How Confident Are You In The Reliability of the KYC system - page 6.

michellee

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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.

That means we play it safe in gambling because depositing below the minimum KYC limit will not be asked to do KYC. Even though the casino can request this later at any time, we can still enjoy playing gambling anonymously so we don't have to send any documents.

But we also need to be prepared if the casino asks us to do KYC one day. I'm not very confident about submitting documents to any site for KYC purposes but if that's a requirement, I'd choose a site that can really be trusted.

And as long as I haven't been asked to do KYC, I haven't done it even though it's to get a bonus that requires KYC.

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

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.

It's possible, but I doubt most casinos will rely on that method when they can handle these KYC cases much better.

Quote from: Wiwo on June 11, 2023, 05:13:30 PM

So any amount below this amount can be withdrawn without KYC verification., so at that it becomes mandatory to take note of the balance and amount you want to withdraw in such an account.

Some casinos might have these rules, but if you're lucky, you can even get away with it. In one of the gambling sites i've played, I was already above their threshold, but they're still not requiring me to go through KYC.

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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?

They can reject your kyc if something is missing, or they find your documents being suspicious or not being clear. Even after submitting all your documents and you proof to have submitted all the right documents, they can still reject your kyc if they are not confident about the documents you submitted, you might have submitted the right documents, but since the casinos are not close to you, so they might be thinking you submitted false documents even if the documents submitted are right.

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?

Some casinos do ask for kyc immediately you register on their site, you won’t even be allowed to deposit if you don’t complete your kyc, and some casinos will request to complete their kyc if the amount they are trying to withdraw gets to some certain price. I can’t say it’s one of their way in scamming people if it’s stated in their terms and conditions and you accept it, the only time I can call it one of their way of scamming people after winning is that if their customer provides all the necessary documents for kyc and they ended up rejecting the kyc.

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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 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.

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Quote from: pawanjain on June 10, 2023, 11:56:42 AM

If only sites used KYC just for verification purpose then it would have made sense but the fact that they are using KYC as a way to get away with user's allegations is what really frustrating.
The fact that there are sites who sell our KYC data to other companies is another reason why I hate giving up KYC.

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.

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Quote from: Zackgeno96 on June 11, 2023, 03:05:32 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.

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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.

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Quote from: Rabi3 on June 10, 2023, 07:51:50 PM

in my opinion, things should be forward and more precise, like KYC is not required for this amount ex $9999, more than that a user has to provide his documents and a selfie and write a text on a paper or even a video call, and to avoid not accepting some documents they should list the accpeted documents for different countries with examples of which and how they look, but a lot of casinos make it so vague that people would doubt themselves if they don't accept the documents they provided, i don't trust them at all, sometimes when i make a bet that could get me a huge profit i doubt that i can get my money because of so many cases of users claiming to be discriminated aginst because they won big, online casinos are very sketchy to me.

Most times the way these casinos present themselves makes it really look suspicious and rather than making their terms and conditions clear, they choose to make it very vague because maybe they already have thoughts and plans on scamming their customers if anyone accepts the terms and conditions and at some points, I feel the gambler has nothing guaranteed For them because every rule has been made to favour the house and not the gambler.

Quote from: 2Pizza410000BTC on June 10, 2023, 11:10:54 PM

If the casino sites are trusted and approved by the government then I have no problem submitting personal information but if the casino site is temporary and weak in terms of security then doing KYC remains a risk.

I think there have also been Some cases with registered casinos who end up scamming their players with kyc and as well as T&C because the players had no control over this.

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Quote from: Saint-loup on June 10, 2023, 06:58:30 PM

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

snip

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?

No casino don't always ask for KYC for big winnings. If the player is a losing one, spending his money there, they won't demand anything. They will leave him alone in order to let him continue to gamble here. But if the customer is a winning one, they will ask for a KYC, even if he hasn't made any substantial gains till now.

all gambling players must have preparation in all situations especially sometimes a gambling site often makes it difficult for their players who win big money (jackpot) on their gambling site, what is their purpose, one is to determine whether the player is honest or fraudulent, the second is to keep the flow their gambling site funds, however they run a business that deals with money, so everything must be processed carefully. but often scam gambling sites make it difficult for their users to make withdrawals ^{(such as unreasonable KYC or other types of verification)} because they have never been honest from the start, for that, pay attention again to the gambling site that you will use, i suggest only using one that has a good reputation.

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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?

Several KYC procedures I've already went through had third party services as middlemen. Those services were the responsible ones for approving the IDs provided or not, and not the platform itself. The cons is that such services can do anything they want with your documents.

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

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 configures the casino is simply scamming the player. In this case I believe the gambler shouldn't worry about KYC procedure efficiency anymore, rather he should expose the casino on the best available channels such as bitcointalk forum reputation and scam accusations' threads, what can potentially change the casino's stance towards the case or at least to enlight another gamblers about the potential risks they are facing when playing there.

