How Is It Used for DOGE Sport Betting?
A Dogecoin owner becomes part of the blockchain, and all its future transactions will be recorded on the ledger. The coin can then be stored on a DOGE-compatible wallet on your mobile, PC, or online platform. When you decide to withdraw your dogecoin games earnings from crypto bookmaker, you will be required to type in your wallet address. Also, when depositing to Dogecoin gambling sites or sports betting platforms, you will have to find and copy the dogechain wallet address of the online doge gambling website.
Compared to Bitcoin or Litecoin, Dogecoin is still new to online doge sports betting. Even if dogecoin betting is used in several sites, it is not a strong presence in the payment options list. You can find doge betting options at mostly crypto-only betting sites, although there are several established fiat sites as well.
As DOGE is a cryptocurrency, it has no restrictions based on the country of residence of the player. The downside is that crypto-only betting sites are most likely to accept Dogecoin directly, which means you will not be able to withdraw in fiat your earnings. And while there are some bookmakers that accept payments in doge bet, the deposits and withdrawals on the site are first converted into Bitcoin then used to bet on the site. DOGE is an appropriate coin for small transactions, as it is faster than other big coins, such as Bitcoin or Ethereum, and it also has smaller network fees and processing times.
How and Where to Get It? Where to Buy?
There are nearly 100 different crypto exchanges that support the buying, selling, and trading of Dogecoin. However, it should be mentioned that a wide majority of these exchanges have low liquidity and zero trading volume. To be sure that your Dogecoin buy order is executed as fast as possible, you can choose a trading platform with a higher liquidity rate and transaction volume.
Of course, it is also important to opt for exchanges which are known to be secure and have all the proper licensing to operate. This is especially important for exchanges that support fiat purchases for Dogecoin. The wide majority of platforms support buying DOGE with other cryptos, as there are very few fiat options. Thus, the most common pairings are DOGE to BTC, DOGE to ETH, DOGE to USD, and DOGE to LTC. Some of the most popular exchanges where you can buy DOGE are: Binance, Bittrex, HitBTC. TradeSatoshi and Yobit have the largest pair selection, and HitBTC has the highest liquidity.
Depending on the exchange you use and your payment option of choice, the signup and verification process might vary. Before signing up, you will have to download and install a DOGE wallet. Then, sign up and provide the required information to your doge exchange. After your account has been verified, choose one of the supported payment methods. Crypto transfers are settled faster than credit or wire options. Type in the amount of DOGE you want to purchase and complete your order. After your coins have been credited to your account, move the funds to your external wallet.