What importance is kyc In gambling section - page 3.

davis196

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Quote from: kingpin4321 on May 17, 2019, 12:20:26 AM

Know your customer (kyc) is one security measure I support and do not hesitate to fill-in all my kyc required details. KYc is being used by exchanges, ico project some bounty managers etc.
But is kyc really needed in gambling section. I experienced a very hectic kyc procedure when trying to register onto a gambling site with them telling me they would get back to me after some day so I wonder what if I got a pressing game I needed to play immediately.
In my own opinion kyc is not of major importance in gambling section. What do you guys think

KYC is important,but only after you register an account.Not before withdrawal.This is really annoying.You wanna get your coins and you have to send scanned IDs or ID photos and the customer support or the automatic ID verification services can't accept the ID photos,because they are "blurry",while they are quite clear.I hate that shit...

Russlenat

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Quote from: michellee on July 15, 2019, 11:30:44 PM

Quote from: ?? on ??

Sometimes we need kyc if win a huge amount because there are some laws who ask websites to follow that rules and is more easy if do kyc to recover account if need, but for low amount is better without kyc.

KYC is fine as long as they can protect the member's documents, and I am sure the members will want to complete the KYC process. But if the gambling website cannot give protection, then we need to search for the other gambling website which can give that. Our data is important, and we need to secure for our safety.

It's their job to protect if they require KYC, and they will only require KYC if they are regulated as it's a basic rules to have KYC every time a service cater for money, like gambling sites of course. Regulators are most concern on the illegal activities such as money laundering, so we gamblers have no choice but to comply if we want to play.

Don't worry, if gambling site will leak our information, we can sue them and they will pay for the damages and might endanger their license.

michellee

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Quote from: ?? on ??

Sometimes we need kyc if win a huge amount because there are some laws who ask websites to follow that rules and is more easy if do kyc to recover account if need, but for low amount is better without kyc.

KYC is fine as long as they can protect the member's documents, and I am sure the members will want to complete the KYC process. But if the gambling website cannot give protection, then we need to search for the other gambling website which can give that. Our data is important, and we need to secure for our safety.

sunsilk

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Quote from: virasog on July 14, 2019, 06:18:43 AM

Quote from: sunsilk on July 13, 2019, 11:10:22 AM

Quote from: Jjewelle29 on July 13, 2019, 09:14:09 AM

Kcy is important to know the true information of the person who registered the sites and to prevent multiple account or fake account.

If most of the casino's will implement KYC, there will be a number of gamblers will just go to the traditional sites where they can gamble with fiat since the purpose of gambling with crypto has been done.

Many have migrated to crypto gambling because it doesn't require everyone to pass on KYC but these days are changing.

I think the gambling casino also do not want to implement KYC, but if the crypto is regularized throughout the world and KYC is made mandatory then everyone will have to do kyc for gambling and trading both. If kyc is to be implemented world wide, steps should also be taken to keep the personal data secure.

There can be factors that there were forced to do because their gov't required them. And if the gov't steps in, they have to do it whether they like it or not. But KYC implementation worldwide, I don't think that it will happen.

If most of the countries will agree with that then we might see that in the future. But for now, needless to say that we are far from that kind of scenario because there are still reputable casino's that never do that.

joshy23

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Quote from: fortunecrypto on July 14, 2019, 06:41:45 AM

Quote from: kingpin4321 on May 17, 2019, 12:20:26 AM

Know your customer (kyc) is one security measure I support and do not hesitate to fill-in all my kyc required details. KYc is being used by exchanges, ico project some bounty managers etc.
But is kyc really needed in gambling section. I experienced a very hectic kyc procedure when trying to register onto a gambling site with them telling me they would get back to me after some day so I wonder what if I got a pressing game I needed to play immediately.
In my own opinion kyc is not of major importance in gambling section. What do you guys think

Why not go for gambling sites that do not ask for KYC, if you have the need to play a game immediately, there are a lot of KYC less gambling sites and they are reputable and their platform is also provably fair too, I'm also not a fan of KYC in gambling sites.

It can be done since there's a lot of gambling crypto sites who's not requiring any KYC procedures, you can simply deposit and withdraw your capital, find time to read every information about your choosen gambling house you are already inside crypto so make a good use of it.

hahay

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Yes, kyc is not really important in gambling, but if they have strong reasons and can work quickly, I don't think that is a problem, because in your case it is clear they cannot work quickly for certain reasons, if all gamblers get problems like it will not be good for this industry which makes users not have the freedom to play because they are constrained by the kyc itself. Anyway, gambling is a game to get pleasure for some individuals and not all individuals make gambling as a job or an income.

