Some Random Thoughts on KYC and Non-KYC

LUCKMCFLY

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Quote from: bias on November 01, 2024, 09:44:25 AM

This is the correct and clear way to conduct KYC/ AML procedures. Doing everything from the start makes the casino far more legitimate and transparent to its possible clients.
Casinos that require verifications after accepting a deposit without asking for anything or making big sign-up offers but don't write the full terms from the beginning are not among my favorites. It seems designed to trap you into putting your money in (this is always in the casino's interest) and being unable to withdraw it. Why would a casino do this and be considered tricky or sketchy?
As for anonymity, unfortunately for us who loved it, the days when we didn't need to do any kind of verification were long gone. Cry

That's right, now we as good players rely on confining the KYC only to the most reliable and reputable casinos and although not everything is safe, a casino that is quite safe and reputable gives us the greatest peace of mind if we play there, what you say is very true, the anonymity is what we must take care of but not in casinos, but in our finances, those who have btc, crypto should not make the mistake of declaring them under any circumstances, because the government would already have a whole list of what we have and what we don't have, so it's not good, and if they realize that we play in a crypto casino the taxes must be huge.

ethereumhunter

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Quote from: LUCKMCFLY on October 31, 2024, 11:38:49 PM

And that is the biggest mistake, a casino that requires KYC must do so at the time of Deportation and until the KYC is passed , no deposit can be made.

It is a fact that things are like this, but I think that in the future we will not be able to implement KYC as everything goes, because people do not like being followed, to see what they do and what they do not, currently technology has been in charge of providing more tools to be a little more anonymous, the younger generations already know how to put anonymity Protocols on their Actions on a PC , due to Online games or something they do so that they do not get Hacked and without shame learn about networks and security, that is something that is very useful, then they will not want to reveal their identity, that is something that is being Implemented for now , but I am sure that many will Skip those regulations.

But they can not deny the request of KYC from the casino or other websites especially if they are use that site very often. KYC now becomes a primary things on the sites to prevents the illegal things that their members can do.

And even if they knows how to put anonymity, they will difficult to skip the KYC because that will be one of the requirement that the sites apply. They can use the casino or other sites that doesn't requires KYC but they must be careful to pick the sites and play the games on that site. Maybe they will still find the casino that doesn't require KYC but in the future, that will difficult to avoids.

bias

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Quote from: LUCKMCFLY on October 31, 2024, 11:38:49 PM

Quote from: ethereumhunter on October 27, 2024, 06:08:20 AM

Usually, casino will request them to do KYC before they continue the withdrawal process as they want to check everything before they send the money.

And that is the biggest mistake, a casino that requires KYC must do so at the time of Deportation and until the KYC is passed , no deposit can be made.

This is the correct and clear way to conduct KYC/ AML procedures. Doing everything from the start makes the casino far more legitimate and transparent to its possible clients.
Casinos that require verifications after accepting a deposit without asking for anything or making big sign-up offers but don't write the full terms from the beginning are not among my favorites. It seems designed to trap you into putting your money in (this is always in the casino's interest) and being unable to withdraw it. Why would a casino do this and be considered tricky or sketchy?
As for anonymity, unfortunately for us who loved it, the days when we didn't need to do any kind of verification were long gone. Cry

Oluwa-btc

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat?
Thank you.

On this very thought I think there's absolutely no casino without KYC requirements and if in cause of signing in,it wasn't mentioned then definitely when you want to make withdrawals and all that it'll actually pop out that KYC verification needed,so therefore there's actually a KYC casino and don't get it twisted or believe from anyone that it's not compulsory ,it's a necessity.The issue there is most casino are using some mischievous methods to lure users make use of the casino and at the end of it, you'll be told to do the verification.

Alphakilo

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Quote from: Lida93 on October 25, 2024, 06:36:08 PM

I think people just misinterpret that the inattentiveness from any casino on them yet about passing kyc to mean that the casino doesn't require it. But just win huge money or raise some suspicious financial behaviour, and see for yourself what their next line of action might be.

This is why we have many scam accusations from one casino user against their casinos when in fact they the users are the ones who are at fault. I usually read something like, this casino with held my winnings and are asking for KYC.

Casinos should make their terms of service the first thing users read either when they click on sign up or as soon as they sign up. It may have a little effect but still should help.

Sarah Azhari

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

We must be wise person to respond to it.

When we prepare to gamble, we have to think immediately to send the KYC even the KYC is not required. We don't have to create assumption the casino is not required even they told they were 100% non KYC, because if something happens, as an example the government where they operate the casino change the Constitution, and obligate all member to required KYC, then the member should proof it. they will lose access, and of course will also lost they fund on that casino. So, we must be aware of the responsibility to maintaining our integrity on the casino.

SmartGold01

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Quote from: Samlucky O on November 01, 2024, 12:24:17 AM

Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

Casino that don't ask of kyc does not necessarily mean they are non kyc. I just think the casino just left it like that so that many people can sign-up easily because requesting kyc opon registration to some people may reduce their chances of registration and the casino in turn lose some customers. So I believe what you said, I could be that they left it should incase they smell rats then they can request for it. Even if there are non kyc casino, it could only be few.

That is why it is a very important to always read terms of service before sign up casino since most of them are hidden in their terms and conditions, because even as they said they are none kyc casino as a gambler you should be prepared about casino requesting for your documents.
I think the reason why most casino request for kyc is for the safety of their site and also AML, and I don't think casino would entirely eliminate kyc from their sites.

Cityhunter34

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Quote from: Samlucky O on November 01, 2024, 12:24:17 AM

Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

Casino that don't ask of kyc does not necessarily mean they are non kyc. I just think the casino just left it like that so that many people can sign-up easily because requesting kyc opon registration to some people may reduce their chances of registration and the casino in turn lose some customers. So I believe what you said, I could be that they left it should incase they smell rats then they can request for it. Even if there are non kyc casino, it could only be few.

Well I think you're right. of course that is the real truth about it because any online casino that put KYC as mandatory in their platform would going to end up losing customers, while because there are alot of online casinos out their that is looking for customers to come and sign-up in their platform without any KYC. However, on like before almost all the online casinos used to put KYC as mandatory due to the fact that they were few then so wether you like it or not you most do their KYC.

Samlucky O

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

Casino that don't ask of kyc does not necessarily mean they are non kyc. I just think the casino just left it like that so that many people can sign-up easily because requesting kyc opon registration to some people may reduce their chances of registration and the casino in turn lose some customers. So I believe what you said, I could be that they left it should incase they smell rats then they can request for it. Even if there are non kyc casino, it could only be few.

LUCKMCFLY

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Quote from: ethereumhunter on October 27, 2024, 06:08:20 AM

Usually, casino will request them to do KYC before they continue the withdrawal process as they want to check everything before they send the money.

And that is the biggest mistake, a casino that requires KYC must do so at the time of Deportation and until the KYC is passed , no deposit can be made.

It is a fact that things are like this, but I think that in the future we will not be able to implement KYC as everything goes, because people do not like being followed, to see what they do and what they do not, currently technology has been in charge of providing more tools to be a little more anonymous, the younger generations already know how to put anonymity Protocols on their Actions on a PC , due to Online games or something they do so that they do not get Hacked and without shame learn about networks and security, that is something that is very useful, then they will not want to reveal their identity, that is something that is being Implemented for now , but I am sure that many will Skip those regulations.

ethereumhunter

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Quote from: adultcrypto on October 26, 2024, 06:54:08 PM

I have seen some Telegram casinos that are truly non-KYC because KYC are not required to use them neither was it mentioned in their TOS as a requirement to use their platform or something that will required at some point of using the platform. Apart from these Telegram casinos, I have not seen other forms of casino that does not require KYC and even if I see one, I will not have much confidence that they do not ask for KYC when, I know they will ask should I have big winning. I prefer completing KYC before being able to deposit.

Maybe you can still playing gambling comfortably in Telegram without doing KYC but in the future, the casino can ask you to do KYC easily. It is a matter about time when the government will request the casino to do KYC for their members. You can ask to the gamblers who won big in that casino about doing KYC when they want to withdraw the money. Usually, casino will request them to do KYC before they continue the withdrawal process as they want to check everything before they send the money. So it is our concern to aware about that and prepare if that time comes.

