Stake Casino is a cryptocurrency casino and sportsbook run by Medium Rare N.V. under a Curaçao licence, with more than 4,300 games, deposits in Bitcoin and other coins, and a welcome offer that needs no minimum deposit. New players can activate 3.5% rakeback on the house edge with a valid affiliate code within 24 hours of opening an account, or take a 200% bonus up to $200 with the code askstake.

Rakeback means you get back part of what the casino earns from your bets, and it comes with no wagering requirement. The 200% bonus is different: it is bonus funds, and bonus funds carry a wagering requirement of 40x on the bonus amount only, which means you must bet that amount 40 times before the money becomes withdrawable. A page such as stake-hub.ca covers the brand in more detail, and the bonus terms decide the exact rules, so read them before you choose either offer.

Key facts for a first deposit

• Welcome offer: 3.5% rakeback on the house edge, unlocked with a valid affiliate code within 24 hours of account creation, or 200% up to $200 with a 40x wagering requirement on the bonus amount only (code: askstake).
• Minimum deposit: none required for the rakeback welcome offer.
• Payment methods: Bitcoin, Ethereum, Litecoin, Dogecoin, Tether and other cryptocurrencies, plus VISA, Mastercard, PayPal, bank transfer, Google Pay, Apple Pay and SEPA.
• Verification: no KYC for initial deposits, but KYC is required for withdrawals. KYC means you send identity documents so the operator knows who you are.
• Licence and operator: a Curaçao licence, held by Medium Rare N.V.; the licence is not from Canada.

What stands out for a beginner at Stake

The game library is the first thing a new player notices: 4,334 titles from providers such as Hacksaw Gaming, NetEnt, Play’n GO, Nolimit City, Push Gaming and Evolution Gaming. Slots like Gates of Olympus, Sweet Bonanza and Big Bass Bonanza sit next to table games (blackjack, roulette, baccarat, poker), a live casino, and Stake Originals such as Plinko, Mines, Crash and Drill. Originals are games the operator builds itself, and the brand describes them as provably fair, meaning the result can be checked against a published record.

Payments are the second strength. Cryptocurrency deposits and withdrawals are instant and carry no fees, which matters if you want to move a small amount in and out without waiting days. Fiat methods are there too, with fast fiat withdrawals and deposits listed among the brand’s strengths. The site runs in a mobile browser on iOS and Android with no app download, and all games and payment methods work there.

For a beginner, we would start with the rakeback offer rather than the 200% bonus. Rakeback pays back a share of the house edge with no wagering attached, so nothing locks your money in place, while the 200% bonus ties the bonus funds to 40x wagering before you can withdraw. That is a preference about how much freedom you keep over your own money, not a claim about which offer pays more.

Pitfalls that follow from the conditions

• KYC before the first withdrawal. Deposits go through without documents, but a withdrawal does not. Send your ID early rather than at the moment you want your money.
• Player reports of verification problems and account suspensions. Public complaints describe difficulty with the verification process and accounts frozen without a clear explanation, so keep your documents consistent with the name on the account.
• The wagering requirement on the 200% bonus. At 40x on the bonus amount only, a $200 bonus means $8,000 of bets before withdrawal. If you would rather not play that much, the rakeback route avoids the condition entirely.
• VIP rewards that shrink over time. Long-term and high-value players report reduced bonuses, and weekly bonuses are smaller than in previous years, so do not count on promotions growing as you stay.
• Games blocked by region. Some titles are not available everywhere, so check the lobby rather than assuming every game is open to you.

Set a deposit limit before your first deposit, not after a bad session. A limit is a cap you place on your own account, and setting it at the start costs nothing and keeps the first month predictable.

Gambling is for adults only, 18+. If gambling stops being fun, free and confidential support services in your country can help, and you can reach them without anyone knowing. Play only with money you can afford to lose, and treat a bonus as no reason to deposit more than you planned.

A worked example of the 40x requirement

Suppose you choose the 200% bonus and deposit $50 of your own money, an amount picked for this example. The 200% match adds $100 in bonus funds, giving you $150 to play with. The wagering requirement applies to the bonus amount only, so the figure that matters is $100, not $150.

Multiply $100 by 40 and you get $4,000. That is the total value of bets you need to place before the bonus funds turn into money you can withdraw. Bets on some games may count differently toward the requirement, and the bonus terms set out which ones and at what rate.

The same $50 with the rakeback offer has no such figure attached. You keep 3.5% of the house edge on every game you play, paid back as you go, and no amount of betting is required before you can take out what you have. For a first deposit, that difference is the one to weigh.

Who the brand suits and who it does not

Stake Casino fits players who:

• already hold cryptocurrency and want instant, fee-free deposits and withdrawals;
• prefer to play on a phone browser without installing an app;
• want a large slots and live casino library from named providers;
• like the idea of rakeback with no wagering condition attached;
• are comfortable sending identity documents before their first withdrawal.

It fits less well if you:

• want to deposit and withdraw entirely in fiat currency through familiar methods;
• expect the 200% bonus without a 40x condition on the bonus amount;
• need every game in the lobby to be open to you;
• want a bonus structure that grows the longer you stay;
• are put off by public reports of verification trouble and frozen accounts.

Check the licence, then make your first deposit

The operator is Medium Rare N.V., licensed in Curaçao, and the brand also lists entities in Brazil, Colombia, Mexico and Peru. The Curaçao licence is not from Canada. That is the plain position, and it is worth knowing before you send money anywhere.

Before your first deposit, you can check a few things yourself. Read the bonus terms for the offer you plan to use, confirm which games count toward the 40x requirement, and look at the cashier to see which payment methods are open to you. Ask customer support, available 24/7 via live chat, how verification works for your country, and set your deposit limit in account settings at the same time. Keep your ID ready so the first withdrawal does not stall.

Our verdict for a beginner: the rakeback welcome offer is the cleaner starting point, because 3.5% back on the house edge carries no wagering requirement and no minimum deposit, and the game library and crypto cashier are genuinely broad. Go in expecting to verify your identity before you withdraw, and read the bonus terms before you accept the 200% match.

This text draws on what the operator states about itself and on public reviews and player reports where those exist. We made no deposit or withdrawal ourselves, and it was last updated in November 2026. Where this text and the operator’s terms differ, the terms apply.