What would be an ideal KYC solution?

len01

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Quote from: coinerer on December 31, 2022, 10:15:45 AM

Quote from: mindrust on December 31, 2022, 07:25:41 AM

Quote from: SirJohnVonSlotty on December 01, 2022, 12:21:05 PM

What would, in your opinion, be the best balance here?

Ideal KYC is no KYC. The best KYC is a dead one.

There are already zero KYC casinos which you can trust. One of them is freebitco.in. You don't have to bow your head and hand over your passport scans every time they ask from you. Fuck that. Binance did this to me when I got a few hundred bucks inside and I was mad af. That's why I am not creating an account on any pro-KYC services anymore.

No casino site is trustworthy without KYC. Because, that will not demand KYC from you for any big thing. That site can definitely ask you for kyc anytime or anywhere. If it happens that you are gambling with a big amount on the casino site without kyc and they ask you for kyc at a time when you are not ready to give KYC. What will happen to your account and funds then?

not only to gamble with large amounts but the big wins that we get and we want to withdraw these funds usually gambling will also ask us for KYC.
We can't avoid it all, if we still want to continue gambling with large amounts and big wins we have to keep doing KYC and for me it's not like we have to submit to the gambling platform but we only comply with the terms and conditions that have been set on the gambling platform.

Xxmodded

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Quote from: gunhell16 on December 31, 2022, 12:27:50 PM

In the eyes of others to prevent the creation of many accounts in a gambling casino, KYC is the solution they immediately think of regarding this matter. There is truth in what they say about KYC,

But from another angle, KYC is also used as an excuse by abusive casinos for other gamblers who play correctly and follow the rules, even though there is a lot of evidence that complains that there are other casinos that are making a way to not release the big winnings of a gambler who played on their platform.

I agreed with your opinion about requiring with KYC for all casino gambling participant, due risk with document using I don't think problem faced by casino gambling platform user due they don't afraid when making huge deposit amount. I think with KYC require will help many gambler from money laundering and casino adopted several countries regulation.

There are never has any mistake and problem about account suddenly suspend due huge withdrawing fund and need recovery by submitting KYC, when first time after registering then upload document ID make us easy and have guarantee with account doesn't need KYC if some time having problem with abnormal activities until withdrawing huge fund.

gunhell16

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In the eyes of others to prevent the creation of many accounts in a gambling casino, KYC is the solution they immediately think of regarding this matter. There is truth in what they say about KYC,

But from another angle, KYC is also used as an excuse by abusive casinos for other gamblers who play correctly and follow the rules, even though there is a lot of evidence that complains that there are other casinos that are making a way to not release the big winnings of a gambler who played on their platform.

AicecreaME

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Quote from: mindrust on December 31, 2022, 07:25:41 AM

Quote from: SirJohnVonSlotty on December 01, 2022, 12:21:05 PM

What would, in your opinion, be the best balance here?

Ideal KYC is no KYC. The best KYC is a dead one.

There are already zero KYC casinos which you can trust. One of them is freebitco.in. You don't have to bow your head and hand over your passport scans every time they ask from you. Fuck that. Binance did this to me when I got a few hundred bucks inside and I was mad af. That's why I am not creating an account on any pro-KYC services anymore.

There are really casinos that do not require KYC. You just have to find the ones that hold credibility and reputation so that you will get your money's worth and you won't undergo hassle and stress when you encounter troubles. Good for you that you already found one since you are not fond of verification processes.

When it comes to making an account, it's really your responsibility to check in their TOS if they require KYC before verifying your account. Binance is not a casio, it is an exchanger, and most exchangers nowadays have mandatory KYC, so you have to abide by their policies if you really want to make an account. If you don't really want that kind of process, just stick to non-KYC platforms. I think there's a thread about that topic here in forum.

Lucasgabd

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There's no need to be upset

DEX everything and go no KYC
I agree that KYC is a rule that starts dead and will incentivize bad behavior by users
Like buying documents from others or paying someone else to KYC for you

QueenVera

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Quote from: SirJohnVonSlotty on December 01, 2022, 12:21:05 PM

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

Efialtis from BTCGosu mentioned that some of the casino managers make exceptions, and I can imagine how that's possible, but I'm curious in what you would like to see there.

