why kyc? - page 5. | Bitcointalksearch.org

adaseb

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Quote from: michkima on April 03, 2018, 04:57:15 PM

Quote from: wxa7115 on April 03, 2018, 10:36:17 AM

Quote from: XarXymtroa on April 02, 2018, 11:49:21 PM

So people don't cheat the casinos. If they think you are cheating in any way, they have every right to KYC.
What is the difference when you turn in your chips at the poker room in your city. They will usually ask for an ID. That is the only info needed since they know who you are, see you and have you on camera, unlike online shops.

If an online casino has proof that you have been cheating in some way or form and that you have violated their terms and conditions they do not need to ask for any kind of information out of you, when you try to withdraw your earnings they can just quote their terms and conditions and show proof that you violated them so to me what you are saying doesn't make sense.

Not really about cheating, more of because the governments are requiring it so that the casino can operate smoothly. I don't think the casinos will even care about your identity to be honest. They don't care about that, all they care is that you deposit something into their casino and play.

Usually casinos have a way to detect you are cheating or have already implemented the most secure way to operate their site. Also, since the casinos don't really put their money in their hot wallets anymore, and just keep a small portion in the hot wallet and the greater chunk in the cold wallet, anyone who wins big will require an approval. Hence, before anyone who cheated will be able to withdraw their winnings they will be reviewed and caught immediately.

It's very rare if not impossible to cheat casinos these days. Very rarely is there a bug that can get exploited.

Either way it's not the reason why they ask for your ID.

Most likely your deposit was suspicious and they ask and see if you freely provide it. If you don't provide it then it gets suspicious that the funds might of been acquired illegally.

michkima

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Quote from: wxa7115 on April 03, 2018, 10:36:17 AM

Quote from: XarXymtroa on April 02, 2018, 11:49:21 PM

So people don't cheat the casinos. If they think you are cheating in any way, they have every right to KYC.
What is the difference when you turn in your chips at the poker room in your city. They will usually ask for an ID. That is the only info needed since they know who you are, see you and have you on camera, unlike online shops.

If an online casino has proof that you have been cheating in some way or form and that you have violated their terms and conditions they do not need to ask for any kind of information out of you, when you try to withdraw your earnings they can just quote their terms and conditions and show proof that you violated them so to me what you are saying doesn't make sense.

Not really about cheating, more of because the governments are requiring it so that the casino can operate smoothly. I don't think the casinos will even care about your identity to be honest. They don't care about that, all they care is that you deposit something into their casino and play.

Usually casinos have a way to detect you are cheating or have already implemented the most secure way to operate their site. Also, since the casinos don't really put their money in their hot wallets anymore, and just keep a small portion in the hot wallet and the greater chunk in the cold wallet, anyone who wins big will require an approval. Hence, before anyone who cheated will be able to withdraw their winnings they will be reviewed and caught immediately.

wxa7115

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Quote from: XarXymtroa on April 02, 2018, 11:49:21 PM

So people don't cheat the casinos. If they think you are cheating in any way, they have every right to KYC.
What is the difference when you turn in your chips at the poker room in your city. They will usually ask for an ID. That is the only info needed since they know who you are, see you and have you on camera, unlike online shops.

If an online casino has proof that you have been cheating in some way or form and that you have violated their terms and conditions they do not need to ask for any kind of information out of you, when you try to withdraw your earnings they can just quote their terms and conditions and show proof that you violated them so to me what you are saying doesn't make sense.

XarXymtroa

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So people don't cheat the casinos. If they think you are cheating in any way, they have every right to KYC.
What is the difference when you turn in your chips at the poker room in your city. They will usually ask for an ID. That is the only info needed since they know who you are, see you and have you on camera, unlike online shops.

chris200x9

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Quote from: escanor_shy on April 02, 2018, 04:32:51 PM

Umm. So if a gambling site is only dealing with bitcoins or altcoins and not fiat involved, is KYC even required? And which countries mandate that? Perhaps gambling sites should incorporate in a country that doesnt have KYC required instead.

I think you need to read the thread once again to understand this topic.

Crypto gambling sites will not ask for KYC as a default but if you deposit a huge amount then they may ask while withdrawing funds and they never list any particular country but they can block withdrawals if they suspect your deposits. So to avoid these issue may consider playing with smaller amount deposits then your account may be safe.

escanor_shy

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Umm. So if a gambling site is only dealing with bitcoins or altcoins and not fiat involved, is KYC even required? And which countries mandate that? Perhaps gambling sites should incorporate in a country that doesnt have KYC required instead.

Theb

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Quote from: Patatas on March 22, 2018, 07:54:00 AM

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 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.

