Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site

[Solosanz]

Well. I take it you are also one of those who believe that if you give your data to trusted exchanges, you are safe, right?

Nope, I never said that.

My point is a trusted and reliable site reduce the chance if your data would be sell on deepweb etc and I'm completely aware about KYC and privacy stuff. Now we're live in where governments want to take control over anything, as I said previously if you don't want to submit KYC, just leave the whole casino have KYC mandatory rules.

If there are many reports that not responding immediately will affect the reputation of the casino, there should be no delay in response regarding KYC and withdrawals due to sensitive issues so the team should actively respond to them immediately. From some of the posts above, I suggest the team to improve the "live support" and monitor the official thread on the Bitcointalk forum because here a lot of the gambler community asks for advice when the team has ignored user responses.

We don't know what the problem behind because it's case by case, the thing is they're need to verify if the KYC is legit and not photoshopped. Also they will looking for the account activity and see if he ever broke other rules until they make a conclusion.

[BitcoinHunt3r]

Hello guys! I started playing Cloudbet about 2 weeks ago. Donanted there about 200 POLKADOT tokens. After I got win and submited withdrawal - they asked for documents and just removed access to the account.

So, I sent documents there, but there is no response for 4 days already. I'm sending them message every day and getting same response like:

Kindly note that the verification is still underway at the moment, due to this access to the account cannot be granted.
The account is still under review and there is no update yet.

Please rest assured that we will be in touch with you as soon as once they get back to us.

So, can somebody help to get my crypto back?

Thanks

Just wanted to let you know that your case is not the first some users experienced it few months ago even bigger amount around $10k-20k But when you follow the procedure with real information and you don't commit a violation then don't worry your case will be resolved the same as the case I mentioned above already resolved. It's just that it takes longer I don't know what the reason is but maybe just want to make sure that you are not the same user in the past cases.

[Wapfika]

I think Cloudbet are licensed anyway, you can see it at the bottom of their homepage. I think they're licensed in Curacao? This probably means that they need to follow the requirements of the regulator which means including KYC in their process.

I would always choose a casino that performs KYC anyway, it means they don't cheat their players  

I don't know too much about curacao licensing, but i do know that a lot of popular casinos are licensed there.

The Curacao license is the most popular because it has a much easier requirements and very convenient to get in able for your casino legally operate on many countries that there license is valid. Curacao is one of the early license provider on crypto gambling business that’s why it was the best choice for crypto casino. There’s other license provider but they have a very limited country scope which is not practical at all.

Curacao KYC is now adjusting based on the casino country origin because there license scope varies per country judicial rules about online casino.

[Slow death]

I think Cloudbet are licensed anyway, you can see it at the bottom of their homepage. I think they're licensed in Curacao? This probably means that they need to follow the requirements of the regulator which means including KYC in their process.

I would always choose a casino that performs KYC anyway, it means they don't cheat their players 

I don't know too much about curacao licensing, but i do know that a lot of popular casinos are licensed there.

One of the many things I ask myself:

in my country for any casino to have a license it needs to be located in my country, of course all people from my country can play at any casino in the world, but my point is this: how is a license issued in curacao for an anonymous casino that is located somewhere hidden can be in any way useful? I see a lot of people worrying about leave, but to this day I don't understand what the point of leave is? what use is the license?

in my case when a casino sponsors football or something in the real world, this casino is already reliable because the casino owner is no longer anonymous because as he sponsored things X, Y, Z in the real world he had to reveal his identity, he had to make a commitment, so he won't risk stealing people's money and running away. Of course, there are other points such as reputation gained over the years, but this licensing issue, I honestly don't see how this will help a casino to become reliable

[dimonstration]

I think Cloudbet are licensed anyway, you can see it at the bottom of their homepage. I think they're licensed in Curacao? This probably means that they need to follow the requirements of the regulator which means including KYC in their process.

