
Dogecoin betting is increasingly popular and this guide is here to show you how you can use this meme coin to fund your sports bets.
Not only is Dogecoin faster and cheaper than some other cryptos, but your DOGE deposits can also let you get top sportsbook deals like the exclusive Stake.com TGHSTAKE offer. Our guide will show you why more and more people are using this meme coin for sports betting.
Dogecoin is a cryptocurrency that’s been the subject of a lot of attention recently. Much of this is down to the current Twitter CEO, Elon Musk, who has given the meme coin his seal of approval. But Dogecoin is actually a pretty good crypto that can be used to fund your sports bets.
You can simply sign up to an online sportsbook, make a Dogecoin deposit and use the funds as stakes for sports betting. What’s best is that because Dogecoin isn’t tied to regular currencies, it can be used on a broader range of sportsbooks.
Plus Dogecoin enjoys lightning-fast processing times. This means that your deposits will go in fast, and you’ll get paid whatever you’ve won from your sports bets very quickly too. Let’s take a closer look at what Dogecoin is and why it’s worth a look for anyone keen to use cryptos for sports betting.
Dogecoin has been around since 2013, and in just a decade it has gone from being a much-mocked meme coin to being the tenth largest cryptocurrency by market cap size.
Much of this is down to advocates like Elon Musk, as well as a powerful community of crypto fans. But there is much more to Dogecoin than just its viral appeal.
This is because Dogecoin was introduced as an upgrade on Bitcoin. As a result, it shares all of the same security blockchain characteristics of the original cryptocurrency, but benefits from faster processing, cheaper transactions and simple mining mechanisms.
Much of this is down to the fact that Dogecoin is based on the Scrypt algorithm that basically means that it is easy to mine and verify each transaction on the blockchain. As such, a Dogecoin payment can be processed up to ten times faster than Bitcoin, and this has the knock-on effect of giving you cheaper transaction fees.
While Dogecoin has suffered from an equal amount of volatility as other cryptocurrencies, it has grown to become a valid way of purchasing goods and services online.
Its unlimited supply makes Dogecoin unlikely to be a store of value in the same way that Bitcoin is, but there is little doubt that this meme coin offers a good option for funding online sports betting.
Dogecoin is so much more than just a meme coin. Here are the big reasons why so many people use this crypto for sports betting:
While Dogecoin offers lots of advantages, there are a few negative things to consider when using this meme coin:
It’s so easy to use Dogecoin to fund your sports bets. Here is a step by step guide for what you need to do:
You can usually do this just by providing the sportsbook with an email address, and then you can submit your username and password. Bear in mind that there might be additional verification processes later on.
There might be an option to enter in a promo code to activate a welcome offer following a qualifying deposit. For example, there’s a Stake.com exclusive TGHSTAKE promo deal that could give new customers a 200% deposit match bonus up to $1,000 as well as a 10% rakeback on their losses.
Here you should find a dropdown menu that will let you pick Dogecoin as your preferred deposit method. Copy the sportsbook’s deposit address.
Now you can go back to your crypto wallet, paste in the sportsbook’s address and enter how much you wish to deposit. After checking the details, submit your payment and the funds should show up in your account in a matter of seconds.
The good news is that once you have made a Dogecoin deposit to an online sportsbook, you’ll find it twice as easy to put in a payout request. This is because you’ll have already completed all of the required verification, and your crypto wallet will automatically be selected for making your Dogecoin withdrawals. Here are some things to keep in mind:
We have shown you that Dogecoin is an excellent option for anyone wishing to make fast and secure payments to fund their online sports betting. Sites like Stake.com have revealed themselves to be trustworthy options for anyone wishing to make Dogecoin payments, and sports fans can use this meme coin to access competitive odds and excellent bonuses.
The choice of DOGE betting sites is growing all of the time and this means that you’ll be faced with ever more choice in terms of how you can use the meme coin to fund your bets. Naturally, we’ll be updating this resource with all of the best Dogecoin sportsbooks, so watch this space to see where you should be making your Dogecoin deposits.
Read our guide to see the best Dogecoin betting sites. After all, while many online sportsbooks now let you enjoy Dogecoin gambling, there can be a big difference in how good the odds are and what kinds of bonuses you can get.
We’ve found some excellent Dogecoin betting bonuses. So take a look at our guide to see what you get with these deals and we’ll also give you some step-by-step guides that show you how you can claim these special offers.
Each online sportsbook will have its own minimum and maximum deposit threshold. So make sure that you read our guide to see what the standard minimum deposit amount is at a Dogecoin betting site.
You will find that Dogecoin betting sites offer you some of the speediest withdrawals around. This means that you should read our guide to see just how much time it’ll take a sportsbook to process your Dogecoin payout requests.
We’d never recommend that you try Dogecoin betting unless we knew that it was 100% safe. So make sure that you read our guide to see how safe you will be when using this meme coin for your online sports bets.
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