why kyc? - page 2. | Bitcointalksearch.org

SirLancelot

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Quote from: imstillthebest on April 19, 2019, 07:56:21 AM

Quote from: Capt00 on April 19, 2019, 05:18:48 AM

Having KYC is good both side between the company and the customer, but is this case we dont know which is having a good heart not to take advantage using KYC, but I think that is good for fiat basis casino. In decentralized we can't track the transactions of crypto especially if they are good of it. So, it's up to you now to decide on which gambling site not having KYC and I think there are too many of them.

kyc ? i think its only good for the owner but not really for the user because its a hassel and we are using a crypto to stay anonymous . kyc makes being anonymous useless . and kyc in a gambling site seems strange because what i know is that kyc is only used for exchanges and when your about to invest on ico's . ive been playing on different gambling sites but so far , i dont see that one of them requires a kyc .

In my opinion, KYC is not bad. It is an extension of AML anti money laundering and this is a sought of another form of constraint and limit being imposed over crypto transactions. It is also very much in use in the gambling industry and you would have to go through this KYC thing after gambling for some time as there is a limit to the amount or number of times you bet or in case you are winning a big amount at gambling.

d2w.bet

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Let me suggest that allowing minors to gamble is a crime.
The age verification is that any responsible person would prefer to have on gambling site.
Unfortunately that is something that could not be avoided from that point of view.
Strict rules of KYC effectively restrict gambling for minors.
Or would you prefer your kid of 13 years old would gamble with real money?

guoyu78

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Quote from: d2w.bet on April 20, 2019, 08:51:56 AM

As a gambling regulated platform, we may add the following - the main reason of KYC on gambling sites is to prevent underage gambling. Minors should not be able to gamble real money, that is the rule.

The reason why regulations require documents is that very reason.
Those who do not do that are committing a crime actually

I think they may have good reasons for requesting for KYC but you should as well know that not everyone likes to drop their information’s online, they usually feel that it is not secured, especially coming from a gambling site.

There are many people who are of age to gamble but just like to do it privately, some countries even forbid their citizens from gambling and requesting for KYC may expose them in the long run.I don’t care the reasons for requesting for KYC but I will never gamble in a site that requires such and the reasons are best known to me.

prtty2gal2

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Quote from: adzino on April 20, 2019, 11:24:32 AM

Wow, I didn't know that Prime Dice required KYC if you win big. Well, I guess there are some people like me and if they gambled and won huge, they are going to be really disappointed hearing that they will have to submit their identification to claim their money. That's just sad.
Edit the error on your list. It's Crypto-games.net

.
Also, link each casinos to their announcement thread if its available. Going to be helpful for users.

Yes, primedice does and I think it is a very good idea. They do this even for the safety and security of the gamer. I don’t even see anything wrong with this, except one really have something to hide. Or maybe you and everyone who would be disappointed are not so sure of yourselves.

Personally I would say that it is for the good of the gamer, just imagine been questioned about your source your money when you win big and you are in a country where gambling is legal, you can confidently tell them the source and it can as well be tracked to be found real.

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Quote from: gabmen on April 19, 2019, 04:10:26 AM

Probably yes, but still they have your information when you wi big money. And when say information, that would include where to find you and your winnings. I know these are reputable gambling sites but i don't find it comfortable giving out my private information especially after winning a big amount.

Why do you think they should find you even you win that kind of amount? Is there any news that someone that won a lot was harassed by someone that is part of that gambling site? If there's none, there's no worrying on gambling on a trusted gambling site.

simplelisten

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Quote from: jualidbitmixer on April 21, 2019, 03:01:57 AM

how do you know about all these information? i play on primedice before and i saw a guy withdrawal so many bitcoins and he can withdrawal easily without problem and kyc. i think gambling site use kyc only for a player that had a suspicious activity on their account and for withdrawal a big money like 50 btc and more.

Well, you can see a lot of high roller in scam accusation that their account got suspended, freeze, or ban after they try to withdraw a large amount, some of this site are listed of OP. For me, I won't mind sending documents if I know that sites are very trustworthy.

joshy23

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This is helpful to us were gambling sites don't usually tells this not before you hit big prizes and i find this misleading, i believe that this must be imposed in every time player's come to play as we cryptonians are very strict in our privacy and personal details. Thank you for pointing this out and hope all the legit sites will be added on the OP for players reference

AngelSky

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This question is there on legal board as well for other reason here for gambling reasons.

What is the use of getting KYC information collecting from the gamblers, I think that they need to show the wallet address to receive fund they won from the gambling site but why they required to know our personal information?

