Topic: Reasons Crypto Players Skip Casinos with KYC - page 5. (Read 3407 times)
I'm ok doing KYC to a legit gambling site because they are more compliant, there are gambling sites that do not implement KYC, but if you've won a big amount, they will likely ask you for KYC because of the AMC thing and they do not want to violate the rules of the country where they operate.
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There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
You have just spoken my mind. It should be investors who are suppose to ask for KYC and not the gamblers because, we all know that the government of every individuals have a reserve tolerance for gamblers which some have a penalty if caught in the act or if reveal through the process of doing KYC. More reasons why I jumped online casinos with KYC is because of my government restrictions on gambling, am afraid of my data be sold out.I don't support a casino which applies the KYC, and I prefer to stay away from them. I feel that it is not right to give my personal identity to them because they can use it for many things. Besides that, once we send any document to them or to any third party which we don't know how good they are, the chance to get spread in the dark market will wide open. We cannot do anything if our document has been for illegal thing and we could only wait for what will happen later.
Those gamblers doesn't have an advantage when the do KYC but the owner of the site does have. What if they will use your personal information in bad things like selling it. You can do KYC only if the site requires it and most of the times, they always state in the TOS when you need to do KYC.
Honestly, I doubt if the owner of the gambling site will sell your personal data for additional income. The income from such a sale is tiny, compared to the commission that the gambler will give him simply by spinning slots in his casino. A bad reputation in exchange for a couple of bucks is a worthless bargain.Quote
that why most of gamblers don't share their KYC. But I think there is no issue to share your KYC I don't think that any web site would do this illegal act. When I saw any good casino that give me good offers so I never reject
But here you’re pointing that there’s no issue in doing such..Are you sure that you understand what you are saying here?or this is just a nonsense post?its your word against own word..
Still for me there’s no reason why need to Give KYC because we are here anonymously and I will let that stay same way
Those gamblers doesn't have an advantage when the do KYC but the owner of the site does have. What if they will use your personal information in bad things like selling it. You can do KYC only if the site requires it and most of the times, they always state in the TOS when you need to do KYC.
Honestly, I doubt if the owner of the gambling site will sell your personal data for additional income. The income from such a sale is tiny, compared to the commission that the gambler will give him simply by spinning slots in his casino. A bad reputation in exchange for a couple of bucks is a worthless bargain.
It is correct that it is the reason why crypto players skip casinos that has KYC implemented in it. If they are in a country where it is not legalized gambling then they can't play in that site. If the site is compromised then their personal data might be compromised or get stolen.
There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
You have just spoken my mind. It should be investors who are suppose to ask for KYC and not the gamblers because, we all know that the government of every individuals have a reserve tolerance for gamblers which some have a penalty if caught in the act or if reveal through the process of doing KYC. More reasons why I jumped online casinos with KYC is because of my government restrictions on gambling, am afraid of my data be sold out.
Those gamblers doesn't have an advantage when the do KYC but the owner of the site does have. What if they will use your personal information in bad things like selling it. You can do KYC only if the site requires it and most of the times, they always state in the TOS when you need to do KYC.
It's their option to do so before complying with KYC of any casino.Be sure that you really trust that casino and even your information if you are required to comply. Most of us have issues with KYC because of those underground selling of information which isn't a secret anymore.
Those gamblers doesn't have an advantage when the do KYC but the owner of the site does have. What if they will use your personal information in bad things like selling it. You can do KYC only if the site requires it and most of the times, they always state in the TOS when you need to do KYC.
Honestly, I doubt if the owner of the gambling site will sell your personal data for additional income. The income from such a sale is tiny, compared to the commission that the gambler will give him simply by spinning slots in his casino. A bad reputation in exchange for a couple of bucks is a worthless bargain.Totally agree with witcher. Building up a userbase with a functioning betting product just to sell user details is not a business plan, it's stupid. However, to quote Zappa:
“Some scientists claim that hydrogen, because it is so plentiful, is the basic building block of the universe. I dispute that. I say there is more stupidity than hydrogen, and that is the basic building block of the universe.”
So people will do it *because* it's stupid.
They might also do it if their business is dead and they have nothing more to lose.
At the same time, *some* level of KYC is just a necessary part of AML for any regulated organization, and AML is a good thing.
Those gamblers doesn't have an advantage when the do KYC but the owner of the site does have. What if they will use your personal information in bad things like selling it. You can do KYC only if the site requires it and most of the times, they always state in the TOS when you need to do KYC.
Honestly, I doubt if the owner of the gambling site will sell your personal data for additional income. The income from such a sale is tiny, compared to the commission that the gambler will give him simply by spinning slots in his casino. A bad reputation in exchange for a couple of bucks is a worthless bargain. 
There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
Those gamblers doesn't have an advantage when the do KYC but the owner of the site does have. What if they will use your personal information in bad things like selling it. You can do KYC only if the site requires it and most of the times, they always state in the TOS when you need to do KYC. Yes, we believe that's how it should be used - no KYC required for lower, 'recreational' stakes. But KYC for large amounts where the possibility of money laundering becomes relevant. This system is what we will be implementing when we launch exbet.io later in 2019.
