Post
Topic
Board Gambling
Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site
by
len01
on 04/03/2023, 23:27:28 UTC

and that is usually the case with licensed online casinos. so that when you win big and want to withdraw all the winning funds, the platform has the right to request KYC from these customers as a condition that must be carried out to be able to withdraw these funds.
it's all because the casino platform is licensed and subject to regulations that have been in accordance with the agreement from the beginning with the licensing company.
so for me, if it's true that you get a big win and want to withdraw it but are asked to do KYC, I'll do that. because it is just one way to comply with the rules and to be able to withdraw large funds from our account.

If you win a large sum in an unlicensed casino, then no one will pay you anything. Sometimes it is easier for a casino to create a new website than to pay large winnings to players.
regarding that matter, it depends on the casino as to whether it has been popular for a long time and has a good reputation or not.
because if a reputable and popular casino has been around for a long time, they will be paying big winnings to their customers instead of having to set up a new site just to run from trouble. but casinos that have a good reputation for a long time, they will maintain their reputation and will always pay big wins from their customers even though they will be asked for KYC later.

and this problem can also be seen how much the customer wins. if a customer's big win is only $10k or $20k but the casino doesn't pay instead preferring to go create a new site, that's a shame.