Post
Topic
Board Gambling
Re: risk of kyc on crypto casinos ?
by
Jody.Drummer
on 25/06/2022, 18:35:51 UTC
So get ready with KYC, especially if you win a lot of money because the casino will ask you. It is less comfortable for us if the casino asks KYC because we want to withdraw the money but cannot do anything and are forced to obey the casino's request. If the casino is a trusted casino and has a reputation, we can believe it but it will depend on our comfort in sending our documents.

Is that the case?

I have seen it mentioned many times in the forum but I have not checked if it is so, since I mainly play poker on fiat sites and I have only tried the odd crypto casino with pennies.

I suppose that the argument that the casinos will give will be a matter of security, but there are those who could see bad intentions in:

1) You lose a lot of money: I do not ask for KYC.
2) You play a lot and win $20; I do not ask you for KYC.
3) You play, win and request a withdrawal: I ask you for KYC.
This is what happens often and makes more sense for the OP to pay attention to. You have explained it in a simple and uncomplicated way. The fact is that when we only bet small and make small profits, there is no need to worry about KYC. Because the withdrawal limit is still under KYC requirements. Therefore, I further limit the bets in each casino so as not to exceed the maximum limit for further verification.