Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Stake F1 Team

[Symphonized]

Hard to go past this one for the worst beat of 2023 💔

Just ONE more point from AD would have seen this massive Player Prop bet win over $1million 😥

[Kakmakr]

-snip-

Any service from third-parties.

It's always have possibility to become a scam, do you know some legit service that turns on to be scammed? We already see that. So, IMO people should be aware of the risks and use the money they can afford to lose.

IMO, more than 50$ with type crypto like (BTC) better to withdraw and swap them on exchange. These kind of service are just suitable for low amount. Who know, in the future (Stake) add exchange service 3-5% fee ~XD just like other exchange, so they can drain out more money from user ~XD.

I think Eddie already stated that they are not going to create an exchange service, because of all the regulatory requirements and "red tape" that needs to be done to operate that. I think it is just too many hassles to get it off the ground and then to operate it, within the regulatory requirements of the different countries.

They are comfortable with a third party like Dinabot, offering those kinds of services. It would have been nice to have a in-house service, because Dinabot can be a bit tricky and it is expensive.

[Synchronice]

It seems Stake users can use Poorbot that is a supportive exchanger for them.

• https://poorbot.io/
• Their announcement service states that they are not affiliated with Stake.
• Their design is very neat.

Is it accepted to inform that service here?

If Stake team disagree with this sharing, please inform me, I will delete this one.

It shouldn't be a problem to put this information in this thread. By the way, I really wonder whether it violates Stake's terms to use 3rd party bot for funds exchanging or if it can become a problem in the future.
To be honest, this bot with its rates looks very attractive and handy addition from 3rd party. When gambling companies offer built-in crypto exchange, they have very bad rates but this one charges only 0.30%.

[ryzaadit]

-snip-

No need to response, but stake can just take action as the feedback development.

It's exchange system-based (tipping). If Stake seeing these as good feedback and see how big is the volume transaction, just like other casino do they just can easily make a system and development on their casino for the exchange service with (3-5% as usuall on every casino).

Then, these service will be died or shutdown by them self without (Stake) response to their service. Simple as that.

[rdbase]

-snip-

No need to response, but stake can just take action as the feedback development.

It's exchange system-based (tipping). If Stake seeing these as good feedback and see how big is the volume transaction, just like other casino do they just can easily make a system and development on their casino for the exchange service with (3-5% as usuall on every casino).

Then, these service will be died or shutdown by them self without (Stake) response to their service. Simple as that.

The user and/or player below has already stated what they use for their in-site exchange service and I am very much doubtful they will deviate from using another service other than the one they have been using for several years now.

-snip-

Any service from third-parties.

It's always have possibility to become a scam, do you know some legit service that turns on to be scammed? We already see that. So, IMO people should be aware of the risks and use the money they can afford to lose.

IMO, more than 50$ with type crypto like (BTC) better to withdraw and swap them on exchange. These kind of service are just suitable for low amount. Who know, in the future (Stake) add exchange service 3-5% fee ~XD just like other exchange, so they can drain out more money from user ~XD.

I think Eddie already stated that they are not going to create an exchange service, because of all the regulatory requirements and "red tape" that needs to be done to operate that. I think it is just too many hassles to get it off the ground and then to operate it, within the regulatory requirements of the different countries.

They are comfortable with a third party like Dinabot, offering those kinds of services. It would have been nice to have a in-house service, because Dinabot can be a bit tricky and it is expensive.

Also asked the owner if they would be doing any special bonus drops for the New Years and had mentioned they didn't intend any plans to have anymore.
So I think wagering $20k for the week to get $5 bonus drops are out of the question for the remainder of the year.

[RapTarX]

-snip-

Any service from third-parties.

It's always have possibility to become a scam, do you know some legit service that turns on to be scammed? We already see that. So, IMO people should be aware of the risks and use the money they can afford to lose.

I doubt they will turn out to be scammers. With the recent spike in on-chain fees, they are trying to take advantage to make a little profit. They sound legit; not vouching for them LOL. I will be using them shortly and won't forget to share a review here so that other users can get help.

So I think wagering $20k for the week to get $5 bonus drops are out of the question for the remainder of the year.

Are you kidding me? That's too low to offer a $5 bonus for $20k wagering LOL. There are a lot of other casinos that offer far better promo AFAIK; although it's not something for me. I hardly have wagered $20k in a month.

[salad daging]

I doubt they will turn out to be scammers. With the recent spike in on-chain fees, they are trying to take advantage to make a little profit. They sound legit; not vouching for them LOL. I will be using them shortly and won't forget to share a review here so that other users can get help.

We hope that in the future there won't be any scams and I think they are just running this business to make it easier for stake users to do with third parties.
So I wouldn't consider them bad now it's even better because with a very low fee.
Try to share your experience here or in the thread so that there is no curiosity.

Then, these service will be died or shutdown by them self without (Stake) response to their service. Simple as that.

