Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 2. (Read 1860 times)

We're here for the thrill and the privacy, but KYC stops us in our tracks. In other words, "Come for the fun, stay for the paperwork." But lets not get rid of the good thing along with the bad. KYC has its place, like a bouncer at the club door who keeps bad people out. Still, does it need to be so direct? Why not make KYC like a good game referee: there, but not in the way of the play? Casinos could use KYC that is less intrusive and focuses on behavior instead of name. Find the bad guys without making everyone else feel like they have to stand in line. Do you agree that we should keep the game fair and fun? Lets praise the companies that get this right. And finally, rolling dice should be about rolling the dice, not telling your life story.

I agree with you if kyc is mandatory many casinos will lose their existence. Most of the gamblers prefer to keep their information secret for gambling online. Also gamblers don't like kyc because there are more chances of scamming through kyc. KYC is avoided for crypto exchanges and casinos because of privacy and data breach concerns since KYC exchanges collect and store sensitive personal information.

If the casino uses only high volume in transaction to determine if they'll request for KYC, alot of illegal individuals will get away with crimes because they can split their transaction into smaller amounts that will not make the casino suspicious and run as many transaction as they want and get away with their crimes. KYC helps casino to keep eyes on their customers so they can identify them easier when the authorities need to for their investigation. And since the individuals knows the casino has their identity, they'll be careful not to use the casino for illegal activities.

KYC has its advantage and disadvantage but it's not benefiting any individuals that's using cryptocurency to gamble because our purpose for using cryptocurrency is because of its animosity but when KYC is been implemented it takes away that. We have some casino and sportsbooks that don't demand high KYC but just regular ones and we can be using them to help prevent our information from getting into the wrong hands.

You are right and all the centralized platforms have eliminated the advantage of using crypto to be anonymous, because not only gambling sites but exchanges have already done it before the casinos started it, and players have no choice but to accept this and if they really object they can look for another casino which does not require KYC but usually the types of games will be very limited, such as one of the well-known casinos on this forum and now it has started implementing KYC.
There is a lot of information on the internet that has not been updated but because we have experienced this, it is no longer important, but not for those who don't understand it because they don't get the real information that most casinos currently require KYC and that is because of the license that the casino uses.

There is no need to upgrade the Internet records because we must admit that there are still
many crypto casino that seeks no KYC meaning you will still have your own safeties and privacy, while majority are
asking for KYC plenty of casino that is popularized being Decentralized is still in active.so I think let it be mate
and talk about that when crypto casino becomes completely KYCed and will not operate or accept players with
no details given from account creations.

The main reason crypto gambling has gained popularity for its anonymity. But with the change of time, the government of every country has become active and made KYC mandatory since those who started using this platform to do financial irregularities. Now we all know about the advantages and disadvantages of KYC. But I think that if the feature that makes people interested to gamble on this crypto but if the main feature disappears then it has the potential to lose people's confidence. I think KYC should not be forced. If the gambler does not have any suspicious behavior or high volume of transactions, it is best to keep it anonymous.

Even so, I still can't really understand the thoughts of those gamblers who really object and don't want KYC, I know that anonymity is also quite important to maintain the security of every gambler but on the other hand KYC is no less important for every casino that asks for it as long as indeed from the start it has been listed for KYC if necessary.
Gamblers say that their identity is very valuable and privacy is every individual right, but it is true that trusted casinos with very good reputation are definitely able to protect all their customer data.
When we gamble for fun and to be good gamblers, we should not refuse KYC and KYC is also one of the requirements in several licenses used by the casino itself.

Yes, as time goes by KYC will become something that every gambler must fulfill so that we will not be able to refuse it.
KYC is one part of making it easier for every casino when something bad happens or resolves problems that occur to their customers and here KYC will also be mutually beneficial for both parties, the customer and the casino.

And that is the thing we should refrain from participating in and prevent it from happening. A wallet connected with our own identity, so any platform would recognize us, is authoritarian by nature. We should not exchange many rights for the sake of addiction. It is not a matter of people not minding about excessive KYC/AML policy but rather their limited awareness and comprehension that make those things seem like small things.

