How to Deposit on Stake with Kraken

Step-By-Step Guide To Deposit On Stake With Kraken

Step 1: Creating Your Stake Account

Start your journey by setting up a new Stake account, a simple yet crucial first step.

1. Visit Stake’s official website.
2. Click on the ‘Sign Up’ button.
3. Fill in the required details, such as your email address and a strong password.
4. Verify your email address by clicking on the link sent to your email.

Remember, when you deposit €20 as your first deposit, you’ll receive an additional €30 as a welcome bonus.

Step 2: Securing Your Kraken Account

Enhance the safety of your Kraken account with robust security measures to protect your investments.

1. Log into your Kraken account.
2. Enable two-factor authentication (2FA) for added security.
3. Verify your identity on Kraken if you haven’t already, as this is often required for withdrawals.

Step 3: Buying Cryptocurrency on Kraken

Learn how to navigate Kraken’s platform to purchase your desired cryptocurrency efficiently.

1. Significance: You need to have cryptocurrency in your Kraken account to transfer to Stake.
2. Navigate to the ‘Buy Crypto’ section on Kraken.
3. Select the cryptocurrency you wish to purchase (e.g., Bitcoin, Ethereum).
4. Choose your payment method and complete the purchase.

Step 4: Withdrawing Crypto from Kraken to Stake

Understand the process of securely transferring your cryptocurrency from Kraken to your Stake account.

1. Significance: This step involves transferring your crypto from Kraken to your Stake wallet.
2. On Stake, go to the ‘Wallet’ section and select ‘Deposit’.
3. Choose the cryptocurrency you’re transferring from Kraken.
4. Copy the deposit address provided by Stake.
5. Go back to Kraken, navigate to ‘Funding’, and select ‘Withdraw’ for the chosen cryptocurrency.
6. Paste the Stake deposit address and specify the amount you wish to transfer.
7. Confirm the transaction.

Step 5: Confirming the Deposit on Stake

Complete your transaction by verifying the deposit on Stake, ensuring your funds are successfully transferred and ready for

1. Significance: The final step is to ensure that your funds have safely arrived in your Stake account.
2. Wait for the transaction to be processed. This could take a few minutes to a few hours, depending on the cryptocurrency and network congestion.
3. Once the transfer is complete, you will see the funds in your Stake account.
4. You can now start exploring and enjoying the games on Stake!

Important Tips

• Always double-check the deposit addresses. Sending crypto to the wrong address may result in the loss of funds.
• Be aware of withdrawal fees and minimum withdrawal amounts on Kraken.
• Remember that cryptocurrency transactions are irreversible.

Frequently Asked Questions

How long does it take for a transfer from Kraken to Stake to complete?

It varies depending on the cryptocurrency and network congestion, but it typically takes from a few minutes to a few hours.

Can I withdraw my winnings back to Kraken?

Yes, you can withdraw your winnings to Kraken by providing your Kraken deposit address in the withdrawal section of Stake.

Is it safe to transfer crypto from Kraken to Stake?

Yes, as long as you ensure the deposit address is correct and your accounts are secure, it is safe.

Bonus Time Conclusion

Congratulations! You now know how to deposit on Stake using Kraken. With this knowledge, you’re all set to dive into the exciting world of online gaming with the added benefit of using cryptocurrency. Enjoy your gaming experience on Stake, and don’t forget to make use of the €30 welcome bonus when you deposit your first €20. Happy gaming!