Players, especially new players, need to realize that just because you are playing on a crypto casino doesn't mean you reserve the right to remain anonymous.
Crypto casinos as any other type of casinos or online business have to comply with regulations.
If the casino is regulated and licensed, then it doesn't matter if it's a crypto casino or not, all the players need to realize that they may need to verify their identity at some point.
Topic: Unpopular opinion about crypto gambling - page 2. (Read 1053 times)
I don't think it's unpopular opinion in this section, most people are discuss about KYC concern in casinos, but they're forget if they're gamble on licensed casino which is a KYC casino lol. I always giving advice to not gamble on KYC casino because we don't know what behind of the casinos and what if they're sold our KYC to rich people or scammer. I think as long as they're don't have any problem, they're don't care until it's already to late.
Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?
What's the use of using crypto to gamble on a KYC requestion platform ? One of the reasons for gambling with your crypto would be privacy. If I need to send them my ID and house bills that becomes pretty redundant.
Also crypto can appreciate in time and future profits are also lost.
Might as well gamble fiat if KYC is involved
I guess when your bankroll is huge (maybe over $10k or $100k?! Or even higher?!) you want some protection and you are ready for KYC or anything else that can/will help you if some problem appears!
What are you talking about ? KYC protects the platform and is required by legislators in most cases. What does the regular joe benefit from that ?
When it comes to us small-time gamblers avoiding KYC is probably some kind of rebellion, between everything else, we can pass it but the question is why do we need it? We like crypto because of the freedom it gives us... and some of us are not ready to abandon that freedom. Anyway, if you are a fair player you will be treated fair, with KYC or without.
You are contradicting yourself there mate. You either want freedom or kyc ? pick your poison already !
In the end you need to provide your personal information in life for anything that involves huge amount of money.
...
It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.
...
It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.
satoshi would turn is his blockchain grave if he saw your post.
That narrative that if you don't have anything to hide than you should say everything is so overrated. People died or went to prison for life because they believed in free speech and privacy. Don't make all that be in vane.
it is absolutely OK to have a different opinion from what others consider normal concerning a matter, we should all learn to respect that.
You got complacent with the norm awfully fast !
I don't need to change your mind, do i 
If you don't want to change my mind or come with some insight on the matter than why the F did you reply ?
"I just called to say I don't have any opinions. It's up to you. " . WOW !
I won't try to change your mind Xd but i will try explain why. the casino won't get an agreement from any company if they don't do they can have problems, because of money laundering especially with large amounts. If there's no KYC everyone will be able to deposit and withdraw no matter what his source of money came from. That's my opinion. Even i kniw it's bithering especially when you can deposit when as much as you can and then get asked to upload your documents in order to withdraw.
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures
The part with money laundering I get. But again, kyc ONLY HELPS THE PLATFORM ! So they can prove to governing bodies that they did not take part, at least willingly, in any sort of money laundering activity. But for users is't just a p.i.t.a. Fail to see how am I more secure after sending ID copy. sorry.
If they have gaming license, they have no choice but to implement the AML/KYC protocols.
This is why if there is some suspicious amounts getting in, some of them may ask for proof of funds.
I believe, we can't avoid this to happen these days as crypto casinos are getting regulated by the government already.
For most non-licensed, they may not require KYC but for new ones, it is still hard to trust them especially if you have significant amount of money.
Now, it is on your own disposition whether you will play on licensed or non-licensed casinos. It is your own risk you are taking here.
This is why if there is some suspicious amounts getting in, some of them may ask for proof of funds.
I believe, we can't avoid this to happen these days as crypto casinos are getting regulated by the government already.
For most non-licensed, they may not require KYC but for new ones, it is still hard to trust them especially if you have significant amount of money.
Now, it is on your own disposition whether you will play on licensed or non-licensed casinos. It is your own risk you are taking here.
Do you trust Electrum ? Do you trust Wasabi, at least before the update ?
Each of them have started like community projects and slowly gained all the trust they enjoy today. Trust is not something that can be bought with flashy ads or even a seal of approval from the gov. It takes time. Why cut corners ?
Anyway way, I believe it is also stupid to think that holding cryptocurrency enables us to have the special privilege of being exempted from government regulation. 
Than go post on sec.financetalk.org
It because humans are difficult to control and will always want to extort a given system that is why kyc is implemented in gambling and other related Industries still kyc it is been abused by the regulators.
Well I'm not too fond of the control part. Is that wrong ? you yourself admitted that regulators abused their power.
Of course, we don't want to go to KYC procedure because it is against the basic tenent of crypto which is anonymity, but this is now the world we live in, regulators are coming in full force so it's either we adapt to survived or move. And so I guess others will have to follow to be able to stay in the world that we love to move now, which is crypto space.
