risk of kyc on crypto casinos ? | Bitcointalksearch.org

rodskee

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Quote from: michellee on July 04, 2022, 08:50:18 PM

Quote from: Theones on July 04, 2022, 07:07:35 PM

Quote from: ayuskabob on June 19, 2022, 05:21:15 PM

Looking for more crypto casino options,used to play on stake but had kyc asked over,is there any that has absolutely 0% chance of that being asked ?

ps: if you are a winning player (i know its rare or impossible) or won a big jackpot on any crypto casino, i would like some tips if you can,i can pay for your time,my telegram is @ ellieljonzz

Many people are so concerned about their personal info - which is okie. Many casinos also accepts the facts that people don't want to share their KYC
Some people like to remain low profile while the others a bit show off. Both have their own reasons. Lets respect everyone!

We already respect people's decisions because they know best for them. And about KYC, they also consider where they can submit their documents, whether on an exchange or a gambling site.

but those sites usually are trusted already , meaning most of them had been serving gamblers and users for years without serious allegation and not saving the best for last.

i think what we need to understand that not all of those can be trusted and can be given our documents .

Quote

And people who don't want to submit their documents or don't want to do KYC also know where it is. But, a beginner should read and find a good gambling site for them and not just follow our advice. What is good for us is not necessarily good for them so they need to figure it out independently.

Like always said, it is our prerogative and and choice where to deposit and play, if we think that we are safe then why not continue?
but of course with small amount as starter for more safer experiences.

michellee

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Quote from: Theones on July 04, 2022, 07:07:35 PM

Quote from: ayuskabob on June 19, 2022, 05:21:15 PM

Looking for more crypto casino options,used to play on stake but had kyc asked over,is there any that has absolutely 0% chance of that being asked ?

ps: if you are a winning player (i know its rare or impossible) or won a big jackpot on any crypto casino, i would like some tips if you can,i can pay for your time,my telegram is @ ellieljonzz

Many people are so concerned about their personal info - which is okie. Many casinos also accepts the facts that people don't want to share their KYC
Some people like to remain low profile while the others a bit show off. Both have their own reasons. Lets respect everyone!

We already respect people's decisions because they know best for them. And about KYC, they also consider where they can submit their documents, whether on an exchange or a gambling site.

And people who don't want to submit their documents or don't want to do KYC also know where it is. But, a beginner should read and find a good gambling site for them and not just follow our advice. What is good for us is not necessarily good for them so they need to figure it out independently.

Theones

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Quote from: ayuskabob on June 19, 2022, 05:21:15 PM

Looking for more crypto casino options,used to play on stake but had kyc asked over,is there any that has absolutely 0% chance of that being asked ?

ps: if you are a winning player (i know its rare or impossible) or won a big jackpot on any crypto casino, i would like some tips if you can,i can pay for your time,my telegram is @ ellieljonzz

Many people are so concerned about their personal info - which is okie. Many casinos also accepts the facts that people don't want to share their KYC
Some people like to remain low profile while the others a bit show off. Both have their own reasons. Lets respect everyone!

TimeTeller

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Quote from: Rating Place on July 04, 2022, 01:21:11 PM

The license really doesn't mean anything. Most of the time it's an employee that will sell the customer list. The casino doesn't even realize that the information is being sold. If there's a hack, then the casino knows but not an inside job. I was asked if I wanted a database for $20k USD but said no.

Your first-hand experience tells that this situation is indeed happening.
An inside job is always possible as some employees may be tempted for the money.
Some will offer to the black market and whoever has the highest bid, will get the database.
No doubt, you will receive unsolicited messages or emails, wondering how they did get a hold of your details?
Maybe, we can trust the casino, but the people or one of the staffs, will divert from his role and look for better pay.

