The fear of KYC requirements | Bitcointalksearch.org

Fatunad

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Quote from: 348Judah on March 14, 2023, 09:35:35 AM

What one can advise here is to stay off the KYC casinos if you think you're very conscious of your private life or choose them if you don't mind having the influence of any third party priority override your access to your profile or funds you have on their casinos, but what keeps getting me annoyed is why have only fewer gamblers who understands the need for them to go for their privacy while others ever mind at all.

It actually falls down on someones acceptance and just like you do said that there are people who are really that mindful about their private things but there are ones who dont really care at all.
Its true that there's something that you should be afraid off if you arent really tending to hide something or dont worry about things because you have done nothing.If you are someone who does
really have lots of issues and past problems which would really be attached on legal things then you would really be that seeing these KYC would really be a dangerous thing for you.
This is why we do have several options and places which we could choose from.

NeuroticFish

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Quote from: livingfree on March 14, 2023, 03:35:43 PM

Not all casinos are like that, the ones that have a great reputation don't just attract players and make crazy promises. They're truthful to their rules and words and that's why they're being swarmed by customers for being like that.

Aside from that, everybody likes promos and that's another reason for customers to flocked in.

Indeed, the casinos with good reputation don't make crazy promises, but still have good enough promotions and that combination does the job.

About promos... there's an ugly catch (or more).
[1] Free money tends to need gambled more before getting withdrawn (and some don't read the rules and blame the casinos).
[2] Free money also attracts scammers who try to trick this and that in order to withdraw that free money (and when caught and banned they blame the casino).
For a new casino it's sometimes hard to tell whether they are in trouble (or scamming) or just watch their back and those claiming they've got scammed are from categories [1] or [2].

This being said, reputation is hard to earn and maintain, but a player/customer has to learn how to "read" all the calls of being scammed.

And of course, there's KYC. Some will display KYC requirements and will only ask for that in case of big money or something fishy. Others will hide behind KYC requirements in order to simply don't pay the winnings, where possible. KYC is in theory required by the law. In reality, since all stays in the crypto world, imho the KYC requirements are not needed, or, as yahoo said, they're bullshit.

livingfree

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Quote from: Reatim on March 14, 2023, 03:53:05 AM

Quote from: Crypt0Gore on March 12, 2023, 12:16:10 PM

Have you ever seen a online casino website that displays, No kYC requirements or KYC requirement for **** amount of withdrawal before? And why won't any online casinos do something like this? I believe this is suppose to boost users and players confidence when they are about to try out new gambling platforms for the first time.

there are some casino mate that has no policy about KYC , i just forgot which are which but there are some that does not implement KYC at all mate.

Many of them actually.

They have limits and it can be seen based on the level of your account and when you reached that limit, you'll have to verify your account through providing kyc.

Quote from: Reatim on March 14, 2023, 03:53:05 AM

gambling site is a business , and of course they will do everything just to lure people so even if they promise or not? it is our obligation to find one legit and will allow us to play and trust .

Not all casinos are like that, the ones that have a great reputation don't just attract players and make crazy promises. They're truthful to their rules and words and that's why they're being swarmed by customers for being like that.

Aside from that, everybody likes promos and that's another reason for customers to flocked in.

tjtonmoy

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Let's just say for an example. You get some money from a stranger. He lets you have it and ask you to grow that by doing some business and as said, you do make some profit where that stranger holds some % of your profit too. That was the deal. So, without knowing who it is and how they look like, are you going to give him the share of your profit?
Let's just say that you did give him that profit's share. What if some other guy came again and say the same thing in order to get that money. What will be the situation?
I think they do it in order to keep them safe and you too. I hate KYC, but in the long run you will understand the necessity of it.
So it is good to have it and that's why you need to choose a reputable platform which can ensure your data is safe.

Jawhead999

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Did you mean KYC requirement is bad for the gambler? why then you're promoting a casino which also have a KYC rule in the first place? you're supporting a KYC casino!

I'm not against of KYC casino because they need to follow the regulation, the reason why they're have a KYC rule because they're licensed and using a strict gambling provider. Fortunately Freebitco.in is currently the most trusted no KYC casino in this forum, so if you fear about KYC requirement you can gamble on this casino.

