risk of kyc on crypto casinos ? - page 6.

Rating Place

legendary

Activity: 3920

Merit: 1061

Quote from: minime0105 on June 26, 2022, 06:15:46 PM

Quote from: Rating Place on June 26, 2022, 12:41:07 PM

As long as you use the same IP, casinos shouldn't ask for anything. KuCoin is a great exchange because of their KYC policy. Casinos should be similar.

I sense something in kyc verification I see that you cannot compare exchange platform kyc with a gambling live casino kyc I will say that exchange platform kyc is more of important than gambling site verification because exchange you don't want to verify who you are and what kind of transactions you do if your document is from original source then your account will be granted what do you offer changing it amount you needed to exchange, but casino is just it's like verification to make a withdrawal for a platform

I'd agree they aren't the same. I just think that KuCoin is the best of the exchanges as far as KYC. With casinos, people are brainwashed into thinking that they should hand over KYC. It doesn't matter how much you win at a Las Vegas casino in blackjack, craps, baccarat and roulette, you don't have to give them any information.

minime0105

hero member

Activity: 1246

Merit: 534

Quote from: Rating Place on June 26, 2022, 12:41:07 PM

As long as you use the same IP, casinos shouldn't ask for anything. KuCoin is a great exchange because of their KYC policy. Casinos should be similar.

I sense something in kyc verification I see that you cannot compare exchange platform kyc with a gambling live casino kyc I will say that exchange platform kyc is more of important than gambling site verification because exchange you don't want to verify who you are and what kind of transactions you do if your document is from original source then your account will be granted what do you offer changing it amount you needed to exchange, but casino is just it's like verification to make a withdrawal for a platform

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: tomos81 on June 26, 2022, 05:50:31 AM

The casino has now reached a stage where no player can play full time without KYC. Because in a short time you can play without personal details. Many intelligent and big rich people gamble here on this website. And they are always involved in gambling which you will be surprised to see.

That's what we have to think about because, with requests from regulators, casinos are forced to comply and will eventually ask for KYC from their members. If people who gamble at the casino use big money, they must be prepared to be asked to verify. But I don't think that small gamblers will be asked for KYC by the casino and hopefully, it will stay that way so that we gamblers who don't spend a lot of money can still play gambling freely.

Rating Place

legendary

Activity: 3920

Merit: 1061

As long as you use the same IP, casinos shouldn't ask for anything. KuCoin is a great exchange because of their KYC policy. Casinos should be similar.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: tabas on June 25, 2022, 06:05:20 PM

Quote from: Findingnemo on June 25, 2022, 05:03:02 PM

There is no guarantee that you will never be asked to comply KYC on an online casino even if there is no mandatory policies regarding registration, or withdrawal because every regulated casinos has their terms and rules where you can see people and residence from certain countries are not allowed to play there so if someone is winning a huge money then they have all the rights to ask about you didn't violate any of their rules to win the bet(s).

This is the truth these days. Before, we saw those casinos that were okay with no compliance prior to KYC. But today is different, everyone will be subject to it especially if you've got huge withdrawals and they'll have to ask you those certain information that they need to verify you as the genuine owner of that account and as well as them complying to their rules of operation. We'll never see today a casino that don't have the rules about questioning a user for kyc suddenly or the rights to ask the user a kyc.

But its understandable right? As you said mostly when there is sudden changes in the activity of an account will trigger the security system of a casino which may put the account on hold until the further process comes officially, yes its bit annoying but also it can save someone's money if the account accessed without authorisation from the actual user.

Danydee

legendary

Activity: 2576

Merit: 1248

As I have indicated before, 777coin.com seems still not requesting any information ..

Just try it out !

mattblizz

copper member

Activity: 9

Merit: 1

Quote from: maydna on June 25, 2022, 09:25:29 AM

Quote from: kotajikikox on June 25, 2022, 12:01:51 AM

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

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

So you know and understand what is the situation then , so accept the fact that there are no casino that we can mention in which will never ask for KYC in all time, because for sure in one thing or another they will ask you still.

So get ready with KYC, especially if you win a lot of money because the casino will ask you. It is less comfortable for us if the casino asks KYC because we want to withdraw the money but cannot do anything and are forced to obey the casino's request. If the casino is a trusted casino and has a reputation, we can believe it but it will depend on our comfort in sending our documents.

I would suggest trying out www.blizz.io

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: tomos81 on June 26, 2022, 05:50:31 AM

The casino has now reached a stage where no player can play full time without KYC. Because in a short time you can play without personal details. Many intelligent and big rich people gamble here on this website. And they are always involved in gambling which you will be surprised to see.

Not all casinos though, there are still plenty of casinos that do not require a KYC, so if in case the current casino you are playing with starts to require you a KYC, then just leave the casino and transfer, easy as that.

