Stake lvl 2 verification - page 2. | Bitcointalksearch.org

AHOYBRAUSE

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Quote from: BabyBandit on November 21, 2024, 06:15:29 AM

I can confirm this! Also $250 for completing KYC Level 2 is crazy.
I did get an e-mail this summer I think it was in August like "Complete Level 2 KYC sooner than 14 days and get $25 free"
So I completed KYC 2 at Stake this summer and I got the $25 which I was happy with.

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.

EarnOnVictor

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Quote from: Haunebu on November 23, 2024, 12:58:15 AM

Quote from: EarnOnVictor on November 23, 2024, 12:30:37 AM

For Stake to even give anything at all (even if it's $1) means that they truly care, many others would have forced you one way or another to complete the KYC without giving you a dime.

They are a business at the end of the day and this is just a clever tactic to ensure that their customers quickly complete their level 2 KYC verification since they have no shortage of money basically.

Business tactics or not, many casinos will not give you a dime and will still force you to complete the KYC one way or another. It could be good for those who do not have money with them and still have the opportunity to know about the situation to avoid the casino. They will make sure that those who have the money there complete the KYC before being able to withdraw their money, and will also ensure that they silently achieve the same with any fresh deposits. However, Stake did not do that, but 1. it publicly announced it and 2. also offered a reward, that's awesome!

Quote

It's a mutually beneficial tactic, but it sucks to see more and more proper crypto gambling sites become centralised in this manner which we all knew was coming.

This is not new, Stake has always been centralised.

Dunamisx

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Quote from: freedomgo on November 26, 2024, 07:40:20 AM

Quote from: Dunamisx on November 25, 2024, 02:42:39 PM

I don't see any injustice from the stake gambling casino because they have already given their members a notification and this is coming prior to the due date, so every reasonable member is going to make sure that they are having all that has bee required for the verification ready before the due date except if they want to risk being placed under restriction in some certain aspects concerning the use of the platform for gambling.

Most gamblers aren’t fans of KYC, but calling it "injustice" isn't fair. Stake, being a licensed casino, has to follow the rules, and mandatory KYC is part of that package. It’s not like they’re doing this out of nowhere., it’s required, plain and simple.

What’s impressive, though, is how they’ve approached it. They didn’t rush anyone, gave gamblers plenty of time to comply, and even threw in a $250 bonus for some. So I'd like to ask, how many casinos would go out of their way to make it that smooth while following strict rules? Not many, if any...

You're right and i think we are driving out the same point here, gamblers should start thinking of how they could be able to pass out all the requirement procedures on kyc demand in other for them to keep on enjoying their preferred gambling platform, this may not have to be on stake alone, but every other one which may be requiring them to go through the kyc proceedings.

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Quote from: Dunamisx on November 25, 2024, 02:42:39 PM

I don't see any injustice from the stake gambling casino because they have already given their members a notification and this is coming prior to the due date, so every reasonable member is going to make sure that they are having all that has bee required for the verification ready before the due date except if they want to risk being placed under restriction in some certain aspects concerning the use of the platform for gambling.

Most gamblers aren’t fans of KYC, but calling it "injustice" isn't fair. Stake, being a licensed casino, has to follow the rules, and mandatory KYC is part of that package. It’s not like they’re doing this out of nowhere., it’s required, plain and simple.

What’s impressive, though, is how they’ve approached it. They didn’t rush anyone, gave gamblers plenty of time to comply, and even threw in a $250 bonus for some. So I'd like to ask, how many casinos would go out of their way to make it that smooth while following strict rules? Not many, if any...

Dunamisx

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I don't see any injustice from the stake gambling casino because they have already given their members a notification and this is coming prior to the due date, so every reasonable member is going to make sure that they are having all that has bee required for the verification ready before the due date except if they want to risk being placed under restriction in some certain aspects concerning the use of the platform for gambling.

Odusko

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Quote from: Fivestar4everMVP on November 25, 2024, 11:48:01 AM

Quote from: Ziskinberg on November 24, 2024, 05:33:31 PM

Quote from: Hispo on November 24, 2024, 05:18:50 PM

To be honest, I always thought most casinos went for Curaçao licenses instead of getting regulated in other major countries like the United States or the United Kingdom because it was relatively cheaper for them to go with Curaçao and perhaps even faster to get down with all the paperwork involved during the process of issuing the licensing.

