Largest Bitcoin Online Casino

Introduction

In the fast-evolving world of cryptocurrency, few names stand out as prominently as Stake Casino, the largest online crypto casino globally. Co-founded by Ed Craven, a 29-year-old Australian, and Bijan Tehrani, a 31-year-old U.S. native, Stake has grown from a niche concept to a gaming giant, boasting a staggering $4.7 billion in gross gaming revenue last year alone.

Despite the absence of crypto gambling in regions like the United States and United Kingdom, and much of Europe, Stake's success has been unparalleled, propelling Craven to the prestigious Forbes 2025 list of youngest billionaires.

What sets Stake apart in the booming world of crypto casinos is its innovative blend of traditional casino games such as slots, blackjack, and roulette with the modern appeal of cryptocurrencies.

As players shift toward digital currencies for their gambling activities, Stake provides a seamless and secure experience, backed by the speed and anonymity that blockchain technology offers.

Crypto casinos, in general, have surged in popularity due to their ability to offer instant transactions, lower fees, and access to a global audience without the limitations of traditional banking systems. This has made them particularly attractive to a new generation of players seeking faster and more flexible betting experiences.

With a net worth of $2.8 billion, Craven’s story is a testament to the immense potential of crypto casinos. Stake’s lightning-fast rise not only highlights the growing acceptance of digital currencies in gambling but also underscores the evolving landscape of the online gaming industry as a whole.

As the market for cryptocurrency continues to expand, so too does the allure of platforms like Stake Casino, setting a new standard for the future of online gambling.

How Ed Craven and Bijan Tehrani Met: The Origins of Stake Casino

The story of Ed Craven and Bijan Tehrani’s partnership began in the unlikeliest of places—online. As teenagers, the two enterprising individuals crossed paths while playing Runescape, a classic online video game that was immensely popular in the early 2000s.

While most players were focused on quests and battles, Craven and Tehrani devised a clever way to make money: by allowing players to wager in-game gold coins on fights between each other, a system they dubbed "staking." The venture was initially profitable, but it didn’t last long; reportedly, the platform’s creators didn’t look too favorably upon the scheme, eventually forcing the duo out of the game.

This entrepreneurial spark led Craven and Tehrani to formalize their partnership in 2016 by establishing Easygo, a company focused on creating games for online casinos. Their collaboration culminated in the creation of Stake Casino, which was officially launched in 2017.

What began as a small online gaming venture quickly grew into the world’s largest cryptocurrency-based casino, propelling both men to financial success. Their shared vision and background in digital entertainment laid the foundation for Stake’s global reach, transforming online gambling and setting new standards for the industry.

The Explosive Growth of Stake Casino and Strategic Investments

Stake Casino's revenue growth has been nothing short of extraordinary. In 2020, the company reported $105 million in gross gaming revenue, a solid achievement for an emerging brand in the crowded online gambling industry.

However, this figure skyrocketed in just two years, reaching nearly $2.6 billion in 2022, as reported by the Financial Times. This explosive growth was driven by a combination of innovative marketing strategies, high-profile sponsorships, and Stake's positioning as the first truly global, crypto-only gambling platform.

As Nigel Eccles, the founder of FanDuel, points out, Stake’s aggressive marketing played a crucial role in its rapid rise, as did its ability to tap into a new demographic of young, risk-taking bettors.

To fuel its expansion, Stake made bold investments in brand recognition. One of the most notable moves was a $12 million annual jersey sponsorship deal with an English Premier League team, which catapulted the brand into the mainstream sports world.

Additionally, Stake committed a massive $100 million over three years for the naming rights to a Formula 1 team, further cementing its presence in high-profile, global events. These investments not only promoted the brand but also helped Stake appeal to a younger audience that resonates with the thrill of both sports and gambling.

This demographic is epitomized by Stake's brand ambassador, hip-hop superstar Drake, who represents the company’s image of a young, male sports enthusiast with a high tolerance for risk.

In addition to sponsorships, Craven and Tehrani capitalized on the relatively unregulated nature of crypto gambling at the time. By operating in offshore jurisdictions like Curaçao, where licensing costs are lower, they were able to avoid some of the regulatory challenges faced by traditional casinos.

Over time, however, Stake began to shift its focus. While it started as a crypto-only platform, the company now finds that about 70% of its bets are placed using traditional fiat currencies. Craven believes this pivot has opened new growth opportunities, especially in regions where cryptocurrency adoption is still low.

