Do Established Casinos protect our KYC better than the New Ones?

[DaNNy001]

Not necessarily, there are actually new casinos that are reputable...But it's easier to to trust casinos that are already established..stake casino has been operating since 2017 till date and there has not being any record of anyones information getting compromised or falling into the hands of any fraudsters...before making use of any casino ensure that you do a proper background check on their history and also check for the reviews from people

[r_victory]

I believe any reputable company can keep its data secure, whether new or old. If excellence is part of the company's culture, it will be competent from the start. When it comes to casinos, it's better to trust a more established company, which in a way also doesn't guarantee anything. We've seen many companies considered trustworthy have data leaked, whether by internal staff or hackers. It's hard to know who to trust.

[robelneo]

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

I always say that when it comes to KYC, it's best that you handle it with a casino that has established its reputation. This casino has taken years to reach its level of being a reputable casino, and part of this is handling the confidential details of its members.

I have no issue with new casinos, but I need to see how they manage their members' details and whether they're receiving complaints about KYC. In real life, you will only trust your sensitive details to individuals or organizations that have earned your trust.

[SATWAT]

Casinos always rely on trust but if a casino fails to maintain this trust its business is likely to decline quickly it's not about whether it's new or old both require the same level of security for their customers which keeps things running smoothly and at a good level.

In recent years, no major complaints have surfaced regarding customer data or any other sensitive issues suggesting that everything is going well and casinos are taking steps to understand how to handle such sensitive matters.

Many new sites are emerging and they're also asking for KYC (Know Your Customer) and personal data although many people may feel uneasy about this process it's essential to complete these procedures, as involving third parties is crucial in maintaining trust and confidentiality casinos will continue to uphold their standards and maintain customers' trust.

[rachael9385]

I’ve been wondering about this.. when we submit our KYC documents to online casinos, are we actually safer with the old, established ones compared to the newer platforms?

Both types usually claim to be licensed and regulated, but the question is -- does having more years in the industry really mean they handle our data better? Or are we just assuming that because they’ve built a reputation?

Some newer casinos might use the latest security standards since they’re just starting out, while the older ones might already have proven systems in place (or maybe outdated ones). At the end of the day, we’re handing over sensitive information like IDs, addresses, and banking details.

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

Established casinos have a record of good security and that's what every gambler is looking for in every online casino they make use of. Not all new casinos are known for fraudulent activities or not implementing a strict KYC procedures but most of them are now being created to suit the needs of people that don't really need serious to go through the KYC process due to age factors and other reasons

[shasan]

I’ve been wondering about this.. when we submit our KYC documents to online casinos, are we actually safer with the old, established ones compared to the newer platforms?

Both types usually claim to be licensed and regulated, but the question is -- does having more years in the industry really mean they handle our data better? Or are we just assuming that because they’ve built a reputation?

Some newer casinos might use the latest security standards since they’re just starting out, while the older ones might already have proven systems in place (or maybe outdated ones). At the end of the day, we’re handing over sensitive information like IDs, addresses, and banking details.

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

For the security of the know your customer document or anything else does not depend on the site about how old the sites are. We know all the scam might not happen at the beginning; some may happen at the eleventh hour. In this way, I think those who are old site still they might not be safe for us, and on the contrary, the newer ones can be safe for us.

[348Judah]

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

If a casino ask for KYC, then know that this has been stored on their system and cannot be erased or override on, you stand the chance of losing your information to them at anytime base on request from the higher authorities are that may request for such or you face sanction, while if whether we use an old casino or the new one does not matter in gambling, all that speaks for us is whether the casino is a KYC gambling casino or the non KYC gambling casino.

[Nwada001]

Not necessarily, there are actually new casinos that are reputable...But it's easier to to trust casinos that are already established..stake casino has been operating since 2017 till date and there has not being any record of anyones information getting compromised or falling into the hands of any fraudsters...before making use of any casino ensure that you do a proper background check on their history and also check for the reviews from people

Don’t be too sure about that stake community Any casino that has been hacked before and had money successfully moved out hasa higher chance of other data leakage that might not be noticed immediately unless the hackers are not interested in that. If you look at the link I shared, there have been a lot of people complaining of receiving mail on the registered email with Stake where the sender knows exactly their status on the platform and how much they normally wager. Only a third party with customer data will be able to know that.