I would always choose a casino that performs KYC anyway, it means they don't cheat their players 

I don't know too much about curacao licensing, but i do know that a lot of popular casinos are licensed there.

One of the many things I ask myself:

in my country for any casino to have a license it needs to be located in my country, of course all people from my country can play at any casino in the world, but my point is this: how is a license issued in curacao for an anonymous casino that is located somewhere hidden can be in any way useful? I see a lot of people worrying about leave, but to this day I don't understand what the point of leave is? what use is the license?

in my case when a casino sponsors football or something in the real world, this casino is already reliable because the casino owner is no longer anonymous because as he sponsored things X, Y, Z in the real world he had to reveal his identity, he had to make a commitment, so he won't risk stealing people's money and running away. Of course, there are other points such as reputation gained over the years, but this licensing issue, I honestly don't see how this will help a casino to become reliable

Curacao gambling license is oldest license provider globally for iGaming business. There license was acknowledged by most of the country that doesn’t have strict gambling restriction that’s why only list all the countries that accepts there license and leave certain country such as US and UK on the list they are not allowed to imposed there gambling license since these countries has there gambling license sector.

Curacao license satisfy most of the criteria of countries that don’t have there own iGaming license provider that’s why it was the most common license for crypto casino because you can operate on multiple countries with just this license.

Complete review of Curacao License: https://nuxgame.com/blog/legal-hub/curacao-gaming-license-complete-review

[LEVSKI7]

Bullshit  .you must be completely illiterate to write this crap about curacao

[JollyGood]

Well, none are physically based their but yes many have licences from Curacao to operate casinos and betting websites, it is a get-around to operate an online casino because no other jurisdiction would give out licences so easily.

The problem is they have not exactly covered themselves in glory when it comes to the way they resolves issues from a user that makes a scam allegation. With time they could very easily be setting a genuine benchmark for others to follow but right now anybody can apply for a licence.

I don't know too much about curacao licensing, but i do know that a lot of popular casinos are licensed there.

[Solosanz]

So the cryptocurrency was created to be anonymous. Especially anonymity is necessary for the casino so that no one knows about your winnings.

Not really, the truth is most of cryptocurrency we've found are completely centralized and no have privacy feature.
It's different with Bitcoin which offer pseudonymous and privacy coins e.g. Monero offer completely 100% anonymous feature.

I don't think there's a casino doesn't know about your winnings, at least they have recorded your IP address, your address and where the funds send to. That's not anonymous anymore.

[dimonstration]

Bullshit  .you must be completely illiterate to write this crap about curacao

Are commenting about my post about Curacao License description? Maybe you are relying data on speculation rather than the facts behind the authenticity of Curacao License. This license will not be widely used by trusted crypto casino if this is bullshit. Please read there license ToS to know what’s there service scope rather than heresy info..

[cryptoexchanger.org]

@cryptoexchanger.org their license date is showing 9.9.2022 so does that mean it’s been renewed yesterday?, or it just shows the date of each day?. Furthermore KYC is the harsh reality that crypto currency gamblers need to accept, because there’s no getting past it and if one yet doesn’t feel comfortable then a simple option is to cash out their coins in fiat and wager in land based casinos.

Full information about the license is here https://www.cloudbet.com/ru/about-us/license

I think from this data it is easy to check the validity of the license, when it was received and for how long.

We normally pass KYC procedures on exchanges, why do questions arise with the passing of KYC procedures in the casino?

[Slow death]

So the cryptocurrency was created to be anonymous. Especially anonymity is necessary for the casino so that no one knows about your winnings.

So you also need to withdraw money that you a win in casino. And if the casino is not regulated, then what is the chance that you will get your winnings at all?