This is what happens when we let the men in suits take all the decisions. Crypto was invented by the nerds from the shadows.
The planet should be big enough for all of us, suits or privacy seeking nerds.
There are many reasons users do not like KYC. Some users want to be anonymous to avoid things such as taxes. Some other reasons may include underage, gambling illegal in their area, or hacker using stolen funds.
I'm sure there are other legit reasons but none that I can think of.
I do want to make a point about gambling not available in certain areas though. I feel like it's our money, we should be able to use it however the fuck we want. Unfortunately, governents do not agree with that. They want their piece. I think if all sites were able to kyc their customers and send tax documents, then most countries would allow us to gamble.
I'm sure there are other legit reasons but none that I can think of.
I do want to make a point about gambling not available in certain areas though. I feel like it's our money, we should be able to use it however the fuck we want. Unfortunately, governents do not agree with that. They want their piece. I think if all sites were able to kyc their customers and send tax documents, then most countries would allow us to gamble.
So it's less about the protection of gamblers and mostly about the bottom line. What a shock ! Found a few words on the matter on https://casinohipster.com/casino-license-why-important/ so let's break them down:
if you avoid gambling casinos that required KYC I respect your decision because I know you have a valid reason.
I like his way to get his message across, plain and simple with a picture attached to it, going back to the subject, its something that the casino should do so they can retain their license and not be targetted by the regulators
I do like a minimalist approach
Guys relax, the thread is involving sarcasm and to be honest it's already on the thread - it's an unpopular opinion . Just look at the bolded word.
Actually used the phrasing "unpopular opinion" because I knew most of the replies would be from users with casinos in the signature.
Because they don't have any problem if you deposit huge amount and they don't have any problem if you lose all that money. But, their problem starts when you win big amount, they will force you to complete kyc. Because they try their best to see if they can somehow walk away without giving that winning fund to the gambler. So you should deposit in a reputable casino, so that even if you complete kyc at least, your personal information will be safe. As a crypto user myself I try to avoid KYC. But unfortunately it is true that many times I am forced to complete kyc despite my reluctance.
Pretty much agree with you. The same kyc that is supposed to assure that your complaint would be handled correctly are also used to deny your winnings.
asking for KYC details => they get a gambling license => stricter protocol so your date is secure
I know a way to keep my data secure: keep it to myself !
I am not the op but my opinion is we should hate KYC as a bitcoin/crypto lover as the purpose of using bitcoin/crypto is to use it anonymously. But if we use to know your customer then there is no way to use the crypto/bitcoin anonymously. So, I personally dislike it. But you are right we have options too.
Can you name a few of those options ? Or were you referring to kyc and gamble or do not gamble then ?
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.
Let's just agree to disagree ! I'm glad you can sleep better filling kyc forms wherever you click.
"illegal to run a project online which ask people to deposit" sorry but imho that must be the weirdest thing a user named "coin-investor" can say. all I can say is MUCH WOW! SO KYC !
By "compliance" do you mean being licensed? If yes then I have to disagree with you. There are many licensed casinos which turned out to be scams and, at the same time, there are many trusted services which do not have a license. Having a license has its benefits but it has nothing to do with reputation and it doesn't guarantee you won't get scammed, imo.
it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd
+1
using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency.
maybe some fancy the anonymity benefits.
gamblers like there are many gambling sites ? what's your point ?
What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI?
Good morning sunshine !
There are some people abusing the current bonuses, rewards and etc. on the casino and that's why the casino ask for KYC to know that they are not a bot at the same time is they can't create another account to abuse the current rewarding system
I agree but why did that transform into a me problem ?
I don't think it's stupid at all actually, we have to accept the reality of the situation that everyone these days to run a business is going to have to comply with the laws one day. It's just something unavoidable.
What is stupid is gambling at a casino that you know has stolen people's money in the past just using KYC as an excuse.
but its really unnecessary to pas kyc in gambling platform,we use crypto which is decentralized at platform where are alot gamblers want their identity keep secret. In legalizer countries that take tax from casino or gambling platform, they will need customer's data and of course alot gamblers Will reject it. Its a place for money laundry so no one will track their money flow. What is stupid is gambling at a casino that you know has stolen people's money in the past just using KYC as an excuse.
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.
I don't know why any time I play in a gambling which does not require kyc, I will feel that anything can happen to the company or my money. I will feel insecure and will play with small money and little wager in order not to win big. No matter how the company says they don't kyc, you must do kyc if you win big or even the company will run away with your money or victimise you. When they say No kyc, have it at the back of your mind that there's some form of kyc at the end.
I always prefer non-KYC gambling sites, not because I want to stay away from taxation but it's because I always want to live a private life. But when it is necessary, I will submit myself to KYC. I understand that sometimes it is really needed and I am not scared of it since I am not doing something illegal.
