Reasons why people avoid KYC in gambling casino ? - page 9.

Ratash

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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?

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.

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

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.

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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?

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.

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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.

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Quote from: Saisher on July 01, 2022, 07:34:48 AM

Quote from: Maslate on July 01, 2022, 06:48:32 AM

Quote from: LodisMcguire on July 01, 2022, 05:05:23 AM

Like everyone said here,it's because of privacy and security.You know,some people just want to have fun gambling and not be weighed by those complicated procedure and some people do some shady things that would incriminate them if they give their identities.Casino is mainly for entertainment,so if the customer is not entertained by the way the casino doing business,they will simply avoid it.

And KYC is not fun because it beats the purpose of gambling in crypto which should give us an anonymous gambling experience. I don't know if there are some who would just comply with the KYC, but I believe majority of us here would love to keep our privacy.

The Cryptcasino industry is thriving because gamblers preferred anonymity and privacy, there are instances where gamblers should do KYC on specific situations, like verifying if you made abuse or if you deserve the prize you won because of age legality, this is because of the casino's compliance as a requirement for their license, but there is no requirement when you signing up or depositing.

It's okay if that is the main intention, but if it's only to mislead us or cheat us in order for them to witheld our winning, then that's really a big disadvantage on us because not only they will get our winnings but we are also at risk of our information getting sold in the black market.

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Quote from: Maslate on July 01, 2022, 06:48:32 AM

Quote from: LodisMcguire on July 01, 2022, 05:05:23 AM

Like everyone said here,it's because of privacy and security.You know,some people just want to have fun gambling and not be weighed by those complicated procedure and some people do some shady things that would incriminate them if they give their identities.Casino is mainly for entertainment,so if the customer is not entertained by the way the casino doing business,they will simply avoid it.

And KYC is not fun because it beats the purpose of gambling in crypto which should give us an anonymous gambling experience. I don't know if there are some who would just comply with the KYC, but I believe majority of us here would love to keep our privacy.

The Cryptcasino industry is thriving because gamblers preferred anonymity and privacy, there are instances where gamblers should do KYC on specific situations, like verifying if you made abuse or if you deserve the prize you won because of age legality, this is because of the casino's compliance as a requirement for their license, but there is no requirement when you signing up or depositing.

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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.

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Quote from: LodisMcguire on July 01, 2022, 05:05:23 AM

Like everyone said here,it's because of privacy and security.You know,some people just want to have fun gambling and not be weighed by those complicated procedure and some people do some shady things that would incriminate them if they give their identities.Casino is mainly for entertainment,so if the customer is not entertained by the way the casino doing business,they will simply avoid it.

And KYC is not fun because it beats the purpose of gambling in crypto which should give us an anonymous gambling experience. I don't know if there are some who would just comply with the KYC, but I believe majority of us here would love to keep our privacy.

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Like everyone said here,it's because of privacy and security.You know,some people just want to have fun gambling and not be weighed by those complicated procedure and some people do some shady things that would incriminate them if they give their identities.Casino is mainly for entertainment,so if the customer is not entertained by the way the casino doing business,they will simply avoid it.

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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?

KYC means "know-your-customer." This heavily implies that gambling websites require your personal information, whether it be your name and addresses, or more.

What is the danger behind this feature and why do gamblers avoid this? Well for instance, gambling companies exist on the internet. Since data is privately stored in their system, there is always that risk of leaking your personal information.

When your personal information gets leaked, everyone including their family members or friends are placed in a position of potential danger of misrepresentation. Hackers may use such personal information for their gain and advantage.

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

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?

Privacy is the main reason, even if someone trust the casino but if he/she want to keep his/her privacy, he/she will no be willing to do KYC. Illegal document sales happens most of the time, mostly done by irresponsible staff of the casino who want to make some money by doing illegal document sales. This can be other reason why people are afraid to do KYC including me.

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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.

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Quote from: TopT3ns on June 30, 2022, 07:00:51 PM

Quote from: Wiwo on June 30, 2022, 06:47:14 PM

I do not see anything wrong with gambling sites requesting KYC from their customers, since the points at which the KYC is demanded are clear and are based on some number of factors. KYC will reduce the rate of child gambling since the age of the player will be known through the documents submitted. And KYC also limits money laundering activities through gambling if KYC demands are within this range then I will say it is a win-win situation since it is aimed at making it impossible for a criminal to access the gambling under a fake identity

when a gambling place asks to do KYC I think it will let you know your privacy, at least verification with a cellphone number or email is sufficient, but when using a face as a valid ID then it can make their privacy known by many people and of course only the developer of the gambling place can make the account always lose and never win because the developer knows that that person has a lot of money. so in my opinion there is no need to KYC using face.

