Total Staked Betting – Is It Legal?

Can I Stake Bitcoin or Ethereum On Mobile Games?

Mobile game players have plenty to look forward to, as it seems that every week there is at least one new slot title that comes out. Providing them with hours of entertainment, while also offering the opportunity to win some extra spending money, is the purpose behind these games. But what happens when you’re playing on a casino website, and you have more money to waste than usual? Perhaps wishing to stake some of their winnings on a more lasting entertainment experience, players might decide to try out total staked betting. Is this type of wagering legal?

While it is a relatively new innovation to have a game that allows you to stake money, the concept behind it is actually very old. Having been around since the 1960s, the idea of having a bonus game or an additional wager, in which you could win more money, has always been appealing to game players. With the introduction of blockchain technology, and the popularization of cryptocurrencies, this type of betting has become more convenient, as players can now do so with less worries of being scammed, as there are no real-life connections made in transactions.

If you’re looking for a way to spend your free time, and want to try out an innovative new game that’s worth exploring, you could always give total staked betting a go. Especially if you’re playing on a legitimate casino website that’s regulated by a government entity, you can be sure that your winnings will be safe and that you will not lose any money.

Types Of Staking

Depending on how long you’re willing to wager in total, there are various types of staking available when playing on a casino website. Short-lived staking, where you wager for a few minutes before the game ends, is quite popular, as it provides a little taste of what the game is like, while also offering the opportunity to win some extra spending money. For those wishing to stake for longer, there are long-term staking, where you put down a fixed amount of money, and then allow the game to run its course, and final-stake staking, where you put down a lump sum, and then continue to wager as the game goes on, with the possibility of winning more money, if successful.

The most reliable form of staking is long-term staking, as the concept behind it is to allow the game to run its course, without any premature ending. This minimizes your risk of losing money, as you won’t risk forfeiting your stake if the game is unexpectedly, or prematurely, ended. In some cases, this can mean the difference between a profit, and a loss, when playing on a casino website. Especially when playing for high stakes, this could end up being a vital precaution.

Is It Possible To Stake Ethereum Or Bitcoin On Mobile Games?

Even though mobile game players have plenty to look forward to, as it seems that every week there is at least one new slot title that comes out, it would be a shame not to take advantage of another, emerging form of entertainment. Specifically, it would be a shame not to try out the very popular cryptocurrencies, Ethereum and Bitcoin, as there are several mobile games that allow for staking.

One of the latest blockchain games to offer this option is Satoshi’s Dice. The game allows players to gamble on the outcome of various coin flips. Simply put, you get to roll a six-sided die, and if you get a result that’s equal to or greater than the sum of your bet, then you win. You can then choose to stake your winnings (in bitcoin or ether), in order to get access to special events, or you can leave them untouched. If you choose to stake, then the game will lock in your winnings for the remainder of the bettime.

It’s a game that’s easy to learn, and even easier to play. In many cases, it’s possible to determine the outcome of a coin flip before the game has ended. This makes for some exciting moments, when you realize that you’ve just won, or lost, a large sum of money.

Another option is DontPayCards. The game works similarly to Satoshi’s Dice, but instead of rolling dice, you’re clicking on cards, one at a time, until you get a poker hand that beats the dealer’s hand. In some cases, you can win money just by playing, in other cases, you’ll need to stake in order to get the same payout. Like many other blockchain games, DontPayCards has a freeroll mode, where stakes are not needed, in order to generate some entertainment value for users. While this is a fairly new development, and it’s a pity that many online casinos still don’t offer this option, it’s clear that more and more websites are going to adopt this approach, as it provides their users with a level of freedom and flexibility that they might not experience otherwise.

BitGrail is a game that’s also available on the Apple App Store. It’s a blackjack game, where you can bet on the outcome of a single card game. Similar to DontPayCards, you can win without needing to stake, but if you choose to, then you’ll have the opportunity to win large sums of money, as this game offers high ceilings, along with high volatility.

While it might not be possible to stake Ethereum or Bitcoin on mobile games, it is possible to bet on the outcome of famous sporting events, using the cryptocurrencies that we’ve just discussed. Specifically, it’s possible to bet on the outcome of the next NBA game, using the betting application, Bitspin. Simply download the app, make a deposit using one of the supported cryptocurrencies, and then make your wager. The majority of the online casinos that we review have now enabled, or will soon enable, this functionality.

Is It Possible To Use My Bank Account On A Mobile Game?

As we’ve established, many online casinos have already enabled the ability to stake cryptocurrency on their games. However, this isn’t necessarily the case for all banks. As mentioned by the Financial Crimes Enforcement Network, which is a government agency that regulates financial activities relating to money transmissions and the use of electronic payment systems, it is illegal to use a bank account as a means of payment, unless the bank allows for this type of operation.

If you decide to make a deposit on a mobile game, using a credit card or a PayPal account, then it’s possible that the site’s management might report you to your bank for using a fraudulent credit card. However, if the purpose of your deposit is to gamble, and you don’t mind being reported to the bank, then you have no other choice but to use a bank account. Thankfully, most banks today offer support for gambling activities, so you shouldn’t encounter any problems.

Is It Possible To Deposit Bitcoin Or Ethereum Using Cash?

If you want to deposit funds onto a mobile game, using something other than a credit card or PayPal, then you’re out of luck. Most online casinos only accept these forms of payment, as there are additional benefits for doing so. For instance, there’s no need to go through the lengthy and sometimes frustrating process of having your bank account credited with the amount of money you’ve deposited. Simply put, if you choose to use a credit card or PayPal, then the site’s management will contact the company, and the company will take care of the rest.

Overall, it’s quite clear that the need for speed has always been a driving factor for most people, who are into online gambling. With the emergence of the cryptocurrency craze and the opportunity to wager using one of these digital assets, it seems that this need for speed has reached a new height. After all, who wouldn’t like to be able to access their bank account, from the comfort of their couch, whenever they want? Simply put, most online casinos now allow for this type of functionality, as the ability to deposit and withdraw using cryptocurrencies has become a significant advantage for many sites, as it provides them with more flexibility and additional security.