Post
Topic
Board Gambling discussion
Re: Are there such online casinos
by
suzanne5223
on 27/03/2025, 14:53:33 UTC
‎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
‎After the complaints of a lot of gamblers years ago. We have seen a lot of crypto casinos that implement the concept of simple KYC when new user register on their platform, but they later request the main KYC when a huge fund or winning is involved to prevent future issues with the authority. This concept was presented to avoid minors using their platform, and to prevent their business from having issues with the law.

‎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.
‎[/quote]
‎I guess you don't notice the crypto casino model of operations in terms of KYC because this is how some casinos are operating now with the exclusion of the casinos, which are KYC-free. However, this doesn't mean the user fund or withdrawal is secured because KYC was introduced as the means for a casino to know their customers, to prevent any sort of manipulation, abuse, and money laundering that could cause the casino to have an issue with the law.
‎For any gambler to be sure s/he won't be robbed by a casino, the gambler needs to use a fair and reputable casino (an example is CasinoPunkz).

‎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.
‎[/quote]
‎Yes, the habit of the casino not providing the user his/her withdrawal fund is intentional, and that's if the user didn't break any rules and regulations or manipulate the game in any way.
‎To prevent such things, it is better to use casinos with enough credibility.