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Topic: No KYC vs KYC enabled casinos (Facts you need to know) - page 4. (Read 647 times)

legendary
Activity: 2520
Merit: 2853
Top Crypto Casino
OP, not sure if you have used an ai to help you make this post or no but it's clear you have compiled some sentences from different sources and made of it an interesting subject.
So, are we supposed to argue whether no kyc casinos are better than kyc casinos or what! Any crypto user Wil tel you that no-kyc casinos are the best. However, no-kyc casinos can't survive. They may run for one or two years then they will vanish.
Let's stop this comparison, because right now there is nothing like no kyc casinos - not on the clear net.
sr. member
Activity: 2380
Merit: 357
I would like to add that if someone does decide to go for a KYC enabled casino, it would be a better thing to do the KYC before depositing any funds. Because either way, the casino will, at some point, demand KYC. And when this happens, they might take much longer to verify your KYC documents because they do not have any time limits on how long they are allowed to legally freeze your account (as far as I know) until the KYC procedure is done. This might leave you waiting to withdraw your money. Depending on your situation, this can become a big problem. Especially if you have to wait months.
That’s correct if you don’t want to experience any delays on your gambling experience, then better to comply first before making any deposit by doing this you are saving yourself from any trouble in the future. Many prefer a KYC enable site already as this is more secured and protected, while some still looking for a site that is completely KYC free and I think the number of those sites are already decreasing sine many sites now are being forced to implement the KYC as mandatory.
sr. member
Activity: 728
Merit: 421
KYC or no KYC casinos are making their money from gamblers. Security on casino is not guaranteed or you want to send your assets to a casino to keep it there? I know you would object to it because you know it is not safe so why KYC in the first place. If a casino could be hacked and all funds gone and in some cases some casinos do away with their clients assets and are no where to be found and these are people that demands for clients to do a KYC before they could use their platform so who is supposed to do the KYC for who to know who is n the first place. I think it is time we start demanding for casinos to do KYC here before coming for members here because too the scam these days from casinos is getting out of hand.

I just believe most casinos are just playing to the government of their jurisdiction by conducting KYC for just formality and to fulfill all forms of righteousness so as not to fall victim of any government sanctions within their areas of operations.

I see KYC as a scam itself because our details are not protected after keeping them in the custody of third party exchanges and casinos.
sr. member
Activity: 392
Merit: 269
#SWGT CERTIK Audited
Kyc verification is very important on most casinos but I don't no why most people object to casinos that offers kyc perhaps they lack the necessary requirements that's why but although most casinos can still allowed withdrawals without kyc but with a limited amount so is very important to under go the kyc verification were as you will be allowed to withdraw as many as you want but perhaps if you decided not to verified yourself there may come a time whe the need to withdraw a huge amount will arise and by then to verify yourself could take a lot of time because the platform will notice that is because of the amount you want to withdraw that's why you're doing the kyc, but actually one of things I like about casinos that require kyc is that they have high security measures such as using 2FA to enhance the security of your account, so I always like casinos that needs kyc verification because it gives me an edge that there security is intact.
legendary
Activity: 2884
Merit: 1137
Leading Crypto Sports Betting & Casino Platform
I don't do such man, I carefully research, understand and organize my posts myself. No need for AI generated posts. You can check from my profile. I'll  appreciate you contribute to the topic instead. I'm interested in learning more about this and that's why I raised the topic.
Ok, but if your post is almost indistinguishable from generic AI post, maybe you haven't made enough effort. No one can stop you using AI or definitely prove that you are using AI, but even if you used it, you need to make more effort. Writers often speak about finding their voice to express themselves. These days it's even more important to rise the bar and not settling from generic informative posts.

 Because why would anyone believe you if we get basically same text with one question for AI? Ot doesn't help if you answere with your own voice in replies, claiming that you have written it yourself, because anyone can do that.

