Stake Casino

5/5

Stake Casino redefines the online casino landscape by merging a comprehensive suite of games with state-of-the-art features, and the possibility to use cryptocurrencies. Our review delves into the unique aspects that make Stake Casino a standout choice for crypto gambling.

Stake Casino opened its digital doors in 2017, and since then they have been constantly evolving and innovating in the casino space. They can show a spotless record and an incredibly good reputation – we did not find any negative feedback whatsoever, when we visited major casino forums to see what you, the players think of Stake Casino. 

Stake Casino Logo
CASINO
RATING
BONUS
FEATURES
5/5
Canada's Best Crypto Casino
BONUS - Coming Soon!

Games & Slots at Stake Casino

Stake Casino provides a diverse array of gaming options to suit various player preferences, ranging from classic table games like blackjack and roulette to dynamic slots and progressive jackpots. The platform regularly refreshes its offerings with new and engaging titles to enhance the gaming experience. Stake Casino boasts a comprehensive portfolio featuring top-rated video slots developed by industry giants such as Pragmatic Play, Evolution Gaming, Play’n GO, Microgaming, NetEnt, Betsoft, 1x2Games, iSoftBet, Quickspin, Yggdrasil Gaming, BGAMING, Ezugi, Playson, and Thunderkick. Each game includes accessible rules, adjustable bets, and customizable paylines to accommodate different playing styles.

For those who favor traditional casino games, Stake offers a variety of table game variations including Blackjack, Roulette, HiLo, Dice, Baccarat, and Keno. Fans of video poker will also find a selection of games available. Beyond casino games, Stake caters to sports betting enthusiasts with options to wager on numerous sports, including hockey, using cryptocurrency. This integration of casino gaming and sports betting, along with the convenience of crypto transactions, places Stake at the cutting edge of online gambling platforms.

Stake also has a series of games which are original and unique to Stake Casino. They have curated many exciting casino titles, covering a broad range of games, from video slot machines and classic table games to money wheels, card games and more. 

On their own website, they say the following about the Stake Originals series:

Starting with table classics like blackjack and baccarat , you can also enjoy immersive slots action from Tomb of Life and nostalgic gameplay in Mines , drawing its inspiration from Minesweeper. Enjoy lottery games like Keno , Stake exclusives like Diamonds , and Slide for something completely different. While there are no Stake Original live dealer games, you can play video poker and roulette , amongst others, for a taste of classic casino entertainment.”

I can only  get behind their statement, as I have thoroughly enjoyed playing these Stake Originals. I do in particular like Mines, and I will definitely be back to play that slot more. I can assure you there is a  wonderful world of Stake Originals for you to play at Stake Casino, just waiting to be explored. 

Deposit and Payment Methods at Stake Casino

Stake is an online casino platform that primarily caters to users who prefer to use cryptocurrencies for their gambling transactions. The platform supports a wide range of popular digital currencies, providing users with flexibility and convenience when it comes to depositing and withdrawing funds. Some of the supported cryptocurrencies include:

Bitcoin (BTC):
The world’s first and most widely recognized cryptocurrency, Bitcoin is accepted by many online platforms, including Stake. Its decentralized nature and potential for anonymity make it a popular choice among online gamblers.
Ethereum (ETH):
The second-largest cryptocurrency by market capitalization, Ethereum is known for its smart contract functionality. It has gained significant popularity in the online gambling industry due to its fast transaction times and low fees.
Litecoin (LTC):
Often referred to as the “silver to Bitcoin’s gold,” Litecoin is a peer-to-peer cryptocurrency that offers faster transaction confirmation times and lower fees compared to Bitcoin.
Dogecoin (DOGE):
Initially created as a meme-inspired cryptocurrency, Dogecoin has gained a significant following and is now accepted by various online platforms, including Stake.
Ripple (XRP):
Ripple is a digital currency that aims to facilitate fast and low-cost cross-border transactions. It has gained traction in the online gambling industry due to its speed and efficiency.

