What would be an ideal KYC solution?

[maydna]

There are a few sites where you have to identify yourself with the KYC procedure when you register your own. Actually, that is also the most honest. That way you can never get conflicts or problems with bets placed. How many times have we seen gamblers make a deposit, place a lot of bets and then the gambling site steps in to say that the KYC has not been completed or that there is fraud or something like that? It's a shame it's like this, but it's the reality. By performing the KYC immediately upon registration, you prevent a lot of problems.

You should check the casino site you are using and old users will explain KYC requests, but almost all casinos recently will ask users KYC after account registration or after deposits and withdrawals, so KYC is inevitable if betting on every casino and but we should be aware of the use of KYC to enhance account protection and prevent crime from money laundering.

More and more, we can't avoid KYC because this seems to be an obligation, and we also have to be prepared if one day a casino asks us to do KYC. And even though, for now, the casinos where we gamble don't require KYC, there is a possibility that it will happen, especially when regulators pressure the casinos to apply it to all of their members. But we can still hope that we will not be among the people asked to do KYC because we are just little gamblers trying to play gambling for fun.

Well this is something that cannot be avoided, I think the same as you, but there must be better things that come out in the future, for me one of the best platforms that do not ask for KYC is freebitco.in, and the truth is that I have played for a long time time, but I never worried about knowing if they asked for KYC, until not long ago I found out that they didn't ask for it, because I imagined that when people were going to withdraw large amounts from the platform they asked for it, so I think that here is what can be done It is that there are many options like this, and those who really like their preferred casino have to stick to their KYC criteria.

Freebitco.in is a legend that still exists today and does not ask its users to do KYC. But I don't know if the government also wants to collect more taxes on them, the site will ask its users to do KYC. But for an ideal KYC solution, maybe casinos don't need to do very strict and complete KYC. It's only enough to ask for user identity without asking for proof of income, bank proof, or other personal data so it doesn't burden most gamblers to verify their accounts. . If casinos can do this, I think many gamblers, both small and big, will do it, especially if they play gambling in a trusted casino.

[mindrust]

What would, in your opinion, be the best balance here?

Ideal KYC is no KYC. The best KYC is a dead one.

There are already zero KYC casinos which you can trust. One of them is freebitco.in. You don't have to bow your head and hand over your passport scans every time they ask from you. Fuck that. Binance did this to me when I got a few hundred bucks inside and I was mad af. That's why I am not creating an account on any pro-KYC services anymore.

[coinerer]

What would, in your opinion, be the best balance here?

Ideal KYC is no KYC. The best KYC is a dead one.

There are already zero KYC casinos which you can trust. One of them is freebitco.in. You don't have to bow your head and hand over your passport scans every time they ask from you. Fuck that. Binance did this to me when I got a few hundred bucks inside and I was mad af. That's why I am not creating an account on any pro-KYC services anymore.

No casino site is trustworthy without KYC.  Because, that will not demand KYC from you for any big thing.  That site can definitely ask you for kyc anytime or anywhere. If it happens that you are gambling with a big amount on the casino site without kyc and  they ask you for kyc at a time when you are not ready to give KYC.  What will happen to your account and funds then?

[QueenVera]

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

Efialtis from BTCGosu mentioned that some of the casino managers make exceptions, and I can imagine how that's possible, but I'm curious in what you would like to see there.

Regarding KYC: Their management confirmed with me personally that they would not enforce KYC. (Same old story, we could of course argue about that just like with any curacao licensed crypto casino) - the good news is when I have personal confirmation of such a statement, then I am putting a "No" and if they break their word at any point of time, I would take action. That is how I have always been handling this topic and how I will continue doing it.

I had to quote your entire topic because I do understand whatost of this casinos grow through just to please their customers who most times seem to be really inconsiderate and that isn't always fair.
Most times we the users prefer to beied to rather than accepting tye truth and trying to cop with it, we rather prefer to take short cuts that looks so promising but ends up to failure or destruction.
The moment I see a casino being licensed and duely registered, I always understand that they're automatically under a whole lot of rules and regulations themselves while still trying to please we the users.
Most times I always have to blame the users as people responsible for making this gs difficult for ourselves giving room for criminality in the gambling industry

[Lucasgabd]

DEX everything and go no KYC
I agree that KYC is a rule that starts dead and will incentivize bad behavior by users
Like buying documents from others or paying someone else to KYC for you

[AicecreaME]

What would, in your opinion, be the best balance here?

Ideal KYC is no KYC. The best KYC is a dead one.

There are already zero KYC casinos which you can trust. One of them is freebitco.in. You don't have to bow your head and hand over your passport scans every time they ask from you. Fuck that. Binance did this to me when I got a few hundred bucks inside and I was mad af. That's why I am not creating an account on any pro-KYC services anymore.

There are really casinos that do not require KYC. You just have to find the ones that hold credibility and reputation so that you will get your money's worth and you won't undergo hassle and stress when you encounter troubles. Good for you that you already found one since you are not fond of verification processes.

When it comes to making an account, it's really your responsibility to check in their TOS if they require KYC before verifying your account. Binance is not a casio, it is an exchanger, and most exchangers nowadays have mandatory KYC, so you have to abide by their policies if you really want to make an account. If you don't really want that kind of process, just stick to non-KYC platforms. I think there's a thread about that topic here in forum.

[gunhell16]

In the eyes of others to prevent the creation of many accounts in a gambling casino, KYC is the solution they immediately think of regarding this matter. There is truth in what they say about KYC,

But from another angle, KYC is also used as an excuse by abusive casinos for other gamblers who play correctly and follow the rules, even though there is a lot of evidence that complains that there are other casinos that are making a way to not release the big winnings of a gambler who played on their platform.

[Xxmodded]

In the eyes of others to prevent the creation of many accounts in a gambling casino, KYC is the solution they immediately think of regarding this matter. There is truth in what they say about KYC,

But from another angle, KYC is also used as an excuse by abusive casinos for other gamblers who play correctly and follow the rules, even though there is a lot of evidence that complains that there are other casinos that are making a way to not release the big winnings of a gambler who played on their platform.

I agreed with your opinion about requiring with KYC for all casino gambling participant, due risk with document using I don't think problem faced by casino gambling platform user due they don't afraid when making huge deposit amount. I think with KYC require will help many gambler from money laundering and casino adopted several countries regulation.

There are never has any mistake and problem about account suddenly suspend due huge withdrawing fund and need recovery by submitting KYC, when first time after registering then upload document ID make us easy and have guarantee with account doesn't need KYC if some time having problem with abnormal activities until withdrawing huge fund.

[len01]

What would, in your opinion, be the best balance here?

Ideal KYC is no KYC. The best KYC is a dead one.

There are already zero KYC casinos which you can trust. One of them is freebitco.in. You don't have to bow your head and hand over your passport scans every time they ask from you. Fuck that. Binance did this to me when I got a few hundred bucks inside and I was mad af. That's why I am not creating an account on any pro-KYC services anymore.

No casino site is trustworthy without KYC.  Because, that will not demand KYC from you for any big thing.  That site can definitely ask you for kyc anytime or anywhere. If it happens that you are gambling with a big amount on the casino site without kyc and  they ask you for kyc at a time when you are not ready to give KYC.  What will happen to your account and funds then?

not only to gamble with large amounts but the big wins that we get and we want to withdraw these funds usually gambling will also ask us for KYC.
We can't avoid it all, if we still want to continue gambling with large amounts and big wins we have to keep doing KYC and for me it's not like we have to submit to the gambling platform but we only comply with the terms and conditions that have been set on the gambling platform.