Can you pass stakes proof of income verfiication?

Sanitough

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Quote from: danherbias07 on December 06, 2022, 04:27:57 AM

I am not a high roller so I guess I won't be included in this one.
But I am kind of curious about those who will need to fill this up. Will there really be a problem since there must be a source of where the money is coming from?
About the deposit from the other gambling site. This is something else, I think it can be explained as to why you are transferring it to them.
One good reason that I could think of is the lack of availability of the games you like on the old platform that you are using.
Showing proof of it might help. I mean, who doesn't like new customers?

High rollers have bigger amount of bankroll, so it’s a necessary thing for them to show their proof of income. But like me who is just a regular gambler, I don’t think I am obliged to that. Stakes only need proofs when there is huge amount concern. Other than that, we are free to gamble and withraw funds on a small basis. But if ever it will be compulsory in the future, I think I’m not willing to do that and completely disclose my privacy.

Finestream

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Quote from: Mauser on December 14, 2022, 10:02:32 AM

I don't really understand why your income should be of any concern to the casino. Doesn't a casino only allow you to Gamble with the money you deposited at the casino first? So as long as the casino doesn't provide credit for the gambler the financial situation should be no real concern for the casino. Requiring KYC is one thing and verifying your address by showing utility bills is fine. But providing documents that show your salary is something different. So far no casino has requested to show that details and I am not sure how I would respond to the request. Hopefully this is not going to be another trend in the gambling industry where many casino will follow and make it mandatory. And what if you are in between jobs, will you then not be allowed to gamble anymore? Even if you have a lot of money in your bank account?

This is what I don’t like the most when gambling, there are times that they get too personal and even want us to disclose our privacy by asking some personal documents. I’m not really sure if I will pass, but if ever I won a huge amount and the only way for me to withdraw it is through passing first my proofs of income, then maybe I can do that. But for some reasons, although Stake is a reputable one, I still want to avoid something like this as they can use my documents for some other matters that may ruin my own privacy and credibility.

Fivestar4everMVP

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I am not that deep into gambling but if it happens that on a certain day, I got so lucky that I won an amount that will warrant Stake requesting a proof of income from me for verification, I think I can pass it.
I've read all that is required and I can provide some of it based on what is requested for.

But on a personal level, I think passing a normal kyc should put all this request of proof of income verification behind, what is the essence of purpose of this providing this document?

Mauser

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I don't really understand why your income should be of any concern to the casino. Doesn't a casino only allow you to Gamble with the money you deposited at the casino first? So as long as the casino doesn't provide credit for the gambler the financial situation should be no real concern for the casino. Requiring KYC is one thing and verifying your address by showing utility bills is fine. But providing documents that show your salary is something different. So far no casino has requested to show that details and I am not sure how I would respond to the request. Hopefully this is not going to be another trend in the gambling industry where many casino will follow and make it mandatory. And what if you are in between jobs, will you then not be allowed to gamble anymore? Even if you have a lot of money in your bank account?

coin.princess

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I am not sure, let's say you are working as a freelancer which doesn't have any bank statements, etc or anything from the choices and you use that money to play gambling and let's say you win. Does it mean that your winnings wouldn't be valid because you use money from unknown source but in reality it was from freelancing job?

So unless you have formal work or corporate work, you are not a valid player and could be risky to use Stake?

Yatsan

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Quote from: ethereumhunter on December 13, 2022, 10:32:41 PM

Quote from: aioc on December 08, 2022, 03:10:04 AM

And yet many of us here picked that they are not sure if we can pass the proof of income verification there are a lot of options and you only need to pass one but if you have spent a lot of money and you can not back it up with documents they allow then that's the time that you will be in trouble so its best to always play with money that you can back up not only money that you can afford to lose.

Maybe they don't know whether they can pass income verification because many play crypto gambling to find fun. And we really have to be able to play using the money we can afford to control everything properly. And to verify that, if we've only been playing with small money all this time, it's likely that the casinos won't mind either because we're not gamblers playing with big money. But indeed, we must be prepared if the casino asks or asks us to verify our income. But let's hope we won't be asked to do so.

I agree, this might only promote discrimination in this industry. Not all gamblers are willing to lose huge amount of money and for sure there are players who are here just to kill time and not to dream of being rich.

Quote from: coinerer on December 13, 2022, 10:42:03 PM

Here a bank statement of money received from any medium is required for account verification. But first of all I do not support it and I will not give my bank statement to any gambling site. Because if these documents are sold in places like Darkweb. My bank account may attacked by a powerful hackers . But if I go to a trusted site to gamble and have a large fund deposited there, then if they don't allow me to withdraw that fund without proof of income, then I will be forced to do so. So I'm not sure if I'll do it or not it depends on the casino's reliability

Online gambling industry is under web 3.0 and that means decentralization is being supported here. And such thing would only complicate things. How would it be decentralized if wallets would be monitored in particular with gains? Gambling sites has nothing to do with players' earnings. And if they do, they should also mind the losses to be equal 'coz if they are only after gains to allow a player to continue, they are nothing less than government of different countries.

