Y hs giving out our private information become a normal thing in the name of KYC

Dr.Bitcoin_Strange

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Quote from: DaNNy001 on June 19, 2024, 10:51:48 AM

Quote from: Dr.Bitcoin_Strange on June 16, 2024, 12:00:15 PM

Quote from: khiholangkang on June 16, 2024, 07:44:07 AM

And there are also casinos that do not require KYC to their customers either withdrawing funds or depositing funds, but for the average standard now the casino imposes KYC for its customers who want to be in their gambling, this is still quite normal in my opinion today even though we have a fear of leakage of our personal data.

Just like you said, it's better for a gambler to first read and understand the rules of the casino before using it. If the gambler is trying to avoid KYC, then they should avoid casinos that request KYC and use casinos that don't require them to do KYC before they can gamble and withdraw. There are some web3 casinos now where you just have to create your account and connect your wallet to start gambling, and after you have won, you can easily withdraw to your crypto wallet as well.

Some people are after ones personally informations because they want to sell it or use them for fraud activities, the truth is casino won't stop demanding for KYC anytime soon because that has been part of their system. They are also demanding KYC for their own benefits in other to protect their own business reputation. Actually it won't be bad if they keep a good quality security in other to protect their customers details at all cost.

The truth is that regulated casinos will never stop asking for their customers to be KYC'd. If they don't ask for it immediately after registration, they will still ask for it later. Like I already said, any customer that doesn't want to pass KYC should use a Web3 casino that is not regulated and doesn't request KYC. For most of us here who are crypto enthusiasts, we can tell the risk that is attached to KYC. I believe that is why the OP is asking the KYC question because there are some casinos that can also be shady; they just want to get customer details that they could use for illegal activities at the end.

khiholangkang

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Quote from: DaNNy001 on June 19, 2024, 10:51:48 AM

Quote from: Dr.Bitcoin_Strange on June 16, 2024, 12:00:15 PM

Quote from: khiholangkang on June 16, 2024, 07:44:07 AM

And there are also casinos that do not require KYC to their customers either withdrawing funds or depositing funds, but for the average standard now the casino imposes KYC for its customers who want to be in their gambling, this is still quite normal in my opinion today even though we have a fear of leakage of our personal data.

Just like you said, it's better for a gambler to first read and understand the rules of the casino before using it. If the gambler is trying to avoid KYC, then they should avoid casinos that request KYC and use casinos that don't require them to do KYC before they can gamble and withdraw. There are some web3 casinos now where you just have to create your account and connect your wallet to start gambling, and after you have won, you can easily withdraw to your crypto wallet as well.

Some people are after ones personally informations because they want to sell it or use them for fraud activities, the truth is casino won't stop demanding for KYC anytime soon because that has been part of their system. They are also demanding KYC for their own benefits in other to protect their own business reputation. Actually it won't be bad if they keep a good quality security in other to protect their customers details at all cost.

Of course that's what we expect from casinos, they take very seriously the personal data of their customers because it is a valuable data that when used wrongly it will cause chaos to someone who is used for misuse of personal data, such as in illegal trading or fraud as you mentioned.

It is true what Dr.Bitcoin_Strange said that gamblers must first read the rules in the casino because there are what is allowed and not allowed and customer conditions in the casino, so with web3 casinos there needs to be a guarantee that they are really fair and the popularity that you want to use must have the best reputation or popularity at the standard level.

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Quote from: DaNNy001 on June 19, 2024, 10:51:48 AM

Some people are after ones personally informations because they want to sell it or use them for fraud activities, the truth is casino won't stop demanding for KYC anytime soon because that has been part of their system. They are also demanding KYC for their own benefits in other to protect their own business reputation. Actually it won't be bad if they keep a good quality security in other to protect their customers details at all cost.

So don't let your identity be handed over to a less reputable platform, it will usually be a scam where the platform sells your identity on the black market.

Not from part of the system because the casino is now centralized so KYC will definitely be needed for their legality against existing regulations because the casino already has a license, KYC will automatically be required later considering there are already rules.

I'm sure most casinos will protect the identity of their customers, they won't divulge it so it's safe, although there is a slight concern... Now casinos are still KYC friendly with small withdrawals so use those casinos.

