Topic: is KYC data on Gambling sites safe? - page 19. (Read 2897 times)

In the beginning of my journey in crypto gambling, I was one of those who against KYC hardly because it was one of the main advantage of crypto gambling in the past compared to fiat gambling.
Now I do not mind to complete KYC but I'll do it on casino that I trust only and for a valuable reason only.
Valuable reasons such as in the time of withdrawing big amount of money, then I'll do it but if I'm being asked for amount that I feel is not really worth then I'll not do it.
Anyway I'm not really sure what do you mean by cheated from KYC? Is it like once we submit KYC for withdrawal but the casinos deny our documents?

-    If a casino is under regulation, I don't see anything wrong or issue if they require kyc from their future players on their gambling platform.
Because I often see and read that it becomes an issue here, when in terms of withdrawal they can't release the money immediately, that's where the kyc comes in.

And the problem is that after submitting the kyc, all of a sudden, the other casino suddenly freezes the requester's account, which in fact has no opposition, especially if a large amount is released. But in my experience, even though I rarely play gambling now, when I experienced winning a small amount, even though I gave kyc, I didn't see any problem in taking out my winnings.

There's a reputable casino where you can entrust your KYC indeed, more on your own take and your own assessment if you can trust
the site to provide your personal information.

I see the point where KYC was being asked to provide, especially if you already using a huge amount of money, those big wins which are subjected to possible money laundering that's being required by laws.

Casino needs those details as part of the requirements that they need to submit to the government.

It's fall to the same centralized site and you wouldn't know what will happen in the future, it's not about the service.

Binance does allow to trade without KYC, similar like licensed casino does allow to gamble without KYC. Until the time has come, those centralized sites will ask to submit KYC.

Centralized exchange isn't the only way to buy or sell crypto, check this https://kycnot.me/

There's a good gambling site without KYC until now e.g. Freebitco.in, it's a subjective matter to say a good gambling sites. We still have a choice to gamble without KYC, but people don't care about it.

This has been tackled in so many threads and topics and yet here we are about KYC issue , but this has been pointed that there are still many casino that we encountered specially those we have here in forum in which very trustworthy and we have proven in so many occasions.
I need not to mention a single but yes we knew that we can still trust many casino from this section .

Also some casinos use third specialized services to process the KYC (so like the majority serious services right now).. but some still like to do it by themselves or transit the documents/informations by them.. So imagine in case of datas theft you could have an innumerable accounts on different services on name without you know! so..

The challenge here is if two categories just as we've been discussing already, if the gambler have the intention of not using a KYC casino, secondly, using a no KYC casino does not guarantee safety that he wouldn't experience any form of scam from the gambling casino he has decided to choose, that's another risk on itself that he has to take the challenge to serve for a reputable gambling platform because it is not all zero KYC casinos can be trusted or reliable, some had already failed in the past and have ceased from existing.

I agree that all casinos ask for kyc, but that they don't force people to kyc right away when creating an account or when they want to withdraw funds, they can put in the TOS that they only ask for kyc when they register some suspicious activity, which is something acceptable in my opinion. opinion, but what has happened is something regrettable and that new casinos and some that have been on the market for a little less than 2 years ask for kyc when they realize that the customer has won a lot of money while making a small deposit or losing little money in the casino, or either when the casino realizes that the customer is making a profit then the casino asks for kyc and is not asking for kyc with the intention of getting to know the customer so that they have good customer relations - casino, the intention is to use kyc to prevent the customer from withdrawing your money

this prevents the casino from losing money, when the customer who has already won a lot at the casino is no longer able to withdraw money from the casino, so the casino wins because the casino manages to prevent the withdrawal and is still not accused of being a casino scam because the casino uses the argument that the customer has broken the casino's rules, something absurd, which is even more regrettable in all of this and that casinos can put rules that all customers, when making a deposit at the casino, must play 100% of the deposited amount so that they are able to to make withdrawals, with that the casinos already prevent money laundering

so I don't see any reason for a casino that puts this rule in place asking for a lot of documents at the time of kyc and always when the customer wins just to prevent the customer from withdrawing the money, because when the customer lost everything in the casino then the casino didn't ask for kyc. this is very regrettable, i kyced at the casino where i play, i have no problem kyc, but i'm afraid of kycing in new casinos and that's why i don't do it

Even at that they are still some reputable casino our there that even with KYC requirement, you can still trust them in assuring that your personal data are safe with them. Me personal don't have anything against provision of KYC so far as the casino is one that be can stand for their claims when it comes to securing of customer user details.

Even if they could find a casino which doesn't require them to produce KYC still they are not sure about its reputation. And maybe in long run they would get more bigger trouble since possibly they might turn scam which is not new here. Before I don't like to submit this details but since reputable casino require this to their user then I go with them and follow what they require since for me they are more safer rather than those small casinos which is reputation still questionable.

The requirements of  KYC is important on both sides for the customer and the gambling site in the area of security. It outs security in both the hands of the customer and the company. Through a two factor authentication the customer is partly in charge of his account security as a way to stop impersonation while on the other side the company plays its own security role by creating a strong firewall for itself against any security breach.
There are a lot of gambling sites that are said not to request for KYC for creation of account with them but with time when a major withdrawal is to be made they come up with kyc as a condition for such huge amount of withdrawal. So entirely we can really say for sure which gambling site is sincere about their statement of no KYC.
I have no problem with kyc or no kyc what I look out for is how secure the system is and their reputation so far. It's just the fear of data leakage that's why some people are scared of kyc gambling sites which is very true particular with the way the authority are so inquisitive about financial transactions nowadays.

I think its more safer and even better to engage onnthebuse of gambling platforms that requires no KYC just incase of the gamblers that would like to maintain the thier privacy, because once you filled in their KYC procedures, there's no more privacy there and the kind of casino used also depends because some can go beyond expectations in tracking one through these informations and the funds we have on their wallet remains theirs because we are using a online wallet which is a custodial form of wallet with them.

Like you have already stated most of us don't even have a choice when it come to situation like this online because most if not all the gambling sites I have registered and bet with all require some level of verification especially when they know you have secured a huge win in their platform. But what I do most times to avoid any comprising of my personal data is that I just go for more reputable casino which have already proven themselves to be reliable enough for me to drop those personal data required. I almost neglect all new casino that are coming into the business these days because the rate of scam project is just alarming to certain extent.

There's no need to consider this something excessive because everyone also doesn't want information data such as documents to be misused by criminals for criminal acts, I also don't agree with that but we also have to comply with places where I have to play gambling, after all research when playing gambling in small casinos do not have a license I will not give my documents. unless it's reputable and a big casino maybe i'll give it.

I think we all know that casinos and any exchange sites ask us to complete KYC so that there is no money laundering so casinos and exchange sites don't force it on us, neither do we, if we don't like the KYC regulations we can leave it and don't gamble.

The safe of Kyc is based on the website,which you are using to submit.It also include the gambling site owners,the people who had responsible for kyc in that gambling site.The data may leak out at any point.If you had choose the right gambling website and does the clean background verification is more  important one.If you are the person give preference for the personal information,you can skip the kyc on the gambling site.The forum will give the essential information about the good gambling sites,So we can use forum as reference to the good gambling site.The most of the gambling site with reputation running the signature campaign in this forum.

It's already risky when sharing personal information, so it becomes even more crucial to be cautious when dealing with gambling sites that may not have a reputable track record. Personally, I haven't provided Know Your Customer (KYC) information to any gambling sites. Currently, I'm enjoying gambling without the need for KYC, and the site I'm using allows it. However, I'm aware that there might come a time in the future when I'll be required to undergo a KYC process. In such a case, I would be willing to comply, as long as I trust the site to keep my information private.

The last part is important because if you send them to completely untrusted sources and websites just to earn free bucks then you are ignoring the part where it will cost your privacy which is far more worse case.In these casinos we have to do KYC but with legit sites and not too much but sending them to unknown sites is very risky and avoided at any cost.

I have never had a problem with KYC at all the casino sites I have gambled on. Also I have done KYC in various centralized exchanges but never felt any problem and never got into trouble. There are many people who take this KYC system very badly. They think of the KYC system that maybe their biggest problem will be to register houses and land deposits. Actually in my view the way I don't like KYC system is that doing KYC will strengthen your account. Your account will never be cancelled. You can use your account as you wish where you can hold as much balance as you wish. So to those of you who don't think KYC system is safe and think many problems, I say KYC system never causes problems, it's not unsafe, it's completely safe system for me.

The information on the databases is stolen and sold. No one from a casino is going to come out publicly and say that information has been compromised. In fact, the casino may not even know since most of the time it's an inside job and an employee just sells the information.

Probably. The general opinion is that when you send KYC documents they are potentially compromised, but this happens even on large exchanges like Coinbase, where data can be hacked or even sold by them. In general, the more reputable the casino or the site in general, the less likely it is that there will be a problem with your data, but once you have submitted it, you can't be sure of anything.