Word to the wise: if you plan on gambling, you need to do it with a trustworthy operator. The one that is leading the race of the world’s already best and most likely the fastest growing betting outlets is Stake. They did what many wanted and that’s standing out from the crowd. The stake did it by adding cryptocurrencies to its portfolio. This online casino and sports betting outlet has had cryptocurrencies as a payment option for some time now, and crypto can be used to play casino games, card games, slots, and sports betting at Stake.
Wagering with digital currencies has many benefits, and for casual bettors not all of them appear to be evident. That is why we will write this article and bring cryptocurrencies as a payment option closer to regular bettors who haven’t experienced the perks of crypto betting so far.
The Story of Cryptocurrencies, Bitcoin, And Online Casinos
The first crypto, Bitcoin, saw the light of the Internet more than 15 years ago. What followed was a digital financial revolution that is still ongoing today. Nowadays, you can use cryptocurrencies to make all sorts of transactions, from buying and selling to trading to making standard banking transactions to, eventually, our subject for today—gambling. Some online casinos and online sportsbooks, such as Stake where you’ll find a variety of crypto payment methods, joined the revolutions early on, and now they’re leaders in the domain of crypto gambling.
As far as cryptocurrencies go, Bitcoin is the oldest, most valuable, well-known, and most used digital currency. The financial world revolves around BTC to a degree. People who want to make transactions without the need for a third party have learned to love digital currencies. Add the guaranteed safety and security of transactions, paired with fast and free transactions, and you get a well-justified love for Bitcoin and other cryptocurrencies.
The world wide web is full of folks who enjoy betting. Some of us enjoy anonymity while doing it. Crypto and its blockchain technology offer that and more. This is one of the main reasons many bettors switched from standard payment methods to crypto. If you’re on your way to switching to crypto, you ought to know that you first need a digital wallet. With one, you can buy and sell crypto, and in recent years, you can make wagers using a digital currency. Everyone still unsure about making a switch needs to check out how it’s done on Stake where you can play casino games with crypto, and you will have a change of heart; we guarantee it.
Crypto became dominant because it relies on a unique piece of technology called a blockchain. All cryptocurrencies are tied through a blockchain, and all users and every transaction is remembered on it. When you buy crypto and store it in a wallet, your story on the blockchain starts. With digital currencies all transactions become safer, faster, and anonymous. For over a few years, services and goods have been bought and sold using crypto. Trading is also done at registered exchanges, while nowadays it is also possible to wager by using cryptocurrencies.
Betting by using crypto is a double-edged sword. As you probably know, digital currencies are somewhat volatile, and their value often spikes and sometimes drops, depending on the crypto in question. This means that you can, at one point, have one payout set, and if crypto spikes, you will receive more, but if it drops, you’ll receive less. It’s a gamble within a gamble, and we’re all for that fun.
Because of the possibility of this happening, when you decide to buy crypto and bet at one of the best crypto online casinos and sports betting outlets, Stake, you’re better off by having more than a single type of crypto in your wallet. If you follow this simple advice, in no time, you will have an additional passion tied to following your betting slips, and that’s having an eye on the digital currency market. Folks who understand the appeal of Stake and what it offers will be glad to hear that this gambling establishment has over 20 cryptocurrencies in store. Let’s focus on that bot for a while.
How to Buy Crypto on Stake?
Digital currencies are here to stay, and you need to understand that truth. Online casinos and online sportsbooks certainly did. Stake, for example, has partners in this domain, such as Moonpay and Swapped.com, helping their players exchange fiat currencies for crypto. With these two safe and secure online crypto exchange platforms, you can buy crypto and make payments on the betting platform without too much hustle. Your Stake adventure is one click away.
Only a few years ago it was almost impossible to bet using digital currencies. They were few and scattered around, and online casinos haven’t adopted them yet on the level we have today. Nowadays, you can safely buy digital currencies, transfer them to your wallet, and from the wallet to your favorite sportsbook and make wagers. As we said, the process is over in only a few clicks. Trust us when we say it: Stake and crypto betting are some of the best options on the market. Replace standard casinos and fiat currencies with Stake ad crypto, and you get faster transactions, safety, and security of the blockchain, anonymity, and more. Once you’re accustomed to crypto betting you will want nothing else.
What makes Stake stand out among other options in the domain of crypto casinos and online sportsbooks is the possibility to buy different cryptos and to buy them with any of the preferred payment methods. You can buy it with cash, through a banking system, or via Visa and Mastercard. Options such as Apple Pay are also available. With these plenty of options, not making a downpayment is almost impossible.
