Topic: Zero KYC tolerance gambling platforms - page 7. (Read 4795 times)

If it's about the government, I don't care because I myself do not want to breach the law in any way. If they like, let them track me. My only concern is the leak of my details, it has happened before when a hacker I never met informed me through email that my data has been breached.

You have a good point that KYC exposes our data to a third party, I don't even care about it if it's gambling, I have a little trust in them for the protection of my data, so KYC might be dangerous in sharing with them at times. Many casinos do not have the necessary cyber security, so our data is truly susceptible to hacking.

There are many reasons why KYC is bad, and why we should avoid it. But the biggest reason is that KYC makes it easy for governments to track your financial transactions. KYC asks for way too many personal details and it can easily put a target on your back. The government wants to know how much money you have, where it comes from, and what you do with it. The more data you give away, the more likely it is that someone could use this information against you. And if your information goes into a database somewhere, there's always a chance that it could get hacked, and then all of your private details would be in the wrong hands.

KYC is destroying the spirit of online gambling. If you care about privacy, the anonymous way of life, and Satoshi's ideology, you're not going to be a fan of KYC, and you should refrain as much as possible from giving up your private information and from signing up to a KYC/AML gambling sites.

Wherever you do the verification, your data is stored on that company's server. And if that server ever gets hacked, then your data will be in the hands of the hacker after which the hacker will try to take advantage of your data in every possible way.

So KYC is bad.

Try to avoid this as much as possible.

It is that one thing is what we can understand and analyze, being useful to accept things, but there are many people who defend No KYC, and yes to anonymity and privacy, and well, they have every right to do so, without However, when there are sites that do not have KYC requirements, they are usually the most criticized sites, because they tend to lack some licenses, and as I said before, those are the sites that can be very good and do not let them arise, so it is advocated to have all the licenses, but with regulations and prohibitions for some countries or something, for me the platform that is irreverent in every sense of all regulations is the one that will be more successful in the future, not for now, for now that is not possible.


I think that people's concern about KYC is so that they don't take the data where they live, especially those people who have a somewhat high balance and are afraid that it will fall into unscrupulous hands and want to harm them, so it is a danger and it is what you see for them, in my case this does not happen, firstly because I live in a country where it is very difficult to be surprised, usually you already know how you can defend yourself, apart from that you do not handle large amounts of money , it would be more expensive for the thief to come to the house to steal and if he realizes that as a person he is not afraid of anything because it is something that has to do with it, but in other countries if things are different, there are people who have a better economic status and u maintain high figures.

KYC does interfere with the anonymity of gamblers. but how it is applied nowadays on many gambling platforms due to regulations that may conflict with the country where the player exists.
some countries prohibit gambling, and in the absence of KYC, this can be problematic for both casinos and players alike. other cases as money laundering. We have certainly heard the news regarding crypto exchanges and crypto casinos being used as money laundering by one or several unscrupulous state officials to evade the law.
however KYC is annoying, but it develops because of the situation that does require it to reduce the risk of future problems.

But I think that KYC is a great evil and an unpleasant procedure when it comes to the use of cryptocurrencies. 
It is also clear that identity verification may be needed when people pay with fiat, but cryptocurrencies were originally created as anonymous monetary units. 
No wonder that until now, for more than 13 years, no one has found out who Satoshi Nakamoto is.  And besides, the KYC procedure always takes your valuable time, and sometimes the data is stolen by scammers and can be used for fraud.  There have already been many such cases.  So the best ones do without KYC.  By the way, the procedure was introduced as mandatory only 6 years ago.  American bankers tried to control clients. 
And in this I see a great muck in relation to the freedom of the individual.

Nothing is bad about doing KYC, I always say that I like to do it to avoid future issues with casinos. But casinos nowadays overemphasise this KYC as if they are legit themselves, but they are not if you know how weak many of their registration is. The strength of registration depends on domains/jurisdictions and some even have fraudulent registrations to further with. This is why it is good to go for the casino you trust and abide by all the rules they state including the KYC. Then you might be fine.

An investigation will continue on suspected accounts of other accounts because they do not want to see their members cheat by having multiple accounts to get more rewards. Perhaps the implementation of KYC is to avoid the problem of money laundering, where when we talk about gambling, it is a big business that brings in a lot of money to gamble. And many of those gamblers spend a lot of money. And because of that, the casino needs to know the background of its members who use that much money so that the casino does not get into trouble with the local authorities.

We can only hope that FreeBitcoin will still operate without KYC rules and will not require KYC on its members. But so far, FreeBitcoin is still safe for gambling, and many people still place bets on the site.

