Anonymity is no longer a benefit of gambling with cryptocurrency. - page 14.

noormcs5

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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.

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.

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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, I don't you are wrong to think the way you think, and for the fact that majorly every crypto casinos today now have the ability of asking any player to go through KYC verification with them, that I think, validates your thinking, but I don't know how or why we mostly refer to online casinos as crypto casinos alone , when most of this casino do have fiat deposit system in place, and some also have fiat withdrawal system specially for some countries .

Coming back to the issue of KYC, in as much as many of us still frown to KYC , i personally will not blame the casinos, the level of crimes going on on the internet this days calls that every business that is online based should try and know who their customers are, and i know that some crypto casinos naturally wouldn't have cared, but regulatory laws still compel them to make KYC mandatory, most especially for customers under some kind of suspicion, so i guess we all just have to take things the way we see it, most especially if we are not in the position, or have not the ability to change it .

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Quote from: _act_ on August 05, 2023, 07:02:22 AM

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.

Yep, most of the casinos with License has such obligation because they need to comply AML regulation but it doesn't mean it happens only when the amount of withdrawal is big, it happens for any amount if their security triggers that there is something suspicious about the user based on their history and it varies from one to another. So if they are choosing a centralized service then the KYC is becoming inevitable even for crypto users.

Still there are some which has no KYC at all : Information of Crypto Casinos License and KYC requirements, but don't forget to DYOR.

mindrust

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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)

Only p2p trades will be anonymous and you will do such trades either face2face or on a forum like bitcointalk... Nowhere else left to go for us. KYC killed a part of crypto... Sad af.

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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.

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.

bittraffic

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^
You're basically just saying withdraw small amount so casino will not asks for your KYC. Thats hoping they will actually not ask but in the future even when you are just withdrawing 0.05 they may be asking for your data. You are right about it though. I don't have huge funds in my accounts so stake is not asking my KYC.

But the best solution avoid KYC is to justplay on decentralized casino. The problem however is you just don't know when they will start scaming.

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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.

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.

_act_

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Quote from: Darker45 on August 04, 2023, 10:31:08 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.

Quote from: Darker45 on August 04, 2023, 10:31:08 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.

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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.

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Quote from: Helena Yu on August 05, 2023, 05:23:10 AM

But if you gamble in offline casino, you need to reveal your identity, other gamblers will know your face, they will pay attention with your car, how much you bet, your friend, your body etc. Which make many people aren't comfortable.

Of line betting and online are not the same thing. Of line betting is usually with fiat which already has no secret involve in it especially when you are betting very small amount. People who bet huge with fiat do that in secret either they are betting only in the presence of the manager in his office which can be allowed or they bet from their phone online with fiat but there is something with cryptocurrency especially bitcoin. People don't like to expose themselves on how rich they are in bitcoin or crypto. You can't compare the value of cryptocurrency to fiat and exposing yourself to how much you have in bitcoin is risky

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

I'd see some gambling sites offer no KYC but something to be aware of is that once you withdraw huge amount, they'll asking you for KYC verification.
Which I think that it was a trick to let a gambler registred their platform and in soon they will ask for KYC to complete any transactions.

Well, that is know that it was already a standard procedure for any gambling sites now and in order for them to be legal, the government had also advice to do so as this will help to prevent fraud and illegal transactions.

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Quote from: Reatim on August 04, 2023, 11:33:09 PM

Quote from: yahoo62278 on August 04, 2023, 08:59:14 PM

Quote from: Alphie12 on August 04, 2023, 05:42:01 PM

Casinos that do a lot of KYC are more likely to steal your money than casinos without KYC. Casinos use KYC as a reason not to pay.

Some casinos have been accused of this, but I think well established casinos have much more at stake and are not worried about stealing $1-10k from their players. I'm guessing those that are hit with the KYC and get funds confiscated were probably doing something the casino prohibits. Multi accounts, arbitrage betting, abusing bonuses, or something that violates terms.

There are offenses that I agree players should be punished for but this thread is not about that.

But eventhough , if someone who are not aware of how to claim their cases or where to accuse such casino will end up losing the battle and I think most casino tries to act such way , if the players knows where to put there issues then they will be resolved but those who are not? then sorry for their losses.
though Of course there are still good reputable casino that only act asking KYC for security and for laws and nothing extended .

and also good sight in this matter mate because lets admit that this is truly happening maybe not everytime but still exists.