Findingnemo

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No KYC doesn't necessarily mean they will never ask for KYC, if they have any suspicion that the funds deposited may involved something illicit or found its related to any scam that's reported to authorities then as standard AML the first step is to ask for KYC details. I have no problem with submitting the KYC to where I play but I don't really interested in every casino that I came across so choose your casino wisely and when you do then be prepared for anything they might ask in the future ever.

adultcrypto

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

I have seen some Telegram casinos that are truly non-KYC because KYC are not required to use them neither was it mentioned in their TOS as a requirement to use their platform or something that will required at some point of using the platform. Apart from these Telegram casinos, I have not seen other forms of casino that does not require KYC and even if I see one, I will not have much confidence that they do not ask for KYC when, I know they will ask should I have big winning. I prefer completing KYC before being able to deposit.

mirakal

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

Though there are still casinos that are not requiring strict KYC but most likely they are those weaker and non-licensed casinos, so they won't care about KYC at all. Compared to those legit and highly reputable casinos, they will make it clear from the start that KYC is well implemented, not abiding on it won't never give you the chance to play on their site. So if you wonder if there are actually purely non-KYC casinos these days, yes there may be but when it comes to cashout and withdrawals, they won't be able to give you the convenient and fast transactions that you will most likely experience in KYC casinos.

Miles2006

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Casino requiring KYC after smelling something fishy is normal and it’s best because there must be a reason why non KYC casino will require KYC after a long period of time. Casinos nowadays will always demand for KYC why else because as time goes gambling rate keeps increasing and probably some activities can be carried out while gambling. The issue with casinos demanding KYC after registration sounds strange like I said they know their reason, it’s better gamblers get to see the requirements first before deciding if registering is okay but in a situation where by the terms and conditions are not stated gamblers do grow annoyed and it’s so bad losing customers, this is my observation regarding KYC casino.

LDL

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

KYC mainly focuses on the legitimacy of a casino especially KYC is considered mandatory in all casinos that have a casino license. Identity verification is usually required to prevent KYC from engaging in fraudulent activity on an account. In these cases of money laundering, withdrawal of large amount, users must be asked to verify their account. Of course the casino's T&Cs are all covered when creating an account.

dunfida

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

Everything could really be seen into their terms and conditions about on how they would really be gonna handling out their KYC procedures. Always assume that most casinos running nowadays are already
that regulated on which this isnt really that shocking anymore because government would really be trying out their very best on trying out to regulate these businesses knowing that tax generation is something
that would really be significant because of the potential earning on where these businesses are really that generating into. One of the most important thing to consider on choosing up a casino is that
into those current reputable and known ones into this market. They might be asking for some KYC verification specially on hitting up something big but you could really be able to assure that you would really be able to get
those winnings on which i dont really see any issues with this as long you do make yourself that been dealing into those legit platforms or casinos that we do have today.

Huppercase

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

It's even difficult these days to see a casino that doesn't request for KYC, it's really hard unless just want to give room specifically for people that don't want to do KYC and preserve their privacy for obvious reasons. It is really difficult to see a casino that is not kyc, most of the casinos that we have today are strictly casino where kyc are compulsory before you make deposits and where you may not be allow to deposit unless your kyc verification if completed.

The casinos that are kyc but wouldn't request until you want to withdraw looks like a thief to me. They make people register on casino site but wouldn't make it mandatory to deposit, they allow money to enter but as soon as you want to withdraw, they give you excuses of verification and when you are done, they tell you to go wager atleast one game before you withdraw and that's because they know very well that in thag process, you can lode your money to them.

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I believe that there's no permanent non-KYC. It's most likely that you would be playing with casinos that can let you play even without that. I think it's important that if they ask you to, you need to comply. It's probably because they reserve the right to ask for it unless the casino is illegal or something. It is plausible to see their ToS if they have this kind of thing.

There should be a balance between privacy and security of online gambling.

Fortify

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Quote from: Davidvictorson on October 25, 2024, 04:32:08 PM

Are there really no KYC casinos? Or do people confuse casinos that don't make KYC mandatory upon sign as non KYC when in fact when you read their Terms of service, there is a section that mentions that they can randomly ask for identification if they smell rat? I also think that unless it is stated clearly that non-KYC, don't assume it is. I am not for or against KYC or non-KYC casinos, it is just a curious question that I want to be discussed and get the opinions of others.
Thank you.

The thing is - you might be able to find casinos that do not require identity verification, but they are probably not casinos that you want to store a lot of money in. In order to avoid KYC requirements, they would most likely have to be hosted in some pretty shady jurisdictions, which would coincidentally make it much easier for them to disappear with vast amounts of customer money if that is what they decided to do. Besides that, you'll find that several casinos have imploded in the past when their owners have been extradited because they thought they were clever and did things like taking deposits from US customers - their financial regulators have pretty extensive reach to shut down these sorts of things and use it very effectively. It's a matter of safety for your casino balance.

Topic: Some Random Thoughts on KYC and Non-KYC (Read 635 times)