Topic: Kryptogamers Hive No KYC Casino - page 6. (Read 1490 times)

Those people have their own choices, and if they believe they can double or triple their crypto money through gambling, they do it anyway and try to make more crypto money. But if they can think for a long time that gambling will not be able to give more wins than losses, they will look for other ways to double their money, and trading is one of the ways that many people have used. And I agree that before we play at a certain casino, we have to find out more about the casino so we don't get scammed.

if that's done it means it's not fully decentralized so the owner can close the user's account if he makes a duplicate account without notification, maybe it's done so there's no abuse that usually happens in every casino, I think without KYC it's quite fun and I think as long as it's not breaking the rules all is well

People here keep forgetting that it's an on-chain casino. If you win - no matter the amount (max amount you can bet is already proportional to funds available in casino's wallet), so your winnings are transferred instantaneously.

For some reason there are lots of gamblers who really prefer casinos without KYC and for now there are also many casinos that do implement regulations without KYC so that gamblers can choose from one of these casinos.
I myself don't really believe that I'm afraid to use casinos without KYC because in my opinion some casinos without KYC definitely have great opportunities to commit fraud or scams, but this is just my fear or my personal suggestion.
But I'm sure that as time goes by, more and more casinos will provide KYC requirements in the future, so like it or not, every gambler has to do it.

well this is what I think at the moment. when casinos don't require KYC when they want to bet, how can the casino know if gamblers use multiple accounts. even though to find out multi accounts usually use KYC as verification whether the accounts are from the same person.

and if indeed this casino doesn't require KYC, what if one day the gambler wins big from the casino? will also be asked for KYC or not?
because there are some casinos that say they don't need KYC but after getting a big win they have to do KYC and the process usually takes a long time.

I was just curious I see in the terms that "The Casino reserves the right to close the Duplicate Account without any prior notice and/or obligation to state a reason." how are they going to confirm that? Also, would they be able to block the account if just in case it is duplicated. I like the fact that it is not a KYC casino though and you can still play slots. Anyway, I think this is not the section of this ANN thread as it does not offer Bitcoin to place bet.

Though I would like to try it as I think I have HIVE left in my old wallet.

You are making assumptions without having first hand experience.

Transactions on hive are instant and free. I don't remember hive ever being congested, feel free to warm me up if I'm wrong.

You forgot the mention one of the most important con of on-chain games, and that is the issue of transactions fees and possible delays in getting a confirmation when the network is congested.
The above can give a gambler a really bad experience, most especially the part that the gambler will have to pay transaction fees every bet, whether they win or not, and if the transaction is high, this can be said to be another loss altogether.

This casino was based on the crypto currency based platform,So players can use the gambling to use their holding crypto currency.The only way to double or triple the crypto currency is by doing the correct way of trading on the exact crypto currency.But due to more website for casino,it’s very hard to trust this fully.So the users should use the background verification before using of any casino,whether is based on crypto currency or based on normal fiat.Crypto currency based casino is more profitable as compared to the casino based on fiat.

The casino you described appears to be a blockchain-based platform that offers a variety of games and allows for betting with cryptocurrency; somehow, it seems suspicious as well because it cannot be trusted fully.
Therefore, it's a good idea to research and read reviews before trying out any online casinos.

Thanks @libert19 for posting as all your answers are correct. For those who are not aware of us, here's a brief introduction of Kryptogamers Casino:

Kryptogamers.com is a Provably Fair Non-Custodial Casino built on Hive Blockchain on 2019. In simple words, anyone with a Hive account and a Metamask-like wallet such as "Hive Keychain" can play on Kryptogamers without ever having to deposit a single penny. As all transactions on Hive Blockchain are free and have a block-time of only 3 seconds, games can be played directly through your "Hive Keychain" wallet with ZERO risk of private key exposure OR locked funds as funds are in YOUR wallet (No Deposit/Withdraw) at all times and all winnings are instantly transferred to your wallet.

Regarding Profit Sharing, we give away 50% of all Gross Profits based on House Edge of each game (Varies from 0.5% - 5%) to all our players daily at 8:30 AM UTC proportionately based on their staked gamer tokens.

We also have the option of custodial funds for players who prefer quick seamless user experience play on mobile over a bit unfriendly user experience which comes with non custodial wallets.

Support: We have a Discord channel support through which we resolve all your queries/issues within maximum 24 hours.

Our website: https://kryptogamers.com/
Our Discord: https://discord.gg/KpFUZh2

Feel free to ask us anything regarding Kryptogamers or gambling in general as we ourselves are degen gamblers.

One can create tokens on hive, just like wbtc on ethereum. That's what I meant by 'pegged BTC'.

Thread is about casino, gambling board seemed appropriate. Where is it written that only  BTC casinos are allowed to be discussed here? You can always report.

Actually an online casino kryptogamers.com it was created around the Hive token and it does not support bitcoin, it is also allowed to discuss everything that was created around bitcoin, it is strange that the thread was not transferred to the Service Announcements (Altcoins) board.

I ain't associated with them, all they have is hive blog and discord.

It's on-chain meaning for each bet smart contract is executed (you have to confirm this interaction through your hive wallet first), in case of win you will be paid out to your wallet directly.

There is no third party holding funds for you, all action happens on blockchain.

I will admit I am surprised this is the case as literally the casino has to survive with just half of its income and then pay taxes on top of that in whatever jurisdiction in which they may be located, this makes the model way less sustainable and I hope that whoever is staking their coins is very careful about this as they will never know when the casino will simply not obtain enough profits to sustain itself and just disappear out of nowhere.

I don't see any section related to FAQs or Terms of Service. Does this site have that? Also, are you associated with them? Are you the owner? Or what?
How do withdrawal and betting work with this kind of casino?

If this is the official thread for the website, good luck and welcome.

Yeah!  Exactly! 
A huge number of gamblers prefer to remain anonymous when playing in one or another casino.  Especially when it comes to deposits and bets in cryptocurrencies.  Millions of players have many reasons why they are unwilling, unable, or afraid to provide casinos with their personal data under the KYC procedure.  These are family circumstances and circumstances at work, finally a person lives in a country where there are bans on gambling and so on.  The list of circumstances can be continued and it is huge indeed. 

So the non-KYC casino sector in the global online casino market must of course be as huge as the number of such players who wish to remain anonymous. 
These are exactly hundreds of millions of players from different countries and continents!!!

For me casinos asking for KYC requirements is not a difficult thing for me to do and I will be happy to make KYC.
But not all casinos, I only register and play at trusted casinos and already have a good reputation and are known by many gamblers around the world.
If some of the casinos I use ask for KYC when depositing or withdrawing large amounts, I won't hesitate to give it because I myself have confidence and trust the casino so it doesn't make me think that the casino will use my personal data to take actions that are not wanted.
But it seems more gamblers like casinos without KYC and it's their choice and passion so we shouldn't think about it too much.

Also, if you still want to use that decentralized casino, you have to install one other wallet that you only use to gamble in that casino.
You can get security as long as you are connected to the casino and do not have to worry if the wallet is hacked one day because you don't have any of your other money.
That way, you can save all your assets or money in your main wallet so there will be no problem.
But the casino must really be able to prove that their casino is really safe from hacking and they can protect the casino from various attacks that might come later.

^ Decentralized casino or no KYC is very attractive to gamblers that want to hide their privacy for their own purpose and I also like this idea. Yes, they are using smart contracts when you want to gamble, there is no need to deposit and all you have to do is connect your wallet. Now, you are worried about that fishing site, you can simply bookmark the gambling website so that it is easy for you to look back, and use a dummy wallet account when you want to connect to the casino, not your main wallet. In that way, you can protect your wallet form possible phishing sites.