Why does some casino allow fast deposit and delay withdrawal.

[Floxynice]

Security check is actually the same as kYC verification. You're asking for credentials. They are checking  name, address, is that not same as security. A casino was never designed to make people money.

So why would they allow you withdraw it? That's why there is regulation to put them in place. Some casinos don't even have liquidity.

You see how that can be an obstacle. Some wins are too heavy for them to pay you now.

Funny, but true.

When your win is so big that the casino cannot afford to pay you, they may bring up issues with verification and other delays just to buy some time. That is not an assumption; some casinos do this.

Some casinos deliberately do this so that you will end up using the money to gamble again. So, all those delays are not necessarily technical issues; they can be deliberate acts. Yea, casinos truly want to see you lose money.

[Rashlyowl]

Why are some gambling sites still prefer to let people deposit coins before they get verified? Is it not better for the gambling site to let the gamblers that have newly registered on their site to get verified before they deposit? This has been a way some gambling sites are scamming people.

I can not use a gambling site that is using manual withdrawal.

Most gamblers dislike that approach, which is why those gambling sites do not require verification at the initial stage. Once they implement that approach, they will immediately lose potential players. However, I agree with you that such things could be a way for fraudulent sites to deceive players.

A few months ago, I used a site that had a manual withdrawal system, it was a truly bad experience. Fortunately, the withdrawal itself went smoothly, but I won’t be using that site again.

[Orpichukwu]

Funny, but true.

When your win is so big that the casino cannot afford to pay you, they may bring up issues with verification and other delays just to buy some time. That is not an assumption; some casinos do this.

But there is no need to delay payment with using excuses of verification when the casino usually can offer installments payment base on how much they have unless they don’t want to pay at all.

Some casinos deliberately do this so that you will end up using the money to gamble again. So, all those delays are not necessarily technical issues; they can be deliberate acts. Yea, casinos truly want to see you lose money.

In this part some players usually fall into that trap; they always, instead of waiting quietly to get their withdrawal approved, will continue playing, trying their luck to see if they can increase the amount which they are originally trying to withdraw.

[Cantsay]

Why are some gambling sites still prefer to let people deposit coins before they get verified? Is it not better for the gambling site to let the gamblers that have newly registered on their site to get verified before they deposit? This has been a way some gambling sites are scamming people.

I can not use a gambling site that is using manual withdrawal.

The ongoing no-KYC pandemic that is going on now. These casinos have started weaponising KYC. The thing is that they do it so well that they don't even allow you to submit your KYC verification voluntarily, if it were allowed, a lot of gamblers would complete their verification before depositing huge money, but the moment a gambler hits something good or wants to withdraw, they hit them with KYC.

I am now starting to prefer those that bring KYC upfront to those that hide it and later use it against the gambler.

[Hispo]

The casino accepts our deposit without asking if the deposit was made by the real account owner. They accept the players' bet. If all was lost, they won't get a refund or ask the real owner. But when it's time to withdraw, they will start with an excuse that it was never there in the first place, unless it's a large withdrawal and, based on their terms of service, checking if the game is not rigged and everything is fine. Anything outside the usual we can see or call it the pattern, a means to restrict players from claiming their winning. 

That is why I believe it is so important to gamble only on casinos which have much liquity and bankroll to back their operations and costs, it would not make sense some casino which does not have any money problem would start to limit withdrawals from their gamblers in such an unfair manner.

In the end, casinos are businesses and they depend on people withdrawing less money than it is deposited overall, that is why you see so many new and small casinos which may seem desperate for withholding money from people, because they are closer to bankruptcy than some big casino or bookie would be.

[yahoo62278]

One of the things that gamblers always complain about is the fact that they can deposit and it will reflect in the casino very fast however, when they place withdraw it will take a very long time for it to drop.

‎Now these are the reasons why casinos delay withdrawal.

1. ‎Security check: casinos will delay your withdrawal because they want to verify if you are the one actually withdrawing and no body hacked your casino account.

2. ‎KYC verification: after some KYC verifications have been done by you the casino takes time to go through it again.

3. ‎Blockchain confirmation: this is another reason why your withdrawal can be delayed and not actually the fault of the casino.

4. ‎Bonus wagering requirements: when you collect a bonus from a casino you may be required to pay someone an amount of money before you can withdraw, some gamblers don't know this, and that is why it's advised to read the casino wagering rules carefully before using their bonus.

5. ‎Manual approval: some casinos are not using the automatic withdrawal process, they are using the manual withdrawal process which means one of their staff has to verify and approve the withdrawal first before it gets to you.

6. ‎Liquidity problems: some casinos don't have money available to pay winners and that's why they deliberately withhold your money.

‎Signs that your withdrawal has issues

1. ‎When they are giving you senseless excuses upon excuses.

2. ‎When your withdrawal has passed the casino stated process time.

3. ‎They cancelled your withdrawal many times.

4. ‎They freeze your account immediately you won.

5. ‎When they refuse to provide transaction ID when they say they have sent you your money.

‎

Another reason may be that you are playing on a scam casino that is relying on more user deposits to come in so that they have the funds to pay pending withdraws. I don't like to wait more then an hour for a wd, so if I read a bunch of users are having to wait 24 hour+ then that casino has 0 shot of me making a deposit.

[qwertyup23]

Even if a casino has their process of verification for the release of the withdrawn amount, still, they must have a policy that withdrawals should not take at least a day to be awarded. Most casinos nowadays advertise themselves as "fast and instant withdrawals" only as a marketing ploy and a scheme to attract customers. However in reality, some of their withdrawals would take days for its confirmation thereby contradicting what they have advertised.

Why are some gambling sites still prefer to let people deposit coins before they get verified? Is it not better for the gambling site to let the gamblers that have newly registered on their site to get verified before they deposit? This has been a way some gambling sites are scamming people.

I can not use a gambling site that is using manual withdrawal.

Most gamblers dislike that approach, which is why those gambling sites do not require verification at the initial stage. Once they implement that approach, they will immediately lose potential players. However, I agree with you that such things could be a way for fraudulent sites to deceive players.

A few months ago, I used a site that had a manual withdrawal system, it was a truly bad experience. Fortunately, the withdrawal itself went smoothly, but I won’t be using that site again.

While I understand the side of the casinos that they want to comply with their processes, still, if it advertise itself as instant withdrawals then they must honor it. If at that stage they fail to comply with what they advertised, imagine the other things they can potentially lie about.

[knuckey]

All that is mentioned is a fact, and I have also experienced it several times, deposits are processed lightning fast but withdrawals require betting verification that needs to be reviewed in order to be processed, the most annoying thing is KYC, often when casinos win 10x the deposit amount, it makes it difficult to withdraw, and in the end they ask for "KYC" without a valid reason, as if they are frustrating us so that we continue playing and spend all our balance.

[Sonia_123]

Some of this Casinos delay due to some requirements not being met by the customers during registration or mix of legal requirements the casino are carefully checking details to avoid mis-conception and mistakes in payment of customers they want to be sure it is the right persons they are paying because when you use a particular method to withdraw and a different one to withdraw it triggers security flag that will need intervention manually .

At times the delay is just deliberate act by the casinos to customers so that customers due to unregulated pending phase, the customers will be so impatient that they will have no choice than to cancel the withdrawal there by gambling away tour wins.

[sunsilk]

Even if a casino has their process of verification for the release of the withdrawn amount, still, they must have a policy that withdrawals should not take at least a day to be awarded. Most casinos nowadays advertise themselves as "fast and instant withdrawals" only as a marketing ploy and a scheme to attract customers. However in reality, some of their withdrawals would take days for its confirmation thereby contradicting what they have advertised.

If it takes a day for withdrawal to be granted and processed, I believe that yahoo is right about that.

They don't have the actual reserve to pay for the pending withdrawals that are requested by the users and are only waiting for the deposits to come.

I guess that it is also an important factor for someone who's looking for a casino to check if they have enough funds or proof of reserve to cover users withdrawal requests although that's something they won't disclose.

But there can be ways, one is by checking their public wallet address.

[DYING_S0UL]

Another reason may be that you are playing on a scam casino that is relying on more user deposits to come in so that they have the funds to pay pending withdraws. I don't like to wait more then an hour for a wd, so if I read a bunch of users are having to wait 24 hour+ then that casino has 0 shot of me making a deposit.

24 hours is very little time! Imagine you had to wait 7 days and more (because their so called miracle security system flagged your funds for fuaud or AML risk). Yeah I'm talking about this one (https://bitcointalk.org/index.php?topic=5597715.msg67272468#msg67272468). Apprantly, they have a policy that makes it possible to delay withdrawal up to 7 days and more.

Wow what a deal breaker! I wonder who even plays in such platform, and if anyone does, I'm pretty sure they don't read the T&C at all.

[Anayochukwu]

The reasons why casinos delay withdrawal is actually valid because they have to also make sure they secure your money in their possession and maintain a good reputation, and if you think about it you will see that every platform that has customers money does the same thing like the bank also does that too. Depositing money is usually very easy but taking money out is difficult and I don't think it's a deliberate act, however, there are some casinos that takes a few days to verify your withdrawal which i don't agree with.

[yahoo62278]

Another reason may be that you are playing on a scam casino that is relying on more user deposits to come in so that they have the funds to pay pending withdraws. I don't like to wait more then an hour for a wd, so if I read a bunch of users are having to wait 24 hour+ then that casino has 0 shot of me making a deposit.

24 hours is very little time! Imagine you had to wait 7 days and more (because their so called miracle security system flagged your funds for fuaud or AML risk). Yeah I'm talking about this one (https://bitcointalk.org/index.php?topic=5597715.msg67272468#msg67272468). Apprantly, they have a policy that makes it possible to delay withdrawal up to 7 days and more.

Wow what a deal breaker! I wonder who even plays in such platform, and if anyone does, I'm pretty sure they don't read the T&C at all.

