Depositing at Stake sounds like your run-of-the-mill experience but you’ll be mistaken. As a crypto-exclusive casino, Stake requires all of its bets to be made entirely in crypto currencies such as Bitcoin, Dogecoin or Litecoin. To find out how to bet at Stake without minding a single bit of Bitcoin stay tuned for this article.
There are dozens upon dozens of digital wallets online where you can exchange fiat currencies into crypto. Simply search “Digital wallet” on Google and find whatever befits your case. The main difference between your online banking account and a digital wallet is that each wallet is dedicated to a specific currency.
If you have a Bitcoin wallet, for example, there is no way you can deposit funds into a Stake Ethereum wallet. You can only transfer to and receive funds from a Bitcoin wallet. This makes digital wallets particularly unwieldy and restrictive in their use which why the next option may sound more attractive.
Stake partners with company MoonPay to facilitate swift and non-disruptive conversions from regular currencies to crypto. The exchange client could be found by going to:
1. My Account
After you click on “Wallet” a dialog window will open with several options:
- Buy Crypto
Click on “Buy Crypto” and enter your amount. For depositing and withdrawing funds, simply click on the “Deposit” and “Withdraw” buttons respectively and enter the amount you’d wish to either take or upload.
Before making any deposits to your stake account, let’s familiarise ourselves with Stake’s tokens and their respective deposit and withdrawal limits:
As well as deposit/withdrawal differences, expect varying transaction times. While with Bitcoin it may take up to 30 mins to withdraw your funds, for Litecoin, for example, a transaction can last up to 24 hours and above.
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