Topic: Why do Casinos ask for so much during withdrawal? - page 3. (Read 368 times)
Good question here since they should ask that the moment you deposit big money on their platform, that should be the first alarm for them and not to allow you to gamble if you didn’t pass the requirements unfortunately, they will let you gamble first and spend that money but when you withdraw, that’s the start of your problem. Well, business is business and they can’t just let you withdraw your money without answering those questions, if you think you didn’t violate any rules then that’s fine, just comply to avoid any delays since you can’t do anything about it.
Everything is pure business, and not every gambling platform does it. At times when a player wins big and wants to withdraw, few gambling platforms try some tactics to restrict them from withdrawing it. This makes the player go for further betting and end up losing everything. Maybe that too can be a reason. From what I've come across, there are not many gambling sites doing such activities ruining the trust of the platform.
Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.
ANY IDEA?
ANY IDEA?
It should be obvious but casinos are in the business of making money. It's about getting a person to deposit money, then keeping them enticed enough by various tricks to stay for as long as possible, dragging out their losses with occasional wins so that they will form a bit and ultimately deposit repeatedly because they think it's possible to win. Gamblers have a terrible habit of forgetting many small losses while idealizing a few big wins - that is what gets the happiness endorphins pumping after all, the thrill of winning a much bigger amount than the bet. If a casino cannot keep a gambler in this way, it makes financial sense for them to put up as many obstacles as possible at the withdrawal stage, either in the form of fees or burdensome requirements like additional documentation, they're hoping the gambler will just say f### it and waste any remaining amount. You won't find many casinos operating from big jurisdictions like the UK or US but they'd be required to fulfill KYC if they were based there, to detect criminal activity. This ignores all the pure scams that might be out there.
Not all of them
Few of the casinos I know don't really charge much for example when I talk about blackjack.fun their transaction fee is quite alright so is Roobet's as well but there was a casino that was charging me 40$, which is insane!!! That's ridiculous, I do think the reason they do it is so that people don't really take the money out and try and play more which generally ends up emptying your bank balance. The key is finding a casino which does not charge this much, even 5$ is pretty high!! Plus you also have to take care of the casinos which have instant withdrawals as well, some of them will provide you with an option of urgent or no. So next time just try doing the KYC, it's not a big deal and be careful about the accounts you might have created in tbr past and forgot about them.
Few of the casinos I know don't really charge much for example when I talk about blackjack.fun their transaction fee is quite alright so is Roobet's as well but there was a casino that was charging me 40$, which is insane!!! That's ridiculous, I do think the reason they do it is so that people don't really take the money out and try and play more which generally ends up emptying your bank balance. The key is finding a casino which does not charge this much, even 5$ is pretty high!! Plus you also have to take care of the casinos which have instant withdrawals as well, some of them will provide you with an option of urgent or no. So next time just try doing the KYC, it's not a big deal and be careful about the accounts you might have created in tbr past and forgot about them.
so if withdraw big wins KYC is applied only once to verify the validity of an account ,they don't want one person to have multiple accounts for bonus purposes or anything like that ,so KYC is applied for that ! for losing gamblers you mean maybe when they win they will do the same thing
usually there is an option in the account settings regarding KYC so that the user can verify it at the beginning ,so if the account can't be verified then the user can go and leave the web !
depending on what web you mean? if the gambling website is identified as a scam or is not trusted in any case ,then don't try to play there ! gambling platform are many famous no KYC websites
usually there is an option in the account settings regarding KYC so that the user can verify it at the beginning ,so if the account can't be verified then the user can go and leave the web !
depending on what web you mean? if the gambling website is identified as a scam or is not trusted in any case ,then don't try to play there ! gambling platform are many famous no KYC websites
As you said, you don't have any experience playing in a crypto casino yet but the way you asked a question, you are already making a conclusion that such problems do always happen in crypto casinos. Come experience playing there first.
About withdrawals, maybe not instant in most cases but waiting for a few minutes to half-hour should not be a big concern.
Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc.
Care to share those sites or threads you encounter while scrolling related to complaints like that to give you a much better and clear response?
But they careless about asking for those information when the player is losing money in the platform.
What do you mean by "careless"? What expectation you are looking for when you lose money on the platform?
Do you mean the money lose without a reason to the account (maybe bug, error, glitch, etc) or the user experience losing the money by usual gambling?
Do not generalize just based on some stories, not all casinos do as what you think.
I've played in some different casinos and none of them asked me to do KYC when I want to withdraw my winning.
Of course my winning is not big amount, worth few hundred dollars only for each withdrawal.
Every casino has their own terms, this is what you need to read especially about the KYC terms before deciding to play.
I've played in some different casinos and none of them asked me to do KYC when I want to withdraw my winning.
Of course my winning is not big amount, worth few hundred dollars only for each withdrawal.
Every casino has their own terms, this is what you need to read especially about the KYC terms before deciding to play.
Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.
ANY IDEA?
ANY IDEA?
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