I think kyc should not be applied in online gambling casinos because you won the money fair and square and if they decide to apply it they should provide a trustworthy people to handle the kyc report and they should be well known to the custumer to avoid the blackmail and scams as you said.
If it's already in the TOS before you sign it up, then we should not blame them for that, instead, we have to blame ourselves for not reading the TOS. There are some casinos that have KYC while some do not require it, so we are free to choose what casino to play with, complaining or making it a standard won't really work as not all of the casinos are under one regulator.
Topic: Crypto-Casinos and KYC - page 7. (Read 2424 times)
I think kyc should not be applied in online gambling casinos because you won the money fair and square and if they decide to apply it they should provide a trustworthy people to handle the kyc report and they should be well known to the custumer to avoid the blackmail and scams as you said.
If it's already in the TOS before you sign it up, then we should not blame them for that, instead, we have to blame ourselves for not reading the TOS. There are some casinos that have KYC while some do not require it, so we are free to choose what casino to play with, complaining or making it a standard won't really work as not all of the casinos are under one regulator. hero member
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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.
I have to disagree. Although in general, we are risking money at both, activities in exchanges and casinos are different so I can't consider the latter should also be mandated by KYC. Let the casinos be regulated but not too much. Crypto-gamblers should still feel the advantage of playing in a crypto-casino. No difference when you played at fiat casinos if that will be the case.
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
If your favorite casino doesn't ask for KYC now, I can guarantee you that they will at some point when the time comes.
And if you are a high roller, expect that at some point the casino may require you to complete the KYC requirements. But if you are just a small timer, better stick to reputable sites here that don't require KYC yet. Whereas, some casinos are already requiring KYC because as you said, that's what their license is asking them to implement. But of course, it is still good to play on casinos that don't require KYC, just abide their rules and I don't think they will flag your account.
Casino flagging account have to do with the account holder activities though we have a situation some flag user account for no reason
I think kyc should not be applied in online gambling casinos because you won the money fair and square and if they decide to apply it they should provide a trustworthy people to handle the kyc report and they should be well known to the custumer to avoid the blackmail and scams as you said.
You won't get into that situation If you didn't violated the terms of conditions. They can't just freeze your account just because they wanted to, otherwise it's the company's violation and you can report it to the authorities.
Those you have read in the forums about frozen accounts might've overlooked the deposit and withdrawal rules limit. So they were asked to pass the KYC procedure.
reality has shown us that some sites have used the TOS as a way of freezing people's accounts and always with the excuse that people are using the site from a prohibited place or that people have too many accounts and when asking the site Show Evidence The site says it can't show evidence because that would divulge the methods they use to find out who uses a lot of accounts. and I ask: who can prevent websites from using the TOS for harmful purposes? only the government has that power. but unfortunately what you see in the online world is sad, customers must do KYC on sites where they are anonymous with anonymous owners
That's always gonna be the primary reason why an account has to be freezed. TOS is always susceptible to abuse and could be used against you especially when you make a very noticeable wins and withdrawal amount. That's the sad reality of it.
The regulated crypto gambling websites are required to comply with the AMLC thus KYC is necessary, that completely contradicts the purpose of being anonymous in crypto space.
Another sad reality.
reality has shown us that some sites have used the TOS as a way of freezing people's accounts and always with the excuse that people are using the site from a prohibited place or that people have too many accounts and when asking the site Show Evidence The site says it can't show evidence because that would divulge the methods they use to find out who uses a lot of accounts. and I ask: who can prevent websites from using the TOS for harmful purposes? only the government has that power. but unfortunately what you see in the online world is sad, customers must do KYC on sites where they are anonymous with anonymous owners
The website has the power as a business organization to enforce their terms of service so that their business interest are well protected. These websites are created to make the profit and if people are taking advantage of the system then they have the authority to stop the abuse and basically protect their business but if they are open like Stake as it is not mandatory to verify my identity unless i looking for their bonuses . 
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.After the compliance, then that will be the time I'll choose with the other options.
You won't get into that situation If you didn't violated the terms of conditions. They can't just freeze your account just because they wanted to, otherwise it's the company's violation and you can report it to the authorities.
Those you have read in the forums about frozen accounts might've overlooked the deposit and withdrawal rules limit. So they were asked to pass the KYC procedure.
reality has shown us that some sites have used the TOS as a way of freezing people's accounts and always with the excuse that people are using the site from a prohibited place or that people have too many accounts and when asking the site Show Evidence The site says it can't show evidence because that would divulge the methods they use to find out who uses a lot of accounts. and I ask: who can prevent websites from using the TOS for harmful purposes? only the government has that power. but unfortunately what you see in the online world is sad, customers must do KYC on sites where they are anonymous with anonymous owners
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.
I have to disagree. Although in general, we are risking money at both, activities in exchanges and casinos are different so I can't consider the latter should also be mandated by KYC. Let the casinos be regulated but not too much. Crypto-gamblers should still feel the advantage of playing in a crypto-casino. No difference when you played at fiat casinos if that will be the case.
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
If your favorite casino doesn't ask for KYC now, I can guarantee you that they will at some point when the time comes.
And if you are a high roller, expect that at some point the casino may require you to complete the KYC requirements. But if you are just a small timer, better stick to reputable sites here that don't require KYC yet. Whereas, some casinos are already requiring KYC because as you said, that's what their license is asking them to implement. But of course, it is still good to play on casinos that don't require KYC, just abide their rules and I don't think they will flag your account.
