Stake requires its users to verify their accounts to Level 2-deadline 01.01.2025 - page 3.

Wexnident

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Quote from: Ziskinberg on November 16, 2024, 11:18:42 PM

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Unfortunate for those who enjoyed the no KYC lol. Granted this was already something that's always going to happen to casinos, especially big ones like stake. It was only a matter of time really. Definitely going to make Stake lose some users but I don't think it's going to matter that much with how big they are already. Unless a big competitor appears with KYC as optional again. But as I've iterated before, it's only going to be a matter of time before they're also forced to do KYC.

Not that it affected me though, I've done mine the moment I registered anyway Tongue

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Charles-Tim

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Quote from: Hatchy on November 17, 2024, 01:48:21 AM

Though we don't know why they suddenly decided to make it a compulsory for their players..

Ziskinberg must be an old user. If it is a new user, he will not be able to see deposit address until he complete KYC. But I think Stake did not make KYC mandatory for old users is the reason some people are getting the notification now. Probably Stake has seen high numbers of new users getting verified and decided to make the old users get verified also. Also this could be as a result of regulation. Stake has been known very well in the world as being non-KYC gambling site, this could be bothering Stake in relation to regulations.

Quote from: SamReomo on November 17, 2024, 02:34:33 AM

If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.

What strict policy again aside the KYC?

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Quote from: Ziskinberg on November 16, 2024, 11:18:42 PM

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.

I think this messages only apply to those who hasn't done or pass through any form of verification from stake.com. like I know I have pass some verification it should be that I am in level 2, about to process level 3 but then this isn't an issues for now because I haven't won a huge amount that would propelled me having that to pass the level 3&4.
So, this mail are for those who just pass mail verification without even passing any other form of verification, and mind you stake.com is not a non kyc gambling site and stake wouldn't allow permits people to gamble without them passing at least level 1 kyc since their rules has changed.

SamReomo

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If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.

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Quote from: Ziskinberg on November 16, 2024, 11:18:42 PM

I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified. But with this new directive, all accounts must comply with Level 2 verification. Just an FYI for everyone!

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.

Even I have done this level 2 verification before this official announcement. So I did not receive a message via email about the bonus offered because I have done it before. However, if referring to the article that states that verified users will receive an offer, I had time to contact via support but if I'm not mistaken only selected people received the offer. I need to check the chat history again.

len01

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I just heard about it a few days ago and I actually did KYC from the beginning. So I didn't get any notification.
From what I've seen some people agree with the rules and some people disagree or even leave Stake. But sooner or later I think all the bigger crypto casinos will do the same.
Casinos that have big traffic and have a large number of active players will definitely be stricter to guard against crimes like money laundering etc.
So this new rule I think has a better purpose in the future. And I also heard that after doing the KYC, Stake gives rewards to active users.

Russlenat

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Quote from: OgNasty on November 17, 2024, 02:14:06 AM

Is this confirmed by Stake?

Yes, if it’s on their website, it’s a legitimate source. Here’s the most specific information I found about the Level 2 mandatory verification:

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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.

Full information regarding that can be read here https://help.stake.com/en/articles/10056332-level-2-verification-common-questions

OgNasty

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Quote from: robelneo on November 17, 2024, 12:44:03 AM

If you fail to do KYC before the date, your account will be set to withdraw-only mode, so if you're part of the Stake.com campaign, you can opt not to.
Even if you occasionally bet, then you have to undergo verification, I'm sure some users will let Stake.com go and go for no KYC casino; as stated, there are many benefits from doing KYC Let's see now if the user numbers will go down.

Is this confirmed by Stake? I must admit I’m a little bit bummed out by this news but completely understand and support it. I’m not sure what I will do yet, but I won’t rush any decision, so I’m sure I’ll end up having to stop the gambling for a while. Regulation is a pain but is needed for more widespread adoption.

satscraper

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Quote from: Ziskinberg on November 16, 2024, 11:18:42 PM

I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified.

The same for me but I have decided ^regrettably to leave Stake as I kinda don't like to disseminate my personal data over casinos databases which may be not breach-proof. Luckily I withdrew all my fund Stake so it will be now problem for me to leave. Non-KYC casinos are still in existence ^{I have already signed to a few of them} so I will be able to proceed with my online gambleng though I gamble more than often at land based spots.