DaNNy001

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Quote from: Dr.Bitcoin_Strange on June 16, 2024, 12:00:15 PM

Quote from: khiholangkang on June 16, 2024, 07:44:07 AM

And there are also casinos that do not require KYC to their customers either withdrawing funds or depositing funds, but for the average standard now the casino imposes KYC for its customers who want to be in their gambling, this is still quite normal in my opinion today even though we have a fear of leakage of our personal data.

Just like you said, it's better for a gambler to first read and understand the rules of the casino before using it. If the gambler is trying to avoid KYC, then they should avoid casinos that request KYC and use casinos that don't require them to do KYC before they can gamble and withdraw. There are some web3 casinos now where you just have to create your account and connect your wallet to start gambling, and after you have won, you can easily withdraw to your crypto wallet as well.

Some people are after ones personally informations because they want to sell it or use them for fraud activities, the truth is casino won't stop demanding for KYC anytime soon because that has been part of their system. They are also demanding KYC for their own benefits in other to protect their own business reputation. Actually it won't be bad if they keep a good quality security in other to protect their customers details at all cost.

aioc

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Quote from: Mrbluntzy on June 15, 2024, 06:46:11 AM

guys, why is it that giving off our private information for the sake of passing KYC on casino platform became a normal things?

Then how do you go about it? Is it their way of proving if you are multi-accounting or if you are capable of sustaining your bankroll, it either you play on Web3 casinos or play on physical casinos or go for it.

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Some gamblers are explorers in the aspect of visiting and using every new casino they see. They don't bother about the risk of giving out their KYC information to every new casino they come across.

You don't do that. Doing KYC involves trust, so gamblers should not immediately go for KYC or play big money until they establish their reputation and gain your trust.

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Let us all not forget about the risk that is attached to any KYC information that enters the wrong hand of scammers or fraudsters. If you must give out your KYC information, let it be to a reputable casino. I realized that sometimes the casino will force some of you to pass KYC after you have won a big amount of money. They will force you to do your KYC before you can withdraw.

That should always be the way if you're an irresponsible gambler, you will do the right thing and that is to check and research the status of the casino that you are going to play, and you should also be good at doing that.

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Quote from: Mrbluntzy on June 15, 2024, 06:46:11 AM

guys, why is it that giving off our private information for the sake of passing KYC on casino platform became a normal things?

Many of us become hostage of the casino. You register, don't get asked for anything, all you get is a line in ToS saying more or less that that casino does not require it unless there's a suspicion or large amount of money being used. Nevertheless, the casino has the right to ask for it whenever it pleases.
People ignore this thinking they'll probably lose anyway, so they start to gamble and then suddenly they win and can't withdraw because the casino wants KYC.
It's either you get sell your date for the privilege of getting the money out, or you don't and lose the win.

tread93

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Quote from: Mrbluntzy on June 15, 2024, 06:46:11 AM

guys, why is it that giving off our private information for the sake of passing KYC on casino platform became a normal things?

Some gamblers are explorers in the aspect of visiting and using every new casino they see. They don't bother about the risk of giving out their KYC information to every new casino they come across.

Let us all not forget about the risk that is attached to any KYC information that enters the wrong hand of scammers or fraudsters. If you must give out your KYC information, let it be to a reputable casino. I realized that sometimes the casino will force some of you to pass KYC after you have won a big amount of money. They will force you to do your KYC before you can withdraw.

May I remind us that we should only use reputable casino and be mindful of the casino that we give out our KYC details. If a casino gets hacked, our details can as well be stolen by those hackers.

There was a reputable casino on this forum that got hacked some years ago if you can remember. If reputable casino can be hacked, it means you guys need to be careful with non reputable casinos.

I wish KYC could be taken down securely, with a promise that your information won’t be hacked or sold. It would be fantastic if there were some sort of governing body that would impose fines on companies who let this information get hacked due to lack of cyber security in order to encourage companies to have higher security standards. Unfortunately companies usually spend the bare minimum on this stuff.

bangjoe

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Quote from: Uhwuchukwu53 on June 15, 2024, 02:36:32 PM

Quote from: bangjoe on June 15, 2024, 07:07:42 AM

I really don't want the casino that I use today to experience hacking to leak their customer data because that is the most important part of every member who registers there, why do I do KYC because I really want to continue playing, withdrawing and taking money if I occasionally get a win, as simple as that.

