Stake.us Deposit Methods (How To Redeem Stake Cash)

Stake.us is a sweepstakes casino that uses cryptocurrencies for payments. This means that all Stake.us deposit methods are based on crypto, with a variety of major coins available.

 

Redemptions also use cryptocurrencies, with the value of Stake Cash (SC), the casino’s equivalent of Sweeps Coins, being tied to the current value of each cryptocurrency. This makes the casino unusual among online sweepstakes casinos, but it may be more attractive for cryptocurrency fans.

 

This guide will cover all you need to know about how to buy Gold Coins on Stake, how to redeem on Stake, and what to understand before playing at a crypto casino.

 

Learn all about it with my comprehensive guide.

Stake.us Payment Methods

Stake.us only accepts cryptocurrency for purchases and redemptions. You can choose from 20 popular options, such as Bitcoin, Ethereum, Litecoin, Dogecoin, and Ripple.

The advantage of using only cryptocurrency is that all transactions are nearly instant, making Stake.us one of the top sweepstakes casinos in the industry.

Purchase Methods

  • Bitcoin
  • Ethereum
  • Litecoin
  • USD Tether
  • Dogecoin
  • Bitcoin Cash
  • Ripple
  • EOS
  • Tron
  • Binance Coin
  • USD Coin
  • Apecoin
  • Binance USD
  • Cronos
  • DAI
  • Chainlink
  • Sandbox
  • Shiba Inu
  • Uniswap
  • Polygon

Redemption Methods

You can use the same cryptocurrencies to redeem as you did to purchase coin packages at Stake.us. However, the rates are subject to change based on the current valuation of each coin. You can also change your choice of coin with each deposit or redemption.

This includes Bitcoin, Ethereum, Litecoin, Dogecoin, and much more. Having so many redemption methods makes payments more convenient for crypto users at one of the more notable new sweeps casinos in the US, although fiat users can’t make deposits or redemptions.

How to Add Money to Stake.us (Redeem Stake Cash)

Purchasing Gold Coin offers at Stake.us is easy. Simply follow these steps:

  1. Click on “Wallet" at the top of your home screen.
  2. Press “Buy Gold Coins."
  3. Select the Gold Coin offer you wish to purchase.
  4. Choose “Crypto" as the purchase option.
  5. Click “Proceed to Payment."
  6. Decide which cryptocurrency you want to use.
  7. Copy your Stake.us crypto address or scan the QR code.
  8. Open your cryptocurrency wallet and paste the code to send the payment.

Once you submit your payment, return to Stake.us. Your purchase should appear in your account within a few minutes.

If you do not have a cryptocurrency wallet, you can create one by following these instructions:

  1. Pick a cryptocurrency exchange platform to sign up with.
  2. Create a new account by entering your personal information, including the last four digits of your Social Security Number.
  3. Many platforms require that you verify your identity using the “Know Your Customer (KYC)" process.
  4. This includes uploading your government-issued ID (for example, your driver’s license) and sometimes additional documents.
  5. Once you’ve created your account, buy enough cryptocurrency for your desired Stake.us purchase.

How Long Does Stake.us Take to Verify Bank Account?

Stake.us only accepts cryptocurrency, meaning you don’t need to wait to get your bank account verified.

Instead, you just need to verify your identity when you sign up for Stake.us by uploading a government-issued ID.

This is a simple process that can be completed in a short timeframe.

Does Stake.us Accept Cash App?

Stake.us does not accept Cash App. While Cash App does have a crypto wallet feature, you are currently unable to use it at Stake.us. We’ll update this guide if you can use PayPal to buy Stake Gold Coins or make redemptions in the future.

Stake.us Instant Bank Transfer

Stake.us currently does not offer instant bank transfers as a payment method. However, it has “bank wire" listed but disabled under redemption methods, which means it might add this type of payment in the near future.

If you’re wondering how to buy coins on Stake, the answer is that cryptocurrencies are the only way. If you have a crypto wallet or are willing to create one, this is very convenient. However, fiat users might want to check out our guides to some of the other casinos with top sweepstakes bonuses and varied payment methods.

How to Buy Gold Coins on Stake

Here’s how to add money to Stake.us if you want to buy Stake Gold Coins.

First, you need to have a crypto wallet and enough of one of the cryptocurrencies listed above to make a purchase. Next, connect your wallet to the site. You’re now ready to make a purchase.

How to add money to Stake.us

If you’re wondering how to buy coins on Stake, you should know that you can only add money to Stake through a crypto wallet. After this, you can purchase any of the Gold Coin packages available at the casino.

There is no Stake Cash to USD rate, as the value of Stake Cash is tied to the value of various cryptocurrencies rather than the US dollar. If you want to use dollars to purchase Gold Coins and explore casinos with the best sweeps odds, you can check out our sweepstakes casino guides.

Why buy Stake Gold Coins?

Buying Stake Gold Coins gives you currency for free play. Gold Coins have no inherent value, so they can be purchased but not wagered for real prizes. Many people prefer playing slots and other casino games with virtual currencies rather than real money, as there’s no risk of losing money after the initial purchase.

You can also claim Gold Coins for free play by taking advantage of the Stake.us welcome bonus. You can claim this by clicking the banner at the top of the page and following the casino’s sweepstakes login process.

Stake.us Cash Out Rules

Before you can redeem Stake Cash, you must meet specific rules:

  • Verify your identity.
  • All Stake Cash must be played at least 3x.
  • Meet the minimum redemption requirement.
  • Only one redemption per day is allowed.
  • The maximum redemption in Florida is $5,000.
  • Redemptions are subject to fees.
  • You are responsible for providing the correct crypto wallet.
  • Certain redemptions may require additional verification.