That’s a no-brainer, casinos will always go for license providers that make their operations smooth and hassle-free while still allowing them to reach their audience. The thing is, as long as these license providers don’t improve their oversight, gamblers will keep complaining. Most won’t even bother taking legal action. But if these license providers were doing their job, they’d spot the issues without waiting for formal complaints and take the necessary steps to improve the rules. Simple as that.

And do the license providers even care at all whether gamblers are complaining? I mean, the complaints don't seem to affect them in any way, so why exactly will they or should they care? Their business is direct with the casino and not the gamblers, while the gambler's business is direct with the casino and not the license providers.

Also, let us not assume or think that the license providers are superhuman beings; they are people like you and I and in need of money as well, so it's possible that they may as well be more interested in the money they are making from the casinos, than the satisfaction of gamblers.

I agree with both of you entirely because lately we have seen a lot of cases where gamblers cry back to the licensed agency of government to help them get their case sorted out with casinos and a lot of times they never get justice for that and sure all of us in the gambling community is now looking at them as being tax oriented, and as long as the casinos can offer to pay the fees for the license, thither offer them license and whatever the casinos do from then on is none of their business and this is a bad approach to how sec and agency do things in regards to licensed.

So we all should be on the lookout for casinos that don't play by the rules of fairness and avoid them; that is the reason we have constantly flagged bad, reputed casinos like 1xbits here in the forum.

Fivestar4everMVP

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Quote from: Ziskinberg on November 24, 2024, 05:33:31 PM

Quote from: Hispo on November 24, 2024, 05:18:50 PM

To be honest I always thought most casinos went for Curaçao licenses instead of getting regulated in other major countries like the United States or the United Kingdom, because it was relatively cheaper for them to go with Curaçao and perhaps even faster to get down with all the paperwork involved during the process of issuing the licensing.

That’s a no-brainer, casinos will always go for license providers that make their operations smooth and hassle-free while still allowing them to reach their audience. The thing is, as long as these license providers don’t improve their oversight, gamblers will keep complaining. Most won’t even bother taking legal action. But if these license providers were actually doing their job, they’d spot the issues without waiting for formal complaints and take the necessary steps to improve the rules. Simple as that.

And do the license providers even care at all whether gamblers are complaining? I mean, the complaints doesn't seem to affect them in any way, so why exactly will they or should they care, their business is directly with the casino and not the gamblers, while the gamblers business are directly with the casino and not the license providers..

And lets also not assume or think that the license providers are super human beings, they are people like you and i and in need for money as well, so it's very possible that they may as well be more interested in money they are making from the casinos, than the satisfaction of gamblers.

Taskford

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Quote from: Ziskinberg on November 24, 2024, 05:33:31 PM

Quote from: Hispo on November 24, 2024, 05:18:50 PM

To be honest I always thought most casinos went for Curaçao licenses instead of getting regulated in other major countries like the United States or the United Kingdom, because it was relatively cheaper for them to go with Curaçao and perhaps even faster to get down with all the paperwork involved during the process of issuing the licensing.

That’s a no-brainer, casinos will always go for license providers that make their operations smooth and hassle-free while still allowing them to reach their audience. The thing is, as long as these license providers don’t improve their oversight, gamblers will keep complaining. Most won’t even bother taking legal action. But if these license providers were actually doing their job, they’d spot the issues without waiting for formal complaints and take the necessary steps to improve the rules. Simple as that.

People could check here https://www.linkedin.com/pulse/types-licenses-online-casino-industry-cost-vivan-mandoliya-snedc the reason on why those online casino choose to get those licenses in that countries.

They also see that its more beneficial for their business to get those licenses so that they won't encounter any issues or experience further more restrictions especially that government want to legalize every businesses operating in their jurisdictions. But what sad part there is their counter action towards frauds since this activities still happening. Hopefully they can change and impose more stricter rules towards watching over their license platform and taking care of the issues raised to them by people affected by a casino they regulate.

Ziskinberg

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Quote from: Hispo on November 24, 2024, 05:18:50 PM

To be honest I always thought most casinos went for Curaçao licenses instead of getting regulated in other major countries like the United States or the United Kingdom, because it was relatively cheaper for them to go with Curaçao and perhaps even faster to get down with all the paperwork involved during the process of issuing the licensing.

