why kyc? - page 4. | Bitcointalksearch.org

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Capt00 on April 19, 2019, 04:18:48 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 .

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

Quote from: krypto_world on March 22, 2018, 07:11:40 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

List of sites asks for KYC if you win the big amount.

STAKE
PRIMEDICE
FORTUNE-JACK

BITSLER

List of sites which don't request for kyc after winning big amounts.

YOLODICE
JUST-DICE
999DICE
CRYPTO_GAMES
BITCOINRUSH

I will try my best to Update this post every day. would be much appreciated if you guys mention the other sites in the comments.

First you need to let us know any official statement from these sites that they will demand KYC in case any big amount is Won. This should not be the case. If any casino what to implement KYC, they should do it irrespective of the winning amounts. (although i am not in the favor of KYC in gambling).

perla

hero member

Activity: 1932

Merit: 504

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.

Johnzky

member

Activity: 616

Merit: 30

Quote from: krypto_world on March 22, 2018, 07:11:40 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

List of sites asks for KYC if you win the big amount.

STAKE
PRIMEDICE
FORTUNE-JACK

BITSLER

List of sites which don't request for kyc after winning big amounts.

YOLODICE
JUST-DICE
999DICE
CRYPTO_GAMES
BITCOINRUSH

I will try my best to Update this post every day. would be much appreciated if you guys mention the other sites in the comments.

Better you also put some proofs of this gambling sites asking or not kyc after winning big amount or just even their threads on which indicating this claims for the enlightenment of each individuals who wanted to play on their site to won’t be surprised when lucky to winn big money

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: adaseb on April 06, 2018, 01:54:08 AM

Quote from: steveabrahams on April 06, 2018, 01:34:10 AM

Well i agreed why the gambling sites ask US when we won big on their site but if we won small and withdrawal, they will not question it. Well maybe it's for their safety and at least you still can withdraw your money though. Stake and Primedice are trustable, so if i ever win big on that sites, i will do KYC if they need it.

This is not the issue.

It doesn't matter if you deposit $1 worth of Bitcoin and win $1 million and try and withdraw.

Most of these KYC issues with ID are because the deposited funds need to be verified for legitamitacy.

Say that hacker who stole Bitfinex funds about 2 years back sends some funds to a gambling site.

He deposits 20 BTC takes 1 bet and tries and withdraw 19.99 BTC, it will get halted and investigated.

KYC helps to prevent a scenario like this, if its a good gambling site then no need to worry about your personal details. If its a big amount they should really ask for some legitimacy and don't allow it without providing their personal details. Most of the gambling sites are free to withdraw if its a small amount but if its too much, they will ask you to update your account profile.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: hyunee on April 18, 2019, 12:57:49 PM

I don't really care about giving KYC because I will not get to win a big price. May I ask, why are they wanting you to give your information?

You don't care with it because you have no choice and you have to comply so that you can get your money. If you won't comply to their KYC implementation, you will let your money sit on them forever so that's why you need to take actions with it.

Why they want our info? same with the exchanges, it is either they are following a strict rule from their country that if ever someone wins a big pot, they have to send reports about that to their gov't including the identity of the winner.

Capt00

full member

Activity: 938

Merit: 105

Quote from: omonuyak on April 19, 2019, 03:58:57 AM

Though cryptocurrencies and blockchain technology is decentralized and anything related to kyc shouldn't be part of it but the scamming activities and evil people using the decentralized nature of cryptocurrencies business to do their evil things again the gambling and casino business should be check. I think we need to know those that won big funds and what to withdraw those funds.

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.

omonuyak

sr. member

Activity: 882

Merit: 269

Though cryptocurrencies and blockchain technology is decentralized and anything related to kyc shouldn't be part of it but the scamming activities and evil people using the decentralized nature of cryptocurrencies business to do their evil things again the gambling and casino business should be check. I think we need to know those that won big funds and what to withdraw those funds.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: r1a2y3m4 on April 18, 2019, 01:54:01 PM

Quote from: game-protect on April 18, 2019, 01:31:35 PM

KYC is often used as a scam tactic!

Because if you lose (even millions) they will never ask for KYC and give your losses back. Grin

Witty but I don't agree.

Quote from: krypto_world on March 22, 2018, 07:11:40 AM

List of sites asks for KYC if you win the big amount.

STAKE
PRIMEDICE
FORTUNE-JACK

BITSLER

These sites are reputable and made a good reputation to all. So I think that there is no scam tactic in here.

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.

monalia

member

Activity: 685

Merit: 14

It is actually good to verify the KYC while you are making from the gambling site. You need to show the proof of earning from the gambling by approving it. In that aspects we can consider the KYC verification is also useful.
If you want to transfer the fund without KYC verification means person required anonymous features to earn the BTC without any problem.

r1a2y3m4

full member

Activity: 504

Merit: 127

Match365> be a part of 150BTC inviting bonus

Quote from: game-protect on April 18, 2019, 01:31:35 PM

KYC is often used as a scam tactic!

Because if you lose (even millions) they will never ask for KYC and give your losses back. Grin

Witty but I don't agree.

Quote from: krypto_world on March 22, 2018, 07:11:40 AM

List of sites asks for KYC if you win the big amount.

