Topic: Reasons Crypto Players Skip Casinos with KYC - page 15. (Read 3407 times)
Main reason is security and privacy. Anyone can use or sell your data over the internet. And how will it benefit to your gambling business if you ask for your users info just to gamble. They aren't withrawing money instead they are giving your business profit. Gamblers won't bother completing kyc if there are websites where they can play without having to do kyc.
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
Exactly.Gamblers chose crypto gambling because its real identities are not revealed but with KYC that is happening right now,I think there is no 100% security that all our personal information will not be revealed.I understand its for the security between the gambler and the gambling sites but still i am not confident in giving my personal information to any of those staffs in casinos.I won't give any details about the source of funds because that is my secret and that is why I don't like to fill KYC on the internet. Maybe I was too scared to give my personal identification because I hear much bad news on the internet that telling their personal information was stolen by another party. The simple example of this is the email that we use has been used for many things by them, and I cannot imagine how if that is my personal information that will be used by them.
because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
Exactly.Gamblers chose crypto gambling because its real identities are not revealed but with KYC that is happening right now,I think there is no 100% security that all our personal information will not be revealed.I understand its for the security between the gambler and the gambling sites but still i am not confident in giving my personal information to any of those staffs in casinos.
because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
Exactly.Gamblers chose crypto gambling because its real identities are not revealed but with KYC that is happening right now,I think there is no 100% security that all our personal information will not be revealed.I understand its for the security between the gambler and the gambling sites but still i am not confident in giving my personal information to any of those staffs in casinos.
because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
Exactly.Gamblers chose crypto gambling because its real identities are not revealed but with KYC that is happening right now,I think there is no 100% security that all our personal information will not be revealed.I understand its for the security between the gambler and the gambling sites but still i am not confident in giving my personal information to any of those staffs in casinos.
because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
People always want things to take place anonymous. When this is possible through the usage of cryptocurrencies the demand of cryptocurrency functional gambling websites keeps growing. Bitcoin is said to be pseudo anonymous when it comes to transactions which keeps the mind of common people under control.
Individual has there different reason for avoiding casino or any other gambling site which requires know your customer process.
Some might be for
1. Security reasons: you can never tell what they do with those details you provide to them so this makes people scared.
2. Stringent process: so know your customer process are just too tasking and time wasting
3. Evil intentions: so customers with bad intentions would not want to be identified so they avoid those type of casino
Some might be for
1. Security reasons: you can never tell what they do with those details you provide to them so this makes people scared.
2. Stringent process: so know your customer process are just too tasking and time wasting
3. Evil intentions: so customers with bad intentions would not want to be identified so they avoid those type of casino
Most people avoid casino's with KYC just because they care about privacy and this is the important factor that cryptocurrency gambling to be more popular in short term.
Privacy is important and no one will fight that aspect, but what makes us think these information are not kept private with the casino site and why cant we trust that can’t trust that they will not expose it. Most of the sites we gamble on are old sites that have been existing for long and most the times we choose them because of these reason, so if we can choose this site with our Bitcoin and money, what is then mere information we dread so much to submit with them.I think there is more to gamblers refusing to fill KYC form on casino sites aside from privacy. Moreover I think most casino site have clearly defined reasons why they need it and its mainly because of money laundering.
It may not be such a desired option to have to turn over your identity but if its the only option to playing at a casino, is it worth it for you
If you have nothing to hide and enjoy a certain casino that may ask for kyc, just dont break any laws and the rest will be ok
I laugh at some of the people on here who are so fearful of the kyc procedure that they think the local govs will come after them
I have done the kyc procedure with 3 BITCOIN casinos and guess what I am still alive and well
If you have nothing to hide and enjoy a certain casino that may ask for kyc, just dont break any laws and the rest will be ok
I laugh at some of the people on here who are so fearful of the kyc procedure that they think the local govs will come after them
I have done the kyc procedure with 3 BITCOIN casinos and guess what I am still alive and well
Only if the casino you are giving you identities is worth the try, some casinos out there are doing under the hood jobs, even worst are selling your identities. I know the I am against KYC but everyone have to be respected and hide their identities especially on the world of internet, this is a critical world.
The article has 4 reasons, but I'll name a 5th one,
Uncertainty of tax/fees.
If someone has 49% to win $1000 and 51% to lose $1000, they might consider it a fair probability to gamble.
But if they are to be taxed 20% or 30% in case they win, then that's 49% to win about $750 or 51% to lose $1000. A pretty stupid gamble to take.
Therefore, in order to make sure one won't receive a bill in their doorbell after a few months, it's natural they'd expect an anonymity.
That's a 5th reason.
Uncertainty of tax/fees.
If someone has 49% to win $1000 and 51% to lose $1000, they might consider it a fair probability to gamble.
But if they are to be taxed 20% or 30% in case they win, then that's 49% to win about $750 or 51% to lose $1000. A pretty stupid gamble to take.
Therefore, in order to make sure one won't receive a bill in their doorbell after a few months, it's natural they'd expect an anonymity.
That's a 5th reason.
Good point! Indeed it is annoying when they tax gifts, inheritance or winnings in gambling. And in gambling, if you think of it as of an additional house edge, your chances of winning become much much smaller than that without the taxes. They would better be taxing corrupt politicians who steal millions and billions USD from people, than gamblers who win $1,000 in a year.
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Activity: 2912
Merit: 541
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Gambling are 100 and more numbers in the marketplace.
If you want to use the gambling site you can use the available gambling where is no kyc verification things.
Then bitcoin is anonymous and the bitcoin users who love the gambling also wish the same.
Right. There are still gambling sites that don't require KYC. While others understand the KYC procedure and share their personal information, as much as possible i still want to play anonymous from other gamblers out there so i gamble only where there is no KYC requirement.If you want to use the gambling site you can use the available gambling where is no kyc verification things.