To make a deposit on Stake using any of these cryptocurrencies, follow these simple steps:

  1. Register an account on the Stake platform if you haven’t already done so.
  2. Access your secure cryptocurrency wallet where you store your digital assets. You need your crypto wallet set up before you can deposit to Stake.
  3. Click on the cashier section within the Stake platform and choose the ‘Deposit’ option.
  4. Select the cryptocurrency you wish to use for your deposit from the list of supported options.
    Stake will provide you with a unique wallet address specific to the chosen cryptocurrency. Copy this address.
  5. Go back to your personal cryptocurrency wallet and initiate a transfer, pasting the Stake wallet address as the recipient.
  6. Confirm the transaction and wait for the blockchain network to process and confirm the transfer.
  7. Once the transaction is confirmed, your deposited funds will be instantly credited to your Stake account, and you can start playing your favorite casino games right away. The speed of the deposit process may vary slightly depending on the chosen cryptocurrency and network congestion at the time of the transaction. 

It’s essential to double-check the wallet address before initiating a transfer to ensure your funds are sent to the correct destination.

Additionally, be mindful of any minimum deposit requirements set by Stake for each cryptocurrency. These may vary depending on which coin you are using. By supporting multiple cryptocurrencies, Stake offers users a seamless and secure way to fund their online gambling activities, catering to the growing demand for digital currency integration in the online casino industry.

Crypto Withdrawals at Stake Casino

Since Stake primarily deals with cryptocurrencies, this allows for swift withdrawal processes. Once a withdrawal request has been approved by the casino, the funds will be transferred to your secure crypto wallet within minutes. The approval process is also quick, making it a convenient option for players.
To initiate a withdrawal on Stake, follow these steps:

  • Access your account and select the ‘Wallet’ option.
  • Choose ‘Withdraw’ from the available options.
  • This is when you select the cryptocurrency you wish to withdraw (e.g., Bitcoin, Ethereum, etc.). 
  • Enter the destination address, the address to the wallet where you want to receive your funds.
  • Double-check the address to ensure accuracy.
  • Input the amount you want to cash out, keeping in mind any minimum or maximum withdrawal limits set by the casino.

After the funds are in your cryptocurrency wallet, you have two options:

  1. Keep your winnings in the wallet as cryptocurrency for future use in a casino or as running investment in your chosen crypto.
  2. Transfer the funds to your bank account at the current exchange rate. To do this, you’ll need to use a crypto exchange platform that supports the conversion of your chosen cryptocurrency to your local fiat currency.

When transferring funds from your crypto wallet to your bank account, keep the following in mind:

  • Choose a reputable crypto exchange that operates in your country and supports your desired cryptocurrency and fiat currency.
  • Create an account on the exchange and complete any necessary verification processes.
  • Link your bank account to the exchange, following their specific instructions.
  • Transfer your cryptocurrency from your wallet to your exchange account.
  • Convert the cryptocurrency to your local fiat currency on the exchange.
  • Initiate a withdrawal from the exchange to your linked bank account. The time it takes for the funds to reach your bank account will depend on the exchange and your bank’s processing times. All this information will be available in your crypto wallet, and will vary slightly from exchange to exchange. 

Bank Withdrawals

Remember that in most cases you will need to withdraw with the same method your deposit was made. So if you deposit in BTC, you will have to withdraw with the same method and exchange.

If you use your Visa card and FIAT currency, you can not withdraw in crypto, but it must go back to the same card/account you deposited from. The biggest difference between a crypto withdrawal and a “normal” withdrawal is the time it takes for you to have the winnings accessible to you. 

In general, withdrawing funds from an online casino to a bank account involves the following steps:

  1. Verify your identity with the casino, if, and when, required. (All players will need to verify their account at some point. This is part of the casinos licensing agreements.)
  2. Request a withdrawal from your casino account, selecting the bank transfer option.
  3. Provide your bank account details to the casino.
  4. Wait for the casino to process your withdrawal request, which may take a few business days.
  5. Once approved by the casino and sent to your bank, the bank will have their own processing times to process the incoming transaction and credit the funds to your account. In general this whole process can take 3-5 business days. 

Withdrawal times and any associated fees may vary depending on the casino, your location, and the chosen withdrawal method. Always review the casino’s terms and conditions and banking policies before initiating a withdrawal.

Is There Tax on Casino Winnings in Canada? 

In Canada, gambling winnings are generally not taxable. This applies to winnings from lotteries, casinos, horse racing, and other forms of gambling. So the average gambler from Canada will not have to worry about tax on their winnings, but if you fall into one of the below categories, make sure you check with your local tax authority. 
 
Professional gamblers:
If gambling is your primary source of income and you pursue it as a business, your winnings may be considered taxable income. In this case, you can also claim gambling losses as deductions. Professional poker players are some of those who will be taxed on their winnings. 
Interest income:
If you earn interest on your gambling winnings, such as in a casino account, the interest is taxable and must be reported as income.  Most casinos do not offer interest on any amount you have in your casino account, if you are a VIP high-roller though, you might also want to check that this does not apply to you. 
Gambling as a source of income:
If you sell lottery tickets or operate a gambling venue, your income from these activities is taxable. This is self explanatory, and is only applicable to a very small number of people, and if you fall under this clause you will already be aware of it. 
Recordkeeping:
Even though casual gambling winnings are not taxable, it’s a good idea to keep records of your winnings and losses in case you need to provide evidence that your gambling activities are not a primary source of income. Most casinos have this information easily available in your account or cashier, and you can export the information for your records. 
U.S. winnings:
If you win a significant amount at a U.S. casino or lottery, the IRS may withhold a portion of your winnings. To reclaim this amount, you’ll need to file a U.S. tax return and provide documentation to demonstrate that the winnings are not taxable in Canada.
 
It’s important to note that while gambling winnings are generally not taxable in Canada, each individual’s situation may differ. If you have specific questions or concerns about your gambling winnings and taxes, it’s best to consult with a qualified tax professional who can provide advice tailored to your circumstances.

Bonus at Stake Casino

Stake Casino Logo

Stake Casino offers a welcome bonus of 200% up to $1000.  

After logging in, go to “Deposit” in the main menu at the top and choose a suitable payment method – either cryptocurrency or the large variety of other payment options.  Choose an appropriate amount and wait for the money to appear on your balance.

Now you can activate the welcome bonus!

As soon as the deposit is made, you can activate the juicy welcome bonus and see your balance triple on the spot. The more you deposit, the more you get from the company. 

The wagering requirement for this welcome offer is 40x, and I always recommend that you read through all the terms and conditions of any casino bonus you are considering. 

Play from your mobile

Stake Mobile Casino

Stake Casino ensures a seamless mobile gaming experience, allowing players to enjoy its offerings on most smartphones and tablets without the need for an app.

The mobile version is almost identical to the web version, and it is just as comfortable on a handheld device as on a desktop. I am able to enjoy the atmosphere on most mobile devices such as smartphones and tablets that run both iOS and Android, no app needed. For this review, I have played most of my game rounds on mobile devices, and I had no issues with any feature.

How To Use Crypto in Casinos

Stake Casino is in the forefront of using crypto in casinos and betting. And ‘cryptocurrency’ has been a buzz word for a while now. Even if you have never used crypto before, do not worry – cryptogamblerguide.com have you covered! You can find a comprehensive guide in our article “A beginners guide to cryptocurrencies” But in short, these are the steps to get started with crypto:
  1. Choose a Reputable Cryptocurrency Exchange
  2. Create an Account
  3. Deposit Funds
  4. Buy Crypto
  5. Transfer crypto to your secure wallet
  6. Deposit to your chosen casino
Once your crypto account is set up, it becomes quite a seamless transaction, both when depositing and withdrawing from the casino. Just keep in mind that you would normally have to wthdraw your winnings back to the same method for deposit.
 

Concluding Words

Stake Casino is renowned for its vibrant community where players can interact, share strategies, and celebrate wins. Supported by 24/7 customer service via live chat and email, the casino ensures a supportive and responsive environment.

Stake Casino stands out in the crowded market of online casinos by offering a unique blend of traditional and innovative gaming experiences, robust security measures, and a thriving community. Whether you’re a seasoned gambler or a newcomer, Stake Casino offers a modern platform that caters to all your gaming needs.

Joel Bruce
Joel Bruce
Editor in Chief at CryptoGamblerGuide
Joel Bruce is one of Crypto Gambler Guide’s top online gambling industry experts. Without Joel’s involvement, Canada’s top online crypto casino guide that is CryptoGamblerGuide.com would not exist. Thanks to his extensive knowledge of…