Topic: Casinos not asking for KYC to register and play, but do require it to withdraw - page 8. (Read 12686 times)

You are right, no casino will purposely sell off their customers information to scammers because the casinos are already making too much profit from their company and I don't think their is any amount of money that scammers will offer the casino that will make them sell their customers information. Although, in some situation, it could also be possible that the staffs of the casino could be greedy to the extent that they will steal customers information from the cosino and sell it to scammers just to make extra bucks.

That is another case which can be used as a reference to the fact that even so, sites like Binance are not as safe as many people claim, Some time ago this happened in Colombia and all Colombian citizens were completely blocked Until they did an exhaustive review of each of the Largest funds of the people who were there, therefore this is something for us to be careful about,  I will always say that it is Best to have our funds in a wallet, and from there send them to a casino or something like that, but the more anonymous we are and with more privacy the Better.

My words doesn`t mean that we must publish our data everywhere of course. There are different scam services created for collecting our data and and it isn`t only casino. But they also wants our money and it is what i don`t want to lose. So the main idea is don`t be afraid of KYC but the same time DYOR before sharing your data.

It may be disappointing to some people out there that we have reached this point, but it was inevitable, early on when casinos did not ask for your personal information, this was because at the time the governments were still not worried about bitcoin and the risk it represented to them.

But now things have changed, and governments are very aware that this market is growing at an impressive speed and now they want to gain as much control over it as possible, so it was obvious that such policies were coming.

As much as possible then we would really be wanting on having that kind of privacy on which we do really seek off on which it would really be just that normal and this is the very reason on why
gambling in crypto space is really that making that much attention due to that anonymity thing but when years do keep passing on then we do have seen that when it comes to KYC
then these platforms are already asking it out whether before you do play and on the time that you do make a withdrawal on which it do really sucks big time but since we are making use of their
platforms and since they are regulated or centralized already then you would really be needing up to comply for you to be able to play.

Somewhat there are still places on which you could really be able to make yourself having that gambling experience without having any KYC been done.
But it wont really be that shocking that sooner or later those changes would really be that generally applied and this is something which would really be that inevitable.

Yeah, indeed, when it comes to crypto, it is important for both investors in crypto, traders and even crypto gamblers to keep a really low profile since crypto is still a very new technology, and as it's gaining adoption, it's mandatory or expected that regulations will follow as well, and then the regulators can come up with an unfavorable law, and when that happens, their first targets will be those whom their identity are already known to be deep into crypto.

It's just like what happened between Binance and the Nigerian government after the Nigerian government accused Binance of manipulating the Nigerian currency which caused it to lose value against the dollar, they banned Binance from trading the naira, also arrested some of Binance top executives and demand that Binance release the identify information of the top 100 Nigerian traders on their platform, as well as their entire transaction history respectively. Of course Binance refused.

But this is a big lesson for us all, keeping our true identity low key and only giving it to trusted platform is very important for our good.

At this point everything is an orb, it seems privacy and anonymity is something almost Impossible to achieve, yes, in fact things with our data are Obviously already there, only sometimes one says, that for crypto issues it is better to keep a low profile , because you don't Know what things they can do or demand in the future, it is always good to try to protect yourself, even if you know little but you will try to protect yourself, it may seem Silly to seek privacy at this point, but it doesn't hurt , right?

As long as they have a license then something like this is bound to happen, it doesn’t matter whether there are FIAT casino or crypto casino as long as they are operating under a license they’ll surely request users to complete KYC verification at one point in time.

If you're lucky you might go on without ever being asked to submit your documents but if you're the bug fish type who wagers large amounts and wins big you'll definitely be asked to submit your KYC document verification. I believe by now all gamblers should have already released this and bear in mind that something similar would hit them - and thus be prepared in case it happens.

This seems to be a pretty serious financial problem all over the world right now.  This problem is simply caused by multiple jurisdictions that often do not synchronize financial legislation to a sufficient extent.  And issues such as protecting the rights of players who honestly win big at casinos may not work at all in some jurisdictions.  
Therefore, you are absolutely right that in many cases casino clients cannot receive the money they win.  This is especially true, of course, for those players who, for personal reasons, are forced to remain anonymous.  He simply cannot pass KYC; he is often forced to use VPN and other anonymization means.  And this, I suspect, is a fairly significant portion of all gamblers in the world.

Yes, lots of organizations do the same but don`t call it KYC and people think that it is ok, i don`t know why. You left your email address and name for one resource, name and phone for another, id for one more organization. The result is that all your data in the internet and you need someone to compare it on all these resources. It takes some time, but the result will be like the stolen KYC.


Casino willn`t, but nobody can say that one employee can`t do it. Federal services do the same, why casino can`t?

Thats crazy, but the usual - Basically every FIAT casino does it like that.

No reputable casino would do that, as it would only destroy their reputation and hurt their business, which generates more money than they could earn by selling data to scammers. There's nothing to fear as long as we register with a regulated casino. They will take care of our details the best way they can, knowing they could be penalized if they leak any information.

