Crypto Casino KYC Guide

Crypto casinos receive mixed reactions to their KYC requirements. On the one hand, players are pushing for the anonymous and decentralized nature of cryptocurrencies, so there is no need for KYC. On the other hand, some players view a casino with KYC as a platform they can trust. In this article, we’ll cover exactly what KYC is about and how it can benefit you as a player. 

Best Crypto Casinos for Privacy-Conscious Users

If you’re looking for a casino with a high level of privacy and anonymity, the sites below are excellent options.

What is Crypto Casino KYC? 

You’ve probably come across the term “KYC” when playing in a crypto casino or even a traditional online casino. KYC or Know Your Customer is a process that crypto casinos use to know more about their customers and verify their identity.

The process varies from casino to casino, but generally, the aim is to get to know you better and verify that you are who you say you are. When done right, KYC favors both the player and the casino. Crypto casinos get to comply with regulatory standards, and players feel safe and protected, so it’s a win-win situation. 

Tools Used for KYC at Crypto Casinos

As part of the KYC process, crypto casinos will require you to upload personal documents like your national ID, passport, driver’s licence, or utility bill. These are some of the tools crypto casinos use to verify the authenticity of the documents or your profile.

• ID and Document Scanning Tools: These verification systems automatically scan and validate a document and check whether it has been tampered with. Uploaded documents are compared to a player’s profile to see if they match.

• Biometric Verification: As technology advances, crypto casinos use biometric systems like facial recognition and fingerprint scans to confirm a player’s identity. These options are user-friendly, and players can easily complete them.

• Database Cross-Checking: Some casinos cross-reference your details with credit agencies, third-party organizations, or government databases to see if it checks out. It’s also a good tool to pick out players involved in financial crimes or included on exclusion lists.

• Liveness Detection: Crypto casinos use this tool to confirm that a real, live human is submitting the documents. The technique requires players to upload a real-time selfie or record a video, and it will check for natural human movements like blinking and head turns. Some come with additional features like AI to map your face in 3D and match it to the image on your documents.

Why is KYC Implemented? 

Any licensed crypto casino will have a KYC requirement, but there’s more to it than just playing by the rules. Having a KYC policy builds a casino’s reputation and has several other reasons, as you’ll see below.

• Regulatory Compliance: The crackdown on gambling sites intensifies each day, and some regulatory bodies require crypto casinos to have a proper KYC procedure to operate in their jurisdiction. Failure to do this, and the casino risks getting massive fines, revocation of the licence, or a permanent shutdown.

• Fraud Detection: While some players are about having fun, others have malicious intent and can use crypto casinos for money laundering or terrorism financing. By verifying players’ identities and tracking their transactions, casinos can catch up to suspicious criminal activities.

• Preventing Underage Gambling: Most, if not all, jurisdictions require players to be at least 18 years old to gamble. A KYC procedure will verify a player’s age and prohibit underage players from gambling.

• Risk Assessment: With thousands or millions of players, KYC helps crypto casinos build a profile for their customers for risk management. They can track a player’s behavior or transaction history and quickly notice inconsistencies before they escalate.

• Identity Verification: A tight KYC process ensures each player is real and verifiable. Through verification, a casino can quickly detect bots or scammers trying to access the platform illegally. 

• Casino Reputation: Lastly, having a KYC procedure shows a crypto casino complies with regulatory standards and prioritizes player safety. It demonstrates a casino’s commitment to ethical business practices, boosting its reputation.

How does it Affect You?

As a player, especially a high-roller, you might opt for a casino with no KYC because of privacy concerns. But there are several benefits to playing at a crypto casino with a KYC, so it’s not all gloomy. 

• Responsible Gambling: Sometimes, knowing someone has your back isn’t a bad idea. Thanks to KYC, a crypto casino can track your spending pattern and reach out when they notice it’s getting out of hand. 

• Fair Play: A common habit among fraudsters involves opening multiple accounts to exploit a casino’s bonus. KYC prevents this and gives all players an equal opportunity.

• Dispute Resolution: In case you encounter any issue when playing, a casino’s first response will be to confirm your identity. If your KYC checks out, you’ll have a smoother resolution process. 

• Account Recovery: It’s quite normal to forget your password or username, and clicking that “Forgot Password” option isn’t as forthcoming. So, your next step is to contact customer support. If your KYC information was verified, it will be easier for them to restore your account.

• Player Security: KYC’s whole point is to ensure registered players are real and do not use fake identities. Besides adding an extra layer of security to your gaming experience, it also reduces the risk of account hacking. 

How to Complete KYC at Crypto Casinos?

Every casino has its own KYC procedure. Some want you to do it after you sign up, while others wait until you wish to withdraw. In most cases, the process is pretty straightforward and should take 24-48 hours to complete. 

Here’s a step-by-step process of how it’s done in most crypto casinos:

1. First KYC Request

Initially, the casino will require you to provide personal details like your name, address, and banking details. Make sure that these details are accurate.

2. Upload Documents

To verify the information on your profile, the casino will need you to submit certain documents. It can be your national ID, passport, driver’s licence, or a utility bill for address confirmation. You might also be required to upload a selfie.

3. Verification Process

The casino will check your documents using the tools mentioned to validate their authenticity. Casinos with serious resources can verify them instantly, while those without can take up to 2 days.

4. Feedback

Once verified, you’ll either get a pass, meaning your documents were successful, and you can proceed to withdraw. Or you’ll get a fail and might be required to upload more documents. 

Tips to Speed Up Crypto Casino KYCs

It can be frustrating to play games, have fun, and get stuck at the KYC step, unable to withdraw your funds. To avoid such a problem, here are a few tips to clear any hurdles and give you a smooth KYC process.

• Keep it honest: Next time you want to sign up for a crypto casino, don’t rush it with a pseudonym and fake details just because the site doesn’t ask for verification at first. When cashing out, the casino will need those details to match your documents, which will be tricky. So, keep it honest, and have the correct name, country of origin, and any other information.

• Have your documents ready: Any casino with a KYC procedure will, at one point, need you to upload your documents. Make sure all documents are readily available and of high quality. They must be clear and easy to read; blurry or unclear images can delay the process.

• Respond to requests promptly: During the verification process, promptly respond to requests for additional documents or details. That way, the casino can verify your details fast, and you can proceed to withdraw.

• Give it a try first: If you are sceptical about the KYC procedure, why not try it out with a small deposit amount? Put in some money, play a few games, and try cashing out. Find out what the KYC process is and try completing it. If the process is successful, you can deposit and play with more money.

Conclusion 

It’s no secret that many players like the idea of a “no KYC casino” or “no ID casino,” as they are known. Players quickly sign up at a casino without the KYC requirement or skip the process altogether. They get right into playing with zero concerns about data leaks or a casino being privy to their personal information.

While this is true, a KYC policy has many benefits to both the casino and the player. Casinos get to comply with regulatory standards and protect themselves from facilitating criminal activities like money laundering. For players, KYC provides a level playing field for everyone and provides measures that keep them safe.