StakeWin Review: Scam or Safe?

StakeWin is a reputable casino licensed and regulated by Kahnawake Gaming Commission. It can also offer a lot in terms of entertainment since its gaming library consists of thousands of Slots, Table games, Lucky games, and Live casino games as well. The sleek website is definitely a nice addition, since it makes the whole experience more pleasant and smooth.

The good news is that you can expect low minimum deposits, a variety of promotions and a nice range of payment methods.

Still, there are some negatives here that you should be aware of beforehand. Keep in mind that StakeWin requires some quite high minimum withdrawal amounts that are way above the standards for the industry. Secondly, some of the wagering requirements might also surprise you since they are slightly higher than one can expect from a top-notch casino.

As a whole, this house definitely has some good qualities, so let’s explore it in detail and see if the strong points will prevail or not.

Bonuses

As you can see, this house comes with an average amount of promotions, which however seem to be diverse enough and feature rather valuable rewards. The bonus conditions are also more or less advantageous (with some minor exceptions), so you can definitely find something interesting here. Along with the usual Welcome Casino and Live Casino offers, you can also benefit from regular weekly bonuses, as well as cash-back and crypto promotions. The only thing missing are probably the Tournaments or some sort of Loyalty Program, but given the recent launch of the casino, those can probably be added afterwards. Have a look at the currently available bonus schemes:

Before getting to know all of the promotions in detail, here’s one thing that all of them have in common. Every one of the offers require at least $25 of minimum deposit in order to unlock it. This is a rather reasonable amount, since most of the houses tend to ask for between $20 and $30, so the conditions here seem to be on point. They are also quite straightforward and easy to remember and we appreciate that.

The Welcome Casino Bonus is meant for all new registers who make their first deposit ever with this casino. It can be used for casino games only, as the name suggests. In order to claim it, just head over to the cashier and select the relevant bonus from the drop down list before completing your investment. As we mentioned already, the entry point is fairly low and features $25 of minimum deposit, so things seem fine so far. As for the reward itself, it’s said to be 140% up to $1500, which certainly sounds impressive. We are quite happy with both the multiplier and the maximum cash bonus, despite the fact that there are no free spins included. What we don’t like however, is the wagering requirement. Apparently, in order to cash-out your winnings you have to make at least 50 turnovers of the total amount (deposit and bonus). This is actually a rather high amount, since the common requirements are between x30 and x40 wagers. In addition, make sure to complete the rollovers and use your bonus in terms of 30 days, otherwise you may lose both the reward and all generated winnings. So all in all, even though the wagering requirement is rather overboard, at least you have plenty of time to meet it. To be precise, most of the houses usually leave you between 7 and 14 days, so the duration here is more acceptable for sure.

Another warm greeting happens to be the Welcome Free Spins. As you may guess, this offer is also eligible for all newbies and on their first deposit only. In short, you have to think carefully which of the welcome bonuses you wish to benefit from. The entry point is the same as before ($25), so no surprise here. In exchange, you can get up to 200 free spins for the game The Dog House, powered by Pragmatic Play. Still, beware that the exact amount of free spins is determined by how much you decide to invest. To be exact, every $1 comes with one free spin, so the minimum deposit of $25 shall grant you 25 free spins respectively. The more you invest, the more the prize shall be. To be honest, this part of the bonus conditions doesn’t sound that favorable, since in order to get a decent number of free spins, you have to invest much more than the standard amounts for the market. On the other hand, the wagering requirement here is much more relaxed and features at least 30 turnovers of your deposit and bonus, which is totally fine. Just beware that the duration of this promotion is also much more limited and you have just 2 days to use your free spins and wager them.

The Welcome Live Casino Bonus is valid upon registering and making your first deposit of at least $25. It is eligible for Live casino games only, as the name suggests and needs to be selected from the drop down menu before completing your investment. This offer comes with a 100% bonus up to $500 which is still a nice boost to your initial deposit. The wagering requirement here is also much more acceptable since it features only 35 turnovers of your deposit and bonus. Again, you have 30 days to complete it, so we are rather happy with the conditions here.

The Weekend High Roller Cash-Back is a great way to get part of your lost funds back in your pocket. It’s available from Friday to Monday – during this time your casino losses will be calculated so you can get 5% of them back in your account. The reward will then be added automatically to your profile. The maximum refund is said to be up to $500, which is also not bad at all. In order to withdraw your funds however, don’t forget to wager the bonus at least 35 times and also make sure to do so within 7 days from the moment it has been credited to you.

The Weekly Happy Hour is a promotion that can be claimed four times per week between Monday and Thursday. The minimum deposit needed is still $25, so things sound promising at this point. The reward itself surely is impressive as well – you can get a 100% bonus up to the whooping $2000. Unfortunately no free spins are available here, but the cash prize can probably compensate for that. In order to perform any payouts, you need to wager your deposit and bonus at least 40 times, which is still an acceptable amount. Still, beware that this time you have only 7 days to meet the requirement, so better hurry up and start gambling right away!

