If you have ever played games at an online casino, the KYC feature is one of the first things you will notice, apart from the fun and variety. You know the drill; when online casinos ask you to confirm your details before you can withdraw or deposit funds.
However, not all casinos take you through this ordeal. Some sites like the ones available at Casinotopsonline.com overlook it and even offer you free spins plus bonuses upon registering.
Below we take a look at KYC and how it works online.
What is KYC?
KYC is an acronym for “Know Your Customer.” It is simply a process whereby online casinos and other related sites verify the identity of their customers. KYC involves several steps. However, operators of internet casinos simply ask customers to provide personal information about themselves.
These usually include a player’s name, bank details, e-mail, address, ID, etc. Online casinos embark on this verification process to prevent fraud and money laundering. They also use the process to ensure that the players on their sites are at least 18 or 21 years old (depending on the jurisdiction).
KYC in the UK
All online casinos that operate in the United Kingdom are mandated to have a KYC process by the UKGC. That’s why if you are based in the Uk and love to relax by playing games online, you would have come across one or two casinos with KYC. Going through a KYC process at an online casino does not prevent you from dealing with the same request at another casino.
So, playing at multiple casinos means you may pass through the KYC experience several times. Not many players enjoy this process. Some regard it as unnecessary and inconvenient. However, The good news is that not all online casinos offer KYC. (buy modafinil uk 2022 reddit) Some sites give you full access to their services without going through the process
Are Online Casinos with no KYC Legitimate?
There are several international casinos that offer you gaming entertainment online without needing to go through a KYC process. They do not own a UKGC license since they operate out of the United Kingdom. However, some may be registered with other reputable authorities like MGA or Curacao. As such, they can afford to let
Nevertheless, it is important that you do your own personal research about an online casino before playing on it. That it does not subscribe to the “KYC” rule shouldn’t be the only reason to play there. Ensure to check other factors like its online reputation, players’ experiences, customer support and many more.
The main idea behind KYC at online casinos is to make operators know who is playing on their sites. That way, they can be sure that their sites aren’t being used or won’t be used for money-related crimes in the future. This is, without a doubt, a good cause.
However, the way some casinos perform the process has made it less appealing for players. This, at times, makes players seek online casinos that won’t require them to go through this process before they deposit or withdraw. UK casinos may not have a choice because of the UKGC rule. However, there are several international licensed casinos with no KYC.