The Sunday Mail
When you wish to play at an online casino licensed by the UK Gambling Commission, you must complete KYC (Know Your Customer) or Anti-Money Laundering (AML) upon opening an account. This process of obtaining information about a player seems complicated for some players so they may be tempted to choose online casinos without verification. The no-verification sites offer attractive benefits though they are not regulated in the same way as regulated ones. To help you make a better decision, here are the differences between no-verification casinos and regular UK casinos.
Features of No Verification Casino Sites
No-verification casino sites are online casinos that do not require players to provide any personal information, including KYC and AML during signing up. There are also no verification casinos that don`t require ID on withdrawal which means players can get their winnings right away. No-verification casino sites are becoming increasingly popular, as they offer a more convenient way to play casino games. Here are the features of no-verification online casinos.
No KYC requirements
The KYC procedure can be onerous and complicated for some players, as they have to supply a certain amount of personal information before being allowed to play at their preferred sites. It comes as no surprise when they find no verification casinos to allow them to play without having to submit any forms of identification. With the most recent wave of casinos that require no verification, you can create an account in a matter of seconds, giving you a great opportunity to get going right away. You might even be able to withdraw money from an online casino without providing any documentation for verification.
High Deposit Limits
Some casinos have high deposit limits for players who do not have to go through the verification process. This can be beneficial for those who want to deposit a large amount of money into their accounts without having to go through the hassle of verification. No verification casinos offer higher transaction limits enabling players to deposit a massive amount. Hence, players have an opportunity to enjoy more substantial wins and can take part in more exciting games, since higher deposits open up the possibility of betting higher amounts.
May Request Documents During Payouts
A couple of gambling sites require their customers to verify their identities before every withdrawal. While the process seems to be a time-consuming process, this helps the operators to identify their players and make sure that they are not involved in any criminal activity. Therefore, when you register for a no-verification web-based casino, there is a chance that it requests documents during payouts.
Features of UK-Licensed Casino Sites
UK-licensed casinos have certain features that make them unique and attractive to users. Apart from strict gambling regulations, they are also required to apply the KYC procedure as proof of identity to keep minors from playing under a false name and prevent money laundering. The features of UK-licensed online casinos are detailed below.
KYC Requirements on Sign Up
When you sign up at a casino site, the operator ensures that it prohibits underage gambling by applying KYC. This process involves players providing documents to prove their identities which might include an ID card, Passport, Driving licence, and Proof-of-address. In general, the legal age for gambling ranges from 18 to 21.
Affordability Checks for High Deposit Amounts
The UK gambling industry regulation is getting stricter and stricter in order to stay ahead of fraud. Therefore, casino operators must check their gamblers’ deposits and require them to show proof of income via bank statements, which prevents people to launder money.
No Verification for Withdrawals
While licensed casinos apply KYC for high rollers, they do not require any verification process when withdrawing money. This means that players are allowed to make a large withdrawal without verifying their identities. As players don’t have to go through the long procedure of document verifications, they can cash out their winnings in a swift and simple way.
UK Casinos vs No Verification Withdrawal Casinos: The Bottom Line
Each online casino provides distinct advantages and downsides. No-verification casino sites are an increasingly popular option for online gamblers because they offer such features as exclusive free spins, higher deposit limits, and more games. Also, KYC-free sites are more anonymous because they do not require players to provide any personal or financial information. On the other hand, UK-licensed online casinos have more security measures in place as they are regulated by strict rules. These include KYC requirements on registration, high deposit amounts, and other regulations to promote safe and secure gambling.
