How to Withdraw from Stake Casino
By Alex Smith, Last updated Dec 6, 2024
Stake Casino has quickly risen to become one of the biggest crypto casinos in the world – and thanks to the wide variety of payment options available, the lack of withdrawal taxes, super-fast cashouts and customer support available 24 hours a day, seven days a week, Stake Casino is an excellent choice for those looking to gamble with cryptocurrencies.
On this page, we will be looking at how to make a Stake Casino withdrawal. We’ll show you how to withdraw funds and what the actual withdrawal process looks like.
Making a Stake Casino Withdrawal
Making a Stake Casino withdrawal is incredibly simple. You simply need to click on the blue wallet icon at the top of the screen, press “withdraw”, and enter the wallet address you’d like your funds to be sent. You will then be prompted to enter the amount; you can enter either a crypto amount, or a USD/EUR amount.
Once you’ve entered the above variables, click the “withdraw” button to confirm the withdrawal. Depending on the amount you’re withdrawing, Stake Casino may require you to verify your withdrawal by entering a PIN code sent to your registered email address. However, this doesn’t appear to always be the case.
What Payment Methods Can be Used to Withdraw Money at Stake Casino?
Stake offers a wide variety of digital currencies – and the payment option range is far greater when compared to what we see at most crypto casinos today. Naturally, they accept all major cryptos, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin – but they also accept XRP, Tether, and Dogecoin.
While the payment method options don’t include conventional banking options – such as debit and credit cards and EWallets – Stake also allows players to purchase coins directly using debit and credit cards. This is facilitated by a third-party company – MoonPay, for most users – and you will need to undertake a KYC check with MoonPay before the coins are credited to your Stake account.
Regardless of whether you deposit using Bitcoin Cash, Litecoin – or any of the other payment method options – the funds will always be credited to your account automatically.
In terms of the way withdrawals work, in our experience, a Stake Casino withdrawal is almost always instant. However, if you’re withdrawing an unusually large amount of money – or if your account hasn’t been successfully verified – you may be required to wait to withdraw money. In contrast, a member of the casino’s team verifies your withdrawal.
Do I Need to Verify My Account at Stake Casino?
In the past, users could create an online gambling account at Stake without verifying their ID. This was welcome news to those wanting to gamble anonymously – but as Stake grew in size, so did their regulatory requirements – and now, they’ve changed their registration process.
Before you can open your account – or make deposits and withdrawals – you will need to complete two verification stages. The first simply requires you to enter your name, address, and other essential information.
Level two verification requires you to upload a copy of your ID – a passport or driver’s license is acceptable. For most people, completing stage two verification is usually enough. However, some players may be required to complete the level three verification stage. This requires you to upload proof of address.
Is Stake Casino Licensed?
Yes; the casino is licensed by the Government of Curacao. While many people may think that online casinos accepting cryptos like Bitcoin Casino and Litecoin are unlicensed, Stake does hold a valid online gaming license.
Unfortunately, their Curacao license means they’re unable to accept players from the UK. This may change in the future – but it’s likely that they will first attempt to apply for an online gambling license from a more crypto-friendly regulator like the MGA.
The UKGC are yet to provide clear guidelines surrounding crypto gambling – and most of the UK-focused casinos are hesitant to offer crypto withdrawals and deposit methods due to the regulatory risks involved. This may change in the future, however, if crypto continues to grow.
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