Stake Casino takes a first deposit in Bitcoin, Ethereum, Litecoin or a dozen other cryptocurrencies, and the welcome offer you can unlock depends on which code you use when you create the account. A 3.5% rakeback on house edge applies to every game played and comes with no minimum deposit, while the alternative is a 200% bonus up to $200 that has to be wagered 40x on the bonus amount only. The code has to be entered within 24 hours of registration, so the sign-up form is where the decision is made.
Medium Rare N.V. holds the Curaçao licence behind the international site, and players in Canada can read more about how the brand works at stake-official.ca. The account itself takes a couple of minutes to open, and the first withdrawal is where identity documents come in.
What the sign-up and welcome offer involve
- Welcome offers: 3.5% rakeback on house edge with a valid affiliate code inside 24 hours, or 200% up to $200 with a 40x wagering requirement on the bonus amount (code: askstake).
- Minimum deposit: none required for the rakeback welcome offer.
- Library: 4,334 games from providers such as Hacksaw Gaming, Evolution Gaming, NetEnt, Play’n GO and Nolimit City, plus Stake Originals like Plinko, Mines and Crash.
- Payments: Bitcoin, Ethereum, Litecoin, Dogecoin, Tether and other coins, alongside VISA, Mastercard, PayPal and bank transfer.
- Licence and operator: a Curaçao licence held by Medium Rare N.V., which is not from Canada.
Opening an account and funding it, step by step
- Register on the site with your email address and a password, or through a linked account, and enter the affiliate code in the field provided before you confirm. The 24-hour window for the rakeback offer starts at account creation.
- Choose your welcome offer. The rakeback route needs no deposit and pays 3.5% of house edge back on every game. The 200% up to $200 route requires the code askstake and puts the bonus under a 40x wagering requirement.
- Set your deposit, session and loss limits in the account settings before the first payment. Doing it now means the first deposit starts inside limits you chose in advance.
- Open the cashier and pick a method. Cryptocurrency deposits arrive with no fees, and the fiat options include VISA, Mastercard, PayPal, Google Pay, Apple Pay, SEPA and bank transfer.
- Send the funds and confirm the balance in the cashier. No minimum deposit applies to the rakeback welcome offer.
- Play through the offer terms before you request a withdrawal, and have your identity documents ready for the verification step that comes with the first cash-out.
Where first deposits and codes go wrong
- Missing the 24-hour window: the rakeback offer unlocks with a valid affiliate code inside 24 hours of account creation, so a code entered later does not apply.
- Reading the wagering requirement the wrong way: the 40x applies to the bonus amount only. A hypothetical $100 deposit at the 200% rate gives a $200 bonus and $8,000 of wagering, which is a long way from a quick cash-out.
- Assuming deposits and withdrawals are equally open: no KYC is required for initial deposits, but verification is required for withdrawals, and players have reported account suspensions and verification issues.
- Expecting a way around the verification: player reports describe difficulty with the verification process, so documents sent early save time later.
- Forgetting limits: nothing in the sign-up flow forces you to set them, and the account settings are the only place to do it.
The cheapest route into the site is the rakeback offer: no minimum deposit, no wagering requirement, and a return on every game played. The 200% bonus looks larger on the cashier screen, but the $8,000 wagering figure on a $100 deposit is the number that decides whether it suits you.
Gambling is for adults only, 18+, and a bonus is no reason to deposit more than you planned. Play only with money you can afford to lose, and if gambling stops being fun, free and confidential support services in Canada can help.
Questions players ask before their first deposit
Do I need a bonus code to get the welcome offer?
Yes for the 200% up to $200 offer, which requires the code askstake. The 3.5% rakeback offer also unlocks with a valid affiliate code, entered within 24 hours of account creation.
How much do I need for a first deposit?
There is no minimum deposit required for the rakeback welcome offer. The cashier lists the accepted cryptocurrencies and fiat methods, and the amount you send is your choice.
Can I withdraw before verifying my identity?
No. No KYC is required for initial deposits, but verification is required for withdrawals. The operator asks for documents case by case, and players have reported suspensions and verification problems during this stage.
What stands out at this brand for a first deposit
The rakeback welcome offer is the detail worth your attention. A 3.5% return on house edge with no minimum deposit and no wagering requirement is a cleaner proposition than a bonus that locks $8,000 of wagering onto a $100 deposit, and it keeps paying as you play rather than stopping after one cash-out. The VIP Club builds on the same mechanic: Bronze starts at $10,000 wagered, and rakeback rises with each tier.
The cashier is the other strength. Cryptocurrency deposits and withdrawals carry no fees, and the list runs from Bitcoin and Ethereum to Solana, Tether and Dogecoin. Fiat players get VISA, Mastercard, PayPal, Google Pay and Apple Pay, which covers most of what a Canadian player would look for. Everything runs in a mobile browser with no app download, so registration and the first deposit work the same on a phone as on a desktop.
We would enter the code first and choose the offer second, because the 24-hour window is the one condition that cannot be fixed afterwards.
The licence, the operator and a sensible next step
Stake Casino operates under a Curaçao licence held by Medium Rare N.V., and the brand also runs through entities in Brazil, Colombia, Mexico and Peru. None of these licences is from Canada. Before you deposit, read the bonus terms for the offer you pick, confirm the wagering base and the 24-hour code window, and check the cashier for the payment method you intend to use.
Our verdict for this angle: the sign-up is quick and the rakeback offer is the better of the two welcome routes for most players, with the verification step before the first withdrawal as the part to plan for. Set your limits at registration, keep your documents ready, and treat the 200% bonus as a commitment rather than a gift.
This text draws on what the operator states about its offers, payments and licence, and on public reviews and player reports where complaints are mentioned. We made no deposit or withdrawal ourselves. It was last updated in November 2026, and where this text and the operator’s terms differ, the terms apply.
