The KYC process has become crucial to the money withdrawal process in modern online gambling. Although operators make every effort to streamline this procedure and complete transactions swiftly, many players still experience issues. For instance, you can be required to give some unclear documentation to establish the source of your money or your photo ID might not be clear enough. The participants find all of this extremely annoying and unsettling because it involves money. And mostly a lot of it, since issues with paperwork frequently arise when you need to remove a sizable sum. Not to mention the fact that some gamblers simply prefer anonymity and find it uncomfortable to disclose their personal details.
It is important to note that casinos do not verify players at random. If a casino wishes to run under a license, it must abide by certain regulations. And these regulations become stricter the more prominent the license. So, for instance, a casino with a Curacao license can let you to play for a while without being verified. However, you must instantly go through the KYC process at a casino with a Maltese license. Therefore, it is easy to infer from this that no KYC casinos possess a license. At the moment, this is the only way to prevent players from being asked for documentation.
