Withdraw From Stake Sportsbook | Sports Boom

After funding your account, claiming generous Stake Sportsbook bonuses, and wagering your funds on your favourite sports and markets, you’ll want to learn how to withdraw money from Stake. This Stake withdrawal guide will explain the various payment options, the Stake withdrawal limit, and the simple steps you need to follow to withdraw money from Stake. You will discover that the process is easy, lightning-fast, and highly secure.

Step-by-Step Guide on How to Withdraw Money from Stake

This section will give you a step-by-step explanation of how to withdraw from Stake. Before you fill out and submit the withdrawal form, you need to cover a couple of bases. First and foremost, you must ensure that you have completed the verification process and satisfied the withdrawal terms as presented in Stake’s terms and conditions. We’ll dive deeper into those topics shortly. Assuming you have all of your ducks in a row, you can withdraw your winnings by doing the following. 

1. Log in at Stake and go to the banking section. 
2. Select the “Withdraw” option to activate the withdrawal form.
3. Select the crypto payment method you wish to use. 
4. Enter the withdrawal amount and follow the prompts on the screen to complete the request. 
5. Submit the Stake withdrawal request.

Withdrawal Options

If you aren’t familiar with Stake, then one of the first things you need to know is that the site only supports cryptocurrency. As such, you need to use one of the 20 cryptocurrencies that Stake supports to receive your funds. Supported cryptocurrencies include: 

Do you want to know how to withdraw from Stake to a bank account or eWallet? Well, once your winnings have been credited to your crypto wallet, you can then go to MoonPay or another crypto exchange and exchange your crypto. You can choose to have the proceeds go to your credit card, debit card, bank account, or e-wallet.

Stake Withdrawal Time

Stake states that it can take up to 24 hours to process a withdrawal request. However, you should find that your withdrawals are actually processed within a couple of hours or sooner. When Stake finishes processing your withdrawal, your crypto should appear in your wallet within minutes. It can take between a few seconds and about 10 minutes for crypto transactions to clear the blockchain. If it takes longer, it’s a good idea to contact Stake’s support team.

Minimum and Maximum Withdrawal Limits

Now that you know how to withdraw in Stake and how much time it takes to withdraw money from Stake, you need to know how much you can withdraw from Stake. Because different cryptos have different values, the answer depends on which cryptocurrency you use. As a general rule, the minimum withdrawal in Stake is the equivalent of around $5 in your cryptocurrency. 

But what is the maximum Stake withdrawal limit? You’ll be pleased to learn that there are no maximum withdrawal limits. You can withdraw as much as you like from your Stake account.

Withdrawal Fees

Unfortunately, Stake charges a minimal fee for withdrawals. Again, the fee amount depends on which crypto you use. Still, these costs are pretty small – around $1 or $2 per transaction. However, bear in mind that crypto prices are very volatile and change very frequently.

Is Stake Legit?

Yes. Stake is a trustworthy online gambling platform. The site has been in business since 2017, and it’s licensed in Curacao. It is verified by the Crypto Gambling Foundation and is partnered with several major sporting entities like Everton FC and the UFC. We are confident that Stake will treat you fairly, pay you quickly, and provide you with endless gambling entertainment.

Verification Process

Top-tier online gambling sites like Stake are required by their licenses and the law to verify their customers. This means you must provide a couple of pieces of documentation before cashing out for the first time. An identity document, such as a passport or driver’s license, along with proof of your address, like a mobile bill or bank statement, will usually do the trick. 

You don’t have to get verified right away, but we suggest that you do it as soon as possible. This is because you may not be able to make a Stake withdrawal until you do. Failure to complete the verification process is the most common reason for players encountering withdrawal delays.

Responsible Gambling

Stake is serious about promoting responsible gambling. This is why the operator provides access to a wide range of safe gambling tools, which you can find by clicking the “Responsible Gambling” link on Stake’s main page. 

You can start by taking a free self-assessment test. You can then set daily, weekly, or monthly limits on the amount you spend at Stake. You can even enter into a temporary or permanent self-exclusion period. Stake gives you all of the tools you need to keep your gambling health in peak condition.