Topic: Crypto casino that doesn't ask for KYC (documents) at withdrawal (Read 976 times)

You are very correct and I completely agree wit you, I usually don't have issues with KYC when it just involves submitting my personal government issued ID card and taking pictures or a short video, or maybe a video chat or something, but when it gets to this level of providing my source of fund to casino or may an exchange, it's a real trouble for me..
And I am actually very glad that ever since I started doing things online and passing kyc verification, I've never gotten to that stage of having to provide my source of income, on Stake, I am currently on level 2 verification and have no plan of going beyond that level.

But then on the other hand, sometimes, the casinos forces a gambler to do this level of kyc or else, loose not just the account, but also a large sum of money that the gambler have won and he or she is trying to withdraw, at such a circumstance, what will you do? Imagine winning over a $100,000 and trying to withdraw the money, and the casino asked for a proof of fund verification, would you forfeit this money back to the casino and as well loose the account?

If situation came that they ask proof of funds or any more deeper information about ourselves then provably I will not cooperate with them and seek for another casino that only ask basic information when they asked KYC. Since for me its to much for asking that information while we want only to gamble in their casino.

There's lots of reputable choices here and will not settle for casino who implement more stricter KYC rules to their costumers.

For sure the casino ask that will lose a lot of costumer since to many gamblers don't really like KYC at first place but they just accept that it needed to submit an ID due to regulation, but if proof of income has been asked I guess this is main reason for them not to gamble anymore since security is more important than playing a risky game.

Totally understandable about money laundering matters and since these businesses are really that regulated or licensed then they are really that complying governments rules on which it is really that a standard thing. When it comes to verification levels on which it does really give out that kind of question on why they do really comes into a point on asking out source of income? Aren't giving your personal details isn't enough?  Just like on what mentioned above by other poster that I would rather lose up gambling account or some funds if they would really be asking out this kind of verification on which this is really something which is too much.

As for worrying about withdrawals on which there are still some sites or platforms that doesn't ask out some verification and that is something that we do want. You won't really be that having those worries because you are confident that you could take out your winnings without any issues, because you've been dealing up with a legit platform. Never ever tend to deposit carelessly into the sites or platforms that doesn't have some known reputation.

I'm with you at this stage, I also will never do the next level of KYC where I have to provide source of funds.
I'd prefer to lose my gambling account although it is on my favorite casino if they ask me to provide it.
KYC level 2 or where it is just about providing personal document such as ID Card or Passport is still fine for me.

Honestly, I hate it when a casino asks for my source of funds. It feels like giving away a secret. In that case, maybe we could just lie a bit? Like, say it’s from remittances or allowance from parents or relatives who support us? Because if we actually have a business and they ask for permits, licenses, and bank accounts, that’s like setting ourselves up for trouble, if you ask me.

Brilliant take. Casinos are just businesses that are trying to survive in this saturated landscape which is why it makes sense as to why they request KYC only during withdrawals and not during deposits even though it seems unethical.

I'm fine with providing simple KYC stuff like ID proof, address proof etc, but advanced KYC like source of funds, video KYC etc for simple reasons is nonsensical.

Maybe what the ops is looking for is a decentralized casino that have no requirements for KYC verification, if not as long as the gambling sites is a centralized casino, you have to respect that their license demands them to always know their customers and if they don't abide by such a policy to ask for verification from player's at some point, their license could be revoked, and their be forced out of the market, that is why, any cryptocurrency casino that is decentralised always have that tendency to ask for KYC to fulfil their Anti money laundering regulations.

Unless if a casino want to become a trap for the player that is when and where their may say, they don't require KYC to play on them, but on the long run, the gambler will eventually be asked to verify their accounts one way or the other.

So anything that make you to create an accoyon centralised casinos, just be ready to hand out you documents for verification any point you are asked for, this is the only way to keep your account active on such a site.

Actually there is a reason why they implement KYC where there will be a connection with money laundering or other bad things, as we see now, the Tampa KYC word promotion is the main key to new casinos, after we play and make a withdrawal, there will be a KYC requirement for withdrawals so not 100% of casinos do not do KYC

But we arent seeing these stuffs right? but rather they wouldnt really be mindful or having those strict imposing of rules about before making some big deposits then they should have made or comply the KYC first
on which we know that this mostly will really be done on the moment that you do make out some withdrawal. Sounds new? No it isnt. We've been through with those horrendous and nightmare kind of scenarios on which platforms really do allow on making that huge deposits and asking nothing but on the moment that tries out to withdraw then this is where shit things starts to happen. On the moment or time that you have sin something significant then you wont really be bothered about complying with those requirements on which as long you do able to get your winnings then this would really be your outmost priority. It do really just sucks that if they were really that asking verification in the first place then they should be asking it out since from the start so that there would really be that smooth transaction with those future transactions or request that be done by a certain user. Actually there would be no problems as long you do deal up with a known and reputable site but if we do speak about into those new ones or havent established out their company or
site yet in terms of reputation and popularity then there would really be those probabilities that you wont be able to get your winnings due to that issue.

