How to Go Through Roobet’s KYC Procedure

In the world of crypto gambling, there are only a few brands that have smelled what we would classify as mainstream popularity. Naturally, we have Stake and BC.Game as probably the two most famous coin-based gaming and betting hubs globally, but Roobet is definitely another brand we can throw in the hat as a top player in this industry section. Operated by Raw Entertainment BV, only one of its co-founders, Matt Duea, a notable crypto enthusiast and entrepreneur who helped establish this brand in 2019, has been made public.

Over the past few years, Roobet has established itself as a top dog via unique partnership agreements and heavy use of social media. Primarily via influencer marketing, especially on platforms like TikTok. It has also struck super publicized sponsorships agreements with the likes of Snoop Dog and former UFC lightweight champion Brazilian Charles Oliveira.

The site advertises itself as the fastest growing crypto casino. We do not know if this is accurate, but we somewhat doubt it. What we can tell you is that according to some of our users, if this site did not have any KYC, it may contend better with its better-known competitors, and here we describe how to get your identity verified at Roobet.

Roobet’s AML Procedure

Going by the platform’s policy page dedicated to running down this hub’s anti-money laundering rules, it is stated that these exist to ensure compliance with international laws. Hence, like all AML/KYC conditions that virtually all online casinos/sportsbooks nowadays get pressured into implementing, they get put in place to prevent the misuse of financial systems for criminal activities. Essentially, they have become standard to not allow gambling websites to be utilized for money laundering and terrorism financing. Pretty much as places where people or groups can disguise the origins or their illegally obtained funds.

Since Roobet operates out of Curacao, a jurisdiction that has further tighten up regulation in the past year, all Curaçao-based sites now must follow AML/KYC procedures. That is necessary for them to comply with local regulations. Thus, they must try to detects suspicious activities, and prevent their platforms from getting turned in to channels for illegal financial flows.

Roobet’s AML program consists of identity checks under its KYC (Know Your Customer) requirements, the heart of which is transaction monitoring and rigorous employee training. If you are reading this, you know what KYC involves. The hub engages in transaction monitoring through internal systems and external tools that track gambling on its offered products/services to identify irregularities in transactions. That info then gets analyzed by a Roobet Money Laundering Reporting Officer (MLRO). This person is responsible for reporting any unusual activity to Curaçao’s Financial Intelligence Unit and revising procedures to adapt to evolving AML regulations.

Do You Must Verify Your Identity to Withdraw Funds at Roobet

Yes. You cannot bypass the verification rules at Roobet. Completing these procedures is vital for gambling here, and Roobet notes that this is pivotal in the site’s protection criteria. They must ensure compliance with trade/financial regulations, which is why this is mandatory. Their compliance team reviews documents daily and promises that they are securely stored and never shared with third parties.

To deposit funds in your Roobet account, you must complete stage one of the verification process, and you must complete stage two if you are taking out funds from your cash balance (USD, for example). Withdrawing from your crypto balance does not require a level 2 verification.

You can complete level Roobet KYC by going to the profile drop-down menu, clicking on it, picking Account Settings, and then navigating to the Verification tab.

Per the site staff, an upgrade to the next level is permanent in theory. However, if the Roobet compliance team detects any suspicious behavior associated with your account, they may ask you to supply the already handed over ID documents again or demand different ones. According to them, that almost never happens and can only occur if the team is looking to protect your funds or information.

Roobet’s Four Verification Stages

As noted above, the Roobet KYC verification system is structured across four levels. Each of these aims to enhance user security while also staying faithful to this platform’s regulatory requirements per its given Curacao online gambling license. The first Roobet verification level is mandatory for all users who plan on gambling here using their cryptos. To complete level 1 ID verification, you must enter basic personal details like your name, date of birth, and residential address. Please do your best to ensure that the info you supply is accurate. We say this because this information will later be required to get confirmed through the official documents you will have to provide. For example, the name you type in your account profile must match the one on your driver’s license that you sent over. Uploading a photo ID occurs in level 2.

Level 2 verification asks that you submit a valid identification document. That can be your driver’s license, your passport, or a government-issued ID card. These should be in English, with all text and images clearly visible, so the Roobet staff can easily confirm your nationality and identity.

Level 3 is supplying a proof of address. That can get accomplished by scanning, photographing a recent utility bill, usually one that is not older than three months. Recent bank statements, or lease agreements can also get accepted. The main thing is that the document verifies your residency.

Finally, Level 4 demands documentation showing the source of funds. That is something that now some regulators in Europe are trying to push through as necessary for all. It means that you must show here you are getting your gambling funds by giving up your bank statements, sales agreements, pay slips, tax returns, or inheritance papers. Heck, even a divorce or lawsuit settlement may do the trick.  These should be enough to validate the origin of funds you have used or plan on using on this platform.

Typically, the KYC process, stages 2 to 4, get completed on the staff’s end within a day or two. That said, they may extend if further documentation gets needed.

Tips on Avoiding KYC at Roobet

The reality is that if you gamble long enough here, you will likely get hit with a level 2 request, which is the basic one at most of our reviewed crypto sportsbooks. Still, you may want to stick to lower withdrawal sums. Do not do any sudden substantial bet increases. Stick to your usual wagering range/patterns and maintain a low-stakes activity in your sports betting. High-rollers will have to go through level 2 and above KYC, which will also happen to you if you attain substantial winnings.

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