Which casino would you trust more: one that requires KYC or one that doesn't? - page 7.

freedomgo

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Quote from: shield132 on June 14, 2024, 06:29:44 AM

Quote from: freedomgo on June 14, 2024, 05:23:39 AM

Let's talk about KYC and non-KYC casinos. There are many casinos in the space, and probably most of them require KYC ^{(Know Your Customer)} since they hold a license. However, some do not promote that requirement. In fact, I've read comments mentioning that there are casinos which initially claim they don't require KYC but later do, based on their own judgment.

So, if we could find a casino that genuinely adheres to what they advertise (whether as a non-KYC or KYC casino), which one would we trust to gamble with? Additionally, if you have doubts, what are the risks you might be taking that could bother you while regularly gambling at such a casino?

KYC and no-KYC have nothing to do with my trust. To be completely honest, the Curacao license doesn't matter to me because it doesn't help me as a customer, it's a formal procedure for casinos to start a gambling business legally. Honesty matters to me. Bustabit didn't have a license and wasn't asking for KYC documents years ago (I don't know if they ask for KYC today) but they are one of the most trustworthy crypto casino since 2014.

https://casino.guru/bustabit-casino-review
this is from 2023 data.

Quote from: shield132 on June 14, 2024, 06:29:44 AM

What can you do if a casino with Curacao license tries to scam you? 1xBet is a good example and answer to the question that you can't do anything. That's why honesty matters for me the most and it takes years of existence and experience for casino.

If the question is that two strange casinos are given to me and I have to choose one (KYC VS non-KYC casino), I won't choose any of them. I only choose those that I know have been running their business without an issue.

There are things we can do since they have a license, so we know whom to complain to. Although 90% of gamblers probably don't pursue complaints because the expense of filing a case might exceed the compromised amount, in my opinion, it's still better to know the people behind the casino than to gamble at a completely anonymous one. However, I agree with you that reputation matters more, and reputable casinos have built their good reputations over time. Still, I'm not sure if gamblers who bet significant amounts of money would trust them over those with both a good reputation and a complete license.

bakasabo

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Lets just stop on saying that KYC is not a trademark for quality. Everything and everyone has a price, nobody is perfect, each of us are individual. A person can pass KYC, gamble on a popular casino, but still violate (maybe even unintentionally) a rules and get banned. First thing such person would do is to run on the internet and scream that casino is a scam. Personally I would trust the casino that has more clients. I believe that demand could be a trademark of trust in this case. However, I should always gamble with cautious.

Findingnemo

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Quote from: freedomgo on June 14, 2024, 05:23:39 AM

So, if we could find a casino that genuinely adheres to what they advertise (whether as a non-KYC or KYC casino), which one would we trust to gamble with? Additionally, if you have doubts, what are the risks you might be taking that could bother you while regularly gambling at such a casino?

If there is a casino that is legitimate and meet the requirements from variety of games which include sport betting then that would be my preference and if you are new these KYC has been strictly enforced on crypto casinos in the last 2-3 years before that most of them doesn't have mandatory KYC even though they might ask later for AML in case if they feel there is something suspicious. But now casinos are supposed to have license so the KYC becomes must that really doesn't give us any choice even for the casinos to implement the frameworks given by policy makers.

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Quote from: freedomgo on June 14, 2024, 05:23:39 AM

So, if we could find a casino that genuinely adheres to what they advertise (whether as a non-KYC or KYC casino), which one would we trust to gamble with? Additionally, if you have doubts, what are the risks you might be taking that could bother you while regularly gambling at such a casino?

I sincerely don’t care too much about them adhering to asking customers complete kyc verification or not what matters is them being reputable.

Even if a user completes his/her kyc verification it would still be easy for a shady casino to still come up with a clumsy excuse just to take the players money and the user won’t have anything to do against them. So it is better to move with a casino that has good reputation and has been known to settle customers disputes or problems with good outcome not one that just comes and dictates what the customer did without any real proofs that they did it.

shield132

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Quote from: freedomgo on June 14, 2024, 05:23:39 AM

Let's talk about KYC and non-KYC casinos. There are many casinos in the space, and probably most of them require KYC ^{(Know Your Customer)} since they hold a license. However, some do not promote that requirement. In fact, I've read comments mentioning that there are casinos which initially claim they don't require KYC but later do, based on their own judgment.

So, if we could find a casino that genuinely adheres to what they advertise (whether as a non-KYC or KYC casino), which one would we trust to gamble with? Additionally, if you have doubts, what are the risks you might be taking that could bother you while regularly gambling at such a casino?

KYC and no-KYC have nothing to do with my trust. To be completely honest, the Curacao license doesn't matter to me because it doesn't help me as a customer, it's a formal procedure for casinos to start a gambling business legally. Honesty matters to me. Bustabit didn't have a license and wasn't asking for KYC documents years ago (I don't know if they ask for KYC today) but they are one of the most trustworthy crypto casino since 2014.
What can you do if a casino with Curacao license tries to scam you? 1xBet is a good example and answer to the question that you can't do anything. That's why honesty matters for me the most and it takes years of existence and experience for casino.

If the question is that two strange casinos are given to me and I have to choose one (KYC VS non-KYC casino), I won't choose any of them. I only choose those that I know have been running their business without an issue.

Japinat

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I prefer the industry standard. I guess the days are gone for those casinos who does promote decentralized and anonymous gambling because the government does not allow it anymore. Although personally I like to gamble while maintaining my anonymity, but we have to accept the reality as that does not exist anymore now, if we are looking for something "safe", it should be attached to "regulated", which means casinos with license are much safer now.

