryptocurrency wallets out there with differing feature sets based on your needs. For your convenience, we’ve listed a few of the best Dogecoin wallets that you can use to get started:
Next up, you will need to actually get Dogecoin to use at an online casino. There are two ways of going about this: mining and trading.
Mining Dogecoin uses the processing power of your computer or your phone to solve complex mathematical equations on the Dogecoin blockchain. By solving enough of these equations, the blockchain will reward you with a certain amount of Dogecoin, which will be stored in your wallet when you have that setup.
The other (and arguably easier) method is to trade your fiat currency for Dogecoin. This can be done on any of the many cryptocurrency exchanges operating online. Two of the largest and most popular examples include Coinbase and Binance. To make a trade, you will first need to create an account at the crypto exchange of your choice, look for a broker of Dogecoin that is accepting trades for Canadian dollars, then complete the trading process with them to get Dogecoin transferred to your cryptocurrency wallet.
Now that you have your Dogecoin all set up, all you need to do left is to go to your favourite Dogecoin casino and use it as your payment method when adding funds to your account, in the same way that you would with an Ethereum casino account. This, of course, is where your cryptocurrency wallet will come into play, as it will allow you to verify the transaction and ensure your Dogecoin actually enters your casino account.
The transaction should take no longer than 3 minutes to complete, after which you are now ready to wager with Dogecoin at your preferred casinos.
Now, of course, we have to address the elephant in the room: should you actually use Dogecoin as your primary payment method for real money online gambling? Like any payment method, Dogecoin does have its pros and cons, but this being a cryptocurrency, there are a few concerns that one should probably be worried about.
The best Dogecoin casinos right now feature a solid library of games in addition to thoughtful and high-quality service. Check out our online casino reviews here at InsideCasino to find our top picks.
Yes, you can gamble online with Dogecoin as long as the casino site you're playing at accepts the cryptocurrency as a valid payment method. This information should be readily available on the casino site's home page or their payments page.
Yes, dogecoin casinos are generally legal if you play on reputable casino sites. Although many players have valid concerns about the security of Dogecoin and other cryptocurrencies, the main determining factor here lies in the casino site’s ability to ensure that their transactions are safe and secure.
You can play Dogecoin with online casinos by using it as a payment method to deposit credits into your online casino account. This is done by depositing Dogecoin into a cryptocurrency wallet, then using that as the source of the funds that your online casino account will receive.
Some online casinos may even let players win cryptocurrency through special bonus offers; however, because of the relatively lower popularity of DOGE in the online casino space at the time of writing, players are more likely to find other cryptocurrencies offered as bonuses instead.
To withdraw your Dogecoin from your online casino account, you will need to use the casino site’s available payment processors to transfer the digital currency from the casino account to your Dogecoin cryptocurrency wallet.
Dogecoin is an extremely fast payment method owing to the fact that all of its processes are handled completely digitally, with almost zero intervention from humans when the transaction is being processed.