Rating Place

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Quote from: Maslate on July 04, 2022, 12:42:30 PM

Quote from: noormcs5 on July 04, 2022, 10:57:20 AM

Quote from: Fredomago on July 03, 2022, 10:56:28 AM

Quote from: Ryker1 on July 03, 2022, 09:49:23 AM

Quote from: erep on July 03, 2022, 09:24:51 AM

^[snip]
Even if you avoid casinos that have KYC requirements, you should consider safe and legal casinos, as KYC requirements must be applied following UKGC requirements to get a license to operate.

Well that is the fact, --if you want to use a legitimate gambling casino is should be a licensed casino but the disadvantage of the licensed casino there is a corresponding KYC implementation. But at least we are always aware that a gambling casino will warrant us this anytime and that is the time we should read carefully the term of use so that we can avoid possible violations that we will face in the future.
KYC is being a part nowadays, though there is the risk --we should choose and pick carefully the gambling casino that we use.

When choosing casino that ask KYC most of the gamblers tend to use those well-known house that really comply with licenses casinos that gamblers are protected of certain laws, if you are willing to provide your personal info in submitting KYC, it's good to pick the house that also have corresponding identities.

You can play and enjoy with lesser chance of being scam if the house are following the government laws, they are subject to everything once you file any accusations about the service, always make sure to read the terms and condition it serves as your main protections against the owners.

One of the things which people fear about KYC is the misuse of the KYC identities and documents. Small unknown casino can sell our KYC related documents and we might be at the risk of big trouble. However, the trusted casino also does not guarantee anything but usually, we have peace of mind that since the casino is trusted they will not misuse our documents.
No one can grantee anything once it comes to the kyc, but never perform your kyc in brand new or untrusted gambling sites.

Indeed, there's still no guarantee at all even if we choose to play at those reputable and trusted casinos but the risk is somehow minimized because their license and name is on the line if ever (I hope not) there's some leakage of information because of that KYC we provided.
Too risky for us to jump from one casino to another just to seek privacy because we could land in a much more dangerous platform than we had the last time.

The license really doesn't mean anything. Most of the time it's an employee that will sell the customer list. The casino doesn't even realize that the information is being sold. If there's a hack, then the casino knows but not an inside job. I was asked if I wanted a database for $20k USD but said no.

Distinctin

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Quote from: 0verseer on July 03, 2022, 02:46:36 PM

Quote from: Distinctin on July 03, 2022, 12:08:18 PM

Quote from: sensimilia on July 03, 2022, 11:29:40 AM

KYC is very important for the security of a user's money or any transaction. If you ever win a big amount in gambling then you are requested to do KYC. Because they want to be sure through KYC that you are the real person. It is better to do KYC in the casino because you do not have to face any problem in case of large transactions.

If they want to check and know that you're the real person or not a kid then they should ask KYC upon registration or upon deposit just like @Maslate have said. KYC may sounds secure though but they should try to be more reasonable and not just ask these questions if we're trying to withdraw our winnings. Although I'm not against KYC as long as that specific casino is reputable and trusted but I'm just curious on their procedure.

Cause they know if they do the KYC check upfront, most bettors would find another site to let them play without KYC first. I know, I know, sound like a predator practice but since every crypto casinos were also doing this so it become a common practice. To keep the incoming bettors in their site, not turning to other sites -> lost a potential customer, or bettor in this case.
Though I wonder if they allow kids to play it first, then ask for KYC later follow your thinking, is that still a breach of laws?

Well, you got a point right there. In fact, I've also thought of that, that KYC are just being asked upon withdrawal and not upon deposit because they are on a competition and they need to find some medium to maintain their clients in their platform. Which is still doesn't sound reasonable for me if that's just their reason.

