Crypto-Casinos and KYC - page 6. | Bitcointalksearch.org

AicecreaME

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Quote from: stadus on June 14, 2021, 05:52:27 PM

Quote from: seleme on June 14, 2021, 05:41:20 PM

Tbh, I feel safer on anonymous casinos but the situation has changed a lot since the regulation brought up to crypto casinos. The fiat casinos have some advantages over crypto casinos but the disadvantages are possible for high rollers. You can place over $500k in crypto gambling websites but your account will be frozen by management for the same amount in fiat casinos. Before registering account, reading the terms of service helps a lot how much users wanna risk without KYC.

Not only it will be frozen, but it's also easy for the casino to go away taking that huge money because in this industry it's easy to make a new casino since it's anonymous. Actually, I believe that crypto casinos usually attract small bettors but they are still making huge money because they are getting the volume of gamblers, and I think it's not too risky for gamblers that way and they'll take it than abiding on the KYC that fiat casinos normally implements.

Imagine, even if you are an underdog, you can gamble here since you can lie on your age when you sign up, and since there's no KYC, you can freely gamble without any problem as long as you don't gamble a lot that would ring a bell on the casino.

I agree.

But some cryptocurrency casinos are that sensitive in where they still requires KYC verification before you could cashout your winnings or profit in your account no matter how small they are, but still, you could fake out your KYC somehow if they are not gonna ask too much like requiring your proof of residency as well which in my opinion is too much for KYC verification.

Since it's about your identity, my suggestion would be, never risk your personal information just to get your profits in gambling, well unless it's really big then I guess it should be worth it, but if not, just don't.

The Wasp

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Quote from: michellee on June 16, 2021, 05:38:20 AM

I am sure there will be a solution for the members who do not want to give their personal information to the casino or the government.

I hope so too. I have never given personal information to any gambling sites and I hope I will never even have to. As long as there is an option to gamble anonymously, I avoid casinos that require KYC verification. If this becomes impossible, I will stop gambling.

It seems to me that a lot of people are unaware of the potential dangers of their personal information being misused for criminal purposes.

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Quote from: michellee on June 16, 2021, 05:38:20 AM

Quote from: carlisle1 on June 15, 2021, 09:59:42 AM

It would be better if there's still site who can facilitate and offer anonymous gambling since we are inside crypto,
if there's site who can allow players to stay anonymous.

Though we all aware that government will come and chase those legal sites and ask for implementations of their rules.
It's not that easy to weigh if you are the owner, knowing that risk from the government will hurt your business.

Let see if how or what adjustment can be done here.

There will be a crypto gambling site that still gives anonymity to their members even if the government comes and asks about the casino's legality and asking for the KYC from them. The gambling owner will think about that and they will try to explain the situation to the government. I am sure there will be a solution for the members who do not want to give their personal information to the casino or the government.

No way they can lie to the regulators, the regulators have all the tools to determine if the casino is telling the truth or not, and the penalty for such violation is very serious, it could put the owner or operator to jail and I don't think they'll allow that to happen. Once a casino is regulated and ordered to implement the KYC to all of its client, then the casino will just follow without condition.

michellee

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Quote from: carlisle1 on June 15, 2021, 09:59:42 AM

It would be better if there's still site who can facilitate and offer anonymous gambling since we are inside crypto,
if there's site who can allow players to stay anonymous.

Though we all aware that government will come and chase those legal sites and ask for implementations of their rules.
It's not that easy to weigh if you are the owner, knowing that risk from the government will hurt your business.

Let see if how or what adjustment can be done here.

There will be a crypto gambling site that still gives anonymity to their members even if the government comes and asks about the casino's legality and asking for the KYC from them. The gambling owner will think about that and they will try to explain the situation to the government. I am sure there will be a solution for the members who do not want to give their personal information to the casino or the government.

hahay

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Quote from: Xinarae* on June 15, 2021, 09:24:01 AM

There are many kyc sites in crypto casinos but it is better to check them well before making a decision. Not all sites work the same way players suffer when many sites scam through kyc casinos may be geographically limited no strategy is particularly effective or sustainable designated crypto holders living in heavily regulated countries can use these platforms regardless of age but they want to. For all these reasons the way to legitimize these services in kyc crypto casinos is unclear to say the least.

Currently KYC seems to have become a common thing that is applied in many places, but when we are not comfortable to give it then of course it would be better to cancel the intention to play on the related site. For me, personal data will always be easy to leak and even though they are a legitimate company but still, leakage of customer data is still very possible and this case has happened a lot and not only on gambling sites.

