Can you pass stakes proof of income verfiication?

[IndependentGambler]

the poll is to check if real gamblers can pass the proof of income at stake and other casino's
here is the requirements:
https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds
winning funds from another casino is not acceptable

[1714735082]

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[1714735082]

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[Don Pedro Dinero]

I can't access the site, I get an error message, but as far as I can see it's the same requirement that the banks make. It's like WTF that they won't serve you funds won at another casino. I guess it's all AML policy. But come on, if I have to provide all the documentation to be able to bet at Stake, they're not going to see me there, with all the options there are where you can deposit, bet and that's it.

[BitDane]

I can't access the site, I get an error message, but as far as I can see it's the same requirement that the banks make. It's like WTF that they won't serve you funds won at another casino. I guess it's all AML policy. But come on, if I have to provide all the documentation to be able to bet at Stake, they're not going to see me there, with all the options there are where you can deposit, bet and that's it.

quoting what is written on the link: provided by @OP in case some have problem accessing the site

Acceptable documents for source of funds

 
Written by Marko
Updated over a week ago
Please note that the compliance team reserves the rights to request any document they might need.

You can use one of the following documents to verify your source of funds:

Salary ( You will need to send us a recent bank statement indicating receipt of your salary or original of your payslip )

Sales of shared or other investments / liquidation of investment portfolio / bonds ( You will need to send us a bank statement clearly showing receipt of funds and investment company name or interest on bonds received )

Sale of property ( You will need to send us a copy of the contract of sale and a bank statement showing the proceeds of the sale )

Inheritance ( You will need to send us a copy of the deceased's will, and a bank statement showing the received funds, along with your current balance )

Company sale ( You will need to send us a letter detailing company sale signed by a licensed solicitor or regulated accountant on letter-headed paper )

A Gift from a family member or close relative ( You will need to send us a donor's letter explaining the reason for the gift and the source of their wealth. Also, we will require certified identification documents from donor )

Winning the Lottery ( You will need to send us a receipt of winnings and documentation e.g. bank statement showing the origin of the funds initially deposited )

Divorce settlement ( You will need to send us a divorce settlement agreement and bank statement clearly showing receipt of funds )

Loan ( You will need to send us an executed copy of the loan agreement and a bank statement showing the received funds along with your current balance )

Mining ( You will need to send us a ledger of the amount of cryptocurrency mined, as well as a wallet address and transaction hash to which the mined cryptocurrency was delivered )

Your source of funds document must meet the following requirements:
Please upload an original photo or a PDF file of the documents, screenshots will not be accepted
All documents must be issued within the last 6 months and need to be in Latin international format
Shows your full name and address
Shows the name of issuing entity and date of issue
The whole sheet of paper is visible in the photo

winning funds from another casino is not acceptable

I can't find anywhere on the written requirements that funds from another casino is not accepted. I think this fall under the variation of lottery winnings where you need to send a copy of the source of fund you used in betting or wagering before you win the amount.

I believe there are variations that fall under those categories.  I believe the casino is flexible in verifying your source of fund as long as you can establish where your fund is coming from. Like for example, if you are a part of a signature campaign, it is under the salary category wherein you need to present documents that shows that your fund comes from advertising a certain casino or company.   

[Wexnident]

But come on, if I have to provide all the documentation to be able to bet at Stake, they're not going to see me there, with all the options there are where you can deposit, bet and that's it.

I don't think you need ALL, they just need to match whether the funds you deposited were properly supported by whatever document you presented and if it fits I guess you're all fine. It'd be a problem if say you deposit $100 but only sent documented proof of getting $50. I reckon most would probably put up Salary in as proof anw (I reckon Sig campaign rewards would be included there instead?), so it'd probably be pretty easy for most to provide proofs if they wanted.

[Kakmakr]

But come on, if I have to provide all the documentation to be able to bet at Stake, they're not going to see me there, with all the options there are where you can deposit, bet and that's it.

I don't think you need ALL, they just need to match whether the funds you deposited were properly supported by whatever document you presented and if it fits I guess you're all fine. It'd be a problem if say you deposit $100 but only sent documented proof of getting $50. I reckon most would probably put up Salary in as proof anw (I reckon Sig campaign rewards would be included there instead?), so it'd probably be pretty easy for most to provide proofs if they wanted.

Well, if you use your signature income for gambling, you should be covered... because every Signature campaign has some spreadsheet to show the deposits. You just have to show some proof of your ownership of the Bitcoin address where the funds are paid into (Signed Bitcoin address)

I am lucky, because I have an original Pay slip and I can provide a new pay slip for every month... even though none of my salary are going into gambling.    (It just pays for my other expenses, so that I can use my extra income for some gambling)

[bittraffic]

But come on, if I have to provide all the documentation to be able to bet at Stake, they're not going to see me there, with all the options there are where you can deposit, bet and that's it.