We know the risk of submitting our personal information, especially if the gambling site is less trustworthy, so we should do the right thing.

Gambling is fun in crypto because of no KYC, KYC will just kill the fun.

tomos81

hero member

Activity: 980

Merit: 504

PredX - AI-Powered Prediction Market

The casino has now reached a stage where no player can play full time without KYC. Because in a short time you can play without personal details. Many intelligent and big rich people gamble here on this website. And they are always involved in gambling which you will be surprised to see.

Chato1977

member

Activity: 1162

Merit: 58

just admit that there are none of the following casino that will let you play full time without KYC presentation , yeah they will allow you short time or until you are losing but when you earn enough funds to be a literal winner then expect something changing and that is what will happen.

Gambling site are more brainy than us , we are not the one who must win but them .

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: Poker Player on June 25, 2022, 09:51:55 AM

I suppose that the argument that the casinos will give will be a matter of security, but there are those who could see bad intentions in:

1) You lose a lot of money: I do not ask for KYC.
2) You play a lot and win $20; I do not ask you for KYC.
3) You play, win and request a withdrawal: I ask you for KYC.

All we hope is that they are only doing this for security mate but like what these 3 mentioned by you It is an obvious intention in their part to at least delay the withdrawal taken by the gambler simply by asking them to conduct KYC when it is obvious that most players go in their site because they are not asking for Verification or KYC when starting or luring players , but when the winning comes (specially when it is good enough wins?) then this obligation will be asked and if you deny the verification then you'll never get your funds.
this has been an issue from the beginning that's why many of us deny the fact that there are at least single casino site here that does not ask for KYC in any chance.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Poker Player on June 25, 2022, 09:51:55 AM

Quote from: maydna on June 25, 2022, 09:25:29 AM

~snip~

Is that the case?

I have seen it mentioned many times in the forum but I have not checked if it is so, since I mainly play poker on fiat sites and I have only tried the odd crypto casino with pennies.

I suppose that the argument that the casinos will give will be a matter of security, but there are those who could see bad intentions in:

1) You lose a lot of money: I do not ask for KYC.
2) You play a lot and win $20; I do not ask you for KYC.
3) You play, win and request a withdrawal: I ask you for KYC.

Maybe that's the problem. Try to notice if someone wins a large amount and that person is not a long time ago or is an old member of the casino, the casino can ask for KYC. Frankly, I also haven't tried it, especially by using big money to gamble and win a lot of money because I'm too afraid to see a lot of losses. But I'm just trying to think that if I were a casino owner and there was a member who could win a lot of money, would I let that person withdraw the big winning money without me knowing who that person was?

If I were a casino owner, I would want to find out more about that person by asking for KYC. This is a gambling business where the casino wants to make a lot of money and not all owners will let their members withdraw huge amounts of money.

Quote from: Distinctin on June 25, 2022, 01:30:39 PM

Yup, we can't do much about it as casinos are also forced by the authorities to request KYC especially if ever we won big amounts. Also, they are also making sure that the winner is not some random under age kid who accessed their site and if we are not hiding something then KYC is not something that we can be afraid of, that's if the casino is reputable and already trusted.

Of course. Casinos can do little against pressure from the authorities. Casinos will try to comply with the authorities' regulations and ensure everything is still under their control. That is why casinos implement KYC, which may apply to all casinos in the future if the authorities want to interfere in all fiat and crypto based casinos.

tabas

hero member

Activity: 3024

Merit: 745

🌀 Cosmic Casino

Quote from: Findingnemo on June 25, 2022, 05:03:02 PM

There is no guarantee that you will never be asked to comply KYC on an online casino even if there is no mandatory policies regarding registration, or withdrawal because every regulated casinos has their terms and rules where you can see people and residence from certain countries are not allowed to play there so if someone is winning a huge money then they have all the rights to ask about you didn't violate any of their rules to win the bet(s).

This is the truth these days. Before, we saw those casinos that were okay with no compliance prior to KYC. But today is different, everyone will be subject to it especially if you've got huge withdrawals and they'll have to ask you those certain information that they need to verify you as the genuine owner of that account and as well as them complying to their rules of operation. We'll never see today a casino that don't have the rules about questioning a user for kyc suddenly or the rights to ask the user a kyc.

Danydee

legendary

Activity: 2576

Merit: 1248

Quote from: lalabotax on June 25, 2022, 04:55:54 PM

Quote from: Wiwo on June 25, 2022, 02:49:09 PM

Age play a major role for casino to demand for KYC from a player, most of the regulatory compliance casinos must comply with the under-age gambling prohibition law that state that one must be above 🔞 to gamble. But aside from that money laundering is another factor that motivates casino sites to demand KYC. So if one is not ready to face all this kyc demand you have to limit yourself to playing only in casinos that do not demand identity verification.

