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Stakers Beware; Mandatory Verification required or lose account email

bitblogger

By bitblogger
in Casino Discussion

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bitblogger Contributor

bitblogger

Posted
Posted

Hello Stake Community,

As I was a loyal dedicated Staker since their inception in 2017, I instantly fell in love with Stake for many reasons. Some of the most important to me were the values Stake represented and set them apart from other similar online casinos.

The kinds of values I speak of are the complete open transparency you can find at Stake, the community involvement Stake incorporated, their original unique games you couldn't find anywhere else, They made Security and privacy a top priority to ensure the safety of players accounts and funds, there was Never any funny business with players being paid there winnings or bets being honored, Virtual private networks (VPN) are Encouraged by the management & staff or at least they were.

And of course there are many others reasons that made Stake a go to casino for me. They truly stood out from the pack and quickly became a leader in this industry.

The problem: Currently I am a Platinum 4 vip player. I have spent a lot of money at Stake. To my surprise about a week ago I received an email from Stake with a title "Level 2 verification required".

The email read as follows: 

"As Stake is a licensed online casino, we are required to conduct basic compliance checks. It is a very quick process and should take no longer than five minutes.

You're being asked for this now is due to the following reason(s):

Browser language & time zone indicating potential restricted country. 

Please ensure your level 2 verification is completed before January 17th. You will still be able to play as per normal until this date, including depositing & withdrawing."

THey say browser language and time zone indicating restricted country. If that's not the biggest load of crap I have ever heard. First off you have no idea what my sleep schedule is.. That is the most vague explanation they could possibly give. I can't say I'm surprised as there have been many other recent actions Stake has taken to gain more control while taking it away from the players.

I can't tell you how disappointing it was to see this email because everything Stake stood for in terms of values is going out the window.

It will only be a matter of time before they become all corporate and make verification mandatory for all, wager requirements on bonuses, all the things that made Stake great is slowly collapsing.

All the work I put into my account, building it to plat 4, is now gone. I refuse to provide any person details copy's of my I'd, all of that to them. This is a crypto casino, there is no reason they need my docents other than the simple fact that they didn't like the profits I was taking from themor whatever the real reasons in my opinion because I won a hell alot of money from them.

Beware.

Jeebus Proficient

Jeebus

Posted
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15 minutes ago, weedboyz said:

why your so sceered abaut lvl 2 verify whots wrong whit you pople

 

There are people who are well known in their country, county, town or community and value their privacy.

While i worked for one casino, we had a player who comes from a wealthy, but extremely religious family. His father was super rich businessman who stated many times he will leave him out off the will if he finds out he is gambling. 

We had large business owners, who couldn't risk his partners knowing cuz no one would do business and take him seriously.

Some come from countries where gambling is against the law, etc. Many reasons.

STAKEhasbulla Apprentice

STAKEhasbulla

Posted
Posted

I feel the pain of losing an account you put lots of work for, it makes no sense how they can just spring it onto us stakers for no reason, even though its stated in the rules that they can do it for suspicions, eddie himself is from a restricted area like? I fully agree with the privacy of a crypto casino so why do this to us.

 

thejunespirit Proficient

thejunespirit

Posted
Posted

Anonymity goes out the window if you’re playing from a restricted country. Clearly there was evidence to suggest this, and Stake is therefore well within their rights to ask for KYC (they ideally wouldn’t want to break the law, especially with a customer in profit 😉). There’s a lot of people playing via VPN from restricted countries it seems, just look at all the people on Twitter who literally have a US location in their profile, it’s good to see them cracking down on this.

I actually got accused of playing from a restricted country previously, which was incorrect, so I did provide my local ID proving my whereabouts and then moved on.

  • 3 weeks later...
bitblogger Contributor

bitblogger

Posted
  • Author
Posted
On 1/18/2022 at 8:58 PM, STAKEhasbulla said:

I feel the pain of losing an account you put lots of work for, it makes no sense how they can just spring it onto us stakers for no reason, even though its stated in the rules that they can do it for suspicions, eddie himself is from a restricted area like? I fully agree with the privacy of a crypto casino so why do this to us.

 

There prob just trying to save a few bucks by forcing any higher tier VIP's that want to remain anonymous.. I imagine many players received the same email as I did..

As for Eddie, well I guess the gaming license only applies to the "players" that potentially reside in "restricted counties"

I guess those same rules/laws don't apply to owners/management and staff, ain't that right @Edward

andyez Rising Star

andyez

Posted
Posted

Could see this coming when they started offering increased rewards for verified players. Then came the talk of rain/bonus drop only for level 2, and moving all the stake streamers to Canada. Everyone said  "stake values player privacy" etc. It is funny that all the big stake advertising streamers were once from restricted countries but moved for the pay. The exposure from the streamers, and the backlash from the haters is the real reason they are doing this, because it put a spotlight on their business practices. Once they have enough high rollers to offset all the players from restricted countries I am sure they will do mandatory level 2 KYC for everyone like their major competitor did. The bigger they get the less they care about the promises they made to the people who got them where they are today, and the more they care about the bottom line.

