With this handy casino guide, you can learn about which crypto deposits you can make to gamble on our safe and secure platform using digital assets.
What are Bitcoin & Cryptocurrency?
Cryptocurrencies are virtual currencies that can be used for various transactions as a form of payment. Bitcoin is the best-known of the many currencies available, however there are a wide range of crypto assets used as a medium of exchange in today's society. Trading in cryptocurrency means that no third party needs to be involved in the transaction, offering secure and fee-free trading opportunities.
Bitcoin and other digital coins are tied to Blockchain technology and offer anonymity to those who use them. When you buy Bitcoin and other cryptocurrencies, you need to store them securely in a digital wallet, and you can then use them for a range of purposes much like traditional currencies - from buying goods and services online to placing bets at an online casino.
Each cryptocurrency has a unique value, which changes regularly and often without notice. As a result, most cryptocurrency users keep multiple currencies in their wallets and keep an eye on the markets. Helpfully, you can use up to 20 cryptocurrencies at Stake.com, putting you in total control of how you manage your available coins.
What Crypto is Offered at Stake.com?
Stake.com is the world’s leading cryptocurrency casino and sportsbook, supporting 20 cryptocurrencies from Bitcoin (BTC) to Polygon (MATIC). Discover the complete list of supported crypto at Stake.com and read on to dive deeper into each one.
Even those with no knowledge of cryptocurrencies and their respective values would know about Bitcoin. The world’s most recognisable crypto has had its fair share of ups and downs over the years, but it has stagnated and is much easier to track.
Most players on Stake use Bitcoin as their primary currency and it appears at the top of the drop down menu on the site. Bitcoin is usually associated with a predominantly orange and sometimes slightly yellow colour.
Substantial drops or increases aren’t as common but if you’re considering Bitcoin, it’s something you need to look into as the number can fluctuate depending on the market.
Easily the second most recognisable crypto on Stake is Ethereum. Ethereum (often shortened to Ether or just ETH) is universally considered a good investment by experts around the globe due to its potential to be worth much more in the future.
Ethereum is also considered a very safe and secure investment as well, meaning that if you’d like to use Ethereum, you can do so with confidence. Ether appears second from the top on Stake’s crypto drop down menu.
Ethereum is commonly associated with a dark blue colour and is projected to only grow in value in the future.
Onto our first Altcoin, Litecoin is a very interesting cryptocurrency.
It was first created around the same time Bitcoin was starting to make waves around the world. But its value is at the opposite end of the spectrum.
Litecoin transactions are very quick when compared to Bitcoin. A usual BTC block transfer takes approximately 10 minutes whereas LTC is only 2 and a half minutes. On Stake, LTC appears third from the top on the dropdown menu. It’s most commonly associated with the colour silver of a light grey.
That’s a huge difference and selling point, especially for people who make regular transfers. But as previously mentioned, its value is much smaller than its proverbial ‘big brother’.
From three of Stake’s most valuable cryptos to its least valuable. That’s not to say it’s no good. Dogecoin is a very hotly debated coin.
Appearing fourth on Stake’s dropdown menu, you will often notice anyone on the site with Dogecoin will have plenty of them. That’s because there are plenty to go around! The coin itself appears fourth from the top on the dropdown menu.
Usually associated with the colour yellow, Dogecoin can be fun to use and generally safe to purchase.
Bitcoin Cash (BCH)
Another spin off of Bitcoin, Bitcoin Cash is a slightly less valuable coin but one that has plenty of potential to grow.
Often appearing in a light green colour and appearing fourth from the bottom on Stake’s dropdown menu, Bitcoin Cash is fairly similar to Ethereum in value.
Fluctuations in price are slightly more regular than other coins but you can rest assured knowing its a safe investment.
Many industry experts predict that, like Ether, it will only grow in the future into a much more valuable coin. If you’re looking for a niche coin that could net you profit down the line, look no further.
Now onto the third most well-known cryptocurrency, Ripple. Often appearing in a light blue or white with a black backing, Ripple is third from bottom on Stake’s drop down menu.
Transactions with Ripple are much faster than most coins (similar to Litecoin) and they are generally a very solid investment. But like all cryptocurrencies, its value is a situation that would need monitoring.
Tron is a fairly unknown coin that can still offer great investment for buyers.
Often appearing in red and second from last on Stake’s dropdown menu, Tron is worth slightly more than Dogecoin. Many experts predict it will grow in the future and like Bitcoin Cash, it could pose a great niche investment opportunity.
The latest cryptocurrency to be added to Stake’s side, EOS is a very interesting coin. Worth more than the cryptos that appear towards to bottom of Stake’s dropdown menu, EOS certainly has its pros.
Tether is a popular stablecoin and is designed to be pegged to the US Dollar.
As a popular cryptocurrency after Bitcoin and Ethereum, Tether is a popular choice for transactions amongst cryptocurrency and is now offered as an option to deposit, bet, and withdraw on Stake.
Binance Coin (BNB)
BNB is the native currency issued by the Binance exchange. Originally designed as a utility coin to reduce transaction fees on the Binance exchange, Binance Coin (BNB) has had its applied uses increase since 2017 and now is available on Stake.
Built by Crono Labs in 2016, CRO is the native coin of the Cronos blockchain. CRO is an ERC-20 token on the Ethereum blockchain, and is a DeFi-compatible smart chain, enabling lower transaction fees.
USD Coin (USDC)
USD Coin is a stablecoin pegged to the US Dollar and is managed by Centre, a consortium found by Circle and includes Coinbase and Bitmain.
