Topic: KYC procedure in online casinos does more good than bad or the other way around? - page 7. (Read 2151 times)
May 13, 2019, 08:09:21 AM
I have a mixed opinion regarding this move. Even if we submit the KYC documents, I don't think that the casinos will share them with the authorities unless there is a valid reason to do so. If KYC requirement helps the casinos to get the necessary licenses and tax breaks from the government, then let them do it. The vast majority of the online casinos are owned by honest people.
May 13, 2019, 08:02:39 AM
I think it should not be obligatory because the most important in online casinos is they operate legally and they have licenses. Another thing, there's a lot of bigtime gamblers does not gamble only on one site. It is easy for them to try other sites when they feel that they don't have the luck when they are playing on those.
May 13, 2019, 07:39:26 AM
All the 4 listed reasons why people does not want KYC is correct.
Crypto casinos is popular because they don't enforce KYC and that gives us full freedom here.
With this lack of regulation, it's all favorable for both as casinos can attract more gamblers, while gamblers have the convenience in gambling.
Crypto casinos is popular because they don't enforce KYC and that gives us full freedom here.
With this lack of regulation, it's all favorable for both as casinos can attract more gamblers, while gamblers have the convenience in gambling.
May 13, 2019, 07:23:24 AM
Im not playing to the online casinos who need to submit my information because I need my information secure everytime.
Maybe it is good because the team will know who is the player play to their gambling site maybe they more benefits on that but they have bad side also to us because they can see our information and ocne the gambling site is scam maybe they use our Identity to other bad activity.
Maybe it is good because the team will know who is the player play to their gambling site maybe they more benefits on that but they have bad side also to us because they can see our information and ocne the gambling site is scam maybe they use our Identity to other bad activity.
May 13, 2019, 06:19:00 AM
KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory.
They normally get good user base which mean more profit and prospect of new users. I do not think that a KYC would help a site get huge users but only those who do not care about their identity.
May 13, 2019, 05:20:03 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
That depends on the casino/betting site. I don't think crypto related casinos and betting sites should be doing KYC, I don't really see anything good about it, I just don't get. Although I have seen some people claim that it can help us recover our account when we lose access to it, lol. 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
Nah, that's not true, you don't need to provide every details of your life just because you want to be able to recover your account in case. Only your email is enough to recover your account when you lose access to it, they can just send you a mail to reset your passwords. So saying KYC is for that is very wrong. Only if you are making bank withdrawal, that's when you should be asked for such things.
May 12, 2019, 03:59:05 AM
KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory.
Nope i doubt it. Once a person tries crypto gambling, i don't think they'll go back to fiat just because of kyc implementation. There are a lot of crypto gambling sites out there and it's easy to just move from one casino to another. KYC benefits the casinos more than the users and players and we all know it. Yeah there's the positive effect of making it easier to track scammed and hacked accounts, but compare that to the possibility of your information being compromised when a casino itself gets hacked, i'd rather stay anonymous.
May 11, 2019, 08:52:53 AM
KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory.
May 11, 2019, 07:13:41 AM
Big red flag for me the KYC things, especially that casino is using cryptocurrency for their platform. Since crypto is for decentralization then that kind of platform should be also, but we can't force them to submit their personal identification for KYC, if they don't want, they can use another alternative platform for gambling.
Indeed. Nothing can be more annoying than a crypto casino site that asks for KYC. Considering that crypto currency is all about decentralization one would expect that any crypto accepting gambling site would follow suite, but some would still be requesting for KYC. It can be so annoying and for me, I don’t go near them at all, after all that’s not the only site.There are so many gambling sites that accepts Bitcoin and other cryptocurrency and as well don’t pay attention to KYC regulations. I know of fortune Jack. I have been using this site for a while now and there’s nothing like KYC, and it also offers too many varieties of interesting games.
I am aware of so many gambling sites that still accept cryptocurrency, in short I am presently playing on stakes using my dogecoin, very affordable for me and safe, so I don’t see any reason why a site should bring a policy that doesn’t not favor me at all, considering the fact that cryptocurrency is for decentralization and any crypt site is expected to be the same.
May 11, 2019, 01:46:12 AM
KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
May 11, 2019, 01:18:01 AM
For all Casino platform that deals with Fiat Money, Credit Card and Bank Transaction a KYC procedure is a must and should be strictly followed,. If you don't want to do KYC don't play on those casino platform.
Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
Exactly mate. It’s really tiring the way they make it feel like it is a do or die thing to gamble on sites that requests for KYC. Most of the gambling sites that uses cryptocurrency don’t ask for KYC and I feel crypto gambling sites is even easier to gamble on aside the KYC Stuff.Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
I have long stopped gambling on fiat casino site and crypto casino sites makes transfer easier and faster, and in addition, most of the crypt casino sites that I am aware of will not ask for KYC. Since I hate my private information in public and I love to keep my information private, I don’t see any reason to play on sites that are bent on KYC.
I don’t and cannot gamble on a casino site with KYC especially when that casino site is now a cryptocurrency site, I feel like it is defeating the objective of decentralization that crypto stands for and I prefer to keep my information secret and if I ever want to release my information’s online but at least not on a gambling site. Gambling sites cannot be trusted with such vital information’s.
May 10, 2019, 07:53:20 AM
Big red flag for me the KYC things, especially that casino is using cryptocurrency for their platform. Since crypto is for decentralization then that kind of platform should be also, but we can't force them to submit their personal identification for KYC, if they don't want, they can use another alternative platform for gambling.
