Cryptocurrency Guide – Different Types of Cryptocurrencies at Stake.com
As a leading cryptocurrency casino and online sports betting platform, Stake.com supports all types of digital currencies that can be used for online gambling.
You can use popular cryptocurrencies to bet on a range of casino games, from live casino games to exciting online slots. You can also bet on your favorite sporting events, whether they are live matches or upcoming tournaments .
With this handy casino guide, you can learn about the types of cryptocurrency deposits available to you when betting with digital assets on our safe and secure platform.
What is Bitcoin and Cryptocurrency?
Cryptocurrencies are virtual currencies that can be used as a form of payment for a variety of transaction types. Bitcoin is one of the most well-known cryptocurrencies, but in today’s society, there are many other cryptocurrencies that can be used as a medium of exchange. When trading cryptocurrencies, no third party is involved. Users can get the opportunity to trade safely and without transaction fees.
Bitcoin and other digital currencies are tied to the blockchain, which ensures the anonymity of the user. When you buy Bitcoin and other cryptocurrencies, you need to store them securely in a digital wallet. You can use them in a variety of situations. Similar to traditional currencies, they can be used to purchase goods and services and bet in online casinos.
Each cryptocurrency has a value associated with it. This value changes regularly and usually without prior notice. As a result, most cryptocurrency users hold multiple currencies in their wallets and keep an eye on market changes. With Stake.com you can use multiple cryptocurrencies and have full control over the currencies available to you.
What cryptocurrencies does Stake.com offer?
Stake.com is also the world’s leading cryptocurrency casino and sportsbook, supporting a wide range of cryptocurrencies from Bitcoin (BTC) to Polygon (MATIC). Explore the full list of cryptocurrencies supported on Stake.com and read about each one in detail.
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Bitcoin (BTC)
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Ethereum (ETH)
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Litecoin (LTC)
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Dogecoin (DOGE)
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Bitcoin Cash (BCH)
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Tron (TRX)
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EOS (EOS)
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Tether (USDT)
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Binance Coin (BNB)
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Chronos (CRO)
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USD Coin (USDC)
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ApeCoin (APE)
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Dai (DAI)
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Chainlink (LINK)
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The Sandbox (SAND)
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Shiba Inu (SHIBA)
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Uniswap (UNI)
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Polygon (MATIC)
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Solana (SOL)
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XRP
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Binance USD (BUSD)
Bitcoin (BTC)
Even the least knowledgeable person about cryptocurrencies and the value of various currencies has heard of Bitcoin. The world’s most well-known cryptocurrency has had some ups and downs over the years, but it has stabilized and is easier to track. You can check out our guide to cryptocurrency price charts for more details.
Most Stake players use Bitcoin as their main currency. Bitcoin is usually orange in color, and sometimes yellowish in color.
Ethereum (ETH)
The most recognized cryptocurrency on Stake is definitely Ethereum. Ethereum (abbreviated as Ether or ETH) is generally considered by experts around the world to be a good investment. Ethereum has great room for appreciation in the future.
Ethereum is also considered to be a very safe and secure way to invest. There is nothing to hesitate about when using Ethereum, and users can have full confidence in Ethereum.
Ethereum is usually colored dark blue. It is expected to increase in value in the future.
Litecoin (LTC)
As our first altcoin, Litecoin is a very interesting cryptocurrency.
Compared to Bitcoin, Litecoin’s transaction speed is very fast. Usually, BTC block transactions take about 10 minutes, while LTC only takes 2 and a half minutes. On Stake, LTC is the third one from the top in the drop-down menu. It is usually associated with silver or light gray.
This is a very clear difference and selling point, especially for frequent traders, but as mentioned above, it is far less valuable than its proverbial big brother.
Dogecoin (DOGE)
Dogecoin is a hotly discussed currency. Usually, the holders of Dogecoin on the website hold very large shares. The circulation of this currency is very large!
Dogecoin is generally associated with the color yellow, is fun to use, and is a safe way to buy.
Bitcoin Cash (BCH)
Bitcoin Cash is another derivative of Bitcoin that is slightly less valuable but has great potential for growth.
Its price moves more regularly than other currencies, but you can rest assured that it is a safe investment.
Many industry experts predict that this currency will develop into a more valuable currency like Ethereum in the future. If you are looking for a more unique currency to make a profit, this is it.
Tron (TRX)
Tron is relatively less well-known, but it can also provide buyers with good investment opportunities.
Tron usually appears in red and its value is slightly higher than Dogecoin. Many experts predict that it will appreciate in value in the future, and like Bitcoin Cash, it will bring many novel investment opportunities.
EOS (EOS)
EOS is a very interesting currency that is worth much more than other cryptocurrencies.
To learn more, read reasons to switch to EOS and how to use it to make a profit.
Tether (USDT)
Tether is a popular stablecoin that was originally designed to be pegged to the US dollar.
As the hottest cryptocurrency after Bitcoin and Ethereum, Tether is a popular choice in cryptocurrency trading and can now also be used for deposits, bets, and withdrawals on Stake.
Binance Coin (BNB)
BNB is the native currency issued by Binance Exchange. Binance Coin (BNB) was originally designed as a utility token to reduce transaction fees on Binance Exchange. Since 2017, its application has been expanding and can also be used on Stake.
Chronos (CRO)
CRO was created by Crono Labs in 2016 and is the native currency on the Cronos blockchain. CRO is an ERC-20 token on the Ethereum blockchain, a smart chain compatible with financial decentralization that reduces transaction fees.
USD Coin (USDC)
USD Coin is a stablecoin pegged to the US dollar and managed by Centre, a consortium founded by Circle. Members of the consortium include Coinbase and Bitmain.