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Quote from: Yamifoud on June 10, 2023, 11:23:24 PM

Quote from: kamvreto on June 10, 2023, 07:39:53 PM

Quote from: Hispo on June 10, 2023, 07:20:05 PM

~snip~That is the future, whether we like it or not. It may become more intrusive to the privacy of gamblers, because in theory that would mean a casino could store our bio-metric information, but in that way a third party would not be necessary because the issuer (our nations government in this case) would provide public keys for anyone to verify whether the data is legitimate or not.

In the end, casinos won't have to trust either just verify. Hopefully, law will demand them to delete any bio-metric information after the KYC is done. Tongue

Not only the privacy of the gambler, but the privacy of everyone who wants to be involved will be compromised. Rules with KYC will indeed inhibit crimes that take advantage of casinos such as money laundering. This will only be an option for those who don't mind KYC and those who don't agree can look for other casinos that don't implement KYC.
The current casino rule is to determine through the amount of money that is wagered or will be withdrawn. If it exceeds a certain amount then they are required to do KYC.

Some casinos are collecting data for their evil intention and we can't deny that but for sure, some are still keeping it in the right way and for a good reason. Choosing the right site to comply with our KYC should be on our minds, not because they offer us huge rewards and bonuses, yet we will suffer the loss of our personal identities. That is why gamblers are preferred to gamble in casinos that never require KYC and can withdraw freely anytime because they are aware of how these (some) casinos are doing.

I don't mean that casinos are evil just because they ask or keep information about us. They may not even want to do that but they are forced by regulators. However, I will admit that if some evil or ill intentioned person with enough money wanted to gather biometric and personal information from people so they can later sell it to cyber criminals, having the façade of an online casino could be perfect for those bad plans.

After they accumulate thousands or even hundred of thousands of selfies, names, IDs and passports, they would announce the end of their service and final chances for withdrawvals, then they take our identities and sell them for a handful of Bitcoin or monero.

Unfortunately, with biometric data being used to personal identification, it just means those operations could be more dangerous, we would get even our fingerprints stolen...

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

KYC or

Quote

Know Your Client (KYC) is a standard in the investment industry that ensures advisors can verify a client's identity and know their client's investment knowledge and financial profile.

Reference: https://www.investopedia.com/terms/k/knowyourclient.asp

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?

(don't want to make reference to any casino because other casinos could implement this).

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?

If that is the case, then I will consider that as scam as the gambling site use the terms in KYC to prevent players from withdrawing their wins. Purposefully declining KYC of a player a dirty play for them. That is why from the first place, selecting which gambling site would you risk your funds is very important. They maybe certain restrictions, such as one's country's limitation for withdraws.

Most companies won't give information about their system as to how they manage such thing, so if there is any manipulation inside, then just accept that they won't let you release your hard earned wins. KYC should be a protection for both parties, not to take advantage of player's wins.

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Quote from: ethereumhunter on June 11, 2023, 02:58:02 AM

Quote from: 2Pizza410000BTC on June 10, 2023, 11:10:54 PM

If the casino sites are trusted and approved by the government then I have no problem submitting personal information but if the casino site is temporary and weak in terms of security then doing KYC remains a risk.

That's why you must find a trusted casino that can give you a sense of security so they can take good care of your personal data. And don't ever try to play gambling in shady casinos, especially those with many problems they can't or won't solve.

Trusted casinos will provide good security to their members so they can be calm playing there. So by having a list of trusted casinos, you can do KYC with peace of mind and no worries, although nothing is 100% secure when we talk about the internet.

Not only that but they can also take care of our money because casinos like that ensure that their security is robust. Sometimes we can't help but fall in to a shady casino because they are also good at sales talk. They can promise a better bonus system than the other and they are paying well in their early days.

We can't suspect them till one day we only find out that they have now turned into a scam. Even we are confident about the casino, being calm can sometimes hard to maintain when we are losing our money in the game but being tense does not help either. It will only make the situation worse. We must remember that being positive is the one that can attract luck.

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

KYC or

Quote

Know Your Client (KYC) is a standard in the investment industry that ensures advisors can verify a client's identity and know their client's investment knowledge and financial profile.

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?

Casino can reject your KYC for so many reasons, they can reject it because you didn't follow there directives or some information aren't clear. Some casino can also reject your KYC when you use document that aren't acceptable by the casino like student ID.

Some documents aren't valid outside your country but many gamblers don't know which is why you need to complete KYC before you start using any casino because it's safer when you have completed all their verification process so they can't deny your withdrawal.

A trustworthy casino will tell you the reason behind rejecting your documents you submitted for KYC verification. If they don't tell you on the KYC page, you can contact their customer care and they'll attend to you but when they don't know you're using a shitty casino.