348Judah

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What one can advise here is to stay off the KYC casinos if you think you're very conscious of your private life or choose them if you don't mind having the influence of any third party priority override your access to your profile or funds you have on their casinos, but what keeps getting me annoyed is why have only fewer gamblers who understands the need for them to go for their privacy while others ever mind at all.

Mr.right85

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Quote from: TopTort777 on March 14, 2023, 08:44:02 AM

Also not a single person here barely talks about the kind of KYC they fear to pass. Verifying a mobile number is much different from sending two sides of ID and a picture of holding it. I would not mind to pass mobile phone verification, as usually it is asked to do only once, and there are different options how to do it (use own mobile, get an SMS code via online sim services, buy additional sim. I can do it in my country almost in every cigarette shop without deanonymization (but in Russia for example, you need to give your passport to buy a sim card (or buy a shady sim, that will live for X days only)).

I would not do complete KYC, I would not get involved into buying someone else docs just to pass KYC, but mobile phone verification is ok with me.

Mobile phone verification is okay with just anyone. Besides, we've got throw away numbers and you could as well get some of this virtual numbers for the purpose. That's why, it comes with less reliability and casinos, sportsbookies and many platforms out there don't really rely on the way. In fact, they see it as another means for an ensure your not a robot test.
When it comes to document verification, that's a whole lot of a different story as, you could have just one of those all through life and having it presented in any propaganda could be damaging to an individual's image in his locality and the world at large. Hence, it calls for great Carr and trust before enrolling in any platform.

TopTort777

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Quote from: Pierre 2 on March 14, 2023, 06:21:17 AM

Quote from: TopTort777 on March 14, 2023, 05:43:48 AM

Will the fear of KYC disappear if a person wins a jackpot and would be obliged to pass KYC? What do you think, is there a parallel between fear and the amount won? As long as a person wins 10 bucks, he laughs at casinos request to pass KYC, skip it and move to other casino. But what if a person wins a million? 100% the casino would ask for KYC. Will you agree to pass KYC if you win a million? I believe that casinos must ask for a KYC if a person wins big, because they need to report that to authorities, to prevent from accusation of a money laundering.

Good catch there. Most gamblers don't mind if they win low amount of money. They see it as source money to keep on gambling. Most gamblers are very hard to satisfy with wins as well. I believe they don't care about KYC check because amount they keep gambling (winning or losing, doesn't matter) stays in similar levels. But noone, literally noone in the world would mind completing kyc after they learn they win million dollars at once.

Also not a single person here barely talks about the kind of KYC they fear to pass. Verifying a mobile number is much different from sending two sides of ID and a picture of holding it. I would not mind to pass mobile phone verification, as usually it is asked to do only once, and there are different options how to do it (use own mobile, get an SMS code via online sim services, buy additional sim. I can do it in my country almost in every cigarette shop without deanonymization (but in Russia for example, you need to give your passport to buy a sim card (or buy a shady sim, that will live for X days only)).

I would not do complete KYC, I would not get involved into buying someone else docs just to pass KYC, but mobile phone verification is ok with me.

Pierre 2

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Quote from: TopTort777 on March 14, 2023, 05:43:48 AM

Will the fear of KYC disappear if a person wins a jackpot and would be obliged to pass KYC? What do you think, is there a parallel between fear and the amount won? As long as a person wins 10 bucks, he laughs at casinos request to pass KYC, skip it and move to other casino. But what if a person wins a million? 100% the casino would ask for KYC. Will you agree to pass KYC if you win a million? I believe that casinos must ask for a KYC if a person wins big, because they need to report that to authorities, to prevent from accusation of a money laundering.

Good catch there. Most gamblers don't mind if they win low amount of money. They see it as source money to keep on gambling. Most gamblers are very hard to satisfy with wins as well. I believe they don't care about KYC check because amount they keep gambling (winning or losing, doesn't matter) stays in similar levels. But noone, literally noone in the world would mind completing kyc after they learn they win million dollars at once.

TopTort777

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Will the fear of KYC disappear if a person wins a jackpot and would be obliged to pass KYC? What do you think, is there a parallel between fear and the amount won? As long as a person wins 10 bucks, he laughs at casinos request to pass KYC, skip it and move to other casino. But what if a person wins a million? 100% the casino would ask for KYC. Will you agree to pass KYC if you win a million? I believe that casinos must ask for a KYC if a person wins big, because they need to report that to authorities, to prevent from accusation of a money laundering.

Getmon

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Online casinos must follow the law in order to obtain a license to operate and in order to be considered legitimate. But it is a dream of every online casino to make it easier for their customers. Sadly, however, not all of them are able to put it into action. With some restrictions, some online casinos can serve customers without requiring KYC. However, withdrawing a large sum of money will undoubtedly necessitate a KYC at an online casino or risk its license to get revoked. KYC is becoming increasingly common, not just in online casinos, due to illegal money laundering from drug trafficking, terrorist financing, and other illegal businesses.

Mauser

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Quote from: Crypt0Gore on March 12, 2023, 12:16:10 PM

Have you ever seen a online casino website that displays, No kYC requirements or KYC requirement for **** amount of withdrawal before? And why won't any online casinos do something like this? I believe this is suppose to boost users and players confidence when they are about to try out new gambling platforms for the first time.

I believe this is still affecting online gambling platforms because this is one of the most common issues that online gamblers are still facing.

I am not sure if this is still the case, but in the past it was definitely common for many online casinos to only require KYC for large withdrawals. Which was a good compromise in my opinion for all the people who don't like KYC, they can stick to small size gambling and only will be forced into KYC once they make it their main casino and add a larger balance. In the past I never had a problem with KYC as long as the casino keeps my personal data private. In my country I always have to show my ID when visiting a physical casino because I look so young, which is kind of annoying but I got used to it over the years. If KYC adds another layer of security for the gambler than I don't see a big problem with it.

Reatim

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Quote from: Crypt0Gore on March 12, 2023, 12:16:10 PM

Have you ever seen a online casino website that displays, No kYC requirements or KYC requirement for **** amount of withdrawal before? And why won't any online casinos do something like this? I believe this is suppose to boost users and players confidence when they are about to try out new gambling platforms for the first time.

there are some casino mate that has no policy about KYC , i just forgot which are which but there are some that does not implement KYC at all mate.

Quote

I believe this is still affecting online gambling platforms because this is one of the most common issues that online gamblers are still facing.

gambling site is a business , and of course they will do everything just to lure people so even if they promise or not? it is our obligation to find one legit and will allow us to play and trust .

Daltonik

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Quote from: Crypt0Gore on March 12, 2023, 12:16:10 PM

Have you ever seen a online casino website that displays, No kYC requirements or KYC requirement for **** amount of withdrawal before? And why won't any online casinos do something like this? I believe this is suppose to boost users and players confidence when they are about to try out new gambling platforms for the first time.

I believe this is still affecting online gambling platforms because this is one of the most common issues that online gamblers are still facing.

Well, first of all, on the contrary, the absence of mandatory KYC should alert the user and force him to conduct additional research on a platform that does not require KYC, although of course there is a gambling platform that has such a requirement.
Of course, the presence of mandatory KYC scares users, but on the other hand, it allows online casinos to meet the requirements for obtaining a license, no gambling institution will receive a license if it does not have a user verification requirement.

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Quote from: Rabi3 on March 13, 2023, 07:58:47 PM

Quote from: yahoo62278 on March 12, 2023, 12:41:51 PM

To me KYC is bullshit honestly. We make our crypto however we make it. We should be able to spend it however we want.

that was the whole point of crypto, it was supposed to make us anonymous, without any info provided, but things are getting different now and everything in crypto is slowly getting KYC'D, Casinos online with crypto should not require KYC, it should be as simple as that, but governments are controlling crypto very subtle and slowly

With the current popularity of crypto, the government is trying to control it because they don't seem to like crypto being one of the choices for people to make payments.
And they started controlling the service provider to people by asking them to KYC their users.
Even though we as crypto users, don't agree with it, we have to obey the rules and it looks like in the future, KYC will become a must for users who want to use crypto.
So we shouldn't be surprised by third party requests for users to ask them to do KYC.

