Are there any online casinos that accepts KYC verifications before you start gambling after creating a new account on the platform? Something similar to what we always see crypto exchanges do to their customers? I am just curious
You open a new account on a crypto exchanges they will advice you to complete your KYC verifications first, some won't even allow withdraws until you complete the verifications. I think if online casinos starts doing the same there won't be the fear of getting robbed after you win, because most KYC verifications would already be passed right from the beginning.
We shouldn't compare the policies that the crypto casinos and crypto exchanges have. Although both of them require to ask for KYC nowadays but they have a different approach on when they should ask. I believe that most casinos don't ask asap after registration and so they can attract more gamblers. Compared to the exchanges, they are following certain rules so they ask it just after registration.
Do you think that this was intentional? Maybe to find reasons why they can't process your withdrawal? I think about the same too, but what about online casinos will enough credibility already? I mean very popular online casinos.
It's not intentional but procedural.