Last thing. There are players who are playing on multiple gambling sites. That would be a lot of work on their end to verify whether announced values are legitimate or not. They should rather focus on improving the ',game' than to look into such thing players won't comply.

coinerer

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Here a bank statement of money received from any medium is required for account verification. But first of all I do not support it and I will not give my bank statement to any gambling site. Because if these documents are sold in places like Darkweb. My bank account may attacked by a powerful hackers . But if I go to a trusted site to gamble and have a large fund deposited there, then if they don't allow me to withdraw that fund without proof of income, then I will be forced to do so. So I'm not sure if I'll do it or not it depends on the casino's reliability

ethereumhunter

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Quote from: aioc on December 08, 2022, 03:10:04 AM

And yet many of us here picked that they are not sure if we can pass the proof of income verification there are a lot of options and you only need to pass one but if you have spent a lot of money and you can not back it up with documents they allow then that's the time that you will be in trouble so its best to always play with money that you can back up not only money that you can afford to lose.

Maybe they don't know whether they can pass income verification because many play crypto gambling to find fun. And we really have to be able to play using the money we can afford to control everything properly. And to verify that, if we've only been playing with small money all this time, it's likely that the casinos won't mind either because we're not gamblers playing with big money. But indeed, we must be prepared if the casino asks or asks us to verify our income. But let's hope we won't be asked to do so.

fortunecrypto

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All the requirements are good and complete, you can pass any of these as long as it did not exceed your bankroll if you have a big bankroll or wage a big amount of money, if you're going to play be sure you read this first because there's a time limit on all
these documents and be sure you have a job so you can sustain your gambling session and gamble within your means.

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All documents must be issued within the last 6 months and need to be in Latin international format

Plaguedeath

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Quote from: Saisher on December 12, 2022, 04:07:35 AM

if all of your income comes from the bounty campaign it will be denied and you will fail the verification.

Is there any proof to back up your words? what if the gambler is gamble on stake and the funds come from stake campaign? obviously they're know how long their campaign will last and he wouldn't lie about it. Having a job in your country doesn't always mean his job is fixed and he's also genuine to report his income because he could fake the proof easily.

Although many users will doubt if Stake will ask for low amount money, but there's a chance if the system trigger false positive.

Saisher

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Quote from: IndependentGambler on December 05, 2022, 08:58:33 PM

the poll is to check if real gamblers can pass the proof of income at stake and other casino's
here is the requirements:
https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds
winning funds from another casino is not acceptable

I have two documents that I can submit and pass their proof of income verification, salary, and salep property if they asked me today to undergo proof of income verification, there are a lot of ways to prove it but its best to always have a business or a job outside of Cryptocurrency if you are going to gamble because if all of your income comes from the bounty campaign it will be denied and you will fail the verification.

bitbollo

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Nec Recisa Recedit

anyone with a salary paid through a bank account is able to pass such a check.
(more or less all bettors in western countries who have a more or less stable job).
Obviously if you bet 100K usd and receive 500usd per month it's really difficult, indeed impossible to overcome it.

Since we are talking about a site that manages cryptocurrencies, a "proof of bitcoin purchase", for example from a bank statement, would also have been interesting.
Additionally, I believe winning from another (reputable) casino should be included.

I don't know how such a thing can be proven legally.

Quote

A Gift from a family member or close relative ( You will need to send us a donor's letter explaining the reason for the gift and the source of their wealth. Also, we will require certified identification documents from donor )

Do you need a notary who certifies the donation? It's ok a letter with documents from donor?

Johnyz

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Quote from: roslinpl on December 08, 2022, 04:23:14 PM

I had other works offline apart from the forum. I am receiving decent salary from my offline job. So I feel it’s enough to enroll in bank account. When the account is salary account, they won’t investigate your salary account because you get certain amount every month. And you will hold certain part of salary to use on gambling. Playing gambling will allow to earn more.

Having your real job can make things easy for you especially on providing such documents, and if its ok for you then why not.
Many are just having profit from crypto, and if a site still asking for some proof of income hopefully those site will always accept a proof of account here in cryptomarket, either an exchange account or just a wallet details, because if they will not accept it then how a crypto enthusiast will pass those verification, maybe they have to consider this.

wiss19

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Quote from: Darker45 on December 07, 2022, 07:47:27 PM

I'm afraid I won't pass this proof of income verification. I'm living on savings. If I provide proofs of my weekly salary it might not be accepted as well since it is not in the form of bank statement indicating receipt of my salary. I don't have a payslip, either.

