Buy crypto directly from Stake

[KiXxnTRiXx]

So, i think Stake should implement a system so that we could buy cyptocoins directly from the website that would accept  debit/credit/prepaid as form of payments. Having to buy it from a different source is not only costy, at times, also time consuming trying to find a trusted and reliable source.. what do you guys think? Would it even be possible to do?

[stevej19]

Good idea only the rules about buying cryptocurrency are different per country. But there will be solutions for that  NICE idea!

[blueprints]

The main issue would be dealing with chargebacks and scammers and probably licensing too. Im sure they make enough money already from us playing so it would probably seem unnecessary to them. 

[stevej19]

 

The idea would be almost impossible to implement, but if it could, it would be fun

[Kate]

That is a nice idea but it has already be mentioned and one of the hard things would be fake accusations by scammer who just want to accuse the site for a scam. Second of all if the process doesn't go through well then people would open millions of support tickets which would give the support team a headache because they can't reply to millions of tickets in a day they need some rest. 

[blueprints]

Just now, Kate said:

That is a nice idea but it has already be mentioned and one of the hard things would be fake accusations by scammer who just want to accuse the site for a scam. Second of all if the process doesn't go through well then people would open millions of support tickets which would give the support team a headache because they can't reply to millions of tickets in a day they need some rest. 

Oh yes this is also true, They would have more support tickets to deal with. Thats the main thing that keeps them busy. 

[williamshennie9]

I remember this was discussed before somewhere. Basically the big reason why this will not happen is due to this being an anonymous casino. By using your bank cards, you disclose your identity, and also the second reason is that licensing, fees, compliance, and other logistics just make it not worth it to accept bank cards to purchase bitcoin directly from Stake.

[Snike]

This would make stake into a casino exchange with a lot of trouble. I think stake will focus on their sportsbook for the next few months so that is no where close to being fullfilled. I dont think stake wants to be an exchange. The marketplace was something like that before and brought a lot of trouble...

[hillowner45]

I don't understand the need for it? You can easily EFT money into your account in an exchange and get crypto with little to no fees. With a debit card you're looking at 5%+ in fees and probably a conversion fee as well. Its quicker no doubt, but is it worth the extra fees especially when you are purchasing a large amount of crypto. And coinbase takes debit card already anyway.

[bmg]

i think that its a great idea to have something like that at stake  but i dont ever see it happening

[wngo123]

It will simply not happen. This is not currency exchange site. They would need to invest a lot of money and I imagine there would be people coming here just to exchange currency and not playing, so they would use it as exchange instead of gambling. I don't think they would ever introduce that. The whole idea of the site is that they don't need to deal with "real currencies", so the don't need to worry about the rules of specific countries about currency exchange etc. 

[meggiemegs]

If they seem to have no plans of doing any kind of crypto exchange system on the site I really don't ever see this becoming.  I am sure this would be cool for some people but yeah won't happen lol. Their are plenty of places to buy for most so I don't think it really is needed anyways.

[LQID]

Yeah it would be nice to have PayPal on stake everything would be more easier with withdrawing/depositing.

I hope one day they will include PayPal on stake.

For now let's just hope for it 😜

- LQID 😜😂

[Dan]

We would require licensing for a financial service. Something that is not possible if we would want to continue providing an anonymous gambling service.

[DviouS]

Aww.. well.. it sounded like a good idea anyways  They let casino's have an atm machine.. must be some kind of work around on this.. maybe a diff site that is owned by stake, but connected... so you can purchase coins there, and then move them, kinda like you do forum funds.. just a thought.

[Kate]

3 minutes ago, DviouS said:

Aww.. well.. it sounded like a good idea anyways  They let casino's have an atm machine.. must be some kind of work around on this.. maybe a diff site that is owned by stake, but connected... so you can purchase coins there, and then move them, kinda like you do forum funds.. just a thought.

Well then what's the difference ? It's basically the same thing of doing it through an exchange. If you buy from an exchange to gamble then you should deposit into the site just like what normally people would do. It would be a same thing there would be no difference.  If stake creates a site to buy cryptos then they still need to get a license for it. 

[Mochiko]

This idea is absolutely right we just need to wait what can they do 😊 

[Flan]

Don't implement all things about crypto into Stake. A site has a limit to bring some features. Stake is a gambling site, not trading site. A gambling site will run features like new games, or improvement on the site that related to gambling. They wouldn't care about how do you get the bitcoin. They only offers platform, which means is online gambling site.

 

[wry]

16 hours ago, Dan said:

We would require licensing for a financial service. Something that is not possible if we would want to continue providing an anonymous gambling service.

For reasons that Dan stated this is simply impossible.  I've never seen a gambling site offer an exchange for credit/debit cards.  I think the best that can be hoped for is an exchange between crypto, something that is now furnished by third parties.

Good Luck!

[neich]

would be awesome.

for me that means : no more vgo exchanging

[Etude]

I guess on first impression it seems to provide certain convenience but since Dan has represented and declared Stake's stance on this matter I guess it is not happening.

[davinmark]

Hmm well thats a good idea, when we can pay cryptos from Stake, i think we dont have to pay the taxes or fees especially taxes from my country

[Mlc]

My opinion would be against it , if I could freely buy crypto on stake I would likely bankrupt myself , the only reason I haven’t yet is because it’s time consuming and rather a pain in the ass if I’m honest buying crypto currency to deposit on stake the whole process take forever , which is good because I am lazy and refuse to go through the hassle more than absolutely necessary, plus you would need to verify your id and everything  to withdraw your funds according to the law , therefore the appeal of stake being “anonymous gambling at its best” would be a mute point ,..... ❤️

[Kate]

On 11/22/2018 at 5:23 PM, blurrijs said:

nice idea but as someone else said there would be alot of people chargebacking and stake couldn't do alot about that. it would be bad for the site always losing money because of them

This only happens in Paypal not in credit cards I think because to pay online tou need OTP and pin too so I guess they can't chargeback.

[Shaniqua]

On 11/22/2018 at 10:20 AM, Etude said:

I guess on first impression it seems to provide certain convenience but since Dan has represented and declared Stake's stance on this matter I guess it is not happening.

and with that being said, i think this topic should be closed and locked =P    
the reasons Dan has declared it is not happening by relaying stakes stance on the matter... is not really our concern.
it is their business and not ours to meddle in, we may suggest but not probe..