is KYC data on Gambling sites safe? - page 7.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Quote from: Wiwo on June 11, 2023, 11:41:06 AM

Quote from: komisariatku on June 11, 2023, 11:01:10 AM

I agree with you. If it's a security issue, I think enabling 2FA is safe enough

Yes available and ready to be used without any risk, and this security feature can protect your account up to 80%+ and it doesn't require users much info to set it up.

Unlike KYC where the player gives the documents and other personal details that are verified and kept in the casino database or other third-party data hosting sites which is prone to the risk of a hack or government access to those documents.

It is that there will always be a doubt, besides that leaving our data is already something very delicate, and if the casino or platform leaves that data in a third-party database it is much more delicate and difficult to trust, for that reason the policies KYC of many casinos will always be quite strong when it comes to peddlers and thanks to those kyc policies some players have left, they prefer to go to platforms that are decentralized and play there, so they don't get charged for every move, but the important thing for many is privacy and anonymity.

erep

hero member

Activity: 2282

Merit: 589

Quote from: Fortify on June 22, 2023, 02:53:35 PM

snip
at least depending on how the site is setup - if it uses individual wallets then in theory the money is still potentially traceable, but if it mixes in a central wallet it is not.

The gambling site has recorded traces of deposits and withdrawals with the status of your gambling account having verified real identity due to mandatory KYC requirements, so it doesn't matter whether the deposit system is an individual wallet method or a central wallet, but all your activities in gambling cannot be guaranteed to be anonymous if the gambling site requires KYC . The pros and cons about KYC are still being considered on gambling sites and maybe the advice of some members is to prioritize gambling on popular sites because we have no choice but to gamble on recommended decentralized gambling sites. You must understand the terms and conditions of the gambling site carefully before you decide to join the gambling site of your choice.

Woodie

hero member

Activity: 1834

Merit: 879

Rollbit.com ⚔️Crypto Futures

Nomatter how you look at this, user data has never been handled securely as third parties always have access to it and the fact that this can be sold for the right price should tell you the level of misuse thats out there... And sadly our crypto sportsbooks and casino's have gone this route when we all thought the coming of crypto anonymous gambling was about to be come a reality but unfortunately didn't happen.

Btw if we ask the question of why we have KYC, some of the reasons why KYC is still being used in this day and age ranges from anti money laundering requirements as regulators require , a way to stop bonus abuse and sometimes used by bad companies to deny payouts...

Will KYC be a thing of the past any time soon, I highly doubt it.

Fortify

legendary

Activity: 2688

Merit: 1192

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?

I can understand why some people do not like to share KYC type documentation, because it's almost impossible these days to find a gambling type site that will not ask for it. Simply because any trustworthy site will most likely be based in a jurisdiction that has financial reporting laws and the owners have a responsibility to make sure that information is gathered. There are plenty of reasons that people may not want to submit to KYC, but it might make these gambling sites off limits to them, simply because criminals are able to use these sort of sites as a money laundering strategy to wash the source of their funds, at least depending on how the site is setup - if it uses individual wallets then in theory the money is still potentially traceable, but if it mixes in a central wallet it is not.

klidex

hero member

Activity: 1498

Merit: 504

Quote from: 3kpk3 on June 22, 2023, 08:15:57 AM

Quote from: abel1337 on June 21, 2023, 08:57:07 AM

it's logical since no one would really try playing on a casino that request a KYC up front.

This isn't accurate since many gamblers play at popular sites like Roobet, Stake etc who mandatorily enforce KYC since they trust those sites completely. Some gamblers provide fake KYC in these sites which is a risky approach.

Mandatory KYC(Any Level) sucks regardless of how popular the site is in my honest opinion.

I agree with you. From some of the popular casino sites you said you really have to do KYC earlier to be able to continue deposits and withdrawals.
So there is no other choice but to keep doing KYC on this popular site and I'm sure longtime gamblers already know this.

3kpk3

full member

Activity: 1050

Merit: 149

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: abel1337 on June 21, 2023, 08:57:07 AM

it's logical since no one would really try playing on a casino that request a KYC up front.

This isn't accurate since many gamblers play at popular sites like Roobet, Stake etc who mandatorily enforce KYC since they trust those sites completely. Some gamblers provide fake KYC in these sites which is a risky approach.

Mandatory KYC(Any Level) sucks regardless of how popular the site is in my honest opinion.

