KYC does not verify a players identity, it simply verifies that the specified documentation has been submitted.
KYC and AML regulations and procedures do not stop money laundering. Those involved in that activity find
their way around regulations because they are highly incentivized to do so.
Pre-verified accounts are being bought and sold online by enterprising individuals who are addressing a
demand in an emerging market.
The inconvenience and the cost of KYC procedures is therefore borne by the majority of ordinary users who have no intention
of breaking any laws, they simply do not wish to risk having their personal identity documents stolen when a casino's database is inevitably hacked.
Topic: What would be an ideal KYC solution? - page 3. (Read 4987 times)
Quote
I won't say new if I say that the ideal KYC is no KYC at all, but probably giving less personal data will be an ideal KYC. Because even KYC can be faked. Which makes passing it a joke. Taking a photo or video of the login process with KYC will be more than enough to prove that the accounts belong to you.
That's right here Sir because it's true that the KYC can be cheated, especially if there is no video call or if there is, the person talking may have been oriented by the gambler and there was an agreement between the KYC owner.
Even a video call can’t avoid KYC being cheated since they don’t get initial information of the customer before they ask KYC. The casino has no proof for the real owner so anyone can do the KYC with or without video call involved. Some casino ask personal information of players during registration but most of the big casino doesn’t require this since most player doesn’t preferred it due to there safety of privacy.
So even with KYC a cheater can still cheat the casino by paying someone to KYC for his account.
- You are right in what you mentioned, boss, an abusive gambler will do anything just to get what he wants. Giving KYC is easy to cheat, but is there another way to avoid cheating at a casino, right?
But most the gamblers don't want KYC, it's just that the rules on a casino platform are not adjusted correctly so that their players can be very comfortable in their gambling.
hero member
Activity: 2912
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Leading Crypto Sports Betting & Casino Platform
Quote
I won't say new if I say that the ideal KYC is no KYC at all, but probably giving less personal data will be an ideal KYC. Because even KYC can be faked. Which makes passing it a joke. Taking a photo or video of the login process with KYC will be more than enough to prove that the accounts belong to you.
That's right here Sir because it's true that the KYC can be cheated, especially if there is no video call or if there is, the person talking may have been oriented by the gambler and there was an agreement between the KYC owner.
Even a video call can’t avoid KYC being cheated since they don’t get initial information of the customer before they ask KYC. The casino has no proof for the real owner so anyone can do the KYC with or without video call involved. Some casino ask personal information of players during registration but most of the big casino doesn’t require this since most player doesn’t preferred it due to there safety of privacy.
So even with KYC a cheater can still cheat the casino by paying someone to KYC for his account.
Most crypto casinos do not ask for personal information and only ask for email addresses and passwords. But the casino will apply KYC for gamblers, especially those who often get big wins or deposit and withdraw large amounts of money or if the casino notices any suspicious activity from the gambler. A cheater can trick the casino but the casino will not sit idly by and see this happen. Casinos will definitely set up even stricter KYC, even if it's a crypto casino.
You can technically conclude that both are safe. Online you have advanced software, but I don't think he can mess with it. Gamblers have indicated that they wager higher amounts much faster online. You will not see the money, but only a number. That is very different from sitting at a roulette table. At an online casino you have many more games, it just depends on what you like. That is alldetermining whether you play in a casino or live casino.
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.
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.
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.
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
It would not be the first time I have seen some of them saying some non-sense around here in the forum for the sake of trolling, I guess.
Also, I assume that casinos and exchanges ask for real time verification of one's face because a simple picture or scan of one's document would not reveal security measures printed on the document, like ultraviolet ink or holograms. So at least with face verification they can be somewhat sure it is not an identity theft case.
We have to allow all regulation from casino gambling trough required with KYC or not, I don't think have serious problem when submitting KYC in casino account because we have upload document ID on exchange market although have been collapse like FTX. Securing or not our document used in casino gambling later actually depend with how reputation from one casino, I think we know about experience and trusted casino allowed for KYC.
Don't blame with any one still not agree with KYC in casino gambling, you can get many casino not requiring with KYC but you have accepted term term of service limited withdrawing and depositing your fund.
Reputation will always be the key. I don't mind sending my information to a well-known gambling platform. It's just the same as how I trust a reputable exchange with my details to enable maximizing the withdrawal limit benefits. Because that's just how it is, when they grow bigger as a company they tend to be a target by the government using the money laundering act.Don't blame with any one still not agree with KYC in casino gambling, you can get many casino not requiring with KYC but you have accepted term term of service limited withdrawing and depositing your fund.
