Reasons Crypto Players Skip Casinos with KYC - page 6.

ethereumhunter

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Quote from: exbet.io on September 05, 2019, 07:42:55 AM

Quote from: Darker45 on August 09, 2019, 09:45:27 AM

I hate KYC myself. I think it is best for casinos to put a certain limit. It doesn't have to be everyone. They could set like $10,000 above who will undergo KYC process. Those who are playing with a hundred USD could do away with it.

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.

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Quote from: leea-1334 on September 05, 2019, 07:11:04 AM

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?

Absolutely right.We don't care much if verification is needed we provide the necessary information but how do we know that the information we provide is not misused by the casino?There is no real way to know this and thus many many gamblers are more likely to be in favour of no KYC policy crypto casinos.

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Quote from: Darker45 on August 09, 2019, 09:45:27 AM

I hate KYC myself. I think it is best for casinos to put a certain limit. It doesn't have to be everyone. They could set like $10,000 above who will undergo KYC process. Those who are playing with a hundred USD could do away with it.

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.

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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?

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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.

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Quote from: kennen1113 on September 04, 2019, 08:47:22 AM

Quote from: ethereumhunter on September 04, 2019, 06:24:07 AM

Quote from: ?? on ??

Having hidden or anonymous identity from reality is good enough specially when it comes to ourselves. That's why these gamblers loved to play at their freedom of being visibly know personally. However, the purpose of KYC helped to determine legitimacy of each players but it isn't comfortable for the players at all times.

I don't think that the gamblers need legitimacy, especially if they only want to spend their time to play gambling. But for the truth, gamblers will always search the gambling places which don't have KYC so they can play gambling by hiding their identity. Maybe for people who have much money will cover their identity and don't like to see many people know who they are.

We can give our identity to something that really important, and it's related to our life. But for something that we only want to enjoy the fun, hm I don't think that will be necessary.

In most countries, gambling is illegal, anyone can understand this problem and of course, those who want to gamble will not like to disclose information about them, it's just an openness and a challenge to the law, although some casinos really keep it a secret, but the risk that one day, the government infiltrated, people who just wanted to play happily became criminals, it was really unhappy. Besides, the identity here is not really important, the most important thing is that we have money to bet, wise casinos will understand and ignore KYC.

Gladly, we have cryptocurrency that can we use for gambling, and it is not limited to one country. We have crypto gambling website that will give us a pleasure to play gambling, and the best is we don't have to use fiat to bets. We only have to buy any coins and send it in to the gambling site so you can start playing gambling games. We can also avoid crypto gambling site which has KYC if we don't want to send any document for just playing gambling. We can have time to have fun in gambling games without thinking about anything because we only want to enjoy the time to play any games we want.

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Quote from: kennen1113 on September 04, 2019, 08:47:22 AM

Quote from: ethereumhunter on September 04, 2019, 06:24:07 AM

Quote from: ?? on ??

Having hidden or anonymous identity from reality is good enough specially when it comes to ourselves. That's why these gamblers loved to play at their freedom of being visibly know personally. However, the purpose of KYC helped to determine legitimacy of each players but it isn't comfortable for the players at all times.

I don't think that the gamblers need legitimacy, especially if they only want to spend their time to play gambling. But for the truth, gamblers will always search the gambling places which don't have KYC so they can play gambling by hiding their identity. Maybe for people who have much money will cover their identity and don't like to see many people know who they are.

We can give our identity to something that really important, and it's related to our life. But for something that we only want to enjoy the fun, hm I don't think that will be necessary.

In most countries, gambling is illegal, anyone can understand this problem and of course, those who want to gamble will not like to disclose information about them, it's just an openness and a challenge to the law, although some casinos really keep it a secret, but the risk that one day, the government infiltrated, people who just wanted to play happily became criminals, it was really unhappy. Besides, the identity here is not really important, the most important thing is that we have money to bet, wise casinos will understand and ignore KYC.

Is that enough reason for casinos to operate illegally, that is by conducting "games of chance" businesses even without securing a license that necessitates the KYC process?

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Quote from: ethereumhunter on September 04, 2019, 06:24:07 AM

Quote from: ?? on ??

