How Confident Are You In The Reliability of the KYC system - page 5.

kamvreto

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Quote from: iv4n on June 23, 2023, 01:09:22 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.

klidex

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Quote from: Cling18 on June 23, 2023, 12:49:40 PM

Quote from: Kasabus on June 23, 2023, 12:01:14 PM

Quote from: robelneo on June 09, 2023, 06:59:00 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

Yes, there are cases where winners have complied with the KYC requirements but casinos aren't allowing them to pass the procedure which I think is unfair to players who have experienced such a thing. That's also one of the reasons why most gamblers these days are avoiding KYCs to get rid of unnecessary and unexpected situations in the future.
With reputable casinos, I don't have any doubt when it comes to passing the KYC requirements as I believe that they are protecting their users' private information. They aren't using KYC against their players as long as all the required documents are complete. Casinos really have to require KYCs to protect their site and to avoid abuse at the same time. They are also requiring it to track fraudulent activities.

However, choosing a casino that is trusted and has a good reputation is the best choice for now because most casinos already have KYC regulations to detect long-term fraudulent activities carried out by gamblers so that casinos have requirements to ask for KYC before carrying out gambling activities.
By choosing a reputable casino, of course we will not hesitate to submit our personal data which is always guarded by this casino.

iv4n

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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?

Cling18

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Quote from: Kasabus on June 23, 2023, 12:01:14 PM

Quote from: robelneo on June 09, 2023, 06:59:00 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

Yes, there are cases where winners have complied with the KYC requirements but casinos aren't allowing them to pass the procedure which I think is unfair to players who have experienced such a thing. That's also one of the reasons why most gamblers these days are avoiding KYCs to get rid of unnecessary and unexpected situations in the future.
With reputable casinos, I don't have any doubt when it comes to passing the KYC requirements as I believe that they are protecting their users' private information. They aren't using KYC against their players as long as all the required documents are complete. Casinos really have to require KYCs to protect their site and to avoid abuse at the same time. They are also requiring it to track fraudulent activities.

Kasabus

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Quote from: robelneo on June 09, 2023, 06:59:00 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

piebeyb

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Quote from: len01 on June 23, 2023, 07:08:12 AM

Quote from: Yatsan on June 22, 2023, 07:00:13 PM

But what about other applications outside gambling sites? We are sending personal informarions right? Like with mobile banking and such. Yes that is under law authorities which gives us assurance, but still employees could have access into it so there's still a possibility of information breach. This is my take, from being with long existing casinos who are asking for Kyc, fortunately, no bad thing happen at my end.

anything that involves KYC will certainly be very risky that our privacy data will be sold or lost. but here we are talking about trust because if we comply with KYC procedures on a trusted platform such as a large and trusted popular gambling site, of course the team there is trying to take good care of our personal data and even though we send KYC data to the bank, of course the employees will also protect personal data us not to be abused.

well, here it is quite clear that our belief in the KYC system is only about trust.

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

Josefjix

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yes

Quote from: goaldigger on June 11, 2023, 05:19:19 PM

This is the downside of KYC as we don’t actually know who are selling the data to other companies and yes some site are using this option to make excuse on paying the gamblers with their winnings, its sad but its happening. If you are still not confident about KYC, I’m pretty sure there are still site that are not asking for any KYC and that can be a good alternative for you.

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.

LUCKMCFLY

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Basically , if we base ourselves on what KYC means, it is something that we see as a requirement that comes from the governments and from the organizations that control us , and that alone is already angry, also giving our data and that they leaking is one of the fears that also occurs , so all this , even if very few see it , these things are for true control , for governments and for third parties, it is not Convenient for people to have their money and be untouchable, it has to be controlled to be able to Collect more taxes and have Everything under control , something like what happens in China.

len01

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Quote from: Yatsan on June 22, 2023, 07:00:13 PM

But what about other applications outside gambling sites? We are sending personal informarions right? Like with mobile banking and such. Yes that is under law authorities which gives us assurance, but still employees could have access into it so there's still a possibility of information breach. This is my take, from being with long existing casinos who are asking for Kyc, fortunately, no bad thing happen at my end.

anything that involves KYC will certainly be very risky that our privacy data will be sold or lost. but here we are talking about trust because if we comply with KYC procedures on a trusted platform such as a large and trusted popular gambling site, of course the team there is trying to take good care of our personal data and even though we send KYC data to the bank, of course the employees will also protect personal data us not to be abused.

well, here it is quite clear that our belief in the KYC system is only about trust.

carlfebz2

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Quote from: TheUltraElite on June 19, 2023, 10:09:49 AM

Quote from: Nrcewker on June 11, 2023, 10:30:18 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.

