Correct! Although for example our data is currently used for good purposes, but who knows if in the future people who have access to the database will use it for other things for their own benefit. Once we send our identity, fear will still haunt especially for those who live in areas where gambling is prohibited.
Crypto, for me is synonymous with anonymous so why their is no point on giving up our KYC on online gambling casinos. This might be use for illegal activities in the future if their casino will shut down. We seldom see online casinos asking for KYC by the way as they all know that customers will stay away from them. 
Topic: KYC procedure in online casinos does more good than bad or the other way around? - page 3. (Read 2153 times)
July 02, 2019, 04:25:12 AM
July 02, 2019, 03:02:29 AM
As long as the website is trusted and operating for years and has a good reputation, why not? I know that it is a hassle for some user to do KYC but I guess it's for safety reasons as well that it will never be exploited by abuser, cheater, or by worst to criminals or terrorist.
There is the words, "as long as"I want KYC procedures because I am not a criminal to hide my personality. But due to the fact that owners as well as scammers can use our identity to front or to make it as victim of exploitation then it can harm us. Yes, it good to have KYC as long as it will be used in good things or for customers identity only. But as long as it will use as a subject for crime, it is also a danger for the users.
But it is better to stay away from the gambling site which uses KYC for their member because we don't want to see they can use our identification for illegal things. We want to feel safe on the internet, and when we are playing gambling, we want to enjoy and have fun with any games.
That is why the reason of many gamblers to stay away from the gambling website and the KYC. They feel safe when they connect to the internet without sending any document, especially for playing gambling.
Correct! Although for example our data is currently used for good purposes, but who knows if in the future people who have access to the database will use it for other things for their own benefit. Once we send our identity, fear will still haunt especially for those who live in areas where gambling is prohibited.
June 28, 2019, 02:15:36 AM
Its a double edged sword, maybe for now most of us see that its bad because most of us are here to be anonymous, we don't want to be known but if we look at the current trend in online casinos, they are starting to add functions to exchange from BTC to ETH and to other coins. If the government where that casino is registered started to be strict, they might ask casinos to implement it or bust.
so you are saying that they are adding a kyc because that is a new function just like when they add new coins on thier gambling site ? kyc is not a function because its not mandatory for every gamblers rather its only required when a gambler wants to increase its limits ( ex. if he want to deposit or withdraw huge amount of btc in his account ) that is to know if he is legit or a fraudster .
they ask kyc so that they can trace those criminal if ever they get away with the huge amount of money .
June 27, 2019, 05:36:39 PM
Its a double edged sword, maybe for now most of us see that its bad because most of us are here to be anonymous, we don't want to be known but if we look at the current trend in online casinos, they are starting to add functions to exchange from BTC to ETH and to other coins. If the government where that casino is registered started to be strict, they might ask casinos to implement it or bust.
June 27, 2019, 05:23:44 PM
I rechecked. The link is perfectly working on my end. Country restriction maybe? Try the naked url: https://www.bestbitcoinslots.com/news/4-reasons-crypto-players-skip-casinos-with-kyc/. If it still doesn't work, use VPN, maybe?
Yes, maybe it is about a country restriction. I will try to use VPN to open it since it still cannot be opened till now.
Anyway, it seems interesting to read, so I will try to access it to read more / deeply.
Thank you mate.
June 26, 2019, 09:06:43 PM
~snip~ and was able to come up with an article: 4 Reasons Crypto Players Skip KYC Casinos
The link cannot be opened, please recheck. I doubt something wrong with the site or you made a mistake in writing the link.
I rechecked. The link is perfectly working on my end. Country restriction maybe? Try the naked url: https://www.bestbitcoinslots.com/news/4-reasons-crypto-players-skip-casinos-with-kyc/. If it still doesn't work, use VPN, maybe?
June 26, 2019, 06:00:26 PM
~snip~ and was able to come up with an article: 4 Reasons Crypto Players Skip KYC Casinos
The link cannot be opened, please recheck. I doubt something wrong with the site or you made a mistake in writing the link.
As long as the website is trusted and operating for years and has a good reputation, why not?
Yes, indeed. We shouldn't be too afraid if it is a trusted site and has been approved professionally.
We can see from the reviews of the everybody that has proven their KYC into the sites. Additionally, it may be simpler than other KYC processes. However, we must also be careful when going to submit the KYC process and we must understand first by analyzing and researching the sites.
