Stake Gold Coins Conversion 2024: Step-by-Step Guide to Cashing Out (2024)

Stake.us is a sweepstakes casino, where you’ll play using virtual currencies: Gold Coins and Stake Cash. If you’re unfamiliar with Stake.us, you might wonder if it’s possible to convert Stake Gold Coins to cash and I’m here to answer.

While converting Gold Coins into cash isn’t an option, Stake Cash works a little differently, but before I begin detailing the specifics, I’d like you to know that if you sign up at Stake.us today using my exclusiveGAMECHAMPIONSpromo code, you’ll get $55 Stake Cash + 260K Gold Coins + 5% Rakeback as a welcome bonus.

Gold Coins vs. Stake Cash — Understanding the difference

It’s very important to properly understand the two virtual currencies supported at Stake.us. Generally, sweepstakes casinos employ a dual-currency system with Gold Coins (GC) and Sweepstakes Coins (SC). That was the same model I found when I created my Stake.us account. The only difference was that Sweepstakes Coins were called Stake Cash (SC).

As a Stake.us player, I could access games for free using GCs and SCs. I was offered a welcome bonus as part ofStake.us bonuses, and so I didn’t need to make a purchase in order to play the casino-style games, thanks to the free coins. Specifically, while creating my account, I entered the exclusiveStake.us promo codeGAMECHAMPIONSand received $55 Stake Cash + 260K Gold Coins + 5% Rakeback.

So, what Gold Coins are on Stake? Well Gold Coins are what I would call a fun currency. I found I could use them to play any game and I could purchase more GC in packages. But that’s all – they have no monetary value and I couldn’t swap or redeem them for anything.

On the other hand, Stake Cash are Sweepstakes Coins. Again, I could use them to play any game, but I found that I couldn’t buy them. On the plus side, there were lots of ways to get them for free through promotions and although they have no value, I learned that I could redeem my SC winnings for alternative prizes if I won games, met the 3x playthrough requirement for bonus SC and collected at least 50 Stake Cash in my account.

To summarize the above information, here’s a breakdown of Stake Cash vs. Gold Coins at Stake.us:

Why you can’t convert Stake Gold Coins to cash — Reasons behind the restriction

If you’re wondering whether you can convert Stake.us GC to USD, the answer is no. In addition, you cannot buy Stake Cash. The reasons are straightforward, and concern US sweepstakes laws. As one of thebest sweepstakes casinosin the US, it’s only natural that Stake.us maintains legal compliance.

According to the regulations, no purchase is necessary to participate at sweepstakes casinos, so Gold Coins are supplied to enable fun, free play only. Meanwhile, Stake Cash are ‘Sweepstakes Coins’, meaning you use them as sweepstakes entries, with the chance to redeem SC you win for alternative prizes.

I don’t think it’s much of a concern that players can’t convert Stake Gold Coins to cash. During myStake.us review, I discovered that the platform offers many additional promotions beyond the welcome bonus. So, there are multiple opportunities to get more Stake Cash if your target is to redeem them for prizes. What’s more,Stake.us ratingsleft by users on Trustpilot pointedly attest to the legitimacy of the site and safety of use.

Pros and cons of Stake.us Gold Coins — Weighing both sides of the equation

I had massive fun playing with Gold Coins at Stake.us. The fact that I got them for free via bonuses and could use them to play all games is commendable. I’ve detailed all of the facts I established about Gold Coins below:

Conclusion – Leverage the benefits of Gold Coins at Stake.us

While testing the platform, I had a lot of fun trying out different games using the Gold Coins received in my welcome bonus. Although I didn’t run out, I found I could also purchase optional GC packs. I also established that you can’t convert Stake Gold Coins to cash — it’s non-negotiable.

But I did find that when I played games using my bonus Stake Cash, if I won I could use my SC winnings to redeem prizes, but first I needed to play with them 3x and collect at least 50 first. So, you can create your Stake.us account today with my assurance that you’ll enjoy the gaming experience, have fun with Gold Coins and the potential to redeem Stake Cash winnings later on.

Convert Stake Gold Coins to cash FAQs