As a stablecoin, USDC provides an alternative to Tether (USDT) and other stablecoins pegged to the US dollar. Due to its stablecoin properties, USDC is a good choice for gamblers who want to enjoy the benefits of cryptocurrency while also wanting to obtain the stable properties of mature currencies (such as the US dollar).
ApeCoin (APE)
ApeCoin is the native currency of Bored Ape Yacht Club (BAYT), launched by Yuga Labs in early 2022.
This cryptocurrency is part of the ApeCoin Foundation. Stake.com supports the use of APE. Players can use APE to deposit, bet, and withdraw funds from their Stake accounts.
Dai (DAI)
Dai is a USD-pegged stablecoin that is crypto-collateralized and fully decentralized — the world’s first USD-pegged stablecoin.
As the native stablecoin of the Maker Protocol, Dai has become a popular stablecoin cryptocurrency for transactions and loans due to its stability.
In 2017, the Maker Foundation launched the Maker Governance Protocol (MKR) and their first stablecoin cryptocurrency, the predecessor of Dai, Single Collateral Dai (SAI) collateralized by Ether (ETH).
In 2019, the Maker Foundation iterated on the concepts established in SAI and launched the multi-collateral Dai (DAI) – SAI was gradually phased out and the new stablecoin DAI began to be promoted.
DAI is a popular stablecoin cryptocurrency and is suitable for staking on the Stake platform.
Chainlink (LINK)
The Chainlink token (LINK) is an ERC-677 token that provides incentives for the normal operation of the Chainlink Decentralized Oracle Networks (DONs).
DONs use smart contracts to solve the problem. The security model in the blockchain network is independent of the smart contracts and cannot be connected to the off-chain system.
Chainlink Network DON supports two models – the basic application model and the decentralized data model, which can transfer data from the off-chain to the smart contracts on the chain.
LINK uses node operator fees to pay Chainlink nodes to provide access to real-world data and allow implicit and explicit staking. Stake supports betting on the platform using LINK.
The Sandbox (SAND)
SAND is an ERC-20 token used in The Sandbox, where players can build virtual worlds and own and monetize their gaming experiences in a decentralized community.
Players can hold real assets in The Sandbox in the form of NFTs, and SAND is the basis for all transactions in The Sandbox.
SAND was launched in August 2020 as a utility currency on the Ethereum blockchain, allowing access to the Sandbox platform and can be used for governance, staking, fee capture, and foundations, and can now also be used for staking on the Stake.com platform.
Shiba Inu (SHIBA)
Shiba Inu (SHIB) is an emoji currency, which is exactly the same as Dogecoin, which was popular as an emoji currency.
SHIB was created by the Shiba Inu team, who also created the decentralized exchange: Shibaswap. The exchange has two additional tokens: the scarce supply token LEASH and the governance token BONE.
As a popular emoji currency, SHIB has a large supply and can also be used as a cryptocurrency for Stake casinos and sports betting.
Uniswap (UNI)
Uniswap (UNI) is the governance token in the Uniswap Decentralised Exchange (DEX).
UNI was launched in September 2020 and has continued to grow in usage, and can now be used for betting on Stake.com.
Polygon (MATIC)
Polygon (MATIC) is the native cryptocurrency of the Polygon Network (formerly MATIC Network).
Polygon is a platform for Ethereum expansion and infrastructure development. The Polygon network will transform Ethereum into a multi-chain system. As Ethereum’s “layer 2” expansion solution, Polygon (MATIC) is a token used to pay fees, pledge, governance, and now also a betting option for Stake players.
Solana (SOL)
Solana is a high-performance blockchain platform designed for decentralized applications and fast transactions. Launched in 2020, Solana uses a unique consensus mechanism that combines Proof of Stake (PoS) and Proof of History (PoH).
Solana is a fast and efficient blockchain that offers low transaction fees and high throughput, making it ideal for frequent transactions and decentralized financial applications. SOL, as the native currency, can be used to pay fees, pledge, and govern the Solana network. Stake players may be attracted by the speed and low fees of SOL deposits and withdrawals.
How to choose the right cryptocurrency for you?
There is no right or wrong when it comes to the cryptocurrencies you use on Stake.com. However, you can check the stability of the currency you plan to buy and the recent volatility of the currency in the cryptocurrency market to ensure that you buy at the right time.
You can easily track cryptocurrencies in various online indices to see how they are performing, giving you a good start when planning your budget.
If you are new to cryptocurrency, Bitcoin is probably the best choice because it is the easiest cryptocurrency to buy and understand. It is also relatively stable. However, like all crypto assets, its value can change over time.
We have provided you with an exclusive guide that you can check out when choosing the right currency , so please take a look.
Once you’ve decided on the cryptocurrency you want to choose, you’ll need to understand how to buy and deposit funds.
Stake.com offers live support through customer support staff to help players with issues regarding deposits and withdrawals .
Learn how to use Stake Vault to securely store your cryptocurrency online for use with Stake Casino and Stake Sports.
Bet Responsibly
Responsible gambling is all about controlling your spending. You need to spend what you can afford on your gambling activities. You need to set your own betting limits and decide how much you want to spend on each bet with Stake.com.
You can use our budget calculator to calculate your monthly gambling budget quota and exercise self-control. For more advice, read our responsible gambling guide , betting limit guide and refer to the Stake Smart guide before making a cryptocurrency deposit.
Stake.com Casino Promotions and VIP Club
Once you create an account at Stake.com, you’ll have access to our fantastic casino and sports betting promotions. You can also check out our monthly bonuses and increase your bankroll with exclusive rewards from the Stake VIP Club . Check out our Stake VIP Club FAQ for more information and to discover more member-only rewards like cashback and reload bonuses !
If you are just starting your Stake journey, we also recommend checking out our online casino guide and sports betting guide for more information.