Beyond gambling, Craven and Tehrani’s entrepreneurial vision expanded further with the launch of Kick, a streaming service designed to rival giants like Twitch and YouTube. The platform quickly attracted millions of users, including streaming of Stake’s games.

 Though Stake remains the larger and more profitable of the two ventures, Craven's active involvement in Kick shows his ambition to build another global brand. Through these investments and pivots, Craven and Tehrani are positioning themselves not just as leaders in online gambling, but as pioneers in the broader entertainment and tech industries.

Discover Stake Casino: A Leading Global Platform for Crypto and Traditional Betting

Since its launch in 2017, Stake Casino has become a major player in the online gambling industry, offering a comprehensive array of gaming options for players worldwide. Operating in 15 different languages, Stake caters to a diverse, global audience by providing a reputable and secure platform for both traditional currency and cryptocurrency betting.

Whether you’re into classic online slot games, live casino experiences, or betting on sports, Stake has something for every type of gamer.

One of Stake’s most appealing features is its flexibility in payment options. In addition to accepting a wide variety of local currencies, the casino is renowned as the world’s leading crypto casino, supporting 20 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC). This extensive range of digital currencies allows users to bet in their preferred crypto, ensuring a seamless and efficient betting experience.

Stake’s platform is also licensed by the Curaçao Gaming Control Board, which adds a layer of security and trustworthiness to its operations. The casino is regulated under the Certificate of Operation issued to its parent company, Medium Rare N.V., and adheres to strict anti-money laundering policies as a Crypto Gambling Foundation verified operator.

Stake’s game selection is vast and diverse, catering to both casual players and seasoned gamblers. The casino features a variety of popular games, including classic favorites like Blackjack, Roulette, Poker, and Baccarat.

In addition, it offers exclusive Stake Originals, which provide unique and engaging gameplay experiences. Stake works with esteemed iGaming providers such as Pragmatic Play, Hacksaw Gaming, and Evolution, ensuring that players enjoy high-quality graphics and smooth gameplay.

For sports enthusiasts, Stake Sportsbook is a key attraction, offering competitive odds on a wide range of major sports events, including football, basketball, and eSports like Dota 2 and CS:GO. The platform even allows users to place live bets and stream events directly on the website, making it a one-stop-shop for all sports betting needs.

Stake also offers an enticing VIP Club for its most dedicated players. The club includes weekly and monthly bonuses based on recent gameplay, as well as personalized attention from a dedicated VIP host. With the ability to level up and unlock additional benefits, such as bespoke rewards and money-back offers on losses, the VIP Club elevates the gaming experience for loyal users.

With its secure platform, diverse betting options, and constant stream of promotions, Stake Casino has established itself as a dominant force in both the crypto and traditional online gambling spaces.

The Stake Vault: A Secure Way to Store Funds at Stake Casino

The Stake Vault offers an additional layer of protection for your funds, making it an essential feature for players at Stake Casino.

Whether you’re engaging in online casino games or placing sports bets, the Vault acts as a secure, convenient place to store your funds—both traditional currencies and cryptocurrencies—without worrying about transaction fees or blockchain delays.

 It’s available to all Stake users, whether you’re a seasoned bettor or a newcomer, and helps to ensure your assets are protected and accessible at all times.

➡️ How Do You Access the Vault?

Accessing the Vault is simple, and it can be done from both desktop and mobile devices. Follow these easy steps to get started:

1. Log in to your Stake Casino account with your credentials.
2. Navigate to the main user menu from the homepage.
3. Go to Account > Vault.
4. Set up your security features, such as enabling two-factor authentication (2FA) to safeguard your account.
5. Deposit funds into your Vault from your Stake balance.

Once set up, the Vault provides a secure environment to store your funds. It operates much like a digital wallet or even a savings account, offering peace of mind by keeping your money safe while you enjoy your favorite games or place bets on sports events.

✅ Benefits of Using the Vault:

• Enhanced Security

The Vault is protected by 2FA, providing an extra layer of security beyond regular login protections.

• Multiple Currency Support

You can store both local currencies and cryptocurrencies, allowing you to manage your funds in various forms.

• Instant Access to Funds

Withdraw your funds to your Stake Casino balance instantly—no transaction fees or delays.

• Exclusive Promotions

Receive special prizes, bonuses, and giveaway rewards securely within your Vault.

