You’ve probably heard about Stake, and you ought to know that it is one of the leading online casino and sports betting companies. What makes it stand among the crowd is the possibility given to players to wager with cryptocurrencies. At Stake, you can use digital currencies to play different casino games, including slots, and to wager on their sports betting side.
In this article, we will discuss the benefits of wagering with crypto, which cryptocurrencies are available on Stake, and how you can buy crypto to engage in this unique form of gambling.
What are Bitcoin & Cryptocurrency?
Digital currencies have been around for a decade, at least the biggest names in the industry. Cryptocurrencies are virtual currencies used online for various transactions and as a payment method on multiple platforms, including Stake. Among all digital currencies, Bitcoin stands out as a currency that holds the most value and is the most used medium of exchange in the financial world surrounding us on the web. Making financial transactions with crypto makes it so good because it requires no presence from a third party and guarantees safe and secure fee-free trading opportunities.
For many of us who venture online seeking a chance to make a few bets here and there, the fact that Bitcoin and other crypto offer anonymity through blockchain technology is a big plus in switching them from standard payment methods. The only trick is that if you want to buy crypto, you must have a digital wallet to store it. Once in the wallet, digital currencies can be used imaginatively, just like the standard crypto world. So, with crypto, you can buy services and goods, and as of recently, you can make wagers on different betting platforms, with Stake leading the way in this domain.
Blockchain technology is what ties all of these crypto together as well as users who are using them. Once bought, crypto needs to be stored in a wallet, and from there, it’s possible to use it in most ways imaginable as far as transactions go. Buying services and goods is already being done, and now, you can wager crypto online and make owning it even more interesting due to a chance of a double win.
Every crypto has a value assigned to it, which changes frequently and with large spikes and drops in value, all due to the volatility of digital currencies and their market. Due to this, even casual bettors have more than one crypto in their wallet, and in addition to following casino games and sports betting events, they also keep an eye on the crypto market. At Stake, buying and wager with over 20 cryptocurrencies is possible.
How to Buy Crypto on Stake
Sports betting and online casino outlets took the crypto game seriously. They’ve partnered with trustworthy crypto marketplaces such as Moonpay and Swapped.com, where you can buy your chosen crypto and make payments on their sports betting and casino platforms. With only one button click, you can exchange your standard fiat currency for crypto and start your Stake adventure.
Back in the day, it was complicated to wager with crypto because there was no ease of access and stigma surrounding it. Now, you can instantly buy crypto through safe and secure methods on a trustworthy platform with a mere click. What makes crypto a much better wagering and transactional option than standard payment methods is its speed, to which players get quickly accustomed and want nothing else.
What makes Stake such a good choice for players is not only that they have multiple crypto choices to pick from but also that you can buy it via most payment methods and with a few different currencies. At the moment, the most common ways are via Visa and Mastercard, but many users also turn to Apple Pay, which is available on the website.
To ensure the safety and security of all players and all transactions, it is possible to follow them on the website in real-time. Most information is available on the website’s FAQ page for all players who are not convinced that this is the way or are finding difficulties understanding the process.
To ensure that all players have the same and fair treatment, there are also guides on using crypto at Stake available and their personal Stake Vault, where you can secure your bankroll. Even if some matters are left unattended after the FAQ and the crypto guide, you can always seek customer support, which is more than glad to help.
Now that you know this much, it is time to learn just how many crypts are available at Stake, and that’s the part of the equation that should seal the deal.
What Crypto is Offered at Stake.com?
You’ve heard of Stake if you’re even remotely into online casinos and sports betting. The company has built its good name by becoming one of the leaders in the world of cryptocurrency casinos and sportsbooks. As we already mentioned, it supports a wide range of different cryptocurrencies, and the list in question is below:
– Bitcoin (BTC)
– Ethereum (ETH)
– Litecoin (LTC)
– Dogecoin (DOGE)
– Bitcoin Cash (BCH)
– Tron (TRX)
– EOS (EOS)
– Tether (USDT)
– Binance Coin (BNB)
– Cronos (CRO)
– USD Coin (USDC)
– ApeCoin (APE)
– Dai (DAI)
– Chainlink (LINK)
– The Sandbox (SAND)
– Shiba Inu (SHIB)
– Uniswap (UNI)
– Polygon (MATIC)
– Solana (SOL)
– Binance (BUSD)
– XRP
It is a long list of available cryptocurrencies. As more crypto becomes prominent, this list expands. As of now, these are the top names in the industry, starting with Bitcoin, Ethereum, and Solana, all the way to the meme coins of Dogecoin and Shiba Inu, as well as XRP and Polygon. You have them all, leaving you with only one job, and that is wagering.
