~snip~
This is why the trust rating is very important because depend on this and we comply with their terms with a hope that our personal details will be safe from any harm. I actually have no choice but to comply with the KYC as most of the gambling site today have this requirements before you can actually maximize the platform’s full potential. I value my privacy of course in any way of life but if there’s a need to submit any personal details, I will follow it as long as its a good project or as long as the site is legit. 
Topic: How Much do you Value your Privacy in Gambling? - page 5. (Read 1356 times)
I personally care about it enough that I am sure they will not share it with my government since it would be illegal for me to play in a foreign casino. If I trust that they will not share it with my government, then I am fine about it.
And 99% of the places do not share it, so I can easily give my KYC without a worry, it doesn't really change much and doesn't really end up making it any different, we just need to end up with something that would be a little bit different. I know that not a lot of people end up with something that would be a lot worse or better, we just need to end up with something that needs to be secret enough from outside sources. Me sharing it with the casino is fine, it would be not fine if they share it with someone else.
One the terms and conditions of about gambling companies is never to share their customers personal data to any third party unless it happens that a customer involves himself in any illegal engagement in the company that requires them to provide personal information to a third party and most times the third party will always be a legal firm. So that's why I don't think anyone should be worried in providing their personal information to gambling companies except the person in question has in engaged in some illegal activities. And 99% of the places do not share it, so I can easily give my KYC without a worry, it doesn't really change much and doesn't really end up making it any different, we just need to end up with something that would be a little bit different. I know that not a lot of people end up with something that would be a lot worse or better, we just need to end up with something that needs to be secret enough from outside sources. Me sharing it with the casino is fine, it would be not fine if they share it with someone else.
I beg to disagree. It's still much better to be careful than to be sorry later on. You can't really guarantee that a casino will not sold your personal information to other third party applications because some don't really keep their word, especially those sites that just suddenly emerged and are still new to the industry, which means there's still no reputation to uphold and to stand by. If ever you will give your personal information such as your full name, address and the likes, always make sure that you are giving it to a trusted site. Because if you happen to trust the wrong website, your identity can be robbed in a snap, and your card details can be used and be exposed to thieves.
I personally care about it enough that I am sure they will not share it with my government since it would be illegal for me to play in a foreign casino. If I trust that they will not share it with my government, then I am fine about it.
And 99% of the places do not share it, so I can easily give my KYC without a worry, it doesn't really change much and doesn't really end up making it any different, we just need to end up with something that would be a little bit different. I know that not a lot of people end up with something that would be a lot worse or better, we just need to end up with something that needs to be secret enough from outside sources. Me sharing it with the casino is fine, it would be not fine if they share it with someone else.
One the terms and conditions of about gambling companies is never to share their customers personal data to any third party unless it happens that a customer involves himself in any illegal engagement in the company that requires them to provide personal information to a third party and most times the third party will always be a legal firm. So that's why I don't think anyone should be worried in providing their personal information to gambling companies except the person in question has in engaged in some illegal activities. And 99% of the places do not share it, so I can easily give my KYC without a worry, it doesn't really change much and doesn't really end up making it any different, we just need to end up with something that would be a little bit different. I know that not a lot of people end up with something that would be a lot worse or better, we just need to end up with something that needs to be secret enough from outside sources. Me sharing it with the casino is fine, it would be not fine if they share it with someone else.
How can you be sure that the KYC data stored at the gambling sites is secure with them and they may only produce them to a legal firm on demand? Why can't they misuse the data without even us knowing about it? There is no guarantee of our KYC data as to how it may be used. Yes, we can trust the gambling sites to safeguard our data, but we can only hope so.
Some people will say that KYC done at trusted sites is safe, but it is not. It does not matter if you do KYC on a trusted site or a non-trusted one, the risk may be more in non-trusted sites but you can't be sure even on the credibility of the popular gambling sites.
Alright, folks, gimme a sec. I gotta crunch the numbers and convert that 70k bucks to our local currency. So, based on my math, it's nearly 4 million pesos! I reckon I'm gonna have to go through the whole KYC thing, you know, it's like hitting the jackpot for me. I'm ready to say goodbye to my mysterious, anonymous self, let the gambling site know who I am, and get my hands on that sweet, massive win!
$70k is a whole lot of money that i will not think twice before giving out my data for verifications, after all i won the money so i can drive a source of funds if authorities demand it, aside from that, I don't have any worries as regards to this because that amount is significant enough to the point that a lot and many will not also deny themselves of that.
So best practice is to stake a bigger amount in casinos that you feel comfortable with to the extent of being willing to go through with their verification process if need be.