Natalim

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Quote from: carlisle1 on June 15, 2021, 09:59:42 AM

Quote from: michellee on June 15, 2021, 08:37:19 AM

Quote from: Lorence.xD on June 15, 2021, 03:51:38 AM

Quote from: michellee on June 15, 2021, 02:26:56 AM

Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

~

Fortunately, we are in the crypto world with a crypto gambling site to find the casino that does not have a KYC and does not apply verification for their member except for people who want to withdraw big money. We can feel it is better to stay on that casino instead of searching for the other gambling site because we need time to find that sites and we do not know if they will ask their member to fill KYC. There is an option for a gambler to choose where they will playing gambling, so that will be up to the gambler.

That kind of thing won't last that long though, as crypto gets noticed by more people, the more the government and authorities wants to dip their hands in those money and they want to put regulations in it as much as possible since it is a fresh moneymaker.

The government and authorities will indeed want to get their hands in that money. Still, they need to regulate a new law for the crypto gambling site and that is not easy because that will be related to many aspects and people in the government. While that thing is not going to happen quickly, we can still play gambling on that site and hopefully, there is a crypto gambling site that still does not use KYC for their members.

It would be better if there's still site who can facilitate and offer anonymous gambling since we are inside crypto,
if there's site who can allow players to stay anonymous.

Though we all aware that government will come and chase those legal sites and ask for implementations of their rules.
It's not that easy to weigh if you are the owner, knowing that risk from the government will hurt your business.

Let see if how or what adjustment can be done here.

It's still possible but we have to trust the site as eventually when the regulation will be stricter, all sites will be required to register to be regulated, so those who would offer an anonymous gambling experience are sites that has no license, and that is risky for gamblers.

carlisle1

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Quote from: michellee on June 15, 2021, 08:37:19 AM

Quote from: Lorence.xD on June 15, 2021, 03:51:38 AM

Quote from: michellee on June 15, 2021, 02:26:56 AM

Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

~

Fortunately, we are in the crypto world with a crypto gambling site to find the casino that does not have a KYC and does not apply verification for their member except for people who want to withdraw big money. We can feel it is better to stay on that casino instead of searching for the other gambling site because we need time to find that sites and we do not know if they will ask their member to fill KYC. There is an option for a gambler to choose where they will playing gambling, so that will be up to the gambler.

That kind of thing won't last that long though, as crypto gets noticed by more people, the more the government and authorities wants to dip their hands in those money and they want to put regulations in it as much as possible since it is a fresh moneymaker.

The government and authorities will indeed want to get their hands in that money. Still, they need to regulate a new law for the crypto gambling site and that is not easy because that will be related to many aspects and people in the government. While that thing is not going to happen quickly, we can still play gambling on that site and hopefully, there is a crypto gambling site that still does not use KYC for their members.

It would be better if there's still site who can facilitate and offer anonymous gambling since we are inside crypto,
if there's site who can allow players to stay anonymous.

Though we all aware that government will come and chase those legal sites and ask for implementations of their rules.
It's not that easy to weigh if you are the owner, knowing that risk from the government will hurt your business.

Let see if how or what adjustment can be done here.

Xinarae*

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There are many kyc sites in crypto casinos but it is better to check them well before making a decision. Not all sites work the same way players suffer when many sites scam through kyc casinos may be geographically limited no strategy is particularly effective or sustainable designated crypto holders living in heavily regulated countries can use these platforms regardless of age but they want to. For all these reasons the way to legitimize these services in kyc crypto casinos is unclear to say the least.

bitterguy28

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Quote from: Lorence.xD on June 15, 2021, 01:14:56 AM

Quote from: bitterguy28 on June 15, 2021, 12:19:25 AM

Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

~

Many sites that asks for KYC only complying with what governments asking them to do though there are also some of casinos that only use this for their beneficiaries .
they dont even care about the reality of kYC but just to prevent players from claiming their funds.

I mean you can always ask why they are asking for a KYC, and if the answer don't satisfy you then probably you have to look for other casinos that don't ask KYC. Fund freezing is a prevalent thing happening to gambling sites and I do think that it is a problem but if it's a reputable casino, I am pretty sure that we will see to it that they will be considerate if you raise a ticket.

Yeah indeed that's what people must do and as simply as.

