Crypto-Casinos and KYC - page 17. | Bitcointalksearch.org

Saisher

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Quote from: MCobian on May 15, 2021, 10:50:08 PM

From all the comments in this thread, almost everyone does not agree that crypto casino enforces KYC. But fortunately almost all crypto casinos
that I actively use now don't enforce KYC, because it is not comfortable to use a gambling platform that enforces KYC. I was also going to register
on the new gambling platforms and was required to submit some personal information, I immediately changed my mind and decided not to join
that gambling platforms.

it's really for your own good if you choose the gambling sites that are not asking a KYC there are many gambling sites to choose from and some of them are not asking, but be careful still they may not ask if you are playing but may do so when you are withdrawing a big amount, and they can always change or circumvent their own rules in their favor.

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It's a bitter pill to swallow you have a good point you win a big amount of money but you will end up sending who you are and where you live and you are exposed unless they have a license and bounty by strict rules and regulations about customers data you will be ok, so it's very important to only pick the right casino to play, it's for your own good and safety too.

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I’m hesitant to use any service that asks for KYC rules to be met. Mostly because privacy is something that can be taken less serious by some people and security loopholes are often found by those trying to exploit a lot of information held insecurely in one spot. Many crypto operations don’t make their owners known easily, so it’s hard to rely on their security practices for your sensitive information.

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I think it is a case-by-case situation. While I generally dislike KYC procedures and don't want to disclose my personal information unless absolutely necessary, many online services require it nowadays.
Many have already pointed out the importance of trust. As long as a casino is regulated and well known and has established trust among the community, I feel somewhat comfortable providing my KYC documents. It's important to do your own research and determine if the risk is worthwhile.

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Quote from: plr on May 16, 2021, 03:36:09 AM

Quote from: savetheFORUM on May 14, 2021, 11:48:09 PM

2- Do you feel safe giving out your KYC to online crypto-casinos?

I'm not a whale and I'm not playing daily, I also don't like KYC even on airdrops or bounty campaigns I don't do KYC but if you happen to win a big amount I don't think you have a choice to say no, or you will lose your opportunity to cash out your earnings, it's either you do it or do not play big money and avoid winning big.

This is the common problem of gamblers especially for those who are cautious on giving out there identity due to there personal reason. Casino are hostaging the jackpot money and ask for a KYC but most of this scenario was never become successful because casino don't want to give money to players and they are just using KYC as an excuse for not giving it.

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Quote from: savetheFORUM on May 14, 2021, 11:48:09 PM

1- Would you gamble at a crypto-casino knowing it would ask you for KYC documents before withdrawal?

This depends on the casino on where I am betting.

Generally, I would avoid casinos that ask for KYC documents primarily due to security and privacy reasons. The fact that one establishment has your personal records (i.e. addresses, names, etc.) puts you in a position where you risk your daily life knowing that they know your address. Metaphorically speaking, it's like there is a sword of Damocles hanging on to you.

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2- Do you feel safe giving out your KYC to online crypto-casinos?

This would be my exception to providing my KYC to certain casinos.

In adherence to my previous answer, the reason on why I avoid KYC is due to privacy and security reasons. But if the casino is relatively famous and well-known among the online world, then I would feel less terrified and nervous. Although such fact alone may still put you at risk, the fact that you gamble online already puts you in that kind of situation.

plr

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Quote from: savetheFORUM on May 14, 2021, 11:48:09 PM

2- Do you feel safe giving out your KYC to online crypto-casinos?

I'm not a whale and I'm not playing daily, I also don't like KYC even on airdrops or bounty campaigns I don't do KYC but if you happen to win a big amount I don't think you have a choice to say no, or you will lose your opportunity to cash out your earnings, it's either you do it or do not play big money and avoid winning big.

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I know that it is important to filter their gamblers and keep the business running.
They need to know if their gamblers are in legal age to use their site.
But it is hard to send those sensitive or personal information to random site so it would depend on how I trust them,
If they have a good background and partnership then why not,
But if their new and doesn't have any background then it would be hard to trust them.