Now I get that regulation set in place to prevent money laundering or such kinds of things that utilize casinos. It is a good reason. Nevertheless, complete control of where a wallet connects to an identity database is truly a terrifying future.

when everyoneis already in the database of government, exchanges and casinos i think there will be no need for KYC anymore because once a user login, the platform will automatically scan the wallet and find the match from the databases of Skynet.

as for now casinos are asking KYC. after few years of fighting yourself not to submit KYC, the addiction wins and finally you just don't mind at all 

Doing research is a must for gamblers to find the casino they want so that they can get comfort and security in gambling and won't have any problems. By reading the reviews given by many gamblers or members on this forum, we can find out which casinos they have used so that we can have a list of casinos that we will research. From the results of this research, maybe we can get 2 or more casinos that we can try for gambling and see the results so that we can have a list of our favourite casinos. It is true that KYC now tends to be implemented by many casinos, but only trusted casinos will be able to maintain the confidentiality of all their members properly. They will satisfy their customers and will immediately complete the verification process without taking a long time unless they need to carry out further checks.

In the future, KYC will become an obligation for gamblers, whether they are small gamblers or big gamblers. So we can only be prepared for all possibilities and still look for casinos that are flexible in implementing KYC towards their customers. We also have to be careful in carrying out verification and only do it at trusted exchanges or casinos that can protect the identity of their customers well.

Anonymity is still an advantage offered by cryptocurrencies on crypto gambling platforms. It's just that on many crypto casino platforms they impose KYC on their users to be able to complete regulatory requirements in several countries, so inevitably gambling platforms have to comply with this so they can operate. However, there are still crypto gambling platforms that do not impose KYC on their users, because they are not bound by regulators and have no obligation to require KYC to their users, so users remain anonymous when using crypto.

From what I know, casinos and crypto exchanges must do KYC to combat money laundering, when people go through KYC they hand over documents such as ID, proof of residence and when they deposit a lot of money the casinos ask for proof of the funds, precisely so that they can confirm that that much money is coming from a clean source. The problem with this is that the governments that issue the license, which in the casino I am talking about in Curacao, as it is the country in which more than 70% of crypto casinos have a Curacao license, should note that clearly the government of Curacao does not carry out any inspections in any casino for know if the casino is complying with the laws and if it is also treating customers well

There are hundreds of cases of scam casinos, which stole people's money and disappeared and people reported these sad events to the license provider, but the license provider did nothing, which leads me to question whether the Curacao government asks for real documents of casino owners when it comes to dealing with casino licenses, because for a scammer who has a Curacao license not to be afraid of running a casino with the clear intention of stealing money and disappearing, and because this same scammer is confident that he does not have his true identity . which makes me question whether kyc is important, in my opinion governments should not force casinos to ask for kyc since the cryptocurrency market has a lack of laws in many countries

It’s not just happening on crypto gambling platforms but the cryptocurrency ecosystem generally. Haven’t you seen what these centralized exchanges are doing? I don’t know why a crypto gambling site will require KYC, but I’m guessing that it’s to check if the user is up to the proper age (I don’t have a stance on it, just thinking out loud). I have gambled on crypto gambling platforms but I have never submitted my KYC for such, at lease none that I remember. My heart skips a beat when any platform asks me for KYC because I tend to wonder what they want to do with so much information about me.

It would be very irresponsible of the government to ban gambling for any reason, everyone should be free to do whatever they want to do. The only means that is acceptable is for them to create awareness of the good and bad of gambling and let people make their choices. As for morality, politics or religion, governments are merely overbearing in this regard and those states that banned gambling, especially for religious reasons are only extremists, they are bigots that just want others to do what they believe is the right thing. But to me, it's an infringement on the rights of others who wish to gamble without dupping anyone. But it's unfortunate that it's these bigots that hold the helms of power, there is nothing most of the victims could do.

In addition to your Telegram narration, a mere changing of IP through VPN would do as crypto's privacy completes the rest. Going through telegram groups could still be cumbersome for many people, but by using a VPN, every situation would be solved if a particular country or region banned gambling. This is what I do in countries where crypto is not allowed or trading with a certain broker/exchange is disallowed.

Sometimes the verification Often causes us as Players to reveal our identity, which is not very pleasant, because we are already accustomed to the casinos that are of fiat money origin and we have to leave a mandatory KYC, in a broker or exchange where basically we have to do things based on an indeticifcion, that is, if 1000usd is moved in bitcoin because that money was Moved by XXXX, whose last name is XXX who lives in X, and well this is very bad in terms that yes If the person suffers an attack, they can leave and take all the data with the people's records, this is something that turns out to be quite Strong.

When there are players who are whales Where they manage large amounts of money, it is not only there in that casino where the money is collected, it can be Other Casinos that manage money, and things when they try to do everything better, well, little is going little by little, because a person who is being and actively playing in the casino is unlikely to come back again, of course all this is what KYC can cause because anonymity no longer exists, so there are Few words when it comes to being So it is very likely that people no longer feel attracted to that casino, but to Another where they can Provide more anonymity or more privacy, and that is difficult to track, but now it is so difficult now the game of everything bank and every sector is that you have to know the client, they don't want to do business with people who don't Know who they are, that's why there are currently decentralized caisnso that can generate money, but it has many disadvantages and I think that the current lack of all of them is that the players cannot do things freely, because they do not have to pay for each move, so it is like more spending than being in a centralized casino, where much more security and trust is offered, apart from the trust and good reputation that be had.

To be honest, if a government bans betting or gambling we all know that won't stop the activity to happen in a societal level. Centralized governments tend to underestimate the reach gambling and betting can have in these modern days when everyone has a smarthphone with them.
If I lived in a country where I would not be able to legally bet in sports, I would only need to have a Telegram account where people would gather to bet and give their Bitcoin or Monero to a trustworthy escrow, the rest is history. Telegram is very unlikely to crack down on those groups, because they are focused on the freedom of their users and gambling is not against the Terms of service of this application.

I can recognize there are certain religious and political reasons for a government to ban gambling and betting, however it may just translate on them missing out the chance to apply fair taxes to casinos or lucky individuals.

Hate it or not, there's nothing we can do when things turns out to be decentralized wayback since there's no KYC but we do have today on which there would really be those notable changes and application of possible KYC on which its not really that shocking because these platforms are really that generating huge money on which means that it would really be just that normal that government would really be having an eye on them on which it is really just that normal that they would really be having that kind of regulation on which they would really be needing to abide some laws for them to operate. We do know that there's such thing about having license and the community would really be having that positive impression towards it and this is why business would really be going into that path.

Somewhat most of them doesnt really ask out KYC completely or something compulsory on which means that when you do able to hit a particular threshold that they had set on
then this is the time that you would really be complying or having that verification but if you are just that a regular gambler who dont gamble much
then i dont really see this thing to be an issue or a huge problem. It is really just that it do become that very common nowadays where verification is primarily asked.

This makes online gambling and then using a fully decentralized crypto, or a mixer an advantage. It only becomes a problem if all them are also banned but if you are that willing, I think there are still ways that you can do in order to by pass the applied restrictions by your government and ISP provider. If gambling in our country is fully legal, it may be okay now to verify our gambling accounts because it also have some advantages but many of us don't recommend it for some reasons.

For you maybe and to some, that was your objective to play gambling (for the sole purpose of making money) but I believe the majority are only playing to get entertained. It would be better if you guys can change your approach towards gambling and also play it that way.

Of course, research is always carried out when choosing a casino that is trusted and can provide more comfort and security to all existing customers without exception.
We can also see the response of gamblers in community about the casino whether it has positive feedback and large loyal customers or not because truly reliable casino definitely has positive feedback in the community and has large loyal customers.
When it comes to KYC, in fact almost all casinos will ask for KYC but they use different methods, some ask when it is really needed for large transactions, some ask for KYC from the start of registration.
The only thing that cannot be accepted is casino that states non-KYC but if the gambler wins big they ask for KYC as withdrawal condition.

Yes, it is true that KYC has almost become something that every gambler must provide and for some time now KYC has become topic of conversation and debate in the cryptocurrency gambling industry.
Actually, there is no need to be afraid because on the exchange platform or crypto market exchange, each account is also asked for personal identity verification.
So it can be concluded that KYC is not something that needs to be avoided.

Anonymity and privacy are so far away from all gambling platforms, they are regulated and registered, they operate under the law of the country, this shows how centralized they are so where is the privacy? If anyone thinks that whatever they doing on any casino is secured they are kidding themselves, everything they do is been monitored, why did they need KYc from all their customers? It's been asked of them by the laws and they have no choice but to comply..

It makes me laugh whenever I see some new casinos naming themselves decentralized or privacy gambling, it's all lies, the only way a casino can have anonymous features is if they are operating illegally and for how long can they do this? They also need to stay off the radar of the law and do everything to remain less popular or they won't last long.

As for those gamblers using such platforms I want them to know that they aren't safe either, if you keep using such platform and something happen all of a sudden you will lost everything you have on the casino immediately, and since they aren't regulated there is no way to get anything back even if you have all the money to do so, even such casino can decide to exit scam on you, because they are not even registered.