I guess it is related to where the site's origin country or where the gambling site is situated in is as some governments really enforce this types of regulations well. There are certain amounts where if you go over will require the website to ask for KYC. I really don't think that it is a form of gimmick as this procedure is normal if the gambling site don't want to run into trouble with the government. Between me picking up a gambling site whether they require KYC to those who do not, I would always pick the former as they are the ones who are following the law, and if things goes south then we will have certain trail that can lead to them.

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Quote from: veleten on April 01, 2018, 08:03:15 AM

Quote from: RGBKey on March 22, 2018, 05:33:02 PM

I've never seen Stake or Primedice require documents for large withdraws/wins, have I missed something? I've never played on either site and I'm not familiar with that but this isn't something I would expect them to do.

there is a player in their thread claiming that they hold his 30 bitcoins withdrawal for a couple of weeks now
even after he provided them al lthe neccessary KYC documents
I'm talking about Primedice here,but Stake is run by the same management so I guess it should be same
but the said player has not opened a scam accusation against them,so I would take it with a pinch of salt

Maybe primedice might have given him some explanation for the delay and be asking him to wait for them to finish the verification.

Quote from: marlboroza on March 31, 2018, 04:20:51 AM

Can you find one single old(fiat) gambling site which will enforce KYC on deposit?
Please, find it and post it here.

Why are comparing bitcoin casino with fiat casinos?

I fully agree that KYC should be asked before deposit not during the withdrawal time. If site worried about money laundering then they should fix maximum amount people can deposit without any KYC and if one want to deposit more than that amount then they have to go through verification process.

Pursuer

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Quote from: krypto_world on March 23, 2018, 04:44:20 AM

Quote from: FrueGreads on March 22, 2018, 12:22:16 PM

To be honest, if you care about privacy you should actually only use well know gambling sites.

my point is to create awareness among the unknown users before they get into KYC drama.

ok, but your topic without proof is an attack on these sites and nobody will just take your word for it because you are a random account on bitcointalk that doesn't even have a history around so we don't even know you!

provide solid proof that these websites you listed here asked for documents regarding KYC and we will all stay away from them. don't provide any proof and we will ignore you.

veleten

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Quote from: RGBKey on March 22, 2018, 05:33:02 PM

I've never seen Stake or Primedice require documents for large withdraws/wins, have I missed something? I've never played on either site and I'm not familiar with that but this isn't something I would expect them to do.

there is a player in their thread claiming that they hold his 30 bitcoins withdrawal for a couple of weeks now
even after he provided them al lthe neccessary KYC documents
I'm talking about Primedice here,but Stake is run by the same management so I guess it should be same
but the said player has not opened a scam accusation against them,so I would take it with a pinch of salt

Casino_Guide

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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.

The reason that they want to you to prove who you are is that of laws of money laundering. The gambling licenses are much less valuable to them than if they get in trouble with the authorities about money laundering. Therefore nearly every casino will demand KYC if you want to withdraw more than $1000 in one go. If you withdraw less than that multiple times you should be able to take out money from many casinos without required KYC.

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Quote from: Real14Hero on March 31, 2018, 05:25:03 AM

I never knew primedice ever asked for kyc while withdrawing big amounts.
Though I believe kyc is necessary for withdrawing big amounts as it safeguards the gambling website, and if you notice, the ones asking for kyc are more reputable than the others, and this reputation only let's them have the ability to ask information from its users.

I believe they never did before they found cheatsheets by users like HufflePuff who found the seed and looted the house edge badly, and was even into making more unless they decided to stop this by asking for KYC. Reference - https://bitcointalksearch.org/topic/hufflepuff-making-2k-btc-on-primedice-nov-2014-march-2015-update-he-cheated-843892
This is actually good if they are doing it in the interest of both - the users and themselves to protect both the ends from getting scammed in either ways. But, I am against regulations and if they will be doing this to present the data in front of governments, well all I have to say to such gambling sites is - FUCK OFF. When we deposit at their sites, we give their house edge a chance of the % set by them to be won at their end, but if these things will ever take place surprisingly to harass the users and not to let them withdraw - by making them stop the pursuit for their own money is ridiculous. Unfortunately, in today's world where Bitcoins have gained too much, everyone is becoming cunning under the name of, let's say, Governments asking for blah blah documents to process your withdrawals or like we need to have them for future reference that we are paying the correct person.

Patatas

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Quote from: marlboroza on March 31, 2018, 04:53:16 AM

No, I said there is nothing wrong in using proxy. Wink

Okay I got that!

I'm glad you understand!

Quote from: marlboroza on March 31, 2018, 04:53:16 AM

That is called money laundry and breaking the law.

