Reasons why people avoid KYC in gambling casino ? - page 2.

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Quote from: Rengga Jati on July 13, 2022, 07:16:24 PM

Quote from: goinmerry on July 13, 2022, 07:07:38 PM

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.

The fact that many big casinos need KYC is not denied and this sometimes likely forces the users to do so. There are probably some considerations (or a must) to implement KYC for several certain importances.
I will think likely what happened to Binance right now, they used no KYC but they started to change the regulation and implement KYC for Binance. This may also happen to a certain casinos. ANd sadly, we may not have choice again besides doing the KYC if we have been familiar, comfortable, and enjoy enough gambling on certain casino platforms.
Actually, KYC itself is various, some may be too strict that also really need ourID photo and also our photo with the ID live video, but some may onlygive certai n email or ther data input.

What I think it happens is that when a business is small they can get away with not asking for your personal information as they know there is no one that is observing their every movement.

But once they reach a certain size the governments and their different agencies begin to put their attention on them then they cannot get away with that behavior anymore, and they have no choice but to implement harsher and more strict policies regarding KYC.

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Quote from: Rengga Jati on July 13, 2022, 07:16:24 PM

The fact that many big casinos need KYC is not denied and this sometimes likely forces the users to do so. There are probably some considerations (or a must) to implement KYC for several certain importances.
I will think likely what happened to Binance right now, they used no KYC but they started to change the regulation and implement KYC for Binance. This may also happen to a certain casinos. ANd sadly, we may not have choice again besides doing the KYC if we have been familiar, comfortable, and enjoy enough gambling on certain casino platforms.
Actually, KYC itself is various, some may be too strict that also really need ourID photo and also our photo with the ID live video, but some may onlygive certai n email or ther data input.

The big casino also puts a limit on what a gambler can do if the gambler doesn't want to do KYC and the gambler actually realizes that.
But unfortunately, due to the desire to win more winning money, the gamblers keep playing and depositing more money.
I also don't know about Binance but many traders have done KYC to be able to continue trading there.
Let's hope nothing bad happens to Binance in the future.

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Quote from: goinmerry on July 13, 2022, 07:07:38 PM

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.

The fact that many big casinos need KYC is not denied and this sometimes likely forces the users to do so. There are probably some considerations (or a must) to implement KYC for several certain importances.
I will think likely what happened to Binance right now, they used no KYC but they started to change the regulation and implement KYC for Binance. This may also happen to a certain casinos. ANd sadly, we may not have choice again besides doing the KYC if we have been familiar, comfortable, and enjoy enough gambling on certain casino platforms.
Actually, KYC itself is various, some may be too strict that also really need ourID photo and also our photo with the ID live video, but some may onlygive certai n email or ther data input.

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Quote from: noormcs5 on June 30, 2022, 10:11:52 AM

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?

First: Simply because they want privacy, especially in casinos that accept cryptocurrencies;
Second: Identity theft and user data, information nowadays is worth like gold;
Third: Illegality on the part of the player... either because the country where he resides prohibits gambling or because the player is a minor.
There are three reasons strong enough for someone to choose not to hand over their data.

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Quote from: Google+ on July 12, 2022, 04:35:02 PM

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.

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Quote from: JollyGood on July 13, 2022, 06:44:11 PM

It is not just about the danger of having identities stolen when websites get hacked.... it is also about the danger about people sending their ID to front websites, those types of websites that are deemed to be genuine but their whole premise is to gather as much information as possible from gullible members that sign up to their services. That information (ID) will then be sold on to other criminal gangs for nefarious purposes.

Quote from: mirakal on July 13, 2022, 05:20:33 PM

And if we choose to submit our personal information then I'm afraid that it will also means that we're accepting the risk we could get if in case the site where our identities are submitted will be hacked. I'm also guilty of this because I also submitted my personal details for verification purposes and I'm just hoping that their wall are strong enough to prevent these hackers from going through. Online casinos are one of the main targets of these hackers because the information and details they can get comes with an expensive price in the black market.

The possibility of such situation is always there.
This is why you should only comply with KYC requirements that you think is necessary to do so.
Otherwise, stick to top and reputable gambling sites. As we don't know where our info will end up with.
Hackers will always do their job of screwing up sites. So it is also the job of the sites to update their security protocols.

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It is not just about the danger of having identities stolen when websites get hacked.... it is also about the danger about people sending their ID to front websites, those types of websites that are deemed to be genuine but their whole premise is to gather as much information as possible from gullible members that sign up to their services. That information (ID) will then be sold on to other criminal gangs for nefarious purposes.