[CryptoHeadlineNews]

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

Older casinos who has built reputation over the years are more likely to be more safe with handling users details than a newer casinos that has no reputation. Because a scammer who intend to steal people's details can just launched a new casino, people come to register, complete KYC and he uses those details for his illegal activity. Of which such can not be found on an old casino that has built reputation, generating revenue and has a large number of gamblers who trust and uses such casino for gambling. Because for a newer casino, it's owner can just launch it and dump it after using it for a month or two, simply because he has nothing to lose, unlike a older casino that has built reputation over the years and consistently generating income from gambling charges, with loyal customers. As they will be scared of doing anything illegal, simply because they stand a chance of losing a lot.

[Alphakilo]

I’ve been wondering about this.. when we submit our KYC documents to online casinos, are we actually safer with the old, established ones compared to the newer platforms?

Both types usually claim to be licensed and regulated, but the question is -- does having more years in the industry really mean they handle our data better? Or are we just assuming that because they’ve built a reputation?

Some newer casinos might use the latest security standards since they’re just starting out, while the older ones might already have proven systems in place (or maybe outdated ones). At the end of the day, we’re handing over sensitive information like IDs, addresses, and banking details.

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

Established casinos have a record of good security and that's what every gambler is looking for in every online casino they make use of. Not all new casinos are known for fraudulent activities or not implementing a strict KYC procedures but most of them are now being created to suit the needs of people that don't really need serious to go through the KYC process due to age factors and other reasons

The key take home point about KYC does not dwell so much  on the factor of age, but rather on the compliance to the regulatory framework and the implementation of effective, modern technology and security measures that the government of the region the casino is located in, has developed for the casino business system.

I would also like to believe that any casinos in the past that has experienced hacks or scams due to a porous data base systems, will tend to do better than the newer ones with new kyc requirement design, because the older has been tried and tested and upgraded in most cases while the new, still has enough time to be tested in order to prove authentication.

[coin-investor]

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

I can trust an established platform like Stake.com because, after many years, they have established their reputation, and new gamblers continue to trust them. This level of trust gives established casinos an edge over new casinos. In fact, some gamblers have second thoughts about doing a KYC until they reach a level of trust from the community.

I also recommend that gamblers choose a reputable and established casino. I have seen new casinos fold up because they cannot keep up with the competition. So, if you’ve done KYC with this casino, you are left wondering what would happen to your sensitive information.

[shasan]

If a casino ask for KYC, then know that this has been stored on their system and cannot be erased or override on, you stand the chance of losing your information to them at anytime base on request from the higher authorities are that may request for such or you face sanction, while if whether we use an old casino or the new one does not matter in gambling, all that speaks for us is whether the casino is a KYC gambling casino or the non KYC gambling casino.

You are correct that when any higher authority asks for the know your information document, they must have to provide that, whether the site is new or an old one. In this case, old gambling sites as well as new gambling sites can be the same, but for security breaches, I believe reputable ones as they are already tested though the new one might be better. And the chance of selling the KYC document by the new gambling site is higher than by the old gambling site.

[mirakal]

That’s why trust should be build within years of personal experience. I don’t usually gamble on sites that I haven’t experienced yet, or it’s new to my eyes, but I always chose those casinos that I have been entrusting my funds and privacy all throughout my gambling years.

Having a good reputation is crucial, but still, it pays to take caution every time we decide to risk our funds and private datas on gambling sites.

[AmoreJaz]

That’s why trust should be build within years of personal experience. I don’t usually gamble on sites that I haven’t experienced yet, or it’s new to my eyes, but I always chose those casinos that I have been entrusting my funds and privacy all throughout my gambling years.

Having a good reputation is crucial, but still, it pays to take caution every time we decide to risk our funds and private datas on gambling sites.

It is indeed advisable to submit your kyc details to the site that you really regularly play with as you already know basically their credibility. New ones don't have the reputation yet in the industry, so they need to prove that they can really be trusted by their players. Also, do take note that established casinos may have better security features as they may already have experienced several security threats in the past years of their operations.

In the case of casinos or gambling, no matter how old or new your information or your KYC documents are, they are not safe. However, it is true that those who have been in business for a long time and have gained a reputation may be able to ensure a little more security than the new ones. These are new casino sites that suddenly come up and ask you to provide KYC information. You should avoid all those casino sites as much as possible. Because your valuable documents are not safe on any casino or gambling site, no matter how popular or unpopular they are.

This is why as much as possible limit your exposure by limiting the number of casinos where you submit your KYC. The less number of casinos the better. Because you'll never know your risk that you are facing in each casino. As they also don't know when someone will poker their vulnerability, they are only relying on their security features. And with today's sophisticated tools and instruments, consider every site to be vulnerable to these potential attacks.

[Samlucky O]

I’ve been wondering about this.. when we submit our KYC documents to online casinos, are we actually safer with the old, established ones compared to the newer platforms?

I don't see much different when we submit our kyc documents to the old gambling platforms compeard to the new. because even though that we submitted to the old online platform their may still be chance of fraud by compromising your KYC documents. So both the old and the new, risk is investable and can come from any angle again.There is no assurance that covers you in which ever type of this casino weather an extablish one or not. What I mean is that even the proclaimed extablish casino may use our kyc documents against us for fraud.

[Smartvirus]

I believe any reputable company can keep its data secure, whether new or old. If excellence is part of the company's culture, it will be competent from the start. When it comes to casinos, it's better to trust a more established company, which in a way also doesn't guarantee anything. We've seen many companies considered trustworthy have data leaked, whether by internal staff or hackers. It's hard to know who to trust.

Reputation is what is built through time and it’s the users that do confer on casinos its reputation based on how they’ve interacted or used the casinos over time.
It doesn’t necessarily mean that new casinos don’t have any reputation or credibility, it just needs time for a lot of knowing by its users.
You can argue that casinos that have been in the business would have some more sophistication given the time they would take to discover and fix possible loopholes but, that’s as far as it gets.

[CryptSafe]

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

Older casinos who has built reputation over the years are more likely to be more safe with handling users details than a newer casinos that has no reputation. Because a scammer who intend to steal people's details can just launched a new casino, people come to register, complete KYC and he uses those details for his illegal activity. Of which such can not be found on an old casino that has built reputation, generating revenue and has a large number of gamblers who trust and uses such casino for gambling. Because for a newer casino, it's owner can just launch it and dump it after using it for a month or two, simply because he has nothing to lose, unlike a older casino that has built reputation over the years and consistently generating income from gambling charges, with loyal customers. As they will be scared of doing anything illegal, simply because they stand a chance of losing a lot.

You are right as older casinos would not make such mistake of ruining their reputations looking at the fact that they already have a good community followership and customer base. I think they would never dare such as it will not only cost them their reputation, that would be the final end of their existence as players would definitely crash them down to nothing.
Although new casinos are on the rise but still then you never can trust them to giving them your details  but these days new casinos entice players to their platform with bonuses and promo's that are irresistible. In all, we can not trust all of them both old and new because majority of them are operating with licence in their various locations and they can never turn down government request for details of their registered members and remember it is amongst the terms of agreement before one registers with any casino and that is it.

[2Pizza410000BTC]

I’ve been wondering about this.. when we submit our KYC documents to online casinos, are we actually safer with the old, established ones compared to the newer platforms?

Both types usually claim to be licensed and regulated, but the question is -- does having more years in the industry really mean they handle our data better? Or are we just assuming that because they’ve built a reputation?

Some newer casinos might use the latest security standards since they’re just starting out, while the older ones might already have proven systems in place (or maybe outdated ones). At the end of the day, we’re handing over sensitive information like IDs, addresses, and banking details.

So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?

If it is a new casino platform and if it is trustworthy, then it can be safe to submit KYC documents on both the new and old casino platforms. Still, it seems that we always give more priority to the old casino platforms in terms of trustworthiness than the new casino platforms, but there are many new casino platforms that are really trustworthy, like recently if we look, we can see that some trusted and popular casino platforms have come up where we can gamble with trustworthiness, there are also many old casino platforms that are really trustworthy and we have no objection to submitting KYC documents there too.

[shasan]

That’s why trust should be build within years of personal experience. I don’t usually gamble on sites that I haven’t experienced yet, or it’s new to my eyes, but I always chose those casinos that I have been entrusting my funds and privacy all throughout my gambling years.

Having a good reputation is crucial, but still, it pays to take caution every time we decide to risk our funds and private datas on gambling sites.

If you do not gamble on those sites where you have not experienced, then how do you become experienced on a new gambling site? And if you do not use any inexperienced sites of it means you never gamble. Otherwise, you must have to use those gambling sites that you are not experienced with. People get experience only if s/he are inexperienced.