Blitzboy

hero member

Activity: 1344

Merit: 565

Leading Crypto Sports Betting & Casino Platform

Quote from: Strongkored on June 21, 2023, 11:26:37 PM

Quote from: Webetcoins on June 21, 2023, 09:54:55 PM

I don't see any problem in doing KYC with a trusted platform because you will know that they won't misuse your data by purpose if something goes wrong like there is a security breach or a hack in the database, but that is a totally different thing and no one can really stop that from happening if it's destined to happen.

Of course, a trusted casino will not harm its reputation by leaking the data of its users, but as far as I know, many casinos use third parties in the KYC process, so if there is a leak, the third party is the issue, it's just that players will still think of the casino as a responsible party because they gave the data to the casino.
I mean when we don't mind doing KYC, we also have to be prepared for data leaks because almost nothing in the online world is safe from leaks, which is why there are so many warnings about the dangers of KYC, especially when it comes to personal data that is quite confidential. It's just that for now, it's almost impossible to find a gambling site that doesn't include KYC as a rule, although it is not said to be mandatory but at certain phases it becomes mandatory and players have to do it

The casino data breach problem is a major concern, like a latent minefield with unknown triggers. Indeed, KYC is a necessity for casinos, but a more efficient approach is required. Think about this, could a decentralized method ensure secure data storage inaccessible without our permission? Perhaps a blockchain-based system? We're in a technological renaissance, arent we?

As for KYC, it's a pain in the ass. It's compulsory due to system norms but resembles a high-stakes data gamble. We aspire to discover a superior strategy soon, dont we?

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

Quote from: btc78 on June 22, 2023, 01:28:50 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?

if you don't want to go KYC verification then dont gamble in those casino that asks this .

there are still casinos out there that free from KYC .

and still , I want to know the complete details why people hate bringing kyc in online gambling when that is the reality , maybe not now but sooner it will be implemented for all.

Even playing on a KYC-free site is also not necessarily safe, it's enough to play in a trusted and big casino, at least you get comfort and security, even though they have to ask us to complete KYC, for me personally it's a common thing and almost all official casinos have regulations about KYC , so we don't need to avoid that because KYC is also to ensure that there is no money laundering or other criminal acts that harm the casino either.

I think when we give KYC it means we have to trust a good casino and vice versa if we complete KYC of course the casino will also feel safe that there are no money laundering transactions made by users. if you want everything to be safe and comfortable, don't fight the casino rules, but if you want freedom, you don't necessarily feel safe and comfortable.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

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?

if you don't want to go KYC verification then dont gamble in those casino that asks this .

there are still casinos out there that free from KYC .

and still , I want to know the complete details why people hate bringing kyc in online gambling when that is the reality , maybe not now but sooner it will be implemented for all.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Webetcoins on June 21, 2023, 09:54:55 PM

I don't see any problem in doing KYC with a trusted platform because you will know that they won't misuse your data by purpose if something goes wrong like there is a security breach or a hack in the database, but that is a totally different thing and no one can really stop that from happening if it's destined to happen.

Of course, a trusted casino will not harm its reputation by leaking the data of its users, but as far as I know, many casinos use third parties in the KYC process, so if there is a leak, the third party is the issue, it's just that players will still think of the casino as a responsible party because they gave the data to the casino.
I mean when we don't mind doing KYC, we also have to be prepared for data leaks because almost nothing in the online world is safe from leaks, which is why there are so many warnings about the dangers of KYC, especially when it comes to personal data that is quite confidential. It's just that for now, it's almost impossible to find a gambling site that doesn't include KYC as a rule, although it is not said to be mandatory but at certain phases it becomes mandatory and players have to do it

kotajikikox

full member

Activity: 2590

Merit: 228

Never that II have an issue about KYC in every site that I visit and even play (because the one that I advertised is also a KYC friendly site) so for there I think it is normal for gambling site to ask and also to provide ,
but what I see a problem if we engaged in wrong site meaning those who are a BS scammer or those new site that have not proved anything then try to avoid those site .
but as long as you are playing in those popular sites such as named in many signature banner that we are wearing then I believe that there is no problem about.
we have heard and read many times that there are company and scammers and fake sites that expose or sells our details to 3rd party users that
comes to abusing in the future.
me myself is once turns as an email abused because of those kyc asking site that turns being liar to our details.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Asuspawer09 on June 21, 2023, 07:20:38 AM

I mean there is always a possibility right they might be a trusted gambling website but it might change in the long run, so probably it would just depend on your choice if you're going to give up your personal information so just you could play and gamble on that website. Some gambling websites might go down at any moment and when that happened we don't know what is going to happen to our data.

