Topic: Reasons why people avoid KYC in gambling casino ? (Read 1611 times)
Gamblers are so identical that it would not be easy to give away their data just to gamble. So far, there are quite a lot of gambling site sites scattered out there, so if one of them implements KYC, does the owner of the gambling site really think carefully because attracting new members will be quite difficult so far because they have to be able to compete with well-known gambling sites. if they do kyc the gambling players will choose to leave the gambling site and will choose another site and the big factor will be a decline in players and over time the site must close or go bankrupt because the income they get is getting smaller day by day because the cause is implementing the kyc rule .
Privacy is my main reason, while the other is data security which is not guaranteed. II do not fully believe that we can remove all KYC documents from any gambling platform. It is possible that a copy of the data is stored in their database especially in casinos whose reputation is not improving and growing. It will be very risky to be leaked and misused especially if the casino in question turns into a scam in the future.
That's the main reason why I also avoid KYC I'm afraid there is a copy of their database of course it really worries me if they misuse my documents for something they don't want, but if the casino turns into a scam in the future there is a possibility of misuse of our data that they do , so avoid anything about KYC from casinos even if they have a good reputation.Main factor is what will happen to your information if the site you submitted your KYC ends up scamming, the chance that they can sell their database and yes misuse of your information is the next thing to follow or to expect. There are other reasons why gamblers are avoiding this data to be submitted. Instead of following the rules, gamblers choose to find other platforms to play.
Once they've been asked for KYC, they will simply leave and look for another alternative.
Unfortunately that is what we're facing now, we choose to play in them because of the anonymity they can bring but these days, it's already a different story as most casinos now are asking us for details to approve the withdrawal of our winnings. I agree, yes, casinos are just obeying and implementing the orders of the authorities but these platforms that are implementing it cannot certainly deny that they are also taking advantage of these KYC's.
There are many complaints against various casinos that they are not giving winning money to players on the pretext of kyc. But this should not have been the case for a player to find himself in such a situation. So the way the casinos are operating in the market now and the way the casino team asks for kyc if a player wins big, it is necessary to be mentally prepared before joining any casino that kyc may be required at any time.
Unfortunately that is what we're facing now, we choose to play in them because of the anonymity they can bring but these days, it's already a different story as most casinos now are asking us for details to approve the withdrawal of our winnings. I agree, yes, casinos are just obeying and implementing the orders of the authorities but these platforms that are implementing it cannot certainly deny that they are also taking advantage of these KYC's.
There are many complaints against various casinos that they are not giving winning money to players on the pretext of kyc. But this should not have been the case for a player to find himself in such a situation. So the way the casinos are operating in the market now and the way the casino team asks for kyc if a player wins big, it is necessary to be mentally prepared before joining any casino that kyc may be required at any time.
First of all, if a player requires honesty from the casino, he should be honest himself and provide real personal information when registering.
The problem, however, is that many casinos do not inform players that KYC verification may be required. Info that verification may be required is often written somewhere in a small print at the end of a long ToS.
In many cases those players do not get their funds back even after providing Kyc verification information. Players are aware of the TOS and even after they follow those rules, those websites continue to hold their customer's funds with various excuses. As long as a gambler keeps losing in a casino, that gambler is not in trouble. The problem starts when a gambler wins big amounts. So it is true that gamblers should be prepared to provide accurate personal information before depositing big amounts in any casino.
Exactly. And the answer for question "How to choose proper casino?" is easy: Choose those who has EU/USA license. Not of grey offshore, not of some third world countries. No. EU or USA - in this case you will be sure that casino not cheating and that it will not sell your data to some shady hackers.
Could you please clarify more information on checking a proper casino? Also, Can I know more why having a EU/USA guarantees that the casino will not cheat or sell your data to anyone? Thanks!If casino is registered in EU/UK zone you can easily check it through site. It should be in their ToS.
Because if casino will sell your data, it will fall under regulators laws and with a high probability it's owners will go to jail for such actions and you will get a big compensation. EU/UK laws isn't a joke.
There's no assurance when it comes on handling out those customer information whether its a USA/EU it would really be still prone to risk for those information to leak out due to some hack or some inside exploit or something which there's no assurance or 100% guaranteed that those information wouldnt leak out sooner or later but somewhat entrusting or having that believe on to those things will not really be a bad idea.