Aren't you afraid that you may be cheated with anonymity?

until a few years ago most of the casinos the owners were anonymous, of course to ensure that they didn't steal money from people the casinos that wanted to gain a good reputation created ANN Thread here on the forum and they will gain a good reputation, but the fact does not change that some Years ago most casinos owners remained anonymous and people had no choice, they had to settle for using those same casinos where the owners were anonymous, but times have changed with the acceptance of cryptocurrencies by governments. casino owners started to sponsor major soccer leagues and various sports and events which forced casino owners who sponsored these leagues, sports and events to come out of their anonymity, which is why it is better than people when they want to choose a casino online also analyze this part, analyze: if a Z casino sponsors the premier league or some premier league team and its owner is no longer anonymous then this casino has very little chance of stealing people's money, because this casino will do everything to preserve their good reputation

[Eternad]

@cryptoexchanger.org their license date is showing 9.9.2022 so does that mean it’s been renewed yesterday?, or it just shows the date of each day?. Furthermore KYC is the harsh reality that crypto currency gamblers need to accept, because there’s no getting past it and if one yet doesn’t feel comfortable then a simple option is to cash out their coins in fiat and wager in land based casinos.

Full information about the license is here https://www.cloudbet.com/ru/about-us/license

I think from this data it is easy to check the validity of the license, when it was received and for how long.

We normally pass KYC procedures on exchanges, why do questions arise with the passing of KYC procedures in the casino?

Because of the nature of business. Typically most of the gamblers want to anonymously gamble in crypto casino while exchange is mandatory required KYC so user knows that they will doing KYC before they use exchange.

Casino ToS doesn’t state a mandatory KYC and this is the reason why many people choose crypto casino because of privacy. This kind of privacy is already starting fade off because regulators already forcing them to do it with there customers.

[Solosanz]

Casino ToS doesn’t state a mandatory KYC and this is the reason why many people choose crypto casino because of privacy. This kind of privacy is already starting fade off because regulators already forcing them to do it with there customers.

Have you check it before? based on their terms, it's already clear they will ask you to submit KYC when it's needed.

18.1. Verification procedures One of the international standards for preventing illegal activity is customer due diligence (“CDD”).  According to CDD, the Company establishes its own verification procedures within the standards of anti-money laundering and “Know Your Customer” frameworks.
https://www.cloudbet.com/en/help/terms

Most people think gambling using crypto is for privacy concern, but they're didn't even understand what privacy is. Connecting to the casino with your real IP address and create an account on there already destroy your privacy lol.

You need to avoid the whole thing to enjoy 100% privacy.

[erep]

Casino ToS doesn’t state a mandatory KYC and this is the reason why many people choose crypto casino because of privacy. This kind of privacy is already starting fade off because regulators already forcing them to do it with there customers.

User privacy factor decreased due to AML regulation for KYC has been added in TOS, we know that the influence of the regulator so there is no other choice for casinos to avoid it, some casinos have not "enforced" rules for users to complete KYC but for users having account balances then have to accept the consequences to complete KYC at any time, especially during withdrawals as many complain gamblers have to verify KYC before withdrawals are processed.

[logfiles]

Because of the nature of business. Typically most of the gamblers want to anonymously gamble in crypto casino while exchange is mandatory required KYC so user knows that they will doing KYC before they use exchange.

Casino ToS doesn’t state a mandatory KYC and this is the reason why many people choose crypto casino because of privacy. This kind of privacy is already starting fade off because regulators already forcing them to do it with there customers.

Even before they ask for KYC, then moment you decide to sign up and use a centralized service like a casino. Your privacy flies out of the window. Those service collect a lot of data that you have no idea about, from IP address logs, device ID, browser information to time zone and betting patterns.

If you want privacy. Avoid completely using a centralized service.

[Beparanf]

The Curacao license is the most popular because it has a much easier requirements and very convenient to get in able for your casino legally operate on many countries that there license is valid. Curacao is one of the early license provider on crypto gambling business that’s why it was the best choice for crypto casino. There’s other license provider but they have a very limited country scope which is not practical at all.

