Topic: is KYC data on Gambling sites safe? - page 11. (Read 2910 times)

Quote from: Wiwo on June 15, 2023, 01:01:34 PM

You're all right, why would you provide your personal and private informations to someone and expect things to be alright when they gave those informations stored on their personal centralized system and they can make use of it anything we are less aware to tackle us, in this instance i will only made a suggestion that gambler should always go in for a casino that has no KYC requirements when they are gambling provided they are privacy consciouss.

That's why it's important to determine first the credibility of the casino that you will submit your KYC information. Most of the centralised casino doesn't stored KYC on their own system since they hire 3rd party KYC services to collect and verify all the data. A casino usually not allowed to hold the KYC information by themselves if they don't have license to do it even if they are a gambling license. KYC requires another license in able for a casino to handle it by themselves.

It can be found if we can look for it carefully because with so many casinos nowadays, not all casinos will allow gamblers not to do KYC. Casinos today are different than they were a few years ago, and with government interference, they have to keep up if they want to continue doing business. And if we have found a casino that really can be trusted, we should also be able to be calm about doing KYC because the casino will try to protect the important data of its customers.

Questat

hero member

Activity: 2982

Merit: 610

So if the security of the site is weak, then it is better to rather care and worry about the safety of our KYC documents submitted to them otherwise we can choose not to hand out our information and sensitive documents for verification.

If a gambling site's security is weak, it can be easily hacked, resulting in the loss of users' money. That's why it is important to choose a gambling site that has a high volume of gamblers patronizing them. With a significant amount of money at stake, these sites are motivated to prioritize strong security measures to safeguard funds, as well as the information and documents entrusted to them through KYC processes as one mistake could result to ruining their reputation which is a big loss for the business.

danadc

sr. member

Activity: 1092

Merit: 342

WOLFBET.COM - Exclusive VIP Rewards

Quote from: piebeyb on June 15, 2023, 09:40:16 AM

Quote from: Dimitri94 on June 15, 2023, 12:34:18 PM

I’ve said it plenty before and possibly even on this thread, but providing your personal information to anyone is never safe. This should be evident with all of the hacks that regularly occur. If you do have to provide your identity information, make sure it’s to someone reputable, but even then it could very possibly be hacked and stolen.

Yes, you are right, of course there is never a safe place because everything has the possibility of being hacked and stolen, even in various cases the identity that is stored by my country can still be stolen and hacked, especially casinos, even though casinos with a high reputation can also be trusted, but there is still a possibility of loopholes to be stolen or hacked, but still KYC is an absolute requirement for licensed casinos.

If the casino asks us as users to complete KYC before withdrawing money at the casino, of course we have to comply and provide our identity unless we don't want to do that, of course we have to be willing to lose our money at the casino, but if you want to be free from KYC, play with a decentralized casino. but I also think it's not necessarily safe. all return to their respective goals and at their own risk Cheesy

You're all right, why would you provide your personal and private informations to someone and expect things to be alright when they gave those informations stored on their personal centralized system and they can make use of it anything we are less aware to tackle us, in this instance i will only made a suggestion that gambler should always go in for a casino that has no KYC requirements when they are gambling provided they are privacy consciouss.

I also think the same about KYC, when you give them you are exposed to everything, that they leak and are exposed, and that is something very delicate, it may be that some casinos are very safe, but I have seen that there are sites that they are very secure and that they suffer from these hacks and compromise all the data, here and anywhere, in the banks is where there is more security (that is what they sell) but it is insecure, any system will never be secure and all software will have its vulnerability and it will make it not safe either, the safest thing I've seen is the Vatican system, and when there are people who want to hack it they put them in jail.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: SamReomo on June 15, 2023, 09:48:54 AM

I think that the honest and well-reputed gambling sites will do their best to protect the information of the users and they won't use it for any illegal purpose at all. But, I have heard that there are some other applications and sites which have misused the KYC data of their customers. I always recommend everyone to share your KYC data on only those gambling websites which have built up trust and reputation in the industry.

