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

[seoincorporation]

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?

[Julien_Olynpic]

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.

[bittraffic]

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.

[BABY SHOES]

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

As it is not, because I realize that it is impossible to reach maxwin if only a small deposit is not in a large amount, it will be very far to get the Maxwin Jackpot.

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?

The user should not be afraid of what the casino asks about KYC as long as he gets his right as a max win, and the win is legitimate no accusations that the casino accuses the user of other reasons.

But right in the KYC casino there are various levels if I'm not mistaken up to Level 1 and 3 or up to Level 5, well that's the KYC process that I don't know, does it provide documents, passports, bills and video verification? Because surely the casino will ask you to do a high level of KYC verification.

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?

Maybe we can assume that, but the casino has a basis for holding our winning money, it can't even be called money laundering if the casino holds it.

[Oasisman]

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?

1. Based on the amount that I am capable or willing to lose in gambling, I don't think I need to accomplish a KYC verification. Not unless otherwise if the casino asked for it before you can make a deposit.

2. Depends on the casino, but as far as I am aware of, KYC process during a max win would be quite different than the normal KYC process when the casino asked you to do so before making a deposit. There might a little too personal questions they will ask, which will be annoying and bothering at the same time, especially with us who choose to gamble in crypto because we need privacy or anonymity.

3. Basically, yes, but they set that rule, so they have the authority to hold that money. If they refuse to release it even after complying all the KYC requirements, then that would a whole different story worse than just laundering.

[GreatArkansas]

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

For me as a customer, yes. It's fine as long as I am aware and confident that the data is safe for the casino itself.
Another thing is I think why some casinos don't do it at the beginning is because of User Experience or Customer Onboarding, the more easy at beginning , the more user they will get will us the platform. That's why most of casinos I experience is KYC is not at beginning.

[Apocollapse]

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

No, and most people do will do same like me. People will say "why I need to submit KYC to brand new casino without any reputation yet?"

Even the casino is big, they would still argue "I had withdraw big amount and I don't have to submit KYC, why I need to verify my account?"

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?

Nope, most gamblers are trying to hit max win, if the casino ask so many KYC process, they will do it until they get the money.

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?

Nope, because there's double standard.

If you hold "tainted coins" you're a criminal.
But if SEC, government or any centralized sites that working with government hold "tainted coins" they're not a criminal.

[Poker Player]

So far I have not done any KYC at crypto casinos, nor do I think I will.

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?

This smells bad to me, and differs from the fiat casinos I have played at in that either you have to do the KYC before betting a single cent of real money or they let you bet a small amount but then you have to pass the KYC or they block your account and you can't continue betting until you pass it.

Why the hell wouldn't you be able to pass the KYC from the beginning?

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 should not be like that, nowadays KYC is easy to pass both in casinos and financial institutions in a matter of seconds with your passport and taking selfies or videos.

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?

That way of proceeding sounds more like a covert scam to me (not letting you do the KYC from the beginning, waiting until you have a big win and taking a long time to verify it).

[bitterguy28]

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

with what is happening in the gambling market now in crypto world? and with so much issue about KYC being used to abuse the system either the player or the casino?
I think it is better to do KYC first before even dealing with the said site for less inconvenience .

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?

and the sad part is that not just the KYC but in this the gambling site will show its true color to not wanting to pay the winner with that huge 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?

this intrigue me , looking for other answer about this question as it is valid.

[ralle14]

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?

In my situation, i'll still go through without KYC and my reasoning is similar to the posts above. I've been playing with smaller bankrolls for the most part, and hitting the winning threshold for KYC is very low. In one of the casinos i've played, I remember they mentioned it being around $10k~ in one go or something close to it. Even if the casino has a lower max win that would trigger my account to go through KYC, my decision will remain the same.

I'd rather deal with the KYC situation once I have no choice because completing it in advance still has its downside, what if that max win doesn't come at all?

[Davidvictorson]

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

Yes. I am one of those people who if given the opportunity would do the KYC process before a big win. I have seen how stressful it and it threw me off balance one time when I won big and casino asked for KYC before withdrawal. It took about three days to sort it out which eventually was sorted out.

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?

Why I learned from that lesson is to always have the KYC documents handy so that you don have to experience the nightmare of it. Your valid ID, utility bill or something that's up to date etc.

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?

No it's not money laundering. The money remains in your account until you have sorted out your KYC . The only absurd the money into the system if you don't do anything or leave the account dormant for a 12 months period.
[/quote]

[pinggoki]

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?

