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Author Topic: Stake requires its users to verify their accounts to Level 2-deadline 01.01.2025  (Read 511 times)
Ziskinberg (OP)
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November 17, 2024, 04:18:42 AM
Merited by Igebotz (2)
 #1

I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified. But with this new directive, all accounts must comply with Level 2 verification. Just an FYI for everyone!

Check this website https://casino.online/news/complete-stake-com-kyc-level-2-by-january-2025-to-access-bigger-bonuses/
Quote
From 1st January 2025, customers must complete Level 2 verification to continue using their Stake.com accounts. This involves submitting identification documents, which protect players from fraud, ensuring that all account transactions are secure and compliant with regulatory standards. Importantly, this change guarantees that funds and withdrawals remain available, and no funds will be withheld during the process.

Additionally, completing KYC allows users to claim new bonuses, including VIP-level promotions tailored to their playing history. Verified users will receive exclusive offers and benefits, making this change even more rewarding.

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.

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November 17, 2024, 04:38:30 AM
 #2

Bye bye people who always say Stake is no KYC casino because they've gambled for few years and didn't get asked to verify their accounts.

Regulation is unavoidable especially after Trump elected to be The US president and Bitcoin price rose to $93K, 2025 might be a new year where cryptocurrency and the projects are getting tighter regulation.

But, it's good to see Stake give an official announcement rather than enforce KYC rules silently.

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November 17, 2024, 04:45:25 AM
 #3

Have you just received an email notification from Stake regarding KYC requirements? If I'm not mistaken, last month some users seemed to have discussed KYC in the Stake thread. You should still be able to see it. Some even got a KYC bonus from Stake, perhaps as compensation for users who have been loyal to Stake even though they didn't do KYC.
Stake's level 2 KYC verification is not difficult. But there may be users who feel uncomfortable doing KYC.

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November 17, 2024, 05:44:03 AM
 #4


Stake's level 2 KYC verification is not difficult. But there may be users who feel uncomfortable doing KYC.

Yes, you only need a driver's license or a national ID, as basic information and verification. If you fail to do KYC before the date, your account will be set to withdraw-only mode, so if you're part of the Stake.com campaign, you can opt not to.
Even if you occasionally bet, then you have to undergo verification, I'm sure some users will let Stake.com go and go for no KYC casino; as stated, there are many benefits from doing KYC Let's see now if the user numbers will go down.

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Update to Level 2 verification by December 31st 2024 to prevent your account from being set to withdraw only mode.


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November 17, 2024, 06:35:02 AM
 #5

It seems this could be a very big deal to those people who really conservative with the use of their personal information, we know people don't like it because they want to become private but this level 2 requires an ID now for verification. If you are an active gambler and their platform is one of your options I guess you will comply but if not there's a lot of casino out there to play with.

Quote
Update to Level 2 verification by December 31st 2024 to prevent your account from being set to withdraw only mode.


For those frequently withdrawing their funds its good to them but if you are an active player too still need to comply then.

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November 17, 2024, 06:47:52 AM
 #6

Yeah, I did my KYC about a month ago or two. I did receive a good bonus amount though after doing it which I think is a good idea by Stake.com to push their gamblers and comply with KYC requirements. Not all gambling platforms could give such a good offer because others will just force their gamblers to comply or else their accounts will be frozen.
I am not against KYC because both parties will benefit from it although I know some are against it to keep their privacy. Security-wise it's good for us and then the business will have no problem with the government on where their establishment is placed. Anti-money laundering law is getting stricter now because of so many scam incidents that are happening all over the internet.

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November 17, 2024, 06:48:21 AM
 #7


Even if you occasionally bet, then you have to undergo verification, I'm sure some users will let Stake.com go and go for no KYC casino; as stated, there are many benefits from doing KYC Let's see now if the user numbers will go down.