What I don't really like about KYC's is the annual updates, I think they should stretch this up to 2-3 years before they re-check the players if they are changes with their profiles.
Consider the casino that;
- makes a choice to operate in a jurisdiction that does not require them to implement kyc procedures through regulation.
- chooses a jurisdiction that offers no legal protection to the player.
- selectively imposes a "kyc" like policy on the player, but only does so in instances in which it is to it's own financial advantage.
-publicly states through multiple marketing channels that it never witholds funds from players.
-witholds players funds as a means of coercion in order to obtain data of high commercial value which they sell to any interested parties who are prepared to pay the price.
- quotes "regulatory requirements" when asked to justify their behaviour, in full knowledge that they operate outside of any legal framework.
- actively encourages players directly and indirectly to create multiple accounts, offering level up bonuses and other incentives on those alts, then banning those accounts before they have to payout those bonuses.
-uses the excuse of multi accounting, which they encouraged, to deny paying out to players.
Then ask yourself what kind of person would promote such a casino. I suggest you do your homework before you promote stake.com here in this forum.
However why this 1xbit spammers are saying KYC casino is good? what I know 1xbit is a casino that doesn't require KYC, so does this mean 1xbit is a bad casino? 
Well what do we expect from them? They are from the 1xbit team. They are different from the legit users in the forum so they may like things that we didn't like. Casinos that don't require a KYC doesn't automatically mean that they are a good casino. 1xbit can require or won't require a KYC but it won't change the fact that they are still a shady casino.It will be hard to detect a fake document, that is why each KYC verification requires the users to scan their face in real time and they will follow a certain instruction. That way the system knows that they are dealing with a real person and that person is the same to the person that they see in the submitted ID.
Quote
I won't say new if I say that the ideal KYC is no KYC at all, but probably giving less personal data will be an ideal KYC. Because even KYC can be faked. Which makes passing it a joke. Taking a photo or video of the login process with KYC will be more than enough to prove that the accounts belong to you.
That's right here Sir because it's true that the KYC can be cheated, especially if there is no video call or if there is, the person talking may have been oriented by the gambler and there was an agreement between the KYC owner.
Even a video call can’t avoid KYC being cheated since they don’t get initial information of the customer before they ask KYC. The casino has no proof for the real owner so anyone can do the KYC with or without video call involved. Some casino ask personal information of players during registration but most of the big casino doesn’t require this since most player doesn’t preferred it due to there safety of privacy.
So even with KYC a cheater can still cheat the casino by paying someone to KYC for his account.
Quote
How many of you, posting on this topic, have been asked to pass KYC to a casino? How many of you have been asked to pass KYC after winning money hell? I can't say that I gamble online every day, bet billions and immediately register at every new casino, but I have never been asked to pass KYC to casinos. The only kind of weird thing that casinos have asked me to do is add 2FA during withdrawals. Strange that they didn't ask to add 2FA when depositing.
It's a bit strange Sir, and I think it's safer if 2FA is activated because only you will know the code and no one else will and it can't be cheated either. The casino you mention is good if that's the case.Quote
I won't say new if I say that the ideal KYC is no KYC at all, but probably giving less personal data will be an ideal KYC. Because even KYC can be faked. Which makes passing it a joke. Taking a photo or video of the login process with KYC will be more than enough to prove that the accounts belong to you.
That's right here Sir because it's true that the KYC can be cheated, especially if there is no video call or if there is, the person talking may have been oriented by the gambler and there was an agreement between the KYC owner.
How many of you, that posted in this topic, were asked to pass KYC in a casino? How many of you were asked to pass KYC after winning hell out of money? I cant say that I gamble online every day, have wagered billions and immediately register at every new casino, but I have never been asked to pass KYC in casinos. The only kind of weird stuff I was asked to do by casinos is to add 2FA while withdrawing. Strange that they did not ask to add 2FA when depositing
I wont say new if I say that ideal KYC is no KYC at all, but probably giving less personal data will be an ideal KYC. Because also KYC can be faked. Which makes passing it a joke. Making a photo or video of login process with KYC will be more than enough to prove that accounts belongs to you.
I wont say new if I say that ideal KYC is no KYC at all, but probably giving less personal data will be an ideal KYC. Because also KYC can be faked. Which makes passing it a joke. Making a photo or video of login process with KYC will be more than enough to prove that accounts belongs to you.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
This is quite smart and would be possible. It would be interesting to see how the casinos would battle an influx of fake documents... This would most likely create another completely opposite industry (e.g. software to detect fake documents).
