Crypto-Casinos and KYC - page 2. | Bitcointalksearch.org

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Quote from: john_nautica on July 03, 2021, 12:04:55 PM

I see where you are coming from and I totally agree with what you said. Although I would also play and provide a KYC if asked by a reputable company of a crypto-casino, it will never make me confident and secured that my information goes out there and is known by someone else with the risk of being leaked or used for ill faith purposes.

I would agree with you if you were about to choose which casino to use then chose the trusted one even you know will as for KYC. However, i would also think about the reason to use a casino working with crypto at first place. Crypto provides more anonymity that should be saved for some major reasons.
Even with the most secure compagnies, never be confident that your info won't be leacked for a reason or another .

just_Alice

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Quote from: harizen on July 03, 2021, 08:20:19 AM

Quote from: just_Alice on July 02, 2021, 07:29:11 PM

On the other hand, I don't understand why everyone is so angry about these verifications, it's not like the casino will expose your data to the media,

It's because it's not how crypto-gambling sites should be. It's totally different from other crypto platforms like crypto exchanges. Gamblers shift into crypto gambling because of the advantages of using crypto. Gambling sites should not be mandated just like the crypto exchanges.

KYC shouldn't be a necessary requirement when we want to play on crypto-gambling sites. Remember that there are lots of gambling sites and on average, we do gamble to at least more than 5 of them.

Will you comply with KYC at all sites you are using if they will ask you to do it even you are just a casual gambler or small bettor?

I don't think so, normally I'd also choose the option with no KYC verification, but in case you receive bounties and large bonuses from the casino, which helped you to gain a lot of profit - I think that's the action one should be willing to take, especially if this request was indicated in the ToS, that's all I'm saying.

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Quote from: Fortify on July 03, 2021, 11:10:50 AM

Quote from: harizen on July 03, 2021, 08:20:19 AM

Quote from: just_Alice on July 02, 2021, 07:29:11 PM

On the other hand, I don't understand why everyone is so angry about these verifications, it's not like the casino will expose your data to the media,

It's because it's not how crypto-gambling sites should be. It's totally different from other crypto platforms like crypto exchanges. Gamblers shift into crypto gambling because of the advantages of using crypto. Gambling sites should not be mandated just like the crypto exchanges.

KYC shouldn't be a necessary requirement when we want to play on crypto-gambling sites. Remember that there are lots of gambling sites and on average, we do gamble to at least more than 5 of them.

Will you comply with KYC at all sites you are using if they will ask you to do it even you are just a casual gambler or small bettor?

I think that anonymity is one of the only benefits you could get from using a cryptocurrency gambling site, so if you don't have that then you might as well be gambling with fiat money. On that note, it works both ways - I am happy to gamble on a site that has built up a solid reputation with active support, regardless of where their operation is based, however I am definitely not comfortable handing over personal documents to such a company. Identity theft is a very real threat that can cause a lot of ruin and handing over such verification documents can lead to a whole load of problems for you in future if they leak out to the wrong people.

I see where you are coming from and I totally agree with what you said. Although I would also play and provide a KYC if asked by a reputable company of a crypto-casino, it will never make me confident and secured that my information goes out there and is known by someone else with the risk of being leaked or used for ill faith purposes.

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Quote from: harizen on July 03, 2021, 08:20:19 AM

Quote from: just_Alice on July 02, 2021, 07:29:11 PM

On the other hand, I don't understand why everyone is so angry about these verifications, it's not like the casino will expose your data to the media,

It's because it's not how crypto-gambling sites should be. It's totally different from other crypto platforms like crypto exchanges. Gamblers shift into crypto gambling because of the advantages of using crypto. Gambling sites should not be mandated just like the crypto exchanges.

KYC shouldn't be a necessary requirement when we want to play on crypto-gambling sites. Remember that there are lots of gambling sites and on average, we do gamble to at least more than 5 of them.

Will you comply with KYC at all sites you are using if they will ask you to do it even you are just a casual gambler or small bettor?

I think that anonymity is one of the only benefits you could get from using a cryptocurrency gambling site, so if you don't have that then you might as well be gambling with fiat money. On that note, it works both ways - I am happy to gamble on a site that has built up a solid reputation with active support, regardless of where their operation is based, however I am definitely not comfortable handing over personal documents to such a company. Identity theft is a very real threat that can cause a lot of ruin and handing over such verification documents can lead to a whole load of problems for you in future if they leak out to the wrong people.

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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?

No, I would not to be interested to play any gambling site who could ask about KYC before making withdraw. Even I would not also be interested to do KYC in a new crypto exchange or anything else in crypto.

