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Verified Black Market Crypto Casino Accounts Cost Only £8!
By Shane Addinall Feb 01, 2024 TechnologyIncredible news report reveals that UK players are bypassing crypto casino verification by buying premade casino accounts on social media. Read on to learn how and why this is taking place.A groundbreaking report by Skey News revealed that online gamblers in the United Kingdom can access crypto casinos using pre-verified accounts… for a small fee.
Join us as we dig into this investigative report and discover why and how this is happening.
The UK’s Combative Relationship with Crypto
The British government has been very slow in working with the cryptocurrency sector to formulate laws and governance that would allow crypto casinos to be licensed and regulated in the country.
While online gamblers in the UK have many licensed casinos to join, the reality is that for tech-savvy punters and those drawn to the space by celebrities like Drake, who are very outspoken fans of crypto sites like Stake Casino, there are no approved venues.
This outdated view of the crypto gambling industry has increased demand for access to popular crypto casinos.
Social Media Platforms Are The De Facto Marketplace
Despite many attempts to paint all cryptocurrency-friendly casinos untrustworthy, sites like Stake.com abide by local licensing and do not allow UK players to open accounts. One of the key blockades in this endeavour is the verification process, which includes supplying a photo ID, providing a verifiable UK address and more.
As we know, where there is a will, there is a way, and savvy intermediaries have stepped in to solve this problem by selling pre-verified casino accounts on social platforms like X.com, Facebook, Telegram, TikTok, Discord, and even Reddit!
According to Sky News, their investigation lasted three months and proved that for as little as £8, you can buy a player account at Stake.com and others which have already moved past the verification stage.
As per their image below, this scheme's more entrepreneurial participants include the option to buy “higher-tier” accounts with transaction histories, gameplay logs, and even bonus claims to reinforce its “legitimacy”.
Crypto’s Pro VPN Stance Paved the Way
If you are wondering why these accounts are not blocked the moment the casinos register that the player is accessing their account from a British IP, the short answer is that they use a VPN to gamble online.
One of the crypto space's core tenets is its support of user agency and anonymity. The sector has always supported using virtual private network technology to secure personal information further.
UK users can anonymously deposit and withdraw using only their wallet IDs and access their casino accounts using VPNs without raising suspicion from the operator or its support staff.
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