Stake Casino Bitcoin: Guide for deposits and withdrawals

Building your bankroll is the first step before engaging in casino gaming. This involves transferring your preferred currency, such as fiat or cryptocurrencies like Bitcoin (BTC), to your Stake account, where you can securely store your betting funds and winnings. Stake supports a variety of payment methods for both deposits and withdrawals, ensuring flexibility and convenience. 

Prepare your casino gaming journey with Stake by learning about these services as well as the benefits of using crypto:

How do I deposit Bitcoin into my Stake account?

Making a Stake Bitcoin deposit to top up your account is the same as any supported crypto payment option on the platform. It involves using the blockchain’s peer-to-peer (P2P) system, sending money from a third-party crypto wallet to your Stake wallet address. Follow the steps to complete the process:

• Go to your Stake wallet deposit page.
• Make BTC the active currency.
• Open your third-party wallet where the BTC deposit is coming from and use one of two methods:
  • Copy the provided Stake wallet address and paste it as the recipient for the BTC transfer.
  • Scan the QR code using your crypto wallet to get the wallet address instantly. 

Do I need a cryptocurrency exchange to deposit using Bitcoin at Stake?

If you have Bitcoin funds, you can only withdraw BTC directly from your wallet using P2P. You can only get them from a cryptocurrency exchange, which is a platform for trading a variety of virtual assets. The only other way to get BTC besides trading is if you were given it or if you were mining it. 

You can use MoonPay, a third-party crypto exchange provider, to purchase BTC. It allows users to buy BTC using any of its supported payment methods. Their options include:

• MasterCard credit and debit cards
• Visa credit and debit cards
• ApplePay 
• GooglePay 
• Uniswap 
• MetaMask 
• OKX Exchange
• Trust Wallet
• Universal Wallet

To buy Stake casino Bitcoin, you must follow these steps:

• Click on ‘Wallet’ next to your active balance at the top of the screen.
• Choose the currency you wish to pay within the dropdown menu under ‘Pay Amount’. 
• Set BTC as the active currency using the dropdown menu under ‘Amount Received’. 
  • Input the amount of money you wish to spend on the input box under ‘Pay Amount’ or the amount of BTC you wish to buy under ‘Amount Received’.
• Click on the ‘MoonPay’ button at the bottom of the pop-up window.
• Follow MoonPay’s instructions, as it will vary on your chosen currency for payment.

If you have active two-factor authentication (2FA), Stake will ask you to complete this step before proceeding with MoonPay. This security measure protects you from unwanted purchases if your casino account is compromised. 

Other notable exchanges that can help you trade BTC include Binance, Coinbase, and Crypto.com. These platforms allow you to link your wallet for easy money transfers and cheap transaction fees. You can send BTC from your exchange account to your Stake casino wallet if P2P transfers are supported.

What are the advantages of using Bitcoin for Deposits at Stake? 

The advantages of using BTC in gambling at casinos like Stake are the key reasons for its growing popularity. Here are some points to consider as a Bitcoin gambler on why you should choose crypto:

Improved privacy

Crypto users are pseudonymous because blockchain transactions and wallets don’t need to follow a know-your-customer (KYC) protocol that banks impose on casinos. Instead, you are only known by your wallet address. The network is transparent, so everyone can see each other’s transactions. However, nobody knows who owns which account unless you publicly claim which address is yours. 

Borderless payment method

Fiat is limited by the extent of its bank’s centralised system, but crypto is borderless. You can transfer funds from your wallet to your Stake account even if the two storage locations are in different countries. 

Cost- and time-efficiency

In addition to having global reach as a borderless payment method, Bitcoin is also far cheaper to transfer between accounts than fiat currencies. Most of the time, you only have to pay for gas fees and exchange fees, which are lower than the standard rate most payment methods charge.

For comparison, P2P transfers from a third-party wallet to your Stake wallet are free, but transferring from an exchange will have fees ranging from 1% to 5%. A standard fiat payment method charges upwards of 2% per transaction. This doesn’t include the remittance fee and conversion rate if you’re depositing abroad. 

Asset volatility

Bitcoin’s popularity in recent years can be attributed to its volatility, making it one of the most valuable assets in the world. It keeps breaking new all-time high records as its adoption grows and its economy becomes more stable. The BTC you bought to deposit at Stake can be much more valuable when you withdraw them later, making your casino winnings much more rewarding. 

Ready for the future of finance

If you’re keeping up with the finance sector, you’ll know that most industries are moving towards a decentralised environment. Many businesses, from casinos to online stores, are adopting blockchain technology to replace the increasingly obsolete banking system. Thus, becoming a Bitcoin user prepares for a future where finance is more decentralised. 

What popular casino games can I play with Bitcoin on Stake Casino? 

Stake offers the best of its services regarding the quality of games available, thanks to its partnership with top software providers in the casino industry. This ensures you can enjoy top-tier entertainment and win real money in Bitcoin. Their games come in various forms, allowing you to make different kinds of bets. Here are some examples that you should try:

Stake Original

Games under Stake Original are exclusive titles available only at Stake Casino, distinguishing them from other games in the industry. These games are highly popular, attracting thousands of concurrent players daily. 

