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 think you can still use exchanges without KYC, but most of the features will be disabled. You can make deposits, but withdrawal will cause you to verify your account. It is the same for the casinos. You can keep on playing until you reach a certain threshold or you did something that will raise a flag and you account gets limited unless you verify your account.
And no, just because a casino asked you to go through KYC verification, it doesn't mean they wont scam you. If they are there to scam you, they will scam you. They will even steal your KYC data if their intention was to scam people. Play only in well known trusted casinos.