Stake casino fiat currency: A guide to easy and safe transactions

Stake Casino is one of the leading online betting platforms that allows you to play games and place bets using crypto and fiat currencies. Learn how to deposit money and withdraw winnings using fiat currency so you can enjoy betting without any worries with this guide:

How can I deposit and withdraw via fiat currency at Stake online casino?

After creating an account, you can instantly access your Stake wallet, where you can make transactions using Stake fiat currency, including Japanese yen (JPY). For seamless deposits and withdrawals, you can choose from a wide range of options on the site, including e-wallet and bank transfer. 

Depositing via fiat currency

To make a Stake casino fiat currency deposit seamlessly, you have to complete the site’s Identity Verification Levels 1 and 2. You also need to register a Vega Wallet to deposit JPY. Once this is done, follow these steps to deposit JPY hassle-free to your Stake wallet:

Note: Be careful when entering your Vega ID, as entering it wrong just once will prevent you from making a deposit. If this happens, contact Stake’s customer support with a screenshot of your Vega account showing your name and Vega ID. 

Withdrawing via fiat currency

To make withdrawals via Stake fiat currency, follow these steps:

What is Stake’s fast bank transfer?

A fast bank transfer is quicker for transferring money between bank accounts. To deposit using this method, simply go to the deposit screen, select your bank from the list, then you’ll be directed to your bank’s online banking page.

Enter the required information, and the amount will appear on your Stake account within two to three minutes. 

Here are some of the banks available for the fast bank transfer option:

Why must I provide the transaction ID after making a bank transfer?

When depositing JPY through bank transfer, you must input your bank transfer ID in the 'Requested Name' field. If you fail to do this, the deposit will not instantly reflect in your Stake wallet and will need manual processing. 

If this happens, you must contact Stake customer support with a screenshot of the payment receipt that confirms the following details at the time of transfer:

• Transaction date
• Withdrawal account
• Name of the request
• Recipient (including bank name, branch name and account number)
• Date of transfer
• Amount to be transferred

Note: Contact your bank directly if you don’t have access to this info. 

What are the fees and costs of fiat transactions at Stake?

The deposit and withdrawal fees and Stake casino fiat currency costs depend on the payment option. Certain banks often incur fees depending on the amount and conversion fees. 

How long does it take for fiat currency transactions to be processed?

For bank transfers, transactions are processed by Stake's automated system, with a transaction speed of up to 24 hours. The transaction time may take up to three banking days, depending on the bank. 

Can I convert fiat currency to cryptocurrency within my Stake wallet?

Yes, you can convert your online casino fiat currency to crypto assets in your Stake wallet and vice versa. Just keep in mind that the conversion process comes with an exchange rate. To do so, here are the steps you need to follow:

Where can I find my fiat currency transaction history on Stake?

You can track and monitor your fiat transactions through Stake wallet history on your account. To check your transaction history, follow these steps:

How does Stake Casino protect my fiat currency transactions?

Stake protects and ensures the security of your information and transactions through the following:

• Encryption → The site uses advanced encryption tech like the Secure Socket Layer (SSL) to secure your data during transactions. This ensures that sensitive info is protected from illegal access.
• Regulatory compliance → Stake adheres to relevant regulations and standards, which often include anti-money laundering (AML) and know-your-customer (KYC) policies. This helps ensure that transactions are legitimate and secure.
• Payment processing partners → By partnering with reputable payment processors, Stake benefits from their security protocols and fraud detection systems.
• Account security options → Stake encourages you to enable two-factor authentication (2FA) to add an extra layer of security to your account.
• Regular audits → The platform undergoes regular security audits and assessments to identify and mitigate potential risks.
• User education → Stake provides info on safe betting practices and how to protect personal info, helping you make informed decisions.

How do I keep my Stake account safe and secure?

Consider the following tips to keep your Stake account safe and secure: 

• Use a strong password → Create a unique and complex password with alphanumeric characters and symbols. Don’t use easily guessable info like your birthday and name.
• Enable 2FA → Activate 2FA for an added layer of security. This requires a second form of verification aside from your password.
• Be wary of phishing attempts → Always verify the URL and avoid clicking on suspicious links or providing your credentials to unknown sources.
• Monitor your account activity → Check your account for any unauthorised transactions or changes to your account settings.
• Log out after use → Make sure to log out of your Stake account when you’re finished, especially on shared devices.
• Use secure connections → Avoid accessing your Stake account over public wifi. Use a VPN if you need to connect in public places.
• Update security software → Keep your devices updated with the latest security patches and antivirus software.
• Stay informed → Keep an eye on Stake's announcements regarding security updates or potential threats.

How do I enable 2FA to safeguard my Stake wallet?

To enable 2FA in your Stake account, you first need to install the Google Authenticator app on your device. Once done, follow these steps to proceed with the process:

What should I do if I lose my 2FA? 

If you lose your 2FA code, send an email to [email protected] to request a 2FA recovery process. Stake may ask you for your basic info about your account. Once the site has confirmed your info, you can access your account again within 48 hours.

What happens if I use the ‘Show Fiat’ feature in my Stake wallet?

Enabling the ‘Show fiat’ feature in your crypto wallets allows you to see the equivalent value of your crypto funds in JPY. To enable this feature, follow these steps:

Note: While the price of crypto remains constant, if you opt to show your balance in fiat, it will fluctuate in response to market changes even while you're not actively playing.