• Seamless Gameplay

You can access your funds instantly for gameplay, whether it’s slots, live casino games, or sports betting.

• Long-Term Storage

There’s no time limit for storing funds in your Vault, as long as your Stake account is active, making it an excellent place for long-term savings.

• No Blockchain Delays

Unlike typical cryptocurrency transactions, the Vault offers faster access to your funds without the usual delays associated with blockchain payments.

The Stake Vault is an essential tool for any user looking to protect their funds while enjoying all that Stake Casino has to offer. With its robust security features, user-friendly interface, and ability to store multiple currencies, the Vault ensures your funds are safe and easily accessible whenever you need them.

Whether you’re enjoying promotions & bonuses, accessing exclusive rewards, or making seamless withdrawals, the Vault enhances your overall betting experience.

The Immense Popularity of Crypto Casinos

Crypto casinos have become increasingly popular due to several key advantages they offer over traditional online gambling platforms.

One of the primary reasons for their rise is the ability to bypass banking institutions, which can be a barrier in regions with limited or no access to conventional financial services.

Crypto casinos allow players in unbanked or underbanked areas to participate in online gambling simply by using a digital wallet and an internet connection, without needing a bank account or credit card.

Another significant advantage is anonymity and privacy. Cryptocurrencies add an extra layer of security, protecting players’ personal information and winnings. This is particularly valuable in regions with high crime rates, where players may wish to remain anonymous to avoid becoming targets.

Additionally, crypto transactions are faster than traditional banking methods. Unlike bank transfers, which can take days, crypto transactions occur almost instantly, allowing players to deposit and withdraw funds without delays, regardless of the time of day or day of the week.

Crypto casinos also benefit from lower transaction fees, allowing more money to stay with the player. Traditional payment methods often come with various processing fees, but crypto transactions are generally cheaper, saving users money over time.

As a result, these casinos are able to offer better bonuses, including higher welcome bonuses, cashback rewards, and exclusive perks for crypto users. Furthermore, chargebacks are not possible with crypto, which eliminates potential fraud issues and encourages casinos to offer more generous rewards.

Lastly, crypto casinos are often available in regions with strict gambling laws, providing players in countries where gambling is restricted a workaround to continue betting online. This flexibility, combined with a wider variety of accepted cryptocurrencies, has made crypto casinos an appealing option for both international players and those seeking more privacy and convenience.

What Should Players Keep in Mind When Selecting a Crypto Casino?

When selecting a crypto casino, players should consider several crucial factors to ensure a secure and enjoyable gaming experience.

✅ Licensing & Regulation

Licensing and regulation are paramount, as playing at a licensed casino guarantees that the platform adheres to fair practices, secure transactions, and reliable payouts. Without proper licensing, players risk exposure to fraudulent activities and unregulated operations. Always verify the license displayed on the casino's website through the respective licensing authority to ensure its legitimacy.

✅ Game Variety

Game variety is another important consideration. A broad selection of games, including popular slots, table games like blackjack and roulette, live dealer options, and even exclusive titles, keeps players engaged and ensures a dynamic gaming experience. Top-tier game providers like NetEnt and Pragmatic Play are often indicators of quality and reliability.

✅ Payment Methods

When it comes to payment methods, crypto casinos offer advantages such as faster transactions and increased privacy. Look for platforms that support well-known cryptocurrencies like Bitcoin, Ethereum, and Litecoin, and ensure that secure encryption protocols are in place to protect transactions. For those new to crypto, some casinos also allow fiat-to-crypto conversions, though watch out for additional fees on these conversions.

✅ Bonuses & Promotions

Bonuses and promotions can significantly enhance your gaming experience. Look for casinos offering generous welcome bonuses, no-deposit promotions, and free spins, but always read the terms and conditions. Pay attention to wagering requirements and expiration dates, which can affect the real value of the bonuses.

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✅ Customer Support

Additionally, customer support should not be overlooked. Ensure the casino offers responsive and knowledgeable support through multiple channels, such as live chat and email, available 24/7.

Finally, user reviews and ratings from trusted sources can provide valuable insights into the casino’s reputation, helping you avoid platforms with delayed payouts or poor customer service. By considering these factors, players can make an informed choice that aligns with their gaming preferences and needs.

Have fun exploring Stake Casino and other crypto-friendly platforms & gamble responsibly!

Written by: Michael Shackleford