@edondoko
When I registered my account at the website stake.com around 3 years ago, they did not even ask for a name or address!
Starting January 2025, Stake will make KYC mandatory:
I think by now the gamblers also know that casino have to comply with regulations, and many would be willing to accept the change.
After 7 years in business, Stake suddenly has to comply with regulations?
But that would mean during the past 7 years they had not to comply with regulations?
Yeah, I wonder why Stake suddenly does this? hmmmm...
In another aspect it is something very good as their will be much less claims or accusations in terms of scams because of this.
Well I will comment only the assertion of the KYC at the registration process in stake.com. I believed from your points of arguments both of you are not new gamblers and new to stake.com. and you know how the registration was and how stake.com asked participants of the casino to did KYC to level up from level 1 to level 2 and those who did it were given some sum of dollars and that happened last year and a deadline was given to those who had not did their KYC. So if you were actively participating you would have experienced it as well. And the registration of stake.com was always with KYC and the only thing was there was no ID Card and other documents addition but mobile phone number and email address, and addresses were there so KYC is not a new thing in stake. This has been discussed in this thread many times.
Yes, I was active during that time. As I mentioned, Stake offered me around $250 USD to complete the KYC Level 2 verification, which I obviously didn’t get (apparently, some users here can’t read two words without trying to spread nonsense). I’m not claiming Stake never had KYC—that’s exactly the problem.
You pointed out that KYC Level 1 requires providing your address, phone number, email, etc., so in what world would they verify me when I clearly listed a Swiss address and a Swiss phone number without raising any red flags? If Stake had proper systems in place at the time to actually verify KYC Level 1 information, they would have blocked me immediately, which they didn’t. This suggests they either had inadequate systems or none at all for verifying KYC Level 1 details.
This is crucial because, as others have pointed out, it seems like anyone could register using fake information found online and still get KYC Level 1 verified. How does that make any sense when KYC literally stands for
"KNOW YOUR COSTUMER"? Verifying inaccurate or blatantly false details undermines the entire concept of KYC and exposes a glaring flaw in their processes.
Apparently you can't read either because I already wrote the level 1 is NOT KYC. It's the same procedure as on many other sites when you register, you enter your name, bday and so on. Where is that KYC? You didn't send any ID yet. THAT is KYC.
"Know your customer" only comes into play when they actually VERIFY the data you entered. And this verifications can ONLY be done after requesting an ID or other documents. How else would KYC work huh?
You have NEVER been verified and once you have been ( AFTER you sent your ID ) they took action. Stake did everything right and you played with a VPN to bypass the restriction on your account, as I have stated before. Trying to play with a Swiss IP, not gonna work. So why would you use a VPN if you "thought" it would be ok to play from Switzerland?? What a pretender! You knew what you are doing and now you are crying, what a weak move.