All of this questions could've been avoided if you ask me just by doing your research first regarding the casino that you want to play to, finding out their KYC policy, if their support is responsive and helpful most of the time or all of the time, that would've been the way to go with these questions, then you wouldn't have the headache of experiencing all of this because you've done your research. I don't know what to answer about the last one though, that's something that casino owners/management will have to talk to you about. On your first question though, I'd say that I'd do it and if I did my research on their casino, it won't be a question no more, on the second question, I'd say that you shouldn't be afraid of getting that max win, long as you comply and you did good, you are on the right and if they don't hold their end of the bargain, you're probably going to get more when you sue them.

[Text]

No, I wouldn't do KYC anymore because I'm no longer comfortable doing it. There are still other casinos that don't require KYC before depositing.


If ever I win a huge amount and I know it's in their Terms & Conditions that I need to undergo KYC before playing on their platform, like when you reach the max withdrawal limit within the timeframe, I'll do it. So we should only play on reputable casinos.

For some, it's a red flag when a casino withholds winnings due to a failed KYC for suspicious reasons, and it could seem unjust. But could this be considered money laundering? It involves processing illegally obtained money through transactions to make it appear legal. Isn't it that in this case, the casino is simply retaining the money because the gambler failed to comply with the KYC requirements?

[davis196]

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?

1.A user bets 100 USD and wins 50K USD, but the casino asks for KYC and other documents, so that the gambler could prove that those 100 USD aren't laundered money and are totally legit and clean money with all taxes being paid. Sounds like a joke to me, but it's true.
Who is going to prove that the 49.9K USD won by the gambler aren't laundered money?

2.Is it money laundering, when the casino blocks the gambler's account and keeps the money? No, it's a scam.

3.I wouldn't mind doing KYC before making a deposit, but the problem for the casinos is this. When a casino demands KYC before making a deposit, this will lead to many gamblers running away and choosing other casinos, where KYC is required before the withdrawal, not before the deposit.

[bitbollo]

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

If I am using a reputable site (that has a valid license) of course yes. I don't see nothing wrong with this request.

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?

No I don't think so. But it's always the same "mantra". It's a must use only reputable gambling site to avoid any future issue.
Even the worst KYC can be followed if there is a reputable site behind. A trick that I have learned: always track the way you receive btc if you want to easily pass a KYC

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?

They are not hiding money but they are just adopting the rules of their ToS and license.
I think that real cases of money seized (by mistake) are very few... here in scam accusation I have seen just few "real" cases in many years.

[Kakmakr]

It is not money laundering when the casino keep the money, it is basically just fraudulant behaviour, masked as legitimate procedure.

A lot of these casinos are just scams, but you find that legitimate casinos does this too. They even ban players if they win too much money.

"Mickey" a high stakes gambler, won $11.5 million gambling one night in Las Vegas. Soon after that, he was banned from nearly every casino there. for making too much money.

[bettercrypto]

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?

Because it depends on the casino how stable its reputation is, like Stakes, Rollbit, Betcoin, Livecasino, and others, that will last a long time in the crypto space that we are in. Because it is similar to the above, there is no problem for me to submit KYC immediately.

Because it's really good that you submit KYC right away, at least if the opportunity comes for you to withdraw a large amount of money because you won a large amount at the casino, you won't have any problems because you have a verified account with them.

[Oshosondy]

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.

Not only fraud or winning huge amount of money would be the only time that KYC will be required from the casino or gambling site, even if you win small amount of money, they will require you to do KYC. Most casinos nowadays require KYC if you check their ToS.

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

It is available in the casinos. I will first read the casino rules about KYC, if KYC is mandatory, I do it before I will deposit.

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?

No one cares about KYC when they win huge amount of money. No one is afraid of success if the max win is huge. They will go for KYC.

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?

It is not money laundering. If the government is not involved, the casino will have the money which is a theft in my opinion.

[alani123]

I would agree that requiring KYC while not giving a user a chance to complete it in a fair manner in prior to winning anything is very unfair.
If a casino is reasonable it should ask at least some basic form of KYC earlier at the sign up process and also optionally give the user a chance to complete KYC fully before even winning any large amount.

Think about it. Most stock brokers ask for a full verification even before they allow you to deposit 1 dollar. Why can't casinos allow the same at least optionally especially if they're going to ask these documents at a later stage for large winners? For sure this would make me suspicious and hearing about such stories from a casino's players often would make me never want to deposit large amounts to play there. It's a very easy problem to fix and the fact that it keeps coming up is just sad at this point.

[swogerino]

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 never afraid of hitting the max win as I always do at least level 2 KYC so I have the limit of 10.000 to 50.000 dollars depending on the casino,nowadays most of them offer that 50.000 dollars level.So it is better to do the KYC and after you have done it the best thing that can happen to you is exactly a max win and not the worse thing,so it all depends from what perspective you look at something,yet I insist hitting the max win is the best thing that can happen to a gambler.