No verification casinos (2024): Pros and Cons
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Nowadays you have a choice of either going to a physical casino or kicking back at home and enjoying an online gambling house. Both of these are great choices, and both of them require you to comply with certain rules. One of the special rules about online casinos you might run in to is verification.
This means you might need to submit personal information, like pictures of some kind of identifying document, a proof of your address and so on. These conditions are contentious for some players, who might not want to share that kind of information. And there are legitimate reasons why they might be apprehensive towards doing so – this is very sensitive data, which can cause you significant harm if it is leaked.
On the other hand, casinos have good reasons for wanting that kind of data. Often times, it is gathered in order to create a safer gaming environment, for example. Now, this brings up a lot of questions, like whether that means No verification casinos are safer thane ones which require IDs, or less so? Are they unregulated? And are the services they have to offer up to par?
The following article will provide you with the most crucial information about what it means to play in such places. Ultimately, whether to play there depends on your own preference, so hopefully we can help you decide what to pick!
Why do casinos require verification?
Casinos nowadays have various reasons for needing to obtain proof of who their players are. Perhaps the most significant reason for that is to prevent minors from playing on their websites. Regular, physical, casinos don't let people under legal age play either, and there should not be a distinction for online betting house here.
There are other reasons why houses might need to prove the identity of their players. For example, that is necessary in order to combat financial crime like money laundering. Also, it is necessary for them to know who they are sending money to, otherwise the casino could be used to fund terrorism. Some casinos are required by the laws of the countries where they operate to do just that – collect all of this important information on their players, so that the regulators can guarantee that online gambling is done in a legitimate manner.
All of these are very valuable reasons, but we also mentioned that players also have legitimate concerns about the practice. We mentioned the chief one before, it is the fact that, while rare, your data could leak from casinos. It could also be obtained by hackers, if it is not secure enough.
Other players are concerned about their privacy, or might simply not feel comfortable with gambling without being anonymous. And, quite frankly, verification can be a hassle! It can take a while to get verified, and it is even worse when the verification is supposed to take place before you can cash out. In such a case, the casino can even use it to delay from paying you. That is annoying to deal with.
Luckily, there are other casinos other there, which do away with such requirements. These are No Verification casinos, which let players sign up, deposit, play their favorite games and cash out without ever needing to submit any of the sensitive and valuable information we discussed.
Are No verification casinos safe?
Now, since casinos are not required to verify who is depositing, you might be wondering whether they are safe. After all, they are clearly not compliant with some regulatory policies, which demand that they do so. So, it is clear that these casinos are not regulated, right?
Well, regulation is a big topic, and there are actually a couple of licensed No verification casinos too. We will expand on them in the next section of the article. For now, though, we should mention that casinos which do not have KYC checks as part of their services are mostly unlicensed. This does not mean they are necessarily fraudulent, though! In fact, the difference between houses which are regulated and ones that are not lies more in the regulatory policies that licensed casinos follow. These translate to specific protections for the player, which are available only with licensed houses.
While important, their absence does not mean you will automatically be worse off than if you are playing with a regulated casino. Instead, there are even certain benefits to unlicensed houses. Some of the regulatory bodies which are the strictest about requiring player verification also have certain restrictions on what houses should do when offering their bonuses, and what kinds of promotions are not allowed to be provided to the player. In contrast, you can play games you cannot find anywhere else with unlicensed casinos and benefit from bigger bonuses than average!
Can No verification casinos also be regulated?
All that said, we should mention that a small subsection of casinos which do not require verification are also licensed. These can mostly be found with some of the offshore regulatory bodies, which are a bit less strict about how casinos should conduct themselves. Countries like Santa Lucia are among these small nations which require casino operators to disclose a bit about themselves before being issued a license.
This makes for a degree of accountability, but we should mention that there are less protections for the player overall. The casinos which require no verification but are also regulated usually don't have to follow any specific regulatory policies. At the same time, they are a slight degree safer than ones which do not hold any license!
Advantages of No verification casinos
There are several main reasons why No verification casinos can be advantageous for players. Here are the main ones:
Usually, No verification casinos are how quick they are at opening accounts. With casinos which require you to prove your identity, you might be asked to submit your ID before making your initial deposit. And no initial deposit means you cannot play anything. On the contrary, when you are playing with a casino which does not necessarily need to verify you are who you say you are, there is no need to way for that. If you think we are overplaying how long that wait can be, the documents you submit sometimes need to be reviewed by operators of the casino. That can take up to a couple of hours if none of these operators are available.