Curacao KYC is now adjusting based on the casino country origin because there license scope varies per country judicial rules about online casino.

In any case, the presence of a license indicates that the rights of players are somehow protected and their protection is provided by the regulator that issued the license. But for me personally, the greater protection is the fact that the casino has been operating since 2013. So the players need it.

Fair point. Actually this is the OG criteria before to trust the casino before the license on crypto casino become a trend and a must. I remember when there’s a lot of dice casino out there that offering same service that usually turn into scam once whale player hit huge win. We old user use the age of the casino to determine how trusted they are before we will deposit our money and cloudbet is one the sportsbook that pioneer this kind of casino business before other casino turn into full casino.

Even without license I will still play here because cloudbet existing since my early days until now and the chance for them to be scam is very low because of there established reputation.

[Solosanz]

Monero is actively used in the casino to ensure the anonymity of transfers, so that it is impossible to track payments and calculate the winner.

And you're forgetting licensed casinos are combating against money laundering, they wouldn't give easy for any gamblers that using Monero to gamble on their casino. I think any gamblers that using Monero will be asked to submit KYC regardless how much the amount. This will help them to track about the account activity and which address the gamblers will send their coins to.

[erep]

And you're forgetting licensed casinos are combating against money laundering, they wouldn't give easy for any gamblers that using Monero to gamble on their casino. I think any gamblers that using Monero will be asked to submit KYC regardless how much the amount. This will help them to track about the account activity and which address the gamblers will send their coins to.

7.3.1. We accept BTC, ADA, ALGO, AVAX, BCH, BNB, BUSD, DAI, DASH, DOGE, DOT, EOS, ETC, ETH, FTM, stETH, LINK, LTC, LUNC, MATIC, PAXG, SHIB, SOL, TRON, UNI, USDC, USDP, USDT, USTC, XLM, XRP, ZCASH and fiat deposits (depending on your jurisdiction).

I am quoting the TOS for deposits which are only accepted for some crypto and fiat coins, there is no option for Monero (XMR) so no support for deposits and withdrawals. I don't know if monero has been removed due to regulations regarding AML, because AML aims to make it easier to track suspicious deposits or withdrawals so that users have to complete KYC, also minimize cases of money laundering using transaction traffic on the casino platform to eliminate traces of tracking.

[dimonstration]

So the cryptocurrency was created to be anonymous. Especially anonymity is necessary for the casino so that no one knows about your winnings.

Not really, the truth is most of cryptocurrency we've found are completely centralized and no have privacy feature.
It's different with Bitcoin which offer pseudonymous and privacy coins e.g. Monero offer completely 100% anonymous feature.

I don't think there's a casino doesn't know about your winnings, at least they have recorded your IP address, your address and where the funds send to. That's not anonymous anymore.

If a person wants to be anonymous, he will be. He will hide IP addresses, will use different wallets so that it is not possible to track where he withdraws money. But the question is, why does he need anonymity at all?

There’s a lot of factor why people choose to be anonymous such the government on his country is too strict to track all the financial movement of its citizen and playing on crypto casino might have a conflict to there law that’s why they want a complete anonymous to avoid conflict to the authorities. Some people don’t want someone snipping in there assets or sharing there information to other institutions unless it was really required by the government.

I get the point that you shouldn’t have any problem giving your identity if you don’t do anything wrong but it still a matter of preference on someone privacy.

[logfiles]

If a person wants to be anonymous, he will be. He will hide IP addresses, will use different wallets so that it is not possible to track where he withdraws money.

Except that they won't be able to pull this off if they are using a centralized service that is AML compliant like some casinos such as cloudbet.

What happens when you make a deposit, win so huge, and cloudbet asks for KYC verifications? You are from the US, but you IP address from a VPN service you are using show that you are from Japan?

But the question is, why does he need anonymity at all?

There are so many reasons from bypassing geo-blocking, privacy and tax evasion