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

Pandu Geddon

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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?

Have you also made your choice? I hope you also have the answer to your own question. Because you are also a gambler, you will definitely be faced with the situation of your question.

I personally have no problem with doing KYC at the casino. But I won't have enough casinos to play. Only a few that I really trust, then I will be willing to do KYC. We know that some of us also register for casinos to try because they are new or some events they create for new users. I also have several casino accounts, but not all of them I complete KYC verification.

carlfebz2

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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?

We are all preferring on dealing up with gambling on which it didn’t really asks about any verification and this was actually the reason on why crypto gambling space did really become big and known. Just as expected on where governments wouldn’t really be letting themselves getting behind on which they will really be targeting out these businesses because they do really know that they could be able to get those taxes on which they will be normally touching up these platforms on having those regulation on which we know that they do end up on having no choice.

sunsilk

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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?

All of those questions are hard to answer, to be honest. It varies if I am in a good mood to comply with KYC without even having to gamble first if that's the first requirement.

All of those are options but why change into a fiat casino when they're also going to do the same thing? there's no escape unless we truly find a casino that's 100% KYC-free.

As for the decentralized casinos, we need the entire community to make it alive because there is not that a lot of interest on it anymore.

Die_empty

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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?

Casinos require KYC because of government regulations. As the government is becoming stricter the casinos will keep asking for more documents for verification. You might also need a bank account to fund or receive payments from fiat-based casinos, which is also KYC. Some fiat casinos I know require KYC if you deposit a large sum or win big. I will keep seeking trustworthy decentralized casinos until all of them adopt a more stringent KYC stance. KYC would not stop me from gambling because there will always be a way out. If there is no way out, I don't have anything to hide, they can always know me anytime they want.

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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?

Honestly, decisions about completing KYC depends on personal choice. As for me, I will definitely go ahead and pass the KYC cause I don't see it as something new. These are just things casino do meet regulatory requirements and security. I won't switch to fiat casino though they would be less identity checks but I don't mind embracing the privacy that crypto offer. I cannot stop gambling either, this is what I do for fun.

Findingnemo

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Completing KYC will be the obvious choice because we don't have such thing called decentralized casino and fiat casino will have the same or much more KYC requirements so for the best chose to complete the KYC will be the smart choice. But we don't have to do that in every casino platform just be selective and only submit documents that can be considered as trusted and will handle the KYC data in a secured way.

If someone prioritize their KYC details more than gambling then that leave them with no other option other than stop gambling or chose unregulated casinos which is a risky option.

Ruttoshi

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I think crypto makes it easy for us to access any casino globally without anyone knowing that you are gambling in a casino in another country. I don't know why they are going towards the direction of knowing all their customers through KYC when initially or in the beginning, they claimed to be no KYC casinos which has made a lot of gamblers that loves their privacy to adopt these online crypto casinos, giving limited time to their own fiat casinos.

One thing that I know is that as time passes on, all casinos will ask for KYC as mandatory before you will withdraw your win either big or small. What will a gambler do that loves fun and enjoys the entertainment from these crypto online casinos than to abide to their demands and do my KYC in order for me to continue having fun with crypto.

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Quote from: Churchillvv on November 18, 2024, 07:47:39 AM

Just as lovesmayfamilis said, it's a several choice for others but for someone who's so interested in privacy decentralised casino would probably be their options but when it goes ok it of privacy, I imagine giving out my details without my permission to different applications, websites etc I wouldn't think of what my details would be used for afterall the once that are out their I don't know what it's used for so one would probably give up their details to KYC and continue gambling.

Do you not know where to put someone else's data? And why do people avoid doing KYC verification? I think that your post sounds like you don't even imagine the number of ways to use someone else's documents because there are actually a lot of them. Your data, in the event of a hack or data leak, can be sold and used for purposes far from yours.

https://bitcointalksearch.org/topic/is-kyc-data-on-gambling-sites-safe-5454529

panjul07

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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?

Depending on how I like and how I trust the casino, if I trust the casino and I've been playing for years then I will complete the KYC process (I've done it already in 1 casino already).
Switching to fiat casino will be worse option for me and maybe for most gamble from my country because currently the government is blocking so many bank accounts which suspected to be used for online gambling activities.
Staying on crypto online gambling is the best option for me although I need to undergo KYC but I wont do KYC in all casinos where I usually play as I will be more selective for it.
Once all crypto casinos requires me to pass KYC first before I can use them, I will stay on the casino where I've been verified only.

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Quote from: stadus on November 18, 2024, 06:34:22 AM

If I had a choice, I’d never want to verify my account. But since it’s a regulation and necessary to keep gambling, we don’t have much of an option, we have to comply. Personally, I’d limit the number of casinos I sign up for and make sure they’re super reputable. That way, there’s less risk of my documents or information being stolen or sold on the black market.

As for decentralized casinos, if they ever become popular, I’m sure a lot of gamblers would switch to them over KYC casinos. But you know, they’re not popular yet, and I have a feeling regulators might come after them eventually, forcing them to comply as well once they earn popularity. So.. at this point, crypto casinos aren’t much different from fiat casinos when it comes to KYC. It’s just the reality we have to deal with.

