No KYC vs KYC enabled casinos (Facts you need to know)

Unbunplease

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Quote from: piebeyb on September 26, 2023, 05:11:42 AM

Everyone has their own comfort so both KYC and No KYC casinos have their advantages and disadvantages so of course there are differences in the views of each gambler and also different experiences, so far I have never had problems with KYC casinos and you are also happier with No-KYC casinos maybe you can better maintain your privacy there and play anonymously.

I play with KYC because I'm a small gambler so it's enough to complete KYC level 1 by filling in information data so I don't send selfies and complete identity, so far I still feel comfortable playing at large licensed casinos but only completing KYC level 1 for me is not a problem as long as You can still make withdrawals and fill in information data only. but what you say is true, it all comes back to the convenience of each gambler.

Personally, I don't think kyc protects against anything, or gives any guarantees. There is always a chance of personal data leaking and being used for dishonest purposes. And there is always a chance of your account being blocked for any reason, regardless of kyc status.

davissgurban

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Quote from: DanMeyer on November 14, 2023, 09:15:50 AM

While knowing that KYC in Online Casinos is a highly controversial topic, the whole matter of fraud seems to get out of control. Stating the obvious but the damage of fraud will seriously impact legit online casinos and players alike.

"According to TransUnion’s 2022 Report, digital fraud in the global gaming market rose nearly 33% in one year, with identity theft, credit card fraud, and account takeover fraud being the main consumer concerns. In another Ravelin report (2022) 71% of online gambling operators reported an increase in promotion abuse, and 67% of merchants reported a rise in payment details taken from customer accounts." https://www.idnow.io/blog/importance-of-kyc-in-online-casinos/

Fraud in online casinos is a concerning issue impacting both players and legitimate platforms. It's crucial to address these challenges collaboratively to ensure a safer and more enjoyable gaming experience for everyone involved.

DanMeyer

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While knowing that KYC in Online Casinos is a highly controversial topic, the whole matter of fraud seems to get out of control. Stating the obvious but the damage of fraud will seriously impact legit online casinos and players alike.

"According to TransUnion’s 2022 Report, digital fraud in the global gaming market rose nearly 33% in one year, with identity theft, credit card fraud, and account takeover fraud being the main consumer concerns. In another Ravelin report (2022) 71% of online gambling operators reported an increase in promotion abuse, and 67% of merchants reported a rise in payment details taken from customer accounts." https://www.idnow.io/blog/importance-of-kyc-in-online-casinos/

piebeyb

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Quote from: kingvirtus09 on September 25, 2023, 11:20:42 AM

I believe that playing at no-kyc casinos is still a solid option as long as it has a lengthy track record of success in the crypto industry. As far as I know, the same as BC Games, Live Casino, and others.

Furthermore, if there is a problem or issue, there are difficulties and issues with casinos that have KYC and casinos that do not have KYC, as I have seen and observed on this thread. accordance to the issue they are discussing. The only thing that matters is that you play gambling where you feel comfortable and confident.

Everyone has their own comfort so both KYC and No KYC casinos have their advantages and disadvantages so of course there are differences in the views of each gambler and also different experiences, so far I have never had problems with KYC casinos and you are also happier with No-KYC casinos maybe you can better maintain your privacy there and play anonymously.

I play with KYC because I'm a small gambler so it's enough to complete KYC level 1 by filling in information data so I don't send selfies and complete identity, so far I still feel comfortable playing at large licensed casinos but only completing KYC level 1 for me is not a problem as long as You can still make withdrawals and fill in information data only. but what you say is true, it all comes back to the convenience of each gambler.

danherbias07

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There are other benefits when you apply KYC to your account. Bonuses! Better promotions and more.
What you shared was given on why a gambler would accept the KYC, it's the security and avoid their funds being locked if something crazy happens. Like winning a big multi that would change your life. There's a money-laundering act so businesses like gambling platforms will abide by the rules of how much a gambler could get out without his information. It's not different with exchanges/local exchanges, they are just offering a bit of money that can be deposited and withdrawn, or else the company owner will have to answer some questions.
I don't really mind this, especially in a reputable casino because it will be their name that will be on the line if information about their gamblers leaks out.

dothebeats

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Quote from: kingvirtus09 on September 25, 2023, 11:20:42 AM

I believe that playing at no-kyc casinos is still a solid option as long as it has a lengthy track record of success in the crypto industry. As far as I know, the same as BC Games, Live Casino, and others.