Quote from: efialtis on November 08, 2022, 02:11:33 PM

Regarding KYC: Their management confirmed with me personally that they would not enforce KYC. (Same old story, we could of course argue about that just like with any curacao licensed crypto casino) - the good news is when I have personal confirmation of such a statement, then I am putting a "No" and if they break their word at any point of time, I would take action. That is how I have always been handling this topic and how I will continue doing it.

I had to quote your entire topic because I do understand whatost of this casinos grow through just to please their customers who most times seem to be really inconsiderate and that isn't always fair.
Most times we the users prefer to beied to rather than accepting tye truth and trying to cop with it, we rather prefer to take short cuts that looks so promising but ends up to failure or destruction.
The moment I see a casino being licensed and duely registered, I always understand that they're automatically under a whole lot of rules and regulations themselves while still trying to please we the users.
Most times I always have to blame the users as people responsible for making this gs difficult for ourselves giving room for criminality in the gambling industry

coinerer

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Quote from: mindrust on December 31, 2022, 07:25:41 AM

Quote from: SirJohnVonSlotty on December 01, 2022, 12:21:05 PM

What would, in your opinion, be the best balance here?

Ideal KYC is no KYC. The best KYC is a dead one.

There are already zero KYC casinos which you can trust. One of them is freebitco.in. You don't have to bow your head and hand over your passport scans every time they ask from you. Fuck that. Binance did this to me when I got a few hundred bucks inside and I was mad af. That's why I am not creating an account on any pro-KYC services anymore.

No casino site is trustworthy without KYC. Because, that will not demand KYC from you for any big thing. That site can definitely ask you for kyc anytime or anywhere. If it happens that you are gambling with a big amount on the casino site without kyc and they ask you for kyc at a time when you are not ready to give KYC. What will happen to your account and funds then?

mindrust

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Quote from: SirJohnVonSlotty on December 01, 2022, 12:21:05 PM

What would, in your opinion, be the best balance here?

Ideal KYC is no KYC. The best KYC is a dead one.

There are already zero KYC casinos which you can trust. One of them is freebitco.in. You don't have to bow your head and hand over your passport scans every time they ask from you. Fuck that. Binance did this to me when I got a few hundred bucks inside and I was mad af. That's why I am not creating an account on any pro-KYC services anymore.

maydna

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Quote from: capedbaldy on December 15, 2022, 07:12:03 PM

Quote from: safari88 on December 15, 2022, 03:45:27 PM

There are a few sites where you have to identify yourself with the KYC procedure when you register your own. Actually, that is also the most honest. That way you can never get conflicts or problems with bets placed. How many times have we seen gamblers make a deposit, place a lot of bets and then the gambling site steps in to say that the KYC has not been completed or that there is fraud or something like that? It's a shame it's like this, but it's the reality. By performing the KYC immediately upon registration, you prevent a lot of problems.

You should check the casino site you are using and old users will explain KYC requests, but almost all casinos recently will ask users KYC after account registration or after deposits and withdrawals, so KYC is inevitable if betting on every casino and but we should be aware of the use of KYC to enhance account protection and prevent crime from money laundering.

More and more, we can't avoid KYC because this seems to be an obligation, and we also have to be prepared if one day a casino asks us to do KYC. And even though, for now, the casinos where we gamble don't require KYC, there is a possibility that it will happen, especially when regulators pressure the casinos to apply it to all of their members. But we can still hope that we will not be among the people asked to do KYC because we are just little gamblers trying to play gambling for fun.

Well this is something that cannot be avoided, I think the same as you, but there must be better things that come out in the future, for me one of the best platforms that do not ask for KYC is freebitco.in, and the truth is that I have played for a long time time, but I never worried about knowing if they asked for KYC, until not long ago I found out that they didn't ask for it, because I imagined that when people were going to withdraw large amounts from the platform they asked for it, so I think that here is what can be done It is that there are many options like this, and those who really like their preferred casino have to stick to their KYC criteria.