Though we don't know why they suddenly decided to make it a compulsory for their players.. most users may not want to comply and in turn move to other non kyc compulsory casinos or those that might still let their users remain in the level 1 and keep playing... For me I won't bother using such casino any more as I'm not a fan of the kyc. Most of the casino I've played here on the forum, I've never gone through the kyc process as I dont think I will give out such valuable information online just because i want to gamble.. stake has a lot of players though, some won't mind at all.

R


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November 17, 2024, 07:12:54 AM
 #8

I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified.

The same for me but I have decided regrettably  to leave Stake as I kinda don't like to disseminate my personal data over casinos databases which may be not breach-proof. Luckily I  withdrew all my fund Stake so it will be now problem for me to leave. Non-KYC casinos are still  in existence I have already signed to a few of them so I will be able to proceed with my online gambleng though I gamble more than often at land based spots.

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November 17, 2024, 07:14:06 AM
 #9

If you fail to do KYC before the date, your account will be set to withdraw-only mode, so if you're part of the Stake.com campaign, you can opt not to.
Even if you occasionally bet, then you have to undergo verification, I'm sure some users will let Stake.com go and go for no KYC casino; as stated, there are many benefits from doing KYC Let's see now if the user numbers will go down.

Is this confirmed by Stake? I must admit I’m a little bit bummed out by this news but completely understand and support it. I’m not sure what I will do yet, but I won’t rush any decision, so I’m sure I’ll end up having to stop the gambling for a while. Regulation is a pain but is needed for more widespread adoption.

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November 17, 2024, 07:19:09 AM
Merited by Igebotz (2)
 #10

Is this confirmed by Stake?
Yes, if it’s on their website, it’s a legitimate source. Here’s the most specific information I found about the Level 2 mandatory verification:

Quote
2. What happens if I miss the 3-month deadline for verification?
If you don’t complete Level 2 verification by 31st December 2024, your account will switch to withdraw only mode. This means you won't be able to deposit or place bets but can still withdraw your funds and claim bonuses. However, as soon as you complete Level 2 verification, you’ll be able to deposit and place bets again.

Full information regarding that can be read here https://help.stake.com/en/articles/10056332-level-2-verification-common-questions

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November 17, 2024, 07:26:15 AM
 #11

I just heard about it a few days ago and I actually did KYC from the beginning. So I didn't get any notification.
From what I've seen some people agree with the rules and some people disagree or even leave Stake. But sooner or later I think all the bigger crypto casinos will do the same.
Casinos that have big traffic and have a large number of active players will definitely be stricter to guard against crimes like money laundering etc.
So this new rule I think has a better purpose in the future. And I also heard that after doing the KYC, Stake gives rewards to active users.

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November 17, 2024, 07:26:42 AM
 #12

I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified. But with this new directive, all accounts must comply with Level 2 verification. Just an FYI for everyone!

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.
Even I have done this level 2 verification before this official announcement. So I did not receive a message via email about the bonus offered because I have done it before. However, if referring to the article that states that verified users will receive an offer, I had time to contact via support but if I'm not mistaken only selected people received the offer. I need to check the chat history again.

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November 17, 2024, 07:34:33 AM
 #13

If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.

 
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November 17, 2024, 07:51:40 AM
 #14

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.
I think this messages only apply to those who hasn't done or pass through any form of verification from stake.com. like I know I have pass some verification it should be that I am in level 2, about to process level 3 but then this isn't an issues for now because I haven't won a huge amount that would propelled me having that to pass the level 3&4.
So, this mail are for those who just pass mail verification without even passing any other form of verification, and mind you stake.com is not a non kyc gambling site and stake wouldn't allow permits people to gamble without them passing at least level 1 kyc since their rules has changed.

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November 17, 2024, 07:56:42 AM
 #15

Though we don't know why they suddenly decided to make it a compulsory for their players..
Ziskinberg must be an old user. If it is a new user, he will not be able to see deposit address until he complete KYC. But I think Stake did not make KYC mandatory for old users is the reason some people are getting the notification now. Probably Stake has seen high numbers of new users getting verified and decided to make the old users get verified also. Also this could be as a result of regulation. Stake has been known very well in the world as being non-KYC gambling site, this could be bothering Stake in relation to regulations.

If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.
What strict policy again aside the KYC?

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November 17, 2024, 08:09:56 AM
 #16

~
Unfortunate for those who enjoyed the no KYC lol. Granted this was already something that's always going to happen to casinos, especially big ones like stake. It was only a matter of time really. Definitely going to make Stake lose some users but I don't think it's going to matter that much with how big they are already. Unless a big competitor appears with KYC as optional again. But as I've iterated before, it's only going to be a matter of time before they're also forced to do KYC.

Not that it affected me though, I've done mine the moment I registered anyway Tongue.
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November 17, 2024, 10:05:38 AM
 #17

Though we don't know why they suddenly decided to make it a compulsory for their players..
Ziskinberg must be an old user. If it is a new user, he will not be able to see deposit address until he complete KYC. But I think Stake did not make KYC mandatory for old users is the reason some people are getting the notification now. Probably Stake has seen high numbers of new users getting verified and decided to make the old users get verified also. Also this could be as a result of regulation. Stake has been known very well in the world as being non-KYC gambling site, this could be bothering Stake in relation to regulations.
Yes, I confirm I’m an old user. I created my account before the announcement. I’m not sure if I got an email since I don’t check my inbox regularly, but I did notice the “update verification” and “dismiss” options at the top right corner of my account. I haven’t clicked on either yet, I’m taking some time to think it over first.

If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.
What strict policy again aside the KYC?
Maybe he was referring to the requirements for KYC verification.

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November 17, 2024, 11:06:04 AM
 #18

If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.
I think it’s because Stake is registered in the USA as stake.us, but the version we’re accessing isn’t their US site, it’s likely registered under a Curacao license, if I’m not mistaken. So, if these changes are due to regulatory pressure, it might turn into a global policy. Other casinos could start requiring KYC soon as well, which means the chances of enjoying no-KYC options with centralized casinos are getting really slim.

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November 17, 2024, 02:37:07 PM
 #19

If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.
I think it’s because Stake is registered in the USA as stake.us, but the version we’re accessing isn’t their US site, it’s likely registered under a Curacao license, if I’m not mistaken. So, if these changes are due to regulatory pressure, it might turn into a global policy. Other casinos could start requiring KYC soon as well, which means the chances of enjoying no-KYC options with centralized casinos are getting really slim.

I think all extensions are asking. I do have an account in Stake, it was the first time I received the email asking for that level 2 KYC verification. I wouldn't be submitting my data to them unless it's unavoidable.

So far there are no casinos to stay where KYC is not needed though so it's the regulations for all. Not complying I guess your access will also be cut off. There are still casino that are not looking to collect our data but it's not very well known to the community.

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November 17, 2024, 02:54:52 PM
 #20

Bye bye people who always say Stake is no KYC casino because they've gambled for few years and didn't get asked to verify their accounts.

Regulation is unavoidable especially after Trump elected to be The US president and Bitcoin price rose to $93K, 2025 might be a new year where cryptocurrency and the projects are getting tighter regulation.

But, it's good to see Stake give an official announcement rather than enforce KYC rules silently.

If anything, tighter regulations will have more to do with the government of the United States desire to tax people who is making money off Bitcoin and cryptocurrency in general and it does not necessarily will have something to do with gambling. Also, depending whom you ask, we could expect to see less regulation and taxes on crypto gains, if there is something Trump has promised and delivered in the past it had been tax cuts, it is likely he will apply tax cuts for those who trade with Bitcoin and holders who desire to close their positions during this bull market. Still, taxes on gambling will continue to be in place, regardless who the president is, though.



I have gone through level 2 verification on Stake seamlessly, It is quite straight forward and they only take one day one or two days before getting back to you to let you know you are successfully verified.

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