Casino KYC how it works and to what effect - page 2.

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Quote from: TopT3ns on February 08, 2022, 12:46:36 AM

Quote from: Fundamentals Of on February 07, 2022, 09:42:25 PM

That's it. It is simply about lack of choice. I don't imagine a crypto casino choosing to implement KYC because they prefer to do it. They should have opened a fiat casino instead. But what choice do they have? The regulation or the law requires that they should put up mechanisms to know their clients. And it is not just a yes or a no on the part of the crypto casino. What is in line is their license, their operation, their business. It is either they comply or they pack up and leave.

Some country with majority with Moslem person they not allowed using gambling site, but have some person looks enjoy and fun with playing gambling so they not want their data open to public about he was active on gambling site. I think better have an option with gambling site not really ask and have rule with KYC document ID, not all member are agree with KYC ideas because he want unknow by any one when playing gambling. Choosing crypto gambling because can hidden bank document with many local gambling site use bank for deposit but in crypto can hidden data when deposit trough cryptocurrency.

If the crypto casinos still use KYC completely, they will not have a chance to grow and have many members because their members who care about privacy will not do KYC and will search for the other casinos.
Gambling is prohibited in a country with a majority Moslem person. It will not tolerate if their people play gambling but people are smart enough to hide their gambling activity and that is why there are underground casinos that allow people to play without doing KYC.
If the casinos do not apply strict KYC, that will make gamblers feel okay and comfortable playing in their place and maybe that can be a place for people to spend their money by playing many games.
The casinos see this as their opportunity to get more members by doing limitations on the KYC to make money from many members still and do not have a problem with gamblers who avoid the KYC.

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Quote from: Fundamentals Of on February 07, 2022, 09:42:25 PM

That's it. It is simply about lack of choice. I don't imagine a crypto casino choosing to implement KYC because they prefer to do it. They should have opened a fiat casino instead. But what choice do they have? The regulation or the law requires that they should put up mechanisms to know their clients. And it is not just a yes or a no on the part of the crypto casino. What is in line is their license, their operation, their business. It is either they comply or they pack up and leave.

Some country with majority with Moslem person they not allowed using gambling site, but have some person looks enjoy and fun with playing gambling so they not want their data open to public about he was active on gambling site. I think better have an option with gambling site not really ask and have rule with KYC document ID, not all member are agree with KYC ideas because he want unknow by any one when playing gambling. Choosing crypto gambling because can hidden bank document with many local gambling site use bank for deposit but in crypto can hidden data when deposit trough cryptocurrency.

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Quote from: RILWAN on February 06, 2022, 01:29:31 AM

Realizing how negatively kyc is seen by many players mostly in cryptocurrency casinos players am confused what kyc does in a casino, why do some casino operators have kyc and others don't have. I email also a part of kyc because most casinos often than not request email. What are KYC's advantages and disadvantages.

Wrong , they did not see it as negatively but for safeties of their account and their personalities .
so why not apply KYC if you are safer with that?

Yeah i deny having KYC in the past , but now? i support this in site that has trustworthy names , because i know in the end of everything ? my activities will be safer and will be having a great gambling experience .

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Quote from: agustina2 on February 07, 2022, 07:03:08 PM

Quote from: seleme on February 07, 2022, 05:59:07 PM

For example, the Stake team offers a 15% boost for bonuses on lvl2 KYC while it is above 20% for KYC level 3 users. It doesn't worth passing KYC if solely purpose is to hunt bonuses but it adds quite a good amount for high rollers.

But if you regularly play on that site, that's a good advantage. It's like just a bonus since when we are complying with KYC, we are not expecting perks like that. We can't have an offer like that just by passing KYC on any other gambling sites.

Well Stake is really a generous in regards to their players and now as KYC is being required of many countries stake is trying to push their players to conduct this KYC so their perks will increase compared to non KYC players.

Quote

As long as it's not mandatory, just enjoy the non-KYC today. If it's asked, then comply or choose other sites.

Indeed , there are many gambling site that does not require KYC verification so if you are not a fan of that then choose other site .

Fundamentals Of

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Quote from: Wexnident on February 07, 2022, 09:04:12 PM

Quote from: ?? on ??

Honestly I still don't know why most gambling platform decide to make KYC compulsory which I think should not be so. The use of KYC may have good reason to the gambling operators, but to players, it's total no. I know it could be use to know the real identity and the region their players comes from. Some gambling platform are regulated which the use of KYC is important when it comes to taxes, fine, restrictions and others.

