How to Convert Crypto to INR from Stake Online Using Mudrex: A Step-by-Step Guide

Stake Online is a cryptocurrency casino and sports betting platform that allows users to deposit, wager, and withdraw funds in various cryptocurrencies. While Stake focuses on gaming, it does not allow for direct Crypto to INR conversions. If you’re looking to convert your cryptocurrency to Indian Rupees (INR) on Stake Online, this guide will walk you through the process using Mudrex, a trusted crypto exchange.

What is Stake Online?

Stake Online is a global crypto-based platform offering casino games and sports betting. It supports multiple cryptocurrencies like Bitcoin, Ethereum, and USDT for deposits and withdrawals, providing a seamless experience for crypto users.

While its core service is gaming, it allows users to manage their crypto holdings within the platform. However, to convert crypto to INR, users must transfer their funds to an external exchange like Mudrex that supports INR withdrawals.

How Does It Work?

Launched in 2017 by Ed Craven and Bijan Tehrani, it operates under a Curaçao eGaming licence and is managed by Medium Rare N.V. . The platform supports over 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), allowing users to deposit, wager, and withdraw funds seamlessly .

Key Features of Stake Online:

• Diverse Gaming Options: Stake offers a wide array of casino games, such as slots, blackjack, roulette, and poker. It also features unique “Stake Originals” like Dice, Plinko, and Crash .
• Live Casino Experience: Users can engage in live casino games with real dealers, providing an immersive gaming experience from the comfort of their homes .
• Comprehensive Sportsbook: Stake’s sportsbook covers a vast range of sports, including football, basketball, tennis, and eSports, offering competitive odds and live betting options .
• Cryptocurrency Integration: The platform exclusively uses cryptocurrencies for all transactions, ensuring faster processing times and enhanced privacy .
• Global Accessibility: While Stake is accessible in many countries, it’s essential to check local regulations, as online gambling laws vary by jurisdiction.

How Stake Online Operates:

1. Account Creation: Users sign up on Stake.com, providing necessary details and completing any required verification processes.
2. Depositing Funds: Players can deposit cryptocurrencies into their Stake wallets. The platform provides wallet addresses for various supported cryptocurrencies.
3. Gaming and Betting: Once funds are deposited, users can explore the extensive range of casino games or place bets on sports events.
4. Withdrawing Winnings: Winnings can be withdrawn in the same cryptocurrency used for deposits. Stake processes withdrawals promptly, but the exact time may vary based on the cryptocurrency and network congestion.

Important Considerations:

• KYC and Compliance: While Stake emphasizes user privacy, it adheres to regulatory standards and may require Know Your Customer (KYC) verification to prevent fraud and ensure platform integrity.
• Responsible Gaming: Stake promotes responsible gaming practices and provides resources for users to manage their gambling activities effectively.
• Security Measures: The platform employs robust security protocols, including two-factor authentication (2FA) and SSL encryption, to protect user data and funds.

Prerequisites for Converting your Stake Online Funds

Before you begin, ensure you have the following:

• A verified Stake Online account.
• Cryptocurrency (e.g., Bitcoin, Ethereum, or others supported by Stake) in your Stake wallet.
• A Mudrex account with completed KYC (Know Your Customer) verification.
• A linked bank account on Mudrex for INR withdrawals.

ALSO READ: How Is KYC In Crypto Making It Secure For Traders? 

Step-by-Step Guide to Convert Crypto to INR on Stake Online

Step 1: Log In to Your Stake Online Account

1. Visit the official Stake Online website or open the Stake mobile app.
2. Log in using your registered email and password.
3. Ensure your account is fully verified, including KYC, to enable withdrawals.

Step 2: Check Your Stake Online Crypto Balance

Step 3: Convert Crypto to INR Using Mudrex

Stake Online does not directly convert crypto to INR within the platform. You’ll need to withdraw your crypto to Mudrex for conversion. Follow these steps:

1. Set Up a Mudrex Account:
   • Download the Mudrex app, and Sign up and complete KYC if you haven’t already.
   • Complete the KYC verification process by submitting your identity documents.
2. Withdraw Crypto from Stake to Mudrex:
   • Go to the “Wallet” section on Stake and select “Withdraw.”
   • Choose the cryptocurrency you want to withdraw (e.g., Bitcoin, Ethereum).
   • Copy your Mudrex wallet address for the selected cryptocurrency from the Mudrex dashboard.
   • Paste the Mudrex wallet address in Stake’s withdrawal form. Double-check the address to avoid errors.
   • Specify the amount to withdraw and confirm the transaction. Note that Stake may charge a small withdrawal fee, depending on the cryptocurrency.
3. Convert Crypto to INR on Mudrex:
   • Log in to your Mudrex account.
   • Once the crypto from Stake is deposited in your Mudrex wallet, navigate to the trading or conversion section.
   • Sell your cryptocurrency for INR (e.g., place a sell order for BTC/INR).
   • After the sale, your Mudrex account will reflect the INR balance.
   • If you need more clarity on converting Crypto to INR, read this blog

Step 4: Withdraw INR to Your Bank Account

1. In Mudrex, go to the “Withdraw” or “Fiat Withdrawal” section.
2. Link your bank account if not already done. Provide details like your bank account number, IFSC code, and account holder name.
3. Enter the amount of INR you wish to withdraw.
4. Submit the withdrawal request. Mudrex will process the transaction, which may take 1-3 business days, depending on your bank.

