Stake lvl 2 verification | Bitcointalksearch.org

Botnake

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Quote from: Awaklara on December 07, 2024, 12:21:56 AM

Quote from: Botnake on December 06, 2024, 09:41:29 PM

Stake implementing this requirement likely means one thing: regulators are directing them to do it, which also means they’re being monitored carefully.

it could happen, with the large amount of money circulating at Stake which makes them able to get supervision. after all, previously they were not a casino that would not ask for KYC. maybe previously gamblers were not required to do KYC and could still play and even make withdrawals. now Stake has taken a policy that will definitely make its users choose to do KYC or leave Stake. even with the bonus offer given by Stake for its users who successfully do KYC within a certain period, Stake really appreciates its customers. maybe some feel this is a setback because those who previously gambled for years at Stake without KYC have to be made difficult with KYC. even though the process is not actually difficult.

Actually, even now, you can still gamble on Stake without verifying your KYC. However, once the deadline passes and you haven’t complied, your account will switch to withdrawal-only mode.

This is happening because regulations change over time, and I’m sure Stake wouldn’t enforce KYC unless it was strictly required of them as a casino. So, they don’t really have a choice, and neither do we - if we want to continue gambling on Stake, we’ll need to comply.

Mahanton

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Quote from: AHOYBRAUSE on December 07, 2024, 11:40:42 AM

Quote from: Haunebu on December 07, 2024, 10:44:48 AM

Quote from: Mahanton on December 07, 2024, 05:08:30 AM

So if they cant able to have that level 2 verification by 31 of this month then the only option they could have is to make out some withdrawal of their funds inside of their casino account.
It would really be that up to them whether they would be finding another place to play or bet on but to know that Stakes reputation on which it wont really be giving out some doubts for
someone to make out some verification basing up on the credibility and popularity of the said site. So it will really be up to your choice.

I feel that they might extend that particular date soon since some gamblers might not be aware of these new rules and could miss the deadline. They will definitely lose some players though since many gamblers detest KYC with a passion.

However, the loss will probably not affect them in a big way thanks to their overwhelming popularity in the crypto space.

I doubt they will extend it. There must be a reason for choosing this date, maybe it has something to fo with the license or whatever. What they will do (I guess) is leaving the option open to verify on a later point to regain access to everything stake offers, that would make sense.
But of course we can only wait and see what some players that are actually affected by this will share once the new year has come. Until then everything is just an assumption I guess.

This will surely be in connected to legal means on which if the government will really be requiring for them to pass up those requirements or changes then pretty sure they will
really be not tending to extend this one. If gamblers wont really be able to make out some complying about into these changes or KYC itself then Stake will definitely be doing
on what they must do. This will really be affecting their user numbers but knowing Stake they are really that aggressive when it comes to marketing on which pretty sure that they had already made
out some back ups whenever they do loses up some loyal customers. Just like on what i have said above if they turned out to be that accepting those changes and really trusted up Stake
on which having KYC wont really be that an issue for them.

AHOYBRAUSE

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Quote from: Haunebu on December 07, 2024, 10:44:48 AM

Quote from: Mahanton on December 07, 2024, 05:08:30 AM

So if they cant able to have that level 2 verification by 31 of this month then the only option they could have is to make out some withdrawal of their funds inside of their casino account.
It would really be that up to them whether they would be finding another place to play or bet on but to know that Stakes reputation on which it wont really be giving out some doubts for
someone to make out some verification basing up on the credibility and popularity of the said site. So it will really be up to your choice.

I feel that they might extend that particular date soon since some gamblers might not be aware of these new rules and could miss the deadline. They will definitely lose some players though since many gamblers detest KYC with a passion.

However, the loss will probably not affect them in a big way thanks to their overwhelming popularity in the crypto space.

I doubt they will extend it. There must be a reason for choosing this date, maybe it has something to fo with the license or whatever. What they will do (I guess) is leaving the option open to verify on a later point to regain access to everything stake offers, that would make sense.
But of course we can only wait and see what some players that are actually affected by this will share once the new year has come. Until then everything is just an assumption I guess.