That’s a no-brainer, casinos will always go for license providers that make their operations smooth and hassle-free while still allowing them to reach their audience. The thing is, as long as these license providers don’t improve their oversight, gamblers will keep complaining. Most won’t even bother taking legal action. But if these license providers were actually doing their job, they’d spot the issues without waiting for formal complaints and take the necessary steps to improve the rules. Simple as that.

Hispo

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Quote from: freedomgo on November 24, 2024, 04:26:29 AM

Quote from: Hispo on November 23, 2024, 09:33:33 AM

I would not like to sound extremely negative on that topic, on using KYC as a stalling tactic for shady casinos to steal from their lucky winners (or at least try to do so), but the vast majority of cases I have read online on casinos stalling winners with KYC are quite common while, on the other hand, I have not read about regulators pushing against those tactics or punishing casinos for abusing their KYC policies in order to delay delivering what is of gamblers property.

We can’t jump to conclusions, but your observation has merit because Curacao licenses are often criticized for providing less protection to players compared to stricter jurisdictions like the UK. That’s probably why most crypto casinos opt for a Curacao license as it’s more lenient and casino-friendly but not so much for the players.

That said, there’s some good news. I’ve read that Curacao is working on improving its oversight and regulatory functions. Hopefully, these changes will lead to better player protection, and we’ll see a positive shift in the near future.

To be honest I always thought most casinos went for Curaçao licenses instead of getting regulated in other major countries like the United States or the United Kingdom, because it was relatively cheaper for them to go with Curaçao and perhaps even faster to get down with all the paperwork involved during the process of issuing the licensing.
In general, I would like casinos not o ly to be licensed in a single jurisdiction which allows them to serve gamblers worldwide, the most licenses a casino holds, the better as it means there are several regulators watching not only on the activities of gamblers (who may be ill-intented) but also shady casinos which try to use their influence and the terms of service to go away with money they are supposed to give to the winner of a jackpot. Nobody likes regulation, until the moment one is getting rip off and needs and police officer to prevent it from happening.

freedomgo

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Quote from: Hispo on November 23, 2024, 09:33:33 AM

I would not like to sound extremely negative on that topic, on using KYC as a stalling tactic for shady casinos to steal from their lucky winners (or at least try to do so), but the vast majority of cases I have read online on casinos stalling winners with KYC are quite common while, on the other hand, I have not read about regulators pushing against those tactics or punishing casinos for abusing their KYC policies in order to delay delivering what is of gamblers property.

We can’t jump to conclusions, but your observation has merit because Curacao licenses are often criticized for providing less protection to players compared to stricter jurisdictions like the UK. That’s probably why most crypto casinos opt for a Curacao license as it’s more lenient and casino-friendly but not so much for the players.

That said, there’s some good news. I’ve read that Curacao is working on improving its oversight and regulatory functions. Hopefully, these changes will lead to better player protection, and we’ll see a positive shift in the near future.

Hispo

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Quote from: freedomgo on November 23, 2024, 06:58:04 AM

Quote from: Haunebu on November 23, 2024, 06:52:39 AM

Also, KYC does help prevent crimes, but it is also used to commit crimes(Private information spread online, Casinos using it as a stalling tactic etc) which is why it's a double edged sword. Think!

There are two sides to its effect, but the positive side will eventually win out. Like it or not, the growing adoption of crypto casinos will naturally lead to stricter laws. But let’s not generalize by saying all casinos use this as a stalling tactic. Not all of them do, and those that are guilty can be penalized if regulators catch them. That’s why it’s important to report any shady practices to the authorities. Regulations exist not just to control the industry but also to protect gamblers, which is a win for everyone.

I would not like to sound extremely negative on that topic, on using KYC as a stalling tactic for shady casinos to steal from their lucky winners (or at least try to do so), but the vast majority of cases I have read online on casinos stalling winners with KYC are quite common while, on the other hand, I have not read about regulators pushing against those tactics or punishing casinos for abusing their KYC policies in order to delay delivering what is of gamblers property. Perhaps it happens behind the scenes and that is why we do not read or hear about it in the first place, still we cannot ignore that malpractice from shady casinos is likely to continue to happen when regulators are nowhere to be found or contacted in a shifty manner.
I am sure you can recall some shady casino which used to be around here in Bitcoin talk and used pretty much the same stalling tactics to run away with others money, and in spite of being alledgedly registered, they continued to do the same for years until they disappeared from this forum.