Quote from: Fivestar4everMVP on July 03, 2022, 02:57:08 PM

Well, I don't think there's anything to be curious about because crypto exchanges do this same thing, there are several exchanges that allow you to deposit, trade and withdraw small amount of money, anything you are ready to deposit, trade or withdraw a large sum of money, you will be asked to upgrade your account from level to level 2 or 3, depending on their tier system, and we all know that this tiers are nothing other than different levels of kyc, there are even other exchanges that allow you to deposit huge sums of money without kyc, but upon trying to withdraw, you will be asked to pass kyc verification before you can withdraw.
It's nothing different from what casinos does, casinos are even better since money you are trying to withdraw is money you won, for some exchanges like I said before, you will deposit your hard earned money without passing kyc but you will be required to pass kyc before you can be allowed to withdraw same money.

Yea, I get that. But that doesn't answer my question though. Are you literally saying that it's the norm that's why I don't have to be curious at all and just go with the flow? Sounds to me that you're easy to be hooked on scams if that's your kind of reasoning.

Maslate

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Quote from: noormcs5 on July 04, 2022, 10:57:20 AM

Quote from: Fredomago on July 03, 2022, 10:56:28 AM

Quote from: Ryker1 on July 03, 2022, 09:49:23 AM

Quote from: erep on July 03, 2022, 09:24:51 AM

^[snip]
Even if you avoid casinos that have KYC requirements, you should consider safe and legal casinos, as KYC requirements must be applied following UKGC requirements to get a license to operate.

Well that is the fact, --if you want to use a legitimate gambling casino is should be a licensed casino but the disadvantage of the licensed casino there is a corresponding KYC implementation. But at least we are always aware that a gambling casino will warrant us this anytime and that is the time we should read carefully the term of use so that we can avoid possible violations that we will face in the future.
KYC is being a part nowadays, though there is the risk --we should choose and pick carefully the gambling casino that we use.

When choosing casino that ask KYC most of the gamblers tend to use those well-known house that really comply with licenses casinos that gamblers are protected of certain laws, if you are willing to provide your personal info in submitting KYC, it's good to pick the house that also have corresponding identities.

You can play and enjoy with lesser chance of being scam if the house are following the government laws, they are subject to everything once you file any accusations about the service, always make sure to read the terms and condition it serves as your main protections against the owners.

One of the things which people fear about KYC is the misuse of the KYC identities and documents. Small unknown casino can sell our KYC related documents and we might be at the risk of big trouble. However, the trusted casino also does not guarantee anything but usually, we have peace of mind that since the casino is trusted they will not misuse our documents.
No one can grantee anything once it comes to the kyc, but never perform your kyc in brand new or untrusted gambling sites.

Indeed, there's still no guarantee at all even if we choose to play at those reputable and trusted casinos but the risk is somehow minimized because their license and name is on the line if ever (I hope not) there's some leakage of information because of that KYC we provided.
Too risky for us to jump from one casino to another just to seek privacy because we could land in a much more dangerous platform than we had the last time.

shasan

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Risk of using kyc on gambling is same risky as you feel risk on the currency exchange site. But both are safe on if you use trusted gambling/crypto exchange site. Please stay away providing KYC to those gambling site who has no licence. And if possible only try to use trusted/reputed gambing site which you can see on this board.

noormcs5

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Quote from: Fredomago on July 03, 2022, 10:56:28 AM

Quote from: Ryker1 on July 03, 2022, 09:49:23 AM

Quote from: erep on July 03, 2022, 09:24:51 AM

^[snip]
Even if you avoid casinos that have KYC requirements, you should consider safe and legal casinos, as KYC requirements must be applied following UKGC requirements to get a license to operate.

Well that is the fact, --if you want to use a legitimate gambling casino is should be a licensed casino but the disadvantage of the licensed casino there is a corresponding KYC implementation. But at least we are always aware that a gambling casino will warrant us this anytime and that is the time we should read carefully the term of use so that we can avoid possible violations that we will face in the future.
KYC is being a part nowadays, though there is the risk --we should choose and pick carefully the gambling casino that we use.

When choosing casino that ask KYC most of the gamblers tend to use those well-known house that really comply with licenses casinos that gamblers are protected of certain laws, if you are willing to provide your personal info in submitting KYC, it's good to pick the house that also have corresponding identities.

