What would be an ideal KYC solution? - page 2.

coinerer

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Quote from: Shamm on December 28, 2022, 11:40:26 PM

Quote from: Fatunad on December 28, 2022, 06:02:33 PM

Quote from: coinerer on December 21, 2022, 10:00:53 AM

Quote from: Shamm on December 21, 2022, 09:34:54 AM

Quote from: AicecreaME on December 21, 2022, 07:44:42 AM

Quote from: Pierre 2 on December 21, 2022, 02:23:08 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 .

Shamm

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Quote from: Fatunad on December 28, 2022, 06:02:33 PM

Quote from: coinerer on December 21, 2022, 10:00:53 AM

Quote from: Shamm on December 21, 2022, 09:34:54 AM

Quote from: AicecreaME on December 21, 2022, 07:44:42 AM

Quote from: Pierre 2 on December 21, 2022, 02:23:08 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 .

LUCKMCFLY

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Quote from: maydna on December 16, 2022, 05:20:10 AM

Quote from: capedbaldy on December 15, 2022, 06:12:03 PM

Quote from: safari88 on December 15, 2022, 02:45:27 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.

Fatunad

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Quote from: coinerer on December 21, 2022, 10:00:53 AM

Quote from: Shamm on December 21, 2022, 09:34:54 AM

Quote from: AicecreaME on December 21, 2022, 07:44:42 AM

Quote from: Pierre 2 on December 21, 2022, 02:23:08 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.

Zackgeno96

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Perhaps gamblers want to go through a KYC procedure so that they have more certainty. In general, these gambling sites are also all so free to publish their company details. I think that as a gambler you are more likely to play there than on a gambling site where there is no company data at all. A fair solution for KYC would still be to perform a KYC at the time a player is about to register, or at least before they can make a deposit. This also has the advantage that a gambling site cannot come up with excuses to hold certain payouts unnecessarily.

coinerer

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Quote from: Shamm on December 21, 2022, 09:34:54 AM

Quote from: AicecreaME on December 21, 2022, 07:44:42 AM

Quote from: Pierre 2 on December 21, 2022, 02:23:08 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

348Judah

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Quote from: QueenVera on December 21, 2022, 09:33:49 AM

This is just a matter of understanding on both the part of the user and the casino.
Most times, we users tend to mount so much unnecessary pressure on this casinos even after knowing that they are subjected to some regulatory bodies and don't act on their own wills.
I've heard stories of users shy away from KYC because I see no reason why one should shy away from KYC if you know that your activities are genuine and you no have no fear of criminality then I would advice that you help this casino so their KYC

The best and lasting solution is for a gambler who doesn't mind using a kyc casino to continue using them and never complained about any requests for kyc since he had known that already while the other option is for a gambler to avoid a kyc casino if he understands that could be a loads of hectic stress on him whenever they make demands for it, there are many casinos that does not support kyc which gamblers can use, the mistake we make is in thinking a casino will adjust it policy to suit your own desires by complying to your demand which they can never do, you have to adhere to theirs in full compliance, so don't expect they will change because of your own demands.

Shamm

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Quote from: AicecreaME on December 21, 2022, 07:44:42 AM

Quote from: Pierre 2 on December 21, 2022, 02:23:08 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.

QueenVera

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This is just a matter of understanding on both the part of the user and the casino.
Most times, we users tend to mount so much unnecessary pressure on this casinos even after knowing that they are subjected to some regulatory bodies and don't act on their own wills.
I've heard stories of users shy away from KYC because I see no reason why one should shy away from KYC if you know that your activities are genuine and you no have no fear of criminality then I would advice that you help this casino so their KYC

maydna

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Quote from: Pierre 2 on December 21, 2022, 02:23:08 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.

It seems so, but we can't do anything about it and hope there will still be casinos that won't implement KYC so strictly that we, crypto gamblers, won't think too much about it. People who know crypto is the right choice to escape the government-controlled financial world will continue to try to save their money in crypto so they don't have to think about regulations that can burden crypto users. The KYC system in online crypto casinos has now developed because more and more people who know crypto make the government want to know people who use crypto through implementing KYC.

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Quote from: Pierre 2 on December 21, 2022, 02:23:08 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.

RealMalatesta

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Quote from: Pierre 2 on December 21, 2022, 02:23:08 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.

I think it is a bit about the fact that crypto and casinos or crypto and exchanges are different logics to begin with when you use them. The reality is that crypto itself, like bitcoin for example, is decentralized and that means there is no central figure that controls it, we are all in control and that means we could make it work without telling anyone who we are, not even a nickname if we do not want to.

However, if we are talking about an exchange or a casino that is run by a centralized organization, there is an owner at the top, and when you use something centralized like that then you are giving all the rights to your information away, and they can ask you for anything, it could be crypto or fiat or anything else.

Pierre 2

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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.

LUCKMCFLY

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Quote from: AmoreJaz on December 07, 2022, 05:28:09 PM

Quote from: coolcoinz on December 07, 2022, 03:30:20 PM

The best solution that I'd expect from casinos is to be straightforward and honest from the start.

If they demand KYC from everyone they should put it in their TOS and make it clear - you make an account you will be asked for KYC.
If they demand KYC at random they should stop it and want it only from users who withdraw upwards of a certain (disclosed) amount.

They should also allow users to delete accounts and allow them to request that all their data including IP and email is deleted on request. No private data should be held and processed by them and KYC verification should be done by a third party that does it professionally and doesn't store data.

there are still some licensed casinos which do not require kyc from the start as they have certain limits before they require one. like if the user exceeds their accumulated deposits or withdrawals to $2k, that's when they will ask for kyc. but if you are just a small roller, they won't ask even if it is stated on their ToS that they require kyc. but with this kind of casino, a player should always be ready to submit his kyc docs, it means, better play on a reputable site even if you are a small roller.

Well there are many policies of crypto casinos that should not exist, if we are in a casino that is really crypto, there should not be any type of limitation regarding your withdrawal, not even $2k or something, because the idea of using crypto is for skip all the rules imposed by banks, governments and sometimes it does not make much sense for a casino to have requirements similar to those of a bank, for that, it is better to use Fiat money casinos where it is known that a transfer can be made banking and they have all the data and there is total control over some user, and I don't think there is that much of a problem, but crypto casinos are now getting complicated from the start, and that makes many players leave.

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Quote from: capedbaldy on December 15, 2022, 06:12:03 PM

Quote from: safari88 on December 15, 2022, 02:45:27 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.

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Quote from: Casdinyard on December 15, 2022, 04:32:20 PM

I am not really against KYC, as it in a sense helps protect me from attacks and makes sure that nobody gets on to my precious holdings but only me. But I understand the logic behind the disapproval of implementing KYC by some users here. After all, cryptocurrency was made to offer freedom by means of decentralization and anonymity. The fact that they are implementing KYC just defeats the purpose all in all. Although for me, if you really just don't want to do KYC, which most reputable sites already implement, you must be willing to run the risk of less security given that there are no contingencies for when push comes to shove and you lose all your holdings to some hacker from who-knows-where.

At the end it is a matter of what you prefer? Do you want privacy or security? However the big problem those that would prefer some extra privacy have is that we do not have that option anymore, we do not really have a choice, everywhere you go and almost every service that you use asks for all kind of data that in many cases is not needed in order to receive the service you want, so it seems normal to me that those that are looking for privacy are not really happy with how this market is evolving, when one of its most basic premises was that their privacy will be improved.

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Quote from: safari88 on December 15, 2022, 02:45:27 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.

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Quote from: Casdinyard on December 15, 2022, 04:32:20 PM

I am not really against KYC, as it in a sense helps protect me from attacks and makes sure that nobody gets on to my precious holdings but only me. But I understand the logic behind the disapproval of implementing KYC by some users here. After all, cryptocurrency was made to offer freedom by means of decentralization and anonymity. The fact that they are implementing KYC just defeats the purpose all in all. Although for me, if you really just don't want to do KYC, which most reputable sites already implement, you must be willing to run the risk of less security given that there are no contingencies for when push comes to shove and you lose all your holdings to some hacker from who-knows-where.

We know the pro's and benefits when we do talk about KYC which you could really be having the chance on claiming or something talks about being protected but we know the essence on dealing up with crypto because

even if you do have that kind of identification or could sent out those proofs but due to irreversible characteristic of crypto then there's no way that you could assure that everything would turn out to be fine.
One of the reason on why this crypto gambling space had become that relevant and become that known and have that demand due into that anonymity and kyc does really totally oppose that
idea which is something that do really give out that kind of bad impression on the time that kyc procedure is becoming stricter.

Casdinyard

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I am not really against KYC, as it in a sense helps protect me from attacks and makes sure that nobody gets on to my precious holdings but only me. But I understand the logic behind the disapproval of implementing KYC by some users here. After all, cryptocurrency was made to offer freedom by means of decentralization and anonymity. The fact that they are implementing KYC just defeats the purpose all in all. Although for me, if you really just don't want to do KYC, which most reputable sites already implement, you must be willing to run the risk of less security given that there are no contingencies for when push comes to shove and you lose all your holdings to some hacker from who-knows-where.

safari88

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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.

Topic: What would be an ideal KYC solution? - page 2. (Read 4987 times)