Of course one should never do KYC on those sites if there is no trust. I think giving personal information to those sites that have been running their business with reputation for a long time that would be fine. Also if one plans to do KYC in a licensed casino that too can be trusted. But putting your trust in someone who doesn't have a license to do KYC is risky. A gambler must have a good knowledge with the site before doing KYC. It is important to remember that those who have been surviving in the market for a long time have almost certainly reached this stage by ensuring proper KYC security.

Are you saying that if I have my money stuck in a casino, and the only way my withdrawal request can be processed is by completing the requested kyc verification, I should do it simply because I do not trust the casino?

Well, to be sincere with you, as long as I am concerned, only a very few casinos are trusted, and that is those that have been in operation for long time and still continue to grow even this present time, and of such casinos are freebitco.in, Stake.com and a few others, every other casinos are pretty new and likely untrusted, but because they don't require kyc before user could deposit funds and play, they have users who deposit and play, and upon withdrawal, the casino might ask such user to submit his or her documents for kyc verification, if the user wants his or her money, I believe trusting the casino or not has nothing to do in such matter, the user have no choice but to submit the requested documents for kyc verification or forfeit his or her money to the casino.

Wiwo

hero member

Activity: 1260

Merit: 765

Top Crypto Casino

Quote from: piebeyb on June 15, 2023, 09:40:16 AM

Quote from: SamReomo on June 15, 2023, 09:48:54 AM

I’ve said it plenty before and possibly even on this thread, but providing your personal information to anyone is never safe. This should be evident with all of the hacks that regularly occur. If you do have to provide your identity information, make sure it’s to someone reputable, but even then it could very possibly be hacked and stolen.

Yes, you are right, of course there is never a safe place because everything has the possibility of being hacked and stolen, even in various cases the identity that is stored by my country can still be stolen and hacked, especially casinos, even though casinos with a high reputation can also be trusted, but there is still a possibility of loopholes to be stolen or hacked, but still KYC is an absolute requirement for licensed casinos.

If the casino asks us as users to complete KYC before withdrawing money at the casino, of course we have to comply and provide our identity unless we don't want to do that, of course we have to be willing to lose our money at the casino, but if you want to be free from KYC, play with a decentralized casino. but I also think it's not necessarily safe. all return to their respective goals and at their own risk Cheesy

You're all right, why would you provide your personal and private informations to someone and expect things to be alright when they gave those informations stored on their personal centralized system and they can make use of it anything we are less aware to tackle us, in this instance i will only suggested that gambler should always go in for a casino that has no KYC requirements when they are gambling provided they are privacy conscious.

The level of our data exposure depends on the reputation of the platform we submit our data to because for as far as we have been informed that some of the sites that seek for KYC cannot store those data on the storage so at there are forced to five the data out for third-party data storage like google cloud storage and the rest of the data hosting sites.

So if the security of the site is weak, then it is better to rather care and worry about the safety of our KYC documents submitted to them otherwise we can choose not to hand out our information and sensitive documents for verification.

Dimitri94

full member

Activity: 770

Merit: 184

I think that the honest and well-reputed gambling sites will do their best to protect the information of the users and they won't use it for any illegal purpose at all. But, I have heard that there are some other applications and sites which have misused the KYC data of their customers. I always recommend everyone to share your KYC data on only those gambling websites which have built up trust and reputation in the industry.

Of course one should never do KYC on those sites if there is no trust. I think giving personal information to those sites that have been running their business with reputation for a long time that would be fine. Also if one plans to do KYC in a licensed casino that too can be trusted. But putting your trust in someone who doesn't have a license to do KYC is risky. A gambler must have a good knowledge with the site before doing KYC. It is important to remember that those who have been surviving in the market for a long time have almost certainly reached this stage by ensuring proper KYC security.

dimonstration

hero member

Activity: 2758

Merit: 705

Dimon69

Quote from: piebeyb on June 15, 2023, 09:40:16 AM

You're all right, why would you provide your personal and private informations to someone and expect things to be alright when they gave those informations stored on their personal centralized system and they can make use of it anything we are less aware to tackle us, in this instance i will only made a suggestion that gambler should always go in for a casino that has no KYC requirements when they are gambling provided they are privacy consciouss.

That's why it's important to determine first the credibility of the casino that you will submit your KYC information. Most of the centralised casino doesn't stored KYC on their own system since they hire 3rd party KYC services to collect and verify all the data. A casino usually not allowed to hold the KYC information by themselves if they don't have license to do it even if they are a gambling license. KYC requires another license in able for a casino to handle it by themselves.

Doan9269

hero member

Activity: 812

Merit: 560

Quote from: noormcs5 on June 15, 2023, 08:41:33 AM

I’ve said it plenty before and possibly even on this thread, but providing your personal information to anyone is never safe. This should be evident with all of the hacks that regularly occur. If you do have to provide your identity information, make sure it’s to someone reputable, but even then it could very possibly be hacked and stolen.

Yes, you are right, of course there is never a safe place because everything has the possibility of being hacked and stolen, even in various cases the identity that is stored by my country can still be stolen and hacked, especially casinos, even though casinos with a high reputation can also be trusted, but there is still a possibility of loopholes to be stolen or hacked, but still KYC is an absolute requirement for licensed casinos.

If the casino asks us as users to complete KYC before withdrawing money at the casino, of course we have to comply and provide our identity unless we don't want to do that, of course we have to be willing to lose our money at the casino, but if you want to be free from KYC, play with a decentralized casino. but I also think it's not necessarily safe. all return to their respective goals and at their own risk Cheesy

You're all right, why would you provide your personal and private informations to someone and expect things to be alright when they gave those informations stored on their personal centralized system and they can make use of it anything we are less aware to tackle us, in this instance i will only made a suggestion that gambler should always go in for a casino that has no KYC requirements when they are gambling provided they are privacy consciouss.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

Quote from: Fredomago on June 12, 2023, 07:00:57 AM

Quote from: Webetcoins on June 11, 2023, 11:24:54 PM

Quote from: danadc on June 10, 2023, 04:05:48 PM

Quote from: Cryptomultiplier on June 10, 2023, 10:40:13 AM

Firstly, KYC is only as safe as the user license agreement you signed in the beginning. It is an agency and can be required to present data concerning any of its customer.

Lastly, the gambling company security system can also decide this, as any breach in any of its security protocol either by bugs, or better put hackers , scammers, can make any one of its users/customers data compromised.

I don't trust myself, I saw a thread here in the forum that talks about casinos that change their Tos for convenience, and that there are some casinos that are constantly changing those rules, and that for me is cheating, apart from the fact that they have to comply with the KYC requirement, so it is not secure, when we give our data on a platform, those data are not secure, there is a risk that they will be leaked, so kyc will never be secure, I do not trust 100% in this either when they say that they leave the Data in a casino like this is very old, it is safe, because the risks of hacking will always be present.

That depends on which platform you are gambling on, most of the trusted and reputable casinos don't do that in the first place, and if they do, they will let their players know that their terms and conditions have been modified so that no one faces any issues and starts complaining later on. These kinds of platforms deserve to be trusted when it comes to verifying your KYC because they do care for their customers.

Providing your personal details and documents to a new and untrustworthy platform can cause issues in the long run if they turn out to be a scam or trade users' data with another company only to get more funds to invest in their platform. That's why it is not advisable to complete KYC on a new platform.

In my opinion, established businesses are all concern with how the gamblers will continue to trust them, they know the value of integrity and they will keep that trust to continue gaining more players/gamblers to use there services. Though KYC is something that really depends from every person who will entrust this personal information, more on how you truly trust the site/house when dealing and accepting the rules of submitting your data.

Basically the gamblers trust the gambling sites and therefore they provide their personal information to them in the form of KYC. Now it's up to the gamblings sites to ensure that they do not leak this confidential information or misuse this KYC data.

The gamblers cannot do much on how the gambling site will use the KYC data but now it comes to the moral values and I hope that a gambling sites will protect our information. We can just hope for the best.

That's very true a gambler has to trust the gambling site because without that they won't be able to gamble on that site. The KYC is essential for those gambling sites these days and I don't think that a gambler will be able to withdraw the funds without completing their KYC information first. There are some gambling sites that still don't require KYC data but those are just very few in number and many people fear that such sites could run away with their money.

I think that the honest and well-reputed gambling sites will do their best to protect the information of the users and they won't use it for any illegal purpose at all. But, I have heard that there are some other applications and sites which have misused the KYC data of their customers. I always recommend everyone to share your KYC data on only those gambling websites which have built up trust and reputation in the industry.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

Quote from: Fredomago on June 12, 2023, 07:00:57 AM

I’ve said it plenty before and possibly even on this thread, but providing your personal information to anyone is never safe. This should be evident with all of the hacks that regularly occur. If you do have to provide your identity information, make sure it’s to someone reputable, but even then it could very possibly be hacked and stolen.

Yes, you are right, of course there is never a safe place because everything has the possibility of being hacked and stolen, even in various cases the identity that is stored by my country can still be stolen and hacked, especially casinos, even though casinos with a high reputation can also be trusted, but there is still a possibility of loopholes to be stolen or hacked, but still KYC is an absolute requirement for licensed casinos.

If the casino asks us as users to complete KYC before withdrawing money at the casino, of course we have to comply and provide our identity unless we don't want to do that, of course we have to be willing to lose our money at the casino, but if you want to be free from KYC, play with a decentralized casino. but I also think it's not necessarily safe. all return to their respective goals and at their own risk Cheesy

noormcs5

hero member

Activity: 2856

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: Webetcoins on June 11, 2023, 11:24:54 PM

Quote from: danadc on June 10, 2023, 04:05:48 PM

Quote from: Cryptomultiplier on June 10, 2023, 10:40:13 AM

Firstly, KYC is only as safe as the user license agreement you signed in the beginning. It is an agency and can be required to present data concerning any of its customer.

Lastly, the gambling company security system can also decide this, as any breach in any of its security protocol either by bugs, or better put hackers , scammers, can make any one of its users/customers data compromised.

I don't trust myself, I saw a thread here in the forum that talks about casinos that change their Tos for convenience, and that there are some casinos that are constantly changing those rules, and that for me is cheating, apart from the fact that they have to comply with the KYC requirement, so it is not secure, when we give our data on a platform, those data are not secure, there is a risk that they will be leaked, so kyc will never be secure, I do not trust 100% in this either when they say that they leave the Data in a casino like this is very old, it is safe, because the risks of hacking will always be present.

That depends on which platform you are gambling on, most of the trusted and reputable casinos don't do that in the first place, and if they do, they will let their players know that their terms and conditions have been modified so that no one faces any issues and starts complaining later on. These kinds of platforms deserve to be trusted when it comes to verifying your KYC because they do care for their customers.

Providing your personal details and documents to a new and untrustworthy platform can cause issues in the long run if they turn out to be a scam or trade users' data with another company only to get more funds to invest in their platform. That's why it is not advisable to complete KYC on a new platform.

In my opinion, established businesses are all concern with how the gamblers will continue to trust them, they know the value of integrity and they will keep that trust to continue gaining more players/gamblers to use there services. Though KYC is something that really depends from every person who will entrust this personal information, more on how you truly trust the site/house when dealing and accepting the rules of submitting your data.

Basically the gamblers trust the gambling sites and therefore they provide their personal information to them in the form of KYC. Now it's up to the gamblings sites to ensure that they do not leak this confidential information or misuse this KYC data.

The gamblers cannot do much on how the gambling site will use the KYC data but now it comes to the moral values and I hope that a gambling sites will protect our information. We can just hope for the best.

Blitzboy

hero member

Activity: 1344

Merit: 565

Leading Crypto Sports Betting & Casino Platform

Quote from: Wiwo on June 14, 2023, 03:49:36 PM

Quote from: Wrathofcoins on June 11, 2023, 08:15:20 PM

For me its not safe, but you cant do so much, also nowadays the goverment data sometimes its hacked so...... we dont know if already ou documents are in the web.

Plus i think with the IA thing and some advanced computer things, the bad guys can made fake profiles without ussing so much real persons.

since the government had been attacking casinos and exchanges for verification of their customers, there is need for us to limit the way we give our data to casinos for us to make us le of there gambling platform to bet. We need to try and reduce our urge to bet on KYC casinos because this may cost us our identities been exposed to the government and third parties.

