Can I dodge KYC using the his medium. - page 3.

traderethereum

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Quote from: chaser15 on December 28, 2023, 06:52:58 PM

Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

If they asked KYC, then just follow/. If they asked more than that, then just follow.

No other choice but to comply and behave in a calm matter. Once we are done getting the money, then that's the time we rage about the site.

If the said money that will be withdrawn is worth a trouble, I will follow KYC instead and will cooperate with the site.

That means we can only accept and comply with requests to perform KYC from the casino because otherwise, we will not be able to withdraw the winnings. We, as gamblers, also don't do much other than comply.
We could leave the casino because it doesn't want to do KYC but only a few people do it while others will be forced to do it because it is big money they have won.
They don't want to see the winnings they get go away just because of KYC problems, but that's the reality.
So it is a choice for us to do KYC or refuse KYC and leave the casino.

Hispo

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Personally, I do not think it would work, because the casino does not only have access to the amount you are trying to withdraw at the same time, obviously they also have access to your complete volume of withdrawals and deposits. They are not stupid, OP.
As soon as you try to withdraw a volume of money (in an accumulative way) which is bigger than your deposits and the system realizes you have not gone through Know Your Client checks, then you will be promoted to comply by sending your documents to the casino before allowing you to further withdraw your money.
In my opinion, if you want to avoid submitting your information, at best you will be able to withdraw some small quantities before being blocked and asked to KYC to continue.

If you are concerned about your privacy, OP. You would be better off trying to gamble in brick and mortar casinos or some which try to be decentralized enough for them not to ask for documents, unless you accept KYC is sometimes necessary and decide to join a reliable big casino and take care of giving your information in before, before winning big (good luck).

Wish you a fruitful happy new year.

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Quote from: Assface16678 on December 28, 2023, 06:00:39 PM

I don't get why many people are afraid of KYC. If you want a smooth transaction or withdrawal process of your funds in a casino, then pass the KYC first!!! because most online casinos right now comply with the rules and regulations of the government or law that they should enable customers to do KYC to prevent unwanted activities like money laundering or what so ever, but if you don't want KYC, then better not hope that you can withdraw your money or funds from a casino because they will not approve your withdrawal process as long as you are not complying with the rules.

I don't think that the strategy you are thinking of will get through because, under the rules, anyone who doesn't pass the KYC doesn't have access to withdraw from a specific casino, so before you play and deposit in a casino, make sure to verify if they have rules like this.

I get why some folks don't like going through Know Your Customer stuff. Handing over private info to a company you don't know makes people nervous. And yeah, companies have screwed up and leaked data before, so that doesn't help either. I think if companies were more transparent about how they safeguard your information, more people might feel better about it. But for now the anxiety is understandable.

So, I understand the desire to get around policies, but it's best to follow proper channels. Attempting shortcuts could backfire with closed accounts or legal issues. Either way, cooperation tends to work out better for all.

chaser15

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Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

If they asked KYC, then just follow/. If they asked more than that, then just follow.

No other choice but to comply and behave in a calm matter. Once we are done getting the money, then that's the time we rage about the site.

If the said money that will be withdrawn is worth a trouble, I will follow KYC instead and will cooperate with the site.

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Quote from: Assface16678 on December 28, 2023, 06:00:39 PM

I don't get why many people are afraid of KYC. If you want a smooth transaction or withdrawal process of your funds in a casino, then pass the KYC first!!! because most online casinos right now comply with the rules and regulations of the government or law that they should enable customers to do KYC to prevent unwanted activities like money laundering or what so ever,

But passing KYC first does not necessarily mean a smooth experience though. With AML checks in place e.g. accounts getting flagged for suspicious activity or suspected high risk, there's always a possibility to be asked for another set of verification again especially if the user has won a huge amount as this will most likely be checked.

Quote from: Assface16678 on December 28, 2023, 06:00:39 PM

but if you don't want KYC, then better not hope that you can withdraw your money or funds from a casino because they will not approve your withdrawal process as long as you are not complying with the rules.

I do agree with this sentiment. Using a platform with the typical AML/KYC policies should mean one must prepared to undergo basic identity verification or leave their money -- sad reality, I know.

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Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

There are ways around kyc if the terms are flexible. If kyc is required for withdrawals above a particular limit then you can evade kyc but if it a basic requirement, then, I'm afraid there is nothing you can do.