Hispo

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I believe I would personally trust more a casino which enforces the Know your Client protocol than over one which does not. It would not necessarily mean the casino not enforcing it is shady or a scam, but for a casino to be registered in some serious jurisdiction and being licensed, it is required for them to ask for information of their gamblers.
In reality, anyone with a minimal budget can start a casino, anyone with enough knowledge of coding can start their casino bot on Telegram and put the initial bankroll from their own pocket. However, it is a completely different thing to comply with the regulations and security which are asked for some regulators of the casino to get a license.
When a casino gets a license is also relatively less likely the owner will pull the rug, get all the money of the gamblers who deposited and run away with it, without nobody knowing who he is and start a serious manhunt internationally.

In the end, that is what KYC is supposed to be about is sacrificing privacy exchange for a feeling of legitimacy brom the casino. Though, I am aware it is something which does not apply 100% of the cases.

arwin100

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Quote from: freedomgo on June 14, 2024, 05:23:39 AM

Let's talk about KYC and non-KYC casinos. There are many casinos in the space, and probably most of them require KYC ^{(Know Your Customer)} since they hold a license. However, some do not promote that requirement. In fact, I've read comments mentioning that there are casinos which initially claim they don't require KYC but later do, based on their own judgment.

So, if we could find a casino that genuinely adheres to what they advertise (whether as a non-KYC or KYC casino), which one would we trust to gamble with? Additionally, if you have doubts, what are the risks you might be taking that could bother you while regularly gambling at such a casino?

Some maybe doesn't promote that since they have other good features need to highlight, so that they can make their casino look appealing to their potential costumers. Then its up for gambler to check then ask if there would be a chance that this KYC will be ask to them in future so that they would not get surprised if the casino would ask this or they just go directly to their TOS then read if there's written information regarding on this situation.

But for me as long as the casino is transparent regarding on the real situation if they ask KYC then its fine especially if they try make their platform became more compliant with the law. Same goes with non KYC compliant platform if they are transparent then there's no requirements ask if you read in there TOS then its more better since with them we can protect our identity. But we don't know if they can really run a legitimate business so the risk still high since we don't know if they turn into a scam casino or not.

AliMan

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Quote from: freedomgo on June 14, 2024, 05:23:39 AM

Let's talk about KYC and non-KYC casinos. There are many casinos in the space, and probably most of them require KYC ^{(Know Your Customer)} since they hold a license. However, some do not promote that requirement. In fact, I've read comments mentioning that there are casinos which initially claim they don't require KYC but later do, based on their own judgment.

So, if we could find a casino that genuinely adheres to what they advertise (whether as a non-KYC or KYC casino), which one would we trust to gamble with? Additionally, if you have doubts, what are the risks you might be taking that could bother you while regularly gambling at such a casino?

I would prefer to trust those casino that requires kyc rather than those who doesn't have. On that perspective the confidence will be increased and trust issue will be gone. Sometimes our human instinct put our minds negatively, that's why we need to seek supporting proof in order to remove our worries and doubts as well.

Charles-Tim

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I prefer both KYC and non KYC casinos. What I follow is the reputation of the casino. If a casino is reputed I can use it. Another thing that I consider is the casino services. If the casino is excellent in both reputation and services, I can use it to gamble. There are still non KYC casinos but which might require KYC later. That is why reading the casino terms of service is very important.

The reason some people do not like KYC casinos is for their won privacy and not about a casino to be reputed or not. Stake.com requires KYC and it is a reputable casino. Livecasino does not require KYC to an extent and it is also reputed to the community on this forum.

$crypto$

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Well at first the casino claims that they don't KYC at the beginning but in the ToS it is written that the casino can ask for your KYC at any time so this is clearly from their own judgment when you have problems and the casino investigates then eventually KYC is requested by them.

If in doubt I will move to another casino that does not KYC for small withdrawals, but so far it is still safe I do not do KYC for gambling because the reason behind it is small bets, what I think now is that when we bet a large amount and then win it then the usual monitoring by the team will be carried out which ultimately requires KYC to be done.

Assface16678

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With KYC without a doubt, as youve said most of casino right now requires KYC and there's a reason behind that, and for me I dont mind complying to that because if I get verified then I will never experience any problem when it comes to my account and when I want to withdraw some of my funds, The thing about KYC is that it became mandatory to most of casino websites because that's the way of protecting the casino and its customer and it could eliminate illicit activity that can be done inside a casino platform, like money laundering and such, and as most of casino is implementing KYC then you dont have other choice but to follow or else you will have a problem in many ways, so its your choice to follow or not, if you dont have anything to hide and you will not fo anything suspicious then just comply there's nothing wrong about it,. If your concern is your privacy because you will provide information, remember that you are already exposed by the time you connect to the internet and use social media; your information is already scattered.

freedomgo

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Let's talk about KYC and non-KYC casinos. There are many casinos in the space, and probably most of them require KYC ^{(Know Your Customer)} since they hold a license. However, some do not promote that requirement. In fact, I've read comments mentioning that there are casinos which initially claim they don't require KYC but later do, based on their own judgment.

So, if we could find a casino that genuinely adheres to what they advertise (whether as a non-KYC or KYC casino), which one would we trust to gamble with? Additionally, if you have doubts, what are the risks you might be taking that could bother you while regularly gambling at such a casino?

Topic: Which casino would you trust more: one that requires KYC or one that doesn't? - page 7. (Read 850 times)