Freebitco.in is a legend that still exists today and does not ask its users to do KYC. But I don't know if the government also wants to collect more taxes on them, the site will ask its users to do KYC. But for an ideal KYC solution, maybe casinos don't need to do very strict and complete KYC. It's only enough to ask for user identity without asking for proof of income, bank proof, or other personal data so it doesn't burden most gamblers to verify their accounts. . If casinos can do this, I think many gamblers, both small and big, will do it, especially if they play gambling in a trusted casino.

alegotardo

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Unfortunately, things are changing and it's not just at online casinos, but also at exchanges and any other service that deals with cryptocurrencies.

It has been a long time (two years or more) that people could find cryptocurrencies an easy way to purchase services and products completely anonymously, today governments are very attentive to everything involving cryptocurrencies, for two reasons:

1. Bitcoin has become a real threat to many state currencies, as certain (not rare) people have discovered that it is not very complicated to live on crypto income alone.

2. Hits, hits and more hits. In the past we had a lot of cases of hacks involving millions of Bitcoins, today the values have decreased, but their correlation in Fiat has increased a lot, especially when it involves large and well-known companies in the crypto environment.

Finally, I believe that this will get worse and worse, and unfortunately everything you do will be through identification and a lot of bureaucracy.

goinmerry

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Quote from: capedbaldy on December 29, 2022, 05:01:10 PM

The black market is real maybe you never access the site that sells ID documents to thousands of data, you have to take care of ID document data not to give free on all gambling and exchange sites, we can't get around the KYC request rule but at least we have checked the reputation and rating top platform that has been recommended by forum members

Just in case you don't know, the first time we go through the process of KYC on a site, we already exposed our identity.

Don't believe too much that these companies will sell our identity to the black market.

But I'm not 100% ignoring the beliefs of others about that. So for that, then just stick with a reputable site in case of submitting KYC.

_act_

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Quote from: 8rch7 on December 29, 2022, 04:40:37 AM

Many people afraid about their document selling trough acquired when registering on some gambling casino, I don't think have easy procedure about KYC or document ID from casino gambling will sell in dark market, they have securing and regulation before adapting KYC procedure.

That is why it is good to avoid fake or scam gambling sites, after they will try to scam many users, some users can be scammed while their identity documents can be sold in the black market. A good gambling site will try to protect their customers identity documents but what if it is hacked? Also that you should not trust any company if you do not want to feel disappointed while your data has been leaked.

Quote from: 8rch7 on December 29, 2022, 04:40:37 AM

Don't be serious with KYC procedure adopted at several casino gambling because several casino is free for joining without have submit KYC, but have disadvantage with limited withdrawing without submit KYC and preparing later if account get trouble have to use KYC. Have been habit with uploading document, all exchange cryptocurrency market make necessary with uploading document ID and take selfie.

What I have noticed is that deposit is easy and it requires no KYC, but if you win and want to withdraw, or you want to withdraw from the gambling site, that is when you will know that they will request for KYC before you will be able to withdraw minimum withdraw amount.

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Quote from: 8rch7 on December 29, 2022, 04:40:37 AM

Many people afraid about their document selling trough acquired when registering on some gambling casino, I don't think have easy procedure about KYC or document ID from casino gambling will sell in dark market, they have securing and regulation before adapting KYC procedure

The black market is real maybe you never access the site that sells ID documents to thousands of data, you have to take care of ID document data not to give free on all gambling and exchange sites, we can't get around the KYC request rule but at least we have checked the reputation and rating top platform that has been recommended by forum members

Fatunad

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Quote from: coinerer on December 29, 2022, 01:41:56 AM

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Quote from: AicecreaME on December 21, 2022, 08:44:42 AM

Quote from: Pierre 2 on December 21, 2022, 03:23:08 AM

I think kyc system sort of kills the purpose of using cryptocurrencies. It feels lot more safe/independent to move my wealth through crypto because of obvious reasons. Many people prefer crypto to take a breath out of government controlled financial world.
When I think about casino side, they should always establish it in a relaxed law country. Giving exceptions to users that can move through some regulations may also help.

If you really don't want to undergo KYC, then just find another option that doesn't require one. Unfortunately though, most exchangers and casinos now require to undergo verification process before you can make an account. If you just want to have a secure place to put your crypto, one of the best option is to place it in hardware wallet or cold wallet which don't require information gathering.

