Ninjastic
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Re: Casinos not asking for KYC to register and play, but do require it to withdraw
by
Fivestar4everMVP
on 01/08/2024, 14:47:23 UTC
Quote from: Mr. Magkaisa on Today at 02:09:57 PM
Quote from: EarnOnVictor on Today at 09:31:20 AM
Quote from: uchegod-21 on July 31, 2024, 10:04:34 PM
Quote from: noormcs5 on July 22, 2024, 04:45:15 PM
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.
This is why it is always advisable to complete KYC before you play in any casino. Whenever it is related to Casino, they will only be strict during withdrawals. For the business to remain in operation, deposit must be more than withdrawal and that is why some casinos deliberately frustrate withdrawal. It is always nice to read the casino ToS as regards withdrawal and KYV before playing.
Your response reminds me of the thread I recently replied to where the guy complained that a well-known casino did not allow him to complete the KYC despite being willing to do so at the earliest time possible. This got me discouraged and I don't know the best advice to issue in this regard anymore. But truly, if a casino can allow you to complete the KYC as early as possible, it is the best thing to do to avoid a later issue.

As for the withdrawal, I think many of them are still very flexible about it, if you are not the type that wins too much or withdraws a huge amount of money, grace may still cover you to delay the KYC, otherwise, it's good you prepare for the worst. Nevertheless, I learned from you today about more deposit than withdrawal plans of casinos, well, it's certainly an unfair practice and I don't believe any serious regulator will allow that. This is why they ensure that companies are well-capitalised before beginning operation, so there is no good reason for that practice in a sane clime.

        -      What I know about regulated casinos is that they usually only ask for KYC when they see that you are going to withdraw a large amount of money from their gambling platform.
And when your withdrawal transaction is really huge, they will first hold your account to verify something about the gamblers.

That's why the reputed casinos do this most of the time, but if the casino is reputed online and doesn't complete the KYC, it seems weird to me.
There is absolutely nothing weird about a reputable casino failing to complete a user's kyc verification request, the reason for the failure will usually be attached to what ever email or message they sent to the user.

For the several reputable online casinos I personally have used, they usually don't surprise their users except those that want to be surprised, that is, if you read their documents on withdrawals, they usually explain how accounts with certain level of verifications are limited to certain amount of withdrawals every 24 hours, week or month, and if you are in a low level kyc rank and are going to withdraw funds that is above the limit for that rank, you will be forced to submit documents that is required for the next level of their account verification levels, failure to submit the requested document is what usually lead to the casino's failure to verify the user and process his or her withdrawal.