Hatchy

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Quote from: robelneo on November 17, 2024, 12:44:03 AM

Even if you occasionally bet, then you have to undergo verification, I'm sure some users will let Stake.com go and go for no KYC casino; as stated, there are many benefits from doing KYC Let's see now if the user numbers will go down.

Though we don't know why they suddenly decided to make it a compulsory for their players.. most users may not want to comply and in turn move to other non kyc compulsory casinos or those that might still let their users remain in the level 1 and keep playing... For me I won't bother using such casino any more as I'm not a fan of the kyc. Most of the casino I've played here on the forum, I've never gone through the kyc process as I dont think I will give out such valuable information online just because i want to gamble.. stake has a lot of players though, some won't mind at all.

danherbias07

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Yeah, I did my KYC about a month ago or two. I did receive a good bonus amount though after doing it which I think is a good idea by Stake.com to push their gamblers and comply with KYC requirements. Not all gambling platforms could give such a good offer because others will just force their gamblers to comply or else their accounts will be frozen.
I am not against KYC because both parties will benefit from it although I know some are against it to keep their privacy. Security-wise it's good for us and then the business will have no problem with the government on where their establishment is placed. Anti-money laundering law is getting stricter now because of so many scam incidents that are happening all over the internet.

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It seems this could be a very big deal to those people who really conservative with the use of their personal information, we know people don't like it because they want to become private but this level 2 requires an ID now for verification. If you are an active gambler and their platform is one of your options I guess you will comply but if not there's a lot of casino out there to play with.

Quote from: robelneo on November 17, 2024, 12:44:03 AM

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Update to Level 2 verification by December 31st 2024 to prevent your account from being set to withdraw only mode.

For those frequently withdrawing their funds its good to them but if you are an active player too still need to comply then.

robelneo

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Quote from: Awaklara on November 16, 2024, 11:45:25 PM

Stake's level 2 KYC verification is not difficult. But there may be users who feel uncomfortable doing KYC.

Yes, you only need a driver's license or a national ID, as basic information and verification. If you fail to do KYC before the date, your account will be set to withdraw-only mode, so if you're part of the Stake.com campaign, you can opt not to.
Even if you occasionally bet, then you have to undergo verification, I'm sure some users will let Stake.com go and go for no KYC casino; as stated, there are many benefits from doing KYC Let's see now if the user numbers will go down.

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Update to Level 2 verification by December 31st 2024 to prevent your account from being set to withdraw only mode.

Awaklara

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Have you just received an email notification from Stake regarding KYC requirements? If I'm not mistaken, last month some users seemed to have discussed KYC in the Stake thread. You should still be able to see it. Some even got a KYC bonus from Stake, perhaps as compensation for users who have been loyal to Stake even though they didn't do KYC.
Stake's level 2 KYC verification is not difficult. But there may be users who feel uncomfortable doing KYC.

Solosanz

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Bye bye people who always say Stake is no KYC casino because they've gambled for few years and didn't get asked to verify their accounts.

Regulation is unavoidable especially after Trump elected to be The US president and Bitcoin price rose to $93K, 2025 might be a new year where cryptocurrency and the projects are getting tighter regulation.

But, it's good to see Stake give an official announcement rather than enforce KYC rules silently.

Ziskinberg

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I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified. But with this new directive, all accounts must comply with Level 2 verification. Just an FYI for everyone!

Check this website https://casino.online/news/complete-stake-com-kyc-level-2-by-january-2025-to-access-bigger-bonuses/

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From 1st January 2025, customers must complete Level 2 verification to continue using their Stake.com accounts. This involves submitting identification documents, which protect players from fraud, ensuring that all account transactions are secure and compliant with regulatory standards. Importantly, this change guarantees that funds and withdrawals remain available, and no funds will be withheld during the process.

Additionally, completing KYC allows users to claim new bonuses, including VIP-level promotions tailored to their playing history. Verified users will receive exclusive offers and benefits, making this change even more rewarding.

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.

Topic: Stake requires its users to verify their accounts to Level 2-deadline 01.01.2025 - page 3. (Read 444 times)