However, if you are going to exchange your crypto in fiat money, you're most likely to uae an exchanger which in this current time is requiring KYC before you can process a transaction. I think it's just a matter of choosing your hard.

For me it's better to have KYC if we deposit a big amount because when we are going to withdraw our winning amount we have the assurance that our money will transacted smoothly and fast. But also we need to choose a good and legitimate casino first before we give our personal information as we all know that once you already gave your personal information you will not be anonymous anymore.

You must look for a good and trusted site to deposit a large amount and you must not deposit a large amount on a scam site or a new site or a site with a low reputation. So when you go to invest in any reputable and trusted site, kyc is not an issue and doing kyc here will not be any problem and your documents will be protect there. So KYC must be done to deposit a large amount

New sites couldnt really be having that kind of reputation on which they would really be that trusted on accepting huge deposits which i cant really blame out for those people who are really that hesitant on doing so.
We should bare up into your minds that those popular ones that we do have today are once newbie sites too, it is really just they do really be able to get that reputation and recognition on a certain period of time.
KYC solution? This is something that we should really be accepting starting now on which it is really that hard to avoid up these things considering that platforms do really
gets centralized and would be needing to go or abide with government laws and regulations.

That's why we deposit a small amount of money to a new site in order to test their services cause if they have a good services then we recommend it to our friends and leave a good and positive feedback. Yes you are right that mate once a highly recommended and trusted enough casino run nowadays they start as a newbie but with their good in handling a customer they achieve what they have right now .

kyc verification is a sensitive thing. So gambling with small amount without doing kyc verification on new sites first, it is better to do kyc after getting to know the site well. Because doing kyc on a trusted site is not a big problem. But doing kyc on a new site leaves the possibility of personal document theft .

Would really be that subjective and we arent that dumb not to notice out those new platforms been strictly enforcing verification which is something off on todays standards. Most of legit platforms
do only ask out for some verification if you have make out huge deposits which it turns out to be that a standard but if a new platform do ask out on the time that you do make out some
registration then it would really be a huge turn off and we know that kyc is highly been frowned upon on this forum or place on which it is totally opposing
on what we do like or simply talking about anonymity and decentralization.

8rch7

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Quote from: _act_ on December 29, 2022, 04:34:10 AM

Any site that you provide KYC, do not believe that the site can not sell customers KYC information, but in gambling, most gambling sites are demanding for KYC now, but giving it out to them only means you trust them but no one can be trusted when you are talking about KYC, we have seen many companies that people trusted that later give their customers KYC to another company.

We should not also expect excellent service from a gambling site because their customers comply with KYC policies, it does not mean. Only the sites that their customers re not having genuine complaints should be the most trusted.

Many people afraid about their document selling trough acquired when registering on some gambling casino, I don't think have easy procedure about KYC or document ID from casino gambling will sell in dark market, they have securing and regulation before adapting KYC procedure.

Don't be serious with KYC procedure adopted at several casino gambling because several casino is free for joining without have submit KYC, but have disadvantage with limited withdrawing without submit KYC and preparing later if account get trouble have to use KYC. Have been habit with uploading document, all exchange cryptocurrency market make necessary with uploading document ID and take selfie.

_act_

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Quote from: Sanitough on December 29, 2022, 03:28:24 AM

Just as reputable casinos are seriously asking us for our personal information details, so they can give us a fair play and a safeguarded environment, then we also have to do in return by trusting them that they will not be disclosing and become responsible on keeping our personal information safe and secured.

Any site that you provide KYC, do not believe that the site can not sell customers KYC information, but in gambling, most gambling sites are demanding for KYC now, but giving it out to them only means you trust them but no one can be trusted when you are talking about KYC, we have seen many companies that people trusted that later give their customers KYC to another company. KYC and also be breached by hackers.

We should not also expect excellent service from a gambling site because their customers comply with KYC policies, it does not mean. Only the sites that their customers are not having genuine complaints should be the most trusted.