Some platforms are pretty new and they are yet to know about the gaps (asking for kyc for only withdrawals above particular limit) in their terms and conditions, if for any reason you manage to bypass a gap and they find out, they might place your account under restriction. To avoid such, it is better you fulfill their kyc policy or avoid using the platform.

agustina2

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Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

Why dodged? The goal and purpose is to get that big money as much as possible. Even if we don't like the idea of doing KYC, what else can we do? Even if you do withdrawals in smaller amounts, if these casinos ask to get KYC, then follow and comply. Don't be afraid to do KYC if the said gambling site is somehow reputable and licensed. Don't overreact to the possible data breach. What matters and is an important thing here, is that we get our big money winnings.

In the first place, you should know and understand the terms that KYc might be asked once you play on any gambling site.

Assface16678

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I don't get why many people are afraid of KYC. If you want a smooth transaction or withdrawal process of your funds in a casino, then pass the KYC first!!! because most online casinos right now comply with the rules and regulations of the government or law that they should enable customers to do KYC to prevent unwanted activities like money laundering or what so ever, but if you don't want KYC, then better not hope that you can withdraw your money or funds from a casino because they will not approve your withdrawal process as long as you are not complying with the rules.

I don't think that the strategy you are thinking of will get through because, under the rules, anyone who doesn't pass the KYC doesn't have access to withdraw from a specific casino, so before you play and deposit in a casino, make sure to verify if they have rules like this.

livingfree

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Quote from: goxcraft on December 28, 2023, 03:46:52 PM

I don't think thats possible. You see most of the casinos will ask for KYC no matter what. It doesn't have to be a small or big sum of money. So instead of trying so hard to bypass the KYC verification, try out casinos that doesn't need KYC. But I don't know if there are any.

This is true, if you think that you're able to be smarter than them. No, he just can't do that but if he's able to do it successfully then that's a big congratulations to him.

The process of KYC doesn't have to be with big withdrawals although that comes very often with that time when the casino detects a player wants to cash out his big profits.

There's always the question on how it happens from these casinos and they will review if they will allow you to go without complying to KYC.

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Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

It is definitely not a strategy that is guaranteed to work, but if someone isn't ready to provide KYC in case of big winnings, I wonder why someone would take that risk in the first place. Isn't the point in gambling that there is a chance to win big? That decision should at least be made in advance and if it is a casino you don't trust with your data, why then trust that casino with your money?

I think withdrawing in small increments may or may not work for some time. I would rather imagine that as soon as you won huge, the operator of the casino is notified anyway. Withdrawing in small increments could be as suspicious as withdrawing a big amount at once.

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Quote from: AmoreJaz on December 28, 2023, 05:31:11 PM

Quote from: Dr.Bitcoin_Strange on December 28, 2023, 05:13:54 PM

Just like every other person has said, you might not still be able to bypass KYC with this your strategy. If it were so, so many people out there would be using it and would likely be talking about it more often because, quite often, we have talked about KYC with casinos, and there are no suggestions about your scenario being a successful means to bypass KYC. If you want to use a casino, kindly go to the terms and conditions and read everything regarding their KYC requirement. Some casinos would not even allow you to withdraw any amount unless you had passed the KYC.

Although if you visit some local casinos shop to gamble, you will not be required to pass KYC as you can get your full cash out, unless the winning is very massive. That's when the casinos cashier will ask you to submit your details for verification.

as much as possible always be ready with your kyc docs because you'll never know when they will be asking it from you. though some licensed casinos are not very strict with kyc but if they see your huge amount of money in your balance, even if you haven't taken it out yet, i believe you are already on the watchlist of the casino.

but you can always try to withdraw small and test the waters. no harm done with that strategy. but i would say, it is better to use a reputable casino rather than a small unknown casino. you have better chance of getting your money from reputable sites. let's say even if they require you to submit kyc if necessary.

Having your KYC docs is really just that ready anytime. The main question on here is that, Are you ready on making such decision on showing or giving your identification details? If we do speak about big amounts then there's no doubt that a certain individual would really be that complying those KYc without any problems as long they could really be able to get hold of their winning on which it is really just that normal that they would really be having that reaction but honestly it do really sucks big time when you do win up big then they would suddenly be able to ask out those KYC
on which it would really be just that shocking if ever they would be requiring it immediately. This is why it would be important that you should really be choosing into those legit platforms in the first place.

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Quote from: Dr.Bitcoin_Strange on December 28, 2023, 05:13:54 PM

Just like every other person has said, you might not still be able to bypass KYC with this your strategy. If it were so, so many people out there would be using it and would likely be talking about it more often because, quite often, we have talked about KYC with casinos, and there are no suggestions about your scenario being a successful means to bypass KYC. If you want to use a casino, kindly go to the terms and conditions and read everything regarding their KYC requirement. Some casinos would not even allow you to withdraw any amount unless you had passed the KYC.

