Pages:
Author

Topic: Reasons Crypto Players Skip Casinos with KYC - page 8. (Read 3407 times)

full member
Activity: 1232
Merit: 186
If I will be asked also, I will definitely disagree to KYC because I hate the feeling of being intimidated. The feeling that someone out there knew that you got lots of money after playing casino and could possibly become a threat in your life assuming that he got bad intentions (who knows?). I think another reason why it seems everyone hate KYC is because casinos before was able to run even without this stuff and got no problems at all then what would be the difference of including it now? Is it really big? I don't think so, actually i see that disadvantages weigh more than its benefits Smiley. The bottom line, KYC is unnecessary.
legendary
Activity: 1904
Merit: 1000
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
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
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.
legendary
Activity: 2576
Merit: 1860
While I agree that requiring KYC from Casino players are well-intentioned, I also agree that it is indeed a hassle and a risk at the same time. Why would I have to go through such all these long processes if there are options out there that won't require any of these? And do we have a 100% assurance that the personal data taken from us are kept safe? A little leak could easily expose our personal information for illegal exploitation. 
member
Activity: 81
Merit: 10
Make Money from Bitcoin Casinos
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.
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
It is definitely a big hassle for every gambler and it takes time to do KYC. But then, isn't an urge for us to do KYC  if we don't like or have to skip it and find other gambling sites. The stand of being anonymous of all individual will be our concern but somehow we need to follow their rules, otherwise, we can't enjoy their site.
sr. member
Activity: 994
Merit: 252
I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

I think KYC makes people need to verify their identity. Meanwhile, the website does not prove to their customer about who they are, where they operate the site, and I think they do not become transparent to its customer. They have their customer data's, but the customer doesn't have their data's, but we cannot do anything. Fortunately, we have so many gambling websites which don't use KYC to their customer so we can join with them, and many of them are trusted gambling website.

Well right, that is very unfair. Such gambling sites are bad sites. And it sounds a little funny too if gambling sites have to do kyc, especially the developers are not transparent to users. If I meet a site like this, I will definitely say that the site is a prospective scammer.
  No I think this is not funny because if a casino ask for our KYC then it could be the policy of that casino but it does not mean that there is any bad intention behind this. I know most of the time gamblers use to hide their identity for the sake of safety but I  think it is not bad if the casino sends direct payments to accounts.
legendary
Activity: 2212
Merit: 1008
I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

I think KYC makes people need to verify their identity. Meanwhile, the website does not prove to their customer about who they are, where they operate the site, and I think they do not become transparent to its customer. They have their customer data's, but the customer doesn't have their data's, but we cannot do anything. Fortunately, we have so many gambling websites which don't use KYC to their customer so we can join with them, and many of them are trusted gambling website.

Well right, that is very unfair. Such gambling sites are bad sites. And it sounds a little funny too if gambling sites have to do kyc, especially the developers are not transparent to users. If I meet a site like this, I will definitely say that the site is a prospective scammer.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

I think KYC makes people need to verify their identity. Meanwhile, the website does not prove to their customer about who they are, where they operate the site, and I think they do not become transparent to its customer. They have their customer data's, but the customer doesn't have their data's, but we cannot do anything. Fortunately, we have so many gambling websites which don't use KYC to their customer so we can join with them, and many of them are trusted gambling website.
sr. member
Activity: 882
Merit: 269
I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

But we as users cannot also forbid the owner of the gambling website from doing that because basically KYC is to show the legality of the user.
and also prevent future problems such as the financial and security of the account itself. and also not all online casino with crypto requires KYC to start play or anything like that.  with certain restrictions. for me as long they dont ask credit card im still safe.
I read an article online yesterday specifically, at https://coindesk.com and I started to understood that Kyc is not good for cryptocurrency related business. The digital cash should be seeing the way we used cash offline and the whole essence of having internet cash like bitcoin and other cryptocurrency is to do away third party for any transactions that happen and kyc is completely opposing that but taking us back to the banking ways of doing business which is too expensive. The legality of the person do not matter when we are doing cash gambling and that is the same way it should be with cryptocurrency gambling too.
sr. member
Activity: 1512
Merit: 326
I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

