Topic: Reasons Crypto Players Skip Casinos with KYC - page 16. (Read 3426 times)
Well some of their reasons why they don't want kyc is that they don't want to expose their identity especially in money matter in this digital world. For me kyc is good but let's respect others opinion about it since we are not all the same. So of them skip it since there are a lot of requirements like what other said here.
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. 
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.
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.
Anonymity is the main reason for the people to avoid casinos with KYC,but it doesn't take too long for the approval.Even though if the casinos are more reputed we cannot trust them for giving all our sensitive information.
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.
You are risking your money and you are risking your identity too, these are the two issues that confront gambler when they are playing on a site that asks for KYC,
When you play gambling you already risk your money and its normal with or without a kyc because there are many sites that allows direct betting/playing but for other casinos they usually require a kyc before a user can play because they are more stricter and more legal .
it's ok to do KYC, gambling sites is so much like trading sites there are parameters that they must implement to protect both parties.of course it's different from ICO investing.
Kyc on casinos and on ico are i think both the same because they do all require a valid i.d and a selfie . doing them is not compulsory and its up to the user if he or she will do to continue or will choose to leave and look for other alternative
You are risking your money and you are risking your identity too, these are the two issues that confront gambler when they are playing on a site that asks for KYC, the site's arguments are all valid as long as they are compliant and they are in business for a long time, it's ok to do KYC, gambling sites is so much like trading sites there are parameters that they must implement to protect both parties.of course it's different from ICO investing.
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#2 Fear of Info Exploitation
I have submitted drivers license to a casino only for them to object on a minor detail and demand I send them my birth certificate as proof further. Eventually they just kept my money and closed down the firm, I call that exploitation. All they really had to do was refund the money to the card that funded the account but they weren't prepared to do that. Could be worse, it wasn't a large amount but this kind of example is more then anything why people avoid kyc operations as unreliable and anti consumer.
The industry needs to form a common policy and a way to appeal against forfeiture where its not profitable for a company to harvest customer funds and call it kyc. If there was some independence to this review it would help add integrity and trust, probably benefiting inward custom
I ignore casinos that require KYC because I want to experience a platform that does not love identity verification. I don't want my personality to revealed, and especially I don't want everything to be too complicated. Why do you have to spend a little more time with KYC and your identity reveal?
We all don’t want to reveal our identity and that is why we are not playing on those casinos who requires KYC. I think it should be done for a transactions like 100btc and up, i know its for the security of the gambling site but they should think that cryptogambling should remain anonymous. 
I don't understand why a 100% crypto only online casino would want your banking details. That doesn't sound right to me.
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.
That's true, and I think we don't have to play in the casino with KYC because there are many casinos which don't use KYC and we can join with them. Using KYC will be too risky for every people, and that is not worth to do because we can be vulnerable and besides that, our data can be sold by them if they want to make money from the illegal things.
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.
That's true, and I think we don't have to play in the casino with KYC because there are many casinos which don't use KYC and we can join with them. Using KYC will be too risky for every people, and that is not worth to do because we can be vulnerable and besides that, our data can be sold by them if they want to make money from the illegal things.
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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.
That's true, and I think we don't have to play in the casino with KYC because there are many casinos which don't use KYC and we can join with them. Using KYC will be too risky for every people, and that is not worth to do because we can be vulnerable and besides that, our data can be sold by them if they want to make money from the illegal things.
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.
KYC is not meant to be for gambling. KYC is for big investments or legal authority, not a person who can be anyone sitting behind the pc? Anyone here can have a casino, even people in this thread.
If someone on the forum asks for KYC why won't you give it to them but you will to a casino or unknowns running unknown companies with intentions unknown?
Even the strongest of fortresses unpetrable. Each time you give KYC you expose yourself to risk with each time increasing.
If someone on the forum asks for KYC why won't you give it to them but you will to a casino or unknowns running unknown companies with intentions unknown?
Even the strongest of fortresses unpetrable. Each time you give KYC you expose yourself to risk with each time increasing.
unlike bank account crypto wallet does not require KYC. Most people who own crypto do it because of anonymity , and they would like to spend it silently. So crypto casinos with KYC just not natural for their potential clients, and have disadvantage over many others casino which don't require KYC
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 the gambler has to pass through an exchange to buy or sell his btcs, the casino doesn't need to do the same procedure.
No matter if its and exchange or gambling site,if its being asked then owners wont really have any choice but to follow on whats being required.Most gambling sites now doesnt ask KYC
verification but there's a thing been written on their ToS but these are only applicable on some cases only so i dont see anything for us to be worried about.
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 the gambler has to pass through an exchange to buy or sell his btcs, the casino doesn't need to do the same procedure.
No one wish to verify themselves in this crypto field. Even i feel the same if anyone ask me to verify KYC for investment or for any kind of services. To gamble with our own fund they could ask KYC from us.
May be if they want to track the high investment they give the limit for the gamblers how the exchanges gives for KYC verified users. if that action has been taken then people will be enjoy in all the gambling sites.
May be if they want to track the high investment they give the limit for the gamblers how the exchanges gives for KYC verified users. if that action has been taken then people will be enjoy in all the gambling sites.
I ignore casinos that require KYC because I want to experience a platform that does not love identity verification. I don't want my personality to revealed, and especially I don't want everything to be too complicated. Why do you have to spend a little more time with KYC and your identity reveal?
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