Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 10. (Read 1740 times)

A casino cannot be a no KYC casino and yet requires you to fill in for KYC along the process, since we make use of cryptocurrency in gambling, it gives us the advantage to make decision on what we want and how we wanted to get it done, if we think privacy is what we need while using any of the casinos, then we can make use of bitcoin in making casino deposit and we proceeds in gambling, when we bet and win, they will not require the KYC except if the casino is a KYC platform in which you have to provide all the necessary documents before they can process your request.

Well, we as players will always have casino alternatives, when we start we believe that the best casino or the best alternative is the first casino we fall into, but of course, if we become familiar with it, we accept the casino as it is, we take the bonuses and we actively participate, I say this from the point of view of my experience, because when I was a rookie I became very fond of a particular casino, I liked everything they did there, in fact thanks to that platform a great community where we all supported each other and played and shared each strategy.

Now after that, when I saw that I didn't win much, I looked for other casinos to see the game and if I had it, I played, then I knew the casino, of course at that time I only played dice, then when I saw so many games it seemed strange to me to have so many options, and there were a lot of games, so I didn't think so, but after that I started to see more, that's why I found stake.com, also I can't deny that at that time the casino looked very nice, its color and atmosphere It is very characteristic, besides that stake.com has a forum and there you can participate and be very active, I like all these things, that's why I took a liking to stake.com, after one has a certain journey in casinos, in games of chance, become more critical and any platform one sees it with errors, or with things that do not add up.

In the casino I really like casinos such as duelbits, rollbit, bitcasino, among others, because they are reliable casinos, and I think that the best alternative to casinos is that, that they have a unique reputation and trust 'because the casino can be seen very pretty, flashy, in fact it can be friendly in its environment, but is it a fake casino? one of those casinos out there where they prey on newbies or people who don't know much about casinos and scams, those are the things that you should be very careful about, but in my case I don't get complicated, my casinos are few but the best , stake.com, bitcasino.io, duelbtis, roobet, sportsbet.io, freebitco.in.

With people misusing the no KYC feature of the cryptocurrency casinos initially, this had to happen eventually. I remember the days when no cryptocurrency casino would ask you for KYC verification and you could deposit, gamble, and withdraw any amount you want without providing any personal information at all. Those were golden days, but as soon as people started misusing that freedom and started doing evil stuff, authorities and casinos had to go ahead and implement something to prevent that from happening.

And, here we are today, with regulations circling us from all sides, and it is all our own fault. I don't say that there wouldn't be regulations if there was nothing like that happening, but it might have taken some more time for this to happen, and the regulations might have been a bit easier.

In the past, the casinos were blamed by the government for harboring money laundering. A lot of them were either closed by the government or went offline, which caused issues for the users who had their deposits in these casinos. That is the reason why KYC is now being made mandatory in almost all online casinos. A few exceptions are there but sooner or later they will also implement KYC. With KYC you no longer are anonymous but as a user, you still have the anonymity factor with other users.

Most of these casino just do all these because of the government rules that are tied to them operating their business. These casino are now implementing all these to avoid be sanctioned of money laundering law because most of the users deem their site to be a perfect spot for huge deposit and withdrawal which can cause lots of attention so that's why KYC is been called upon

That's the sad reality as we push the government regulations, we are being forced to follow the KYC rules. Most of the casinos now are asking for KYC, but some are still not and they will only ask for KYC if they see some irregularities with your account. Somehow, KYC is indeed for the security purposes of both parties, let's just hope that secure our data with a highest priority or else, hackers might get our details.

Crypto casinos nowadays have changed a lot. They have started implementing a KYC policy for their users, especially those who deposit or withdraw large amounts of money. This is to avoid casino suspicion of users using money originating from illegal activities.

And that's why we often see users who are asked to do KYC before they can continue their activities in gambling. Casinos want to ensure that nothing related to illegal things is happening because regulators supervise casinos. And once the KYC process is complete, users can deposit or withdraw money unless the casino finds anything suspicious.

So users must read and confirm the TOS of the casino before registering so they understand that casinos can also ask users to do KYC at any time. And if users don't want to do KYC, they can look for other casinos. But it looks like this is also happening in other crypto casinos.

Its not right if they claim that they are 100% KYC free casino since if the case that they ask that when winning a huge amount then they must be up something and do delaying tactics to find an issue to the user so that they cannot possibly pay him. But now expect that casino will ask this KYC so people should read first the TOS of the casino so that they will not get surprise when certain requirements has been implemented nor asked to anyone who win a huge amount of cash.

You are indeed right. Anonymity does not somehow a big issue at the moment since most of the casinos are actually requiring KYC most especially for big time players. Although there might be some few gambling casinos who are not into KYC verification, but I believe their system will definitely be updated and will require KYC sooner because that’s what the government requires them to do so.

However, there’s still some factors that we still become anonymous from others, but not from the casinos personal staffs. Maybe let’s just accept the reality that KYC will be compulsory in all centralized casinos all over the world. This is not only made out from the government wanting to control everything, but also for the sake of gamblers security and protection.

Yea, there are a couple of non KYC casinos but they are a few compared to the number of KYC casinos available in the industry.
I know of gambling companies that set KYC only when the winning is high. I do not think that this is right.
If there are no limits to deposit, there shouldn't be limits for withdrawal.  But the reality is that nothing is totally done to guarantee 100 % freedom. This is to prevent exploitation by random people . Because there some malicious people who are just seeking of loopholes to exploit

Gambler's face a catch 22 situation when it comes come crypto and trying to retain anonymity. It's in the government sights now and while it is probably only the US government that can put immense pressure on businesses to comply, they take great efforts to stamp out money laundering if they can. It also leaves you in the situation where most legit companies now comply so they can access infrastructure and services which help to protect them against things like DDOS attacks. The owners have to take big risks if they don't use such services, which identify the owners and make them liable to threats from financial regulators all over - including the threat of jail time.

You're not wrong because the authorities are trying all they can to make sure crypto casinos are very unattractive because people has been finding cryptocurency casino more nice to use than traditional casinos as transaction are done anonymously but that has changed.

The requirements of KYC been requested by every crypto casino has taken the anonymity from gambling as every account is now linked to a face that the government can get access to whenever they want by going to the casino to request for them based on security measures.

These casino don't have to blamed because the bad eggs among us has been using crypto casino for their evil plans like money laundering and other illegal activities. We can stay anonymous by not letting our personal wallet linked with our gambling accounts by using mixers.

That is a casino which I would consider to be a special case, though. Because we all know it operates as a branch of a bigger and more widely know brand, which is 1xbet.

By the way, we do not have a reliable way to know what the volume of 1xbit is, they may have a relatively low volume of deposits and actual users and the brand is used just as a platform to scam people around the gambling ecosystem, because no actual gambler would continue to deposit there, and risk their money.

You are not wrong but still there is some level of anonymity remain since only the casino holds your identity while they don’t all your information to the government unless it was ask to them. In a sense, You are still anonymous in the eyes of everyone including the government as long as the casino you are playing is truly protecting your KYC credentials. If we compared IRL to crypto casino, Crypto is still considerable as anonymous because no one knew that you are gambling because our accounts doesn’t have our personal information to the public compared when playing physically or other fiat casino that usually ask our bank account for deposit purposes.

It depends on you because there are still casinos that allow gamblers not to do KYC as long as the gambler bets small money. But if you want to exceed the limit, you have to do KYC because by doing KYC, you can gamble big money and not worry about anything. Processing KYC from gamblers does take time so casinos cannot process it right away so gamblers have to be patient and wait for it. The casino carries out the verification process to ensure its members are not connected to any illegal activity, so the casino must check this in more detail. And the process is only done once; after that, you don't need to worry if you want to withdraw or deposit money.

Wayback into those early years of crypto gambling where most of platforms arent asking KYC but now they are gradually turning out to be like a typical fiat casino.Although there are still some who are still that following that general idea or being totally anonymous but of course this would be only good if you wont really be able to reach out some threshold in speaking about on the amount you deposited or won up because on the time that you would be reaching out some high numbers then this is where KYC do normally kicks in.

Wayback on which these platforms arent really that minded whether they are licensed or not as long they are paying then its considered to be that legit and reputable but now most people are really that looking for their licenses on which this one is really that considered or does indicate that they are legit nowadays even dont mind about being becoming that centralized one. Well thats something inevitable
which changes and regulation wants to touch up on everything.

At the beginning of cryptocurrency was launched,the people get into cryptocurrency for the Anonymity.But the anonymity was not available in cryptocurrency based gambling because of the KYC in gambling is mandatory one.Some people finding the gambling site without kyc for still hold the anonymity,but the gambling without kyc is more riskier one.Even it will steal your money after winning by asking to complete kyc at the time of withdrawal.Then it will say the withdrawal is not available to your country and sorry for the inconvenience.Then it allow only to withdraw the deposit money from the gambling and it show you like a trusted website.But the fact is they scam your winning money at the end.

Well, I've been looking for casinos that don't have that functionality to ask for KYC but it's very difficult, even freebitcoin itself is already asking for KYC, it's not something that stays up for me, but I don't like that when I go to withdraw the money they ask me for the KYC, it's annoying, because that delays me being able to get my money quickly, because when they ask for the kyc it always takes a few days and I want my money immediately, and that's why I say it's a bother, they should lose the KYC before making the deposit, because that is what indicates whether or not we want to be in the casino, instead with the withdrawal they are already like Conditions, it looks bad.

This isn't entirely accurate sadly. Take 1xbit for example. They are a shady site who promote anonymity and don't enforce mandatory KYC, but many gamblers are still playing there at present.

Regulators cannot really do much against such sites whose operating locations are in complicated areas.

I don't think they would be fine if they are shady and not so reliable, because people talks, reviews and recommends casinos around the internet. If the casino is indeed non-KYC and becomes popular because the high quality of its services, then as popularity grows, it would become more likely to be noticed by regulators and be shutted down.

If the casino is non-KYC but it's services are not that good, people won't recommend it and the volume will stay low, so will the attention from regulators.

That is why I say it is very unlikely we will ever find a big casino which chooses the anonimity of gamblers over high profit.