Reasons why people avoid KYC in gambling casino ? - page 8.

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Quote from: wheelz1200 on July 02, 2022, 11:00:31 AM

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?

Most of the time it probably has to do with 1 of 3 things:

1) not wanting to give out your personal information to an unknown.
2) to avoid paying taxes
3) because gambling is illegal in you area

These are probably the main three things that cover 90% of the reasons why.

The first one is the main consideration majority of the casinos are anonymous we don't know the company running the project and of course, as human beings, we do not surrender what we value to people we do not know because it can cost us trouble in the future, this is the internet and there are so many hackers and information sellers and thinking that you have your information floating in the internet or at the hands of people you don't know is a big cause of concern

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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?

Most of the time it probably has to do with 1 of 3 things:

1) not wanting to give out your personal information to an unknown.
2) to avoid paying taxes
3) because gambling is illegal in you area

These are probably the main three things that cover 90% of the reasons why.

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Yes, many gamblers want this but to some, they can just play no matter what type of casino it was (kyc or non kyc based) as there are more other important things for them than the kyc.

I think that the reason why there are players that dislikes doing a kyc is that they think their kyc will be sold and misused by the casino or their representatives and maybe there's a tiny percent that refrain of doing a kyc because they are scared for anyone to know that they are gambling. Who, knows maybe some of their relatives or family members are working on that particular casino? But, if they are on a restricted country, a casino will usually restrict them right at the start.

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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?

For me the biggest fear of providing my documents online is identify theft. If the wrong people are getting access to my personal documents they could use them for illegal activities and even hurt me directly. Once someone has our full address, copy of ID and bank account details he can do a lot of things with. Requesting a new credit card or online banking access which than will be stolen out of our post box cod ruin your whole life. Once the scanners have access to the bank account they will clear it out completely, and even if you manage to get your money back with the help of the bank there can still be permanent damage. One issue could be that the credit rating is getting affected negatively. That's why I am really cautious when it comes to KYC at very new casino. If it's an older casino who has been around for several years and has a good reputation I am not so worried. They usually have a security to prevent misuses of personal information. I also understand that casinos need that to protect itself against money laundering.

Issa56

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I don't think I have to reveal my identity just because I want to gamble, most of those gambling sites can't be trusted, anything can happen to you identity and I believe that's my privacy, some gambling site can be hacked which scammers will use my identity to defraud someone or other illegal things which at the end people might think am the one and also the gambling site can be trusted because they can sell out your identity. Not only gambling site alone any website or crypto exchange that require kyc am not always in support of it.

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Quote from: Sanitough on July 01, 2022, 08:13:51 AM

Quote from: Wind_FURY on July 01, 2022, 06:49:56 AM

Quote from: Gianluca95 on July 01, 2022, 03:44:30 AM

I think that people avoid KYC in gambling casino just because they want to stay anonymous and doesn't want to let someone know that they gamble. Other reason could figure something like money laundering, or play with money earned with criminal methods. That's why is really important for a casino ask for a KYC, in this way they will protect they self from bad situation.

Or another reason could be laziness/procastination, or they probably don't trust the site. I remember the first time I was asked to KYC by an exchange, it was a trusted exchange and one of the oldest, but out of lack of trust, and a little laziness I didn't upload the requirements and my coins stayed in the exchange for 6 weeks. There's something about KYC that makes me feel nervous, and anxious.

I'm okay with exchanges as they are regulated, but on gambling sites, I think it's not safe to comply with the KYC if they will require it. Actually, it's not hard to find a trusted casinos or gambling sites, but on exchanges, there are only few who are trusted and I believe all of them requires a KYC, so we have no option.

But ser, even the big, "trusted" exchanges, and other Bitcoin companies are not truly safe with your data too. Ledger was hacked, and all I.D. and emails were stolen, assumed to be sold in the dark markets. Coinbase, were also reproted to have sold geo-location data to the U.S. government. Laziness and procrastination might save some of our fellow users. Hahaha.

