What if all crypto casinos requires KYC to continue gambling? - page 9.

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.

EluguHcman

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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.

Agbamoni

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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.

Gozie51

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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.

YOSHIE

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

What if all crypto casinos requires KYC to continue gambling?

I might avoid casinos that implement KYC, because I don't gamble in large amounts, but if all casinos require KYC and that is the main requirement for casinos, what can I do, maybe I will do that and even then I do it also looking at the reputation of the casino.

Indeed, some of us agree not to provide personal identification, especially for online casinos, but others agree that their identity goes into the casino, but for those who are addicted to KYC gambling, it is not a big problem for them, but for those who gamble casually, of course KYC is hard for them, whatever the reason, it is clear that KYC has its good and bad, whether to use it or not, I think it all depends on how we respond to it.

danherbias07

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I'd rather just follow the rules and pass the KYC.
As of now, there are so many gambling websites popping out, and finding one that has a high reputation is going to be hard. Stake.com on the other hand, has been running for a long time and its reputation exceeds other online casinos, and sports bookies in the industry.
So, why switch and risk your money for a new one and jeopardize your account for either being frozen for winning or a scam attempt that will probably rob your money too?
I think KYC is for the security of both parties and although I am not used to it, it's better to just stick with the trusted gambling site and pass the KYC if they are mandating it.

Jewan420

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I think there is no problem in doing KYC. I don't think any problem for KYC. If crypto casinos ask to do KYC to advance the game then I will definitely do it if there are no competing casinos in the market. If I see two casinos of the same standard, if one asks for KYC, I will exit the casino and enter the second casino. If two casinos ask for KYC then I won't hesitate to do KYC.

For some people doing KYC in crypto casinos will not be a good move. If crypto is banned in his country it would be a good decision for him to enter fiat casinos and that is what they will try to do. Or they can gamble and win if there are trusted decentralized casinos in the market.

Franctoshi

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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?

If it's a platform I love doing business with, then what stops me?. The few platforms I use have requested for kyc verification already whereas the other ones haven't, they're local casino platforms and don't normally do so since they have other ways they've got to know the user, especially through fiat deposits and withdrawals they've go your details, whereas some are waiting on when you've won big amount of money or become a regular customer and there's is now a need to get to know you.

ultrloa

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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?

If the casino is reputable and show transparency that they level up their KYC requirements its because the government impose a strict regulation and this is the effect of things what they have done then I'm fine with it. They are known reputable casino and provably they won't mess around.

Will be more willing to participate if they show what I said transparency and also they are showing to their community that they are compliant on the law then would be more willing to cooperate with them. If people cannot take this maybe this is the sign that they need to quit playing in online casinos because they can't afford to provide what casino required them to do.

Frankolala

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I don't see anything wrong for me to do KYC for what I love doing for fun. I have done KYC with several casinos that I have used in the past to avoid any problem when it comes to withdrawal. I will go as far as doing KYC over and ovwr again in a reputable and trusted casino to enjoy the fun and if possible win big. I love fiat casino don't get me wrong but at the same time, I gamble more on global casinos.

Rruchi man

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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?

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.

len01

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If that happens, I will never worry because I already have several accounts in different casinos that are most popular in this forum and I have done KYC level 2 from the beginning. So if the rule applies to all crypto casinos, I will not mind. Whatever happens I prefer to bet using crypto which provides convenience compared to betting using fiat.

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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?

Simple, I will do my KYC and go ahead to have a great time playing my favorite slot game. Their terms, their rules. If I don't like it, I skiddale to another one whose terms I am comfortable with, in this case no KYC.

Switching to fiat casinos? Hell no. The trouble with them is too much and I like ease or rather seek the path of less resistance in the case. You mean stop gambling altogether because of KYC, don't think that is possible. My benchmark has always been reputation, efficient customer services, a wide variety of games and I am good to go. KYC? no problem.

Dr.Bitcoin_Strange

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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.

stadus

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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.

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

Or maybe start looking for a decentralized casino to avoid the hassle?

I think we should leave this until most gambling sites will be requesting their customers to do KYC. As of now there are still many crypto gambling sites that do not request for KYC from their customers to certain amount of money. So we can still enjoy the benefit until when all of them will become a KYC site.

But as for me I will do the KYC. The $5 to $10 that I use to gamble every week is not so much to let me be bothered about KYC.

bakasabo

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If that request comes from every single crypto casino, then I would have nothing left but to pass KYC. If this request comes only from few reputed casinos, then I would evaluate their competitors, and if there are reputed casinos that does not require KYC, I will migrate there. Or at least make a pause from gambling to think about perspectives and issues from such request.

I think a lot of people are scared by KYC and dont really understand what it really is. They are scared and their opinion is influenced by noticing «I will never pass KYC» kind of posts in the internet. There are those who feel ok pass KYC on exchange to buy crypto directly with card or bank wire. They dont bother about anonymity and etc. Such people will see no problem at passing KYC in crypto casino. Because what if they just like one specific casino, its design and are used to it. So why leave if passing KYC changes nothing for them.

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The answer is obvious. Everyone will choose what they prefer. In countries where cryptocurrency is prohibited, fiat money will most likely be the best choice for those who do not want to simply stop their gaming activities. Choosing decentralized casinos, the number of which will naturally decrease, can also pose risks, since at any moment such casinos will somehow take advantage of the moment of sudden verifications, as we can expect on some exchanges. I think for each specific person there will be several choices, and how he will get out of the situation cannot be a template for another.

Ziskinberg

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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?

Topic: What if all crypto casinos requires KYC to continue gambling? - page 9. (Read 1277 times)