risk of kyc on crypto casinos ? - page 2.

Distinctin

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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.

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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.

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Quote from: Doan9269 on July 02, 2022, 10:52:47 AM

The reason why many want to go for casinos that requires no kyc issues is because of the inconveniences they put gamblers through when trying to make withdrawals especially in dealing with a big win, it's not everybody that want to reveal their identity on third party websites just for security reasons while some don't mind loosing thier privacy, i will also go against kyc because it's needless as long as if it was not required at first place then it shouldn't be a thing of demand when making withdrawals for a winning.

That is why I don't really understand why there are some casinos that will suddenly require KYC if we win big and want to withdraw it, if they will just ask us about our details then they should've done that asking before we deposit some funds to their platform. I know that they are just following rules that were imposed by the government but I don't see that one as a reasonable thing either and I'm seeing it more as a trap to have them freeze our winnings if we won't give our details.

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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.

are you aware that any gambling platform that is in the mind of kyc verification I have licence to operate with and the itch all the gambling platforms who which is demanding verification if you can observe it and assess it very well he will know that yes those platforms I have the one I cannot make away or run away with your money as a deposit so is better for someone to have verification in a platform than for you to not have every relation to a platform that you know does not worth it. KYC is sure for good companies

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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.

Ryker1

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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.

erep

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Quote from: pawanjain on July 03, 2022, 06:43:55 AM

Oh well, I never knew they had this condition mentioned on their site.
Although they don't have KYC for regular gambling on their site but this condition definitely means one can will need to do the KYC in certain situations.

I suggest that you understand the terms of service to know all the detailed explanations regarding the casino site used, but if you are an active user of the BC.games casino and have no problem with the limited gambling service features, then my assumption is that the casino site has not implemented 100% KYC for users or purposes KYC may be applied at any time according to the description of the terms of service.

Quote

In this case, I think there will only a few gambling sites which has no KYC process all together.

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.

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Quote from: Solosanz on July 02, 2022, 09:12:42 AM

Quote from: pawanjain on July 02, 2022, 08:45:36 AM

Even BC.GAME doesn't require a KYC. I have been with them for more than a year now.

Different people will have different experience and @OP is looking for casino without KYC completely 100%.

Quote from: https://bc.game/help/terms-service

6. Know your Customer (“KYC”)

BC.GAME reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. BC.GAME reserves the right to restrict service and payment until identity is sufficiently determined.

Oh well, I never knew they had this condition mentioned on their site.
Although they don't have KYC for regular gambling on their site but this condition definitely means one can will need to do the KYC in certain situations.
In this case, I think there will only a few gambling sites which has no KYC process all together.

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Quote from: Desmong on July 03, 2022, 02:35:47 AM

Quote from: South Park on July 02, 2022, 11:32:09 PM

Quote from: Doan9269 on July 02, 2022, 10:52:47 AM

The reason why many want to go for casinos that requires no kyc issues is because of the inconveniences they put gamblers through when trying to make withdrawals especially in dealing with a big win, it's not everybody that want to reveal their identity on third party websites just for security reasons while some don't mind loosing thier privacy, i will also go against kyc because it's needless as long as if it was not required at first place then it shouldn't be a thing of demand when making withdrawals for a winning.

Without a doubt this is true, after all the chances that we get lucky are on the low side, but we know it could happen to us at some point and we do not want to deal with a casino that will try to somehow not pay our rightful profits, however it is a difficult balance to obtain, on one hand we want a casino that is trusted but that at the same time it will not ask for our personal information if we happened to win big, and there are not too many casinos which fulfill both of those conditions.

Whether a casino needs a KYC or not most gamblers are mostly interested in getting their withdrawals without any restrictions. There are some casino that can restrict you from getting your withdrawal and at the end they we ask for KYC. If the gambler is not able to drop their KYC then withdrawal will be withhold. Once is can always withdraw my fund without difficulty then I am very okay even with KYC.

If a withdrawal is not held then KYC may not be bad in your opinion, but not only that you get your withdrawal if KYC is done but what of your privacy some identities get sold on the dark web so most gamblers will not want the identity theft so they try as much as possible to avoid KYC casino.

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Quote from: South Park on July 02, 2022, 11:32:09 PM

Quote from: Doan9269 on July 02, 2022, 10:52:47 AM

The reason why many want to go for casinos that requires no kyc issues is because of the inconveniences they put gamblers through when trying to make withdrawals especially in dealing with a big win, it's not everybody that want to reveal their identity on third party websites just for security reasons while some don't mind loosing thier privacy, i will also go against kyc because it's needless as long as if it was not required at first place then it shouldn't be a thing of demand when making withdrawals for a winning.

Without a doubt this is true, after all the chances that we get lucky are on the low side, but we know it could happen to us at some point and we do not want to deal with a casino that will try to somehow not pay our rightful profits, however it is a difficult balance to obtain, on one hand we want a casino that is trusted but that at the same time it will not ask for our personal information if we happened to win big, and there are not too many casinos which fulfill both of those conditions.

Whether a casino needs a KYC or not most gamblers are mostly interested in getting their withdrawals without any restrictions. There are some casino that can restrict you from getting your withdrawal and at the end they we ask for KYC. If the gambler is not able to drop their KYC then withdrawal will be withhold. Once is can always withdraw my fund without difficult then I am very okay even with KYC.

mak013

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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.

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.

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Quote from: Doan9269 on July 02, 2022, 10:52:47 AM

The reason why many want to go for casinos that requires no kyc issues is because of the inconveniences they put gamblers through when trying to make withdrawals especially in dealing with a big win, it's not everybody that want to reveal their identity on third party websites just for security reasons while some don't mind loosing thier privacy, i will also go against kyc because it's needless as long as if it was not required at first place then it shouldn't be a thing of demand when making withdrawals for a winning.

