Topic: FreeBitco.in is no longer a KYC free casino! (New terms) (Read 1033 times)

You are commenting on a very old news, one that is truly outdated, but all the same, what you said is still very relevant regardless.
I also joined freebitco in 2016 I think, and to say the truth, this platform was the place I earned my first ever set of bitcoin Satoshi through their Faucet, and the Satoshi (I choose to call it Satoshi because what I earned wasn't up to one bitcoin) I earned from their Faucet served as a gateway into crypto for me, I started trading on poloniex (then the biggest crypto exchange in the world) with those sats and was able to grow it to a really nice amount, disregarding the fact that I later lost it all to scam out of my own negligence and ignorance, I was pretty new to crypto then, so I knew little about how to identify scam when I see one.

And fast forward to this day, alot have changed, which I am certainly not surprised about any way, for it often said that one thing that is constant in life is change.
So, freebitco now a kyc compliant casino shouldnt come as a surprise to us, such changes is normal in every new industry as it gains acceptance, most especially from the government.

I have been using this platform for generating some free satoshis in 2017 and they have never for once talk about implementing KYC verification, now that they have introduced verification it will stand as a eye opener for those who still think that a betting platform can go on a long term success without getting regulated.

As far as I can tell, it is impossible, unless you choose to be a unsuccessful online casino or betting platform, the more you grow higher every year the more attentions will be diverted to your platform, you will be forced to comply, and the users won't have a choice too.

Regulatory challenges is finally catching up, I know that many will still find some excuses for this but it is the truth, there are things the team of freebitco can't tell their users, and for someone like myself, I can see that its impossible to stay a verification free platform when running a casino or betting platform, take it or leave it.

Before commenting in the thread, kindly take a moment to read the previous replies, particularly the one from TheQuin (it's just a few posts above). FreeBitco.in is still maintaining its non-KYC approach, and for regular users, nothing has really changed.

From my understanding, they still offer free bitcoins. They just made some limitations. It also does help on fighting against abusers. This decision probably is one of the biggest leap that they Freebitco did. It was for the best of them and their legitimate players though!

Please read the thread before commenting. I have stated several times already that it is untrue.

It's probably the regulatory fire that is catching them up as well, I don't think that a person will sell a website that is earning so much money and its user base is increasing day by day, now after the new rules of KYC and etc., the new user sign ups per day might start decreasing because most people used to think they won't need to pass KYC in here and that is why they were joining and using the platform but now that is not true anymore.

The website has probably been noticed by the authorities and they have asked the management to either have a license and comply with the rules and regulations or simply shut down your services, and the first option is obviously what they would choose because they can't just shut it down.

Thanks for your input. FBC B.V. is the license operator of dPlay.casino, which is another project of wetsuit. I hadn't checked their license details before. In that case, FBC BV can't be considered as an abbreviation. I was already aware of the fact that FBC BV is licensed under Curacao and I have mentioned it in the main post. BTW, How have you gotten the Costa Rican license details?

Sorry to say, but I had to delete your post along with 4 other posts from the 5th page in order to prevent off-topic discussions. Those posts are all about the Government & KYC, IP address, etc. But this topic is all about FreeBitco.in, where some important changes have been made in the terms after 10 years of providing anonymous service.

So, apparently I'm a spammer, because OP says he will delete all posts by gambling board spammers and my post saying that in this case I'd avoid the casino that changes T&C from being anti-KYC and goes into full compliance mode was removed. For some unknown reason this was treated as of-topic. I disagree, how about you guys? Is posting an opinion about this move by freebitco.in an off topic post?


Does it change anything legally?

The company name is mentioned 'zero' times in the ToS. FBC BV is mentioned 43 times in ToS, which is the abbreviation of the company name in your view. There are millions of user in Freebitco. None of them will be able to find out the real name of the company by using the abbreviation. Why haven't wetsuit mentioned the full name of the company at least one time in the ToS? Is wetsuit trying to hide the reality with the abbreviation and language skill?

Well.. for me, I didn't expect this even though some crypto casinos now have it because I didn't see Freebitco the same to them, I mean for me it was only just a faucet site. There are other games but it's few and it's only just an addition for them to make the faucet more interesting. This is a sad news for those who are allergic to KYC. Maybe this is the reason for them to stop visiting this old faucet site anymore. CEX won't be left out of course.

It is mostly needed due to the nature of their service. in fact they are the first one to embrace these new change in the crypto world and then it was followed by the crypto casinos and other sites which are operating in a centralized manner.

I abbreviated it again. The actual full name on the company documents is "FB COINS LIMITED SOCIEDAD DE RESPONSABILIDAD LIMITADA".
The company name is mentioned 43 times in the ToS hence the abbreviation.  

