Topic: Crypto-Casinos and KYC - page 18. (Read 2424 times)

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.

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?

My opinion: No, because fiat casinos offer much better services, odds, and games so I would never want to do KYC at a crypto casino and if I was going to do it, I would rather play at a fiat casino like bet365. There are countless options of exchanging your Bitcoins to skrill/neteller and deposit to play. I don't think that's a problem for anyone so unless crypto casinos offer better services, I won't play there if KYC is required. On top of everything else, the main reason why crypto was made was to keep ourselves anonymous and if crypto casinos should follow the same path.

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.


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

My opinion: After the documents are sent, they go through a number of people and online casinos keep changing their staff from time to time and in some case, if a staff member knows my address and in case I am a high-roller I would be in some serious trouble because the staff member can track me and even blackmail me to some extent. I am ok with giving my identity to known sites like bet365 or williamhill but I am still not comfortable verifying myself at a lesser-known crypto casino.

Well, I know different gamblers have a different perspective of the way in choosing the right gambling site, some of them are afraid of KYC but there are some willing to undergo KYC or it is never minded to them. Perhaps this is a part of what we called, ^{[reputable gambling site]}, once we said reputable, it also regulated by the law, and of course, they have a license to operate and also regulated as well. What if KYC is one of their requirements to achieve their goals to becomes the most reputable gambling site, perhaps they will accept it and follow the law. However, there is nothing to worry about if someday all gambling will have this KYC implementation.

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?

^[snip]
so for those gamblers who prefer not to undergo KYC, why not play in reputable casinos here?

Actually,  it is quite hard to decide because doing KYC is very risky,  morever should involve our real identity nationality.  Personally,  I will prefer to non KYC platform.  Because it will not need to think about who we are playing that game or bet in the platform.  
About safe or not,  it will depend on the platform.  Most platforms will tell that they are secure,  but we cannot guarantee.  Besides,  they are real reputable and trusted platforms.

That's it, even on my side and when I'm using cryptocurrencies to gamble. When is the word decentralized in cryptocurrency if there is a KYC thing upon using gambling sites. I guess the good thing is to disable the cryptocurrencies option upon withdrawal and deposit if there's a KYC verification on our account.

I'd rather stay away on that gambling site find another one, I guess not all gambling sites that impose KYC implementation on their users. No, I don't feel safe giving my identities to the sites that didn't have enough reputation to trust. As much as I have an option to choose another one, I'd better switch to another house to stay and play.

As stated in the post, it all depends on the reputation and the trust of that particular platform. If it is a new site, surely I'll think of giving KYC. Data gathering is a big business, even our data can get shared. I've seen different gambling sites getting launched with perfect functioning and gets ended within few weeks time. Those sites might've made money through the collected data.

Actually,  it is quite hard to decide because doing KYC is very risky,  morever should involve our real identity nationality.  Personally,  I will prefer to non KYC platform.  Because it will not need to think about who we are playing that game or bet in the platform. 
About safe or not,  it will depend on the platform.  Most platforms will tell that they are secure,  but we cannot guarantee.  Besides,  they are real reputable and trusted platforms.

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

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

My opinion: After the documents are sent, they go through a number of people and online casinos keep changing their staff from time to time and in some case, if a staff member knows my address and in case I am a high-roller I would be in some serious trouble because the staff member can track me and even blackmail me to some extent. I am ok with giving my identity to known sites like bet365 or williamhill but I am still not comfortable verifying myself at a lesser-known crypto casino.