Without a doubt this is true, after all the chances that we get lucky are on the low side, but we know it could happen to us at some point and we do not want to deal with a casino that will try to somehow not pay our rightful profits, however it is a difficult balance to obtain, on one hand we want a casino that is trusted but that at the same time it will not ask for our personal information if we happened to win big, and there are not too many casinos which fulfill both of those conditions.

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Quote from: Danydee on July 02, 2022, 12:04:01 PM

Quote from: Saint-loup on July 01, 2022, 04:54:14 PM

Yobit provides .... while they never ask KYC.

The same like btc-e.com, no mandatory KYC.. it was a very great platform..

About Yobit dice game, it's with like 4% house edge?! Not very sure that here's people that will deposit just to playing that game.. regardless the fact it is not provably faire, not provide custom settings, without auto-bet bot !

Not provably fair but from what I've seen their dice is fair, I'm playing dice every day there and I've never encountered weird results until now. The house edge is rather high but afaik it's the dice game with the most altcoins available of the crypto space as for now. Then it can be interesting if you have dead coins and you don't know what to do with them. There are also few other games like the pony race from what I know.

Rating Place

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

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

Quote from: Saint-loup on July 01, 2022, 04:54:14 PM

The only sites I know with 0 chances to ask KYC are not big unfortunately. But AFAIK Freebitcoin never ask any KYC even to its biggest high rollers. They are even working on a full non-custodial and decentralized casino, it should be released in the coming months. Besides that, Nitrogen doesn't ask any KYC too AFAIK, Yobit provides a dice game and few other games while they never ask KYC.

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)

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boris singer

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Quote from: Doan9269 on July 02, 2022, 10:52:47 AM

The reason why many want to go for casinos that requires no kyc issues is because of the inconveniences they put gamblers through when trying to make withdrawals especially in dealing with a big win, it's not everybody that want to reveal their identity on third party websites just for security reasons while some don't mind loosing thier privacy, i will also go against kyc because it's needless as long as if it was not required at first place then it shouldn't be a thing of demand when making withdrawals for a winning.

If you look at things like this, it's also not wrong if KYC is needed for the casino to be able to verify whether he or she is an asset holder or not because it's quite clear when we bring big money there or indeed get a profit there, indirectly our status will be a bit different from other gamblers.
Although there are still many who want Anonymity but I think there are some people whose goal is to be known as well and not only to gamble there.

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Quote from: Saint-loup on July 01, 2022, 04:54:14 PM

Yobit provides .... while they never ask KYC.

The same like btc-e.com, no mandatory KYC.. it was a very great platform..

About Yobit dice game, it's with like 4% house edge?! Not very sure that here's people that will deposit just to playing that game.. regardless the fact it is not provably faire, not provide custom settings, without auto-bet bot !

Doan9269

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The reason why many want to go for casinos that requires no kyc issues is because of the inconveniences they put gamblers through when trying to make withdrawals especially in dealing with a big win, it's not everybody that want to reveal their identity on third party websites just for security reasons while some don't mind loosing thier privacy, i will also go against kyc because it's needless as long as if it was not required at first place then it shouldn't be a thing of demand when making withdrawals for a winning.

$crypto$

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Quote from: Maslate on July 02, 2022, 09:39:39 AM

I like to know the reason why they have to require us a KYC if we win big? Is this even reasonable or they are just trying to investigate us so if they have a chance they will freeze our account and take our winnings? I just don't understand, because most gambling site promote anonymous gambling but they have the power to force us to comply with KYC if they want.

Their reasons are many if we win big, such as for example, abuse, not following the rules, having many accounts, etc., even though we follow the rules correctly and don't blame usability, then with big wins, it will definitely be checked in more detail, it's usually like that, then from that even though their casino is anonymous but sometimes they always have rules that force KYC at any time of course we have to do it if we win big.
Maybe it's because of the regulation rules that KYC is needed because I see on average in the FAQ rules KYC is always asked if the casino needs it.

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

Quote from: Saint-loup on July 01, 2022, 04:54:14 PM

The only sites I know with 0 chances to ask KYC are not big unfortunately. But AFAIK Freebitcoin never ask any KYC even to its biggest high rollers. They are even working on a full non-custodial and decentralized casino, it should be released in the coming months. Besides that, Nitrogen doesn't ask any KYC too AFAIK, Yobit provides a dice game and few other games while they never ask KYC.

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)

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Quote from: goinmerry on July 02, 2022, 09:29:24 AM

Quote from: RILWAN on July 01, 2022, 04:48:58 PM

One of the major disadvantages of KYC is the fact that your data may be compromised or get licked or sold on the dark web and used to commit crimes, but aside from this the most agreed way to reduce crime and underage, gambling is through KYC and if the casino has strong security the users are good to go even with KYC in place.

Why the hell in the first place you will undergo a KYC to a site that's not even worthy to put some trust. Of course, to minimize the risks, only follow KYC procedures on a reputable site or those that are in the operation for a long already.

In most gambling sites, KYC is not a mandatory thing but it will just possibly ask depending on your account activity like in most cases when you won big or something fishy is happening on the site. Shouldn't be a bad idea to undergo KYC if we are talking about reputable sites.

Don't make things too much complicated.

I like to know the reason why they have to require us a KYC if we win big? Is this even reasonable or they are just trying to investigate us so if they have a chance they will freeze our account and take our winnings? I just don't understand, because most gambling site promote anonymous gambling but they have the power to force us to comply with KYC if they want.

Topic: risk of kyc on crypto casinos ? - page 2. (Read 5062 times)