Topic: How Confident Are You In The Reliability of the KYC system - page 2. (Read 979 times)

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

Thats why companies would really be doing their best on not to have those kind of events or happenings where exploits and hacks on which it would really be decreasing out their reliability and security on which it would
really be in resulting on affecting their trust and popularity which we know that it is really that bad for the business and not something that recommendable and this is why they would be avoiding it as much as possible
because on the time that the users or those people who do play on a certain platform do sees that security is really that good and not something could be breached out then this do really add up in overall confidence.

Some would be hesitant or really that skeptical on the time that they would really be sending out their information but some wouldnt really care at all. This is why its really just that depending on a certain individual
on whats his impressions towards this matter but for me then crypto gambling is always been that recommended, not necessarily for you to sent out information for you to play.

One big issue is that the most reputable the platform the more trust their customers have in it, however this is a problem as if at some point hackers find a way to get that information then amount of people that will get their data exposed will be huge, and we have seen cases like this on the past in which even a platform like Facebook which has the best possible security money can buy has been hacked anyway and the data of millions of users has been exposed.

Well, eventually things can be like this, there are many things that happen when we do KYC, the dangers are there, there is nothing to do, if we don't start analyzing all the casinos, everything will turn out the same way, and it is the KYC requirement , most of them already have that imposed, what I chose is to comply with the KYC of my favorite casinos or casinos and no more, in other casinos that I see that are not my style or trustworthy, well, simply Still, I do not do KYC , and that's all, but of course that's my way of seeing things, thinking and doing, everyone makes their best decision.

I know that many casinos will Always have as a basis that they always ask for the KYC , There is no Other way that they can see it, because the Requirements are for the owners to keep certain licenses, that is something that cannot be denied, even so when I see some I think that they are relatively new and have so many demands, I don't do it, firstly because I don't trust a new casino and Secondly Because I leave the Documents just like that but not like that , so I Always leave this type of casino Aside.

And this is why we have so many people that do not see the need for this market, they do not value their privacy at all and as such they do not see why they may need to use bitcoin as a way to protect their privacy, and most likely they will never understand it as they share every single detail of their lives over social media, and as such they are ready to share their information with anyone that dares to ask, including casinos.

Even though there is no guarantee that the KYC that we provide can be safe and not leaked, by using a large, trusted and reputable casino we can have a sense of security and believe that it is impossible for unwanted things to happen to our KYC information.
But unfortunately some gamblers have problems with KYC when they get a big win and the casino asks for it even though from the start gamblers can immediately provide KYC so that in the future there will be no problems whatsoever and now we can realize that most casinos implemented KYC.

Newbies are usually attracted to shady new casinos due to the temptation of promotional bonuses.
But that way beginners can also gain experience to be able to learn more about the gambling industry.

Generally, all the new platforms come with the potential threat of doing this at some point if you manage to get success after joining their platform, and if they actually do it, don't allow you to withdraw when you have hit big, there is nothing you can do at all because they are online, they are new, and you are hopeless because you don't have anywhere to go and complain about what has happened to you and get justice for that.

That is the reason why it is better to simply avoid using new casino platforms, and even if you want to try one or a couple out, you should only do it with a very small amount so that when they turn evil and try and scam you for what you've won, you don't lose a lot of money.

Do you care with your privacy? you must never share your personal information in everywhere, but I know you guys already broke it because you've share your identity to airdropped project, centralized exchange, university, volunteer, scholarship program, social medias etc.

Now why bother about giving KYC to a centralized casino? it fall to the same category where your personal information could be misused.

your worries will mean nothing because we can always understand that the casino always wins because they have full rights to what they have and we as customers can do nothing but accept all decisions with disappointment. with this we already understand that it will be very important when we always choose a casino site that has a good reputation and definitely with the most customer trust before sending KYC to that platform. because it will be very important if we choose a big and popular casino at least there is no such action except for cheating customers so there is no problem in the casino refusing a customer's big win.
although this is not a guarantee but at least if we are in a trusted casino we will always be more comfortable with the responsibility of this big casino and don't want its reputation to be destroyed for cheating customers using KYC.

What do you mean by third party? Any modern online casino uses a third party provider to automatically verify the users identity. It would be tedious to manually confirm each and every users identity. And yeah, prone to errors and would be difficult to know if someone is submitting a false ID or something. Third party providers uses automated system that can instantly verify the identity of the users. There is no "space" for the casino to deny or say that the documents are false (unless the thirdparty provider itself finds that the documents are forged/fake). So I don't think verification is an issue here.

And no, its not a scam. Read the terms of service. Most likely it says you must complete KYC at any point. If you go to a bank and withdraw say like more than $10,000, you will be flagged, reported and will be asked to provide additional information to the bank sometimes. Does that mean the bank is trying to  scam you? Nope, following some rules and that's it.

