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Topic: The fear of KYC requirements - page 5. (Read 464 times)

legendary
Activity: 2884
Merit: 1258
March 12, 2023, 02:34:45 PM
#13
KYC requirements getting normal in crypto casinos.  Since the regulation and license is require for a casino to operate, they need to follow the law and KYC requirement is one of them.  There might be some casinos that does not require KYC for small time gamblers but once a player gambles huge amount of money, they are require KYC to continue.

KYC verification is unavoidable in due time, so I think we should accept the fact that if we want to gamble in a licensed casino we have to undergo KYC verification else, if you have fear of KYC better stop gambling at all, or look for a decentralized casino or worst for an illegally operating casino.  But of course, the latter is the worst choice.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
March 12, 2023, 02:15:03 PM
#12
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.  
Few days ago I was suggesting betnomi to do something similar. It was about proof of funds.

The casino's wants to keep it in their terms page so that clients do not see something scary in front of them before depositing money. Imagine if a casino is doing it, I believe the deposit ratio will drop dramatically.
sr. member
Activity: 350
Merit: 255
Lohamor Family
March 12, 2023, 01:42:16 PM
#11
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.   
A casino that has it's license will ask customers of KYC because they have a monitor body that monitor their activities. Also it is better that I know this casino does KYC than,you say that no KYC and when I have won big,the casino starts asking for KYC,I will just leave my win because they are not transparent enough for me to deal with. I don't see the KYC thing as something terrible because when am having fun with gambling and I win big,I will love to  withdraw my win easily without a delay or problem.
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
March 12, 2023, 01:21:10 PM
#10
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.   

you have to wonder why exchanges ask for KYC even though they are cryptocurrency exchanges. the principle is the same: they are government rules to combat money laundering. casinos handle money from customers, they handle license and the license provider in their TOS probably requires the casino to ask KYC to their customers, of course crypto casinos don't ask all customers to do KYC when they create an account, they ask for KYC when they detect some suspicious activity, at least that's acceptable, although I hate KYC I did KYC at the casino I like and trust, I'm talking about my signature casino

Of course, I only use one casino, and the reason is simple: I don't want to KYC 2, 3, 4 or dozens of casinos. The problem with KYC is that you like bonuses and want to use many casinos, you will be obliged to deliver documents in many casinos and this makes you very exposed. I don't understand how these guys who created KYC didn't create rules that helped people, all they did was put people in danger, when a person gives his address to the casino, that person can start not to sleep well, a criminal can have access to data and go to that person's house to harm him
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
March 12, 2023, 01:10:41 PM
#9
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.   
You can see lots of them but everything will be scam cause for a gambling operator which is under q regulatory body should follow all the guidelines to operate their website so it's not in their hands since it is created by the governments and online casinos are also a part of this centralized system has no other choice.

KYC is not really affecting a common user so the casinos with mandatory KYC even have huge wagering and betting amounts.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
March 12, 2023, 01:05:49 PM
#8
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.   

This is all about the casino license like Curacao which typically requires casino to have a KYC with their customers as part of Anti Money Laundering policy since many criminals use casino to mixed money. Only casino that is decentralized or doesn’t have e-gaming license offer a no KYC requirements boldly because they doesn’t have any regulators that watching them.

Don’t blame casino for the casino because it’s part of the legal process to operate freely without violating any law in most of the country which there consumer are playing.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
March 12, 2023, 01:04:10 PM
#7

they could entice users to it. even the players who just bet below $50 are not risking their documents to casinos. withdrawing a thousand is enough to keep them stay. but is the gaming regulation allowing this?
legendary
Activity: 2128
Merit: 1775
March 12, 2023, 12:58:17 PM
#6
Some people visit online casinos, just for fun and as entertainment for them, there are also those who really are addicted solely to earn and hope to win.

For various reasons, the majority of users think that KYC requirements are not needed, because it is not only for entertainment that they have to share their original identities, some gamblers don't want to share that, For various reasons, the majority of users think that KYC requirements are not needed, because it is not only for entertainment that they have to share their original identities, some gamblers don't want to share that.

There are many other reasons, which make gambling bettors reluctant to KYC, they are afraid they will not pass and become a serious obstacle for them regarding finances, with how many reasons are logic and experience.

If the casino displays that the user must have KYC at the initial registration/login, I think very few users will want to visit the casino, even when large withdrawals, kyc is required.
hero member
Activity: 2086
Merit: 603
March 12, 2023, 12:55:36 PM
#5
Frankly it is an issue if you consider it as an issue. In long run KYC verification is important as you grow your account. Imagine a situation where you have ton of money in it and suddenly there is site crash or let’s say there is hack or something and your money is lost. You can always claim back your funds by show casing validity of your account. Because in above mentioned events things could go south to north quickly and they might start investigating about it. Since you will have your verification done you can prove your identity or in some extreme cases you will be able to file law suit against the casino if they deny the refunds or lost assets. If you don’t wanna get verified then decentralised casinos are there but who knows the validity of same?
legendary
Activity: 3626
Merit: 4440
March 12, 2023, 12:41:51 PM
#4
It may depend on their license as to whether they are even allowed to display that message. Casinos with a fake license or no license may display that message to try to get users to deposit and then KYC any wd to keep the funds.

To me KYC is bullshit honestly. We make our crypto however we make it. We should be able to spend it however we want.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
March 12, 2023, 12:31:32 PM
#3
They will be accused of lying when they actually are asking KYC even when you just withdraw $****.  Casino's reputation will be at risk, you know how reputation can be tainted easily nowadays.

Almost all casinos today ask for KYC. If not they will ask for Phone authentication. I did try withdrawing just $70 worth of TRX from one casino recently and it's allowing me to do it but I have to confirm and enable my phone authentication which I'm also not willing since this is just a casino.
sr. member
Activity: 1372
Merit: 269
★Bitvest.io★ Play Plinko or Invest!
March 12, 2023, 12:25:05 PM
#2
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.   

As far as I know, there are casinos here in crypto gambling that announce that they do not have KYC for their future players on their gambling website platform, but when a withdrawal of a large amount comes, other casinos suddenly break or destroy what they first announced, that's why gambler is suddenly making accusations against the casino platform.

     But there are other casinos that immediately say that you need to submit a kyc, which for me is okay because at least they are transparent and don't hide anything from their future clients. And in this style of casino it has a good impact at least I think.
sr. member
Activity: 882
Merit: 274
March 12, 2023, 12:16:10 PM
#1
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.   
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