How Confident Are You In The Reliability of the KYC system - page 4.

lizarder

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Quote from: Japinat on June 24, 2023, 05:26:46 AM

That's not really the case because it doesn't mean that if we trust them our money, we should also trust them with our personal information as we are not that blind to know what would be the repercussions if our information will leak just because the platform's firewall is not that thick enough to keep away the hackers that wanted to seek some sensitive information for them to sell it in deep web. You wouldn't want that to happen, right?

That's one of the drawbacks when we do KYC and a lot of people who are on anonymous forums don't want to be seen as having a KYC obligation. But when anyone who doesn't want to do KYC, then you should look for a gambling site that doesn't require it, but allows ToS so that when we get a big win at gambling there is no account blocking caused by using a VPN, this is important to note so you can withdraw money on victory in the gambling that you play.

Do a study before deciding to use KYC or non-KYC sites, anyone has the right to keep their identity confidential because we never know how our data will be used by irresponsible people and there will be many consequences if this is allowed to happen and not properly guarded.

ethereumhunter

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Quote from: benalexis12 on June 24, 2023, 12:38:26 AM

Quote from: coin-investor on June 09, 2023, 11:49:42 PM

Quote from: Casdinyard on June 09, 2023, 06:22:18 PM

In any case, KYC shouldn't be questioned, it's a very reliable form of verification to ensure that law enforcements can get a hold of you when shit hits the fan, and it's also a form of customer protection as a company that requires KYC is obliged to work in close relations with their respective government, if things don't go well for you, you can sue them in court and have them pay you for reparations.

That should be the case but in some cases, casinos are declining the KYC because they cannot establish the identity how can it be possible if you are the one playing and you submit all your documents then you are declined?
It's hard to accept for a player if he can't get his account verified even though all the documents needed are already submitted.

I already did KYC on government institutions and some sites and they accept it because it's really me and all the documents they requested are all submitted then how come casinos cannot?

This is quite one of the terrible that will happen of a gambler who entered a casino platform here in the crypto gambling industry that after we gave our important documents to them, only to find out in the end that we were just declined.
The difficult thing here is that we have already declined to what they want and they still know and hold our true identity. So the risk of this is that we are not sure if it can be used in a bad way at the moment that the only thing we can do is pray that it is not used in a bad way.

A casino that refuses valid documents from us is probably a scam casino because if we use those documents to verify other sites and they accept them fine, it should also be fine to verify on other sites, including the casino. I only think that way because the document is our personal and original property. So it's very strange if the casino refuses it and instead asks for other documents besides verifying our gambling account.

That's why we must find a casino that won't do that. Many other casinos still accept our documents and verify them properly so that our gambling account will be verified. But I don't think we need to continue if we have already submitted documents to the casino and they refuse it and instead ask for other documents. Usually, the casino suspects something, so they ask us to send other documents.

Japinat

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Quote from: iv4n on June 23, 2023, 12:09:22 PM

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

That's not really the case because it doesn't mean that if we trust them our money, we should also trust them with our personal information as we are not that blind to know what would be the repercussions if our information will leak just because the platform's firewall is not that thick enough to keep away the hackers that wanted to seek some sensitive information for them to sell it in deep web. You wouldn't want that to happen, right?

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Quote from: benalexis12 on June 24, 2023, 12:38:26 AM

Quote from: coin-investor on June 09, 2023, 11:49:42 PM

Quote from: Casdinyard on June 09, 2023, 06:22:18 PM

In any case, KYC shouldn't be questioned, it's a very reliable form of verification to ensure that law enforcements can get a hold of you when shit hits the fan, and it's also a form of customer protection as a company that requires KYC is obliged to work in close relations with their respective government, if things don't go well for you, you can sue them in court and have them pay you for reparations.

That should be the case but in some cases, casinos are declining the KYC because they cannot establish the identity how can it be possible if you are the one playing and you submit all your documents then you are declined?
It's hard to accept for a player if he can't get his account verified even though all the documents needed are already submitted.

I already did KYC on government institutions and some sites and they accept it because it's really me and all the documents they requested are all submitted then how come casinos cannot?

