Beginners Guide – How to use Stake.com and Crpyto Currency
Most of us are used to using FIAT or CASH for our every day transactions – using coins and notes for purchases in shops and bars, using debit/credit cards for larger transactions and online shopping like Amazon etc. It is for this reason that Crypto Currency can be a bit daunting if you have never used it. The guide below is easy to follow and gives you the basics for how to acquire crypto currency and use it on crypto casinos such as Stake.com
This guide is most definitely not the ONLY way to acquire and transfer crypto currency but, for me at least, is the easiest and quickest.
The first thing you need to do is acquire or “buy” crypto currency from a crypto currency exchange that is placed in your “crypto wallet” – some popular exchanges are Binance and Coinbase. There are many crypto currency exchanges for different countries and regions so do your research and make sure to read the Terms & Conditions. The link below provides a welcome offer for Binance.com whereby you will receive 10% discount on trading fees.
The next step is to purchase some crypto of your choosing. Personally, I use Litecoin (LTC) for Stake.com because the trading fees are minimal and the speed of transactions is extremely good compared to other currencies. The screenshots below show the process of acquiring LTC
Once we have acquired some crypto currency, the next thing to do is create an account on Stake.com – for a basic account, you just need an email address which is verified. This process takes less than 30 seconds.
Once that is done, all that is left to do is send your chosen amount of crypto currency from your crpyto exchange wallet to your Stake.com wallet. This process is shown below. Go to your wallet and “Fiat & Spot” > Find your coin you want to use (in this case LTC) > Go to withdraw > Copy your Stake LTC deposit address > Paste into the Address field on Binance > Select how much LTC you want to use > Press confirm (Please note that LTC transactions take varying amounts of time, small and moderate deposits usually take between 3m and 6m)