Simple, legality issues. It's mostly due to their provider, or the country they are licensed in, which requires them to do KYC on certain situations (or maybe, on all occasions really) so that they can comply with the laws and whatnot that the country has. Honestly, I think most casinos wouldn't even bother KYC requirements if it weren't for those, it is additional work and I highly doubt they'd lose money if they didn't implement it, they might even earn more.

Plus, if they didn't, they'd be well something of a "banned, illegal site", which would turn away most players. With the label of a "legal casino", they can invite new players.

That's it. It is simply about lack of choice. I don't imagine a crypto casino choosing to implement KYC because they prefer to do it. They should have opened a fiat casino instead. But what choice do they have? The regulation or the law requires that they should put up mechanisms to know their clients. And it is not just a yes or a no on the part of the crypto casino. What is in line is their license, their operation, their business. It is either they comply or they pack up and leave.

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Quote from: ?? on ??

Honestly I still don't know why most gambling platform decide to make KYC compulsory which I think should not be so. The use of KYC may have good reason to the gambling operators, but to players, it's total no. I know it could be use to know the real identity and the region their players comes from. Some gambling platform are regulated which the use of KYC is important when it comes to taxes, fine, restrictions and others.

Simple, legality issues. It's mostly due to their provider, or the country they are licensed in, which requires them to do KYC on certain situations (or maybe, on all occasions really) so that they can comply with the laws and whatnot that the country has. Honestly, I think most casinos wouldn't even bother KYC requirements if it weren't for those, it is additional work and I highly doubt they'd lose money if they didn't implement it, they might even earn more.

Plus, if they didn't, they'd be well something of a "banned, illegal site", which would turn away most players. With the label of a "legal casino", they can invite new players.

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Quote from: ?? on ??

Honestly I still don't know why most gambling platform decide to make KYC compulsory which I thibk should not be so. The use of KYC may have good reason to the gambling operators, but to players, it's total no

The answer is pretty simple. They have to do it to get a license in certain countries. It's either KYC or running unregistered which means their site can be blocked at any moment and they could face legal backlash. Also, to them it's just math. If they enter a new region and gain 10% traffic but lose 8% of people who won't do KYC, it's still worth it.

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Quote from: crzy on February 07, 2022, 04:53:44 PM

Quote from: RILWAN on February 06, 2022, 01:29:31 AM

Realizing how negatively kyc is seen by many players mostly in cryptocurrency casinos players am confused what kyc does in a casino, why do some casino operators have kyc and others don't have. I email also a part of kyc because most casinos often than not request email. What are KYC's advantages and disadvantages.

KYC verifications are only for the benefit of the site since they can get your details that can give you an access to their site, they are doing this to avoid any fraud and money laundering which they are being obliged to report with. Pros and cons is only for the security of both parties, there are still some site who didn’t require any KYC, you have the option to gamble with them instead.

That's the logical thing to think why KYC's are required. If there's no problem with the account, users should find no problem complying with it not unless the site is giving more reasons that their KYC is failed making the withdrawal pending for long.

But I think, it was just highlighted today but some gambling sites already asking KYC, especially for big wins even way back before. It was on the TOS. It makes sense to do for verification on that case but I know some big rollers are not happy with it.

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In the first place, we don't see this KYC on gambling sites and even exchanges before. We can use them freely without the need of providing personal documents and ID's. Since when did they start to ask these of their users? After regulations are hitting up the whole crypto-world and the government is stepping in, these operators and owners don't have a choice but to make their service comply with the law.

We have to accept the fact that someday, KYC is everywhere no matter how we are against it.

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Quote from: Danydee on February 06, 2022, 04:14:38 PM

Quote from: tabas on February 06, 2022, 03:34:41 PM

..
They're mandated by their government. As much as they don't want to require KYC, it is the government that forces them to take KYC from their customers.

Yes

But the government is also responsible for protection of people's sensitive and personal datas ! So while some services must know the real identifier of a user because of the nature and purpose of the service, why make it mandatory also for services that are more likely not!

If it is a practice made to facilitate or favor any operation or intervention of any governmental domain, certain rights of persons must normally be given priority and are in fact subject to higher legal guarantees!

Yes, there's the advantage that we see to it for what they think is right and as well as the disadvantage that we see based on what we think as well.
It's like give and take for everybody and as always, the government is the one that enforces these rules for the sake of everybody. But just as we want to think, it's all about the regulation and control that they impose due to the personal benefit of the government.

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Quote from: seleme on February 07, 2022, 05:59:07 PM

For example, the Stake team offers a 15% boost for bonuses on lvl2 KYC while it is above 20% for KYC level 3 users. It doesn't worth passing KYC if solely purpose is to hunt bonuses but it adds quite a good amount for high rollers.