I recommend reading the Terms of Service to get any additional information. This is found at the bottom of your homepage.

How to Cash Out on Stake.us: All The Steps

Before you can redeem Stake Cash for cash prizes, you must meet the minimum redemption requirement and ensure you’ve played all Stake Cash at least 3x.

How to redeem on Stake

Once you meet this criterion, you can redeem by following these steps:

  1. Press “Wallet" at the top of your screen.
  2. Select “Redeem."
  3. Click “Crypto."
  4. Choose the redemption amount. The site will let you know how much you can redeem.
  5. Pick your preferred cryptocurrency.
  6. Input your crypto wallet address.
  7. Click “Redeem" to complete your request.

Once you’ve submitted your request, depending on your cryptocurrency, your redemption will take anywhere from a few minutes to up to an hour.

Stake.us Minimum Withdrawal

The minimum redemption at Stake.us varies depending on the crypto you choose and its current price.

For example, the minimum redemption for Bitcoin is currently 51 SC, while when it was trading much lower last year, it was around 75 SC.

Meanwhile, if you wish to redeem with Ethereum, the minimum is about 45 SC at this time.

That said, the average redemption minimums for popular cryptocurrencies are as follows:

  • Bitcoin: About 50 SC, up to 70 SC.
  • Ethereum: About 45 SC, up to 60 SC.
  • Litecoin: About 50 SC, up to 70 SC.
  • Dogecoin: About 40 SC, up to 60 SC.

Note that a transaction fee is added to your redemption. This also varies by cryptocurrency, with some coins, like Litecoin, being as low as 0.01 SC, while others, like Tether, are at about 5 SC.

Stake.us Withdrawal Time

The advantage of using cryptocurrency is that it is among the fastest redemption methods.

Once you submit your request, redemptions are nearly instant. Depending on the currency, it could be one minute or up to an hour.

Fast withdrawals are one of the advantages of cryptocurrencies compared to fiat ACH bank transfers. To learn about other casinos with fast withdrawal times, check out our sweepstakes casinos guides.

Stake.us Payout Options

Currently, Stake.us offers only cryptocurrency for redemptions. It also has an online bank wire listed under redemption, but it is disabled. That could mean that the method could be accepted in the future.

Furthermore, Stake.us’s Terms and Service list gift cards and merchandise as redemption methods, but they do not specify how to redeem with either, nor are these available when you proceed to redeem.

In other words, plan to receive payouts with cryptocurrency at Stake.us.

Stake.us Redemption Progress

To check your redemption progress, go to “Wallet," and you will see a bar that indicates your status.

However, the bar is not always available, so the only way to check if you have met the wagering requirements is to try redeeming your Stake Cash.

You will see your balance, and the system will let you know if you have enough SC to redeem.

You can also check your redemption history and any pending claims by going to your user account settings, clicking “Transactions," and then “Redemptions."

Making sweepstakes casinos purchases and redemptions is an easy process, and Stake.us continues that trend here.

Stake.us Payment Methods & Stake Cash Redemption: Verdict

Stake.us only uses cryptocurrencies for payments and redemptions. This means you can buy Gold Coins at Stake with a wide variety of cryptocurrencies. To get started, you just need to create a crypto wallet if you don’t have one and connect it to the casino. Then you can explore the range of GC purchases on offer.

You can claim the Stake signup bonus by following the link at the top of this page. This will grant you 250,000 Gold Coins and $25 Stake Cash to get started. You can redeem Stake Cash for prizes if you meet the casino’s wagering requirements. You can redeem using a range of cryptocurrencies, and the value of Stake Cash is tied to the current value of each cryptocurrency for redemptions.

One of the main advantages of cryptocurrency deposits and withdrawals is that they’re processed quickly compared to fiat payments. Stake.us could be a good choice if you already use cryptocurrencies and are looking for a convenient sweepstakes experience. As always, happy gaming!

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Stake.us Payment Methods FAQ

Our FAQ answers common questions about how payments work at Stake.us.

Is Stake.us legit?
Yes, Stake.us is a legitimate sweepstakes casino. It’s regulated in the United States under sweepstakes laws.
Does Stake pay real money?
As a sweepstakes casino, Stake.us doesn’t allow real-money gaming. Stake only uses cryptocurrencies for payments and redemptions. You may redeem Stake Cash (SC) for prizes once you’ve met the casino’s wagering requirements. All prizes are valued using cryptocurrencies.
Where is Stake.us available?
Stake.us is widely available in the US, with the exception of Arizona, Connecticut, Delaware, Idaho, Kentucky, Louisiana, Maryland, Michigan, Montana, Nevada, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Washington, and West Virginia.
Does Stake.us accept PayPal?
No, Stake.us doesn’t accept PayPal. It may start using PayPal’s crypto feature in the future, but for now, it doesn’t accept fiat or crypto payments through PayPal.
Do you have to pay to play at Stake?
You can play at Stake.us for free using Gold Coins. You can get free Gold Coins and Stake Cash using the signup bonus.
What is the Stake.us playthrough requirement?
The Stake.us playthrough requirement before funds can be redeemed is 3x. This is higher than the sweepstakes casino average of 1x and means you’ll need to play through Stake Cash at least 3 times before it can be redeemed for prizes.

Author

Chav Vasilev

After covering various topics, Chav found his calling with iGaming and has covered the industry since 2022. Chav holds a Bachelor of Business Administration degree from Florida International University, and before writing, he spent over a decade managing fast-casual restaurant chains. When not writing, you will find him trying his luck on slots or watching and betting on soccer.

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