But I think if you want to use KYC, it should apply for the gamblers who will be using a big money to playing gambling. I am sure that you can see it in the each member's history so you can send them an email or message telling them about completing the KYC. But for gamblers who will not use a big money, then they don't have to complete the KYC because they only use small money to gamble and who knows, they are gamble for just fun. I think that will prevent the money laundering that you worried and the gamblers will be carefully to use a big money to gamble. That is the only suggestion for you.
Right, that is exactly how we believe it should work:
1. No KYC *ever* for smaller stakes punters
2. KYC only for those who want to deposit large amounts
That way, you keep it simple and fun for 99% of people.
There are no advantages when doing KYC in the game.
there is . when you do a kyc your account becomes free from restriction versus to an account that did not do a kyc because thier accounts are only limited . they cant deposit or withdrew big amounts of cryptos and other features of the game are also hidden for non verified/partial verified users .kyc makes you confident and being confident can improve your game play which can result for you to win . i already do a kyc on one gambling site that i use , you guys should too
There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
You have just spoken my mind. It should be investors who are suppose to ask for KYC and not the gamblers because, we all know that the government of every individuals have a reserve tolerance for gamblers which some have a penalty if caught in the act or if reveal through the process of doing KYC. More reasons why I jumped online casinos with KYC is because of my government restrictions on gambling, am afraid of my data be sold out.Besides of the investors, the company who is running the business will need to do KYC so they can be a legit program's investment.
That will be different if we use the local casino to gamble and perhaps we need to show our ID before we enter to the places. But I guess that we don't have to fill the KYC to get in the local casino. As long as we are adult people, I think the casino will be no problem with us because we want to play gambling in their place.
Many of us are afraid about selling the data to the other party because with those data, and they can use it for anything they want. That is the reason for most gamblers to avoid the KYC process in online gambling or another website.
There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
You have just spoken my mind. It should be investors who are suppose to ask for KYC and not the gamblers because, we all know that the government of every individuals have a reserve tolerance for gamblers which some have a penalty if caught in the act or if reveal through the process of doing KYC. More reasons why I jumped online casinos with KYC is because of my government restrictions on gambling, am afraid of my data be sold out.There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
You have just spoken my mind. It should be investors who are suppose to ask for KYC and not the gamblers because, we all know that the government of every individuals have a reserve tolerance for gamblers which some have a penalty if caught in the act or if reveal through the process of doing KYC. More reasons why I jumped online casinos with KYC is because of my government restrictions on gambling, am afraid of my data be sold out. There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
After for investing your money in crypto it’s easy to share your KYC but don’t expect more than this. In casinos if they are asking for the KYC people most of the Time get afraid of sharing their KYC because of high security issues so if the casino takes responsibility of future misshapes then it’s ok to provide your KYC.And I rather not play in gambling sites that ask KYC than those who ask
And besides why would people need to give them our details when all we wanna do is enjoy?
There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
After for investing your money in crypto it’s easy to share your KYC but don’t expect more than this. In casinos if they are asking for the KYC people most of the Time get afraid of sharing their KYC because of high security issues so if the casino takes responsibility of future misshapes then it’s ok to provide your KYC.There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.
After for investing your money in crypto it’s easy to share your KYC but don’t expect more than this. In casinos if they are asking for the KYC people most of the Time get afraid of sharing their KYC because of high security issues so if the casino takes responsibility of future misshapes then it’s ok to provide your KYC.
Nice Infographic OP kudos for effort taking your time making this...
the reason players skipping KYC in casinos is
1. your identity is compromised - all websites are prone from hacking so, if the hacker obtains your personal information, they hack your bank information or they can be use you identity to scam someone else.
2. Too much work - well doing KYC is too much work since some casinos requiring too many documentsin order to withdraw plus the waiting time you have to wait for 3 days - 7 days to get your verification done.
the reason players skipping KYC in casinos is
1. your identity is compromised - all websites are prone from hacking so, if the hacker obtains your personal information, they hack your bank information or they can be use you identity to scam someone else.
2. Too much work - well doing KYC is too much work since some casinos requiring too many documentsin order to withdraw plus the waiting time you have to wait for 3 days - 7 days to get your verification done.
I think your number one reason is the main thing why people associate those who want privacy with those who want to hide things.
Anonymity is not necessarily the reason we skip crypto casinos with KYC. I do not mind so much for people to know who I am, what I do mind is that they can keep my personal data, my photograph, my ID, etc,,, this is my privacy protection, not so much anonymity. Am I right?
Anonymity is not necessarily the reason we skip crypto casinos with KYC. I do not mind so much for people to know who I am, what I do mind is that they can keep my personal data, my photograph, my ID, etc,,, this is my privacy protection, not so much anonymity. Am I right?
Yes, I agree what you said the main reason why most people skip casinos with KYC because they have your data, that they can use without any advisory to you and if you are a very protective person giving your personal information is not your type especially if an anonymous person can have it. Also, I'm sure you will not enter this kind of casinos.
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