How to Choose Which Crypto Coin is Right for You?
This is a brilliant question. After all, the list is quite long, with over 20 different cryptos available at Stake. All of them differ in value and stability, so making the right choice depends on more than a few factors. We, for one, can’t suggest what to do. There must be a guidebook on choosing the right cryptocurrency for every user.
Anyone should compare the crypto financial markets and the available betting markets. The first thing to do is to look for a stablecoin. Look for all the latest volatility in the crypto market when searching for your ideal crypto. You want to avoid buying a crypto on a downfall.
Luckily for all of us bettors and crypto enthusiasts, crypto market indexes are readily available, and you can always look at how a particular crypto is performing when you’re buying it. Without further ado, the safest bet is always Bitcoin if you’re a sports betting and crypto rookie. Due to its widespread presence in the financial market, it is safe to buy and even easier to understand.
Last, but not least, it is one of the more stable coins out there with a tendency for growth despite already being at an all-time high. Yet, no one should forget that its value could drop at any moment, so when you’re buying and wagering crypto, you’re making a double bet, which can pay off big, or it could sink you despite hitting on your wager.
While BTC is the safest bet in many ways, it is not the only option, and everyone should consider all available cryptocurrencies at Stake before making a choice. After all, not all of us are the same, and some bettors love to cover the underdog.
If you bet on Solana, buy it and make wagers on it. When you hit a parlay, and if, in the meantime, Solana spikes in value, you could have your initial bet and winnings doubled or even tripled. This approach might be someone’s cup of tea, and we’re all for it.
If you’re still undecided, you need to know the leaders in crypto betting at Stake. At the moment, most players turn to what they know, and that’s a wise approach. Thus, we have Bitcoin, Ethereum, Litecoin, and Bitcoin Cash as the most used cryptocurrencies at Stake.
These are all logical choices due to their to-some-level controlled volatility and high value, making them a safe bet. You will notice a trend in which cryptocurrencies that are popular in the financial market retain their popularity within the sports betting markets.
What makes either of these cryptos a good choice is that once you buy them and convert your fiat currency into crypto, it doesn’t change your online casinos and sportsbook experience in any way. If anything, it will make transactions faster, lower your fees, and make depositing and withdrawing much easier and faster than ever. So, waste no more time, buy your preferred crypto, and start wagering at Stake.
How to Deposit & Withdraw Cryptocurrency
We said it a few times, and we’ll repeat it at least once more – it is easy to use crypto as a method of deposit & withdraw cryptocurrencies at any sportsbook, and that’s why it has grown in popularity so much. To do it the right way at Stake, here’s what you ought to do:
* Step 1 – Open your Wallet, go to the Deposit location, and retrieve your deposit address.
* Step 2 – Assess your needs and choose the method accordingly.
* Step 3 – Here is where you need to use the address of your deposit as the ‘send to’ location for your exchange or crypto wallet.
* Step 4 – If you do not have your crypto available and need to buy it first, you can buy it through Stake’s trusted partners in Swapped.com and Moonpay.
You are more than ready to wager your newly attained digital currency by completing these steps. In the article above, you have the list of over 20 available digital currencies, and all that is left is to make the choice you want.
While it might appear complicated at first, betting with crypto has become a go-to approach for many bettors due to safety, security, speed of transactions, anonymity, and the possibility of double wins. Once you find your way around the Stake platform, we’re sure this will become your preferred way of wagering.
Responsible Gambling
Regarding crypto, we suggest responsible gambling and investing. As you know, crypto is a volatile asset, and one needs to be careful when dealing with it. Using crypto as a payment method for wagering is a double-edged sword. On the one hand, you can win your wager at a time when ETH or BTC spikes and you will win more than you initially calculated.
On the other hand, you can wager a certain amount of BTC Cash, and its value might drop, so when you hit your wager, you receive less than what you wagered. So, set limits to your wagering and investing budgets, use a bankroll, and even calculate your odds on the budget calculator at Stake. When gambling, control is everything.
Conclusion
The world we live in advances in every sense imaginable. Today, immersive online casinos and cryptocurrencies go hand in hand, a feat that did not exist only a decade ago. Nowadays, they’re not just trendy but also a good investment. So, follow trends, make wise investments, and partner with reputable companies such as Stake crypto casino for even more financial success.
If you brace online casinos and cryptocurrencies, you’re taking advantage of a lot- -financially, above all else. This article brought you close to what Stake is doing with crypto and how you can approach and benefit from it. Use this opportunity the right way.
