Post
Topic
Board Gambling
Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site
by
virasog
on 05/03/2023, 07:06:21 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.

That's really unfair for the gamblers prospective. If the gamblers lose a big money, then gaming casino are happy to take money from the gamblers but if gamblers win a lot of money, in that case, the casino tries not to give them their rewards and small un reputed casino will even end their business and come up with a new site, a new script and start all over again.

However, those casino who are doing big business ad have an established name in the industry, they will not do such acts. Its only take a single incident to lose the reputation and not easy to gain it back.

Also, it is advisable to play and bet on popular casino as they have enough money in their bankroll to pay back the gamblers.