Topic: Casinos not asking for KYC to register and play, but do require it to withdraw - page 12. (Read 12549 times)

I always tell about it. Ok, they don`t KYC you before deposit. I understand that they want our money, they need new clients. But it would be fair to give an opportunity to allow me to start KYC myself, not when i withdraw my prize. I may be far enough from my documents or bills, or smth else they can ask.
PS. I understand that nothing changes, but as for me it is more serious problem than KYC itself.

Lol, it's crazy but that how it is, man. Casino doesn't care about the losses of their customers and they know that if they make KYC compulsory before deposit, some gamblers may avoid the casino, so they would allow deposit first, leaving the gambler hanging after they have won and wants to make withdrawals.

Some weeks ago, I made on comment on one post that the OP was complaining regarding how a casino promoted on this forum would not allow him to withdraw unless he perform KYC, meanwhile he was allowed to deposit and use the casino with KYC requirement. It is recommended to look out for casino's rule that always state, "we many deem it necessary to ask or request for our customers to perform KYC anytime. "

When i lose, i don`t withdraw money, it is logically. May be you`re right, i didn`t calculate my winrate before KYC in every casino. But it seems, that if i lost big sum on the start, i could withdraw money few times before KYC.

Of course i`m misunderstanding. Of course casinos ask gamblers KYC because of their regulations. Just one moment - the main part of such "regulations" are during the withdrawal, not when you deposit money. Strange "regulation" isn`t it?

It seems that @mak013 is misunderstanding the situation with casino. Casinos ask for customer to do KYC because of their regulations. They ask customers to do KYC because they want them to win or lose while gambling. They are doing so because it's compulsory.

@bakasabo, you are right, the house edge of every game has a high percentage for the casino to make profit than the gambler and that is why they keep making more profit than gamblers.

Or you have paid attention on a request to pass KYC only when you were winning. I believe that casinos earn mostly not when gambler lose, but with house edge of every bet. So for them it is not a big difference when they ask KYC. In fact, they warn from the beginning that they might ask to pass KYC. So it should not be a surprise for gambler. Imho gambler should be ready to pass KYC when he makes a deposit, than to gambler and be worried about it and keep that in mind, during the game.

You are making a good point and I am looking forward to a day when there will be the same condition meted out to everybody where the casino will not have the flexibility to hold the KYC but to advise everyone upon registration to complete it immediately before any deposit. This is what I envision that was supposed to be the global standard, instead of casinos under pretence allows you to make deposits without the KYC but won't allow you to withdraw your money due to the lack of KYC completion.

It gets more annoying when you are not asked for the KYC completion when you are losing and keep on adding money to the platform for years, but immediately you are making regular profits from them, they ask you for it, this is also true even if you are withdrawing only the profit and not the deposit. Is the money not coming from them? The same thing goes for the withdrawal, so I don't see fairness in this.

Some casinos as well will make it miserable for some people to be able to complete their KYC, and to some, they will keep on asking for additional documents for no serious reasons other than finding excuses. All these have to be looked into in the future to avoid unjust issues like this.

Nope. And it is the problem. I tried to remember and understood that i was KYCed always during withdrawal, except 2 times with really random time. The sum was from $50 to $2000 so it doesn`t matter how much money you want to withdraw. The main goal was to freeze my money. I don`t see another reason.
PS. I mostly was KYCed when i began to win. Till i`m losing - nobody interests in my data.

The best advice for those people is to merely Buy Bitcoin, and HODL! Put them in cold-storage and treat it like a savings account in a bank. The fact the we are merely plebs, we should be more careful with how our limited resources should be spent. But if you don't care about the money, OK support the Bitcoin economy and gamble/spend/trade your Bitcoins. No one has any right to tell you what to do with your coins if you don't complain in BitcoinTalk.

The moment that they would be asking KYC on the moment that you do withdraw could be only on two possible reasons:

1. Withdrawal amount threshold
2. Violation of terms and conditions

If #1 is something that you do believe that not possible because you are withdrawing a small amount then it would be just that normal that you would be
thinking that you have might violated up something and this is why you do really end up on having that kind of hold.
Actually you wont really be having any worries if you are dealing up with a legit platform or site, but if you are dealing up with something new or havent that been that too popular
then expect or chances that you might be experiencing some potential scam is happening, this is why it would really be always recommended that we should really be sticking into those platforms
on which we know that its been trusted up for quite some time.

It's fine to let us know you're kyc preferred casino before a deposit f there's nothing wrong with , there's a clear mind that I have everything settled and will be cautious of how everything will be done... it normal for them to keep track of how funds are being circulated in casinos maybe to prevent money laundering or whatever they want maybe stated by government  and they can only know the identity through KYCs. Asking for a kyc during withdrawal  just feels like a trap to me

No. They tell you that they use KYC. But the same time they tell you that they don`t KYC you during the registration to allow you don`t waste time. And it is the main cheat. They don`t ask you questions when you bring them money and lose it, but they you about it when they lose. And, probably try to steal the prize. Not all of them, but all of them steal your time when you want to get your money.

I suspect that for many years to come the gambling industry will not have clear Legislative regulation regarding the use of cryptocurrencies, including mandatory or, conversely, optional identification verification under the KYC procedure.  This is primarily due to the uncertain status of the cryptocurrencies themselves, which cannot yet be determined by legislators in all countries of the world.  But, of cpourse, with the exception of El Salvador, which three years ago legalized Bitcoin completely and finally.  The thing is that if a certain casino starts requiring KYC from every client, then it will also definitely lose some clients who remain anonymous.  And naturally, new casinos will be born that will not require KYC simply because there are millions of anonymous players.  And most of them will never undergo KYC.  Moreover, the reasons can be very diverse, from national policy to personal reasons for hiding a person’s passion for gambling. 
So in the foreseeable future, I do not see a clear solution to all these problems with strict player identification in crypto casinos.

You have good advice there, I wonder why some people will allow themselves to be persuaded to open another account with the same casinos. Even if the first account was not banned, a second account should not be considered with the same casino as it might result in banning. Casino frowns so much at this because people have used this style to cheat them in the past, so they ban the account at first knowledge even if you are not cheating them. But it is bad that they will not investigate or warn you. I can only believe that people who are victims of this ignorantly may not know because I should have been a victim of other companies. If it were to be in trading, it would have happened many times.

The reason is that it was later that I often detected that I had two accounts with them. I would have opened an account with a company but forgot and reopened it ignorantly about 5 years later. These are part of the issue.

By the way, it is never an excuse for any casino to block an account simply because their system detects it as fraud. Can't they investigate? It is not new for computer programs to be overbearing and misbehaving, that is where humans come in. Mind you. I believe many casinos are deliberately cheating people this way but lying about their system, which is why we should be very careful in our casino selection. I wish there would be better regulation in the casino industry, it is only then that they can stop all the cheating instead of gamblers looking for external help as you suggested.

The idea of a casino not requesting KYC from their user when registering and making a deposit but later requesting KYC when withdrawal is involved is shady and dishonest but let us be sincere with ourselves.
If a casino does not claim to be total KYC free and doesn't request KYC when registering and depositing we should technically expect a surprise party when withdrawal is involved.
Until we understand this the less we become a victim of the casino that operates in this way.

It's hard to that from their end but it's not impossible at all.

They own the platform and for sure that they have measures to do that. But proving it is going to be another thing, that is why we see a lot of complaints that are being told that they've got a connection to some other accounts which is not allowed by most casinos to have multiple accounts.

That's  just it  Why the heck would you require KYC when a user Is about to withdraw his/her funds/profit it doesn't  look fair to me ... it's good to let users know what they are dealing either  a KYC-required or KYC-free right from onset before starting any form of gambling on that particular  casino.
Each gamblers with their taste, some gambler or maybe I should put it this way most gamblers doesn't worry about providing a kyc to casinos only few care about it maybe for privacy reason  so there's nothing to make hidden by casinos  until withdrawal

If you are referring to using IP address, a gambler can easily bypass that. Maybe there are other ways they can link both accounts because my knowledge is highly limited in that area. To avoid being in such situation, it is just best the gambler explore other options.

I know that people do this in casinos that do not require KYC but it is very risky because issues may arise that will require unplanned KYC with selfie or video with identity document. Any gambler that commits offense that lead to a ban does not need to open a new account in the same casino unless the money is not important for him. It is very depressing to win and start facing challenges because it is during winning that the casino will strike if they notice the account belong to a person whose previous account was banned.

You can choose casino with KYC or without it. It is only your decision. I don`t care about KYC and today i think that it becomes new standard of the casino. But we can find casinos without KYC. So, as i said, everyone can choose himself. But KYC during withdrawal is unfair for gamblers. If you want KYC - KYC during the registration. I can prepare all documents to KYC faster. When i win prize and want to get my money i don`t think about KYC or docs i need to KYC.

Any loss realized at the cause of gambling will all be accounted on us because the casino are not going to be responsible for any reason, that is why is it also important that we take control measures carefully before gambling and we should do this as according to all we could afford to bear, just as we have been told already that gambling is a win or loose game of an entertainment.

Yes this is the main problem. People who lose small amounts of money gambling which they cannot afford to accept are always emotional and blame the casino sites and share their stories in various places. They never want to admit that they are at fault here because they greedily deposit more money with the intention of winning more money and place bigger bets that they cannot afford to lose. Later, when they lose them, they regret it and become emotional and behave abnormally.  Everyone has to accept that gambling is very risky and cannot be panicked.  Here one should gamble only for enjoyment using a small amount at all times.  Then no one will be emotional in this case