Haunebu

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Quote from: Mahanton on December 07, 2024, 05:08:30 AM

So if they cant able to have that level 2 verification by 31 of this month then the only option they could have is to make out some withdrawal of their funds inside of their casino account.
It would really be that up to them whether they would be finding another place to play or bet on but to know that Stakes reputation on which it wont really be giving out some doubts for
someone to make out some verification basing up on the credibility and popularity of the said site. So it will really be up to your choice.

I feel that they might extend that particular date soon since some gamblers might not be aware of these new rules and could miss the deadline. They will definitely lose some players though since many gamblers detest KYC with a passion.

However, the loss will probably not affect them in a big way thanks to their overwhelming popularity in the crypto space.

Mahanton

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Quote from: DiMarxist on December 07, 2024, 01:09:50 AM

Quote from: Awaklara on December 07, 2024, 12:21:56 AM

Quote from: Botnake on December 06, 2024, 09:41:29 PM

Stake implementing this requirement likely means one thing: regulators are directing them to do it, which also means they’re being monitored carefully.

it could happen, with the large amount of money circulating at Stake which makes them able to get supervision. after all, previously they were not a casino that would not ask for KYC. maybe previously gamblers were not required to do KYC and could still play and even make withdrawals. now Stake has taken a policy that will definitely make its users choose to do KYC or leave Stake. even with the bonus offer given by Stake for its users who successfully do KYC within a certain period, Stake really appreciates its customers. maybe some feel this is a setback because those who previously gambled for years at Stake without KYC have to be made difficult with KYC. even though the process is not actually difficult.

And this will force many old Stake users to leave the casino when they can't complete the KYC verification. The bonus offer doesn't attract many because they believed in privacy but the decision has been taken by stake so everyone most do the KYC verification and if any refuse to do then he or she must leave the casino for another. And from the it is, many are doing it because of the bonus. Those who don't have much funds in the casino account would like to do it so they can have the $250 to play games in the casino. Everyone has their different reasons to do and not to do. And the choice is theirs.
And what Awaklara said is not far from the truth. The regulators might have instructed them to verify all the accounts in the casino.

If we do try to look up on what would happen then everything could be seen on here.

2. What happens if I miss the 3-month deadline for verification?

If you don’t complete Level 2 verification by 31st December 2024, your account will switch to withdraw only mode. This means you won't be able to deposit or place bets but can still withdraw your funds and claim bonuses. However, as soon as you complete Level 2 verification, you’ll be able to deposit and place bets again.

Source: https://help.stake.com/en/articles/10056332-level-2-verification-common-questions

So if they cant able to have that level 2 verification by 31 of this month then the only option they could have is to make out some withdrawal of their funds inside of their casino account.
It would really be that up to them whether they would be finding another place to play or bet on but to know that Stakes reputation on which it wont really be giving out some doubts for
someone to make out some verification basing up on the credibility and popularity of the said site. So it will really be up to your choice.

EarnOnVictor

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Quote from: Awaklara on December 07, 2024, 12:21:56 AM

Quote from: Botnake on December 06, 2024, 09:41:29 PM

Stake implementing this requirement likely means one thing: regulators are directing them to do it, which also means they’re being monitored carefully.

it could happen, with the large amount of money circulating at Stake which makes them able to get supervision. after all, previously they were not a casino that would not ask for KYC. maybe previously gamblers were not required to do KYC and could still play and even make withdrawals. now Stake has taken a policy that will definitely make its users choose to do KYC or leave Stake. even with the bonus offer given by Stake for its users who successfully do KYC within a certain period, Stake really appreciates its customers. maybe some feel this is a setback because those who previously gambled for years at Stake without KYC have to be made difficult with KYC. even though the process is not actually difficult.

You are one of those who understand the situation and know that Stake is generous and fair. If it is possible for Stake to continue to operate without KYC, I am sure that they will opt for it, but they must have been in a very difficult situation, and the larger your customer base and rivals (economic and political), the more you might be forced to take some drastic measure. A lot is happening in the business world that we do not know and the least anyone can do now is to support Stake which is doing what he never did for many years ago even as it comes with some perks.