This is exactly the same thing that I am having a hard time whenever the bank asks for an update on my account. I cannot provide them official documents that support my money.

I think many of us can relate when it comes to this matter. We usually lack documents therefore the things that we do are only limited. The only documents that most of us have are the very basic ones but anyway I think this proof of income from stake is not mandatory so stake players shouldn't worry. What I know is that this are only needed for higher levels of KYC verification.

We can still pass the first or second level by submitting basic documents. Again this isn't mandatory. This is the good thing about stake but we must only be careful when depositing and winning big amounts because that maybe be the time they will ask about it.

roslinpl

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I had other works offline apart from the forum. I am receiving decent salary from my offline job. So I feel it’s enough to enroll in bank account. When the account is salary account, they won’t investigate your salary account because you get certain amount every month. And you will hold certain part of salary to use on gambling. Playing gambling will allow to earn more. So it’s easy take that balance to the bank accounts and use for our personal expenses. When we had regular salary we can use this for the gambling and for the longer period. It’s easy to earn good money from the gambling with certain period of time.

coin-investor

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My salary alone from my offline is just enough to cover my bankroll plus my income from the signature campaign, gamblers of Stake.com should understand that Stake is a fully compliant casino and if you're going to have a huge bankroll you should be aware of what they are going to ask in case they ask you to verify your account, this condition also applies to every casino that you are going to play, it should be 20 to 30% of your salary if you pick coming from your salary.

Reid

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Quote from: IndependentGambler on December 05, 2022, 08:58:33 PM

the poll is to check if real gamblers can pass the proof of income at stake and other casino's
here is the requirements:
https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds
winning funds from another casino is not acceptable

The salary option to pass the proof of income verification might be the simplest on those listed. That's if you have a job on a company. But I have experienced flexible KYC companies that accepts proof of income from freelancers too, like me. All they need are paperworks, withdrawal amounts, anything near on how you made that money as long as it's legal.
It's a very different world now and lots of people are doing their own small business.
IMO, this is just formality, they don't want to be messing around and them being punished when proven about money laundering.

aioc

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Quote from: OgNasty on December 06, 2022, 02:19:19 PM

I'm not sure what Stake's income verification requirements are, but I assume that most people would be able to pass them. They aren't there to try and scare players away. They're there to make sure the casino can still continue operating legally. I'm sure a couple of paycheck stubs or bank account screenshots would probably do the trick, but who knows. Nowadays some places want multiple years of tax returns and proof of residence. As others have stated though, this is for the big boys with a lot to gamble. I don't think they're harassing users who bet a few dollars a week for the fun of it.

And yet many of us here picked that they are not sure if we can pass the proof of income verification there are a lot of options and you only need to pass one but if you have spent a lot of money and you can not back it up with documents they allow then that's the time that you will be in trouble so its best to always play with money that you can back up not only money that you can afford to lose.

yes   - 6 (46.2%)
no   - 2 (15.4%)
not sure   - 5 (38.5%)
I don't gamble but want to see the results   - 0 (0%)

Wexnident

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Quote from: bittraffic on December 06, 2022, 02:48:04 AM

That's a relief for signature participants. Those who earn from other campaigns or some who are just trading may just have some problems with this. But like usual, they may just ask for the source of funds for those high rollers.

They're not asking just the KYC this time. Stake asking all these means other casinos will also do. Only the DEXes don't require documents.

I'd actually think it's more of just a proper source as to where the funds actually came from (except for casino wins as OP's words) and KYC only came as a side thing since it's needed to verify whether the source of funds you actually sent was legal and properly tied to an identity. I guess it's their own method of guarding against money laundering or something similar.

Quote from: bittraffic on December 06, 2022, 02:48:04 AM

Quote from: IndependentGambler on December 05, 2022, 08:58:33 PM

winning funds from another casino is not acceptable

That means the casino where you won those funds will ask for the source of funds from you. Maybe Stake will consider it if you show it to them.

I actually think it's allowed, I never really saw in OPs post where it said that casino winnings weren't allowed. I mean technically it should fall under to something similar to lottery winnings, and as indicated, users just need to show proof of their deposit as well as source for said deposit which is enough imo.

robelneo

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I can pass on their two requirements because it can support the amount of money I wager on all the casinos I'm playing not really a high roller player I understand that this is for the last 6 months, I just sold a property three months ago so it's still qualified as part of the document, but if your main source of income is bounty or projects from Cryptocurrency, you will have a hard time because they only accept mining, I hope they added more options for online Crypto free lancers.

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Salary ( You will need to send us a recent bank statement indicating receipt of your salary or the original of your payslip )
Sale of property ( You will need to send us a copy of the contract of sale and a bank statement showing the proceeds of the sale )

Topic: Can you pass stakes proof of income verfiication? (Read 420 times)