I wonder why casinos use this method to process large withdrawals.
in my opinion the answer is very simple: in the past and even today there are scammers who create casinos with the clear intention of cheating and robbing people, but scammers will evolve and develop sophisticated scam techniques that allow them to rob people legitimately or either the scammers creates a rule in which the person who deposits money in the casino must have 5x wager and with that even if the person is very skilled he will not be able to comply with this requirement which will make all the money that was deposited in the casino remain at the casino because
this is a very evolved form of scam, these damn scammers are always thinking of something evil, they already use TOS as a weapon, they use KYC as a weapon, that's why it's important that when people see that some casino has tough rules like this 5x wager thing, people don't use casinos with this kind of rules, even if the casino offers high bonuses, people should stay away from greed, that's the only way they don't fall for scams of this kind
The 5x wager isn't really a scam per se. I don't agree with it 1 bit, but if people read the ToS they would know what they're getting themselves into. 5x isn't exactly hard to do either, especially if the site has dice, which they do.
Now the KYC and ToS being used as a weapon I can agree with. I think if a site allows you to deposit and you win, you should be paid as long as you didn't cheat to win. I don't consider gambling from an illegal jurisdiction cheating. I think a site should enforce KYC pre deposit or they forfeit the right to use it against a player later so they can get out of paying a player their winnings.
On whatever things that a casino would do as long it isnt really that shown on their tos or something a term which we havent seen on the market before like that 5x deposit wagering requirement which is really that
not common or i didnt remember a site on asking out.Yes, its attainable but it is something thats too much if we do speak about pulling your deposit and asking for some 5x rollover of the amount.
As for KYC then they should have asked in the first place but in some cases on where users or gamblers are the ones who are in fault on here on which missing up on reading sites terms
and blaming out if ever there's some unfortunate happen to them specially on withdrawals.The community wouldnt really be that dumb on not to see on whose in fault on every
situation that we do encounter or issues like these.