But we as users cannot also forbid the owner of the gambling website from doing that because basically KYC is to show the legality of the user.
and also prevent future problems such as the financial and security of the account itself. and also not all online casino with crypto requires KYC to start play or anything like that.  with certain restrictions. for me as long they dont ask credit card im still safe.
member
Activity: 574
Merit: 10
Tell me please, what do you think are the safe moments behind the condition to provide KYC?  In most cases, many users provide their passport data on exchanges, on social networks, and why this causes resentment when it comes to online casinos.
If it's for the exchange, it doesn't seem to be a problem. Because we usually give it to trade there and make big withdrawals. If not, of course there is no need to do KYC as well as exchange. And for social media, it seems that it has never done KYC and indeed there has never been a social media that is obliged to do KYC for each of its users. And for casinos, it would be very objectionable if you have to do it, because many people who want to play gambling are just for fun and want to keep their identity a secret.
full member
Activity: 1316
Merit: 108
Tell me please, what do you think are the safe moments behind the condition to provide KYC?  In most cases, many users provide their passport data on exchanges, on social networks, and why this causes resentment when it comes to online casinos.
hero member
Activity: 1092
Merit: 501
Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.
It is the most important and will always be considered, after all not all countries legalize gambling and some gamblers are in countries that prohibit gambling. In this case they are looking for other alternatives to gamble by playing at online gambling which of course will skip KYC.

People do not want to land in trouble by giving KYC and also if the casinos is newly opened or does not have that much trust then it can be another issue because not sure how your KYC details could be mis-utilized and
Well KYC is not something that will keep you under mask from the exchange. Exchange knows you and knows the person you transfer funds to in the form of Bitcoin or any other coin however crypto has been instrumental in giving people the freedom to gamble freely and due to this reason, there has been a surge in the number of gamblers lately. KYC is something that restrict their freedom of gambling.
sr. member
Activity: 1330
Merit: 289
I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.
sr. member
Activity: 1512
Merit: 316
Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.
It is the most important and will always be considered, after all not all countries legalize gambling and some gamblers are in countries that prohibit gambling. In this case they are looking for other alternatives to gamble by playing at online gambling which of course will skip KYC.

People do not want to land in trouble by giving KYC and also if the casinos is newly opened or does not have that much trust then it can be another issue because not sure how your KYC details could be mis-utilized and
legendary
Activity: 1386
Merit: 1003
Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.
It is the most important and will always be considered, after all not all countries legalize gambling and some gamblers are in countries that prohibit gambling. In this case they are looking for other alternatives to gamble by playing at online gambling which of course will skip KYC.

Well indeed, not all countries legalize gambling, even in my country, gambling is illegal. Those who are known to play gambling, they will be ostracized in their territory. Therefore gambling is really needed for the level of anonymity.

And sure enough, I don't think there is any point in any gambling platform making KYC rules to its users. Because gambling itself is a betting game, this is not a business and rarely is the government legalizing.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.
It is the most important and will always be considered, after all not all countries legalize gambling and some gamblers are in countries that prohibit gambling. In this case they are looking for other alternatives to gamble by playing at online gambling which of course will skip KYC.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.
Again you are thinking for your own perspective. We have a multitude of people who come to gamble at popular casinos. This ranges from average earners to criminals who want to use the site wallet as a intermediary wallet for their illegal transactions. This is also the reason why mixers and tumbler services are so rampant. They want to evade detection and thus attempt to bounce the transaction between these sites, play a bit there on low risk multipliers and then then withdraw it so they dont get detected.

Such cases are common and they need to be KYCed to be caught.
Pages:
Jump to: