A Max Win is the worst thing that could happen to you.

[Mrbluntzy]

If you could do KYC process before making a deposit, would you do it?

It depends if I like the casino and chose to be using it for a long time. I can't just login to a casino and pass NYC while I may end up not using the casino after sometimes. Before I perform a KYC on the casino, I will love to use and test it first, if I love the casino to continue using it, that is only when I can do the KYC. There's no need to verify KYC and abandoned the casino, it is not advisable to do such.

[Darker45]

There are casinos that implement KYC upon withdrawal. There are those that implement KYC when a huge amount is withdrawn. In the first place, this is unfair. I'd even go as far as to interpret this as a subtle attempt to lock funds which will eventually become theirs. 

If you could do KYC process before making a deposit, would you do it?

I won't, but more importantly, passing KYC before making a deposit isn't a guarantee that you won't be asked to submit further KYC documents upon withdrawal especially if it involves a huge amount. If you win and withdraw small amounts, there may not be problems at all. But if it involves a jackpot, a huge amount, it might be another story.

Nobody should be afraid of a max win. Everybody dreams and prays for it.

Keeping what's considered dirty or suspicious money may not necessarily be a crime as far as the casino is concerned. But they don't get to keep it. If they are making money out of freezing suspicious deposits, I guess that's fraud.

[Juse14]

Indeed, for some people, the KYC verification process can be quite a disturbing and annoying experience. Because you have to include the necessary documents, which of course can be quite a tiring and stressful moment because in the process it could fail, and what you have obtained or achieved in the gambling that you do, will be in vain because you cannot make a withdrawal.

Where the casino holds your money, due to your inability to provide the required KYC information, this can be a source of concern. And even though the casino does this in order to fulfill and comply with existing regulations, still, the delay or withholding of money by the casino can raise doubts about the integrity of the casino itself.

So what the OP said is true, that the KYC verification process can be quite frightening for some people.

[yahoo62278]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

I am not a fan of KYC period and have only completed KYC for 1 casino. I have always felt that sites can take KYC too far and a player can end up screwed in some way. So to answer question 1, no. If they haven't completed kyc and the casino is 1 known for asking for kyc, then they're asking to be disappointed if they hit a big win.

Question 3 is a tough 1. I don't think that the casino keeping the money would be money laundering, but could be considered theft. Then, the casinos could argue fraud on the players part and void any winnings. It's a mess to say the least and what's right or wrong is subjective.

[Crypt0Gore]

Sorry to say, hate KYC as much as you like, but you won't be hating that you win some money someday on an online casino, you won't have a choice than to pass the KYC and get your winning, but if truly you hate KYC why not leave that money you won behind? Why give up your KYC in return for money? Isn't that saying something else about you?

Honestly, it makes no sense at all, you can't gamble without passing verification, get used to it already, even all your so-loved online casinos are getting regulated, it is either you stop gambling for good or keep running about, from one non-yet regulated casino to another, good luck with that but what you seek for is now impossible.

There are many people today that will swear by God's name that they are not into illegal activities even on this forum and they don't want the government intervention, who is going to keep people under control? The government have secrets, they are not clean too but I fear humans even more, some are wicked than even the government, if they are given the freedom to do as they like they will destroy everything around them for their own selfish gains.

[topbitcoin]

Who doesn't feel happy when they get a big win in gambling? This is the thing most coveted by those who often place bets and play gambling. However, concerns arose when they were unable to make a withdrawal because their winnings had been suspended by the casino. Even though this is done to fulfill and comply with existing regulations, questions still arise regarding the integrity of the casino, whether the winnings we achieve will be paid immediately.

However, this does not apply to gambling sites that already have permits and official legal status, because long before that happens, KYC verification has already been carried out when registering on the site. So that when you get lucky in gambling, achieve a sizable win, you will no longer be confused by KYC verification issues.

And therefore it is quite important that before we gamble, make sure that the gambling site we visit has an official license and has legal status. Don't be easily influenced by gambling site advertisements or offers from gambling sites that you don't know, so that you can avoid all forms of fraud committed by irresponsible gambling sites.

[harapan]

People run away from a casino that asked KYC right after registration. What they want is no KYC and only ask KYC if they have the amount too big the casino has to require.

I think the gamblers are okay just playing minimum balance as long as they will not submit KYC. But if they win big and there is a reason to submit, they wouldn't mind sending documents.

Very well,most gamblers frown at the fact that they will need to fill a KYC documents before payments whereas their mode of winning have not been ascertained but how could a Max win be the worst thing to any gambler.
Normally every gambler is happy when attaining such wins but where they get it all worked up is when they are asked to do KYC to guarantee their payments and all that and that's where it becomes a worse nightmare for some cause they think it's a long process for them to cash out their wins.

