Reasons why people avoid KYC in gambling casino ? - page 5.

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Quote from: chaser15 on July 07, 2022, 04:58:12 PM

Quote from: Fredomago on July 07, 2022, 03:42:12 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.

For bigger amounts, that was mandatory and it also the safety of your is their mani concerned asking you to complete it and verify your real identity. Yes, I would agree this is not a problem unless it was a questionable site but because we endure trust and they are, actually, KYC could be easy.

Well, I respect those who can provide, that was their choice, and all we have a choice either. But I was expecting this to become mandatory in the near future for security purposes.

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Quote from: ethereumhunter on July 07, 2022, 09:29:01 AM

Quote from: makishart on July 04, 2022, 07:02:13 PM

LOL no doubt if the main purpose to make people will be very difficult to withdraw their money. That rule was also forcing people to verify and reveal their identity. I was always considering that kind of casino as a scam casino. There's no guarantee if withdraw will be smooth after you have verified your account through sending your KYC to them. They were making their TOS stricting people to withdraw their money. Less money can be withdrawn from that casino.

People will be made difficult to withdraw their winnings by making strict KYC because that is what suspicious casinos will do. But a trusted casino with a good reputation won't do it because once they do and many of their members complain, the casino can lose out on a huge potential profit. People who play at crypto casinos will probably prefer casinos that don't implement KYC as they don't want to send their documents to the casino for security reasons.

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.

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Quote from: Fredomago on July 07, 2022, 03:42:12 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.

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Quote from: Fredomago on July 07, 2022, 03:42:12 PM

Quote from: Reid on July 07, 2022, 01:21:43 PM

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.

I feel you, providing such information just to gamble or to enjoy your stay during your pastime is not good practice on my personal opinion 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.

Though not all gambling sites but those selected that they really trust and believe that it won't mess with them.

Wont really be messing up with them but there are scenarios or circumstances that cant really be avoided on which there are leakage with those information which the team or the platform itself doesnt have control.

This is one of the most common concern on why people doesnt really like on providing any details in regarding with their informations or identity which is something that we dont really like and it should
really be talking with that full anonymity if we do play.For big time players then expect that they are really been required on providing their identity which we know that gambling sites are centralized
or regulated which its just normal that they would really be asked for those information but of us small time or peanuts then i dont really see that much of needed.

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Quote from: Reid on July 07, 2022, 01:21:43 PM

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.

I feel you, providing such information just to gamble or to enjoy your stay during your pastime is not good practice on my personal opinion 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.

Though not all gambling sites but those selected that they really trust and believe that it won't mess with them.

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Quote from: ethereumhunter on July 07, 2022, 09:29:01 AM

Quote from: makishart on July 04, 2022, 07:02:13 PM

LOL no doubt if the main purpose to make people will be very difficult to withdraw their money. That rule was also forcing people to verify and reveal their identity. I was always considering that kind of casino as a scam casino. There's no guarantee if withdraw will be smooth after you have verified your account through sending your KYC to them. They were making their TOS stricting people to withdraw their money. Less money can be withdrawn from that casino.

People will be made difficult to withdraw their winnings by making strict KYC because that is what suspicious casinos will do. But a trusted casino with a good reputation won't do it because once they do and many of their members complain, the casino can lose out on a huge potential profit. People who play at crypto casinos will probably prefer casinos that don't implement KYC as they don't want to send their documents to the casino for security reasons.

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.

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Quote from: KTChampions on July 07, 2022, 12:15:11 PM

Quote from: yazher on July 07, 2022, 02:58:08 AM

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.

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.

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Quote from: Issa56 on July 07, 2022, 12:08:24 PM

Quote from: ethereumhunter on July 07, 2022, 09:29:01 AM

People will be made difficult to withdraw their winnings by making strict KYC because that is what suspicious casinos will do.

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.

