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Topic: No KYC vs KYC enabled casinos (Facts you need to know) - page 2. (Read 647 times)

full member
Activity: 882
Merit: 148
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.
sr. member
Activity: 1022
Merit: 363



However, it's important to note that no-KYC casinos may also have some drawbacks, such as limited regulatory involvements to excesses and
very less customer support. Additionally, they may not be as reputable and reliable as licensed and regulated casinos, you stand a chance of incurring great loss of your funds and assets, so it's crucial to exercise caution and do thorough research before patronizing them.


The drawback as you mentioned here and I quoted makes it not worth playing in casinos with no KYC casino, this is the reason why no KYC is unpopular in the gambling community, they do not want to support a platform where there is a possibility of being used by money launderers.


We are dealing with no KYC submissions before on popular casinos here, but everything change when regulation on certain jurisdiction happen that's the reason why those reputable casino required this to their gamblers.

Nowadays this requirements has been normalize that's why many got suspicious about claiming that they are non-KYC compliant platform since many know that in future this casino will ask this requirement since this is what other casino do and they cannot do anything with regulation since they became illegal if they will not follow what regulators ask them to do.

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.

They didn't realize that its just a click bait and this casinos want them to believe that they really are but end up fooling them when withdrawal request is happening since this is where the problem start and this casino know request a KYC to them. Common practice happening by many casino which we need to take seriously and we need to be more careful with them.
hero member
Activity: 2856
Merit: 578
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 1946
Merit: 540
Leading Crypto Sports Betting & Casino Platform
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!
This is the first time I've heard about a licensed decentralized platform since most of the platforms that acquire a license are usually centralized because authorities would want you to comply with AML and KYC rules and for that, you need to collect KYC information from your players, but if you are not complying with that, the authorities will barely let you operate for very long, and I'm also confused about how the licensing firms can provide a license for a decentralized platform.

And talking about reviews, we don't really trust reviews given on TrustPilot since that is the most rigged review website there could be, anyone can create a bunch of accounts and either post positive or negative reviews about a website or service and that will eventually affect the overall trust rate of the site.
hero member
Activity: 2520
Merit: 783



However, it's important to note that no-KYC casinos may also have some drawbacks, such as limited regulatory involvements to excesses and
very less customer support. Additionally, they may not be as reputable and reliable as licensed and regulated casinos, you stand a chance of incurring great loss of your funds and assets, so it's crucial to exercise caution and do thorough research before patronizing them.


The drawback as you mentioned here and I quoted makes it not worth playing in casinos with no KYC casino, this is the reason why no KYC is unpopular in the gambling community, they do not want to support a platform where there is a possibility of being used by money launderers.


We are dealing with no KYC submissions before on popular casinos here, but everything change when regulation on certain jurisdiction happen that's the reason why those reputable casino required this to their gamblers.

Nowadays this requirements has been normalize that's why many got suspicious about claiming that they are non-KYC compliant platform since many know that in future this casino will ask this requirement since this is what other casino do and they cannot do anything with regulation since they became illegal if they will not follow what regulators ask them to do.
hero member
Activity: 2926
Merit: 567


However, it's important to note that no-KYC casinos may also have some drawbacks, such as limited regulatory involvements to excesses and
very less customer support. Additionally, they may not be as reputable and reliable as licensed and regulated casinos, you stand a chance of incurring great loss of your funds and assets, so it's crucial to exercise caution and do thorough research before patronizing them.


The drawback as you mentioned here and I quoted makes it not worth playing in casinos with no KYC casino, this is the reason why no KYC is unpopular in the gambling community, they do not want to support a platform where there is a possibility of being used by money launderers.

When there is a platform that deals with money like online casinos money launderers and scammers will use this to launder their dirty money so it is better to pick a regulated platform for the protection of your funds and identification.
hero member
Activity: 2926
Merit: 636
For campaign management look for Little Mouse!
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.
sr. member
Activity: 686
Merit: 403
The only fact that everyone needs to know about No KYC casinos is they are probably into illegal activities like frauds and money laundering.

Normal every good online casinos is to be registered, to avoid money laundering and crime activities through the platform, a new casino can start as a no kyc platform but they will eventually start asking for KYC, unless the team have some plans to stay out of the law radar but such online casinos are not good for customers.

You can become a victim of fraud easily to no kyc casinos because they mostly are not operating under the law, they are not regulated or pass any legal source to start running the business, the earlier you know the better.

If the no kyc casino is a good one, they will one day start to ask for KYC, that day will come as they will want to grow bigger in the future too, expand their business, and that's how they will have to go by the book and do the necessary things to stay in business.
sr. member
Activity: 770
Merit: 284
I agree with the Non-KYC because this is the experience of the crypto becoming anonymous and being transparent. You don't need to get worried about your data we know how does people use the data of other people even though they say that "we protect your data." There's no safe on the internet right now the cons only I've seen here is the recovery of the account the assurance of the player for their accounts are lessen if their devices get comprise by other people the casino does not have the capability if there's no KYC for verification the real owner.  Having a level 1 KYC is enough for me im not a large gambler large withdrawal is not too much issue.

        -   Because I rarely gamble every month—about two to three times, occasionally even twice—we are the same mate. That's exactly how I play; I make the most of my gambling since it's only for fun. Then I thought back to the BC games. I don't believe I can recall ever winning at slots for more than $40, but I had no trouble cashing out.

I was not prompted to provide any information by the bcgames, and the winnings I withdrew were transferred after 30 or so minutes. The casinos I played at did not want a KYC from me, which is fair to say is okay.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
The people have already made their choice, and it's clear they prefer a KYC casino over a non-KYC casino. I believe it's more appropriate to refer to it as 'decentralized gambling' because some casinos claim to be non-KYC but are still regulated. It's important to question the longevity of such claims. When a casino is regulated, it's obligated to adhere to the implementing rules set by regulators, including KYC compliance. So, it's wise not to trust those that claim to be non-KYC casinos.
Exactly. 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.
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
The benefits of using KYC (Know Your Customer) casinos include:
Limiting fraudulent activities: It aids in the prevention of money laundering and other numerous cyber and financial crimes by verifying the source of funds of the players Involved.

Are we talking about benefits for the player or for the government? This is clearly a benefit for the government, not the player.
Why should I care if a procedure that puts me at risk and is by far the most inconvenient of any procedures regarding online shopping or gaming, is beneficial to a third party (government)?
The name isn't even right for this, since are talking about crypto casinos, so it's not money laundering but crypto laundering. The process of money laundering takes place at exchanges. Depositing stolen cryptocurrency to a casino is more of a mixing process than laundering.
copper member
Activity: 111
Merit: 5
The Top Web3 Sportsbook & Casino
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!
hero member
Activity: 2842
Merit: 772
I agree with the Non-KYC because this is the experience of the crypto becoming anonymous and being transparent. You don't need to get worried about your data we know how does people use the data of other people even though they say that "we protect your data." There's no safe on the internet right now the cons only I've seen here is the recovery of the account the assurance of the player for their accounts are lessen if their devices get comprise by other people the casino does not have the capability if there's no KYC for verification the real owner.  Having a level 1 KYC is enough for me im not a large gambler large withdrawal is not too much issue.

Right, every casino is asking for KYC right now, although there could be some that doesn't require specially if you are just withdrawing small amounts. But if you are a whale and big bettor, I will assume that they will have to asked KYC at least level 1 for the casino to get to know you.

Of course, you have every right not to pass if you don't feel like to. But you have to move on and look for other casinos that might or might not ask you to go to KYC process. Just be careful though, we might need to read the ToS first before enrolling to a new casinos.
legendary
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
I agree with the Non-KYC because this is the experience of the crypto becoming anonymous and being transparent. You don't need to get worried about your data we know how does people use the data of other people even though they say that "we protect your data." There's no safe on the internet right now the cons only I've seen here is the recovery of the account the assurance of the player for their accounts are lessen if their devices get comprise by other people the casino does not have the capability if there's no KYC for verification the real owner.  Having a level 1 KYC is enough for me im not a large gambler large withdrawal is not too much issue.
Every casino whether it supports KYC or Non-KYC, there are always good and bad things, it depends on how people want to choose, as you said, nothing is safe on the internet, so don't try to gamble if you don't want other people to know your identity because gambling at offline casinos may be free with that and anyone can go to do that, if there are no problems and want convenience of course online casinos are better than offline casinos.

Yes, it's true that Non-KYC might have shortcomings, such as recovering a hacked account or something like that, if without KYC it's a bit difficult to recognize the original account owner and I've experienced problems like that, actually it depends on the perspective of each party, I too There's never been a problem with KYC level 1 because as a small gambler I don't need to send my identity at KYC level 2 because I'm just a small gambler maybe just like you and so far I've never had problems with withdrawals.
sr. member
Activity: 336
Merit: 365
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~Snip~

Tos, are usually put in place for everyuser to be aware of how the casino operates. If a users funds it difficult to read this before registering on any casino, they will have issues upfront when these casinos start bringing in some features that were never in their menu.