The Cryptovator

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Personally I am not a big fan of KYC. But unfortunately I have done KYC verification on few exchange in order use them. However, I am bit confused what you mean by "gambling section". If you mentioned this forum section then it will never happen. So we do not need to think about it. If you mean gambling websites then I will not support it especially for crypto-currency related site. It's not necessary to play.

jademaxsuy

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Every gambler knows about how disgrace KYC is all about. Thus, every gambler wishes to be anonymous as much as possible to the platform that they are using. But since government requires every legit gambling platform to have a KYC process then following it should be made as it will benefit the welfare of the community who join the gambling platform.

Thus, the process will help identify the minors on prohibiting them to gamble. Aside from.that all possible irregularities can be traced down having the identity of the persons involved.

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Quote from: fortunecrypto on July 14, 2019, 06:41:45 AM

Quote from: kingpin4321 on May 17, 2019, 12:20:26 AM

Know your customer (kyc) is one security measure I support and do not hesitate to fill-in all my kyc required details. KYc is being used by exchanges, ico project some bounty managers etc.
But is kyc really needed in gambling section. I experienced a very hectic kyc procedure when trying to register onto a gambling site with them telling me they would get back to me after some day so I wonder what if I got a pressing game I needed to play immediately.
In my own opinion kyc is not of major importance in gambling section. What do you guys think

Why not go for gambling sites that do not ask for KYC, if you have the need to play a game immediately, there are a lot of KYC less gambling sites and they are reputable and their platform is also provably fair too, I'm also not a fan of KYC in gambling sites.

Many new gambling sites may not ask for kyc and it will not be wise to leave the trusted gambling sites only because they ask for kyc and risk your money at the new sites.
For me, if an old trusted sites ask for kyc i will prefer to do the kyc rather than moving to other more less trusted site.

BitcoinHunt3r

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Quote from: virasog on July 14, 2019, 06:18:43 AM

Quote from: sunsilk on July 13, 2019, 11:10:22 AM

Quote from: Jjewelle29 on July 13, 2019, 09:14:09 AM

Kcy is important to know the true information of the person who registered the sites and to prevent multiple account or fake account.

If most of the casino's will implement KYC, there will be a number of gamblers will just go to the traditional sites where they can gamble with fiat since the purpose of gambling with crypto has been done.

Many have migrated to crypto gambling because it doesn't require everyone to pass on KYC but these days are changing.

I think the gambling casino also do not want to implement KYC, but if the crypto is regularized throughout the world and KYC is made mandatory then everyone will have to do kyc for gambling and trading both. If kyc is to be implemented world wide, steps should also be taken to keep the personal data secure.

From what i heard it is all about regulation, of course gambling site wouldn't want to make their customers dissapointed with something that make their customers difficult. But regulation force them to make KYC. And by the way, have a lot of account in gambling site i don't think it is bad because some people think new account give them bigger chance to win than old account.

fortunecrypto

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Quote from: kingpin4321 on May 17, 2019, 12:20:26 AM

Know your customer (kyc) is one security measure I support and do not hesitate to fill-in all my kyc required details. KYc is being used by exchanges, ico project some bounty managers etc.
But is kyc really needed in gambling section. I experienced a very hectic kyc procedure when trying to register onto a gambling site with them telling me they would get back to me after some day so I wonder what if I got a pressing game I needed to play immediately.
In my own opinion kyc is not of major importance in gambling section. What do you guys think

Why not go for gambling sites that do not ask for KYC, if you have the need to play a game immediately, there are a lot of KYC less gambling sites and they are reputable and their platform is also provably fair too, I'm also not a fan of KYC in gambling sites.

virasog

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Quote from: sunsilk on July 13, 2019, 11:10:22 AM

Quote from: Jjewelle29 on July 13, 2019, 09:14:09 AM

Kcy is important to know the true information of the person who registered the sites and to prevent multiple account or fake account.

If most of the casino's will implement KYC, there will be a number of gamblers will just go to the traditional sites where they can gamble with fiat since the purpose of gambling with crypto has been done.

Many have migrated to crypto gambling because it doesn't require everyone to pass on KYC but these days are changing.

