Virtual currencies, especially long-established ones like Bitcoin, Betting with Dogecoin Litecoin and Ethereum have become legal means of payment in many different industries such as betting. Deposit, Collect and Win Cryptocurrency at Bitcasino. MrGreen.com Where there are thousands of games to choose from.
But in addition to the popular coins mentioned above, you can also use newer coins like Dogecoin to bet. Let’s find out what this virtual currency is and its influence in the betting world right at Bitcasino! Please read the following information carefully to better understand the benefits of using Dogecoin in betting.
What is Betting with Dogecoin?
In simple terms, betting with Dogecoin is when you use Dogecoin (DOGE) in deposits at online casino games, and receive generous rewards in DOGE units. Of course, you can only do this at casinos that accept Dogecoin .
You may be wondering why you should choose Dogecoin as your financing method out of all the other options out there. Indeed, it is clear that Bitcoin, Ethereum and similar currencies are common in more casino locations.
If you have the same question, here’s a little overview and benefits why you should choose Dogecoin when playing:
History of Dogecoin
When Satoshi Nakamoto created the first virtual currency, Bitcoin, in 2009. The world was shaken to hear about this magical asset. Everyone rushed to invest in an unprecedented and very attractive non-government money in the eyes of investors at that time. This phenomenon also occurs with the later virtual currencies, Ethereum and Litecoin.
Upon witnessing this phenomenon, Jackson Palmer. An Adobe manager and an anti-cryptocurrency advocate. Decided to do something to ridicule. Those who invested in cryptocurrencies. He used a popular internet meme. Then Doge to name his virtual currency, and then posted. It on Twitter completely unaware of its heat later.
Many netizens support and approve of this silly concept. One of them is Billy Parkus, an IBM team member and a cryptocurrency programmer. He loved this crazy idea so much that he actively offered to work with Palmer to develop Dogecoin into. A real asset that anyone could invest in.
Using Markus’s knowledge of virtual currency, the two developed Dogecoin. Into real property by purchasing the server domain name “dogecoin.com”. After completing the necessary programming, Dogecoin went from a funny meme to something that everyone could invest in and make a profit on. Dogecoin was launched on December 15, 2013 at 2000 VND each, and created an ecosystem worth 140 billion VND less than a month later.
The advantages of Dogecoin
After you know the story behind the history of Dogecoin above. It’s time to understand more why this coin has won the love of millions of investors and become. The top 15 virtual currencies. The most influential right here:
Popular for its Sense of Humor
Since its launch in 2013, Dogecoin has grown to become the top 11 largest virtual currencies with a total market value of VND 457 trillion (as of February 11, 2022). This makes it one of the most attractive. Investments available today.
You may be wondering how a newly emerged virtual currency can become a giant in the market. The answer is simple: tremendous support from social networks. Thanks to its roots in Twitter, this coin has become something very popular with. The online community. MrGreen.com Examples showing this are the Dogecoin Twitter account with 3 million followers. And its own reddit community with 2.3 million discussions.
The good news is that the above numbers exploded even more when Elon Musk. The president of SpaceX and Tesla, said that Dogecoin is his favorite coin and his company will allow trading in this currency. The statement from the Tesla president has created tremendous value for the money. Thereby creating more reputation and value for it.
Strong Security System
Like most other virtual currencies, transactions using Dogecoin use the anonymous network and absolute security of blockchain technology. This means that administrative agencies such as banks and the state will have absolutely no control over the Dogecoin system, and it will be governed by a worldwide network.
Thanks to these networks as well as the surrounding security programming, Dogecoin creates a fast and absolutely safe trading system for all investors around the world. This makes it more passive and embarrassing for cybercriminals to attack your account as they have to go through tough layers of coding and tough security.
Fast Transaction Processing Speed
Another advantage of Dogecoin is that it has the fastest transaction processing speed on the market. Thanks to the fact that the coins run on the SCRYPT equation, you can create countless transactions at lightning speed in the Dogecoin system.
Where can I buy Dogecoin? – Betting with Dogecoin
After you understand the benefits of using Dogecoin above, you may be interested in buying them to try them out for investing or gambling. That’s why we have some suggestions for virtual currency trading sites for you:
Be prepared to meet more than 500 cryptocurrencies at Binance, as it is the largest cryptocurrency trading site in the world. In addition, it also has moderate transaction fees, very fast transaction speeds as well as a multitude of different markets, so it is a very suitable place for you to practice investing.
Here you will also be provided with a rich ecosystem quite full of popular virtual currencies available in the world, including Dogecoin. To make the transaction better, it also displays information on comparing transaction fees and offers, if any.
The site also has a library to help you learn the concepts of cryptocurrency trading on your own, and you get some free coins every time you complete the course. Therefore, you can completely study well and invest to get rich at Coinbase.
Gemini – Betting with Dogecoin
One of the places where cryptocurrencies on the network congregate, Gemini is one of the best places to start your Dogecoin investing journey. Their liquidity service allows for faster trades, making it perfectly suited for the experienced as well as those just starting out.
Is betting with Dogecoin legal?
Since administrative institutions such as banks and the state do not have control over virtual currencies like Dogecoin, many people will wonder if these coins are legal to use, let alone use. used in casinos.
Fortunately, the answer to that question is “yes”. As long as you buy from reputable virtual currency issuers and play at a legitimate casino, you can enjoy betting fun with Dogecoin without any worries.
Join Bitcasino Now
What are the betting examples with Dogecoin?
It’s time to try your luck with this magical asset and discover its endless potential! There are many games you can play if you want to use Dogecoin. To help you get started on your easy fun earlier, here are some of our suggestions for Dogecoin betting games that you can play right after owning some DOGE:
Doge Dice – Betting with Dogecoin
Dice or dice is one of the simple but equally interesting games anywhere. The object of the game is just to guess if the outcome of the dice will be greater or less than the number given by the game. Your reward depends entirely on the probability that you have to risk guessing.
- Roll The Dice Entertainment
- Minimum bet: 1 unit
- Max bet: 500 units
- Winning rate: 98%
Simple, easy to understand, but also very rewarding, Roll the Dice by Evoplay Entertainment is a fascinating game where all you have to do is guess whether the number that the machine turns out will be higher or lower than the number that the machine turns out. you give.
Doge Poker Betting with Dogecoin
The game of poker is a fierce game that only seasoned people can survive. Each passing round is the time when you have to use all your abilities to make the right optimal decisions and create a chance to win over other players.
- Texas Hold’em Poker High Roller
- Minimum bet: 0.25 units
- Max bet: 500 units
- Winning rate: 99.11%
Let’s build a winning combination in the thrilling Texas Hold’em Poker High Roller game! With a wide variety of bets to choose from, prepare yourself for dangerous challenges while you try to claim the jackpots. This will definitely be a one-of-a-kind card game experience for you!
RELATED ARTICLE: The Best Crypto Casino Games of 2022
Esports Betting – Betting with Dogecoin
For Esports fans, one of the best experiences is placing fun bets while nervously watching your favorite player’s game. Whether you are betting on which team will win or what final score your favorite team will reach. Esports betting is still an attractive opportunity. That fans of online tournaments are sure to enjoy. response.
At Bitcasino, we have an Esports betting partnership with Betsy Games to make. It possible for you to see and follow the thrills of the matches in. The most popular video games in the world today.