Anonymity is no longer a benefit of gambling with cryptocurrency. - page 13.

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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 are not wrong the crypto gambling is totally a changed thing now. It was intended to be decentralized and anonymous but these days almost every casino requires KYC verification in order to be workable for a gambler. The real decentralized nature of crypto gambling is totally gone into dust and it will never be the way it was intended to be. Now a days crypto gambling is totally centralized and it requires KYC, and casinos know everything about the gamblers.

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Currently KYC is only being used to confiscate players funds. Things may change on September 1st since Curacao is overhauling their gaming laws. Right now there are 4 master licenses and all other casinos hold a sublicense. Each casino will now have to hold their own B2C license to offer gaming to individuals. We won't know until September how each casino will implement the strictness of KYC.

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Quote from: Eureka_07 on August 05, 2023, 12:06:29 PM

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

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

Well if you were not required to pass a KYC, that still benefits your gambling using crypto. But nowadays, that's becoming less and less likely to happen. These KYCs were become necessary due to most gambling sites are being regulated by some authority. Somehow it also provides legitimacy and some sort of security. I would agree, somehow, the sense of anonymity in gambling using crypto is decreasing, I believe because of casinos being centralized/regulated.

It's a thing of choice on how the gambling platforms want to operate their sites, some may demands for KYC while some my not, the mistake we often make is not to narrow our search for the one that best serves us right, it's not new to know that we are having fewer numbers of KYC casinos compared to the numbers of those that requires for KYC, government will definitely regulate any gambling platform whose identity is with them.

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

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

Well if you were not required to pass a KYC, that still benefits your gambling using crypto. But nowadays, that's becoming less and less likely to happen. These KYCs were become necessary due to most gambling sites are being regulated by some authority. Somehow it also provides legitimacy and some sort of security. I would agree, somehow, the sense of anonymity in gambling using crypto is decreasing, I believe because of casinos being centralized/regulated.

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Quote from: Eternad on August 05, 2023, 11:03:48 AM

Quote from: n0ne on August 05, 2023, 10:59:53 AM

Almost every services that accept cryptocurrencies were requesting the users to fulfill KYC. Earlier we've got decentralised gambling platforms like directbet which never requires a registration. During those days the anonymity of the gambling platform as well as the cryptocurrencies were well enjoyed. Now the cryptocurrencies were anonymous, but the gamblers to fulfill KYC keeps everything transparent. Over time things could change, as more gamblers prefer to stay anonymous.

I remember this website and their method is the really the anonymous casino in crypto because it only needs wallet to play by sending bets on designated betting address. The on,y problem on this system is the owner can run freely whenever he wants it since he has no legal commitment with his players since both party is anonymous.

I think directbet still have some settlements that is not paid before they stop the service. Those active bets during their closure is not paid.

That is one of the problem anonymity casinos always giving to anonymity players, there is always an element of atom in frauding or incompleted payment to gamblers. According to some casino T/C KYC is to fast track the payment of the gamblers wins but there are some casinos who withheld players win when they have provided all the documents to clear themselves.
I think there are many accusations in the forum concerning this KYC issue. So from what even discovered, it is not even the KYC is the problem but the casinos genuineness is also needed in their dealing with the players. Now casinos would say without KYC they can't pay the player, okay the player provides the KYC yet the casino would bring another grammar to stop the payment process. So the problem is not KYC.

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Quote from: Eternad on August 05, 2023, 11:03:48 AM

Quote from: n0ne on August 05, 2023, 10:59:53 AM

Almost every services that accept cryptocurrencies were requesting the users to fulfill KYC. Earlier we've got decentralised gambling platforms like directbet which never requires a registration. During those days the anonymity of the gambling platform as well as the cryptocurrencies were well enjoyed. Now the cryptocurrencies were anonymous, but the gamblers to fulfill KYC keeps everything transparent. Over time things could change, as more gamblers prefer to stay anonymous.

I remember this website and their method is the really the anonymous casino in crypto because it only needs wallet to play by sending bets on designated betting address. The on,y problem on this system is the owner can run freely whenever he wants it since he has no legal commitment with his players since both party is anonymous.

I think directbet still have some settlements that is not paid before they stop the service. Those active bets during their closure is not paid.

We all want to maintain the anonymity of our identities especially in gambling but it is unavoidable nowadays because even huge casinos are requiring it. We can't run away from it unless we are willing to play in small time but non reputable casinos just to stay away from KYCs which I think is riskier because we might fall for scam casinos trap which we should b careful about.
As for me, it is already part of the security system and we only have to comply with it as the innovation of technology really requires it. So far, I haven't heard any news of getting our personal information being put at risk. So as early as possible, no matter what casino we may choose, we better expect KYC and just comply with it. As long as we're in a trusted casino site, our identities are actually safe.

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Quote from: n0ne on August 05, 2023, 10:59:53 AM

Almost every services that accept cryptocurrencies were requesting the users to fulfill KYC. Earlier we've got decentralised gambling platforms like directbet which never requires a registration. During those days the anonymity of the gambling platform as well as the cryptocurrencies were well enjoyed. Now the cryptocurrencies were anonymous, but the gamblers to fulfill KYC keeps everything transparent. Over time things could change, as more gamblers prefer to stay anonymous.