Quote

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

No, I don't feel it's safe. Personal Information is very important stuff in internet. If we don't make sure our own privacy in the internet maybe we could be faced some huge problem in life.

harizen

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Quote from: just_Alice on July 02, 2021, 07:29:11 PM

On the other hand, I don't understand why everyone is so angry about these verifications, it's not like the casino will expose your data to the media,

It's because it's not how crypto-gambling sites should be. It's totally different from other crypto platforms like crypto exchanges. Gamblers shift into crypto gambling because of the advantages of using crypto. Gambling sites should not be mandated just like the crypto exchanges.

KYC shouldn't be a necessary requirement when we want to play on crypto-gambling sites. Remember that there are lots of gambling sites and on average, we do gamble to at least more than 5 of them.

Will you comply with KYC at all sites you are using if they will ask you to do it even you are just a casual gambler or small bettor?

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Quote from: tabas on June 29, 2021, 07:27:10 PM

What the other gamblers are worried is that they're expecting that even if they do not do anything, they'll be asked for a kyc.

I don't see any complaints yet where gambling site asked their users to comply with KYC even they don't do anything.

Usually, gambling sites asked KYC for the first time if they saw an account winning a big amount, violation of terms, bug abuse, promotional and events abuse, and many more. If the user is not doing anything related to those I have mentioned, I don't think KYC will be requested so no need to worry.

To prevent that, then play with the big sites instead that don't have an issue or terms about KYC.

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Quote from: Silberman on July 02, 2021, 06:44:04 PM

It is difficult this is actually going to happen, I mean the player is the one that out of their own volition is playing at the casino and as long as the TOS was respected and the casino is probably fair then there is no reason the casino does this, is it unfair? In a way I think, but they are not forcing anyone to play at their casino so you are the one that needs to follow their rules and not the other way around.

Yeah, that's why I avoid playing on casino sites where Identification or verification becomes mandatory before playing on their platform. So as long as there are crypto gambling sites that do not require KYC, I will continue to play there. Yes, I know that others can request KYC later if it is really necessary and I am aware of that ToS, I am ready to do it and follow what they ask me to do when I know it is in accordance.

just_Alice

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Quote from: imstillthebest on July 02, 2021, 05:29:52 AM

Quote

and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

this is true .
there are some sites that offers exclusive promotions but only to the costumer that have verified his account and verifying account can include a kyc .

To send offers and bonuses they only need an email, so knowing the identity for such purposes is unnecessary. Why should the casino care who you really are, when instead they can judge you by your performance on the platform (e.g. how much money do you spend, how often do you gamble), that would be fair.

On the other hand, I don't understand why everyone is so angry about these verifications, it's not like the casino will expose your data to the media, or tell on you to your government where gambling might be illegal. KYC can be long and tedious, but IMO there's nothing so horrible about it, if you're not a well-known criminal, of course Cheesy

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some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

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Quote from: Text on June 29, 2021, 07:23:42 PM

What if we reverse the situation? The gambler will request KYC at a casino when they lose big? Yes, they have control over our account, and they can do what they want and say that someone suspiciously created an account such as multiple accounts even though there isn't any, they also don't provide evidence on the allegations, and then they go in, they demand Identification.

It is difficult this is actually going to happen, I mean the player is the one that out of their own volition is playing at the casino and as long as the TOS was respected and the casino is probably fair then there is no reason the casino does this, is it unfair? In a way I think, but they are not forcing anyone to play at their casino so you are the one that needs to follow their rules and not the other way around.

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Quote from: tippytoes on July 01, 2021, 07:46:42 PM

Quote from: passwordnow on July 01, 2021, 06:37:57 PM

Quote from: Google+ on June 29, 2021, 07:42:37 PM

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

That's no positive side. They won't ask you KYC just for you to get the positive side. A kyc isn't just all about emails, you'll be sending your personal identity to them and if they're going to offer us some good and interesting offers or promos, our emails shall be enough for them to send it. But in some casinos, they give incentives and that's what I think you're saying but not all of us likes to have it unless you're really relying on that casino and you're benefiting from it.

Yes, KYC entails a lot more than email but actual identity of the player like submitting the passport or any valid ID. Some are even requiring to send a bill payment where your address is indicated. So if they just want to send you offers/bonuses, they can easily do that by using your email. KYC has different purpose to the casino and that is to validate the identity of the user. Or some will require this when the user got large winnings, and the casino wants to delay the payment or they don't want to release the winnings.

Not just large wins but also some activities that they suspect to be unauthorized through changing of the normal activity by that gambler. And that's why they want to ask you your identity to see if you really are that person and nothing has changed. It really depends to the casino and it's no longer a secret that there are casinos that will surprise you with a kyc even if you're doing nothing but because of those few reasons, you'll figure it out that's why they've asked you for it.