If we look further, there are certainly casinos that have a good reputation for being hacked but we also see that it is more vulnerable to hackers whether casinos that are regulated or illegal, from here I can also conclude which is the best and which one I will take for the place where I gamble even though I have to do KYC, but at least they have guarantees for the security of their customer data.

The truth remain within the ridge of statement which you have stated, but in my own perspective we have already know that anything that requires your details is risky but one must also apply some smartness to avoid those deep danger just hangjoe is saying weather regulated or not one really need play it's casino on where he deem it safe. But most if the platform where KYC is required to check how safety it's is necessary on how they can secure their customers never to release or make one identity public to hackers, that is why a gambler must be able to know the real sight to gamble mostly when KYC is required.

To be honest this is quite easy to decide, but it does sometimes become a dilemma because it is necessary to provide data to the casino, people who are not used to it and or have experienced bad things before with their data this will be something that troubles them, however whether or not KYC is enforced either before or after I think the response depends on one's experience as well in going through this process.

KYC days are normal and not a problem, if we don't want it then we just need to leave the casino and leave the money that you might want to withdraw, and find a new casino again, and that is a natural consequence for today.

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Quote from: Dr.Bitcoin_Strange on June 17, 2024, 04:57:55 AM

Is there any Web3 wallet apart from the self-custodial wallet and the exchange wallet? That's what I don't know about, man.

Nope, it's a self-custodial wallet, most people branding self-custodial wallet that accept NFT and can be used to connect to sites as web 3 wallet, that's why people keep calling web 3 wallet instead of self-custodial wallet.

Quote from: wiss19 on June 17, 2024, 01:23:33 AM

A gambler should only complete KYC at a platform that they know they will use all the time and they should make sure that the platform is trusted and reputable so that their personal details aren't compromised or used in wrong ways. Completing KYC isn't necessary all the time.

All casinos always say they will protect the gamblers' personal details since their sites are really secure including the trusted casino. But, any centralized casinos are prone to get hacked, so if you ever verify your account, you need to accept if your personal data would be used by someone.

Dr.Bitcoin_Strange

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Quote from: ginsan on June 16, 2024, 12:38:09 PM

And yes web3 casino is a concern today because it does not require KYC to access it is much easier because it only connects our web3 wallet, but be careful using the wallet because we don't know what will happen, keep using a special wallet for gambling instead of using the main wallet.

Is there any Web3 wallet apart from the self-custodial wallet and the exchange wallet? That's what I don't know about, man. To gamble on the Web3 casino, you will connect your personal wallet (self-custodial), and only a dumb person will go ahead and use their main wallet, which contains all their assets. While gambling in such a casino, it is better to create a special wallet that you will only be using for that casino.

lovesmayfamilis

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I know cases of conducting KYC with dummies. Players who have already been exposed in some casinos find simpletons who are ready to show their documents for a few dollars. There are especially many such people in poor areas, where people do not know how to use the Internet. I think that the casino should be well aware of such points that if a person needs to remain anonymous, especially someone who uses the casino for money laundering, he will find a lot of options. Therefore, passing the KYC does more harm to the clients themselves than to protecting the casino.

wiss19

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There is no doubt about that, gamblers aren't supposed to complete KYC at every platform they join even if they are explorers and are trying out all the platforms it's not always safe to do that because some new platforms might not have good intentions and they might misuse the information. Even if they don't use them for any illegal purposes themselves, they can sell the details to third-party services and websites that might use them for purposes you don't like.

A gambler should only complete KYC at a platform that they know they will use all the time and they should make sure that the platform is trusted and reputable so that their personal details aren't compromised or used in wrong ways. Completing KYC isn't necessary all the time.

