What if all crypto casinos requires KYC to continue gambling? - page 3.

Popkon6

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

If every casino site asks for KYC, then of course I will do KYC, because I have been gambling for a long time, so I enter gambling with a budget of $ 20 to $ 30 per week. So in this general way I do not hesitate to do KYC because it will provide me with more security because even if gambling creates the most alarming situation, many people will stay away from KYC and those who are the most real users will pass what is happening. Because KYC will not bother me, so I will stick to KYC duties on trusted sites for gambling.

Outhue

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What do you think will happen either? I don't expect this to cause some bigger issue because casinos need licenses to run legally, if anyone doesn't want this they should stop gambling online and start going to any nearby casinos.

I still don't know why people want non-KYC casinos, it is not like this will male you to be more lucky when gambling, either KYC or not you will still lose and win only if luck is on your side.

It is not a must for gamblers to pass KYC, they can easily start using local casinos to have some fun, but for people like myself who don't see anything wrong with online casinos asking for KYC we will keep using them.

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether?

Well it's simple, and that's to say it's one's choice to decide if to go ahead with gambling and again I don't think it's definitely all crypto Casinos that demand KYC requirements to carry on with gambling, so you are at liberty to switch to sny casino that is best suitable for your gambling activities, and yes I can possibly switch to fiat casino or better still quit gambling entirely.

Dr.Bitcoin_Strange

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Quote from: Ever-young on November 22, 2024, 11:02:26 AM

Quote from: Dr.Bitcoin_Strange on November 18, 2024, 06:35:14 AM

I already passed KYC in a few of my favorite casino and those casinos are still running their service perfectly, there's yet to reason for me to explore any other casinos. If there's need in the future to use a new casino and they ask for KYC, if it's a reputable casino, I will do the KYC.
If such happens in the future, people will look for any available alternative that they can divert to if they don't want to pass the KYC. It's that simple.

I could not have agreed more; firstly, I don't see anything that I will be doing jumping from one casino platform to the other, as there is great risk at stake, which is why I just learn to stick with the old ones I'm already familiar with. Their service and I don't have issues with them.

I already have some few reputable casino that I already pass KYC and they don't have any intention of stopping their service anytime soon. So, even if all casino ask for KYC, I will not use those ones but will continue with the one am already registered with.

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Quote from: shield132 on November 23, 2024, 04:00:25 AM

I don't like the KYC procedure because I have to take an image of my ID, take a selfie with it, then upload it and wait for the answer, then the support asks me to submit my bills, which is impossible in my region, and then the headache comes. For these reasons alone, I prefer to gamble with small amounts of money but I found Web3 casinos like Metamask very useful because it lets me gamble without human interaction.

Btw if KYC becomes mandatory everywhere, we will be forced to submit in order to continue gambling. I think that I'll submit KYC in a casino that I trust and continue gambling but I also think that I might visit bustabit and l0tt0 more frequently than before.

I'm not fond of it either, but it's already required in casinos. Perhaps it will become more regulated in the future and be necessary to be submitted when signing up. I personally wouldn't change something and would submit KYC; I'm not wagering large amounts of money nor am I hiding something (I know it's a privacy concern as well, which is just as important). If that were to happen, I'm pretty sure more KYC-free alternatives would appear, as there would be a larger audience then and safer options might be more available. Certainly, they won't be regulated, whatever than means regarding their safety, but we'll see if and when that time comes.

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Quote from: Pandorak on November 23, 2024, 03:16:59 AM

Quote from: ajiz138 on November 22, 2024, 11:01:02 AM

Quote from: Pandorak on November 22, 2024, 10:14:23 AM

I think all online gambling sites will implement KYC for their users, and perhaps online sites that have non-KYC features will still require their users to do KYC. For me personally, like it or not, i have to do KYC, because after all i have to have fun on online gambling sites for entertainment. However, i only choose trusted online gambling sites, for example several sites related to this forum, so that i think they will be very trustworthy.

[...] Because it is quite risky to require KYC at many casinos that have been played.

Well, it's not too risky if we do KYC in such a famous casino that trustworthy, so then we can keep playing on there, for example, we should not be aware of do KYC in any site as i mentioned. Especially in any kind of gambling sites that related to this forum are trustworthy, such as Rollbit, Stake, or anything related to this forum are really safe i think.

In starting online gambling it is very important for us to choose a trusted casino and also follow existing regulations, so to do KYC is not something we need to be afraid of, so far KYC seems to be something that does make people uncomfortable, even though if we choose to play on a trusted site, of course that it will not be a problem because usually the KYC is the main requirement of the authority that supervises gambling, The implementation of KYC is to comply with regulations and prevent illegal activities, so when we don't do illegal things and also the age that has been eligible to gamble of course there is nothing wrong with us complying with the KYC rules, previously we heard many cases where gambling sites blocked the withdrawal of big winnings, after the gambler did not fully the KYC requirements, so indeed doing KYC at the beginning of account registration can be to prevention for us to be trapped from such problems.

