KYC procedure in online casinos does more good than bad or the other way around? - page 5.

guoyu78

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Quote from: rachman mahesa on June 10, 2019, 05:35:07 AM

KYC procedure in playing gambling seems like a lot of people don't like it, including me personally. Because according to many KYC people it is certainly very disturbing to do it just want to play gambling. So if there are gambling sites that have to do kyc in order to play, of course I will never play there.

I think people are really not getting the whole concept of KC and every policy they want to draft after creating a company, they want to include KYC in it which they implement without thinking deeply if such requirement is necessary or not.

The main reason for KYC is guide against the use of fund illegally and also to guide against money laundering, in the case of gambling, I don’t think there can be any case of such, and even if they have to know brief details about their clients, I think the little registration form is more than enough for such.

I am sure very soon, the way people are beginning to really discourage KYC, many company including gambling sites will eventually stop implementing it.

omonuyak

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I preferred kyc should be enable in all casino sites and that will bring confidence to both players and casinos sites owner. We have laws in many countries that support kyc and it is better for casinos sites to keep those laws in other to remain in business. I am not going to be against kyc also as a player because I don't want to start hearing stories when I desired to cash out.

Capt00

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Quote from: Vishnu.Reang on June 11, 2019, 10:54:03 AM

Most of the gamblers don't have any issues in paying taxes on their profits. But the problem here is that gambling is a grey area, and no one knows when the authorities will use some loophole to frame you. So avoiding the KYC is not a method to avoid paying taxes. On the other hand, it can be an attempt to hide your involvement in gambling.

Submitting KYC is not a problem if we only know what would be the reason of being required. Submitting into unknown personality will something be a big deal and it for sure gambler won't do it, otherwise it compromise ourself in the future.
I don't think that submitting our real identy will lead into paying taxes cause it is not the government are asking for this but only a separate party and still can be out of their control(government authorities).

Vishnu.Reang

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Most of the gamblers don't have any issues in paying taxes on their profits. But the problem here is that gambling is a grey area, and no one knows when the authorities will use some loophole to frame you. So avoiding the KYC is not a method to avoid paying taxes. On the other hand, it can be an attempt to hide your involvement in gambling.

Rufsilf

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Quote from: jhonjhon on June 11, 2019, 10:39:38 AM

I’m in favor of KYC for online casinos because it will make me feel secure to know that the members/players of that site are verified. Aside from that, with their information on the system if someone will do something that is fraud or against the rule then it is easy to identify unlike if no verification is done it is very hard to trace.

Good point but it is also important to make sure that the site we are dealing with is not a scam or fraud because it’s your information that is at stake. Most exchanges or platforms have KYC nowadays and I think it’s good because it can help lessen fraud transactions and can easily be traced, however, one downside could be that fraudsters can still falsify ids just for them to get verified so it is still a must to be very keen and careful who are we talking or dealing with for the security of our coins and information.

jhonjhon

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I’m in favor of KYC for online casinos because it will make me feel secure to know that the members/players of that site are verified. Aside from that, with their information on the system if someone will do something that is fraud or against the rule then it is easy to identify unlike if no verification is done it is very hard to trace.

MidKnight

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In my perspective, it's perfectly fine and it's good for both users and the gambling sites. There are so many benefits when online casinos are strictly regulated. First, is that they can determine gamblers that are using laundered money with the help of KYC. You can also prove your wealth that it came from the gambling site if ever people or authorities around you get suspicious with the luxurious life you got from the huge jackpot. But these gambling sites better be sure that they have an active and authenticated license before I undergo their KYC procedures.

maydna

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Quote from: AmoreJaz on June 10, 2019, 05:26:32 PM

Quote from: jvdp on June 10, 2019, 03:15:17 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.

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.

shoreno

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Quote from: leowonderful on June 10, 2019, 07:33:06 PM

Quote from: Hypnosis00 on June 10, 2019, 06:05:56 PM

KYC is a confidential documents and we don't want it to give without a concrete reason cause we know the possibility if mishandled.
At this time, it looks like KYC is required and almost all exchanges and gambling sites asking for it to validate our registration most specifically with the withdrawal. If that so, we have no choice but to submit it otherwise, you left your money inside.

You can always do a quick search about the site you plan on gambling on and whether or not the site requires KYC at any stage of using the site through a search engine like Google. I typically do this before playing on somewhat newer casinos that I have my eyes on, and it's been working pretty well recently considering people are usually quick to point out any crypto site requiring KYC. That way, you'll (hopefully) never need to submit KYC on a gambling site again.

Aside from a googel search about the gambling site , its also a good idea to read thier terms and condition or their sites rules because that will give you an insight if what they will requiring for you to play thier gambling site . usually kyc is required tlo increase your accounts limit or if you are dealing with huge amounts of cash . kyc is your friend and its good for you as long as the gambling site is proven to be legit .

leowonderful

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Quote from: Hypnosis00 on June 10, 2019, 06:05:56 PM

KYC is a confidential documents and we don't want it to give without a concrete reason cause we know the possibility if mishandled.
At this time, it looks like KYC is required and almost all exchanges and gambling sites asking for it to validate our registration most specifically with the withdrawal. If that so, we have no choice but to submit it otherwise, you left your money inside.

You can always do a quick search about the site you plan on gambling on and whether or not the site requires KYC at any stage of using the site through a search engine like Google. I typically do this before playing on somewhat newer casinos that I have my eyes on, and it's been working pretty well recently considering people are usually quick to point out any crypto site requiring KYC. That way, you'll (hopefully) never need to submit KYC on a gambling site again.

Hypnosis00

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Quote from: AmoreJaz on June 10, 2019, 05:26:32 PM

Quote from: jvdp on June 10, 2019, 03:15:17 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.

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...

KYC is a confidential documents and we don't want it to give without a concrete reason cause we know the possibility if mishandled.
At this time, it looks like KYC is required and almost all exchanges and gambling sites asking for it to validate our registration most specifically with the withdrawal. If that so, we have no choice but to submit it otherwise, you left your money inside.

AmoreJaz

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Quote from: jvdp on June 10, 2019, 03:15:17 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.

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...

jvdp

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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.

IPVPIRL

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I prefer not doing KYC for any reason. I have to measure everything and only if I find that it is in my interests I proceed with KYC. Otherwise I won't bother with any website to sent them my details and documents.
I was playing in Pokerstars from 2009-2015 and FTP until 2011. Never did KYC and never sent them my ID. Suddenly around 2017 they started asking for documentation. There were other places available so I left. The main reason though, was that I stopped profiting from their games. If the same good games from 2009-2011 were available then I would have sent them my ID and any information asked.

rachman mahesa

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KYC procedure in playing gambling seems like a lot of people don't like it, including me personally. Because according to many KYC people it is certainly very disturbing to do it just want to play gambling. So if there are gambling sites that have to do kyc in order to play, of course I will never play there.

joshy23

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Quote from: Altero on June 09, 2019, 08:13:40 PM

Quote from: Rune on June 09, 2019, 02:37:23 PM

I find KYC very annoying as a person who wants to go and do things in the moment on a whim it takes up a bunch of my time and really ruins the mood i was in when i wanted to try out the website I was going to.
heck I get annoyed when I send bitcoins to gamble with and I need to wait for the confirm kyc is worse its like being in the doctors office filling out forms and waiting.
I want good instant convenient service!

I know how confidential is our identity in any online platforms, a lot of people might taking advantage of using it into illegal activities. I may think that submitting KYC it is an option to us, in fact, we have a lot of time to think. Due to some issues regarding some people using different identity(or using other's identity), it makes people keep their profile at safe and submitting KYC will be a big deal to us.

That the risk that every participants needs to take each time they process this requirements, many gamblers are annoyed when they've found out
that this process is required so now most of them are making sure to read everything first before sending a deposit, making them assured that
they will not be needed to complete this process.

maydna

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Quote from: Noilee on June 06, 2019, 09:52:37 AM

Quote from: rhomelmabini on March 14, 2019, 09:44:50 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.

Its true if the casinos requires a kyc definitely its trusted and dont need to doubt or worry, because we are all know for the secure purposes. I think they just want to know if it's really you. But kyc is not need much, especially if you want to hide your personality.

But that does not guarantee that if the casino uses kyc is a trusted website because we know that many gambling sites which don't use kyc can be a trusted gambling site too.

I think kyc will make gamblers feel not good because they still worry about the thief who will steal their personal information. That is why many gamblers want to join in the gambling site which doesn't use kyc so they can play any games without sending the document. Perhaps, most gamblers want to feel having fun in the games without any matter about kyc.

Altero

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Quote from: Rune on June 09, 2019, 02:37:23 PM

I find KYC very annoying as a person who wants to go and do things in the moment on a whim it takes up a bunch of my time and really ruins the mood i was in when i wanted to try out the website I was going to.
heck I get annoyed when I send bitcoins to gamble with and I need to wait for the confirm kyc is worse its like being in the doctors office filling out forms and waiting.
I want good instant convenient service!

I know how confidential is our identity in any online platforms, a lot of people might taking advantage of using it into illegal activities. I may think that submitting KYC it is an option to us, in fact, we have a lot of time to think. Due to some issues regarding some people using different identity(or using other's identity), it makes people keep their profile at safe and submitting KYC will be a big deal to us.

Harlot

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Quote from: izanagi narukami on May 16, 2019, 09:38:02 AM

For some people who pro with KYC
It's nothing to worry about as long as it keep people's identity safe.
Also it's prevent we as gambler to cheat etc

For who contra with KYC
It's dangerous to give personal identity to other platform, some people just want to gambler without identity

So my conclusion, the gambler owner must think globally before decide to use KYC

It's really not up for them to decide on whether or not they'll be implementing KYC in their platform. Gambling sites are not immune to the government's authority and they can track what's coming and going inside their gambling site the KYC requirement for them is mostly used in AML procedures in which they need to be always prepared just in case the authorities comes knocking in their doors. They just don't want to be link in any kind of money laundering operations happening in their platform and I think it is fair enough for them to ask who their users are.

Rune

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I find KYC very annoying as a person who wants to go and do things in the moment on a whim it takes up a bunch of my time and really ruins the mood i was in when i wanted to try out the website I was going to.
heck I get annoyed when I send bitcoins to gamble with and I need to wait for the confirm kyc is worse its like being in the doctors office filling out forms and waiting.
I want good instant convenient service!

Topic: KYC procedure in online casinos does more good than bad or the other way around? - page 5. (Read 2151 times)