Ofc it can't assurance to you that casino will not fall under hackers attack. But it will ensure you that casino at least will try to secure it's data (because of regulator laws) and if such leak will happen, you can sue them.
Privacy is my main reason, while the other is data security which is not guaranteed. II do not fully believe that we can remove all KYC documents from any gambling platform. It is possible that a copy of the data is stored in their database especially in casinos whose reputation is not improving and growing. It will be very risky to be leaked and misused especially if the casino in question turns into a scam in the future.
That's the main reason why I also avoid KYC I'm afraid there is a copy of their database of course it really worries me if they misuse my documents for something they don't want, but if the casino turns into a scam in the future there is a possibility of misuse of our data that they do , so avoid anything about KYC from casinos even if they have a good reputation.
Unfortunately, I think it would be nice if the OP could start a poll in this thread to get results on why people avoid KYC in casinos. This can help you draw conclusions based on user-voted answers, but that's okay because maybe you don't want to do it or just forgot.
Privacy is my main reason, while the other is data security which is not guaranteed. II do not fully believe that we can remove all KYC documents from any gambling platform. It is possible that a copy of the data is stored in their database especially in casinos whose reputation is not improving and growing. It will be very risky to be leaked and misused especially if the casino in question turns into a scam in the future.
Privacy is my main reason, while the other is data security which is not guaranteed. II do not fully believe that we can remove all KYC documents from any gambling platform. It is possible that a copy of the data is stored in their database especially in casinos whose reputation is not improving and growing. It will be very risky to be leaked and misused especially if the casino in question turns into a scam in the future.
Unfortunately that is what we're facing now, we choose to play in them because of the anonymity they can bring but these days, it's already a different story as most casinos now are asking us for details to approve the withdrawal of our winnings. I agree, yes, casinos are just obeying and implementing the orders of the authorities but these platforms that are implementing it cannot certainly deny that they are also taking advantage of these KYC's.
There are many complaints against various casinos that they are not giving winning money to players on the pretext of kyc. But this should not have been the case for a player to find himself in such a situation. So the way the casinos are operating in the market now and the way the casino team asks for kyc if a player wins big, it is necessary to be mentally prepared before joining any casino that kyc may be required at any time.
First of all, if a player requires honesty from the casino, he should be honest himself and provide real personal information when registering.
The problem, however, is that many casinos do not inform players that KYC verification may be required. Info that verification may be required is often written somewhere in a small print at the end of a long ToS.
Unfortunately that is what we're facing now, we choose to play in them because of the anonymity they can bring but these days, it's already a different story as most casinos now are asking us for details to approve the withdrawal of our winnings. I agree, yes, casinos are just obeying and implementing the orders of the authorities but these platforms that are implementing it cannot certainly deny that they are also taking advantage of these KYC's.
There are many complaints against various casinos that they are not giving winning money to players on the pretext of kyc. But this should not have been the case for a player to find himself in such a situation. So the way the casinos are operating in the market now and the way the casino team asks for kyc if a player wins big, it is necessary to be mentally prepared before joining any casino that kyc may be required at any time.
But there are some services you will not access without KYC, that is why most centralized platforms are using KYC to nail down they customers, take binance for example. Nobody can access the exchange without going through the KYC process.
Binance is asking KYC completely and you can only withdraw to them if you have not completed the verification. The casinos are different, they'll ask when they are not satisfied and would like to verify their user based on the volume of the transaction for withdrawal and how huge it is.Because they don't want them to be used as gateway for mixing coins and the other casinos have been aware of that.
the weirdest part about it is that:
1 - when someone deposits a lot of money in the casino they don't ask for KYC
2 - when someone loses a lot of money at the casino they don't ask for KYC
they only ask when the person withdraws a lot of money, but it is strange because there are casinos that in their TOS they require that when the person makes a deposit of X value, that person makes bets that reach the volume that corresponds to the deposit so that he is able to withdraw, in this case it makes no sense that the casino still asks for KYC at the time of withdrawal, but they still ask for KYC
You know Sir, you're right about what you said, that's true. Sometimes, you can laugh and just shake our heads at that kind of system they have, the one who is good at receiving the money to be put in, especially if it is a large amount. Then they also don't care if a gambler loses a lot, then it becomes impossible it's fair to withdraw a large amount of a gambler's winnings on their casino platform, as if they don't want you to withdraw a large amount of money that you want as a gambler so they suddenly doubt one of their cleints.
It's been observed that gamblers prefer to play on casino which do not enforce KYC. Well, let's discuss what are the main reasons that they do not want to show their identity and gamble anonymously.
They don't trust the casino as the casino might misuse the kyc documents or the gamblers want to gamble without telling anyone that they are the gamblers, gambling is illegal in their region or religion and they want to hide their identity or there could be any other solid reason?
all of the given reason are valid , either they dont trust the casino as selling our details to 3rd party is indeed happening and then will be abused for so many uses.They don't trust the casino as the casino might misuse the kyc documents or the gamblers want to gamble without telling anyone that they are the gamblers, gambling is illegal in their region or religion and they want to hide their identity or there could be any other solid reason?
some it is Illegal in their region or religion so not giving KYC for this matter.
but I myself definitely played in KYC related site as it is more safer than those who not need LYC.
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They don't trust the casino as the casino might misuse the kyc documents
They don't trust the casino as the casino might misuse the kyc documents
This situation is impossible in established and trusted casinos. The KYC process is performed by a trusted third party, and the gambling site itself can't steal your personal details. But, of course, scammers are doing it all the time. Do not register on shady platforms.
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They don't trust the casino as the casino might misuse the kyc documents
They don't trust the casino as the casino might misuse the kyc documents
This situation is impossible in established and trusted casinos. The KYC process is performed by a trusted third party, and the gambling site itself can't steal your personal details. But, of course, scammers are doing it all the time. Do not register on shady platforms.
You are right, scammers will do everything in their power, a simple KYC is not good for one of these beings, for this reason is that sometimes we have to be careful with casinos that are recently launched, we do not know anything about their security, how they handle it because they are relatively new, and this means that problems of very bad taste can be added, both for the players and for the casino in general. Even when the casino is new and managed by a well-known campaign manager, you must be very careful and very measured when playing, because it may be that a whole scenario has been set up where the main potential is the welcome bonuses and in the end it is not possible. comply, as has recently happened with one casino in particular.
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They don't trust the casino as the casino might misuse the kyc documents
They don't trust the casino as the casino might misuse the kyc documents
This situation is impossible in established and trusted casinos. The KYC process is performed by a trusted third party, and the gambling site itself can't steal your personal details. But, of course, scammers are doing it all the time. Do not register on shady platforms.
You are right, scammers will do everything in their power, a simple KYC is not good for one of these beings, for this reason is that sometimes we have to be careful with casinos that are recently launched, we do not know anything about their security, how they handle it because they are relatively new, and this means that problems of very bad taste can be added, both for the players and for the casino in general. Even when the casino is new and managed by a well-known campaign manager, you must be very careful and very measured when playing, because it may be that a whole scenario has been set up where the main potential is the welcome bonuses and in the end it is not possible. comply, as has recently happened with one casino in particular.
~snip~
May we know what crypto-casinos are asking for our details to approve our withdrawal?
^ Does not important to know them, we know that most of them are those casinos that asked for KYC verifications for their users which is very frustrating even though we have submitted KYC upon creation of our account but if we will win a big amount they will ask again. This is the reason why we should avoid a KYC gambling casino, we have a lot here a KYC casino but I prefer to use a non-KYC casino because I know they will not ask for any personal data once you will win a big amount. May we know what crypto-casinos are asking for our details to approve our withdrawal?
be that to worried about such rules and regulation.Here on crypto space were are really that mindful or being much preferred about anonymity and the safety of our identity which means that if we do see
a platform which doesnt ask out for some verification then this is where people do really sticks out and avoid it as much as they could.
~snip~
May we know what crypto-casinos are asking for our details to approve our withdrawal?