This is quite one of the terrible that will happen of a gambler who entered a casino platform here in the crypto gambling industry that after we gave our important documents to them, only to find out in the end that we were just declined.
The difficult thing here is that we have already declined to what they want and they still know and hold our true identity. So the risk of this is that we are not sure if it can be used in a bad way at the moment that the only thing we can do is pray that it is not used in a bad way.

If you follow their guidelines and if you play in important well reputable casinos who have a huge turnover of millions of dollars in a year then they will never ever decline your documents until there is something terribly wrong with the documents provided.

I have given my ID card and proof of address plus utility bill to two of the most prestigious ones and they verified my account in less than 30 minutes,I call this a very fast time and the department dealing with KYC to be one of the best out there.

If you play in less well known casinos I would never suggest you verify KYC in them as who knows who is behind their team.

Outhue

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Call it whatever you want but you will only understand if you plan to open your own casino one day, it's like running a crypto exchange illegally and the SEC bouncing on you for running an illegal exchange, KYC is compulsory for every legal online casinos or else they are at a greater risk themselves, instead of thinking that they are trying to scam people using KYC try finding out why they want people to verify their ID first before they withdraw their funds.

If you don't want to see KYC requirements and you want to keep gambling, find online casinos that don't require KYC and make sure they made the statement on their ToS themselves because many won't talk about KYC requirements until you manage to win some money first.

If this is why you think they can't be trusted, I am on your side too, but before using any online casino you need to find answers yourself, presumably from other users on this forum.

piebeyb

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Quote from: benalexis12 on June 24, 2023, 12:38:26 AM

This is quite one of the terrible that will happen of a gambler who entered a casino platform here in the crypto gambling industry that after we gave our important documents to them, only to find out in the end that we were just declined.
The difficult thing here is that we have already declined to what they want and they still know and hold our true identity. So the risk of this is that we are not sure if it can be used in a bad way at the moment that the only thing we can do is pray that it is not used in a bad way.

Everything comes back to faith and trust because if there isn't that it will be difficult to be sure that we give our KYC documents to the casino but it's not safe, that's the importance of doing research, because I'm sure there are casinos that many people can actually trust, it's just that maybe we are still hesitant to use trust in casinos that may be like new or small casinos.

I also will never give my documents and KYC to a new casino let alone a small casino because I know it won't be safe to do that, but I only give my documents and KYC to big casinos where they are the top casinos and will always be an option to strengthen trust We know that they can take good care of our documents, there is no need to discuss KYC at the casino, even government sites that hold our information data can be hacked and leaked, so this is just a matter of trust, even though it's not completely safe. Wink

benalexis12

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Quote from: coin-investor on June 09, 2023, 11:49:42 PM

Quote from: Casdinyard on June 09, 2023, 06:22:18 PM

In any case, KYC shouldn't be questioned, it's a very reliable form of verification to ensure that law enforcements can get a hold of you when shit hits the fan, and it's also a form of customer protection as a company that requires KYC is obliged to work in close relations with their respective government, if things don't go well for you, you can sue them in court and have them pay you for reparations.

That should be the case but in some cases, casinos are declining the KYC because they cannot establish the identity how can it be possible if you are the one playing and you submit all your documents then you are declined?
It's hard to accept for a player if he can't get his account verified even though all the documents needed are already submitted.

I already did KYC on government institutions and some sites and they accept it because it's really me and all the documents they requested are all submitted then how come casinos cannot?

This is quite one of the terrible that will happen of a gambler who entered a casino platform here in the crypto gambling industry that after we gave our important documents to them, only to find out in the end that we were just declined.
The difficult thing here is that we have already declined to what they want and they still know and hold our true identity. So the risk of this is that we are not sure if it can be used in a bad way at the moment that the only thing we can do is pray that it is not used in a bad way.

Doan9269

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Quote from: kamvreto on June 23, 2023, 01:12:37 PM

Quote from: iv4n on June 23, 2023, 12:09:22 PM

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

there is a lot of debate regarding KYC in online casinos. Using KYC as one of the conditions for withdrawing a certain amount also has the aim of identifying users so that they are not used as places for money laundering. The pros and cons of KYC in online casinos have been around for a long time. But if you really don't agree, you can look for online casinos without KYC.
I only do gambling as entertainment and do not use large funds. Then there's nothing for me to deposit, just a small fund won't go over the limit that requires depositing KYC.

