Reasons Crypto Players Skip Casinos with KYC - page 7.

Best Dreams

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Quote from: ruthwithers1980 on August 08, 2019, 03:38:02 AM

Quote from: Reatim on July 30, 2019, 07:57:56 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.

I will never get back from sharing my KYC because I know it is for my safety sometimes New gamblers get afraid when casino ask for KYC but they should be wise t know that KYC is for our safety if we will provide so in case of scanning or hacking we will take help from it. Now a day almost every casino will require KYC to gamble.

Darker45

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The reason crypto players pass KYC in gambling may have been widely said or revealed at this site. Personally I don't want to do KYC just to play gambling. For me also personal identity is very important and I want to keep it a secret, unless I want to invest in a project. If it's just for fun, why should I do KYC.

To many of us, it could simply be a way to kill some time and probably waste some money. But since it could involve huge amounts, KYC has become a kind of necessity in casinos. Because, truth be told, casinos are actually a nice place to launder funds. 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.

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my personal reason why I would skip casinos that require KYC;
1. I'm afraid when I won a big jackpot, then terror threatens me
2. I'm afraid of being jailed if at one time the site turned out to be a platform involved in terrorist financing or money laundering.

Quote from: Indamuck on August 08, 2019, 08:40:02 AM

Even big companies with huge security budgets get their data leaked. There is a good chance that if you use any service with KYC that your personal information could be stolen and you could be a victim of identity fraud in the future. Sometimes it is unavoidable though so try to use the most reputable services you can.

Facebook is an example where large companies with large security costs experience data leakage.

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Quote from: btc78 on August 08, 2019, 08:43:31 AM

Quote from: Spaffin on July 31, 2019, 04:08:20 PM

In any case, I am very annoyed by that moment, if a resource requires my passport data from me, where it is not necessary to do this. I cannot understand at all why my passport data is for gambling.

Because that’s the most legit identification that we ca provide that’s why KYC mostly requires Passport more than other identifications

They ask for that because they want to be sure that you are the one who’s using the service/site and not just a random person to launder money from using casino to the other person .this is why some requires this but most of them are just asking to use for other purposes than just claiming

I totally agree with you. It was rather my indignation, but do not understand. Since recently, cryptocurrency users have become the focus of attention of law enforcement agencies in many states, it can be assumed that it will be necessary to provide passport data soon and everywhere. Therefore, all gambling, which until today does not require KYC, will also require the same from gamblers.

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Quote from: Spaffin on July 31, 2019, 04:08:20 PM

In any case, I am very annoyed by that moment, if a resource requires my passport data from me, where it is not necessary to do this. I cannot understand at all why my passport data is for gambling.

Because that’s the most legit identification that we ca provide that’s why KYC mostly requires Passport more than other identifications

They ask for that because they want to be sure that you are the one who’s using the service/site and not just a random person to launder money from using casino to the other person .this is why some requires this but most of them are just asking to use for other purposes than just claiming

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Even big companies with huge security budgets get their data leaked. There is a good chance that if you use any service with KYC that your personal information could be stolen and you could be a victim of identity fraud in the future. Sometimes it is unavoidable though so try to use the most reputable services you can.

ruthwithers1980

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Quote from: Reatim on July 30, 2019, 07:57:56 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.

Spaffin

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In any case, I am very annoyed by that moment, if a resource requires my passport data from me, where it is not necessary to do this. I cannot understand at all why my passport data is for gambling.

Best Dreams

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Quote from: boyptc on July 30, 2019, 06:57:15 AM

Quote from: TheUltraElite on July 30, 2019, 04:29:07 AM

Quote from: boyptc on July 26, 2019, 02:41:00 AM

Right. That's why others are also reasoning the same but, do we have an option if our funds are stuck on any website and they required us to follow so that they can allow the withdrawal?

This can only happen for two reasons:
1. The casino is gathering data of its users. In this case it is a scam and you have lost some money if you decide to not share your details.
2. You source of money was tainted. This is the majority of cases we see on bitcointalk where a newbie account comes up with the complain of not being paid by casinos and that the casino is asking for KYC. The bottom of the case is that the victim themselves were doing shady stuff and got money from illegal sources and sent them to the casino, to play and use as an intermediary and then cashed it out only to get stuck by the security check.

The number 2 is the most probable reason why the casino's requires one to submit KYC.

