Reasons Crypto Players Skip Casinos with KYC - page 10.

maydna

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Quote from: Irvinn on July 07, 2019, 09:28:59 AM

It seems to me that online casinos are not always required to provide passport data appropriate. You still have such countries where such game resources are officially registered and they need to keep records of income and expenditure of funds. And without registration of users - it is impossible to do. But this is just my opinion.

That will be a choice for the gamblers to register in that online casinos because they don't have to send any document to play gambling. I see that many gamblers don't like to send their personal information, and I don't like too, because we only want to release our stress by playing gambling and while we are connected to the internet, we spend our time to gamble.

We consider gambling as a way to have fun and not for making money and that is why we don't need to do kyc. But if we want to make a business, then I think kyc is needed because it will give more trust to our customer.

Distinctin

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Quote from: Irvinn on July 07, 2019, 09:28:59 AM

It seems to me that online casinos are not always required to provide passport data appropriate. You still have such countries where such game resources are officially registered and they need to keep records of income and expenditure of funds. And without registration of users - it is impossible to do. But this is just my opinion.

I'm just happy that casinos in crypto space does not require us such, we can gamble without any documents submitted as their purpose is to help customers gamble anonymously. However, if time comes that the regulation will become strict, I think submitting and ID would already suffice, pastport is too much, that document can be use for illegal activities in case the site leak or sell it. We know how risky our venture here in the crypto space, so we need to be very careful in submitting our personal documents.

michellee

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Quote from: ?? on ??

I think kyc is important but the problem can cine from scam sites or sites who not have a good security and documents to be shared with 3rd parties, but if huge amount of money are put on a casino if they have a rule to ask kyc they will ask it.

Although kyc is important, I think in online gambling, people can avoid registering on the gambling website, which requires the kyc so they can protect their identity from the scamming target. The most reason for the gamblers who don't want to join in the casino with kyc is only because they want to prevent themselves from the scamming. We don't know if the documents will be safe with them because they don't tell us how they will keep the documents.

Rufsilf

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Quote from: slaman29 on July 08, 2019, 02:09:06 AM

Quote from: ?? on ??

I think kyc is important but the problem can cine from scam sites or sites who not have a good security and documents to be shared with 3rd parties, but if huge amount of money are put on a casino if they have a rule to ask kyc they will ask it.

Why should it matter if a huge amount of money is put, or a small amount? You have to understand the whole concept of KYC is because of compliance with laws of anti money laundering and to prevent other sort of criminal activity like terrorist funding.

I saw a documentary once about how the bombs were funded in some parts of the world, tiny tiny amounts were sent from 100s of different sources, all flowing to the same organization. And this way they were not tracked because it was tiny amounts.

Right, they normally do it in tiny amounts not to get attention from banks because if they do it in big amount surely they will be investigated. For me, KYC is good because it will serve as an added security not only for the players but for the owners as well.

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Quote from: ?? on ??

I think kyc is important but the problem can cine from scam sites or sites who not have a good security and documents to be shared with 3rd parties, but if huge amount of money are put on a casino if they have a rule to ask kyc they will ask it.

Why should it matter if a huge amount of money is put, or a small amount? You have to understand the whole concept of KYC is because of compliance with laws of anti money laundering and to prevent other sort of criminal activity like terrorist funding.

I saw a documentary once about how the bombs were funded in some parts of the world, tiny tiny amounts were sent from 100s of different sources, all flowing to the same organization. And this way they were not tracked because it was tiny amounts.

xSkylarx

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Quote from: ?? on ??

I think kyc is important but the problem can cine from scam sites or sites who not have a good security and documents to be shared with 3rd parties, but if huge amount of money are put on a casino if they have a rule to ask kyc they will ask it.

Do you mean those high rollers? I doubt they will comply to submit their private info. It will put them at risks even if we say that website is well known. If you suspect he is a thief I don't think someone will just steal for the sake of gambling. That will be a different level of addiction.

BUK2016

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There are some company owners who's their identity is not known to their customers and the customers may equally want to know them too. Am say this because most KYC are always targeting customers forgetting that there are projects owners fail to make their identity unknown to their customers. As for me , KYC is fine and be encourage but it should not be only for customers.

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Quote from: Irvinn on July 07, 2019, 09:28:59 AM

It seems to me that online casinos are not always required to provide passport data appropriate. You still have such countries where such game resources are officially registered and they need to keep records of income and expenditure of funds. And without registration of users - it is impossible to do. But this is just my opinion.

I think the gamblers can accept if the real casino needs their identity before they can play because I think the casino wants to know their player, their background, and else. They ask for the identity so if something bad happens to the gamblers, they can contact the other family members to help them to solve the problem. But if the online gambling needs KYC to their player, I think the gamblers won't give or don't like that because many gamblers don't like the KYC.

Irvinn

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It seems to me that online casinos are not always required to provide passport data appropriate. You still have such countries where such game resources are officially registered and they need to keep records of income and expenditure of funds. And without registration of users - it is impossible to do. But this is just my opinion.

jademaxsuy

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Quote from: STT on July 07, 2019, 08:28:35 AM

Quote from: sandra_x on July 06, 2019, 05:31:54 PM

also KYC are a pain in the ass sometimes

To put it mildly yes, KYC can end up meaning leverage against the consumer without any real regulation or ability to appeal to fair appliance of the policy. If it was applied in a balanced way perhaps but unfortunately it can also just be bullying with an excuse to hold onto funds endlessly.

yes, ground for bullying and I never thought of this until you have stated it here. Anyway, whether with or without KYC if one really is open then it is not really that important. One can still cheat in KYC by using other profile and other credentials without the knowledge of one getting use to.

STT

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Quote from: sandra_x on July 06, 2019, 05:31:54 PM

also KYC are a pain in the ass sometimes

To put it mildly yes, KYC can end up meaning leverage against the consumer without any real regulation or ability to appeal to fair appliance of the policy. If it was applied in a balanced way perhaps but unfortunately it can also just be bullying with an excuse to hold onto funds endlessly.

kennen1113

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Quote from: LogitechMouse on July 05, 2019, 09:46:04 PM

Giving your personal information to a site which is not government regulated is dangerous because they can be hackers and they can do anything to your information. You can give your information if they are government regulated but since crypto isn't regulated at this moment, crypto gambling sites that requires KYC is a red flag for me.

Indeed, our information that provides gambling sites, it can be leaked by wise hackers, worse, when this information falls into the hands of the government, we will get a lot of trouble because first, the governments of the countries have very little support for crypto users, crypto really only creates trouble for the government when crime from this field is becoming very crowded. In addition, almost gambling is an act that the government prohibits, combining these two crimes, I don't think we can be comfortable when our information is known to the government.

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Quote from: JohnBitCo on July 07, 2019, 02:07:54 AM

Quote from: nikola22 on June 29, 2019, 04:56:53 PM

if players wanted to make a KYC they would use the traditional online casino. if they choose bitcoin casino it means they don't want to make KYC and prefer to be anonymous.

People uses bitcoins and crypto to be able to remain hidden and anonymous, so why would they do the kyc which would reveal them to the casino owners and the public ( if the kyc information is leaked for the site intentionally or unintentionally). Also people prefer online casino only to hide their identity and if they have to show themselves, they may prefer physical casino again.

Exactly! A lot of people, especially those who are famous personalities, really want to play and have fun gambling in a phyiscal casino but to avoid being talked about, gossips, and insinuations, they prefer not to. And thanks to online casinos nowadays, they can still enjoy what they really want to do. And now the KYC? This is the very reason they get into online casinos in the first place.

JohnBitCo

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Quote from: nikola22 on June 29, 2019, 04:56:53 PM

if players wanted to make a KYC they would use the traditional online casino. if they choose bitcoin casino it means they don't want to make KYC and prefer to be anonymous.

People uses bitcoins and crypto to be able to remain hidden and anonymous, so why would they do the kyc which would reveal them to the casino owners and the public ( if the kyc information is leaked for the site intentionally or unintentionally). Also people prefer online casino only to hide their identity and if they have to show themselves, they may prefer physical casino again.

sandra_x

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One of the reasons I do use cryptocurrency (amongst others) is because of the anonymity it provides, that is easily lost when you associate any of your bitcoin address to a kyc verified account, also KYC are a pain in the ass sometimes

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Quote from: Altero on July 06, 2019, 09:34:21 AM

We all just worried about our security and skipping casinos asking our personal details is the best thing we can do that of having regrets in the future.
Giving our personal data to someone we don't know is just risking our self at all. Not to be sure that it can be at safe keep or they'll be using it to some unlawful activities. Will have this trouble might fall into us.

