Zero KYC tolerance gambling platforms - page 5.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: delfastTions on November 16, 2022, 11:44:04 AM

Quote from: ethereumhunter on November 16, 2022, 11:05:39 AM

Quote from: QueenVera on November 16, 2022, 12:52:09 AM

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?

Lately KYC has become very essential for casinos so as to help regulate it's platform and to prevent every form of money laundering and criminality through their platform.
It is true most gamblers wants to stay anonymous while gambling, but most times, this very reason it's been misuesed and abused by some gamblers who try to divert stolen funds to these casinos.
In the past, casinos would never ask for a KYC not until it was made necessary by the gambling board as directed by government so as to monitor transactions safely on its platform.
I see no reason why people shy away from KYC especially when your intentions are pure and genuine.
Beside the casino isn't reviewing your identity to anyone except on the cases of criminal investigation.
There are basically few casinos that wouldn't ask for KYC initially or for little deposit but as time goes on or during withdrawal of some certain amount, you might in one way or the other be asked for KYC.

Maybe if they don't want to do KYC, they can still look for casinos that don't require KYC to play gambling, especially crypto casinos. And we know there are still casinos like that. It only takes time before we can find casinos that don't require KYC and become comfortable places to gamble but we also have to be prepared if, one day, casinos ask us to do KYC. The government seems to want to know who are the people who use a lot of money to gamble and if they find suspicious activity, maybe the government will pressure casinos to ask their users to do KYC. This is one of the ways that the government, through casinos, finds out if someone is engaging in an activity that the casino does not allow, so they can prevent it before it happens.

In principle, I really do not like the KYC procedure itself.
Especially when an online casino or some other site requires KYC with your photo with a document, a date written on a piece of paper, or, accordingly, some video with your face from different angles. Such perversions during the passage of KYC are generally disgusting to me. And they are somewhat reminiscent of how criminals are fingerprinted during detention or photographed both in front and profile, next to a ruler measuring a person’s height. In general, I am surprised that this procedure, invented by American bureaucrats with the support of stupid authorities, does not infuriate many people at all. And such people will show that it seems to be normal and in the order of things.

But I think that mandatory KYC is a mockery of personality and just disgusting. Angry

Actually I also don't like KYC in casinos because I think I only play gambling for fun and even then, I don't do it every day so I think KYC in casinos is unnecessary. But maybe that doesn't apply to casino that have many gamblers because we have often seen many people who use a lot of money to gamble and can be said to gamble almost daily. This is what makes casinos try to implement casinos in their places of business to find out who they are.

As crypto users who want to remain hidden behind the scenes, we can't do anything because the government tries to control all businesses, especially the gambling business, because it is a billion dollar business. And I feel that it will be mandatory for all gamblers to comply with KYC procedures in the future when the government really takes this regulation seriously.

Cling18

full member

Activity: 1708

Merit: 126

Quote from: delfastTions on November 16, 2022, 11:44:04 AM

Quote from: ethereumhunter on November 16, 2022, 11:05:39 AM

Quote from: QueenVera on November 16, 2022, 12:52:09 AM

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?

Lately KYC has become very essential for casinos so as to help regulate it's platform and to prevent every form of money laundering and criminality through their platform.
It is true most gamblers wants to stay anonymous while gambling, but most times, this very reason it's been misuesed and abused by some gamblers who try to divert stolen funds to these casinos.
In the past, casinos would never ask for a KYC not until it was made necessary by the gambling board as directed by government so as to monitor transactions safely on its platform.
I see no reason why people shy away from KYC especially when your intentions are pure and genuine.
Beside the casino isn't reviewing your identity to anyone except on the cases of criminal investigation.
There are basically few casinos that wouldn't ask for KYC initially or for little deposit but as time goes on or during withdrawal of some certain amount, you might in one way or the other be asked for KYC.

Maybe if they don't want to do KYC, they can still look for casinos that don't require KYC to play gambling, especially crypto casinos. And we know there are still casinos like that. It only takes time before we can find casinos that don't require KYC and become comfortable places to gamble but we also have to be prepared if, one day, casinos ask us to do KYC. The government seems to want to know who are the people who use a lot of money to gamble and if they find suspicious activity, maybe the government will pressure casinos to ask their users to do KYC. This is one of the ways that the government, through casinos, finds out if someone is engaging in an activity that the casino does not allow, so they can prevent it before it happens.

