True. What many gamblers fail to realise is the fact that any crypto gambling sites regardless of its reputation can be hacked leading to data theft etc which is why submitting our KYC anywhere is considered a risk.
No site is immune to hackers and time has proven that. This is why gamblers need to think carefully before submitting their KYC in any crypto gambling site.
It's true. The risk is true and big too but knowing about the risk and accept it or not, it's up to each person.
If accepting the risk, and have some reasons to use centralized exchanges or centralized gambling platforms, let's go with KYC submission and wait for approval to use their platforms. I don't say it is right or wrong because it's personal choice and it depends on personal needs too. Additionally, a centralized platform with mandatory KYC does not mean it is a bad platform but on user side, it's very risky.
For example, if you refuse to do KYC on a big and trusted centralized platform, then finding around and choosing a smaller centralized platform without mandatory KYC to use. Think of it, is it good?
But about risk, let's check this topic.
Why KYC is extremely dangerous – and useless