The Weekend Live Refill seems like a good way to kickstart your weekend and add some additional boost to your gambling. As the name implies, this offer can be claimed from Friday to Sunday and requires at least $25 of minimum investment. The reward features 25% up to $1000. Frankly, this time we are not that impressed. Even though the maximum cash bonus is satisfying enough, the multiplier is just too low, so you have to invest a fortune in order to get the maximum of $1000. And if you decide to go with the minimum deposit of $25, the reward will hardly make any difference. Still, it can fuel up your betting at least a little, as we mentioned already, so you can give it a try. The total amount of the deposit and bonus have to be wagered at least 35 times in 7 days, otherwise you won’t be allowed to make any withdrawals.

The Crypto Bonus is another interesting promotion, since it targets crypto investments specifically. In other words, in order to claim this offer, you need to place a qualifying deposit of at least $25 but in cryptocurrency. After that make sure to contact the support team and request the reward. And speaking about the reward, it features an impressive 150% up to $1000 so we are quite happy with it. The good news is that this bonus can be redeemed once a day and is available for all existing and new players. As for the wagering requirement, it’s slightly higher compared to the standard amounts for the sector. Here you need at least 45 turnovers of your deposit and bonus before being allowed to withdraw any money. Still, the condition seems rather acceptable. In addition, the duration of this promotion is said to be 10 days, so make sure to complete the turnovers on time.

License

StakeWin is held and operated by Famagousta B.V., a company registered in Curacao. Furthermore, the company is said to be licensed and regulated by the Kahnawake Gaming Commission. You can see the license, simply by clicking on the small logo of the regulator at the bottom of the page. Here it is:

Kahnawake is a reputable jurisdiction that oversees the e-gaming market. Truly, it’s not as strict as the Malta Gaming Authority (MGA) or the UK Gambling Commission (UKGC), nor is it as popular as the Curacao regulation. But still, this authority has a lot of perks, since it comes with a good level of protection and multiple rules as well. You can definitely count on a secure gaming environment and provably fair games just because all Kahnawake licensed casinos are obligated to play it by the book.

To make it clear, many anti-fraud measures must be put in action to ensure that no money laundering or identity theft is actually possible. As for your personal data, you can rest assured that it’s also in safe hands – advanced encryption technology makes sure to protect sensitive data such as ID information or banking details.

The provably fair games are another thing you can count on. The reason being that random number generators (RNGs) must be used in order to ensure the genuine and unbiased outcome of each game.

In addition, all players must also be able to benefit from reliable and smooth payment systems, as well as fast and issue-free transactions. Professional customer support services must also be provided in order to help with any technical troubles or questions. In this case, there’s a live chat, thorough FAQs, as well as a 24/7 email support, available in English, German, Spanish, Norwegian and Finnish.

The website itself is also accessible in several different languages, so it’s definitely user-oriented. Have a look:

Languages: English, Finnish, French, German, Italian, Norwegian, Portuguese, Spanish

Still, keep in mind that residents from some countries may not be allowed to open an account here and use the services of the casino as a whole. Here’s the full list of restricted territories:

Restricted countries: Afghanistan, Albania, Aruba, Australia, Barbados, Bonaire, Sint Eustatius and Saba, Burkina Faso, Cambodia, Cayman Islands, Congo (Brazzaville), Curaçao, Cyprus, France, Germany, Gibraltar, Greece, Haiti, Hungary, Iran, Iraq, Israel, Italy, Jamaica, Jordan, Korea, North, Lebanon, Lithuania, Mali, Malta, Morocco, Mozambique, Myanmar, Netherlands, Nicaragua, Pakistan, Panama, Philippines, Senegal, Slovakia, Slovenia, South Sudan, Spain, Syria, Tanzania, Turkey, Uganda, United Arab Emirates, United Kingdom, United States, Yemen

Deposit and Withdrawal

Currencies: Australian Dollar (AUD), Brazilian Real (BRL), Canadian Dollar (CAD), Euro (EUR), Japanese Yen (JPY), New Zealand Dollar (NZD), Norwegian Krone (NOK), US Dollar (USD)

StakeWin happens to work with a wide range of payment methods, which include traditional credit/debit cards like Visa and Mastercard, as well as bank transfers. Furthermore, you can also find a decent selection of popular online payments such as Skrill, Neteller, Mifinity, AstroPay, PaySafe card, Cashlib and Neosurf just to name a few. Various cryptocurrencies are also to be found here like Bitcoin, Tether, Ethereum, and Litecoin. Still beware that not all of the options are available both for making deposits and withdrawals. What’s more, the alternatives may also vary depending on your country of residence. This way, some of the options may be missing, but other local payments could be available like for example Volt for countries like Germany or Poland. Have a look at some further details down below:

As you see, the minimum deposit amounts are between $10 and $25 so both of them are in line with the standards for the market. The maximum that you can invest also depends on the payment option and varies between $500 and $2000.

