Topic: is KYC data on Gambling sites safe? - page 8. (Read 2736 times)

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.

Yep, as far as I know to our situation, Big casino only collects KYC gamblers who withdraw big amounts or multiplied their capital that triggered stake and those who are flagged on suspicious activities ofcourse. This doesn't change that fact that they still collect KYC from their customer but at least they don't collect to all especially for those who just want to try playing on their casino. it's logical since no one would really try playing on a casino that request a KYC up front. 

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.

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.

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.

The casino has a choice to deploy KYC and has no problem with the law, or be registered somewhere like Trinidad and Tobago, what will decrease their popularity.

I think that it is impossible - if you want to identify yourself, you have to show some data that allows identify you. The only way i can imagine is to show your data during the registration and the casino will delete it after registration. But anyway you have to share you data.

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.

We don't know what the casino will do with the KYC documents provided by its customers. But if it's a trusted casino, I think the casino will take care of it and have no intention of selling it or giving it to other parties. In this case, the trust that their customers have given is really maintained by the casino because they don't want to disappoint their customers.

As long as we do KYC at a trusted casino site, I think it's safe because the casino will do everything to ensure the customer's data is safe. With the government's intervention, it seems that all businesses will be asked to do KYC so that we, customers, cannot do anything. But we can still choose where we want to play gambling because playing gambling is not because of coercion from other people.

In the world of gambling, there are many different reasons why a player cannot reveal his identity under any circumstances. 
For example, such a player is afraid that his employer will find out about his passion for gambling.  And this can threaten with dismissal and in general the loss of work and difficulties with new employment.  Sometimes, when the casino requires a KYC check in case of a win, such players are even forced to lose all that money from winning because they cannot reveal their identity.  Even despite the assurances of the casino that the data is securely hidden and strictly confidential.  By the way, no one believes this anymore, because information has an inherent property of losing confidentiality over time as a result of hacks, criminal sales and theft.  This is practically the law of dissemination of information on the Internet.  So really, once you pass the KYC check, you will never be sure that all the casinos in the gambling industry know that you can potentially become their client as well.  But of course this does not happen all at once, but over time.  And then you start getting ads from different casinos.  And this is no coincidence.  You have already been tagged online as a potential plsyer. 
I think that now something like this is the case with the voluntary provision of their personal data to some kind of casino or even to some kind of site.

When it comes to data privacy the gambling casino must have their license on it but we are in the crypto currency the essence of it it's to become anonymous and the anonymity is not on the side of it anymore for me level KYC is enough. Such as an email for the forget account or password reset and even providing the withdrawal address but for the KYC submitted with ID is over committed the platform is now performing the centralized process and ignore the use of being decentralize of the crypto.
Gambling casino's argue that KYC is because they want to prevent the using of bot, now depends on the user if they're going to continue the use of the crypto gambling casino due to KYC still having an option.

Gamblers will undoubtedly favor non-KYC casinos since we all want to protect the privacy of our personal information because we are aware of the risks and potential for it to be misused in specific situations. However, I don't believe it would be a huge concern to give our personal information if we were at a reputable and trusted casino. There are well-known and reputable casinos that request KYC, but they maintain and assure the players that their information is secure.
The reputation of the casino affects how safe our KYC information is, and if we choose an accredited casino, our information will be secure. I have so far complied with the KYC requirements of various casinos without running into any issues.

Not all gambling website require KYC in my opinion this wasn't worth it, there is a lot of gambling website that is already trusted here in the forum that doesnt required you some kind of KYC. There are a lot of members here that is not going to give KYC that easily just because it's a requirement, normal it's already a red flag for some members, I think it's already become a big issue so some gambling website doesnt required it anymore.

In my opinion, it's not safe to do KYC on gambling websites maybe you can make an exception to the other trusted and been running for years gambling website, But still I would give my information to this website also there are a lot of gambling website that shut down. Who knows what they can do to your information after that they might just sell your information illegally and it could easily be used in illegal activities. Just don't risk it, I mean it wasn't really worth it just so you could gamble.

For every crypto casinos, KYC should be avoided since it is what separated fiat casinos from cryptocurrency casinos just like you have started. Gamblers that are so free to drop there information in casino for them to be exploited are doing that because of ignorance. 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.

It is difficult when it comes to how to do when a casino asks for identification or KYC, I very much agree when you say that KYC is for trustee casinos, there is no way it is a way to control who enters and who is in this activity style, but when it comes to online casinos and crypto they should not ask for KYC identification, if governments force it or something like that they should have the clear conviction that it should not be done, but no casino goes against governments, nor against the organizations that force this, firstly because they are closed and secondly they lose the licenses that I imagine are quite expensive, so I don't see casinos that really support technology, we as players have no choice but to play because casinos without kyc are few.

Just as you've mentioned, for the sake of the ones on this forum, we know them and how they operates, we cannot assume that KYC is not required when the casino is the type that request for such, there are many casinos one may try to look out for within and outside the forum for no KYC requirements for you to join.

But all that should be more soughted for is the trust in most of these gambling platforms, can they be that reliable to an extent, because the casinos that requires our information may later use them in tracking us and somemay not, but it's always better to stay off this uncertainties and avoid kyc at any means necessary or possible enough for us to use.

You spoke my mind. So many people tend to forget the fact that KYC is what primarily separates FIAT and Crypto gamblers sites. Gamblers supporting KYC due to regulations etc need to understand that they are a part of the minority.

The majority hate KYC and try to avoid it as much as possible since privacy is a big deal these days.

Actually, KYC is typically associated with fiat casinos, which is one of the reasons why crypto casinos became popular in the first place. They offered the appeal of anonymous gambling without the need for KYC. However, with the introduction of regulations, crypto casinos that are now regulated are required to implement KYC procedures for their clients. As enthusiasts of crypto casinos, we have to adapt to this new system since falling in love with crypto casinos means accepting the changes brought about by regulation.

Same with how you assess the chance, choosing reputable casino will give you lesser worries, as you know and believe that they will not risk the business for allowing any types of exploit with the data that their customers/clients will provide them. Most of the time, when dealing online, we mostly check the credibility of every site before we handover our information.

Same drill with online gambling. Before you let the site keep your personal information, you need to make sure that you fully
trust the owners and everyone who's behind the platform.

From this viewpoint, you can have some peace of mind while playing and using the services as you allow them to have the copy of your personal data.

That's the reality; we can't guarantee that our data is 100% safe since no company or gambling site is entirely secure. From the moment we submit our documents, we should already consider the possibility of them being exposed due to various reasons. Therefore, we should question ourselves if we can accept such an occurrence.

When it comes to gambling sites, I believe it's not the ideal platform for providing KYC information. However, as gamblers, we are obligated to comply with it if we want to enjoy the experience.

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.