If you really didn't use AI, you need to check how AI writes because you don't want to sound like a generic answer of it.
legendary
Activity: 2464
Merit: 1145
FOCUS
I would like to add that if someone does decide to go for a KYC enabled casino, it would be a better thing to do the KYC before depositing any funds. Because either way, the casino will, at some point, demand KYC. And when this happens, they might take much longer to verify your KYC documents because they do not have any time limits on how long they are allowed to legally freeze your account (as far as I know) until the KYC procedure is done. This might leave you waiting to withdraw your money. Depending on your situation, this can become a big problem. Especially if you have to wait months.
That make sense since if you submit your KYC, it eliminates the problem that revolves around KYC and you will have the confidence to think that you will get your withdrawal. I think this is good for people who would want to stay long in the casino and has plan to gamble more.

Though there are people like me who gamble on KYC enabled casinos but only do KYC when asked, my reason is I don't gamble that much and have no experience of getting my account frozen because of not submitting KYC.

Importantly, just play on a reputable KYC enabled casino if you can, the possibility of not getting a lot of headache from withdrawing into those are high.
full member
Activity: 532
Merit: 171
I would like to add that if someone does decide to go for a KYC enabled casino, it would be a better thing to do the KYC before depositing any funds. Because either way, the casino will, at some point, demand KYC. And when this happens, they might take much longer to verify your KYC documents because they do not have any time limits on how long they are allowed to legally freeze your account (as far as I know) until the KYC procedure is done. This might leave you waiting to withdraw your money. Depending on your situation, this can become a big problem. Especially if you have to wait months.
That is what some people doesn't know and after making a mistake they will start complaining of money they lose in a gambling platform which is improper, kyc verification is necessary for some who have passed through a gambling platform before, because when you have not done your gambling verification in platform you are totally at risk because I know very well doing that will safe you a stress of been complained in a particular platform, so I know that gambling platform have to do with instructions and some people don't like following instructions
legendary
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
I would like to add that if someone does decide to go for a KYC enabled casino, it would be a better thing to do the KYC before depositing any funds. Because either way, the casino will, at some point, demand KYC. And when this happens, they might take much longer to verify your KYC documents because they do not have any time limits on how long they are allowed to legally freeze your account (as far as I know) until the KYC procedure is done. This might leave you waiting to withdraw your money. Depending on your situation, this can become a big problem. Especially if you have to wait months.
hero member
Activity: 784
Merit: 672
Top Crypto Casino
~Snip~
Anonymity: many Crypto-currency enthusiast are strong on having their identity secured and protected so they would tilt towards the no KYC required exchange but if the security of their identity can be assured then I see no problem with undergoing KYC requirements.

The individuals: some individuals can have criminal history and would definitely not go for KYC required process.



Well, that's the most important thing that you mentioned. The majority of crypto-currency enthusiasts or you can say gamblers don't really want to reveal their true identity in public due to privacy concerns and they love to remain anonymous. Those users will always prefer to go with the casinos that don't require KYC and they will try their best to avoid all those casinos that require KYC verification. Sometimes the gamblers who are in having good position in government also try to avoid KYC thing because it would be a difficult thing for a police officer to share his details on a casino site where he enjoys spending time. Such people just love to spend time on those casinos where information about KYC isn't needed, and sometimes those people who have done any criminal activity will also avoid the KYC thing. But, the criminals are so dam good at doing crimes that they can easily manipulate someone else and use his/her documents to complete KYC requirements.
hero member
Activity: 1498
Merit: 702
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.
It's not possible to get a clear statistics on if people actually prefer KYC required casino over no KYC required casino, personally I have no problem with kyc required casino platform or no KYC. But there are factors that should be considered before choosing.

Anonymity: many Crypto-currency enthusiast are strong on having their identity secured and protected so they would tilt towards the no KYC required exchange but if the security of their identity can be assured then I see no problem with undergoing KYC requirements.

The individuals: some individuals can have criminal history and would definitely not go for KYC required process.

full member
Activity: 532
Merit: 171
I don't do such man, I carefully research, understand and organize my posts myself. No need for AI generated posts. You can check from my profile. I'll  appreciate you contribute to the topic instead. I'm interested in learning more about this and that's why I raised the topic.
Artificial intelligent post is not hard to identify and whenever you see it you can identify it properly, but sometimes when you, but I want you to take note of responding to someone who reacted to your post because I know that you have not observed were you can respond to someone post directly so that the person will know that they are referring to you, what I wanted you to do is to make sure you click on the quote button of anyone you want to respond to, because if you make your post like this nobody the particular person you are quoting, so you need to be specific.
sr. member
Activity: 1316
Merit: 379
#SWGT PRE-SALE IS LIVE

More users will believe no KYC casinos are better which they would prefer using than the ones asking no KYC.  KYC casinos are still the top casinos though.

Somebodys gotta list the disadvantages for both classification to see how much users dislikes which. In reality, KYC casinos are still the ones we go to because decentralized casinos are no way guaranteeing security.

But as a gambler why do we always be afraid of kyc casino or gambling sites that request our personal details for withdrawal?
To me i still love those site that asked for kyc despite how risky it's to reveal our real identity but let say what are afraid of or do we intend to do evil in the casino site, which is not possible and i don't you would violate the their rules so why not just go for the kyc site to stops drama from most of the site that says no kyc but at last would definitely needs our details to request to withdraw a higher amount.

The most important things we should look out for is how the said casino would be trusted in terms of our funds and security that any funds deposited in that site is protected than just giving us stories after even collecting our kyc details. It might still occurs that our funds are not safe in their hands so, look out for the best site are always better to gamble before we could think about kyc.
legendary
Activity: 2688
Merit: 1192
The benefits of using no-KYC (Know Your Customer) casinos include:

Privacy: Players can remain anonymous since they are not required to produce any sensitive information regarding their Identity.

Easier Registration Process: Registration is usually quicker, less time consuming and less stressful as there's no need for identity verification documents.

Improved Access for Restricted Regions: Players from regions like Quatar, Brunei, Iran, Pakistan and others with strict gambling regulations and limited access to Casinos can Indulge in it without trace and will find no-KYC options more accessible and comforting.

Reduced risks of data breach: Since you're not sharing sensitive personal information, the risk of personal information shared with the casino operator being mishandled or having a data breach involving your sensitive data is given no chance.

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. Never forget to Always gamble responsibly.


The benefits of using KYC (Know Your Customer) casinos include:

Improved Security: KYC procedures helps to screen the players and correctly verify their Identity, making it more difficult for fraudsters to use the platform cos they cannot provide verifiable documents easily.

Regulatory Compliance: KYC compels casinos towards adhering to legal and regulatory requirements, reducing considerably the risk of legal issues and concerns.

Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.

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.

Accounts Recovery: In case of losing account information, KYC can assist in account recovery, ensuring players do not loose their hard-earned funds.

I believe it is also very imperative that we know about the drawbacks of KYC Casinos like lack of privacy, documentation stress, accessibility too because if you don't have access to proper documents, you cannot partake in it, trust concerns as it is difficult to verify the extent your provided data will be utilized. it is also very much time consuming to go through these processes.

finally, having known all these pros and cons, you can make your decisions on the casinos you want to get involved with as both types of casinos have their own good sides as well as limitations.

There are a lot of clever criminals out there and their tactics are always evolving over time. Outside of the biggest casinos shown discussed here, if you ever end up on a new site then you have to take a big leap of faith that they are genuine. There's much money to be made in collecting personal identity documents like passports and driving licenses, which can then be used to open accounts or be resold for all sorts of purposes. It is only through many years of experience that you might be able to detect little things that you feel might be "off" and you should stick with your instincts if anything seems out of place. Even very poor English on the customer service/help desk can be an indicator that something is wrong.
hero member
Activity: 700
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Eloncoin.org - Mars, here we come!
y'all just be blabbing incorrectly on a sited post like this just to improve post count.... How sensible is this statement of yours?? Do you take time to revise whatever thoughts you've got to share with the public at all??? Or you just go about saying anything that comes in your head?...haaaa!!

Well, I'll have to say that the choice is left for anyone that feels more comfortable, either with pseudonymity or not... I feel everything we do online here should basically be about our safety first so, I'd personally go for the KYCs...yeahh?

Sandra 🧑‍🦰
I make that comment for the op to avoid using AI for his posts but seen you are also supporting and encouraging him to do more. I never post for weekly count. I make post as a normal forum user. You are just vomiting and supporting nonsense. Do you really read the Op and made research before attacking me? Before I made the comment, I made research and you just came and insulting me of "blabbing incorrectly". Your utterance was very bad, I was not expecting you to support such write up or post.

Anonymity in online is unarguable. And I support the non KYC casinos because I don't like stress myself. Yes everyone have their own way of doing things. And if KYC will give me issue then I leave it for non KYC casinos.
hero member
Activity: 1022
Merit: 667
These are just the basic things that I guess a lot of people would have known by now. Currently, there's not much appeal to no KYC platforms as the reports on users trying casinos out that promotes their platforms using this 'feature' yet still require KYC at some point is increasing by the day. Also, people have realized that most of the time, no KYC casinos are those trying to fish out desperate users for their money, and are not delivering as promised or sometimes end up being a scam. Even though they know of the comparisons, most people would surely just go towards KYC platforms.
Unless for the newbies who can be easily deceive by such statement,  since their may not have the experience of first reading the terms and conditions of the casino and to check if the casino is a licensed casino or not,  and what are the level of the kyc requirement on the site, this are all that should be checked before considering a casino to be ok to create your account on.

And also we as gambler must make up our mind to either gamble on centralized casinos or decentralized casinos where KYC will not be required.
hero member
Activity: 1372
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better everyday ♥
nowadays many of these new casinos and when I talk about new casinos I am referring to casinos that have been in this market for only 3 years, have used the TOS as a weapon, especially in the kyc part, even when a person does level 2 kyc, if If this person deposits little money but is lucky enough to hit a game with a large multiplier, then the casino will ask for level 3 KYC, which generally ask for proof of where the funds came from, see how ridiculous this is because they let the person deposit little money. , they let the person play and when that person wins a lot of money in the casino itself, then the casino wants to know how that person has a lot of money in the casino account

This type of behavior from certain casinos is simply unbelievable, and when the person hands over the document, which is most of the time a photo containing the crypto account address he used to send the money and a photo of the exchange account or crypto wallet , the casino refuses. the casino completely forgets that we are in the cryptocurrency market where people buy cryptocurrencies to hodl and do day trade with cryptocurrencies, the casino purposely keeps asking for things from the bank but at the casino the person did not deposit money using the bank's debit card, so One thing is ridiculous about the casino's attitude

and it's not because the casino really doesn't realize that their attitude is ridiculous, they know that, but as they want to retain the customers' money so they keep using all kinds of meaningless things until they tire the customer so that the customer gives up his money that is in casino, by this I mean that having or not having kyc declared in the casino's TOS, as long as the casino behaves bad and uses its TOS as a weapon to steal people's money, then there will be no point in talking about the advantage and disadvantage of kyc and not kyc. Most casinos have already realized that putting in their TOS that they will ask for kyc and lying to people that they didn't ask for kyc has become a good strategy for them, although I can't understand how people believe these lies
Three years or thirty, they've caught on to using the TOS, especially the KYC part, as their trusty weapon. However, KYC is shit. It's a needless and tiresome inconvenience for  players. And who's the puppet master behind this? None other than our beloved government, forcing these rules upon casinos.

Nevertheless, These casinos are insane. They eagerly accept even the smallest deposits. But how come it's KYC Level 3 time all of a sudden when a player has a tremendous win because of Luck? What a joke. The crypto things are even funnier. We're in a crypto age, and these casinos expect bank proofs when crypto was used? Absurd!

The truth is, they know their tactics are ridiculous. All they're doing is taking a chance on the reality that most players will ultimately get tired and give up on their money. The play on the TOS is a typical example of making a promise and then breaking it. People falling for it is even more ridiculous  Huh Huh Huh
full member
Activity: 742
Merit: 157
I think people should stop believing these "No KYC" casinos. Most of them have no upfront KYC but that doesn't mean they are not going to ask in certain cases since it's part of their terms that they can enforce it when necessary. It's only a matter of time before crypto casinos would get licensed so just accept the fact that you'll have to submit documents at some point when you register.

