is KYC data on Gambling sites safe? - page 22.

notblox1

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Quote from: komisariatku on May 30, 2023, 10:26:37 AM

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

Sending personal documents is never going to be 100% safe.
If we are talking about smaller amount of money than yes I am refusing to fill out any kyc on gambling websites, but they usually have terms that allow them to ask you verification for any amount.
I had issue with one casino and I wont name them again, I refused to perform kyc for less than $200 and they seized my coins, after that I stopped using them.
In case larger amount of money is involved or some suspicious activity like cheating and abusing casinos than I agree for them to ask verification from their customers.
I think most people here would agree with me, we need some middle ground with crypto casinos and long time forum members should get some small benefits with this.

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Quote from: komisariatku on May 30, 2023, 10:26:37 AM

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.

Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

No. Submitting KYC is never 100% safe. Even if the platform is extremely trustworthy.

All that data is stored, therefore it can be hacked and recovered by bad actors.

While I completely understand and sympathize with the regulatory and legal situation which is being forced upon centralized platforms like online gambling crypt casinos or crypto exchanges, I am absolutely against the very notion of KYC.

A few hackers is all it takes and that data goes into the dark web, where people will use your identity to cause you financial and social damage beyond repair. Identity thieves know how to use your data to make money and they do not care about anything.

Haunebu

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Mandatory KYC in any crypto casino is dumb as hell if you ask me since privacy and anonymity matter a lot to most gamblers including me. KYC should only be enforced when the site finds something suspicious or when processing large withdrawals.

Most crypto gambling sites usually enforce KYC only under specific conditions which I mentioned above and this is the optimal strategy in my opinion.

This is why I appreciate sites like Crypto.Games, Bitcasino, Sportsbet etc where KYC is enforced only under certain conditions.

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Quote from: ImThour on May 31, 2023, 12:01:03 PM

If you are about to give your personal information over the internet to any service, make sure they are credible enough. If they are, there is no problem in getting KYCed and that will make you able to get access to all their features without any restrictions. Most of the casinos ask for KYC in Withdrawal time. I want the rule to be changed, KYC at deposit too. Why withdrawals only?

Lately I have seen many problems in the casinos because of the KYC, what strikes me is that the demands are always increasing more to be able to have a withdrawal in a normal way, thanks to the blessed kyc they manage to stop that process, which It causes annoyance and it's not pleasant at all, so I don't like those things, also the security of things are changing, now even the google authenticator is asking me to update to have backup in the cloud, I think this is good And bad, in a casino we should not have so many obstacles to withdraw the money we have won.

ImThour

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If you are about to give your personal information over the internet to any service, make sure they are credible enough. If they are, there is no problem in getting KYCed and that will make you able to get access to all their features without any restrictions. Most of the casinos ask for KYC in Withdrawal time. I want the rule to be changed, KYC at deposit too. Why withdrawals only?

uneng

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Quote from: macson on May 31, 2023, 11:21:08 AM

even Facebook itself can experience data leaks.... no one can guarantee that your personal data will be safe when you do KYC, this does not only apply to gambling sites but to all platforms that require users to do KYC, such as centralized exchanges and others. Therefore, so that your mind can be calmer, you should only fill out KYC on trusted gambling sites that have a good reputation. avoid filling out KYC on gambling sites that have just emerged or are less than one year old.

Actually Facebook has already experienced data leaks, intentionally or by mistake, we never know... The fact is that once you give your ID to a third party platform, it's on their hands to do whatever they want with this. All you have is their word they are going to keep it safe, but at same time, words mean nothing and the peopel behind the platform can leak or resell the data to someone else, as it's constantly happening along the years.

If you fear to have your ID leaked it's highly suggested you don't apply to KYC procedures, unless you heavily trust the platform or institution you are applying to. Personally, I think it's inevitable our data leaks at some point, so I'm not really concerned about it.

macson

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even Facebook itself can experience data leaks.... no one can guarantee that your personal data will be safe when you do KYC, this does not only apply to gambling sites but to all platforms that require users to do KYC, such as centralized exchanges and others. Therefore, so that your mind can be calmer, you should only fill out KYC on trusted gambling sites that have a good reputation.

avoid filling out KYC on gambling sites that have just emerged or are less than one year old.

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Quote from: komisariatku on May 30, 2023, 10:26:37 AM

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

When in doubt don't, if you cannot submit KYC when it's on their terms that KYC is needed for validation then don't sign up to casinos that asked for KYC you are better playing in WEB3-based casinos.
Casinos that ask for KYC are compliant with the money laundering board and their license issuer so they have a valid reason to ask their players to undergo KYC and since they are fully compliant, they can claim that they are safe, so it's your choice if you still want to proceed in my case, I'm ok with KYC on all the casinos I'm playing because I have trust on the platform.

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Quote from: m2017 on May 31, 2023, 09:27:05 AM

Quote from: komisariatku on May 30, 2023, 10:26:37 AM

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.

Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

My attitude towards KYC is extremely negative and I think that if possible, it should be avoided at least in gambling websites, exchangers and elsewhere. My position here is simple: all these service providers don't share their personal information with me (maybe they should do this, which would reduce the number of scam projects - this is also a plausible excuse, like the fight against money laundering), which means why on earth should I do this. I don't trust them because there have been many data breaches. If they can't store customer information properly, then there's no reason for them to even undertake it, much less for me, as a customer, to provide it, just because they want to. There are alternatives. I'd rather use the services of that gambling site that doesn't f@ck my brains with KYC.

Well no one really wants to submit KYC at their own will but casino licenses makes force them to collect KYC and I think that it is also their way to safe guard their casino from abuses. The sad reality is majority of the casino today even those who are reputable one are collecting KYC. This is why there are new casino that are offering NO KYC promise to attract some gamblers. It's hard to trust but yeah even high rollers can't be exempted in this KYC that is implemented by casinos. I hope someday that a trend of a no KYC casino will be born.

m2017

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Quote from: komisariatku on May 30, 2023, 10:26:37 AM

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.

Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

My attitude towards KYC is extremely negative and I think that if possible, it should be avoided at least in gambling websites, exchangers and elsewhere. My position here is simple: all these service providers don't share their personal information with me (maybe they should do this, which would reduce the number of scam projects - this is also a plausible excuse, like the fight against money laundering), which means why on earth should I do this. I don't trust them because there have been many data breaches. If they can't store customer information properly, then there's no reason for them to even undertake it, much less for me, as a customer, to provide it, just because they want to. There are alternatives. I'd rather use the services of that gambling site that doesn't f@ck my brains with KYC.

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If the quantity is not too big I try to not disclose my identity even to reputable services. For example, I recently lost over $100 from a bounty campaign which eventually asked KYC in order to send payments. I'm not doing anything wrong in my country and not being anonymous shouldn't be a problem for me, but as long as I don't need this money to eat, my privacy is worth more than that.

So, if the service is trustworthy and we talk about high sums, then I would go through a KYC process, but otherwise I prefer to refrain from doing it. I'm not Satoshi (well, we all are except Craig Wright), but: do you imagine Satoshi going through a process like this? I don't think so, and less for a few dollars. Prevention is better than cure.

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Quote from: komisariatku on May 30, 2023, 10:26:37 AM

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

Whether or not KYC is safe depends on the online casino and the recipient of user data, if you say it's safe it's definitely safe and if you say it's not safe it's definitely not safe, it all depends on the casino operator in storing the KYC of their users who bet on their gambling platform.

However, personally, I definitely don't believe in the KYC system/features, I really don't like sharing my personal identity, especially in online casinos, Bottom line: I am currently happy to bet and gamble on online casinos that don't require KYC, after all I'm not a billionaire bettor, I bet as much as I can, but the gambling sites that I have bet on so far have not had any problems with withdrawals.

My understanding KYC does not guarantee someone is 100% safe after they do kyc, there are many ways casinos reason, if they don't want to return the user's money that wins and bets.

LDL

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KYC is basically some personal information that a user provides to prove his/her identity at a casino or any other website. It is basically not safe for a user as all his personal documents are provided under another. However, if a trusted site provides information for KYC and promises to keep that information confidential under any circumstances, sharing personal information is definitely not considered unsafe.
But I don't think it is safe to provide information for KYC on my local gambling sites. All types of casino and gambling sites are officially banned in my country and sharing personal information there can certainly lead to legal trouble.

Kelvinid

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In general, that may be the case as most gambling sites are regulated and monitored by the government. These sites are mandated by the government to implement Know Your Customer (KYC) regulations for their clients. As a result, we can expect these sites to handle our information confidentially and refrain from misusing it for personal gain.

The first and foremost step is to select a trustworthy gambling site. Once you find one, complying with their requirements becomes easier, as you can have confidence that they adhere to the standards set by regulators.

maydna

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I'm fine with KYC, but I only do KYC on trusted sites and will check the site first before I send my documents. If I have any doubts about the site, I will ensure it is trustworthy, but if not, I will not do KYC. There are still many sites, especially trusted casino sites, that won't give us problems, so we don't need to worry. And for security issues, I think trusted casinos can provide security to protect their user data. But finding a casino that doesn't require KYC would be great because I don't have to upload or submit any documents to verify my gambling account.

wiss19

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KYC doesn't have any function to prevent your account from account breakers or anything else, and the money laundering thing is for the platforms and authorities and it isn't a benefit for you, it's just that they want to keep tracking your activities to know whether you are involved in money laundering or not and if they suspect anything like that, things can go wrong with you.

I personally don't mind doing KYC but only if the platform that I'm using is trusted and I know that they won't misuse my information for their own gains, if I can do KYC in a centralized exchange to access all the features, I can do it on a gambling platform as well so that I don't face any issues with my withdrawals and deposits.

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Quote from: dwyane36 on May 31, 2023, 04:49:08 AM

Quote from: Outhue on May 31, 2023, 02:13:19 AM

You will easily find many crypto exchange services that don't require KYC verification from their users than crypto gambling platforms because online casinos are regulated and they are given the free pass to run their business by the government, KYC can't be avoided and if your favorite gambling platform is telling you that they don't need KYC verification then you should be smart enough to understand that the casino is not regulated, they can seize to exist some day when the government hunt them down.

If the KYC requirement is not something you like then do not gamble online at all, I will leaves non KYC verification gambling website for the one that requires for KYC verification, because no legal online casino will run without KYC requirement.

I wouldn't say that many cryptocurrency exchanges still don't require KYC. On the contrary, the trend is that there are fewer and fewer exchanges without KYC every year as regulators put constant pressure on them. As for gambling platforms, I agree with you that users should choose only legal casinos with appropriate licenses. However, the problem is that the crypto industry has had a lot of cases when users' personal data has been hacked and leaked, and this is probably one of the main reasons why many users are skeptical about KYC and try to avoid it.

I agree. However, the problem is that leaking and hacking of personal data is not limited to the online gambling industry, but extends to various sectors and industries as well. In today's digital age, where data is constantly being collected, stored, and shared, the risk of personal data breaches exists across the board.

While no solution can completely eliminate the risk of personal data leaks and hacking, we all should do our best to minimize the chances of it happening. I mean, let's face it, it's not just up to the companies, we have a role to play too. We need to be smart about what we share and where we share online. It's all about taking control of our own digital footprint.

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Quote from: tjtonmoy on May 31, 2023, 05:51:49 AM

KYC in any form of online platform is dangerous. It contains so much data that it could ruin your life. There's no such guarantee that your data is safe in their hands. And privacy should be the main concern in anyone's life. I don't want to compromise that while doing something like gambling.

Any form of KYC is dangerous since you will handle over your information on the company via online or offline submission. KYC is now online even with government, banks and other businesses so this is the common procedure nowadays on KYC because businesses wants to give convenience to their member.

The only problem on casino was we can only reach the company behind the casino virtually because they are located overseas. We don't have any idea how they keep our documents. We are only relying with their reputation and trust them to do their job properly.

Quote from: tjtonmoy on May 31, 2023, 05:51:49 AM

One loophole I found while doing such thing is that if it's not in their T&C and if they accept any kind of documents, then try to provide incorrect info by making one by yourself. I have done this in the past and I am still using it to this date. So if you can make an identical copy of your identity documents, then use it. If the amount is large, I will not recommend such thing. But that's how I cheat the system.

Hmmmm, do you photoshop your documents? This is falsification of documents case and this is really serious. I won’t do this small or big amount just to avoid casino KYC.

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KYC in any form of online platform is dangerous. It contains so much data that it could ruin your life. There's no such guarantee that your data is safe in their hands. And privacy should be the main concern in anyone's life. I don't want to compromise that while doing something like gambling. If it's possible to withdraw low amount without KYC then I will choose to do it again and again but not provide any KYC to them. One loophole I found while doing such thing is that if it's not in their T&C and if they accept any kind of documents, then try to provide incorrect info by making one by yourself. I have done this in the past and I am still using it to this date. So if you can make an identical copy of your identity documents, then use it. If the amount is large, I will not recommend such thing. But that's how I cheat the system.

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Quote from: dwyane36 on May 31, 2023, 04:49:08 AM

Quote from: Outhue on May 31, 2023, 02:13:19 AM

You will easily find many crypto exchange services that don't require KYC verification from their users than crypto gambling platforms because online casinos are regulated and they are given the free pass to run their business by the government, KYC can't be avoided and if your favorite gambling platform is telling you that they don't need KYC verification then you should be smart enough to understand that the casino is not regulated, they can seize to exist some day when the government hunt them down.

If the KYC requirement is not something you like then do not gamble online at all, I will leaves non KYC verification gambling website for the one that requires for KYC verification, because no legal online casino will run without KYC requirement.

I wouldn't say that many cryptocurrency exchanges still don't require KYC. On the contrary, the trend is that there are fewer and fewer exchanges without KYC every year as regulators put constant pressure on them. As for gambling platforms, I agree with you that users should choose only legal casinos with appropriate licenses. However, the problem is that the crypto industry has had a lot of cases when users' personal data has been hacked and leaked, and this is probably one of the main reasons why many users are skeptical about KYC and try to avoid it.

In addition to the constant leaks of personal data from those provided to the exchange or casino by KYC-verified players, which obviously violates your privacy, do not forget that in many cases the player simply cannot reveal his identity for many reasons.
This may be gambling bans in the country where he lives, it may be his personal reasons, for example, he hides his hobby and passion for gambling from his boss or employer. In general, there can be many such reasons.
So casinos without KYC are quite in demand by players and it is obvious that they should be on the market and work. Of course, there is a danger of disguising a fraudulent casino in this way.
But on the other hand, leaving millions of players without the opportunity to gamble anonymously and without compulsion to KYC is also completely wrong.
There should also be legal casinos providing services anonymously. And how to deal with scammers, while I think law enforcement agencies are well versed in this.

Topic: is KYC data on Gambling sites safe? - page 22. (Read 2910 times)