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Quote from: savetheFORUM on May 14, 2021, 11:48:09 PM

I have 2 questions which I would like everyone to please answer and based on the answers can we can have a clear picture.

1- Would you gamble at a crypto-casino knowing it would ask you for KYC documents before withdrawal?

2- Do you feel safe giving out your KYC to online crypto-casinos?

In short my answer is Yes for both questions. As for 1 - I think it became standard practice in todays world to have to use KYC. Gambling online for a few years now, and played online poker for probably 10 years, and had to always do KYC verfications. It is just a protection for the casinos since they are giving away a lot of money through their bonuses - like 100-200% deposit bonus. As for 2 - It depends on the casino, if it is a casinos who has been around for many years, then I totally feel comfortable to give away my infortmation. But if it is a completely new casinos without a track record, then I will do some research online for some reviews and see if it is really legit and if they don't will missuse our data.

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Quote from: STT on May 16, 2021, 01:13:56 AM

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I am still not comfortable verifying myself at a lesser-known crypto casino.

I thought KYC might be standardized years ago but still now it appears to be every site does this individually. Some might fear KYC but I would not expect the user themselves to be held responcible for a failure in a system, clearly any scanned documents should be watermarked to stop them easily being passed round.

It is just a matter of time when KYC will be a mandatory thing in crypto casinos in the future. Once it comes to regulation (government or license), casinos wont be able to avoid it and they should follow the regulation if they want to continue the services. It is obvious that not all people are welcome with KYC so it is our own choice.

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Quote from: xSkylarx on May 16, 2021, 12:32:56 AM

It is obvious that these new gambling websites have bad motives to their users. If they really want to compete with the popular gambling platforms, they won't require KYC. I just wonder now if people still comply with the KYC of those new platforms because they often give bonuses to their new users as a way to attract them. For me as long as there are trusted gambling platforms that doesn't require KYC then I would definitely avoid these new platforms that are asking for personal information.

It's hard to assume that most newly launched sites in general have bad motives just because there's KYC, even without KYC it's still not enough to make any gambling site successful since there's so many reputable casinos already. If you look at it in a different perspective maybe they're just trying their best to stop abusers and cheaters since this is one of the main problems on most gambling sites that doesn't have KYC.

STT

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Quote

I am still not comfortable verifying myself at a lesser-known crypto casino.

I thought KYC might be standardized years ago but still now it appears to be every site does this individually. Some might fear KYC but I would not expect the user themselves to be held responcible for a failure in a system, clearly any scanned documents should be watermarked to stop them easily being passed round.

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Quote from: savetheFORUM on May 14, 2021, 11:48:09 PM

I have 2 questions which I would like everyone to please answer and based on the answers can we can have a clear picture.

1- Would you gamble at a crypto-casino knowing it would ask you for KYC documents before withdrawal?

If i find that casino Great and legit? then i will play but with Small amount at a time because i am afraid of being asked for KYC once i win big time since this is all the issue every time .

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If a player cheated the casino by any means, then the casino should just ban the player because asking for KYC is not going to solve the case.

Sometimes They cannot just banned the account because most reason of cheating is having multiple account and asking KYC will answer what they wanna look at.

Quote

2- Do you feel safe giving out your KYC to online crypto-casinos?

I'm totally disagree.. I played in crypto gambling because of anonymity and asking this from me will break that essence .

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Quote from: MCobian on May 15, 2021, 10:50:08 PM

From all the comments in this thread, almost everyone does not agree that crypto casino enforces KYC. But fortunately almost all crypto casinos
that I actively use now don't enforce KYC, because it is not comfortable to use a gambling platform that enforces KYC. I was also going to register
on the new gambling platforms and was required to submit some personal information, I immediately changed my mind and decided not to join
that gambling platforms.

Might be because the amount you're betting is still small. Most casinos would actively ask for KYC when you go past a certain amount at times, plus, afaik there are also casinos where you can directly buy funds from their site using your card, so that's still technically you giving out your own details to their site. Easily avoidable if you only play small-time, kind of a pain to avoid if you're a big player. There are also instances where you get connected via your names though, but that's mostly just the work of someone stalking you really hard.

