Zero KYC tolerance gambling platforms - page 12.

YOSHIE

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

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?

Some crypto casinos KYC are required, some other casinos KYC are not required, there are also crypto casinos that require KYC when withdrawals are outside of their rules, for example: withdrawal max $10k without kyc but the user wants to withdraw money/crypto above $10k, most likely kyc is required to prevent things that are not wanted or harm one party or both parties.

For this reason, KYC verification is important or not depending on the rules of the online casino, but you can still choose the two options and make it easier for you to gamble, in this forum there are casinos that don't need kyc only you use Authenticator (2FA) only, without kyc, the choice is yours, definitely kyc or not, if not sure about kyc, choose an online casino that uses the (2FA) method, nothing compel.

Haunebu

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There are many threads available to answer this particular query op. Coming to your question, very few crypto gambling sites are strictly zero KYC platforms who actually enforce it without any sort of bullshit whatsoever.

Some examples that come to my mind are betting exchanges like Fairlay, sportsbooks like Sportsbet.io etc. These recommendations are solely based on my experience with them.

avikz

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

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?

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.

rhomelmabini

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

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?

Nowadays we've seen gambling websites issuing KYC on their platforms but it has something to do within the country jurisdiction they are into, they're just following rules and regulations. There are still plenty of gambling sites that offers few requirements but saying zero means that will be too rare to find these days wherein there's no verification requirements with even just SMS's OTP or other similar stuffs.

crwth

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To operate in different countries, you need to abide by the rules, and depending on the crypto regulations, of course, it would be dependent if they would impose the ruling on KYC. I think it’s better to legitimately go to the regulated one so that you could prevent future problems with a clearing where you got that money or anything related to that.

piebeyb

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule?

obviously it is very important and it seems that almost all gambling sites on average use KYC, especially if you do play with big money and want to make a deposit or withdraw big money of course you have to do KYC on the gambling site, all of that to prevent money laundering, but maybe if you really want to try a gambling site without kYC it doesn't seem like a safe and official gambling site in my opinion, so you should use a gambling site that is official and really safe and reliable, you may need to visit the gambling site that I use in my signature

_BlackStar

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Quote from: Wexnident on October 18, 2022, 03:21:04 AM

There are a few reasons why, from money laundering to age verification to prevention of multiple accounts to other probable reasons. The most important one though as to why they need to implement KYC is the country in which they're registered since each country has a specific law or rule about casinos, KYC being one of them. It's also the reason why some countries can't access some casinos, it's simply part of their law. Afaik it also considers the law about gambling that the user is under in.

I think money laundering, age restriction, multiple accounts and some other violations are the reasons why KYC on gambling platforms is implemented. After all it is a rule that casinos may have to comply with when they wish to apply for a license to operate in a country. KYC is great to prevent abuse, but certainly not for those who prioritize privacy.

Quote from: Wexnident on October 18, 2022, 03:21:04 AM

Some casinos don't require KYC, but some do. Here's a thread with a big list of casinos that indicate whether they have KYC or not
https://bitcointalksearch.org/topic/information-of-crypto-casinos-license-and-kyc-requirements-5381143

Thanks for this.

Daltonik

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

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 clear that mandatory KYC at first glance somewhat repels players, but on closer examination, if you are a law-abiding and honest player, then KYC for you can be a kind of guarantee in case of disputes with a gambling platform, which an online casino excluding KYC cannot guarantee.

coinerer

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

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?

Must of the successful casino platform is centralized platform and all centralized platform always keep kyc verification system to avoid many illegal work like Money laundering. so you will not found any Zero kyc site. But many site can give you some facilities like you can use there platform without kyc with low deposit but if you want to use high deposit and withdraw then you must complete kyc.

Jawhead999

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KYC verification is pointless since there's a people who can create fake KYC or using someone KYC. Most casinos who ask KYC is a licensed casino which mean they need to follow the regulations, while unlicensed casino it's up to them for ask KYC or not.

If you want to gamble with zero chance of being asked to provide KYC, it's Freebitco.in since there's no rule if they will ask your KYC in any cases. If you're broke their rules, they just simply terminated your account.

Mr. Magkaisa

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

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?

- If there are online cryptocurrency gambling sites that ask for KYC, I think they do it for the security of their players' assets and to prevent multiple accounts. And besides, I also think that gambling platforms with KYC requirements are safer compared to those without KYC requirements, I will repeat that this is just my own opinion, I don't know about others here.

Although, there are others who don't ask for KYC but it is safe anyway, just that the risk is higher compared to centralized cryptocurrency casinos.

Saint-loup

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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.

Don't tell BS here, in the gambling section please. How KYC could be an assurance for customers? I don't understand. In the scam accusation section and here we always hear about scams from casino requiring KYC, while we never hear about scams from casino not asking KYC. When I play on Freebitcoin for example I feel safe because I know I will be able to withdraw my winnings without any issue while when I play on a casino that can require KYC, I don't feel that way at all because I guess they will ask me KYC if I win too much and they will maybe refuse my documents to keep my funds like many people are reporting all over the web.

seoincorporation

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You can only expect zero chance KYC on casino that has no license but ofc its risky to play with those casino since they are anonymous and you are not protected by the law.

This is a complex matter because hen you say protected by the law it means the law of the country where the license was provided and in most of the scenarios that's the Curaçao laws. And if we want to sue a casino we have to do it in that place which is almost impossible for 99% of the gamblers.

A license doesn't makes me feel protected by the law, i prefer to trust on a provably fair engine than a licensed gambling site who doesn't give a verify option on their games.

passwordnow

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule?

It's important to them and also has something to do with what they're complying with as they're registered enterprises.

Quote from: Z390 on October 18, 2022, 02:53:10 AM

Where can one gamble with zero verification requirements?

It came from the Duelbits rep as it's posted by someone on their thread who has asked them if they won't ask for KYC. And the response is yes, they won't ask you KYC as long as there's nothing to be complied about and you're not that huge depositor and gambler.

salad daging

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They certainly have their own rules because anyone can have the right to do KYC if the casino is suspicious of it and indeed at first they said there was no KYC for them but it became a problem for the casino because of suspicious activities like other people said then the casino is entitled to all that, so I think the casino certainly has an obligation as to if it is necessary for a document to be requested.
So for me there is no casino that is completely zero KYC, so almost all have implemented this system and in the FAQ it always says "KYC when needed with something" so there is nothing we can do unless we do it.
But for small gamblers we can still use KYC zero casino.

acroman08

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule?

it is meant to prevent money laundering, protect the casinos from account abuse which happens a lot, etc... also, if they acquire a gambling license they might require to ask for KYC because it is part of the regulation the license has.

Quote from: Z390 on October 18, 2022, 02:53:10 AM

Where can one gamble with zero verification requirements?

sure you can. Wexnident shared a link showing what casino does require and does not require KYC, you can check the thread he shared if you are interested.

Pandu Geddon

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not all gambling platforms require you to KYC. Usually, if something suspicious happens with your account activity, of course, Casino has the right to ask you to verify documents. We know some of the problems from the news in the past, regarding money laundering using gambling platforms. Some casinos apply such rules to reduce the risk of malicious users taking advantage of events and bets at the casino.

I'm not sure why you have a problem with KYC. are you underage? or is there a problem with your data that has been blacklisted from several casinos?

cabron

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Casinos asking for KYC is sort of a protection to their business as well obeying what government mandate to them. So there is nothing else can be done, you just need to submit especially if you want to withdraw the large amount you have in the platform.

If you want to play with no KYC, there are decentralized casinos on ETH, TRON or EOS platform.

Dicether.com for example uses smart contract based state channel implementation to provide a fast, secure and provably fair gambling.

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

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?

KYC may not be really a great thing for the casino as well because they may lose few customers who want to be with complete anonymity but casinos has to comply KYC due to AML policies by governments and that is the sole reason why they are pushed to implement KYC in the recent times.

Yes, there are some crypto gambling sites with no mandatory KYC for now but if you take a look at their ToS they you may find the casino has right to ask about KYC, source of funds, etc at anytime if they feel the user has something suspicious and also they may ask when the security finds the user is accessing from restricted country which is also mentioned in their ToS.

Saint-loup

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Quote from: Z390 on October 18, 2022, 02:53:10 AM

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 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. Actually it's just a scammy practice to avoid paying winnings to players who managed to make some profits and to prevent them from opening a new account when they've banned them or restricted their account. If you are a bad player constantly losing his deposits, they will never ask you anything.
There is an incomplete list of casinos that don't require KYC in this thread https://bitcointalksearch.org/topic/information-of-crypto-casinos-license-and-kyc-requirements-5381143 Some are missing like Nitro betting though.

Topic: Zero KYC tolerance gambling platforms - page 12. (Read 4795 times)