Topic: Cloudbet | Sportsbook and Casino | Bet with BTC and BCH | 100% Deposit Bonus - page 13. (Read 466116 times)

Many people understand that casino is created to earn money for casino. But they play casino inspite they continue to lose their money. Many people believe that they are lucky enough to earn big price of money.

It is necessary to remember that casino first earn money for itself that is why there are so many casinos and casino is a very profitable business. That one people win many people must lose their money. But sometimes people win a really big money in casino and everybody wants to become such lucky person who win a big price.

Many people what to check their luck and to win money without working, that is why casino so popular. Nobody whats to work and everybody wants to have more money. That is why casino so popular.

People played gambling for many centuries, because they wanted to try their luck in all the times.
You must follow money laundering laws and KYC procedures in all licenced casino or you can not play in them without KYC. But I understand that nobody wants to give the information about his winnings especially if they are big.

Well the problem is that there are not many good gambling sites which allow you to gamble without KYC. Those who do not demand KYC are mostly not so much trusted. So we have no option but to do the KYC.

Yes, if you do KYC at a trusted popular site, the chances are less that the gambling site may misuse your KYC documents or sell those documents for any illegal activity.



Money laundering is just an excuse the governments and gambling sites give to ask the gamblers perform the KYC.
Money laundering did exist even before online gambling exists and i don't think people will do money laundering by first wagering their deposits at the casino (and losing them).

this KYC issue is something very sensitive and we have to take it very seriously, for example you talked about new casinos that ask for KYC and that can sell people's documents and that is the reason why people are skeptical of KYC, I I agree, but this is not the only serious part of it all, the biggest problem is that the casino owners are anonymous but they are asking for KYC, the error is not in the casinos, but the error is in the people or governments that created the KYC laws that they committed error of making casino owners remain anonymous but their customers are not anonymous

KYC was created to combat money laundering, so can a person create a casino and launder money? why do they only look at customers as the only ones who can launder money? this situation of making a person put their documents in an anonymous casino is something that creates fear in anyone, even though some people are defending the theory that doing KYC in an old and reliable casino is not a problem, but the old and reliable casino is still anonymous. I did KYC because I respect the laws, so I have no choice for that reason I always make a point of doing KYC without being forced to, in this case I do KYC in the old and reliable casino

Like i said in one of my comments earlier in another thread, some players know that indeed, passing KYC is important as this is one of the ways casinos get to put the bad eggs away, but some players are most concern of the safety of their kYC documents in the database/hands the casino, for all i know, some casino, most especially the illegitimate or less popular ones could sell this documents to third parties for monetary profit, and whatever this third party entities do with the documents, only God knows , so i personally do not judge or blame gamblers who are always skeptic about kyc verification.

But my advice the all players is to always stick with the legitimate casinos that have earned a good reputation by their long years of service to the gambling industry without complaint of misconduct or misuse of players identity documents.

KYC verification is good for everyone, and bypassing KYC verification is not really important in some of the gambling platforms i know very well, so I'm trying to tell you, to understand that gamblling is very risk and in a platform that demands verification or documentation of details, the user supposed at least to know that KYC is for the benefit of the player, so at least you have to understand such scenario that KYC very is necessary.

I had seen on some sites that Cloudbet had some accusations, but I am not those people who investigate fraud or things like that, because I am not good at detective things or lawyer things, for these things you must have knowledge of the law, and read a lot about the terms and conditions, also know well what laws are applicable in the casinos and countries that admit this type of business.

I have always thought that casinos are the best businesses there are and that in order not to close them or go bankrupt, the first thing they have to do is comply with all the regulations of the law.

Thanks for sharing your experience and glad to see Cloudbet, one of the real OG Crypto Casino being around since 2013, is still operating professionally.

Also congrats for your win : 30 ETH is quite a nice Christmas gift you made to yourself.

It is good that everything is OK with you and you make such post. I play Cloudbet and KYC is obligatory. It is better to pass KYC after registration. Cloudbet is a licenced casino and passing KYC is demand of regulator.

So my account is fully open, verified and the cashout has just been processed.

Cloudbet is defintely a legit site.

I am changing my original post and adding the withdrawal  time.

Here is a link to screenshot with the withdrawal:

https://files.fm/f/fw5np4ptp

The one you used is a file hosting site as far as I understand whilst you should use a image hosting one: I use www.postimage.org for example , anyway I worked it out for you

   

that should be done by many casinos because in that way it can make the reputation of the casino also good in the eyes of everyone, if indeed there are people who report allegations with complete evidence there is nothing wrong with the casino responding immediately and explaining the root of the problem in the thread, so that this doesn't happen also the concern for other gamblers, because if we all know the problem will make the casino's reputation good 

Thank you for the info and for the help.

Can something like this work. I generated a link to the screenshots:

https://files.fm/u/zns8a9wvj?ak=31a3a

Generally speaking to upload images  here you should use a image hosting site and post the link here using this syntax


but your newbie status doesn't allow you to have picture displayed.

So, if you want, just post the link to the screenshots you uploaded and I will quote your post to make them displayed.

Following your experience on cloudbet btw.

Hi all,

So I opened my account and played on cloudbet yesterday.

The site is very good with a large selection of games and easy to navigate.

I deposited around 4ETH. And just played 3 hands in live evolution baccarat with Max bets.

4 to 8

8 to 16

16 to 32ETH

I cashed out 30ETH. Contacted the support there and asked for processing time for withdrawals. Was told that it could take up to 48 hours.

Today i woke up to an email from cloudbet asking for full KYC which is pretty standard. As I am a seasoned gambler i do know that this is a process that casinos have from time to time. I uploaded all the requested documents 10 minutes ago.

It will be interesting to see how quickly cloudbet handles KYC and withdrawal processing as I have never had any issues playing at tons of online casinos. It looks like its standard routine that account gets disabled when in the KYC process as I can't log into my cloudbet account for now.

Total points from me so far:

Game selection 10/10

Betting limits 10/10 high limits

User flow: 8/10

Withdrawal speed: 9/10 (account got completely verified and the cashout was completed within 24 hours) check my later post.

I will update this post in handling of the  KYC and processing time.

I tried uploading some pictures and screen shots but dont know How to do this.

what documents they ask u for the kyc ?

A serious possible scam victim would show proofs or other backup document to support their claims. Posting a proofs doesn't hurt a victim this is why I think those accusation that doesn't have any proof or any supporting documents isn't valid and should not receive an attention to the accusation they are doing. I believe that it is one of the casino responsibility to respond to those scam accusation against them or if they didn't, the consequence that they will face could escalate into losing a big number of customer which is a crucial problem to them. I agree with @tranthidung that most of the accusation is about the TOS.

Usually, but not all of course, many accusations are invalid at the end. Though it is a most common ending, I would not automatically call all accusations against a casino is invalid. Evidences must be compared from two sides and in some investigations, it needs to have mediator to investigate further and close a case.

Cloudbet has some accusations and if I am not wrong, it usually relates to their Terms of service about VPN and restricted area. Beyond that, they did not have problems with payment, withdrawal approval for their customers.

If I am not wrong again, cases I read in the past ended as people who came to complain, are cheaters (account farms, compromise with same bet pattern) on their casino.

Of course, it does not mean all new cases, new accusations will have a same ending. Investigation must be done case by case.

I agree that a casino should have a representative on the forum, if not the owner, should be another one, PR lead, whatever.

I guess the last active time is when Cloudbet came here to discuss about their latest signature campaign which was launched in April 2022.

Cloudbet signature campaign.

On Twitter, their latest tweets are in August too.