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

[logfiles]

So far there is no KYC only in DeFi products.

Who lies to you that they do not require KYC?
There are several Defi platforms that require KYC verification. Here are a few examples
1. Blockfi - https://help.blockfi.com/hc/en-us/articles/360048862532-Why-do-I-have-to-complete-KYC
2. Curve - https://help.curve.com/en_us/verify-your-identity-in-the-curve-app-rJqJVYKvK

In fact, I don't know why people even call then decentralized finance.

[Ieatboogers]

66 bitcoins in a locked account since June this year, blocked twice from discord for telling my story. Cloudbet appear to want to pay it and saying the right things after trying to dodge me for months but yet to be backed up with action, full story to come tonight as they can’t block me here.

[Ieatboogers]

- IEATBOOGERS - SCREENSHOTS AND TRANSCRIPTS UPLOADED LATER TONIGHT, anyone from the discord will know some of my story however I will condense it to a few paragraphs and post with the relevant evidence tonight

[Ieatboogers]

-IEATBOOGERSCB- discord channel has been created will ALL INFO and evidence showing the true owners of Cloudbet and how their operation runs. They have held my 66 bitcoins for months and now they are playing games let’s see if this gets attention https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7

[LUCKMCFLY]

Whenever we start operating in a casino, we can get excited and make many transactions, but when we are in a country that they call prohibited it is somewhat more difficult, if a person operates with a casino and makes a profit and when he wins he wants to make a withdrawal sometimes they are usually asked to pass a KYC to complete everything, but that is where the problem comes, because if the person does not want to give the KYC then everything will be in dispute, and this usually happens when the terms and conditions are not read or how is, and if that player had read that, I'm sure he would have stuck to everything that came to him with KYC.

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.

@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.

That's right, almost all casinos already require KYC and this is something that will continue to be required, and the terms and conditions that will be made will be to see how authentic the person is and if they did not commit fraud with their documents or something, I think that is one of the reasons why KYC is required when a withdrawal will be made, which I find sometimes a bit annoying, but when looking at it from a point of view focused on player security, it is good, because If you enter your account, they hack it and make withdrawals only with the input data, it is something that can happen, it has happened to me that one day they did it because they did not have a 2FA security layer.

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.

Now many licensed exchanges have refused to work with Monero because transactions in Monero are anonymous and it is impossible to trace the origin of funds. Probably the ban on working with Monero also applies to licensed casinos.

That is why the casino that manages to work with Mmonero in its ranks will be the King and AMO, where most players will always want to play, for me this is an indication that the casino that is somewhat irreverent and that manages to sneak in with This option will be the casino with the most traffic worldwide, without a doubt it will have the power of everything.

I think that for now no casino is going to implement it, but I imagine that they have made several proposals, because it is something that would really make a difference with respect to the others, it is like standing out and being the leader of all, I think that competing with a casino So, it's a very difficult thing.

[Beparanf]

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.

Sometimes cryptocurrency is used for criminal purposes, so criminals want to remain anonymous. But in most cases, people just don't want to pay taxes on their income and show their big winnings to other people. That's why anonymity is so popular in casinos.

You’re right but this days criminal money use mixer instead of casino because casino already have a wagering requirements before they can withdraw and they might lose most of there money if they gamble it since they have huge money that needs to wager unlike on mixer that typically charge small percentage of the initial amount just to make the crypto untraceable from chain analysis investigation.

Most of the user that wants complete anonymous on casino nowadays are just for tax purposes because they can dodge tax report of winnings on crypto casino if it’s not registered under there name.

[Ieatboogers]

1.3 million euro win held for 3 months!
-IEATBOOGERSCB- discord channel has been created will ALL INFO and evidence showing the true owners of Cloudbet and how their operation runs. They have held my 66 bitcoins for months and now they are playing games let’s see if this gets attention https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7

[logfiles]

1.3 million euro win held for 3 months!
-IEATBOOGERSCB- discord channel has been created will ALL INFO and evidence showing the true owners of Cloudbet and how their operation runs. They have held my 66 bitcoins for months and now they are playing games let’s see if this gets attention https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7 https://discord.gg/JrDSb2A7

Why don't you open up a legitimate scam accusation and share the whole story there. I am not about to create a discord account just to read what you posted there
Use this scam reporting format - https://bitcointalk.org/index.php?topic=260073.0

If a person has nothing to hide and does everything legally and honestly, then why does he need anonymity? Thanks to regulation, the rights of ordinary crypto holders  are more protected.

You are missing the point. Besides, we all have something to hide. It's called Privacy mate. Otherwise, if you have nothing to hide, then why aren't you walking naked on the streets?  Or would you feel comfortable staying in a house full of camera's with someone watching you all day and night, even if you were a law a bidding citizen?

[logfiles]

Previously, cryptocurrency exchanges were anonymous, but the more regulated the cryptocurrency becomes and the more people use it, the less anonymous the exchanges become. The same goes for the casino. The more regulated casinos are, the less anonymous they are.

I don't think this is entirely true. For example, Bitmex was more popular as a derivatives exchange before they introduced mandatory KYC. You would say when they introduced mandatory KYC for all their customers, they became compliant and fully regulated. Many traders abandoned for less strict exchanges.

[Slow death]

I passed the scam section and came across this sad and regrettable situation:

Cloudbet - Asked for verification and blocked account.

It's been 1 month since this guy is waiting for a solution, this way of working is shameful, I can't believe it takes 1 month for an account to be investigated, what's happening with this casino? Could it be that there are thousands of customers with the same problem and a lack of employees in the investigation department to the point that someone has to wait 1 month to see their problem resolved? if this is the case then write on the ANN Thread that they have already exhausted their customer service capacity and that for this reason they cannot accept new users, because this guy has been waiting for your response for 1 month and this is not a good way to work.

[LUCKMCFLY]

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.

You are right, in fact many casinos the first licenses they look for is the Curacao license and they are very well accepted, when counting the casinos on the forum, most of them have it, so it is the most accepted and I think all members of the forum think similarly, I don't know, but talking about this license is because there are many things that may be missing to learn, I know that some do not like the license, because it usually presents some restrictions to some pa'piss in common, it is something that I do not agree with but those are their regulations, the truth is that I do not understand either, because nobody should be prohibited when it comes to games.

[Beparanf]

I passed the scam section and came across this sad and regrettable situation:

Cloudbet - Asked for verification and blocked account.

It's been 1 month since this guy is waiting for a solution, this way of working is shameful, I can't believe it takes 1 month for an account to be investigated, what's happening with this casino? Could it be that there are thousands of customers with the same problem and a lack of employees in the investigation department to the point that someone has to wait 1 month to see their problem resolved? if this is the case then write on the ANN Thread that they have already exhausted their customer service capacity and that for this reason they cannot accept new users, because this guy has been waiting for your response for 1 month and this is not a good way to work.

This is happening on most of the casino even trusted one because they are not prioritizing this kind of investigation over there operation. They usually taking things slowly so that they can give an accurate result that will be fair for players and to them. 1 month is really long for this kind of investigation and cloudbet should give a conclusion already because this is already enough time to check single account especially that this issue was reported publicly that might hurt there reputation.

Cloudbet is not active so it’s very hard to raise a concern from here without there representative being active here.

[LEVSKI7]

Yes, but the Curaçao regulator has no other activity than collecting license fees  :Dand if you complain to an institution in your country, the most they can fine you is for playing on an illegal site

[wiss19]

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.

You are right, in fact many casinos the first licenses they look for is the Curacao license and they are very well accepted, when counting the casinos on the forum, most of them have it, so it is the most accepted and I think all members of the forum think similarly, I don't know, but talking about this license is because there are many things that may be missing to learn, I know that some do not like the license, because it usually presents some restrictions to some pa'piss in common, it is something that I do not agree with but those are their regulations, the truth is that I do not understand either, because nobody should be prohibited when it comes to games.