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Quote from: freedomgo on November 23, 2024, 06:58:04 AM

Quote from: Haunebu on November 23, 2024, 06:52:39 AM

Also, KYC does help prevent crimes, but it is also used to commit crimes(Private information spread online, Casinos using it as a stalling tactic etc) which is why it's a double edged sword. Think!

There are two sides to its effect, but the positive side will eventually win out. Like it or not, the growing adoption of crypto casinos will naturally lead to stricter laws. But let’s not generalize by saying all casinos use this as a stalling tactic. Not all of them do, and those that are guilty can be penalized if regulators catch them. That’s why it’s important to report any shady practices to the authorities. Regulations exist not just to control the industry but also to protect gamblers, which is a win for everyone.

Yes you are correct, there are some trusted gambling site which would never reveal or sell or identification to outsider in the name to make personal gain and, of course we know that no reputable casinos that would try to sell out our information as I know they are also written in their compliance note that our information is secure, so if by any means it's revealed for any reason then such person is permitted to sue the company that sold out their personal information after thorough investigation to know whether that information leak from their ends or from the owner. Again, kyc today has help many casino today because it regulate and control anti money laundering (AML) and the impact is more than disadvantages.

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Quote from: Haunebu on November 23, 2024, 06:52:39 AM

Also, KYC does help prevent crimes, but it is also used to commit crimes(Private information spread online, Casinos using it as a stalling tactic etc) which is why it's a double edged sword. Think!

There are two sides to its effect, but the positive side will eventually win out. Like it or not, the growing adoption of crypto casinos will naturally lead to stricter laws. But let’s not generalize by saying all casinos use this as a stalling tactic. Not all of them do, and those that are guilty can be penalized if regulators catch them. That’s why it’s important to report any shady practices to the authorities. Regulations exist not just to control the industry but also to protect gamblers, which is a win for everyone.

Haunebu

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Quote from: Fivestar4everMVP on November 23, 2024, 06:22:11 AM

And on the other hand, what is expected doest suck or should not suck since it was expected, it's not coming as a surprise to anyone that already before now, know that centralized services that deal with money is mandatorily required by regulators to know their customers true identities as a way to curtail and prevent fraud and other vices of monetary crimes.

You do realise that most of the crypto community detest KYC with a passion, don't you? This is why it sucks even if it's expected regardless of what you think. Decentralisation is one of the key components of cryptocurrencies.

Also, KYC does help prevent crimes, but it is also used to commit crimes(Private information spread online, Casinos using it as a stalling tactic etc) which is why it's a double edged sword. Think!

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Quote from: Haunebu on November 23, 2024, 12:58:15 AM

Quote from: EarnOnVictor on November 23, 2024, 12:30:37 AM

For Stake to even give anything at all (even if it's $1) means that they truly care, many others would have forced you one way or another to complete the KYC without giving you a dime.

They are a business at the end of the day and this is just a clever tactic to ensure that their customers quickly complete their level 2 KYC verification since they have no shortage of money basically.

It's a mutually beneficial tactic, but it sucks to see more and more proper crypto gambling sites become centralised in this manner which we all knew was coming.

Earnonvictor is right any way, Stake is just one generous casino to be honest, not saying this because I wear their signature or whatever, I am saying this just as I feel it is, stake is generous and also love and don't want to lose their active customers based on kyc issues, most other casino will force their users to complete the kyc verification or you lose both your account and the fund in it, but stake understanding the plight of gamblers as it concerns kyc decided to atleast, compensate some qualified users for the little time and effort it will cost them to submit the required documents for kyc level 2 verification..

And on the other hand, what is expected doest suck or should not suck since it was expected, it's not coming as a surprise to anyone that already before now, know that centralized services that deal with money is mandatorily required by regulators to know their customers true identities as a way to curtail and prevent fraud and other vices of monetary crimes.

Mahanton

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Quote from: BitcoinHunt3r on November 22, 2024, 08:29:59 AM

Quote from: dwyane36 on November 21, 2024, 09:47:01 AM

What's the point of users ignoring the mandatory verification procedure just because Stake hasn't offered them a bonus? If there is a desire to continue to use the Stake site in the next year, then it will be necessary to pass the verification of the 2nd level. In any case, this is not the first and not the last time when Stake offers bonuses.

