Reasons why people avoid KYC in gambling casino ? - page 4.

SirLancelot

hero member

Activity: 2618

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: yazher on July 07, 2022, 03:58:08 AM

Quote from: crzy on July 04, 2022, 05:55:32 PM

Definitely right, some users who don’t want to comply with the KYC still fall as a victim of the hackers and I’m thinking if KYC can really help users to be more secured. I’m ok with filling up personal information, but I’m hesitant to provide any documents for some security purposes, and honestly as much as possible I still prefer to gamble without filling up any KYC.

It's really hard to get back your personal information once it's gone to the hands of hackers or some people who will use it for some sort of scams. Since KYC is really critical and one bad move it could go wrong and will gonna ruin your life in a blink of an eye, people will avoid passing it and they will just prefer to play on some online casino that doesn't require it because it's really risky to do so. More or less, they are scared that when the Casino is closed, their personal information will be sold on the deep web to be used for some evil actions.

And if let say those hacker will be caught out, what are they going to return to you when a kyc is not like those physical documents. Also a hacker have already save different copies of your kyc. The only thing that you can do is to clear your name. I think you can go on some government agencies and ask for help about this.

A casino can get closed for some reasons but if this casino is legit and have no past bad records then we shall not worry as the kyc that once we submit on them will not be sold or will be miss used by them but if we are still doubting then there are still gambling sites which kyc isn't required. We can play on them instead.

KTChampions

legendary

Activity: 2464

Merit: 1943

Leading Crypto Sports Betting & Casino Platform

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.

The funny thing is that the document verification process can take an incredible amount of time, and while this process is going on, the casino/exchange will use your money for free. Most of all, the asymmetry of the process infuriates me - everyone is ready to accept my money without any KYC, but when I want to withdraw it, various obstacles arise.

BitcoinAccepted

legendary

Activity: 2660

Merit: 1009

People sometimes want to gamble anonymously and then you want to remain anonymous. That's the main reason. Another important and common reason is that people don't trust gambling sites and companies. After all, you never know what will happen to all the information you send. It is digital, which basically means that it will never go off the internet again. You must be of good faith. I can imagine that you would not like to give such passport copies to a gambling site. You haven't the faintest idea what happened to it.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: Zilon on July 08, 2022, 06:23:05 PM

Data privacy and security is the key cause. I think gamblers are getting tired of selling their information for a risky fun adventure and it's becoming obvious by the day that each data we fill while signing up to any KYC based casino gets compromised along the line. So why should i be paying for a service that can't guarantee my privacy when there is a better option that keeps me private, secure and pseudonymous

The reason why gamblers keeps on finding platforms that will let them play without providing any KYC, there are people who will choose to be hidden and not to exceed with certain limitations to make sure that they will not be compromised, but once they've been force to provide the details, they will not take the risk but instead they will change house and try to continue enjoying their discreet participation with their gambling activities.

mindrust

legendary

Activity: 3276

Merit: 2442

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.

Issa56

hero member

Activity: 1484

Merit: 928

Quote from: ethereumhunter on July 08, 2022, 07:21:43 AM

If the casino wants to do that, it's best to explain up front by putting it on the rules page so that people who read the rules can know what they should and shouldn't do when gambling at that casino. The casino must be transparent to its members so as not to arouse suspicion. That's why we must be careful in choosing a casino site, especially one that uses kyc because we don't know what they can do with our data.

Some casino sites at the beginning they won't make kyc mandatory but after getting lots of people and they become popular then they will make kyc mandatory for their customers, which definitely not everybody will want to reveal their identity and also not everybody will be able to meet up with the requirements which they are demanding for kyc and at the end those people will endup losing their money which is very bad, the money automatically belongs to the team of the casino sites.

Ryker1

sr. member

Activity: 1932

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: Zilon on July 08, 2022, 06:23:05 PM

Data privacy and security is the key cause. I think gamblers are getting tired of selling their information for a risky fun adventure and it's becoming obvious by the day that each data we fill while signing up to any KYC based casino gets compromised along the line. So why should i be paying for a service that can't guarantee my privacy when there is a better option that keeps me private, secure and pseudonymous

Well as long as there is a gambling online casino that can protect your privacy, you can still avoid a KYC casino.
But I don't know, there are some people willing even to sell their data documents even for the cost of $20 or lower than that, I have seen this on social media just because of the welcome bonus that they will get upon creating an account. As we can see, many gambling casinos here required KYC, but still gamblers are willing to submit their KYC because there are here in the forum.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

Data privacy and security is the key cause. I think gamblers are getting tired of selling their information for a risky fun adventure and it's becoming obvious by the day that each data we fill while signing up to any KYC based casino gets compromised along the line. So why should i be paying for a service that can't guarantee my privacy when there is a better option that keeps me private, secure and pseudonymous

johhnyUA

legendary

Activity: 2422

Merit: 1845

Crypto for the Crypto Throne!

Quote from: Jemzx00 on July 08, 2022, 12:26:35 PM

This got me thinking, I've only had one KYC done on a gambling platform as I am gambling on that website on a regular basis however I haven't checked their licence yet.

