Why do Casinos ask for so much during withdrawal?

[agustina2]

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.

If the site involves is not popular, I can say that case is happening most of the time there. But if the site involved is popular and trusted, maybe there are few but overall, withdrawals are processed without a problem. I think there are no instant withdrawals now. Here in Stake, it's not instant but withdrawals are confirmed within just 10-15 minutes on average.

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.

Same response as above if the site involved is popular or not.

There are really times that KYC is needed but only for big wins. If for small figures for let's say below $10,000, I think no KYC will be triggered. It's just for assurance that everything is fair and square.

[passwordnow]

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.

I agree those that are reputable won't give you a headache and their withdrawals if not instant, almost instant. This issue of withdrawals is more with the newer casinos that won't just allow you to get into the automated process of withdrawals because they're still new and probably lack funds. But if a reputable casino delays your withdrawal and you're pissed off, you have to bear with their process or else your funds will be held by them.

[Yogee]

...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?

The answer is in their terms and conditions. Read them if you really wanted to know. Most states that they may ask your personal information if they see it necessary so that means you are free to deposit and play as long as your betting patterns doesn't look suspicious to them and you're not violating their AML policies.

[nurilham]

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.

First of all, what casinos do you mean? Online casinos or physical casinos?
If you mean online casinos, not all casinos platforms do the same way. Some casinos may not really care about your source of funds, but for KYC it is normal to ask by them. Even centralized crypto exchanges, also require KYC for their members. The purpose is not only to secure the funds, but the KYC is a basic thing to have by common platforms nowadays. Anyway, if you don't pass KYC, you can move to other casinos which never require KYC, if any.

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

What for? They won't send money to the losers.  

[adzino]

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?

Not all casinos are like that. And not all withdrawals are getting stuck. There are thousands of players playing in the casino, depositing and withdrawing and you only see like 1 or 2 posts about the casino blocking their withdrawal and asking for details. They usually do it when the see something suspicious about their deposits or their account. And they only ask it when withdrawing is because they can only detect that after you make the deposit. Make sure you read their terms of service before making any deposit. Always be prepared to go through KYC if it is a licensed casino.

[TimeTeller]

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.

First of all, what casinos do you mean? Online casinos or physical casinos?
If you mean online casinos, not all casinos platforms do the same way. Some casinos may not really care about your source of funds, but for KYC it is normal to ask by them. Even centralized crypto exchanges, also require KYC for their members. The purpose is not only to secure the funds, but the KYC is a basic thing to have by common platforms nowadays. Anyway, if you don't pass KYC, you can move to other casinos which never require KYC, if any.

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

What for? They won't send money to the losers.  

Maybe, if you have big winnings, why not try withdrawing smaller funds at intermittent intervals?
Because if you do really withdraw all at once, the casino may really notice your account.
Most casinos have their ToS stating that they will require verification if it deems necessary.
In this case, it is their prerogative to ask the player if for them, your account suddenly withdraw large amount.
As a player, as much as possible don't make any reason that will make the casino suspicious about your account.

[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.

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.

You'd actually be surprised.

A lot of websites have these T&Cs hidden away so that they are able to carry on their business despite many complaints against them on the KYC front.

Also, you'd be surprised just how many people are unwilling to do their research before choosing a site to play on, which is what allows these casinos to continue operating.

[Oilacris]

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.

You'd actually be surprised.

A lot of websites have these T&Cs hidden away so that they are able to carry on their business despite many complaints against them on the KYC front.

Also, you'd be surprised just how many people are unwilling to do their research before choosing a site to play on, which is what allows these casinos to continue operating.

They are covering up their hidden agenda via those alterations of terms and condition which you might actually true with this claim but players or community isnt
really that dumb that they wont really be noticing this kind of behavior which they might able to escape out from actual or real accusations but
the impressions of people around would surely stay and one day this business wouldnt really get any players for sure.

[chaser15]

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.

Some reasons are:

- Simply, just a verification
- Big wins that require KYC might be on the terms

If it's on the terms, we should not complain about it. Ignorance of the terms excuses no one. But don't worry about that since it's not that your $100 will be subject right away for KYC unless verification is necessary to do on that gambling.

[ralle14]

That's because casinos have the right to ask for the information they need and these delays usually happen when gamblers request a big withdrawal. Unfortunately, that's one of the downsides of crypto casinos since they mostly don't require KYC after registration. Then again it depends on the casino or the player since there are cases where the player gets caught breaking one of their rules by using a VPN. As long as you stick to reputable casinos you should rarely experience any delay, it only becomes inevitable when you're a high roller.