I think the gambling casino also do not want to implement KYC, but if the crypto is regularized throughout the world and KYC is made mandatory then everyone will have to do kyc for gambling and trading both. If kyc is to be implemented world wide, steps should also be taken to keep the personal data secure.

sunsilk

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Quote from: Jjewelle29 on July 13, 2019, 09:14:09 AM

Kcy is important to know the true information of the person who registered the sites and to prevent multiple account or fake account.

If most of the casino's will implement KYC, there will be a number of gamblers will just go to the traditional sites where they can gamble with fiat since the purpose of gambling with crypto has been done.

Many have migrated to crypto gambling because it doesn't require everyone to pass on KYC but these days are changing.

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Quote from: XCANA on July 11, 2019, 04:15:58 AM

Basically the importance of KYC in gambling platform's cannot be over emphasize since a company would like to know their customers while playing games on their platform's. But does that actually matters if you as a gambler you don't trust the platform's? Actually NO and if that Doesn't matters then your privacy matters because they can sell off your data to other parties.

All the casinos operated under Curacao or other sub-gambling licenses have no rights to ask for KYC from any of their players. If they do so, the site is a scam and players should avoid it.

Quote from: Jjewelle29 on July 13, 2019, 09:14:09 AM

Kcy is important to know the true information of the person who registered the sites and to prevent multiple account or fake account.

KCY? Really cunt? It is important for the operators to know who uses the site but not the other way around that is the customers should also know who owns the site?

torry28

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Quote from: Jjewelle29 on July 13, 2019, 09:14:09 AM

Kcy is important to know the true information of the person who registered the sites and to prevent multiple account or fake account.

It's only from site's side, how about player/user's side? Is there any advantage to you or us while we give our ID to online gambling sites? Are you sure they will not do anything illegal with our ID? Obviously you can't be sure whether they will do with our ID, that's why i don't see any reason why KYC should be implemented, especially when you are in user's side.

Jjewelle29

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Kcy is important to know the true information of the person who registered the sites and to prevent multiple account or fake account.

mindrust

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Quote from: kingpin4321 on July 12, 2019, 04:39:44 PM

Quote from: jhongzjhong on May 17, 2019, 04:41:14 PM

I don't want to visit a gambling site that required KYC verification

Would love to know your reasons for this I have some reasons why you don't want to check out gambling site but still need to be clear from you.
Know your customer is not that bad as its been spread

Are you serious?

So you don't have any problems with sending your passport scan to some online casino which you don't know about its owners at all?

If you are so chill why don't you send me that scan? I promise I won't do any bad things with them. If you are going to reply with "fu" then you should realize that's exactly what you are doing when you accept KYC.

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Quote from: bitcoindusts on July 13, 2019, 07:25:47 AM

Quote from: Ailmand on May 17, 2019, 12:46:38 AM

The purpose and objective of KYC is to prevent fraud, money laundering and to imply the security measures which is necessary for both users and the gambling site. It will benefit us though it sometimes causes us hassle. It's important for the monitoring of legit transactions as well.

Yea its granted and understood that it is to prevent money laundering but in a gambling site, I thought about additional safety measure for the owner like to prove if the player is having the right age to play the game because it involves money. This is a gambling site’s responsibility to make sure about this matter too to prevent problems and regret in the future.

There would be no problem if they don't want to be regulated, KYC is only for regulated casinos and I think gamblers in crypto choose to play here because in fiat gambling, KYC is compulsory and here they can gamble without revealing their identity. If I am a gambler who doesn't gamble much amount of money, I would choose crypto non regulated site as I feel more secured and safe because no one knows about me gambling.

bitcoindusts

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Quote from: Ailmand on May 17, 2019, 12:46:38 AM

The purpose and objective of KYC is to prevent fraud, money laundering and to imply the security measures which is necessary for both users and the gambling site. It will benefit us though it sometimes causes us hassle. It's important for the monitoring of legit transactions as well.

Yea its granted and understood that it is to prevent money laundering but in a gambling site, I thought about additional safety measure for the owner like to prove if the player is having the right age to play the game because it involves money. This is a gambling site’s responsibility to make sure about this matter too to prevent problems and regret in the future.

Johnzky

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For players?KYC wasn’t important because we already has a control on our account unless there’s a leakages on the gambling sites for our account not to be safe because there are som issues of inside job .but all In all?we don’t need KYC specially in claiming big winnings because we are here for privacy and now these stances will only reveal our personality

Topic: What importance is kyc In gambling section - page 3. (Read 2082 times)