But if you regularly play on that site, that's a good advantage. It's like just a bonus since when we are complying with KYC, we are not expecting perks like that. We can't have an offer like that just by passing KYC on any other gambling sites.

As long as it's not mandatory, just enjoy the non-KYC today. If it's asked, then comply or choose other sites.

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Quote from: chaser15 on February 07, 2022, 06:46:21 PM

Quote from: Rengga Jati on February 07, 2022, 06:43:09 PM

Quote from: chaser15 on February 07, 2022, 06:11:07 PM

Others care for their privacy but use real names on Facebook, Twitter, Instagram with their bunch of selfies and pictures posted online. If the gambling site we are referring to is popular, I doubt by complying with their KYC, our identity is already at risk right away. We should already use it on complying with it.

Make sense.
Commonly we have the hobby to spread our personal identity in the social media but of course, it may be different with the ID card or national card or other documents which are very sensitive to be used for crimes over there. However, actually, all of our personal data and also photos that were spreading in the social media is also risky enough. It seems one of the impact of the digital era, the gap of privac maybe sometimes very small.

The point is, it's not the first time that we are dealing with KYC. I'm sure others will admit that they comply with KYC in not popular crypto exchanges before just to trade their airdrop tokens. Here in gambling, KYC shouldn't be demanded but for these gambling sites to make their operation be more legit, they have no choice but to follow the standard procedure provided by the regulators. We just need to choose a reputable gambling site on that matter that already considered as one of the trusted sites in the whole crypto-gambling.

On the time comes that every gambling business would really be needing to be having that license or need some sort of permissions then it would really be talking about regulation from the government
and its true that we've been dealing with KYC even just talking with regular engagement or requirements on other things which it do leaves us no choice but to comply with it.
Majority doesnt really like KYC but time comes that we couldnt really avoid it but to deal with it.

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Quote from: Rengga Jati on February 07, 2022, 06:43:09 PM

Quote from: chaser15 on February 07, 2022, 06:11:07 PM

Others care for their privacy but use real names on Facebook, Twitter, Instagram with their bunch of selfies and pictures posted online. If the gambling site we are referring to is popular, I doubt by complying with their KYC, our identity is already at risk right away. We should already use it on complying with it.

Make sense.
Commonly we have the hobby to spread our personal identity in the social media but of course, it may be different with the ID card or national card or other documents which are very sensitive to be used for crimes over there. However, actually, all of our personal data and also photos that were spreading in the social media is also risky enough. It seems one of the impact of the digital era, the gap of privac maybe sometimes very small.

The point is, it's not the first time that we are dealing with KYC. I'm sure others will admit that they comply with KYC in not popular crypto exchanges before just to trade their airdrop tokens. Here in gambling, KYC shouldn't be demanded but for these gambling sites to make their operation be more legit, they have no choice but to follow the standard procedure provided by the regulators. We just need to choose a reputable gambling site on that matter that already considered as one of the trusted sites in the whole crypto-gambling.

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Quote from: RILWAN on February 06, 2022, 01:29:31 AM

Realizing how negatively kyc is seen by many players mostly in cryptocurrency casinos players am confused what kyc does in a casino, why do some casino operators have kyc and others don't have. I email also a part of kyc because most casinos often than not request email. What are KYC's advantages and disadvantages.

Can we trust a certain platform with KYC? of course not, they cannot guarantee at all that our data will be absolutely safe. But sometimes, we have no a choice if we want to play in the casino. If we don't want KYC, just go on with non-KYC casinos. there are also some reputable options of the platforms.

Quote from: chaser15 on February 07, 2022, 06:11:07 PM

Others care for their privacy but use real names on Facebook, Twitter, Instagram with their bunch of selfies and pictures posted online. If the gambling site we are referring to is popular, I doubt by complying with their KYC, our identity is already at risk right away. We should already use it on complying with it.

Make sense.
Commonly we have the hobby to spread our personal identity in the social media but of course, it may be different with the ID card or national card or other documents which are very sensitive to be used for crimes over there. However, actually, all of our personal data and also photos that were spreading in the social media is also risky enough. It seems one of the impact of the digital era, the gap of privac maybe sometimes very small.

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Others care for their privacy but use real names on Facebook, Twitter, Instagram with their bunch of selfies and pictures posted online. If the gambling site we are referring to is popular, I doubt by complying with their KYC, our identity is already at risk right away. We should already use it on complying with it.

