KYC procedure in online casinos does more good than bad or the other way around?

Capt00

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Quote from: kennen1113 on July 10, 2019, 04:53:04 AM

Quote from: Spaffin on July 08, 2019, 12:03:08 PM

In my opinion, the provision of passport data has always met with negative resistance from users of cryptocurrency. Nobody wanted to provide KYC not only for the trading exchange when registering, but also when investing in new projects. Based on this, I can assume that such a negative attitude of players is relative KYC in an online casino.

KYC is always a problem here, it is very sensitive in the crypto world when everything around crypto is related to law and all properties in crypto are protected with KYC information, the use of KYC is always encouraged to use in a limited way, rather than a popular offering. So online casinos asking KYC is unnecessary when most people just want to entertain and if they are lucky, they can earn some rewards from it, KYC procedure create too much pressure and risk for players, the casino should only ask KYC for players with large amounts of money, it would be more appropriate

I don't think it is a problem if we are doing this for the seek that it will give us security cause mostly we are thinking that they'll use it for illegal activities.
What we are looking now is that we can gamble without the hassle of KYC submission. But of course, we have that option to take and it is in our decision if we do it or find another.

kennen1113

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Quote from: Spaffin on July 08, 2019, 12:03:08 PM

In my opinion, the provision of passport data has always met with negative resistance from users of cryptocurrency. Nobody wanted to provide KYC not only for the trading exchange when registering, but also when investing in new projects. Based on this, I can assume that such a negative attitude of players is relative KYC in an online casino.

KYC is always a problem here, it is very sensitive in the crypto world when everything around crypto is related to law and all properties in crypto are protected with KYC information, the use of KYC is always encouraged to use in a limited way, rather than a popular offering. So online casinos asking KYC is unnecessary when most people just want to entertain and if they are lucky, they can earn some rewards from it, KYC procedure create too much pressure and risk for players, the casino should only ask KYC for players with large amounts of money, it would be more appropriate

Japinat

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Quote from: imstillthebest on July 10, 2019, 03:14:59 AM

you can because there are gambling sites that do not ask for sign up rather they provide auto generated names . you can use those to login instantly and play the game directly without any hassel .

Most gamblers want that and we can do that if the casinos are not regulated, good for both the casino and the gamblers although the risk is on our part.
Unregulated casinos operates through their reputation only, and they can enjoy their profit as they are not paying tax on anything, the only risk from us is if the gambling site will go dark and scam us, we have no option but to accept our loses and move on.

imstillthebest

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Quote from: lienfaye on July 10, 2019, 03:04:06 AM

I prefer not to pass my personal info just to gamble especially in crypto related casinos. There are plenty of sites not enforcing kyc so if you want to remain anonymous you have an option.

you can because there are gambling sites that do not ask for sign up rather they provide auto generated names . you can use those to login instantly and play the game directly without any hassel .

Quote

Kyc might have an advantage for owners/gamblers to protect them incase something went wrong to their account but it should be not mandatory.

it should be mandatory if this is the only way to help thier site . kyc is not only beneficial for them but its also beneficial for thier costumers becuase when we do kyc our accounts limit will increase or will become permanently unlimited .

lienfaye

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I prefer not to pass my personal info just to gamble especially in crypto related casinos.

There are plenty of sites not enforcing kyc so if you want to remain anonymous you have an option.

Kyc might have an advantage for owners/gamblers to protect them incase something went wrong to their account but it should be not mandatory.

maydna

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Quote from: Spaffin on July 10, 2019, 02:01:57 AM

Customer disputes with online casinos very often appear, and if it’s still a big win in Sumy, then you can solve this problem with the help of lawyers. If there are specific names that are documented, then this dispute can be resolved much easier.

I think not all lawyers can help him because only a few lawyers that understand and know about cryptocurrency. Besides that, the customer will think twice to do KYC and if they think that it is important to KYC, then they will do it as soon as possible. But for the gambling games, we know that many gamblers avoid the gambling website which applied KYC because, for them, that is not too important. They don't have any reason to KYC as they only want to play gambling in their spare time.

Spaffin

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Customer disputes with online casinos very often appear, and if it’s still a big win in Sumy, then you can solve this problem with the help of lawyers. If there are specific names that are documented, then this dispute can be resolved much easier.

torry28

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Quote from: ice18 on July 08, 2019, 09:48:29 AM

Can we really trust our private info into online casinos?

Let say you are gambling on one of trusted gambling sites (it's either Primedice, Bitsler, Yolodice, Bitdice, Stake), after you won some amount and you decided to withdraw your money, but you have told to pass KYC first before you can withdraw your money, What will you do? That's why there is no 100% right answer about this.

onrise

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Quote from: ice18 on July 08, 2019, 09:48:29 AM

I understand that in many bitcoin investments like ICO or IEO we need to passed KYC as mandated by every jurisdictions but I dont understand why we should also passed KYC procedures with this casinos thats totally an abuse to our data privacy does this mean they are collecting data about users of this casinos it should be private and we must protect it from data breach if something happens to this casino sites my only question is Can we really trust our private info into online casinos?

This is the case like FB which had all the data and had sold out data to their party and made money on our behalf . Also they did not even compensated the users whose data was leaked . And same could be the scenario here as well and thus people now avoid anything where KYC comes in .

Moiyah

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Quote from: proTECH77 on July 05, 2019, 07:57:21 AM

Quote from: Jjewelle29 on June 21, 2019, 09:38:36 AM

I think many don't want KYC on gambling because of personal detail its sounds not safe to be known the details of gamblers, and some KYC need more time to approve so, they don't want to wait and they dont want a hassle thing will happened.

Most of these KYC accepting gambling platform's are not just going to deraile your sincere submission of your KYC but will eventually sell out your KYC, which is more reason gamblers online avoid them by all means because they cannot be trusted for a second. Personally I wouldn't gamble on a platform that require KYC before deposit or after deposit.

At some point yes there are unreputable gambling sites that requires KYC and used that KYC in unnecessary actions like selling off our identity. But I believe some established and reputable exchange has implemented the right KYC rules or even to disregard KYC in depositing and withdrawing funds/profits. Even I myself disappointed and will prevent any gambling sites that are requiring KYC procedures before withdrawing profits or capital. Well, some gamblers doesn't care with KYC thing but I do.

Spaffin

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In my opinion, the provision of passport data has always met with negative resistance from users of cryptocurrency. Nobody wanted to provide KYC not only for the trading exchange when registering, but also when investing in new projects. Based on this, I can assume that such a negative attitude of players is relative KYC in an online casino.

michellee

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Quote from: finaleshot2016 on July 07, 2019, 12:39:23 PM

Quote from: proTECH77 on July 05, 2019, 07:57:21 AM

Quote from: Jjewelle29 on June 21, 2019, 09:38:36 AM

I think many don't want KYC on gambling because of personal detail its sounds not safe to be known the details of gamblers, and some KYC need more time to approve so, they don't want to wait and they dont want a hassle thing will happened.

Most of these KYC accepting gambling platform's are not just going to deraile your sincere submission of your KYC but will eventually sell out your KYC, which is more reason gamblers online avoid them by all means because they cannot be trusted for a second. Personally I wouldn't gamble on a platform that require KYC before deposit or after deposit.

It can be used in blackmail too if you have a lot of winnings in their platform. Those devs will easily control their participants in case there's a bankruptcy happened because the user is good at the game and keep winning. I hate platform that has KYC because there's a lot of fraud happening right now especially on the internet.

That is the bad things that could happen. The devs can pretend to be another person who knows that we are making a lot of money by winning the games on their site. They are trying to blackmail us, and if we do not obey them, our data will be sent to the black market, and another bad thing will happen. We need to be careful to send any personal document to another third party because once our data is stolen, then we cannot do anything.

ice18

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I understand that in many bitcoin investments like ICO or IEO we need to passed KYC as mandated by every jurisdictions but I dont understand why we should also passed KYC procedures with this casinos thats totally an abuse to our data privacy does this mean they are collecting data about users of this casinos it should be private and we must protect it from data breach if something happens to this casino sites my only question is Can we really trust our private info into online casinos?

iv4n

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Quote from: Johnzky on July 08, 2019, 03:56:10 AM

For me if the KYC is required and been updating for the players and being there from the start I think this is good to protect the players though sometimes this has been used to take advantages for others

I know this is against the anonymity of cryptonians

KYC is one big shit! Casino doesn`t protect you with KYC, they protect themselves. I promise myself that I will never gamble again in fiat casino or any casino that asks for KYC. I feel protected only when I have control of my coins, it`s when I have my coins in wallet with private keys, when I deposit I wish that to be instant, same like when I withdraw. Until now, and I gamble with crypto more than 4 years, with fiat even longer, only tron is fast enough and with tron live your deposits and withdraws are instant.

Johnzky

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For me if the KYC is required and been updating for the players and being there from the start I think this is good to protect the players though sometimes this has been used to take advantages for others

I know this is against the anonymity of cryptonians

Rufsilf

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Quote from: proTECH77 on July 05, 2019, 07:57:21 AM

Quote from: Jjewelle29 on June 21, 2019, 09:38:36 AM

I think many don't want KYC on gambling because of personal detail its sounds not safe to be known the details of gamblers, and some KYC need more time to approve so, they don't want to wait and they dont want a hassle thing will happened.

Most of these KYC accepting gambling platform's are not just going to deraile your sincere submission of your KYC but will eventually sell out your KYC, which is more reason gamblers online avoid them by all means because they cannot be trusted for a second. Personally I wouldn't gamble on a platform that require KYC before deposit or after deposit.

I don't think all cannot be trusted it's just that it is very risky because the site can be hacked, so if the sites system will be hacked then they can get the information for KYC which scammer can use to scam other people, that is why most gamblers don't like KYC. Though it is good for added security but it has risk of being exposed if the site security isn't that strong.

Maslate

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Quote from: onrise on July 07, 2019, 01:40:33 AM

KYC done to any site or anywhere if it is not registered by the authority or by the government could be harmful as you might not know where those data could be misuse and how it can effect you. So people do not prefer to use such types of sites where KYC is required.

Yes, there might be some sort of security breaches when this KYC will invade your personal privacy as a person. We don't know what lies behind this registration, it might be used against you in the future. Online gambling casinos shouldn't b requiring that kind of customer transparency of identity , because all gamblers wanted to anonymous.

Supposedly it should be, but as I observed now there is a huge numbers of gambling site are requiring KYC upon registration and it is our call to decide of giving our personal identities or skip. And the fact that they require KYC, we have no choice but to follow if we wanted to be. But anyway, they aren't forcing us to join with, its still depending on our decision.

Best Dreams

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Quote from: onrise on July 07, 2019, 01:40:33 AM

KYC done to any site or anywhere if it is not registered by the authority or by the government could be harmful as you might not know where those data could be misuse and how it can effect you. So people do not prefer to use such types of sites where KYC is required.

Agree, it is not good to get in something anonymous because anyone can scam on you, there are so many people who are only in search of people who can take advantage of other peoples innocence and then get vanish so make sure if you are investing the site must need KYC and is athoritiezed from government of the area because it is safe.

RivAngE

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Quote from: Questat on July 05, 2019, 08:50:19 AM

Quote from: proTECH77 on July 05, 2019, 07:57:21 AM

Quote from: Jjewelle29 on June 21, 2019, 09:38:36 AM

I think many don't want KYC on gambling because of personal detail its sounds not safe to be known the details of gamblers, and some KYC need more time to approve so, they don't want to wait and they dont want a hassle thing will happened.

Most of these KYC accepting gambling platform's are not just going to deraile your sincere submission of your KYC but will eventually sell out your KYC, which is more reason gamblers online avoid them by all means because they cannot be trusted for a second. Personally I wouldn't gamble on a platform that require KYC before deposit or after deposit.

But most reputable gambling sites now require KYC now, and possibly the others will follow. It's a life-changing with gambling if they all require KYC, we have no choice but to follow their rules or stay away from online gambling. Anyway, we have that offline casino where we can still gamble. This won't be a big problem for us and not a big issue to take seriously.

777coin doesn't require any KYC and I don't see why every gambling site should end uo requiring one.
There might be countries that require it, sure, but there are probably some who don't care. There might even comes a time when everywhere it's necessary to have KYC and they IP block sites that do not require, but this doesn't mean there are no way around it.

PirateBay and the likes of it have been targeted multiple times for example, yet many of them continue to operate just fine.

joshy23

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Quote from: finaleshot2016 on July 07, 2019, 12:39:23 PM

Quote from: proTECH77 on July 05, 2019, 07:57:21 AM

Quote from: Jjewelle29 on June 21, 2019, 09:38:36 AM

I think many don't want KYC on gambling because of personal detail its sounds not safe to be known the details of gamblers, and some KYC need more time to approve so, they don't want to wait and they dont want a hassle thing will happened.

Most of these KYC accepting gambling platform's are not just going to deraile your sincere submission of your KYC but will eventually sell out your KYC, which is more reason gamblers online avoid them by all means because they cannot be trusted for a second. Personally I wouldn't gamble on a platform that require KYC before deposit or after deposit.

It can be used in blackmail too if you have a lot of winnings in their platform. Those devs will easily control their participants in case there's a bankruptcy happened because the user is good at the game and keep winning. I hate platform that has KYC because there's a lot of fraud happening right now especially on the internet.

Consider that too, it can be used to do some bad things if ever you win big amount, the site who's asking for your information can delayed your
withdrawals asking for things which should not be bothered being ask but you don't have choose but to follow.

Topic: KYC procedure in online casinos does more good than bad or the other way around? (Read 2089 times)