One of the most confidential information is the personal identity of a person because if this will become public of course in the internet there's a lot of chance it can be used by the different people and used as identity theft we know how important the identity of the person at the same time it is broad on the internet can be traceable nowadays that's why most of the people want to keep themselves anonymous or lowkey at the same time.

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Quote from: gunhell16 on July 01, 2022, 02:09:11 AM

I think KYC is no longer needed on gambling sites, but there are other gambling sites that we can't stop if they ask for KYC from their players who will create an account on their website platform. So the decision is always up to the individual gamblers if there are others who do not want KYC, simply stop using the gambling site that has KYC requirements.

I think you forgot the word “crypto” on gambling site since fiat online gambling site will always ask to do KYC too all there customers while crypto casino usually didn’t mind the KYC procedure because AML policy usually focuses on tracking fiat money and leaving crypto since its still part of gray area of the regulators but soon this crypto online casino will be forced too just like all the centralized exchange since it involves money.

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Quote from: TopT3ns on July 01, 2022, 12:11:34 AM

Quote from: adzino on June 30, 2022, 08:34:28 PM

All the things you said. Not all people like sharing their data with some random people. Some probably don't have any valid ID. Others are probably gambling from a region where online gambling is prohibited. While there are people that are too lazy to verify their identification (i bet everyone would prefer playing in a casino where there is no KYC). And the rest do it to hide their identity for some shady reasons I guess.

As you said because indeed when you do KYC then all the collected identities can be sold at a low price or it can be expensive on the black market and of course when your data is leaked it will make the privacy of playing at the gambling place disturbed because of the possibility when in government circles began to gamble and become a scandal it would bring shame to him. I think there are already some gambling places that don't implement such KYC and still it's safe to use.

That could happen if you're with an untrusted and nonreputable site that would ask for KYC. If you're using a trusted site, you have nothing to fear because your personal data would be safe. Many of us have proven that since we've passed the KYC from big casino sites before. Just be wise in choosing a trusted casino site.

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Quote from: rahmad2nd on June 30, 2022, 01:28:43 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?

That's why I avoid fiat based online casinos that require KYC requirements, we agree for classic reasons. (privacy) not all online gambling sites can be trusted, even very possible and potentially misuse of documents for the benefit and benefit of irresponsible parties. Even most of us don't know if gambling is licensed and provides full consumer protection rights as a guarantee from KYC, I don't think so.
maybe the whole community here is not willing to do KYC.

I think KYC is no longer needed on gambling sites, but there are other gambling sites that we can't stop if they ask for KYC from their players who will create an account on their website platform. So the decision is always up to the individual gamblers if there are others who do not want KYC, simply stop using the gambling site that has KYC requirements.

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

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?

Apart from these reasons, there may also be tax avoidance. There are many countries where gambling is regulated in such a way that to operate in the country you need a licence which costs quite a lot of money. Gambling licensed bookmakers operating in those countries are completely controlled by the governments and tax first the bookmaker and then the players on the winnings.

Someone playing at a crypto casino without a kyc can access it from these countries, using vpn for example, and in addition to enjoying a higher RTP, they will not pay tax.

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Quote from: adzino on June 30, 2022, 08:34:28 PM

All the things you said. Not all people like sharing their data with some random people. Some probably don't have any valid ID. Others are probably gambling from a region where online gambling is prohibited. While there are people that are too lazy to verify their identification (i bet everyone would prefer playing in a casino where there is no KYC). And the rest do it to hide their identity for some shady reasons I guess.

As you said because indeed when you do KYC then all the collected identities can be sold at a low price or it can be expensive on the black market and of course when your data is leaked it will make the privacy of playing at the gambling place disturbed because of the possibility when in government circles began to gamble and become a scandal it would bring shame to him. I think there are already some gambling places that don't implement such KYC and still it's safe to use.

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I have many experiences from that past that my. Documents being abused or misused .

After providing my details? Days after I started receiving texts and emails or even miscalled by numbers i am not familiar with and that is annoying.

From there I start hating KYC not unless it is badly needed for something i must provide.

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The main reason crypto gamblers don't want to give their identities to casinos is that they just want to gamble and don't want to look like they registered on trading sites. Moreover, by using crypto, people can easily register at the casino without having to reveal their identity. But apparently, casinos don't stand idly by seeing the number of people who can win a lot of money or make a deposit of large amounts of money. Casinos want to know who their members are and their backgrounds so that the casino doesn't get involved with illegal activities. In addition, many of these gamblers gamble not using a lot of money and only spend their time gambling.

Topic: Reasons why people avoid KYC in gambling casino ? - page 9. (Read 1597 times)