Yes, I'm afraid that these kind of scams and problems have become a norm and unfortunately, more and more gamblers have become a victim to some platforms because after having a big winnings, the platform will then initiate their scam and refuse the bettor to withdraw the money they had won. I'm afraid that this problem will be left unsolved because casinos have their own reasons why they did that even if it wasn't really reasonable at all. That is also why we should trust and play to the refutable ones only.

There are many centralized sites has a problem about their security, data breach or leaked are nothing new, that's why until now I don't want to submit any KYC especially in a casino site. You wouldn't know who's behind the site and how they can make sure your data is completely safe against hacker, all you can do is trust them. In order to prevent it make sure you're only use a site that never demand KYC, Freebitco is the example of no KYC casino.

To be fair, I could easily see some fake casino or shady casino also ask for KYC verification for the sake of keeping a facade of authenticity and also they could use that information later to earn money in the dark markets, you know the typical data which is used by criminals to perform sophisticated campaign of fishing.

So, in my opinion, even though KYC is indeed a requirement used by legitimate casinos, we cannot rule out the possibility I just explained and keep our funds only in reliable and long standing webpages.

That's the perception held by some. However, if they were to understand that KYC is a regulatory requirement that must be implemented by casinos, they would comply with confidence rather than resist it. Perhaps casinos should also provide explanations about why they require KYC, ensuring that everyone is aware of this necessary requirement. This way, people would not be misled or have misconceptions about such a fundamental requirement.

I can confidently pass any KYC requirement if the casino I want to use is very popular, I don't see any reason not to pass KYC because I have not heard about someone getting into trouble because of KYC, we only procrastinate about what could happen if you keep giving out your identity online but what could possibly go wrong?

Some people have made KYC verification a very bad thing, but it's not, I have been passing KYC since 2017 and I have no problem doing it now, the only places where you aren't supposed to pass KYC are suspicious platforms and scam projects.

If the platform either casino or trading platform, is very popular among traders and gamblers I don't see any reason not to trust them with your KYC, and if you believe it's still not right, do find yourself a platform where they don't want your KYC information.

I find that the lower level KYC requirements are very easy to prove, but when they start to ask the proof of income ....then things become tricky. The casinos almost always have issues with the "Proof of income" documents and you see complaints about this all over the Internet.

I do not know if it is a interpretation thing or a lack of knowledge on the side of the people that are verifying these documents... but it is a problem with almost all of the casinos. 

Yes, I agree with you about choosing only reputable casinos for gambling. And if we have to do KYC, we can do it at a trusted casino because we believe the casino will not abuse our provided data. They can certainly take good care of it and will also protect their customer data.

Beginners can choose the casino well and won't choose it wrongly. But they are often tempted to try a new casino or a casino they already know is a scam casino because they see very attractive promotions. And that is the initial mistake of beginners that they must be well aware of so they don't make the same mistake again in the future.

If the document we provide is valid and has been used to verify on other sites, it shouldn't be a problem for verification at the casino either. And when the casino still asks for other documents, the casino should also have no problems and can immediately approve our request for verification. But many people choose the wrong casino. They do KYC but are rejected by the casino for various reasons so they can do nothing but complain. If the casino is in this forum, they can complain and ask for help from us here to forward it to the casino representative. But if the casino isn't here, we won't do anything about it. Before verifying or registering at a casino, we should always check it more thoroughly, especially when we see information that requires us to do KYC so we won't have problems later.

Optional means we are not forced to do it and I expect that there will be no surprise KYC that can happen later on. If there will be like that then I believe they are called non-mandatory KYC casinos but only the gambler that should play here are ready to do a KYC just in case the site asks it later on. I like to play on casinos like this because I can get on the game immediately but I will try to make sure first that they are legit.

Huh? I thought you didn't KYC. Are you confused or what? Hmm, but I think if we accidentally won a life-changing amount, I don't think anyone will let the casino confiscate it just because of KYC but these people can possibly make an exception even for once.

There should be no other reason for a casino to refuse your KYC documents unless they are unclear, not readable, pictures aren't well taken, or there is something else that makes them not valid for the verification. If you submit documents that are valid, readable, not expired, having all corners visible, and you have taken the pictures with good lighting, the casino would never reject them unless they don't want to accept you in the first place.

The very first thing one should do when they get their documents and KYC rejected is they should check again if they have done everything right, if they are satisfied with what they did and think it's something from the casino, they should try another platform.

Do not be disappointment if you have a small win and a casino, sport betting site or other gambling site do not want to release your money for you unless they have checked your account and make sure that you do not violate the gambling rules. This happen most especially if you have not withdrawn money from the gambling site before. It is not only about big withdrawal, also small withdrawal.

What I noticed about big withdrawal is that, sites that do allow their customers to gamble and withdraw without KYC will request for KYC before the person will be able to withdraw. If you check their terms of service, they will have maximum withdrawal limit amount for no KYC customers included there.