Why do Casinos ask for so much during withdrawal?

[Accardo]

Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.

ANY IDEA?

[panjul07]

Do not generalize just based on some stories, not all casinos do as what you think.
I've played in some different casinos and none of them asked me to do KYC when I want to withdraw my winning.
Of course my winning is not big amount, worth few hundred dollars only for each withdrawal.
Every casino has their own terms, this is what you need to read especially about the KYC terms before deciding to play.

[harizen]

As you said, you don't have any experience playing in a crypto casino yet but the way you asked a question, you are already making a conclusion that such problems do always happen in crypto casinos. Come experience playing there first.

About withdrawals, maybe not instant in most cases but waiting for a few minutes to half-hour should not be a big concern.

Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc.

Care to share those sites or threads you encounter while scrolling related to complaints like that to give you a much better and clear response?

But they careless about asking for those information when the player is losing money in the platform.

What do you mean by "careless"? What expectation you are looking for when you lose money on the platform?

Do you mean the money lose without a reason to the account (maybe bug, error, glitch, etc) or the user experience losing the money by usual gambling?

[Doell]

so if withdraw big wins KYC is applied only once to verify the validity of an account ,they don't want one person to have multiple accounts for bonus purposes or anything like that ,so KYC is applied for that ! for losing gamblers you mean maybe when they win they will do the same thing
usually there is an option in the account settings regarding KYC so that the user can verify it at the beginning ,so if the account can't be verified then the user can go and leave the web !
depending on what web you mean? if the gambling website is identified as a scam or is not trusted in any case ,then don't try to play there ! gambling platform are many famous no KYC websites

[fiulpro]

Not all of them
Few of the casinos I know don't really charge much for example when I talk about blackjack.fun their transaction fee is quite alright so is Roobet's as well but there was a casino that was charging me 40$, which is insane!!! That's ridiculous, I do think the reason they do it is so that people don't really take the money out and try and play more which generally ends up emptying your bank balance. The key is finding a casino which does not charge this much, even 5$ is pretty high!! Plus you also have to take care of the casinos which have instant withdrawals as well, some of them will provide you with an option of urgent or no. So next time just try doing the KYC, it's not a big deal and be careful about the accounts you might have created in tbr past and forgot about them.

[Fortify]

Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.

ANY IDEA?

It should be obvious but casinos are in the business of making money. It's about getting a person to deposit money, then keeping them enticed enough by various tricks to stay for as long as possible, dragging out their losses with occasional wins so that they will form a bit and ultimately deposit repeatedly because they think it's possible to win. Gamblers have a terrible habit of forgetting many small losses while idealizing a few big wins - that is what gets the happiness endorphins pumping after all, the thrill of winning a much bigger amount than the bet. If a casino cannot keep a gambler in this way, it makes financial sense for them to put up as many obstacles as possible at the withdrawal stage, either in the form of fees or burdensome requirements like additional documentation, they're hoping the gambler will just say f### it and waste any remaining amount. You won't find many casinos operating from big jurisdictions like the UK or US but they'd be required to fulfill KYC if they were based there, to detect criminal activity. This ignores all the pure scams that might be out there.

[romero121]

Everything is pure business, and not every gambling platform does it. At times when a player wins big and wants to withdraw, few gambling platforms try some tactics to restrict them from withdrawing it. This makes the player go for further betting and end up losing everything. Maybe that too can be a reason. From what I've come across, there are not many gambling sites doing such activities ruining the trust of the platform.

[goaldigger]

Good question here since they should ask that the moment you deposit big money on their platform, that should be the first alarm for them and not to allow you to gamble if you didn’t pass the requirements unfortunately, they will let you gamble first and spend that money but when you withdraw, that’s the start of your problem. Well, business is business and they can’t just let you withdraw your money without answering those questions, if you think you didn’t violate any rules then that’s fine, just comply to avoid any delays since you can’t do anything about it.

[ryzaadit]

To be honest, the story is really true.

That's why I really care to put such a big money on the casino, more than 1,000$ already a big chunk and you might get a problem in this case. I most time playing with some review experience from users not websites.

Sometimes this case is to make some delay, the most hatting situation while you got this problem and the balance is not deducted or they rejected your request due still finishing KYC. Guess what? to make you bet again and lose all the money.

My most recommended website withdraw a thousand $ without issue or KYC:
- Stake
- Duelbits
- Rollbits
- Roobet.

[TinaK]

You generalized them and I think not all of them have the same problem when it comes to withdrawal.
Maybe before you will use that gambling platform ask first their customer service about this issue and make a clarification regarding this matter to avoid this trouble the next day. All in all, we should need to read the C&S first and then the FAQ because I'm sure there will be frequent questions there that we should know before using them.

Another reason could be, if the gambling platform has this KYC for sure they also follow government protocol which is anti-fraud or money laundering especially if you deposit and withdraw back just the purpose to mix your coin. Think first about the wager requirements before you do this.

[jossiel]

They're not careless about it when someone is losing. It's part of their rules and basically if you're seeing that they've asked you suddenly about KYC, maybe it's by the book.

