Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
Basically, it's not so important if you were only using small amounts for that but since if you are using big amounts of money for that and the platform may need to know the source from the platform. I think that some platforms have been mentioning this rule in their website too. I meant they must be compliance with the regulation sometimes. The only problem when platform was using this power to abuse its users. I meant after its users win lots of money and they unable to withdraw it due to the strict KYC requirement. 
Topic: Zero KYC tolerance gambling platforms - page 11. (Read 4811 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
I see no reason why anyone with clear intentions, should be running away from KYC especially on a reputable platform, expect your intentions aren't genuine enough. Most sites which has to do with money most times gets to ask for KYC to avoid malicious activities and criminality on its sites. But There are other sites that wouldn't ask fo KYC initially for some little deposit but as time goes on, and your balance increases, there might be restrictions on your account which might require KYC.
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
I see no reason why anyone with clear intentions, should be running away from KYC especially on a reputable platform, expect your intentions aren't genuine enough. Most sites which has to do with money most times gets to ask for KYC to avoid malicious activities and criminality on its sites. But There are other sites that wouldn't ask fo KYC initially for some little deposit but as time goes on, and your balance increases, there might be restrictions on your account which might require KYC.
Casinos are implementing it for the benefit of both parties. It will a good way to control money laundering because casinos are protecting their reputation against scammers and launderers. We might doubt it since we're going to provide our personal details but it will help us have assurance when it comes to security. It could stop illegal activities as well.
Thats true. Many casinos are still not asking for kyc if you're just an average gambler. Often, it's for whale gamblers who are using huge money to gamble and they're strict when it comes withdrawal. Expect for a verification if you exceeds the certain limit, hence gamblers must be prepared for this scenario to happen. Casinos need to abide the law of the Government to operate legally, as you have pointed out, this is for the benefit of the casino and the gamblers.
A lot of casinos don't ask KYC unless you are a high roller. If you don't wanna test every casino for thier TOS, you can just search each casino whether they have had KYC issues before. You'd be more confident to bet on those with no issues and scam accusations. The best that you can do if you are just protecting your identity I think is just don't deposit a huge amount.
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
Basically, it's not so important if you were only using small amounts for that but since if you are using big amounts of money for that and the platform may need to know the source from the platform. I think that some platforms have been mentioning this rule in their website too. I meant they must be compliance with the regulation sometimes. The only problem when platform was using this power to abuse its users. I meant after its users win lots of money and they unable to withdraw it due to the strict KYC requirement. 
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
It's one way for them to detect multi accounts so it's still important even though it's related to the regulations. Nitrobetting doesn't require KYC but I haven't tried their gambling site yet since I couldn't access their site these past several weeks. This thread might also help since both of you asked the same question and are looking for gambling sites without KYC. 
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
Basically, it's not so important if you were only using small amounts for that but since if you are using big amounts of money for that and the platform may need to know the source from the platform. I think that some platforms have been mentioning this rule in their website too. I meant they must be compliance with the regulation sometimes. The only problem when platform was using this power to abuse its users. I meant after its users win lots of money and they unable to withdraw it due to the strict KYC requirement. Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
^It is tested that the most successful gambling casinos were centralized gambling casinos which they are obeying which jurisdiction they have been registered. KYC has a good impact on any financial institution, it lessens all kinds of cybercrime because of this KYC procedure, no more abusing alt accounts, no more money laundering and even scamming other players, because your real identity has been exposed, and anytime you can trace. However, we have still a lot of decentralized gambling casinos, but choose only those that give transparency which is publicly seen to easy to verify others.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Most gambling casinos require users passing KYC just to comply with regulations laws as well as protect their platform and their users from money launders.
There are currently many casinos that will claim to be a zero KYC casino, but I will advice you not to trust any of them as they can ask a user to pass kyc verification at any given point, most especially when the user wins or tries to withdraw a significant amount of money, so better take note of this and always have your documents ready for such circumstances.
We don't need to look for other alternative casinos even though they offer zero KYC but they end up also requiring users to KYC verification. In addition, new casinos are at high risk because they do not yet have the reputation and trust of the community, so the factors are asset freezing, unfair gambling, unfriendly, etc. So there is no reason for new casino options to avoid KYC.There are currently many casinos that will claim to be a zero KYC casino, but I will advice you not to trust any of them as they can ask a user to pass kyc verification at any given point, most especially when the user wins or tries to withdraw a significant amount of money, so better take note of this and always have your documents ready for such circumstances.
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
You can't be using many gambling websites without verification forever, and if you win big amount of money all the time, than you are probably going to be asked to verify.For me best casino I know is Sportsbet for betting on sport events, but you have to accept risk with all gambling websites you are using.
I had bad experience with fortunejack so I don't recommend them because they can ask verification for withdrawing low amount of coins.
If you want to be totally sure than you can create p2p betting system with your friends or in forum using trusted third member as escrow.
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
This is not something that most casinos would have liked to implement but since those are the regulations passed by the governments then they will under some circumstances ask for your information, in fact there has been cases of casinos which claimed they will not ever ask for any kind of verification but eventually they gave up and they now ask for that information, so unfortunately I think we are slowly reaching the point in which it is impossible to gamble in this market without identifying yourself.Expect this to most gambling sites with gaming license.
However, some of these licensed casinos are not asking their players' their kyc if you are a small roller.
Some of them are stating in their ToS that if your deposit is below $2k, they won't ask KYC.
But if you have big winnings, expect that they may require you to submit your docs before withdrawal.
Non-licensed casinos usually don't ask KYC, but the possibility of being screwed is always there.
So it is your choice if you want to play in a trustworthy casino or not.
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
This is not something that most casinos would have liked to implement but since those are the regulations passed by the governments then they will under some circumstances ask for your information, in fact there has been cases of casinos which claimed they will not ever ask for any kind of verification but eventually they gave up and they now ask for that information, so unfortunately I think we are slowly reaching the point in which it is impossible to gamble in this market without identifying yourself. 
Most gambling casinos require users passing KYC just to comply with regulations laws as well as protect their platform and their users from money launders.
There are currently many casinos that will claim to be a zero KYC casino, but I will advice you not to trust any of them as they can ask a user to pass kyc verification at any given point, most especially when the user wins or tries to withdraw a significant amount of money, so better take note of this and always have your documents ready for such circumstances.
We don't need to look for other alternative casinos even though they offer zero KYC but they end up also requiring users to KYC verification. In addition, new casinos are at high risk because they do not yet have the reputation and trust of the community, so the factors are asset freezing, unfair gambling, unfriendly, etc. So there is no reason for new casino options to avoid KYC. There are currently many casinos that will claim to be a zero KYC casino, but I will advice you not to trust any of them as they can ask a user to pass kyc verification at any given point, most especially when the user wins or tries to withdraw a significant amount of money, so better take note of this and always have your documents ready for such circumstances.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
Most gambling casinos require users passing KYC just to comply with regulations laws as well as protect their platform and their users from money launders.There are currently many casinos that will claim to be a zero KYC casino, but I will advice you not to trust any of them as they can ask a user to pass kyc verification at any given point, most especially when the user wins or tries to withdraw a significant amount of money, so better take note of this and always have your documents ready for such circumstances.
It's a rather common hoax, but in reality this has nothing to do with regulation otherwise they would require it for every customers like exchanges are doing, and casinos without KYC wouldn't exist.
I beg to differ. I believe we all remember when binance (since you mentioned exchanges as example) used to let their customers use their services without identity verification as long as they don't withdraw more than 1btc/day, if memory serves me well. This changed when binance become more popular. It's just a matter of time before all crypto casinos start enforcing kyc, too.But I agree with the second part of your comment. Most of them use this kyc thing to scam their customers.
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
Essentially it is less about knowing the casino is safe and more about understanding that KYC generally symbolizes that the owners live in jurisdictions which might start to pursue them if things end up badly. It should not be relied on by itself and you should definitely get a "feel" for whether the process is being handled in the most professional manner, because you are essentially handing over very sensitive and important copies of documents that could be used to commit fraud against you if falling into the wrong hands. I actually feel safer going through such a process, as long as everything else about the gambling site fits - but it's something you only get a feel for after quite a bit of practice.
Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?
When you are licensed or being regulated then expect that casino platforms would be asking verification or KYC but there are ones who doesnt impose it strictly which does simply means that you could play without anyproblems or verifications as long you arent doing something shady which would poke out their security measures.But on the time that you are already making out deposits then this is where verification do happens.Why?
Since these platforms are regulated then of course government or regulators do always monitor out when it comes to money laundering.This had always be the main reason
on speaking or talking about KYC requirement.
There are multiple websites available where you wouldn't require KYC to play and win. However, every online casino has a tolerance limit. If you play and win within their tolerance limit, you should not have any problem. However, if you suddenly win a huge amount of money, they may ask for KYC documents. Even reputable casino does this to comply with local money laundering law. So having KYC requirement is not always bad. However, if you gamble with a small amount of money, then no casino should have a problem and they will never ask for KYC. Stay active in this gambling forum and you will understand which casinos are good and which casinos are problematic.
Casinos ask users for KYC in certain cases if we withdraw funds beyond the tolerance limit and suspicious account activity to the point of potentially having to complete KYC for account verification, I agree that the top casinos promoted in the forums still have a withdrawal tolerance limit so we don't have to worry about verification KYC because we can still gamble at the casino without worrying about completing KYC.
It's not that important for a casino because it can scare some clients away. It's important for the governments and if a casino wants to be registered in a certain country it has to be compliant with the laws.
So it's a ladder where those above demand something from those below and the lower you are the more risk you take. A business owner has to comply with the law and is going to be checked by the government, but you, the end user, is the one that is risking identity theft.
So it's a ladder where those above demand something from those below and the lower you are the more risk you take. A business owner has to comply with the law and is going to be checked by the government, but you, the end user, is the one that is risking identity theft.
Jump to: