Topic: Crypto-Casinos and KYC - page 20. (Read 2424 times)

No and no.
There are a lot of casinos now that offers services without KYC. I think I'll just stick with it.
When we go to a physical casino, do they try and take out our information? No, they just took our money and change it to chips or however they use money in there and we go out the same way.
Trust is mostly the issue here but once they prove their legitimacy I think we don't really need that.
This forum is a good source to find out how good a crypto casino will be. Thanks to all the members sharing their experiences and also deep research by trusted people.

KYC is part of how we respect the government and the system , when we let them have our details they allow them to learn about who we are and what we are.
This will effect a good relationship from us and the system.

Not at all, maybe in some but majority? no way.

I have been playing in Roobet and Duelbits, when Roobet asks for KYC recently ,i automatically replied , and waiting if duelbits will do the same because  i will be gladly comply.

I always hesitate to fill up KYC but most of the time it left me no choice so I have to fill-up the form and play on their gambling site, this is because I believe on their site and I want to experience their services. Some gambling site only ask for your personal details and didn't require any documents to prove your identity, that can be a good option to you if you don't want to submit KYC. I don't know if its safe but I really have to protect my accounts at all cost so I have to use all the possible security so they can't hack me, so far I'm still doing good even if I play and submit my KYC. I guess we all have different insights here about KYC in cryptogambling site.

I rather gamble at fiat casino since I know it wouldn't require much KYC verification before withdrawal so I can save up myself some limitations both during deposit and withdrawal
I just feel this could be the only benefit why KYC in crypto gambling could be considered mostly for internet fruadsters who would like to take advantage of people and deprive them of their hard earned asset.
Kyc verification can serve as medium from preventing a particular user from using an online platform if he/ she is in volved in fraudulent act

For a casino it depends although some registeredb online crypto-casino are safe when it comes to how the handle customer data and helps regulate who partake in each gambling session. I would say yes

I think you raise some good points and I personally would not feel comfortable with handing over personal documentation to most of these online crypto gambling sites. People should be very careful where they send their personal documents, because through either malice or incompetence (through insecurity leading to theft), they could be abused to steal your identity and commit further fraud against you. Most of the online gambling sites I know which accept Bitcoin like to keep themselves hidden behind shell companies, so it is a bit hypocritical at that point to ask players to identify themselves. I have much more faith in bookmakers and casinos regulated in my own country, than a random website which anyone could be controlling, so would stick with fiat deposits if KYC was required to play.

^ For the number 1 question, it will depend. It will depend on the KYC ask if that is through name and address and you can able to withdraw fund within an average user, then, I will go. But if that includes an ID verification or bill of proof and other documents that are hard for us to submit, then I will not use that gambling site. If you don't want to involve yourself in having KYC, there are too many gambling sites that did not ask for KYC verification. Why you need to force your self choosing a gambling site that heavily requires KYC verification. Move to other gambling sites if you don't like KYC.

No. KYC sucks.


I don't feel safe even when I give my passport scan to the coin exchanges and binance is the only one that managed to collect this information. I wouldn't give anything to any online casino that's not different than posting your documents online.

It's actually a case-to-case basis though, it entirely depends on the reputation of a casino, if they are reputable, then I will not hesitate to submit my KYC to gamble. In the first place, it's still easier to gamble with crypto than in fiat. If you submit KYC on exchanges, then I think there's no reason not to submit KYC on a gambling site if you trust them.

I heard there's one casino now that requires KYC, we gotta respect that as that's their rules, besides, we have a lot of option to gamble, we just have to choose, we stay or leave.

KYC is an option on crypto casinos, so simply find the crypto casino that best suits your thoughts, ideals, reasons ... it's simple.

Crypto casinos are a beautiful evolution:
They allow the use of different types of cryptocurrencies, allow minimum bets of up to 8 decimal places unlike its equivalent in Fiat only 2. The Probability Fair in each bet, among other characteristics such as anonymity in your deposits and withdrawals using blockchain technology, then! as you can see it's not just about anonymity.

Most of cryptocasinos are just too shady for me to give them anything so i am not gambling with high stakes in any of them. But if i win big with low stakes, i would be amazed if no one wouldn't ask for KYC. That would probably rise even more red flags for those casinos.

Then again, my id is probably sold many times now in the black market because i wasn't being that careful before. Luckily those IDs expire pretty fast and they will be harder to use.

Asking a crypto casino kinda defeats the purpose of users actually wanting to use crypto anonymously. It's like putting the cart before the horse kind of thing? But then again, casinos are sometimes required by the government themselves to put out KYC restrictions for the sake of security and legality and whatnot, so I can't really blame them. I'd put the government first before users since they are the ones that allow them to actually continue their business. Still, it might have been better to as you said, use fiat instead of crypto if that was the case. Let other companies that have the capability to get a license give us a crypto KYC-free casino instead of filling up the scene with casinos that have KYC.

Of course not. Crypto-casinos are sometimes hacked, and this will likely mean they take your KYC documents, too.
There is no way to tell who runs the casino or what their security policy is. KYC documents should only be provided to respectable companies that follow the highest security protocols.

Having mandatory KYC requirements to play on a crypto based gambling is actually against the KYC just like what you said but on some cases if casinos feel that the players are taking these anonymity for granted to cheat the governments by involving money laundering or by any means then its okay to reveal their identity but still it should not be misused to pay the rewards if someone who won a lot.

Don't reveal your identity, especially the sensitive data like your contact number and address then you are putting yourself under huge risk!

I would stay away from casino which enforces mandatory KYC especially if it is a new platform, but i do not mind providing my identity in trusted casino and infact i have verified my identity in sportsbet which they enforced to make a withdrawal after using them for many years because of network congestion one of my transactions took days to get through and the site considered that as a failed transaction and it took a few days to sort and that is when they asked to verify.
During that period i did verify my identity in stake as well even though they did not enforce.

It will depend on what casino that is getting your KYC if a casino is well known and has established trust within the gambling community just like Stake.com then I would gladly offer my KYC, but in terms of a KYC that may not get you in any kind of trouble is good for me as well.


You can always pick an online casino that you mostly trust that you think and feel safe, and always do your own research in picking one, but if you really don't trust that then you better just play on Fiat online casino than risking your cryptos with unestablished crypto ones.


KYC is not only for the casino's safety but for the safety of your wallet aswell, but if that KYC would invade our private life and taken away your security then that is the time you will need to quit.


If that certain Online Crypto casino is an established one and well known by the Bitcointalk community then I feel really safe handling out my KYC but it is always your decision to make in doing so.


Why would you feel that if you are not doing something wrong and something like this would certainly not often happen.

Not all crypto were made for anonymity, there's a bunch altcoin is centralized and played in many casino. Few top anonymous crypto (e.g. Monero, zcash etc) aren't popular in casino industry, only less casino accept it.

A reputable, trusted and popular casino will always better rather than unknown casino, but there's no guarantee the staff of both casino you mentioned above will not doing bad to you.

It depends case by case, usually casino ask a KYC to verify whether the account is not multi account, money laundry etc.

IMO you need to trust the casino first if you want to give your KYC, so you're feel more safe and confident. If you not trust the casino, better to lose your money instead giving your KYC.

While i inclined to remain anonymous in gambling  yet i also believe that In legit and most trusted gambling site that already exist long years here in forum is reliable in giving my KYC , Am i Safe? not sure but at least we are talking about withdrawal.

So yeah , i will allow KYC because this was already indicated in the casino's that i use to play since then and i know that one day , KYC will be asked specially if i won Large amount for clarification and for my own security as well.

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.