Bitcoin Forum

Economy => Gambling => Topic started by: Chlotide on October 21, 2022, 07:19:11 PM



Title: Unpopular opinion about crypto gambling
Post by: Chlotide on October 21, 2022, 07:19:11 PM
Why ? Just why ?

https://i.imgur.com/8wv10Bd.jpg


Title: Re: Unpopular opinion about crypto gambling
Post by: PawGo on October 21, 2022, 07:25:04 PM
Why ? Just why ?

Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?


Title: Re: Unpopular opinion about crypto gambling
Post by: velzevul11 on October 21, 2022, 07:37:26 PM
Making such statements is stupid. Make me change my mind. Why? Just Why?  ;D


Title: Re: Unpopular opinion about crypto gambling
Post by: iv4n on October 21, 2022, 08:16:49 PM
I guess when your bankroll is huge (maybe over $10k or $100k?! Or even higher?!) you want some protection and you are ready for KYC or anything else that can/will help you if some problem appears!

When it comes to us small-time gamblers avoiding KYC is probably some kind of rebellion, between everything else, we can pass it but the question is why do we need it? We like crypto because of the freedom it gives us... and some of us are not ready to abandon that freedom. Anyway, if you are a fair player you will be treated fair, with KYC or without.


Title: Re: Unpopular opinion about crypto gambling
Post by: seoincorporation on October 21, 2022, 08:18:13 PM
In the end you need to provide your personal information in life for anything that involves huge amount of money.

*When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.

It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.


Title: Re: Unpopular opinion about crypto gambling
Post by: Fivestar4everMVP on October 21, 2022, 08:21:45 PM
One man's food is another man's poison, people love what others hate and others love what people hate, it all boils down to choice and preferences, it is absolutely OK to have a different opinion from what others consider normal concerning a matter, we should all learn to respect that.

If you don't like gambling on casinos that require kyc, that's your choice, I don't need to change your mind, do i ???
At the end of it all, we all are after the same thing, and that is having fun and making some money in the process.


Title: Re: Unpopular opinion about crypto gambling
Post by: sunsilk on October 21, 2022, 08:22:24 PM
So gambling with fiat on those platforms that asks KYC is exempted? There is nothing we can do with that, that's part of growing if you're looking at the growth of cryptocurrencies being used by casinos as their currency to gamble with.

There are still some exceptions these days and some casinos that don't ask for it if you're just a small time gambler. And that's what you just have to look at and try them if they won't ask you further to verify your identity with your stay there.


Title: Re: Unpopular opinion about crypto gambling
Post by: Piesel on October 21, 2022, 08:34:36 PM
Just as we have been saying all the while, if you are not involved in any illegal deals I don't think you will have any problem with KYC even though crypto user value privacy there are still some limitations to that especially when you want to access a third-party service such as casinos.

So in other to protect you from problems, it becomes helpful to provide some KYC documents so that your identity can be verified.

KYC has become a sad reality that we can not avoid because there have been so.much limitations that are tied to KYC, so I won't say KYC is entirely a stupid thing to do as a crypto user in some cases.


Title: Re: Unpopular opinion about crypto gambling
Post by: GxSTxV on October 21, 2022, 08:35:05 PM
I won't try to change your mind Xd but i will try explain why. the casino won't get an agreement from any company if they don't do they can have problems, because of money laundering especially with large amounts. If there's no KYC everyone will be able to deposit and withdraw no matter what his source of money came from. That's my opinion. Even i kniw it's bithering especially when you can deposit when as much as you can and then get asked to upload your documents in order to withdraw.
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures


Title: Re: Unpopular opinion about crypto gambling
Post by: TimeTeller on October 21, 2022, 08:49:09 PM
I won't try to change your mind Xd but i will try explain why. the casino won't get an agreement from any company if they don't do they can have problems, because of money laundering especially with large amounts. If there's no KYC everyone will be able to deposit and withdraw no matter what his source of money came from. That's my opinion. Even i kniw it's bithering especially when you can deposit when as much as you can and then get asked to upload your documents in order to withdraw.
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures

If they have gaming license, they have no choice but to implement the AML/KYC protocols.
This is why if there is some suspicious amounts getting in, some of them may ask for proof of funds.
I believe, we can't avoid this to happen these days as crypto casinos are getting regulated by the government already.
For most non-licensed, they may not require KYC but for new ones, it is still hard to trust them especially if you have significant amount of money.
Now, it is on your own disposition whether you will play on licensed or non-licensed casinos. It is your own risk you are taking here.


Title: Re: Unpopular opinion about crypto gambling
Post by: Fatunad on October 21, 2022, 08:59:39 PM
KYC is highly frowned upon on this forum and luckily we do have lots of options to take on dealing with casinos which doesnt really ask out for verification.
Its expected for these platforms to have that kind of ruling considering that they are centralized and regulated which means that they dont really have also the choice
because if they would tend to oppose then it would be over of their business or simply they cant make out any operation.This is why even they do like it or not
they would really be applying those terms even they do know that the community doesnt really like it.


Title: Re: Unpopular opinion about crypto gambling
Post by: lionheart78 on October 21, 2022, 09:05:48 PM

Every person has their own opinion and preference.  Convincing anyone that their thought is wrong is pretty much difficult.  It is easier to tutor a person with comprehension deficiency than a person that has a firm belief that they are right since this person is ready to reject any opposing input to what he believes in.

Anyway way, I believe it is also stupid to think that holding cryptocurrency enables us to have the special privilege of being exempted from government regulation.  ;D





Title: Re: Unpopular opinion about crypto gambling
Post by: rby on October 21, 2022, 09:11:38 PM
If everyone decides to be honest in the gambling industry by not using illicit money to gamble by not using gambling platforms as means of money laundry and also by not trying to cheat the gambling companies.
Generally if everyone decide to be morally right, there won't be any need for your personal identity. It because humans are difficult to control and will always want to extort a given system that is why kyc is implemented in gambling and other related Industries still kyc it is been abused by the regulators.


Title: Re: Unpopular opinion about crypto gambling
Post by: btc_angela on October 21, 2022, 09:14:14 PM
Well if you don't like crypto gambling, then there is fiat as well, land base on online base. But it will be just same though, casinos are going to ask for you documents specially if you are going to win big.

Of course, we don't want to go to KYC procedure because it is against the basic tenent of crypto which is anonymity, but this is now the world we live in, regulators are coming in full force so it's either we adapt to survived or move. And so I guess others will have to follow to be able to stay in the world that we love to move now, which is crypto space.


Title: Re: Unpopular opinion about crypto gambling
Post by: goaldigger on October 21, 2022, 09:19:08 PM
Crypto made for the reason of anonymity and freedom but since we also seeks mass adoption and regulations, this is where the government interventions begins and that’s why KYC are being asked on most of the licensed gambling site, once they register for that they are required to follow the regulations and KYC is a thing there.

No one will change your mind here, this is gambling and you should do what you think is right. If you don’t want to gamble with KYC that’s fine, at least you are safe from losing the money.


Title: Re: Unpopular opinion about crypto gambling
Post by: fathafraink on October 21, 2022, 09:28:22 PM
You need to know that not all kycs are bad, as long as these parties carry out these rules for the safety and comfort of the players as well. You also need to ask the site, why should there be a kyc?, so if their answer is in accordance with my opinion at the beginning, then we can accept it well.


Title: Re: Unpopular opinion about crypto gambling
Post by: yahoo62278 on October 21, 2022, 09:32:21 PM
There are many reasons users do not like KYC. Some users want to be anonymous to avoid things such as taxes. Some other reasons may include underage, gambling illegal in their area, or hacker using stolen funds.

I'm sure there are other legit reasons but none that I can think of.

I do want to make a point about gambling not available in certain areas though. I feel like it's our money, we should be able to use it however the fuck we want. Unfortunately, governents do not agree with that. They want their piece. I think if all sites were able to kyc their customers and send tax documents, then most countries would allow us to gamble.


Title: Re: Unpopular opinion about crypto gambling
Post by: agustina2 on October 21, 2022, 09:48:38 PM
Simply, if you don't like that crap then stay away from that platform.

There are lots of gambling sites around if you just know how to explore.

That's not even a problem in the first place. If the time will come that all crypto-gambling sites will mandate KYC then I will also end up on that question but for now, there's a solution or alternative to your problem. Don't stress yourself about it.


Title: Re: Unpopular opinion about crypto gambling
Post by: DoublerHunter on October 21, 2022, 10:00:08 PM
^There are still gambling platforms that did not require a KYC process, but the problem is you need to know the reputation if this is enough for them to trust your fund. This has been discussed here so many times why people avoid KYC compliance on any gambling platform and some prefer to gamble in a centralized gambling platform that has require KYC because they know it is regulated and trusted. Each one of us has a prefer for choosing a casino if you avoid gambling casinos that required KYC I respect your decision because I know you have a valid reason.


Title: Re: Unpopular opinion about crypto gambling
Post by: Yogee on October 21, 2022, 10:53:19 PM
My interpretation with this picture is that, he want’s to gamble but he needs someone to push him play and force him with KYC which later on, he will blame for losing the money. Well, if you are a gambler and understand cryptocurrency already you don’t need someone to tell you why, because you can easily do your own research here. There’s a simple answer here, if you don’t like KYC then don’t gamble.
The more pressing issue in that image is the fact that crypto has been advertised as "anonymous" or "private" that's why they mock anyone who submit their identity. Using crypto in casinos or any other platform that asks KYC is in contradiction or defeats the purpose of why it's been created.


Title: Re: Unpopular opinion about crypto gambling
Post by: noormcs5 on October 21, 2022, 11:01:32 PM
Why ? Just why ?

Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?

I think OP is against the KYC more than the gambling itself.  I too agree that gambling sites which make KYC mandatory are not good for us who want to remain anonymous but usually we don't have many choices but to accept KYC. You can choose on playing non kyc platform but the good ones without kyc are hard to find.


The more pressing issue in that image is the fact that crypto has been advertised as "anonymous" or "private" that's why they mock anyone who submit their identity. Using crypto in casinos or any other platform that asks KYC is in contradiction or defeats the purpose of why it's been created.

There are bad people who will misuse gambling platforms for money laundering and in order to fight them, KYC is implemented.

Anyways, if anyone can share non-KYC reliable gambling sites, it will be good for everyone who are hesitant to share their KYC online.


Title: Re: Unpopular opinion about crypto gambling
Post by: chaser15 on October 21, 2022, 11:07:41 PM
Why ? Just why ?

While sharing that image, you should also add some additional information on what are those crypto-gambling sites that already asking for KYC.

I don't know yet a crypto-gambling site that asking KYC as a mandatory thing.

Not unless if it's about big winnings or something unusual activity on that account, that might trigger the KYC stuffs.


Title: Re: Unpopular opinion about crypto gambling
Post by: Slow death on October 21, 2022, 11:25:25 PM
In the end you need to provide your personal information in life for anything that involves huge amount of money.