Having hidden or anonymous identity from reality is good enough specially when it comes to ourselves. That's why these gamblers loved to play at their freedom of being visibly know personally. However, the purpose of KYC helped to determine legitimacy of each players but it isn't comfortable for the players at all times.

I don't think that the gamblers need legitimacy, especially if they only want to spend their time to play gambling. But for the truth, gamblers will always search the gambling places which don't have KYC so they can play gambling by hiding their identity. Maybe for people who have much money will cover their identity and don't like to see many people know who they are.

We can give our identity to something that really important, and it's related to our life. But for something that we only want to enjoy the fun, hm I don't think that will be necessary.

In most countries, gambling is illegal, anyone can understand this problem and of course, those who want to gamble will not like to disclose information about them, it's just an openness and a challenge to the law, although some casinos really keep it a secret, but the risk that one day, the government infiltrated, people who just wanted to play happily became criminals, it was really unhappy. Besides, the identity here is not really important, the most important thing is that we have money to bet, wise casinos will understand and ignore KYC.

ethereumhunter

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Quote from: ?? on ??

Having hidden or anonymous identity from reality is good enough specially when it comes to ourselves. That's why these gamblers loved to play at their freedom of being visibly know personally. However, the purpose of KYC helped to determine legitimacy of each players but it isn't comfortable for the players at all times.

I don't think that the gamblers need legitimacy, especially if they only want to spend their time to play gambling. But for the truth, gamblers will always search the gambling places which don't have KYC so they can play gambling by hiding their identity. Maybe for people who have much money will cover their identity and don't like to see many people know who they are.

We can give our identity to something that really important, and it's related to our life. But for something that we only want to enjoy the fun, hm I don't think that will be necessary.

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Quote from: Lanatsa on September 03, 2019, 05:13:39 PM

Quote from: The Cryptovator on September 03, 2019, 01:31:25 PM

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

This is why crypto gambling becoming more bigger as the years passed due to this feature.We love being anonymous and this is what being most preferred.
Why would choose up for KYC ones if majority for them doesn't require KYC? I barely see crypto gambling site ask out some documentations.If they are trying to block
some countries then they can easily block the ip,If players tends to bypass then its their fault if their account gets blocked since its part of the site terms.
Violation is a violation and for those who broke the rules shall have the consequence.

Couldn't agree more with you , the KYC shit procedure is against cryptocurrency nature that supposed to be as anonymous as possible .

Even though there's a lot of crypto gambling sites offering a real anonymous gaming experience... most of them lack of trust which makes them avoid to play there too.

However i have seen some cases that require players to provide their documents after a really huge winning , don't know what for and don't know if such rules is fair ?

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Quote from: The Cryptovator on September 03, 2019, 01:31:25 PM

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

That is one of the secret of the crypto gambling to get success because player can play without hassle as anonymous to project their private personality.

This is why crypto gambling becoming more bigger as the years passed due to this feature.We love being anonymous and this is what being most preferred.
Why would choose up for KYC ones if majority for them doesn't require KYC? I barely see crypto gambling site ask out some documentations.If they are trying to block
some countries then they can easily block the ip,If players tends to bypass then its their fault if their account gets blocked since its part of the site terms.
Violation is a violation and for those who broke the rules shall have the consequence.
[/quote]

That's is right mate then choose site comfortable, but we need to accept time has comes government forcing all crypto gambling to requried kyc of course the the goal is to collect taxes to be include in the crypto regulations.

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Quote from: The Cryptovator on September 03, 2019, 01:31:25 PM

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

This is why crypto gambling becoming more bigger as the years passed due to this feature.We love being anonymous and this is what being most preferred.
Why would choose up for KYC ones if majority for them doesn't require KYC? I barely see crypto gambling site ask out some documentations.If they are trying to block
some countries then they can easily block the ip,If players tends to bypass then its their fault if their account gets blocked since its part of the site terms.
Violation is a violation and for those who broke the rules shall have the consequence.

