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Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 16. (Read 1740 times)

hero member
Activity: 2828
Merit: 575
Leading Crypto Sports Betting & Casino Platform

 
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.

This has something to do with compliance something a casino needs to continue to operate in many countries so they can do their business without questioning their legality, They need a license for their operation and to make sure that their platform is not being used for money laundering and any illegal activities.
There is nothing to be changed in the way casinos operate we are all good at this if you're not comfortable with this then you need to play on a decentralized gambling platform where you connect your wallet to play.
legendary
Activity: 2520
Merit: 2853
Top Crypto Casino
There are still casinos which are KYC-free for certain players especially small time players.
However, you need to be careful in sending your funds to any casino, as the reputation is still important in choosing which casino to play with.
Anonymity may not be true to most casinos these days, but if you are using crypto to deposit, I don't think your government will lurk into your gambling activities.
But you still need to check your gambling protocols, so as not to have trouble with the authorities, when it comes to accessing these sites.

You got me wrong. I am not worried about my government knowing about my gambling activities. It's legal here.
This is not the point. What I meant is if you make a crypto deposit, only the casino and no one else will know who made it (in case you have verified your identity). This is why I said it's still better than using traditional payment methods. Crypto casinos do not provide anonymity anymore (except few of them) but they still provide a little more privacy compared to fiat casinos.
jr. member
Activity: 131
Merit: 2
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.
legendary
Activity: 1610
Merit: 1127
You are 100 percent correct. The information on the internet might need to be updated because the majority of platforms' adoption of KYC verification has substantially affected the anonymity aspect of playing at bitcoin casinos. Players who employ KYC procedures must verify their identity, therefore using bitcoins for gaming no longer entirely makes them anonymous.
Despite some casinos claiming not to impose KYC on customers, when significant amounts are involved, they suspend accounts and demand identity verification. Therefore, gambling platforms remain centralized, requiring users to disclose their identities, which means the industry is impacting the privacy of cryptocurrency users.
legendary
Activity: 2968
Merit: 1095
Leading Crypto Sports Betting & Casino Platform
the instant all casinos started having licenses things changed, i believe the license provider forces casinos to sin kyc, now something we should all be asking ourselves is what would happen if a casino had a license and never asked their customers did kyc? how would the license provider know that casino X, Y and Z are not asking for kyc if the license provider does not periodically inspect the casinos? I confess that I've spent days wondering about this, since I've been doing sports betting I've never read any news saying that the government of curacao has started an inspection campaign for all casinos that have a license issued by that country

so I don't understand what makes certain casinos even force people to do kyc when they have a small withdrawal of money, it doesn't make much sense to me because money launderers don't waste time laundering little money and they don't use casinos, they have a mixer for that purpose, so in my opinion the kyc in crypto casinos seems unnecessary, but as the rules must be respected so when I want to use a casino I put my real data and do kyc, some people said that there are casinos that do not ask for kyc, but even so, people are required to put real data when they are creating an account

also people don't use vpn and even when they do most of the time there is a problem with the casino, even when it's a casino that says it won't ask for kyc, so there's no such thing as anonymity in casinos anymore, we all have to put real data, avoid vpn and keep praying that they are not asking for a lot of documents, like the case of proof of funds, which is the biggest headache when doing kyc
legendary
Activity: 2646
Merit: 1176
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.



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 don't even think it's true that crypto casinos are offering better bonuses than fiat currency casinos, it would be nice to see some sort of evidence on the subject instead of a baseless claim. They definitely have a lot of money to throw around, so it isn't impossible, but you'll tend to find that fiat casinos have a much wider customer base and that gives them a wider ability to "give away" promotions like that because it's easier for new customers to sign up. Anonymity was never going to survive very long if Bitcoin is to enter the mainstream more and more, financial regulators will not and cannot allow that to happen, because it undermines the whole tax collection system among many other things.
hero member
Activity: 2716
Merit: 588
Regarding updating those articles where anonymity is being advertised as one of crypto casinos advantages, then I agree with you. This is no longer valid.
However, using cryptocurrencies still has some advantages over traditional payment systems when it comes to privacy and anonymity.
For example, if you use bitcoin to make a deposit or a withdrawal, your bank will not know about it, unlike when using your credit card or your bank account.