7 days is outrageous for me. I don't think platforms make you wait that long, they just say that long but could be sooner? I know I play on a site called fortunebox and they have a wd could take up to 24 hours but usually it's nowhere near that.

If a person doesn't mind waiting and has read a sites Tos and agrees the wait is fine, then it's fine. I am not saying every site with a wait time is a scam, just gave a scenario.

[Emeraldo]

Why are some gambling sites still prefer to let people deposit coins before they get verified? Is it not better for the gambling site to let the gamblers that have newly registered on their site to get verified before they deposit? This has been a way some gambling sites are scamming people.

I can not use a gambling site that is using manual withdrawal.

The ongoing no-KYC pandemic that is going on now. These casinos have started weaponising KYC. The thing is that they do it so well that they don't even allow you to submit your KYC verification voluntarily, if it were allowed, a lot of gamblers would complete their verification before depositing huge money, but the moment a gambler hits something good or wants to withdraw, they hit them with KYC.

I am now starting to prefer those that bring KYC upfront to those that hide it and later use it against the gambler.

The only way to prevent this is to ask questions especially from players that have used similar casinos before and they must have expressed their views. Waponizing KYC verification before withdrawal does not started today and this is the tools many casinos are using to limit their players from conveniently withdrawing their funds. This kind of practice is mostly done by casinos that don't want their players to make money from them. They can become paranoid seeing frequent withdrawals from players.

[moneystery]

We can't expect that the casino processes withdrawals instantly. After all, they need to carry out some procedures before processing the withdrawal.
The problem is when a casino doesn't give any explanation to players about their withdrawals, then comes up with ridiculous reasons to cancel their withdrawal, and then restricts their account citing KYC reasons. If it’s purely the player’s mistake, that’s fine, but if there’s a casino that deliberately looks for player mistakes and makes the withdrawal process more complicated, that’s an issue.
Casinos like this need to be avoided because all they know is how to make a profit, but when a user wins big and wants to withdraw, they actually make it more difficult.

[348Judah]

Casino rules are different from each other, and this is why, before we start gambling, we must first understand what is in it for us in their ToS. This is the major thing that determines whether we are going to stay or continue using a particular gambling casino or not, because many things are not given as much attention as expected; we end up going in the opposite direction from what the casino requested of us.

[Churchillvv]

Everything on the list is just what they came up with as something that could be the reason for delay but I personally disagree with most of them. I just have the believe that they most of the time do it intentionally to some people especially those using a specific blacklisted or stereotyped IP addresses and perhaps one of the excuses just fit when questions are asked. If you can accept a payment without asking for source of income why will you ask when someone wins huge? And then it results to delay? It’s doesn’t just justify most of the delay.

[henmark]

1. ‎Security check: casinos will delay your withdrawal because they want to verify if you are the one actually withdrawing and no body hacked your casino account.

I've never seen a casino delay a withdrawal for security checks or to confirm whether it is the same person making the withdrawal or the account got compromised, because if your account gets compromised and the hacker or exploiter can initiate a withdrawal, then it will most probably go through without the casino stopping it unless it is reported on time.

4. ‎Bonus wagering requirements: when you collect a bonus from a casino you may be required to pay someone an amount of money before you can withdraw, some gamblers don't know this, and that is why it's advised to read the casino wagering rules carefully before using their bonus.

Pay someone an amount of money before you can withdraw? What do you mean by that? The term about wagering requirements is that you have to complete the wagering requirement first and then you can request a withdrawal, and when the requirements are not fulfilled, you can't initiate a withdrawal in the first place because the casino wouldn't allow it.

6. ‎Liquidity problems: some casinos don't have money available to pay winners and that's why they deliberately withhold your money.

This can only happen if it's a new casino and the amount being withdrawal is significantly high, otherwise, almost all the casinos will have enough funds to cover withdrawals, and also, I think casinos usually limit the winnings based on their bankroll, which means you can't win an amount higher than what they can pay unless you are playing a slot game and in that case, it's the game provider that will settle the payment, not the casino.

[lovesmayfamilis]

In many In many casinos, getting in is easy, but getting out is not so simple. A few years ago, scammers had a trick: when they just received a casino bonus, they immediately withdrew it. There were many guides on the internet on how to "cheat" casinos using different IP addresses and different browser fingerprints. But, fortunately, this stopped quickly, and the casinos began demanding wagering and some of the player's own amount to stop cheating, and, naturally, the checks became thorough. Now the casino's anti-fraud systems work like those of bank applications, which are difficult to circumvent, but still the withdrawal of winnings requires human verification.

[Outhue]

This is a major problem with almost every online casinos, deposit time is always faster than withdrawal time and you have to accept this or away from gambling completely, I can say that I have gotten used to late withdrawal process but some are better than others, online casinos put the blame on proper processing, like they need to check if the gambler truly won the game rightfully with no cheating and other normal things to check, which only makes sense if it's going to take them few minutes unlike some online casinos that takes hours after hours before they process withdrawal, this is scary enough to turn gamblers away from such casinos, if you want to lose gamblers interest faster just delay their withdrawals.