Although if you visit some local casinos shop to gamble, you will not be required to pass KYC as you can get your full cash out, unless the winning is very massive. That's when the casinos cashier will ask you to submit your details for verification.

as much as possible always be ready with your kyc docs because you'll never know when they will be asking it from you. though some licensed casinos are not very strict with kyc but if they see your huge amount of money in your balance, even if you haven't taken it out yet, i believe you are already on the watchlist of the casino.

but you can always try to withdraw small and test the waters. no harm done with that strategy. but i would say, it is better to use a reputable casino rather than a small unknown casino. you have better chance of getting your money from reputable sites. let's say even if they require you to submit kyc if necessary.

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Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

I don't think there is a one size fits all answer to this question. Generally every casino has theor own rules but generally speaking nowadays all the legit casinos have so.e form of kyc rules when withdrawing large amounts. Unsure of price limits for removal of funds but I'm sure gaming the system on a casino doesn't work.

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If you intend to earn more and be more recognized in the crypto space, KYC verification is of course a necessity.
It is the trend this days for many businesses to want to recognize the customers and be able to draw a statistical conclusion on their activities while gambling online.

Even for genuine P2p transactions these days, KYC verification is needed to update the exchange with its mandatory fur diligence report.
..

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If a casino sees you won a lot they will probably try to get you to pass at least some form of KYC.
If you never want to get KYC'd you should really be reading the terms and conditions of the casino as well as last experiences of players online carefully before playing there.

Because in the event of the terms I cluding such requirements it's in their rights to enforce it, and they will usually bother when there are large amounts involved, regardless of small or big withdrawal.

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Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

I don't think that it's a good strategy, casino will find it out obviously as they know that you have big winnings and obviously you wanted to cash it out. So they will immediately ask for a KYC on your part.

Of course, that's the argument that we all have been hearing, with initial deposits, then don't ask for KYC but when you are about to withdraw some winnings, they will ask you to provide information and hide on the reason of regulations. But that's what we need to follow though, and I don't think that there is a way around it.

And if you win it fair and square so what you are afraid to withdraw and not go to KYC?

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It may depend on the casino because some casinos still do not strictly implement KYC, so they can withdraw winnings little by little to avoid KYC. But remember that casinos have records of who has managed to get big wins, so you must still be prepared if the casino asks you to do KYC. Gamblers often face this problem where they want to get big wins but are not ready if asked to do KYC by the casino and feel objections. Usually, this happens because someone doesn't read the rules at the casino, so he feels confused about what to do when he wants to withdraw his big winnings. He could ask customer service about it to get the right answer.

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Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

Just like every other person has said, you might not still be able to bypass KYC with this your strategy. If it were so, so many people out there would be using it and would likely be talking about it more often because, quite often, we have talked about KYC with casinos, and there are no suggestions about your scenario being a successful means to bypass KYC. If you want to use a casino, kindly go to the terms and conditions and read everything regarding their KYC requirement. Some casinos would not even allow you to withdraw any amount unless you had passed the KYC.

Although if you visit some local casinos shop to gamble, you will not be required to pass KYC as you can get your full cash out, unless the winning is very massive. That's when the casinos cashier will ask you to submit your details for verification.

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I don't think thats possible. You see most of the casinos will ask for KYC no matter what. It doesn't have to be a small or big sum of money. So instead of trying so hard to bypass the KYC verification, try out casinos that doesn't need KYC. But I don't know if there are any.

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Quote from: letteredhub on December 28, 2023, 07:21:56 AM

Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.

You are trying to stay under the radar to not be spotted by the house... That could work at some platforms, but not in anothers. It will depend on the trigger mechanism casinos use to ask KYC from an user. The trigger can be the big win itself, request for volumous withdrawals or it can happen randomly, doesn't matter who the gambler is and how much he has deposited, won or cashed-out. In every cases you have to be prepared to deliver your personal identification, if requested by the casino, otherwise you won't be able to receive your prize, and then there won't be anyone to complain to.

It would be too irresponsible to rely that a casino won't ask for KYC in order to receive your prize. First of all, you should start playing at a casino aware they may demand for your ID at anytime, therefore you must be able to provide it as soon as they ask. If you doesn't agree with this term from them, better to not play on their platform and seek for an alternative one which won't require you to show your documents.

Topic: Can I dodge KYC using the his medium. - page 3. (Read 586 times)