Stake bonus guide
How to unlock and wager the Stake welcome bonus, step by step.
$1,000 crypto welcome package. Match bonus on first deposit, plus rakeback and VIP rewards.
The full Stake bonus walk-through
The Stake bonus is simple in structure and unusual in its clearing mechanism. You deposit in crypto, Stake credits a match bonus (up to $1,000 equivalent), and the bonus clears through their VIP and rakeback system rather than through a traditional rollover.
Step 1: sign up at stake.com with an email and password (Stake supports Telegram and wallet-based signup as well, but email is cleanest).
Step 2: enter the promo code ‘NEWBONUS’ at signup or in the Settings, Offers section within the first 24 hours.
Step 3: deposit using Bitcoin, USDT, ETH, LTC, BNB or TRX. The match is applied automatically.
Step 4: play. Every wager you place earns a small rakeback credit. The credit is pooled and released weekly. The bonus clears as those rakeback pools accumulate — typically six to ten weeks for a modestly active account.
Stake does not use a traditional wagering multiplier on the welcome. What they do use is a VIP progression system where bonus money becomes real money as you climb VIP tiers. The big difference for Nigerian bettors: you cannot ‘clear’ the bonus by placing a single huge wager. It is a slower, more spread-out release.
The maths, with real numbers
Worked example: N100,000 Bitcoin deposit (roughly the local naira equivalent in April 2026). Stake matches 100% to a maximum of the published welcome ceiling.
Assumed weekly volume: 10 bets at N5,000 each (N50,000 turnover per week). Stake rakeback and VIP progression at Bronze tier is around 2% of turnover.
Weekly rakeback credit: approximately N1,000 real money released from the bonus pool.
At that volume, the full bonus clears in 10 to 12 weeks. Higher-volume players reach Silver VIP in four to six weeks, which accelerates the clearing rate materially.
Rule of thumb: if you are going to play at least 10 bets a week with average stake at 3% of bankroll or higher, Stake's bonus is one of the most fairly structured in our listing. If you are occasional, it clears too slowly to be worth the crypto learning curve.
Step 1: Open your account
Register on Stake using our link and enter code NEWBONUS during signup. Complete email or phone verification so the bonus can be credited.
Step 2: Make the qualifying deposit
Deposit at least NGN 1,500 equivalent in crypto. Stake accepts Bitcoin, Ethereum, Litecoin, USDT for Nigerian players. E-wallets clear instantly; bank transfers usually take a few minutes.
Step 3: Know the wagering rules
Bonus funds are separate from your deposit. You typically need to wager the bonus amount several times on accumulators at minimum odds before withdrawal is allowed. Read the full terms on the Stake site, and check the promo code page for current numbers.
Step 4: Keep your receipts
Screenshot your deposit receipt and the bonus email. If anything goes wrong, live chat will ask for these to fix it quickly. This is basic but it saves headaches.
Common mistakes to avoid
- Forgetting to enter the promo code at signup. You usually cannot add it later.
- Betting on sports that do not qualify for the bonus (often virtuals and some niche markets).
- Making a second deposit before the first bonus is cleared.
- Withdrawing part of your balance before meeting wagering, which voids the bonus.
Ready?