 The KYC for instances, may not actually be put in place at first, but after a while when these casinos discovers a need to implement the KYC their users might have no choice but to comply. As long as it was stated in their KYC before now that they have the right to implement new changes to their system


Some days ago, I came across a thread where a user couldn't withdraw all his funds from a specific casino, this was after he withdrew few but then he was required to do KYC to withdraw the rest. Now on completing this, he finds out that his country was blacklisted from KYC verification on the casino. From this, I would say he never bothered to check out the terms and conditions before using that casino, Because I have read some TOS and it's clearly listed there some countries that aren't allow to use them.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
the KYC procedure should not be seen as a coercion so it is important for every gambler to read the TOS first.  KYC is implemented for good purposes, usually to prevent fraud from occurring, i know that, but on some gambling sites quite often KYC becomes an obstacle for users to withdraw their money, therefore following KYC procedures or not must be done with full awareness and without intimidation from anyone.  anyone must know what he/she is doing, whether you like the KYC procedure or not is your choice and right as a human being.
That is why every gambler should be able to choose a casino that will not make it difficult for him when he wants to do KYC. When he chose the casino, he realized that later he would have to do KYC when he wanted to withdraw his money so that they would prepare it first. But there are still casinos that allow gamblers not to do KYC, and there are usually certain restrictions that gamblers must pay attention to in order not to do KYC. Gamblers will not be required to do KYC if they do not cross that threshold. So it will depend on the gamblers how they want to do KYC.
hero member
Activity: 2212
Merit: 786
The people have already made their choice, and it's clear they prefer a KYC casino over a non-KYC casino. I believe it's more appropriate to refer to it as 'decentralized gambling' because some casinos claim to be non-KYC but are still regulated. It's important to question the longevity of such claims. When a casino is regulated, it's obligated to adhere to the implementing rules set by regulators, including KYC compliance. So, it's wise not to trust those that claim to be non-KYC casinos.

I do think that for a long-term of an online casino usage, investing you resources in a KYC casino is better than a no-KYC casino. If you plan on just gambling for short-term profits, then better if you focus on a no-KYC casino.

At the end of the day, if you want security, then choose a KYC casino due to the benefits they have. In addition, legal processes can also make it possible for you to sue them should you encounter any problem/issue that the casino blatantly disregard.
full member
Activity: 1008
Merit: 141
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
the KYC procedure should not be seen as a coercion so it is important for every gambler to read the TOS first.  KYC is implemented for good purposes, usually to prevent fraud from occurring, i know that, but on some gambling sites quite often KYC becomes an obstacle for users to withdraw their money, therefore following KYC procedures or not must be done with full awareness and without intimidation from anyone.  anyone must know what he/she is doing, whether you like the KYC procedure or not is your choice and right as a human being.
hero member
Activity: 770
Merit: 556
-snip-
To put so much faith in the safety of KYC casinos just because the government keeps an eye on them. I remember hearing about Mark (honestly not really remember his name so I choose Mark), a businessman who used to do well. He was attracted to KYC casinos because he thought, "Hey, the government says they're safe, so they must be." Wrong. Mark had to deal with constant delays and, let's say, "technical issues" when he tried to get his big winnings. All of his papers had been "under review" for a long time. So, what's going on? Are casinos with KYC really better? In an ideal world, they might be. But the truth is often less clear. Sometimes, it's not about KYC or not KYC; it's about doing your study and not getting scammed from both casinos and hackers
Correct, I'm pretty sure he's not a gambler, that's why he can think when the online casino has KYC rule and licensed, it will be safe. There are so many licensed casino turn scam and the license or government didn't even catch the casino's owner. Either casino has KYC rule or no KYC, it's still same because it depends on the casino's reputation and the owner.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
It is rare to see a non KYC casinos these dats because, the government have regulated them in other for them to be able to have statistics of how many people uses the casino daily and also for them to be able to look into the activities of the casino. The government will also collect tax from these casinos and that is why it is mandatory for many big casinos to ask for KYC. A KYC casino is safer when it comes to funds withdrawal because, they will make sure that they build a good reputation with their customers. A non KYC casino is not registered with the government and doesn't have a license of operation, this makes it easy for them to scam customers. I preder using the casinos that does KYC because it will be easy for you to have access to a big win.

To put so much faith in the safety of KYC casinos just because the government keeps an eye on them. I remember hearing about Mark (honestly not really remember his name so I choose Mark), a businessman who used to do well. He was attracted to KYC casinos because he thought, "Hey, the government says they're safe, so they must be." Wrong. Mark had to deal with constant delays and, let's say, "technical issues" when he tried to get his big winnings. All of his papers had been "under review" for a long time. So, what's going on? Are casinos with KYC really better? In an ideal world, they might be. But the truth is often less clear. Sometimes, it's not about KYC or not KYC; it's about doing your study and not getting scammed from both casinos and hackers
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