You have to read the rules and how much they're allowing their users to withdraw without the KYC. And usually, they're only asking for KYC when there's a sudden surprise for the activity of the user's account. That's why choosing at the beginning where you're going to gamble is important.

[Silberman]

Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.

ANY IDEA?

I know that some may think this is suspicious but it makes sense, if you are just gambling and not withdrawing your money from the casino then there is not much of a reason to give attention to your account, this is also true if you are only withdrawing small amounts, but if you try to withdraw a big amount then things change, this does not mean the casino is trying to scam the customer but that now they will give them some attention and see if everything is fine, if that is the case then many casinos will allow you to withdraw your coins without too much trouble, but if they find something suspicious then that is when they will begin to ask some questions about your account.

[AmoreJaz]

They're not careless about it when someone is losing. It's part of their rules and basically if you're seeing that they've asked you suddenly about KYC, maybe it's by the book.

You have to read the rules and how much they're allowing their users to withdraw without the KYC. And usually, they're only asking for KYC when there's a sudden surprise for the activity of the user's account. That's why choosing at the beginning where you're going to gamble is important.

and if the casino is known to be reputable, then, you don't have to worry about KYC. also, maybe the winnings are big and usually that requires to undergo the verification procedure before withdrawal. to be sure, one should always check their ToS, about their  min withdrawal and other things. while there are some questionable casinos that really do ask KYC once their player wins, for the reason that they want to stall the payment of winnings or worst, they don't have funds or their bankroll will be depleted esp for small casinos.
but if you are in a known and bigger casino, just comply with their kyc and you will definitely get your winnings.

[dothebeats]

Some of them need to comply on KYC and AML regulations, hence why they require you to submit such documents before you can withdraw your funds. However, there are still a lot of cryptocurrency casinos and gambling platforms that do not ask for these, so I don't see where you're coming from with the 'complaints' that you have read. Perhaps on the withdrawal fees and the delay on the system of the platform itself, but not necessarily on things that you have mentioned.

[DoublerHunter]

Some of them need to comply on KYC and AML regulations, hence why they require you to submit such documents before you can withdraw your funds. However, there are still a lot of cryptocurrency casinos and gambling platforms that do not ask for these, so I don't see where you're coming from with the 'complaints' that you have read. Perhaps on the withdrawal fees and the delay on the system of the platform itself, but not necessarily on things that you have mentioned.

^ The bolded part above is the right answer, just because of the KYC/AML compliance, and asking more KYC upon withdrawal is probably the main reason. They are following the government's rules and we know the government has been combating money laundering since the start and until now. The reason could be about KYC since the gambling platform casino has a license.
However, there are some gambling casino that has a quick withdrawal, maybe because the amount is not just big.

[magneto]

Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.

ANY IDEA?

There are two reasons:

- AML etc. only kicks in as due process if you are looking to withdraw; if you just lost all your money to the casino obviously you don't have a prospect of laundering money per se.
- The casino is greedy and wants to attract as client base as possible, and the way they can most effectively do that would be to allow deposits to come in without KYC but restrict all non-KYC withdrawals.

Truth is probably somewhere in between.

[Lanatsa]

Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.

ANY IDEA?

This is only applicable into those casinos which are shady and not known because generalizing something like this on each casinos existing wouldn't be valid because we know that
there are popular ones which doesn't really have any issues about withdrawal that's why its just sensible that you would really be looking after
with these gambling sites.

Don't stick out into unpopular ones because these problems do only exist into those sites which does have low in popularity.So its just common
sense that you would go for the best and not the shittiest ones.

[mirakal]

Some gambling sites used KYC issues to scam gamblers. I have been playing with my favorite gambling sites and their withdrawal processing time are almost instant. It really depends on the site's reputation, some are good while some are bad.

[timerland]

Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.

ANY IDEA?

Mostly because of malicious reasons, to be honest.

It makes no sense for a casino to not conduct KYC procedures when you sign up and all of a sudden force it upon you when it comes to time to get your money back.

That is a predatory tactic, and I think that everyone needs to recognize that. It's just an excuse used to hold your funds for much longer than what is necessary for cash flow reasons.

[dunfida]

Hello everyone, I have not played cryptocurrency casino but, have played slot casino games for quite a long time. However, I scroll through a couple of complaints from players time to time and the one that got my interest is the delayed withdrawal issues. Why is it that when a player wins and wants to withdraw their winning the casino will begin to ask for info like source of funds, KYC etc. But they careless about asking for those information when the player is losing money in the platform.

ANY IDEA?

Mostly because of malicious reasons, to be honest.

It makes no sense for a casino to not conduct KYC procedures when you sign up and all of a sudden force it upon you when it comes to time to get your money back.

That is a predatory tactic, and I think that everyone needs to recognize that. It's just an excuse used to hold your funds for much longer than what is necessary for cash flow reasons.

When a gambling site specially new having this kind of behavior then it wouldnt last because once the community or public do knows on what they've been doing then its the ending
of their reputation and this site will slowly die which is a very common scenario to happen not like on dealing with gambling sites which does have name and reputation
on where you could really confidently trust them with your funds on where you could pull it off without any problems or strings attached.