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Stake Withdrawal Time Canada: How Long Does Stake Withdrawal Take?

Cameron Kozinets
Fact Checked By:
Cody Aceveda
Last Updated:

Long withdrawal times can make or break your betting site experience. This is why we have taken the time to review all the best online betting sites in Canada with a focus on their withdrawals. In this guide, I’ll take you through the Stake withdrawal time, available withdrawal methods, and everything else you need to know about cashing out at Stake.com in Canada.

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Stake is one of the biggest online casinos and sportsbooks in the world. It’s made waves over the years with high-profile sponsorships, such as sponsoring Canadian rapper Drake and English Premier League team Everton.  

The company is based in Curaçaoan and owned by Medium Rare NV, but it has offices and licenses in several other countries. These licenses allow players all over Canada to play Stake casino games and to bet on sports with Stake. However, Ontario betting sites have to be licensed by iGaming Ontario. Stake isn’t licensed in Ontario, so it’s unfortunately not available in the province.

stake withdrawal times

Stake Withdrawal Methods & Times

If you get lucky and win cash at Stake, you have a wide variety of withdrawal methods to choose from when you’re ready to cash out. Cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Tether are the most popular Stake withdrawal methods. The site supports over 20 different digital currencies for betting with crypto. Fiat withdrawals via bank transfer and Interac are also available in Canada. 

Overall, Stake has over two dozen withdrawal options available. Some are more popular than others. Here is an overview of the seven most popular Stake withdrawal methods in Canada.

Withdrawal MethodMinimum Withdrawal AmountMaximum Withdrawal AmountWithdrawal TimeFees
Bitcoin0.00002504N/A0-24 hours0.00001571
Ethereum0.00100000N/A0-24 hours0.00067447
Litecoin0.01857329N/A0-24 hours0.00013800
Tether2.50000000N/A0-24 hours1.00000000
Other cryptocurrenciesApprox $5 CAD (varies by cryptocurrency)N/A0-24 hoursApprox $2 CAD (varies by cryptocurrency)
Interac$5N/A0-3 business daysNone
Bank Transfer$5N/A2-5 business daysNone

How to Request a Withdrawal at Stake

Now that we’ve covered the methods available to you, let’s go over how to withdraw at Stake. The process can seem complicated, but all you have to do is follow this step-by-step guide:

  1. Verify Your Identity: Once you create your Stake account, you will be asked to upload documents to verify your identity. If you plan on using Interac or Bank Transfer, make sure your account information matches your documents exactly. For example, use your full name and not a nickname on your Stake account. This process should take less than 24 hours. 
  2. Open Your Wallet: After you’ve played and racked up some winnings, select the blue wallet icon to open your Stake account wallet. Then, select Withdraw.
  3. Choose Withdrawal Method: Select your preferred withdrawal method from the list of options. If you don’t see one available that you think should be there (e.g., Interac or Bank Transfer), contact customer support. There may have been an issue with your verification.
     
  4. Enter Withdrawal Amount: Fill in the amount of money you would like to withdraw. Stake doesn’t have a strict upper limit on withdrawals, but the minimum varies by currency.
  5. Confirm Transaction: Review your banking information or crypto wallet address to ensure everything is correct. If it looks good, confirm your withdrawal request and wait.

Withdrawing with Stake FAQs

Yes. Stake available legally to use in Canada (apart from Ontario). As long as you have the proper documents and are above the legal gambling age in your province, you should not have any problems withdrawing your winnings from Stake.com.

No, Stake doesn’t only accept crypto. The betting site also accepts fiat currency, including Canadian Dollars. You can make Stake deposits with CAD using MoonPay, which itself supports Visa, Mastercard, Interac, and several other traditional payment methods.

Before you make a withdrawal, you need to verify your identity by uploading an official government ID. After that, you just need to open your wallet, select withdraw, and choose your withdrawal method. Then, enter your withdrawal amount and confirm the transaction.

Stake accepts over 20 different cryptocurrencies for deposits and withdrawals. It also supports Interac withdrawals and direct bank transfers for CAD transactions.

Yes, Stake supports instant withdrawals for most cryptocurrencies. The exact wait time depends on the currency you choose and how busy its network is. The Stake payout time is less than an hour to a few hours at most.

Stake takes up to three business days to process bank transfer requests. Once the withdrawal request has been approved, you will have to wait another 1-5 business days. It ultimately comes down to how fast your bank will process the transaction.

There isn’t a formal Stake withdrawal limit, but based on my experience and research, Stake has a limit of $20,000 CAD per week and $50,000 CAD per month. If you’re a regular player who deposits and withdrawals large amounts regularly, you can get around these limits by contacting Stake customer support.

Yes, you can cancel a withdrawal on Stake while your withdrawal request is still pending. However, keep in mind that crypto withdrawals are processed almost instantly, so you won’t have time to cancel the withdrawal in most cases. This won’t be an issue with Interac or Bank Transfer withdrawals though.

Explore More Withdrawal Guides

The fast Stake withdrawal time makes it one of the top Canadian betting sites. It’s not the only good option available to Canadian bettors though. Here are some other betting sites withdrawal time reviews from our experts:

Cody is an experienced sports writer from the U.S. Pacific Northwest. He has covered the Canadian sports betting and casino industry since 2022. In that time, he’s followed the development of legal sports betting in Canada and the explosion of the Ontario sportsbook market. When he’s not writing, Cody is following his favourite soccer teams, the Portland Timbers and Brighton & Hove Albion.

Cody Aceveda