What Crypto does Stake offer?
Stake.com was one of the first crypto casino websites during its launch in 2017 and has grown to support 18 different cryptocurrencies.
Cryptocurrency is popular as a transactional form of currency and its use in betting and gambling truly showcases the use case of crypto.
When people think of cryptocurrency, the majority wouldn’t know more than one or two different types with Bitcoin, Ethereum and Ripple the most notable.
But there are countless different cryptocurrencies from all around the world and on Stake, there are eleven you can use.
Some are worth a lot such as Bitcoin, but then there are those that aren’t as well known that have a much different value.
This article has been updated for August 2022 with an updated inventory of the cryptocurrency available to bet with on Stake.
Here is a full inventory of crytpcurrencies available to bet with on Stake casino:
List of Crypto on Stake
Even those with no knowledge of cryptocurrencies and their respective values would know about Bitcoin. The world’s most recognisable crypto has had its fair share of ups and downs over the years, but it has stagnated and is much easier to track .
Most players on Stake use Bitcoin as their primary currency and it appears at the top of the drop down menu on the site. Bitcoin is usually associated with a predominantly orange and sometimes slightly yellow colour.
Currently, the value of one Bitcoin in United States Dollars is just over $24,000 but this number can fluctuate depending on the market.
Substantial drops or increases aren’t as common but if you’re considering Bitcoin, it’s something you need to look into.
Easily the second most recognisable crypto on Stake is Ethereum. Ethereum (often shortened to Ether or just ETH) is universally considered a good investment by experts around the globe due to its potential to be worth much more in the future.
Ethereum is also considered a very safe and secure investment as well, meaning that if you’d like to use Ethereum, you can do so with confidence. Ether appears second from the top on Stake’s crypto drop down menu.
Ethereum is commonly associated with a dark blue colour and at the time of writing, 1 Ether is worth just under $1,900 United States Dollars (USD). But once again, Ethereum is projected to only grow in value in the future.
Onto our first Altcoin, Litecoin is a very interesting cryptocurrency.
It was first created around the same time Bitcoin was starting to make waves around the world. But its value is at the opposite end of the spectrum.
Litecoin transactions are very quick when compared to Bitcoin. A usual BTC block transfer takes approximately 10 minutes whereas LTC is only 2 and a half minutes. On Stake, LTC appears third from the top on the dropdown menu. It’s most commonly associated with the colour silver of a light grey.
That’s a huge difference and selling point, especially for people who make regular transfers. But as previously mentioned, its value is much smaller than its proverbial ‘big brother’.
At the time of writing, 1 LTC is only valued at a shade under $63 USD each. This isn’t necessarily a bad thing, but certainly something you need to be wary of if you’re a complete crypto newbie.
From three of Stake’s most valuable cryptos to its least valuable. That’s not to say it’s no good. Dogecoin is a very hotly debated coin.
Appearing fourth on Stake’s dropdown menu, you will often notice anyone on the site with Dogecoin will have plenty of them. That’s because there are plenty to go around! The coin itself appears fourth from the top on the dropdown menu.
Usually associated with the colour yellow, Dogecoin can be fun to use and generally safe to purchase, but there is a reason for its lack of value.
At the time of writing, 500 Dogecoins are only worth approximately $42.50 USD. Considering the price of the last three cryptos, that’s a major drop. But again, don’t think that means it’s a bad investment. Just make sure you know the facts
Bitcoin Cash (BCH)
Another spin off of Bitcoin, Bitcoin Cash is a slightly less valuable coin but one that has plenty of potential to grow.
Often appearing in a light green colour and appearing fourth from the bottom on Stake’s dropdown menu, Bitcoin Cash is fairly similar to Ethereum in value.
Fluctuations in price are slightly more regular than other coins but you can rest assured knowing its a safe investment.
Many industry experts predict that, like Ether, it will only grow in the future into a much more valuable coin. If you’re looking for a niche coin that could net you profit down the line, look no further.
Now onto the third most well-known cryptocurrency, Ripple.
Often appearing in a light blue or white with a black backing, Ripple is third from bottom on Stake’s drop down menu. But don’t let its popularity lead you into thinking it’s worth as much as Bitcoin or Ethereum.
In fact, 1 Ripple (or XRP) is worth less than a dollar in USD.
Transactions with Ripple are much faster than most coins (similar to Litecoin) and they are generally a very solid investment.
But like all cryptocurrencies, its value is a situation that would need monitoring. Experts believe that the price of Ripple could rise to as much as $10 each, but proceed with caution nonetheless.
At the time of writing, 500 XRP is worth around $190 USD. A good way to figure out how much an amount of Ripple is worth in USD is to value 100% of the Ripple as 25% in USD (e.g. 1 XRP = 25c USD).
Another cryptocurrency that is worth less than 1 USD each, Tron is a fairly unknown coin that can still offer great investment for buyers.
Often appearing in red and second from last on Stake’s dropdown menu, Tron is worth slightly more than Dogecoin.
Many experts predict it will grow in the future and like Bitcoin Cash, it could pose a great niche investment opportunity.
You will seldom see people use it, not for any other reason other than they prefer to use other coins that are more well known.
Currently, 500 Tron is worth just over $35 USD.
The latest cryptocurrency to be added to Stake’s side, EOS is a very interesting coin. Worth more than the cryptos that appear towards to bottom of Stake’s dropdown menu, EOS certainly has its pros.
Mainly appearing in black with a white backing and listed last on that dropdown menu, its value isn’t too dissimilar to the standard USD.
We have written two articles on EOS and how you can use it to turn profit so to avoid repeating many of the same tropes, we recommend reading them via the links below.
Why you should switch General information
Tether is a popular stablecoin and is designed to be pegged to the US Dollar.
As the 3rd most popular cryptocurrency after Bitcoin and Ethereum, Tether is a popular choice for transactions amongst crypto currency and is now offered as an option to deposit, bet, and withdraw on Stake.
Binance Coin (BNB)
BNB is the native currency issued by the Binance exchange. Originally designed as a utility coin to reduce transaction fees on the Binance exchange, Binance Coin (BNB) has had its applied uses increase since 2017 and now is available on Stake.
USD Coin (USDC)
USD Coin is a stablecoin pegged to the US Dollar and is managed by Centre, a consortium found by Circle and includes Coinbase and Bitmain.
As a stablecoin, USDC offers an alternative to Tether (USDT) and other USD pegged stablecoins. Due to the nature of stablecoins, USDC is a strong option for gamblers wishing to use the benefits of cryptocurrencies with the stable nature of established currencies such as the US Dollar.
ApeCoin is the native coin of the Bored Ape Yacht Club (BAYT), developed by Yuga Labs and released in early 2022.
This cryptocurrency is part of the ApeCoin Foundation, APE is a supported currency on Stake.com as players can use their APE to deposit, bet and withdraws fund form their Stake account.
Binance USD (BUSD)
Binance USD is another stablecoin pegged to the US Dollar, with BUSD issued by Binance, in partnership with Paxos, and is a an approved and regulated currency by New York State Department of Financial Services (NYDFS).
Launched in 2019, BUSD grew in popularity and usage as a premier USD pegged stable coin with its association with the crypto exchange, Binance.
Dai is an stablecoin that is pegged to the US Dollar, is crypto-collateralised and fully decentralised - a world first in stablecoins pegged to USD.
As the native stablecoin for the Maker protocol, Dai is a popular stablecoin cryptocurrency used in transactions and loans due to its stable nature.
In 2017, the Maker Foundation launched the Maker Governance Protocol (MKR) and their first stablecoin cryptocurrency, the predecessor to DAI, Single Collateral Dai (SAI) which used Ether (ETH) as collateral.
In 2019, the Maker Foundation iterated on the concepts established in SAI and introduced the Multi-Collateral Dai (DAI) - with SAI slowly phased out in preference to the new stablecoin, DAI.
Dai is a popular stablecoin cryptocurrecy and is suitable for betting on the Stake platform.
The Chainlink token (LINK) is an ERC-677 token that provides incentive in the proper operation of Chainlink Decentralized Oracle Networks (DONs).
DONs exist to solve the problem with smart contracts in which the security model of blockchain networks isolated smart contracts where they were unable to connect to off-chain systems.
The Chainlink Network DON's supports two models, the Basic Request Model and Decentralised Data Model, that delivers data from off-chain to smart contracts on-chain.
LINK uses Node Operator Fees to pay Chainlink nodes to provide access to real-world data and allows for Implicit and Explicit Staking. LINK is now available on Stake to be used for betting on the platform.
The Sandbox (SAND)
SAND is an ERC-20 token that is used within The Sandbox - a virtual world where players can build, own and monetise their gaming experience in a decentralised community.
Players own their true assets within The Sandbox as NFTs, with SAND used as the basis for all transactions within The Sandbox.
Launched in August 2020, SAND is a utility token built on the Ethereum blockchain which allows for access to the Sandbox platform as well as governance, staking, fee capture, foundation and is now also available on the Stake.com casino.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a memecoin that follows the legacy of Dogecoin in capturing attention as a memecoin.
SHIB was developed by the Shiba Inu team who have also created the decentralised exchange, Shibaswap which has two additional token: LEASH, a scarce supply token and BONE, a governance token.
As a popular memecoin, there is high supply of SHIB and can now be used as a cryptocurrency to bet on Stake casino games.
Uniswap (UNI) is a governance token for the Uniswap Decentralised Exchange (DEX).
Introduced in September 2020, UNI has grown in usage and is now available on the Stake casino.
Polygon (MATIC) is the native cryptocurrency of the Polygon Network (formerly MATIC Network.)
Polygon is a well-structured platform for Etherum scaling and infrastructure development where the Polygon Network transforms Ethereum into a multi-chain system. As a "layer 2" scaling solution to Ethereum, Polygon (MATIC) is a token used for fees, staking, governance and now as a betting option for the Stake casino.
So there they are, all eighteen cryptocurrencies offered on Stake.
Is there one coin above all else that you should use? There’s no real right or wrong answer, it just depends on personal preference and the stability of each coin.
Is a coin projected to grow in value? If so, consider investing. But also be aware of the risks and do your research.
But you can bet with confidence and play smarter on Stake !
*All conversions shown are from Google or via coingecko.com on August, 2022.
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