[TravelMug]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

No, so far in my years with crypto based gambling, I haven't done any KYC for that matter.

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

It's a blessing but at the same you will have to think whether to pass KYC or not because you want to get your winnings. Not just max win though, anytime that casinos feels that they want to ask for KYC then it's going to be a issues to us.

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

I don't think that is the definition of money laundering per se, but gamblers are sure are a disadvantage if they don't want to send the mandatory documents just to be able get that big win.

[Z390]

People run away from a casino that asked KYC right after registration. What they want is no KYC and only ask KYC if they have the amount too big the casino has to require.

I think the gamblers are okay just playing minimum balance as long as they will not submit KYC. But if they win big and there is a reason to submit, they wouldn't mind sending documents.

Nah, from past experience even on this forum, too many gamblers always have problems submitting their KYC information, between 2022 and 2024 there have been so many topics created on this forum about how they can't withdraw their winnings because they are asked for KYC, something they should have dealt with behind our back and get their winnings out, they choose to bring it on here thinking they can find another way about it.
It is better to pass KYC verification before you start to gamble, I would do this with pleasure.

There is a relatively simple way out of this problem. You should not play in those casinos that are centralized organizations and pay out winnings in fiat. Nowadays, web3 casinos that pay out winnings in fiat are gradually becoming more widespread. In addition, many organizations position themselves as decentralized organizations. There are also sites that cannot be called a casino in the full sense of the word, but which do not require CUS and where the game is not against the casino, but against other users. For example, the Polymarket.io platform.
 In general, winning a large sum should bring us joy, not problems.

To me all online casinos that are regulated are qualified to be called centralized, even the lasted freebitco who will never ask you for KYC verification even if you win millions of Bitcoin have now start asking for KYC, what does this tell us? There will never be a decentralised online casino, the regulators won't let them be.

Also in terms of getting paid in online casinos, aren't you responsible for what currency you want to get paid? You are the one to click the withdrawal button yourself, isn't it? Or there are still some online casinos that only pay in Fiat currency? That sucks if true, I will never use such casino to gamble.

[Zigabel]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

Well I think asking for KYC after max win its even a sign of a casino that isn't reputable so gambling with such casino is even a risk because there's  no assurance that you are going to be able to get your funds if you eventually get to win them so I think it's always better to do your research well before using any of the casinos and if they require KYC before deposit then make sure to do you KYC first aside which if they don't be very mindful to know if they will require it sometimes I'm the guy and they reason for which they don't do immediate KYC.

Some casinos actually get involved in laundry and it's no new actually sometimes they get fined by the government when they find out and even get to close them down in some cases, as regards to your last question a straight answer will be that yes it is.

[TheUltraElite]

You try to KYC the players right on signing up and they will never come back. The signup process needs to be quick and as easy as possible, which is why theses casinos have so simple methods to make a new account because they want more and more people to start playing and then they will start getting them addicted to the games.

Of course you can KYC yourself anytime in the casino that you feel comfortable, but since most of gambling is an impulse based decision, these planned things dont work in the brain of the gambler.

Still the casino has to run a business so they KYC policy is their own to keep. Players have to agree to it before signing up.

[seoincorporation]

Question 3 is a tough 1. I don't think that the casino keeping the money would be money laundering, but could be considered theft. Then, the casinos could argue fraud on the players part and void any winnings. It's a mess to say the least and what's right or wrong is subjective.

I don't think that is the definition of money laundering per se, but gamblers are sure are a disadvantage if they don't want to send the mandatory documents just to be able get that big win.

You are right guys, maybe money laundering is not the right term, it's more like theft. And there is nothing the users can do because the casino is the one who decide the rules and the user must be agree to those rules.

Very well,most gamblers frown at the fact that they will need to fill a KYC documents before payments whereas their mode of winning have not been ascertained but how could a Max win be the worst thing to any gambler.
Normally every gambler is happy when attaining such wins but where they get it all worked up is when they are asked to do KYC to guarantee their payments and all that and that's where it becomes a worse nightmare for some cause they think it's a long process for them to cash out their wins.

Imagine you win $100k, then you have to do a hell of a KYC, it could be a week's process, and after that, the casino has a limit of $10k withdrawal/month, which would take more than a year to withdraw. We have seen some examples of this in the past. For sure the users lose part of that money before being able to withdraw all.

[Hispo]

You try to KYC the players right on signing up and they will never come back. The signup process needs to be quick and as easy as possible, which is why theses casinos have so simple methods to make a new account because they want more and more people to start playing and then they will start getting them addicted to the games..

✂️

Besides of being advantageous to the casino because of the reasons you just mention, it also makes sense to gamblers not to immediately send their personal documents to get casino to check and store in their data base, by the way. Just think about an hypothetical scenario where all casinos and betting books in this ecosystem and based in important countries for this industry, like Curaçao, United States and England, decided to ask for those documents as soon as people decide to sign up to the platform. That would inevitably imply many people will have their online footprint exponentially increased for the sake of trying new casinos, which in many ocassions could be in disappointment for them as gamblers.
We all have had a story on how we encountered some small or new casino on the internet on which we felt like depositing ans try, we skipped the KYC process in the beginning and played a bit, just to find out it was a very lackluster experience to us.
If laws and casino policy were different, dozens of casinos out there would have our information, only for us to frequently use two or three of them.

[khiholangkang]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

Of course I will not do KYC first because at a certain level of bet or deposit/withdrawal one can still do gambling without having KYC.

The simplest answer is when I get a big win or maxwin then I will certainly do my KYC, if indeed the big win is more than I imagined but if the maxwin is a small amount I will definitely have a lot of thoughts not to do it, because in fact the bet affects how much to get maxwin.

I don't think it's money laundering, or I haven't understood what the elements of money laundering are in that case, the money that the user wins from the casino then the user doesn't withdraw it, and just keeps it in his account, there is no indication of laundering in my eyes.

[GigaBit]

If I am interested in playing at a casino, the first thing I try to get a general idea of the casino site. If KYC is made mandatory there then I must make the deposit after doing KYC there because if any reason my KYC is not approved then I will lose the deposited money.

KYC is an important factor for a gambler to win. But not important than gambling. If one thinks of winning his max for KYC in gambling then it is wrong. If he has such thoughts then he will think about that platform first.

According to the casino's terms and conditions, they have the power to freeze a customer's money at any time if they find any suspicious behavior. And money laundering is illegal if any organization keeps the money. I don't know whether they give the money to the government or take the money themselves.

[Sunderland]

If I am interested in playing at a casino, the first thing I try to get a general idea of the casino site. If KYC is made mandatory there then I must make the deposit after doing KYC there because if any reason my KYC is not approved then I will lose the deposited money.

Casinos has the right to request their users to do the KYC again at any time when they require more information from their players.
So there is no need to bother looking for a casino that is willing to do KYC at the beginning, because after done with the KYC it doesnt mean your account has been whitelisted.

There are still many casinos that have a good reputation and do not require KYC for withdrawals of less than $2000.

[uneng]

If you could do KYC process before making a deposit, would you do it?

Probably I would try finding an alternative online casino where I could play without going into KYC process first. In negative case, I would have to give my personal informations to the casino in order to play.

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

If the house is legit, I don't think they should be afraid of anything. They just have to make sure they have all the data available if the casino asks for it at anytime. I would be a bad idea to start gambling at a casino without your ID in your hands. Even if they don't require it, you should have all your personal informations ready to show, anyway.

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

I don't know if ti's money laundering, but there are two possible answers: it's the gambler's fault for not having how to provide requested data, or it's a scam perpetrated by the casino due to making excessively complex or impossible requests which can't be met by the gambler. It's expected a casino is going to demand KYC anytime, but it should be a normal and simple process for every gamblers, without any extra difficulties just because a gambler has hit jackpot winnings.

[Hatchy]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

Well, if we are to consider so many things a lot of gamblers might have to stick to non kyc casino because the ways kyc are being forced on so many people, it's making the whole process tired some.  I think the whole kyc process should be taken upon registration. It will help reduce the idea of have ones win help back by the casino.

I feel the casino makes the whole process more difficult for users when then win huge amount. It might not seem exactly like it though. But some players would find out at this point that their country of residence is prohibited from playing on such casino. This I think is more reason why the kyc process should come before a player begib to use their service.

[Fortify]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

There are definitely some psychological and maybe even AI driven algorithms that are engineered by gambling companies in order to make new players think that they have a chance at winning much bigger amounts. It would make sense to dangle the idea that wins come more frequently in the first few days or week after a player account is created. Most players never have any real intention of withdrawing funds back from the site (unless they win huge, at least this is the lie they tell themselves) and will often run down their wallet amount until it's effectively zero. Everyone should expect KYC these days, as most of the largest casinos are ultimately headquartered in places like Europe where the regulators are already forcing them down this path.

[hedgeh0g]

I would definitely do a CIC before playing at a certain casino because I am afraid that if I win the casino will start resisting for a huge payout and may not do it. Of course, if we are talking about big bets, but I prefer to place not very large bets and not very often, but only on big events. I can go through the CIC procedure, for example, before a big event in order to continue placing bets there. If you don’t go through this and win big money, then it really can turn not into joy, but into a nightmare if the player fails to go through this procedure and he begins to hate this casino and write about it everywhere. Of course, I would like there to be fewer such situations in real situations.