Although I was so minor about that, but since you brought it out I think it's good to "iron it out." The truth is that the world of payment has never been fair to the customers (not casino alone), it's all about the company, and the regulators even gave them a high degree of freedom and flexibility. This can only explain why you would be able to deposit $100,000 without any KYC but won't be able to withdraw $1 without KYC. Is that fair? No, because "what is good for the goose is good for the gander." That adage is fairness. Fine, they are regulated and must obey the regulation, I wonder why the law did not state it emphatically that no company must receive a dime from any client/customer without a KYC as well. It is then we can talk about fairness.

in the end they ask for KYC 
even though it is basic KYC I think we also have to be careful in this matter, so it is better to play on one site or a few sites that do KYC not on all gambling sites
because KYC is currently very vulnerable to fraud and data sales for bad things and even harm the data owner

There are so many casinos that will not ask for KYC but at the long run, they will always ask for KYC even though it's a simple one that will will require you to submit your identity only without going as far as asking for proofs of location r nationality. Privacy is what we should ensure we stick to because it's not every casinos that we have to do KYC since their are many that will always sell our information to the  public and can be used against us in the future. Maybe the government may make this process more difficult for us in the future by the time they start fighting against decentralized casinos.

For a casino not to request KYC information is almost impossible, only decentralized casinos, all casinos require KYC and that was something that was implemented in a mandatory way to ensure all privacy and with multiple excuses, such as security, so that they don't hack you, blah blah and blah, we all know that a casino can be hacked and they can steal, there is nothing safe there, if you look for a centralized casino without that requirement I would tell you that it is impossible at this point.

You both are correct and I completely agree, this is something I believe we have discussed several times in the gambling discussion board.
We have to know that some casinos are very trickish and will do any thing to make sure they do not pay their player who wins a good amount of money. And one of the means they rely on is through kyc, and this is usually when they ask for documents that they know that the player won't find easy providing..

The best way to avoid such as the above from happening is always to first pass the kyc verification before making any form of deposit to the casino, and if the casino does not allow kyc before deposit, then the management of that casino must be up to something and such casino should be avoided.

That is it and is always like that, I also advised most of my friends to pass kyc already before making deposit to start using the site. Many people are victims of these casinos and they are usually trapped when they make huge winning in the casino and of course casinos mostly carry out that operation if they are not ready to pay huge amount to the users and if they are not able to provide such kyc they would seize such amount from them.

Yes, it looks like it but I doubt if it's global, it may be the stake.us or other jurisdictions where regulation is now tougher. I said this because I didn't receive any email to inform me of such a development and neither did anyone I know using Stake inform me of such.

This is why it's good you have a legit means of earning, otherwise, if you are dealing with some risky activities like trading and gambling and you can't prove the source of funds when required, the money is gone. Many might have just been gambling for years without additional verifications but as it has progressed to everyone verifying now, it will soon get to the turn of everyone providing their source of funds.

It seems regulation is winning!

Stake has announced its mandatory KYC so, it's no longer your choice with those cryptos that you want to gamble.

You're right, for small time gamblers it's not a mandatory thing. But we're getting the point from stake and other casinos that they were once a non-kyc casino but then, asked it as a mandatory requirement. So, those at some point of their prime and popularity now and they're not asking for it, one day they will make it as an obligatory.

This is one. But they're not just too lovable at all, maybe the interest isn't there yet but they can be an alternative.

If a gambler is just betting small amounts, then KYC probably isn't a big deal. Even though most popular casinos here are KYC-compliant, they don’t usually ask for it unless it’s necessary. But the OP should be ready, since regulations can change, and the casinos have to adapt.

I’ve noticed some Telegram casinos showing up; maybe they’re the solution? Correct me if I’m wrong, though. I’m not too familiar with that kind of platform.

That is for sure, as we know the era we have now. Being online is now easily accessible and the hype of online casinos are still there. If you like to hang out online, you can came across a different website/casino but it does not mean that you will register and play on them for a long time but the number of unknown casinos to us must still be more than it. They might be a smaller casino and usually a small casino don't have a license yet, so they don't also have a KYC for now. Professional casinos will still have an early warning before they change their rules, so we can always packed our bags and migrate to other KYC-friendly casinos.

It all depends, some may not require for kyc on making withdrawals but will give a minimum withdrawal amount, which if you're unable to have such balance on your account, you may not be able to withdraw and this is something entirely different from the normal kyc related issues affecting gamblers from making withdrawals, from my experience, most casinos will demand for kyc before allowing for making withdrawal except for few.