Slow death

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It is true that doing KYC in many casinos is something that exposes people to the risk of seeing their documents being leaked in a scam casino or in a casino targeted by hackers, but unfortunately casinos and people have no other choice, everyone needs to comply with kyc, in this article for example they explain some advantages of kyc:

Quote from: https://www.idnow.io/blog/importance-of-kyc-in-online-casinos/

Know Your Customer (KYC) is a process used by online casinos and other online gambling platforms to:

Verify the age and identities of customers

Ascertain whether identity documents are legit

Detect risk factors, such as problem gambling (gambling addiction, affordability issues).

KYC is an essential part of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations in many countries. Adhering to these regulations protects operators from reputational or monetary risks, and safeguards customers and national economies.

Besides preventing fraud and guaranteeing compliance with age restrictions, KYC helps operators ensure responsible gambling measures and filter out problem gamblers. By monitoring customers’ gambling activity and evaluating their spending patterns, operators can identify those at risk of developing gambling problems, such as gambling addiction.

source: https://www.idnow.io/blog/importance-of-kyc-in-online-casinos/

KYC also helps casinos to prevent bonus abusers, detect cheaters, so when you look at this side, we can see that casinos need kyc, but also license providers force casinos to charge kyc, so it's a scenario in which even if we are facing a new casino that we can consider suspicious, still if we want to use that new casino while it is asking for kyc, then we have no other choice, we will need to do kyc at that new casino. the number of cases involving documents leaked in a casino over the last 5 years, I think it is a very low number, at least I have not heard reports of it being constant that casinos are targets of hackers or that it is constant that casinos leak documents of people

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Quote from: Mrbluntzy on June 15, 2024, 06:46:11 AM

guys, why is it that giving off our private information for the sake of passing KYC on casino platform became a normal things?

Some gamblers are explorers in the aspect of visiting and using every new casino they see. They don't bother about the risk of giving out their KYC information to every new casino they come across.

Let us all not forget about the risk that is attached to any KYC information that enters the wrong hand of scammers or fraudsters. If you must give out your KYC information, let it be to a reputable casino. I realized that sometimes the casino will force some of you to pass KYC after you have won a big amount of money. They will force you to do your KYC before you can withdraw.

May I remind us that we should only use reputable casino and be mindful of the casino that we give out our KYC details. If a casino gets hacked, our details can as well be stolen by those hackers.

There was a reputable casino on this forum that got hacked some years ago if you can remember. If reputable casino can be hacked, it means you guys need to be careful with non reputable casinos.

Cause it’s not like the casino’s gonna send ur identity details to a cesspool planet of hackers and assassins who will take care of your sorry ass. Most of these casinos even have the one and done style of KYC assuming that it’s all they need. For the most part they were right, and even if they do get attacked and hackers get a hold of your account through their database, I don't think the identities of their users are going to be the prize they'd be looking for, unless there's some notable people they could blackmail money out of, which again, is not you, so yeah.

Nothing wrong with it in my opinion, KYC that is. In some cases it’s much better to give out your info. The casino doesn’t know what to do with it.

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Quote from: Mrbluntzy on June 15, 2024, 06:46:11 AM

May I remind us that we should only use reputable casino and be mindful of the casino that we give out our KYC details. If a casino gets hacked, our details can as well be stolen by those hackers.

While we ought to be careful of which casinos we get registered on,to avoid getting our information sold out or possibly stolen, we also need to understand that there's little to what we can do about it... Do we have casinos that don't request for KYCs at all? Are you aware of the risk that's involved in unlicensed casinos?

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There was a reputable casino on this forum that got hacked some years ago if you can remember. If reputable casino can be hacked, it means you guys need to be careful with non reputable casinos.

how does it really make sense to you that you made references to an event about a reputable casino getting hacked, then you end up advising us to avoid non reputable casinos? Do you not believe that roobet could possibly get hacked?

STT

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Its the exchange to FIAT that requires all background information checking I think, if its purely crypto that it shouldnt be such a big deal. That used to be true but maybe not so much.

In theory I can trade anything back and forth, Bitcoin started out alongside the old trading cards and developed from there. Surely just swapping baseball cards back and forth doesn't require all that kind of security but as soon as it goes near to FIAT cash then you step into the realm of global governance.