I don't think you need ALL, they just need to match whether the funds you deposited were properly supported by whatever document you presented and if it fits I guess you're all fine. It'd be a problem if say you deposit $100 but only sent documented proof of getting $50. I reckon most would probably put up Salary in as proof anw (I reckon Sig campaign rewards would be included there instead?), so it'd probably be pretty easy for most to provide proofs if they wanted.

Well, if you use your signature income for gambling, you should be covered... because every Signature campaign has some spreadsheet to show the deposits. You just have to show some proof of your ownership of the Bitcoin address where the funds are paid into (Signed Bitcoin address)

I am lucky, because I have an original Pay slip and I can provide a new pay slip for every month... even though none of my salary are going into gambling.    (It just pays for my other expenses, so that I can use my extra income for some gambling)

That's a relief for signature participants. Those who earn from other campaigns or some who are just trading may just have some problems with this. But like usual, they may just ask for the source of funds for those high rollers.

They're not asking just the KYC this time. Stake asking all these means other casinos will also do. Only the DEXes don't require documents.

winning funds from another casino is not acceptable

That means the casino where you won those funds will ask for the source of funds from you. Maybe Stake will consider it if you show it to them.

[target]

winning funds from another casino is not acceptable

Winning funds is not a source of income as compared to the Winning the Lottery said where there is documentation and bank statement proving you got the funds legally. This is where they really are checking possible laundering activity.

There is no escape now. If they require users who have withdrawn big amounts who had passed KYC long before the implementation of income verification, its possible they will not submit this time.

[swogerino]

I think they only ask it to the high rollers and since they are high rollers and have got nothing to hide it should be extremely easy for them to provide source and proof of funds.I play with deposited money from my own and also with signature campaign earnings in the stake website and never had any problems,the withdrawals come as fast as almost instantly.Of course I am a low ball in the sense that the max win I had was 2000 dollars and this is a ridiculous amount for casinos like stake,yet they didn't ask me any thing and made the withdraw go through,most probably because I won that with signature earnings so they new the source of the funds already.

[danherbias07]

I am not a high roller so I guess I won't be included in this one.
But I am kind of curious about those who will need to fill this up. Will there really be a problem since there must be a source of where the money is coming from?
About the deposit from the other gambling site. This is something else, I think it can be explained as to why you are transferring it to them.
One good reason that I could think of is the lack of availability of the games you like on the old platform that you are using.
Showing proof of it might help. I mean, who doesn't like new customers?

[Slow death]

Without a doubt, this has been the most annoying part I see in KYC because there are a lot of headaches, when a casino asks for proof of income, most people are unable to provide proof of income, for example: someone takes 100$ from his bank account and starts to day trade for many months, then that person takes the profit from the day trade and starts to place sports bets in the casino then, the casino asks that person to provide proof of income, how will that person provide proof of income if this person earns money day trading? this also applies to a person who takes 100$ from the bank account, buys bitcoin at the price of 100$ and does hodl and then manages to turn the 100$ into 66000$, then sells it and buys it again at 15000$, leaving many bitcoins, and then start playing at the online casino and when the online casino asks you for proof of income how will that person provide proof of income?

[Jawhead999]

someone takes 100$ from his bank account and starts to day trade for many months, then that person takes the profit from the day trade and starts to place sports bets in the casino then, the casino asks that person to provide proof of income, how will that person provide proof of income if this person earns money day trading?

There's an buy and order history recorded on your account, some exchanges also count the profit and loss in USD at that time too. But if your exchanges doesn't have it, at least they can show which date you bought the coin, which time it's, how much it's.

this also applies to a person who takes 100$ from the bank account, buys bitcoin at the price of 100$ and does hodl and then manages to turn the 100$ into 66000$, then sells it and buys it again at 15000$, leaving many bitcoins, and then start playing at the online casino and when the online casino asks you for proof of income how will that person provide proof of income?

Like I said before, you can see when you bought your coins, of course since there's a site who record Bitcoin price when it's still less than $1,000/BTC, they can know if you're genuine bought Bitcoin at the cheap price and hold it until the price skyrocketed.

[acroman08]

someone takes 100$ from his bank account and starts to day trade for many months, then that person takes the profit from the day trade and starts to place sports bets in the casino then, the casino asks that person to provide proof of income, how will that person provide proof of income if this person earns money day trading?

