Information of Crypto Casinos License and KYC requirements

[danadc]

Almost every casino here has a gaming license in Curacao or data processing license in Costa Rica. These licenses don't mean anything since anyone here without a criminal record can get a license in Curacao for under $20k USD within 6 weeks and less in Costa Rica.

The only reason the casinos ask for KYC is a way of not paying. In Curacao all the casinos work under a sub-license under one of the four master licenses. In the UK and US, licensing is strict. It's not that way for bitcoin casinos.

That sounds like a conspiracy theory and only applies to scamming casinos. Real reason with legit casinos is that they are complying with AML laws. They are checking every account they are suspecting og faul play and are required by law to freeze their accounts and contact officials.

And if they want to handle fiat money in the future and be operational it would be foolish from them not to complain with AML laws, because why would they risk their existence and wouldn't do that?

License, as I understand, is more to do with law requirements, than with behavior of the licensed casino. Gambling is either banned or toughly restricted in most of the world, so it's really a trouble for such business owners to legalise the income from this, so that the little amount of places whose authorities are allowed to license casinos are in a huge favour of casino owners. So control functions of licensing authorities are a bit limited under such circumstances.

The authorities and everything that has to do with it will never support the casinos, because they do not receive money, everything is for the house and for the owner, the way they can control and receive some money is by demanding licenses and data to be able to start pressing, I think that things that are games of chance, sports betting are considered bad by many, and not as a Style of entertainment,everyone blames the casinos for addictions, but the culprits are not the casinos, They are the same people who do not control themselves.

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[LUCKMCFLY]

Well, in my opinion, KYC should be mandatory for all casinos due to the reasons shared in your post and other reasons.
However, it increases the chances of credible players and helps prevent abuse, such as hacking or any unauthorized bluff playing and cheating.
Therefore, all casinos must implement KYC for the sake of the presentation of the casino's reputation and players.

I understand that casinos need the kyc so that they can be well and in accordance with the laws, but of course things can happen in different ways, because we remember that when playing with cryptocurrencies things change, some know that kyc should not be requested, since the crypto were created precisely to escape the oppressed yoke of the traditional system where Identification is needed for everything, then some are bothered by that, of course one as a player makes exceptions with the casinos that are our Favorites and it is done, but not all have the same thought.

[Crypt0Gore]

As expected, I am just stumbling on this wonderful thread, what well-detailed information, I never knew this is available on this forum, bravo to you OP. This will safe many gamblers from unexpected requirements of KYC verification, many people are complaining about the sudden requirement and so many have misunderstood this and called online casinos a scam for asking for KYC verification after they win some money on the platform. I somehow wished that this thread can be pinned on the very first page of this gambling section. I don't think it will be possible, but if it is, this will safe a lot of time for new gamblers coming on here.

[decodx]

As expected, I am just stumbling on this wonderful thread, what well-detailed information, I never knew this is available on this forum, bravo to you OP.
<...>

Totally feel you, Crypt0Gore. Dealing with online casinos asking for KYC verification can be a pain in the butt. But this thread has some seriously helpful info. And it's pretty cool that the OP still updates it regularly even after a whole year! Gotta love forum members who go the extra mile to help others out.

[LUCKMCFLY]

BitKong has been operating for 7+ years, the fact it has no license makes it less trustable?!

The reputation of a casino is more worthy than the license of the casino. But the gamblers search for the license of a casino now when a new casino arrives in the gambling world. There are few more old casinos running with their reputation without having the gambling license (Bitvest, Bustabit, Bustadice). The license will only cost a few thousand dollars while their reputation is worth than hundred thousand dollars. BitKong is trustable than a new licensed casino which has no reputation.

The license is used by the casino to get permission to operate with certain authorities and keep the casino from having problems with countries that prohibit gambling, but with a casino using a license it will ask KYC for gamblers who register.
In the gambling industry, licenses are now one of the virtues that casinos must have.
Many casinos are new to their license but don't have a good reputation yet, naturally they are still new to the gambling industry so they don't have a good reputation yet.
Regarding the old casino with a good reputation but don't have the license you are talking about, I know it, but for me the license is no less important to prioritize if you want to use the casino.

I have seen many people who, when a casino does not have licenses, the first thing they do is criticize them until I make them have them, but the licenses also mean that casinos can still turn to the bad side and can create a big scam, I don't know They have realized that the casinos that have all the licenses, that require kyc, then this does not guarantee that it protects the players, I have always said that the casinos that are older and that have a good reputation is another case, they already have a seniority and a trust earned, in my case those are the casinos that I trust the most.

[klidex]

As expected, I am just stumbling on this wonderful thread, what well-detailed information, I never knew this is available on this forum, bravo to you OP.
<...>

Totally feel you, Crypt0Gore. Dealing with online casinos asking for KYC verification can be a pain in the butt. But this thread has some seriously helpful info. And it's pretty cool that the OP still updates it regularly even after a whole year! Gotta love forum members who go the extra mile to help others out.

This thread really helps other people and especially new users visiting this forum to find the casino they want and definitely without KYC requirements.
I think Op is a creative person on this forum willing to spend his time helping others make it easier to find casino information and this thread deserves an award.
Good job Op keep updating what should be updated and you are a great person Op.

[Yatsan]

Almost every casino here has a gaming license in Curacao or data processing license in Costa Rica. These licenses don't mean anything since anyone here without a criminal record can get a license in Curacao for under $20k USD within 6 weeks and less in Costa Rica.

The only reason the casinos ask for KYC is a way of not paying. In Curacao all the casinos work under a sub-license under one of the four master licenses. In the UK and US, licensing is strict. It's not that way for bitcoin casinos.

That sounds like a conspiracy theory and only applies to scamming casinos. Real reason with legit casinos is that they are complying with AML laws. They are checking every account they are suspecting og faul play and are required by law to freeze their accounts and contact officials.

And if they want to handle fiat money in the future and be operational it would be foolish from them not to complain with AML laws, because why would they risk their existence and wouldn't do that?

License, as I understand, is more to do with law requirements, than with behavior of the licensed casino. Gambling is either banned or toughly restricted in most of the world, so it's really a trouble for such business owners to legalise the income from this, so that the little amount of places whose authorities are allowed to license casinos are in a huge favour of casino owners. So control functions of licensing authorities are a bit limited under such circumstances.

The authorities and everything that has to do with it will never support the casinos, because they do not receive money, everything is for the house and for the owner, the way they can control and receive some money is by demanding licenses and data to be able to start pressing, I think that things that are games of chance, sports betting are considered bad by many, and not as a Style of entertainment,everyone blames the casinos for addictions, but the culprits are not the casinos, They are the same people who do not control themselves.

Actually there are instances authorities or state is supporting gambling activities; lotteries and horse racing are to name a few. What makes them legal in countries gambling is prohibited, is simply taxation. In my country, lottery operators are under government by means of registration. In such way, casinos or gambling platforms are being considered. But in this industry wherein transactions occur in chains and with anonymity,  it would be hard to imply such system. It is not the blame which makes the legalization a big deal but the social norm in accordance with the bible and also the manner of taxation given how it contributes to a country's economy. Therefore, there's an excemption in some cases.

[danadc]

Almost every casino here has a gaming license in Curacao or data processing license in Costa Rica. These licenses don't mean anything since anyone here without a criminal record can get a license in Curacao for under $20k USD within 6 weeks and less in Costa Rica.

The only reason the casinos ask for KYC is a way of not paying. In Curacao all the casinos work under a sub-license under one of the four master licenses. In the UK and US, licensing is strict. It's not that way for bitcoin casinos.

That sounds like a conspiracy theory and only applies to scamming casinos. Real reason with legit casinos is that they are complying with AML laws. They are checking every account they are suspecting og faul play and are required by law to freeze their accounts and contact officials.

And if they want to handle fiat money in the future and be operational it would be foolish from them not to complain with AML laws, because why would they risk their existence and wouldn't do that?