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Quote from: Google+ on June 29, 2021, 07:42:37 PM

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are

yes because can be tracked easily if found out that they are cheating or only uses the casino to launder money .
on some cases a casino request kyc if the gambler has an issue with his account and wants it to be fixed .

Quote

and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

this is true .
there are some sites that offers exclusive promotions but only to the costumer that have verified his account and verifying account can include a kyc .

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Quote from: passwordnow on July 01, 2021, 06:37:57 PM

Quote from: Google+ on June 29, 2021, 07:42:37 PM

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

That's no positive side. They won't ask you KYC just for you to get the positive side. A kyc isn't just all about emails, you'll be sending your personal identity to them and if they're going to offer us some good and interesting offers or promos, our emails shall be enough for them to send it. But in some casinos, they give incentives and that's what I think you're saying but not all of us likes to have it unless you're really relying on that casino and you're benefiting from it.

Yes, KYC entails a lot more than email but actual identity of the player like submitting the passport or any valid ID. Some are even requiring to send a bill payment where your address is indicated. So if they just want to send you offers/bonuses, they can easily do that by using your email. KYC has different purpose to the casino and that is to validate the identity of the user. Or some will require this when the user got large winnings, and the casino wants to delay the payment or they don't want to release the winnings.

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Quote from: Google+ on June 29, 2021, 07:42:37 PM

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

That's no positive side. They won't ask you KYC just for you to get the positive side. A kyc isn't just all about emails, you'll be sending your personal identity to them and if they're going to offer us some good and interesting offers or promos, our emails shall be enough for them to send it. But in some casinos, they give incentives and that's what I think you're saying but not all of us likes to have it unless you're really relying on that casino and you're benefiting from it.

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Quote from: Google+ on June 29, 2021, 07:42:37 PM

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

I don't understand what are you trying to point there. Can you explain clearly?

Do you mean a recognition of the gambling site on the location/area/region of that one that will be involved in their KYC? I can't see any connection in both particular cases.

If KYC is requested by those large winnings, there is no other purpose of it rather than the site wants the personal information of the winner.

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Quote from: Google+ on June 29, 2021, 07:42:37 PM

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

I have not heard anything funnier! Do you really think this is an equivalent exchange - to give your data (when withdrawing a large amount of money) to someone who is not 100% reliable and in return to receive the opportunity to receive some kind of spam offer in the future? I don't think there is a person in the entire universe who would be interested in such an exchange.

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Quote from: goinmerry on June 24, 2021, 07:09:01 PM

Quote from: tabas on June 24, 2021, 02:24:40 PM

Yes, you shouldn't be surprised when they ask but most of them too are not really pushing that as long as the user is clean. And those users that have been asked for it.

Gambling sites just asked for additional KYC for big withdrawals or alarming winnings. In that case, users just have to be true to themselves.

KYC is just for the account's unique profile so that in case of attempted big withdrawals, it can't be allowed easily if the account was hacked and the only one who can withdraw that is the original user.

Another one if the account has an unusual activity. That is subject to account fraud and KYC might be imposed on that account.

What the other gamblers are worried is that they're expecting that even if they do not do anything, they'll be asked for a kyc. But that's wrong and they shouldn't worry with that because as long as those withdrawals that they create as not that much and it's not alarming the casino they gamble.
They can keep going on without being asked for the kyc.

Text

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What if we reverse the situation? The gambler will request KYC at a casino when they lose big? Yes, they have control over our account, and they can do what they want and say that someone suspiciously created an account such as multiple accounts even though there isn't any, they also don't provide evidence on the allegations, and then they go in, they demand Identification.

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Quote from: chaser15 on June 26, 2021, 07:43:18 PM

Quote from: bL4nkcode on June 26, 2021, 07:07:52 PM

What people/gamblers can do is to minimize the damage, and only play or give your personal info to those known long-running reputed website.

I agree if there's no choice after all.

Gamblers should be ready to comply with KYC especially if big winnings are experienced in the progress. We have no choice after all if that's the requirement before we can claim big winnings since we want that money. But for small winnings or something below $5,000 for example, KYC shouldn't be trigger here. Only for alarming, unusual, or something like that.

In a perfect world for us which like to keep our privacy we could gamble and win as much as we could and never have to go through KYC, but things do not really work like that, so as you say if someone earns a big prize then it is natural to go through KYC, however this is why it is important to choose a good casino from the beginning, as there are many people that get lucky and are happy about it and then get hit with a KYC request and then they are doubtful about doing it since they gambled in a casino with a dubious reputation.

Topic: Crypto-Casinos and KYC - page 2. (Read 2424 times)