What should I do if my fiat currency deposit or withdrawal fails?

Troubleshooting your online casino fiat currency transaction issues is fast and easy. All you have to do is contact Stake’s 24/7 live chat support. The site also offers resources and guides for real-time support, including:

• Help Centre →  A comprehensive FAQ section covering common questions about account setup, payment methods, and more.
• Blogs →  Articles and updates on promotions, transactions, game releases, and responsible gambling tips.
• Community forums → A dedicated space to discuss issues, share experiences, and connect with other players.

Why am I asked to verify my identity?

To ensure the security and integrity of your Stake account, the site requires you to verify your identity. This helps ensure that only you will receive your money. Stake’s identity verification process includes providing proof of identity and submitting legal documents.

Here are the accepted valid IDs you can use to verify your identity:

• Passport
• Driver’s license
• National ID card

Stake’s compliance with the KYC policies also requires the site to request any of the following documents:

• Bank statements
• Utility bills include electricity, water, gas, and rent bills.
• Tenancy agreement

All photo documents must also meet the following requirements:

• All uploaded photos must be original and not edited.
• Photos should be of good quality and in colour.
• Documents are clear and readable.
• Documents are not physically damaged. 
• Documents must show all four corners contained within the frame. 
• All documents must be valid for at least three months. 

Note: Digital documents will not be accepted; only photographed documents will be accepted.

Factors to consider when using fiat currency for transactions at Stake

When using fiat currency for transactions at Stake, consider the following factors:

• Transaction fees → Be aware of any fees that come with deposits and withdrawals, as these vary by payment method.
• Processing times → Different payment methods have varying processing times for transactions. Make sure you know how long it will take to avoid any hassle.
• Currency conversion → Consider potential conversion fees and exchange rates.
• Account Verification → Be prepared for potential KYC processes, which require verifying your identity before depositing or withdrawing funds.

Why is my fiat currency transaction taking so long to process?

There are various reasons why your fiat currency transaction at Stake might be taking longer than expected:

• Payment method → Different payment methods have varying processing times. Bank transfers often take longer.
• Verification process → If your account is not fully verified, transactions may be delayed while Stake carries out necessary KYC checks.
• Bank processing times → Sometimes, delays are due to the bank processing your transaction, which varies based on their internal procedures.
• Technical issues → Occasional technical glitches or maintenance on Stake’s platform can lead to processing delays.
• A high volume of transactions → During peak times or promotional events, transaction processing may take longer due to increased activity on the site.
• Currency conversion → If your transaction involves currency conversion, this may add extra time to the processing.
• Fraud prevention → For security reasons, Stake may flag certain transactions for additional review, which can lead to processing delays.

Stake fiat currency transaction mistakes to avoid

When making fiat currency transactions at Stake, it's important to avoid common mistakes that could lead to issues. Here are some key mistakes to watch out for:

• Incorrect payment details → Double-check all payment info, such as account numbers, to avoid transaction failures.
• Neglecting transaction limits → Be mindful of any minimum or maximum limits on deposits and withdrawals to prevent failed transactions.
• Overlooking security measures → Not enabling 2FA can put your account at risk.
• Skipping transaction confirmation → Always confirm transactions before finalising them, as errors can lead to lost funds.
• Not keeping records → Failing to track your transactions makes it difficult to resolve any disputes or issues later.
• Assuming instant transactions → Not all transactions are instant. Understand the expected processing times to manage your expectations.
• Disregarding customer support → If you encounter issues, don’t hesitate to reach out to Stake customer support for assistance instead of trying to resolve problems on your own.

Aside from fiat currency, what crypto can I use at Stake?

Stake supports a wide range of popular coins, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Tether (USDT)
• Dogecoin (DOGE)
• Bitcoin Cash (BCH)
• Ripple (XRP)
• EOS (EOS)
• Tron (TRX)
• Binance Coin (BNB)
• USD Coin (USDC)
• Apecoin (APE)
• Binance USD (BUSD)
• Cronos (CRO)
• DAI (DAI)
• Chainlink (LINK)
• Sandbox (SAND)
• Shina Inu (SHIB)
• Uniswap (UNI)
• Polygon (MATIC)

How do I choose a reliable crypto wallet? 

Choosing a reliable crypto wallet is crucial for hassle-free crypto transactions at Stake. Consider these factors to find the best crypto wallet for you:

• Security features → Look for wallets with strong security measures. Check if the wallet supports backup and recovery options.
• Reputation and reviews → Research the wallet’s reputation within the crypto community. Read user reviews and expert opinions to gauge performance.
• Type of wallet → There are two types of wallets you can choose from depending on your needs and preferences. These are:
  • Hot wallet → It is connected to the internet and is more convenient for daily transactions.
  • Cold wallet →These are offline storage options like hardware wallets and offer higher security for long-term storage.
• User experience → Choose a wallet with an intuitive interface that suits your level of expertise. A user-friendly design enhances your overall experience.
• Supported coins → Ensure the wallet supports certain coins you plan to store. Some wallets are multi-currency, while others focus on a single asset.
• Development and updates → Look for wallets that are actively maintained and regularly updated. This indicates ongoing improvements and security enhancements.

Frequently Asked Questions (FAQs)

Learn more about Stake casino fiat currency transactions with these FAQs: