Giving any identity on the internet is very risky for what I've known there are I think 3 kinds of KYC it's level 1, level 2 and level 3. The level 1 asks you to a email confirmation and from here, The level 2 will asks you for a picture of your passport, driver license and other valid ID's and the level 3.... I forgot it.
Well for me I don't think it's necessary to give a KYC to online casinos if you can play by just validating the level 1, we are not sure what are they going to do with our information. Well there's a good and bad perspective here... the good perspective is that the casino wants to know your identity to know your credibility to gambling and not using any money to launder the other one they just want your identity to use it in illegal ways.
Topic: KYC procedure in online casinos does more good than bad or the other way around? - page 11. (Read 2176 times)
March 17, 2019, 09:54:19 PM
March 17, 2019, 05:08:56 PM
Absolutely do not agree if KYC is required in online casinos, for some reason it feels very hard to provide personal identities for online casinos even though they have good reasons such as preventing money laundering, cheating, etc. If KYC is a procedure that is required in every type of online business, I don't think that is at all interesting because online, on the other hand, it will no longer be anonymous, so many people like it so far.
March 17, 2019, 05:02:17 PM
Main thing KYC should do is standardise the information required to pass. Thats the biggest problem at present that its arbitrary and seen as a moving hurdle for people especially to obstruct withdrawals after the fact, unfortunately that can happen and it shouldnt if the customer experience is the priority
March 17, 2019, 04:59:01 PM
I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?
I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
I accept using KYC will always being safe and secure because the process is more complicated but the result is more successful if you do have any problems with your transaction it will helpful for you to find it very easily and it is the way to get a better camera so I always support this. I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
March 17, 2019, 04:52:47 PM
I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?
I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
KYC into those casinos which are most likely involved with Fiat and i barely see crypto casinos that do ask out KYC unless on some circumstances for further verifications.I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
It does really give some assurance when it comes to security but asking it out on gambling space isnt really relevant at all thats why crypto gambling do boom up because
of easy accessibility and anonymity.
asked by crypto casinos when they find out that you have violated their terms or any other verification with big winnings.
March 17, 2019, 04:37:25 PM
I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?
I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
KYC is not bad if the online casino is legit and has a high trust rate. It will only mean they want some securities from themselves and their customer. Its just normal and you can give them yours if you want. Then maybe theres this fraud gambling sites which exploits peoples information thats why they have negative reviews about it
March 17, 2019, 02:15:03 PM
I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?
I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
KYC verification new created for a good use only and it will be more useful father process of gambling very easily so I don't think it is a negative one you will definitely make the KYC method more easier in the future but the field of gambling will need to allow that. I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
March 17, 2019, 11:47:30 AM
I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?
I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
KYC into those casinos which are most likely involved with Fiat and i barely see crypto casinos that do ask out KYC unless on some circumstances for further verifications.I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
It does really give some assurance when it comes to security but asking it out on gambling space isnt really relevant at all thats why crypto gambling do boom up because
of easy accessibility and anonymity.
March 17, 2019, 10:33:42 AM
I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?
I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
KYC into those casinos which are most likely involved with Fiat and i barely see crypto casinos that do ask out KYC unless on some circumstances for further verifications.I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
It does really give some assurance when it comes to security but asking it out on gambling space isnt really relevant at all thats why crypto gambling do boom up because
of easy accessibility and anonymity.
March 17, 2019, 10:11:06 AM
I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
I am not against casinos or gambling sites asking you to verify everything before playing, it is transparent and you have the option to find another one before playing, but some sites ask for these documents once you win some money and they will find a way to void the payment citing different terms and conditions cited in small letters after depositing your money which is unacceptable. 
March 17, 2019, 09:47:56 AM
If me usually i agree with KYC, but only in trading sites. In casino, especially if in my country any gambling is illegal. It will be bad if i do KYC In casino sites. Because i want to stay anonym in gambling activity and not want anyone know who i am.
March 17, 2019, 09:08:35 AM
Before i really against kyc but after all i learn all about why kyc requireing especially if the transaction is bery expensive.
One of the most important kyc requirement useful is to avoid crypto currency to use in bad activities like terrorist I think gambling site also asking kyc because they want to follow the rules of government for anti money laundering law.
One of the most important kyc requirement useful is to avoid crypto currency to use in bad activities like terrorist I think gambling site also asking kyc because they want to follow the rules of government for anti money laundering law.
March 17, 2019, 08:16:29 AM
Gambling is one activity to have fun, why we need to fill KYC just to get fun of that? Maybe KYC can be applied for gamblers who use more than $100k to play, but I am sure that there are a lot of people who play in less than $100k and they only want to play any gambling games and want to have fun with the game.
But for crypto gambling games which is we could play as anonymous, I don't think the gamblers want to fill KYC but as I said before it could be applied for gamblers who use more than 1000 btc because it will look suspicious if someone uses 1000 btc to gamble or he is very addicted to gambling.
But for crypto gambling games which is we could play as anonymous, I don't think the gamblers want to fill KYC but as I said before it could be applied for gamblers who use more than 1000 btc because it will look suspicious if someone uses 1000 btc to gamble or he is very addicted to gambling.
I agree with you, i usually playing in online casino because its anonymous. I hate when i want to withdraw then some casino ask my ID. I want stay anonymous in online casino.
More than a year ago i just have 0.2 btc balance winning from little amount of my deposit when i want to withdraw they ask me KYC, i just cancel my withdrawal request and play with that amount until bust all money and never back to that casino.
March 17, 2019, 07:48:01 AM
Gambling is one activity to have fun, why we need to fill KYC just to get fun of that? Maybe KYC can be applied for gamblers who use more than $100k to play, but I am sure that there are a lot of people who play in less than $100k and they only want to play any gambling games and want to have fun with the game.
But for crypto gambling games which is we could play as anonymous, I don't think the gamblers want to fill KYC but as I said before it could be applied for gamblers who use more than 1000 btc because it will look suspicious if someone uses 1000 btc to gamble or he is very addicted to gambling.
But for crypto gambling games which is we could play as anonymous, I don't think the gamblers want to fill KYC but as I said before it could be applied for gamblers who use more than 1000 btc because it will look suspicious if someone uses 1000 btc to gamble or he is very addicted to gambling.
March 17, 2019, 12:56:53 AM
One thing I wanted online gambling is because they don't have a KYC and I guess others want it too. If ever the site where I play requires KYC then I had to leave and find another reputable one that doesn't have KYC. Like what you have said it's very hassle and the fear of your information getting exploited.
March 16, 2019, 09:29:50 PM
Online casino and money laundering.
It is real and it happens. But how about our privacy?
What if I just dont want my wife to see that I am spending money to just gamble my way until I am totally broke?
I mean I have my own reasons for it.
Do you really want someone else to know that you are a gambler? I just want it to be kept for myself.
Better just help the authorities by telling them if you see one who does it.
But still at the end it should not be a mandatory to play bets requiring information about the player.
It is real and it happens. But how about our privacy?
What if I just dont want my wife to see that I am spending money to just gamble my way until I am totally broke?
I mean I have my own reasons for it.
Do you really want someone else to know that you are a gambler? I just want it to be kept for myself.
Better just help the authorities by telling them if you see one who does it.
But still at the end it should not be a mandatory to play bets requiring information about the player.
if you want to live privately then best solution is to not just gamble. otherwise if you really wanted to gamble then you should make sure that everything is good so you will not be having problem. Legal gambling sites or casinos cannot do anything about it when the local government unit is requiring them to have their KYC policy.
Yet if you persist then you will go down below the standard process which is also risky lol
March 16, 2019, 09:12:25 PM
I don't like KYC, I like to have a complete freedom in online gambling.
Without KYC we can enjoy more as we are playing anonymously, so I believe that crypto gambling should not require KYC as that is only for fiat gambling.
That was a best rule before, but now we are slowly seeing some gambling sites already ask for your KYC. I also don’t want to expose my identity but if i see a great gambling site that is collecting KYC, i will still choose to play. Casinos also asking for your identity, especially those who have an online system where you will just use card as a cash.Without KYC we can enjoy more as we are playing anonymously, so I believe that crypto gambling should not require KYC as that is only for fiat gambling.
March 16, 2019, 06:58:13 PM
That was a best rule before, but now we are slowly seeing some gambling sites already ask for your KYC. I also don’t want to expose my identity but if i see a great gambling site that is collecting KYC, i will still choose to play. Casinos also asking for your identity, especially those who have an online system where you will just use card as a cash.
I am another person who wouldn't do an identity confirmation in an online casino. You don't really know how they are handling that information or if they will do it right so you have to trust like with everything.
This days information is a really valuable asset. It sells very well in bulk.
March 16, 2019, 05:16:06 PM
In my opinion, KYC, law enforcement, and the casino's reputation are closely related. I might feel okay if companies like Caesars, MGM, etc., need KYC, but surely not for random anonymous bitcoin casino.
Why? Because for reputable and legal companies, there is no (or little) probability that my KYC data would be misused.
Why? Because for reputable and legal companies, there is no (or little) probability that my KYC data would be misused.
So you're not afraid of giving away your data to companies as long as they are big? So thought the users of many Internet communicators and portals like Facebook.
The size of the company doesn't change much. It will only be more convenient for you to find and sue them but your data will be lost anyway.
KYC always sucks.
March 16, 2019, 03:42:13 PM
KYC on crypto gambling site is not good for me, because gamblers want to remain anonymous and if there’s a KYC on any gambling site i think its not a good site for a gamblers. Remember that many gambling site don’t ask for any KYC so i think it will be the choice of the gambler.
I don't totally agree with you. Most of the crypto gambling sites require KYC only for certain levels like the high rollers or users with higher withdrawal requests. Because if the casino is legit and doing their business in legal ways, they need to follow the anti-money laundering law or they are following the rules under their area of jurisdiction. But I will start to doubt a casino asking for your KYC docs even if you are depositing or withdrawing small amount of money. There might be some shady stuff going on there.
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