FreeBitco.in is no longer a KYC free casino! (New terms)

[Mahdirakib]

FreeBitco.in is no longer a KYC free casino

Freebitco was known as a KYC free casino since it was created. But recently they have changed their terms. Now there are a lot of rules in the new terms of Freebitco. They have applied restricted jurisdiction rules as well. Based on this rule, a user shouldn't use FreeBitco.in if he/she is physically located in those restricted countries. Even they have added possible identity verification rules.



I believe that most of the forum members have an account on FreeBitco. Don't forget to read their new Terms. Based on the new terms of Freebitco, the website is owned and operated by "FBC BV". Perhaps, they have registered a licence under Curacao (I'm not sure about this yet).

You may follow this thread to get updates about the casinos License and KYC requirements: Information of Crypto Casinos License and KYC requirements.

Note: This topic is self-moderated in order to avoid gambling board spammers. Don't make off-topic discussions, and avoid spamming here.

[serjent05]

It is expected that eventually, any centralized casino that is registered to secure their license will implement KYC.  Since they wanted to continue servicing their players, they have to succumb to the pressure and regulations of the authority.  Since freebitco.in is among the popular crypto gambling platform, the authority probably have set their eyes on the platform and pressure them to implement KYC.

Although I believe the implementation of the KYC on FreeBitco.in is for verifying people whose service is tagged with irregularities, players who are not fond of KYC may probably look for alternatives.

[notblox1]

Freebitco was known as a KYC free casino since it was created. But recently they have changed their terms. Now there are a lot of rules in the new terms of Freebitco. They have applied restricted jurisdiction rules as well. Based on this rule, a user shouldn't use FreeBitco.in if he/she is physically located in those restricted countries. Even they have added possible identity verification rules.

Do you know any player at Freebitcoin who was asked to perform KYC verification?
It is not a bad idea to follow changes in terms of websites, they often make big changes and people are very lazy in reading everything.
If there is new ownership that can explain changes in website terms, and maybe they got pressured by regulators.

I believe that most of the forum members have an account on FreeBitco.

I think I still have account there, but I am not using it at all, so it is more like I dont have it

[o48o]

FreeBitco.in is no longer a KYC free casino

Freebitco was known as a KYC free casino since it was created. But recently they have changed their terms. Now there are a lot of rules in the new terms of Freebitco. They have applied restricted jurisdiction rules as well. Based on this rule, a user shouldn't use FreeBitco.in if he/she is physically located in those restricted countries. Even they have added possible identity verification rules.



I believe that most of the forum members have an account on FreeBitco. Don't forget to read their new Terms. Based on the new terms of Freebitco, the website is owned and operated by "FBC BV". Perhaps, they have registered a licence under Curacao (I'm not sure about this yet).

You may follow this thread to get updates about the casinos License and KYC requirements: Information of Crypto Casinos License and KYC requirements.

Note: This topic is self-moderated in order to avoid gambling board spammers. Don't make off-topic discussions, and avoid spamming here.

It was the last legit one that i know of. I always were wondering how long they managed to stay kyckless for so long. And i doubted that they even did. As to my knowledge non-kyc casinos have been illegal for a while now. The fact that they didn't handle stablecoins or fiat money probably slowed the process but from what i gathered they were obligated to kyc for a while now if they encounter suspicious activity. I just thought that they maybe didn't bother to mention it.

[Wexnident]

I'm guessing they got hit by their website hosting provider or something? Since afaik Freebitco.in doesn't have Curacao so that can't be it, and they've been able to be KYCless for so long after all. That, or they're trying to expand their site so they're building a foundation around it. Guess there won't be a KYC-less site in the long run like this one did.

I believe that most of the forum members have an account on FreeBitco.

Just to add, according to the terms they have (idk if its new, I never read them before), any account that was inactive for 12 months would be deactivated. They can email them back though to reactivate it if they ever wish to do so.

[coin-investor]

It's a surprise coming from probably the oldest faucet/casino in the industry even if my country is not on the list of restricted countries I have second thoughts about continuing here because of their new feature which is the KYC.
I understand because of their license requirement, FreeBitco.in is the most promoted faucet many users especially those on the list and those who are not comfortable with KYC will have to leave FreeBitco.in I have a friend who has a big number of referrals and he is from US soil I guess that will end his journey and his residual profit here in FreeBitco.in

[babygun]

Didn't see this coming and the question now is: how to continue when you are in of those countries? I have a nice amount at freebitco.in to benefit from the interest but located in one of the restricted countries, so what are the next steps? I hope TheQuin or Wetsuit could explain more on this topic as I don't want to loose all that money.