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!

It's easy to check if casino has USA/EU license. You can look where this company registered.
At first, UK/USA/EU license not cheap and you need to implement some quality standards to achieve it. And because of price, I doubt that casino will break them, because after that it would get into court and lost money paid for license.

But only few online casinos and betting sites are registered within EU/UK/USA zones.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: Jemzx00 on July 08, 2022, 12:26:35 PM

Quote from: johhnyUA on July 08, 2022, 12:20:24 PM

Quote from: ethereumhunter on July 08, 2022, 07:21:43 AM

That's why we must be careful in choosing a casino site, especially one that uses kyc because we don't know what they can do with our data.

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.

This got me thinking, I've only had one KYC done on a gambling platform as I am gambling on that website on a regular basis however I haven't checked their licence yet.

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!

Well, it's not really a kind of guarantee that these casino that had EU or USA license won't get hacked. But the risk is minimized because we can be sure that they keep on investing on their system to get it risk-free and the hacker can't go through the walls as this is their way just to keep their license safe too. How could you check the sites license? You can check that one on the internet, almost everything will be laid on you.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: Jemzx00 on July 08, 2022, 12:26:35 PM

Quote from: johhnyUA on July 08, 2022, 12:20:24 PM

Quote from: ethereumhunter on July 08, 2022, 07:21:43 AM

That's why we must be careful in choosing a casino site, especially one that uses kyc because we don't know what they can do with our data.

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.

This got me thinking, I've only had one KYC done on a gambling platform as I am gambling on that website on a regular basis however I haven't checked their licence yet.

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!

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.
Also complying out KYC is someones choice and you havent been forced considering that we do have lots of options or choices in the market then we could always opt in on making use of platforms
or services which arent really requiring for some verification.About licensed casinos then it is really much preferred but not all trusted ones are licensed so its situational.

KTChampions

legendary

Activity: 2464

Merit: 1943

Leading Crypto Sports Betting & Casino Platform

Quote from: Reid on July 07, 2022, 02:21:43 PM

Quote from: KTChampions on July 07, 2022, 01:15:11 PM

As I understand it, the most effective and easiest way to correct errors from the fact that your documents leaked to the network is to make a new passport (for example, under the pretext of losing the old one). Usually it costs a small fine and some bureaucratic problems, but you will have new documents and the old ones are guaranteed to lose their validity. It is a pity that this method cannot be used regularly (for example, once a year), this will cause huge questions and suspicions, as it seems to me.

It will, you might be questioned in the 3rd time unless you have the right reason with documentation about the loss. They are extending the expiration of every document for the purpose of security and other people just don't want to do it annually, they are too busy. Roll Eyes

I don't like KYC, I actually hate it. Filling up important information is not my forte, it feels like giving away your autobiography. Although it might help to prove the age of each gambler, it is still not a good thing. If we want kids to prevent access in gambling sites we could always just block it in their accounts.

By the way, a good way out (if you have a lot of registrations here and there) is to make a KYC for a passport for trips abroad. In my country, such passports can be made with a validity period of 3 or 10 years. it turns out that it is absolutely legal to change the main document for the KYC once every three years. If the regulation is really tough, then I will have to act in this way.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

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?

There are many reasons for this but the most simple is that people have a right to retain some privacy, this is something that is being forgotten as now most people behave in a way that decades before could have been classified as exhibitionist by uploading all kind of images of themselves on the Internet for strangers to watch.

But there are many people which do not like this trend and as such they are way more private and prefer not to reveal information about themselves unless it is necessary, and we think that sending our personal information to a casino is completely unnecessary.

Jemzx00

hero member

Activity: 1498

Merit: 547

Pugs are the best!

Quote from: johhnyUA on July 08, 2022, 12:20:24 PM

Quote from: ethereumhunter on July 08, 2022, 07:21:43 AM

That's why we must be careful in choosing a casino site, especially one that uses kyc because we don't know what they can do with our data.

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.

This got me thinking, I've only had one KYC done on a gambling platform as I am gambling on that website on a regular basis however I haven't checked their licence yet.

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!

johhnyUA

legendary

Activity: 2422

Merit: 1845

Crypto for the Crypto Throne!

Quote from: ethereumhunter on July 08, 2022, 07:21:43 AM

That's why we must be careful in choosing a casino site, especially one that uses kyc because we don't know what they can do with our data.

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.

Natalim

hero member

Activity: 3038

Merit: 592

BTC to the MOON in 2019

Quote from: Japinat on July 08, 2022, 09:03:36 AM

Quote from: chaser15 on July 07, 2022, 05:58:12 PM

Quote from: Fredomago on July 07, 2022, 04:42:12 PM

but there are gamblers who are willing to deal with it especially those big time gamblers who use a huge amount of money and play heavy, they are more into accepting the terms and condition.

Since they are putting big money on that particular site, it means they trust the site. Therefore, undergoing KYC should not be a big problem for them as it's just easy to complete it. These big-time gamblers are not dumb to just trust a site with their money easily.