You can play and enjoy with lesser chance of being scam if the house are following the government laws, they are subject to everything once you file any accusations about the service, always make sure to read the terms and condition it serves as your main protections against the owners.

One of the things which people fear about KYC is the misuse of the KYC identities and documents. Small unknown casino can sell our KYC related documents and we might be at the risk of big trouble. However, the trusted casino also does not guarantee anything but usually, we have peace of mind that since the casino is trusted they will not misuse our documents.
No one can grantee anything once it comes to the kyc, but never perform your kyc in brand new or untrusted gambling sites.

suzanne5223

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Quote from: mak013 on July 03, 2022, 12:20:25 AM

Quote from: suzanne5223 on June 30, 2022, 02:00:20 PM

Quote from: mak013 on June 29, 2022, 02:14:45 AM

KYC is just an instrument. It doesn`t mean that KYC guarantees that the casino is trusted. And only the casino decides how to use it.

KYC not guarantee the level of trust to have on a casino was the exact thing i said before but KYC is not decided by the casino on how to use it because everything is decide by the casino license master hold and guidelines provide by their financial service.
This is the reason why casinos hire a private company who are specialized in this field to handle their KYC activities.

But only the casino decided to use KYC or not. And i think that there are some reasons to use it. No one want to spent money if he can doesn`t spent.

I want you to know this, no matter how big and user-friendly a casino is, it will never operate outside the contract signed, rules, and regulations set up by its Master License holder.
Although, we have a situation where some casino representatives abuse this by asking for unnecessary KYC and this is the reason why it is good to use a fair casino.

Quote from: mak013 on July 03, 2022, 12:20:25 AM

Quote from: suzanne5223 on June 30, 2022, 02:00:20 PM

Quote from: mak013 on June 29, 2022, 02:14:45 AM

And i don`t think that it can be enough only residing information

KYC in casino is implemented to prevent casino been at risk or abused by online theft and any casino that doesn't have tier which require residing information of their user is misusing their power.

Everyone want to defend himself. If KYC helps to defend casino(in any way - both from cheaters and from the laws ) - they will use it. They work with money and it means responsibility. And the gambler always has a choice when he chooses casino with or without KYC.

KYC in crypto casinos was implemented when online theft and underage player are a problem. Therefore, it prevents casino from getting into trouble with the law.

sensimilia

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Before participating in the casino you should monitor their website carefully and notice their social media followers, if you find everything satisfactory to them, then fulfill their various conditions and do KYC. This will make them pay your dues quickly.

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Quote from: Newlifebtc on July 03, 2022, 04:54:52 PM

Quote from: BitcoinAccepted on July 03, 2022, 03:08:06 PM

Perhaps it is more useful if players take into account in advance that casinos will always ask for a KYC. Then you can adjust to that and that way you will not be faced with surprises. Most players are already familiar with this method, with crypto it also happens more and more often. If you really don't want to participate in the KYC, I think you should do good research beforehand. But in principle, more and more sites will perform the KYC as a check. Usually only luckily once and it can also be completed quickly.

does someone really involved or try to participate in a kyc gambling site or it is the duty of the platform to give is terms and condition, I do see any gambling site that does kyc as a good site we have a people who is a gamble I can Gamble without having any disturbance so I does not condemn kyc because is to know the people who is involved in playing doubles with them

Casinos that use KYC for their members cannot be blamed because they only follow the rules given to them so we as players must be observant to choosing a casino. If we don't like KYC, we can choose a KYC free casino site, maybe they won't apply KYC for members who don't deposit or withdraw large amounts of money. It will be better for us to use it as a place to gamble because if we don't use gambling to make money, we will not worry about KYC. Joining a casino that uses KYC or not using KYC will depend on each gambler's goals and motives for gambling.

Newlifebtc

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Quote from: BitcoinAccepted on July 03, 2022, 03:08:06 PM

Perhaps it is more useful if players take into account in advance that casinos will always ask for a KYC. Then you can adjust to that and that way you will not be faced with surprises. Most players are already familiar with this method, with crypto it also happens more and more often. If you really don't want to participate in the KYC, I think you should do good research beforehand. But in principle, more and more sites will perform the KYC as a check. Usually only luckily once and it can also be completed quickly.

does someone really involved or try to participate in a kyc gambling site or it is the duty of the platform to give is terms and condition, I do see any gambling site that does kyc as a good site we have a people who is a gamble I can Gamble without having any disturbance so I does not condemn kyc because is to know the people who is involved in playing doubles with them

passwordnow

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Quote from: BitcoinAccepted on July 03, 2022, 03:08:06 PM

Perhaps it is more useful if players take into account in advance that casinos will always ask for a KYC.

Most of them will when it's needed to be asked. But if you don't have any problem with that, just gamble and be happy as you play. And if that worries you, there's no need to think of it as it will only be required when you'll be having big withdrawals or your deposits are questionable including your wins.

Quote from: BitcoinAccepted on July 03, 2022, 03:08:06 PM

If you really don't want to participate in the KYC, I think you should do good research beforehand. But in principle, more and more sites will perform the KYC as a check. Usually only luckily once and it can also be completed quickly.

There are also casinos that don't ask for it based on the feedback of many players that have played and you just really have to look for them out.

BitcoinAccepted

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Perhaps it is more useful if players take into account in advance that casinos will always ask for a KYC. Then you can adjust to that and that way you will not be faced with surprises. Most players are already familiar with this method, with crypto it also happens more and more often. If you really don't want to participate in the KYC, I think you should do good research beforehand. But in principle, more and more sites will perform the KYC as a check. Usually only luckily once and it can also be completed quickly.

Fivestar4everMVP

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Quote from: Distinctin on July 03, 2022, 12:08:18 PM

Quote from: sensimilia on July 03, 2022, 11:29:40 AM

KYC is very important for the security of a user's money or any transaction. If you ever win a big amount in gambling then you are requested to do KYC. Because they want to be sure through KYC that you are the real person. It is better to do KYC in the casino because you do not have to face any problem in case of large transactions.

If they want to check and know that you're the real person or not a kid then they should ask KYC upon registration or upon deposit just like @Maslate have said. KYC may sounds secure though but they should try to be more reasonable and not just ask these questions if we're trying to withdraw our winnings. Although I'm not against KYC as long as that specific casino is reputable and trusted but I'm just curious on their procedure.

Well, I don't think there's anything to be curious about because crypto exchanges do this same thing, there are several exchanges that allow you to deposit, trade and withdraw small amount of money, anything you are ready to deposit, trade or withdraw a large sum of money, you will be asked to upgrade your account from level to level 2 or 3, depending on their tier system, and we all know that this tiers are nothing other than different levels of kyc, there are even other exchanges that allow you to deposit huge sums of money without kyc, but upon trying to withdraw, you will be asked to pass kyc verification before you can withdraw.
It's nothing different from what casinos does, casinos are even better since money you are trying to withdraw is money you won, for some exchanges like I said before, you will deposit your hard earned money without passing kyc but you will be required to pass kyc before you can be allowed to withdraw same money.

0verseer

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Quote from: Distinctin on July 03, 2022, 12:08:18 PM

Quote from: sensimilia on July 03, 2022, 11:29:40 AM

KYC is very important for the security of a user's money or any transaction. If you ever win a big amount in gambling then you are requested to do KYC. Because they want to be sure through KYC that you are the real person. It is better to do KYC in the casino because you do not have to face any problem in case of large transactions.

If they want to check and know that you're the real person or not a kid then they should ask KYC upon registration or upon deposit just like @Maslate have said. KYC may sounds secure though but they should try to be more reasonable and not just ask these questions if we're trying to withdraw our winnings. Although I'm not against KYC as long as that specific casino is reputable and trusted but I'm just curious on their procedure.

