Best Dogecoin Betting Sites 2021
What Is Dogecoin?
Dogecoin is a cryptocurrency-based e-wallet that allows you to quickly and effectively fund your online account on the best sports betting sites in addition to many other functions. The payment system has been operating since 2013. Given it has its own native currency (DOGE), the Dogecoin service allows you to open an account (e-wallet) where you can store it. Dogecoin is legal in most parts of the world, however, there are banking bans imposed in a lot of countries, even in those in which this cryptocurrency is officially legal.
Account Creation Process
The list of steps to create a new Dogecoin e-wallet is very short. First, of course, you need to download the wallet for your mobile device from AppStore (iOS) or Google Play (Android). After that, launch the wallet. Now, at the very top, you have your “Address Book” and “Settings”. Under it, there are your Dogecoin address on the left, your Dogecoin address within the QR code on the right, and your Dogecoin balance. On the bottom, you have your transaction history. Below that, you can “Request Coins”, “Send Coins”, or scan a QR code with your camera.
Putting Assets to Your Account
Users can top up their Dogecoin account the way described below:
• Login to your wallet
• Click the “Deposit” button
• Click “Show (DOGE) address”
• Open your own Dogecoin wallet and find the “Send” or “Withdrawal” button.
• Copy and paste your deposit address to your Dogecoin wallet or scan the QR code
• Confirm the transaction within your Dogecoin wallet
The process for withdrawal of DOGE:
• Navigate to your wallet and click the “Withdraw” button
• Select the Dogecoin wallet in the “Withdraw from” field
• Select the withdrawal address
• Enter the amount of DOGE you wish to withdraw
• Click the “Review withdraw” button
• You will be presented with the confirmation screen. Click “withdraw” to complete the withdrawal process.
Here, it needs to be said that there are four types of Dogecoin wallets to choose from: Software wallets (Dogecoin Core: your computer is a node; MultiDoge: your computer is not a full node), Online wallets, Paper wallets, and Hardware wallets.
This Is How to Play at Bookmakers
The procedure of depositing on the Dogecoin sportsbooks is considered rather easy. You will first have to select the amount that you wish to deposit and then you will be sent a DOGE transfer request from the bookmaker itself. You then send the DOGE to one of the chosen bookies and it will appear in your account. As a withdrawal option at bookies, Dogecoin is used by logging in to your bookmaker account, opening the “Cashier”, selecting “Withdraw”, and choosing DOGE. The best advantage of Dogecoin betting is the elimination of transaction tracking for gambling purposes as DOGE transactions are anonymous and hard to get linked to your name. This is enhanced by the fact that many Dogecoin bookies do not require a KYC process.
Yes, it is. You can use it as any other currency if you are allowed to gamble online in your country.
It is available in all reputable exchanges. You can exchange it with almost all traditional currencies, as well as a variety of other cryptocurrencies.
Yes, they are. However, the data in the network is transparent and visible to anybody so if your wallet address gets linked with your ID, all your transactions can be traced.