Topic: risk of kyc on crypto casinos ? - page 11. (Read 5048 times)

Yes, using vpn is not a problem on gaming sites. But if they do not claim kyc for deposits and withdrawals then the service of the site can be enjoyed using vpn. But it should be noted that large amount cannot be deposited and if large amount is won, it should be withdrawn from there immediately for safety

That's right because they need to have that to get proper documentation on the winners side so that they will not get penalized for not reporting a huge win happen to their casino  that's why gamblers should prepared about this since we might encounter this to some casino since this is already becoming normal now on several trusted casino's. If we want to play gambling we should also include the KYC requirements because we cannot get away with it so pick the best casino to avoid any risk of identity theft issues.

When casinos pay out jackpots or huge prizes, arent they obliged to give such information to tax authorities? Sure they need to point such winning in their own declaration, otherwise they would have to pay huge income tax. Without information about the winner, the chain of information wont be full. That is why, if you aim to get rich via gambling, get ready to lose anonymity. Or risk gambling in partly white, partly shady casinos.

Like what you said above , it is rare or impossible if you are a winning player so by any chance you already knew that there is nothing we can mention because all online casino will require you KYC in whatever they wanted to ask and that is the situation in gambling since the abusing and cheating take place, casino nowadays are more vigilant and monitoring each accounts activities for possible abusing.

Not all casinos will ask KYC when you create an account. Some casinos will only ask KYC if your account is suspicious of something illegal or not allowed on their casino and also when you are a big time gambler on their casino. Reason why they ask KYC is to avoid money laundering which I am sure you know that it is illegal. You can read it on their casino why they require KYC. Try to check this thread and see if you find what you are looking for. Here's the thread Information of Crypto Casinos License and KYC requirements. Good Luck from Nakamura12.

so still not 100% certain that they will not ask for KYC for some reason. also, maybe there have been cases where they ask for KYC not just because the gambler used VPN and it was just not reported. anyway, it'll be up to OP if he considers your suggestion, I just pointed out that their KYC never mentioned that you have to use VPN in order to be asked for KYC.

- Yes, it was too hard to trust people sending you PM via telegram, this is what I worried about to OP. Possible he might fall into the wrong hands.

-Well, to say how KYC is a big issue not only in gambling but also in exchanges. Something like people hate this too much but guess what, I'd find this helpful on their end to catch abusive players and take advantage of given bonuses. Maybe we have to embrace the fact that we need to comply with KYC but if not, I guess we move on and stop online gambling.

You should avoid asking people here to PM you in telegram  because for sure more on Scammers that will come your way than legit one, and also if you wanted some tips , then best to ask here directly and let the answers comes here than in private messages.

and about KYC? no one can assure you of something here because all gambling site will ask you whenever there is a chances so let it be there  and you will encounter such  maybe not now but in the future.

Is there any particular reason why you don't want to use KYC? I am not sure if there is a 100% guarantee that a casino will not ask for it. In case the casino notices some red flags with your account they will always ask for some documentation, it's to protect them. KYC became the norm for many casinos when doing larger withdraws, I kind of got used to it. As long as it's a trust worthy casino that has been around for some time, I don't mind sharing my data. So far I had never any issues with it.
What kind of tips are you looking for? Strategies for slots or dice? I would be careful with paying someone for such general games, there is a high risk you end up being targeted by a scammer who only wants to take your money. There is a lot of randomness and luck involved in gambling and there is not the one perfect strategy.

You might be too cautious on your data privacy when providing KYC documentation on a gambling platform. However you must also understand why the platform requested you to do it as there are rules and banning on certain countries that might get their platform on jeopardy. Just as you've mentioned, there are some platform that really doesn't require  KYC as long as you will not be subjected to suspicious activity such as huge bets, usage of VPN and other activities whereas you might have violate the platform's rule.

Also, I doubt that the platform will not be liable in case that you will be able to prove that they've used or sold your documents without your knowledge.

In the early beginning of crypto-casinos and till a certain time there was lot that don't require KYC nor any personal information, this was kind a criteria..  But this was before government started regulating crypto-currencies, then all institutions had to comply with AML AMF laws.

a simple example of a technique that can be used for launder money is placing bets on all results of a event with equal odds, of course not from the same account, even in different bookmakers.. as there's equal odds you sure to recover your money minus bookmaker fees.. then you can claim that you won that amount by gambling !
 