[michellee]

I do not think that happens to all casinos because as long as you do not reach your maximum withdrawal limit, you can withdraw your money instantly and see the confirmation on the network. Some casinos will apply verification by doing KYC on their members, especially if they want to withdraw big money because the casinos do not want to get a problem by the authority. It is your job to find which casinos that have instant withdrawal by reading all material here to find it. Maybe the other reason will be there as that will depend on the casinos.

[Obito]

Probably one of the reasons is that they want to make sure that the money didn't come from an illegal activity, but given that it's a slot game, I don't think that it's really their business to ask for your income because they're the one who provided you with the money. Another much nefarious reason that I can think of is that they're probably trying to keep the wins inside their casino, a lot of them do this just so the money doesn't benefit anyone even if they win.

[chaser15]

They are covering up their hidden agenda via those alterations of terms and condition which you might actually true with this claim but players or community isnt
really that dumb that they wont really be noticing this kind of behavior which they might able to escape out from actual or real accusations but
the impressions of people around would surely stay and one day this business wouldnt really get any players for sure.

I think that kind of accusation mostly happens at those untrustworthy gambling sites. OP is like saying crypto casinos are having the same characteristics where in fact, he doesn't have any experience yet playing crypto-gambling.

Problems like that really happened even on big and popular sites but it's something not that big and case-sensitive. Now for OP, make research on some reputable sites here so you can expect a good gaming experience. Then later on, feedback if your question about withdrawals or KYC-related stuffs is a problem on the site you have chosen.

[Wexnident]

Well some do indeed have that issue, but it might have been part of their TOS originally, or if the withdrawal amount exceeds the set limit for free players, then they begin asking for KYC. It's compliance, afaik, for their licenses to actually be allowed to keep working. It's pretty strict on some casinos afaik, so they really tend to dish it out with players whenever it happens.

Well, casinos are sometimes at fault with their KYC rules being hidden so much, but also it can be the player's fault for not reading their withdrawal rules and whatnot. Most of the time complaints here come from not understanding or miscommunication really, most of them are resolved whenever casino representatives here start talking to the user/s involved.

[robelneo]

That is just your assumption there are hundreds of thousands of players in these casinos and if you check the complaint about withdrawals and KYC there's only a handful of them and casinos have the reason why these accounts are under this requirement, they usually detect abuse and fraud and they want to make sure that these accounts pass their rules and criteria, even if you are not winning a huge amount you can still get your account in KYC or restriction.

[Darker45]

If we are to be particularly strict with AML, it is indeed fair that casinos should already be asking for KYC, source of funds, and whatnot during the deposit. But there must be certain reasons why KYC and other requirements are mostly imposed only upon withdrawal. This is of course not imposed on every withdrawal. But certain significant amounts will definitely require not just manual review by casinos but also KYC. Perhaps this is implemented so that customers won't be discouraged and might decide not to make a deposit because of the hassles involved, or perhaps in order to trap laundered funds it may be enough that strict measures are implemented only upon withdrawal.

[bering]

It depend on the casinos TOS that usually this issue will appears for big amount of money to withdrawal but not all casinos have that policy because as some people here said there are several casinos allowed people to withdraw their big funds without kyc but to make all of it clear i think before playing at the particular casinos read their policy is necessary especially if you want to play with big money so if they have this issue you can avoid them

[bitzizzix]

What you should know is to make sure you read the terms of service carefully before starting, as not all casinos are like that and there is verification required when you withdraw an amount that exceeds the limit set by their guidelines or for some reason.
and if you feel uncomfortable with KYC when making withdrawals because large amounts can be done Periodically, whatever the reason is because it is a rule and will be a lesson because all casinos have different rules so it is very important to do research very carefully before you get involved.

[Gosgosking]

All this redrawer process could be for security  process incase someone wants to tamper with your account,  if the process is much the person can't get all information.  But the real owner can access it no matter how long the process is.

[Poker Player]

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?

The casinos will never give the version that I am going to tell you, normally they will hide behind the fact that it is for security or other reasons, but I am convinced that it is to know by statistics that it is very profitable for them. We have seen cases in the forum of people who requested a withdrawal that took a long time to be processed and ended up betting and losing all the money they had. Processing instant deposits and delay withdrawals is very profitable for them.