Yeah, they are just trying to hook up when they are just still starting but dont get shocked on the time that they would be making out some changes which it isnt really that shocking since it is really that these platforms are centralized and regulated which means that even when they had just started up and if you do look up into their TOS then you would really be seeing that they are really that still asking for
those possible KYC if ever you had violated something within their TOS.

This is why when you do touch up something like these platforms then better prepare yourself on possible requirement but it wont really be something that you would get bothered because
mostly they would ask out for some KYC if ever you do make some huge hit (exclusive to those who are shady casinos) and to those possible violations that you had hit up.
We know that there's nothing we can do about it because you are the ones who had ticked out and agreed with those terms on the time that you had made out some registration.

Yatsan

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Been discussed for a long time. I'd still say I'm fine with providing and complying to KYC procedures, but ofcourse if it is percentage of assurance, I still have worries about it. My way to lessen the worry is to only engage with reliable gambling sites in this industry and not with new ones in the market. There won't be no 100% guarantee but atleast, it would be at less risk right?

Quote from: Wakate on June 22, 2023, 06:40:44 PM

Quote from: Nrcewker on June 11, 2023, 10:30:18 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.

KYC casinos can be very frustrating with there terms and conditions and if we do not understand that before we registered on the casino, we might not get what we are looking because of the stress of submitting credentials and waiting for the team or customer care to confirm it. I will never suggest any person to subscribe to a KYC casinos because of the risk it could post to those of us that do not like our information and privacy to be with third parties. If our information is sold, we can lose our privacy because the mistake we made to use a KYC casinos to bet.

But what about other applications outside gambling sites? We are sending personal informarions right? Like with mobile banking and such. Yes that is under law authorities which gives us assurance, but still employees could have access into it so there's still a possibility of information breach. This is my take, from being with long existing casinos who are asking for Kyc, fortunately, no bad thing happen at my end.

Wakate

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Quote from: Nrcewker on June 11, 2023, 10:30:18 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.

KYC casinos can be very frustrating with there terms and conditions and if we do not understand that before we registered on the casino, we might not get what we are looking because of the stress of submitting credentials and waiting for the team or customer care to confirm it. I will never suggest any person to subscribe to a KYC casinos because of the risk it could post to those of us that do not like our information and privacy to be with third parties. If our information is sold, we can lose our privacy because the mistake we made to use a KYC casinos to bet.

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Quote from: Davidvictorson on June 12, 2023, 12:35:09 PM

Quote from: robelneo on June 09, 2023, 06:59:00 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?

If the third-party proved that the casino is right but the player swore that he submit all the documents and is willing to do the extra mile to establish his identity, can we conclude that Casino's KYC procedure is different and we have the right to know how and what system they are using to decline our submission because we can be the next to suffer from this Casinos' KYC system?

This is my opinion about online casinos and the KYC process, why would you want to verify a Bitcoin player when cashing out when the entire point of playing in crypto is privacy. I think this is almost against the rules of using bitcoin option for gambling. And I know that I am not alone in this . Don't you think so? One encounter I had with a casino is that after I had requested my withdrawal of funds, it was then I was informed that my account was not verified even though I had my uploaded his driver's license, utility bill and a picture with ID upon signing up. When I contacted Live support on chat to inquire further and the agent informed him that one of his colleagues will call him shortly to confirm his identity. I honestly see no reason for this when my payment method of choice was Bitcoin. After the call, my account was verified and I withdrawal was successful. It was terribly frustrating.

Casinos would love to go back to that system, but governments are pressuring them to comply with their laws, now a small casino may be able to get away with this for a time, but as it gets more popular and the amount of money moving in that casino increased then the government will make them to comply with threats of jail time if they do not, so instead of closing the casino as it would be the right thing to do, they decide to comply as the money is too good for them to give it up at the time.

TheUltraElite

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Quote from: Nrcewker on June 11, 2023, 10:30:18 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.

Davidvictorson

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Quote from: robelneo on June 09, 2023, 06:59:00 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?

If the third-party proved that the casino is right but the player swore that he submit all the documents and is willing to do the extra mile to establish his identity, can we conclude that Casino's KYC procedure is different and we have the right to know how and what system they are using to decline our submission because we can be the next to suffer from this Casinos' KYC system?