So following the regulations when exceeding the threshold limit they have to register your informations and save them  for the authorities.





 then but..  that mean that "YOUR" funds are keept restricted from you,  so the question is do when you play and lose money it is all good, till you win ! ??

 In addition that some users are just not comfortable with providing personal informations to any service they want to use and so

 Thing understandable following the risks behind this, especially the fact anyone that can access the database, (from inside,  from a hack .. ) can have a fraudulent or non-consented use of your infos and documents !


 So I'm wondering why there is not such unique aggregated service where you can register/verify your ID and infos and provide you with a unique key/identifient for identifying in those casinos / services ..  !?

---

 Writing this message and I remembered the very old site ( https://777coin.com ), they don't seems requiring any KYC or personal info yet !  Thing surprising!      ( and they have pretty good games )

If someone is interested registering under my refferal just PM me !   (nevermind, just a little wink to some moderators of this boad)

that's the dilemma of some users, where will their details will end up with. we can never tell what's gonna be after few years from now. can be sold in the darknet or who knows where.. anyway if you trust the casino, you won't be too worried about what will happen to your private details. but as much as possible, just send your kyc in casinos that you truly trust and has very credible reputation in the community.

Isn't the risk same with us doing KYC on other platforms besides gambling?
The security of our data is questionable and whether they guarantee it.
Moreover, there is a lot of negative news related to data sales, data hacks and also security systems on certain platforms.
Not only that, there are many people who want to do Gambling without knowing their identity, but with the existence of KYC, this is not in line with expectations, right?

But, unfortunately, many trusted and reoutable gambling platforms right now need KYC due to hthe policy terms and TOS.

The problem is that the person will KYC in an anonymous casino and where the owners of the casino are anonymous and the person does not know where his document will be kept, and if one day the casino sells his documents and if a criminal buys the documents and commits some crime? I think this KYC question should only be used in serious cases where someone is suspected of having too many accounts and would be abusing bonuses. because someone's documents are something very sensitive and should be handled in a very responsible way

I don't think is every player that KYC is requested from as some casino only requires verification from certain users who may either violate their rule or want to withdraw a big amount which needs to go through some verification. But if you are clean without any criminal behavior you should care less about kyc.

What you needed to understand here is that we have two categories of casino games which are basically the kyc and non kyc casinos, what you want now determines the fate of your choice taken, many fails to understand the need for kyc as an unnecessary demand sonce many gamblers would love to protect their identity even while enjoying the beauty of the games played, once a thorough research is carried out on a casino to know weather it requires kyc or not thennit should be able to suit the gambler desired purpose.

IIRC, edgeless and earnbet were the known ones before but I don't know where they are right now and if they have sticked to that status of being decentralized.

And to tell about decentralized as a description for a casino. If you go and search for it, they'll show you the centralized ones. I guess these reviewers have already that knowledge that when people tell decentralized then it means to them that it's about blockchain.

There's that misunderstanding on that part and that's why some articles won't be helpful enough if someone really tries to find one these days. And I think that's also the same as before that when we believe that a casino was decentralized, it's all just about the description but not the actual.

KYC had been major problem why gamblers are not always interested in many of the gambling platforms I know because especially the rich gamblers that do not like giving out their identity on net for nothing. Gambling platform without KYC will have more costumers than the ones that do require KYC especially if they have the same features and reputations.

Well, the thing is that there are actually some casinos I know of that doesn't require kyc, at least, they have never asked me for kyc since I started playing there, but another thing is that I've never won any big amount of money, so i cant really say for sure because I know that most casinos don't ask for kyc as long as you keep winning small amount of money, but they always turn out to ask for kyc verification as soon as you win big amount of money.
My only advice is that you shouldn't trust any casino that tells you they don't require or ask for kyc, this is because this thing they say is nothing but one their marketing strategy, so always get your documents ready incase you win a big amount of money and they ask you to pass kyc verification before you can withdraw.

Most of the big casinos are going to ask you for the KYC, it might be because of security reasons or it might also be for government policies as well therefore i won't recommend you going around looking for casinos without KYC, choose good casinos and see if they have options of no KYC, you can also go to blackjack.fun and see and play there, they would let you play without KYC as well, other than that what are the chances of you actually finding a winning player! It's all about luck, go to the sports section and you would be able to see many people who profit out of it as well and are quite regular in the meta threads.