License, as I understand, is more to do with law requirements, than with behavior of the licensed casino. Gambling is either banned or toughly restricted in most of the world, so it's really a trouble for such business owners to legalise the income from this, so that the little amount of places whose authorities are allowed to license casinos are in a huge favour of casino owners. So control functions of licensing authorities are a bit limited under such circumstances.

The authorities and everything that has to do with it will never support the casinos, because they do not receive money, everything is for the house and for the owner, the way they can control and receive some money is by demanding licenses and data to be able to start pressing, I think that things that are games of chance, sports betting are considered bad by many, and not as a Style of entertainment,everyone blames the casinos for addictions, but the culprits are not the casinos, They are the same people who do not control themselves.

Actually there are instances authorities or state is supporting gambling activities; lotteries and horse racing are to name a few. What makes them legal in countries gambling is prohibited, is simply taxation. In my country, lottery operators are under government by means of registration. In such way, casinos or gambling platforms are being considered. But in this industry wherein transactions occur in chains and with anonymity,  it would be hard to imply such system. It is not the blame which makes the legalization a big deal but the social norm in accordance with the bible and also the manner of taxation given how it contributes to a country's economy. Therefore, there's an excemption in some cases.

In any casino that is regulated, they must always give answers or give explanations to the governments, because otherwise they would be left without their licenses, they would not be left alone, I lived in a country where casinos and betting games were not legal, for 20 years they were suspended only because the government was dictatorial, the one that exists now is dictatorial but accepts the casinos, but they have to pay them very well, it is the only way they can operate, otherwise it is illegal and they can go to jail, it's hard.

[abel1337]

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Actually there are instances authorities or state is supporting gambling activities; lotteries and horse racing are to name a few. What makes them legal in countries gambling is prohibited, is simply taxation. In my country, lottery operators are under government by means of registration. In such way, casinos or gambling platforms are being considered. But in this industry wherein transactions occur in chains and with anonymity,  it would be hard to imply such system. It is not the blame which makes the legalization a big deal but the social norm in accordance with the bible and also the manner of taxation given how it contributes to a country's economy. Therefore, there's an excemption in some cases.

In any casino that is regulated, they must always give answers or give explanations to the governments, because otherwise they would be left without their licenses, they would not be left alone, I lived in a country where casinos and betting games were not legal, for 20 years they were suspended only because the government was dictatorial, the one that exists now is dictatorial but accepts the casinos, but they have to pay them very well, it is the only way they can operate, otherwise it is illegal and they can go to jail, it's hard.

It's understandable that the government should tax those casinos but I believe a government that is dictatorial that change it's mind to legalized gambling again will ask for a hefty tax to them. These will leave smaller casino not to operate in that country given that most of their profit will only go to the government which big casino can prosper given that they don't have much competition in that market in that country. Casinos will just comply to that certain country requirements just to operate, if not I'm sure the operators will surely be put in jail especially that your country is dictatorial.

[death69]

~snip~

Actually there are instances authorities or state is supporting gambling activities; lotteries and horse racing are to name a few. What makes them legal in countries gambling is prohibited, is simply taxation. In my country, lottery operators are under government by means of registration. In such way, casinos or gambling platforms are being considered. But in this industry wherein transactions occur in chains and with anonymity,  it would be hard to imply such system. It is not the blame which makes the legalization a big deal but the social norm in accordance with the bible and also the manner of taxation given how it contributes to a country's economy. Therefore, there's an excemption in some cases.

They say the house never loses. In a few countries, that house happens to be the government. Bingo - when it's lotteries and horse racing, the authorities are often the top gamblers. But don't let that dissuade you. If the government can profit from betting, why not you?

Of course, cryptocurrencies add complexity. Monitoring winners and losers among countless transactions is a challenge. But isn't that the excitement? In the end, whether to legalize gambling is a matter of opinion. As for yours truly, I say take a chance and see where it leads. Who knows - you could hit the mother lode!

[Lucasgabd]

Great table.

I would personally like to see another column with a "worst case scenario" for each casino. E.g. if you fail to identify yourself, what would happen? Do they seize your funds, refund you the whole amount & close your account, or refund your deposit only?

May be a bit hard to find that info, perhaps look at T&Cs?

Interesting suggestion
It makes me think on how difficult it is to find jurisprudence and track history of known issues with some online websites

Something like a brazilian “reclame aqui” for crypto

Has anyone seen that until this day?

[slapper]

~snip~

It's understandable that the government should tax those casinos but I believe a government that is dictatorial that change it's mind to legalized gambling again will ask for a hefty tax to them. These will leave smaller casino not to operate in that country given that most of their profit will only go to the government which big casino can prosper given that they don't have much competition in that market in that country. Casinos will just comply to that certain country requirements just to operate, if not I'm sure the operators will surely be put in jail especially that your country is dictatorial.

Casinos are government Monopoly tokens. Changes in government policy are like playing chess with a bird. Despite your skill, the pigeon will ruin your game by playing like a pro.

However, gamblers rule the government. They want to control everything, including money. The tragedy? Small businesses suffer. They're minnows in a sea of bureaucracy, and the government eats money.

Forget the setback and celebrate this tremendous victory! Our government keeps surprising us, right? We'll persevere. We'll play for fun, right?

[tusandii]

It's understandable that the government should tax those casinos but I believe a government that is dictatorial that change it's mind to legalized gambling again will ask for a hefty tax to them. These will leave smaller casino not to operate in that country given that most of their profit will only go to the government which big casino can prosper given that they don't have much competition in that market in that country. Casinos will just comply to that certain country requirements just to operate, if not I'm sure the operators will surely be put in jail especially that your country is dictatorial.

Casinos are a business with money circulation and profits that can be said to be huge so that the government will do anything to be able to take advantage of casinos as a source of state revenue.
After all, every casino will pay any taxes as long as the government grants a license to carry on a gambling business.
But it is true what you say that the taxes provided by the government are usually not met by small casinos because of the limited profits that are few.
Maybe the government can ask for taxes by sharing a percentage of profits so that each casino can easily manage its finances and continue to operate.

[efialtis]

@Mahdirakib

Said it before, that`s a great source of information you have created here

If you would be available (and interested) in helping me out with updating licensing/KYC information for BTCGOSU listed operators, please send me an email. It`s admin and our domain name.

More than 100 operators are listed and we need to go through them all and see if the information is accurate - as accurate as possible since the whole KYC subject is, of course, a mess, and will keep being a mess until crypto gambling may be regulated sometime in the far future.

[BenCodie]

This is a fantastic post and will be merited once I have some more sMerit available! It is very surprising to see that there are so little platforms left that are allowing players to play without KYC. I suppose this comes with gaining a casino license.

Great table.

I would personally like to see another column with a "worst case scenario" for each casino. E.g. if you fail to identify yourself, what would happen? Do they seize your funds, refund you the whole amount & close your account, or refund your deposit only?

May be a bit hard to find that info, perhaps look at T&Cs?

The T&C's would probably always return that the casino will confiscate funds in the worst case scenario. It is probably worth verifying that across all T&C's for each one and adding this information though.

To accurately know the worst case scenario how you have described though, would only be from experience of multiple users. Consistent results would give a somewhat definitive answer. Inconsistent results would give you a worst case but would require more information as to why it varied. I could elaborate on the process but to cut a long post short - it would require an almost impossible amount of time and manpower to be able to do this for every casino and to post accurate information/keep the information accurate.

[Slow death]

The T&C's would probably always return that the casino will confiscate funds in the worst case scenario.

honestly I can't understand this attitude of a casino withholding customer funds because they refused to do KYC, KYC's goal is to fight money laundering but if the casino says that people shouldn't deposit and withdraw without at least playing until they reach 50% or 70% of the amount they deposited then any possibility of someone stealing money and depositing it in that casino to do money laundering is impossible, so why would the casino retain people's money because it didn't pass KCY? my conclusion is that many casinos are using KYC and TOS to retain and steal customers' money.

I think the OP should get in touch with the support of each casino and ask how long it will take for the KYC to be approved, with that we would have an idea of how long each casino takes to approve KYC and in case we hear that someone complained that it was too long more time waiting for KYC while here in the OP it is that the casino does KYC quickly so people would already be cautious when they use this casino, for me having this data is something very relevant, because many casinos lie a lot especially in this KYC issue

[BVeyron]

It's understandable that the government should tax those casinos but I believe a government that is dictatorial that change it's mind to legalized gambling again will ask for a hefty tax to them. These will leave smaller casino not to operate in that country given that most of their profit will only go to the government which big casino can prosper given that they don't have much competition in that market in that country. Casinos will just comply to that certain country requirements just to operate, if not I'm sure the operators will surely be put in jail especially that your country is dictatorial.

Casinos are a business with money circulation and profits that can be said to be huge so that the government will do anything to be able to take advantage of casinos as a source of state revenue.
After all, every casino will pay any taxes as long as the government grants a license to carry on a gambling business.
But it is true what you say that the taxes provided by the government are usually not met by small casinos because of the limited profits that are few.
Maybe the government can ask for taxes by sharing a percentage of profits so that each casino can easily manage its finances and continue to operate.

The problem with relationship between governments and casinos is, in fact, quite old law regulations. In most countries the casino industry has been banned or at least heavily restricted for decades. With the development of online gambling sites, casino laws need improvement: there are still many unidentified definitions and lack of understanding of the modern reality

[LUCKMCFLY]

The T&C's would probably always return that the casino will confiscate funds in the worst case scenario.

honestly I can't understand this attitude of a casino withholding customer funds because they refused to do KYC, KYC's goal is to fight money laundering but if the casino says that people shouldn't deposit and withdraw without at least playing until they reach 50% or 70% of the amount they deposited then any possibility of someone stealing money and depositing it in that casino to do money laundering is impossible, so why would the casino retain people's money because it didn't pass KCY? my conclusion is that many casinos are using KYC and TOS to retain and steal customers' money.

I think the OP should get in touch with the support of each casino and ask how long it will take for the KYC to be approved, with that we would have an idea of how long each casino takes to approve KYC and in case we hear that someone complained that it was too long more time waiting for KYC while here in the OP it is that the casino does KYC quickly so people would already be cautious when they use this casino, for me having this data is something very relevant, because many casinos lie a lot especially in this KYC issue

In a relevant problem when casinos are suspicious or suspend accounts or block, it is very difficult for the player in question to have reasons to win those cases,they would have to open up a lot to be able to accept that the casino was wrong, but I start from a premise, if the casino Makes a Mistake, the casino quickly assumes and removes the player's balance, but if the player makes a mistake?I have not seen cases where the casino makes returns because there was an error and the Player asked for a lot of money and it was returned to him, I have not seen that, and I think that Something like that has not happened.

[borovichok]

In a relevant problem when casinos are suspicious or suspend accounts or block, it is very difficult for the player in question to have reasons to win those cases,they would have to open up a lot to be able to accept that the casino was wrong, but I start from a premise, if the casino Makes a Mistake, the casino quickly assumes and removes the player's balance, but if the player makes a mistake?I have not seen cases where the casino makes returns because there was an error and the Player asked for a lot of money and it was returned to him, I have not seen that, and I think that Something like that has not happened.

Placing claims against casino sites is a complete waste of time, given that you cannot sue a whole firm for a simple KYC issue; you must have sufficient grounds to prosecute them, and your chances of success are only 20%. They are built in such a way that only the gamblers are expected to be incorrect. Casino is well-known around the world, and it's even more astonishing to watch the judges playing casino games. KYC standards are required for the secure withdrawal of earnings accumulated from casino games played. It is the only proof that one is the owner of that participant account; failing to pass KYC indicates that gambling accounts have been hacked. 

[kingvirtus09]

There are other casinos here that do not immediately ask for kyc from the gambler even after winning more than 200$, because Livecasino is one of them, I have experienced winning here on this casino platform but I was not taken by the kyc in the arond I won more than 200$ and I didn't have any problems. Maybe I haven't reached the maximum withdrawal limit yet so I was able to withdraw and once I reach my limits I might be asked for kyc.