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

~So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

I myself see nothing inconvenient in that. I think most of those crypto casinos that I gamble on have started requiring KYC long time ago. I mean, if you are not a criminal why should you care? Just pass KYC and forget about it and keep gambling on platforms you like.

What I wouldn't start doing is looking for some "decentralized casino", that's for sure. Don't let some scammers exploit your unbased fear, guys.

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

Now there are fewer and fewer casino implementing the Non KYC system because the increasing reputation of a casino in the eyes of the world then the demands to follow the regulations will be increasingly tightened. In the end we may not see any more Non KYC casino even though they are crypto casino. Personally I have to narrow down the list of casinos that are often visited and choose one casino to subscribe to. 1 KYC may be necessary but to spread it to all casino is definitely not something I would do.
Maybe this is also one of the reasons why casino migrated to the telegram mini app. Maybe Roll Eyes

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Quote from: Oshosondy on November 22, 2024, 10:56:56 AM

Quote from: Cryptoprincess101 on November 22, 2024, 10:43:04 AM

I don't even know why some gamblers are afraid of doing KYC verifications.

It is because some people are gambling with high amounts of money. Maybe it is small to them but I see it as high amounts of money. So they can be afraid that the gambling site data can breach and known to hackers which can be a threat to them.

In the world of cryptocurrencies, if you are not careful, they can end up knowing a lot about you. If you sumbit a kyc, how much you have deposited, the casino, or potential hackers, can find out a lot about how many cryptocurrencies you have, or what transactions you have made.

In a fiat casino, if I deposit $100 and the casino gets hacked, the hackers won't know anything about how much money I have in the bank or where I have made payments.

shield132

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

I don't like the KYC procedure because I have to take an image of my ID, take a selfie with it, then upload it and wait for the answer, then the support asks me to submit my bills, which is impossible in my region, and then the headache comes. For these reasons alone, I prefer to gamble with small amounts of money but I found Web3 casinos like Metamask very useful because it lets me gamble without human interaction.

Btw if KYC becomes mandatory everywhere, we will be forced to submit in order to continue gambling. I think that I'll submit KYC in a casino that I trust and continue gambling but I also think that I might visit bustabit and l0tt0 more frequently than before.

GxSTxV

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

Honestly, this is a topic that hits close to me. If all crypto casinos started mandating KYC it would really make many players and gamblers rethink how they going to approach gambling next. One of the main features of crypto casinos for many people, including myself back then is the privacy and ease of use. KYC takes away that anonymity and for some now it will feel like a stepback.
Personally, if I still gambling I think my decision would depend on a few factors. If the casino has a good reputation also transparent processes and offers solid features like fast withdrawals and fair games I will really consider completing the KYC as I did it with the good casinos before. However, if I felt the opposite, I wouldn’t risk any of ly documents with them over something bad.

I believe that switching to fiat casinos would feel like going back to something old and with less features as dealing with their high fees, slower transactions, and fewer game options in some cases.

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Quote from: ajiz138 on November 22, 2024, 11:01:02 AM

Quote from: Pandorak on November 22, 2024, 10:14:23 AM

I think all online gambling sites will implement KYC for their users, and perhaps online sites that have non-KYC features will still require their users to do KYC. For me personally, like it or not, i have to do KYC, because after all i have to have fun on online gambling sites for entertainment. However, i only choose trusted online gambling sites, for example several sites related to this forum, so that i think they will be very trustworthy.

[...] Because it is quite risky to require KYC at many casinos that have been played.

Well, it's not too risky if we do KYC in such a famous casino that trustworthy, so then we can keep playing on there, for example, we should not be aware of do KYC in any site as i mentioned. Especially in any kind of gambling sites that related to this forum are trustworthy, such as Rollbit, Stake, or anything related to this forum are really safe i think.

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Cryptocurrency is banned in many countries which is why they usually cannot introduce gambling activities with it. Moreover gambling is banned in many countries due to which everyone secretly uses fiat money. Because the best way to place bets in gambling is to use fiat money while keeping the transaction private. Casinos will take advantage of the sudden verification moment and i have encountered such problems. Simply put, kyc is to comply with the rules of the gambling site and if the licensing is strengthened then kyc will be mandatory in casino services. But do not fake non KYC and you will get maximum benefits there to.

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KYC is a way to comply with the regulation, and became legal to use. When a country was starting to be even stricter with licensing, and it's nothing wrong to comply with it. However, it's really understandable when some took care of their privacy, and jumped to the non KYC platform.

The problem is that can the new platform guaranteed the user if it's safe to us? How about the security? Trustability? Also, the non-KYC platform was operating in the country with the regulation. Someday, they could be forced to comply with it.

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Quote from: ralle14 on November 22, 2024, 11:05:59 AM

Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

I'd most likely stick with the best crypto casino that only requires the lowest level of KYC and drop my accounts from other crypto casinos. If all of them require level two KYC then i'll pick the best casino i'm currently using so I don't have to waste my VIP progression and start all over again.

I don't see the need to switch to fiat casinos since the local casinos i've seen are usually the same as most crypto casinos and some of them are probably less competitive than the best ones we have here.

In order to be safe, just limit your betting casinos and stick only to those who are giving you valuable experiences. KYC is here for good, so expect that every casino in order to be legalized, they should apply KYC verification, if not now, but it will soon to happen gradually.

Gambling is not just gambling, but reputable gambling casinos will also ensure to protect us from fraud and scams. That’s why KYC is here, not to prevent us from being anonymous intentionally, but to secure our funds away from different forms of scams.

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Quote from: TEBTC on November 22, 2024, 10:52:52 AM

This sounds good because if all online casinos will require KYC verification on their platforms this will be helpful to curbing excessive gambling online and some people who can't do without gambling will be helped and even under age gambling online too will be reduced maybe as you have rightly said they will go offline to bet but I dought if this is going to work with online casinos who's concerned more about making money than caring for their customers wellbeing

I think it is not related to profit and concern for customer wellbeing. Casinos require their users to verify KYC of course related to the existence of their business. Regulations that force casinos to implement KYC for every exchange. Maybe because the popularity of crypto is currently getting a lot of attention from many countries, not only centralized exchanges will do KYC, but all businesses including casinos will comply with these regulations. Because there will be users who may experience limitations in verifying their data, or gamblers who do not want to verify KYC. Then there is a possibility that the casino will still lose some of their gamblers.

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

I'd most likely stick with the best crypto casino that only requires the lowest level of KYC and drop my accounts from other crypto casinos. If all of them require level two KYC then i'll pick the best casino i'm currently using so I don't have to waste my VIP progression and start all over again.

I don't see the need to switch to fiat casinos since the local casinos i've seen are usually the same as most crypto casinos and some of them are probably less competitive than the best ones we have here.

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Quote from: Dr.Bitcoin_Strange on November 18, 2024, 06:35:14 AM

I already passed KYC in a few of my favorite casino and those casinos are still running their service perfectly, there's yet to reason for me to explore any other casinos. If there's need in the future to use a new casino and they ask for KYC, if it's a reputable casino, I will do the KYC.
If such happens in the future, people will look for any available alternative that they can divert to if they don't want to pass the KYC. It's that simple.

I could not have agreed more; firstly, I don't see anything that I will be doing jumping from one casino platform to the other, as there is great risk at stake, which is why I just learn to stick with the old ones I'm already familiar with. Their service and I don't have issues with them.

Unless it's necessary for me to try, that's why I will have to check in the new casino, and if it's something that's really worth it, I don't see any harm in giving in my KYC details. If I have given it to one casino, then anyone I find trustworthy can still have it as far as it's just one specific document they need.

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Quote from: Pandorak on November 22, 2024, 10:14:23 AM

I think all online gambling sites will implement KYC for their users, and perhaps online sites that have non-KYC features will still require their users to do KYC. For me personally, like it or not, i have to do KYC, because after all i have to have fun on online gambling sites for entertainment. However, i only choose trusted online gambling sites, for example several sites related to this forum, so that i think they will be very trustworthy.

Sites that do not have KYC features are just nonsense: for example, in the NO-KYC thread but you can see in the TOS rules that they can ask for any KYC, because the site has a license, it is certain that KYC rules will eventually be applied to its users.

If all existing casinos are already required to KYC because of this rule, then maybe I will do 2-3 casinos to KYC the rest will not KYC or not play on that site anymore.

Because it is quite risky to require KYC at many casinos that have been played.

But I don't know what if it happens like Stake.com where everyone who does KYC is rewarded maybe some people will take this risk.

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Quote from: Cryptoprincess101 on November 22, 2024, 10:43:04 AM

I don't even know why some gamblers are afraid of doing KYC verifications.

It is because some people are gambling with high amounts of money. Maybe it is small to them but I see it as high amounts of money. So they can be afraid that the gambling site data can breach and known to hackers which can be a threat to them.

Quote from: Cryptoprincess101 on November 22, 2024, 10:43:04 AM

Using $5 to $10 to stake every week is a fair amount but KYC verification is mostly problematic when trying to make withdrawals unlike making deposits. Some Casinos may not ask for KYC documents when making deposits but as soon as you win and request for withdrawals that is when they take it as high level of importance.

It is good to read the terms of service. On KYC casinos, I make sure my account got verified before I will start gambling on the site.

Topic: What if all crypto casinos requires KYC to continue gambling? - page 3. (Read 1339 times)