I think their decision to add CAD and BRL deposit options played a major part in this as well. If they only handled crypto they are immune to all KYC laws but by handling fiat transactions they are required to KYC in certain circumstances or risk losing their banking relationships.

dupeddonk Veteran

dupeddonk

Posted
Posted
48 minutes ago, andyez said:

Could see this coming when they started offering increased rewards for verified players. Then came the talk of rain/bonus drop only for level 2, and moving all the stake streamers to Canada. Everyone said  "stake values player privacy" etc. It is funny that all the big stake advertising streamers were once from restricted countries but moved for the pay. The exposure from the streamers, and the backlash from the haters is the real reason they are doing this, because it put a spotlight on their business practices. Once they have enough high rollers to offset all the players from restricted countries I am sure they will do mandatory level 2 KYC for everyone like their major competitor did. The bigger they get the less they care about the promises they made to the people who got them where they are today, and the more they care about the bottom line.

I think their decision to add CAD and BRL deposit options played a major part in this as well. If they only handled crypto they are immune to all KYC laws but by handling fiat transactions they are required to KYC in certain circumstances or risk losing their banking relationships.

Most of this is really nonsense.  

They want to keep the licenses they have (curacao is changing), get approved by other regulatory bodies so they can keep growing, and not worry about being charged with funding terrorism or the next big fentanyl ring by some Western Country.  

All of this requires not openly allowing large amounts of money from completely anonymous people.

Nothing to do with streamers or rain.

 

andyez Rising Star

andyez

Posted
Posted
1 hour ago, dupeddonk said:

Most of this is really nonsense.  

They want to keep the licenses they have (curacao is changing), get approved by other regulatory bodies so they can keep growing, and not worry about being charged with funding terrorism or the next big fentanyl ring by some Western Country.  

All of this requires not openly allowing large amounts of money from completely anonymous people.

Nothing to do with streamers or rain.

 

But those changes with the streamers, rain and bonuses are the signs that changes are coming. You misread what I said and actually agreed with me while trying to argue. It's ok I see you playing devils advocate in every post, so no surprise here.

Crypto by definition isn't money. But those regulations you refer to apply to the fiat that they recently started supporting. For example many of the exchanges I use do not require KYC if you only trade crypto to crypto, but as soon as you want to cash in or out fiat the KYC is mandatory.

SupItsJ Proficient

SupItsJ

Posted
Posted
On 1/18/2022 at 5:58 PM, STAKEhasbulla said:

eddie himself is from a restricted area like?

 

 

On 2/3/2022 at 7:54 PM, bitblogger said:

As for Eddie, well I guess the gaming license only applies to the "players" that potentially reside in "restricted counties"

Well I think that isnt true, because even affiliates like Train for example, are technically employees, yet we all know he allegedly moved to canada for his employment. I think its kind of crap but if you are creative enough you will figure out how to please them and keep your account. 

pascalwl3 Rising Star

pascalwl3

Posted
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@YeetYeetYeetYeah that's right but I know back in the days Stake promised to never KYC a player if he/she doesn't want to. When I registered on the side ( I can be wrong but thats what I remember) there were no Anti-Money-Laundering guidelines. They added that some time later.

ByteMeTwice Experienced

ByteMeTwice

Posted
Posted

People may not realise, a crypto casino can't be be regulated.  There are very few countries who even recognise crypto as a currency.

How can you regulate or licence something that has no intrinsic value.

 

Next we'll need to be licenced to play off-line Monopolpy.

 

The biggest fact that people need to realise is that the biggest money landering entity is the CASH in your Pocket. It's estimated that up to 95% of $1 bills have traces of cocaine.

 

I'd also like Stake to Clarify if Players from Cetain European Countries and some Far East Countries are going to be made to verify via KYC.

I uploaded a document which, although is expired, is acceptable at banks, polling stations, police stations & Post offices, as photographic ID.  I have even used it at other online facilities (including Casino's).

It's the only photographic ID I have, or Need.  But not good enough for the GODS at Stake.

 

I won't be providing any other identification and Judging by the allegations of coins going missing from peoples accounts, anyone would be crazy to provide any proof af address.. Stake have never admitted or denied these allegations, so there's no way of knowing either way.

  • 2 weeks later...
bitblogger Contributor

bitblogger

Posted
  • Author
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On 2/8/2022 at 11:12 PM, YeetYeetYeet said:

Do you not understand that Stake doesn't make these rules? They don't do stuff like this they lose their license.. where would that leave them?

Your missing the point though.. should these rules that you say Stake doesn't make only apply to one player and not the other whether they are in a restricted country or not.. and how far will it go when there whole premise was to make it optional?

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