What is Gambling with Crypto? - Crypto Betting & Gaming on Stake Casino
When Stake.com launched in 2017, we were one of the first crypto casinos, and we’ve become a go-to platform for both casual and expert players ever since. There are plenty of crypto gambling platforms today, but none with a history as rich as ours.
Sometimes the cryptocurrency world may seem daunting, but we're here to show you that it’s not that complicated. This article will help you navigate the crypto space and assist you on your crypto gambling journey.
Cryptocurrency is a digital payment operating on a ledger and employing encryption to secure transactions. Unlike fiat currencies, cryptocurrencies are decentralised, with no central entity to maintain their value.
Cryptocurrency is generated through mining, which uses computers to generate crypto coins.
Contrary to popular belief, crypto didn’t start with Bitcoin; there were many iterations of digital assets back in the 1990s. However, Bitcoin first solved the double spending conundrum and used a decentralised network to verify crypto transactions.
What this means to you is that you can confidently deposit and withdraw funds from your Stake.com account using cryptocurrency payments that are fast, secure, and with lower transaction fees.
If you're interested in learning more about the most popular cryptocurrencies used for betting, discover trending coins, glossaries and crypto courses on learncrypto.com.
What is a Crypto Casino & Crypto Sports Betting Site?
Simply put, cryptocurrency casinos are online casinos that accept crypto deposits from players’ cryptocurrency wallets as a method of funding accounts to allow gambling to take place online.
There are many advantages to using cryptocurrencies, which we’ll look into in further depth. But first, let’s take a quick look at Bitcoin and the concept of these digital currencies.
If it's your first time playing casino games or betting on sports online, you may want to check out our online casino guide or sports betting guide for more information.
Safety & Benefits of Gambling with Crypto
When it comes to online gambling, crypto games are no different to normal; they are fair games, and the use of crypto assets couldn’t be in safer hands. There are heaps of benefits to using Bitcoin, Ethereum and other top cryptocurrencies, such as:
Security – transacting in cryptocurrencies does not require sharing your financial information online, making them safer than traditional payment methods.
Speed – many crypto payments can occur instantly, using technology such as the lightning network to increase transaction speed and reduce cost.
Borderless – as cryptocurrencies exist in the virtual world, there are no international borders and thus, no currency conversions are necessary to make crypto payments from your digital wallet.
What Cryptocurrencies Does Stake.com Offer?
The digital currency space is evolving quickly, and as it does, so will the crypto payment options we offer. Stake Casino accepts payments from a wide variety of cryptocurrencies:
Best Slot Games & Live Casino Games to Play with Crypto
You can use your crypto funds to enjoy the many exciting online slots in our lobby, from top providers such as Push Gaming, Hacksaw Gaming and Play’n GO, and a wide selection of original games and exclusive games to Stake Casino.
There are heaps of popular games for you to try from top game providers that offer a variety of games for crypto gambling. Whether you’re partial to the odd Nolimit CityWild West or horror slot or something more friendly like classic casino games or candy slots, you’ll find something for every type of player at Stake Casino.
There are so many types of symbols – from wilds to scatters – and game mechanics to explore; it helps you do your homework to maximise your game time. Then check out our titles with the best bonus rounds to get your teeth into.
How to Buy, Deposit & Withdraw Cryptocurrency
Effortlessly deposit crypto units into your account to play slots and other 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 crypto exchange.
Step 4 (Optional) – If you wish to make a deposit via local currency, you can buy crypto for Stake via Moonpay and Swapped.com.
Learn how to use the Stake Vault to securely store your funds online for all future gameplay at Stake. You can also read our crypto security guide to learn more about keeping your funds safe and secure at Stake.com.
Casino Promotions, Bet Bonuses & VIP Club at Stake.com
Now that you understand the wonderful world of crypto gambling, it’s time to take advantage of our generous bonuses and check out our VIP program to enjoy exclusive rewards today.
