We’ve tried our hand at many cryptocurrency casinos over the years, and depositing and withdrawing is not always as easy as it seems.
These gambling platforms allow users to deposit and withdraw funds using cryptocurrencies like Bitcoin, Ethereum, and Litecoin, which can provide numerous benefits over traditional payment methods. But there are some hidden tips, tricks, and barriers that never seem to be addressed.
In this article, we will be taking a closer look at one such casino: Stake.com. Specifically, we’ll explore the deposit and withdrawal options available to players on this platform and share our experiences with Stake’s payment system.
So, if you’re thinking about trying your luck at a Stake casino, read on to learn more about what to expect when it comes to making deposits and withdrawals.
Table of Contents
- How to deposit cryptocurrency at Stake
- How to withdraw cryptocurrency at Stake
- Notes and issues
- Stake casino verification
- Cryptocurrency transactions at Stake
How to deposit cryptocurrency at Stake
- Create and verify your Stake account
- Head to your Stake.com wallet
- Choose your cryptocurrency of choice
- Copy your Stake deposit address
- Head to your personal wallet and paste the wallet address
- Choose how much crypto you want to send
- Click send and wait for your deposit to reflect on Stake.com
Step 1: Create and verify your Stake account
Start off your depositing journey by heading to Stake, creating an account, and verifying your email address.
Step 2: Head to your Stake.com wallet
You can then head to your wallet, located in the top center of your navigation header.
Step 3: Choose your cryptocurrency of choice
From there you will be prompted to choose your preferred currency. Be sure to make sure you are choosing the blockchain network for your chosen cryptocurrency. ETH has two network options, and USDT has three. We choose the classic cryptocurrency, Bitcoin.
Cryptocurrencies accepted by Stake casino include
Step 4: Copy your Stake deposit address
You will then be prompted to either copy your designated deposit address or scan the provided QR code.
Step 5: Head to your personal wallet and paste the wallet address
Open up your personal crypto wallet which you will be sending funds from. Select to send funds and paste your designated deposit address, or scan the QR code from the scanner within your personal crypto wallet.
Step 6: Choose how much crypto you want to send
Once you have pasted or scanned the address or QR code, you will need to input the amount of cryptocurrency you want to send. This is a casino with no minimum deposit, and the only fees you will have to pay are the network fees.
Step 7: Click send and wait for your deposit to reflect on Stake.com
Once you have confirmed all your payment information, hit send and wait. Stake only requires 1 of 3 network confirmations to reflect in your account balance, although this may differ from network to network. Once you have received your deposit, you can get gambling at Stake casino.
How to withdraw cryptocurrency at Stake
- Head to your Stake wallet and click withdraw
- Choose the cryptocurrency balance you want to withdraw from
- Enter your personal wallet address you want to withdraw to
- Enter the amount you want to withdraw
- Click withdraw
- Enter the code you receive via email to confirm your withdraw
- Wait for your withdrawal to be processed
Step 1: Head to your Stake wallet and click withdraw
When you are ready to withdraw your winnings, or simply want to take out the money you put in, Stake makes it reasonably simple. Head back over to your wallet, which is located in the top center of the website navigation, and click withdraw.
Step 2: Choose the cryptocurrency balance you want to withdraw from
Make sure you have chosen the correct cryptocurrency payment method and network you want to process your withdrawal through.
Step 3: Enter your personal wallet address you want to withdraw to
Players must then enter their personal wallet address to which they want to send their funds.
Step 4: Enter the amount you want to withdraw
You can then enter the amount you want to withdraw. Players must note that there are minimum withdrawal amounts and fees associated with withdrawing.
The minimum withdrawal amounts and fees are as follows:
|BTC||0.0002 BTC||0.00007 BTC|
|LTC||0.04 LTC||0.0005 LTC|
|ETH||0.004 ETH||0.0005 ETH|
|BCH||0.02 BCH||0.00001 BCH|
|DOGE||30 DOGE||1.5 DOGE|
|XRP||20 XRP||0.0001 XRP|
|TRX||30 TRX||1 TRX|
|EOS||2 EOS||0.1 EOS|
|BNB||0.015 BNB||0.0002 BNB|
|USDT||2.5 USDT||1 USDT|
|USDC||2.5 USDC||1 USDC|
|APE||0.96899 APE||0.155 APE|
|BUSD||2.5 BUSD||0.8 BUSD|
|CRO||39.26 CRO||6.28 CRO|
|DAI||2.5 DAI||0.8 DAI|
|LINK||0.709 LINK||0.11347 LINK|
|MATIC||6.117 MATIC||0.9784 MATIC|
|SAND||4.67289 SAND||0.748 SAND|
|SHIB||370645 SHIB||59347 SHIB|
|UNI||0.683 UNI||0.109 UNI|
Step 5: Click withdraw
Once you have confirmed your wallet address, cryptocurrency of choice, and the amount you want to withdraw; click withdraw.
Step 6: Enter the code you receive via email to confirm your withdraw
A code will then be sent to your email address, enter it on Stake to confirm your withdrawal request. All that’s left now is for your transaction to be processed.
Step 7: Wait for your withdrawal to be processed
Again, please confirm your wallet address is correct so you do not lose your funds. Once you have confirmed all your details click withdraw and let the wait begin. Your withdrawal processing time will depend on the network you are using.
Notes and issues
Due to the nature of this article, we set out to deposit and withdraw in order to bring you the breakdown. When trying to withdraw our funds, we were informed that players can not withdraw funds without first wagering a certain amount or verifying their account.
We were informed this requirement is put into place to “prevent money laundering”. If this were true, we would be terrible money launderers as we lost money due to network and withdrawal fees. But jokes aside, we do understand that Stake needs to comply with regulations. Players can either wager 20% of their deposit amount before requesting a withdrawal, or complete level 1 and level 2 verification. We will get into the verification process shortly.
Another note we want to reiterate is the multi-network aspect. Players must make sure they are sending the correct network-compatible cryptocurrency to Stake casino. Most wallets have a metric in place to inform you that you are using the wrong network token, but not all. So please confirm the network to avoid any lost funds.
Stake casino verification
There are 4 levels of verification at Stake, but luckily you only need to complete 2 to withdraw your funds immediately. This verification process will also help you retrieve your account in case of any issues such as hacks occurring. The 4 levels of verification are:
- Personal details
- Level 2: Proof of identity
- Level 3: Proof of Address
- Level 4: Source of funds
First, start by completing level 1 of verification. Players will need to enter personal details such as their first and last name, as well as their date of birth. You will then need to confirm your country, residential address, city, and postal code. And last but not least, you will need to confirm your occupation. It is pretty straightforward.
Level 2 is even simpler. Players must take and upload an image of their identification documents. This can include driver’s licenses, passports, and more. Make sure the file is in a format such as png, jpg, or pdf. The document should be laying flat and include all 4 corners of the document.
Cryptocurrency transactions at Stake
In conclusion, depositing and withdrawing at a cryptocurrency casino like Stake can offer numerous benefits to players, from increased security and anonymity to faster transaction times and lower fees.
But it is important to keep in mind that cryptocurrency transactions differ greatly from traditional payment methods. Players need to familiarize themselves with the specific requirements and processes associated with using cryptocurrencies for crypto casinos.
Overall, our experience with Stake casinos’ payment system has been positive, proving to be mostly user-friendly and efficient. Now that you know all you need to about depositing and withdrawing at Stake casino, head over and get gambling. To learn more about Stake, take a look at our in-depth Stake Casino review.