I respect your recommendation but KYC is done to avoid minor gambling, money laundering, and also multiple accounts

out there, there are many choices (KYC and non-KYC crypto gambling sites), everyone is free to choose but still for those who don't have a problem with KYC should choose to do KYC on a large trusted and reputable gambling site

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Quote from: yazher on July 07, 2022, 02:58:08 AM

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.

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.

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Quote from: ethereumhunter on July 07, 2022, 09:29:01 AM

People will be made difficult to withdraw their winnings by making strict KYC because that is what suspicious casinos will do.

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.

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Quote from: makishart on July 04, 2022, 07:02:13 PM

LOL no doubt if the main purpose to make people will be very difficult to withdraw their money. That rule was also forcing people to verify and reveal their identity. I was always considering that kind of casino as a scam casino. There's no guarantee if withdraw will be smooth after you have verified your account through sending your KYC to them. They were making their TOS stricting people to withdraw their money. Less money can be withdrawn from that casino.

People will be made difficult to withdraw their winnings by making strict KYC because that is what suspicious casinos will do. But a trusted casino with a good reputation won't do it because once they do and many of their members complain, the casino can lose out on a huge potential profit. People who play at crypto casinos will probably prefer casinos that don't implement KYC as they don't want to send their documents to the casino for security reasons.

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Quote from: Slow death on July 04, 2022, 05:36:22 PM

~
1 - when someone deposits a lot of money in the casino they don't ask for KYC

There are gambling sites where you can't register, or, you can't even open the front page because of the area restriction. It's not a full KYC, but kinda in the same ballpark.

Quote from: Slow death on July 04, 2022, 05:36:22 PM

2 - when someone loses a lot of money at the casino they don't ask for KYC

They simply can't do that in that case. Actually, this made me smile when I thought of it. Imagine, a casino asking you for KYC before showing you the result of your lost huge bet.

Such a practice could be exploited brutally by some gamblers.

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KYC information is traded on the black market between criminals every day. After that information has been misused once it will be sold again and again between various criminal groups that will use it for nefarious purposes. Once it is sold on the black market, the rightful owner will never have cntrol over it again.

Sending KYC to organisations of little standing should be avoided as should sending it to those that try to invoke various clauses in their dubious Terms and Conditions (ToS) in order to withhold funds.

Quote from: yazher on July 07, 2022, 02:58:08 AM

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.

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Quote from: crzy on July 04, 2022, 04:55:32 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.

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Quote from: Ryker1 on July 01, 2022, 04:27:17 PM

Quote from: AicecreaME on July 01, 2022, 10:20:08 AM

KYC is useless unless it is the type of KYC that requires you to take a live selfie after you submitted your I.D. But most of the KYC that I've seen doesn't require a selfie to verify that the I.D you've submitted is really you, not your parents I.D or someone's I.D. For me, I don't really trust this process because you're at a disadvantage if you submitted a legitimate identification of yours, since you don't know where they are really going to use it.

Well sometimes I don't care about the KYC as long as it will not require a selfie ID, perhaps email address and phone number verification are enough as a requirement in KYC. The reason why gamblers avoid KYC is that they want this privacy, they afraid to expose their name could perhaps someday the site will leak and turn into a hack which is your identity documents possible is in the hands of scammers.
We cannot blame them if they avoid KYC gambling casinos because that is what they preferred.

At some point it is correct, where other gamblers just want to be anonymous and privacy to remain secret. It's just that sometimes, we have other gambling platforms that you can't play until the gambler passes the KYC, which is why it seems annoying that such a system that they have is not good for me because why other gambling platforms are the system is not like that.

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Quote from: seleme on July 04, 2022, 04:31:23 PM

Quote from: EdenHazard on July 03, 2022, 07:01:19 PM

Quote from: seleme on July 03, 2022, 04:46:21 PM

Some users are not comfortable with sharing personal documents on illegal gambling websites without a proper license. Getting license from Curacao is easy for average businessman and gambling platforms can use this info for their own advantage. I personally don't want to see my documents on the sale lists of dark websites. Other players use the crypto gambling platforms from restricted regions thanks to VPN but whenever website aka gambling site management catches them they will not agree to send personal documents for obvious reasons.