Didn't you mean laundering ? Tongue

I agree money laundering is breaking the law and hence measures should be taken by the gambling websites to make sure it doesn't happen by taking notes of all the high figure deposits and then doing a KYC rather doing it after requesting a withdrawal.This keeps it fair enough for both the parties involved.

Real14Hero

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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.

I never knew primedice ever asked for kyc while withdrawing big amounts.
Though I believe kyc is necessary for withdrawing big amounts as it safeguards the gambling website, and if you notice, the ones asking for kyc are more reputable than the others, and this reputation only let's them have the ability to ask information from its users.

marlboroza

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Quote from: Patatas on March 31, 2018, 04:29:52 AM

Quote from: marlboroza on March 31, 2018, 04:20:51 AM

Nothing at all.
Honestly, when your tax office ask you from where did that money come from, explain to them why it came from gambling site, especially if you country banned online gambling.

So you mean to say gambling websites are enforcing KYC's so that I have a valid answer to my tax officer when questioned about my money ? That's interesting.

No, I said there is nothing wrong in using proxy. Wink

Quote from: Patatas on March 31, 2018, 04:29:52 AM

If gambling is banned in my country and yet I'm finding ways to gamble,I think I'll have my own back-ups to liquidate money as well.

That is called money laundering and breaking the law.

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Quote from: marlboroza on March 31, 2018, 04:20:51 AM

Nothing at all.
Honestly, when your tax office ask you from where did that money come from, explain to them why it came from gambling site, especially if you country banned online gambling.

So you mean to say gambling websites are enforcing KYC's so that I have a valid answer to my tax officer when questioned about my money ? That's interesting.If gambling is banned in my country and yet I'm finding ways to gamble,I think I'll have my own back-ups to liquidate money as well.

Quote from: marlboroza on March 31, 2018, 04:20:51 AM

Can you find one single old(fiat) gambling site which will enforce KYC on deposit?
Please, find it and post it here.

That is what I'm saying,they should do KYC on deposits and not only on withdrawals.

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Quote from: Patatas on March 31, 2018, 12:04:10 AM

What's wrong with using proxies ? I wouldn't like to expose my location details and I'm sure free to access the website however I want.

Nothing at all.
Honestly, when your tax office ask you from where did that money come from, explain to them why it came from gambling site, especially if you country banned online gambling.

Quote from: Patatas on March 31, 2018, 12:04:10 AM

KYC should be used before a deposit is made and not after an withdrawal is requested.

Can you find one single old(fiat) gambling site which will enforce KYC on deposit?
Please, find it and post it here.

Patatas

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Quote from: MinerHQ on March 30, 2018, 11:49:50 PM

I think if someone uses a proxy to access these sites when a site doesn't allow them to access then site may ask for your documents. But I too agree with that, if they detect something like this then they shouldn't allow for deposits until they provide the required proofs instead of blocking their withdrawals.

What's wrong with using proxies ? I wouldn't like to expose my location details and I'm sure free to access the website however I want.KYC should be used before a deposit is made and not after an withdrawal is requested.

Quote from: MinerHQ on March 30, 2018, 11:49:50 PM

I'm not sure whether it is easy for site owners to detects these deposits because they may check manually huge withdrawals but it looks all deposits are automated.

So they should be tracking deposits as well.I don't think it is very difficult to do so.

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Quote from: wxa7115 on March 30, 2018, 05:23:52 PM

Quote from: Patatas on March 22, 2018, 07:54:00 AM

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 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.

If a casino is going to ask for your documents then it needs to do that for everyone that plays in the casino, I disagree with idea of a casino that allows you to play and lose without identifying yourself but as soon as you win, you need to go through all kind of KYC policies, that seems dishonest to me because it seems that this is done not as a way to identify users but as a way to try to avoid paying them.

I think if someone uses a proxy to access these sites when a site doesn't allow them to access then site may ask for your documents. But I too agree with that, if they detect something like this then they shouldn't allow for deposits until they provide the required proofs instead of blocking their withdrawals.

I'm not sure whether it is easy for site owners to detects these deposits because they may check manually huge withdrawals but it looks all deposits are automated.

wxa7115

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Quote from: Patatas on March 22, 2018, 07:54:00 AM

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 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.

If a casino is going to ask for your documents then it needs to do that for everyone that plays in the casino, I disagree with idea of a casino that allows you to play and lose without identifying yourself but as soon as you win, you need to go through all kind of KYC policies, that seems dishonest to me because it seems that this is done not as a way to identify users but as a way to try to avoid paying them.

Topic: why kyc? - page 5. (Read 11897 times)