Sanitough

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Quote from: Blawpaw on December 14, 2022, 02:37:00 PM

Quote from: SirJohnVonSlotty on December 01, 2022, 12:21:05 PM

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

Efialtis from BTCGosu mentioned that some of the casino managers make exceptions, and I can imagine how that's possible, but I'm curious in what you would like to see there.

Quote from: efialtis on November 08, 2022, 02:11:33 PM

Regarding KYC: Their management confirmed with me personally that they would not enforce KYC. (Same old story, we could of course argue about that just like with any curacao licensed crypto casino) - the good news is when I have personal confirmation of such a statement, then I am putting a "No" and if they break their word at any point of time, I would take action. That is how I have always been handling this topic and how I will continue doing it.

Dude, KYC is simply a way for the godamned government put their hands on whats not theirs. Basically, there are no solutions. Going through the KyC is a cumbersome process not only for players but also for casinos. IMO, casinos should be tring to find ways of helping customers avoiding the KYC but unfortunately, casinos are stuck with compliance and KYC is a demand to which if they not follow, their business will suffer the consequences

True. If casinos fail from KYC compliance, then they will also be in danger and might lose their license due to non-compliance. So both casinos and players are obligated to do so when it comes to KYC verification as it’s an order coming from the gambling regulatory boards. Just as reputable casinos are seriously asking us for our personal information details, so they can give us a fair play and a safeguarded environment, then we also have to do in return by trusting them that they will not be disclosing and become responsible on keeping our personal information safe and secured.

Yogee

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Quote from: Oasisman on December 29, 2022, 03:03:34 AM

Quote from: CryptoHeadlineNews on December 29, 2022, 02:05:10 AM

.....
For me, the best balance here should be that all users should be allowed to gamble without KYC and if anyone observed to carry out any suspicious activity, then such person should be mandated to either do KYC or leave the casino for good. And secondly, users should be allowed to deposit, withdraw and gamble freely without KYC, but if such individual happens to win an amount above $10k, then he/she should be asked to do KYC before withdrawing, to ensure such fund goes to the hand of the rightful owner.

That actually was being implemented with a handful of trusted crypto casinos before, when regulations was not strictly enforced yet.
I've heard of it before, that there is a certain limit wherein you can play, withdraw, and deposit without KYC compliance.
But, when you cross beyond that limit, that's the only time the casino would ask you to disclose your information, to protect you from lossing such huge amount of money stored in their platform.

I don't know where you guys are playing or betting but this "KYC later" policy is still being implemented by a lot of crypto casinos today. The withdrawal limits just varies per platform. I think it's already balance that way.

Casinos in general wants every user to enjoy playing without much regulatory hassle but they are sometimes forced to implement KYC and other identification measures. Let's admit that some users try to bypass or violate casino terms and would complain a lot when caught.

Oasisman

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Quote from: CryptoHeadlineNews on December 29, 2022, 02:05:10 AM

Quote from: SirJohnVonSlotty on December 01, 2022, 12:21:05 PM

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

For me, the best balance here should be that all users should be allowed to gamble without KYC and if anyone observed to carry out any suspicious activity, then such person should be mandated to either do KYC or leave the casino for good. And secondly, users should be allowed to deposit, withdraw and gamble freely without KYC, but if such individual happens to win an amount above $10k, then he/she should be asked to do KYC before withdrawing, to ensure such fund goes to the hand of the rightful owner.

That actually was being implemented with a handful of trusted crypto casinos before, when regulations was not strictly enforced yet.
I've heard of it before, that there is a certain limit wherein you can play, withdraw, and deposit without KYC compliance.
But, when you cross beyond that limit, that's the only time the casino would ask you to disclose your information, to protect you from lossing such huge amount of money stored in their platform.

CryptoHeadlineNews

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Quote from: SirJohnVonSlotty on December 01, 2022, 12:21:05 PM

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

For me, the best balance here should be that all users should be allowed to gamble without KYC and if anyone observed to carry out any suspicious activity, then such person should be mandated to either do KYC or leave the casino for good. And secondly, users should be allowed to deposit, withdraw and gamble freely without KYC, but if such individual happens to win an amount above $10k, then he/she should be asked to do KYC before withdrawing, to ensure such fund goes to the hand of the rightful owner.

Topic: What would be an ideal KYC solution? (Read 4960 times)