Even if it was a very huge company with plenty of trust gained.

People still tend to refuse to do the KYC for privacy and security reasons , you wont feel secure once your documents uploaded as things around internet are never safe , sensitive data like the dox are the most wanted one for those privacy stealers, people will never want to do the kyc despite the purpose are for security reasons ... it gave us insecurity instead.

Yeah, nothing online is safe especially if it is related to crypto and finance. That is the reason why gamblers refuse to send personal documents to verify accounts, it is understandable considering how shady things may happen if the site got hacked. The purpose of KYC verification is simple: Gambling platforms wanna know who are you and whether you break T&C or not. If the user is from restricted areas and using the website illegally, this information can put the platform license under question in the long run.

Yes, that is the purpose of KYC but that is just for the platform but that same purpose will be a disadvantage of the client's side like us, because we as the gambler will be at risk as our private details are given to the platform just to pass that KYC. We're just hoping that the casino we've trusted will not be hacked because that same information we had given to them will be put for sale in the black market.

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Quote from: Smartprofit on July 05, 2022, 01:01:03 AM

In my opinion, there can be many good reasons for a player to opt out of the KYC procedure.

Anonymity and confidentiality are the core values of a crypto enthusiast.

These values were important to Satoshi Nakamoto and others who were at the forefront of Bitcoin. They are important to all of us.

The KYC procedure carries a great danger for the player. Confidential data can get into the dark web and be used by criminals for illegal purposes. For example, data obtained as part of the KYC procedure can be used to apply for a loan or loan, as registration data for illegal and criminal actions.

Therefore, I avoid online casinos that require mandatory KYC.

But we cannot really blame these casinos because they are just implementing what the government wants as they won't have their license if they would not obey that implementation. The government is just harsh sometimes with these kinds of things but these things have only surfaced when they received intel that casinos and other online platforms may have been used to launder money.
But we as decent citizens, we are taking the burden because of those criminal organizations, so now we are taking these KYC procedures even if we don't want it so that we can claim and withdraw our winnings/funds.

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That is the standard pattern that many exchanges, on-the-fly-exchanges as well as gaming and gambling websites employ. I mentioned in a different thread today that the Terms and Conditions (or Terms of Service) have routinely been misused and exploited by unscrupulous website operators to justify withholding funds from their own customers/clients.

Winning 'big' is something most if not all gamblers are aiming for but that could also be a poisoned chalice for them because shady website operators might start asking for KYC in the hope the customer refuses, which would allow the scammers to keep the funds.

Quote from: Slow death on July 04, 2022, 05:36:22 PM

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

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In my opinion, there can be many good reasons for a player to opt out of the KYC procedure.

Anonymity and confidentiality are the core values of a crypto enthusiast.

These values were important to Satoshi Nakamoto and others who were at the forefront of Bitcoin. They are important to all of us.

The KYC procedure carries a great danger for the player. Confidential data can get into the dark web and be used by criminals for illegal purposes. For example, data obtained as part of the KYC procedure can be used to apply for a loan or loan, as registration data for illegal and criminal actions.

Therefore, I avoid online casinos that require mandatory KYC.

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Quote from: Slow death on July 04, 2022, 05:36:22 PM

Quote from: blockman on July 04, 2022, 05:19:44 PM

Quote from: RILWAN on July 04, 2022, 02:29:24 PM

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

LOL no doubt if the main purpose to make people will be very difficult to withdraw their money. That rule was also forcing people to verify and reveal their identity. I was always considering that kind of casino as a scam casino. There's no guarantee if withdraw will be smooth after you have verified your account through sending your KYC to them. They were making their TOS stricting people to withdraw their money. Less money can be withdrawn from that casino.

Topic: Reasons why people avoid KYC in gambling casino ? - page 5. (Read 1602 times)