This may be one of their season for asking LKYC in certain platfor,m especially in the gambling plpatform. We know how children are now easier access gambling platform and they have been usual with this term. Although we as parents must pay attention to our kids in accessing any platform, we cannot get it 24 hours. There is still a chance for kids to join inc certain ng ambling platforms. which is why KYC may be needed.

If the problem is about age, then they should ask for verification upon registration to establish effective restrictions for childs,, If a child need to provide KYC verification to can do profit from some decent winnings, then he can just tell everything to his parents (or ask someone else) for they complete KYC in his place!

The question is more about AMF restrictions, the casino can't provide importants amounts without keeping tracks to show to the authorities.

About this, and as providing personal informations can have many bad side effects.. Why not creating central services aggregated by the authorities where you register you informations at one single time, and they provide you with a kind of numeric ID that you can use then to complete verifications even without sharing your informations!

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

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 ?

There is no guarantee that you will never be asked to comply KYC on an online casino even if there is no mandatory policies regarding registration, or withdrawal because every regulated casinos has their terms and rules where you can see people and residence from certain countries are not allowed to play there so if someone is winning a huge money then they have all the rights to ask about you didn't violate any of their rules to win the bet(s).

lalabotax

full member

Activity: 1582

Merit: 132

BK8 - Most Trusted Gambling Platform

Quote from: Wiwo on June 25, 2022, 02:49:09 PM

Age play a major role for casino to demand for KYC from a player, most of the regulatory compliance casinos must comply with the under-age gambling prohibition law that state that one must be above 🔞 to gamble. But aside from that money laundering is another factor that motivates casino sites to demand KYC. So if one is not ready to face all this kyc demand you have to limit yourself to playing only in casinos that do not demand identity verification.

This may be one of their season for asking LKYC in certain platfor,m especially in the gambling plpatform. We know how children are now easier access gambling platform and they have been usual with this term. Although we as parents must pay attention to our kids in accessing any platform, we cannot get it 24 hours. There is still a chance for kids to join inc certain ng ambling platforms. which is why KYC may be needed. Moreover, it also relates to the restriction of countries, the platform may not risk itself to accept users that come from restricted countries because this will really break the rules and TOS of the company.
However on the other hand, can they hold and save our data very safely? the answer will be not. this will be still risky to put our data on the platform. but once again we sometimes have no idea to do KYC if we want to gambling in certain platforms.
There is always pros and cons about this, weakness and strength

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: ayuskabob on June 20, 2022, 07:48:19 AM

Thanks for the replies guys,so about stake or any other casino that has those kind of "kyc triggers" is there a specif value that make them ask for kyc ? above $10k or something like that ?

Could you explain us in which circumstances Stake has asked you a KYC please? Because I don't think it's honest to say we don't ask any KYC to play at our casino and then asking one once the player has sent funds there or has made some winnings. If they just care about that when their players don't lose their funds it's a scam.

Wiwo

hero member

Activity: 1260

Merit: 765

Top Crypto Casino

Quote from: Danydee on June 25, 2022, 02:03:04 PM

Quote from: Lanatsa on June 25, 2022, 01:52:45 PM

Not all the times if they do ask out for some verification do pertains about verifying about the age of a certain big winner which some of them are just trying to get hold and trying not to give out such win which is

That's right,
so if it is about age they let so childs under the age of majority put money by playing until they win ??

Age play a major role for casino to demand for KYC from a player, most of the regulatory compliance casinos must comply with the under-age gambling prohibition law that state that one must be above 🔞 to gamble. But aside from that money laundering is another factor that motivates casino sites to demand KYC. So if one is not ready to face all this kyc demand you have to limit yourself to playing only in casinos that do not demand identity verification.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: Danydee on June 25, 2022, 02:03:04 PM

Quote from: Lanatsa on June 25, 2022, 01:52:45 PM

Not all the times if they do ask out for some verification do pertains about verifying about the age of a certain big winner which some of them are just trying to get hold and trying not to give out such win which is

That's right,
so if it is about age they let so childs under the age of majority put money by playing until they win ??

They do just love to play safe as we can say. Cheesy

They do let those kids deposit until the last drop of their money and wont really be having any complaints yet they do know that it would really be still on their advantage but on the time that some kids do able to make

some big hits then this is where common modus or something that counters which could result into denying into those payments.Well, we do have terms and conditions but they should have applied it from the start
on not to let any of those minors to hang around and just waiting for them to win and declining their withdrawal.

Danydee

legendary

Activity: 2576

Merit: 1248

Quote from: Lanatsa on June 25, 2022, 01:52:45 PM

Not all the times if they do ask out for some verification do pertains about verifying about the age of a certain big winner which some of them are just trying to get hold and trying not to give out such win which is

That's right,
so if it is about age they let so childs under the age of majority put money by playing until they win ??

Topic: risk of kyc on crypto casinos ? - page 6. (Read 5062 times)