Rabi3

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Quote from: yahoo62278 on March 12, 2023, 12:41:51 PM

To me KYC is bullshit honestly. We make our crypto however we make it. We should be able to spend it however we want.

that was the whole point of crypto, it was supposed to make us anonymous, without any info provided, but things are getting different now and everything in crypto is slowly getting KYC'D, Casinos online with crypto should not require KYC, it should be as simple as that, but governments are controlling crypto very subtle and slowly

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Quote from: BitcoinPanther on March 13, 2023, 01:54:31 PM

After all we are not forced to play in their platform but rather we are the one who wanted to.

As centralization is now slowly hitting other crypto-related services such as gambling, we can expect that KYC might be a necessary thing now in the future.

I really don't mind that stuff as long as I'm complying with it in a reputable casino and I'm really active doing it.

Outside crypto, I also currently playing with fiat online casinos and KYC is a usual thing there. I just become used to it that's why it's not a big deal for me.

Mahanton

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Quote from: AmoreJaz on March 13, 2023, 05:29:36 PM

Quote from: blockman on March 13, 2023, 04:56:04 PM

I have tried to deposit into a known casino from the forum (not stake) and then tried to withdraw after playing there a few times. They're strict with their ruling and required me to do a KYC. I do get the reason why they're doing that and it just caught me by surprised because that's not what they intend to market and advertisement. It was really a different experience for me but I have to comply so that I can withdraw my money after the compliance, they allowed my cashout but I have never used them again because of that experience that I got from them. That's why those casinos that are truthful to their promises about being nonkyc as long as the withdrawals aren't that much and you've got no red flag from the casino's system upon withdrawal, that's what most casinos should try to copy.

and the problem is, they already have your docs even if you are not playing anymore on them. this is why, it is really important to choose which casinos or bookies we need to play, so we can limit our exposure of kyc docs. check also their ToS or license. if they have no license, wonder why they will be asking kyc from customers? also, don't forget to read their ToS regarding KYC reqmts, because if they state that they will require kyc at any time they deem necessary, then, expect that they will do require such docs.

Most of platforms now share up with the same terms and conditions with some slight changes of their own.If you are really in doubt on submitting id's or verification on different places then it would really be that ideal
or recommendable for you to stick into one place which you do seem the best of the best of your choice, but of course there are instances or moments which you do see or look interesting and this is why
you do tend to test out something and if ever it do ask out for some kyc then you would definitely be complying it because you are really that eager to play.

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Quote from: blockman on March 13, 2023, 04:56:04 PM

I have tried to deposit into a known casino from the forum (not stake) and then tried to withdraw after playing there a few times. They're strict with their ruling and required me to do a KYC. I do get the reason why they're doing that and it just caught me by surprised because that's not what they intend to market and advertisement. It was really a different experience for me but I have to comply so that I can withdraw my money after the compliance, they allowed my cashout but I have never used them again because of that experience that I got from them. That's why those casinos that are truthful to their promises about being nonkyc as long as the withdrawals aren't that much and you've got no red flag from the casino's system upon withdrawal, that's what most casinos should try to copy.

and the problem is, they already have your docs even if you are not playing anymore on them. this is why, it is really important to choose which casinos or bookies we need to play, so we can limit our exposure of kyc docs. check also their ToS or license. if they have no license, wonder why they will be asking kyc from customers? also, don't forget to read their ToS regarding KYC reqmts, because if they state that they will require kyc at any time they deem necessary, then, expect that they will do require such docs.

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I have tried to deposit into a known casino from the forum (not stake) and then tried to withdraw after playing there a few times. They're strict with their ruling and required me to do a KYC. I do get the reason why they're doing that and it just caught me by surprised because that's not what they intend to market and advertisement. It was really a different experience for me but I have to comply so that I can withdraw my money after the compliance, they allowed my cashout but I have never used them again because of that experience that I got from them. That's why those casinos that are truthful to their promises about being nonkyc as long as the withdrawals aren't that much and you've got no red flag from the casino's system upon withdrawal, that's what most casinos should try to copy.

Topic: The fear of KYC requirements (Read 464 times)