Cause they know if they do the KYC check upfront, most bettors would find another site to let them play without KYC first. I know, I know, sound like a predator practice but since every crypto casinos were also doing this so it become a common practice. To keep the incoming bettors in their site, not turning to other sites -> lost a potential customer, or bettor in this case.
Though I wonder if they allow kids to play it first, then ask for KYC later follow your thinking, is that still a breach of laws?

Cookdata

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Quote from: Agbe on July 02, 2022, 08:16:52 AM

I am sorry for asking this question here, but I have to ask to know more in my glossary of terms. What is the full meaning of KYC and it function in casino games? I have been trying to know this term since I came to this board but no concrete explanation, some said, it means Know your customer (kyc) but I am not satisfied. I need more on the term or acronym.

As you have said, it is just a measurement to know your customer and the identity behind the person in your casino. There are rules laid down in every Casino, it is your duty to follow them and if you break them, you will be penalized for it and if you are found doing money laundering, you will be reported to a designated investigation department and probably prosecuted for fraud.

Quote from: sensimilia on July 03, 2022, 11:29:40 AM

KYC is very important for the security of a user's money or any transaction. If you ever win a big amount in gambling then you are requested to do KYC. Because they want to be sure through KYC that you are the real person. It is better to do KYC in the casino because you do not have to face any problem in case of large transactions.

How is KYC now a measure for security, it doesn't come close when it comes to the safety of users rather a way of mandatory privacy showcasing at one will, it is not a compulsory aspect of casino but if they request it, you may have to provide it to enjoy other benefits and it may not be enough sometimes as they may even reject it. If privacy isn't something that you value, you can do it to avoid any problems with large transactions or be suspicious of any event but if you are doing that for security, then it is very wrong.

Saint-loup

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Quote from: Rating Place on July 02, 2022, 01:33:29 PM

Quote from: Saint-loup on July 02, 2022, 09:45:09 AM

Quote from: Rating Place on July 01, 2022, 07:37:12 PM

Nitrobetting, Betcoin, Playbetr, Freebitcoin are sites that never ask for KYC unless you use a VPN.

I was talking about Nitrogen Sports, not Nitrobetting. This is 2 different platforms even if they belong to the same company, their ToS and policy are different.
Nobody quoted them but Bitvest and 777coin are also not requiring any KYC to gamble.(Edit : Danydee mentioned 777coin)

Nitrogensports.eu will stop taking action July 6. They are migrating to Nitrobetting.eu. Fully anonymous with bonuses. https://blog.nitrogensports.eu/promotions/announcement-player-migration-from-nitrogen-sports-to-nitrobetting/?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website

I wasn't aware of that, thank you for giving me this information. There is no ANN thread for Nitrogen Sports/Nitro Betting? Because I didn't see anything related to that matter recently. It's a little bit sad unfortunately because AFAIK policies of nitrogen sports were less strict than Nitro betting and the website was faster to load and easier to use from what I could notice.

8rch7

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Quote from: ayuskabob on June 19, 2022, 05:21:15 PM

Looking for more crypto casino options,used to play on stake but had kyc asked over,is there any that has absolutely 0% chance of that being asked ?

ps: if you are a winning player (i know its rare or impossible) or won a big jackpot on any crypto casino, i would like some tips if you can,i can pay for your time,my telegram is @ ellieljonzz

Stake don't require with KYC because you can withdraw your fund and deposit running well after creating account without submit KYC document, but problem faced when your account suddenly close access and try help to costumer service re getting back account. I don't know why you use your telegram account here and you need information or trying how to get access with costumer asking about KYC with Stake casino gambling. Long time in Stake never ask for KYC and withdraw could process with "tip" if account have reach more than 1% level, if active wager easy withdrawing to our friend account.

Topic: risk of kyc on crypto casinos ? (Read 5048 times)