I believe every license casino have to ask for KYC no matter how they hide it as a strategy to get gamblers that is avoiding KYC verification process.  No casino can be exempted from the regulatory board. 

I also don't want to play in a casino that has no license because there is a huge possibility that they can exit scam anytime since these casino is not bound to any rulings.  So I prefer a casino that is under regulation than a casino that is operating illegally (without license).
KYC is now mandatory in almost every casino. Although some casinos allow gambling without the KYC process, it is considered for those who have gained popularity or gained people's trust, but it is risky for those who are trying to operate a new casino. Normally one common feature of cryptocasinos is that KYC is not required. But now KYC has become mandatory due to various government regulations. But to avoid risk, gamblers must have confidence in licensed casinos where KYC is mandatory.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
I think people should stop believing these "No KYC" casinos. Most of them have no upfront KYC but that doesn't mean they are not going to ask in certain cases since it's part of their terms that they can enforce it when necessary. It's only a matter of time before crypto casinos would get licensed so just accept the fact that you'll have to submit documents at some point when you register.

They are just going after those players doesn't like to submit their KYC but the question their are they reputable enough to run a transparent casino? or do they have big funds to support their gamblers win. We can't be so sure if gamblers won some huge amount of cash on their casino will not required to submit this requirements since the common scenario happen is they ask us this so that we can possibly withdraw our earned money. That's why its better to be ready and choose those reputable casino since they are proven by years and KYC is not the big problem there reputation and their capacity to pay their players is important factor which can gamblers should needed to see.

Maybe at first glance KYC requirements can seem like an inconvenience to some players, they are an integral part of responsible and regulated gambling. Choosing a reputable casino ensures that your personal and financial information is handled securely and that you have a higher likelihood of receiving your winnings promptly.

But not only the KYC of the players, it would also be better if there is transparency of the online casinos especiall if there's changes in their opereations or terms and conditions.
legendary
Activity: 1162
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Leading Crypto Sports Betting & Casino Platform
...because decentralized casinos are no way guaranteeing security.

Though, we cannot deny that there is certainly some attractive features some gamblers would like from decentralized casinos, or casinos which can be considered to be open source. There would be no doubt about the fairness of the software.

On the other hand, keeping in mind there is already many precedents of decentralized services which have been hacked and stolen through exploits, then it would not judge if some gamblers would not dare to deposit their money in a decentralized casino.

In this business it would seem that reputation and reliability is more important than the net decentralization a casino can offer, and thus why centralized and regulated casinos are dominant in this ecosystem, they are not a warranty of security either, but when a hack happens gambler are less likely to suffer massive losses.
legendary
Activity: 2436
Merit: 1853
Leading Crypto Sports Betting & Casino Platform
What many need to know is the process so that there are no casinos that are so demanding with KYC, I understand that you want to do or have done research relevant to this, but all we are looking for is that KYC is more or less reduced, I don't know If you are one of the players who likes to leave their KYC, but in particular not me, that is why the issue with KYC is so broad, it could be said that a KYC when it is requested by a casino, it goes by levels, depending on what you want to withdraw, then what I have always thought is that they should approach it with different approaches, obviously the correct thing is that from a casino before a person goes to make a deposit, they inform them that they have to comply with KYC so that they can withdraw, because the KYC level goes from one withdrawal amount to another, that is what they should do before anything.

Being clear with this, it is obvious that many people cannot enter the casino, because they will be limited and will not be able to comply with the KYC, but it is a very particular way of telling the players that they will not get any unpleasant surprises. What I think is that from those things they can do it so that they keep, because what the Players don't like is that they play, win and then they come across the notice that they cannot withdraw the money because they have to comply with the KYC, So these things are what make you angry and that's the only thing that should be avoided.

KYC is currently almost mandatory for all casinos, there is no casino that escapes this unless it is a totally decentralized casino, for that reason we can do other things , Decentralized casinos basically charge everyone for the entrance and everything moves , even though privacy is preserved and anonymity is preserved , because things there are at another level, in a Centralized casino they can be quite strong due to these demands, so basically it is what we should see.
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