Yeah even regular casinos don't ask for your information aside from your payment details. I think i wouldn't mind if it's a legitimate registered casino. You can run after those types if your info gets leaked. For crypto casinos, nah. Too risky. I'm already risking my money playing. Doubling the risk wouldn't make sense. And there are a lot of crypto casinos to choose from anyway that doesn't require kyc.

RealMalatesta

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I think it is more about comfort levels than anything else. I mean its not about even KYC at this point. Think about a casino that requests you to find the most ripe apple in your house and if you do not have any then go get one (send your passport and if you do not have one then go get one) and then take a picture of it and upload it with your face on the picture plus holding a sign saying you are who you are and then wait for confirmation.

Look this is just an apple, not passport, not have anything important but your face and you can just pick one from your home and pose with it and then get confirmed in few hours and gamble. Even that would be too much work for people when there are places that doesn't ask for anything, so I doubt its about KYC as much as "there are places that don't ask me so screw you" type of deal.

Altero

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We all just worried about our security and skipping casinos asking our personal details is the best thing we can do that of having regrets in the future.
Giving our personal data to someone we don't know is just risking our self at all. Not to be sure that it can be at safe keep or they'll be using it to some unlawful activities. Will have this trouble might fall into us.

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Quote from: RivAngE on July 06, 2019, 07:51:03 AM

Quote from: semobo on July 06, 2019, 03:04:10 AM

Quote from: noormcs5 on July 06, 2019, 01:23:12 AM

Quote from: semobo on July 05, 2019, 04:07:03 PM

Quote from: sheenshane on July 05, 2019, 01:41:58 AM

There are gamblers that skeptical on that gambling site that has the implementation of KYC/AML because, for them, gambling is not the right way to expose your real identity to the public or on the internet. There's no problem for me if I undergo in passing personal data as long as the site is trusted and reputed enough and they are operated at least 1 year old.

Different gamblers have each different perspective way on adopting KYC because they want lurking around and remain of being anonymous since cryptocurrency is also anonymous.

For now exposing your privacy is not a big deal but if you turned out to be a millionaire in the next few years and all your sensitive information available on the sites of gambling,its really danger right?

Even if you do not become millionaire, your private data can be misused. It can be used for any agreement or proof in the unlawful and illegal activities and you can be in serious trouble if this happens. It is not advisable to give your personal data to websites on the internet which have no reputation.

That's what my reply defines to the above postbut many people not aware of that their information will get misused and also they are trusting the reputation of an online website when even the biggest online company steals and sells our identity to companies.

Cough face-cough-book!

Even worse than being spammed with phising emails, if you win big you might have the government in your door the next day asking for 50% of your winnings!!

No no no . the governments will never do that . they wont come at your door step because that is a big hassel to them but instead what they will usually do is that they will charge you or the gambling site will charge you tax after you won . and whats the facebook thingy that you posted above ? You mean facebook also steals our data ? Your right though . i have heard of that news before but its not really a big deal to some average joe . they only care about using facebook

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Quote from: semobo on July 06, 2019, 03:04:10 AM

Quote from: noormcs5 on July 06, 2019, 01:23:12 AM

Quote from: semobo on July 05, 2019, 04:07:03 PM

Quote from: sheenshane on July 05, 2019, 01:41:58 AM

There are gamblers that skeptical on that gambling site that has the implementation of KYC/AML because, for them, gambling is not the right way to expose your real identity to the public or on the internet. There's no problem for me if I undergo in passing personal data as long as the site is trusted and reputed enough and they are operated at least 1 year old.

Different gamblers have each different perspective way on adopting KYC because they want lurking around and remain of being anonymous since cryptocurrency is also anonymous.

For now exposing your privacy is not a big deal but if you turned out to be a millionaire in the next few years and all your sensitive information available on the sites of gambling,its really danger right?

Even if you do not become millionaire, your private data can be misused. It can be used for any agreement or proof in the unlawful and illegal activities and you can be in serious trouble if this happens. It is not advisable to give your personal data to websites on the internet which have no reputation.

That's what my reply defines to the above postbut many people not aware of that their information will get misused and also they are trusting the reputation of an online website when even the biggest online company steals and sells our identity to companies.

Cough face-cough-book!

Even worse than being spammed with phising emails, if you win big you might have the government in your door the next day asking for 50% of your winnings!!

Topic: Reasons Crypto Players Skip Casinos with KYC - page 10. (Read 3407 times)