So the first thing we have to do as a gambler is to research for a reputable casino, and if we are active in the forum, I'm sure it will not be hard for us to find those casinos. I'm not saying it's guaranteed that our information will not be leak, but as long as they have good security, it cannot be hack and sold. So the word "trust" is very important.

The thing is, some people think that it's only when they give out their personal information on casino sites that their details can be sold out to scammers. They fail to realize that even some of those sites that they trusted with their details can also sell their details to scammers. Sometimes, when some people create social media accounts like Facebook or Twitter, they give out their phone number and email address, and there are some scammers who have some machines where they can just input your phone number and get every other personal detail they want. 

You need to know that there are people that can not do without gambling a day and if you are going to advise such kind of person to leave gambling because of KYC then that would not work. Gambling is fun and sometimes it is also good for us to protect ourselves from involvement in things that could make us expose our privacy online. There should be need for gamblers to know what they are doing so that they don't have to do the mistake of privacy exposure that could have a bigger effects on us. I will always prefer a non KYC casino to the ones that are always requesting for KYC.

I don`t use social networks, but my data in internet. In my country when you create your business tax service share your data with banks, mobile phone companies sell your data, etc. As for me - if such organizations share your data - you can don`t care about KYC. Even if your data would be stolen - don`t worry, it was stolen several times before.
I care only about mobile phone(with GA) and debt/credit cards.

You have a point and it is possible that some good casinos are doing just that. This also made me fall back on some financial services online and those who are not casinos but are allowed to hold customers' money like exchanges and brokers. They are in the practice similar to your view and of course, they are better structured than caisnos that are just growing like muchroom everywhere with little or no regulation that can curb their excesses. Had it been it's the financial services and online brokers that are duly regulated you are talking about, then I can agree with you in a way. This is because these establishments work very similarly to banks, so they dare not do something bad that if later exposed could lead them into serious trouble.

I've seen banks and brokers sanctioned to the tune of hundreds of millions of dollars, specifically at a time Barclays Bank which is a liquidity provider for some brokers was sanctioned about half a billion dollars, regulators in such fields are not playing in some countries and industries. But casinos are not part of it. Even if the regulators are strict in some countries, how many casinos are registered in those countries? They prefer weak regulation so that they can get away with a thing like this. Therefore, I believe "most" of the money they earn through cheating is gone for good, this is especially true if you have a huge money there, they may use all means possible for you not to get it.

Though I struggle to understand well all that you have said., let me say that for the part of your comment I understood, you are sure right.
When I started crypto gambling, there was nothing like customers having to pass kyc verification, cryptocurrency holders enjoyed unrestricted access to top casinos without having to pass kyc verification, I guess this was one of the major catalyst that caused many to adopt crypto gambling., instead of the old fashioned fiat.

Fast forward back to today, both crypto and non crypto gambling all require gamblers to pass kyc verification, and this is actually not a surprise to me if I must be honest, for it is what we asked for we are (a kind of) getting, peeps asked the government to start regulating crypto, so that crypto can to mainstream, but we all forgot that government regulation does not come free, there is a price the people always pay, and that price is loss of privacy to their identity.

It is very true what you say, only sometimes the same system is in charge of forcing people to give their data whether or not, I think that in the world there should come a simpler way of not Fighting against the system, where they allow freedom to remain anonymous, with more privacy, but it is very Difficult, in fact I know that through social networks the Information is channeled to know who is who and what things the person thinks , and what position they can occupy in treatment with cryptocurrencies, governments have detection systems with AI and who knows with what other technology where to be anonymous, it would be necessary to delete oneself from Ssocial networks and that is something that currently for many it is impossible to do.

Yes, i do remember those early years when crypto gambling is really just that starting up and wayback there are really just that only few whose that current existing in the market until that
first bull run on which i have experienced on where everything is really that becoming that popular on which it do really ends up on for those people to deal up with this thing without being
exposing their identity on which this has been the main reason on why it did really that making up some noise but eventually on the future years to come then it had become that
making those changes where anonymity had becoming that having those KYC on which on the moment that you do reach up such threshold then you would really be needing
to comply something.

When gambling, of course there is a certain amount of personal data included because this is one of the requirements that must be met when you want to gamble. Even though at the beginning of registration the casino may not submit KYC, that can change when we get a big win, not only that with the money that goes into the account, even if the amount is unusual it can be a problem, I heard when someone has an account and the income is just below average. average, but when a very large amount of money comes in, the person is called by the account company to ask more clearly where the money comes from, this is not much different from gambling which can result in big wins, of course it is natural that we have to fill in or fulfill KYC submitted suddenly by the casino.
because our goal is to cash out the winnings that we have obtained, it is impossible for us not to do what the casino tells us and let the winnings that we have obtained be lost, of course we will fulfill KYC to be able to withdraw the winnings that have been obtained.