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 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 !
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 ?
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.
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:
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 ?
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