You need to get your eyes checked. I clearly stated many sites(Not all sites) unethically use KYC. Some sites stay true to their reputation and enforce KYC only when legitimately necessary without any nefarious intentions.

Crypto.Games is one of them. Think! As I mentioned in my earlier post, time will prove whether your words truly hold weight or not.

If you tell me that the casino owner gets a gun to his head or his children are kidnapped and under threat of torture, then rape and then murder he has to ask for KCY, well surely yes there will be circumstances under which they can ask for KYC, but this is not what we are talking about here.

There are casinos that would not ask for KYC under any circumstances in the same way that there are mixers that would not cooperate with the authorities under any circumstances. Not too long ago we had one on the forum that did not cooperate and was raided for it. In the same way others at the slightest touch of attention from the authorities will collaborate.

As for casinos, not requesting KYC is linked to not having a gaming license, and the list of those that do not do so has been shrinking over the years, but at the moment of those listed in Mahdirakib's thread I have no reason to assume that they will request KYC.

If you are an average user, who does not bet in the casino more than a few hundred a month at most, rest assured that those who do not have a license and have ToS saying they will require KYC will not ask for it.

I cant help but agree with you, i mean since i started gambling and following gambling casinos on this forum, every single casino that started out as a no kyc casino have either in the short or long term turned around to start asking their users for KYC verification, some even did this without prior information to their users, and when ever argument of casinos that do not ask users for KYC verifications comes up anywhere, in agreement to that fact, my number one reference has always been freebitco.in, but with this current development with freebitco, indeed, i completely agree that there are no longer casinos that are non KYC, forget what ever they tell you, its just a marketing tactics, and for the fact that they have not asked you to verify your account, does not mean they wont ask in the near future.

Well, FB Coins Limited is indeed under Costa Rica. And the address of the company proves it too.

I had forgotten that Costa Rica gambling license doesn't exist. You can run a casino by opening a company in Costa Rica. Some casino goes for the Costa Rican gambling company to make their business professional. There aren't so many rules and requirements like the Curacao license operator.

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In which abbreviation "FBC BV" stands for 'FB Coins Limited'? BV means a private company with limited liability. The full name of the company isn't mentioned anywhere in the T&C page. Even the address of the company isn't available in the terms. The terms start with this

Those questions have been already answered by TheQuin several times in this thread (Read it here).

I never waited for this to happen in any time soon with freebitco.in which was the greatest free KYC, simple casino and one of the best first bitcoin faucets i knew and still using. I still can’t find any casino that doesn’t require verification and ask for personal information except them or was before this new terms release.
Is there any chance that someone else bought Freebitco.in and trying to apply some changes or upgrade the games inside and that’s why they started with the new terms now? Or it’s just the authorities that are forcing the owner to apply such rules to take down everything that’s decentralized.

Name one. All of them saying "no KYC but..." and there's always a but. This no KYC thing is a joke to begin with.

As a player, we should know the rules or tos that a platform like this has. Most communities ignore reading these kinds of rules, just entering without reading the terms and conditions.

So the result that often happens is that they complain in the end and they realize that when the terms are shown, they can't do anything and they just wasted the time and time they spent here that they too have a deficiency.

I wish I was living in a world where people actually read my answers before commenting.

But this being the real world I'll just explain it to you again. A site can do whatever it wants within the law. What's written in ToS does not provide any shield. The inclusion or exclusion of anything in the ToS has no bearing on the laws a site operates under. I really don't know how times I need to point this out before it sinks in with some people. A site without any KYC in their ToS could do exactly the same thing.

Unethical /= unlawful^*

Choose which sites you use based on how ethically you think they behave rather than what is written in a ToS.


Only time will tell how many of you will admit that I was correct.


* Just a little point on this. freebitco.in does have very good lawyers who are experts in this field, but as I've already stated I'm not a lawyer. I have been doing this for a number of years and have had to do quite a bit of research to answer some questions rather than pay the lawyers hourly fee. I don't know CR law but as a Brit I can cite English and Welsh law on gambling.
Bets are defined as being a "gentleman's agreement" and are not legally enforceable.
I agree with you that not paying out fair bets is unethical but however I will point out that it isn't illegal. I would never use a site that has a reputation for not paying out winnings. We certainly have no interest in ruining our reputation. Just because some disreputable sites use a specific clause for bad means doesn't make that clause inherently bad.

If you really think that any site that adds a KYC clause to its ToS is going to become disreputable and use it to avoid paying out I can't wait to see your face when you read the ToS of the site you are promoting in your signature.
PS. I've been a customer there since long before it was added and it didn't change my opinion of them when it was.

Which world are you living in? So many sites(Including popular sites) are already using the TOS as their shield cleverly in order to justify themselves and avoid paying out customers even though it's unethical.

Only time will tell whether your site will follow in their footsteps or actually do whatever you boldly stated.