*When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.

It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.

the problem is not that of doing something illegal, the biggest problem is the fact that the person has to deliver documents on the internet sites when they are anonymous sites and that the owners of the sites are anonymous, so how a person will feel good and safe to do Is KYC on an anonymous site a good choice? Where do your documents go when you KYC at the anonymous casino? who is keeping an eye on the anonymous casino to make sure your documents are safe and won't be sold to some criminal? how many cases of data sales have we heard? At least I've heard many cases of data sales, there's no way for anyone not to be afraid to KYC on online sites like casinos and exchanges

Why ? Just why ?

While sharing that image, you should also add some additional information on what are those crypto-gambling sites that already asking for KYC.

I don't know yet a crypto-gambling site that asking KYC as a mandatory thing.

Not unless if it's about big winnings or something unusual activity on that account, that might trigger the KYC stuffs.

at least for now we are really safe because crypto casinos only ask for KYC in case of any suspicious activity detected. but in the future governments will put more pressure and casinos will be forced to ask for KYC as soon as the person creates an account


Title: Re: Unpopular opinion about crypto gambling
Post by: goinmerry on October 21, 2022, 11:27:40 PM
Be ready then as maybe in the near future, expect that crypto casinos and bookies might now implement a KYC procedure. That was part of the regulation and gambling sites have no choice but to implement it.

Do we have a choice once it was strictly imposed on us?

My question to OP is, do you still want to do gambling at crypto if ever KYC will be implemented?


Title: Re: Unpopular opinion about crypto gambling
Post by: livingfree on October 21, 2022, 11:32:02 PM
There has to be reasons why casinos are asking us for our KYC. One that I can think of which a very important matter to them and for the government is all about money laundering.

Money launderers are aware of this that they can flow and send their money into casinos and have it replaced.

In that manner they can't be traced that they've laundered money and that's why there's a strict implementation towards it from different casinos that we know of.


Title: Re: Unpopular opinion about crypto gambling
Post by: BitDane on October 21, 2022, 11:39:39 PM
A simple answer, just don't gamble if you don't want to under go KYC. 

Each company has policy but company needs to comply with government regulation.  It isn't the company that wanted you to undergo KYC but it is the government regulation.  Beside government will never accept the excuse of evading KYC because we are using cryptocurrency.


Title: Re: Unpopular opinion about crypto gambling
Post by: Poker Player on October 22, 2022, 03:57:03 AM

His mind will change with time, if it hasn't already. What I think is that this image is outdated. If he was saying it 5 years ago, it would probably be correct to think that it is stupid to gamble in KYC casinos, but nowadays where it is more and more common, and with the trend that is taking us to more and more KYC, it is not that it is stupid or not, it is that in a few years there will be no non-KYC sites that can operate in most countries, as they do now.


Title: Re: Unpopular opinion about crypto gambling
Post by: crwth on October 22, 2022, 04:09:05 AM
Why not? I think it depends on the part where the user wants to play with his crypto anonymously or not because if you have KYC would automatically be linked to the deposit that you are going to do, which could lead to some privacy issues, but if you have trust and the platform is okay, so why not?


Title: Re: Unpopular opinion about crypto gambling
Post by: Nrcewker on October 22, 2022, 04:30:50 AM
I too agree on OP with this particular thing.
I mean we are using crypto for it’s decentralised nature and anonymity. So why the hell crypto casinos asking KYC for each and every gamblers?
Yes you can ask for KYC if you suspect any unusual behaviour from a player, but asking KYC from all is strictly frowned by many of us.
It just wastes the feature of decentralisation and makes me feel like playing in a FIAT casino with giving them my identity details.
Nevertheless it’s just my opinion. Willing to hear what other people have to say on this.


Title: Re: Unpopular opinion about crypto gambling
Post by: Mr. Magkaisa on October 22, 2022, 04:56:11 AM

In short, based on the picture you showed, any cryptocurrency gambling platform that asks for KYC is or its owner is Stupid? If crypto gambling is under-regulated by the government, I think that's normal. Also, a cryptocurrency gambling platform does not dictate or oblige any gamblers to enter or play on their platform.

Apart from that, if you read the rules and policy and see that there is KYC and you also enter, in the end, you will be the stupid one. That's why it's always said here that you do it at your own risk, just in case you have a complaint, you know or we are the ones who made mistakes and shortcomings.


Title: Re: Unpopular opinion about crypto gambling
Post by: Bitinity on October 22, 2022, 07:23:33 AM
I too agree on OP with this particular thing.
I mean we are using crypto for it’s decentralised nature and anonymity. So why the hell crypto casinos asking KYC for each and every gamblers?
Yes you can ask for KYC if you suspect any unusual behaviour from a player, but asking KYC from all is strictly frowned by many of us.
It just wastes the feature of decentralisation and makes me feel like playing in a FIAT casino with giving them my identity details.
Nevertheless it’s just my opinion. Willing to hear what other people have to say on this.

I thought the same few years back when I was new in this crypto industry, at that time even exchange did not ask KYC but it is now required in most exchanges. The same happens in this gambling industry, as it is due to regulation and license. Although most crypto casinos do not take it as mandatory requirement but they have the right to ask it later for specific reason. Even if you do not like KYC in crypto gambling, but you like to gamble, you need to be ready for it or at least you should think about what to do once a casino ask you to complete KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: piebeyb on October 22, 2022, 08:27:40 AM
Since bitcoins are listed on major exchanges where they have to comply with the laws implemented by the government for crypto exchanges, since bitcoin is invested by many famous people, KYC has become the most important rule there to avoid money laundering and has also become a concern of governments in almost every country. to apply it even on gambling sites also follow those rules, besides gambling you will also be asked to complete KYC on exchange sites if you want to withdraw money above 1 BTC, so it's not difficult to follow these rules, don't play on gambling sites if you don't want to. obey the rules and play if you want to follow the rules


Title: Re: Unpopular opinion about crypto gambling
Post by: Wexnident on October 22, 2022, 08:41:21 AM
Can't deny that. Op knows and probably many others as well know how casinos are simply asking for KYC for compliance towards regulations of each country so they can continue to run their casino, I mostly tried to go to casinos without KYC early on even if it was temporary but it just became a pain that I'd accepted it fully after some time. If a reputable casino were to pop out that would fully commit to having no KYC in their entire service then sure I'd go for it, but I hardly doubt it's going to ever happen.


Title: Re: Unpopular opinion about crypto gambling
Post by: swogerino on October 22, 2022, 09:07:47 AM
KYC in most of the trusted and reputable casinos is only involved when you win a huge amount of money,they don't ask you for KYC when you deposit a huge amount of money which I think they should as whales should be known who they are to the platform.

For other people that are normal average gamblers that play there no KYC is involved as long as the amount withdrawn is not significant.So as long as you don't want KYC play with little money or if you want to go all in then KYC is mandatory in order to avoid problems later which may arise because of huge amount withdrawals requests.


Title: Re: Unpopular opinion about crypto gambling
Post by: Slow death on October 22, 2022, 09:57:02 AM
There has to be reasons why casinos are asking us for our KYC. One that I can think of which a very important matter to them and for the government is all about money laundering.

Money launderers are aware of this that they can flow and send their money into casinos and have it replaced.

In that manner they can't be traced that they've laundered money and that's why there's a strict implementation towards it from different casinos that we know of.

even in the anti-money laundering part I understood, but the problem here is:

Couldn't the money launderer create a casino and operate and launder money? so why can the casino owner be anonymous but the customers can't be anonymous, do you have to do KYC? This is the part that doesn't make sense and also when a casino asked KYC which government checks that the casino is not laundering money? if the casinos had US or EU license which are strict then it would make much more sense to ask their customers to KYC, in any case I KYC at the casino I use, I have no problem doing KYC as long as it is an old, reliable and I can see that they care about sponsoring things in the real world, because by sponsoring things in the real world the casino will not steal money from customers and risk having their reputation destroyed and the police after them.

A simple answer, just don't gamble if you don't want to under go KYC. 

Each company has policy but company needs to comply with government regulation.  It isn't the company that wanted you to undergo KYC but it is the government regulation.  Beside government will never accept the excuse of evading KYC because we are using cryptocurrency.

Of course, if the person doesn't want to do KYC then he has to choose a casino where they don't ask for KYC, but the question that makes people not do KYC is because the casino is anonymous and the casino owner is also anonymous, and if the government is talking about money laundering so also a criminal can create a casino and launder money, so I ask again: why is the owner of the casino anonymous and the customer cannot be anonymous? where is the sense in that?

My question to OP is, do you still want to do gambling at crypto if ever KYC will be implemented?

he has no choice, if he loves to play in the casino or if he is looking for profit in the casino then he has no choice if in the future all casinos will ask for KYC right after creating an account, unfortunately in the future all casinos will ask for KYC because the laws of governments are walking for tough laws, especially in the matter of money laundering


Title: Re: Unpopular opinion about crypto gambling
Post by: FatFork on October 22, 2022, 10:01:23 AM
There are several reasons for that. Some casinos have chosen to ask their users for KYC information in order to adhere with the laws and regulations of their jurisdiction. In many parts of the world, the law enforcement agencies and greedy government officials are now watching over online casinos in full force. As a result, some operators have chosen to ask certain users (not all) to submit their identification documents rather than risk legal trouble or being shut down.

The other reason why some casinos ask for KYC information is because they are simply trying to protect themselves from fraudsters and cheats. The casino industry is one of the most vulnerable ones, since all it takes for someone to steal your money is a simple username and password combination. Therefore, many operators have decided that they need more than just your email address before they send you your winnings or even credit balance.

Some casinos may not be asking for KYC because they are still in the development phase and do not want to restrict their player base by requiring identification documents. However, it is important to note that casinos that do not ask for KYC might still be required by law to collect identification documents from their users at some point, so it is always a good idea to read the terms and conditions of your chosen casino before making a deposit. If you are not sure if your casino requires KYC, it is best to contact them directly or post on their social media pages to find out more information.


Title: Re: Unpopular opinion about crypto gambling
Post by: Cryptomiles1 on October 22, 2022, 10:15:40 AM
I have come to understand that kyc is now raising a big issues and concerns. But realistically kyc shouldn't make effectives on the gambling site apart from exceeding the maximum limit otherwise should not frustrates it's uses by passing through difficulties before they could get approved. Most at times those gambling site the withheld payments due kyc or not too visible details to submitted to the sites and will result as banning them or desabling their accounts.


Title: Re: Unpopular opinion about crypto gambling
Post by: BobK71 on October 22, 2022, 10:16:54 AM
No gambler likes KYC but KYC is necessary for some reasons. Sometimes it becomes necessary even if you don't want it. When your money is increased and shows large numbers, if there is a problem due to some error, it will definitely not be acceptable to you. Not only that a casino house can run into any type of lawsuit if it doesn't have KYC will never track the users. I think it is necessary to take a decision considering the negative and positive aspects of KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: Taskford on October 22, 2022, 10:26:30 AM

Its the same with your wallet provider who ask KYC  so get used to it and its not stupid since its part of the system especially if there's money involve. Instead looking at negative side on it much better if you adopt the good side since it will just save us from several incidents which we need to prove our ownership of the account especially if there's something strange or bad happens to our account. If your worried about government tracking users then don't look at it as a problem if you are law abiding citizen but if you do illegal act then you start to worry with that.