It's probably going to be difficult to check this website since they are operating through the internet so it might be based on the different country that you are in, and that is going to be a problem since you're not going to get any updates they could easily take our data and sell it and we have no idea about it. In my opinion, this KYC is a red flag, so I don't really recommend people or gamblers doing KYC just to gamble or play on a gambling website I mean there are a lot of trusted gambling websites that doesnt required KYC, I mean if you think about it KYC doesnt really matter as long as you have your deposit, if something bad happened that problem is on their system getting breach or hack.

Everything can change, even for trusted casinos. But before that happens, we can find any unusual signs the casino will be showing so we can get ready to leave the casino site and look for another one. And if we have already done KYC at the casino, we can't do anything because the documents we sent are already in their hands. Hopefully, nothing will happen to the documents we have sent to them.

KYC is considered a red flag for many people, especially those in the crypto world. But we can't do anything about it because if we want to use a service, be it gambling or exchange or else, the service provider may ask us to do KYC. So we must be careful when using any site and always check it before doing anything.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: Porfirii on June 21, 2023, 03:11:29 AM

Quote from: ?? on ??

Stay away from KYC when you can. Your information can be hacked, sold or shared. If you get red flagged at one casino, they may share it with other casinos. If it's shared with just one casino, your chances increase of a sell or hack with bad intentions.

The problem here is that many jurisdictions are imposing mandatory KYCs to avoid money laundering and financing of terrorism, which is reasonable when there are indications of crime, of course. But I don't fully agree with the KYC everywhere trend that makes everyone suspicious first of all until proven innocent for the reason that we have commented: every time we submit personal information to others we multiply the chances of leaks and misuse.

In the past I heard about crypto projects that aimed to create a solution for this problem, so you could identify yourself without the need to give all your data every time but, to my knowledge, none have worked.

Such a thing will barely work, and if it works, the authorities won't accept it because they want to have everyone's data available to them so that if someone does something illegal or if they suspect them, they can have them available since they have their data, that is how they control the money laundering and other illegal activities that might happen in a casino.

I don't see any problem in doing KYC with a trusted platform because you will know that they won't misuse your data by purpose if something goes wrong like there is a security breach or a hack in the database, but that is a totally different thing and no one can really stop that from happening if it's destined to happen.

Fatunad

sr. member

Activity: 2296

Merit: 360

Quote from: Renampun on June 21, 2023, 03:41:49 PM

Quote from: Porfirii on June 20, 2023, 04:57:06 AM

Quote from: michellee on June 20, 2023, 04:17:02 AM

Quote from: Docnaster on June 19, 2023, 05:44:56 PM

<...>

...

This is true, one can't compare the degree of safety between performing KYC for trusted companies versus brand new or shady projects. However, KYC always carries a risk, we have seen many times with leading companies in their sector, like in Ledger's case where data from 270K crypto wallet buyers were exposed: so no matter how big and secure the company is, there can always be weak points. In fact, the larger the company the more likely it is to be targeted.

KYC data can never be secure because there is always the possibility that the gambling site where we play (even the big ones) will experience a data leak due to internal and external factors that occur. After all, the choice is ours (whether to continue gambling activities at gambling sites that require KYC or switch to gambling sites that do not require users to do KYC)

including KYC on gambling sites must be with the consent and self-awareness of the user, don't be unable to withdraw money just because of inaccuracy from the start.

There's no such thing about safe because once you do pass up those information whether on a gambling site or not, those are already prone to leakage or mishandling of those information's thats why you should make yourself that get used to possible risks. Come to in mind that we've been sending out details and information on our typical daily lives and whatever transactions we are into on which there's no such thing about privacy but here on this online world then it would be not shocking on why people are really that to keen on sharing up their information and this is where cryptocurrency do make that popularity because
of anonymity and decentralization which we do really often mind or prefer the most.

Renampun

sr. member

Activity: 2520

Merit: 366

Catalog Websites

Quote from: Porfirii on June 20, 2023, 04:57:06 AM

Quote from: michellee on June 20, 2023, 04:17:02 AM

Quote from: Docnaster on June 19, 2023, 05:44:56 PM

<...>

...

This is true, one can't compare the degree of safety between performing KYC for trusted companies versus brand new or shady projects. However, KYC always carries a risk, we have seen many times with leading companies in their sector, like in Ledger's case where data from 270K crypto wallet buyers were exposed: so no matter how big and secure the company is, there can always be weak points. In fact, the larger the company the more likely it is to be targeted.