Furthermore, if there is a problem or issue, there are difficulties and issues with casinos that have KYC and casinos that do not have KYC, as I have seen and observed on this thread. accordance to the issue they are discussing. The only thing that matters is that you play gambling where you feel comfortable and confident.

There will come a time wherein you'll need to provide KYC with these platforms. It's just that they offer you to sign up with the platform, use it for a couple weeks/months, before they trigger the KYC process to not limit your account. I'd be okay if they went upfront with it and say that they are not 100% KYC free, but they mask everything in their adverts that they are not asking for any documents at all, which is kinda misleading especially to those who are looking for casinos without KYC because of their past experience with KYC casinos.

makishart

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Quote from: cryptolists on September 25, 2023, 04:16:56 AM

Always be careful with no KYC casinos from Curacao. They are required to do KYC after a total of 2k deposit. So it might look good from the beginning with license and all.
For those anonymous casinos that doesn't require any KYC, it's important to check up the owners. Are they legitimate? What have they done before? There are only around 20 serious crypto casinos without any KYC requirement according to my research the last 12 months.

Quote from: Broadanbig on September 19, 2023, 07:22:17 AM

KYC or no KYC what casinos are after is their profit. Have you ever wondered why some casinos would start as a KYC free casino and after a while when members have deposited their funds and have started playing games and winning and when it is due withdrawal they tell them to do KYC and if the gambler refuses, they block or ban them permanently from accessing their account. In some cases if the KYC details are suspected to be from nations that have restrictions on gambling, they take advantage of it to penalise the gambler by suspending their account while in some cases they take the assets of the gambler.

One of the major challenges of KYC I think is the issue of privacy. When ones privacy is compromised, their is every possibility that their details would be used against or possibly do some shady that they have no knowledge about. It is a personal choice to go for a KYC or KYC free casino.

How can you checkup the owner of anonymous casino? I remind you that if it was anonymous casino and the owner might not publish his identity. Curacao has become the easiest place in getting license to run gambling business but there have been also many illegal casinos there.
The only problem if we don't know which was legit or scam casino. Forcing users to complete know your customer verification after use has deposited some money were red flags. I remember some places which was allowing deposit from their banning countries but they were not allowing them to withdraw their money due to the geo restriction problem.

It looks so weird but it's exist. It's very difficult to know whether that's a scam site.

Quote from: MoonbetEcosystem on September 24, 2023, 04:20:57 AM

If you are looking for a trustworthy and established casino/sportsbook that does not require KYC for players to register OR withdraw, then head to Moonbet.io

We launched in September 2021 and have great reviews on TrustPilot from players in the last two years. Yes, we operate a licensed casino but we use a web3 wallet connection via MetaMask or WalletConnect for a seamless player experience.

KYC is often a requirement from regulators to comply with anti-money laundering initiatives. We use a variety of other factors to combat AML, meaning that we can offer a web3 betting experience that is fair and trustworthy for players!

The casino owner can't push regulator otherwise regulator is the one who is always pushing casino owner to fulfill their requirements. Operaing without license is also putting the users into the risk caused by regulators can seize the site anytime if the owner of illegal casino was doing shady things.
Almost all of popular casino were fully licensed. I never saw unlicensed casino became so popular among the bettors.

Ojima-ojo

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If you come from countries where there is high gambling regulations then you will know that sone of the gamblers only think about the legitimacy of the casino and nothing more, because even if they like KYC or not, at that point they have no other options than to comply with the KYC demands or you choses to olay within the stipulated threshold.

So at this point the fambler have to make delibrate attempt to mentian a level of baseline that can help hold their firmness in the gambling space, so for that i am not for or against KYC compliance but to some extend, we dont have anything to hides from the government if ever their come knocking.