The minimum withdrawal amounts however are not so advantageous. Apparently, this casino requires at least $100 of minimum cash-out and this applies for all of the options. There’s no doubt that this requirement is against your interests. Just keep in mind that most of the houses tend to ask for around $10 or a maximum of $50, so the amount here is definitely exaggerated. In addition to that, note that there’s no information about the transaction fees, so we have no idea if some additional taxes may occur or not.

This being said, StakeWin clearly states that money deposited in the casino must be used for gaming activity. Due to this, all deposits need to be wagered at least 3 times. This is another standard requirement, since most of the houses tend to ask for between x1 and x3 turnovers in order to prevent money laundering.

The Inactive Account Policy states that every account that has not been used for 6 consecutive months shall be considered inactive or dormant. As a result, a monthly administrative fee of $5 (or equivalent in another currency) shall be charged. This is also a standard rule that most of the casinos tend to implement. Take a look:

Games and game suppliers

StakeWin partners with a decent range of game suppliers – around 70 to be precise. Among them you can spot some iconic brands like Pragmatic Play, Playson, Wazdan, BGaming, Evolution, or NetEnt to name a few. Still, note that the number and the specific software developers may vary according to your country of residence. Here are all of the game providers we managed to find here:

Game providers: Amigo Gaming, Apollo Games, Belatra, Betsoft, BGaming, Booming Games, Booongo, Caleta, Cool Games, Dragon Gaming, EAgaming, Elysium Studios, Endorphina, Espresso Games, Evoplay, Fazi, Felix Gaming, Fugaso, Funky Games, Funta, GameArt, Games Inc, Habanero, Gamzix, Inbet Virtuals, KA Gaming, Kalamba, Mancala, Mascot, Microgaming, Mr Slotty, NetEnt, NetGame, NetGaming, Nucleus, OneTouch, PGSoft, Platipus, PragmaticPlay, Red Rake, Red Tiger Gaming, Rival, RubyPlay, 7Mojos, Simpleplay, Smartsoft Gaming, Spade Gaming, Spinmatic, Spinomenal, Superlotto, Swintt, Tom Horn, TPG, Triple Cherry, TrueLab, Vibra Gaming, Wazdan, Zeusplay

The gaming lobby is well-organized with a clear layout and fresh theme. You can choose between several categories like All, Slots, Table games, Live casino games, Lucky games, and Virtual Games. Apart from that, you can also use the search engine or filter the activities by the game provider. Unfortunately no additional filters or themes are available here, not even an alphabetical order.

The Slots feature multiple and well-known games powered by prominent game suppliers such as Pragmatic Play, NetEnt, BGaming, or Microgaming to name a few. For example you can find trendy names like Sweet Bonanza, Gates of Olympus, The Dog House, Starburst, Gonzo’s Quest, Gonzo’s Treasure Hunt, Sugar Rush, Legacy of Doom, Big Wild Buffalo, Wolf Fang, Eye of Cleopatra, or 9 Burning Dragons.

A nice variety of crash games is also available here. Some of the trendiest names feature Aviator, Zeppelin, Plinko, Spaceman, and Mines.

The Table games also seem various and of high quality, since they are carried out by popular brands like KA Gaming, Caleta, or Habanero to name a few. Among the most appealing names there are Multihand Blackjack PRO, American Blackjack, Royal Tiger Baccarat, Rolling Stack Blackjack, Zero Commission Baccarat, Mega Rush Win, Keno, European Roulette, Joker Poker, Sic Bo, Three Hands Blackjack, Teen Patti, Bonus Deuces Wild, and Jacks or Better.

The Live Casino catalog is full of interesting activities with a Vegas-like atmosphere. Some of the most engaging names feature Crazy Time, Power Blackjack, Speed Roulette, No Commission Baccarat, Lightning Baccarat, Dragon Tiger, Casino Hold’em Poker, Andar Bahar, Diamond Roulette, and Fiesta Baccarat to mention a few of them.

Unfortunately, no sports betting is available here.

Conclusion

StakeWin seems like a great spot to enjoy your favorite games while taking advantage of the engaging promotions. Its legit e-gaming license is also a great benefit along with the diversity of payment methods.

Still, this casino definitely needs some improvements since some of its flows just can’t be ignored. For example it really needs to lower the minimum withdrawal amounts a lot, since the current requirements are just unacceptable. Moreover some of the wagering conditions could also be relaxed a bit in order to make the whole experience trouble-free and more enjoyable.