These big gamblers' research is beyond average compared to the majority and they are very strict at choosing a site.

KYC is not really a problem if there's a time that it will be a mandatory thing to do. We have no choice in the first place if it's become a necessary requirement. Just make sure to just comply with it on a trustworthy site and of course, not with the site that just comes out of nowhere and lacks reviews.

And because of these big-time gamblers, the trusted platforms that they are playing are also obliged to keep their system safe and updated so that the details of their clients won't leak if there are some threats that could put their license in the line and worse, these big-time gamblers will be forced to sue the casino and leave them with more problems.

Definitely, that would happen because it's a serious offense and a casino can be sued for that, however, if the information was leak unintentionally like their system is hacked, then we cannot go after them and we have to accept the fact that our information can be used to whatever purpose the hacker will use, that's the risk.

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: chaser15 on July 07, 2022, 05:58:12 PM

Quote from: Fredomago on July 07, 2022, 04:42:12 PM

but there are gamblers who are willing to deal with it especially those big time gamblers who use a huge amount of money and play heavy, they are more into accepting the terms and condition.

Since they are putting big money on that particular site, it means they trust the site. Therefore, undergoing KYC should not be a big problem for them as it's just easy to complete it. These big-time gamblers are not dumb to just trust a site with their money easily.

These big gamblers' research is beyond average compared to the majority and they are very strict at choosing a site.

KYC is not really a problem if there's a time that it will be a mandatory thing to do. We have no choice in the first place if it's become a necessary requirement. Just make sure to just comply with it on a trustworthy site and of course, not with the site that just comes out of nowhere and lacks reviews.

And because of these big-time gamblers, the trusted platforms that they are playing are also obliged to keep their system safe and updated so that the details of their clients won't leak if there are some threats that could put their license in the line and worse, these big-time gamblers will be forced to sue the casino and leave them with more problems.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Issa56 on July 07, 2022, 01:08:24 PM

Yes thats what suspicious casino will do, but at the end they will say they are just security conscious that's why they implemented strict kyc. After the kyc have been implemented, they will make it strick so that most people won't be able to meet up with their kyc requirements, which at the end they won't be able to make withdrawal from the casino site and the money belongs to the site.
Also I won't really recommend anybody to use any casino site with kyc, because anything can happen to your data.

If the casino wants to do that, it's best to explain up front by putting it on the rules page so that people who read the rules can know what they should and shouldn't do when gambling at that casino. The casino must be transparent to its members so as not to arouse suspicion. That's why we must be careful in choosing a casino site, especially one that uses kyc because we don't know what they can do with our data.

Quote from: Japinat on July 07, 2022, 04:28:32 PM

Who would of course want a KYC casino? We sure know the risks entailed with it so I don't think there's someone who will happily choose and bet to a casino that will ask KYC. I for one wanted a non-KYC casino but I maintain my deposits little and I prefer not to go big in case they will suddenly freeze it.

Yes, there must be people who will verify at a casino that implements kyc, especially if those people can find a trusted casino that can make them feel safe playing at that casino. I also still use non-kyc casinos or if they implemented kyc they would have limits for small gamblers like me so I don't have to do kyc.

Quote from: makishart on July 07, 2022, 09:29:19 PM

That's why i always avoid the place that was forcing its users to verify identity. Forcing identity means that casino didn't wanna play fair. They want money to come but they didn't want money to leave from their platforms. Remember that since the owner hodl your money and you can do nothing for that. People will always prefer for their identity not to be revealed or owned by casino.

For trusted casinos, they will not force their will on their members because the casino knows if they keep doing that, maybe their members will move to another casino. We also have the option to play at the other casino we want so if the casino wants kyc, we can look for other casinos.

Peanutswar

legendary

Activity: 1666

Merit: 1222

Top Crypto Casino

Quote from: hahay on July 08, 2022, 05:17:15 AM

Although you can still avoid kyc, but on certain platforms or maybe all gambling platforms when you don't send kyc, there will be limitations such as the maximum bet amount and also about the maximum deposit and withdrawal amount. But indeed, regarding the high and low of money for a bet, then for gamblers who just fill their spare time and for fun it will not be a problem if they are not involved with kyc. But for those who really make gambling for something big, then of course kyc will still be needed for them.

Mostly those are the level 1 KYC which is most of the time the name of the player only and email for the verification for the every time login and the reset of the passwords, and if you are just a small-time gambler sometimes it didn't require a KYC and most of the player have a large deposit and withdrawal if the platform thinks that it is need to have a withdrawal verification that's the time they will submit fo the new level of verification for the avoidance of the possible abuse of the system for the platform itself.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

Although you can still avoid kyc, but on certain platforms or maybe all gambling platforms when you don't send kyc, there will be limitations such as the maximum bet amount and also about the maximum deposit and withdrawal amount. But indeed, regarding the high and low of money for a bet, then for gamblers who just fill their spare time and for fun it will not be a problem if they are not involved with kyc. But for those who really make gambling for something big, then of course kyc will still be needed for them.

Topic: Reasons why people avoid KYC in gambling casino ? - page 4. (Read 1597 times)