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.
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.I understand your question and share your curiosity, but I disagree with your idea and have a very different view on the implementation of KYC in online casinos...
In my opinion, it is not necessary for online casinos to require KYC before allowing players to start playing because this would certainly be seen as an excessive barrier for players who only want to play recreationally and with low deposits.
In my opinion, the implementation of KYC is completely unnecessary for players who do not make significant withdrawals or do not have a large amount of money at stake, and the solution to solve the problem you mentioned for other players or "big luck" situations would be simple... casinos just need to adopt a more flexible and transparent approach, making it clear what document requirements and other KYC procedures may be necessary for each stage or level of play or withdrawal.
This would allow players to have more freedom to play recreationally, without the need to carry out an unnecessary advance KYC. And if you reach the mandatory level for KYC, you would already know exactly what needs to be done, with no surprises.