I already know about using this online casinos to have their regulatione base on KYC request and other requirements and that should be what we must have on mind each time we are using them to always give them what they require as long as we are using the kyc casinos, if we cannot afford leaving our private information open to them then going by the option of few casinos that doesn't support kyc requirements is a good take for us as well.

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Quote from: len01 on June 23, 2023, 09:13:51 PM

but its not that easy to believe in any casino even big casino. if you remember there was a case here of a big and popular casino selling its customers KYC data to other big casinos. I know this is not the behavior of casino owners but casino employees themselves to seek greater profits by selling customer data. so don't easily trust small casinos or big casinos but take some time to do research before deciding to trust and submit the KYC.

The question is, does a casino that, for example, we think cannot be trusted regarding KYC usage, has its characteristics? Because so far what I have found are casinos that withhold money or block their user accounts when something is considered suspicious, while casinos that sell user data I have only learned about one casino but even then the chronology is not clear.
But as you said it is very possible that there was an act of employees from the casino because it is difficult to believe that casinos are taking advantage by selling player data which would actually have a worse impact on their business if it was made public.

len01

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Quote from: piebeyb on June 23, 2023, 10:50:10 AM

Quote from: len01 on June 23, 2023, 06:08:12 AM

Quote from: Yatsan on June 22, 2023, 06:00:13 PM

-snip

Yes, it's true that anything related to KYC is always risky, but the importance of trust from us to casinos and vice versa is very necessary so that it facilitates the process of mutual trust to complete this KYC, after all it is impossible if a large casino that obeys the law will sell user data through KYC documents that are collected from users at the casino, hence why I never gamble at new casinos that ask me to complete KYC before playing.

I think it will take me some time to see if the casino is really safe for me to comply with providing important documents and KYC for the casino, so far I have only completed KYC on big sites like Stake and some other big casinos, it's true that this is all just a matter of trust , if you don't believe it, you should leave it, but if it's a trusted site, I'm sure everything will be safe. Wink

but its not that easy to believe in any casino even big casino. if you remember there was a case here of a big and popular casino selling its customers KYC data to other big casinos. I know this is not the behavior of casino owners but casino employees themselves to seek greater profits by selling customer data. so don't easily trust small casinos or big casinos but take some time to do research before deciding to trust and submit the KYC.

ChiBitCTy

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I use the Know your Customer system all the time for work, being that I work in finance, and it's always something that is certainly in the best interest of the client. I think by Casinos requiring it up front (IF they are legit casinos), this is a good thing for both them and the gambler. This way if you have a big winning, and have the KYC supporting documents to prove you had a "contract" with them, then they'll be forced to pay out your winnings (if it came down to it). I mean I'm sure there's other factors to consider of course.

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Quote from: Wiwo on June 11, 2023, 04:13:30 PM

Quote from: Zackgeno96 on June 11, 2023, 02:05:32 PM

This is something that every gambling site is only too happy to ask of its players these days. What I don't think is correct is that gambling sites abuse this mechanism to withhold payouts as long as possible. Only when a player has won a lot of money and wants to pay out, sites come up with this KYC procedure. Very unfortunate, because that way the general image of the gambling site will not improve in general. It will also have a lot to do with which country you obtained your gambling license through.

I am sure only shady xasinoa will want to use kyc to nail their players for winning a big amount and it sound irritating to hear such complaints coming from some playees how the casino suddenly demand for kyc documents immediately their place for withdrawal,, and if the mount is smaller than the limit for non-kyc withdrawal which os some time set as $5000.

So any amount below this amount can be withdrawn without KYC verification., so at that it becomes mandatory to take note of the balance and amount you want to withdraw in such an account.

Apart from shady casinos this kind of thing also happens in small casinos which have not very big bankrolls.
There are lots of similar cases happening and being complained about in several threads in this forum.
I no longer believe in those small casinos that offer good service and say they don't need verification in any form because when we get a big win they will still ask for KYC requirements or if not the account is frozen.

Yes, the amount of withdrawal also affects whether or not you will need KYC because usually in some casinos I also find the same thing where there is a maximum withdrawal that can be processed without any requirements.