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Quote from: 2Pizza410000BTC on June 10, 2023, 11:10:54 PM

If the casino sites are trusted and approved by the government then I have no problem submitting personal information but if the casino site is temporary and weak in terms of security then doing KYC remains a risk.

That's why you must find a trusted casino that can give you a sense of security so they can take good care of your personal data. And don't ever try to play gambling in shady casinos, especially those with many problems they can't or won't solve.

Trusted casinos will provide good security to their members so they can be calm playing there. So by having a list of trusted casinos, you can do KYC with peace of mind and no worries, although nothing is 100% secure when we talk about the internet.

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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?

You cannot dismiss the fact that there are players that abuses casinos and tries whatever means necessary to get around their security checks such as KYC. They can fake their documents or even buy one on the black market. They can also pay someone to pretend as him during video calls.

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?

It may affect their reputation but that's part of the business. They have to improve their system so those mistakes don't happen again.

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?

Why still pin it on the casino when there is already a third party involved? Nothing wrong with their system as proven by the mediator.
You can ask but you have no right to just demand casinos to show how their security checks works when you're not even the player involved since it also poses risk on their part.

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Quote from: kamvreto on June 10, 2023, 07:39:53 PM

Quote from: Hispo on June 10, 2023, 07:20:05 PM

~snip~That is the future, whether we like it or not. It may become more intrusive to the privacy of gamblers, because in theory that would mean a casino could store our bio-metric information, but in that way a third party would not be necessary because the issuer (our nations government in this case) would provide public keys for anyone to verify whether the data is legitimate or not.

In the end, casinos won't have to trust either just verify. Hopefully, law will demand them to delete any bio-metric information after the KYC is done. Tongue

Not only the privacy of the gambler, but the privacy of everyone who wants to be involved will be compromised. Rules with KYC will indeed inhibit crimes that take advantage of casinos such as money laundering. This will only be an option for those who don't mind KYC and those who don't agree can look for other casinos that don't implement KYC.
The current casino rule is to determine through the amount of money that is wagered or will be withdrawn. If it exceeds a certain amount then they are required to do KYC.

Some casinos are collecting data for their evil intention and we can't deny that but for sure, some are still keeping it in the right way and for a good reason. Choosing the right site to comply with our KYC should be on our minds, not because they offer us huge rewards and bonuses, yet we will suffer the loss of our personal identities. That is why gamblers are preferred to gamble in casinos that never require KYC and can withdraw freely anytime because they are aware of how these (some) casinos are doing.

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I have not yet been asked for KYC in cryptocurrency casinos. Probably because I make low stakes and my withdrawals have been hundreds of dollars at most. I wouldn't like having to send my documents, but if I won a big jackpot of thousands and there was no other choice, I would do it, also thinking that I only bet on trusted sites with reputation. But I think the imposition of more and more KYC on crypto casinos takes away some of their appeal.

Quote from: Wexnident on June 10, 2023, 09:29:43 PM

Err I guess I trust the ones that I do KYC with? I've never had issues after all with the ones I've played with. I don't know how the process of KYC goes exactly in these casinos so I can't really recommend a way to improve the accuracy of whatever they do, maybe convene in cases where KYC fails? What are the possible issues when KYC fails anyway?

Your experience is like most people on the forum, there is no general problem with people sending KYC, but I understand that the fear is also that your data once sent may end up in the hands of third parties.

Quote from: 2Pizza410000BTC on June 10, 2023, 11:10:54 PM

If the casino sites are trusted and approved by the government then I have no problem submitting personal information but if the casino site is temporary and weak in terms of security then doing KYC remains a risk.

By the government? By which government? The government of Curaçao, which is where most crypto casinos get their licenses?

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If the casino sites are trusted and approved by the government then I have no problem submitting personal information but if the casino site is temporary and weak in terms of security then doing KYC remains a risk.

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Err I guess I trust the ones that I do KYC with? I've never had issues after all with the ones I've played with. I don't know how the process of KYC goes exactly in these casinos so I can't really recommend a way to improve the accuracy of whatever they do, maybe convene in cases where KYC fails? What are the possible issues when KYC fails anyway?

Casinos require KYC in the first place when big wins happen because they're afraid of money laundering. It isn't wrong to say they target those audiences but at the same time, some context is needed so as to avoid some misunderstandings (I won't deny that there are some casinos that take advantage of this idea though). I guess the least a casino can do so as to avoid issues is if the amount of money involved in an account is more than the amount that they deposited, they can give the initial deposit amount (or whatevers left with it). If not, then they simply don't need to give anything and just lock the account.

Topic: How Confident Are You In The Reliability of the KYC system - page 6. (Read 928 times)