>>>>>>>>>>>>>> If you Dont wanna expose your KYC , Then never play in gambling site that looks for it <<<<<<<<<<<<<<<<<<<<<<<<<<

michellee

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Quote from: Lorence.xD on June 15, 2021, 03:51:38 AM

Quote from: michellee on June 15, 2021, 02:26:56 AM

Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

~

Fortunately, we are in the crypto world with a crypto gambling site to find the casino that does not have a KYC and does not apply verification for their member except for people who want to withdraw big money. We can feel it is better to stay on that casino instead of searching for the other gambling site because we need time to find that sites and we do not know if they will ask their member to fill KYC. There is an option for a gambler to choose where they will playing gambling, so that will be up to the gambler.

That kind of thing won't last that long though, as crypto gets noticed by more people, the more the government and authorities wants to dip their hands in those money and they want to put regulations in it as much as possible since it is a fresh moneymaker.

The government and authorities will indeed want to get their hands in that money. Still, they need to regulate a new law for the crypto gambling site and that is not easy because that will be related to many aspects and people in the government. While that thing is not going to happen quickly, we can still play gambling on that site and hopefully, there is a crypto gambling site that still does not use KYC for their members.

BuNga_cute

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Quote from: Lorence.xD on June 15, 2021, 03:51:38 AM

Quote from: michellee on June 15, 2021, 02:26:56 AM

Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

~

Fortunately, we are in the crypto world with a crypto gambling site to find the casino that does not have a KYC and does not apply verification for their member except for people who want to withdraw big money. We can feel it is better to stay on that casino instead of searching for the other gambling site because we need time to find that sites and we do not know if they will ask their member to fill KYC. There is an option for a gambler to choose where they will playing gambling, so that will be up to the gambler.

That kind of thing won't last that long though, as crypto gets noticed by more people, the more the government and authorities wants to dip their hands in those money and they want to put regulations in it as much as possible since it is a fresh moneymaker.

When I first got to know Crypto there were still many exchanges that did not enforce KYC, but nowadays almost all exchanges do. It's the same
with crypto casinos, one day I believe almost all crypto casinos will apply KYC. Because now the government is still busy with pandemic issues,
so it is not so focused on paying attention to the development of crypto casinos. I believe crypto casinos will enforce KYC in the end, because
the government will impose taxes on gamblers who play in online gambling. Moreover, the velocity of money in the gambling industry is very large,
it certainly will not go unnoticed by the government. So just enjoy it for now playing online gambling, there is no need to do the KYC procedure
and also not all countries impose taxes for online gambling.

Lorence.xD

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Quote from: michellee on June 15, 2021, 02:26:56 AM

Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

~

Fortunately, we are in the crypto world with a crypto gambling site to find the casino that does not have a KYC and does not apply verification for their member except for people who want to withdraw big money. We can feel it is better to stay on that casino instead of searching for the other gambling site because we need time to find that sites and we do not know if they will ask their member to fill KYC. There is an option for a gambler to choose where they will playing gambling, so that will be up to the gambler.

That kind of thing won't last that long though, as crypto gets noticed by more people, the more the government and authorities wants to dip their hands in those money and they want to put regulations in it as much as possible since it is a fresh moneymaker.

michellee

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Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

Quote from: michellee on May 25, 2021, 07:54:53 AM

Quote from: Lorence.xD on May 25, 2021, 01:27:41 AM

~

We can hope that some reputations gambling site will still do that way to give anonymously to their members. Maybe if the casino is out of the government jurisdiction, the casino will not have to follow the regulation from the government, so they can still operate without asking KYC to their members. Hopefully, crypto gambling users can still play gambling without worrying about KYC and other things that can make them send their details.

We can only hope but we all know that the government wants to make sure that everything is going to comply to their demands, they can bully companies that aren't making trillions of dollars if they want too. Maybe there's some that will not force a KYC but I don't think that if there's a choice, I wouldn't risk it in those places.

Fortunately, we are in the crypto world with a crypto gambling site to find the casino that does not have a KYC and does not apply verification for their member except for people who want to withdraw big money. We can feel it is better to stay on that casino instead of searching for the other gambling site because we need time to find that sites and we do not know if they will ask their member to fill KYC. There is an option for a gambler to choose where they will playing gambling, so that will be up to the gambler.

Lorence.xD

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Quote from: bitterguy28 on June 15, 2021, 12:19:25 AM

Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

~

Many sites that asks for KYC only complying with what governments asking them to do though there are also some of casinos that only use this for their beneficiaries .
they dont even care about the reality of kYC but just to prevent players from claiming their funds.