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Quote from: The Cryptovator on September 03, 2019, 01:31:25 PM

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

Very few gambling websites work through VPN. These days majority of the gambling websites with cryptocurrency acceptance doesn't request for the KYC. In few sites there is limited access when you play without KYC and full access after fulfilling the KYC. Most of the gamblers prefer cryptocurrency usage on gambling to have their identity hidden from the outer world.

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Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

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Completing KYC in the offline casino will prevent the casino from the money laundering, and they can know from where their customer comes. The gambler transaction, including deposit and withdraw, will be clear from the illegal transaction because the casino knows where the money comes. They can report to the government that their customer is using their money to play, and it's not from the illegal transaction.

But that will be difficult to know if it's happening in the online gambling website because the gambler can use the money from money laundering. The gamblers can buy bitcoin in any exchanges or any sellers so then they can use bitcoin or altcoin to playing gambling.

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Quote from: fortunecrypto on September 01, 2019, 10:07:19 PM

I think it should be country to country rules, so they accommodate gamblers who play in a apart of a country where they will have violation if they will do KYC, KYC has a good and bad sides, while it brings benefits to other players it will not do the same on other gamblers, there should be special regulations on some gamblers who cannot.

That depends on which country the online gambling sites operates, but they can always transfer and look for country where there's no strict regulation on crypto gambling sites, especially on those small countries, so they can also give us that chance to gamble without the need to comply KYC.

I think we know already that gamblers in crypto space would also want to gamble in sites that does not require KYC as the most popular sites here does not require KYC at all and irregardless of the amount, they know if they will require, they will loss a big portion of their clients.

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I think it should be country to country rules, so they accommodate gamblers who play in a apart of a country where they will have violation if they will do KYC, KYC has a good and bad sides, while it brings benefits to other players it will not do the same on other gamblers, there should be special regulations on some gamblers who cannot.

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Quote from: virasog on August 11, 2019, 01:16:26 AM

Quote from: ruthwithers1980 on August 08, 2019, 02:38:02 AM

Quote from: Reatim on July 30, 2019, 06:57:56 AM

You have pointed already all the concerns why people or we as well hates having this KYC thing in gambling actually not only in gambling but in the whole crypto world

But my biggest concern is the first thing you have mentioned and that is anonymity ,some says that we hate KyC because we are hiding something that so e don’t wanna reveal ourselves but for me instead not about hiding but it’s about security since most sites now are abusing their power and uses our personal details for something that will benefits what they need for those that’s why I am against this

Exactly, even licensed casinos now are doubtful. So the KYC they are required to carry now tends to be doubtful as well.

Many people have no issue with the kyc but still they hesitant to do KYC because they do not trust the system. Even the most reputed site may disclose the kyc data to the third party and this data can be used for illegal activities. Even if the site give grantee of our data, what about a situation if the site is hacked and all our data comes in the hands of the hacker ?

Licensed casinos that go bankrupt may actually just sell their player info database gathered through KYC for a huge price.

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Quote from: ruthwithers1980 on August 08, 2019, 02:38:02 AM

Quote from: Reatim on July 30, 2019, 06:57:56 AM

You have pointed already all the concerns why people or we as well hates having this KYC thing in gambling actually not only in gambling but in the whole crypto world

But my biggest concern is the first thing you have mentioned and that is anonymity ,some says that we hate KyC because we are hiding something that so e don’t wanna reveal ourselves but for me instead not about hiding but it’s about security since most sites now are abusing their power and uses our personal details for something that will benefits what they need for those that’s why I am against this

Exactly, even licensed casinos now are doubtful. So the KYC they are required to carry now tends to be doubtful as well.

Many people have no issue with the kyc but still they hesitant to do KYC because they do not trust the system. Even the most reputed site may disclose the kyc data to the third party and this data can be used for illegal activities. Even if the site give grantee of our data, what about a situation if the site is hacked and all our data comes in the hands of the hacker ?

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Hassle is the prime reason for most of crypto lovers. Crypto means fast and without restrictions. Crypto users love just creating a ID or not and start betting within minutes of visiting the site. They prefer one or possibly zero confirmations. They want instant withdrawal for their wining as they are not asked questions when they loose thousands of dollars, why would they be asked on wining?

Topic: Reasons Crypto Players Skip Casinos with KYC - page 6. (Read 3426 times)