Title: Re: Unpopular opinion about crypto gambling
Post by: qwertyup23 on October 22, 2022, 10:34:12 AM
I do not think so- remember that most online gambling websites are respectively mandated by their government to provide KYC documents.

With the popularity of online gambling due to the pandemic, the government has recognized its existence and the need for it to tax in order to provide additional revenue. Bearing this in mind, it is nothing but obvious for them to tax these online establishments for proper regulation of the stream of revenue.

While you do not entirely agree with KYC on crypto gambling, remember that this is only a security feature installed by the government.


Title: Re: Unpopular opinion about crypto gambling
Post by: rozak on October 22, 2022, 10:43:34 AM
The goal is to know you, to know the customer, the most important thing is for safety, to keep the platform safe if the platform is safe then we are all safe too and comfortable playing anything. Crypto gambling at first also non KYC we were free but over time, this industry was highlighted as part of money laundering, the fault maybe casinos so KYC is needed to anticipate it.

you are right, everything develops according to the development and needs of the market. including crypto casinos which currently require more KYC to protect our assets.

Besides, if you don't like KYC, I think there are crypto casino options that don't require it. like an exchange, we can choose CEX or DEX.


Title: Re: Unpopular opinion about crypto gambling
Post by: Darker45 on October 22, 2022, 10:58:47 AM
Well, that's what the government regulators require from them. It is their obligation; they're bound to abide with it. That's not a matter of choice; that's a matter of legal requirement. Their license to operate is tied with it. So they cannot say no to it. And while it may be stupid from a certain viewpoint, it certainly isn't from the point of view of law enforcement authorities. After all, gambling is one hot choice for money launderers to do their thing.


Title: Re: Unpopular opinion about crypto gambling
Post by: robelneo on October 22, 2022, 11:41:49 AM
Making such statements is stupid. Make me change my mind. Why? Just Why?  ;D

I like his way to get his message across, plain and simple with a picture attached to it, going back to the subject, its something that the casino should do so they can retain their license and not be targetted by the regulators, you know we are dealing with money here and many money launderers in the past are using casinos to launder money and KYC is a mean to know if you're legit to play on their casino because online casinos have no way to know who are the legal ones to play because everything is all usernames, compared to physical casinos that they can easily tell if you're legal to play.


Title: Re: Unpopular opinion about crypto gambling
Post by: rhomelmabini on October 22, 2022, 12:24:07 PM
Guys relax, the thread is involving sarcasm and to be honest it's already on the thread - it's an unpopular opinion . Just look at the bolded word.

For me it seems so but there are platforms out there that doesn't require such and in my gambling of crypto in years, I haven't been asked any thorough KYC that may involve sending them your documents. Never. It's really up to the individual if he goes through KYC on that casino and you can't change that if it's on their T&C and required on their casino's jurisdiction.


Title: Re: Unpopular opinion about crypto gambling
Post by: ethereumhunter on October 22, 2022, 12:41:25 PM
It's okay if you think it's stupid because other people will think differently from you and that's normal. But if someone is gambling using crypto for a small amount of money, I guess that's also okay, even if the casino asks for KYC for all its members. Also, people can find the right casino for them and it's not based on whether the casino has KYC or is not being too strict in terms of KYC. But nowadays, there are still casinos that don't apply KYC for their casinos and they ask for KYC randomly so that people can still gamble in that casino.


Title: Re: Unpopular opinion about crypto gambling
Post by: Saisher on October 22, 2022, 12:42:32 PM
There are hardly any Cryptocurrency casinos that will not ask you to do KYC, its an industry practice and they don't want to be targeted by authorities and regulators of course its part of the terms when they get a license, but I cannot convince you that it's stupid to do KYC in Cryptocurrency casinos, all I can say is you are naive and ignorant because it's part of all casinos terms whether old and new casinos if you want to play on them.


Title: Re: Unpopular opinion about crypto gambling
Post by: gunhell16 on October 22, 2022, 12:43:49 PM
KYC in most of the trusted and reputable casinos is only involved when you win a huge amount of money,they don't ask you for KYC when you deposit a huge amount of money which I think they should as whales should be known who they are to the platform.

For other people that are normal average gamblers that play there no KYC is involved as long as the amount withdrawn is not significant.So as long as you don't want KYC play with little money or if you want to go all in then KYC is mandatory in order to avoid problems later which may arise because of huge amount withdrawals requests.

I agree with what you say Sir, and this is what other gamblers don't understand, they only think about themselves. Then the logic is there, of course as a gambler if you don't want a casino that asks for KYC, don't play there, find another casino that doesn't have KYC, it's that simple.

The problem is for others, misunderstand that getting KYC on a gambling platform takes away their rights as a gambler. Of course, that's not the case, in fact, it's even for the security of the assets we have on their gambling platform here in cryptocurrency.


Title: Re: Unpopular opinion about crypto gambling
Post by: YOSHIE on October 22, 2022, 01:24:13 PM
I don't think all online gambling site platforms implement KYC, I don't think anyone is forcing someone to bet on online crypto gambling sites, it's purely individual's will, choice.

Why ? Just why ?
Everyone who gambles has different thoughts and opinions, different understandings, some of us think KYC is unprofessional and too stupid to share online, some think KYC is good to implement, The KYC feature has always been a pro-con among gamblers, especially online gambling.

If someone often bets at land-based casinos, many of them think KYC is a stupid act, this is commonly said by land-casino addicts, but, there is definitely a difference between land-based casinos and online casinos, Land-based casinos are face-to-face whereas online are not, that's why they have to prioritize KYC, it's all for the sake of convenience and security against suspicious actions and fraud.

The bottom line: KYC on crypto gambling sites cannot be equated with land-based casinos, that's a different understanding, opinions may differ in KYC, but for that each of us has different thoughts and desires, kyc is good and gambling sites are not kyc there are also good ones, the problem is betting and wanting to win for the sake of plus.


Title: Re: Unpopular opinion about crypto gambling
Post by: Strongkored on October 22, 2022, 01:50:10 PM
Stupid for him is not stupid for others, because in the end everything is a choice and gambling with fiat is also stupid because it is the same as KYC where your data will be recorded by the casino.
There are also gamblers who have no problem with KYC because they see there is an advantage because it shows about ownership and nowadays it is almost impossible to find a casino without KYC, so it's about choice.


Title: Re: Unpopular opinion about crypto gambling
Post by: Flexystar on October 22, 2022, 01:52:21 PM
Aeyy man, that’s edited picture but let’s talk about it anyways since the guy wants to changed mind. Basically if you are in crypto and you know that it has unprecedented privacy already for transferring funds between the two Parties then you are already getting best out of it.

Now if someone is gonna come out of nowhere asking for KYC free gambling then definitely they are stupid. If you want to be that anonymous then just go to regular casino where thousands of cameras will be staring at you, creating evidences, Once you win you can leave the premises without showing any ID. The only thing is worlds will be watching you.

However, in case of crypto gambling world won’t be watching you, only few developers of gambling site, scratching their nuts every morning wouldn’t even bother to see who you are. Lolz.


Title: Re: Unpopular opinion about crypto gambling
Post by: abel1337 on October 22, 2022, 02:06:41 PM
Stupid for him is not stupid for others, because in the end everything is a choice and gambling with fiat is also stupid because it is the same as KYC where your data will be recorded by the casino.
There are also gamblers who have no problem with KYC because they see there is an advantage because it shows about ownership and nowadays it is almost impossible to find a casino without KYC, so it's about choice.
We do KYC or the casino force us to do KYC because they want our accounts to have an identity for obvious reasons. Most casino's now are doing KYC since it's one of their license requirements or protection from casino abuse and what I see today is not having KYC is becoming one of the many things that a casino can show to us. It can easily become an advantage over other casino that do KYC. We also don't have much options left since every new casino that is launching is doing KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: btcfinans on October 22, 2022, 02:34:40 PM
KYC is a problem when it is used by a rogue casino to confiscate Player's winnings  :-\


Title: Re: Unpopular opinion about crypto gambling
Post by: noorman0 on October 22, 2022, 02:58:27 PM
Not so stupid, there is a certain level of concern for each gambler about his privacy and they will have the exception of entrusting his identity. Especially in countries where gambling is allowed and taxed from it, privacy is not an issue as long as they want to play it safe legally.

Crypto doesn't have to be anonymous all the time.


Title: Re: Unpopular opinion about crypto gambling
Post by: Doell on October 22, 2022, 04:17:00 PM
The goal is to know you, to know the customer, the most important thing is for safety, to keep the platform safe if the platform is safe then we are all safe too and comfortable playing anything. Crypto gambling at first also non KYC we were free but over time, this industry was highlighted as part of money laundering, the fault maybe casinos so KYC is needed to anticipate it.

you are right, everything develops according to the development and needs of the market. including crypto casinos which currently require more KYC to protect our assets.

Besides, if you don't like KYC, I think there are crypto casino options that don't require it. like an exchange, we can choose CEX or DEX.
Actually there are many crypto casinos if small play and small withdrawal is not required KYC, OP should try those popular casinos. If OP play in an unpopular casino here I'm afraid he will lose a lot of money, because we all know there are many good casinos and vice versa, but basically I think OP must be able to adapt with KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: Eureka_07 on October 22, 2022, 04:25:01 PM
<snip>
The only thing that makes this KYC processes stupid within crypto gambling platform is that most casinos are abusing it. It is also often that they ask KYC even though they do not have any license, there's a point but a lot are doing it just to take advantage of the KYC being imposed. It also became stupid because the documents gathered using this Know Your Customer process can be used on identity theft and other illegal related schemes.


Title: Re: Unpopular opinion about crypto gambling
Post by: Mate2237 on October 22, 2022, 05:09:54 PM
Why ? Just why ?

Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?

But there are some companies that didn't indicate it on their T/C until when one win big then they would come up with KYC verification and other documents uploading. Although as you said it is by choice, it will be the option of the gamblers to choose between a company without KYC or with KYC. But as for me I prefer the one with KYC because it has more security than the one that doesn't have it.


But one thing is that if I used my deposit my money with any amount and win a game either small or big I suppose withdraw the fund because  I bet the game play it and win it so I should be allowed to withdraw my wins. I don't see anything wrong of winning big with my own bet. Like what happened in Nigeria almost 3 persons won millions with just a dollar. $1 to win $51,000


Title: Re: Unpopular opinion about crypto gambling
Post by: darkangel11 on October 22, 2022, 05:14:57 PM
Crypto was made to popularize anonymity and ownership of your funds. By sending it to centralized platforms like casinos and also giving them your ID you're breaking 2 things that Satoshi wanted you to have: private money and complete control over your money.
I understand that some of us may be against it.

