So far I have one verified gambling account only which is my Stake's account, it was not a long process since my account was verified within few hours only.
Of course the speed of the verification process will be depending on some factors, the most crucial one is the human resources on the platform who are in charge to do the verification process.
The more staffs (both in number and experience) who is handling it = the faster verification process IMO.
I have not done other KYC in other casinos so I have no idea about average speed, but I have to agree that such verification process should not be done in more than 3 working days.
Trusted casino will verify your KYC very quickly provided you have provided correct and true documents. There is no point for the casino to deny the KYC if there is no fault. Why would casino deny anyone genuine KYC and not let them play.
However, there are some scam casino who will use KYC as a tool to deny our payments. They will allow us to deposit without KYC but when it comes to withdraw they may ask for KYC and if the amount is big, they may deny the KYC without any reasons.
There are cases that it will be denied if the picture of your ID is blur or each side has not been presented well. But other cases than that if everything has been fulfilled then I guess there's no point for casino to denied your KYC verification. I can only see this happening to those site which do delaying tactics so that what people request especially withdrawal will take time or just denied the withdrawal made by that person.
Trusted casino didn't do any further more issues if they see that all documents has been presented well that's why its good to choose reputable casino so that we can avoid any problems regarding on this matter.
That's right actually, and besides, a reputable and trustworthy platform will not reject a user's kyc verification request without telling the reason why the documents the user submitted for the kyc verification is being rejected, any platform that reject a user's kyc request without stating the reason why the request is being rejected is either bugged, or the platform have some interior motives, which basically might be to frustrate the user into giving up his or her withdrawal request, but go ahead to gamble away the funds instead.
But again, like you rightly said, all this can be avoided by simply choosing to play on a reputable casino where paying their customers winning isnt a problem to them regardless of the amount of money involved.
Not at all yet there would really be those old and known sites does reject KYC submission by those players who do have some pending withdrawals or issues.
Take a look on this one.
https://bitcointalk.org/index.php?topic=5503427.0 This is recent and despite of submitting those valid documents or ID but still it was rejected without
being explained on whats the reason behind such fail on accepting. Somehow, when you do deal up with old or known site then you could really be at least having that kind of confidence
that issues could really be that resolved but on the time or moment that you do find yourself dealing up with new sites then high chances that you are being scammed by such platform.
For those sudden transitions from non KYC to KYC then it would really be just that normal because platforms or business such as this would really be having that kind of
huge amount of money that goes inside and out then you could really expect that regulation and licensing would really be that needed and this is why users of such
sites will really be ending up on complying these things.
It’s just such sudden transitions from the fact that KYC was not required, and as soon as the player begins to withdraw his money to his wallet, then suddenly KYC becomes necessary, and are that disgusting action on the part of the casino that can completely ruin all the high and festive mood player that arose after winning. In my opinion, this is generally one of the most serious problems in the entire gambling industry with payments in cryptocurrencies. And since payments are made in cryptocurrencies, such a problem should not have existed at all, in principle, based on the status of the cryptocurrencies themselves. However, over the past decades, regulators from different countries and anti-money laundering fighters have simply come up with it for all of us. And now, out of nowhere, they have created an extra problem for all the players.
And the question arises: why the hell was this done and who came up with all this?