^Sometimes there is shady behavior in a gambling casino, KYC also their loophole, and one valid reason is that they can hold the funds of their users because of this. Sometimes they ask to enhance verification and it could be a video verification that you need to submit. Probably this usually happens in most financial institution services, they are required to have this because they follow regulations.
Zero KYC gambling platforms would be also very risky, you cannot come after them if they will become scam.

If freebitcoin can operate without KYC then why can they and the others not? What does freebitcoin have to offer the best service? I have been in freebitcoin and they have and can be used as a wallet for btc, so if they do those things, the casinos that have been here for years and cannot evade KYC? The regulations reach everyone except freebitcoin, this is something that has no excuse, these things are the reason why freebitcoin is one of the best casinos or gaming platforms that are most famous, the casinos that launch without KYC are not of the KYC style, then those that are not KYC are the most criticized casinos.

Multi account activity has been prohibited on terms and service even though the platform does not require KYC, top gambling platforms have methods to track multi accounts even if using VPN access or otherwise, so avoid multi accounts as freebitco.in still provides gambling opportunities without KYC.

If the regulator requests a KYC report then potential KYC features will be added soon for each user. But I rarely see intense discussion about KYC on the freebitco.in platform and I think if the team isn't going to press for KYC for now.

And even though they don't require KYC, multi accounts are still hunted and banned by the platform. It means a casino doesn't need KYC feature to fight bots and multi accounts. There are efficient methods of doing this without being intrusive on someone's privacy. So it's not accurate when people say KYC is needed as security measure for the website.

However, we don't know how long freebitcoin will be still able to operate without KYC rule. Regulators are enforcing the siege over crypto services like never before and at some point soon freebitcoin may be left without any alternatives besides finally introducing the feature to the platform.

You are right that when any casino/gambling site faces any problem they try to ask KYC their user so that they can know whether the user has multiple accounts or not. But they do that by the name of facilitators. It is hypocritical as they know about the rule of the facilitator while they start the gambling business.

Dont know on where they do really get the idea about KYC does ensure that they could really be able to take up those funds or recover it which isnt really totally true yet these verification does really been submitted

for the sake of verifying yourself to be in line with those money laundering issues  or in concern which had been always the main thing on why these platforms been asking out for these kyc.

And since they are regulated or licensed then it would really be no surprising that they would really be asking or following out on what the government
had been mandated.

KYC has nothing to do with the security of your account or the security of your money in the casino website.
KYC is just a requirements mandated of the authority to the licensed casino to prevent money laundering. Many KYC required casino do take money from their users in different ways, you can see it on scam accusations board.
As well as KYC isn't assurance that your account's balance will be recovered when a hack take place. The casino might file bankruptsy, etc. So choose wisely when giving  your personal information to KYC required casinos.

Problems may really arise if a gambling platform, especially online, won't require KYC upon registration. One main problem are bots as mentioned by other players here. But same thing goes for implying KYC. Ofcourse we cannot blame those people who are not really into such procedures because they are protecting themselves from further conflicts. We cannot blame them because such problems exist. In some cases, bad people would use personal information of someone to wrongdoings. Indeed there is confidentiatlity and agreement between the player and platform but how sure are we that no one would really be close to your infos? Which gives them a valid side  But uf you are into that specific site, you have no choice but to comply.

Much better if you would ask fellow players within this platform just to be sure if nothing or something happened before proving the informations. This is to somehow gauge the risk an individual is afraid of. In my case, i'm fine with KYC. The problem on my end with regards to this, is the time it consumes in some platforms but if it would be aided, I've got no problem with this policy.

that's an old issue that keeps circulating in casinos. KYC that is carried out certainly has a good purpose. Prohibition of money laundering is one of the rules of most crypto casinos. therefore there are KYC rules and a minimum bet that must be made before making a withdrawal.
some gamblers may feel their identity will be compromised. but some other players will think it is normal. the important thing is that they can still play at the casino.

Now days what we saw in other casino they do more kyc at this is more important to secure the money while you are depositing in them but also we need to be aware that in the world of gambling we encounter a lot of casino that promising that there's no KYC but when you deposit then play and wok some prices then they said that you need to pass those KYC been ask by their facilitator so it's important to as to be aware.

this is not only about them or their regulation but also for the safeties of players though there are also scam sites that use KYC verification to add flavor to their scamming yet most of legit gambling sites now are implementing KYC so best to deal with this for longer gambling activities and improvements .
Had been playing in freebitco.in for years and yes the site is boring unless you are seeking for  FUN investment or at least for free satoshis .

agreed mate, Yeah we must understand that In gambling world here in crypto ? license only exist  for formality but the totality of their obligation still matters to their decision and nature .

KYC will always matter now and in the future so best to deal with it? or just play in gambling that in live . this is how we hide our gambling activities and funds in the past but this has changing now in our days.