There's an buy and order history recorded on your account, some exchanges also count the profit and loss in USD at that time too. But if your exchanges doesn't have it, at least they can show which date you bought the coin, which time it's, how much it's.

this also applies to a person who takes 100$ from the bank account, buys bitcoin at the price of 100$ and does hodl and then manages to turn the 100$ into 66000$, then sells it and buys it again at 15000$, leaving many bitcoins, and then start playing at the online casino and when the online casino asks you for proof of income how will that person provide proof of income?

Like I said before, you can see when you bought your coins, of course since there's a site who record Bitcoin price when it's still less than $1,000/BTC, they can know if you're genuine bought Bitcoin at the cheap price and hold it until the price skyrocketed.

I think they should clarify that they'll accept this kind of income because right now it looks like mining is the only acceptable way as a "proof of income" when it comes to cryptocurrency. anyway, if stake.com is lax with their proof of income verification I think what Slow death mentioned would fall under "Sales of shared or other investments / liquidation of investment portfolio / bonds".

[Yogee]

....
I can't find anywhere on the written requirements that funds from another casino is not accepted. I think this fall under the variation of lottery winnings where you need to send a copy of the source of fund you used in betting or wagering before you win the amount.

When profits or wins from other forms of gambling is not listed then the safe assumption is that it is not accepted. The memo looks very specific and detailed. They could have written "lottery or other winnings" if they wanted some variations and that would most likely include those from other casinos. It's better to suggest the OP to confirm it directly with Stake's support.

[iv4n]

I am not a high roller so I guess I won't be included in this one.
But I am kind of curious about those who will need to fill this up. Will there really be a problem since there must be a source of where the money is coming from?
About the deposit from the other gambling site. This is something else, I think it can be explained as to why you are transferring it to them.
One good reason that I could think of is the lack of availability of the games you like on the old platform that you are using.
Showing proof of it might help. I mean, who doesn't like new customers?

Well, I am not a high roller as well, so I think I would pass this "income verification" easily. By the way, this is the first time I see this type of verification needed in any crypto casino, but I guess by some "regulations" casinos can ask some players about the source of funds.

New casinos like new customers, but if they need to follow some rules it's not up to them whether will they accept all deposits without additional verifications. I wonder what can trigger this particular verification, and what needs to happen that will make a Stake team act and ask someone to provide proof o income...

[panganib999]

the poll is to check if real gamblers can pass the proof of income at stake and other casino's
here is the requirements:
https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds
winning funds from another casino is not acceptable

I think most of us here that works at a 9-5 will pass this proof of income verification with flying colors even. But I don't see the point as to why such rules must be imposed. I mean, what does getting my proof of income have to do with me trying to enjoy a quick gamble? I get that these casinos try their hardest to ensure that hackers are kept at an arm's length, however I don't see the benefits of imposing such rules over your regulars, especially if it's a cryptocurrency casino. Some of us here claim funds directly from crypto in numerous ways, some of them barred by the parameters you have given, at best, it's just gonna stop a couple of unemployed hackers from ever-getting their hands on your funds, in its worst, it's bound to cause a casino to lose a considerable amount of their customers.

[OgNasty]

I'm not sure what Stake's income verification requirements are, but I assume that most people would be able to pass them.  They aren't there to try and scare players away.  They're there to make sure the casino can still continue operating legally.  I'm sure a couple of paycheck stubs or bank account screenshots would probably do the trick, but who knows.  Nowadays some places want multiple years of tax returns and proof of residence.  As others have stated though, this is for the big boys with a lot to gamble.  I don't think they're harassing users who bet a few dollars a week for the fun of it.

[madnessteat]

Stake only fulfills the requirements of the regulators and everyone who gambles online should be prepared to provide documents to prove the origin of the money.

In fact, all these requirements are easily circumvented. Many of us know that on some OTCs you can order any kind of certificate that is indistinguishable from the real one. So I don't judge how well this system works and who it protects.

[livingfree]

Any of those that are listed.

I think it's essential to pass on it when you've been winning big time in them or with any casino. As said, this is just another part of the process when someone is asked for KYC.

And when someone has got to this point where he's asked for the verification for the proof of income, it's likely that you've been depositing and withdrawing quite such amounts in them.

[traderethereum]

I don't know if I can do KYC on that site because if I play at any casino, I don't use a lot of money and don't try to chase victory.
If I feel I have had enough of gambling, I will stop immediately and never have the ambition to achieve a certain target.
I also don't want to attach proof of income because, it is my secret and I don't need to give it to anyone.
Hopefully I won't be asked to do KYC by any casino.

[Daltonik]

If I understand correctly, the OP meant who managed to provide documents about their income in accordance with the list. which have been verified by stake. For example, I don't have such a need since I play on stake.com only by what I get from the signature campaign.