DiMarxist

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Quote from: Awaklara on December 07, 2024, 12:21:56 AM

Quote from: Botnake on December 06, 2024, 09:41:29 PM

Stake implementing this requirement likely means one thing: regulators are directing them to do it, which also means they’re being monitored carefully.

it could happen, with the large amount of money circulating at Stake which makes them able to get supervision. after all, previously they were not a casino that would not ask for KYC. maybe previously gamblers were not required to do KYC and could still play and even make withdrawals. now Stake has taken a policy that will definitely make its users choose to do KYC or leave Stake. even with the bonus offer given by Stake for its users who successfully do KYC within a certain period, Stake really appreciates its customers. maybe some feel this is a setback because those who previously gambled for years at Stake without KYC have to be made difficult with KYC. even though the process is not actually difficult.

And this will force many old Stake users to leave the casino when they can't complete the KYC verification. The bonus offer doesn't attract many because they believed in privacy but the decision has been taken by stake so everyone most do the KYC verification and if any refuse to do then he or she must leave the casino for another. And from the it is, many are doing it because of the bonus. Those who don't have much funds in the casino account would like to do it so they can have the $250 to play games in the casino. Everyone has their different reasons to do and not to do. And the choice is theirs.
And what Awaklara said is not far from the truth. The regulators might have instructed them to verify all the accounts in the casino.

Awaklara

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Quote from: Botnake on December 06, 2024, 09:41:29 PM

Stake implementing this requirement likely means one thing: regulators are directing them to do it, which also means they’re being monitored carefully.

it could happen, with the large amount of money circulating at Stake which makes them able to get supervision. after all, previously they were not a casino that would not ask for KYC. maybe previously gamblers were not required to do KYC and could still play and even make withdrawals. now Stake has taken a policy that will definitely make its users choose to do KYC or leave Stake. even with the bonus offer given by Stake for its users who successfully do KYC within a certain period, Stake really appreciates its customers. maybe some feel this is a setback because those who previously gambled for years at Stake without KYC have to be made difficult with KYC. even though the process is not actually difficult.

Botnake

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Quote from: OgNasty on December 06, 2024, 01:23:19 PM

Certainly for people who don’t want to go through the procedure of KYC this will be a ln unwelcome development. For the industry as a whole though I think it is good. Stake is becoming even more legitimate which will propel growth for the industry and those who want to flee due to KYC will be looked at as a market opportunity for smaller operations. Just stay safe out there. Not everyone is as reputable as Stake.

That’s exactly the point, we have to choose between valuing our privacy and gambling at less reputable casinos. Stake has built its reputation over time, and we know they’re among the top casinos in the crypto gambling industry. If we want to keep using them, we need to comply with KYC.

Actually, this development benefits high rollers more, as most of them prefer enhanced security. Stake implementing this requirement likely means one thing: regulators are directing them to do it, which also means they’re being monitored carefully.

Hispo

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Quote from: Mate2237 on December 06, 2024, 01:17:14 PM

....

If things are like this then the future is not recommendable and things might fall apart against gamblers. You don't force gamblers to level up.

Those are the consequences of the immense level of liquidity and volume Stakes has, and the fact it's operations are pretty much worldwide,.with a few exceptions. Regulators always go and regulate their new rules on the big players on the industry,.before moving onto the smaller ones and also force the staff of the casino to make their gamblers to submit their informations to continue to use their services.
It is kind of ironic to me to see how many casinos over here which adverstime themselves as being fully free of Know your client processes, when in reality,.it will be just matter of time before the accumulate enough volume and prestige before the men in black knock on their door and ask them to comply, otherwise the casino gets shutted down.
Still, in the majority of the cases when comes to those casinos which advertise themselves as non-KYC they usually mean in their Terms of services that new gamblers are free from doing so, but at the moment of withdrawing winnings, the true colors of the casino policies appear..

OgNasty

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Quote from: Mate2237 on December 06, 2024, 01:17:14 PM

Quote from: ? on November 07, 2024, 02:09:37 AM

Hi. I received several emails from Stake regarding verification and receiving a $250 bonus for completing lvl 2 verification. I have been using the site for almost 4 years and I have invested a lot of time and energy into my account. Will I really lose access to my account if I don't verify by January? Sad

The only reason I signed up in the first place was to protect my privacy and I have had a lot of good memories using Stake, it would be unfortunate if I am forced to leave in the New Year. Undecided

There should be no offense, punishment and crime to leave a casino if the players.want to. And the f you know that you can't submit your KYC to level up to the lvl 2 of the casino then you can withdraw your funds and use another casino. There are many casinos that coming to the industry this days that there is no KYC and casinobet is one of them. And it is not good to compel gamblers to submit their KYC by placing a specific amount. Upgrading my f account in a casino should be automatic once the gambler is qualified to level up.