I mean you can always ask why they are asking for a KYC, and if the answer don't satisfy you then probably you have to look for other casinos that don't ask KYC. Fund freezing is a prevalent thing happening to gambling sites and I do think that it is a problem but if it's a reputable casino, I am pretty sure that we will see to it that they will be considerate if you raise a ticket.

bitterguy28

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Quote from: Lorence.xD on June 14, 2021, 11:37:23 PM

Quote from: michellee on May 25, 2021, 07:54:53 AM

Quote from: Lorence.xD on May 25, 2021, 01:27:41 AM

~

We can hope that some reputations gambling site will still do that way to give anonymously to their members. Maybe if the casino is out of the government jurisdiction, the casino will not have to follow the regulation from the government, so they can still operate without asking KYC to their members. Hopefully, crypto gambling users can still play gambling without worrying about KYC and other things that can make them send their details.

We can only hope but we all know that the government wants to make sure that everything is going to comply to their demands, they can bully companies that aren't making trillions of dollars if they want too. Maybe there's some that will not force a KYC but I don't think that if there's a choice, I wouldn't risk it in those places.

Many sites that asks for KYC only complying with what governments asking them to do though there are also some of casinos that only use this for their beneficiaries .
they dont even care about the reality of kYC but just to prevent players from claiming their funds.

Lorence.xD

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Quote from: michellee on May 25, 2021, 07:54:53 AM

Quote from: Lorence.xD on May 25, 2021, 01:27:41 AM

~

We can hope that some reputations gambling site will still do that way to give anonymously to their members. Maybe if the casino is out of the government jurisdiction, the casino will not have to follow the regulation from the government, so they can still operate without asking KYC to their members. Hopefully, crypto gambling users can still play gambling without worrying about KYC and other things that can make them send their details.

We can only hope but we all know that the government wants to make sure that everything is going to comply to their demands, they can bully companies that aren't making trillions of dollars if they want too. Maybe there's some that will not force a KYC but I don't think that if there's a choice, I wouldn't risk it in those places.

goinmerry

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Quote from: stadus on June 14, 2021, 05:52:27 PM

Imagine, even if you are an underdog, you can gamble here since you can lie on your age when you sign up, and since there's no KYC, you can freely gamble without any problem as long as you don't gamble a lot that would ring a bell on the casino.

Fairly right.

You can just catch the attention of the casino if your activity will ring the bell.

Stay low-key and avoid big withdrawals at once if ever luck hits us. That way, no need to be under of complying with KYC under their terms for big winnings as sometimes even we got those big winnings fair and square, it will be tagged as malicious and suspicious which is quite unfair and not reasonable.

stadus

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Quote from: seleme on June 14, 2021, 05:41:20 PM

Tbh, I feel safer on anonymous casinos but the situation has changed a lot since the regulation brought up to crypto casinos. The fiat casinos have some advantages over crypto casinos but the disadvantages are possible for high rollers. You can place over $500k in crypto gambling websites but your account will be frozen by management for the same amount in fiat casinos. Before registering account, reading the terms of service helps a lot how much users wanna risk without KYC.

Not only it will be frozen, but it's also easy for the casino to go away taking that huge money because in this industry it's easy to make a new casino since it's anonymous. Actually, I believe that crypto casinos usually attract small bettors but they are still making huge money because they are getting the volume of gamblers, and I think it's not too risky for gamblers that way and they'll take it than abiding on the KYC that fiat casinos normally implements.

Imagine, even if you are an underdog, you can gamble here since you can lie on your age when you sign up, and since there's no KYC, you can freely gamble without any problem as long as you don't gamble a lot that would ring a bell on the casino.

seleme

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Tbh, I feel safer on anonymous casinos but the situation has changed a lot since the regulation brought up to crypto casinos. The fiat casinos have some advantages over crypto casinos but the disadvantages are possible for high rollers. You can place over $500k in crypto gambling websites but your account will be frozen by management for the same amount in fiat casinos. Before registering account, reading the terms of service helps a lot how much users wanna risk without KYC.

Silberman

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Quote from: Hypnosis00 on June 11, 2021, 05:53:21 PM

That's a good point because based on my observation, most casinos I played do not ask for KYC, so crypto casinos are still good for me. However, if regulation changes and they'll require a KYC, then there's nothing I could do but follow. I don't see any difference in using an exchange and casino, if the exchange asks for KYC, then casinos should be treated the same as long as they are both regulated.

Most casinos are going to be very reluctant to ask for such information because they know very well that most players are not going to want to give up that information because one of the main reasons why people gamble at cryptocurrency casinos is that they want protect their privacy, they will only ask this information when absolutely necessary and even then they are going to be nervous because if they ask this from some of their big players and they are a small casino they know they are risking losing that player to another casino.

Topic: Crypto-Casinos and KYC - page 6. (Read 2424 times)