Gambling sites needs to stop asking KYC details from their users. If continous it will reduce the users from the kyc required gambling sites.

Pearls Before Swine

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Quote from: goaldigger on April 20, 2019, 07:13:29 PM

Sometimes KYC is not scary knowing the site you are playing for is legit and i dont have any negative thoughts about that.

Perhaps not scary and even possibly comforting, but I would never want to provide my docs to an online casino. Even if what I am engaged in is fully above the line. If a casino knows who you are, it is a certainty that some other organization will find out who you are and what you have been doing.

The fault for this kyc craziness lies not with the casinos as far as I can tell, but with gov't regulators that require businesses that deal with large amounts of money transactions to know who they are dealing with. Those regulators presumably are trying to keep money from being laundered, but it is a huge blow to everyone's privacy and I am against it. Fully.

Quote from: GregH37 on April 21, 2019, 10:48:57 AM

I think it is very risky especially when you come from a country like mine that don’t really support us gambling that much, and Peradventure you commit any offense, you can easily be tracked down

That's an even worse situation where the kyc procedure could make a person paranoid. Stick with casinos that don't do kyc if they're reputable enough.

rodel caling

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Quote from: piloder on March 22, 2018, 08:17:59 AM

Quote from: krypto_world on March 22, 2018, 08:11:40 AM

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Can you also include reference to prove your claims that this sites will ask for documents when you will win big?

Although sharing your personal documents with trusted sites might not hurt your personal privacy.

Correct sir for transparency and to be fair for the site pointing by op as their proofs

Quote from: jualidbitmixer on April 21, 2019, 03:01:57 AM

how do you know about all these information? i play on primedice before and i saw a guy withdrawal so many bitcoins and he can withdrawal easily without problem and kyc. i think gambling site use kyc only for a player that had a suspicious activity on their account and for withdrawal a big money like 50 btc and more.

That's the reason why I am asking proof from the op because without proof there's nothing people can convince about the allegations.

GregH37

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Quote from: jademaxsuy on April 20, 2019, 11:37:49 AM

One must be very careful in making deposits on sites that does not require KYC. As we all know that KYC is very useful when it comes to tracking a user. This means that a government has required this and the platform is being regulated or having the license to operate from the government.

If not, then there is no legal.action taken on that platform. This is why I.was thinking that those gambling sites does not require KYC could possibly will going to.cheat or having less electronic consumer protection.

Still, one should even be more careful in submitting KYC with gambling sites. I think it is very risky especially when you come from a country like mine that don’t really support us gambling that much, and Peradventure you commit any offense, you can easily be tracked down, And it is not true that sites that do not request for KYC cheats, they just have a policy and that is all, I have a number of reputable sites that I have participated in their games and they do not request for KYC, which makes that your ideology is baseless.

roosbit

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Quote from: Patatas on March 22, 2018, 09:14:15 AM

Quote from: krypto_world on March 22, 2018, 09:10:41 AM

Quote from: Patatas on March 22, 2018, 08:54:00 AM

Quote from: krypto_world on March 22, 2018, 08:11:40 AM

If you guys care about privacy while gambling better re-think before you make a deposit. below you can find a list of casinos which ask/ don't ask for KYC after winning big amounts

I agree with you here.If a casino enforces doing KYC after winning a good amount of money,they should be doing the same before money is being deposited on the account.This is a small gimmick every low graded untrustworthy casino will perform to steal from players as they know people are hesitant towards submitting documents online especially if gambling is not legal in their jurisdiction.

After KYC,there is another gimmick called "Security Procedures" which kinda works the same way.

Just wondering how admins would respond if users ask for admins personal documents after a player/user losing a huge amount Huh

Their logic is : They love anonymity and want all their operations to be anonymous until it comes to paying out huge amounts.Then suddenly they introduce all sorts of new terms and conditions as part of their "standard procedures", "KYC requirements " or "security verification".

I remember FortuneJack took around 3 months to process someone's 0.50 btc withdrawals as they were investigating the win lol

This is quite painful and As far as I know most players that use these casinos which claim not to have KYC attract players that don't have the required docs like passports and all or are just not willing to put out there personal data out there for fear of misuse of data.
So if problems arise resolving such drags on forever.

JohnBitCo

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Quote from: jualidbitmixer on April 21, 2019, 03:01:57 AM

how do you know about all these information? i play on primedice before and i saw a guy withdrawal so many bitcoins and he can withdrawal easily without problem and kyc. i think gambling site use kyc only for a player that had a suspicious activity on their account and for withdrawal a big money like 50 btc and more.

