Are you looking to find out what a KYC procedure is for online sweepstakes casinos? Do you wonder what specifics you need to be aware of, so you can pass it seamlessly?
Today we will answer these questions, why do you need to pass a KYC verification, and why is passing it important for you.
Understanding Sweepstakes Casinos
Before diving into the specifics of KYC procedures in these free-to-play casinos, let us briefly cover what they actually are. If you are from the US, sweepstakes casinos are your legal way to play casino-style games. Moreover, they give you a chance to win real money rewards with the promotional Sweeps Coins they grant.
Mr.Sweepstakes Casinos Listing
Sweepstakes Casinos vs Traditional Online Casinos
As you are probably aware, online gambling is prohibited almost nationwide. So, how are sweepstakes casinos legal to play, then? Well, the essential aspect that makes them legally available is that they offer you the ability to play casino-style games without the need to purchase anything.
Also, you cannot directly deposit money in them and play. Instead, you purchase virtual currency bundles for which you pay for the Gold Coins and receive Sweeps Coins as a bonus.
With the first one, you can play for fun only, while with the second, which you cannot purchase, you can redeem your winnings for real money.
What is KYC?
Let’s not beat the bush and discuss what KYC is. The abbreviation stands for “Know Your Customer“, meaning that you confirm your identity through this procedure. It is not tightly related to sweepstakes casinos, or online casinos in general. Such procedures are applied in many institutions, mainly those utilizing financial operations.
The exact documents you need to provide depend on the specific sweepstakes casino, but in most cases, you will need to provide a screenshot of an official government ID, proof of your address through a utility bill, phone number, and email verification.
You must also provide a bank statement of the bank where you plan to redeem your winnings.
Account Verification Fortune Coins
Why You Need to Pass Identity Verification
It may sound a bit complicated, but it is actually not. You might feel like you are pushed to do some annoying procedure, and although it might be such, it is in both interests to pass it. On the one hand, the casino needs to avoid fake accounts, fake redemptions, bonus abusers, and so on. Moreover, this is how the casino ensures you are of legal age, so they comply with the local law.
This for you as a player might not be that relevant, but what is essential for you, is that when you pass KYC, no one can abuse your personal data and take advantage of your assets.
KYC in Sweepstakes Casinos
Wondering when you should verify your account on a casino-style gaming site? While you can do so at any time, in all sweepstakes casinos, you will be required to pass it before you can redeem your winnings. No need to worry, you will need to pass KYC only before your first redemption.
The “Know Your Customer” procedure is essential for your security on all websites where financial transactions are involved, including social casinos. Today we covered what it is and why it is important for you. We also discussed its specifics when it comes to sweepstakes casinos. Choose your favorite sweepstakes casino, verify your account, and you can play as long as you wish!
As an absolute mad lad game dev, I've always been interested in iGaming and testing my limits - this involves years of intense research and even more years of copywriting. Although practice is more fun, copywriting is right up my alley. Game on!