If things are like this then the future is not recommendable and things might fall apart against gamblers. You don't force gamblers to level up.

Certainly for people who don’t want to go through the procedure of KYC this will be a ln unwelcome development. For the industry as a whole though I think it is good. Stake is becoming even more legitimate which will propel growth for the industry and those who want to flee due to KYC will be looked at as a market opportunity for smaller operations. Just stay safe out there. Not everyone is as reputable as Stake.

Mate2237

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Quote from: ? on November 07, 2024, 02:09:37 AM

Hi. I received several emails from Stake regarding verification and receiving a $250 bonus for completing lvl 2 verification. I have been using the site for almost 4 years and I have invested a lot of time and energy into my account. Will I really lose access to my account if I don't verify by January? Sad

The only reason I signed up in the first place was to protect my privacy and I have had a lot of good memories using Stake, it would be unfortunate if I am forced to leave in the New Year. Undecided

There should be no offense, punishment and crime to leave a casino if the players.want to. And the f you know that you can't submit your KYC to level up to the lvl 2 of the casino then you can withdraw your funds and use another casino. There are many casinos that coming to the industry this days that there is no KYC and casinobet is one of them. And it is not good to compel gamblers to submit their KYC by placing a specific amount. Upgrading my f account in a casino should be automatic once the gambler is qualified to level up.

If things are like this then the future is not recommendable and things might fall apart against gamblers. You don't force gamblers to level up.

ajiz138

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Quote from: Z_MBFM on December 06, 2024, 11:33:12 AM

It's been 48 hours since I submitted KYC myself but till now its on review page. I am in confusion whether my kyc will be approved because from my country I can't access stake without Vpn. This means this site is banned from my country. Still since I have been gambling here for a long time so submitted kyc with my driving license and rest is their decision

Make sure your driver's license photo is clear with no glare so that the KYC approval process is faster or indeed because there are many KYC submissions the staff now review it a lot, because I myself used to only take a little time to be approved.

Now I don't know about cases like yours where using a VPN in the past was not a problem, but maybe the staff is investigating or reviewing your KYC more thoroughly.

I am sure you will get an update.

Woodie

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Quote from: Z_MBFM on December 06, 2024, 11:33:12 AM

~SNIP~
It's been 48 hours since I submitted KYC myself but till now its on review page. I am in confusion whether my kyc will be approved because from my country I can't access stake without Vpn. This means this site is banned from my country. Still since I have been gambling here for a long time so submitted kyc with my driving license and rest is their decision

From personal experience, KYC takes a little time here and needs alot of patience Roll Eyes

...
sometimes it takes some persuasion of their support staff to look into it because it can be stuck under the review tag for weeks and in some cases month's... Btw if you can submit KYC documents for other levels do it..(lvl 3 & lvl 4)

Hope you get verified soonest and update us on how long this took Cool

Z_MBFM

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Quote from: panjul07 on December 06, 2024, 08:35:18 AM

Quote from: AHOYBRAUSE on December 06, 2024, 03:08:35 AM

There is 1 lesson to be learned from that, never take the first offer. Grin

When my friend began to get these emails they also started with 25$. Some time later is was 50$. Grin

Then the announcement of the upcoming mandatory KYC came and they offered 50$ again. Some weeks later it was 100$ and then up to 250$.

Told him from the beginning to wait, he wanted to do it when they offered 50$ but I advised him to wait again because I had a feeling it might get more, and so it did.

Just heard about this story, so basically delaying the KYC for higher offer is worth for those who do not mind to do KYC.
Wondering how much will be offered to those whose 1st offer was $250, will the offer increased as well if the players delaying it?
Lucky them who get the offer for KYC, we are those who did KYC for free without any bonus LOL.

I keep getting emails for Level 2 verification and I'm being offered a $50 bonus which will be credited on Wednesday. They give weekly bonus every wednesday and at that time also send kyc verification bonus to all new verified users.