Sometimes, we always think about our own privacies. But we also want to live in perfect harmony. But we do know that sometimes authorities need the information to deliver the peace we want and of course, they want to collect their taxes. Money laundering is rampant coming from different illegal activities like drugs, sex trades, kidnappings, robberies, and many more. So I can understand that these crypto gambling sites sometimes need our KYC, especially on big amounts.
Sometimes, we always think about our own privacies. But we also want to live in perfect harmony. But we do know that sometimes authorities need the information to deliver the peace we want and of course, they want to collect their taxes. Money laundering is rampant coming from different illegal activities like drugs, sex trades, kidnappings, robberies, and many more. So I can understand that these crypto gambling sites sometimes need our KYC, especially on big amounts.
I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why? For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryprocurrencies.
If people would really just simply try to look on what they are currently doing which exposing off their personal information then we are already doing it since from the days where we do enrolling or applying on somethingwhich these information would be mainly be asked or needed.If there's something that you do tend to hide then this is where you dont like to make yourself been known but if none, then i dont really be seeing this
to be a big issue but there are really that people who do give out importance about anonymity but well it is really depending on someones preference.Lets just really that mind off
on how convenient to play when you do have different payment options whether using up your cards or simply with crypto.
that we don't need to avoid top casino sites because they only implement KYC to avoid money laundering and other criminal activities that take advantage of gambling sites.
Part of the regulation. Also a part of being a legit casino.
Sometimes if a user got a problem with a gambling site that is not regulated, they are seeking help from the government authorities but how can these authorities even help that user if the casino is not regulated?
With casinos being regulated, real owners are not hidden and these can be tracked in case of anomalies. Not sure though if there's a case before where a regulated crypto casino is being penalized by regulators or faces the consequences of violating the law of a government in a certain country.
There are some people abusing the current bonuses, rewards and etc. on the casino and that's why the casino ask for KYC to know that they are not a bot at the same time is they can't create another account to abuse the current rewarding system, also some of the people today are trying to avoid the KYC because we know how the personal details are important than the small amount of money just to withdraw, but the perks of the KYC to is it is more convenient to us to make a recover with our account and also tracking the transactions and fast withdrawals.
it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd
What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI? Stake.com is a casino, they ain't the Police. If the Police asks them to do this on certain events, then I wouldn't complain even though it sucks but if they do this randomly out of the blue... then It would ruin the good casino image of them I have...
https://ibb.co/gjxRMpT
First thing i do is verify my account, when i register to a bookie. And after seeing this shit, i just left my account like that without depositing shit
One of my favourite meme layouts, you can write anything you want on that white banner. At least you could have tried to match the font of the "change my mind" part so it looks a little bit more real. Are you against using crypto currencies for gambling, or just against the fact that some online casinos require us to do KYC? Both is fine in my opinion. With cryptos it's very fast to deposit and withdraw money at casinos and if you are not a HODL investor then there is no reason to let your coins sit in your wallet without doing anything. Gambling is a nice way to try and make some income on the side while crypto prices are low. For me I am only using cryptos for gambling when we are far away from the next ATH like right now. And KYC became very common these days for gambling in online casinos. Crypto currencies still have a bad reputation among critics in the sense that they can be easily used to launder money. With KYC the casino are trying to prevent or at least increase the effort for criminals. I don't think there is anything wrong with using KYC as long as the casino stores our personal information safely. Change my mind 
In the end you need to provide your personal information in life for anything that involves huge amount of money.
*When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.
It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.
Though KYC is still not completely mandatory to all casinos, but as all casinos get centralized, eventually we will end up in a no KYC, no betting rule because that is expected to end in that way. So it’s better to adopt it earlier and accept the fact that all casinos are bound to require strict KYC compliance if you want to play their games. Otherwise, you’ll stay betting in gray casinos and gets no assurance and security on withdrawing your funds. *When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.
It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.
it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd
What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI? Stake.com is a casino, they ain't the Police. If the Police asks them to do this on certain events, then I wouldn't complain even though it sucks but if they do this randomly out of the blue... then It would ruin the good casino image of them I have...
I don't think it's stupid at all actually, we have to accept the reality of the situation that everyone these days to run a business is going to have to comply with the laws one day. It's just something unavoidable.
What is stupid is gambling at a casino that you know has stolen people's money in the past just using KYC as an excuse.
What is stupid is gambling at a casino that you know has stolen people's money in the past just using KYC as an excuse.
There are people who want to remain anonymous - let's for example take the case. IF someone is so protective on watsapp and hiding their identities I would not trust them - I dont like these kinds of group of people. Rather I like people who are clear and open about the dealing. Wrong info sharing is something I would not believe even for my small business.
This is coming from a shill who is advertising a scam site who try their best to stay anonymous in order to avoid getting screwed by the authorities. How freaking ironic. Do you even think before typing this crap?Anonymity is the core foundation of the crypto world and it's one of the primary reasons why BTC became popular in the first place. It's a feature which makes BTC unique to some extent when compared to popular FIAT currencies.
Also, I advise you to improve your brainpower asap since you desperately need to.
There’s a simple answer here, if you don’t like KYC then don’t gamble.
That was too much though because, in fact, we can still gamble even with KYC.
OP just has to search for those gambling sites that don't have a mandatory KYC.
It's not that it was being asked on registration or else. There are lots of popular crypto-gambling sites that are KYC-free.
that we don't need to avoid top casino sites because they only implement KYC to avoid money laundering and other criminal activities that take advantage of gambling sites.
Part of the regulation. Also a part of being a legit casino.
Sometimes if a user got a problem with a gambling site that is not regulated, they are seeking help from the government authorities but how can these authorities even help that user if the casino is not regulated?
With casinos being regulated, real owners are not hidden and these can be tracked in case of anomalies. Not sure though if there's a case before where a regulated crypto casino is being penalized by regulators or faces the consequences of violating the law of a government in a certain country.
This man want to hear opinion form people maybe that could change he's thought about KYC casinos which I don't think nothing is going to change what he thinks and want about crypto casinos. There are some persons that has no problem about using a KYC regulated casinos because they are ready to drop their documents as far as possible to make sure they keep playing bets.
Nope, I think the other way around. I think the man is ready to debunk any idea that will contradict what is written on the signboard. The person isn't there to listen and follow but rather to listen and refute. His statement is indeed somehow solid and there is nothing to refute in there because it is the person's personal belief.
Why ? Just why ?
I am not gonna try and change your mind but here's another perspective. using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency. besides, even if the crypto casino says they have KYC a lot of them only ask for it in certain situations so there is a chance that you can play for a long time without even being asked to do a KYC.But the thing is not about other people but the person's belief towards the usage of cryptocurrency. I believe the best course of conversation would be: avoid crypto gambling platform that requires KYC.
Common crypto casino gambling not allowed have to KYC depend with limited increase for withdrawal, if withdrawal under minimum from term of service at crypto casino gambling is free for withdrawal without have to KYC. I don't think afraid with several gambler disagree with KYC depending their data have share at every cryptocurrency exchange, but crypto casino gambling is difference site and not all gambler want to show their identity about their self active on gambling. If afraid with KYC have way to withdraw under minimum allowed by crypto casino gambling, but some time if account get abnormal cases need to verify document and submit KYC.
KYC requirements for crypto gambling is really a late down tbh, especially for most of these new gambling sites getting into the industry with regulations stamped all over their faces. If only they understood the freedom that these cryptocurrencies have been trying to advocate for, kyc would have been kicked out.
I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why?
Quite true but the problem with in-house KYC there is no guarantee that one's data is kept safe and secure as these guys can easily sell it to third parties that could want to use it for other purposes like advertisements etc. For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryptocurrencies.
Casinos taking fiat payments have some kind of regulatory obligation which they follow and any misuse of customer's data they can be held accountable for it.... unlike crypto based casino's which can close shop any time and not give a x@(& about it. And you putting card restrictions such as the maximum amount you can spend in a day or something is a clever way of safeguarding your $$$ 
Why? Are you kidding with me op? KYC is easily one of the most annoying aspects of crypto gambling which is why most crypto gamblers including me detest it and submit it only when absolutely necessary.
KYC basically nullifies the differences between crypto and FIAT gambling sites by eliminating the anonymity feature which sucks big-time in my opinion.
Many crypto gambling sites provide all sorts of excuses such as legalization requirements, security etc in order to justify enforcing KYC.
There are people who want to remain anonymous - let's for example take the case. IF someone is so protective on watsapp and hiding their identities I would not trust them - I dont like these kinds of group of people. Rather I like people who are clear and open about the dealing. Wrong info sharing is something I would not believe even for my small business. KYC basically nullifies the differences between crypto and FIAT gambling sites by eliminating the anonymity feature which sucks big-time in my opinion.
Many crypto gambling sites provide all sorts of excuses such as legalization requirements, security etc in order to justify enforcing KYC.
There's a huge difference between being "secretive" and being normal or irrational.
What do I consider secretive? When you're trying to do business with someone and they don't even want to give you their first name or make up a name, or hide their phone numbers and want you to talk via skype or something.
What is normal then? Not wanting to send someone you don't know a scan of your ID, your full address, your utility bills. This is too much for me which is why i avoid companies that demand KYC. I have nothing to "hide" and I'm fine with registering with my phone or sharing my real name, but I'm not going to show you my ID.
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