That is not a license that I trust to be fair, and that's not the reason why I trust places. Like for example let's take Cloudbet into consideration here, when we are talking about here, I trust cloudbet more than I trust curacao license, which means that if they didn't have it, nothing would change for me.

Places shouldn't really go for licenses directly, they would need to first gain the trust of the people, and license is not a way of doing it, time is. If you are a casino for a long time and never have anyone complaining about you then you are going to be fine. Cloudbet is awesome and they will keep being awesome with whatever license they have or not have.

[LEVSKI7]

you must be joking. there are countries where gambling income is not taxed. and how will you pay tax after playing illegal gambling with curacao license.

[logfiles]

Privacy is getting smaller and smaller, and there are more and more cameras on the streets.

This is nothing. Anyone can see your face every day anyway unless if you move Sun glasses, a cap and scarf covering your face. The privacy I am talking about are those small extra details about you that everybody shouldn't know about you.

Anonymity has no place left.

Why not

The state is very interested in our income, since taxes are paid from all income. Therefore, the passing KYC in the casino is mandatory.

from where I come from, even if I won $1M from an online casino and let say i managed to withdraw and passed the KYC, the state wouldn't even be able to know that I won that much let alone tax it  
So again, what was the point of me passing the KYC again? From the state's side, nothing!
From the casino's side, maybe there's a reason... multi accounting, playing from restricted jurisdictions etc.

[erep]

from where I come from, even if I won $1M from an online casino and let say i managed to withdraw and passed the KYC, the state wouldn't even be able to know that I won that much let alone tax it  
So again, what was the point of me passing the KYC again? From the state's side, nothing!
From the casino's side, maybe there's a reason... multi accounting, playing from restricted jurisdictions etc.

That the KYC function is only for gambling platform internal factors and even though we have more gambling accounts on different platforms, each account is required to complete KYC verification. So the KYC function is not even related to different platforms let alone countries, if for example the platform deducts tax fees from jackpot winnings but maybe there is no tax report to that country, so they just deduct the jackpot winnings for tax reasons.

[logfiles]

So the problem is that soon there will be no exchanges without KYC and users will have to pass KYC on all exchanges. The same goes for the casino. Only very small exchanges and casinos with low liquidity or outright scammers will leave.

But new services keep popping up every day, and they seem to know what crypto users like which is privacy or anonymity so that time may never come. If it was a case where there were no new services being opened, then today we wouldn't have any new exchanges or casinos with relaxed KYC verifications.

[Eternad]

from where I come from, even if I won $1M from an online casino and let say i managed to withdraw and passed the KYC, the state wouldn't even be able to know that I won that much let alone tax it  
So again, what was the point of me passing the KYC again? From the state's side, nothing!
From the casino's side, maybe there's a reason... multi accounting, playing from restricted jurisdictions etc.

That the KYC function is only for gambling platform internal factors and even though we have more gambling accounts on different platforms, each account is required to complete KYC verification. So the KYC function is not even related to different platforms let alone countries, if for example the platform deducts tax fees from jackpot winnings but maybe there is no tax report to that country, so they just deduct the jackpot winnings for tax reasons.

It is believed that KYC is needed in order to prevent fraud. After all, a person who has passed KYC will not cheat. On the other hand, KYC can also be fraudulent if a person wants to specifically and professionally cheat a casino or an exchange.

Yeah, This is dangerous for those user that selling there verified gambling account in the market. I saw many users before that selling this kind of accounts and most probably it was hacked account. Worst scenario was your KYC account got hacked and used to cheat in the casino while you have the ID for the casino to trace and sue you for the violations that scammer did. This is what I’m avoiding too on submitting my KYC on casino.

[Garsipop]

But new services keep popping up every day, and they seem to know what crypto users like which is privacy or anonymity so that time may never come. If it was a case where there were no new services being opened, then today we wouldn't have any new exchanges or casinos with relaxed KYC verifications.

New services appear and disappear. Only the best of them remain, and in order to work for a long time and confidently, they need regulation, licenses and KYC.