<snip>
The only thing that makes this KYC processes stupid within crypto gambling platform is that most casinos are abusing it. It is also often that they ask KYC even though they do not have any license, there's a point but a lot are doing it just to take advantage of the KYC being imposed. It also became stupid because the documents gathered using this Know Your Customer process can be used on identity theft and other illegal related schemes.

This is the first thing that always comes to my mind when someone mentions KYC, so I wouldn't try to change his mind. I completely agree with OP's statement.



Title: Re: Unpopular opinion about crypto gambling
Post by: ScamViruS on October 22, 2022, 06:48:32 PM
This is the regular operation of some casinos. Casinos often take advantage of this kyc to cheat gamblers. Because they don't have any problem if you deposit huge amount and they don't have any problem if you lose all that money. But, their problem starts when you win big amount, they will force you to complete kyc. Because they try their best to see if they can somehow walk away without giving that winning fund to the gambler. So you should deposit in a reputable casino, so that even if you complete kyc at least, your personal information will be safe. As a crypto user myself I try to avoid KYC. But unfortunately it is true that many times I am forced to complete kyc despite my reluctance.


Title: Re: Unpopular opinion about crypto gambling
Post by: shasan on October 22, 2022, 09:04:12 PM
Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?
I am not the op but my opinion is we should hate KYC as a bitcoin/crypto lover as the purpose of using bitcoin/crypto is to use it anonymously. But if we use to know your customer then there is no way to use the crypto/bitcoin anonymously. So, I personally dislike it. But you are right we have options too. It is something you do, or you have to do. I mean the maximum site will ask very KYC at any time. Only a few sites may not require to fill out KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: serjent05 on October 22, 2022, 09:28:24 PM
<snip>
The only thing that makes this KYC processes stupid within crypto gambling platform is that most casinos are abusing it. It is also often that they ask KYC even though they do not have any license, there's a point but a lot are doing it just to take advantage of the KYC being imposed.

Well, we have the freedom to choose not to comply with the KYC requirement or evade the gambling platform that requires it totally. 

It also became stupid because the documents gathered using this Know Your Customer process can be used on identity theft and other illegal related schemes.

In a legit business, any user information is protected by data privacy law so any licensed establishment will secure the privacy of their client and won't easily give information or details without a request approved by the judiciary system.

I am not the op but my opinion is we should hate KYC as a bitcoin/crypto lover as the purpose of using bitcoin/crypto is to use it anonymously. But if we use to know your customer then there is no way to use the crypto/bitcoin anonymously. So, I personally dislike it. But you are right we have options too. It is something you do, or you have to do. I mean the maximum site will ask very KYC at any time. Only a few sites may not require to fill out KYC.

But the thing is holding and using cryptocurrency does not entitle us to any special privileges such as KYC exemption.  We are still a citizen of a country and must be obliged to government regulations.  If we do not want to provide KYC, we can just avoid the services that require KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: dothebeats on October 22, 2022, 10:00:03 PM
I'd rather be this level of stupid than to be a "play on a platform with no KYC then get your money scammed" kind of stupid.

Almost all of the crypto gambling platforms require KYC nowadays, and they will, most of the time, only require it to be submitted after you have won a huge amount, or if your activities on the platform became somewhat suspicious. You can still play and you can still enjoy on KYC platforms by just doing the basic KYC if you're not a big baller, and for sure when the time comes that you are required to submit your KYC, your info will still be protected, else the government can easily shut the platform down if they found out that the said gambling platform is not following the guidelines to secure the information of its players.


Title: Re: Unpopular opinion about crypto gambling
Post by: coin-investor on October 22, 2022, 10:12:51 PM
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.


Title: Re: Unpopular opinion about crypto gambling
Post by: gantez on October 22, 2022, 10:31:27 PM
This is the regular operation of some casinos. Casinos often take advantage of this kyc to cheat gamblers. Because they don't have any problem if you deposit huge amount and they don't have any problem if you lose all that money. But, their problem starts when you win big amount, they will force you to complete kyc. Because they try their best to see if they can somehow walk away without giving that winning fund to the gambler. So you should deposit in a reputable casino, so that even if you complete kyc at least, your personal information will be safe. As a crypto user myself I try to avoid KYC. But unfortunately it is true that many times I am forced to complete kyc despite my reluctance.



I think casinos want to begin to make players going through Kyc this is the reason they come up with it as a condition to withdraw the winning you have. If you are a winner, you will be happy going to do the Kyc for you to get your money. That is the plan of

Quote
But unfortunately it is true that many times I am forced to complete kyc despite my reluctance.

This is my point. The casinos know sometimes some players are having no choice but to do it.


Title: Re: Unpopular opinion about crypto gambling
Post by: goldkingcoiner on October 22, 2022, 10:40:17 PM
If you're going to start a new thread then at least make the opening post something worth reading. This is social media level trash, not a topic starter. KYC has both its advantages as well as disadvantages. But everyone is free to make their own choice whether they prefer gambling on a non-KYC platform or a KYC gambling casino. We have both choices and both of them have negative and positive sides. With KYC you can be sure that your identity is linked to your money so in the case something happens, the casino is legally obliged to give you your money back. With non-KYC you do not need to worry about where your personal data is going.

Whether the casino is legit or not is up to you. Do your own research and see if they are licensed.


Title: Re: Unpopular opinion about crypto gambling
Post by: harizen on October 22, 2022, 11:06:05 PM
Why ? Just why ?

We have to be ready that maybe somewhere in the future, KYC will be asked by the gambling site not just because of usual big-related winnings, accounts being monitored doing some unusual behavior, or any related cases that can trigger their alarm and security.

However, I have to disagree that complying with the KYC is a stupid thing just because crypto-gambling is supposed to be anonymous. There are lots of reputable gambling sites around where even though there's the possibility of asking for KYC, still not a mandatory thing to do.


Title: Re: Unpopular opinion about crypto gambling
Post by: noormcs5 on October 22, 2022, 11:10:09 PM
Why ? Just why ?

We have to be ready that maybe somewhere in the future, KYC will be asked by the gambling site not just because of usual big-related winnings, accounts being monitored doing some unusual behavior, or any related cases that can trigger their alarm and security.

However, I have to disagree that complying with the KYC is a stupid thing just because crypto-gambling is supposed to be anonymous. There are lots of reputable gambling sites around where even though there's the possibility of asking for KYC, still not a mandatory thing to do.

You don't have to wait for the future, KYC is already made mandatory in many casinos. In some casinos, where you are allowed to deposit or play with KYC, they won't let you withdraw unless to perform the KYC.

Since the main purpose of gambling is to earn and  then withdraw money. If you cannot withdraw large amount of money with KYC, then it means that KYC is mandatory though casino use it in their favor that they let you deposit without KYC but won't let you withdraw. You can call it as a cheating by the gambling houses.


Title: Re: Unpopular opinion about crypto gambling
Post by: khaled0111 on October 22, 2022, 11:49:00 PM
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance
By "compliance" do you mean being licensed? If yes then I have to disagree with you. There are many licensed casinos which turned out to be scams and, at the same time, there are many trusted services which do not have a license. Having a license has its benefits but it has nothing to do with reputation and it doesn't guarantee you won't get scammed, imo.


Title: Re: Unpopular opinion about crypto gambling
Post by: Rating Place on October 23, 2022, 01:25:29 AM
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.

Nitrobetting


Title: Re: Unpopular opinion about crypto gambling
Post by: Rating Place on October 23, 2022, 01:44:54 AM
Maverick Games  - Isle of Man, mandatory KYC

Nitrobetting - Cost Rica - No KYC unless using a VPN

Some others in Costa Rica, not all trustworthy

Over 10,000 fiat and bitcoin casinos are in Curacao. Not all are trustworthy. None of them completely follow the rules but they follow some of the rules to differing degrees. Most of the time KYC is asked as a way of not paying.



Title: Re: Unpopular opinion about crypto gambling
Post by: Rigon on October 23, 2022, 02:15:28 AM
We need to change some misconceptions. There are many of us who don't like Totally Crypto Casino sites and we don't like their rules.But those of us involved with these cryptocaseinosides have never been cheated by caseinsites.Never seen them cheat. I heard in a news the other day that a Nigerian man won $51,000 dollars a few days ago.But this person took his money well and they were not defrauded.So really we have to avoid all the misconceptions that we are immersed in.We should always think positively.


Title: Re: Unpopular opinion about crypto gambling
Post by: Rating Place on October 23, 2022, 02:30:50 AM
We need to change some misconceptions. There are many of us who don't like Totally Crypto Casino sites and we don't like their rules.But those of us involved with these cryptocaseinosides have never been cheated by caseinsites.Never seen them cheat. I heard in a news the other day that a Nigerian man won $51,000 dollars a few days ago.But this person took his money well and they were not defrauded.So really we have to avoid all the misconceptions that we are immersed in.We should always think positively.

I'd have to disagree with that. 2 or 3 bitcoinbooks have gone under in the last 3 months. After the World Cup ends, a lot more will go under. Here's a list of books that have closed or stiffed players. Some of the closed books did pay all players.

"F" rated books or out of business
1x2coinsportsbook (2018)
1xbit.com (2016)
Ball2Win
Betja (2021)
Betbit
BetCas
betking.io sportsbook closed Nov. 2018.
Betlake.com
betmatch.io closed 2018.
Betraft.com
Betroar.io (2020)
BetVIP
Bitbook
Bitbm
Bitcoinsport
Bitcoinlivebets
Bitcoinrush.io
Bitgame.online (2017)
bitsport.bet
Blockbet
BTCBonusBook (2015).
Casinoco (2015).
Coinbet
Coindrafts (2014)
Cryptobet.com (2020)
Dimecrypto.eu
DirectBet
Ghostbook (TOR)
Gobetgo (2013)
Jetwin.ps
Kawbet.com (2020)
Malubit (2019)
Match365
Pitibet.io D (2020)
Powerbet (2016)
Sportbet.im
StakeBTC
Webetcoins
webet7.com


Title: Re: Unpopular opinion about crypto gambling
Post by: Don Pedro Dinero on October 23, 2022, 03:10:34 AM
I'd have to disagree with that. 2 or 3 bitcoinbooks have gone under in the last 3 months. After the World Cup ends, a lot more will go under. Here's a list of books that have closed or stiffed players. Some of the closed books did pay all players.

Yes, but being asked for KYC, which is what this thread is about, is no guarantee that you won't be ripped off. With how common it is nowadays, I would even say that it is a strategy to go unnoticed. Casinos are also often accused of scamming because they don't ask for KYC when you lose and they do ask for it when you have won a certain amount, although in this case, it is something that is in the ToS of legitimate casinos, even though some illegitimate ones use it as another strategy to scam you.


