Topic: Crypto-Casinos and KYC - page 4. (Read 2424 times)

These are different questions. The casino can be legal and operate only with crypto. Or the casino can be illegal and work only with fiat. Therefore, if this is important to you, you should clarify both of these issues separately.
Unfortunately, I see that in recent years almost all casinos become legal in one way or another and the meaning of using cryptocurrencies is lost.

When we do read up on most gambling sites nowadays specially into their terms and conditions then you would eventually read up that they would might ask out some personal verification if they do saw something illegal or shady towards our gambling activity.

You would really be able to read in most gambling site terms and conditions this is why that dont get surprised that they would be asking out something
but if you do play without any things get involved or being shady then i dont see that you should be worried.

These platforms are regulated which its not surprising that they are abiding some laws and regulations too whenever there are some circumstances which would really provoke out those kind of personal verification if needed.

That's what I know too but they could ask for it as a mandatory requirement if they want to. But as such, if it's crypto casinos, they're not really mandated to ask for a KYC.
Unless conditions has hit a certain person and he's required to do so.

Many casinos are very tolerant when it comes to asking for KYC, they know that if they ask this information to every single one of their clients then soon enough they are going to find themselves without clients as the majority of the people in this market care about their privacy, this is why you should not worry that much about this, however if you play with a big amount of money then you should prepare yourself and accept that sooner or later you will have to go through it especially if you win a significant amount of money.

That is another problem that will a gambler face in the future if they decide to use a fake identity in the gambling casino. They hope that they can play gambling without a problem and if they can found a casino that does not require KYC, maybe they will stay at that casino without moving into the other casino. I guess there will still be a casino that does not require the member to fills KYC. I will not have a problem using the casino, which requires KYC but that will be better if we give our identity if we want to withdraw big money more than 1 bitcoin.

I don't know this. What crypto-casinos is currently under direct regulation by the government?

For now, only online fiat casinos are mandated by the government, not crypto-casinos, at most.

Correct me if I'm wrong though.

But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation.

But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation.

But we can still hope that the casino will think about the anonymity of their members and not forcing them to fills KYC. Maybe they can make a new rule on their site that will give a chance for the crypto gambler to play anonymously. The crypto itself offers anonymity and freedom to its user, so I think it might be a casino will still have that option for their members. Maybe the casino will give another compensation to the government that wants to know their customer by paying high taxes for that casino.

~snip~

Easy for them to do that but there's always a risk on their side, that's an identity thief or they might not be able to go after the gambling site if they will file a case once the site is scamming its clients because they are not using their real identity. I don't know if there are still gambling sites that will offer anonymous gambling in the future, because wherever they are, as long as they are regulated, the government would always require them to implement a KYC as that is the standard for every government.

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.