I remember this website and their method is the really the anonymous casino in crypto because it only needs wallet to play by sending bets on designated betting address. The on,y problem on this system is the owner can run freely whenever he wants it since he has no legal commitment with his players since both party is anonymous.

I think directbet still have some settlements that is not paid before they stop the service. Those active bets during their closure is not paid.

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Quote from: Agbe on August 05, 2023, 10:44:41 AM

From the article explanation, and the way I understand it, it is cryptocurrency that is decentralized and anonymity and not the casino. The casino only accept cryptocurrency to their to enable the players to play games and when they win cryptocurrency would be send to their gambling accounts for them to make a transfer to their wallets and if they loss the coins would be taken by the casino, so the anonymity is not found in the casino and KYC came removed anonymity. In these days, almost all the casinos are asking for KYC. And not only casinos also exchanges.

Almost every services that accept cryptocurrencies were requesting the users to fulfill KYC. Earlier we've got decentralised gambling platforms like directbet which never requires a registration. During those days the anonymity of the gambling platform as well as the cryptocurrencies were well enjoyed. Now the cryptocurrencies were anonymous, but the gamblers to fulfill KYC keeps everything transparent. Over time things could change, as more gamblers prefer to stay anonymous.

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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.

No- you are not wrong given that majority of the gambling websites require KYC as a pre-requisite for their registration.

Even if this may be the case, there are still some gambling websites that do not require KYC as a condition for registration. Though you somehow run on the risk of such gambling website being genuine or not.

Personally, I would prefer to submit my KYC documents to a designated gambling website that is authentic and genuine. This will at least give me that sense of security and peace of mind that even if they have my personal information, I am confident that they will keep it secured and private without any chance of breach on their part.

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From the article explanation, and the way I understand it, it is cryptocurrency that is decentralized and anonymity and not the casino. The casino only accept cryptocurrency to their to enable the players to play games and when they win cryptocurrency would be send to their gambling accounts for them to make a transfer to their wallets and if they loss the coins would be taken by the casino, so the anonymity is not found in the casino and KYC came removed anonymity. In these days, almost all the casinos are asking for KYC. And not only casinos also exchanges.

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Quote from: Synchronice on August 05, 2023, 07:12:23 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.

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

Usually, you are asked to provide KYC documents when you win a lot and try to withdraw. But there is a way to avoid KYC verification.
If you are a regular gambler, you'll definitely notice that you are in debt and you have never won more than what you have lost in casino. So, if you deposit 1 BTC, win another BTC and plan to withdraw 2 BTC, if you are an active gambler or just a gambler, more likely after some days or weeks, you'll come back and deposit another 1 BTC, then you'll more likely lose this 1 BTC and you probably deposit another 0.5BTC or 1 BTC. Finally, you are spending back what you have won. 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.
If you care about winnings and think that you are not going to lose what you have won, then just simply don't gamble and do some other activities.

I take that you're advocating leaving the winnings in the account to circumvent KYC? Well, thats certainly one strategy to consider. To put it another way, wouldnt that be like giving the casino a pistol and telling it not to fire?

The home always has the upper hand, that much is true. I mean, it must be how they erect all those glitzy hotels in Sin City. But, and hear me out on this, what if you struck it lucky? If you accidentally caused major damage to the house, what would happen? I all, with that big of a win, wouldnt you want to cash out?

Gamble with the money you've earned, yes. Keep some aside in case of emergencies, though. Yes, its OK if KYC comes knocking. Is that too much to ask for the possibility of success?

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I think there are still casinos that doesn't require you to do KYC, but I guess most of them are "unregulated" casinos without any license. So, if you want to play without KYC, you will most likely need to play in a casino that has no license, and the risk is high. If they scam you, there is no one you can report and you most likely will get no help at all. And then there is a chance that those casinos might be doing some illegal stuffs and you might end up getting trapped.
But yeah, there are also "decentralized blockchain" casinos where I don't think so you need to do any KYC or anything. Don't know much about it, so do your own research.

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Quote from: Bitcoin_people on August 05, 2023, 06:52:02 AM

There are still many casino platforms that do not require KYC, but nowadays most casino platforms request KYC. Most crypto casinos today are centralized which is why KYC verification of customers is done. But there are many casino platforms which do not verify KYC but they ensure all the benefits to the players. Although there are some casino platforms that do not require KYC for small withdrawals, players are asked for kyc for larger amounts. There are only some platforms where casinos ask players to verify this kyc when they win a large amount of money, but I think it's not bad if it's convenient and safe for a player.

Most of these casinos are mandated by the government to ask customers for KYC. The only way to determine if the casino requires KYC is to read the terms of service. This document will contain information about government policy and how the casino handles withdrawals from bettors. Some of these casinos might claim they don't require KYC but when the gambler wins big, they might start asking for personal information.

Quote from: Synchronice on August 05, 2023, 07:12:23 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.

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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.

- For responsible gamblers it never crosses their mind that gambling is a steady income. For gamblers who say that this can be a steady income, there are only two reasons, either they are good at cheating in a casino or they control their luck even though that is impossible.

The more a gambler thinks it's a steady income, the more they lead to addiction to it without noticing it in themselves and that's what really happens for a long time.

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Quote from: Oshosondy on August 04, 2023, 02:34:23 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,

I don't repudiate the idea of KYC requirements by crypto gambling sites as in essence there have been cases where KYC have salvaged gamblers accounts from intruders and hackers.

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there are still few that require no KYC though for low amount withdrawal.

But then this part of your statement caught my interest, like what difference does it make not requesting KYC for low amount of withdrawal but request for a high amount of withdrawal. If a gambling site claims to be totally decentralized land no KYC let them be entirely and not in a cloak based on amount.

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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.

It's true that most casinos ask for KYC verification when making larger withdrawals, but it's not all of them. There are still some casinos that are open for everybody and you don't have to worry about giving out personal information. For me KYC is not such a big deal anymore because I got used to it and can understand that casinos want to seem more legit. Gambling laws are quite strict in some countries and even banned in other countries, with KYC is one of the best tools for casinos to protect themselves. A few years ago it was no problem for a website to ban people from one country to access it. However, since then almost every third video on YouTube promotes VPNs. Everybody I know has used VPNs in the past and with that you can get around any gambling restrictions. Would only be fair for the internet to not be so secret anymore.

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Quote from: decodx on August 05, 2023, 09:07:00 AM

Quote from: mindrust on August 05, 2023, 08:16:17 AM

One by one all the exchanges and casinos became pro-KYC businesses. Kucoin and freebitco.in also joined this freak show not long ago. These were the only never-KYC businesses I know and now they are also doing KYC. (freebitco.in says nothing has changed but for some reason I don't really believe this)

As far as I know, Kucoin hasn't been "never-KYC" for a very long time. They officially implemented KYC since November 2018. Until recently, they had a 24-hour withdrawal limit for non-KYC customers. (source) Now, KYC is mandatory for everyone.

Regarding Freebico.in, I'm still a non-KYC user, so I'm not entirely sure about the exact changes that have taken place. It's possible that the introduction of KYC was solely for the purpose of detecting and deterring cheaters.

Until now I have been doing well with kucoin, I have not yet had the need to give my KYC but they already told me in the emails and it is something that I do not like at all, but what can I do now, this is one of the Exchanges that have a fairly good reputation and it has not failed me , I have been Aware of this exchange since it launched and it has done well for me, in freebitcoin I did not like what they did, it is no longer a completely anonymous site , I am sure that some users of the This site will want to go, for me it is one of the most famous in gambling worldwide and that is something that they can lose thanks to those regulations, but I still like it that way and I have no problem giving my kyc now, it is a platform that is worth it , I like to play there, they are very Responsible and the withdrawals are Immediate.

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Quote from: Solosanz on August 05, 2023, 08:53:37 AM

Gambling is taboo and some company usually not want to accept an employer which is also a gambler due to many bad news around.

Gambling is not a taboo for everyone. Those who hold tight to religion are those who don't want to associate with it or anyone who is gambling and they equally train their children in such religious way like they saw it in the bible. If such people open a company they may not like to recruit those who gamble or smoke just in obedience with the religious way of life but for those that don't follow religious doctrine, it is not a taboo for them.

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Quote from: mindrust on August 05, 2023, 08:16:17 AM

One by one all the exchanges and casinos became pro-KYC businesses. Kucoin and freebitco.in also joined this freak show not long ago. These were the only never-KYC businesses I know and now they are also doing KYC. (freebitco.in says nothing has changed but for some reason I don't really believe this)

As far as I know, Kucoin hasn't been "never-KYC" for a very long time. They officially implemented KYC since November 2018. Until recently, they had a 24-hour withdrawal limit for non-KYC customers. (source) Now, KYC is mandatory for everyone.

Regarding Freebico.in, I'm still a non-KYC user, so I'm not entirely sure about the exact changes that have taken place. It's possible that the introduction of KYC was solely for the purpose of detecting and deterring cheaters.

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Quote from: noormcs5 on August 05, 2023, 08:40:18 AM

I understand that casinos have our KYC data and they know who are we but still, there is Anonymity because this data is not publicly available.
The online casino sites will never disclose this data unless really required by the authorities, so technically no one knows who we are except the owners of the gambling sites.

Think that you go to a physical casino and a friend of yours or family members see you going to the casino. However, with online casinos, you can hide that you ever gambling and no one will ever know about it. So the Anonymity factor does exist in online gambling with cryptocurrencies.

Yeah, it may not be 100% anonymous, but it's really help for people who're not want people around him know if he's a gambler.

Gambling is taboo and some company usually not want to accept an employer which is also a gambler due to many bad news around. They're forget if not all gambler are want to make money, they just gamble for fun and it will not cause any problem because they know about self control.

Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 13. (Read 1842 times)