Title: Re: Unpopular opinion about crypto gambling
Post by: Peanutswar on October 23, 2022, 03:12:53 AM
Why ? Just why ?

~~~
We need to change some misconceptions. There are many of us who don't like Totally Crypto Casino sites and we don't like their rules.But those of us involved with these cryptocaseinosides have never been cheated by caseinsites.Never seen them cheat. I heard in a news the other day that a Nigerian man won $51,000 dollars a few days ago.But this person took his money well and they were not defrauded.So really we have to avoid all the misconceptions that we are immersed in.We should always think positively.

There are a lot of people who want to keep themselves as anonymous we know how the information right now can be used in different things and also if their information gets exposed in the public it is now easier to hackers or spammers to make immediate access to the person itself so this is just one of the factor why they want to keep their information and avoid KYC, but to benefits to the gambling casino and players at the same time is they can now easily make a transaction if there's a problem because they are verified and not tag as bot, spam or having suspicious activities.


Title: Re: Unpopular opinion about crypto gambling
Post by: wxa7115 on October 23, 2022, 03:47:01 AM
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance
By "compliance" do you mean being licensed? If yes then I have to disagree with you. There are many licensed casinos which turned out to be scams and, at the same time, there are many trusted services which do not have a license. Having a license has its benefits but it has nothing to do with reputation and it doesn't guarantee you won't get scammed, imo.

True, but with the huge number of scams that we have in the market of cryptocurrencies many people will prefer to play in a casino that has a license, as at least some procedures were taken to verify the identity of the persons behind that casino.

And unfortunately this means that many gamblers will have to accept identifying themselves at some point, however as you say this is not a guarantee, which is why many gamblers are mad they still have to identify themselves as in any other fiat casino but they are still getting scammed at an alarming rate.


Title: Re: Unpopular opinion about crypto gambling
Post by: lienfaye on October 23, 2022, 03:56:17 AM
It also became stupid because the documents gathered using this Know Your Customer process can be used on identity theft and other illegal related schemes.
This is one of the reason why many gamblers are hesitant to comply on kyc verification or staying away to casinos who have such requirement. There's a possibility for our informations to be used in illegal activities if there's a data breach.

Anyhow, there are still casinos who don't require their players to undergo this verification unless the account is suspicious or exceeds the limit for withdrawal (often this is the case for sudden implementation), so we must be prepared for this if you still want to play in a crypto casino.


Title: Re: Unpopular opinion about crypto gambling
Post by: Haunebu on October 23, 2022, 05:26:06 AM
Why? Are you kidding with me op? KYC is easily one of the most annoying aspects of crypto gambling which is why most crypto gamblers including me detest it and submit it only when absolutely necessary.

KYC basically nullifies the differences between crypto and FIAT gambling sites by eliminating the anonymity feature which sucks big-time in my opinion.

Many crypto gambling sites provide all sorts of excuses such as legalization requirements, security etc in order to justify enforcing KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: Docnaster on October 23, 2022, 07:12:40 AM
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.
I don't know why any time I play in a gambling which does not require kyc, I will feel that anything can happen to the company or my money. I will feel insecure and will play with small money and little wager in order not to win big. No matter how the company says they don't kyc, you must do kyc if you win big or even the company will run away with your money or victimise you. When they say No kyc, have it at the back of your mind that there's some form of kyc at the end.


Title: Re: Unpopular opinion about crypto gambling
Post by: btc78 on October 23, 2022, 07:40:54 AM
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.
I don't know why any time I play in a gambling which does not require kyc, I will feel that anything can happen to the company or my money. I will feel insecure and will play with small money and little wager in order not to win big. No matter how the company says they don't kyc, you must do kyc if you win big or even the company will run away with your money or victimise you. When they say No kyc, have it at the back of your mind that there's some form of kyc at the end.
Maybe you have already some experience about those site that does not ask for KYC but all of a sudden when you wanted to withdraw they will ask?

and also many times that  we have seen this issue here ,. that players made post about they are suddenly being required of KYC .

so legit casino nowadays ask KYC right away upon creating of account.


Title: Re: Unpopular opinion about crypto gambling
Post by: ziportan on October 23, 2022, 11:37:10 AM
it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd


Title: Re: Unpopular opinion about crypto gambling
Post by: ethereumhunter on October 23, 2022, 01:15:16 PM
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.
I don't know why any time I play in a gambling which does not require kyc, I will feel that anything can happen to the company or my money. I will feel insecure and will play with small money and little wager in order not to win big. No matter how the company says they don't kyc, you must do kyc if you win big or even the company will run away with your money or victimise you. When they say No kyc, have it at the back of your mind that there's some form of kyc at the end.
Maybe you have already some experience about those site that does not ask for KYC but all of a sudden when you wanted to withdraw they will ask?

and also many times that  we have seen this issue here ,. that players made post about they are suddenly being required of KYC .

so legit casino nowadays ask KYC right away upon creating of account.
I'm that because he's read a lot of casinos that suddenly ask their members for KYC, especially if they can win a lot of money. So if you spend a lot of money on gambling, be prepared to do KYC. Otherwise, reducing the amount of money you spend gambling might be better. That will help you to avoid KYC. Although you cannot completely avoid KYC, at least you can play gambling without worrying about being asked for KYC. But be careful if you want to do KYC and it's better to play gambling at a reputable casino so that if you are asked to KYC, you do it at a casino that can provide security for your data.


Title: Re: Unpopular opinion about crypto gambling
Post by: dezoel on October 23, 2022, 06:19:45 PM
This is the regular operation of some casinos. Casinos often take advantage of this kyc to cheat gamblers. Because they don't have any problem if you deposit huge amount and they don't have any problem if you lose all that money. But, their problem starts when you win big amount, they will force you to complete kyc. Because they try their best to see if they can somehow walk away without giving that winning fund to the gambler. So you should deposit in a reputable casino, so that even if you complete kyc at least, your personal information will be safe. As a crypto user myself I try to avoid KYC. But unfortunately it is true that many times I am forced to complete kyc despite my reluctance.
Not all mate but there are some casinos who put a notice if how max a user can deposit or play, and they also wrote if what is the minimum deposit so that users funds will not lost. Unfortunately, there are still casinos who works as you describe and maybe it's true that it's one of the ways to steal money because some gamblers won't just do a KYC and choose to abandon their account along with the money that they won.

KYC or not, no one will want to play on an unknown casino because they are afraid that it wasn't fair. If you really want to avoid KYC then you better start reading the terms and conditions of every casino that you play. That's the only way that you can be sure of.


Title: Re: Unpopular opinion about crypto gambling
Post by: blockman on October 23, 2022, 06:24:00 PM
There are people who want to remain anonymous - let's for example take the case. IF someone is so protective on watsapp and hiding their identities I would not trust them - I dont like these kinds of group of people. Rather I like people who are clear and open about the dealing. Wrong info sharing is something I would not believe  even for my small business.
Comparing that with the example of what you've given of people faking their identities or hiding it on social media and having a kyc. I think that there's a huge gap between them.
While most people have to protect their identity online, many are starting to be aware of it and don't include and give all the necessary details that they have to give publicly. It's all on them that they aren't giving the vibes that you can get most information of them in social media, while in casinos that asks for kyc, it's a different matter as it includes your finances just like the banks to know who are their customers.


Title: Re: Unpopular opinion about crypto gambling
Post by: mak013 on October 23, 2022, 06:31:39 PM
I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why? For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryprocurrencies.


Title: Re: Unpopular opinion about crypto gambling
Post by: stomachgrowls on October 23, 2022, 07:24:10 PM
I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why? For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryprocurrencies.
If people would really just simply try to look on what they are currently doing which exposing off their personal information then we are already doing it since from the days where we do enrolling or applying on something

which these information would be mainly be asked or needed.If there's something that you do tend to hide then this is where you dont like to make yourself been known but if none, then i dont really be seeing this

to be a big issue but there are really that people who do give out importance about anonymity but well it is really depending on someones preference.Lets just really that mind off
on how convenient to play when you do have different payment options whether using up your cards or simply with crypto.


Title: Re: Unpopular opinion about crypto gambling
Post by: acroman08 on October 23, 2022, 07:26:38 PM
Why ? Just why ?
I am not gonna try and change your mind but here's another perspective. using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency. besides, even if the crypto casino says they have KYC a lot of them only ask for it in certain situations so there is a chance that you can play for a long time without even being asked to do a KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: erep on October 23, 2022, 08:31:47 PM
Why ? Just why ?
I am not gonna try and change your mind but here's another perspective. using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency. besides, even if the crypto casino says they have KYC a lot of them only ask for it in certain situations so there is a chance that you can play for a long time without even being asked to do a KYC.
Every top casino site does not ask for instant KYC after we register an account, we can play any gambling and can make withdrawals without KYC only unless you win big bets and there are suspicious factors in your account. Just like you said above, that we don't need to avoid top casino sites because they only implement KYC to avoid money laundering and other criminal activities that take advantage of gambling sites.


Title: Re: Unpopular opinion about crypto gambling
Post by: coolcoinz on October 23, 2022, 08:59:55 PM
Why? Are you kidding with me op? KYC is easily one of the most annoying aspects of crypto gambling which is why most crypto gamblers including me detest it and submit it only when absolutely necessary.

KYC basically nullifies the differences between crypto and FIAT gambling sites by eliminating the anonymity feature which sucks big-time in my opinion.

Many crypto gambling sites provide all sorts of excuses such as legalization requirements, security etc in order to justify enforcing KYC.
There are people who want to remain anonymous - let's for example take the case. IF someone is so protective on watsapp and hiding their identities I would not trust them - I dont like these kinds of group of people. Rather I like people who are clear and open about the dealing. Wrong info sharing is something I would not believe  even for my small business.

There's a huge difference between being "secretive" and being normal or irrational.

What do I consider secretive? When you're trying to do business with someone and they don't even want to give you their first name or make up a name, or hide their phone numbers and want you to talk via skype or something.

What is normal then? Not wanting to send someone you don't know a scan of your ID, your full address, your utility bills. This is too much for me which is why i avoid companies that demand KYC. I have nothing to "hide" and I'm fine with registering with my phone or sharing my real name, but I'm not going to show you my ID.


Title: Re: Unpopular opinion about crypto gambling
Post by: Woodie on October 23, 2022, 09:10:19 PM
KYC requirements for crypto gambling is really a late down tbh, especially for most of these new gambling sites getting into the industry with regulations stamped all over their faces. If only they understood the freedom that these cryptocurrencies have been trying to advocate for, kyc would have been kicked out.

I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why?
Quite true but the problem with in-house KYC there is no guarantee that one's data is kept safe and secure as these guys can easily sell it to third parties that could want to use it for other purposes like advertisements etc.

For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryptocurrencies.
Casinos taking fiat payments have some kind of regulatory obligation which they follow and any misuse of customer's data they can be held accountable for it.... unlike crypto based casino's which can close shop any time and not give a x@(& about it.  And you putting card restrictions such as the maximum amount you can spend in a day or something is a clever way of safeguarding your $$$


Title: Re: Unpopular opinion about crypto gambling
Post by: Bobrox on October 23, 2022, 09:16:58 PM
Common crypto casino gambling not allowed have to KYC depend with limited increase for withdrawal, if withdrawal under minimum from term of service at crypto casino gambling is free for withdrawal without have to KYC. I don't think afraid with several gambler disagree with KYC depending their data have share at every cryptocurrency exchange, but crypto casino gambling is difference site and not all gambler want to show their identity about their self active on gambling.  If afraid with KYC have way to withdraw under minimum allowed by crypto casino gambling, but some time if account get abnormal cases need to verify document and submit  KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: serjent05 on October 23, 2022, 10:07:14 PM
This man want to hear opinion form people maybe that could change he's thought about KYC casinos which I don't think nothing is going to change what he thinks and want about crypto casinos. There are some persons that has no problem about using a KYC regulated casinos because they are ready to drop their documents as far as possible to make sure they keep playing bets.

Nope, I think the other way around.  I think the man is ready to debunk any idea that will contradict what is written on the signboard.  The person isn't there to listen and follow but rather to listen and refute.  His statement is indeed somehow solid and there is nothing to refute in there because it is the person's personal belief.

Why ? Just why ?
I am not gonna try and change your mind but here's another perspective. using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency. besides, even if the crypto casino says they have KYC a lot of them only ask for it in certain situations so there is a chance that you can play for a long time without even being asked to do a KYC.

But the thing is not about other people but the person's belief towards the usage of cryptocurrency.  I believe the best course of conversation would be: avoid crypto gambling platform that requires KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: goinmerry on October 23, 2022, 11:34:12 PM
that we don't need to avoid top casino sites because they only implement KYC to avoid money laundering and other criminal activities that take advantage of gambling sites.

Part of the regulation. Also a part of being a legit casino.

Sometimes if a user got a problem with a gambling site that is not regulated, they are seeking help from the government authorities but how can these authorities even help that user if the casino is not regulated?

With casinos being regulated, real owners are not hidden and these can be tracked in case of anomalies. Not sure though if there's a case before where a regulated crypto casino is being penalized by regulators or faces the consequences of violating the law of a government in a certain country.


Title: Re: Unpopular opinion about crypto gambling
Post by: agustina2 on October 23, 2022, 11:59:07 PM
There’s a simple answer here, if you don’t like KYC then don’t gamble.

That was too much though because, in fact, we can still gamble even with KYC.

OP just has to search for those gambling sites that don't have a mandatory KYC.

It's not that it was being asked on registration or else. There are lots of popular crypto-gambling sites that are KYC-free.


Title: Re: Unpopular opinion about crypto gambling
Post by: Haunebu on October 24, 2022, 05:12:03 AM
There are people who want to remain anonymous - let's for example take the case. IF someone is so protective on watsapp and hiding their identities I would not trust them - I dont like these kinds of group of people. Rather I like people who are clear and open about the dealing. Wrong info sharing is something I would not believe  even for my small business.
This is coming from a shill who is advertising a scam site who try their best to stay anonymous in order to avoid getting screwed by the authorities. How freaking ironic. Do you even think before typing this crap?

Anonymity is the core foundation of the crypto world and it's one of the primary reasons why BTC became popular in the first place. It's a feature which makes BTC unique to some extent when compared to popular FIAT currencies.

Also, I advise you to improve your brainpower asap since you desperately need to.


Title: Re: Unpopular opinion about crypto gambling
Post by: slaman29 on October 24, 2022, 05:56:24 AM
I don't think it's stupid at all actually, we have to accept the reality of the situation that everyone these days to run a business is going to have to comply with the laws one day. It's just something unavoidable.

What is stupid is gambling at a casino that you know has stolen people's money in the past just using KYC as an excuse.


Title: Re: Unpopular opinion about crypto gambling
Post by: mindrust on October 24, 2022, 06:06:19 AM
it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd

What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI? Stake.com is a casino, they ain't the Police. If the Police asks them to do this on certain events, then I wouldn't complain even though it sucks but if they do this randomly out of the blue... then It would ruin the good casino image of them I have...


Title: Re: Unpopular opinion about crypto gambling
Post by: Viscore on October 24, 2022, 06:18:09 AM
In the end you need to provide your personal information in life for anything that involves huge amount of money.

*When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.

It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.
Though KYC is still not completely mandatory to all casinos, but as all casinos get centralized, eventually we will end up in a no KYC, no betting rule because that is expected to end in that way. So it’s better to adopt it earlier and accept the fact that all casinos are bound to require strict KYC compliance if you want to play their games. Otherwise, you’ll stay betting in gray casinos and gets no assurance and security on withdrawing your funds.


Title: Re: Unpopular opinion about crypto gambling
Post by: Mauser on October 24, 2022, 06:55:31 AM
One of my favourite meme layouts, you can write anything you want on that white banner. At least you could have tried to match the font of the "change my mind" part so it looks a little bit more real.  Are you against using crypto currencies for gambling, or just against the fact that some online casinos require us to do KYC? Both is fine in my opinion. With cryptos it's very fast to deposit and withdraw money at casinos and if you are not a HODL investor then there is no reason to let your coins sit in your wallet without doing anything. Gambling is a nice way to try and make some income on the side while crypto prices are low. For me I am only using cryptos for gambling when we are far away from the next ATH like right now. And KYC became very common these days for gambling in online casinos. Crypto currencies still have a bad reputation among critics in the sense that they can be easily used to launder money. With KYC the casino are trying to prevent or at least increase the effort for criminals. I don't think there is anything wrong with using KYC as long as the casino stores our personal information safely. Change my mind  :D


Title: Re: Unpopular opinion about crypto gambling
Post by: ziportan on October 24, 2022, 06:56:48 AM
it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd


What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI? Stake.com is a casino, they ain't the Police. If the Police asks them to do this on certain events, then I wouldn't complain even though it sucks but if they do this randomly out of the blue... then It would ruin the good casino image of them I have...

https://ibb.co/gjxRMpT

First thing i do is verify my account, when i register to a bookie. And after seeing this shit, i just left my account like that without depositing shit


Title: Re: Unpopular opinion about crypto gambling
Post by: Peanutswar on October 24, 2022, 07:34:21 AM
that we don't need to avoid top casino sites because they only implement KYC to avoid money laundering and other criminal activities that take advantage of gambling sites.

Part of the regulation. Also a part of being a legit casino.

Sometimes if a user got a problem with a gambling site that is not regulated, they are seeking help from the government authorities but how can these authorities even help that user if the casino is not regulated?

With casinos being regulated, real owners are not hidden and these can be tracked in case of anomalies. Not sure though if there's a case before where a regulated crypto casino is being penalized by regulators or faces the consequences of violating the law of a government in a certain country.

There are some people abusing the current bonuses, rewards and etc. on the casino and that's why the casino ask for KYC to know that they are not a bot at the same time is they can't create another account to abuse the current rewarding system, also some of the people today are trying to avoid the KYC because we know how the personal details are important than the small amount of money just to withdraw, but the perks of the KYC to is it is more convenient to us to make a recover with our account and also tracking the transactions and fast withdrawals.


Title: Re: Unpopular opinion about crypto gambling
Post by: mak013 on October 24, 2022, 09:17:34 AM
I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why? For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryprocurrencies.
If people would really just simply try to look on what they are currently doing which exposing off their personal information then we are already doing it since from the days where we do enrolling or applying on something

which these information would be mainly be asked or needed.If there's something that you do tend to hide then this is where you dont like to make yourself been known but if none, then i dont really be seeing this

to be a big issue but there are really that people who do give out importance about anonymity but well it is really depending on someones preference.Lets just really that mind off
on how convenient to play when you do have different payment options whether using up your cards or simply with crypto.
It is so. I can understand men, that makes their best to hide private data. But they not only use cryptocurrencies and don`t gamble in casinos with KYC. And the most part of cryptocurrency gamblers just like to think that they are protected if they just use cryptocurrency, but it is not so - they make just a little part of actions they have to do if they want to be anonymous.


Title: Re: Unpopular opinion about crypto gambling
Post by: inthelongrun on October 24, 2022, 09:56:24 AM
I always prefer non-KYC gambling sites, not because I want to stay away from taxation but it's because I always want to live a private life. But when it is necessary, I will submit myself to KYC. I understand that sometimes it is really needed and I am not scared of it since I am not doing something illegal.

Sometimes, we always think about our own privacies. But we also want to live in perfect harmony. But we do know that sometimes authorities need the information to deliver the peace we want and of course, they want to collect their taxes. Money laundering is rampant coming from different illegal activities like drugs, sex trades, kidnappings, robberies, and many more. So I can understand that these crypto gambling sites sometimes need our KYC, especially on big amounts. 


Title: Re: Unpopular opinion about crypto gambling
Post by: gabbie2010 on October 24, 2022, 10:27:11 AM
I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.
I don't know why any time I play in a gambling which does not require kyc, I will feel that anything can happen to the company or my money. I will feel insecure and will play with small money and little wager in order not to win big. No matter how the company says they don't kyc, you must do kyc if you win big or even the company will run away with your money or victimise you. When they say No kyc, have it at the back of your mind that there's some form of kyc at the end.
To be on a safer side is to play or gamble with sites who requires KYC, of course there are numerous ones available online however there are other non KYC sites too, whose credibility and trust is at stake dealing with those sites is at your own risk, though there are few trusted gambling ones which are well secured and very popular however, they might only requires mandatory KYC when you win big, to remain anonymous means you have to stake with small amount of money and win considerably or avoid winning huge money, KYC or non- KYC depends on individuals some gamblers don't really care about it while others wouldn't reveal their indentities in the name of KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: NewRanger on October 24, 2022, 11:36:09 AM
I don't think it's stupid at all actually, we have to accept the reality of the situation that everyone these days to run a business is going to have to comply with the laws one day. It's just something unavoidable.

What is stupid is gambling at a casino that you know has stolen people's money in the past just using KYC as an excuse.
but its really unnecessary to pas kyc in gambling platform,we use crypto which is decentralized at platform where are alot gamblers want their identity  keep secret. In legalizer countries that take tax from casino or gambling platform, they will need customer's data and of course alot gamblers Will reject it. Its a place for money laundry so no one will track their money flow.


Title: Re: Unpopular opinion about crypto gambling
Post by: Chlotide on October 24, 2022, 03:00:33 PM
Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?

What's the use of using crypto to gamble on a KYC requestion platform ? One of the reasons for gambling with your crypto would be privacy. If I need to send them my ID and house bills that becomes pretty redundant.
Also crypto can appreciate in time and future profits are also lost.

Might as well gamble fiat if KYC is involved

I guess when your bankroll is huge (maybe over $10k or $100k?! Or even higher?!) you want some protection and you are ready for KYC or anything else that can/will help you if some problem appears!

What are you talking about ? KYC protects the platform and is required by legislators in most cases. What does the regular joe benefit from that ?

When it comes to us small-time gamblers avoiding KYC is probably some kind of rebellion, between everything else, we can pass it but the question is why do we need it? We like crypto because of the freedom it gives us... and some of us are not ready to abandon that freedom. Anyway, if you are a fair player you will be treated fair, with KYC or without.

You are contradicting yourself there mate. You either want freedom or kyc ? pick your poison already !

In the end you need to provide your personal information in life for anything that involves huge amount of money.
...
It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.

satoshi (https://bitcointalk.org/index.php?action=profile;u=3) would turn is his blockchain grave if he saw your post.
That narrative that if you don't have anything to hide than you should say everything is so overrated. People died or went to prison for life because they believed in free speech and privacy. Don't make all that be in vane.

it is absolutely OK to have a different opinion from what others consider normal concerning a matter, we should all learn to respect that.

You got complacent with the norm awfully fast !

I don't need to change your mind, do i ???

If you don't want to change my mind or come with some insight on the matter than why the F did you reply ?
"I just called to say I don't have any opinions. It's up to you. " . WOW ! :o

I won't try to change your mind Xd but i will try explain why. the casino won't get an agreement from any company if they don't do they can have problems, because of money laundering especially with large amounts. If there's no KYC everyone will be able to deposit and withdraw no matter what his source of money came from. That's my opinion. Even i kniw it's bithering especially when you can deposit when as much as you can and then get asked to upload your documents in order to withdraw.
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures

The part with money laundering I get. But again, kyc ONLY HELPS THE PLATFORM ! So they can prove to governing bodies that they did not take part, at least willingly, in any sort of money laundering activity. But for users is't just a p.i.t.a. Fail to see how am I more secure after sending ID copy. sorry.

If they have gaming license, they have no choice but to implement the AML/KYC protocols.
This is why if there is some suspicious amounts getting in, some of them may ask for proof of funds.
I believe, we can't avoid this to happen these days as crypto casinos are getting regulated by the government already.
For most non-licensed, they may not require KYC but for new ones, it is still hard to trust them especially if you have significant amount of money.
Now, it is on your own disposition whether you will play on licensed or non-licensed casinos. It is your own risk you are taking here.

Do you trust Electrum ? Do you trust Wasabi, at least before the update (https://bitcointalk.org/index.php?topic=5405325.0) ?
Each of them have started like community projects and slowly gained all the trust they enjoy today. Trust is not something that can be bought with flashy ads or even a seal of approval from the gov. It takes time. Why cut corners ?

Anyway way, I believe it is also stupid to think that holding cryptocurrency enables us to have the special privilege of being exempted from government regulation.  ;D

Than go post on sec.financetalk.org

It because humans are difficult to control and will always want to extort a given system that is why kyc is implemented in gambling and other related Industries still kyc it is been abused by the regulators.

Well I'm not too fond of the control part. Is that wrong ? you yourself admitted that regulators abused their power.

Of course, we don't want to go to KYC procedure because it is against the basic tenent of crypto which is anonymity, but this is now the world we live in, regulators are coming in full force so it's either we adapt to survived or move. And so I guess others will have to follow to be able to stay in the world that we love to move now, which is crypto space.

This is what happens when we let the men in suits take all the decisions. Crypto was invented by the nerds from the shadows.
The planet should be big enough for all of us, suits or privacy seeking nerds.

There are many reasons users do not like KYC. Some users want to be anonymous to avoid things such as taxes. Some other reasons may include underage, gambling illegal in their area, or hacker using stolen funds.

I'm sure there are other legit reasons but none that I can think of.

I do want to make a point about gambling not available in certain areas though. I feel like it's our money, we should be able to use it however the fuck we want. Unfortunately, governents do not agree with that. They want their piece. I think if all sites were able to kyc their customers and send tax documents, then most countries would allow us to gamble.

So it's less about the protection of gamblers and mostly about the bottom line. What a shock ! Found a few words on the matter on https://casinohipster.com/casino-license-why-important/ so let's break them down:

Quote
As a player, do you need to be interested in the casino license?

In short: yes, you should. Whenever you sign up for an online casino, you are giving them your personal details. You do not want wrong parties to gain access to your name, date of birth and address.

You also want to be 100% sure that your payment information is handled safely and securely to prevent abuse. Not only do you want to be sure that deposits are processed correctly, but the same also goes for withdrawals.

Furthermore, it would help if you were assured that your complaint would be handled correctly whenever you have a complaint or issue with the casino.

The first point is my point exactly.
The second paragraph mentions payment info. With crypto payment transfers would not be a problem. With withdrawals maybe, but then we go back to the trust concept I mentioned above.
Complaints handled correctly: casinos have pretty good ToS in their favour so the phrase "the customer is always right" does not really apply.

if you avoid gambling casinos that required KYC I respect your decision because I know you have a valid reason.

 ;)

I like his way to get his message across, plain and simple with a picture attached to it, going back to the subject, its something that the casino should do so they can retain their license and not be targetted by the regulators

I do like a minimalist approach

Guys relax, the thread is involving sarcasm and to be honest it's already on the thread - it's an unpopular opinion . Just look at the bolded word.

Actually used the phrasing "unpopular opinion" because I knew most of the replies would be from users with casinos in the signature.

Because they don't have any problem if you deposit huge amount and they don't have any problem if you lose all that money. But, their problem starts when you win big amount, they will force you to complete kyc. Because they try their best to see if they can somehow walk away without giving that winning fund to the gambler. So you should deposit in a reputable casino, so that even if you complete kyc at least, your personal information will be safe. As a crypto user myself I try to avoid KYC. But unfortunately it is true that many times I am forced to complete kyc despite my reluctance.

Pretty much agree with you. The same kyc that is supposed to assure that your complaint would be handled correctly are also used to deny your winnings.

asking for KYC details => they get a gambling license => stricter protocol so your date is secure
I know a way to keep my data secure: keep it to myself !

I am not the op but my opinion is we should hate KYC as a bitcoin/crypto lover as the purpose of using bitcoin/crypto is to use it anonymously. But if we use to know your customer then there is no way to use the crypto/bitcoin anonymously. So, I personally dislike it. But you are right we have options too.

Can you name a few of those options ? Or were you referring to kyc and gamble or do not gamble then ?

I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.

Let's just agree to disagree ! I'm glad you can sleep better filling kyc forms wherever you click.
"illegal to run a project online which ask people to deposit" sorry but imho that must be the weirdest thing a user named "coin-investor" can say. all I can say is MUCH WOW! SO KYC !

By "compliance" do you mean being licensed? If yes then I have to disagree with you. There are many licensed casinos which turned out to be scams and, at the same time, there are many trusted services which do not have a license. Having a license has its benefits but it has nothing to do with reputation and it doesn't guarantee you won't get scammed, imo.
it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd

+1

using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency.

maybe some fancy the anonymity benefits.
gamblers like there are many gambling sites ? what's your point ?

What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI?

Good morning sunshine !

There are some people abusing the current bonuses, rewards and etc. on the casino and that's why the casino ask for KYC to know that they are not a bot at the same time is they can't create another account to abuse the current rewarding system

I agree but why did that transform into a me problem ?


Title: Re: Unpopular opinion about crypto gambling
Post by: Jawhead999 on October 24, 2022, 03:21:46 PM
I don't think it's unpopular opinion in this section, most people are discuss about KYC concern in casinos, but they're forget if they're gamble on licensed casino which is a KYC casino lol. I always giving advice to not gamble on KYC casino because we don't know what behind of the casinos and what if they're sold our KYC to rich people or scammer. I think as long as they're don't have any problem, they're don't care until it's already to late.


Title: Re: Unpopular opinion about crypto gambling
Post by: khaled0111 on October 24, 2022, 03:31:16 PM
Players, especially new players, need to realize that just because you are playing on a crypto casino doesn't mean you reserve the right to remain anonymous.
Crypto casinos as any other type of casinos or online business have to comply with regulations.
If the casino is regulated and licensed, then it doesn't matter if it's a crypto casino or not, all the players need to realize that they may need to verify their identity at some point.


Title: Re: Unpopular opinion about crypto gambling
Post by: mdzahed134 on October 24, 2022, 04:23:32 PM
I have experienced with a couple of reputed crypto gambling platforms, but there are no KYC requirement. As far as i know that they only ask your documents when you are suspicious in their eyes. Personally, i don’t like KYC in crypto because i'm concern about my identify, i heard so many times here most possibility to abuse our personal documents and it’s true.  


Title: Re: Unpopular opinion about crypto gambling
Post by: bocyaj on October 24, 2022, 04:30:05 PM
The people who not like the kyc on trading of crypto currency will get into the gambling.But some platform forces the people to verify their kyc in order to make use of crypto currency.The people who uses gambling for the entertainment will not like to show their kyc.So it’s better to omit the kyc in crypto currency based gambling.It should be consider by gambling websites.


Title: Re: Unpopular opinion about crypto gambling
Post by: shasan on October 24, 2022, 08:12:12 PM
But the thing is holding and using cryptocurrency does not entitle us to any special privileges such as KYC exemption.  We are still a citizen of a country and must be obliged to government regulations.  If we do not want to provide KYC, we can just avoid the services that require KYC.
you are right and I agree with you that we are a citizen of a country and we have to obey the government regulations. But when we have overcome any banking system and where there is no KYC requirement to send funds from P2P, there should have no restriction for gambling too. Many gambling sites do not require KYC until there happens any problem for a specific user.


Title: Re: Unpopular opinion about crypto gambling
Post by: Wiwo on October 24, 2022, 08:27:49 PM
But the thing is holding and using cryptocurrency does not entitle us to any special privileges such as KYC exemption.  We are still a citizen of a country and must be obliged to government regulations.  If we do not want to provide KYC, we can just avoid the services that require KYC.
you are right and I agree with you that we are a citizen of a country and we have to obey the government regulations. But when we have overcome any banking system and where there is no KYC requirement to send funds from P2P, there should have no restriction for gambling too. Many gambling sites do not require KYC until there happens any problem for a specific user.
The situation with KYC is changing these days and more and more casinos are beginning to ask their customers for KYC verification, but there are still some exceptional situations where players look for none KYC casinos and play on them alone. Just as we have decentralized exchanges that do not require KYC so we also have casinos that are decentralized and will never ask players for document verifications.


Title: Re: Unpopular opinion about crypto gambling
Post by: Mahanton on October 24, 2022, 09:52:27 PM
There’s a simple answer here, if you don’t like KYC then don’t gamble.

That was too much though because, in fact, we can still gamble even with KYC.

OP just has to search for those gambling sites that don't have a mandatory KYC.

