Topic: is KYC data on Gambling sites safe? - page 5. (Read 2910 times)

Try to look on the current issue of Stake platform which it is really on this board on gambling which they've been asking out some id's and some bills with stamps and have been holding up that 6k win on someone

but still they do fail on giving out despite of those things that had been complied. We havent heard out on Stakes side on whats the actual reason on why they've been still holding those funds despite of such compliance on whats been asked? ID's should really be enough but thing here is that they've been asking for more which i would say that it is really just that too much.
I dont believe that 6k isnt something that would really be a bothersome amount on Stake, what boggles me is on how they do really trying out to hold up those funds and
asking too much information and documentation for that mere amount.

This is the main reason in the application of KYC in gambling, washing is very likely to be done, therefore the government applies the law in the implementation of gambling.

If seen from the interests of the casino actually they do not need KYC customers, at the beginning before the implementation of the KYC policy, gambling continues to operate and they have no problems with personal information about their customers.
If gambling developers do not follow the rules given by the government, then it can be said that gambling is illegal, and the local government can force the casino to close.

Aside from the internet safety, casinos were meant to have this demads of KYC althrough their own way of operations when showing their principles with gambling, they will definitely required for KYC except if you want to have some issues from their regulative aspect with the casino, don't be too relax that every one of th were thesame being a casino but have different policies that's guiding them from allowing some thigs.

I agree with your point based on how much I understand what you mean, the issue of online kyc is not evitable, especially when it involved money, majorly every online institution where money goes in and out from requires their customers to go through a kyc verification process, this is not a thing that is peculiar to gambling casinos alone.

Like you have said, for those who do not want their personal data in multiple online servers, best thing to do is to find a reputable casino they trust, pass the kyc verification and play there, playing on multiple casinos also means you agree to pass kyc verification on multiple casinos if the need for it arises.

Our opinions will always be based from how we understand and handle the risk behind, I see your point and we can't deny the fact as there are many instances that hack or breach have already been exposed over the internet, not even a trusted and establish companies are being penetrated by the hackers, either the security is being attack or an inside job take place.

A matter of how you back up your decision when providing or submitting your KYC, the secureness of the data relies with the site and if how they will take good care of your information, there's no control on your side, after submitting just hope for the best..

You should always remember, nothing is safe on the internet. There are chances that your data might get leaked. Have you seen how often there are "leaks" and "breaches" even in those very reputable companies? So yeah, it is a risk you have to accept or else you will limit yourself to lesser options on the internet. There aren't much services that provides anything without KYC. It all depends on who you choose. As long as you play in casinos that are well reputed, the chances are less of your data to be misused or mishandled.

What I can understand from all of this statement is that giving KYC is doesn't necessarily mean that the data are leaked already and we do that based on the trust we have in that casino, so that also means that we should only choose casinos that are trusted and have high reputations because casinos in that category will have good security to protect their client's data from being leaked.
But if we should have a situation where we avoid using platforms that outrightly demand for KYC will be more beneficial to the gambler or other crypto users because one can't know what level of risk the data are exposed to on the site.

Again we come cross a situation in which we don't have a choice that we do not give our KYC data in order to gamble. It's better that we made up of our mind that we have to give the KYC data no matter it is the gambling site who are asking for it or the cryptocurrency exchanges where the KYC is mandatory.
I am not saying it that we give it to all the sites but we have to believe that the good sites will not misuse about our data.

Satoshi provides a way out for those of us who care about anonymity because, with advances in technology, governments increasingly want to restrict the movement of their citizens so they don't go against government regulations. But now, the government seems to tighten its rules for crypto users by asking them to do KYC. And it happens to us when we register on exchanges or gambling sites. That's what we face as crypto users and we also can't refuse it because if we refuse it, we will be considered against government regulations. But we can still be happy because there are still casinos that allow us to play gambling without doing KYC so we can freely deposit and withdraw money.

If you are really that something paranoid when it comes to your identity or personal information then dealing up with certain platforms which does ask out KYC is never been appealing for you, despite on being known
and reputable or trustable by the community but we know that there's no such thing about 100% secure out of this world on which there's no way that we could be able to tell on whats happening behind those curtains on which we could really make out some assumptions that even despite on having no leakage of information or exploits but we dont really know if they've been safe keeping our information or had been doing  something that we arent knowing or totally make us blind.

This is why on the time that you would really be submitting out some documents or personal information on any platform online, then better consider out with those information's to be good as exposed
so that you wouldn't really be stressing out yourself or having the anxiety on the time that you had passed it.

^That is the problem here, the word entrust must be what you will find first in the casinos.
Because for me KYC measures are typically implemented by reputable gambling sites to ensure compliance with regulations and to establish the identity of their customers, thereby enhancing security and preventing fraudulent activities. Consequently, if you have taken the necessary precautions and have confidence in the platform's credibility, there may be no inherent harm in providing the required personal information as part of the KYC process. Probably it is always prudent to exercise discretion and ensure that you are comfortable with the level of trust you place in the gambling site before disclosing any sensitive data.

Are you really not going to give out your personal data when the gambling site that you are installing on your signature requires it?

afaik, the KYC problem lies only in whether or not you believe in the gambling site you are playing on, however, don't give your personal data carelessly, but if you are sure of the gambling site you are playing on, there's nothing wrong with that.

Wrong. There are plenty of legit crypto gambling sites that don't mandatorily enforce KYC in any form whatsoever. Some of those sites off the top of my head are Crypto.Games, Bitcasino, Sportsbet etc.

These sites only request KYC when you are withdrawing large amounts or if they find something shady related to your account.

You are right that we don't have much of an option for the time being since there aren't any authentic casinos that don't ask for KYC and lets you deposit, gamble, and withdraw your money all without submitting any personal detail, we can see a few decentralized platforms coming out but yet again, we can't just trust any platform that comes out because we know how saturated the market is and there are a lot of scams happening around.

So the best way, as you said, is to only use the most reputable platforms so that if you need to complete KYC verification, you do it with them and your personal data and documents will be safe from being misused or sold and you can rest assured when gambling with the casino if it's trusted.

If you find KYC on a gambling platform risky then why gamble? The biggest risk is gambling and it is not fair to compare it with KYC risk. At the moment most of these platforms are obliged to follow the rule and regulations otherwise their license can get canceled. There are online casinos that might not ask for KYC, they are more risky to gamble as they might not be probably fair.

I don't understand what you're saying, man. Of course, KYC, which stands for Know Your Client policy, is what gambling sites would demand from you. But please bear in mind that they wouldn't require it if they weren't obliged to implement the law by their regulators. If there's no regulation, then casinos simply wouldn't care about the real identity of their gamblers since the more they promote anonymity, the more profitable they'll be.

Yeah, it's risky to give out our private information, but trust them because they are also regulated, which means they'll be penalized if they violate the privacy agreement.

If you think using KYC casino will be of a challenge to you then one have to avoid them and go for the ones that does not consider KYC because there's nothing that could change about having a casino demanding for KYC except you make provisions for it as they required, we are the ones to know the kind of documents we are going to render if such could not be used against us later considering privacy matters.

The end point remains with how you entrust the site that you are playing and the weight of your statement is true, if you want to continue playing anonymously you need to play with the minimum, the only thing is when the chance of being lucky come up and you need to withdraw a much larger amount, KYC is something that will be required by the casino.

It's been a direct order from the government who has the jurisdiction of the permits that the casino is holding. They are in need of submitting the info to prevent any money laundering activities or any other illegal activities using the gambling site.

I have already written on our forum more than once that the very essence of the invention of bitcoin, which was solved by Satoshi and cryptocurrencies in general, is to ensure the anonymity and strict accuracy of payments.  This is why bitcoin was invented.  However, now KYC verification is being implemented everywhere and greatly spoils this very idea.  And the existence of casinos that do not require KYC, even if the player has won a large amount of cryptocurrency and wants to withdraw it to his wallet, is simply necessary for players who want to remain anonymous.  I believe that despite all kinds of recommendations from regulators, there should still be jurisdictions in the world that would allow such casinos to operate legally.  This is very important for the millions of cryptocurrency gamblers around the world.  But unfortunately, the governments of almost all countries follow the American regulators and force them to demand KYC from the players.  I hope that there will still be jurisdictions that will resolve this issue legally and with the player's ability to remain anonymous.  
Maybe there will be a smart president and government who will guess that people need this in many cases and who will figure out how to do it.  

And it definitely can be done!