STAKE
PRIMEDICE
FORTUNE-JACK

BITSLER

These sites are reputable and made a good reputation to all. So I think that there is no scam tactic in here.

game-protect

hero member

Activity: 1344

Merit: 507

KYC is often used as a scam tactic!

Because if you lose (even millions) they will never ask for KYC and give your losses back. Grin

hyunee

full member

Activity: 476

Merit: 100

Quote from: krypto_world on March 22, 2018, 07:11:40 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 don't really care about giving KYC because I will not get to win a big price. May I ask, why are they wanting you to give your information?

Why? Can you money launder their casino just by winning? If money laundering is their concern why don't they ask for KYC at the first place.

morrisgonzalez

jr. member

Activity: 98

Merit: 1

Kyc for security purpose kyc means a form with some personal information. It's necessary for transaction, kyc secure the transaction. In order to properly use a bitcoin exchange, you will need to complete a “Know-Your-Customer” (KYC) verification procedure. There are some steps in kyc like confirming mobile number, providing personal id. Kyc process ensure exchange safely and it's necessary for use bitcoin exchange.

Coinster

full member

Activity: 222

Merit: 101

Quote from: marlboroza on March 22, 2018, 09:24:03 AM

To be honest all fiat casinos are enforcing KYC and with all this regulations and buzz around crypto I think we might see KYC in every crypto site, not only casinos. It is just matter of time.

I think there is a danger of that. Of course the KYC for casinos is really all about keeping governments big and in power, as they want to collect taxes on everything.. It's not about money laundering. We've seen large banks launder money to drug cartels with nothing happening but a slap on the wrist and/or easily payable fine.

For now it's a cat and mouse game of crypto services trying to stay a step ahead of creeping registration. We need to proactively educate the public about why govs really want to have all info on their living activities. It's all about staying in power and further growing that power.

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: adaseb on April 06, 2018, 01:54:08 AM

It doesn't matter if you deposit $1 worth of Bitcoin and win $1 million and try and withdraw.

The problem is ,KYC is not done while the amount is deposited.It should be.

Quote from: adaseb on April 06, 2018, 01:54:08 AM

Most of these KYC issues with ID are because the deposited funds need to be verified for legitamitacy.

Why ? Do the players ask gambling websites to show their legitimacy by asking for valid licenses ? They don't ? Fact is,gambling websites which enforce KYC during withdrawals without an appropriate reason are straight robbers.

Quote from: adaseb on April 06, 2018, 01:54:08 AM

Say that hacker who stole Bitfinex funds about 2 years back sends some funds to a gambling site.

He deposits 20 BTC takes 1 bet and tries and withdraw 19.99 BTC, it will get halted and investigated.

Why should he be stopped ? Say someone invests in a house around 50 bitcoins,would he be asked for a KYC ? NO.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: Roboabhishek on April 06, 2018, 08:57:46 AM

Quote from: piloder on March 22, 2018, 07:17:59 AM

Quote from: krypto_world on March 22, 2018, 07:11:40 AM

STAKE
PRIMEDICE
FORTUNE-JACK
BITSLER

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.

What he's saying is actually true. Recently a guy won huge amount on PD around 34 I guess and PD asked him to complete KYC formalities which he did. I am not sure if he's paid or not but chances are low since I've been seeing him regularly posting on their main thread about the withdraw.

Not all people would really be comfortable on sharing up their information but if theres nothing to hide towards your identity then it wont really be an issue for you to agree on such terms which been required.If you do win big if they would ask you documents then you wont have any choice but to give it to them.Winning those big amounts of bitcoin can really put you into decisions which you dont like but money will always matter.

Roboabhishek

hero member

Activity: 882

Merit: 528

Quote from: piloder on March 22, 2018, 07:17:59 AM

Quote from: krypto_world on March 22, 2018, 07:11:40 AM

STAKE
PRIMEDICE
FORTUNE-JACK
BITSLER

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.

What he's saying is actually true. Recently a guy won huge amount on PD around 34 I guess and PD asked him to complete KYC formalities which he did. I am not sure if he's paid or not but chances are low since I've been seeing him regularly posting on their main thread about the withdraw.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: steveabrahams on April 06, 2018, 01:34:10 AM

Well i agreed why the gambling sites ask US when we won big on their site but if we won small and withdrawal, they will not question it. Well maybe it's for their safety and at least you still can withdraw your money though. Stake and Primedice are trustable, so if i ever win big on that sites, i will do KYC if they need it.

This is not the issue.

It doesn't matter if you deposit $1 worth of Bitcoin and win $1 million and try and withdraw.

Most of these KYC issues with ID are because the deposited funds need to be verified for legitamitacy.

Say that hacker who stole Bitfinex funds about 2 years back sends some funds to a gambling site.

He deposits 20 BTC takes 1 bet and tries and withdraw 19.99 BTC, it will get halted and investigated.

steveabrahams

sr. member

Activity: 1050

Merit: 254

Well i agreed why the gambling sites ask US when we won big on their site but if we won small and withdrawal, they will not question it. Well maybe it's for their safety and at least you still can withdraw your money though. Stake and Primedice are trustable, so if i ever win big on that sites, i will do KYC if they need it.

Topic: why kyc? - page 4. (Read 11897 times)