Maybe falsification of documents to verify gambling accounts can happen. Still, it won't happen forever because the casino will look for ways to prevent it. Maybe later, there will be face identification of each gambler so that the casino will know that the account owner is really valid. We have seen that some exchanges are already doing face verification and this may also be implemented in casinos that want to have real members with the documents they have.Some people still do falsification of documents because some casinos' security isn't tight yet regarding this matter. This is the reason why some underage people are able to make an account despite the age limit stated on the TOS of the casino. Although most likely in the future this will also be resolved since the technology is now advancing continuously. Precautionary measure such as KYC can limit the illegal activities that could be done inside the casinos. It also serves as a good way to verify the identity of the person making an account, but as of now there are loopholes such as the aforementioned that needs to be addressed.
Some exchangers are indeed doing face recognitions before you can successfully make an account. This is to verify that you are really the holder of the identification card and it is not just stolen or bought from someone. This might be implemented in casinos too if they will prioritize security and exclusivity of their site to those who can only pass the requirements needed to open an account.
Actually, KYC for casinos is currently also needed to anticipate illegal activities where casinos certainly don't want to be associated with that activity. And this makes casinos pay attention to KYC issues, even though not all casinos will implement KYC for all of their members and only for some members.
Fortunately I will say that a casino verification is something that will determine or attest that this person is credible and also part of the platform by 4 ft documentation to the platform but some people do not like to accept some verification of kyc in a platform because I find it very difficult to verify why it is something that protect you from having a miss found in your account
KYC is good most time to verify the identities of users and need to be less for requirements. Some casinos asking for KYC do have another purposes for this which is why many gamblers do not like to use a KYC casinos. I can see that some of the verification is to ensure the users identities so that there will be less complains from users a out account problem or difficulties. I'm going to quote both of you for shitposting and spamming the thread with your never-ending 1xbit signature. Did 1xbit tell you to tell people that an Identify account would aid in the identification of people's funds? That is deceptive, and please refrain from disseminating false information. What happened to the emails and mobile numbers they all requested? I believe the same 1xbit has that option, as well as an ID number for each player/user.
KYC is a choice, and I will continue to refuse it. Only if you know how the mini war that has been going on with Binance and some users on Twitter space these few days, you would not want anyone to know your identity because they will come after you both online and offline, you must not trust anyone with your documents.
I'm happy to see an intelligent response. Reading through the forum in the last days, l'm left with the image of the parasite that poisons the host from which it feeds by shitting in its own food supply, and a host who's health is in rapid decline.
This is quite smart and would be possible. It would be interesting to see how the casinos would battle an influx of fake documents... This would most likely create another completely opposite industry (e.g. software to detect fake documents).
Maybe falsification of documents to verify gambling accounts can happen. Still, it won't happen forever because the casino will look for ways to prevent it. Maybe later, there will be face identification of each gambler so that the casino will know that the account owner is really valid. We have seen that some exchanges are already doing face verification and this may also be implemented in casinos that want to have real members with the documents they have.Some people still do falsification of documents because some casinos' security isn't tight yet regarding this matter. This is the reason why some underage people are able to make an account despite the age limit stated on the TOS of the casino. Although most likely in the future this will also be resolved since the technology is now advancing continuously. Precautionary measure such as KYC can limit the illegal activities that could be done inside the casinos. It also serves as a good way to verify the identity of the person making an account, but as of now there are loopholes such as the aforementioned that needs to be addressed.
Some exchangers are indeed doing face recognitions before you can successfully make an account. This is to verify that you are really the holder of the identification card and it is not just stolen or bought from someone. This might be implemented in casinos too if they will prioritize security and exclusivity of their site to those who can only pass the requirements needed to open an account.
We have to allow all regulation from casino gambling trough required with KYC or not, I don't think have serious problem when submitting KYC in casino account because we have upload document ID on exchange market although have been collapse like FTX. Securing or not our document used in casino gambling later actually depend with how reputation from one casino, I think we know about experience and trusted casino allowed for KYC.
Don't blame with any one still not agree with KYC in casino gambling, you can get many casino not requiring with KYC but you have accepted term term of service limited withdrawing and depositing your fund.
Reputation will always be the key. I don't mind sending my information to a well-known gambling platform. It's just the same as how I trust a reputable exchange with my details to enable maximizing the withdrawal limit benefits. Because that's just how it is, when they grow bigger as a company they tend to be a target by the government using the money laundering act.Don't blame with any one still not agree with KYC in casino gambling, you can get many casino not requiring with KYC but you have accepted term term of service limited withdrawing and depositing your fund.
