bitcoin casinos and anonymity

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Last post made 3 years ago by abuzmaster
SinMore
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  • Just wondered if all bitcoin friendly casinos require proof of address when cashing out bitcoin I thought the entire purpose for bitcoin was anonymity? Or is it just another way to delay withdrawls? lol And I really hate that they advertise instant withdrawls when they actually need to have it go into verification department that actually takes 2 days minimum from my experiences. Just needed to vent here because Im getting the run around from a certain casino right now but yeah... arent my points valid?

  • Yea it does 

  • Those are casinos you just shouldn't be playing at Haha If you want to PM I can recommend multiple casinos that I have nothing but good things to report about. If a Bitcoin casino can not cash you out within an hour I would not play there. Trust me! Not worth it! Your deposit is immediate and you should be cashed out in the same manner! 

    2.7/ 5

  • SinMore wrote:

    Just wondered if all bitcoin friendly casinos require proof of address when cashing out bitcoin I thought the entire purpose for bitcoin was anonymity? Or is it just another way to delay withdrawls? lol And I really hate that they advertise instant withdrawls when they actually need to have it go into verification department that actually takes 2 days minimum from my experiences. Just needed to vent here because Im getting the run around from a certain casino right now but yeah... arent my points valid?

    Yeah Bitcoin is anonymous however 99% of casinos would require verification for first withdrawal, as well as some would only request this when you reach a certain threshold of 500 or 1000 euro withdrawal in total.

    Casinos do not like to stall, but since you from the states, then I believe your casinos options are limited and you would play at casinos that take a few days to pay, even if its in BTC.

    If you were to play at any Direx N.V casinos like Bitstarz and Mbit then withdrawals will be paid in less than 5/10 minutes give or take.

    The only casinos that would give you instant withdrawal for BTC that allow US players that I know of is Casino Extreme and Brango Casino.

    Please note KYC or should I say verification is standard and you cannot get away with it as most casinos need to follow procedures according to what is set in place by the relevant regulatory body who holds their license.

    So whether you withdraw to BTC or E-Wallet or Bank transfer, verification will happen eventually.

    Hope that makes it clear.

    4.6/ 5

  • Casinos that offer an exclusively crypto gaming experience usually require no information other than a valid email and digital wallet address in order to cashout. Bitstarz is my favorite, but there are several other notable casinos out there to choose from.

    And brok3nojok3 is correct. If they can't get you your withdrawal free and instantly, then f*** em'.

  • Fedorfan bitstarz like other direx casinos now require KYC from everyone. They still let some old timers from usa still play because they make a good chunk of money from them but the second one hit a super huge win he's instantly required documents and the fun ends there.

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  • Fredo, when did the change occur? I haven't had a "super huge win" yet I don't think, but some wins have been quite substantial and I didn't have to pass any KYC requirements for the withdrawals. How much was the win you're speaking of? I just want to make sure I don't have to worry about winning when I play there from now on. It would suck to have to quit playing there.

  • since longtime bitstarz is requesting kyc even for small cashout all i know 

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