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Quote from: iv4n on June 23, 2023, 02:03:45 PM

Anyway, if casinos have "optional KYC" (and most of them have that), we should be ready for KYC at some moment. If we are not ready for that KYC then we shouldn't even think about depositing there in the first place.

When it comes to engaging in casino activities seriously, I take the necessary steps to research and gather information about them. Upon registering, I ensure that I have prepared my KYC (Know Your Customer) documents in advance. This precautionary measure aims to prevent any potential frustrations during the withdrawal process caused by the casino's KYC requirements. Hence, I make it a priority to submit and verify my documents prior to making any deposits.

To avoid encountering complications, I steer clear of casinos that have been reviewed for raising KYC-related issues or displaying prolonged verification periods, which may be intentional tactics to withhold winnings. I am fully aware of such casinos and proactively choose not to engage with them.

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Quote from: Josefjix on June 23, 2023, 10:48:15 AM

Making exaggerated justifications for their careless behavior toward their consumers is something that needs to be dealt with seriously since it leads to customer dissatisfaction and complaints that are not handled properly. I appreciate my KYC; it's straightforward and functional, so maybe I won't have any issues with withdrawals. Although they can be quite stressful, KYC is one of the crucial steps to take for the purpose to secure an account. We need take these steps in order to solve our concerns and enjoyed every single bit of the gambling system.

Centralized platforms can't be fully trusted but we don't have a better options than to use them because the decentralized casino aren't better for now. If you make use of them, you also have a higher chances of your money been lost as they haven't gained enough recognition to be trusted.

The centralized casino are well known and have public figures that makes it hard for them to run away with customers funds but decentralized casinos can run without been traced due to them been anonymous and not having any public figure representing them that can be held responsible.
.
KYC on centralized casino has to be done because that's one of their requirements to use their platforms. There hasn't been any issue of mishandling of customers private information by this online casinos so they can still be trusted and our KYC details been submitted.

DoublerHunter

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Quote from: iv4n on June 23, 2023, 12:09:22 PM

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

^That is a good question that you pointed out.
If you are confident enough to deposit and play in a particular casino, it is reasonable to assume that you should also be comfortable with the KYC system they have in place. This is especially true when larger amounts of money are at stake. By trusting the casino with your funds, it is logical to extend that trust to provide them with any additional information they require through the KYC process. Because the purpose of KYC is to ensure the security and legitimacy of financial transactions, and it serves as a protective measure for both the casino and its customers.

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Quote from: iv4n on June 23, 2023, 02:03:45 PM

Anyway, if casinos have "optional KYC" (and most of them have that), we should be ready for KYC at some moment. If we are not ready for that KYC then we shouldn't even think about depositing there in the first place.

As a regular gambler in fiat online casinos, KYC there is already a common thing. It's because withdrawal options are mostly through the account's online bank (or digital fiat wallet). Not really for the purpose of just winning big. That's why I'm already used to this KYC stuff in gambling.

Besides, it's not that full KYC verification will be asked. There's even no need of submitting IDs or whatever. Just an OTP is enough. However, the case in crypto-gambling sites is different. From what I see, they mostly asked for documents***. Although not mandatory, expect that someday it will be taken as necessary requirement.

I agree with you that users should be ready anytime at KYC, especially, in crypto-gambling sites because of "centralization".

lizarder

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Quote from: robelneo on June 09, 2023, 05:59:00 PM

Both parties the player and the casino can agree to do a mediation through third-party/parties. but do you think it has bad consequences if the third party proves the player is right in establishing his identity, then the casino's KYC is not reliable?

This actually looks strange when there are sites that reject KYC because almost many casino sites that encourage users to do KYC thoroughly. Although some people or I personally consider KYC something that is not needed because considering it can leak our identity, but when there is a casino site that has a reputation and many users who reject KYC actually need to be questioned, it could be a mistake in filling in personal data so The site refused and did not finish KYC perfectly.

Until now I have never been involved in a big victory in gambling so that I have never felt rejected and also never did KYC on any casino site, because at this time I only play gambling with small bets that are not so routine. So that the KYC rejection case I have never faced and felt for now and there was also no reference regarding the issue.