ALSO READ: How to withdraw crypto from Mudrex

Step 5: Track Your Transactions

• Monitor your crypto withdrawal from Stake and the INR deposit in your bank account.
• Save transaction IDs and receipts for reference in case of delays or issues.

ALSO READ: Which Is The Best Crypto App In India With Low Fees?

Tips for a Smooth Conversion Process

• Check Fees: Stake and Mudrex may charge fees for withdrawals and conversions. Review Mudrex’s fee structure to minimize costs. 
• Stay Compliant: Complete KYC on both Stake and Mudrex to avoid withdrawal delays.
• Use Stablecoins: To avoid crypto price volatility, consider converting your crypto to a stablecoin like USDT on Stake before withdrawing to Mudrex.
• Secure Your Accounts: Enable two-factor authentication (2FA) on both Stake and Mudrex to protect your funds.
• Monitor Exchange Rates: Crypto-to-INR rates fluctuate. Check Mudrex’s market rates before selling to maximize value.

Is It Legal to Convert Crypto to INR in India?

Yes, converting crypto to INR is legal in India, provided you use compliant platforms and follow regulatory norms. While the Reserve Bank of India (RBI) does not recognise crypto as legal tender, it does not ban its use for trading or investing. The Supreme Court of India lifted RBI’s 2018 ban in 2020, and since then, crypto transactions have continued legally.

ALSO READ: What Makes Crypto Exchange Legal?

However, the government imposes specific tax rules. A 30% tax on profits from crypto trading and a 1% TDS (Tax Deducted at Source) on every trade are applicable. To stay compliant, users must also complete KYC (Know Your Customer) verification on platforms like Mudrex, which follow AML (Anti-Money Laundering) guidelines and report transactions as required.

In short, while crypto isn’t regulated like traditional currencies, converting crypto to INR using a registered and secure platform like Mudrex is completely legal and compliant with Indian law.

Why Use Mudrex Over Other Exchanges?

Mudrex stands out as one of the best platforms for converting crypto to INR due to its focus on ease, compliance, and user protection. Here’s why:

• Instant INR Withdrawals: Users can sell their crypto and withdraw INR directly to their bank accounts with quick processing times.
• Low and Transparent Fees: Mudrex charges minimal fees, and all charges are clearly communicated—there are no hidden costs.
• Bank-Grade Security: With multi-layered encryption, 2FA, and regulatory-grade KYC/AML checks, your assets and data are well-protected.
• Local Support: Indian users get access to responsive customer support that understands local payment systems, regulations, and user needs.

For Indian users looking to cash out crypto safely and efficiently, Mudrex offers a trustworthy and smooth experience that’s hard to beat.

Which Network Should You Use for Transfers?

When withdrawing crypto from Stake Online to Mudrex, choosing the correct blockchain network is crucial to avoid lost funds or delays. For example:

• Bitcoin (BTC): Standard but slower and has higher fees.
• Ethereum (ERC-20): Widely supported but often expensive during high network congestion.
• Tron (TRC-20): Fast and cheap—ideal for USDT transfers.
• Binance Smart Chain (BEP-20): Also fast and cost-effective, but ensure both platforms support it.

Always double-check that the network selected on Stake matches the network supported by your Mudrex wallet address. Mismatches can lead to irreversible losses.

Should You Convert All Your Crypto at Once?

It depends on market conditions. Crypto prices are volatile, and converting everything at once may expose you to price swings. Consider these options:

• Lump-Sum Conversion: If you’re satisfied with the current market rate or need urgent INR, convert the full amount.
• Staggered Conversion: Convert in smaller parts over a few days to average out the rate. This approach, known as “dollar-cost averaging,” helps reduce the impact of short-term price movements.
• Stablecoin Conversion: Before transferring, you can convert your crypto to a stablecoin like USDT on Stake to lock in value, then send it to Mudrex.

Conclusion

Mudrex offers you the easiest and fastest way to convert your Stake Online Crypto to INR. With bank-grade security, instant withdrawals, and zero hidden fees, you can move your funds confidently and without hassle. Download Mudrex now and experience safety, speed and ease in your crypto transactions.

But don’t just take our word for it—join the Mudrex Telegram channel for expert insights and timely updates that could help you make your next move.

FAQs

1. How to convert crypto to INR in India?
To convert crypto to INR in India, use a compliant exchange like Mudrex. Deposit your crypto (BTC, ETH, USDT, etc.) into your Mudrex wallet. Once received, place a sell order for INR. After the trade, withdraw the INR to your linked bank account.

2. Where to convert USDT to INR?
You can convert USDT to INR on platforms like Mudrex that support INR withdrawals. Simply deposit USDT into your wallet, sell it on the platform’s INR market, and withdraw the amount to your bank account.

3. How do I withdraw from Mudrex?
To withdraw from Mudrex, go to the ‘Withdraw’ section in your account. Choose INR withdrawal, enter your bank account details, specify the amount, and confirm. 

4. How to convert cryptocurrency?
To convert one cryptocurrency to another or to fiat like INR, use an exchange such as Mudrex. Transfer the crypto to your wallet, choose the desired trading pair (e.g., BTC/INR or BTC/USDT), and place a sell order. You can then withdraw the fiat amount to your bank.

5. Can we convert USDT to INR in Stake?
No, Stake does not support direct INR conversion. To convert USDT to INR, withdraw your USDT from Stake to a crypto exchange like Mudrex, where you can sell USDT for INR and transfer the amount to your bank account.