KYC data can never be secure because there is always the possibility that the gambling site where we play (even the big ones) will experience a data leak due to internal and external factors that occur. After all, the choice is ours (whether to continue gambling activities at gambling sites that require KYC or switch to gambling sites that do not require users to do KYC)

including KYC on gambling sites must be with the consent and self-awareness of the user, don't be unable to withdraw money just because of inaccuracy from the start.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Bushdark on June 21, 2023, 03:14:29 PM

Quote from: Plaguedeath on June 21, 2023, 10:02:37 AM

Quote from: RewFrew on June 21, 2023, 09:52:23 AM

Actually i think it has some risk. Because Some gambling site are not enough careful about our information. But some companies are careful. Overall we have nothing to do about it because some companies tarms and conditions are KYC. It has some positive side and has some negative side. On the other hand for Bitcoin transaction has no mandatory KYC because It's transaction held Through Blockchain. But gambling site needs KYC to avoid scam. So i Think gambling company did it for safe from scammer.

Do you mean all centralized sites that aren't gambling are safe? there's no difference if the site is gambling, exchange, robot trading etc, all of them carry a same risk. This is not about Bitcoin, off topic if you discuss about Bitcoin transaction. You can gamble with fiat or online money on an online casino.

KYC can be used to avoid scam, avoid abusers, complying the regulation etc.

Since the emergence of cryptocurrency I have seen no need for any KYC since we can always send our money using crypto without any problem. It only need crypto wallet to make transactions without any problems. I don't like going for KYC on any side because they caloukd breach our privacy and use our information to access our profile.

So many of these casinos are claiming to be decentralized and we are still surprised seeing them asking for KYC from there customers. If you can not provide KYC and you have money on the casino, you may not have access to your fund forcing you to go for KYC for the sake of the fund. We should not allow any casino to force us to do KYC when there are many options for us to make bets.

The only decentralized things are to those sites which are involving blockchain based games but if we do speak about those typical games like slots which does have those providers and other things then expect that

these platforms are indeed regulated or something that could really be that controlled out since these are centralized platforms in the first place. People do prefer on dealing up with places which does have license on which means that regulation would really be attached to it, which simply means on the time that they are really that having the license then expect that they would really be that getting in line with government rules and mainly when it comes to money related business or big revenue then expect that money laundering reasoning would really be attached specially into these platforms.
Somewhat, despite on being centralized, we do still have lots of options or platforms who doesnt ask out still with your information while you do play but dont really make yourself
get shocked on the time that they would be asking in the future or specially on the time that you do win big.

Bushdark

sr. member

Activity: 1008

Merit: 262

20BET - Premium Casino & Sportsbook

Quote from: Plaguedeath on June 21, 2023, 10:02:37 AM

Quote from: RewFrew on June 21, 2023, 09:52:23 AM

Actually i think it has some risk. Because Some gambling site are not enough careful about our information. But some companies are careful. Overall we have nothing to do about it because some companies tarms and conditions are KYC. It has some positive side and has some negative side. On the other hand for Bitcoin transaction has no mandatory KYC because It's transaction held Through Blockchain. But gambling site needs KYC to avoid scam. So i Think gambling company did it for safe from scammer.

Do you mean all centralized sites that aren't gambling are safe? there's no difference if the site is gambling, exchange, robot trading etc, all of them carry a same risk. This is not about Bitcoin, off topic if you discuss about Bitcoin transaction. You can gamble with fiat or online money on an online casino.

KYC can be used to avoid scam, avoid abusers, complying the regulation etc.

Since the emergence of cryptocurrency I have seen no need for any KYC since we can always send our money using crypto without any problem. It only need crypto wallet to make transactions without any problems. I don't like going for KYC on any side because they caloukd breach our privacy and use our information to access our profile.

So many of these casinos are claiming to be decentralized and we are still surprised seeing them asking for KYC from there customers. If you can not provide KYC and you have money on the casino, you may not have access to your fund forcing you to go for KYC for the sake of the fund. We should not allow any casino to force us to do KYC when there are many options for us to make bets.

Rabata

sr. member

Activity: 980

Merit: 311

Quote from: danadc on June 21, 2023, 12:06:48 PM

Quote from: Doan9269 on June 21, 2023, 08:47:29 AM

Quote from: 3kpk3 on June 21, 2023, 08:30:49 AM

Quote from: GiftedMAN on June 20, 2023, 05:44:43 PM

So many of the casinos that do claim that they are Bitcoin casinos and still ask for KYC from there customers are missing the information in a big way that Satoshi Nakamoto dropped in the whitepaper.