Quote from: mirakal on July 13, 2022, 05:20:33 PM

And if we choose to submit our personal information then I'm afraid that it will also means that we're accepting the risk we could get if in case the site where our identities are submitted will be hacked. I'm also guilty of this because I also submitted my personal details for verification purposes and I'm just hoping that their wall are strong enough to prevent these hackers from going through. Online casinos are one of the main targets of these hackers because the information and details they can get comes with an expensive price in the black market.

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Quote from: Fredomago on July 11, 2022, 05:18:12 PM

Quote from: mirakal on July 10, 2022, 03:10:37 PM

Quote from: gunhell16 on July 10, 2022, 06:09:01 AM

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.

Of course, the majority would still want to remain their identity hidden, and releasing a piece of personal information is really risky if there will be a time that the site will be hacked, we never know and it's better to be safe than sorry. But I guess we will just have to get used to it because, in no time, we won't have the same freedom we have now as sooner or later, all casinos will ask KYC upon registering at their platform.

Yes, we never know how secure a gambling site can be and with our permission in submitting our personal information once that happen we are also placing ourselves in danger as hackers can simply use this info to an illegal thing online, or they can sell it out. The reason why there are still gamblers who wanted to stay discreet and not willing to proceed once KYC has being ask to continue gambling.

Gamblers like this will be more willing to look for another site to play and stay hidden instead of submitting KYC.

And if we choose to submit our personal information then I'm afraid that it will also means that we're accepting the risk we could get if in case the site where our identities are submitted will be hacked. I'm also guilty of this because I also submitted my personal details for verification purposes and I'm just hoping that their wall are strong enough to prevent these hackers from going through. Online casinos are one of the main targets of these hackers because the information and details they can get comes with an expensive price in the black market.

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Quote from: Wakate on July 13, 2022, 09:30:10 AM

Quote from: gunhell16 on July 10, 2022, 06:09:01 AM

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.

I for one is also not in favor on how these platforms uses KYC procedures as their shields and I really think they are already abusing their boundaries. If they want to ask KYC then they should've had asked it while we're still registering our account and not when we withdraws the funds. What do they expect? We signed up so frankly we are looking forward to have some winnings and they can always trace these funds if indeed it comes from playing games and not just from another account.

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Quote from: gunhell16 on July 10, 2022, 06:09:01 AM

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.

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Quote from: AicecreaME on July 12, 2022, 04:58:03 AM

Quote from: traderethereum on July 12, 2022, 01:03:43 AM

Quote from: kamvreto on July 11, 2022, 08:51:48 PM

Even if a reputable casino site suddenly obliges to deposit KYC this would be up for debate, there will be some gamblers who disagree. Because when we talk about KYC, it concerns the identity of the gambler in detail. those who do not want their privacy to be known by others will certainly choose to leave the casino.
but if a new casino site operates implementing KYC, many people will avoid it, but some others start researching whether the casino site has a good reputation or not.

If there is a debate between gamblers about KYC, maybe the casino could implement a way of limiting the number of withdrawals that gamblers will make so that if they don't cross the withdrawal limit, they don't have to do KYC.
At least, it can protect the gamblers to keep playing in that casino and they don't have to do KYC and can enjoy their time in that casino.
Maybe the casino itself doesn't want to implement KYC for its members.
Still, after all, the casino is supervised by the regulator and doesn't want to violate the regulator's rules. This might be a dilemma for that casino in terms of KYC so they need to consider it before making a decision.

Now that you've mentioned it, I think its a good idea. Perhaps letting the players have a choice whether to have KYC or not could save them and the casino unnecessary trouble. Putting up certain limit of withdrawal is a good concept so that the players would be mindful of their winning withdrawals to avoid undergoing KYC process. Because as we all know, not everyone is in favor and fond of doing KYC. Some people just really prefer to be in the shadows and not expose their identity as well as their transactions.

Although I don't know what might happen regarding monitoring the income flow of the casino. Because KYC is also important at some point on determining taxation. A monitored number of active users is a must. So maybe they could try to incorporate and strategize first to check if there would be more advantages or disadvantages.

implementing a withdrawal limit rule so that no KYC is required would be very appropriate, as with some crypto exchanges. Those who require large transactions are forced to do KYC, but it is optional, it does not become mandatory when only withdrawing a small amount of funds.
KYC is important if the Casino website also has a lot of users and is already popular, but if it's just a new website it will be a problem and many won't use it.
Talking about the problem of implementing KYC in gambling there will be no valid solution, it all depends on the needs and privacy of each. If you don't have a problem with privacy then you can continue, if privacy is very important then don't use the KYC option.

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Quote from: AicecreaME on July 12, 2022, 04:58:03 AM

Now that you've mentioned it, I think its a good idea. Perhaps letting the players have a choice whether to have KYC or not could save them and the casino unnecessary trouble. Putting up certain limit of withdrawal is a good concept so that the players would be mindful of their winning withdrawals to avoid undergoing KYC process. Because as we all know, not everyone is in favor and fond of doing KYC. Some people just really prefer to be in the shadows and not expose their identity as well as their transactions.

Although I don't know what might happen regarding monitoring the income flow of the casino. Because KYC is also important at some point on determining taxation. A monitored number of active users is a must. So maybe they could try to incorporate and strategize first to check if there would be more advantages or disadvantages.

With that choice, gamblers can know what they should choose so they will not violate the rules of the casino.
Gamblers who don't like KYC will try not to cross the set limits so they can continue to gamble in the shadows.
I guess casinos are also given some leeway in terms of KYC because the government doesn't want to impose too strict regulations on casinos so that casinos, gamblers and the government can still go their separate ways.
It is hoped that with the freedom for gamblers in terms of these two choices, gamblers can stay in the same casino without crossing boundaries. In contrast, the casino can continue providing even better customer service.

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Quote from: agustina2 on July 11, 2022, 07:54:10 PM

I doubt gamblers that already playing for a long time will opt out of that gambling site if KYC will be implemented. The trust is already there and the reputation of that site is now on the highest level. There should be no hesitation for these players to continue playing on that site even if KYC will be enforced.

That was though far from happening for now. Instead of being worried, let's enjoy the moment to play in our preferred gambling site without a KYC. Don't consider playing in a casino that was new in service if KYC is mandatorily implemented there to minimize the risks of identity theft.

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 this is not ridiculous to do next season because as we know the velocity of money on gambling platforms is very large, so many parties from every country carry out various unreasonable rules such as KYC.

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Quote from: icalical on July 12, 2022, 08:37:31 AM

Not only in gambling, I think most people will more likely to avoid any platform that require them to submit their personal data. Everything that is on internet has a risk of being hacked, and eventhough most people that your ID worth 0 money, the risk of identity theft is far more dangerous than just losing some money.

In crypto gambling this is a relative topic,while every single crypto casino from the major ones,the reputable and trustworthy ones will have to ask for KYC,most of the time they don't unless you hit a mega big win which can make them suspicious and they need to do a double check.In all cases it is always better to be verified than not,despite the risks to our personal data coming from such events.In exchanges for example you can't withdraw any money or can withdraw very little if you have not undergone KYC,the same is even in the crypto casinos,you can withdraw small amounts normally without KYC up to 1000 dollars but for more you need to be verified and that is they way it should be.Avoiding KYC makes no sense if you have got nothing to hide.

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People avoid passing KYC at gambling sites or share any private data on the internet, and are completely unafraid to give phone numbers, emails and personal data to strangers in real life or pass "partial KYC" when filling form to get shop discount cards Cheesy

They better not pass KYC on platform that has sort of a security and risk that a stranger from any part of the world hacks casinos data base. And completely not afraid to give personal info to a stranger, that lives in the same country they live in Cheesy

The reason why I avoid KYC - I try to make less people know about me, as I am not very friendly. Less people know me, less people I know.

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Not only in gambling, I think most people will more likely to avoid any platform that require them to submit their personal data. Everything that is on internet has a risk of being hacked, and eventhough most people that your ID worth 0 money, the risk of identity theft is far more dangerous than just losing some money.

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Quote from: mindrust on July 09, 2022, 05:30:05 AM

KYC is being weaponized by the casinos. When they think the player won “too much” money, they ask for KYC and then even you give them your data, they tell you that can’t tell you about the process because it is against the law blablabla and your money will be seized by the casino just like that. The exchanges do it too. That’s why people hate KYC wholeheartedly. Most of the time KYC is a tool for shielding the scammers.

This is an interesting perspective, but I must say, I completely disagree with it. Yes, one time, when I was first time in my life passing KYC, I was pissed off beyond limits by the process. I couldn't successfully complete it with many tries(and after every 3 or 4 tries I should ask the site to aloow me to try to pass it again), it was horrible. But it wasn't like that because of the size of the amount I was going to withdraw, around $150. Definitely not. Rather, I had no experience. And after finally passing it, I saved the screenshots of the successful try, and was using it later for other sites, and the process has become much simpler for me in the future.

Overall, I don't think even one reliable casino or exchange has "weaponized" the process. Firstly, because it is not performed by casino owners or someone who knows how much you want to withdraw. Secondly, because it is something you get your business closed for if caught.

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Quote from: traderethereum on July 12, 2022, 01:03:43 AM

Quote from: kamvreto on July 11, 2022, 08:51:48 PM

Even if a reputable casino site suddenly obliges to deposit KYC this would be up for debate, there will be some gamblers who disagree. Because when we talk about KYC, it concerns the identity of the gambler in detail. those who do not want their privacy to be known by others will certainly choose to leave the casino.
but if a new casino site operates implementing KYC, many people will avoid it, but some others start researching whether the casino site has a good reputation or not.

If there is a debate between gamblers about KYC, maybe the casino could implement a way of limiting the number of withdrawals that gamblers will make so that if they don't cross the withdrawal limit, they don't have to do KYC.
At least, it can protect the gamblers to keep playing in that casino and they don't have to do KYC and can enjoy their time in that casino.
Maybe the casino itself doesn't want to implement KYC for its members.
Still, after all, the casino is supervised by the regulator and doesn't want to violate the regulator's rules. This might be a dilemma for that casino in terms of KYC so they need to consider it before making a decision.

Now that you've mentioned it, I think its a good idea. Perhaps letting the players have a choice whether to have KYC or not could save them and the casino unnecessary trouble. Putting up certain limit of withdrawal is a good concept so that the players would be mindful of their winning withdrawals to avoid undergoing KYC process. Because as we all know, not everyone is in favor and fond of doing KYC. Some people just really prefer to be in the shadows and not expose their identity as well as their transactions.

Although I don't know what might happen regarding monitoring the income flow of the casino. Because KYC is also important at some point on determining taxation. A monitored number of active users is a must. So maybe they could try to incorporate and strategize first to check if there would be more advantages or disadvantages.

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Quote from: kamvreto on July 11, 2022, 08:51:48 PM

Even if a reputable casino site suddenly obliges to deposit KYC this would be up for debate, there will be some gamblers who disagree. Because when we talk about KYC, it concerns the identity of the gambler in detail. those who do not want their privacy to be known by others will certainly choose to leave the casino.
but if a new casino site operates implementing KYC, many people will avoid it, but some others start researching whether the casino site has a good reputation or not.

If there is a debate between gamblers about KYC, maybe the casino could implement a way of limiting the number of withdrawals that gamblers will make so that if they don't cross the withdrawal limit, they don't have to do KYC.
At least, it can protect the gamblers to keep playing in that casino and they don't have to do KYC and can enjoy their time in that casino.
Maybe the casino itself doesn't want to implement KYC for its members.
Still, after all, the casino is supervised by the regulator and doesn't want to violate the regulator's rules. This might be a dilemma for that casino in terms of KYC so they need to consider it before making a decision.

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Quote from: agustina2 on July 11, 2022, 07:54:10 PM

Quote from: Google+ on July 11, 2022, 06:05:10 PM

so from this situation i can't deduce how dangerous the kyc gambling platform would be if they had to do it later. maybe the gamblers will opt out of that gambling site, just guessing

I doubt gamblers that already playing for a long time will opt out of that gambling site if KYC will be implemented. The trust is already there and the reputation of that site is now on the highest level. There should be no hesitation for these players to continue playing on that site even if KYC will be enforced.

That was though far from happening for now. Instead of being worried, let's enjoy the moment to play in our preferred gambling site without a KYC. Don't consider playing in a casino that was new in service if KYC is mandatorily implemented there to minimize the risks of identity theft.

Even if a reputable casino site suddenly obliges to deposit KYC this would be up for debate, there will be some gamblers who disagree. Because when we talk about KYC, it concerns the identity of the gambler in detail. those who do not want their privacy to be known by others will certainly choose to leave the casino.
but if a new casino site operates implementing KYC, many people will avoid it, but some others start researching whether the casino site has a good reputation or not.

Topic: Reasons why people avoid KYC in gambling casino ? - page 2. (Read 1597 times)