Why casinos are asking for documents for withdrawal? Protection of accounts – no matter how powerful security system a casino has, there is always a theoretical probability that a player’s account will be hacked by hackers, so the casino can ask for confirmation that it’s the real account holder initiated the withdrawal of the funds. Compared to conventional currency, cryptocurrencies have a greater degree of anonymity, however, if desired, the movement of funds can be tracked. However, we do not post paid reviews and review only the casinos that deserve to be highlighted. However, even in this case, in the world of cryptocurrency, there is a solution that is often used by crypto casino players. In addition, Monero has several times faster transactions than Bitcoin, which makes it a better option for players who prefer Bitcoin casinos with instant withdrawal. Monero is the most popular cryptocurrency in the world which supports anonymous transactions. ZCash is accepted by the same above-mentioned crypto casinos as in the case of Monero. The essence of this approach is to mix information about transactions at the program level, which allows you to hide the amount, the recipient, and the sender of the Monero transactions.
At the same time, it allows you to make transactions transparent, which can be useful for corporate accounting. This is due to the fact that all transactions are included in the blockchain system, which is transparent and, if you know the address of the user’s wallet, everyone can see where the coins were sent from or to. You can determine this by the lock icon before the site URL in the address bar of the browser. Since VPN software makes a “bridge” between the user and the source (a Bitcoin casino in our case), the data that is passed in such a way is vulnerable, which hackers can take advantage of. For most users of the Internet, online privacy is strongly associated with VPN use. It is not recommended to use a VPN for playing in a Bitcoin casino (where the KYC is required), because the security team of such sites today has the skills to track it. In this case, a casino will use KYC to keep players from bypassing the system by creating another account to continue playing. Self-exclusion – most online casinos (including Bitcoin casinos) have a self-exclusion program, which players can use in order to ensure that their game will not go out of control.
Age – gambling is allowed from the age of 18 (in some countries from 21), therefore, in order to not accidentally violate the law, the casino may want to make sure that the player’s age corresponds to the allowable one. Of course, there are simply unscrupulous sites that overcomplicate the process of withdrawal, trying to make life difficult for players to not pay the legitimate winnings, so it is important to responsibly choose the online casino, which is the main aim of our site. In conclusion, we would like to give a couple of tips from experienced players who can help avoid problems and misunderstandings with withdrawing funds from a Bitcoin casino. There may be several reasons for ID verification in online casino and they may be different for each website, but the most common ones include prevention of money laundering, protection of player funds from being stolen by hackers, abuse of an affiliate program, verification of age. If you are an ardent opponent of the idea of sending personal documents to the casino and want to play with Bitcoin as anonymously as possible, the table below provides information on verification for the best Bitcoin casinos.
Safety. Not all the services are equally safe. Indeed, it is a great tool that can hide the location of the user who has safety concerns for some reason. Thus, if the casino is claimed to be anonymous, it still can request the ID verification in extraordinary cases or when extremely high sums are involved. Money laundering – criminals do not get tired of coming up with new ways to launder money and online casinos often become their victims, so any suspicious financial activity (which may seem subjective) may lead to a verification request. Less often, a casino may ask to send a photo of the game account owner holding the passport. Now cryptocurrency casinos are rapidly replacing the “dinosaurs” of the online gambling industry, providing a number of advantages, the list of which includes the ability to play casino on bitcoins without identity verification (without KYC procedure). Verification is the process of a player’s identity confirmation by sending documents or other informational materials (in digital form) that a particular casino requests.