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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.
I have to disagree. Although in general, we are risking money at both, activities in exchanges and casinos are different so I can't consider the latter should also be mandated by KYC. Let the casinos be regulated but not too much. Crypto-gamblers should still feel the advantage of playing in a crypto-casino. No difference when you played at fiat casinos if that will be the case.
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
If your favorite casino doesn't ask for KYC now, I can guarantee you that they will at some point when the time comes.
@OP, your first question is where I'd stop by saying No right away, because if I know that the casino may ask KYC, it means I may be asked to do KYC if/when I win something big there that they either possibly can't pay out/don't want to pay out/will pay out only after getting my docs and I don't want to get doxxed for gambling purposes.
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
In my opinion, there may be a security loophole in both cases. I don't think the system for storing user data on exchanges is much higher than on gambling sites.
Can you tell me why you think that sending your documents to an exchange exposes you to less risk than sending documents to a gambling site?
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.After the compliance, then that will be the time I'll choose with the other options.
And you'll definitely fine complying with the KYC. Well, that's just another situation that I've thought of.
People do have their own impression towards KYc some would be mindful and some wouldn't really care because they do believe that theres nothing need to worry
about as long you don't do anything wrong.
Regardless of the amount as long as they're the owner of it, they're going to do anything that they can and if it's just the KYC as the requirement, they won't hesitate to do it.
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.After the compliance, then that will be the time I'll choose with the other options.
And you'll definitely fine complying with the KYC. Well, that's just another situation that I've thought of.
People do have their own impression towards KYc some would be mindful and some wouldn't really care because they do believe that theres nothing need to worry
about as long you don't do anything wrong.
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.After the compliance, then that will be the time I'll choose with the other options.
And you'll definitely fine complying with the KYC. Well, that's just another situation that I've thought of.
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.After the compliance, then that will be the time I'll choose with the other options.
You won't get into that situation If you didn't violated the terms of conditions. They can't just freeze your account just because they wanted to, otherwise it's the company's violation and you can report it to the authorities.
Those you have read in the forums about frozen accounts might've overlooked the deposit and withdrawal rules limit. So they were asked to pass the KYC procedure.
And never think they can't freeze your account: they can do whatever they want.
Sad but this is reality .
so in many case authorities seems to be powerless against them .
What if they are not regulated? In that case there are no authorities to report to. Never trust any company like those on the internet and in the end always consider your funds and your data at risk.
And never think they can't freeze your account: they can do whatever they want.
Of course they can do whatever they want. And never think they can't freeze your account: they can do whatever they want.
This is especially true if you left money on your account and, for some reason, did not visit the site for a long time.
In this case, their suspicion obviously increases that it is not you, but a fraudster.
Here, complain, do not complain, but you will not be able to return the money without KYC and with KYC you will still be tormented to prove who you are.
I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.After the compliance, then that will be the time I'll choose with the other options.
You won't get into that situation If you didn't violated the terms of conditions. They can't just freeze your account just because they wanted to, otherwise it's the company's violation and you can report it to the authorities.
Those you have read in the forums about frozen accounts might've overlooked the deposit and withdrawal rules limit. So they were asked to pass the KYC procedure.
And never think they can't freeze your account: they can do whatever they want.
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Which is why we must gamble only in casinos that have developed a good reputation over the years, people give their personal information too easily these days, just take a look at what happens in social media, and this is a mistake because you can be sure that once you upload your data to a website you have no control over it and someone has access to that information even if they say they have deleted it as it is impossible to enforce the laws that have to do with our privacy online and it is likely many business decide to not even try to comply despite the law.
Yeah, you are right. I think those people underestimate that and they did that because they want to get something, so they challenge the risk. They do not know what will happen if someone hacks the data. They maybe do not even think about what the hacker can do with that data. If we only want to play gambling, we can select a gambling site that does not have a verification but that site has a good reputation, so we do not have to worry about the bad things.I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.
But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.After the compliance, then that will be the time I'll choose with the other options.
You won't get into that situation If you didn't violated the terms of conditions. They can't just freeze your account just because they wanted to, otherwise it's the company's violation and you can report it to the authorities.
Those you have read in the forums about frozen accounts might've overlooked the deposit and withdrawal rules limit. So they were asked to pass the KYC procedure.
1- Would you gamble at a crypto-casino knowing it would ask you for KYC documents before withdrawal?
At first of course not I don't just give my private documents online some cheap casinos or gambling sites ask KYC of course you don't want your personal information submitted to anyone if it is a reputable and known casino and if it is necessary then I don't have any choice but to submit it before I can withdraw.
2- Do you feel safe giving out your KYC to online crypto-casinos?
No, not just in online gambling site but even in exchange sites that would ask KYC or to any services that would ask KYC since its private document and you are not sure where are you going to send it exactly.
At first of course not I don't just give my private documents online some cheap casinos or gambling sites ask KYC of course you don't want your personal information submitted to anyone if it is a reputable and known casino and if it is necessary then I don't have any choice but to submit it before I can withdraw.
2- Do you feel safe giving out your KYC to online crypto-casinos?
No, not just in online gambling site but even in exchange sites that would ask KYC or to any services that would ask KYC since its private document and you are not sure where are you going to send it exactly.
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