This is my opinion about online casinos and the KYC process, why would you want to verify a Bitcoin player when cashing out when the entire point of playing in crypto is privacy. I think this is almost against the rules of using bitcoin option for gambling. And I know that I am not alone in this . Don't you think so? One encounter I had with a casino is that after I had requested my withdrawal of funds, it was then I was informed that my account was not verified even though I had my uploaded his driver's license, utility bill and a picture with ID upon signing up. When I contacted Live support on chat to inquire further and the agent informed him that one of his colleagues will call him shortly to confirm his identity. I honestly see no reason for this when my payment method of choice was Bitcoin. After the call, my account was verified and I withdrawal was successful. It was terribly frustrating.

Fiatless

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Quote from: robelneo on June 09, 2023, 06:59:00 PM

is part of what we agreed when we sign up to play in casinos but lately I've been reading a lot of complaints
about casinos on how they accept their players' KYC, is it possible that they can decline a person's credentials even though he swore that he submit all the right documents and even undergo a video call to establish his identity?

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?

I have had some difficulties submitting my information to some platforms and it was not funny. I kept on submitting some documents and the organization failed to accept them. If a casino refuses to confirm or accept my registration I won't be troubled but if they start asking for additional documents if I get a big win, then they might be fraudulent. Reputable casinos will not ask for more KYC because they don't want to pay their customer. Any casino that asked for more KYC after a big win without genuine reason should be avoided.

Quote

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?

The reputation of the mediator is also very important. It might affect the reputation of the casino negatively if it is proven that their process is flawed because gamblers might avoid them. This mediation is time-consuming and nobody will be pleased to go through these processes.

Quote

If the third-party proved that the casino is right but the player swore that he submit all the documents and is willing to do the extra mile to establish his identity, can we conclude that Casino's KYC procedure is different and we have the right to know how and what system they are using to decline our submission because we can be the next to suffer from this Casinos' KYC system?

Since it is the casino that chooses the third party it might be difficult to get a fair judgment. Trying to establish that the documents are real could lead the gambler to seek the counsel or services of a legal practitioner. It will even be more difficult if the casino company is not registered or have a representative in one's country.

doomloop

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Quote from: seleme on June 11, 2023, 05:47:13 PM

Quote from: robelneo on June 09, 2023, 06:59:00 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 is a debatable question, no matter how hard to accept this fact it is still one way for casinos to verify user identity. I personally don't deposit as much as the amount that can be subject for KYC verification and it is not safe to share personal documents with third-parties. The same idea is true for some crypto exchanges as well. Maybe they use this method to scam big winners since it is rare to see complaints about the casinos which block user accounts that lost big.

Some casinos will ask you for KYC even if you haven't deposited a lot of money because they might suspect that you are not who you might pretend to be, they sometimes do it after seeing one's betting pattern or maybe if someone is winning a lot especially in sports betting. Some casinos even ask you to complete your KYC right after you make a deposit only to make sure you don't do something.

What I believe in is that if a person doesn't trust a platform with their personal details and documents, they should simply not gamble with them and find a platform that they think is trustable and they won't have any issues even if they are asked to complete KYC verification at any given moment.

GreatArkansas

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Most of the platforms these days are now doing KYC even non gambling platforms.

Some gamblers out there, started not to care at all about this KYC system. Most of them only care about their funds and the first thing first is if your funds are locked to that gambling platform, you have no choice but to undergo KYC.

But on the other hand, the privacy could be in risk here which is a very red flag for most people who are concern about privacy especially if you are in cryptocurrency market.

Nrcewker

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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.

Oasisman

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Quote from: robelneo on June 09, 2023, 06:59:00 PM

is part of what we agreed when we sign up to play in casinos but lately I've been reading a lot of complaints
about casinos on how they accept their players' KYC, is it possible that they can decline a person's credentials even though he swore that he submit all the right documents and even undergo a video call to establish his identity?

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?

I don't see any reason to decline a client's KYC documents unless it has an existing account that holds those documents. Right after the registration and KYC verification, they should grant their clients a full access to the online casino and set certain limits if they think the client ain't capable of losing huge bets based on their credentials provided in the KYC.
Now, if we're talking about huge wins and they decline the client's KYC documents, then that's plainly scam if otherwise there are no conflict on the account and documents presented. In fact, KYC is not really something that a casino to decide whether or not they allow you to play on their platform, but it is a requirement for them to know who they're dealing with and to protect everyone with any fraudulent activities.
However, I don't really like this whole KYC procedure because no matter how good the intentions is, there are always a possibilities that our identity and vital information will be sold to someone who develops an interest in using it for something that is against the law.

Topic: How Confident Are You In The Reliability of the KYC system - page 5. (Read 928 times)