In principle, I really do not like the KYC procedure itself.
Especially when an online casino or some other site requires KYC with your photo with a document, a date written on a piece of paper, or, accordingly, some video with your face from different angles. Such perversions during the passage of KYC are generally disgusting to me. And they are somewhat reminiscent of how criminals are fingerprinted during detention or photographed both in front and profile, next to a ruler measuring a person’s height. In general, I am surprised that this procedure, invented by American bureaucrats with the support of stupid authorities, does not infuriate many people at all. And such people will show that it seems to be normal and in the order of things.

But I think that mandatory KYC is a mockery of personality and just disgusting. Angry

I was also asked to submit the KYC requirements when I was on a vacation and planned to withdraw my funds. I was actually surprised that they asked me to submit the KYC requirements when in fact, I have been playing on their site for several months and have withdrawal transactions already. It's a waste of time especially if they would ask you to write your name and the date accompanied by the name of their casino on a sheet of paper. I was on a vacation at that time and I was so disappointed because they should have asked me to comply with their KYC requirements as early as possible and not in the middle of the withdrawal process.

delfastTions

legendary

Activity: 2702

Merit: 1465

Quote from: ethereumhunter on November 16, 2022, 11:05:39 AM

Quote from: QueenVera on November 16, 2022, 12:52:09 AM

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?

Lately KYC has become very essential for casinos so as to help regulate it's platform and to prevent every form of money laundering and criminality through their platform.
It is true most gamblers wants to stay anonymous while gambling, but most times, this very reason it's been misuesed and abused by some gamblers who try to divert stolen funds to these casinos.
In the past, casinos would never ask for a KYC not until it was made necessary by the gambling board as directed by government so as to monitor transactions safely on its platform.
I see no reason why people shy away from KYC especially when your intentions are pure and genuine.
Beside the casino isn't reviewing your identity to anyone except on the cases of criminal investigation.
There are basically few casinos that wouldn't ask for KYC initially or for little deposit but as time goes on or during withdrawal of some certain amount, you might in one way or the other be asked for KYC.

Maybe if they don't want to do KYC, they can still look for casinos that don't require KYC to play gambling, especially crypto casinos. And we know there are still casinos like that. It only takes time before we can find casinos that don't require KYC and become comfortable places to gamble but we also have to be prepared if, one day, casinos ask us to do KYC. The government seems to want to know who are the people who use a lot of money to gamble and if they find suspicious activity, maybe the government will pressure casinos to ask their users to do KYC. This is one of the ways that the government, through casinos, finds out if someone is engaging in an activity that the casino does not allow, so they can prevent it before it happens.

In principle, I really do not like the KYC procedure itself.
Especially when an online casino or some other site requires KYC with your photo with a document, a date written on a piece of paper, or, accordingly, some video with your face from different angles. Such perversions during the passage of KYC are generally disgusting to me. And they are somewhat reminiscent of how criminals are fingerprinted during detention or photographed both in front and profile, next to a ruler measuring a person’s height. In general, I am surprised that this procedure, invented by American bureaucrats with the support of stupid authorities, does not infuriate many people at all. And such people will show that it seems to be normal and in the order of things.

But I think that mandatory KYC is a mockery of personality and just disgusting. Angry

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: QueenVera on November 16, 2022, 12:52:09 AM

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?

Lately KYC has become very essential for casinos so as to help regulate it's platform and to prevent every form of money laundering and criminality through their platform.
It is true most gamblers wants to stay anonymous while gambling, but most times, this very reason it's been misuesed and abused by some gamblers who try to divert stolen funds to these casinos.
In the past, casinos would never ask for a KYC not until it was made necessary by the gambling board as directed by government so as to monitor transactions safely on its platform.
I see no reason why people shy away from KYC especially when your intentions are pure and genuine.
Beside the casino isn't reviewing your identity to anyone except on the cases of criminal investigation.
There are basically few casinos that wouldn't ask for KYC initially or for little deposit but as time goes on or during withdrawal of some certain amount, you might in one way or the other be asked for KYC.

Maybe if they don't want to do KYC, they can still look for casinos that don't require KYC to play gambling, especially crypto casinos. And we know there are still casinos like that. It only takes time before we can find casinos that don't require KYC and become comfortable places to gamble but we also have to be prepared if, one day, casinos ask us to do KYC. The government seems to want to know who are the people who use a lot of money to gamble and if they find suspicious activity, maybe the government will pressure casinos to ask their users to do KYC. This is one of the ways that the government, through casinos, finds out if someone is engaging in an activity that the casino does not allow, so they can prevent it before it happens.

QueenVera

hero member

Activity: 1106

Merit: 570

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?

Lately KYC has become very essential for casinos so as to help regulate it's platform and to prevent every form of money laundering and criminality through their platform.
It is true most gamblers wants to stay anonymous while gambling, but most times, this very reason it's been misuesed and abused by some gamblers who try to divert stolen funds to these casinos.
In the past, casinos would never ask for a KYC not until it was made necessary by the gambling board as directed by government so as to monitor transactions safely on its platform.
I see no reason why people shy away from KYC especially when your intentions are pure and genuine.
Beside the casino isn't reviewing your identity to anyone except on the cases of criminal investigation.
There are basically few casinos that wouldn't ask for KYC initially or for little deposit but as time goes on or during withdrawal of some certain amount, you might in one way or the other be asked for KYC.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Quote from: khaled0111 on November 06, 2022, 01:40:46 PM

Quote from: ChiNgadOr on November 05, 2022, 03:35:12 PM

...

I'm not advocating for making kyc mandatory but you raised a valid point! If your account get hacked or you lose access to it, how can you prove you are the real owner if you haven't verified your identity? Email address, wallet addresses and all that can be hacked too so it's not as solid proof as legal documents.
Despite how much I hate to admit it but identity verification does have some advantages.

sorry, I posted this on the wrong thread earlier and moved it here now.

Well the truth is I see your point of view and you are absolutely right, I don't see why it can't be taken that way, nobody likes to have their account hacked, and if a way to recover your account and funds is through has already done his KYC verification, the platform is forced to help that client who is totally legal with them, with a person who is totally anonymous, it is very difficult because the way to prove what is or is not is very difficult, with the documents is something else, it could be said that you can have a more preferential treatment and with more benefits, and it is not that people with KYC are more than the others, only that it is a way to make it easier.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: goinmerry on November 15, 2022, 06:46:38 PM

Quote from: DoublerHunter on November 15, 2022, 04:06:07 PM

^KYC procedure versus a non-reputable gambling casino, I still prefer the KYC casino, it feels safe for me with the KYC casino because I know KYC casino has jurisdictions to follow based on their licensing. I don't think that there is lose a lot of potentials, one of my examples is Roobet which from zero KYC until now required KYC procedures they have still many gamblers to play. So I think that does not matter to them the most important is the reputation of the casino not the KYC procedure.

When it comes to the point that KYC is now a thing, it's good to just comply with it on considered reputable sites that are running for a long.

it is mate , and also crypto gamblers must start listening to this call that gambling Online will be for KYC maybe some still not ask now but sooner they will all be , and that is what in online gambling future.

Quote

there should be a tier where KYC will just ask.

support in this part, KYC must be depend on the level of issue .

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: khaled0111 on November 15, 2022, 06:50:33 PM

Quote from: Hispo on November 15, 2022, 03:13:02 PM

I am aware that not all people that gamble are actually very into cryptography in general, but there should be also an option to register an address which one could declare to the casino one has complete control over, and in case of hacking or loss of access, then a simple signature should be enough to prove one's identity and at the same time keeping the non-KYC model intact.

That's also an option but it will be worthless if you don't know how to properly secure the encryption key and how to store it in a safe place. It also require some technical knowledge that mst regular gamblers don't have.

I believe it is worth it to learn how to do it, specially if people wants to stay away from KYC.
It is easier than it seems and gamblers could even generate keys specifically for 2FA on their casinos and store them on their PC (without funds stored). In case the computer gets compromised and someone steals the keys, the attacker won't do anything, since there is no money in that wallet and it is highly unlikely they realize those keys were specifically created to authenticate one's account in casinos. They may think it is just an empty wallet.

khaled0111

legendary

Activity: 2744

Merit: 3097

Top Crypto Casino

Quote from: Alphie12 on November 15, 2022, 02:12:05 PM

If your account gets hacked then you are on your own. No one is going to help. Use 2FA.

I think you missed the point. I wasn't talking about how to secure your account, that's another matter. I was talking about how to recover your account after it gets hacked. You won't be able to recover it unless you prove its ownership. You can easily do that if you have already verified your identity. You can then prove you are the same person by re-submitting your documents.

Quote from: Hispo on November 15, 2022, 03:13:02 PM

I am aware that not all people that gamble are actually very into cryptography in general, but there should be also an option to register an address which one could declare to the casino one has complete control over, and in case of hacking or loss of access, then a simple signature should be enough to prove one's identity and at the same time keeping the non-KYC model intact.