The bottom of the argument is that, as soon as you settle to use a casino, you should be willing to get through with all their rules this is because those rules will apply to you while you play for them, what I prefer to do most times is to first of all look at the terms and conditions of the casino and if they have KYC I will try to pass through them and verify my accounts at the point of opening.
So that in the future when u have a need it won't be a problem at that time and that is the most prominent thing to do in most cases because if you are triggered by the casino to do kyc it may become hard for you at that point but if you already have your KYC done it will be less very easy for you to operate freely in the casino and being able to withdraw any amount.

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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.

While you are right at your point but unlike exchanges, there are still few reputable casinos left which do not need KYC details.
At least upto a certain limit they won't ask for KYC details for gambling on their platform.
For the time being, anonymity is still a benefit in gambling.

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Quote from: robelneo on August 05, 2023, 04:44:34 AM

Casinos prefer to be compliant with what the government asked of them than satisfy the needs of the Crypto gambling community, compliance that the money coming into casinos is clean money and not dirty money coming from hacking and scamming, and its also part of the terms of their license issuer.
No KYC will attract a lot of players which is some casinos implement this for small players but if there's a big amount involved that's where KYC will be implemented.
We cannot do away with KYC it's the casinos' protection, all we can do is find reputable casinos that we can trust with our sensitive information and will not use the KYC features to scam people.
I've seen casinos using failed compliance to KYC coming from their users to withhold their earnings and this is not good.
This is the reality of playing in Crypto casinos we have to do KYC along the way and the documents should be valid and will pass to what the casinos are asking.

If they don't comply then there operation became illegal that's why its good that reputable casino did that KYC thing just to make things legitimate to them and they will not be flagged by government since it can ease our worries about their legalities for doing that actions. Although KYC still a main concern by others but for sure majority can accept this and anonymity is not a main concern on casino since many people will get used to this new implementation made by legit casinos.

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Most of people don't care about anonymity, but they're care with the risk of their life.

When you gamble in online casino and submit your KYC, only the team behind casino know your face, your location, your wealth etc.

But if you gamble in offline casino, you need to reveal your identity, other gamblers will know your face, they will pay attention with your car, how much you bet, your friend, your body etc. Which make many people aren't comfortable.

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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.

Well, the crypto gambling space is a wild west as someone said a long time ago. Many people would like to see crypto gambling more regulated, but with that, we can expect more rules.

There's still anonymity in crypto casinos, at least for all of us who gamble small amounts... but I doubt that we can see some general update that will cover all crypto casinos. I don't like to read ToS and I rarely do it, except when I have some issues, but before registering in some casino I am already aware of their basic rules... doesn't matter if I saw that info here on the forum in their ANN thread or from the BTCGosu review page. With that said people should check for some basics, if they didn't already, before registering in any crypto casino.

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Casinos prefer to be compliant with what the government asked of them than satisfy the needs of the Crypto gambling community, compliance that the money coming into casinos is clean money and not dirty money coming from hacking and scamming, and its also part of the terms of their license issuer.
No KYC will attract a lot of players which is some casinos implement this for small players but if there's a big amount involved that's where KYC will be implemented.
We cannot do away with KYC it's the casinos' protection, all we can do is find reputable casinos that we can trust with our sensitive information and will not use the KYC features to scam people.
I've seen casinos using failed compliance to KYC coming from their users to withhold their earnings and this is not good.
This is the reality of playing in Crypto casinos we have to do KYC along the way and the documents should be valid and will pass to what the casinos are asking.

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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.

This means that the promises are not true. When they promote anonymous gambling, it should be understood as a general implementation for the industry. Maybe there are gambling sites that do not require KYC at the beginning, but later on, they'll require it, which would break the promise they are promoting. Therefore, they better not use the words 'anonymous gambling' as it does not truly exist nowadays.

Personally, I enjoy gambling anonymously now, but I'm not confident it will last longer as I already know the trend. One thing to remember is that as crypto is being embraced more by the people, regulators will try to make sure that everything is monitored through their regulations.

REGULATION ===> ANONYMITY!

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KYC verification in crypto casinos has now become like an obligation that must be fulfilled by every member. We also don't need to be surprised because this is all due to regulations from the government who want to know who are crypto casino users and how much money they use to gamble at crypto casinos.

And it seems that every casino should update the information on their site so that everyone who visits the casino can read the changes in the casino. And this can also give them a warning that playing gambling using crypto doesn't mean they can hide their identity. So everything will be their responsibility in playing gambling at crypto casinos.

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This is unavoidable since governments/organizations are concerned about unlawful activity and owners do not want to be involved in it. At the very least, we are only recognized by the owners or teams in charge of handling information, not the entire community of that gaming site, and won't be shared elsewhere. I don't need to be concerned as long as the site is reputable.

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