If you aren’t familiar with playing online casinos or haven’t worked with crypto before, you’re probably wondering how to get funds from your local currency into a crypto account so you can start enjoying all the content available at Stake.
We’re here to help and answer any questions you may have about using your local currency at our online casino, including how to deposit and withdraw funds from your account, so you can have the best experience possible!
Overview of Payment Methods
When it comes to funding your account, we know our players want this to be as quick and simple as possible so you can start enjoying your favourite games without the stress of worrying about financial transactions.
The most popular transaction method is instantly depositing directly into your Stake wallet using your preferred cryptocurrency. We support a wide variety of the most popular cryptocurrencies like Bitcoin, Ethereum, Litecoin and more. It’s an easy process if you’re a crypto holder, and you’ll be playing our fantastic selection of games in no time.
For players who don’t already hold any crypto, there are various ways you can purchase crypto to play at Stake.com, including using credit and debit cards such as Visa or Mastercard, Apple Pay and Google Pay, bank transfers, PayPal and others.
At the time of writing, players at Stake can deposit funds using 7 different local currencies like ARS, CLP, BRL, JPY, CAD, INR and PEN.
Players can view their balance in many popular currencies like USD, ARS, IDR, PHP, VND, EUR, BRL, KRW, PLN, JPY, CLP, CAD, MXN, RUB, INR, CNY, PEN, and TRY.
We offer various methods for making a foreign currency deposit, largely depending on which currency you’re working with, which you can learn about in more detail by visiting our knowledge base.
Crypto & Fiat Currencies
A cryptocurrency is a virtual currency, a digital form of money created and managed by a network of computers using cryptography, a method of securing and verifying information.
A fiat currency is a physical form of money issued and controlled by a government and typically has legal tender status in its country of origin.
Despite the availability of various currencies, people usually think in their local currency, the money in which you earn your income. Thus, to make things easier for our players, we have introduced a feature that allows you to view your Stake account balance in your desired fiat currency—providing on-the-spot currency conversions so you can see your balance in a way that makes sense to you.
To view your balance in your preferred currency, log into your account and navigate to your settings. You will see where you can view your balance in your local currency, whether EUR, USD, CAD, etc., by choosing from the dropdown list.
It’s important to remember that this is just an indicative value based on the market price of your crypto and will fluctuate as the market moves, as all transactions are completed in cryptocurrencies at Stake.com.
How to Deposit Funds and Make Withdrawals in Your Local Currency
Similar to making deposits, if you wish to withdraw in your local currency, the method will depend on the currency itself. Don’t forget to check the wagering requirements for withdrawals before depositing any funds.
Are there Wager Requirements for Withdraws?
If you do choose to fund your account with your local fiat currency, then it's important that you are aware of our wagering requirements, as detailed in our Terms & Conditions. Wagering requirements are common throughout the industry and can vary depending on how you fund your account and your withdrawal method.
The requirement for withdrawing foreign currency states that you must wager the equivalent of 100% of your initial fiat deposit before you can request a fiat withdrawal.
The purpose of this requirement is to preserve the integrity of our systems and ensure no misuse of funds. You can proceed with your withdrawal request upon completing your wager requirement.
Secure Transactions when Gambling Online
At Stake, we take online safety seriously and want all our players to enjoy their online gaming experience. We implement a range of measures to protect your personal information, for example, making two-factor authentication available for all user accounts.
The Stake.com website is protected by SSL encryption, and using crypto means you don’t have to enter your personal banking details, so you can have peace of mind that your details are protected and transactions are 100% secure.
There’s also no need to rely on third parties like banks or other payment providers, so your deposits and withdrawals are faster, more secure, and free from transaction fees.
Tips for Safely Navigating Transactions Online
Using cryptocurrencies is a safe way to gamble online and make secure transactions. However, we always recommend you take extra precautions to boost your safety while betting online, such as using the Stake Vault to store your crypto safely. Refer to our blog on crypto security for more information.
You should always activate 2FA (two-factor authentication) to access your account and use regularly updated auto-generated safe passwords to ensure extra protection.
If you need further information regarding funding your account, working with cryptocurrencies, or any other issues relating to this article, feel free to contact Stake's customer support team. You can read more about getting assistance in our customer support guide.
Our team is always on hand to help with your queries, available 24/7 via live chat and will have you playing your favourite online casino games as soon as possible. You can also check the Stake blog how-to guides and other useful resources.
Being such a popular crypto gambling operator, we have an active online community that is always happy to assist fellow players. Visit the Stake Forum to find out more.