There are still casinos which are KYC-free for certain players especially small time players.
However, you need to be careful in sending your funds to any casino, as the reputation is still important in choosing which casino to play with.
Anonymity may not be true to most casinos these days, but if you are using crypto to deposit, I don't think your government will lurk into your gambling activities.
But you still need to check your gambling protocols, so as not to have trouble with the authorities, when it comes to accessing these sites.
legendary
Activity: 2520
Merit: 2853
Top Crypto Casino
Regarding updating those articles where anonymity is being advertised as one of crypto casinos advantages, then I agree with you. This is no longer valid.
However, using cryptocurrencies still has some advantages over traditional payment systems when it comes to privacy and anonymity.
For example, if you use bitcoin to make a deposit or a withdrawal, your bank will not know about it, unlike when using your credit card or your bank account.
hero member
Activity: 2688
Merit: 625
There are still a few sites out there that do not do KYC. Gamdom.com is 1 of those sites and probably the only 1 that I trust that doesn't do KYC. As far as the info on the internet being updated, of course it needs to be, but it likely will not be.

I personally am not a fan of KYC. I think it's my money I should be able to do whatever I want with it. Look at the current Betnomi situation. They are taking users information(email addresses) and selling them to spam sites. Just 1 example of why I disagree with KYC.
This is the main reason on why im always that skeptical when it comes to complying out KYC even on exchange platforms who do ask out for some verification if ever you would be asking out for more features which you would be needing up to go with this process but somewhat you do have the option on not to be able to comply but of course the function would really be just that limited. This is why if ever i do make out some KYC
then i do always make use of dummy emails because sooner or later i would really be seeing those spam emails that would flooded out my email inbox which its never been new that these information would really be leaked out. I dont have any experience on gamdom but i have able to see its signature campaign on this forum wayback and if they are really that asking no KYC with this then i might reconsider on playing on it.
Progress and regulation is something that cant really be stopped and just like with those other comments that as long this one involves huge money then expect that government would really be liking
to get involved with.
legendary
Activity: 2058
Merit: 1264
Logo Designer ⛨ BSFL Division1
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.
Not all casinos are enforcing KYC verifications to players and I can confirm that from my own experience in last few years, so I am happy to continue using them.
For situations when larger amounts of money are won in casino or sport bet I would be ok to perform verification, but that could be exceptions and having some regulations is not bad.
Perfect solution is to have fully decentralized p2p casinos but that is not easy to have betting service with good volume and regulators could try to make their life harder.

I personally am not a fan of KYC. I think it's my money I should be able to do whatever I want with it. Look at the current Betnomi situation. They are taking users information(email addresses) and selling them to spam sites. Just 1 example of why I disagree with KYC.
Yes, my email got leaked from Betnomi and I can bet that personal information from other players kyc verification is also leaked.
Even biggest websites in the world that are not related with crypto had big leaks, so better to be extra careful about personal details sent online.
hero member
Activity: 1498
Merit: 785
Casinos are now centralized just like CEX at some point they will definitely ask for verification of your identity for what they need.

Although there are still many casinos that do not apply KYC at the beginning, but when a user has a problem in the account with his balance/withdrawal/bet, it is likely that the casino will ask you for verification and it can be said that crypto gambling has clearly no anonymity anymore, but while there are still casinos that do not apply KYC then use those casinos.

Casinos now have rules and it is licensed under the government so the law must be subject to it, so don't be surprised everything will definitely happen.

A couple of years ago (3-4 years), a casino that would ask for KYC was rare and a lot people would not accept this and complain. Nowadays, a lot of casinos will ask for KYC, even for low amount withdrawals especially if you participated in promotions. There are some casinos that are still not too strict on it but I am afraid that will also change in the near future. I don't matter doing KYC for reputable casinos as I am used to do it when playing in fiat casinos.
A few years ago until now the development of crypto gambling is growing rapidly so it would be natural that the casino will ask for KYC verification for any reason including from small withdrawals that you think are unreasonable, even I would not be surprised and I will know the consequences later if they require it.

I have done KYC with reputable casinos that I can fully trust, but it is still a concern that the majority of us still want privacy in the use of crypto including in gambling at casinos.

legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
You are not wrong, nowadays anonymity is not longer a benefit of using crypto to gamble. There must be still some small platforms which offer their services without KYC and they could even support some coins which enhance privacy, like Monero.

But I am afraid those small casinos are not as reliable as big and well established casinos.
I am not sure I would sacrifice reliability for full anonimity. It is about the preferences of each one of us, I guess...

There is a reason we do not see Monero and other privacy coins in major regulated casinos, right?
hero member
Activity: 1750
Merit: 720
Top Crypto Casino
Times have changed a lot, faster than gamblers expected. Now most of the trusted casinos have made KYC mandatory, preventing gamblers from using gambling websites anonymously. However, there are still many gambling sites that have not made KYC mandatory, but after a big win, we have already seen many complaints asking those sites to do KYC.

If the gambling sites are so highly centralized, then it has really created a lot of trouble for crypto users in terms of gambling. Hopefully the big players will come up with sites that free gamblers from doing KYC to protect the anonymity of crypto users to change this situation.
hero member
Activity: 2590
Merit: 644
Casinos are now centralized just like CEX at some point they will definitely ask for verification of your identity for what they need.
~snip~
^ As the cryptocurrency space continues to mature and gain mainstream acceptance, many crypto casinos are indeed becoming more centralized and subject to regulations, including the implementation of KYC procedures. While there are probably still some casinos that initially allow users to gamble without KYC, it is important to recognize that the situation can change quickly if they encounter issues with users' accounts or transactions, or if they face legal pressure to comply with regulations.
The licensing and regulation of casinos by governments are becoming more prevalent, and this trend is likely to continue as authorities seek to address potential risks and protect consumers. As a result, the level of anonymity once associated with crypto gambling is diminishing over time just because of legalities many casinos have been successful and faster adoption.
sr. member
Activity: 2310
Merit: 355
They are slowly restricting gamblers from playing anonymously though I think there’s still site that are still KYC free, but most of the trusted casinos today are already asking for KYC. It’s sad that crypto market are slowly getting into this situation and it seems that we are no choice but to comply. Let’s see if some developer will develop a KYC free project that can change the whole scenario in crypto, this is a very innovative market and I know a new project will emerge because of this. 
hero member
Activity: 1918
Merit: 564
There are still some casino that is created to be decentralized where the feature of anonymity still exist.  The problem is that these crypto casino that requires KYC is usually a hybrid casino where it accept both fiat and cryptocurrency so it is normal to see that these casinos asked for KYC since the government wanted their regulation to be implemented.  While other shady crypto casinos use this KYC excuse to deprive their gamblers of their huge wins.
legendary
Activity: 3584
Merit: 4420
There are still a few sites out there that do not do KYC. Gamdom.com is 1 of those sites and probably the only 1 that I trust that doesn't do KYC. As far as the info on the internet being updated, of course it needs to be, but it likely will not be.

I personally am not a fan of KYC. I think it's my money I should be able to do whatever I want with it. Look at the current Betnomi situation. They are taking users information(email addresses) and selling them to spam sites. Just 1 example of why I disagree with KYC.
sr. member
Activity: 2100
Merit: 254
Casinos are now centralized just like CEX at some point they will definitely ask for verification of your identity for what they need.

Although there are still many casinos that do not apply KYC at the beginning, but when a user has a problem in the account with his balance/withdrawal/bet, it is likely that the casino will ask you for verification and it can be said that crypto gambling has clearly no anonymity anymore, but while there are still casinos that do not apply KYC then use those casinos.

Casinos now have rules and it is licensed under the government so the law must be subject to it, so don't be surprised everything will definitely happen.

A couple of years ago (3-4 years), a casino that would ask for KYC was rare and a lot people would not accept this and complain. Nowadays, a lot of casinos will ask for KYC, even for low amount withdrawals especially if you participated in promotions. There are some casinos that are still not too strict on it but I am afraid that will also change in the near future. I don't matter doing KYC for reputable casinos as I am used to do it when playing in fiat casinos.
legendary
Activity: 3080
Merit: 1353

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

You are late with your assumptions though, at the start of 2017 or at least when my memory is still fresh, that's when this whole KYC started to also haunt crypto base gambling platform. Prior to that  it was just a very simple steps for gamblers to deposit and withdraw their bitcoins (99% of crypto based that time only caters or acccept BTC).

But time has change, and maybe this is the price that we have to pay after 2017's bull run as every sector, specially government and banking started to take notice and so they imposed mandatory KYC.
full member
Activity: 2086
Merit: 193

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.
Since they want to be regulated as well and have the license, KYC is necessary for them to operate legally and you're not wrong with this.
Most of the crypto casino today are already asking for KYC though some are just a level 1 KYC only but the chance to be asked for another KYC is high especially if you won some money with them. I think the only reason for this is that, they tend to prevent laundering and in order to do that, they should know their players and that is mandated by the regulations.
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