That's also an option but it will be worthless if you don't know how to properly secure the encryption key and how to store it in a safe place. It also require some technical knowledge that mst regular gamblers don't have.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: DoublerHunter on November 15, 2022, 04:06:07 PM

^KYC procedure versus a non-reputable gambling casino, I still prefer the KYC casino, it feels safe for me with the KYC casino because I know KYC casino has jurisdictions to follow based on their licensing. I don't think that there is lose a lot of potentials, one of my examples is Roobet which from zero KYC until now required KYC procedures they have still many gamblers to play. So I think that does not matter to them the most important is the reputation of the casino not the KYC procedure.

When it comes to the point that KYC is now a thing, it's good to just comply with it on considered reputable sites that are running for a long.

It's not the first time though that we are exposing our private data on a third-party service that's why we should manage the risks.

Besides, it's really possible that all crypto-gambling sites will have KYC but there should be a tier where KYC will just ask.

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: theskillzdatklls on November 05, 2022, 02:35:42 PM

MintDice has no KYC and in addition to that has instant account creation. No e-mail needed with secret key URLs.

Are you sure about this? Mintdice has KYC policy https://www.mintdice.com/article/anti-money-laundering-know-your-customer-policy

There are some requirements for users to be asked for KYC verification. I think that you can read whole of article about that. It's pretty well explained by the article. Any gambling platforms have KYC policy for people who have been fulfilling some requirements that already mentioned on their policy or TOS.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: DoublerHunter on November 15, 2022, 04:06:07 PM

Quote from: yayayo on November 15, 2022, 03:11:26 PM

Most casinos and or/bookmakers advertise that no KYS takes place. Unfortunately, we cannot take those promises for granted. What we see more and more often is that no KYC is requested for low amounts, but as soon as more money is won, the problems start. There are sites that perform a KYC when a player has registered, which is most fair, but I understand that you can lose a lot of potential customers with that. And there are also players who do not want to participate in a KYC procedure at all.

ya.ya.yo!

^KYC procedure versus a non-reputable gambling casino, I still prefer the KYC casino, it feels safe for me with the KYC casino because I know KYC casino has jurisdictions to follow based on their licensing. I don't think that there is lose a lot of potentials, one of my examples is Roobet which from zero KYC until now required KYC procedures they have still many gamblers to play. So I think that does not matter to them the most important is the reputation of the casino not the KYC procedure.

Even myself would definitely be get in line with those KYC casinos and never ever touch up non popular ones because we do know the risk of losing money or speaking with security.Some people are really just

too keen or minding about their information which i couldnt blame them but some people thing that if there's nothing you've been hiding then exposing or complying KYC wont really be that much of an issue.

For now we do have still lots of platforms which we could still play without the need of these verifications which is something that we do really prefer most of the time.
It cant really be just happening that there are no who had been implying out these rules considering that they are regulation or centralized.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: yayayo on November 15, 2022, 03:11:26 PM

Most casinos and or/bookmakers advertise that no KYS takes place. Unfortunately, we cannot take those promises for granted. What we see more and more often is that no KYC is requested for low amounts, but as soon as more money is won, the problems start. There are sites that perform a KYC when a player has registered, which is most fair, but I understand that you can lose a lot of potential customers with that. And there are also players who do not want to participate in a KYC procedure at all.

ya.ya.yo!

^KYC procedure versus a non-reputable gambling casino, I still prefer the KYC casino, it feels safe for me with the KYC casino because I know KYC casino has jurisdictions to follow based on their licensing. I don't think that there is lose a lot of potentials, one of my examples is Roobet which from zero KYC until now required KYC procedures they have still many gamblers to play. So I think that does not matter to them the most important is the reputation of the casino not the KYC procedure.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: Alphie12 on November 15, 2022, 02:12:05 PM

Quote from: khaled0111 on November 06, 2022, 01:40:46 PM

Quote from: ChiNgadOr on November 05, 2022, 03:35:12 PM

...

I'm not advocating for making kyc mandatory but you raised a valid point! If your account get hacked or you lose access to it, how can you prove you are the real owner if you haven't verified your identity? Email address, wallet addresses and all that can be hacked too so it's not as solid proof as legal documents.
Despite how much I hate to admit it but identity verification does have some advantages.

sorry, I posted this on the wrong thread earlier and moved it here now.

If your account gets hacked then you are on your own. No one is going to help. Use 2FA.

I am aware that not all people that gamble are actually very into cryptography in general, but there should be also an option to register an address which one could declare to the casino one has complete control over, and in case of hacking or loss of access, then a simple signature should be enough to prove one's identity and at the same time keeping the non-KYC model intact.
It could be a similar system we use here on the forum with the staked addresses.

yayayo

legendary

Activity: 1806

Merit: 1024

Most casinos and or/bookmakers advertise that no KYS takes place. Unfortunately, we cannot take those promises for granted. What we see more and more often is that no KYC is requested for low amounts, but as soon as more money is won, the problems start. There are sites that perform a KYC when a player has registered, which is most fair, but I understand that you can lose a lot of potential customers with that. And there are also players who do not want to participate in a KYC procedure at all.

ya.ya.yo!

