Topic: Naira deposit and withdrawal on Stake (Read 90 times)
Some gambling platforms operating in Nigeria with the NGN are international companies with no offices in Nigeria but they are still able to operate because of the unified exchange rates. The problem these companies had was the multiple exchange rates that Nigeria was operating that makes it difficult for them to convert Naira to dollar and other currencies. If you want to pay for X subscription you will see that payment can be made with Naira, this also confirm what I'm saying. So going forward, more companies will be able to allow transactions in the Naira. Payment gateways like paystack, flutterwaves and others are very helpful for most of them.
If one needs the money, they can go straight without passing through the p2p service of exchanges. If the withdrawal is directly to our Naira account won't the system flag it ? Because I am wondering how the description will be. Maybe I need more clarification on people who actually did the withdrawal successfully.
You can only withdraw from the type of money that you deposit on Stake. Example is if you deposit bitcoin, you can only withdraw bitcoin. If you only deposit USDt, you can only withdraw USDt. If you deposit naira, you can only withdraw naira. So this will not be in relation to naira/crypto P2P. I don't use Stake platform, so i no really know how this works, so i go just answer if i like the idea or not.
IMO, i go still prefer to dey use crypto to deposit and withdraw from any casino wey i dey use. Privacy na one good reason, i no go like dey deposit directly from my bank to a casino, or vise versa, e better say i withdraw my funds from casino to my wallet, come send am to an exchange and convert am to fiat, if i need Naira.
IMO, i go still prefer to dey use crypto to deposit and withdraw from any casino wey i dey use. Privacy na one good reason, i no go like dey deposit directly from my bank to a casino, or vise versa, e better say i withdraw my funds from casino to my wallet, come send am to an exchange and convert am to fiat, if i need Naira.
There's nothing private about Casino. If you have already provided KYC to them, your most critical information has been captured; depositing Naira is the same as depositing your coins. I tested the deposit option, and it only accepts bank transfers at the time, no card deposits. I didn't like the commercial bank used (Wema bank) because the transfer could be delayed due to network issues; fintech banks are better for speedy deposits.
Next is getting regulated by the FG if they haven't already.
Have you withdrawn naira directly on Stake? What is your experience? Does it take seconds, minutes or more before you are bake to see the money in your bank account?
What do you think about this? Will you prefer to withdraw naira directly instead of cryptocurrencies? Some people still see the use of cryptocurrencies to be hard, probably such people can easily see it easy to use naira instead.
Thank you Charles for the update. This is an indication that there are increasing numbers of Nigerians on Stake. And it is indeed a nice development. If one needs the money, they can go straight without passing through the p2p service of exchanges. If the withdrawal is directly to our Naira account won't the system flag it ? Because I am wondering how the description will be. Maybe I need more clarification on people who actually did the withdrawal successfully. What do you think about this? Will you prefer to withdraw naira directly instead of cryptocurrencies? Some people still see the use of cryptocurrencies to be hard, probably such people can easily see it easy to use naira instead.
What do you think about this? Will you prefer to withdraw naira directly instead of cryptocurrencies? Some people still see the use of cryptocurrencies to be hard, probably such people can easily see it easy to use naira instead.
That's a welcome development by the way, as I'm sure that feature must have been enabled due to the high traffic Stake casino is getting from Nigerian audience. But I'm looking forward to give it a try in few days time, and I will be back to give my honest review about how the withdrawal and deposit option via Naira went. However, I will be very glad if Stake can replicate the the kind of payment feature been used by Sportybet which happens to be one of the most reliable and reputable fiat casino in Nigeria that is super fast for both withdrawal and deposit. I had mine enabled since last week. You can not withdraw your crypto deposit in Naira, you can only withdraw your Naira deposit/tip.
Well, probably it can be informative for some people. Although, if it can be used as an exchange, I would have asked if it is better in comparison with P2P. Definitely, you will withdraw what you deposited on Stake. Even if you deposited bitcoin, you can only withdraw bitcoin and not any other cryptocurrencies.Edit: Transfers takes only few minutes
Nice to see this. I may try it and see how it is also but I am not sure yet.IMO, i go still prefer to dey use crypto to deposit and withdraw from any casino wey i dey use. Privacy na one good reason, i no go like dey deposit directly from my bank to a casino, or vise versa, e better say i withdraw my funds from casino to my wallet, come send am to an exchange and convert am to fiat, if i need Naira.
This is also the reason I think twice not to try it yet. 
I don't use Stake platform, so i no really know how this works, so i go just answer if i like the idea or not.
IMO, i go still prefer to dey use crypto to deposit and withdraw from any casino wey i dey use. Privacy na one good reason, i no go like dey deposit directly from my bank to a casino, or vise versa, e better say i withdraw my funds from casino to my wallet, come send am to an exchange and convert am to fiat, if i need Naira.
IMO, i go still prefer to dey use crypto to deposit and withdraw from any casino wey i dey use. Privacy na one good reason, i no go like dey deposit directly from my bank to a casino, or vise versa, e better say i withdraw my funds from casino to my wallet, come send am to an exchange and convert am to fiat, if i need Naira.
I had mine enabled since last week. You can not withdraw your crypto deposit in Naira, you can only withdraw your Naira deposit/tip.
Edit: Transfers takes only few minutes
Edit: Transfers takes only few minutes
I wanted to withdraw a coin today on Stake and I noticed that naira deposit and withdrawal are now available. I wanted to see how it is but it requested for phone number and I stopped because crypto made it easy. But I will still like to know how naira deposit and withdrawal is on Stake.
If I can remember when I used a foreign gambling site that naira deposit and withdrawal was available, it was through wire transfer and it will take weeks before you will be able to see the naira you withdraw in your bank account. Although, deposit was through credit card while bank cards. It takes just a second for deposit. The deposit was very easy but withdrawal was frustrating.
Have you withdrawn naira directly on Stake? What is your experience? Does it take seconds, minutes or more before you are bake to see the money in your bank account?
What do you think about this? Will you prefer to withdraw naira directly instead of cryptocurrencies? Some people still see the use of cryptocurrencies to be hard, probably such people can easily see it easy to use naira instead.
If I can remember when I used a foreign gambling site that naira deposit and withdrawal was available, it was through wire transfer and it will take weeks before you will be able to see the naira you withdraw in your bank account. Although, deposit was through credit card while bank cards. It takes just a second for deposit. The deposit was very easy but withdrawal was frustrating.
Have you withdrawn naira directly on Stake? What is your experience? Does it take seconds, minutes or more before you are bake to see the money in your bank account?
What do you think about this? Will you prefer to withdraw naira directly instead of cryptocurrencies? Some people still see the use of cryptocurrencies to be hard, probably such people can easily see it easy to use naira instead.
Jump to: