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Stake.com and the Blockchain

07 Jun 2022
conrad-castleton
Conrad Castleton 07 Jun 2022
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  • Quick guide to Stake and how the Blockchain works
  • Find out how to use crypto at Stake.com
  • Stake and Crypto
  • Blockchain
  • Creating an account at Stake.com
Stake.com is the world’s biggest crypto sportsbook and casino.

Stake is available all over the world, with hundreds of thousands of registered players. As a crypto betting site, deposits at Stake.com are made using Bitcoin, Ethereum and other cryptocurrencies.

This article explains how Stake and the blockchain works.

Stake and Crypto

Stake.com has thousands of different slot machines and every table game known to mankind, as well as a comprehensive crypto sportsbook where players can bet on over 30 different sports and also enjoy live streaming.

Stake is available all over the world and rewards loyal players with VIP bonuses each month.

Due to the fact that Stake.com does not accept fiat currency, the deposits and withdrawals are lightning quick when using cryptocurrency such as Bitcoin, Ethereum, Litecoin, Ripple and a few other coins.

Blockchain

The blockchain is simply a trustless, 100 percent transparent, open ledger that is available for anyone. It is tamper proof so it is impossible to have a blockchain that has no security flaws. Some blockchains are private while others are public. The Bitcoin blockchain is ‘Proof of Work’, which means that the computers are running and solving extremely hard algorithms to mine new coins. ‘Proof of Stake’ on the other hand allows users to hold a certain number of coins to help governed the community.

Stake have a promo code NEWBONUS and you can read our full guide here.

Creating an account at Stake.com

Now that you have a basic knowledge of Stake and the blockchain, here is how you create an account!

Step 1: Register. Go to Stake.com and hit the ‘Register’ button. All you need is an email address to register. When asked if you have a promo code, type in the Stake.com promo code NEWBONUS. This code allows you to get up to $1000 bonus when making your first deposit.

The sign up process is quick and easy. The registration form takes less than one minute to complete, and you’ll receive confirmation via email.

Step 2: Protect your account with Google Authenticator. This is optional, but if you download Google Authenticator on your smart phone and link it to your new Stake account, you have an extra layer of security every time you sign in to your betting account or try to withdraw funds.

Step 3: Create a middle wallet. You can buy crypto at Stake without a crypto wallet by using the MoonPay service, but most people that use crypto have an account with Trust Wallet, Coinbase or another big exchange to buy Bitcoin and other cryptocurrencies.

Using Trust Wallet as an example, when you are wanting to deposit crypto into Stake, simply follow this chain of command:

  • Your Exchange > Trust Wallet > Stake.com

When it is time to make a withdrawal from your Stake account, simply do the opposite:

  • Stake.com > Trust Wallet > Your exchange

You can then cash out your crypto into Fiat currency.

We always recommend using Ethereum as the transaction speeds are faster and the fees are much lower than Bitcoin!

Step 4: Place your bets. As soon as you have funded your Stake.com, you can place your sports bets and enjoy casino games.

Plus as well as the big welcome bonus, you can enjoy lots of sports and casino promotions and bonus offers!

Once you get over the initial hurdle of acquiring Bitcoin or Ethereum, it is easy to deposit and withdraw at Stake, and we’re confident that this crypto betting site will become your top choice!