Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. (Read 1740 times)

But little do people know that they can as well make use of a gambling casino that does not requires for kyc only by them making enquiry on that, if we really care about our privacy and being well deeply rooted in cryptocurrency, then we should know that our gambling account shouldn't have anything in common to do with the main wallet we are using for our crypto, in other for them not to trace us right from the wallet address to the gambling profile information when our address is being tracked down. 

Well, there's no such thing about lasting up like forever or something that cant be changed. We do know that government wont really be stopping until they would really be able to have a good grasps
into those things which cant be controlled including crypto of course.Its true that the main reason on why gambling industry in crypto did boom up due into that anonymity but just as anticipated then
sooner on later years where these companies did really ends up on having those kind of following some regulation. Whereas, it would really be that mainly why demand did increase up due to that
but now we do have those changes and there's nothing we can do. So far we do have that still those casinos existing that wont requiring KYC not until on the time that you do hit up
the threshold. 

I've been investing in Bitcoin for quite some time and have seen how the landscape of crypto gambling has evolved.

In fact, people who have a lot of money can hide it from others and not show many people that they have a lot of money. And they are used to gambling with a lot of money, so they want to withdraw their winnings, the casino asks them to do KYC. Some of them are aware that KYC has now become mandatory, especially for those who gamble with a lot of money. Casinos do not want to experience any problems with regulators, so they have started to tighten their regulations in accordance with regulator regulations.

We, as small gamblers, can only comply with the requirements set by the casino so that we can avoid any problems. But actually, we as gamblers can look for crypto casinos that are not too involved in doing KYC so that those of us who only gamble with small amounts of money will not be asked to do KYC. Moreover, we, as small gamblers, rarely get big wins, and the winnings we get will be within the gambler's minimum withdrawal limit.

There are no quick profits from gambling because it will be difficult for us to win and may cause us to lose more often. The gambler must be aware that if they get a big win, they must comply with the rules implemented by the casino, so they must be willing to do KYC. If they don't want to, they can look for another casino, but that obviously takes more time because most casinos now enforce KYC on their gamblers.

Gambling cannot be blamed because we are the ones who should be blamed. After all, gambling does not force us to gamble, but we are the ones who really want to gamble just because we are curious about what gambling is like. We don't want to do KYC because we think this is just gambling for fun, so we don't need to submit any documents to the casino. But the situation has now changed from a few years ago because many people use crypto for illegal things, and casinos don't want to get into trouble for illegal things. If gamblers don't want to do KYC, they should not gamble because they want to protect their personal documents, and that is the choice we have.

If a casino uses kyc, the advantage of using cryptocurrencies is lost in terms of anonymity, as it becomes very easy to trace all transactions and identify the real owner of the cryptocurrency. Therefore, casinos using only cryptocurrencies and introducing kyc destroy the idea of cryptocurrencies

It seems to be all about making quick gains and getting your money back quickly. This quick pleasure makes bettors feel like they're close to a winning streak. When the stakes are high, things change. KYC is a surprising wake-up call in a world full of ways to escape reality. It's strange that bettors like unclear rules in games but not when it comes to their personal information.

In addition, the gambling is to blame. Along with fun things, they store money and private information. Enforcing KYC strikes a mix between following the rules and making customers happy. The gambler may say that their privacy is being invaded, but they know that this makes their gains legal. This small nod to the rules of the game isn't just about the game. Isn't this mix of being smart and having fun, of getting quick results and going through long, complicated processes, a good example of how we seek both excitement and safety?

Sometimes being rich or having tons of money would be having these kind of problems and considering that it do involved huge sums then there would really be no exemption when it comes to verification.
We know that government is really that strict when it comes to this matter on which it would be normal that they would really be having this kind of approach. Well, its not something bad because
money laundering is never been good and since these platforms or companies are involved with huge revenue or simply talking about big ongoing and outgoing transactions so its just normal
that they would really be keeping an eye to them.

As these companies does have some license then it would be normal that they will really be complying on whats been asked or mandated or else then they can operate.
For us small time gamblers, then this kind of rule or terms wont really be that much pain in the ass but if you are someone who have tons of money
then expect something like this on where verify this and verify on that.

That's true because as long as we can withdraw money that is not too large, the casino will process it automatically, and it will take a little while for it to arrive in our wallet. But if you deposit a lot of money and win a lot of money, then withdraw it, which may exceed the minimum limit for a member who does not require KYC, the casino may ask you to do KYC. Maybe the casino wants to know who the person behind the gambling account is who has won a lot of money and wants to withdraw all the winnings, so the casino asks him to do KYC. But this is what he doesn't like because he has to hand over his personal documents to the casino. In fact, if it is a trusted casino, it is okay to submit the documents to do KYC because the casino will definitely take care of the documents well. But it all comes down to each gambler which one they choose.

            -   Until now, there have been some casinos that have implemented no KYC where you can also withdraw without doing it.
and there are other casino's I knew doing this, in fact even up to now I am still playing it there every time I want to gamble.

But in this era, most of the casinos have already implemented KYC for their gamblers. And most gamblers don't care about it, as long as the important thing is that if they win big, even if it's my kyc, that's fine with them. That's what the majority of gamblers do now.

As online gambling regulations continue to evolve, KYC procedures have become increasingly stringent for reputable casinos and bookies. These measures are designed to prevent money laundering, fraud, and underage gambling, and they are essential for ensuring the safety and integrity of the online gambling industry.

While players may have the choice to not provide their KYC details, they should be aware of the potential consequences. Licensed casinos and bookies may restrict withdrawals, limit account access, or even close accounts altogether for players who fail to comply with KYC requirements. Opting for unlicensed or non-strict casinos may expose players to a greater risks. These casinos may not have the same safeguards in place to protect player funds and information.

Actually, gamblers can still gamble on crypto casino platforms without doing KYC. As long as they can use small amounts of money to bet or to withdraw winnings that are not too large, they will not be asked to do KYC. But the problem is that gamblers always try to win and bet big money where they also deposit a lot of money to gamble. That's where casinos ask them to do KYC and most gamblers are reluctant to do it. But now the situation has changed drastically where gamblers have to do KYC because casinos want to make sure everything runs smoothly and is fine. Gamblers should make sure they do KYC at a trusted casino so that there will be no problems in the future.

with the evolving requirements these days, most reputable casinos or bookies are now requiring kyc from their players. but i do agree, it is still up to the player if he will submit his credentials or not, however, be ready for possible consequences if the site is licensed and is asking your kyc details before withdrawal. otherwise, look for casinos which are not strict but be ready for worst case scenarios like freezing of your funds and the likes.

I agree that anonymity is still offered by cryptocurrencies when using them on gambling platforms that accept crypto. It’s now up to you to decide if you want to reveal who you are by doing KYC with them. The choice is still ours to make if we want to do KYC whether it’s mandated or not by the casino. Cryptocurrencies has done its part and helped you deposit and bet anonymously. We’re the ones who went ahead to willingly share our information with the casino. Cryptocurrency still helps keeps gamblers anonymous on sites platforms where KYC isn’t required.

As much as we may not like it, the days in which people could gamble anonymously on this market are slowly coming to an end, regulators are putting more and more attention to this market and they want to know the identity of the person behind each transaction that is made, and while this may not be realistic I think that at some point they will come close to achieve their goal, so casinos are simply doing what they are told, as if they refused they will lose their license and then the owner of the casino could get in huge trouble by running a casino without a license.

It’s the case unfortunately, But at the same time KYC process is the only way for casinos to keep their business and agree to license rules, requiring a KYC process I believe is important for casinos to recognize that person is not blacklisted or even a terrorist doing money laundering, there is no other way to know if the person behind the screen is not a child under 18 years stealing his dad’s wallet to gamble.
Although, right now I’m using a casino for over a year and I have many transactions of deposits and withdrawals but never been asked to pass the process of verifying my personal information. Also, I won’t have an issue or disagree when they ask about them since I know myself and never caused issues before.

Anonymity has multiple meanings, in casinos you identity isn’t an issue but you age and if you’re not in the black list.

Their was the limitation of levels in the gambling site,most of the gambling site will ask you to complete upto level 2 to withdrew the funds from the gambling site.The level 1 will be your name and number verification along with the mail.The level 2 will be verify your address proof with the selfie of the kyc.So the gambler who using the gambling site use the limited money to deposit and withdrew funds from the gambling site.This was considered to be the preventive measure to avoid of the money laundering people into their gambling site.But if the gambling site will be the real and crypto based means,your identity will be taken by the gambling site.But you are prevented by the gambling site to ay the taxes for the withdrew of the big money form the gambling site by withdrew in terms of the cryptocurrency.

Well Said, there will be no need for KYC or keeping tabs on the gambler when their account is not characterized with certain level of irregularities, there will be no need of trying to get the identity of the gambler as the gambler may not be comfortable with such and may choose to leave the platform for another,

But if an account have been characterized with volumes which were not won and irregularities they the casino could request to know this customer and make it mandatory for such customer to get their KYC done. That way customers will feel safer and better gambling with such sites because if they are scared of their information been out there they could possibly leave for the sake of privacy.

Many casinos have used KYC verification as a medium to deprived gamblers from getting what they deserve. It happens too on exchanges especially for the centralized exchanges limiting some functions and benefits to those that have done KYC verification. This is what many casinos too are using to force gamblers to complete their verification so that they can have access to who they are and if the opportunity comes it track them, it will be very easy without stress. We should be aware of the risk it could pose on us if we keep doing KYC verifications on different casinos and exchanges.

We as gamers and possibly as people who are very active with the Bitcoin market, know that when it comes to doing KYC, we are not friends, nor do we agree with the good actions that could represent complying with a "KYC", in my case Only I have recommended to people that when they are in a situation they almost do not comply with this requirement in those sites that feel safe in doing so, in my case there are few, stake.com, bitcasino.io, among others that are not many, but because? because I have seen that they are quite nice casinos and that they give enough confidence to deposit all this, so in view of these things, I do not agree that new casinos require KYC from the outset, because that is something that does not suit me I respect the decision of others but that is not the case for me, and it is not that I am against companies that come and want to make their business known, no, but it is my way of seeing things, I have seen many cases that They become a drama because of the KYC, especially for those who are very demanding when it comes to doing things like, for example, being in a casino where they win, and then you can't make a withdrawal because they have to comply with the KYC.

Many cases that have been presented like this make players upset. In your casino there must be many people who are waiting to review the KYC so that it does not take too long, why don't they ask for the KYC at the time of depositing? Ah, because if they don't verify them quickly then they don't make a deposit, that's what should be done, now with this new trend of KYC things should be done like this, in a transparent way, but what casino will do it? not allow a deposit until you have verified a KYC? So far no one has done it, nor do they plan to do it with the help of the dragon spheres now, but I know that in the future the players will no longer care, they will only look for a casino that offers them security, anonymity and privacy.

Yes, we will not understand the thoughts of these gamblers because they have their own reasons. Where if someone objects to doing KYC it is because they feel that they are just having fun at gambling so there is no need to do KYC. But some other gamblers may feel that it is their privacy that they have to protect so they don't need to do KYC. But casinos also have the right to ask their customers to do KYC because casinos don't want to run into problems with regulators who oversee their casino business. However, casinos have started to ask gamblers to carry out KYC, although there are still casinos that are flexible in implementing it. But in the future, when regulators will increasingly tighten their supervision of casinos, we must comply if we still want to gamble at these casinos.

It's like we do KYC on the exchange and we have to follow it. And if the casino is a trusted casino, gamblers don't need to worry about the security of the data that has been handed over to the casino. They can do KYC with peace of mind and hand it over to the casino and the casino will definitely take good care of it. And in the future, anonymity will no longer exist when it comes to customers.