So best practice is to stake a bigger amount in casinos that you feel comfortable with to the extent of being willing to go through with their verification process if need be.
I personally care about it enough that I am sure they will not share it with my government since it would be illegal for me to play in a foreign casino. If I trust that they will not share it with my government, then I am fine about it.
And 99% of the places do not share it, so I can easily give my KYC without a worry, it doesn't really change much and doesn't really end up making it any different, we just need to end up with something that would be a little bit different. I know that not a lot of people end up with something that would be a lot worse or better, we just need to end up with something that needs to be secret enough from outside sources. Me sharing it with the casino is fine, it would be not fine if they share it with someone else.
One the terms and conditions of about gambling companies is never to share their customers personal data to any third party unless it happens that a customer involves himself in any illegal engagement in the company that requires them to provide personal information to a third party and most times the third party will always be a legal firm. So that's why I don't think anyone should be worried in providing their personal information to gambling companies except the person in question has in engaged in some illegal activities. And 99% of the places do not share it, so I can easily give my KYC without a worry, it doesn't really change much and doesn't really end up making it any different, we just need to end up with something that would be a little bit different. I know that not a lot of people end up with something that would be a lot worse or better, we just need to end up with something that needs to be secret enough from outside sources. Me sharing it with the casino is fine, it would be not fine if they share it with someone else.
I personally care about it enough that I am sure they will not share it with my government since it would be illegal for me to play in a foreign casino. If I trust that they will not share it with my government, then I am fine about it.
And 99% of the places do not share it, so I can easily give my KYC without a worry, it doesn't really change much and doesn't really end up making it any different, we just need to end up with something that would be a little bit different. I know that not a lot of people end up with something that would be a lot worse or better, we just need to end up with something that needs to be secret enough from outside sources. Me sharing it with the casino is fine, it would be not fine if they share it with someone else.
And 99% of the places do not share it, so I can easily give my KYC without a worry, it doesn't really change much and doesn't really end up making it any different, we just need to end up with something that would be a little bit different. I know that not a lot of people end up with something that would be a lot worse or better, we just need to end up with something that needs to be secret enough from outside sources. Me sharing it with the casino is fine, it would be not fine if they share it with someone else.
Personally, I'm not a fan of doing KYC verification on a new platform, and it's not just about privacy but it's also about your personal information being misused if the platform turns out to be bad later on. There is one more thing that I'm always careful about, it is that I only join and use platforms that I know actually pay, so if it's a platform that I know does pay the winnings and I have won a life-changing amount in it, I wouldn't mind providing my personal documents in that case.
Privacy is important, for sure, but it's definitely not more important than a lot of things in your life, and not everyone can understand this but only those who don't have everything they need or want in their lives. So, I'm pretty sure that a lot of people would do it if the amount is life-changing for them.
Privacy is important, for sure, but it's definitely not more important than a lot of things in your life, and not everyone can understand this but only those who don't have everything they need or want in their lives. So, I'm pretty sure that a lot of people would do it if the amount is life-changing for them.
I make sure I add something to the verification documents to track back the source, if that information is re-used by the receiver. That way, I can use that as evidence in a court case, if I have to do that. (water marked or changed back drops or small text or markers)
You do not have any guarantee that they will not misuse your information or that they will track you down, but you can protect yourself, if they misuse that information.
You do not have any guarantee that they will not misuse your information or that they will track you down, but you can protect yourself, if they misuse that information.
Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?
I love to read your thoughts on this.
I've about $100 trapped in an exchange for more than a year that I have forfeited because I refused to perform KYC with the exchange. $70,000 is indeed a significant sum and a life-changing amount of money. I really do value my privacy but if I happened to win such amount of money on an online casino, I would go ahead with the KYC, if after checking the casino reputation and all boxes ticks. I would also learn a valuable lesson not to trust any casino and to always read their terms of service carefully before signing up. I love to read your thoughts on this.
Given the situation by @OP, I will definitely undergo KYC on that platform in order to withdraw the amount. It is a life changing amount in my country where I can buy my own house, a car and some amount to start-up a business. What is privacy when I am starving to death. At least I can exchange my privacy to a life changing amount. Besides, I am in hope that the platform will take care of my data and won't sell it in the market. Besides, this is not my first time to undergo full KYC in a platform. 
Hahaha,,,, I will do it because this is a big amount of money that can change anyone's life, you said it right can buy a house and car or other items that you have not bought because of limited money.People will be willing to exchange privacy for big money sometimes privacy is not important if they have often done KYC on several platforms for just a small amount of money let alone this big money obviously they will do it without looking at anything.
If the casino is really paying then it is a big advantage, if the casino is a scam there is no need to worry because I also have the same thoughts hopefully the data is not sold on the black market.
- Whoever chooses that amount, I will have a nice house and lot and a brand new car at that amount, and at the same time, I will be able to build a business at that amount. It will actually help me a lot.
So it's fine for me to give my information as long as I also know that a well-known casino will give me the jackpot prize; I won't have a problem with that. Then almost everyone who commented here chose money, not the other, because everything is practical in life.
Hard question to answer for me especially because the case is specified to a casino which I'm not sure about the reputation. $70,000 is a big amount to miss, it can be a life changing money for some people including me. I cant even earn that much from my own job even if I work for 10 years. If there is no level 1 KYC it the beginning, maybe I can find someone around me who want to be paid to do the KYC or maybe offer him few percent of the amount if the KYC is approved and withdrawal can be processed. But if there is a level 1 KYC in the beginning where I have submitted my own name, address, etc, there is no other choice except to submit my own personal documents, doing selfie, etc.
Often, a casino may give you the opportunity to play with some minimal information about you, which can ultimately be edited, or it is possible to play without verification, but it will be required to withdraw funds. Therefore, some players decide to try to play for small money to see how well they can do it and they will be ready to pass the KУC when they win a good prize, but if nothing works out, they will simply leave the casino, or continue their attempts. 
Given the situation by @OP, I will definitely undergo KYC on that platform in order to withdraw the amount. It is a life changing amount in my country where I can buy my own house, a car and some amount to start-up a business. What is privacy when I am starving to death. At least I can exchange my privacy to a life changing amount. Besides, I am in hope that the platform will take care of my data and won't sell it in the market. Besides, this is not my first time to undergo full KYC in a platform.
Hahaha,,,, I will do it because this is a big amount of money that can change anyone's life, you said it right can buy a house and car or other items that you have not bought because of limited money.People will be willing to exchange privacy for big money sometimes privacy is not important if they have often done KYC on several platforms for just a small amount of money let alone this big money obviously they will do it without looking at anything.
If the casino is really paying then it is a big advantage, if the casino is a scam there is no need to worry because I also have the same thoughts hopefully the data is not sold on the black market.
But preferrably, we should thoroughly research the casino's reputation and reviews before we put our bets especially if we are expecting a big prize. While privacy is incredibly valuable, in this scenario, following the verification process to receive that amount of money would be the logical choice for me.
I also often see cases of account problems being frozen by new casinos but if you play at a casino that has a high reputation they will definitely keep our identity safe and process withdrawals easily including KYC, I know that KYC is a privacy thing that must be maintained but to play in the right casino I don't think it would be a problem for me personally. But coming back to the views of other gamblers, sometimes everyone has different opinions.
However, if it's in a new casino and I don't have confidence in it, then it becomes more difficult...
Firstly, I would look for reviews and feedback, if I find a lot of negative things then I would certainly give up the prize, as the probability of doing KYC and still not receiving anything is very high.
But even if it is a new casino, if I find a good thread about it here on bitcointalk, and positive feedback, I would probably do KYC in hopes of receiving my prize.
Pretty good point and I agree with this especially I am not someone who is too closed to KYC even though sometimes I want something more hidden for myself but I can also still do KYC if it fits the needs and rules BUT with a note that this fits the criteria which I think is quite normal and it's okay if we do KYC. Firstly, I would look for reviews and feedback, if I find a lot of negative things then I would certainly give up the prize, as the probability of doing KYC and still not receiving anything is very high.
But even if it is a new casino, if I find a good thread about it here on bitcointalk, and positive feedback, I would probably do KYC in hopes of receiving my prize.
I'm not sure if it's a good idea to do KYC and only a few that we trust to do it because in the end this is also to convince ourselves that we shouldn't easily trust many parties especially by doing KYC but when the reputation is good enough and there hasn't been any complaints about it then indeed I can still consider it.
I completely understand the dilemma. Personally, I wouldn't play in a casino that isn't legit from the start. However, if I happened to find myself in this situation, having won $70,000, I would choose to submit the necessary requirements for verification. I mean, when dealing with a substantial amount, it's essential to follow the casino's procedures to claim the winnings. If it turns out that they are a nonreputable casino after my winnings, it will fall on their image and it will be cross out for me. After all, I only just bet $100
But preferrably, we should thoroughly research the casino's reputation and reviews before we put our bets especially if we are expecting a big prize. While privacy is incredibly valuable, in this scenario, following the verification process to receive that amount of money would be the logical choice for me.