So basically those who don't get bonuses are inactive users and don't have a VIP level so we can assume they have another casino to play and that's the reason why they ignore the KYC, we also know that many gamblers don't want KYC and the only reason to do KYC is a bonus so do not be surprised if they ignore it. Currently Stake.com gives a deadline until December 31, 2024 well, we don't know whether they provide another offer before the last schedule. I personally suspect that stake will offer something in December so that they don't lose many users.

One of the main reasons on why crypto gambling did really get that much attention is just because that it doesnt really have that kind of verification. We do know that when it comes to fiat casinos that we do have in the past until now does have that kind of strict compliance when it comes to verification whenever you do make out some playing into their site or simply being engaging into it. Its true that we do have tons of choices or options that we do have today on which if you do able to encounter up some sites that does have some KYC and you dont really like to comply with it then you would really be just that look for another place. Its not really that a hard thing since we do have that several trusted up gambling sites that we could really be able to play.

On what most people been saying on here that regulation is indeed that changing up over the years passing by. It will really be that just that depending whether you could really be that accepting those
things as long you could play into your favorite casino or would really be deciding on leaving it and find for another place. Some will really be that confidently be complying on whats been asked
as long its trusted then its just really just that up to you.

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Quote from: Haunebu on November 23, 2024, 12:58:15 AM

They are a business at the end of the day and this is just a clever tactic to ensure that their customers quickly complete their level 2 KYC verification since they have no shortage of money basically.

It's a mutually beneficial tactic, but it sucks to see more and more proper crypto gambling sites become centralised in this manner which we all knew was coming.

They clearly planned this carefully before deciding to give $250 per selected user... it’s a significant amount, especially considering the large number of users. Stake, being one of the most popular casinos and sportsbooks, has a massive base of gamblers. Offering $250 is reserved for loyal gamblers who’ve spent considerable time and money on the platform, in other words, those who’ve helped make the casino more profitable.

From what I’ve read, this bonus isn’t offered to everyone. It’s invitation-only, making it a reward for the most dedicated players.

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Quote from: EarnOnVictor on November 23, 2024, 12:30:37 AM

For Stake to even give anything at all (even if it's $1) means that they truly care, many others would have forced you one way or another to complete the KYC without giving you a dime.

They are a business at the end of the day and this is just a clever tactic to ensure that their customers quickly complete their level 2 KYC verification since they have no shortage of money basically.

It's a mutually beneficial tactic, but it sucks to see more and more proper crypto gambling sites become centralised in this manner which we all knew was coming.

EarnOnVictor

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Quote from: Fivestar4everMVP on November 21, 2024, 05:28:50 AM

Quote from: EarnOnVictor on November 20, 2024, 09:00:58 PM

Quote from: Ziskinberg on November 16, 2024, 10:31:45 PM

Quote from: EarnOnVictor on November 16, 2024, 12:14:31 PM

Every user is entitled to this and what he hinted is not hidden information, we all know that Stake is currently undergoing KYC overhauling with a $250 bonus attached to it as an encouragement and to show how generous they are.

I haven’t verified my Stake account yet, but when I open it, I see a notification to update. I think I’m part of the directive for Level 2 verification. The only downside? No bonus for me, lol.

Well, I don't know how much this is important to you, but if I were you I would go straight to customer support to inquire why people are receiving the $250 bonus and you are excluded from it. Perhaps, you will automatically receive it when complete the KYC, but I am not sure about that, which is why you should still ask.

Another possibility is that it might be distributed based on your activities on the platform. If the system deems you as so inactive, Stake may not be compelled to include you.

The kyc level 2 verification bonus on stake is not the same amount for all, I know a guy personally who got a $10 offer for his level 2 verification, he did it and got $10 bonus credited to his account, others got $20, $30 $40 and up to $250, I think $10 is the minimum while $250 is the maximum, and the amount a user gets depends solely on his or her contributions to the stake casino..

Thank you for shedding more light on this as nothing is as good as the person who witnessed it or knows the person who witnessed it. The guy's claim was why I said that Stake could have varied conditions for the distributions of the bonus and the activity on the platform may be one of them which is justifiable. For Stake to even give anything at all (even if it's $1) means that they truly care, many others would have forced you one way or another to complete the KYC without giving you a dime.

Topic: Stake lvl 2 verification - page 2. (Read 1872 times)