Cryptocurrency is meant to be decentralized and should not be after the identities of gamblers who use there casinos. Big gamblers that know the effect KYC could pose in there privacy status will never agreed to use KYC casinos.

True, but it's very difficult for crypto gambling sites to offer complete anonymity due to regulators breathing down their necks all the time which is why they enforce KYC which is understandable upto a certain extent.

Crypto gambling sites should only ask for KYC for big amounts and if they legitimately suspect the customer without mandatorily enforcing it.

They do offer but just say that not all that offers it, you have to narrow your search on this to be able to locate one of such, what i will put i addition here is to always be mindful of the kind of information we provide to many of these online casinos on request, there are levels or extent to which we need to exercise caution and pause to check in the situation if it really warrant giving out such informations on gambling platforms.

We should never trust that a platform cannot provide absolute security. because they can offer it, there is nothing that takes away from them, but honestly when a casino, exchange or a site is hacked, there is not so much guilt, and if they have the documents stored in a part of the server in full view of all, then nothing to do, documents, data and everything can be leaked, I never trust systems, not even banking systems that claim to have the best security, everything is vulnerable, there is always a way to get in and do something to get to your information , the only way is to have it saved on a server that is not online.

We often get such complaints in many casinos ‍and we have already seen some good casinos fall victim to hacker attacks. If KYC information is stored online then the chances of it being stolen are high. KYC is a mandatory requirement in all casinos that are operated following government regulations. Online Gambling KYC is mandated to prevent indulging in various types of financial crimes including fraud. It may vary slightly according to the general rules of different countries but the purpose remains the same.

danadc

sr. member

Activity: 1092

Merit: 342

WOLFBET.COM - Exclusive VIP Rewards

Quote from: Doan9269 on June 21, 2023, 08:47:29 AM

Quote from: 3kpk3 on June 21, 2023, 08:30:49 AM

Quote from: GiftedMAN on June 20, 2023, 05:44:43 PM

So many of the casinos that do claim that they are Bitcoin casinos and still ask for KYC from there customers are missing the information in a big way that Satoshi Nakamoto dropped in the whitepaper.

Cryptocurrency is meant to be decentralized and should not be after the identities of gamblers who use there casinos. Big gamblers that know the effect KYC could pose in there privacy status will never agreed to use KYC casinos.

True, but it's very difficult for crypto gambling sites to offer complete anonymity due to regulators breathing down their necks all the time which is why they enforce KYC which is understandable upto a certain extent.

Crypto gambling sites should only ask for KYC for big amounts and if they legitimately suspect the customer without mandatorily enforcing it.

They do offer but just say that not all that offers it, you have to narrow your search on this to be able to locate one of such, what i will put i addition here is to always be mindful of the kind of information we provide to many of these online casinos on request, there are levels or extent to which we need to exercise caution and pause to check in the situation if it really warrant giving out such informations on gambling platforms.

We should never trust that a platform cannot provide absolute security. because they can offer it, there is nothing that takes away from them, but honestly when a casino, exchange or a site is hacked, there is not so much guilt, and if they have the documents stored in a part of the server in full view of all, then nothing to do, documents, data and everything can be leaked, I never trust systems, not even banking systems that claim to have the best security, everything is vulnerable, there is always a way to get in and do something to get to your information , the only way is to have it saved on a server that is not online.

Plaguedeath

hero member

Activity: 910

Merit: 680

Quote from: RewFrew on June 21, 2023, 09:52:23 AM

Actually i think it has some risk. Because Some gambling site are not enough careful about our information. But some companies are careful. Overall we have nothing to do about it because some companies tarms and conditions are KYC. It has some positive side and has some negative side. On the other hand for Bitcoin transaction has no mandatory KYC because It's transaction held Through Blockchain. But gambling site needs KYC to avoid scam. So i Think gambling company did it for safe from scammer.

Do you mean all centralized sites that aren't gambling are safe? there's no difference if the site is gambling, exchange, robot trading etc, all of them carry a same risk. This is not about Bitcoin, off topic if you discuss about Bitcoin transaction. You can gamble with fiat or online money on an online casino.

KYC can be used to avoid scam, avoid abusers, complying the regulation etc.

Topic: is KYC data on Gambling sites safe? - page 7. (Read 2910 times)