risk of kyc on crypto casinos ? - page 7.

Lanatsa

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

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.

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.

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

really something very shady to be done by some casinos thats why its really always be that ideal on sticking with reputable and known casinos so that you would really make yourself a little bit confident whenever you

do play on a certain site and do knows that you are dealing with the right place and in case there are people who do make up some big wins including you then you dont have any doubts that you would really get paid.
KYC could neither be asked or not but most of casinos now doesnt really ask and pay out directly unless if you are dealing with fiat casinos.

Jody.Drummer

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

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

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.

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.

This is what happens often and makes more sense for the OP to pay attention to. You have explained it in a simple and uncomplicated way. The fact is that when we only bet small and make small profits, there is no need to worry about KYC. Because the withdrawal limit is still under KYC requirements. Therefore, I further limit the bets in each casino so as not to exceed the maximum limit for further verification.

Distinctin

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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.

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.

famososMuertos

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risk of kyc on crypto casinos ?
"risk" has a connotation of probability, that is, there is a margin for yes or no, this is obvious, but your 100% has to be on some side of the yes or no, there can be no doubts.

So the question is, How sure are you that either of the 2 answers will occur... yes(!?) or no(!?).

Look for casinos that offer the closest possibility to that 100%, everything else is doubt, and if your doubts make you be in a kyc that you do not want, that is easy; next casino.

The Kyc is a nuisance, without a doubt, we are on "crypto mode" to avoid having to submit documentation, but it is something that for whatever reason is not 100% secure, although there are casinos that are, but I like the margin of 99.99% that small probability of 0.01% is latent, so starting to win starts with things like being clear about where you deposit.

Poker Player

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

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.

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.

maydna

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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.

Doan9269

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Quote from: keyscore44 on June 25, 2022, 01:54:13 AM

KYC verification request at the time of a big win is made with the hope that the user has provided false data and the big win will not have to be paid out.

Some casinos will clearly stated it that they require KYC in their policy and privacy while some once you hot registered they will bump you a continuous alert pop up on the screen that " in other to be able to perform higher transaction and increase your withdrawal limit, complete the verification process" then one will have to go through thelat process which is the KYC requirements, therefore in cases like this there should not be any unrest after making a win because it shouldn't have been a new thing to the gambler, while those information provided should not be altered and can be used for reference purpose in other subsequent user's request for wager or withdrawal as the case maybe.

keyscore44

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Quote from: BobK71 on June 24, 2022, 10:13:46 PM

Quote from: TopTort777 on June 21, 2022, 06:00:23 AM

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.

In all the countries where casinos are legalized, the government collects taxes from the casinos. If anyone gets a jackpot or big amount of money, they usually have to pay tax to the government. That's why KYC is mandatory in all those casinos especially for well know casino. I think a professional gambler should do it. But of course it is better to do KYC in a good quality casino where professional gamblers information will be protected.

If the law in some country says that gambling winnings must be taxed, it doesn't matter if it's a big win or a small win, just all winnings have to be taxed. In my opinion, a KYC verification request at the time of a big win is made with the hope that the user has provided false data and the big win will not have to be paid out.
If the casino has the option to require KYC verification in the regulations, then in my opinion it should be clearly specified during registration, if it is not, then hiding it and asking for verification in the case of a big win is not fair in my opinion.

kotajikikox

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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 ?

There is None mate as Far as i understand , and besides if you are not contented in one of the oldest casino here in Crypto in which STAKE.com then what else can we offer you?

Quote

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.

Dave1

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Quote from: pitchaq on June 24, 2022, 12:02:07 PM

Just find the homeless in your city with id, give him 20 bucks and bam u r verified

Not easy as it sounds though, yes, there could be homeless people around by do they have id to begin with?

So it's either you don't want to send your personal info for KYC and not circumvent on it, or just look for other options, casinos that don't require KYC. For sure there are still that exist, and maybe just a phone number to verify (you can buy disposable SIM card) and your identity is still protected.

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Quote from: dataispower on June 24, 2022, 12:14:58 PM

from my aspect of reasoning the important of KYC verification in any platforms is to sincere know each of the customer documentary, if really they are guine. In my own aspect of understanding what is kyc I know that kyc it's when you verify account and if you happen to win a large amount of money there will be no doubt not to forget you the amount of money you needed or you win so that is to show you that you are the original person to be credited 3 kyc document verification we will be officially known

That's what casinos want, so they ask their members for KYC, especially those who won a lot of money and want to withdraw it. Casinos don't want to get involved with any illegal cases. Hence, they do that because regulators also supervise casinos and maybe casinos should also report them to regulators if they find illegal activities in their casinos. So that's why casinos ask for KYC but if you don't win a lot of money, casinos don't ask for KYC right now but maybe sometime in the future.

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Quote from: BobK71 on June 24, 2022, 10:13:46 PM

Quote from: TopTort777 on June 21, 2022, 06:00:23 AM

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.

