Anonymity is no longer a benefit of gambling with cryptocurrency. - page 11.

Haunebu

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Quote from: Hispo on August 07, 2023, 07:30:16 PM

What I am trying to say is that nonKYC casinos will be always less popular and known than KYC ones, because if a nonKYC casino becomes big enough, they may be forced by law to comply with document requirements to their gamblers, otherwise they would get their website at stake and all their business could disappear.

True. Gaining more popularity is a double edged sword for non-KYC casinos. Shady non-KYC anonymous sites are the only ones that would be fine even if they gained more popularity, but the risk is a lot higher obviously.

Quote from: Outhue on August 08, 2023, 01:51:22 AM

Rather than thinking such day will never come, and you comfortably gamble on such platforms, there might come a day where you will be asked for KYC verification and if you have some money trapped on the platform at the time, you will be left with two choices, either you leave your money and safe yourself from passing the KYC verification or you find means to submit your details and get your funds out.

This is a big deal only for gamblers who value their privacy over everything else and there are a lot of them in the crypto world.

dezoel

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You are not wrong, things have changed since when cryptocurrency casinos were first introduced, and those who aren't involved with them much these days might have different views about them and they are still living in the past, probably. This article you've taken this from and provided a link to isn't very old, it was published on May 21, 2023, so the writer probably did his research by reading old information online where this information isn't updated.

There might be a few casinos that might not be asking their customers to complete KYC verification even today, but it is not happening all around, and most cryptocurrency casino platforms would ask their customers to complete KYC verification at one point during their journey with them.

Outhue

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Quote from: Haunebu on August 07, 2023, 01:13:31 PM

Quote from: Docnaster on August 07, 2023, 11:55:17 AM

Almost all the crypto gambling companies are accepting KYC. It is difficult to see a truly non kyf casino.
Many people get scammed in the process of searching for a non kyc gambling.
Gradually everyone is buying into the KYC ideology apart from highly privacy people.
It is not only in the hands of the gambling companies to determine if they will go for kyf or not, but is also determined by the governments who licenced them to operate with certain conditions.

There are still a couple of casinos that don't require any form of KYC and only enforce it when dealing with big amounts or when they find something suspicious. Examples are Crypto.Games, Bitcasino, Fairlay etc.

Silver lining here is that non-KYC casinos will always exist though they will almost always be less popular when compared to KYC casinos.

You are speaking facts, there are some online casinos that are non-KYC platforms, but it's better for users to be prepared, those who moved from non-KYC casinos into KYC requirements KYC turned around in a day, the same thing can happen from these online casinos.

Rather than thinking such day will never come, and you comfortably gamble on such platforms, there might come a day where you will be asked for KYC verification and if you have some money trapped on the platform at the time, you will be left with two choices, either you leave your money and safe yourself from passing the KYC verification or you find means to submit your details and get your funds out.

Hispo

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Quote from: Haunebu on August 07, 2023, 01:13:31 PM

Quote from: Docnaster on August 07, 2023, 11:55:17 AM

Almost all the crypto gambling companies are accepting KYC. It is difficult to see a truly non kyf casino.
Many people get scammed in the process of searching for a non kyc gambling.
Gradually everyone is buying into the KYC ideology apart from highly privacy people.
It is not only in the hands of the gambling companies to determine if they will go for kyf or not, but is also determined by the governments who licenced them to operate with certain conditions.

There are still a couple of casinos that don't require any form of KYC and only enforce it when dealing with big amounts or when they find something suspicious. Examples are Crypto.Games, Bitcasino, Fairlay etc.

Silver lining here is that non-KYC casinos will always exist though they will almost always be less popular when compared to KYC casinos.

If you want my opinion, popularity is directly associated with the daily volume of crypto a casino handles, which is also correlated to the attention a casino can receive from authorities.

What I am trying to say is that nonKYC casinos will be always less popular and known than KYC ones, because if a nonKYC casino becomes big enough, they may be forced by law to comply with document requirements to their gamblers, otherwise they would get their website at stake and all their business could disappear.