It's not that it was being asked on registration or else. There are lots of popular crypto-gambling sites that are KYC-free.
Many of the sites we do use to gamble has little KYC that is not task requiring so to make there site be able to know there customers and give them the best offers and games. Some gambling sites do not require KYC which they know different ways on how to make users or gamblers to give them orake them fill for KYC. We just need to bet on sites that we like.
Do you know that so many people find it very difficult to accept a platform that is using a kyc verification so if kyc is a problem people are having a gambling that means known of them is ready to be sincere in the morning because only work kyc determined is the verification to know if you are worthy to claim your bed or your formed which you have already won during the process of birthing so we did that documentation or document we can be able to claim your your forms
When it comes to personal identifications and information then each person does have their own level of risk taking where there are ones who cant really just afford on making out exposure and to those who
do simply accept and just be fine on giving out information considering that they have been doing nothing then there's nothing to be afraid off.
Its a personal choice but in overall which majority is really that too in concern about exposing their identities even on playing gambling.
So its a personal choice and since we do have different choices and options then this wont really be that much of an issue.


Title: Re: Unpopular opinion about crypto gambling
Post by: Heartilly on October 24, 2022, 10:07:39 PM
What's the use of using crypto to gamble on a KYC requestion platform ? One of the reasons for gambling with your crypto would be privacy. If I need to send them my ID and house bills that becomes pretty redundant.

While looking for that privacy why do you choose crypto-gambling, do you mean you are also comfortable playing gambling with an anonymous crypto-casino?

That's why regulators came in to protect the users and ensure that they are playing only against a reputable casino. If these crypto-casinos are not regulated, how can they even protect those users that will experience scams because of the site?

Part of the regulation is the KYC requirements but can you please tell me what crypto-gambling sites mandate KYC for their users?

Stop with this "crypto-gambling = privacy" because even before, you should expect that we can't fully enjoy crypto without a touch of centralization.


Title: Re: Unpopular opinion about crypto gambling
Post by: serjent05 on October 24, 2022, 10:32:44 PM
Do you know that so many people find it very difficult to accept a platform that is using a kyc verification

I do not think that so many people are having difficulty to accept platform that requires KYC verification.  If your statement is true then we should not see platform that requires KYC flourish, but we can see lots of centralized exchanges booming even after the implementation of KYC,  fiat base online gambling is another example and at the current situation, crypto gambling platform is also booming even though they are starting to implement kYC.


so if kyc is a problem people are having a gambling that means known of them is ready to be sincere in the morning because only work kyc determined is the verification to know if you are worthy to claim your bed or your formed which you have already won during the process of birthing so we did that documentation or document we can be able to claim your your forms

Say what?  somehow I got confused here, can you clarify what you mean by this part?


Title: Re: Unpopular opinion about crypto gambling
Post by: bhooscream on October 24, 2022, 10:41:24 PM
Why ? Just why ?

Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?
I ma is sure that he meant the KYC. Many people are doing gambling activities by avoiding revealing who they are exactly in the real life, this is the purpose of having the privacy and anonymous n the gambling platfrm. However if using crypto, this is the way to ignore being revealed. But, if someone is choosing the crypto gambling platform that requires any KYC, it means that their effort to be private is nonsense. This is exactly the fact. But sometimes, we have no chocie because we love the platfomr and we must do KYC.
Howeevr as yuo said that tehre are also many crypto gambling platforms that require no KYC, so this is our own choice.


Title: Re: Unpopular opinion about crypto gambling
Post by: strunberg on October 24, 2022, 11:26:14 PM
Why ? Just why ?

Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?
he is trying to attact gambling site with kyc reason. If he is player i am believe there will several solution for this problem. Alot gambling platform that allow customer using anonymous id, i am believe even in countries that legalized gambling , they still have a space for user that prefere keep their privacy.


Title: Re: Unpopular opinion about crypto gambling
Post by: slaman29 on October 25, 2022, 07:11:02 AM
I don't think it's stupid at all actually, we have to accept the reality of the situation that everyone these days to run a business is going to have to comply with the laws one day. It's just something unavoidable.

What is stupid is gambling at a casino that you know has stolen people's money in the past just using KYC as an excuse.
but its really unnecessary to pas kyc in gambling platform,we use crypto which is decentralized at platform where are alot gamblers want their identity  keep secret. In legalizer countries that take tax from casino or gambling platform, they will need customer's data and of course alot gamblers Will reject it. Its a place for money laundry so no one will track their money flow.

Then you missed my entire point totally here.

It is necessary to run a crypto business nowadays and keep compliant with laws and regulations. That is simply the price one has to pay for crypto to be legal, recognized etc. Which everyone seems to want for crypto and yet won't pay the price.

Crypto may be decentralized but casinos that are trusted, reputable, that pay out, they're not. Want to try gambling at decentralized casinos? Think they can give you promos and odds as beautiful as centralized casinos that have to obey the law?

I see a hell lot of people like you talk about gambling and decentralized gambling but these guys don't even bet and don't even know how gamblers wanna bet. Gamblers enjoy VIP experience and want to enjoy feeling safe in a trusted environment because they enjoy being customers. For sure there is some whale crypto anonymous players but they are not even using this forum :)


Title: Re: Unpopular opinion about crypto gambling
Post by: aioc on October 25, 2022, 07:49:06 AM

So the whole community is stupid based on your opinion, but can you give us casinos that do not ask KYC and are still reputable, I don't know if you can come out with a good list, all the reputable casinos in the industry are implementing KYC and they have a good reason why they asked KYC, they want all their players of legal age and all their players are not coming from a country where they restrict and asking KYC is the only way to do that, you are so ignorant not to know this if you have read and understand the TOS of these casinos you'll understand the need for KYC.


Title: Re: Unpopular opinion about crypto gambling
Post by: btc78 on October 25, 2022, 10:22:59 AM
No matter what is your demand and stand here? yet  gambling in crypto will always ask for KYC, so if you don't wanna be part then best to deal in different way of gambling because this is what it is here in crypto.
I once hate this also but eventually as time passes by, I start to understand why this has been asked and why we need to comply.
If you don't like to do KYC, just don't gamble.
Indeed , Same thought here mate, if we don't want to go through KYC then lets not gamble at all.


Title: Re: Unpopular opinion about crypto gambling
Post by: virasisog on October 25, 2022, 10:44:21 AM
KYC is implemented to ensure that all who would use the platform are of legal age, and avoid money laundering or any other illicit activities. It's part of their compliance to be able to operate while abiding by laws and regulations required by the government. It's normal for anyone to undergo KYC if a huge amount of money is involved to ensure that the casino will not be used in illicit activities. We can't deny that there are a lot of people who uses crypto to abuse being anonymous, but crypto casinos operates in accordance to law same as an offline casino.


Title: Re: Unpopular opinion about crypto gambling
Post by: Haunebu on October 25, 2022, 12:50:35 PM
So the whole community is stupid based on your opinion, but can you give us casinos that do not ask KYC and are still reputable, I don't know if you can come out with a good list, all the reputable casinos in the industry are implementing KYC and they have a good reason why they asked KYC, they want all their players of legal age and all their players are not coming from a country where they restrict and asking KYC is the only way to do that, you are so ignorant not to know this if you have read and understand the TOS of these casinos you'll understand the need for KYC.
Stop spreading wrong information. It is true that more and more crypto gambling sites are asking for KYC in order to comply with the regulators for the sake of their licenses, but this doesn't imply that there are no reputable sites which don't ask for KYC.

Have been gambling at Crypto.Games, Sportsbet, Bitcasino etc for sometime now and I was never asked to submit my KYC so far.

You will always be able to find legit crypto gambling sites that don't require KYC(Unless they find something shady or if you win big) in my opinion.


Title: Re: Unpopular opinion about crypto gambling
Post by: Daltonik on October 26, 2022, 07:50:17 AM
The question regarding KYC for most gamblers is a question of trust in online casinos, if the platform is reliable and you do not want to lose your funds not so much from losing the game as from the possibility of blocking your account, so KYC or not is an individual question and this is a given.


Title: Re: Unpopular opinion about crypto gambling
Post by: Baofeng on October 26, 2022, 09:28:30 AM
KYC is implemented to ensure that all who would use the platform are of legal age, and avoid money laundering or any other illicit activities. It's part of their compliance to be able to operate while abiding by laws and regulations required by the government. It's normal for anyone to undergo KYC if a huge amount of money is involved to ensure that the casino will not be used in illicit activities. We can't deny that there are a lot of people who uses crypto to abuse being anonymous, but crypto casinos operates in accordance to law same as an offline casino.

And it could really be the norm moving forward, crypto based casinos are going to ask for KYC to verify everything is not a missed specially if you win huge amount of money.

Although myself? I haven't asked to go to a KYC because I haven't been winning big in the thousands of dollars but in any case, I don't have a choice and will go to the mandated KYC to withdraw my winnings.


Title: Re: Unpopular opinion about crypto gambling
Post by: rodskee on October 26, 2022, 10:03:22 AM
There’s a simple answer here, if you don’t like KYC then don’t gamble.

That was too much though because, in fact, we can still gamble even with KYC.

OP just has to search for those gambling sites that don't have a mandatory KYC.

It's not that it was being asked on registration or else. There are lots of popular crypto-gambling sites that are KYC-free.
Many of the sites we do use to gamble has little KYC that is not task requiring so to make there site be able to know there customers and give them the best offers and games. Some gambling sites do not require KYC which they know different ways on how to make users or gamblers to give them orake them fill for KYC. We just need to bet on sites that we like.
Do you know that so many people find it very difficult to accept a platform that is using a kyc verification

So many people? lol crypto gamblers nowadays are starting to learn how to deal with KYC because admit it or not?  this is obligatory in the future.
Quote
so if kyc is a problem people are having a gambling that means known of them is ready to be sincere in the morning because only work kyc determined is the verification to know if you are worthy to claim your bed or your formed which you have already won during the process of birthing so we did that documentation or document we can be able to claim your your forms
What are you talking about? I believe you are the only one that understand that comparison of Bed and Gambling lol.


Title: Re: Unpopular opinion about crypto gambling
Post by: danadc on October 26, 2022, 01:00:38 PM
Why ? Just why ?

Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?
he is trying to attact gambling site with kyc reason. If he is player i am believe there will several solution for this problem. Alot gambling platform that allow customer using anonymous id, i am believe even in countries that legalized gambling , they still have a space for user that prefere keep their privacy.
That interests me, is there a clause for players who want anonymity and privacy? Can you be taking this as a special service? because if it is a special service and that you have to pay a monthly fee or something like that just for the right to have your anonymity it is something new and that you did not know if it existed, it may be that this is one of the things that many players are They can come to this casino, if a casino that offers all these things, and apart from that they guarantee that they do not touch them, not even by government orders, is something that would be like a VIP service, this type of case should be dealt with by casinos.


Title: Re: Unpopular opinion about crypto gambling
Post by: Chlotide on October 29, 2022, 06:58:55 PM
I legit was hoping for a conversation, not a place to spam sig posts.

A bit worried that most of you hand out id that easly but that's not a me problem after all.

It seems my mind was not changed after all

Thread locked !