Yes, exactly, we know money is something that people don't joke about. I would say that, if we gambled and. Then, win such a huge amount of money, there is no need for us not to submit the necessary KYC requirements for us to withdraw the winnings. There are only a few sets of gamblers that can only live their money at a gambling site because of the KYC they asked for, so for me, I will do the same as to put my KYC and withdrawal my money.But preferrably, we should thoroughly research the casino's reputation and reviews before we put our bets especially if we are expecting a big prize. While privacy is incredibly valuable, in this scenario, following the verification process to receive that amount of money would be the logical choice for me.
It is very hard for a gambler that has won a huge amount of money to forget about it, let me say from $30k and above, to not verify the KYC when he/she has the necessary documents to do it. It is easier to live a small amount of money at a gambling site than a large amount of money there. Even if the gambler tries to forget about it, it will still ring on his or her head because it is not an easy task.
It's the KYC discussion again, I believe we have had too many discussion about KYC requirements from casinos, if people value their privacy this much they should not gamble online, they can visit casinos nearby and do their gambling, as for online casinos it will be hard to run a casino online without registering the casino and to make sure this happens they have to abide by the law and follow the rules.
I don't have a problem with KYC verification, I used to not like it but later I understand that a genuine casino need to verify their customers to keep their business going, or face the wrath of the law and regulators, in this case it's pointless to hate casinos because you can't gamble without having to pass KYC.
The only things that matter to me is not exposing my details online like home address and bank account details, this is why I don't bother using Fiat for gambling, not even credit cards too, crypto have make it easy to become a gambler without anyone noticing that you are gambling.
I don't have a problem with KYC verification, I used to not like it but later I understand that a genuine casino need to verify their customers to keep their business going, or face the wrath of the law and regulators, in this case it's pointless to hate casinos because you can't gamble without having to pass KYC.
The only things that matter to me is not exposing my details online like home address and bank account details, this is why I don't bother using Fiat for gambling, not even credit cards too, crypto have make it easy to become a gambler without anyone noticing that you are gambling.
Hard question to answer for me especially because the case is specified to a casino which I'm not sure about the reputation. $70,000 is a big amount to miss, it can be a life changing money for some people including me. I cant even earn that much from my own job even if I work for 10 years. If there is no level 1 KYC it the beginning, maybe I can find someone around me who want to be paid to do the KYC or maybe offer him few percent of the amount if the KYC is approved and withdrawal can be processed. But if there is a level 1 KYC in the beginning where I have submitted my own name, address, etc, there is no other choice except to submit my own personal documents, doing selfie, etc.
First, any casino that do this is not to be trusted and the intention might likely to deny you the money or make the conditions a little difficult to check if you will give up on the funds.
Personally, I will submit the documents and do the KYC, provided I will be paid my winnings. We do KYC for minor things talk more of when $70k is involved. I know there are people that will think twice before submitting such KYC but I don't belong to that category because the amount involved is huge and it is my wish I get to such a situation.
It is for the avoidance of this occurrence that gamblers that take too much importance to their privacy are told to make use of casino's that don't require kyc for withdrawal of any amount won thereafter sign up. Even as that some casinos may pretend to be a no KYC requirements casino but when a huge amount is involved they start giving kyc conditions for withdrawal.Personally, I will submit the documents and do the KYC, provided I will be paid my winnings. We do KYC for minor things talk more of when $70k is involved. I know there are people that will think twice before submitting such KYC but I don't belong to that category because the amount involved is huge and it is my wish I get to such a situation.
It is really a big weakness on the part of those casinos and I don't know if there is any possibility for gamblers to seek legal action against them regarding this supposed sharp practice.
Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?
I love to read your thoughts on this.
I love to read your thoughts on this.
Of course I would give them all my personal information to process my withdrawal request. 70,000 USD is such a large sum that I would be doing pretty much anything to get my hands on the winnings. Just thinking about what that would mean to my crypto portfolio is crazy, it's more than 2 BTC. Or you could be using that money for a down-payment on an apartment. Several years ago I was all about anonymity on the internet and I invested a lot of time to avoid sharing my personal information. But since then a lot has changed, I need to enter my details at so many different sites that it becomes impossible to protect yourself forever. For example, there are Apps for banking, medical insurance, public transportation, taxes and utility services, local coupons for restaurants and other deals. With all these companies already storing my personal information it doesn't matter if some casinos have it too. Also by now most of the people that know me are aware that I enjoy gambling, there shouldn't be any backlash.
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