If for example they shut down the service with an announcement without any accusations then it doesn't matter right? But I doubt their service will die especially since there are many people interested especially stake users

[Mahdirakib]

So I think wagering $20k for the week to get $5 bonus drops are out of the question for the remainder of the year.

There was no bonus drop from Stake team after the 25th December of previous year Christmas celebration. The situation will be same this time. However, they have created a new telegram channel for the high rollers, where they will post higher bonus with pretty big weekly wager requirement. On the 27th December, they have made a bonus drop of $50 with $200k wagering requirement within last 7 days.

I think Eddie already stated that they are not going to create an exchange service ~

Yep, Eddie had said that in one of his weekly stream a long time ago.

[ryzaadit]

-snip-

Agree, people still can be paranoid ~XD

Yep, Eddie had said that in one of his weekly stream a long time ago.

To bad, because they can drain out more money and get more profit by putting the fee exchange at least minimum 5%. IMO, the reason why they really avoiding these don't want player meet minimum withdraw by exchanging all balance from different coin into a single coin.

[Symphonized]

The $10M Christmas Race is almost over! 🏎



Wager from now until the New Year on either our Casino or our Sportsbook to get yourself a place on the leaderboard! 🏁

https://stake.com/promotions/promotion/10m-christmas-race

[AHOYBRAUSE]

-snip-

Agree, people still can be paranoid ~XD

Yep, Eddie had said that in one of his weekly stream a long time ago.

To bad, because they can drain out more money and get more profit by putting the fee exchange at least minimum 5%. IMO, the reason why they really avoiding these don't want player meet minimum withdraw by exchanging all balance from different coin into a single coin.

The problem is, I think if they want to offer exchange they would need yet another license.
And licensing is already an issue for stake obviously. Also money laundering issues would play a role in that.
There are plenty of sites where you can exchange your coins, even without verification and for a reasonable price. No need to do that at a casino in my opinion.

[Hispo]

-snip-

Agree, people still can be paranoid ~XD

Yep, Eddie had said that in one of his weekly stream a long time ago.

To bad, because they can drain out more money and get more profit by putting the fee exchange at least minimum 5%. IMO, the reason why they really avoiding these don't want player meet minimum withdraw by exchanging all balance from different coin into a single coin.

I am tend to lean more on the theory Stake and it's administration is not willing to implement a service for exchanging coins because of the legal implications it could mean for the platform, they are already one of the biggest casinos within the ecosystem of cryptocurrencies, so they really do not need to add such feature to catch more attention from gamblers.
One must keep in mind that because we are taking about a service which have a high volume of deposits and withdraws, international authorities have kept an eye on Stake because it would serve as a way to launder money, thrus the AML measure they keep in place to comply with law, if Stake started to function as an exchange as well, it would mean regulators closing in even more on the activities carry out by users and they could even take advantage of the opportunity to pressure Stake to ask for me KYC information for their gamblers, even to the point of asking by KYC during registration (the same way it is done on exchanges), that would turn some gamblers away who wish to deposit and play as soon as they create their account.

Regardless of that the their strategy in the long term is, I believe Stake does good by staying away from the exchange market, at least for now.

[rat03gopoh]

The problem is, I think if they want to offer exchange they would need yet another license.

A simple analogy illustrates the scale of Poorbot's business: Do traders on the Currency Exchange board also need a license? This is not a millions dollar exchange, nor are you advised to exchange large amounts (in your PoV). There's actually no need for a government license, Stake can issue policies to limit this service for some things if they wish.

[leonair]

-snip-

Agree, people still can be paranoid ~XD

Yep, Eddie had said that in one of his weekly stream a long time ago.

To bad, because they can drain out more money and get more profit by putting the fee exchange at least minimum 5%. IMO, the reason why they really avoiding these don't want player meet minimum withdraw by exchanging all balance from different coin into a single coin.

The problem is, I think if they want to offer exchange they would need yet another license.
And licensing is already an issue for stake obviously. Also money laundering issues would play a role in that.
There are plenty of sites where you can exchange your coins, even without verification and for a reasonable price. No need to do that at a casino in my opinion.

Why exchange facilities need on gambling site? A gambling site needs large enough servers to store various games and user data and have to update them constantly, so if they want to have exchange facilities as well, their site may be down at times and on the other hand they will need a license.  So gambling sites avoid it.  And I personally don't think a gambling site should have exchange facilities.  Although if it was we could avoid withdrawal fees by selecting other coins while withdrawing.

[babygun]

Why exchange facilities need on gambling site? A gambling site needs large enough servers to store various games and user data and have to update them constantly, so if they want to have exchange facilities as well, their site may be down at times and on the other hand they will need a license.  So gambling sites avoid it.  And I personally don't think a gambling site should have exchange facilities.  Although if it was we could avoid withdrawal fees by selecting other coins while withdrawing.

I think a swap feature is handy and usefull to have in any site; there are not a lot of sites that offer it but I have used it quite a lot whenever available. If Stake would implement it, they have a big enough team to make sure their site would not be down when they implement features like this.

[Kakmakr]

I just want to be one of the first people to wish all of you (my Stake family) a Happy New Year... here is hoping that you will win a lot of money and also for the Stake staff to be prosperous in 2024.

Let's hope the North Korean hackers will give you a break and that you have to deal with a lot less drama in 2024.    I also hope that Stake will sign less contracts with huge celebrities and Sport teams and just invest in a good gambling experience for their existing members.

Thank you for a great 2023!

[Fivestar4everMVP]

I just want to be one of the first people to wish all of you (my Stake family) a Happy New Year... here is hoping that you will win a lot of money and also for the Stake staff to be prosperous in 2024.

Let's hope the North Korean hackers will give you a break and that you have to deal with a lot less drama in 2024.    I also hope that Stake will sign less contracts with huge celebrities and Sport teams and just invest in a good gambling experience for their existing members.

Thank you for a great 2023!

Lolz, happy new to you too bud, but stake signing contracts with huge celebrities isn't such a bad thing after all, I means, without such partnerships or contracts, stake possibly wouldn't been as big as they are today.
So, it's actually true that such contracts do cost alot of money, but if you check it well, it still acts as investment as it has helped stake become a global brand.

But then, I do get the angle you are coming from though, Stake have achieved alot, they have alot of celebrity Ambassadors all round the world, so, you suggest that in 2024, they should come back home and focus on giving their users the best of experience?, this is something I definitely would agree to anyways, because, there are some features I find on lesser online casinos that I don't find on stake, most especially in sports betting, I hope I find time to discuss this some day, but till then, let's keep our fingers crossed for what next year (which is a few hours away) holds.

[BlackyJacky]

Do you think Stake surpassed 3 billion USD Gross Gaming Revenue in 2023?

Stake claims in 2022 it was 2,6 billion USD.

[Juggy777]

I just want to be one of the first people to wish all of you (my Stake family) a Happy New Year... here is hoping that you will win a lot of money and also for the Stake staff to be prosperous in 2024.

Let's hope the North Korean hackers will give you a break and that you have to deal with a lot less drama in 2024.    I also hope that Stake will sign less contracts with huge celebrities and Sport teams and just invest in a good gambling experience for their existing members.

Thank you for a great 2023!

Lolz, happy new to you too bud, but stake signing contracts with huge celebrities isn't such a bad thing after all, I means, without such partnerships or contracts, stake possibly wouldn't been as big as they are today.
So, it's actually true that such contracts do cost alot of money, but if you check it well, it still acts as investment as it has helped stake become a global brand.

But then, I do get the angle you are coming from though, Stake have achieved alot, they have alot of celebrity Ambassadors all round the world, so, you suggest that in 2024, they should come back home and focus on giving their users the best of experience?, this is something I definitely would agree to anyways, because, there are some features I find on lesser online casinos that I don't find on stake, most especially in sports betting, I hope I find time to discuss this some day, but till then, let's keep our fingers crossed for what next year (which is a few hours away) holds.

@Kakmakr that’s a hilarious wish but to be relevant in this industry they need to sign more celebrities and continue finding ways to reach new audiences. However you’re right too because if they don’t make it a good experience then user’s will drop out faster hence I’m sure that the team will be listening to constructive feedback and hopefully implement the same.

[terciduk123]

-snip-

Agree, people still can be paranoid ~XD

Yep, Eddie had said that in one of his weekly stream a long time ago.

To bad, because they can drain out more money and get more profit by putting the fee exchange at least minimum 5%. IMO, the reason why they really avoiding these don't want player meet minimum withdraw by exchanging all balance from different coin into a single coin.

The problem is, I think if they want to offer exchange they would need yet another license.
And licensing is already an issue for stake obviously. Also money laundering issues would play a role in that.
There are plenty of sites where you can exchange your coins, even without verification and for a reasonable price. No need to do that at a casino in my opinion.

Why exchange facilities need on gambling site? A gambling site needs large enough servers to store various games and user data and have to update them constantly, so if they want to have exchange facilities as well, their site may be down at times and on the other hand they will need a license.  So gambling sites avoid it.  And I personally don't think a gambling site should have exchange facilities.  Although if it was we could avoid withdrawal fees by selecting other coins while withdrawing.

Betting sites with exchange features seem interesting, because when tired of a particular coin can switch to gambling another coin, besides it can also be a solution when making coin withdrawals to be cheaper and faster.
The exchange is not a general exchange like Binance, Gate and Kucoin. Unless it's just a feature for swapping a particular token/coin to another, it may be added with some specific requirements to use this feature. So that the exchange feature on the betting site is different from the exchanges in general.