[wxa7115]

Didn't see this coming and the question now is: how to continue when you are in of those countries? I have a nice amount at freebitco.in to benefit from the interest but located in one of the restricted countries, so what are the next steps? I hope TheQuin or Wetsuit could explain more on this topic as I don't want to loose all that money.

Without a doubt this is a problem and it show us why when a platform is looking to make such a major change they should give their clients a period of time so they can adapt to the new set of rules and regulations and stop gambling there if needed be.

Your only option is to contact their customer support immediately and ask for the chance to make a withdrawal, otherwise if you start this process on your own without letting them know they may argue you violated their new TOS and forbid you to get access to your coins.

[NABiT]

Didn't see this coming and the question now is: how to continue when you are in of those countries? I have a nice amount at freebitco.in to benefit from the interest but located in one of the restricted countries, so what are the next steps? I hope TheQuin or Wetsuit could explain more on this topic as I don't want to loose all that money.

Likewise, quite unsettling.

[danherbias07]

Didn't see this coming and the question now is: how to continue when you are in of those countries? I have a nice amount at freebitco.in to benefit from the interest but located in one of the restricted countries, so what are the next steps? I hope TheQuin or Wetsuit could explain more on this topic as I don't want to loose all that money.

That's a big problem that must be solved as fast as possible before they could close the IP on the restricted countries. I mean, they must inform their customers who have balances in their accounts that they must withdraw as soon as possible or they could give them time to do the necessary steps and take out the money. Not everyone will be online when this is implemented, some, just like you may have been investing their money only and only monitor it weekly or monthly.
Very big change from one of the popular dice and lotto sites that I knew. I hope this doesn't affect their business as a part of their customers won't be able to use their service anymore. It's somehow sad but let us wish they could expand the number of countries that they will be accommodating.

[Cantsay]

Didn't see this coming and the question now is: how to continue when you are in of those countries? I have a nice amount at freebitco.in to benefit from the interest but located in one of the restricted countries, so what are the next steps? I hope TheQuin or Wetsuit could explain more on this topic as I don't want to loose all that money.

I guess those that falls uner that catergory and still have some funds in their account should be given the chance to withdraw their funds from their site, but the onl now is; what if the money in their account is not up to the minimum withdrawal amount? will freebitco.in make the an exception so that they can withdrawal their funds? Fortunately for me, I don't fall into this sets of people but it's would be nice to know what freebitco indeed to do about about it.

It seems like haven't fully implented it because I went to check my account if perhaps they created a verification section for user, just like how others do theirs but couldn't find one, or am I missing something here?

[Don Pedro Dinero]

Didn't see this coming <...>

Likewise, quite unsettling.

I didn't see it coming either. I have been quite pessimistic about the future of casinos and KYC, and this confirms it. It is the tallest tower I hoped would never fall.

On the other hand, I don't see the logic of why these countries and not others. My guess is that in the future the list of countries will expand, as there are more European countries where to offer gambling services you need to have a licence that freebitco.in does not have.

[noorman0]

Op's screenshot shows T&C popup available on signup procsess, can someone provide a link to T&C in logging in state? I'm an old user and my bad I never found the T&C page as far as I searched on some of the freebitco pages.

-snip-
Perhaps, they have registered a licence under Curacao (I'm not sure about this yet).

Freebitco also restricts curacao users, I think there is no way a company registered in country X will restrict users from the same base. cmiiw

[tusandii]

I didn't see it coming either. I have been quite pessimistic about the future of casinos and KYC, and this confirms it. It is the tallest tower I hoped would never fall.

-snip-

Since the beginning I have believed that in the future more and more casinos will implement KYC and of course some countries that are banned really cannot access Freebitco.in.
To be honest I prefer licensed casinos even though they have to provide KYC requirements to be able to register or play, besides KYC isn't too bad either.

[kotajikikox]

So the time of abusers are ended ? because their freespin and airdrops are being abused since then so with this  KYC verification the limit of users joining and will only active players will be seeing online from now.
though it has been expected that KYC verification will takes place in each crypto connected business yet its sad seeing one of the oldest casino is now joining those LYC asking sites that use to be not seeking in day 1 .
anyway thanks for this update OP since i have not been visiting my account in freebitco.in for years now and will check this out.