The thing is not to give out our data but how secure the few casinos we trust with our data and how their handle it and the others who are new and unpopular are the most risky since their just start ups and may not have the right security measures to protect and secure the data supplied by their customers and this is what we must understand and guide ourselves against., I am not in support in exposing our personal data all in the name of KYC and also I don't know how to check whether or not the data supplied have been leaked but ultimately centralized platforms must comply with regulatory demands and if you must use them then be ready to give out your documents for verifications.

Your concern isnt just data sharing but the integrity of the recipient platforms. Security measures vary, more so between long-established platforms and newbies. But should this trust divergence shape our behavior? Sure, start-ups may lack the seasoned security infrastructure. Though, Crypto world hosts secure newbies and vulnerable veterans alike. The trick is thorough scrutiny of each platform' security blueprint.

I share your KYC concerns. It seemingly clashes with the anonymity spirit of cryptos, right? However, KYC is a necessary trade-off for centralized platforms, our ticket for their benefits. Data leaks? Worrisome indeed. Users cant control this wholly - its on the platform providers to guarantee safety. Your best shield? Be picky and diligent about your trust

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Wiwo on June 14, 2023, 03:49:36 PM

Quote from: Wrathofcoins on June 11, 2023, 08:15:20 PM

For me its not safe, but you cant do so much, also nowadays the goverment data sometimes its hacked so...... we dont know if already ou documents are in the web.

Plus i think with the IA thing and some advanced computer things, the bad guys can made fake profiles without ussing so much real persons.

since the government had been attacking casinos and exchanges for verification of their customers, there is need for us to limit the way we give our data to casinos for us to make us le of there gambling platform to bet. We need to try and reduce our urge to bet on KYC casinos because this may cost us our identities been exposed to the government and third parties.

The thing is not to give out our data but how secure the few casinos we trust with our data and how their handle it and the others who are new and unpopular are the most risky since their just start ups and may not have the right security measures to protect and secure the data supplied by their customers and this is what we must understand and guide ourselves against., I am not in support in exposing our personal data all in the name of KYC and also I don't know how to check whether or not the data supplied have been leaked but ultimately centralized platforms must comply with regulatory demands and if you must use them then be ready to give out your documents for verifications.

On the time that we've been able to deal up with some whether an exchange or gambling platform on which it do really ask out some data or personal information then it would really be depending on you whether

you would really be complying it out so that you could play or would really skip out into other options knowing that there are still platforms who doesnt really ask out some kyc before you can play.

It is really just that a matter of choice because people who are really that confident about the security of these platforms on which they do believe that it wont really be easily
getting leaked out.This is why its your choice and if you arent that comfortable with it then you could always avoid if you do like. There are people who dont
really care about their personal info despite of those risks.

Wiwo

hero member

Activity: 1260

Merit: 765

Top Crypto Casino

Quote from: Wrathofcoins on June 11, 2023, 08:15:20 PM

For me its not safe, but you cant do so much, also nowadays the goverment data sometimes its hacked so...... we dont know if already ou documents are in the web.

Plus i think with the IA thing and some advanced computer things, the bad guys can made fake profiles without ussing so much real persons.

since the government had been attacking casinos and exchanges for verification of their customers, there is need for us to limit the way we give our data to casinos for us to make us le of there gambling platform to bet. We need to try and reduce our urge to bet on KYC casinos because this may cost us our identities been exposed to the government and third parties.

The thing is not to give out our data but how secure the few casinos we trust with our data and how their handle it and the others who are new and unpopular are the most risky since their just start ups and may not have the right security measures to protect and secure the data supplied by their customers and this is what we must understand and guide ourselves against., I am not in support in exposing our personal data all in the name of KYC and also I don't know how to check whether or not the data supplied have been leaked but ultimately centralized platforms must comply with regulatory demands and if you must use them then be ready to give out your documents for verifications.

Wrathofcoins

jr. member

Activity: 50

Merit: 8

Quote from: Maslate on June 14, 2023, 09:33:16 AM

Quote from: jostorres on June 14, 2023, 09:03:55 AM

So the only viable solution to this is that a person finds a casino that is reputable and trusted and only gamble with them so that if they are asked for KYC verification, they don't feel hesitant to do it knowing the casino is trusted and they can give their documents to them and they will be safe, somehow.

It's another matter if you're required to submit your information in compliance with the KYC requirement and you have doubts about whether the gambling site can truly safeguard your private documents. If you have trust issues with crypto casinos, then choosing a fiat casino can provide a sense of security, as you can be sure they are regulated right from the start.

The difference between crypto casinos and fiat casinos is that crypto casinos advertise anonymous gambling, at least in the early stages. However, as government regulations tighten, they gradually become more like fiat casinos.

Yes because they cant track the funds, but that was in the very early stage, nowadays its the same being crypto or fiat casino in terms of KYC and the funds if you use a exchange can also by traced.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: jostorres on June 14, 2023, 09:03:55 AM

So the only viable solution to this is that a person finds a casino that is reputable and trusted and only gamble with them so that if they are asked for KYC verification, they don't feel hesitant to do it knowing the casino is trusted and they can give their documents to them and they will be safe, somehow.

It's another matter if you're required to submit your information in compliance with the KYC requirement and you have doubts about whether the gambling site can truly safeguard your private documents. If you have trust issues with crypto casinos, then choosing a fiat casino can provide a sense of security, as you can be sure they are regulated right from the start.

The difference between crypto casinos and fiat casinos is that crypto casinos advertise anonymous gambling, at least in the early stages. However, as government regulations tighten, they gradually become more like fiat casinos.

jostorres

hero member

Activity: 2576

Merit: 586

Quote from: Wiwo on June 12, 2023, 04:16:22 PM

I’ve said it plenty before and possibly even on this thread, but providing your personal information to anyone is never safe. This should be evident with all of the hacks that regularly occur. If you do have to provide your identity information, make sure it’s to someone reputable, but even then it could very possibly be hacked and stolen.

Knowing the fact that there aren't decentralized casinos or even if there are, they are not trusted for now, a gambler doesn't really have a choice if they want to gamble, they will have to choose a platform for that and that platform will obviously ask them to complete KYC verification at some point, now one cannot keep abandoning casinos only because they don't want to give away their personal documents to them.

So the only viable solution to this is that a person finds a casino that is reputable and trusted and only gamble with them so that if they are asked for KYC verification, they don't feel hesitant to do it knowing the casino is trusted and they can give their documents to them and they will be safe, somehow.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

I’ve said it plenty before and possibly even on this thread, but providing your personal information to anyone is never safe. This should be evident with all of the hacks that regularly occur. If you do have to provide your identity information, make sure it’s to someone reputable, but even then it could very possibly be hacked and stolen.

I agree with you because there is no way to check whether or not your data are exposed to intruders who may use them for various illegal activities and this is why it is important to always protect your data as much as possible and be weary of the kind of platform you give out your personal information and documents to in the name of know your customers KYC.

Some of that platforms are highly vulnerable and unsecured to entrust your data in their hands.

Correct, after all we know there have been cases in which the data has been leaked by someone from the inside, and this means that it can take a while before there is any indication there was a leak, if there is ever one at all.

So while sharing our information online, especially information regarding to our identity, is now common place, this does not mean that we should just accept it, we need to be very selective about the businesses in which we select to do this, as even if a single one gets hacked then our entire information will now become another set of data sold on the black markets.

Newlifebtc

member

Activity: 686

Merit: 21

Quote from: Wrathofcoins on June 11, 2023, 08:15:20 PM

For me its not safe, but you cant do so much, also nowadays the goverment data sometimes its hacked so...... we dont know if already ou documents are in the web.

Plus i think with the IA thing and some advanced computer things, the bad guys can made fake profiles without ussing so much real persons.

since the government had been attacking casinos and exchanges for verification of their customers, there is need for us to limit the way we give our data to casinos for us to make us le of there gambling platform to bet. We need to try and reduce our urge to bet on KYC casinos because this may cost us our identities been exposed to the government and third parties.

actually it is good 2/2 a verified account in cash no platform it will be of benefit of the player because when ever you are verified in Casino platform there's nothing will make you to have any with our colleagues and any deposit challenge in that particular platform so I start to tell you that verification and gambling is what every licensed platform needs to have

Wiwo

hero member

Activity: 1260

Merit: 765

Top Crypto Casino