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Quote from: Distinctin on July 01, 2022, 08:31:38 AM

Quote from: Boristhecat on July 01, 2022, 08:28:30 AM

Firstly, all the reasons you listed are reasonable and someone is guided by them. Secondly, I would say that people try to avoid KYC not only in casinos but in general everywhere if possible. I can understand the need for KYC in banks or government agencies, but I do not understand why I need to take KYC for any service. Ideally, mail or phone is sufficient for identification.

That's how the government work, most businesses that involve services on money are required a KYC. They always use the words "anti-money laundering" in order to require us to undergo a KYC, or else they will charge us for a violation and our account could be lock.

The funny thing is that the anti-laundering legislation of the state is applied to those services that use only cryptocurrencies, even if state do not consider cryptocurrencies as money by the law. In my opinion, this is rather hypocritical. However, like other invasions of privacy that are made ostensibly to protect against terrorism/the fight against pedophiles, etc.

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Quote from: AicecreaME on July 01, 2022, 11:20:08 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.

That is still the same - they are collecting your ID/selfie in order to get verified which I really hate doing this. However, we do understand their stands as well as why they are asking those things aside from our basic information upon registration to combat abusers. Sadly, most of the casinos right now are asking for this, even known and trusted sites, I think we found no excuse as they will ask for it at the moment we use their platform.

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Quote from: AicecreaME on July 01, 2022, 11:20:08 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.

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Quote from: BitcoinAccepted on July 01, 2022, 05:02:58 PM

Crypto and the term KYC. You'd say that doesn't go well together. Crypto was created to ensure the idea of anonymity more through the idea of centralization vs decentralization. However, there are more and more casinos that find it necessary to perform a KYC. This is often included in the general terms and conditions. However, I believe that sites don't always have to do that. It seems more like a means of deferring payments. I have never heard a story that a licensing commission has asked for the data of a gambling site.

The problem is that these rules can also be based on pressure from the government which does have the authority to do this which makes this something quite difficult to avoid and gambling houses or casinos will clearly follow the rules given by the government because in the end if they block it then they are the ones who are threatened. .
Even though many people are against KYC, there are still some conditions that gamblers have to do if they still want to continue gambling on one of the sites.

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Crypto and the term KYC. You'd say that doesn't go well together. Crypto was created to ensure the idea of anonymity more through the idea of centralization vs decentralization. However, there are more and more casinos that find it necessary to perform a KYC. This is often included in the general terms and conditions. However, I believe that sites don't always have to do that. It seems more like a means of deferring payments. I have never heard a story that a licensing commission has asked for the data of a gambling site.

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Quote from: Finestream on July 01, 2022, 04:29:41 PM

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?

Gamblers will always chose privacy no matter what, that is why this KYC requirement always suck us. In my honest opinion, I want to avoid KYC as much as possible because I want to remain anonymous not only to the casino itself, but also to my co gamblers. And submitting all my personal documents to the casinos will always create future problems as some casinos are not reliable not to disclose my real identities as they also hold not responsible when someone stole my personal documents and divulge it to the public for whatsoever reasons. That is why gamblers will always prefer to play in casinos who are still not strict with KYC.

One of the reasons on why cryptocurrency gambling casinos or industry had boomed out just because of this sole reason which is "Anonymity" on which you would really be in no need on showing off your personal details

or having those verifications or making use of your credit card when you do tend to play online.Just having your own crypto then you are good to go and playing out games without exposing yourself
which is something that we do always prefer unlike on fiat casinos basing up on experience.

If we do tend to look at on charts or graphs in regarding growth and significant numbers then we would definitely see that its going upward.

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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?

Gamblers will always chose privacy no matter what, that is why this KYC requirement always suck us. In my honest opinion, I want to avoid KYC as much as possible because I want to remain anonymous not only to the casino itself, but also to my co gamblers. And submitting all my personal documents to the casinos will always create future problems as some casinos are not reliable not to disclose my real identities as they also hold not responsible when someone stole my personal documents and divulge it to the public for whatsoever reasons. That is why gamblers will always prefer to play in casinos who are still not strict with KYC.

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Quote from: yazher on July 01, 2022, 10:27:55 AM

In this case, they are just avoiding some bad scenario that may occur if the site won't play honest with them and as we know, they cannot be trusted especially when it comes to giving them our personal information. They might gonna sell it to others and use it to do things that we ourselves won't even imagine to do those things. Lots already happened with this kind of case and after they closed, we won't really know what will gonna happen to our personal data afterward.

I don't think that most of the gamblers think this way as they surely trust the gambling platform as they are risking their funds especially high rollers.

For me, one of the main reason as to why gamblers don't want to provide their identity or do the KYC process is for security purposes on their identity as they are gambling with their own money where they don't want to expose themselves especially for high rollers who gambles with huge amount of money. Also, security on the website and blockchain technology for crypto are not the same where a simple breach of information may result of their identity being expose.

One other reason may possibly be is that the gambler is from a country where online gambling and cryptocurrency is restricted.

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Misuse the identity. That's my reason for it.
As much as possible avoid throwing out any information to anyone. Not just gambling sites or casinos but even with other companies that are looking for it while you are not even a part of them.
It's not like you are applying for a job, you are the one doing the spending and it's only just for entertainment so might as well keep all the important parts of yourself and let me play the game.
I think I just defined "trust". Grin

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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.

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In this case, they are just avoiding some bad scenario that may occur if the site won't play honest with them and as we know, they cannot be trusted especially when it comes to giving them our personal information. They might gonna sell it to others and use it to do things that we ourselves won't even imagine to do those things. Lots already happened with this kind of case and after they closed, we won't really know what will gonna happen to our personal data afterward.

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Quote from: Sanitough on July 01, 2022, 08:13:51 AM

I'm okay with exchanges as they are regulated, but on gambling sites, I think it's not safe to comply with the KYC if they will require it. Actually, it's not hard to find a trusted casinos or gambling sites, but on exchanges, there are only few who are trusted and I believe all of them requires a KYC, so we have no option.

I agree with you because exchanges deal directly with local regulators so exchanges inevitably have to ask their members to do KYC. Maybe a few years ago, exchanges didn't ask for this because crypto developments weren't as popular as they are now. But as cryptocurrencies are growing and people are finding out what crypto can do for them, regulators want to step in and get to know the people behind cryptocurrencies and exchanges. But for the casino, we only gamble briefly, not every day, and only use a small amount of money so we don't feel the need to KYC. Maybe people who use big funds need to do KYC to avoid the illegal activities they are doing.

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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.

The main reason is that most of casinos are not legal based by themselves. So it's kind of weird to ask for KYC if you're a shady business based in offshore jurisdiction, isn't it?

There a lot of cases when casino sell their KYC data to third party and it isn't ok at all. So when some service asks me to do KYC I'm looking does it have all licenses. If not - GG WP

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Quote from: Ratash on July 01, 2022, 08:36:24 AM

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?

Yes i think one of the reasons is what you just mentioned, me personaly i do not feel confortable giving my identity to the casino since gambling is prohibited both on my country and relegion, i think the casino should respect the custumer privacy unless there is a suspecious activity like betting a huge amount of money or a specific gambler is just winning all the bets he make i think in this case a kyc process is needed.

There should be no more "unless", or "if", if they offer anonymous gambling, they should give full anonymity, no more "if" because that can be use in their favor if they will think of cheating us. If we made a violation, then they should just block the acccount, how can the KYC help if we have a violation, we are only getting our real identity known to them.

Topic: Reasons why people avoid KYC in gambling casino ? - page 8. (Read 1597 times)