In all the countries where casinos are legalized, the government collects taxes from the casinos. If anyone gets a jackpot or big amount of money, they usually have to pay tax to the government. That's why KYC is mandatory in all those casinos especially for well know casino. I think a professional gambler should do it. But of course it is better to do KYC in a good quality casino where professional gamblers information will be protected.

Some gambling casino does not use this kind of KYC mandatory to the people who make a huge win if they are actively playing but if the player just created an account and make a hit of jackpot they will think it is ideal to submit a KYC because might probably abuse like bonuses to the new accounts and make a huge win because of the first games of them. Also KYC has a lot of benefits to the player for their security and transactions there's no limiting of it because they are verified.

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Quote from: TopTort777 on June 21, 2022, 06:00:23 AM

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.

In all the countries where casinos are legalized, the government collects taxes from the casinos. If anyone gets a jackpot or big amount of money, they usually have to pay tax to the government. That's why KYC is mandatory in all those casinos especially for well know casino. I think a professional gambler should do it. But of course it is better to do KYC in a good quality casino where professional gamblers information will be protected.

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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

This is unlikely, casinos know that players do not want to go through KYC as the majority of them put a huge value on keeping their privacy, however this does not mean that you are not going to eventually face a KYC request as maybe there is a suspicious activity in your account, you are using a VPN, you are suspected of having multiple accounts or simply your bets are too big and casinos are forced to verify your identity, however the majority of gamblers out there have never faced any KYC request as they do not fall into a single one of the categories which will require them to go through such a verification process.

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^^
The problem here is that even if the casino can be trusted and we are one hundred percent sure they are not going to sell our documents or use them for bad purposes, there is still the possibility the casino website get hacked and its database alongside with our documents gets leaked.
I would recommend only sending your documents to a trusted website and make sure they know how to keep them safe (by encrypting them for example).

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Quote from: bhooscream on June 24, 2022, 06:09:35 PM

Yes unfortunately, many casinos right now need KYC. They do it not only based on restirctions for certain countries. But also to decrease the frauds.
But,, KYC in all things are risky. We are not sure that they will keep our data exactly safe. We cannot believe them 109% that they will not use our data for certain significance. Or we are also afraid that our data will be stolen and used for crimes.
That is why it is better to find non kyc right? I think that FreeBitco is one of them that doesn't need KYC. And this is a big site, right?

to limit your exposure to possible unseen circumstances, make sure to submit your kyc in very few gambling sites that you think worth sending your details because you will be an active player on their site. don't just send your docs because of your impulsive decision. weigh your options and much better if you will only submit to selected casinos. as we have no clue where will our data will end up with, we only hope that they will not be used to other purposes.
yes, freebitco doesn't need kyc up until now. but don't know if they are requiring their high rollers. but haven't read anything about it.

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Quote from: bhooscream on June 24, 2022, 06:09:35 PM

Yes unfortunately, many casinos right now need KYC. They do it not only based on restirctions for certain countries. But also to decrease the frauds.
But,, KYC in all things are risky. We are not sure that they will keep our data exactly safe. We cannot believe them 109% that they will not use our data for certain significance. Or we are also afraid that our data will be stolen and used for crimes.
That is why it is better to find non kyc right? I think that FreeBitco is one of them that doesn't need KYC. And this is a big site, right?

For complying the law it means that most of them are regulated so we can assure that our data is safe if we play on government compliance casino. That's why picking a trusted and long time running casino is vital so that we will not fall on a small ones fishing only the identity of the people. If we are afraid to all of this we better stop gambling since its a sign that we don't accept the risk beneath on what we are doing.

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Yes unfortunately, many casinos right now need KYC. They do it not only based on restirctions for certain countries. But also to decrease the frauds.
But,, KYC in all things are risky. We are not sure that they will keep our data exactly safe. We cannot believe them 109% that they will not use our data for certain significance. Or we are also afraid that our data will be stolen and used for crimes.
That is why it is better to find non kyc right? I think that FreeBitco is one of them that doesn't need KYC. And this is a big site, right?

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Quote from: pitchaq on June 24, 2022, 12:02:07 PM

Just find the homeless in your city with id, give him 20 bucks and bam u r verified

This looks easy but seriously it is still not safe especially if the site asked for other legal documents and you might be on a bigger trouble later on. Using other information just to register on that site doesn’t look safe for me, because they can have the chance to access your account and of course you can’t raise concern right away because its not your own identity. KYC is risky for a new site, but if the gambling site is reputable I guess passing the KYC level 1 is not a problem anymore.

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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

There is always a risk of KYC eventually being required. You will find that most casinos start off small and are a little bit flexible, they draw in customers by being under the radar of regulators. They use zero KYC as a selling point and it helps because they don't necessarily have the means to validate them anyway. However once these companies reach a certain threshold, if they start using certain payment processors or third party systems (like support or security) then they will realize that KYC is essential to grow. At that point they will jettison the certain group of users who adamantly avoid KYC in return for the legitimacy it offers when trying to move into certain markets. Even if it just means they can advertise on a big scale in a country which they don't operate in, you're talking big money at stake.

Topic: risk of kyc on crypto casinos ? - page 7. (Read 5048 times)