Many consider Bitcoin to be an anonymous cryptocurrency. They are confused by the fact that crypto casinos require verification. Nevertheless, when you look at the essence of the issue, it all starts to make sense.
Various types of casinos
So-called decentralized casinos may not demand verification. The gambling experience at such casinos, though, may be far from perfect. Decentralized technologies are just not yet sufficiently adapted for gambling. Moreover, these casinos typically do not have sufficient funds to develop their own games that would be colorful and exciting.
If you want to play well-known games by such providers as Amatic, BGaming, Evolution, NoLimit City, and Pragmatic Play, decentralized casinos are not for you. You need to consider a casino from a different category. Such casinos have all the advantages of regular casinos but they also allow you to play with cryptocurrencies. These casinos operate under a license. It means that they must comply with anti-money laundering requirements and other regulations, including player identification.
Bitcoin casino account verification
When playing in such a casino, you may not be asked for verification either, but you should never count on this. Bitcoin casinos employ the standard KYC (Know Your Customer) procedure for two purposes: to make sure that the player is the one who he claims to be and that he has reached the age of majority. That is why it is always necessary to provide valid data when opening a new account.
In most cases, you will need two documents to complete verification:
- Government-issued ID;
- Proof of residence.
As you can see, Bitcoin casinos do have an advantage in terms of verification: you do not need to confirm the deposit method. Casinos normally require verification of bank cards or payment wallets. You don’t need to confirm your cryptocurrency wallet.
When will my account be verified?
Account verification in most cases is carried out within a few hours. After uploading the required documents, you may notify the support team to speed up the process. Pay attention to the quality of the documents. If the image is blurry or does not meet other criteria, you will be asked to upload a different one. The image quality directly affects the verification time. After successful verification, you will be able to freely withdraw funds according to the casino limits.
Why does LTC Casino not require verification?
We at LTC Casino understand that no one likes to go through verification. This is especially true for players who choose cryptocurrency due to its inherent privacy benefits. However, when a casino requests proofs from its players, they can’t expect to stay anonymous.
LTC Casino has completely abandoned verification in the best interests of players who value their privacy. You do not have to provide any documents either during the game or at the withdrawal stage. Just like at other no KYC Bitcoin casinos, to open an account, you only need an email address.
LTC Casino values privacy of its players and therefore offers only crypto games. Despite the extensive selection of games at LTC Casino, you will not find certain providers that do not support cryptocurrencies. This is a conscious step, as we understand that anonymity is one of the most important aspects of cryptocurrencies.