June 25, 2019, 01:37:47 PM
I have repeatedly expressed my opinion that passport data for online casinos are not needed at all. What is the difference who and where takes the means for gambling. Gambling can not be as money laundering or receiving illegal conclusions, that is, bribes. Based on this, the control of gambling should be in a different format, and not control the gamblers.
June 24, 2019, 11:13:39 PM
As long as the website is trusted and operating for years and has a good reputation, why not? I know that it is a hassle for some user to do KYC but I guess it's for safety reasons as well that it will never be exploited by abuser, cheater, or by worst to criminals or terrorist.
There is the words, "as long as"I want KYC procedures because I am not a criminal to hide my personality. But due to the fact that owners as well as scammers can use our identity to front or to make it as victim of exploitation then it can harm us. Yes, it good to have KYC as long as it will be used in good things or for customers identity only. But as long as it will use as a subject for crime, it is also a danger for the users.
But it is better to stay away from the gambling site which uses KYC for their member because we don't want to see they can use our identification for illegal things. We want to feel safe on the internet, and when we are playing gambling, we want to enjoy and have fun with any games.
That is why the reason of many gamblers to stay away from the gambling website and the KYC. They feel safe when they connect to the internet without sending any document, especially for playing gambling.
June 24, 2019, 08:36:58 PM
As long as the website is trusted and operating for years and has a good reputation, why not? I know that it is a hassle for some user to do KYC but I guess it's for safety reasons as well that it will never be exploited by abuser, cheater, or by worst to criminals or terrorist.
There is the words, "as long as"I want KYC procedures because I am not a criminal to hide my personality. But due to the fact that owners as well as scammers can use our identity to front or to make it as victim of exploitation then it can harm us. Yes, it good to have KYC as long as it will be used in good things or for customers identity only. But as long as it will use as a subject for crime, it is also a danger for the users.
In my opinion, there is only one solution for this. The KYC verification must be done by an independent third party (licensed by the government authorities), and not by the online casino owners. In this way, we can prevent the misuse of the ID documents. Why there is a need to send the documents to the casino owners, when it can be done in a much more safer manner?
June 24, 2019, 06:16:29 PM
As long as the website is trusted and operating for years and has a good reputation, why not? I know that it is a hassle for some user to do KYC but I guess it's for safety reasons as well that it will never be exploited by abuser, cheater, or by worst to criminals or terrorist.
There is the words, "as long as"I want KYC procedures because I am not a criminal to hide my personality. But due to the fact that owners as well as scammers can use our identity to front or to make it as victim of exploitation then it can harm us. Yes, it good to have KYC as long as it will be used in good things or for customers identity only. But as long as it will use as a subject for crime, it is also a danger for the users.
June 24, 2019, 04:20:38 PM
There should be an option, you will not go through KYC, as long as you are not going to withdraw a very huge amount, and the players should know that so he can control his withdrawal and playing time, but they should also offer more perks and premium to players who want to do KYC.
Just like the option that Binance allows for the users that don't want to pass on their KYC. They limit up to 2 BTC amount of withdrawal but that's not how the casino regulations work, they have their own way of implementing KYC.The only option that you can do is not to use them or follow their regulation if you want to pursue your withdrawal. You can pass on to their KYC and once you have your money, you can now have the option to stop using them.
June 24, 2019, 01:47:48 PM
It seems to me that the requirements to provide passport data from investors and traders give a certain degree of security in the international format so that attackers could not use the activity on the cryptocurrency market for their criminal purposes. But if we talk about KYC for gamblers, here in my opinion there is no danger and it definitely makes sense to pass passport control on. Online casinos will only scare away gambling cryptocurrency users from their gaming resource.
June 24, 2019, 05:26:52 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.
I combined most of the responses of those who don't approve of the KYC process in casinos and was able to come up with an article: 4 Reasons Crypto Players Skip KYC Casinos
Also, here's another bitcointalk thread focused on those reasons: https://bitcointalk.org/index.php?topic=5136360.0;all
We can't really tell but one thing I do know for sure is that Bitcoin was made to be anonymous and if any casino wants to be allowing their players to bet with Bitcoin, I think they should allow those people an option to remain anonymous if that's what they would like to do. There's no point in forcing people to give up their info when you' already know what cryptocurrency is all about. It's only those that wants to be receiving their payment through banks and methods similar to that should be doing KYC as a must. I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.
I combined most of the responses of those who don't approve of the KYC process in casinos and was able to come up with an article: 4 Reasons Crypto Players Skip KYC Casinos
Also, here's another bitcointalk thread focused on those reasons: https://bitcointalk.org/index.php?topic=5136360.0;all
June 23, 2019, 07:07:01 AM
same here . i dont also gamble on site that requires a kyc/aml because the main reason why i use crypto is because of anonimity . i dont want to publicitize my identity not even on a gambling site that requires registration and i also hide my ip address but like you , im not totally against kyc's . i like the agenda of kyc .
Indeed, you were right. I also don't want gambling site that having KYC, feels like I don't want to expose my personal data on the gambling industry. People now are always hesitated to pass KYC due to recently a lot of projects are almost scam, so as much as we have to avoid that KYC we will do. Well, for me it is a bad idea that the gambling industry will implement KYC because gambling is not an investment just like ICOs.Gambling is not regularized so there is no point in getting kyc from the gamblers. Most gamblers do not go in physical casino and prefer online casino because they do not want to disclose their identity. If sites will demand kyc, many gamblers will move to other sites which do not ask for gambling. There are unlimited number of gambling sites so even if few ask for kyc, we can skip them.
June 23, 2019, 06:31:37 AM
KYC procedure is necessary for fiat based gambling sites in order to provide info when authorities suspect of money laundering as many people have used casinos to whiten their black money. In case of crypto, crypto currency are just tokens that are traded in and out of fiat so when they are monitoring fiat, they don't need to monitor crypto. They are just like chips in casino.
June 23, 2019, 05:48:13 AM
There should be an option, you will not go through KYC, as long as you are not going to withdraw a very huge amount, and the players should know that so he can control his withdrawal and playing time, but they should also offer more perks and premium to players who want to do KYC.
June 22, 2019, 10:19:49 PM
Not only gambling , all the crypto platform businesses are looking for the non KYC option go get involved. We are not at all safe because of thatt pulling stealers and hackers.
We need to choose the good gambling without kyc. There are plenty of good site without kyc verification then why we need to choose others.
We need to choose the good gambling without kyc. There are plenty of good site without kyc verification then why we need to choose others.
thats right, kyc can be seen in other crypto platforms other than gambling sites. i guess accomplishing kyc depends entirely on the player.
no one is forcing him to send his personal docs so one cant blame any site if something goes wrong along the way
make sure that once you fulfil the requirements, you know the risks involved. pretty simple...
If the site can be trustable, we are no problem to send any document to them. Right now, there is hard to search the trustable site because we see many new sites which says that they can protect the customer data. We need to know how good they are so we don't have to worry about sending the document to them. As long as we can search and get good reviews from the site, we can send the documents to them. Yes, we need to know the risk by sending those documents because once the documents are on the internet, we will become vulnerable to be the victims.
I have nothing against KYC agenda but as long as gambling is being played online and with involvement of crypto gambling, it will ways be difficult to convince gamblers on KYC because what crypto stands for is anonymity and tis shouldn’t be compromised, I will never see myself gambling on a kyc regulated site.
That is what I am thinking so far. With the KYC, they have our identity, and they can use it for everything, and besides that, the casino sites can be the next target of hacking. We don't know how they can protect their site from the hacking because everything on the internet can be vulnerable.
I guess many gamblers will agree to choose the gambling site without needed KYC because they want to protect their identity and they don't want to be the target. We are glad that with cryptocurrency, we can save our identity from the hacking because we don't have to send any document to the site. That is one of the advantages of cryptocurrency which we can get it, and the gamblers can feel safe.
June 21, 2019, 08:56:01 AM
As long as the website is trusted and operating for years and has a good reputation, why not? I know that it is a hassle for some user to do KYC but I guess it's for safety reasons as well that it will never be exploited by abuser, cheater, or by worst to criminals or terrorist.
Correct, let us just think of the safety of our assets, if the side has good reviews then I think it is something that we can entrust our identities with, for me it is better safe that feel sorry in the end. Having KYC is good in the sense that if something bad or unlawful happened then they can easily locate the person involved.
June 21, 2019, 08:38:36 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.
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