It is somewhat similar to what happened to exchanges, their CEOs decided that it was more important to keep the money flowing than the ideals of privacy and preservation or their clients and investors

poodle63

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Quote from: Rabata on August 07, 2023, 07:49:07 AM

Quote from: Stepstowealth on August 04, 2023, 02:25:39 PM

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Earlier gambling platforms did not require KYC. As a result, a gambler could easily keep him anonymous and gamble. But those benefits are slowly shrinking. Most of the gambling platforms now require KYC. Be sure to complete KYC on all sites that are reliable. Moreover, casino platforms emphasize on doing KYC directly. As a result, if someone is unwilling to do KYC, he may face a big problem at any time. I think your words have enough logic in that respect. There are still some casino platforms that do not require KYC. But in the future, those platforms may compel to do KYC.

The funds from the customer will be frozen once they were not doing KYC. It's a must caused by it's also a part of how the platform can comply with the regulation. Seeing some casinos are not so strict in applying KYC for its users.
KYC is a must for any gambling platforms users with big amounts of money. AML is the main purpose why gambling platform must implement KYC verification to make sure the regulators will not take a fight against them. It will be also affect their business.
All of platforms are requiring KYC now. I think that only illegal platform who didn't implement KYC verification. Legal gambling operator must be compliant with the regulation.
There's no reason for not to implement KYC verification as this order was also coming from regulators.

Lanatsa

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Quote from: Haunebu on August 07, 2023, 01:13:31 PM

Quote from: Docnaster on August 07, 2023, 11:55:17 AM

Almost all the crypto gambling companies are accepting KYC. It is difficult to see a truly non kyf casino.
Many people get scammed in the process of searching for a non kyc gambling.
Gradually everyone is buying into the KYC ideology apart from highly privacy people.
It is not only in the hands of the gambling companies to determine if they will go for kyf or not, but is also determined by the governments who licenced them to operate with certain conditions.

There are still a couple of casinos that don't require any form of KYC and only enforce it when dealing with big amounts or when they find something suspicious. Examples are Crypto.Games, Bitcasino, Fairlay etc.

Silver lining here is that non-KYC casinos will always exist though they will almost always be less popular when compared to KYC casinos.

I cant say that they would becoming less popular but rather be going the opposite since we know that majority of people here on crypto space would definitely be going into those things or places which are truly

decentralized because if we do try to look back on what crypto market or space should be then it should really be on the decentralized and fully anonymous kind of area on which even if things turns out to be having those changes due to regulatory actions made out by the government and trying out to regulate those platforms which is involved on crypto and make out huge revenues then its always been that good to see
or look that there are still some corners who do really still strongly stick into this space.

Its true that nowadays it turns out on becoming more strict when it comes to regulation aspects which its not really that shocking because government do really love to stir up things
according into their likes. Somewhat despite of such changes, we could still able to play with our favorite platforms that we do have on this space.

Haunebu

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Quote from: Docnaster on August 07, 2023, 11:55:17 AM

Almost all the crypto gambling companies are accepting KYC. It is difficult to see a truly non kyf casino.
Many people get scammed in the process of searching for a non kyc gambling.
Gradually everyone is buying into the KYC ideology apart from highly privacy people.
It is not only in the hands of the gambling companies to determine if they will go for kyf or not, but is also determined by the governments who licenced them to operate with certain conditions.

There are still a couple of casinos that don't require any form of KYC and only enforce it when dealing with big amounts or when they find something suspicious. Examples are Crypto.Games, Bitcasino, Fairlay etc.

Silver lining here is that non-KYC casinos will always exist though they will almost always be less popular when compared to KYC casinos.

Docnaster

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Quote from: Haunebu on August 07, 2023, 06:55:15 AM

You are partially right in this case op. Most crypto gambling sites these days are enforcing KYC in some way or another due to regulatory pressure, but there are still a couple of sites out there that don't request any form of KYC.

This is why it is still possible to gamble anonymously though it's gotten a lot harder when compared to before.

Almost all the crypto gambling companies are accepting KYC. It is difficult to see a truly non kyf casino.
Many people get scammed in the process of searching for a non kyc gambling.
Gradually everyone is buying into the KYC ideology apart from highly privacy people.
It is not only in the hands of the gambling companies to determine if they will go for kyf or not, but is also determined by the governments who licenced them to operate with certain conditions.

Blitzboy

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Quote from: maydna on August 07, 2023, 07:20:09 AM

Quote from: slapper on August 06, 2023, 11:41:13 AM

Quote from: maydna on August 06, 2023, 10:55:22 AM

~snip~

KYC, KYC and KYC is the melody played in casinos. Additionally, governments are tapping their feet to the cadence. However, this is not the case for all casinos, merely a minority, though perhaps more. Consequently, it is somewhat perplexing, as if one were attempting to follow a recipe without all of the necessary ingredients

Some casinos are acceptable for low-stakes wagering. They are like, "No KYC here, pal." That is thoughtful of them. Then, however, big money players may have to perform the KYC dance, which is less cool, but still cool in a less cool manner

Consequently, where do we stand? Gambling, or not gambling, KYC? It's a bit like a jigsaw puzzle, except the pieces are made of jello and the box has no image. But fine, gamble if you want, or don't; the casinos are still there, for now

Yes, KYC will become a must for every gambler playing in crypto casinos, and we have to accept it even if we don't like it. The current situation has changed, and with the government's intervention, we, as crypto gamblers, cannot do much. We can only follow the rules of the casino, and if we can't accept them, we can look for other crypto casinos.

But we still have crypto casinos allowing us to gamble with small stakes and deposits. And so that we don't get asked to do KYC by the casino, we have to keep the bet small because if we use big bets or deposit big money, there is a possibility that we will be asked to do KYC. But that's up to each person.

It is similar to a requirement, something that we must complete. As you stated, the entire KYC requirement is now a necessity that cannot be avoided. However, I must add that the entire concept of placing small bets to evade KYC is similar to avoiding something that already exists. However, it is similar to averting in a manner that does not completely avoid it. KYC is coming, and it may not matter whether you make modest or large wagers in the end. I say this not to discourage you, but to encourage you to recognize that KYC is a requirement that we must embrace. It resembles a must that is even more essential than other musts.

Rabata

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Quote from: Stepstowealth on August 04, 2023, 02:25:39 PM

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Earlier gambling platforms did not require KYC. As a result, a gambler could easily keep him anonymous and gamble. But those benefits are slowly shrinking. Most of the gambling platforms now require KYC. Be sure to complete KYC on all sites that are reliable. Moreover, casino platforms emphasize on doing KYC directly. As a result, if someone is unwilling to do KYC, he may face a big problem at any time. I think your words have enough logic in that respect. There are still some casino platforms that do not require KYC. But in the future, those platforms may compel to do KYC.

maydna

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Quote from: slapper on August 06, 2023, 11:41:13 AM

Quote from: maydna on August 06, 2023, 10:55:22 AM

~snip~

KYC, KYC and KYC is the melody played in casinos. Additionally, governments are tapping their feet to the cadence. However, this is not the case for all casinos, merely a minority, though perhaps more. Consequently, it is somewhat perplexing, as if one were attempting to follow a recipe without all of the necessary ingredients

Some casinos are acceptable for low-stakes wagering. They are like, "No KYC here, pal." That is thoughtful of them. Then, however, big money players may have to perform the KYC dance, which is less cool, but still cool in a less cool manner

Consequently, where do we stand? Gambling, or not gambling, KYC? It's a bit like a jigsaw puzzle, except the pieces are made of jello and the box has no image. But fine, gamble if you want, or don't; the casinos are still there, for now

Yes, KYC will become a must for every gambler playing in crypto casinos, and we have to accept it even if we don't like it. The current situation has changed, and with the government's intervention, we, as crypto gamblers, cannot do much. We can only follow the rules of the casino, and if we can't accept them, we can look for other crypto casinos.

But we still have crypto casinos allowing us to gamble with small stakes and deposits. And so that we don't get asked to do KYC by the casino, we have to keep the bet small because if we use big bets or deposit big money, there is a possibility that we will be asked to do KYC. But that's up to each person.

Haunebu

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You are partially right in this case op. Most crypto gambling sites these days are enforcing KYC in some way or another due to regulatory pressure, but there are still a couple of sites out there that don't request any form of KYC.

This is why it is still possible to gamble anonymously though it's gotten a lot harder when compared to before.

yudi09

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Quote from: Yatsan on August 06, 2023, 10:16:56 AM

Quote from: yudi09 on August 06, 2023, 03:05:18 AM

Quote from: Stepstowealth on August 04, 2023, 02:25:39 PM

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Leave the casinos requiring KYC for each of their users as privacy is no longer maintained. The reason we choose their casino to play on the consideration of the anonymity provided to each player will be anonymous. If KYC has been implemented, then they have pushed away every player who wants privacy to be maintained and the next option is to look for another crypto casino that does not enforce KYC even though later every crypto casino operating in the territory of a legal country will implement KYC for reasons of obtaining licenses and so on.

Sort of. But we are free to move away as well if such thing does not fit for us. Some players are fine with it and I'm one of those gamblers. My reason? I'd rather comply with sharing some of my information to my trusted platform than to risk being scammed by other gambling sites who's compensation is to just not require KYC.

It's up to the player's personal decision to stick with casinos that change anonymity or look for other casinos that don't require KYC on players.
The purpose behind implementing KYC in a casino is not always negative. But every player feels it's natural to be careful with the identity they give out. I admit that by imposing KYC on players there is a positive side that will be obtained when players have problems withdrawing money and other problems that occur. I think there are players who are comfortable with that.
We are also aware that there will come a time when every casino will enforce KYC for the purpose of obtaining a license. That's the final choice that the company is forced to make.

Quote from: Yatsan on August 06, 2023, 10:16:56 AM

I've been playing for years and fortunately, nothing bad happened with my identity. Also, it has benefits as well such as against money laundering and limitation for people under age 18 to access this industry.

Hope everything will be fine.
We and all the players who play in casinos like that hope to be far from the risk of bad impacts.

peter0425

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Quote from: Stepstowealth on August 04, 2023, 02:25:39 PM

I was reading and I saw something that I would have agreed with before, but not anymore because of how much things have changed in the crypto gambling.

Quote

Faster and more secure transactions: Crypto transactions are processed much faster than traditional bank transfers, and they are also more secure.

Anonymity: Crypto casinos allow players to remain anonymous, which is appealing to some players.

Wider variety of games: Crypto casinos offer a wider variety of games than traditional online casinos.

More generous bonuses: Crypto casinos often offer more generous bonuses than traditional online casinos.

https://indiacsr.in/what-is-a-crypto-casino-meaning-advantages-and-potential-risks-explained/

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

of course you are correct mate , nowadays majority of casinos are asking for KYC and I think that is compliance to the countries restrictions and laws that brings them no choice to implement.
but also there are some casino that maintain their "NO KYC" rules and that savor other gamblers that wanted to maintain their anonymity .
but why not comply and maintain anonymous when you can gamble safer and enjoying in those who asks KYC?
I'm not saying that all KYC requiring sites are legit but at least we have proven already that there are more legit that we have been seeing in bitcointalk that asks the Know Your Client rules.

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Quote from: Outhue on August 07, 2023, 02:02:23 AM

There is no real decentralized online gambling platform, many people do not understand that once your Bitcoin leaves your wallet and is sent out to any online casino it's not more secured, every casinos are centralized and even if one doesn't ask you for KYC verification it still doesn't make such gambling platform decentralized.

I think NO KYC requirements from new online casinos are a strategy of finding many customers as soon as possible, they know it will attract some gamblers who don't like passing KYC for some reasons, but once they grow better and becoming more popular they will give out bad news that they have no choice but to compulsory KYC verifications.

If you are using a NO KYC casino right now, enjoy it while it last but I can promise you that things aren't going to stay the same for long.

yes in fact a lot of decentralized sites released free sites without KYC, they didn't really last long most of them disappeared and went bankrupt out of the business eventually because not everyone nowadays feels safe with casinos that don't have licenses let alone KYC regulations, although many oppose KYC for undermining anonymity in crypto gambling.

The new casino marketing strategy is always like that to attract people who hate the KYC regulations that exist in crypto casinos nowadays, but not many play and register there, because I often see them creating ANN threads on this forum and finally they leave, after all why worry about KYC many big sites don't require KYC for bets of hundreds to thousands of dollars as long as they don't play foul and try to break casino restrictions. just that

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Quote from: Stepstowealth on August 04, 2023, 02:25:39 PM

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

You're not wrong because that's really true. If the casino is regulated by the Government, sooner or later they will ask kyc to their gamblers. So those casinos claiming their site has "No Kyc" is just using it to attract many gamblers to play on their site. But after some time, as a centralized casino they still need to verify the identity of their gamblers as part of compliance to the regulation.

Though there's still casinos existing as decentralized, majority are now licensed. So if you play on these sites expect that they will ask kyc at anytime especially if you're a whale gambler.

benalexis12

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It seems that only a few casinos in the crypto space are implementing no KYC. Since most of them are gamblers, they accept to pass KYC to casinos when withdrawing money won in gambling. That means most gamblers now accept kyc in short, right?
Itp I also just noticed and it is happening in the reality today in this field industry, and probably because of the issues that we are hearing about that the money can't be released and to be able to withdraw you have to pass a kyc which appears that there is no privacy in reality. .

Outhue

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There is no real decentralized online gambling platform, many people do not understand that once your Bitcoin leaves your wallet and is sent out to any online casino it's not more secured, every casinos are centralized and even if one doesn't ask you for KYC verification it still doesn't make such gambling platform decentralized.

I think NO KYC requirements from new online casinos are a strategy of finding many customers as soon as possible, they know it will attract some gamblers who don't like passing KYC for some reasons, but once they grow better and becoming more popular they will give out bad news that they have no choice but to compulsory KYC verifications.

If you are using a NO KYC casino right now, enjoy it while it last but I can promise you that things aren't going to stay the same for long.

Kakmakr

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You need to look closely into the "jump start" phase of most of these NO KYC casinos that are entering the gambling scene. They will enter the market with big promises of "NO KYC" requirements, but as soon as they reach their target for users, they forget those promises and they start asking for KYC verification.

They know it will eventually happen, when they grow big enough to attract the attention of the regulators, but they still use that tactic. Just go back to all the "BIG" Crypto currency casinos that started out with "NO KYC" requirements and see where they are now. (Freebitco.in being one of them) Roll Eyes

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Quote from: Stepstowealth on August 04, 2023, 02:25:39 PM

I was reading and I saw something that I would have agreed with before, but not anymore because of how much things have changed in the crypto gambling.

Quote

Faster and more secure transactions: Crypto transactions are processed much faster than traditional bank transfers, and they are also more secure.

Anonymity: Crypto casinos allow players to remain anonymous, which is appealing to some players.

Wider variety of games: Crypto casinos offer a wider variety of games than traditional online casinos.

More generous bonuses: Crypto casinos often offer more generous bonuses than traditional online casinos.

https://indiacsr.in/what-is-a-crypto-casino-meaning-advantages-and-potential-risks-explained/

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

To my own understanding i think the implementations of the kyc system is the cause of this is a compulsory process required by most platform to provide a safe and secured space thereby requesting for some documents of their customers, before now the profiles of customers have been annoynimous making it easier for people to carry out fradulent activities and go free without any trace, their are people who violate the policies of a platform that deserved punishment like jail term but wasn't possible due to annoynimity but currently the cryptocasino through the help of blockchain technology have made it safer and easier to track down culprits and serve them justice.
However there are still some casino that has not adopted this syestem due to the fear of losing numerous customers but i think with time they'll have to option but to adopt it due to the pressure that would be mounted on them by the government to carry out the implementation of the KYC or risk losing their businesses

Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 11. (Read 1850 times)