^ Does not important to know them, we know that most of them are those casinos that asked for KYC verifications for their users which is very frustrating even though we have submitted KYC upon creation of our account but if we will win a big amount they will ask again. This is the reason why we should avoid a KYC gambling casino, we have a lot here a KYC casino but I prefer to use a non-KYC casino because I know they will not ask for any personal data once you will win a big amount. May we know what crypto-casinos are asking for our details to approve our withdrawal?
it's already a different story as most casinos now are asking us for details to approve the withdrawal of our winnings.
Is this a crypto-casino you are referring to?
I don't know that something like that exists nowadays. Do you mean for every withdrawal? What I know is that it's just applied for big winnings but we are not talking about $1,000 winnings should be subject right away to KYC. It's been always on the terms that big winnings might require KYC but we don't know what amount is considered big winnings. Maybe starting from $10,000? $15,000? We don't know.
May we know what crypto-casinos are asking for our details to approve our withdrawal?
Sometimes they avoid kyc at the casinos due to personal privacy they don't want to reveal it. Sometimes there are times when we gamble and we win big, and we get to the point where we want to release what we have won by gambling because it is big, then the casino sometimes gives a policy to players who proud of the amount you release on their gambling platform they required their clients to submit kyc which the gambler or player has no other choice but to submit it.
This one of the major issues gamblers are facing that are making the experience ones to avoid KYC gambling sites. When you win big, most gambling platforms would want to know your identity by asking your to submit your identity or loss getting paid. I don't know why this is done always but there should be an end to this. Cryptocurrency gambling should be decentralized and platforms should stop asking us of our identity before we make withdrawals which is not encouraging to me. Many casinos take advantage of asking kyc, as this gives them a chance to easily take away the player's winning money. Crypto users always try to avoid kyc and hide their identity.
There are many players who are on the casino's list of banned countries because they can't do kyc, so they can't withdraw their winning money. Crypto casinos should be decentralised, but whether that will happen or not may be seen in the coming days.
Unfortunately that is what we're facing now, we choose to play in them because of the anonymity they can bring but these days, it's already a different story as most casinos now are asking us for details to approve the withdrawal of our winnings. I agree, yes, casinos are just obeying and implementing the orders of the authorities but these platforms that are implementing it cannot certainly deny that they are also taking advantage of these KYC's.
Sometimes they avoid kyc at the casinos due to personal privacy they don't want to reveal it. Sometimes there are times when we gamble and we win big, and we get to the point where we want to release what we have won by gambling because it is big, then the casino sometimes gives a policy to players who proud of the amount you release on their gambling platform they required their clients to submit kyc which the gambler or player has no other choice but to submit it.
This one of the major issues gamblers are facing that are making the experience ones to avoid KYC gambling sites. When you win big, most gambling platforms would want to know your identity by asking your to submit your identity or loss getting paid. I don't know why this is done always but there should be an end to this. Cryptocurrency gambling should be decentralized and platforms should stop asking us of our identity before we make withdrawals which is not encouraging to me. Many casinos take advantage of asking kyc, as this gives them a chance to easily take away the player's winning money. Crypto users always try to avoid kyc and hide their identity.
There are many players who are on the casino's list of banned countries because they can't do kyc, so they can't withdraw their winning money. Crypto casinos should be decentralised, but whether that will happen or not may be seen in the coming days.
chances are they will persist and be willing to do anything because of their previous belief they are already safe with the site. but this will certainly be a pros and cons later if the gambling platform enforces kyc. well at least 10% of active players will probably opt out first to consider having to do kyc.
I think if that time comes, other popular and reputable gambling sites are also having a mandatory KYC.
Therefore that 10% might stay and won't probably be out of that said site. Imagine that a site with the big name already enforced KYC means that the regulations on most crypto gambling sites are now strictly implemented. For me, it's not that really a big deal if things turned out like that since nothing we can do in the first place.
But as much as possible, the KYC should not be forced to be strict at crypto-gambling sites since the no-KYC is one of the big reasons why we choose to play here.
Certainly that is the same reason why we chose to play at these sites but I'm afraid that sooner, the authorities will put more pressure into these sites to enforce and implement strict KYC even before we decide to withdraw out funds. I can see that these sites will start to ask our information up front while we are trying to register on their platform.
If that will be the case, then for sure there will be lots of gamblers who will opt to the most trusted and reputable sites.
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