Stedsm

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Having our KYC done on any casino is dangerous only when our country has restricted gambling there and that's where the no-KYC casinos come into action and help us out to safely play there without the fear of getting our data leaked to our government and then we may even get jailed as if we committed some crime. It's ridiculous to see that despite being a business, gambling industry is demanded a 30% tax (and even more in some countries) by the governments (especially if I talk about my government, if you just deposited on a casino, no matter if you win or lose, you need to pay 30% tax on your entire capital, be it the deposit only or the winnings too which is a shameful act by the government of my country).

BenCodie

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Quote from: coin-investor on September 24, 2023, 09:51:35 AM

Quote from: mirakal on September 24, 2023, 06:55:48 AM

Those who claimed as non-KYC casinos are most of the time only here to deceive us with its name, but in reality they are still regulated and should follow the rules of those who regulate them. So if you want to play on casinos safely and securely, just chose those who are clearly regulated casinos. Even if KYC is compulsory, but it’s only for our own security and to avoid cases of fraudulence on part of the casinos.

They just want to get more players, because there are still a lot of players who are attracted to non-KYC, and they are not well informed about the many risks of non-KYC, but these non-KYC casinos will eventually change their terms because if they want to remain in this business they will have to become compliant and part of being compliant is asking KYC to all their players.

When it is a choice between a platform with KYC and without non-KYC we have to choose where we are the safest and that's a platform that is compliant.

Non-KYC gets more players because there will always be people who want to use the bitcoin/cryptocurrency ecosystem without compromising their privacy by attaching their identifying/personal information to casinos.

Quote from: Ziskinberg on September 24, 2023, 08:18:28 AM

Quote from: Outhue on September 24, 2023, 08:03:50 AM

The only fact that everyone needs to know about No KYC casinos is they are probably into illegal activities like frauds and money laundering.

You can't trust them, as no KYC casino can be easily presumed to be unregistered as well. So, whatever their dealings, it's already up to them, and once we gamble on their sites, there's no assurance that we will be safe all the time. They are like a non-regulated exchange that may exit scam once they have earned a lot of money, including deposits from their clients.

There are risks with both. Regulated casinos can use tactics that utilize their privileges to scam their users, and get away with it because of their "licensing". Unregulated ones have the ability to do what they like similarly, though they have a reputation to maintain if the want to stay in the business. It's about what's the greater of two evils. It's better off just choosing neither and opt for decentralized gaming.

Lanatsa

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Quote from: kingvirtus09 on September 25, 2023, 11:20:42 AM

I believe that playing at no-kyc casinos is still a solid option as long as it has a lengthy track record of success in the crypto industry. As far as I know, the same as BC Games, Live Casino, and others.

Furthermore, if there is a problem or issue, there are difficulties and issues with casinos that have KYC and casinos that do not have KYC, as I have seen and observed on this thread. accordance to the issue they are discussing. The only thing that matters is that you play gambling where you feel comfortable and confident.

There are really still those long time running platforms or casinos that been really that still operating even up to this day without having that integration about KYC compliance into its users on which they are really that

sticking in the real essence of crypto gambling but still they are really that requiring some kyc verification once you do able to violate something specially on their TOS on which i would or could say that
it is really just that normal on having those despite on having no license or not being regulated. We know that there are really abusers or those people who do violate as long they could really be able
to take some advantage on which this is something that could really happen.

If you dont like on having yourself put up on a situation on which you could really be able to have some headaches then always better and wise
for you to be able to stick with those reputable and long time running ones but of course dont get shockled if ever terms are really that changed up over time.

kingvirtus09

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I believe that playing at no-kyc casinos is still a solid option as long as it has a lengthy track record of success in the crypto industry. As far as I know, the same as BC Games, Live Casino, and others.

Furthermore, if there is a problem or issue, there are difficulties and issues with casinos that have KYC and casinos that do not have KYC, as I have seen and observed on this thread. accordance to the issue they are discussing. The only thing that matters is that you play gambling where you feel comfortable and confident.

Awaklara

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Quote from: 3kpk3 on September 25, 2023, 10:32:13 AM

Quote from: piebeyb on September 25, 2023, 04:46:38 AM

Luckily I was only a little gambler so I didn't think too much about the KYC problem, playing in a large and trusted casino in this forum I was still vigilant to give my complete KYC identity to the casino, but enough KYC level 1 I was able to withdraw withdrawals without having to complete the KYC Level 2 or 3, the point is that during being a small gambler and betting with small bets everything becomes safe. Even so do not save too much money in the casino because it is a very important lesson to avoid problems such as Betnomi cases.

Great thinking. I only submit KYC level-1 whenever I feel it's necessary too and never submit higher level KYC unless it's related to huge amounts or something. This is another useful tip if you ask me.

Gamblers should think carefully before submitting higher level KYC in any site(New or Reputed).

because if they feel that KYC level 1 or low is enough to make them comfortable playing, it won't be a problem. in a sense, it does not affect some features such as larger withdrawals or when the account has certain problems to be recovered and the casino does require asking for more complete KYC documents.
but as long as KYC level 1 is enough for us to access the game and make withdrawals, that's quite fun. we don't need to send more personal details to anyone.

3kpk3

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Quote from: piebeyb on September 25, 2023, 04:46:38 AM

Luckily I was only a little gambler so I didn't think too much about the KYC problem, playing in a large and trusted casino in this forum I was still vigilant to give my complete KYC identity to the casino, but enough KYC level 1 I was able to withdraw withdrawals without having to complete the KYC Level 2 or 3, the point is that during being a small gambler and betting with small bets everything becomes safe. Even so do not save too much money in the casino because it is a very important lesson to avoid problems such as Betnomi cases.

Great thinking. I only submit KYC level-1 whenever I feel it's necessary too and never submit higher level KYC unless it's related to huge amounts or something. This is another useful tip if you ask me.

Gamblers should think carefully before submitting higher level KYC in any site(New or Reputed).

Jating

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Quote from: khaled0111 on September 24, 2023, 06:21:10 PM

Quote from: avp2306 on September 24, 2023, 11:29:34 AM

The problem is some casino use the none KYC casino word that's why there are people think that they are safe here because this casino doesn't require them a lot of requirements.

Why would anyone think that a casino is safe and trusted just because they don't ask their customers to verify their identity? Sure, it's a plus especially for those who value their privacy but it has nothing to do with safety or trustworthiness.
Besides, personally I don't believe anyone who claims that his casino never ask for kyc be it licensed or not. I witnessed many of those claims and after a while some of their customers start complaining about being requested to verify their identities. Sure, some of them are more lenient than the others but not to the extent to say they will never do it.

Or maybe this kind of casinos are taking advantage of the gamblers, who thought that they are safe with no KYC and then continue to deposit and play. It's good for the casino if they continue to lose in the long run.

But once this gamblers won and won big, then it's that time when suddenly might suddenly ask for KYC because of their big win and so the gamblers are going to be frustrated by it because they thought its a no-KYC.

piebeyb

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Quote from: 3kpk3 on September 24, 2023, 12:26:51 PM

Quote from: coin-investor on September 24, 2023, 09:51:35 AM

When it is a choice between a platform with KYC and without non-KYC we have to choose where we are the safest and that's a platform that is compliant.

A regulated casino is definitely more safer when compared to an unregulated casino, but this doesn't imply that they are 100% safe or anything. They could get hacked or could execute a rug pull(Eg: Betnomi).

This is why you shouldn't trust any casino with all of your funds and only keep what you are willing to lose.

Yes you are right that both sites that have regulations or not all of them are the same, it will never be safe because the Betnomi case has taught us to remain vigilant so that there are no more cases of casinos being hacked or bankrupt and disappear like betnomy, because if the site disappears it is not only detrimental We are through lost funds but also our identity KYC that we have entrusted entirely to them and finally it can be used wrongly.

Luckily I was only a little gambler so I didn't think too much about the KYC problem, playing in a large and trusted casino in this forum I was still vigilant to give my complete KYC identity to the casino, but enough KYC level 1 I was able to withdraw withdrawals without having to complete the KYC Level 2 or 3, the point is that during being a small gambler and betting with small bets everything becomes safe. Even so do not save too much money in the casino because it is a very important lesson to avoid problems such as Betnomi cases.

cryptolists

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Always be careful with no KYC casinos from Curacao. They are required to do KYC after a total of 2k deposit. So it might look good from the beginning with license and all.
For those anonymous casinos that doesn't require any KYC, it's important to check up the owners. Are they legitimate? What have they done before? There are only around 20 serious crypto casinos without any KYC requirement according to my research the last 12 months.

Quote from: Broadanbig on September 19, 2023, 07:22:17 AM

KYC or no KYC what casinos are after is their profit. Have you ever wondered why some casinos would start as a KYC free casino and after a while when members have deposited their funds and have started playing games and winning and when it is due withdrawal they tell them to do KYC and if the gambler refuses, they block or ban them permanently from accessing their account. In some cases if the KYC details are suspected to be from nations that have restrictions on gambling, they take advantage of it to penalise the gambler by suspending their account while in some cases they take the assets of the gambler.

One of the major challenges of KYC I think is the issue of privacy. When ones privacy is compromised, their is every possibility that their details would be used against or possibly do some shady that they have no knowledge about. It is a personal choice to go for a KYC or KYC free casino.

khaled0111

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Quote from: avp2306 on September 24, 2023, 11:29:34 AM

The problem is some casino use the none KYC casino word that's why there are people think that they are safe here because this casino doesn't require them a lot of requirements.

Why would anyone think that a casino is safe and trusted just because they don't ask their customers to verify their identity? Sure, it's a plus especially for those who value their privacy but it has nothing to do with safety or trustworthiness.
Besides, personally I don't believe anyone who claims that his casino never ask for kyc be it licensed or not. I witnessed many of those claims and after a while some of their customers start complaining about being requested to verify their identities. Sure, some of them are more lenient than the others but not to the extent to say they will never do it.

Saint-loup

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Quote from: coin-investor on September 24, 2023, 09:51:35 AM

They just want to get more players, because there are still a lot of players who are attracted to non-KYC, and they are not well informed about the many risks of non-KYC, but these non-KYC casinos will eventually change their terms because if they want to remain in this business they will have to become compliant and part of being compliant is asking KYC to all their players.

When it is a choice between a platform with KYC and without non-KYC we have to choose where we are the safest and that's a platform that is compliant.

Changing their terms doesn't mean applying them. Binance for example had to change its official policies in order to avoid being banned and prosecuted in United States and in some other countries but leaks have shown they were mainly circumventing them in reality. So if casinos want to respect the privacy and the safety of their customers, they will never ask KYC to their customers even if their ToS are mentioning it. Moreover fulfilling an initial KYC doesn't protect customers, because casinos will always be able to ask additional documents and an higher KYC level if they are dishonest.

Agbe

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Quote from: MoonbetEcosystem on September 24, 2023, 04:20:57 AM

If you are looking for a trustworthy and established casino/sportsbook that does not require KYC for players to register OR withdraw, then head to Moonbet.io

We launched in September 2021 and have great reviews on TrustPilot from players in the last two years. Yes, we operate a licensed casino but we use a web3 wallet connection via MetaMask or WalletConnect for a seamless player experience.

KYC is often a requirement from regulators to comply with anti-money laundering initiatives. We use a variety of other factors to combat AML, meaning that we can offer a web3 betting experience that is fair and trustworthy for players!

The moonbet casino website is not opening in my end so I checked the rating in https://www.trustpilot.com/review/moonbet.io and I discovered that the reviews are good. At first I thought it sponsored reviews but almost all the comments there are positive and no negative feedback on the casino. I don't know if you have ANN thread and if you don't have I advise you to do that and also make the casino website light to navigate into, because the way I see the site it is too heavy with load so it is not easily opening. I really like to see the site.

Topic: No KYC vs KYC enabled casinos (Facts you need to know) (Read 700 times)