Alphie12

jr. member

Activity: 131

Merit: 2

Quote from: khaled0111 on November 06, 2022, 01:40:46 PM

Quote from: ChiNgadOr on November 05, 2022, 03:35:12 PM

...

I'm not advocating for making kyc mandatory but you raised a valid point! If your account get hacked or you lose access to it, how can you prove you are the real owner if you haven't verified your identity? Email address, wallet addresses and all that can be hacked too so it's not as solid proof as legal documents.
Despite how much I hate to admit it but identity verification does have some advantages.

sorry, I posted this on the wrong thread earlier and moved it here now.

If your account gets hacked then you are on your own. No one is going to help. Use 2FA.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: worldofcoins on November 15, 2022, 07:26:21 AM

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?

We should not discourage the importance of KYC; it's an import; to inspect it to avoid terrorism funding, money laundering, or any such illegal activities.

Yes, some casinos don't require KYC, but we should strongly discourage them. It's for our safety.

And for the future, it seems that the government will implement KYC in all businesses, not only in gambling but as a contributor to income for a country. The gambling business is closely monitored because many people can enter and leave easily, even if they do KYC with a false identity. Crime cases like what @worldofcoins has been saying have happened frequently, and many of these cases cannot be detected where the funds come from, so KYC is needed to find out. KYC has been implemented in several crypto casinos, although not all. In the future, the government will implement KYC in all casinos to avoid these crimes.

worldofcoins

sr. member

Activity: 1820

Merit: 418

Telegram: @worldofcoinss

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?

We should not discourage the importance of KYC; it's an import; to inspect it to avoid terrorism funding, money laundering, or any such illegal activities.

Yes, some casinos don't require KYC, but we should strongly discourage them. It's for our safety.

delfastTions

legendary

Activity: 2702

Merit: 1465

Quote from: erep on November 06, 2022, 04:55:55 PM

Quote from: piebeyb on November 06, 2022, 02:25:22 AM

Yes, usually the application of KYC is to prevent people from laundering money, not only with the problem of tax burdens, especially the permits and legality of the casino sites that have been obtained, of course, they must comply with the laws in that country, so actually not all of them have to send their identity to the gambling site while submitting. the name and date of birth form seems to be sufficient for users who make small withdrawals, usually to follow KYC rules only for users who may be playing with thousands or tens of thousands of dollars

KYC requirements will be subject to change depending on regulatory updates from authorities, so we must be willing to KYC whenever needed for casino account verification even if we have low balances on casino accounts, but since many established casinos have already determined KYC then it is ensured that more users are willing or have verified KYC, if KYC verification is not too bad to prevent money laundering crimes and can be useful as proof of account ownership if the account has been hacked.

All this is 100% lies about the fact that KYC is very important when laundering money that someone got by criminal means.
KYC is not a hindrance to any criminals at all.

I'll tell you why the American authorities came up with and are actively implementing KYC. This is connected with the banking lobby precisely to collect information on the income and money turnover of millions of residents and the United States and in general everyone in the world. And these databases are used for taxation and also as a tool for advertising and imposing on you loans from banks that the AI connected to the system will impose on you. Probably everyone has already seen this type of offer in their PC or mobile phone. So this is the consequences of your passing KYC. Definitely a crappy procedure to control the entire population of the country. And who is this bastard that introduces KYC into the cryptocurrency industry?

erep

hero member

Activity: 2282

Merit: 589

Quote from: piebeyb on November 06, 2022, 02:25:22 AM

Yes, usually the application of KYC is to prevent people from laundering money, not only with the problem of tax burdens, especially the permits and legality of the casino sites that have been obtained, of course, they must comply with the laws in that country, so actually not all of them have to send their identity to the gambling site while submitting. the name and date of birth form seems to be sufficient for users who make small withdrawals, usually to follow KYC rules only for users who may be playing with thousands or tens of thousands of dollars

KYC requirements will be subject to change depending on regulatory updates from authorities, so we must be willing to KYC whenever needed for casino account verification even if we have low balances on casino accounts, but since many established casinos have already determined KYC then it is ensured that more users are willing or have verified KYC, if KYC verification is not too bad to prevent money laundering crimes and can be useful as proof of account ownership if the account has been hacked.

Topic: Zero KYC tolerance gambling platforms - page 5. (Read 4811 times)