KYC is going to be inevitable soon so as much as we want to stay anonymous, but as a regulatory compliance, we need to comply KYC as it would also reduces the risk of fraud and money laundering. And for certain, those who are not adapting KYC today will only be forced to do it soon. This is the reality now. No KYC, no betting on gambling casinos. You chose what’s best for you.

Churchillvv

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Just as lovesmayfamilis said, it's a several choice for others but for someone who's so interested in privacy decentralised casino would probably be their options but when it goes ok it of privacy, I imagine giving out my details without my permission to different applications, websites etc I wouldn't think of what my details would be used for afterall the once that are out their I don't know what it's used for so one would probably give up their details to KYC and continue gambling.

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Quote from: coin-investor on November 18, 2024, 07:29:00 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?

It depends on the level of trust I have in a casino; if the casino has a good reputation and have established their name in the industry like Stake.com, I don't have issues with KYC, KYC is a matter of trust, you don't give it if you have doubts on your mind You want to have peace of mind at a casino that you trust, even if it means providing him your basic information.

The need for Kyc is high on gaming sites, and the further a non Kyc casino goes, they'll begin to demand to know customers. Gamblers have to entrust their documents to well secured gaming platforms. Because most of these documents leak on databases, and it's not safe for the owners.

gunhell16

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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?

Maybe I would prefer to play gambling under a decentralization-based system; this is if I don't want KYC. But for others whose kyc is okay with them, it won't be a problem for them for sure in the end. That's the simple thing I'm going to do: I'm going to move to a decentralized gambling platform.

It would be okay for me to have KYC, but not all casinos here in the crypto space. This is just my opinion. Besides, the others have a bracket right before they require KYC from a casino player.

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Gambling is one of the main reasons I’m active in the forum, so if everything ends up requiring KYC in the future, I guess I’ll have no choice but to join the KYC party. It’s time to reveal my identity and hope that casinos handle my information confidentially, as they’re supposed to.

I'm just thinking.... maybe for gamblers who like to explore different casinos, this is quite scary as you’re exposing yourself and your documents to multiple platforms. At the end of the day, it’s all about being smart with your choices. Stick to proven casinos with solid reputations. I won’t name any names (don’t want anyone feeling jelly), but for me, whether it’s an old or new casino doesn’t matter. As long as their reputation is strong, that’s good enough.

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The world of gambling casinos, regardless if it’s crypto or fiat, are actually heading to KYC verification. So I think if we want to pursue our passion with gambling, then we are left with no choice but to pass KYC. Just to clear out things here, KYC does not guarantee that casinos are totally safe and secured, or highly reputable. It’s still best to do our due diligence so we can avoid getting scammed at the end of the day.

For now, let’s just seize the moment where we can enjoy those KYC-free casinos. We don’t know exactly when, but time will really come that we’ll no longer experience anonymity when gambling.

coin-investor

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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?

It depends on the level of trust I have in a casino; if the casino has a good reputation and have established their name in the industry like Stake.com, I don't have issues with KYC, KYC is a matter of trust, you don't give it if you have doubts on your mind You want to have peace of mind at a casino that you trust, even if it means providing him your basic information.

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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?

In as much crypto is not banned due to illegal inventory in my place and at same time residing here in my place I will definitely have no problem with the crypto casinos with the requirements or KYCs.

Since I adopted the use of Bitcoin, I have always used the centralized exchanges to process my transactions and this was enabled after passing through its KYC.

So definitely mandating gamblers to pass through KYCs would at all not be my problem not until my government is highily against cryptocurrencies.
Only then the conciousness of not going Contrarily would make me think otherwise.

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There is a 100% probability that casinos can complete making KYC mandatory before one can gamble. That wouldn't be a problem for me because am ready to pass any KYC as long as I know I won't get myself involved in illegal activity in the casino. For those who are so obsessed with privacy I don't think they will be able to gamble anymore. With that many casinos should be ready to lose lots of customers. Because many gamblers will shift to their local casinos where they don't need KYC to be able to gamble.

One way or another, online Casinos will still function, and gamblers will find a way to ease their gambling urge.

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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?

Obviously this is an hypothetical question but if this eventually happens, it can stop some gamblers from gambling anyway especially those who are just (not) very much interested in gambling because they won't see any need to expose themselves on their identity when they are not making withdraw. But those who always wins won't stop especially the addicts. Basically, KYC level 2 if made mandatory should not stop a gambler from going through the verification of their account.

Personally, I don't think it will stop me because it is already looking like what will begin to happen very soon with centralized casinos.

Ziskinberg

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Quote from: Rruchi man on November 18, 2024, 06:41:44 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?

If you are a gambler that is already used to the concept of gambling with cryptocurrency and the reason why casinos demand KYC verification, you will have no worries and will not be discouraged from signing into a new crypto casino because they require you to first do your KYC verification before gambling. Discouragement will be for a new gambler that does not understand why KYC is required and may be trying to try gambling for the first time. It may be scary to them the pressure from the casino to first verify their identity by submitting documents.

Honestly, I could stick to gambling at fiat casinos, they’re easier and cheaper when it comes to transfer costs. But the main reason I choose crypto gambling is because of the no-KYC option and the privacy it gives me while gambling. With this new wave of compliance hitting one of the most popular casinos on the forum, it’s becoming clear that others will likely follow. Now, I’m at a crossroads, should I continue gambling with crypto if no more privacy-friendly options are left? I guess I’ll just wait it out and decide when the time comes.

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