Legal Dogecoin Gambling In 2024

Dogecoin (ticker symbol DOGE) is a so-called “memecoin” cryptocurrency that is effectively a “copy” of the Bitcoin blockchain.

DOGE is a proof-of-work (PoW) crypto asset, and since its launch in December 2013, it’s become one of the most popular altcoins on the market.

As for how Dogecoin works, there are numerous technical details for those interested in such minutiae. But for online gamblers, it’s enough to say that DOGE works like any other cryptocurrency bet funding option.

The best Dogecoin wallet – or the biggest Dogecoin wallet in terms of popular usage – is Atomic wallet.

There are also other free Dogecoin wallets to choose from that work well on mobile and help streamline your mobile online gambling activities.

These include Gaurda Wallet, Exodus Wallet, and a few others.

You can also opt to keep your DOGE in your online exchange account, which makes transferring gambling deposits even quicker and easier, but this is a less secure option that we don’t recommend.

For maximum security that maintains usability, Dogecoin hardware wallets by Ledger (Nano S, Nano X) and Trezor (Trezor One, Model T) are good options, but they cost $60-$180 and take longer to use.

We don’t recommend using Dogecoin paper wallets, as these are cumbersome, inconvenient, and susceptible to being easily misplaced or forgotten.

If you follow cryptocurrency, Dogecoin news always seems to be a hot topic.

Its initial memecoin or “joke coin” status made it popular enough with crypto enthusiasts, but thanks to support from Elon Musk (along with his occasional #Dogecoin tweets), it’s taken off huge over the last year.

The price of Dogecoin right now (Q3 2021) is at about $0.28, after hitting its all-time high of $0.71 earlier in the year.

If you see the DOGE value trending between 20 cents and 40 cents, it’s probably a good time to buy in for online gambling purposes and Dogecoin investing purposes alike.

These aren’t mutually exclusive concepts, after all!   

Nowhere, really.

While cryptocurrency markets work much like stock markets, you don’t buy stock in the asset, you buy the actual asset itself.

Now then, if you’re asking where to buy Dogecoin, Coinbase Pro is probably the most common option for US players.

Of course, you can purchase DOGE at any reputable online crypto exchange, including Binance US, Bittrex, Coinmama, Gemini, Kraken, and countless others.

When it comes to where to purchase Dogecoin for online gambling or where to invest in Dogecoin for more long-term gains, you can get ahold of the stuff at any trusted US crypto exchange (Coinbase Pro, Binance US, Bittrex, Kraken, etc.).

However, we don’t recommend keeping your DOGE on these exchanges once you buy in.

Instead, it’s better to buy Dogecoin cryptocurrency and then send it off your exchange platform to a private crypto wallet ASAP.

This is more secure and allows you to maintain full custody of your Dogecoin keys.

Yes. We already said that.

Who’s not being a good listener, hmm?

You! You aren’t!

Bad doge!

As of late 2021, there are approximately 130 billion DOGE in existence.

Unlike many cryptocurrencies, Dogecoin has no theoretical cap, and about five billion Dogecoins are mined each year.

Those following the Dogecoin news might think the asset has peaked and has nowhere to go but the big dog park in the sky.

Well, we’re here to tell you naysayers that such an outcome is unlikely.

Per the various Dogecoin predictions we’ve come across online, the price of DOGE should eclipse $5-10 within the next 5-10 years.

Now’s the time to buy in.

Sic ‘em!

We suspect that Dolancoin or Goobycoin will give Dogecoin a run for its money.

Gooby pls.

Probably a block or two. After that, the poor thing is likely to get overheated. Don’t forget your collapsible, eco-friendly water bowl and that $6 bottle of Fiji. 

All kidding aside, will Dogecoin reach $10? What about $100?

Can Dogecoin reach $1000?

In all honesty, nobody really knows.

DOGE is up 20,000% year-over-year (2020-2021), and while the sky’s the limit (or maybe even the moon, given the SpaceX Dogecoin initiative of 2022), some analysts think the crypto coin will be worthless by 2030.

But is Dogecoin going to crash for real?

That’s unlikely, and most crypto insiders peg its long-term prospects at around $5-$10 by 2030.

While there isn’t an official Elon Musk cryptocurrency, Dogecoin might as well be. The asset owes almost all its recent growth to Musk, as the price surges every time the guy tweets.

And that’s a great thing.

However, as a gambler and investor, you want to make sure you buy DOGE before the Elon Musk latest Dogecoin tweet is released upon the world.

Remember, buy low, sell high.

That’s a different tack than Musk takes, as he tends to do everything high, but it’s the one we advise.

While those Elon Musk Dogecoin tweets have become memes unto themselves (it’s only a matter of time before he turns them into NFTs on the Ethereum blockchain), there’s no evidence Musk owns any Dogecoin at all.

There is evidence, however, that someone owns roughly 28% of all DOGE in circulation, and that someone could certainly be the eccentric billionaire.

We shall likely never know.

That’s anyone’s guess. Maybe a bunch, or maybe none at all.

The real question is how much Dogecoin do you own?

Such question! Much imply! So wealth! Why waiting?

Before the 2020 Super Bowl, there was a lot of speculation that there was going to be a Dogecoin Super Bowl ad.

Some genius even put together a TV spot replete with Elon Musk voiceover and uplifting messages of various typical types.

Alas, the ad never came to pass, but the hype surrounding it did help Dogecoin pass its previous all-time high.

As with your online betting wins, every little bit counts!