[FinneysTrueVision]

According to the Internet Archive these new terms have been implemented less than a month ago. I feared this day would eventually come. Recently they seem to have an increased focus on the licensed KYC casinos that under their ownership. Their XFUN wallet also has KYC features which I found odd since it's purpose is to support their decentralized gaming token. Any time they've promoted anything having to do with their FUN token they've emphasized the decentralized aspect but that doesn't really align with the measures they've been taking.

Op's screenshot shows T&C popup available on signup procsess, can someone provide a link to T&C in logging in state? I'm an old user and my bad I never found the T&C page as far as I searched on some of the freebitco pages.

-snip-
Perhaps, they have registered a licence under Curacao (I'm not sure about this yet).

Freebitco also restricts curacao users, I think there is no way a company registered in country X will restrict users from the same base. cmiiw

Setting up a BV, privately held company, is a requirement for acquiring a Curacao license so they are either already licensed or in the process of getting licensed. Once you are a licensee you are not allowed to accept citizens from Curacao.

[Oshosondy]

Although I believe the implementation of the KYC on FreeBitco.in is for verifying people whose service is tagged with irregularities, players who are not fond of KYC may probably look for alternatives.

There are still alternatives but they are reducing in number one by one day by day. The days of gambling without KYC verification is becoming unrealistic again. What some sites did was that they started without KYC, but they are now requiring KYC. With time you will see more gambling sites that will begin with KYC compulsorily. The whole crypto space has changed to KYC places, unlike before. I do not mind of getting verified though because gambling sites are not places I saved money, I only gamble there and my country do not ban gambling.

[TheQuin]

Setting up a BV, privately held company, is a requirement for acquiring a Curacao license so they are either already licensed or in the process of getting licensed. Once you are a licensee you are not allowed to accept citizens from Curacao.

The BV is actually in Costa Rica rather than Curacao so there's no licencing issue. We actually moved the company there a while ago and wetsuit had discussed with me the possibility of adding new ToS at the time. The only reasons we discussed were to make the site look more professional and to keep the lawyers happy about not violating any CR laws.

It isn't having any effect on how the site is run. The only issues I deal with are multi-accounting and botting abuse.

[Mahdirakib]

Do you know any player at Freebitcoin who was asked to perform KYC verification?

They have implemented the new terms in this month. Probably Freebitco team hasn't applied the identity verification rules to anyone yet. But they might do it in the near future.

I'm guessing they got hit by their website hosting provider or something? Since afaik Freebitco.in doesn't have Curacao so that can't be it, ~

Hosting provider has nothing to do with the terms of a website. Freebitco doesn't have any gambling license, but now it seems like they have got one. I have mentioned it in the main post too. FYI, all the terms have been added recently in Freebitco. The inactive account related term is new too.

Didn't see this coming and the question now is: how to continue when you are in of those countries? ~

Well, this is going to be a serious issue for the implementation of the new terms. TheQuin has already given a reply above.

~snip~ or am I missing something here?

Based on the terms, the will use a "third-party information provider" service for the identity verification process.

~ can someone provide a link to T&C in logging in state?
Freebitco also restricts curacao users, ~

You can check it from any browser with which you aren't logged into Freebitco. There is no dedicated link for the terms page of the site. Curacao provides online gambling license, but online gambling is illegal in Curacao.

The BV is actually in Costa Rica rather than Curacao so there's no licencing issue.

Thanks for the reply. I thought FBC BV is under Curacao as there is a registered company with the same name on "Curaçao Commercial Register".

It isn't having any effect on how the site is run. The only issues I deal with are multi-accounting and botting abuse.

But how will the terms affect those users who already have an account in Freebitco and physically located in those restricted countries?

[crwth]

It must have been something related to regulatory frameworks, and they have probably been approached by gambling authorities or any other authorities in its operating location.

Maybe it's also their choice to have the restrictions because of possible problems they encounter.

• Fraudulent Activities
• Compliances to governing entities
• Reputation
• Responsible gambling
• Expansion of catered members

There could be a lot of reasons for them to proceed on that, but maybe it's for the best? Idk. Is anybody against it?