Post
Topic
Board Gambling
Re: 🚀Bitgame.com|🔥LUT Lightpaper is Launched|⚡️Crypto Betting + Weekly Divs|⚽️🎮
by
AmoreJaz
on 06/10/2021, 20:19:26 UTC
It’s really good to register without KYC certification, and then the game will be more perfect with more gameplay.
Hope to do better Cool
There is a purpose for having KYC in some gambling platforms and that is to avoid money laundering. Anyway, it may be used to launder money but cryptocurrency being used in illegally activities are not much anymore compared before. KYC stops gamblers to gamble where they are only going to gamble and when a lucky gambler won then tried to withdraw but KYC is needed then it's a bad start. No one would want that even if you are sure that you didn't launder money.

in some cases, this is one route casinos play to avoid paying huge winnings. they will try to reason out as part of their license, they need to require the individual to submit kyc, which is valid if you look at it. so if you truly don't want to comply with kyc, check the ToS and their kyc policy. and if it doesn't say anything about their compulsory kyc, then we know they are just looking for reason not to pay the winner. which for me is not a good practice for the business.

but anyway, has anyone here holding LUT and already getting dividends? because it depends on the casino's profits. so the higher you get, that means they are earning good or only few are still staking.