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Quote from: MCobian on May 15, 2021, 10:50:08 PM

From all the comments in this thread, almost everyone does not agree that crypto casino enforces KYC. But fortunately almost all crypto casinos
that I actively use now don't enforce KYC, because it is not comfortable to use a gambling platform that enforces KYC. I was also going to register
on the new gambling platforms and was required to submit some personal information, I immediately changed my mind and decided not to join
that gambling platforms.

It is obvious that these new gambling websites have bad motives to their users. If they really want to compete with the popular gambling platforms, they won't require KYC. I just wonder now if people still comply with the KYC of those new platforms because they often give bonuses to their new users as a way to attract them. For me as long as there are trusted gambling platforms that doesn't require KYC then I would definitely avoid these new platforms that are asking for personal information.

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I don't play at any crypto casino which asks for KYC upon withdrawal. But it is also a reality that even my favorite casinos that do not ask for KYC could also demand for it anytime. There is always a clause in their terms and conditions that KYC may be required from any customer if suspicious activities are observed.

I don't feel safe giving away KYC information to crypto casinos. I know that personal information will be handled properly and securely but we never know when a leak or a hack would occur.

MCobian

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From all the comments in this thread, almost everyone does not agree that crypto casino enforces KYC. But fortunately almost all crypto casinos
that I actively use now don't enforce KYC, because it is not comfortable to use a gambling platform that enforces KYC. I was also going to register
on the new gambling platforms and was required to submit some personal information, I immediately changed my mind and decided not to join
that gambling platforms.

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Quote from: Joca97 on May 15, 2021, 12:23:07 PM

Honestly i wouldnt gamble in a crypto casino that asks me for KYC but if i got big cashout i guess i will have to give it.
But i prefer the ones that dont ask for it

I also prefer to gamble in casinos that not asking for kyc, and its our right to refuse if we dont feel to abide and want to remain anonymous while playing. However there's an exception and that is if we have a big amount to cashout (just like what you've said) its necessary so I guess there's no choice but to comply.

Nevertheless we have an option on where to gamble thus if you're not into kyc then choose a casinos that are not asking for it since many of them still has no such regulatory requirement.

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We don't have to settle for those casinos that gets to ask us for a KYC.

Quote from: Hamphser on May 15, 2021, 07:29:36 PM

But just like what others been saying that as regulations gets strict then you would really see these kind of changes in future years to come.
It isnt really that appealing but they dont have choice.

We might not have a choice if they do that but we have a choice to choose another plaform that don't ask that much and we're free to deposit and withdraw anytime without being asked for a kyc.

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Quote from: Twinkledoe on May 15, 2021, 07:15:51 PM

Quote from: ene1980 on May 15, 2021, 07:09:50 PM

Mostly everyone here usually avoids casino who ask for mandatory KYC and then there are some casinos who asks to verify when you win big and i am skeptical about those casinos as well because they might be looking for ways to avoid paying the winner and we have seen many complaints here in the forum regarding that as they will target on the technicalities about banned countries and so on to avoid giving out the wins. I usually avoid those kind of casinos as well as it is better to inform the users about their general practice whether they will enforce or not before depositing the money.

Since I am just a small time gambler, I guess, I won't have any problem with that. Grin

But for those casinos that suddenly ask KYC because the player wins big, and it is not stated in their ToS that they will require KYC, then more than likely, they are just finding reasons on not to pay the player. So it is always better to play in the known and reputable casinos in the forum. You know, you will not be screwed as there are known users here in the forum that will willingly help you out with the situation.

Therefore, you shouldnt really play into those casinos which arent really popular so that you would able to avoid it in case you do win big but ive seen several sites now which does pay big winnings
no matter how big it is but they dont ask out any KYC or strings attached which is impressive.

But just like what others been saying that as regulations gets strict then you would really see these kind of changes in future years to come.
It isnt really that appealing but they dont have choice.

Topic: Crypto-Casinos and KYC - page 17. (Read 2424 times)