Some Random Thoughts on KYC and Non-KYC - page 4.

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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.

Gamdom.com is one of the few casinos that have never mentioned KYC to me. They have a verification page, but I have never seen anyone complain they got asked for proof of funds, proof of address, proof of anything. Not saying they will never KYC anyone but for now I don't think they do.

There may or may not be anymore casinos out there that don't ask for KYC, but off the top of my head I cannot think of any. Most that do ask for KYC do not ask upon signing up.

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Each casino certainly has its own TOS, but most casinos will ask for KYC verification if you indicate fraud on our account, and large withdrawals, and for KYC and non-KYC casinos there is no need to debate if you play honestly your account will be safe, no need to worry.

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With off-chain casinos, it's impossible to find one that doesn't make use of KYC. Most casinos already transitioned to some form of KYC and those who haven't will make the switch at some point.

Others who continue to view certain casinos as non KYC probably overlooked that common KYC part from the casino's t&c.

Maybe those who mentioned it could be pre-existing casino users, I could imagine them taking it lightly since they got away with no KYC after signing up.

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For any casino that has operational licence from the reputable recognized body can't be said to be a no kyc casino even if they don't necessarily demand for it on your registration with them, still that doesn't mean in the near future something wouldn't prompt it. You can be working with a license and claim to be a non-kyc, that's fraud and an act of deception on the part of your users.

This days I think only none licensed casino can be said to be operating as a non-kyc casino but owing to the risk involved in using such "dark" casinos you may wanna go for those that are licensed with kyced-requirement.

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.

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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.

Generally speaking, KYC requirement is always an obligation from the activity licence issuer. And as user always look for the safe option, centralized casinos having licences are the best option.
It will always be better to deal with platforms that have an approved activity license than to use unknown platforms under the pretext of maintaining privacy. It is an illusion to think about privacy while using any central platform, especially since there are no alternative options. Furthermore, If any problems occur with the platform, the license can be withdrawn from it, and this is what any platform will avoid, and therefore it will avoid any problems with users in order to preserve its reputation.

I said "generally speaking" because we can discuss in another topic why/how authorities forces gambling companies to force KYC verification procedures to all active users. It's a delicate topic that may goes beyond what we are theorically talking about.

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

Are there really no KYC casinos?

The number of no KYC casinos must have greatly reduced to the extent that their existence is no longer popular because if they are known, they must respond to AML regulations to operate that require casinos to prevent people from using their platforms for crimes. The decision for a casino to have KYC documentation from the beginning at registration in their platform or at the point of withdrawal is still a managerial decision. The reluctance to obtain KYC information from the beginning does not mean that the casino is not interested in it, like a non KYC casino, it can just be their way to attract new gamblers and keep them.

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

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Huh, there are people who think that way? Pretty sure anything that asks for KYC at any point in time is a KYC casino no matter what. I guess if the information they ask varies then maybe, but as long as it touches anything that requires submission of valid documents then it's KYC.

In the first place non-KYC just means something like plug and play. Deposit money and start playing! Easy and simple. Withdrawing it can be another thing altogether though Wink

. Non-KYC casinos aren't really regulated or anything so trusting it would be something you just based on the casino itself and not any ruling body.

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Yes... Look it up for yourself! Everything isn't necessarily a discussion. We've been talking about KYC verification, process, acceptance blablabla...in way too many topics.
There are instant casinos that don't require KYC or any sort of verification process, but how do you get identified by the casinos themselves? That's why there are called INSTANT CASINOS.

That being said, why should anyone see the need of depositing funds in a casino that isn't KYC-oriented? Do y'all know the dangers in doing that? First of all, these set of casinos aren't registered under any agencies hence, do not have any sort of license. That's more like playing mind games with your money, Unless you're just looking for ways to waste them.

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Or maybe put it this way, there are no more casinos that are KYC free, every one of them are going to ask for KYC because it is already mandated by "regulatory" body. Maybe there could be threshold on some, but still, you are not in control here.

Maybe one day you will be asked to submit for reasons only known to this casino, i.e. maybe they suspect you that you are "cheating", or the source of your funds as per their fraud department as someone tainted. So there are a lot of reasons to suddenly required you to send them your personal information.

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Any casino that said they can ask for KYC verification document is a KYC casino and not none KYC; anyone regarding it as NONKYC casino is just deceiving himself or herself.

I don't even think if there is any popular NONKYC casino that's active, even the web 3 casinos that come out with being non-kyc; most of them are already demanding KYC when necessary.

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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.

Topic: Some Random Thoughts on KYC and Non-KYC - page 4. (Read 635 times)