Furthermore, their website offers a real-time tracker of all player transactions. Having the option to know this, and the constant presence of their customer service and the page with frequently asked questions, there isn’t a single thing in sight that could go wrong. Also, Stake offers you an option of securing your digital money in their vault (Stake Vault) where you will also find a guide on how to attain crypto at Stake and hold onto it before you decide to make your first wager. So, if you have any questions regarding their crypto deals, you can go straight to their FAQ page and read the guide on how to wager with crypto.
Talking about all the cryptocurrencies at stake is getting hard without naming them all by title, so we will do just that. Once you hear all the options, we’re sure that you will be creating your wallet in no time.
Stake’s Crypto Catalogue
Stake.com is one of the leaders in the world of crypto casinos and online sportsbooks. They were one of the first establishments of this kind that fully embraced digital currencies. The company spent years building its reputation, and it succeeded in becoming one of the leaders in the domain of online casinos and sports betting. It was all made possible by growing alongside digital currencies. For those unaware, Stake is a sponsor to some of the biggest names in the world of sports, such as Everton Football Club, Juventude, F1, Max Holloway, Sergio Aguero, Israel Adesanya, Alex Pereira, Alexandre Pantoja, and others. The race to have more ambassadors or digital currencies in their catalog is ongoing. For now, we’re going to focus on crypto, and the list goes as follows:
– USD Coin (USDC)
– ApeCoin (APE)
– Dai (DAI)
– Chainlink (LINK)
– The Sandbox (SAND)
– Shiba Inu (SHIB)
– Uniswap (UNI)
– Polygon (MATIC)
– Solana (SOL)
– Binance (BUSD)
– XRP
– Bitcoin (BTC)
– Ethereum (ETH)
– Litecoin (LTC)
– Dogecoin (DOGE)
– Bitcoin Cash (BCH)
– Tron (TRX)
– EOS (EOS)
– Tether (USDT)
– Binance Coin (BNB)
– Cronos (CRO)
As you can see, it is a pretty impressive list. We are sure it will expand in no time as a new crypto hits the spotlight. If you ask us, even this much is more than enough, as most people still focus only on the most recognizable names such as Bitcoin, Ethereum, Dogecoin, Solana, and USDT. Whichever is your pick, all that matters is that you gamble responsibly and make good selections for a proper payout.
Choosing The Right Digital Currency
Making the right choice is essential regardless of the subject and cryptocurrencies are no different. With over 20 supported cryptocurrenciesavailable at Stake, many players will doubt which one to choose. The most important thing to know is that all crypto differs in value. BTC is much more expensive than Solana for example. It is also more stable than most cryptos from this list. So, while making the right choice is vital, you must check out the factors that could push your decision.
It is not up to us to suggest which action to take. There isn’t a guidebook on how to make this choice. What you need to do is make a comparison. Compare the crypto with your favorite betting markets. Decide that way. As a friendly notion, it is good to focus more on stablecoins. In sports betting and the world of cryptocurrencies, look for matches and crypto with the least volatility. Look for rising digital currencies and avoid those that are dropping.
If you don’t know where to look for the data that could help you it is good to know that crypto market indexes are publicly available information. Before buying a crypto take a look at how it was performing in the last few months. If you’re unsure which one to pick even after assessing the data, moving forward with Bitcoin is your safest bet. BTC has been around long enough that it can be trusted. Yes, it is expensive, but it is also the most valuable crypto. It is stable and it keeps on breaking records. BTC is like betting on Nikola Jokic to be the best Nuggets player night in and night out.
Betting with crypto can make a person a rich man. Imagine betting with BTC, hitting a significant parlay, and doing it at the moment when BTC spikes by 3%. That would add so much value to your payout that it is a matter of wet dreams. While many think this way, we shouldn’t lose other digital currencies from our sight. While not as mighty as BTC, Ethereum and Solana are doing well. Binance, Tether, and Bitcoin cash are also good options for investment and wagering alike. In any case, every crypto is worth your consideration.
To give you a direction, the most used digital currencies at Stake are Bitcoin, Ethereum, Litecoin, and BTC Cash. The reason why they’re top choices is because their volatility has been controlled by the market, and in recent years, most crypto investors turned to them. The trends growing in the crypto markets are the same as at crypto casinos. Regardless of your final decision, you must know that online casino games and sportsbooks remain the same whether you’re using crypto or a fiat currency. The latter only offers faster transactions, more safety and security, access to blockchain, transaction details written into the blockchain code, and seamless deposits and withdrawals.
Bottom Line
Technology is advancing by the day. Online casinos and sportsbooks have been powered by the rapid development of the Internet and mobile devices. When cryptocurrencies were added to the mix, Stake took the advantage and made massive strides in providing players with the best betting platform. It is time to accept the new form of wagering enabled by technology and constant development in online casinos and sportsbooks. Do not be left behind by advancements. Be the leader just like Stake is.
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