Indeed. Nothing can be more annoying than a crypto casino site that asks for KYC. Considering that crypto currency is all about decentralization one would expect that any crypto accepting gambling site would follow suite, but some would still be requesting for KYC. It can be so annoying and for me, I don’t go near them at all, after all that’s not the only site.There are so many gambling sites that accepts Bitcoin and other cryptocurrency and as well don’t pay attention to KYC regulations. I know of fortune Jack. I have been using this site for a while now and there’s nothing like KYC, and it also offers too many varieties of interesting games.
May 09, 2019, 05:32:46 AM
For all Casino platform that deals with Fiat Money, Credit Card and Bank Transaction a KYC procedure is a must and should be strictly followed,. If you don't want to do KYC don't play on those casino platform.
Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
Exactly mate. It’s really tiring the way they make it feel like it is a do or die thing to gamble on sites that requests for KYC. Most of the gambling sites that uses cryptocurrency don’t ask for KYC and I feel crypto gambling sites is even easier to gamble on aside the KYC Stuff.Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
I have long stopped gambling on fiat casino site and crypto casino sites makes transfer easier and faster, and in addition, most of the crypt casino sites that I am aware of will not ask for KYC. Since I hate my private information in public and I love to keep my information private, I don’t see any reason to play on sites that are bent on KYC.
May 09, 2019, 04:59:28 AM
For all Casino platform that deals with Fiat Money, Credit Card and Bank Transaction a KYC procedure is a must and should be strictly followed,. If you don't want to do KYC don't play on those casino platform.
Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
Nope, here in my country there are so many online gambling sites that deals with Fiat Money through bank transaction but all of them do not ask for KYC. They do not even ask users to provide address or identity card, what people need to provide are only phone number, email, and bank accounts.
This is what I like from local fiat online casinos in my country because I do not need to submit my ID card, submit a selfie holding the ID, etc.
May 09, 2019, 03:17:00 AM
People gamble online using crypto currencies so that they can do it anonymously. Then whats the use of them gambling online with crypto currencies if they will have to expose their identity? Again, I have seen different casinos that asks for KYC form fill up after someone tries to make huge withdrawal. They just try to find as much excuses they can to avoid paying them.
Though I won't be deny the good sides of KYC.
Exactly. The purpose of using cryptocurrency in gambling is to stay under the mask and disable every system which could possibly document your identity. Now if you have KYC on your website that is a gambling website, the number of users on the website would be too low because it is not desirable for the gamblers to click and pass through the KYC. They would look for another website with no KYC.Though I won't be deny the good sides of KYC.
Gamblers will stay away from the site which uses KYC because they don't feel right to pass the KYC. They prefer to search the other gambling site which doesn't use KYC because they want to protect their identity from the scamming. So in this way, I will say that having KYC in the online casino will not good for the gamblers, and you will not attract many gamblers who will come to your site.
I want to use myself for example, I have always been using a particular site, won’t like to mention the name. Sincerely, I like the site but since the new introduction of KYC on that site, I stopped visiting or even playing there. There are too many good and reputable sites that do not ask for KYC and I can’t agree to be tied down to one.
May 09, 2019, 02:16:06 AM
Many online casinos require you to pass KYC to withdraw funds. The main question is can these casinos be trusted with your personal info. In my opinion, it wouldn't do more good for you.
I think some of the websites have a good trusted so far. But we have our choice to stay away from them because they want us to pass KYC. We have the other casinos which will allow us to withdraw the funds without pass KYC and I think that casinos are trusted too. But I don't want to pass any KYC on any website because it's too risky for me and I think that many identifications have been spread in the dark web.
May 09, 2019, 02:14:37 AM
[...]If you don't want to do KYC don't play on those casino platform.
Yes, this is it. There's no point in arguing here. I don't think the owner/s of casino platforms cares anyway.snip
Nope, here in my country there are so many online gambling sites that deals with Fiat Money through bank transaction but all of them do not ask for KYC. They do not even ask users to provide address or identity card, what people need to provide are only phone number, email, and bank accounts. This is what I like from local fiat online casinos in my country because I do not need to submit my ID card, submit a selfie holding the ID, etc. 
May 08, 2019, 08:32:19 PM
Big red flag for me the KYC things, especially that casino is using cryptocurrency for their platform. Since crypto is for decentralization then that kind of platform should be also, but we can't force them to submit their personal identification for KYC, if they don't want, they can use another alternative platform for gambling.
May 08, 2019, 07:59:13 PM
For all Casino platform that deals with Fiat Money, Credit Card and Bank Transaction a KYC procedure is a must and should be strictly followed,. If you don't want to do KYC don't play on those casino platform.
Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
Nope, here in my country there are so many online gambling sites that deals with Fiat Money through bank transaction but all of them do not ask for KYC. They do not even ask users to provide address or identity card, what people need to provide are only phone number, email, and bank accounts.
This is what I like from local fiat online casinos in my country because I do not need to submit my ID card, submit a selfie holding the ID, etc.
Asking for the customer's phone number and bank account details is part of KYC.
May 08, 2019, 08:30:16 AM
For all Casino platform that deals with Fiat Money, Credit Card and Bank Transaction a KYC procedure is a must and should be strictly followed,. If you don't want to do KYC don't play on those casino platform.
Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant.
This sum up all the discussion on this thread and lets all stop now
Nope, here in my country there are so many online gambling sites that deals with Fiat Money through bank transaction but all of them do not ask for KYC. They do not even ask users to provide address or identity card, what people need to provide are only phone number, email, and bank accounts.
This is what I like from local fiat online casinos in my country because I do not need to submit my ID card, submit a selfie holding the ID, etc.
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