Then bitcoin is anonymous and the bitcoin users who love the gambling also wish the same.
We can choose that gambling site which doesn't need KYC, and we can play without thinking about sending any document. Protecting our identity from any potential hacking or scamming will necessary because if it's not us, who can save our documents while it's too risky to send the document into any website. It is better to prevent something worse rather than we can get trouble in the future.
Well, people will have different say about this KYC feature. But as we all know, KYC is implemented for some reason and that reason was already mentioned at the original post. Though it was clear, we cannot deny that it is viewed by some as hassle like the number 1 reason why they skip online casinos with KYC—anonimity. Though KYC is rooted from the trust issues of the website and for its security, the player is not 100% certain that his/her identity will not be revealed. Because after all, bandits are now also coping with the technology thus using it for their advantage. And besides, we considered online gambling so that we can protect our privacy. If KYC is a requirement in online gambling, then might as well we just gamble on fiat because there's no more difference. We are not anonymous at all.
Well, that's just my POV which is based from what I have read on this forum regarding KYC—they primarily want to avoid the hassle and want to keep their anonimity. I'm not pro or against KYC because I do not consider myself as a gambler. So I'll leave the decision up to those who really gamble whether they want to skip online casinos with such or just go along with it.
Well, that's just my POV which is based from what I have read on this forum regarding KYC—they primarily want to avoid the hassle and want to keep their anonimity. I'm not pro or against KYC because I do not consider myself as a gambler. So I'll leave the decision up to those who really gamble whether they want to skip online casinos with such or just go along with it.
Gambling are 100 and more numbers in the marketplace.
If you want to use the gambling site you can use the available gambling where is no kyc verification things.
Then bitcoin is anonymous and the bitcoin users who love the gambling also wish the same.
Right. There are still gambling sites that don't require KYC. While others understand the KYC procedure and share their personal information, as much as possible i still want to play anonymous from other gamblers out there so i gamble only where there is no KYC requirement.If you want to use the gambling site you can use the available gambling where is no kyc verification things.
Then bitcoin is anonymous and the bitcoin users who love the gambling also wish the same.
But what is really bad about submitting KYC? Is it not just filling of personal information? This is what i do in most exchanges when i want to carry out a transaction and even ICOs
KYC ask for your information and valid ID giving this kind of information to any site is risky.
it may look like a small thing for you but it can be use in different and illegal things which might
put you in an undesirable situation.
If you are then not confident enough to trust a site you choose to play games, how do you expect them to trust you as well. Because I feel the reason for the implementation of these is to eradicate fraudulent acts, and if you have a clear heart then it should mean nothing and you can as well trust your casino site to keep to their deal of secrecy.
Gambling are 100 and more numbers in the marketplace.
If you want to use the gambling site you can use the available gambling where is no kyc verification things.
Then bitcoin is anonymous and the bitcoin users who love the gambling also wish the same.
Right. There are still gambling sites that don't require KYC. While others understand the KYC procedure and share their personal information, as much as possible i still want to play anonymous from other gamblers out there so i gamble only where there is no KYC requirement. If you want to use the gambling site you can use the available gambling where is no kyc verification things.
Then bitcoin is anonymous and the bitcoin users who love the gambling also wish the same.
Gambling are 100 and more numbers in the marketplace.
If you want to use the gambling site you can use the available gambling where is no kyc verification things.
Then bitcoin is anonymous and the bitcoin users who love the gambling also wish the same.
If you want to use the gambling site you can use the available gambling where is no kyc verification things.
Then bitcoin is anonymous and the bitcoin users who love the gambling also wish the same.
It may not be such a desired option to have to turn over your identity but if its the only option to playing at a casino, is it worth it for you
If you have nothing to hide and enjoy a certain casino that may ask for kyc, just dont break any laws and the rest will be ok
I laugh at some of the people on here who are so fearful of the kyc procedure that they think the local govs will come after them
I have done the kyc procedure with 3 BITCOIN casinos and guess what I am still alive and well
If you have nothing to hide and enjoy a certain casino that may ask for kyc, just dont break any laws and the rest will be ok
I laugh at some of the people on here who are so fearful of the kyc procedure that they think the local govs will come after them
I have done the kyc procedure with 3 BITCOIN casinos and guess what I am still alive and well
Most people really do have that kind of mentality. They thought that accomplishing the KYC procedure will be a real danger to their identity. And yes, if you are confident that you are following the necessary guidelines and being a good citizen. Then, I don't think you have something to be afraid of just by filling out kyc stuffs. But remember, only to authentic ones, because other gambling websites might just use your info for other scamming activities.
It may not be such a desired option to have to turn over your identity but if its the only option to playing at a casino, is it worth it for you
If you have nothing to hide and enjoy a certain casino that may ask for kyc, just dont break any laws and the rest will be ok
I laugh at some of the people on here who are so fearful of the kyc procedure that they think the local govs will come after them
I have done the kyc procedure with 3 BITCOIN casinos and guess what I am still alive and well
If you have nothing to hide and enjoy a certain casino that may ask for kyc, just dont break any laws and the rest will be ok
I laugh at some of the people on here who are so fearful of the kyc procedure that they think the local govs will come after them
I have done the kyc procedure with 3 BITCOIN casinos and guess what I am still alive and well
Yes, there is crypto players want to skip casino because of KYC, sometimes many requirements required and need to wait long time for Kyc aproval and for me if you are a gambler is better to be unknown for safety purpose.
This is not a rocket science and is very easy to comprehend. They do not need and want a KYC that can trace them down in few seconds and that can bring them under the accountability. It can make you pay a part of your money won in gambling as tax money to the state as well and this is something no one would love to do hence no KYC.Jump to: