Topic: Crypto-Casinos and KYC - page 16. (Read 2424 times)

Loose KYC policy + cryptocurrency support seems an excellent combination. I'd go to reputable mainstream online casinos if I want to play with KYC, not Curacao licensed crypto casinos.

True, it's better they ask KYC before any deposit. It's not funny when they ask KYC when we won and want to withdraw the money.

If they have tiered KYC levels, such as LV.1 -> phone number, name, etc. without asking users to upload documents and selfies, that would be nice.

I can respect some casino who adding required KYC before using their service. most likely about money laundry and legality for their customer. as we know some casino restricted some area for using their services. they didnt want their legality had problem because they didnt even know who using their service before hand . and also KYC in most gambling platform only formalities and they wont making harder registration for their new user.

Cryptocurrency anonymity may not prevent a betting site from verifying your identify or having public key to your decentralized private identity. You can continue to be anonymous after they've been able to safely link your activities to a decentralized/p2p ID.
I think we need the right kind of kyc and anonymity in Crypto space. It has to be safe "Kyc" and Anonymity. Things has to be done better and uniquely in the space. They could invest in a Decentralized I.D system rather than use the risky centralized method. Their unique solution will make their business more attractive to those who want something better and safer than what traditional betting sites offer.





* Bet, but don't Gamble. Wish you Safe Bet!

Seeing as this is a question about KYC I would recommend everyone, that hasn't already, to check out the fantastic post 1miau made about the dangers of KYC. https://bitcointalksearch.org/topic/why-kyc-is-extremely-dangerous-and-useless-5221497. It could make you think twice about casinos that use KYC so inform yourself before you make any decision that could hurt you in the long run.

It is better if the website does not need us to fills KYC as we want to keep our documents in our hands. I am sure many casinos will still protect their members' identification by not applying KYC for them because the crypto casino knows that anonymity will be important for people who use crypto. We need to be careful to handle our document and not verify our account or send the document to the suspicious website as we do not know if they can take care of our document or use it for their benefits.

I have a negative attitude towards KYC as lately our personal information is being stolen and used without our consent. In addition, I don't think any gambling provider can ensure 100% security of our personal data. No one knows what their leaks could lead to. I am in favour of giving my personal information and allowing it to be processed and stored only in exceptional cases.

Being careful should be a given thing when you are providing a KYC to a website because if you aren't then you will probably be a victim of stolen identity because you aren't careful as to which site you are giving your personal information.

All matters with trust but even into those reputable or known websites or companies out there we cant still give out 100% assurance that those information we sent out is totally safe.

Always mind off about the probabilities of those information to be leaked or somewhat exposed off but if there nothing you should hide then why would worry off?

Lots had been giving out value into their identity which is understandable but there are times which we make ourselves way too paranoid.

And in terms of crypto casinos, it is better to trust your funds from the casinos that can be found here in the forum.
There are several of them that are really trustworthy and you know that you will have no problem reaching out to their team.
If in case they require KYC, only trust your details to few sites that you know are totally legit and authentic.
And usually, most top casinos here don't require KYC, unless you are a big whale and you surpass their min limits.

Kyc seems normal nowadays but we need to double check what website we are doing it. Kyc were required now in many countries to provide details if their customer for the business permits in whenever country that casino or exchanges staying, as long as we know that the website or casino is legit and have names to take care eith then having KYC is not really a problem.

I also feel the same, I'm not comfortable providing my personal information, though I'm not that heavy gamers'
just playing using some small spare and enjoy.


For those who use big amount of money, they are require to complete this KYC as government requires every business
to provide this information, else, they can level them doing illegal things such money laundering.

Well, why worry about that when your government already sold your data to companies without your consent so I don't think that it would matter if they have KYC, most of the time, these KYC aren't that demanding.

See all of this it actually depends where you are giving out the KYC. For example:-
1. If a casino that I am very familiar with and is also active on the forum decides they are going to make it more secure using the KYC, I would not deny it.
2. If a casino is new and not much is known about it then I would actually try and play at some other casino.
3. See there are casinos which actually provide people to just sign up and you are done ! So if am in a hurry I would just go and use those kinds of casinos.
4. I highly think that the employee would not hunt you down until and unless it is a local casino. Most of them are owned by people all around the world and at the same time licensed by the government of Curacao and they won't really travel all around the world to just come and do a possible theft. They would indeed need a lot of money for it.
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This is not new in fact there are a lot of reports in the scam section about changing the rules from no KYC to KYC this is something that gamblers should expect to happen, if you are not ready for this then don't play a huge amount of money, I noticed only those with big wagers and withdrawals are asked for KYC, many gambling sites are in a habit of changing their rules regarding KYC so it's better to be updated on changing their rules you can always change or shift to other gambling sites anytime.

Some casinos will do that in order to avoid paying the high amount to the player. They will find a way how to stall the payment, this is why, it is better to play in reputable casinos in the forum. Because if something goes awry and you know you are not violating any of their ToS, members from here will help you out in your situation. This is why, if you stick in the casinos that you can find here, the likelihood of resolving your complaint is high.

Sometimes some gambling platforms don't require KYC when we first register, but when we win in large numbers. Suddenly we are asked to verify
KYC first to be able to withdraw the winnings. But we can't do anything if that happens, because we need the winning money and the owners of
the gambling platforms are free to enforce the rules they want. So there is no other choice but to do KYC as the gambling platforms want.

The KYC question is difficult. The documents are checked by professional companies that specialize in KYC checks rather than by casinos (although things can be different at different places, of course). I wouldn't feel very inclined to share my identity online like that, but there's also a bigger problem with KYC that I've learned recently. A friend of mine got a KYC check at a crypto casino, and I was helping him pass it because he didn't manage to do it on his own. And we couldn't get is right together either, even though we had all documents in place and did our best! You load an ID, and then a utility bill. At first, it says that it's all uploaded successfully, and then tells you that your utility bill image is not clear enough (even though it's a high-quality photo). And then the next time you're loading that same ID photo, but a different utility bill where the address is typed in with larger letters, but now it says that the ID birthdate doesn't correspond to the information you've previously provided, even though it totally does correspond and the website had no problem with the same photo during the previous try. So passing a KYC, as I've learned from this experience, can also take a long time and become a really difficult process, even if you provide truthful and real documents.

No. I mainly play poker and the crypto poker offer does not appeal to me. If on top of that I had to go through a KYC process even less.


Well, kinda. As someone has pointed out before, in a hypothetical situation, that I had to provide my data if it were a casino with a long history and a great reputation I might feel somewhat safe.

We have our choice, whether playing gambling on the casino which applies KYC or not and we will have our favorite casino to playing gambling. But for me, I do not want to play on the casino, which applies KYC because that means, I need to verify myself before I can withdraw. I don't need to verify my account as I do not play gambling too often, and I do not use gambling to make money. If you are a high roller and already sent a document to the casino, you need to be careful as the casino can do anything with your document.

Yes, but it depend on the reputation the casino has. But on several occasion, I tried to stay away as much as possible.

Of course not, although a casino can be trusted due to its reputation, there is no guarantee that a user's identity will never be leaked in the future. KYC is one system that is still being discussed between the pro and con. Some people may agree because on the other hand KYC can prevent fraud and illegal acts, while others still care so much about privacy that they will distance themselve from platform that require KYC.