Topic: How Much do you Value your Privacy in Gambling? - page 6. (Read 900 times)

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.

If we consider an amount like $70,000 then I would definitely give it a shot. It's a pretty good amount and as far as KYC is concerned then trying your luck for such an amount isn't a bad idea.
Also, the reputation of the site matters as well. If I see negative reviews and scam accusations about the site then I would think before providing the KYC but if it as good reputation then I will go for it.

First, it's crucial to understand the KYC requirements of a casino. The amount you win doesn't really matter because each of us has our own betting range in gambling. If you win and the casino asks for KYC information, including documents to verify the information you provided, it shouldn't come as a surprise. When you signed up, you should have already read the Terms of Service, where this would be outlined.

However, there are cases where a casino promises complete anonymity and then suddenly requests KYC when you've won a substantial amount. In such instances, you should be cautious and consider the possibility of a potential scam. Nevertheless, you should also consider the site's reputation. If it's reputable and has a lot to lose in terms of its reputation, then it's generally safe.

With $70,000, there are plenty of things you can do to improve your future, so why not.

I would ask if the casino is legitimate in this forum if it's relatively new. From there, I can decide whether to forfeit such an amount or risk my private information.

But if I'm a businessman and can earn that amount quickly, I would not dare to risk my identity. Who knows what they can do with such private information? They might sell it to the wrong people.

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.

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.

It will be very hard to see any gambler that will voluntarily forfeit such huge amount of $70,000 we don't always see this amount on the green line everyday so just like you I'll render my KYC on the grounds that am assured of making the withdrawal after summiting.

Hard question!

In the case of a reputable casino with a good reputation, I would certainly go through the required KYC process if necessary to be able to withdraw my prize.

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.

You will only worry your privacy if you chose to gamble in unreputable gambling sites. But if you are gambling in a well reputable casino, you will never think that your personal data is in danger. Your concern is no longer about KYC verification, but on how to make a big win and immediately withdraw after that.  And as long as you follow all their withdrawal requirements, then there will never be problems with that.

However, it does not mean that if we provide them the KYC they need, we do not value our privacy anymore. Of course, privacy is always there that's why we care to entrust our personal details only to our trusted casinos and not on the shady and gray casinos that are just there ready to scam us.

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.  

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.

The gambler may refuse to verify the kyc till he win the money from the gambling,because the betting and deposit doesn’t require any kyc verification in the gambling sites.If the gambling site made the compulsory rule of kyc verification should be made to withdrew the big win made by you,then I will do my KYC and withdraw my funds from the gambling website.Not only you,most of the trusted gambler will choose the popular gambling site compared to the new and random gambling sites.Because we are the gambler will have the attitude of holding the funds in the gambling sites itself.So the old gambling site will be trusted most of the time.

So thats a double loss,right? This is why it would really be always recommended on making up some research first before making deposit on any site even if we do say on depositing a few hundreds then it wont really be still giving out that probability that you wont really be able to face up some issues specially on the time that you do hit up some huge wins. Dealing up with non popular or new site will really always having that risks for you not to get paid out on the time that you do win big and its true that people would really be valuing money rather with their own idnetity and even myself would really be no doubt on complying KYC as long i could get that
$70k winnin on which it is already that big or significant if its converted into our own local currency which you could already buy a car and make a house with that amount.

So it isnt surprising that majority will really be doing their best or doing all they can as to comply things that being asked just to get that amount no matter what the cost
but in the end if you are dealing with a scam site then it would really be just that hopeless and ending up on having none.
So its really that important that you should really be that making out deposits into those known sites or to those reputable ones so that you wont really be
experiencing such problem if ever you do make a big hit.

If the casino is recommended, perhaps I will do KYC to withdraw my winnings. Trusted casinos will not cheat their members who have done KYC because the casino has checked their documents, and if the casino upgrades its status to verify, that means the casino trusts us so that we can withdraw the winnings. But if the casino were new, perhaps I would think twice about doing KYC because I don't want the casino to do something bad to my documents. I would rather lose the money than have to do KYC, especially if I don't know much about the casino because of the lack of information I can get.

Are you talking about 70,000$ ? I don't think any site will let you withdraw this amount with the KYC. In most cases, the newly built casino may never approve your KYC when they come to know that you have 70,000$ amount in your account that you want to withdraw after successful KYC.

I don't think anyone will leave this amount with the gambling site and not opt for the KYC. For most people, money is more important than their KYC documents.

By the way, even if you abandon the shady casino after doing the KYC, the casino will keep your KYC data even if you close your account.

If I win 70,000 and KYC is required before I withdraw the money, it depends on how much I'm allowed to withdraw if it is by installment.

So there is three scenerios for this, if the withdrawal is substantial then I will render my identity as KYC.

If the withdrawal is in full or unlimited then I will not hesitate even as I can abandon the casino after withdrawal if I can be sure they are shady

Then lastly, I won't do the KYC if the money to be allowed to withdraw is very poor.

If the terms and conditions state the KYC of all levels to be verified, then I'll do it. If they hadn't mentioned anything on the terms and conditions, all of the sudden if they request for fulfilment of all levels of KYC then I'll think twice. However when big money awaits surely I'll complete the KYC to cashout the winnings.

If you ask the question to the gamblers for their reason to use cryptocurrency into gambling. The prime reason will be the privacy as most of the people who gamble doesn't want things to be exposed to the outer world.

Exposed identity then yes, we've been long time had already been able to exposed ourselves when it comes to our information which its really that even into our daily living and dealing up with those typical information filling up onto those casual transactions physically then we had already that our information exposed.Then dealing up with something online and putting up those information
wont really be that an issue.There are people who are really that strict when it comes to their identity but there are ones who dont really care.

Just like the rest been saying on here that if the situation that do happens on this time then i would definitely be that not minding about passing up the KYC as long i could be able to
get that huge win then it wont really be an issue. If they wont really be giving that winning amount because they are scam then just simply move on but of course
you should really be needing to fight on your right since you've won it but of course when it comes to legitimacy then every new platform doesnt guarantee
that you are dealing with the right or legit stuff.

I will go ahead in providing every required informations needed in other for me to be able to make withdrawals of my money, if i don't then i should as well forget about it because they can never come down to my own request than when i go by theirs, didn't i know that such is KYC gambling casino before using them for my betting, i would have gone for one that does not require kyc right from the start.

If the total capital is $100 then winning above $70K then it is clear that the casino will ask for verification of our documents to prove our authenticity in gambling is violating the rules or not, but I believe that many will do KYC verification rather than allowing it, it's a matter of money with a large amount of money especially $70K some do not care about their privacy because money is more important.

Regarding new or not reputable casinos, maybe some will try to convince themselves that they can withdraw all their winnings, but sometimes when they have provided documents but withdrawals are not processed, that is the problem that some gamblers will get angry because they feel cheated.

I myself will research the casino site, if it is convincing then I will do KYC verification.

Currently most reputable casinos ask for KYC verification and any casino that you are gambling on that don't ask got KYC verification, will definitely ask when you win big amount of money like the amount that you stated OP. I don't see why KYC verification should be a problem for one to provide for him to claim his wins.

I will provide them with my KYC verification is the casino asks for it to be done before I can make withdrawal, who knows if I wouldn't be lucky to win such huge amount again, and I will just let it go like that because I don't trust the casino NO. This is the reason why you must gamble in a reputable casino so that you can rest be assured that you documents are safe.