Ranking of the Best eSports Bookmakers with Dogecoin
Welcome to the exciting world of eSports betting, where strategy and skill collide in thrilling competitions. Here in Canada, the rise of Dogecoin as a popular betting currency adds a new layer of excitement for fans and bettors alike. Based on my observations, leveraging Dogecoin can enhance your betting experience, offering fast transactions and unique opportunities. As we rank top eSports betting providers that accept Dogecoin, I encourage you to explore the potential of this vibrant market. Understanding the nuances of betting on eSports can elevate your game and lead to informed, rewarding decisions.
Top-Rated eSports Bookmakers with Dogecoin
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Everything You Need to Know About Dogecoin
Dogecoin (DOGE) is an open-source cryptocurrency derivative of Luckycoin based on Litecoin. Its proof of work mechanism uses script technology. The coin was launched on December 6, 2013, by two software engineers- A Portland, Oregon-based IBM programmer Billy Markus and his pal Jackson Palmer, an Adobe Inc. product manager from Sydney, Australia.
While it began as a joke, bearing the logo of the Shiba Inu dog, DOGE gradually attracted the masses, hitting a market cap of more than $85 billion by May 2021.
Jackson Palmer wanted to poke fun at cryptocurrency hype, and people called him a skeptical analyst. His tweets received lots of positive feedback when he introduced Dogecoin.com.
Meanwhile, Billy Markus was trying to develop a cryptocurrency, but his marketing efforts were fruitless. He reached out to Plamer and leveraged the Dogecoin buzz to sell software that is now the real Dogecoin.
Is Dogecoin a Popular Cryptocurrency?
Dogecoin is a global coin and can be used as a payment method for gambling on esports. Its expanding user base can be attributed to its lucrative investment opportunities. Unlike Bitcoin, Dogecoin has an intentionally high supply. Almost all crypto avenues, from free markets, to crypto wallets and exchanges, support trading with DOGE.
It appears to be a popular deposit method in countries that have not yet legalized online gambling. Besides anonymity, DOGE is highly encrypted with minimal chances of being hacked.
Dogecoin allows eSports bettors to fund their accounts easily and quickly. Each coin has a specific value, and esports bettors can use them to wager on their favorite esports games from CS: GO, DOTA2, LoL, etc.
How to Deposit with Dogecoin
Before placing a deposit, check for any new player bonus codes and other promotions. Then, when ready, follow these instructions:
- Open an account with an eSports bookmaker and log in
- Make sure the site accepts DOGE. In addition, Dogecoin should appear on the list of available payment options in the cashier section.
- Navigate to the deposits tab and click on 'Dogecoin' as your preferred deposit method
- You will see a new window where to initiate the transaction
- Provide your Dogecoin wallet address and login details
- Scan the QR code provided by the esports operator or enter their digital wallet address
- Enter the amount in DOGE you wish to deposit. Some sites will as ask you to specify the amount in USD and convert it into DOGE
- Confirm the transaction and click send
- Your betting balance will reflect in a few minutes
Using Dogecoin in Esports Websites
The Dogecoin is mined every minute and is stored in a crypto wallet. This wallet cannot be connected to a bank because almost all countries do not have formal regulatory policies for DOGE.
With Dogecoin as a deposit method for esports, you will make a free transfer to an esports bookmaker. If there's any fee, it is up to the gambling website, which is rare. You can transact with any amount with DOGE, but ensure it is within the operator's deposit limit.
How to Make a Withdrawal with Dogecoin
Although Dogecoin deposits are comparatively faster than withdrawals, the two processes are practically identical. But every eSports gambling site has a minimum and maximum withdrawal limit per day, week, or month. The procedure will look like this:
- Go to your esports bookmaker and log in to your account
- Head over to the payment section and click 'Withdrawals'
- Choose Dogecoin as your way of cashing out
- Copy your Dogecoin wallet address and enter it on the withdrawal page
- Enter the payout amount
- Hit the validate button and wait for your Dogecoins to arrive
Dogecoin Withdrawal Timeframe and Fees
If you are wondering how fast the cash out takes, the answer is it depends. Of course, it is quicker than standard banking methods, but only after the esports site approves your withdrawal. The site may take up to 48 hours to verify your credentials.
There is no delay in the blockchain system because the Dogecoin ledger processes numerous transactions per minute. Ideally, you should expect the winnings in your account in a day or two.
The good news is that the Dogecoin system doesn't charge processing fees for esports gambling withdrawals. A bookmaker will only charge a fee during an inter-crypto exchange, which will be negligible.
Pros and Cons with Dogecoin
A huge crypto community supports DOGE. You can bet with the coin freely if your country has legalized online gambling. If betting is restricted in your region, use VPN at a Dogecoin eSports website. Read on the upside and downside of using DOGE for wagering on esports.
Pros
- Easy, fast, and secure transactions
- Complete anonymity
- No mining limits
- Decentralized exchange compatibility
- Access to special crypto bonuses
- Players easily obtain more DOGE after winning bets
Cons
While investing in DOGE has many benefits, the coin appears to be in trouble due to a few negative factors.
- Though fun, it isn't genuinely innovative
- No supply caps
- It is related to pump-and-dump schemes
Dogecoin Account Opening Process
The first step to using DOGE for wagering online is to buy the coins. Cryptocurrency is not fiat money, so there's no way you can walk into a financial institution and buy some. The process of acquiring Dogecoins is conducted online.
Start by registering with a reliable crypto exchange platform like Binance. Wait for your profile to be verified through email. Then, you can browse the available cryptos in the open market and see whether DOGE is worth investing in.
It is possible to buy DOGE with internationally accepted debit and credit cards. Alternatively, you may exchange Bitcoin, Ethereum, or Rippel for Dogecoin. Once the coins are ready for transfer, the exchange will store them in your wallet, and you won't be charged a dime.
How to Set Up an Digital Dogecoin Account
You probably have to create a wallet with a password you will be using online when funding your eSports betting account. You don't need a bank account to do this, and there's no age limit. The steps for opening a digital wallet are as follows.
- Find a reputable and verified crypto exchange and sign up
- Choose a suitable Dogecoin wallet (MultiDoge/full or Dogecoin Core/light) and follow the guidelines for opening one
- Download the Dogecoin wallet app on your smartphone
- Open the application
- Select the cryptocurrencies you will be using and note down the deposit address
- Verify your address
Dogecoin Customer Support Options
Dogecoin wallet providers can be contacted directly on their web pages through the following means:
- Live chat
- Email
- Help/FAQ page
Detailed guides answer issues like the crypto's usage, pricing, and billing on the exchange site. Conversely, licensed Dogecoin esports betting sites to provide impeccable customer service. In addition, the support department may have a telephone line to ensure that urgent matters are resolved as soon as possible.
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