It's been 48 hours since I submitted KYC myself but till now its on review page. I am in confusion whether my kyc will be approved because from my country I can't access stake without Vpn. This means this site is banned from my country. Still since I have been gambling here for a long time so submitted kyc with my driving license and rest is their decision

freedomgo

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Quote from: panjul07 on December 06, 2024, 08:35:18 AM

Just heard about this story, so basically delaying the KYC for higher offer is worth for those who do not mind to do KYC.
Wondering how much will be offered to those whose 1st offer was $250, will the offer increased as well if the players delaying it?
Lucky them who get the offer for KYC, we are those who did KYC for free without any bonus LOL.

I’m sure this isn’t for every account. Stake would lose a lot of money if they just handed out $250 to everyone to encourage compliance with the Level 2 KYC requirement. This is likely targeted at selective accounts, specifically those wagering big amounts, as a way to retain their most valuable gamblers.

Just FYI, this $250 is like a pure bonus with no strings attached, making it a very attractive offer. However, as reported, this offer is only valid until the end of the year, which is also the deadline for all accounts to complete their KYC registration.

panjul07

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Quote from: AHOYBRAUSE on December 06, 2024, 03:08:35 AM

There is 1 lesson to be learned from that, never take the first offer. Grin

When my friend began to get these emails they also started with 25$. Some time later is was 50$. Grin

Then the announcement of the upcoming mandatory KYC came and they offered 50$ again. Some weeks later it was 100$ and then up to 250$.

Told him from the beginning to wait, he wanted to do it when they offered 50$ but I advised him to wait again because I had a feeling it might get more, and so it did.

Just heard about this story, so basically delaying the KYC for higher offer is worth for those who do not mind to do KYC.
Wondering how much will be offered to those whose 1st offer was $250, will the offer increased as well if the players delaying it?
Lucky them who get the offer for KYC, we are those who did KYC for free without any bonus LOL.

Coin_trader

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Quote from: Sanitough on December 06, 2024, 07:38:44 AM

Quote from: 3kpk3 on December 06, 2024, 03:44:15 AM

Reread the post carefully. Stake is getting more and more centralised with time implying that government regulations are forcing them to enforce higher levels of KYC as time passes sadly.

Stake has always been centralized when it comes to their games, but this KYC requirement is a different story. It’s not surprising, though, it’s been expected that sooner or later, most popular crypto casinos would have to enforce KYC requirements. As crypto becomes more mainstream, governments are bound to tighten regulations, especially since casinos are often targeted by money launderers looking to clean their dirty money.

It’s more of a precautionary measure, but if this privacy issue bothers us, we always have the option to walk away and look for other casinos that still have more relaxed KYC policies. There are always alternatives, but this trend seems inevitable as the industry evolves.

Stake.com still has their original games which promotes provably fair games. I’m not sure if I understand the centralized game both of you referring here but I’m assuming centralized game like slot which the result can’t be verified unlike house games that fairness can be verify in the blockchain.

Regulation is inevitable all services that generates profit from their customers. Gambling industry is just to be regulated strictly but this is the future if we want this business to continue operating smoothly.

Sanitough

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Quote from: 3kpk3 on December 06, 2024, 03:44:15 AM

Reread the post carefully. Stake is getting more and more centralised with time implying that government regulations are forcing them to enforce higher levels of KYC as time passes sadly.

Stake has always been centralized when it comes to their games, but this KYC requirement is a different story. It’s not surprising, though, it’s been expected that sooner or later, most popular crypto casinos would have to enforce KYC requirements. As crypto becomes more mainstream, governments are bound to tighten regulations, especially since casinos are often targeted by money launderers looking to clean their dirty money.

It’s more of a precautionary measure, but if this privacy issue bothers us, we always have the option to walk away and look for other casinos that still have more relaxed KYC policies. There are always alternatives, but this trend seems inevitable as the industry evolves.

3kpk3

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Quote from: EarnOnVictor on November 28, 2024, 03:38:32 AM

However, Stake did not do that, but 1. it publicly announced it and 2. also offered a reward, that's awesome!

There is nothing awesome about higher levels of KYC becoming the norm in the crypto gambling world since the core anonymity aspect keeps dropping. Think!

Quote from: EarnOnVictor on November 28, 2024, 03:38:32 AM

This is not new, Stake has always been centralised.

Reread the post carefully. Stake is getting more and more centralised with time implying that government regulations are forcing them to enforce higher levels of KYC as time passes sadly.

Topic: Stake lvl 2 verification (Read 1872 times)