I also don't like the KYC on the gambling sites but if necessary, I will comply with it as we have no choice. But again, only on trusted gambling sites that I consider and not on those new ones no matter how good their promotion is.

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For example, the Stake team offers a 15% boost for bonuses on lvl2 KYC while it is above 20% for KYC level 3 users. It doesn't worth passing KYC if solely purpose is to hunt bonuses but it adds quite a good amount for high rollers. The worst side of KYC is your data will be in hands of third parties.. If you try to make an alt account on the same casino, they will ban your account permanently unless you agree to pass KYC.
Generally speaking, there is no A+ online crypto casino operating anonymously and guarantee they will never ask for personal documents in the future. Medium tolerance is OK for average gamblers, but things can change when you hit big there and the account can put on withdrawal only mode if the user refuses KYC.

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Quote from: DoublerHunter on February 07, 2022, 05:46:22 PM

Quote from: nurilham on February 07, 2022, 05:20:41 PM

Quote from: RILWAN on February 06, 2022, 01:29:31 AM

What are KYC's advantages and disadvantages.

The negative side of KYC in casinos for me is similar with doing KYC on other platforms, exchanges, and others. It is about the security guarantee of our personal data, if that is exactly secured or not. We know how cruel the digital crimes are if they are using your personal data dan identity. So far, that's one of what we are afraid of.

The pros? Well, probably it is about the requirement from the casino platform itself to ensure that the user doesn't come from the restricted countryies. Additionally, they also want to ensure that the user is real, not the bots or connected account maybe?

^ Less fraud if there is a KYC verification process and that is only pros when there is a KYC but there are a lot of disadvantages on it when a casino required KYC procedures. They can steal our identity and abuse it via selling into the dark market and using our identity on an illegal side which is without knowing us. However, in any platforms that require selfie and ID verification, I avoided them, basin KYC requirement is quite good like name and email address is usually common and good to go.

Any verification which is on need on face and ID documents is really a big no no for me which if we do really think off that there are lots of gambling sites in the market which doesn't still require KYC

which you could simply switch or jump in and make it as a new place for you to play and continue on the same behavior because sooner or later these businesses would really be complying
these rules and regulations in near future.

When it comes to security then there's no doubt but as you do speak about those risks then this is something where people do really like to avoid.

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Quote from: nurilham on February 07, 2022, 05:20:41 PM

Quote from: RILWAN on February 06, 2022, 01:29:31 AM

What are KYC's advantages and disadvantages.

The negative side of KYC in casinos for me is similar with doing KYC on other platforms, exchanges, and others. It is about the security guarantee of our personal data, if that is exactly secured or not. We know how cruel the digital crimes are if they are using your personal data dan identity. So far, that's one of what we are afraid of.

The pros? Well, probably it is about the requirement from the casino platform itself to ensure that the user doesn't come from the restricted countryies. Additionally, they also want to ensure that the user is real, not the bots or connected account maybe?

^ Less fraud if there is a KYC verification process and that is only pros when there is a KYC but there are a lot of disadvantages on it when a casino required KYC procedures. They can steal our identity and abuse it via selling into the dark market and using our identity on an illegal side which is without knowing us. However, in any platforms that require selfie and ID verification, I avoided them, basin KYC requirement is quite good like name and email address is usually common and good to go.

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Quote from: RILWAN on February 06, 2022, 01:29:31 AM

What are KYC's advantages and disadvantages.

The negative side of KYC in casinos for me is similar with doing KYC on other platforms, exchanges, and others. It is about the security guarantee of our personal data, if that is exactly secured or not. We know how cruel the digital crimes are if they are using your personal data dan identity. So far, that's one of what we are afraid of.

The pros? Well, probably it is about the requirement from the casino platform itself to ensure that the user doesn't come from the restricted countryies. Additionally, they also want to ensure that the user is real, not the bots or connected account maybe?

crzy

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Quote from: RILWAN on February 06, 2022, 01:29:31 AM

Realizing how negatively kyc is seen by many players mostly in cryptocurrency casinos players am confused what kyc does in a casino, why do some casino operators have kyc and others don't have. I email also a part of kyc because most casinos often than not request email. What are KYC's advantages and disadvantages.

KYC verifications are only for the benefit of the site since they can get your details that can give you an access to their site, they are doing this to avoid any fraud and money laundering which they are being obliged to report with. Pros and cons is only for the security of both parties, there are still some site who didn’t require any KYC, you have the option to gamble with them instead.

Topic: Casino KYC how it works and to what effect - page 2. (Read 800 times)