Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 4. (Read 1740 times)

The solution is simple: don't invest a large amount of money into a specific gambling site. This way, if they ask for KYC, you can easily move on and search for other gambling sites that serve gamblers without requiring KYC. In fact, many gambling sites, including regulated ones, typically do not demand KYC upfront. They usually request it once a gambler starts winning a substantial amount or when the account becomes older. Therefore, it's crucial to have numerous options available. After all, our primary goal is to ensure our gambling activities remain uninterrupted.

Yup, anonymity is still there but only to our co-gamblers because as of now, most casinos doesn't require us to us our real name as a username and only the casinos knew who are we behind the screen because of the KYC that has been implemented and followed by almost all known platforms today. Still, there are ups and downs to that and we cannot blame some gamblers if they don't want the KYC because even me doesn't want it, but what can we do aside from complying to their terms if we still want to continue our activities.

That's because the old and reputable crypto casinos already make a lot money, so if there's a gambler is winning and withdraw his profit, it's just a peanut for the casino and they will not ask KYC since it just a wasting time for them.

Yeah KYC isn't only submitting personal ID, bill etc, but including self introduction video, live video, or other ridiculous thing that could satisfy them and you don't have any option to reject it.

The casino knows what its users are doing because user activity in the casino is always monitored and if there is any suspicion, the casino will check it immediately. If we small gamblers play there, the casino will always monitor it and the casino can do anything to our gambling account.

Most cases happen are people who have already deposited or want to withdraw so much money that the casinos will ask them to do KYC. Some people come to the casino, create an account and deposit a lot of money, say over $1,000. That's a lot of money. If you are a casino owner, are you not suspicious of that activity? What would you do? You may want to check his background by asking him to do KYC. That's what casinos do.

People do not pay attention to the age of their new gambling accounts and immediately deposit very large sums of money, which small gamblers are unlikely to do. This problem then sparked the attention of the casino to do KYC on its new members, especially for people who have deposited a lot of money into the casino and managed to win a lot of money too. The casino will surely ask him to do KYC verification.

Indeed KYC is not just about "whales," but we are talking about people spending huge amounts of money and withdrawing huge amounts of money from casinos. Casinos are more interested in such people than in dealing with petty gamblers. But I may be wrong on this. I'm sorry

This doesn't seem to be true. Some of the oldest and reputable crypto casinos don't do KYC. All fiats do KYC and many fiats are crooked. Even if you give your KYC to a crypto casino they may ask for a video selfie later.

It's good to always safe to assume it can happen to everyone else. Although they have different criteria, having less than $500 in the account is quite safe. I wouldn't even try to withdraw this much already but this is because I'm sure I will be back to bet again.

If ever I am required to submit though, I will comply and will more likely going to stay in this casino for a long time after all my data is with them already. And I don't wanna submit it to any other casino. What other criteria do they have by the way?

The thing is that reputable casinos are the one who are collecting the KYC and majority of the casinos that don't collect KYC are the one who are either new to the crypto casino industry to an unknown casino. We know that playing on those casinos has some outside risks like falling into a potential scam or being involved on something that you don't want to happen. There are also gamblers who are fond of using big amounts to gamble but actually don't want to submit their KYC on casinos. Imagine that you are a celebrity with a massive cashflow and you want to do gambling but one thing is you don't want to get scammed or submit KYC for some reasons. There's no way to go, you have to choose a inconvenience to gamble.

The anonymity from the general public is the only advantage about anonymity we have from cryptocurrency gambling platforms for now, but we might even lose that in the future if the platforms started asking us to create our usernames with our first and last names with some random number, etc. But even after that, I believe the public can't see us gambling and if our bets are shown in the latest bets section, we can choose to hide our name there.

However, whatever the situation is, some people might not like the KYC verification and stuff, but we need to admit that cryptocurrency gambling platforms have provided us with a lot of ease when it comes to gambling if we take apart this one thing that we consider a disadvantage which isn't in my opinion.

Simply put, you misunderstand anonymity. Do you think casinos, which are designed to make as much money as possible, wouldnt notice? They have data tools that may rival a tech giant. Your every wager, click, and withdrawal is monitored.

KYC isnt just for "whales." It combats financial fraud. You think a casino cares more about a whale than you? Not right. The law and staying out of trouble matter to them. No matter how much you win, their programme treats you like statistics.

Chat about Bitcoin. A currency without a central bank. But now that online casinos are centralised? Like fitting an elephant in a tiny cooper. Power plays in the economy are intriguing. Casinos may exploit Bitcoin's decentralisation, but they're still centralised powerhouses.

That's not the point, and that's not the kind of anonymity we are seeking.

Privacy and anonymity are two different things. When a casino is regulated, you can only achieve privacy, as it's their responsibility to keep your information confidential and share it with their regulators only when necessary. On the other hand, with anonymity, we can enjoy complete freedom. Gambling sites that cater to gamblers have no knowledge of who we are, ensuring that our gambling activities remain unknown. This means that nobody would know we are gambling or where our money is coming from if we win. Additionally, if we were involved in illegal activities, particularly money laundering, we could operate freely without being caught.

For someone like me, except i choose to let others know what i do, it will be very difficult for people to know what am upto, now with the use of the mobile phone, the crypto online gambling sites had been made easy such that one can easily use the privilege of gambling through our devices without going public with it while others seing us, they gave also made it a consideration in the aspect of providing anonymity to gambler using their services which you will discover that some don't require kyc on their platform.

Your privacy is your's to keep. What you choose will determine your privacy and safety. There are platforms where KYC is still not required to withdraw if you are doing it in a low amount. If you go over the limit, only then you will have to complete KYC verification. Most gambling platforms are somewhat centralized, one way or another. But there are some which require no KYC. So privacy and anonymity are kept safe there.

If you choose any of them from those platforms, you can take the benefit of being anonymous. So it's up to you. What you choose will decide whether you are anonymous or not.

Well, it should be embraced that every casino is free to ask verification, KYC if they needed so and customers can't stop that if they want users to comply.

It's easy requirement but we don't want that to happen to us because we don't like it to be implemented as it seems like a stopper with our activity. But those small gamblers do not have to think of it that much because this only applies when something triggers a casino.
Like how big your withdrawal is.

So we as small users can still play gambling at casinos that may ask for KYC from large users or whales. And because we gamble only using small money, the casino will not pay much attention to it unless we are indicated to be involved in illegal activity or the casino suspects us of cheating or violating the rules that exist in the casino. But as long as we don't do anything that could arouse suspicion from the casino, we will be safe and can play gambling in peace and when we want to withdraw our winnings, the casino will allow and process it because maybe our winnings won't be as big as whales. But we might be asked to do KYC when the winning money is big. So we can only be prepared.

The risk is very high. You didn't own your money if you have deposited it to the casino. Let's wake up if you may able to gamble with small amounts without KYC but the chance for your account being frozen by the gambling site is quite high.
Casino was just implementing the same verification like what exchange sites did. There's nothing wrong with it as long as the service is not turned out to be a scam.

People will able to deal with it easily without any problem. You can do nothing if that requirement was coming from the regulators. The regulators can ruin it anytime. KYC is easy requirement.

Anonymity is a big feature that attracted huge number of gamblers towards cryptocurrency based gambling platforms. This is all because of the privacy concern and at the beginning days the Casinos too didn't consider it a big thing. With time the regulatory needs, competence and the illegal transactions made the Casinos request KYC. However it is possible to play and withdraw limited amount without kyc. So, the Whale gamblers are the must to fulfill KYC as the deposit and withdrawal will be big.

Yes most of the regulatory compliance casinos that require kyc to play on them are majorly interested in huge transactions such as demand for kyc on amount of $5,000 and above transaction amount,  be it deposits or withdrawal,  such casinos offer the players some level of privacy and decentralization if the gambler operates within that transactions limits,  as also again only when there a suspicious activities from the gambler them also will the casino request them to go through verification process.

I believe that many of the gamblers already know this fact and have settled with it that the casinos in that class,  have the right to request for KYC documents at any point their wish to without any limitation as long as there is a standing order from the beginning that there will be kyc.

Well, you do got a point specially on the platforms that you've been long time using or dealing or hanging out with on which it would really be that building up that kind of trust and confidence that if ever these places

goes south and make out that changes then you would really be complying things without having that kind of argument on your mind whether you should proceed or not. This is why it would really vary on each person.
Its true that it would really be that definitely be that a huge hindrance if ever we do tend to play on a site and then asking out some documents or verification. So far based on real experience with the current platforms that we do have in the market today.
Most of them are accepting deposits and could only potentially ask out some verification on the time that you do win big or having some violations.This had been
a known situation or common  scenario for most platforms today.

We still have a lot of decentralized casinos that doesn't require any one information or KYC verification before they allow the gambler to play on their casinos and at that, we can choose to only play on such casinos instead of handing over your identity documents to a third-party platform that you can have confidence in the safety of that information and documents.

But if you have any one of such that you trust their systems and reputation and you believe that your data are saved on them,  it means you can easily trust them with your data and if you have nothing to hide you won't have much to border about handing over a few verification doc.

We do still have some old platforms which remain still to have that no kyc and including out XMR(Monero)
https://crypto.games/dice/monero and there are other games offered too with this kind of deposit option.

But in overall it is really just that these businesses are getting in line with government rules and regulations on which if ever they wont really be opposing on their laws or whatever that had been stated
then they cant really be able to operate and since majority of people would really be that preferring on sites or platforms which does have license then for sure they would really be following on something.
There are still some options that we could have today which it is really that good to see just like on crypto.games that i have put up above, which does still give out ton what crypto casino should be.