Each title in this category offers a unique experience, ensuring there's something for everyone. Here’s a glimpse into the top three titles:

• Dice: Featuring a simple interface and a random number generator (RNG), Dice allows you to bet on rolling a number from 1 to 100. Every bet wins if the roll is above a certain number that you choose, allowing you to dictate your odds of winning and your payout. Raise the number to make it more difficult but rewarding, or lower it to make winning more likely. 
• Crash: In this game, a number continuously rises on the screen until it stops. Your goal is to place a bet on the next round and watch the numbers rise. This multiplier, known as the magnifier, indicates the payout multiplier when cashing out. Timing is crucial — you must cash out before the magnifier stops to win the dedicated payout. 
• Plinko: Every bet you make in this game drops a ball from the top through a maze of pins. This ball bounces to different tiers until it reaches the bottom, entering a slot to indicate your payout. You can adjust the volatility from low to high and the number of pins to balance the risk factor and potential payout. 

Slot games

Slot games are among the most versatile casino game categories, and software providers constantly create new and unique experiences. Stake Casino offers a selection of these top-tier slot games, and hundreds of active players play each title daily. 

Each slot game presents a unique combination of features and presentation methods, yet they all follow the same rules. Players place a bet per round, and outcomes are determined by the random number generator (RNG). Some games feature high volatility, offering the potential for massive payouts of up to x1,000, x100,000, or even more, making Stake casino Bitcoin betting more rewarding. 

Live casino games

Live casino games refer to classic tabletop games found in traditional brick-and-mortar casinos. This includes baccarat, roulette, blackjack, and poker, among others. These games are streamed, and you can place bets on the table tended to by the dealer.

The betting options in live casino games mirror those found in their offline counterparts. Roulette, for example, offers the full list of inside and outside wagers, and baccarat can have side bets unique to the software provider. 

Blackjack gives you two cards, and you’re betting they will be better than the dealer’s at the end of the round. All active players share the same hand, but decisions like hitting or standing are tracked independently, keeping you on your toes in every round. 

Live game shows

Live game shows have revolutionised the online casino experience, offering a thrilling and interactive alternative to traditional table games. Some titles can be original or adapted from a popular television game show like Deal or No Deal or Who Wants To Be A Millionaire. While they stay faithful to their namesake’s game mechanics, they present a unique betting experience, ensuring fresh and engaging gameplay. 

Are there any withdrawal limits for Bitcoin on Stake?

There is a limit to online casino Bitcoin withdrawal at Stake, which comes with a fee. This only applies to funds you withdraw from Stake, and there’s a flat minimum and fee rate for every crypto you can use at the casino. Here’s a table for reference, but rates per crypto, including Bitcoin:

These limits and fees only apply to withdrawals, not deposits, because Stake allows you to top up your account balance for as little or as much as you wish. The only fees you have to pay for transferring BTC funds are from your choice of exchange or wallet. 

How secure is it to use Bitcoin on Stake Casino?

Your Stake Bitcoin deposit always gives you the security benefits of the blockchain network. That includes pseudonymity to protect your privacy, immutability of every transaction, and encryption to deter hackers from tapping into your funds. On top of that, Stake also offers additional safety measures to further protect your account, privacy, and funds:

• Two-factor authentication (2FA): You can enable this feature by providing verified contact information in your account settings. If active, every transaction made in your casino will require confirmation. It disables anyone else from managing your Stake casino Bitcoin funds even if they gain access to your account. 
• OAuth verification: This is required if you signed in using Google, Facebook, Line, or Twitch. It only asks that you re-enter your Stake registration credentials so Google can verify your entry. If these are compromised accounts, the OAuth verification system can reject their entry, protecting your account from hackers. 
• The Vault: Your funds are already safe in your Stake wallet, but if you will be inactive for a long time, you should use the vault. Storing them in the Stake vault adds a layer of safety that will protect your funds from theft and asset freezing while you’re away. There is no limit to how long you can use this service. 

What is the processing time for Bitcoin deposits at Stake Casino?

Deposit processing times with Stake Casino can vary based on the currency and payment method used. For Bitcoin deposits, they should be instantaneous at best and within an hour at most. There is also no minimum/maximum deposit limit or fees, making Bitcoin the most cost-effective and efficient payment method at Stake. 

However, there will be delays in transaction speed and balance reflection time. In most instances, these are caused by high traffic in the Bitcoin network, which happens when a strong trading trend exists. Congestion for Bitcoin can delay your deposit for several hours, but it shouldn’t take more than a day to complete the transaction. 

What should I do if my Bitcoin withdrawal is not received in my wallet? 

There are several reasons that your Stake Bitcoin withdrawal can be delayed or not yet reflected in your wallet. The steps you should take depend on what the problem is, so here are a few examples of potential issues and their troubleshooting solutions:

The transaction request is not yet confirmed

Stake adds a final confirmation step to every deposit and withdrawal transaction. This is just the final button you have to click, but only after reviewing the request for a money transfer. It’s a simple security measure so users don’t misclick a request and pay fees. To see if this is the problem, kindly go to Transactions > Deposit and see if it’s pending. Simply click on the confirmation button to finalise the transaction.

The funds are ‘stuck’ and require manual processing

If the transaction is already confirmed and still not reflected on your wallet balance, take a screenshot of the withdrawal request and your wallet and Stake account funds. Send this to Stake’s customer support, and an agent will investigate your concerns.

Your online casino Bitcoin funds can be stuck in the remittance step. This happens when there’s congestion in the blockchain, and the funds you withdraw are huge. Administrators can manually process this on your behalf and fix the issue. 

Frequently asked questions

Here are some of the most frequently asked questions about Stake casino Bitcoin: