Anonymity is no longer a benefit of gambling with cryptocurrency. - page 12.

QueenVera

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Quote from: Stepstowealth on August 04, 2023, 03:25:39 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

poodle63

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Quote from: slapper on August 06, 2023, 12:41:13 PM

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

KYC is not a mandatory if governement was not pushing casino to be compliant with regulation. Government was the strongest entity that exist and controlling everything.

Quote from: slapper on August 06, 2023, 12:41:13 PM

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

Small money rarely related to the money laundering while the big amounts potentially related to the money laundering. There's nothing wrong in implementing KYC to comply with the regulation. I do understand KYC is not a cool thing for you.

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Quote from: slapper on August 06, 2023, 12:41:13 PM

Quote from: maydna on August 06, 2023, 11:55:22 AM

Quote from: yudi09 on August 06, 2023, 04:05:18 AM

Quote from: Stepstowealth on August 04, 2023, 03:25:39 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.

In the future, all casinos will ask their users to do KYC because of government interference. And when that happens, we won't be able to play gambling at crypto casinos without doing KYC. But hopefully, at that time, there will still be casinos that allow their users not to do KYC and don't make KYC an obligation that all gamblers must fulfil. And only gamblers who use the money over the limits set by the casino should do KYC. And we should be grateful that several trusted casinos still do not implement KYC on all of their members, especially members who only play gambling with small money. Hence, the casinos still allow us to play gambling at the casino.

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

Whether we do like it or not then they would definitely be making out those kind of alterations when it comes into their decisions and we us users or gamblers would neither be complying or not on what they have set out. Yes, there are still a few which we could still able to play without needing those KYC but these would really be only into us small fries but on the time that you are already that making up huge deposits or big bets then this is where things becomes messy as if these platforms would really be starting on asking out those verifications yet not shocking since they are centralized platforms or regulated ones in the first place.

They might be offering those non kyc at first but it would eventually make out those changes on certain conditions.If this one doesnt suits out your taste then better not to play at all.
Sooner or later then most of them would really be going in line with government rules and conditions when it comes to these kind of approach. Its true that there are still other options that we could
deal with but in my part then i dont see myself on having a problem with this since i dont really make out huge deposits or simply not a huge amount gambler.

slapper

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Quote from: maydna on August 06, 2023, 11:55:22 AM

Quote from: yudi09 on August 06, 2023, 04:05:18 AM

Quote from: Stepstowealth on August 04, 2023, 03:25:39 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.

In the future, all casinos will ask their users to do KYC because of government interference. And when that happens, we won't be able to play gambling at crypto casinos without doing KYC. But hopefully, at that time, there will still be casinos that allow their users not to do KYC and don't make KYC an obligation that all gamblers must fulfil. And only gamblers who use the money over the limits set by the casino should do KYC. And we should be grateful that several trusted casinos still do not implement KYC on all of their members, especially members who only play gambling with small money. Hence, the casinos still allow us to play gambling at the casino.

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

maydna

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Quote from: yudi09 on August 06, 2023, 04:05:18 AM

Quote from: Stepstowealth on August 04, 2023, 03:25:39 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.

In the future, all casinos will ask their users to do KYC because of government interference. And when that happens, we won't be able to play gambling at crypto casinos without doing KYC. But hopefully, at that time, there will still be casinos that allow their users not to do KYC and don't make KYC an obligation that all gamblers must fulfil. And only gamblers who use the money over the limits set by the casino should do KYC. And we should be grateful that several trusted casinos still do not implement KYC on all of their members, especially members who only play gambling with small money. Hence, the casinos still allow us to play gambling at the casino.

Yatsan

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Since this is regarding anonymity, there are still gambling platfprms which does not require KYC procedures as we all know. And technically anonymity is still there 'coz your information would be between you and the platform alone and still not with publicity.

Quote from: yudi09 on August 06, 2023, 04:05:18 AM

Quote from: Stepstowealth on August 04, 2023, 03:25:39 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. 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.

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Quote from: Oshosondy on August 04, 2023, 03:34:23 PM

You are not wrong, but there are still casinos that requires no KYC, more of them will later request there customers for KYC verification. Nearly all the crypto gambling sites of today are centralized. Although some are claiming to be web3 which you can connect your noncustodial wallet to, which are not centralized. But as for centralized gambling sites, we should not think of them as no KYC gambling sites, there are still few that require no KYC though for low amount withdrawal.

It is true that many cryptocurrency casinos are centralized and almost accepting KYC as compulsory but there are still few which are very much anonymous but the government is seriously after them.

Crypt0Gore

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It's at owners risk, anonymity isn't the only thing that casinos take away from Bitcoin owners, moving your Bitcoin from your wallet to casinos wallet makes you a centralized puppet too, but there is nothing we can do here, everyone is entitled to how they use their Bitcoin anyway even if it's the most decentralized digital currency till date, but since Bitcoin gives that freedom so its left for users to do as they like with their Bitcoin.

For KYC requirements, we have discussed this so many times on this forum already, reputable online casinos need your KYC information to keep saving their business from the centralized penalties that gave them access to keep running, it's not about stealing users data, sigh! It's boring to keep having this discussion over again.

You need to run your own casino without KYC verification first to prove that it's not needed, even those few casinos that started with no KYC requirement end up asking now because they are getting more popular and successful, they don't want to face panel.

Synchronice

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Quote from: decodx on August 05, 2023, 09:14:44 AM

Quote from: Synchronice on August 05, 2023, 08:12:23 AM

So, just leave the balance on your account, don't withdraw, just gamble from the balance that you have because that's all you can, you can't beat casino and come with winnings, otherwise casinos wouldn't exist. So, just leave the balance as it is, come back days or weeks later, gamble and repeat. This way, you'll avoid KYC verification while still be able to gamble anonymously.

This is such bad advice on so many levels. Regardless of KYC, the same principle applies as with centralized exchanges: one should never hold significant amounts on any online casino or any other online platform. And if you still believe that your advice holds merit, consider explaining it in light of recent events related to the Betnomi platform and its customers, for instance.

You have to be smart when you choose casino. How could one gamble on Betnomi after such a shady accident?. If you can't do research yourself, then stick with casinos like Stake or sportsbet, they won't do an exit scam, they are enormously huge, popular and wealthy for that.
You totally misunderstood what I wrote, I don't suggest anyone to hold a lot of money, please re-read my post.

Quote from: Zlantann on August 05, 2023, 11:01:54 AM

Quote from: Synchronice on August 05, 2023, 08:12:23 AM

So, just leave the balance on your account, don't withdraw, just gamble from the balance that you have because that's all you can, you can't beat casino and come with winnings, otherwise casinos wouldn't exist. So, just leave the balance as it is, come back days or weeks later, gamble and repeat. This way, you'll avoid KYC verification while still be able to gamble anonymously.

Just like centralized platforms, it is not advisable to keep much funds in a casino platform because you want to avoid providing KYC. If you are not comfortable with a casino that asked for personal information, the best option is to seek any other one that is less stringent regarding KYC. But the truth is that most reputable casinos asked for KYC, but some are less stringent than others.

I'm saying that if you are an active gambler, there is a very high chance that you won't beat casino and overall, you'll be in loss. So, if you are going to gamble over and over again, there is no point to withdraw those coins because of KYC. Just leave them and gamble when you visit casino next time. I see no point in withdrawing of 1 BTC and then depositing it again when you know you'll lose.

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Quote from: Stepstowealth on August 04, 2023, 03:25:39 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.

davis196

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Quote

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.

Many people had the misconception that crypto gambling is somewhat better than fiat gambling, mostly because of the idea that crypto brings more privacy and anonymity. In reality crypto gambling is no different than fiat gambling. The only difference are the payment methods.
The crypto casinos don't ask for KYC because they desperately want your private data. They are asking for KYC, because they have to fight money laundering. If a casino gets caught in a money laundering scheme, the casino owner will have big problems.
Nowadays most shady crypto casinos ask for KYC only to use it as an excuse to block the gambler and refuse to pay his winnings.

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Quote from: Chikito on August 05, 2023, 11:16:53 PM

Most of what I know, every casino out there doesn't want to know who played on their casino. because it doesn't important who and where, the casino only cares about you play with comfortably, because of that they want to know by KYC, the rule in every country is to limit that, and won't under age play and enjoy your casino. I think if the government does not restrict "must KYC", all the casinos here don't require it.

Won't under age play and enjoy casino? I hope that is not what you mean. You need to edit your post because that is what that post means.

Casinos wants their customers to play comfortably and the reason they want KYC? No.

I think if the government does not restrict "must KYC", all the casinos here don't require it? Are you serious with this your wrong information. Government does not restrict 'must KYC. The government are the ones encouraging KYC because of AML and CTF purposes.

Chikito

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Quote from: Stepstowealth on August 04, 2023, 03:25:39 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.

Most of what I know, every casino out there doesn't want to know who played on their casino. because it doesn't important who and where, the casino only cares about you play with comfortably, because of that they want to know by KYC, the rule in every country is to limit that, and won't under age play and enjoy your casino. I think if the government does not restrict "must KYC", all the casinos here don't require it.

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Quote from: serjent05 on August 05, 2023, 06:36:45 PM

Quote from: Hamphser on August 05, 2023, 05:54:09 PM

-snip-

I also think that the only path for crypto casinos is to be regulated by the government. Since the majority of crypto casino are using a centralized service of the game providers, they will end up implementing KYC for account verification purposes and to comply with the regulation's rule. I also think that those who are yet to mandatory implement KYC will be bind by this requirement sooner or later. As long as the business is owned by a company, it has to be registered and needs to follow the regulatory rules.

In the long term whether it's long or not but I feel also in the future all gambling sites will require KYC verification and this will be the rule every gambling site must follow.
Not only is it a matter of licenses but also the local government which has legality laws against the gambling industry.
But I'm still a little thinking what it will be like for all of them gamblers who don't like KYC and always prioritize Anonymity, will they also comply with mandatory KYC rules or will they leave gambling sites because of maintaining anonymity.

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Quote from: _act_ on August 05, 2023, 08:02:22 AM

Quote from: Darker45 on August 04, 2023, 11:31:08 PM

It still is, but you will have to look for that platform that doesn't require KYC. At this point in time, though, you're like looking for a needle in a haystack to find one. Most have KYC phrases in their terms and conditions already. But I guess the likes of Anonibet remains anonymous for gamblers. However, with anonymous platforms being very few, you cannot be very picky as to your preferred features. You don't have much choice.

Let me tell you something, you need to read the terms and conditions of the gambling sites regarding KYC. You may see the gambling sites saying that they do not require KYC, but go to their terms and conditions to find out. All of the gambling sites that I know have a limit when they will ask for KYC if the money you want to withdraw exceed the withdrawal limit for each transaction.

Of course, after all, is there any other way to verify whether or not that said platform truly doesn't ask for KYC? We've always been told to not just trust right away but verify.

In any case, if you haven't come across Mahdirakib's Information of Crypto Casinos License and KYC requirements yet, it offers a list of crypto casinos and whether they have KYC stipulations in their ToS or not.

Quote from: Darker45 on August 04, 2023, 11:31:08 PM

With the development of gambling platforms though, web3 features such as connecting your own crypto wallet is already in place. You don't have to make a deposit anymore. So that's something provided by crypto gambling platforms that's probably anonymity-friendly.

This is the only better option that remains, but they do not support bitcoin.

Unfortunately, yeah, but I think it's probably just a matter of time before Bitcoin wallets could be connected to crypto casinos and betting sites.

Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 12. (Read 1740 times)