2 main reasons things changed, Bitcoin got big it used to be hundreds now the entire thing is over a trillion so its gigantic and I guess it got attention. The other reason would be the liquidity and fungible trading, its far easier to use now so its monitored for laundering or any funding going to crime etc. They go after money when they are opposing some criminal activity so it figures just from that.

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Quote from: Mrbluntzy on June 15, 2024, 06:46:11 AM

guys, why is it that giving off our private information for the sake of passing KYC on casino platform became a normal things?

Some gamblers are explorers in the aspect of visiting and using every new casino they see. They don't bother about the risk of giving out their KYC information to every new casino they come across.

Let us all not forget about the risk that is attached to any KYC information that enters the wrong hand of scammers or fraudsters. If you must give out your KYC information, let it be to a reputable casino. I realized that sometimes the casino will force some of you to pass KYC after you have won a big amount of money. They will force you to do your KYC before you can withdraw.

May I remind us that we should only use reputable casino and be mindful of the casino that we give out our KYC details. If a casino gets hacked, our details can as well be stolen by those hackers.

There was a reputable casino on this forum that got hacked some years ago if you can remember. If reputable casino can be hacked, it means you guys need to be careful with non reputable casinos.

We shouldn't ignore those hacking issues, it's really so serious and I believed most gamblers are vulnerable of the attacks. KYC information can be very rampant and data privacy breach might have caused your identity to be cloned by these devilish anonymous hackers. Private information became norm but I don't think we shouldn't trust those unreputable casinos, since other related sites hasn't verified to be legitimate as well.

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Quote from: Mrbluntzy on June 15, 2024, 06:46:11 AM

May I remind us that we should only use reputable casino and be mindful of the casino that we give out our KYC details. If a casino gets hacked, our details can as well be stolen by those hackers.

There was a reputable casino on this forum that got hacked some years ago if you can remember. If reputable casino can be hacked, it means you guys need to be careful with non reputable casinos.

You are two sided person and I don't really understand which you are supporting. You aren't satisfied with why people are given out something private to some companies because they want to play in their platform and guy went ahead to say to give it to reputable casino. My question now is how do you even differenciate between a reputable casino and the one we shouldn't submit our KYC into since you are using reputation as a yardstick like anything is not going to happen later.

I'm not a person that likes casino gambling, a phone number is a I need to gamble in the casino that I used and nothing like KYC is needed but at the same time, I think some people don't have choice but to verified since most of the casinos you see around including the one you referred to as "reputable" all want you to verify before you can use one. It's always difficult to see a casino that doesn't ask for KYC these days but I think majority don't care if it's kyc or not as long as their deposit and withdrawal option is working.

tabas

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In every service that we use online for our KYC even the banks, they're also prone to hacking if they play easy with their security. And why it had become a normal thing to pass on KYC? I guess that the community has agreed to accept things lightly with that based on the experience of many and every time someone who's going to gamble in with the expectation of going home big, they're already expecting that soon they'd be KYCed. Lucky me that bc.game is kyc-free on me or it's just that I am not as big as the others.

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Quote from: famososMuertos on June 15, 2024, 11:01:21 PM

OP you mention that KYC has become normal, when it has not been, the Casinos have their TOC, that is the verification route of the user-players to understand the required levels of verification, then we must add the abuse that some have casinos to delay payments due to the demands of absurd documentation, when a level 1 should work in most cases, that is an abuse that has become normal in "Chinos" Casinos or with a bad reputation, only play in recognized casinos.

How many casinos now requires a KYC? I think there is a bunch of them, like over 80%. So, the OP is actually right that KYC has become a norm here. Not only here actually but on other fields too like crypto trading or when using an exchange and then by simply using a wallet for storing a crypto, as some wallets are not decentralized. Casinos should be fair and transparent to state the required documents for a certain level of KYC (if it works like this) as most casinos that I visit only have 1 level of KYC.

At the end of the day, we are still a customer and they are the owners. They can do what they want, including demanding us an extra document. We need to follow it or else, we lose our hard-earned money.

Topic: Y hs giving out our private information become a normal thing in the name of KYC (Read 332 times)