Quote from: Dread Pirate Roberts on July 26, 2019, 05:32:44 AM

I myself prefer a casino that is simple and does not need a laptop. because I would rather be anonymous without providing sensitive data information. because if you have to do kyc it's the same as a local casino in my country. precisely I want something different and privacy.

A casino that has their own app? there's always no difference from accessing through your smartphone and use a browser to access the casino you gamble.

Assessment of gambling is acceptable now all over the world. We should give the best reward of the gambling is safe for us and gives us good reward to the end. Security matter allot if the casino wants KYC the gambler should give it but because of anonymity of crypto people don’t agree to share it so I think only because of KYC it is not good to leave casino.

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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

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Quote from: TheUltraElite on July 30, 2019, 04:29:07 AM

Quote from: boyptc on July 26, 2019, 02:41:00 AM

Right. That's why others are also reasoning the same but, do we have an option if our funds are stuck on any website and they required us to follow so that they can allow the withdrawal?

This can only happen for two reasons:
1. The casino is gathering data of its users. In this case it is a scam and you have lost some money if you decide to not share your details.
2. You source of money was tainted. This is the majority of cases we see on bitcointalk where a newbie account comes up with the complain of not being paid by casinos and that the casino is asking for KYC. The bottom of the case is that the victim themselves were doing shady stuff and got money from illegal sources and sent them to the casino, to play and use as an intermediary and then cashed it out only to get stuck by the security check.

The number 2 is the most probable reason why the casino's requires one to submit KYC.

Quote from: Dread Pirate Roberts on July 26, 2019, 05:32:44 AM

I myself prefer a casino that is simple and does not need a laptop. because I would rather be anonymous without providing sensitive data information. because if you have to do kyc it's the same as a local casino in my country. precisely I want something different and privacy.

A casino that has their own app? there's always no difference from accessing through your smartphone and use a browser to access the casino you gamble.

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Quote from: rommel_BCA on July 25, 2019, 05:31:56 AM

Quote from: Vaskiy on July 23, 2019, 11:11:05 PM

Beyond the reasons mentioned in the Op I find a much important factor that keeps gamblers skip the KYC process is the fear of governments. Someday if governments request to submit the data of each and every user, our information gets revealed with the
amount wagered in total. Some foolish governments might also levy tax taking it as a proof of spending though most games lost.

Right! And with government's interference, there will be tax imposed upon the operator. The more tax is imposed, the more charges there will be on the players' transactions with the casino.

The government will easily to check the customer data's from the gambling so they can search where their living. They can applied a high fee for the tax to the customer and I think that is the reason for the most gambler who wants to stay away from the gambling website which using KYC. We don't want to share our identity to gambling industry and it is better to choose the right gambling site.

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Quote from: boyptc on July 26, 2019, 02:41:00 AM

Right. That's why others are also reasoning the same but, do we have an option if our funds are stuck on any website and they required us to follow so that they can allow the withdrawal?

This can only happen for two reasons:
1. The casino is gathering data of its users. In this case it is a scam and you have lost some money if you decide to not share your details.
2. You source of money was tainted. This is the majority of cases we see on bitcointalk where a newbie account comes up with the complain of not being paid by casinos and that the casino is asking for KYC. The bottom of the case is that the victim themselves were doing shady stuff and got money from illegal sources and sent them to the casino, to play and use as an intermediary and then cashed it out only to get stuck by the security check.

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I don't see a reason why a casino wanting to attract more customers will request for KYC verification from their potential patronizers in the first places especially those crypto related casinos. If You're trying to combat scam or money launching you can achieve that by investigating suspected individual accounts and ask for their source of income etc and not by subjecting all your customers to submit their personal details that most likely will be endangered as hackers are exploring lose end on information gathering site to sell on the darker web.

Dread Pirate Roberts

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I have no problem if the purpose is to authenticate the data and if needed for deposit information so that they do not receive dirty money. I myself prefer a casino that is simple and does not need a laptop. because I would rather be anonymous without providing sensitive data information. because if you have to do kyc it's the same as a local casino in my country. precisely I want something different and privacy.

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Quote from: Micerker on June 03, 2019, 02:00:16 PM

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?

Keeping one's identity is a priority I don't joke with although I don't involved in shady deals the can warrant any criminal accusation its very obvious crypto players are very comfortable with gambling anonymously with any interference from any third parties while revealing their identities with a third party Cryptos had revolutionized the old fashioned way of divulging identities with casinos, gambling sites, banks etc before transacting any business, betting etc.

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Quote from: rommel_BCA on July 25, 2019, 05:31:56 AM

Quote from: Vaskiy on July 23, 2019, 11:11:05 PM

Beyond the reasons mentioned in the Op I find a much important factor that keeps gamblers skip the KYC process is the fear of governments. Someday if governments request to submit the data of each and every user, our information gets revealed with the
amount wagered in total. Some foolish governments might also levy tax taking it as a proof of spending though most games lost.

Right! And with government's interference, there will be tax imposed upon the operator. The more tax is imposed, the more charges there will be on the players' transactions with the casino.

Exactly, not only that it can increase the charges or fees it also defeats the purpose of using crypto in gambling. Most people use crypto because it is hassle-free and at the same time a player can remain anonymous, thus, if a site has KYC players normally back-out because it can compromise their identity.

When the governments interfere, the tax will be applied in the gambling industry, and like above me said, and there will be more fee that will apply too. That will make gamblers search another gambling places that will not use KYC so they can play without verifying their account using their document. Yes, that is too risky to use our document because no one can always protect the real data of the customer and besides that, we are heard and knows that the document was sold in the dark market.

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Quote from: proTECH77 on July 25, 2019, 02:15:35 PM

Quote from: boyptc on July 25, 2019, 06:44:02 AM

Quote from: Vaskiy on July 23, 2019, 11:11:05 PM

Beyond the reasons mentioned in the Op I find a much important factor that keeps gamblers skip the KYC process is the fear of governments. Someday if governments request to submit the data of each and every user, our information gets revealed with the
amount wagered in total. Some foolish governments might also levy tax taking it as a proof of spending though most games lost.

It's not really about the gov't but it's simply because we don't want to be exposed and we don't want the casino itself to know who we are.

The reason why we used crypto to gamble is because there's no need for certain documents to verify in able to gamble.

And if we use or Concord to their rules and regulations that make gamblers to submit their KYC then the sole purpose of cryptocurrency will be defeated. Things like anonymity will be defeated and information can be exploited nfrom gamblers to their disadvantage, personally I will be associated with such gambling platform's.

Right. That's why others are also reasoning the same but, do we have an option if our funds are stuck on any website and they required us to follow so that they can allow the withdrawal?

We don't have choice but to follow.

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Quote from: boyptc on July 25, 2019, 06:44:02 AM

Quote from: Vaskiy on July 23, 2019, 11:11:05 PM

Beyond the reasons mentioned in the Op I find a much important factor that keeps gamblers skip the KYC process is the fear of governments. Someday if governments request to submit the data of each and every user, our information gets revealed with the
amount wagered in total. Some foolish governments might also levy tax taking it as a proof of spending though most games lost.

It's not really about the gov't but it's simply because we don't want to be exposed and we don't want the casino itself to know who we are.

The reason why we used crypto to gamble is because there's no need for certain documents to verify in able to gamble.

And if we use or Concord to their rules and regulations that make gamblers to submit their KYC then the sole purpose of cryptocurrency will be defeated. Things like anonymity will be defeated and information can be exploited nfrom gamblers to their disadvantage, personally I will be associated with such gambling platform's.

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Quote from: emberbekas on July 25, 2019, 08:00:21 AM

Quote from: boyptc on July 25, 2019, 06:44:02 AM

Quote from: Vaskiy on July 23, 2019, 11:11:05 PM

Beyond the reasons mentioned in the Op I find a much important factor that keeps gamblers skip the KYC process is the fear of governments. Someday if governments request to submit the data of each and every user, our information gets revealed with the
amount wagered in total. Some foolish governments might also levy tax taking it as a proof of spending though most games lost.

It's not really about the gov't but it's simply because we don't want to be exposed and we don't want the casino itself to know who we are.

The reason why we used crypto to gamble is because there's no need for certain documents to verify in able to gamble.

Frankly, there are reasons why we don't want to reveal our data to others, and government could be one of the reasons. I myself, only submit KYC whenever there is no other way but submitting it and it should be outside gambling business, like what I've done in my local exchange. Btw, in gambling, instead of submitting my data, it would be better to leave gambling completely. Grin

With exchanges, usually its normal compliance already for crypto folks since we have no choice to exchange our bitcoin into cash. That's why we have to follow.

Unlike in casino's, some will require you to do it if there's something wrong on your activity.

Topic: Reasons Crypto Players Skip Casinos with KYC - page 7. (Read 3407 times)