DOGE and fiat currency information

Fiat currency is any national currency like the dollar, the euro, the yen, the rouble etc. These are government-backed and government-issued currencies. 

Fiat currencies are centralized with decisions (like rising interest rates and quantitative easing) made by central banks.

Dogecoin’s value has had a storied history since its launch in 2013. The coin’s launch price was a mere fraction of a penny, but by early 2014 it had experienced a meteoric rise in value to reach an all-time fiat money high of $0.018.

However, this high was short-lived, and the coin’s value quickly plummeted following a hack in which millions of coins were stolen. The coin’s value bottomed out at around $0.00013 in mid-2015, but the community remained dedicated, and the coin slowly began to rise in value once again.

In recent years, the coin has seen a resurgence of interest, with its value surging in early 2021 to an all-time high of $0.69, driven in part by celebrity endorsements and increased attention from mainstream media. While the coin’s value has ebbed and flowed over the years, one thing remains clear: its community of dedicated supporters continues to believe in the potential of this whimsical and iconic cryptocurrency.

Like all coins used at cryptocurrency casinos, DOGE can be bought at exchanges like Binance, and is kept in its own Dogecoin wallet.

Advantages of DOGE Casinos

Good choice of Dogecoin casinos – BitStarz, Cloudbet & many more

Crypto casinos more widely accept Dogecoin than other tokens like EOS and Solana. 

This means you have a wider choice of casinos to play at and, therefore, a more extensive selection of games, access to promotions, and VIP programs. 

Gambling Crypt has over 10 great casinos for online gambling that accept DOGE that you can join right now. More will be added as they hit the market and after they have passed our strict test. Claim your welcome bonus on your first deposit and claim Free Spins and other deposit bonus during your casino adventure!

Play Blackjack, Poker, Roulette, Baccarat, Bet on Esports

Use your DOGE to play a huge selection of casino games – table games, live dealer/live casino, slot games, jackpot slots, video poker, other Dogecoin poker games, craps, and much more at DOGE casinos. Dogecoin blackjack, Asian-style live casino games like Sic Bo, dragon Tiger, and

Benefit from quick registration, good customer support via email or live chat, and 100% fair games. Dogecoin gambling sites welcome high rollers and casual players alike. Play for fun or wager real money, and enjoy the power of the blockchain to give you transparency on every deposit and payout on your winnings.

Faster than BTC crypto transfers

Dogecoin shares many similarities with Bitcoin. Indeed, the coding is quite similar. This provides clear benefits for casino site transfers, like secure transactions. But Dogecoin is typically far quicker than Bitcoin. 

On average, it takes around one minute to process a Dogecoin transaction, compared to about 10 minutes for Bitcoin. 

Speed is always a benefit for casino players, so in this respect, DOGE, like Bitcoin Cash, is better than Bitcoin. 

Dogecoin also has lower transaction fees than other cryptos like Bitcoin and Ethereum – around $0.65 per transaction. And fees are not based on transaction size, meaning you can send large sums without worrying about high costs.

Dogecoin is very popular for gaming

Despite being mocked for being a ‘joke’ currency, it has become a respected force in the crypto world. 

It’s consistently defied observers who said it would fail, and it’s without a doubt one of the most popular coins in the world.

Dogecoin is a highly accessible and user-friendly cryptocurrency that is perfect for those who are new to the world of digital currencies. Its low fees, fast transaction times, and dedicated community make it a fun and practical choice for anyone looking to try crypto gambling.

In addition to its fun and lighthearted image, Dogecoin also has a supportive community that has played a big part in its rise to popularity. Dogecoin fans have raised money for various causes and charities, including funding the Jamaican bobsled team for the 2014 Winter Olympics and building wells in developing countries.

Dogecoin suffers from the same fluctuation as other cryptos, but it’s clear the currency is safe, trusted, and is not going anywhere soon. This makes it a suitable token to use on Dogecoin games at online crypto casinos. And presumably, casinos feel the same as they accept it!

Disadvantages of Dogecoin Casinos

It suffers a reputational problem

Dogecoin casinos still suffers from the coin’s reputation as a meme currency. Though it was developed to poke fun at Bitcoin and Litecoin, it has proven a resilient and popular crypto token.

However, the fun nature of the coin may stifle real innovation, and it remains to be seen where it is going long-term. 

While other blockchains like Solana and Ethereum are involved in NFTs and smart contracts, Dogecoin may suffer from a lack of integration and adoption in this digital world. 

There have been no technological updates or changes from DOGE since 2015, and it has a much smaller development team than its rivals. Ultimately, it does not offer any unique selling proposition in terms of technology.

Casinos may offer Dogecoin payment options now, but this could change in the future. However, you are unlikely to find Dogecoin casinos that accept only DOGE. A DOGE casino will usually accept Bitcoin, Ethereum, and a stable coin like Tether.

It’s not one of the best transactional cryptocurrencies 

Unlike Tether, for example, Dogecoin isn’t the best transactional currency to use for crypto gambling. This is because of an individual token’s small value. Most casinos will have minimum deposit values, and with Dogecoin worth around 10 cents each, it’s not the easiest currency to work with.

And unlike Ethereum or Bitcoin, no one uses Dogecoin for transactions between cryptos. Its sole use is as a digital currency. 

While it may be a beloved meme within the cryptocurrency community, it is not necessarily the best choice for transactions. Another issue  is that it has a high rate of volatility, which means that its value can fluctuate rapidly, making it unstable as a means of payment.

This is partially due to the fact that DOGE was never designed to be a serious cryptocurrency and lacks the security and stability of more established coins like Bitcoin or Ethereum.

Processing times for transactions can be slow during periods of high demand or congestion on the network, which can be frustrating for users looking for fast and reliable payments.

It has no supply capitalization, unlike Bitcoin

Dogecoin is rare among major cryptocurrencies in that it doesn’t have a supply cap. Cryptos without a market cap are poor assets to hedge against inflation. 

This lack of supply capitalization has become a topic of concern. This means that there is no limit to the number of Dogecoins that can be produced, potentially leading to an infinite supply. While this may seem like a good thing since it would keep the price low and accessible, it is actually a major problem.

One of the core principles behind most cryptocurrencies is scarcity. This means that the supply of a particular currency is limited, which gives it inherent value. Without a limit to the number of coins that can be produced, Dogecoin could potentially become worthless due to oversupply. This would be catastrophic for anyone who has invested in the currency, as they would lose all their money. Moreover, it would be a huge blow to the legitimacy of cryptocurrencies in general if one of the most well-known coins were to fail.

Another issue with an unlimited supply is inflation. Dogecoin supply has already increased by over 4% in the last year alone, which means that its value is being diluted over time. This may not seem like a big issue in the short term, but in the long term, it could lead to a significant loss of value for investors.

Finally, an unlimited supply of DOGE goes against the principles of sound money. Sound money is a currency that is stable, scarce, and internationally recognized. Without a limit to the number of coins that can be produced, Dogecoin fails on two of these three principles, which makes it a less desirable currency to own.

But more concerning is that infinite mining will eventually require more expansive mining activities. Because Dogecoin uses the proof-of-work mechanism, the pool of miners and the number of computers supporting the ever-growing increase in transactions will have to keep growing.

What’s the Best Dogecoin Casino 2023?

We have a great selection at the top of this page. Stake Casino, BitStarz, Joo Casino, and Rocketpot are four excellent DOGE casino choices. All offer something a little different, with various offers, game selections, and regular promotions.

Dogecoin Casinos Frequently Asked Questions