Mahanton

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Quote from: Kasabus on June 23, 2023, 11:01:14 AM

Quote from: robelneo on June 09, 2023, 05:59:00 PM

Take note, Casinos will ask or demand a KYC if there's a big winning involved, is this one of their ways to scam their players?

It's somehow debatable because there are other platforms that I personally know of that are not really strict about their KYC procedure as long as you can provide the needed documents to prove that it's you personally who have won the money and of course, if you're eligible to get the massive wins and that you're already old enough to be playing for starters.

Although I also heard some isolated cases that casinos are using KYCs to get away with their responsibilities and has been using that ever since to decline the users of their winnings. I'd say, we've signed up for it and it was our own choice that we chose them and personally, it's already a gamble choosing reliable and reputable casinos because we all know that they are all not the same

If we do speak solely about having that KYC because they arent tending to pay up a on certain win then it would really be just too shallow reason for a certain winner to give up because most or 99% of them would
definitely be complying out on whats being asked since we are talking some money on here which is something that cant really be neglected or simply you would really be giving on whats been asked because it does
really put up the risks on wavering those winnings if you wont which it is really just that a waste.If ever a certain user has done on having that KYc but still ending up on having those locked winnings then better
to assume out that you've been able to deal up with a scam casino. This is the primary behavior into those places on which they arent tending to pay up those winners
since from the beginning and this is why you should really be that wise when it comes to selection of platforms on where you would really be playing.

slapper

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Quote from: TheUltraElite on June 19, 2023, 09:09:49 AM

Quote from: Nrcewker on June 11, 2023, 09:30:18 PM

It’s better to choose casinos which don’t ask for KYC. Providing personal information for many people is still acceptable in order to get the profits, but the main problem arrives when the data is leaked or shared or just sold to other parties. This is the main reason for which many people hate this KYC thing. Moreover no site has ever shared publicly, how they verify a person’s KYC details and confirms it. So yes we are helpless here.

A lot of gambling sites initially start as non-KYC but within a year or two they change their stance. It leads to a public outcry but the memory of the public is short term and they move on.

Fact is that there many gamblers out there who do not mind giving their KYC to these sites either. So for the sites this is a safer group to cater to instead of those who might resist to give a KYC.

I feel that if you are concerned about KYC and identity theft and want to gamble regularly, you need to reach a middle ground. Keep changing the site every few years because new ones are always popping up or just accept and move on from gambling life, which is next to impossible for most of my fellow members.

Your keen eye for the online gambling ecosystem surfaces vital issues, primarily KYC policies and data safety. As you've spotted, some platforms dodge KYC norms at the outset only to enforce them later, causing discomfort among users.

In defense of these platforms, KYC safeguards have dual merits - they ensure rule adherence and curb fiscal fraud. But it does demand users to reveal personal details.

Your idea of switching between gambling sites also has its hazards, as each move risks data exposure. An alternative, though severe, could be to step back from gambling entirely - an improbable option for passionate players, as you concede.

In essence, this dilemma underlines the tightrope walk between safety and privacy in today's cyber age.

iv4n

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Quote from: kamvreto on June 23, 2023, 01:12:37 PM

Quote from: iv4n on June 23, 2023, 12:09:22 PM

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

there is a lot of debate regarding KYC in online casinos. Using KYC as one of the conditions for withdrawing a certain amount also has the aim of identifying users so that they are not used as places for money laundering. The pros and cons of KYC in online casinos have been around for a long time. But if you really don't agree, you can look for online casinos without KYC.
I only do gambling as entertainment and do not use large funds. Then there's nothing for me to deposit, just a small fund won't go over the limit that requires depositing KYC.

It's not about debate! Casinos have that in their ToS. It's their rule... at least in all casinos I play, that have slots, sportsbooks, and in-house games. And I am the one who plays in many casinos without KYC (with numerous deposits/withdrawals), at least for now. I guess I am a fair player, or maybe GOSU, so they don't ask much!

Anyway, if casinos have "optional KYC" (and most of them have that), we should be ready for KYC at some moment. If we are not ready for that KYC then we shouldn't even think about depositing there in the first place.

Topic: How Confident Are You In The Reliability of the KYC system - page 4. (Read 998 times)