Similarly, some casinos need you to verify your identity before you withdraw. This can mean that the cash out process is made sluggish because you have to wait for your documents to be approved. How long can that take? The casino should need a couple of hours to be able to prove that you are who you claim to be, and that your payment method belongs to you. On the other hand, we mentioned that some casinos take advantage of this screening process to unfairly delay the withdrawals of their players. We have heard horror stories of houses needing up to several week to do so, which is not going to be the case with No verification casinos. Therefore, the second reason people prefer them is the faster withdrawals.
Finally, there are sometimes better conditions with these casinos. As we mentioned, the lack of stifling regulation leads to higher bonuses, but can also lead to you being able to cash in lower amounts of money, cash out more and even wager on riskier games for a higher potential payout.
Downsides of No verification casinos
The disadvantages of No Verification casinos are tied to the usual lack of regulation, with the three most significant ones listed below:
Firstly, casinos without a license cannot guarantee the RTP rating of their games. Regulated houses need to submit their games for review by independent auditors, who can confirm that there is no bias towards them. The RTP rating we mentioned is a way to describe the percentage of money which players will lose while playing casino games. On average, that percentage is listed as quite low, between 1% and 3% at most. However, whether the listing we mentioned matches reality is really up to anyone's guess! The possibility of manipulation is quite a significant reason to stray from unregulated casinos.
Secondly, since most No casinos are not licensed, they cannot provide you with self-exclusion measures. Problem gambling is one of the things which regulators seek to root out. They do so by making casinos offer their players a series of steps they can take, if they feel like problematic gambling tendencies have been developed. These are varied, but you can expect to be able to set custom deposit limits, or close down your account and have the outstanding balance returned to you should you need to. That is not going to be the case with casinos which are not under any regulation. We are not saying that they definitely don't offer access to self-exclusion measures – merely that there are no guarantees such will be available to you!
Finally, there is also a chance that no verification casinos can be fraudulent. As we said before, this is a very rare thing to happen. And nevertheless, it is possible for the operator of an unlicensed house to take your money, pocket it and run. While this can also technically happen with a strictly regulated casino too, there are a lot more measures which can be used to hold such houses accountable!
What deposits do No Verification casinos accept?
One of the more unique aspects of No Verification casinos is that they don't accept all the payment methods which you might want to use. For example, you can forget about being able to deposit with bank transfers! This is because not only casinos, but also payment providers have their own sets of verification protocols to follow. Banks always want to know who you are sending money to, or they will not clear the deposit. That is why most no verification casinos do not accept this kind of payment.
The same can be said about credit cards, and about most means of depositing in general. However, you have one method of payment which does not require any kind of KYC check – that is crypto. Crypto transfers are not processed by payment providers, or any intermediaries. They are powered by a blockchain and crypto miners, which both facilitate your payments.
Depositing with some casinos with crypto does not require you to go through a verification procedure, while they demand the same for their FIAT payment methods. However, being constrained to crypto deposits has its own challenges! First off, crypto tokens are complex, and not everyone can use them. What's more, because using them is difficult, there are players who might prefer easier means of deposit.
Secondly, crypto payments compare well to certain conventional payment methods like bank transfers. And yet, when they are stacked up against other methods, they have higher fees. For example, most e-wallets do not charge you anything for outgoing transactions. This means depositing with a casino via Skrill, or a similar wallet will not have any additional costs. That is not the case for crypto. These payments are powered by miners, as we said. In return for processing your payments, they collect small fees every time you move a digital asset.
On the other hand, crypto payments go hand in hand with the higher anonymity which players who stick with no verification casinos are looking for. Know that if you wish to play with such a casino, you might be forced to use a payment method which might not be your first choice, though!
Where to find good No verification casinos?
Since there are certain risks when looking for No Verification casinos, you need to research every one of them carefully before making a deposit. And since they are generally unlicensed, there is no centralized register or anything where you can find anything to certify that they are legitimate.
On the other hand, your best bet when looking for such places to play is the robust egaming community online. Seek the opinions of other players, and reviews like the ones you might find on our website. We regularly cover casinos which are not licensed, but offer great services!
Ultimately, you might want to play with licensed houses over unregulated ones if you prefer a higher degree of safety and an a bigger amount of deposit methods at your disposal. If you are after a higher level of anonymity, and are fine with cashing in with crypto, you might be better off with a no verification casino. Stay vigilant while doing so, and enjoy playing without needing to submit your valuable personal information!
