Crypto casinos have changed the game, making online gambling more accessible and safer than ever before. With heightened security through the blockchain system and an increased game count with boosted bonuses, crypto casinos have managed to increase your chances of a win, adding to the exclusivity of the entertainment platform.
With funds being transferred online, the first concern of online gambling is always safety, and that’s why the gambling body has implemented security measures like KYC and AML procedure, along with other regulations like the Gambling Act.
Between 2016 and 2024, the industry has been predicted to show massive growth, and with what we have seen so far, the progress is definitely on track!
Cryptocurrency appeals to many because it emphasizes digitalization and globalization. It also allows for heightened security while providing anonymity and reliability. With technology constantly improving and advancing, it’s no surprise that smartphones act as an access point to providing users with options and varieties to enhance their online gambling experience.
With everything pointing towards getting started at a crypto casino, the security features offered are the last thing to look at. At all trusted and secure crypto casinos, players can expect a KYC process to take place. Continue reading to find out answers to questions like what is KYC and what is required to complete it.
What Is KYC?
KYC is a procedure followed by crypto casinos and many other online businesses to verify users/customers’ identities and confirm the necessary financial information needed for the service.
Know Your Customer (KYC) is used to assess risk and prevent unwanted activity like scammers, fake accounts, and money laundering. At crypto casinos, KYC prevents other things as well, like underaged gambling and double accounts.
The KYC process helps the industry stay above bored by keeping the interests of both the players and the casino safeguarded.
Does Roobet Ask For KYC?
When playing at casinos like Roobet, there is no need to worry about security or safety. With a dedicated team working hard to keep things secure. This crypto casino is an ideal example of how Bitcoin casinos should perform.
Roobet casino is not only secure, asking for KYC, but Roobet operates under the laws of Curacoa and supports the implementation of an anti-money laundering procedure known as AML.
Putting the players first, Roobet has taken the time to tick all the boxes, resulting in a top-class online gambling experience for all that sign up and get playing!
What Does KYC Require?
Getting signed up to a crypto casino, especially when registering at Roobet. Joining the team is simple and can be completed in just a few steps. With a KYC process in action, players will need to provide documents to ensure security.
KYC or ‘know your customer’ is not a complicated procedure, and with the help of Roobet, the efforts appear even easier. When completing KYC, the documents/information needed is required to prove details and can include, but not limited to:
- Age
- Identity
- Address
- Source of funds
- Ownership of payment methods and accounts use
The reason many casinos implement KYC is to ensure the practices of the casino are secure. For casinos like Roobet, which is fully legal and regulated, it is required to verify players’ identification to proceed. The practice protects all involved.
To give you a better understanding of the necessity of the process, here are some quick facts as to why KYC is needed at crypto casinos:
- Comply with the updated global regulations.
- Provide a trustworthy, user-friendly platform
- Maintaining customer records
There are many benefits to the KYC process, and it provides a good indication as to which crypto casinos should be trusted.
Why Is KYC Necessary At Crypto Casinos?
KYC and AML are all recent creations that implement due diligence amongst both the crypto casinos and the players. KYC is a needed process that improves the overall experience of online gambling sites, making it more appealing to gamblers.
With laws differing from country to country, procedures like KYC keep things straight and narrow. One of the most significant issues amongst online casinos is players accessing the site from jurisdictions that are banned. With KYC in place, there is less likely that this can take place.
Put Yourself Ahead Of The Game With Roobet
There are many reasons to gamble online, and with so many different casinos, it’s hard to know where the best place to win big. To help you make a move needed to win, we would recommend Roobet.
Roobet implements all the necessary proceeds to keep things fun, safe, and rewarding. Understanding KYC and why crypto casinos use it is essential to make informed decisions as to where to win. For the real deal, crypto casino experience, sign up to Roobet!