What I don't really like about KYC's is the annual updates, I think they should stretch this up to 2-3 years before they re-check the players if they are changes with their profiles.
We have to allow all regulation from casino gambling trough required with KYC or not, I don't think have serious problem when submitting KYC in casino account because we have upload document ID on exchange market although have been collapse like FTX. Securing or not our document used in casino gambling later actually depend with how reputation from one casino, I think we know about experience and trusted casino allowed for KYC.
Don't blame with any one still not agree with KYC in casino gambling, you can get many casino not requiring with KYC but you have accepted term term of service limited withdrawing and depositing your fund.
Reputation will always be the key. I don't mind sending my information to a well-known gambling platform. It's just the same as how I trust a reputable exchange with my details to enable maximizing the withdrawal limit benefits. Because that's just how it is, when they grow bigger as a company they tend to be a target by the government using the money laundering act.Don't blame with any one still not agree with KYC in casino gambling, you can get many casino not requiring with KYC but you have accepted term term of service limited withdrawing and depositing your fund.
What I don't really like about KYC's is the annual updates, I think they should stretch this up to 2-3 years before they re-check the players if they are changes with their profiles.
KYC seems here to stay already even the decentralized casinos that are yet not asking for KYC may actually ask if they are sanctioned. There is Betfury and the likes, I think they are not asking KYC AFAIK but until when?
Crypto is regulated. We're likely not going to escape this regulation unless you completely isolate yourself to a close crypto community with unknown coin.
Well, the truth is that up to now Betfury has not had any problem with it, however, it must be pointed out that when there are things like casinos, or exchanges that are decentralized, there will always be problems when things do not go well, the player cannot be wrong because to have Attention must also be difficult to obtain, however, a casino that does not ask for KYC or a pkatafrma that does not ask for KYC is freebitco.in and everything has turned out wonderfully, if they can I think it is a reason for others to do it too something to soften this requirement, perhaps they are not so radical with that part of rigorously demanding KYC but rather they ask for it in a very simple way without so many required papers or documentation.Crypto is regulated. We're likely not going to escape this regulation unless you completely isolate yourself to a close crypto community with unknown coin.
We have to allow all regulation from casino gambling trough required with KYC or not, I don't think have serious problem when submitting KYC in casino account because we have upload document ID on exchange market although have been collapse like FTX. Securing or not our document used in casino gambling later actually depend with how reputation from one casino, I think we know about experience and trusted casino allowed for KYC.
Don't blame with any one still not agree with KYC in casino gambling, you can get many casino not requiring with KYC but you have accepted term term of service limited withdrawing and depositing your fund.
Don't blame with any one still not agree with KYC in casino gambling, you can get many casino not requiring with KYC but you have accepted term term of service limited withdrawing and depositing your fund.
Fortunately I will say that a casino verification is something that will determine or attest that this person is credible and also part of the platform by 4 ft documentation to the platform but some people do not like to accept some verification of kyc in a platform because I find it very difficult to verify why it is something that protect you from having a miss found in your account
KYC is good most time to verify the identities of users and need to be less for requirements. Some casinos asking for KYC do have another purposes for this which is why many gamblers do not like to use a KYC casinos. I can see that some of the verification is to ensure the users identities so that there will be less complains from users a out account problem or difficulties. I'm going to quote both of you for shitposting and spamming the thread with your never-ending 1xbit signature. Did 1xbit tell you to tell people that an Identify account would aid in the identification of people's funds? That is deceptive, and please refrain from disseminating false information. What happened to the emails and mobile numbers they all requested? I believe the same 1xbit has that option, as well as an ID number for each player/user.
KYC is a choice, and I will continue to refuse it. Only if you know how the mini war that has been going on with Binance and some users on Twitter space these few days, you would not want anyone to know your identity because they will come after you both online and offline, you must not trust anyone with your documents.
This thing is very easy but it also all depends on how we the users see this things.
Most times we should not blame this casinos because this things aren't in their control and they also have regulations they have to stick to and abide by.
Just as this gambling regulatory bodies are the hope of the common gambler, we also have to know that there are law that wouldn't favour us the users.
One thing is sure that if this casinos were to work on their on principles and policies, they would want to dance to every tune of the common player but most times they have to follow the policies of the regulatory bodies.
Most times we should not blame this casinos because this things aren't in their control and they also have regulations they have to stick to and abide by.
Just as this gambling regulatory bodies are the hope of the common gambler, we also have to know that there are law that wouldn't favour us the users.
One thing is sure that if this casinos were to work on their on principles and policies, they would want to dance to every tune of the common player but most times they have to follow the policies of the regulatory bodies.
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