As a stablecoin, USDC offers an alternative to Tether (USDT) and other USD pegged stablecoins. Due to the nature of stablecoins, USDC is a strong option for gamblers wishing to use the benefits of cryptocurrencies with the stable nature of established currencies such as the US Dollar.
ApeCoin is the native coin of the Bored Ape Yacht Club (BAYT), developed by Yuga Labs and released in early 2022.
This cryptocurrency is part of the ApeCoin Foundation, APE is a supported currency on Stake.com as players can use their APE to deposit, bet and withdraws fund form their Stake account.
Binance USD (BUSD)
Binance USD is another stablecoin pegged to the US Dollar, with BUSD issued by Binance, in partnership with Paxos, and is a an approved and regulated currency by New York State Department of Financial Services (NYDFS).
Launched in 2019, BUSD grew in popularity and usage as a premier USD pegged stable coin with its association with the crypto exchange, Binance.
Dai is an stablecoin that is pegged to the US Dollar, is crypto-collateralised and fully decentralised - a world first in stablecoins pegged to USD.
As the native stablecoin for the Maker protocol, Dai is a popular stablecoin cryptocurrency used in transactions and loans due to its stable nature.
In 2017, the Maker Foundation launched the Maker Governance Protocol (MKR) and their first stablecoin cryptocurrency, the predecessor to DAI, Single Collateral Dai (SAI) which used Ether (ETH) as collateral.
In 2019, the Maker Foundation iterated on the concepts established in SAI and introduced the Multi-Collateral Dai (DAI) - with SAI slowly phased out in preference to the new stablecoin, DAI.
Dai is a popular stablecoin cryptocurrecy and is suitable for betting on the Stake platform.
The Chainlink token (LINK) is an ERC-677 token that provides incentive in the proper operation of Chainlink Decentralized Oracle Networks (DONs).
DONs exist to solve the problem with smart contracts in which the security model of blockchain networks isolated smart contracts where they were unable to connect to off-chain systems.
The Chainlink Network DON's supports two models, the Basic Request Model and Decentralised Data Model, that delivers data from off-chain to smart contracts on-chain.
LINK uses Node Operator Fees to pay Chainlink nodes to provide access to real-world data and allows for Implicit and Explicit Staking. LINK is now available on Stake to be used for betting on the platform.
The Sandbox (SAND)
SAND is an ERC-20 token that is used within The Sandbox - a virtual world where players can build, own and monetise their gaming experience in a decentralised community.
Players own their true assets within The Sandbox as NFTs, with SAND used as the basis for all transactions within The Sandbox.
Launched in August 2020, SAND is a utility token built on the Ethereum blockchain which allows for access to the Sandbox platform as well as governance, staking, fee capture, foundation and is now also available on Stake.com.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a memecoin that follows the legacy of Dogecoin in capturing attention as a memecoin.
SHIB was developed by the Shiba Inu team who have also created the decentralised exchange, Shibaswap which has two additional token: LEASH, a scarce supply token and BONE, a governance token.
As a popular memecoin, there is high supply of SHIB and can now be used as a cryptocurrency to bet on Stake Casino and Sportsbook.
Uniswap (UNI) is a governance token for the Uniswap Decentralised Exchange (DEX).
Introduced in September 2020, UNI has grown in usage and is now available to bet on Stake.com.
Polygon (MATIC) is the native cryptocurrency of the Polygon Network (formerly MATIC Network).
Polygon is a well-structured platform for Etherum scaling and infrastructure development where the Polygon Network transforms Ethereum into a multi-chain system. As a "layer 2" scaling solution to Ethereum, Polygon (MATIC) is a token used for fees, staking, governance and now as a betting option for the Stake players.
How to Choose Which Crypto Coin is Right for You?
There’s no right or wrong way to choose a cryptocurrency to use at Stake.com. However, it makes sense to look at the stability of any coin you plan to buy, and you should also check its recent volatility in the crypto market to ensure you’re not buying at a bad time.
You can easily track cryptocurrencies on various online indexes to see how they’re performing, which is a good starting point as you plan your budget.
If you’re a crypto newbie, Bitcoin is perhaps the best option, as it’s the easiest cryptocurrency to buy and understand. It’s also one of the more stable coins, but as is the case with all crypto assets, its value can change in the blink of an eye.
Once you've decided on your chosen crypto, you can learn how to buy crypto and deposit units into
How to Deposit & Withdraw Cryptocurrency on Stake Casino & Sportsbook
Easily deposit crypto units into your account to play online casino games by following these simple steps:
Step 1 – Retrieve your deposit address, located in Wallet > Deposit.
Step 2 – Choose the method that suits your needs.
Step 3 – Use your deposit address as the ‘send to’ location for your crypto wallet or exchange.
Step 4 (Optional) – If you wish to make a deposit via fiat currency, you can buy crypto for Stake via Moonpay.
Moonpay supports multiple payment options, including Visa, Mastercard, Apple Pay, Google Pay, and others, to buy cryptocurrency to enjoy casino games. For a full list of supported payment options, please refer to the Moonpay documentation.
Learn how to use the Stake Vault to securely store cryptocurrency online to fund future gameplay at Stake Casino and Stake Sports.
Responsible gambling is all about staying in control and spending what you can afford on gambling. You need to set your own limits and decide how much to spend each time you place a bet at Stake.com.
When you create an account at Stake.com, you can access our brilliant casino and sports betting promotions. You can also check out our monthly bonuses and learn more about the exclusive rewards available via the Stake VIP Club to boost your bankroll further.