Why will the casino require KYC on withdrawal of 50btc or more ? For sure, anyone has one this much amount and he therefore initiated the withdrawal.
If the KYC is to prevent the hacking, then it is useless because hacker can withdrawal all the money even without KYC if the site is compromised.

jualidbitmixer

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how do you know about all these information? i play on primedice before and i saw a guy withdrawal so many bitcoins and he can withdrawal easily without problem and kyc. i think gambling site use kyc only for a player that had a suspicious activity on their account and for withdrawal a big money like 50 btc and more.

playboy654

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More than the privacy the safety is more important for your money for this their new implementation are very helpful and I seen that KYC is also like that if we do some problems happened in our transaction the KYC will easily helpful for you to get back the money without the problem that is the main factors and advantages with the implementation of KYC.

onrise

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Quote from: noormcs5 on April 21, 2019, 02:33:00 AM

Quote from: RasenShuriken on April 20, 2019, 09:22:51 PM

If you care about your privacy so much then it would be better if you are not even betting. Come on, and why would you protect your privacy so much until you cannot give your privacy.

There can be a number of reason to prevent the privacy. Maybe any one is playing gambling where gamblers are not have good say in the society and therefore one may not disclose he is doing gambling. Similarly anyone might be living in a place where gambling is prohibited and if he is found playing gambling he may have to face the court of law etc.

I think many of the online gambling sites where they require KYC people are afraid considering they are unsure about the trust factor that gets involved when you submit your documents to them. So in order to safeguard their identity people avoid such sites.

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Quote from: Oasisman on April 20, 2019, 08:53:57 PM

Quote from: goaldigger on April 20, 2019, 07:13:29 PM

Most of the time, it's just to try and delay the withdrawal.

Sounds convincing. The big question is, why would these gambling or casino websites ask KYC only if a player win big amount of money, why they didnt ask KYC before a player can proceed to play in their website. Im thinking there will be another reason for that aside from just delaying the withdrawal.

With large withdrawals, KYC verification is required. Some bookmakers want to verify the identity of the owner and complete some legal requirements when the government agency checks large transaction amounts. Also, verify to avoid money laundering of some black credit institutions.

noormcs5

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Quote from: RasenShuriken on April 20, 2019, 09:22:51 PM

If you care about your privacy so much then it would be better if you are not even betting. Come on, and why would you protect your privacy so much until you cannot give your privacy.

There can be a number of reason to prevent the privacy. Maybe any one is playing gambling where gamblers are not have good say in the society and therefore one may not disclose he is doing gambling. Similarly anyone might be living in a place where gambling is prohibited and if he is found playing gambling he may have to face the court of law etc.

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Quote from: perla on April 21, 2019, 12:36:28 AM

Quote from: semobo on April 19, 2019, 09:41:03 AM

Quote from: perla on April 19, 2019, 05:55:24 AM

See from what OP said, it is only for who deposit with a big amount of money. I think some gambling site need to protect themself for something bad that come from it. It will be different if they are put KYC on all members because gambling will be good if we stay anonym.

It is not about depositing huge amount,when someone win too much money from bets then some gambling sites were asking to prove that they are real person? Even happened with many reputed sites in the recent days so which can give bad reputation for that site when they are asking only to cashout huge rewards.

If about that, honestly i am not agree too. Because when we win huge rewards in a betting site, it means we get it with our own luck and not with anything. Gambling is game with luck, but if there are no choice to follow it, it is better to follow that rules instead of we lose all our money.

And remember to choose a recommended gambling site because if they ask about KYC, then they are very concern with their member and they want to give protection to their member.

As long as we can follow their rule and we don't do anything bad against them, I think they will allow us to withdraw big money if somehow we win the game. They don't have the right to delay the withdraw because we always obey them and we don't break any of the rules.

But that will not be a guarantee with all of the gambling site because there will be any gambling site which still not paying their member even if their member has following their rules without objection.

perla

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Quote from: semobo on April 19, 2019, 09:41:03 AM

Quote from: perla on April 19, 2019, 05:55:24 AM

See from what OP said, it is only for who deposit with a big amount of money. I think some gambling site need to protect themself for something bad that come from it. It will be different if they are put KYC on all members because gambling will be good if we stay anonym.

It is not about depositing huge amount,when someone win too much money from bets then some gambling sites were asking to prove that they are real person? Even happened with many reputed sites in the recent days so which can give bad reputation for that site when they are asking only to cashout huge rewards.

If about that, honestly i am not agree too. Because when we win huge rewards in a betting site, it means we get it with our own luck and not with anything. Gambling is game with luck, but if there are no choice to follow it, it is better to follow that rules instead of we lose all our money.

Topic: why kyc? - page 2. (Read 11886 times)