JL421 (OP)
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February 19, 2018, 09:10:36 AM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
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Juggy777
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February 19, 2018, 09:56:17 AM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
It's strange they're asking for KYC now, this shall really dampen all gamblers spirt. I have two thoughts now As a gambler I feel it's not good for KYC as it blows away the cover of being anonymous, if casinos are raided my cover is blown and that could be trouble. As a Casino point i feel it's done to safeguard them so no other person can claim, secondly maybe their laws require them to clarify the payments. This is a interesting debatable point and I feel that casino owners need to give clarification out here. We can't reach a conclusion without hearing them out.
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ralle14
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Shuffle.com
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February 19, 2018, 11:28:16 AM |
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Not all casinos are based on the same country, others have strict rules for online gambling. It's not fair to offer kyc because some of the most known bitcoin casinos here in the gambling section would let you gamble and withdraw a huge amount without having to submit your personal info. Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc
Paying taxes depends on how and where would you cash out your bitcoin.
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Tigorss
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February 19, 2018, 11:41:08 AM |
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this happens too, when many people play gambling and justify any means to win, so gambling sites ask for kyc to avoid things that are not desired, like what? multiple accounts and others, essentially for security and comfort for all in gambling
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poplolnman
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February 19, 2018, 01:18:03 PM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
Fortunejack won't ask for KYC if you didn't have a serious problem , I've been playing at fortunejack since 2014 and never asked for KYC even for once. I've heard several cases in fortunejack that they ask for KYC and its for security reason. The answer are for security reason generally.
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I'm in 400,000 euros debt , dont help me , i rather die
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boyptc
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February 19, 2018, 01:28:33 PM |
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Not all casinos are based on the same country, others have strict rules for online gambling.
The country where they are operating might be requiring this for their own good. Is it even fair?
When you experience to win big would you even care if its fair or not as long as you are doing everything that they are requiring when you are about to claim?
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JL421 (OP)
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February 19, 2018, 01:51:12 PM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
Fortunejack won't ask for KYC if you didn't have a serious problem , I've been playing at fortunejack since 2014 and never asked for KYC even for once. I've heard several cases in fortunejack that they ask for KYC and its for security reason. The answer are for security reason generally. I just read there terms if you earn a profit of more than 2000$ you need to provide kyc and in today's value that is just 0.18 bitcoin which is so less , I saw scam accusations also against them for not paying a person winning amount of 6 bitcoin or something and finally he got after 3 months
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lotfiuser
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February 19, 2018, 01:52:41 PM |
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even them they dont want to requipe it cuz they want more money but its out of controll cuz the gov requipe them to get taxes like us gov
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Free palestine
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Diced90
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February 19, 2018, 02:11:53 PM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
KYC as you have said only applies on certain gambling sites and for some it applies when certain wagers are triggered or certain amounts of money is to be withdrawn and all this depends on which country the gambling house is located and what laws it adheres to. why do many sites still ask for kyc kyc is a way to avoid huge fines when the law visits these gambling houses.
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AngelSky
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February 19, 2018, 03:04:00 PM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
Even exchanges are required for the KYC due to transferring high amount on banking for security. If the gambling site is a centralized one even that site also will require KYC to file the taxation to avoid the Government related issue. I am not sure about the decentralized gambling site and exchanges why asking about the private details most of them are not asking about the details.
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panjul07
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February 19, 2018, 03:59:30 PM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
Fortunejack won't ask for KYC if you didn't have a serious problem , I've been playing at fortunejack since 2014 and never asked for KYC even for once. I've heard several cases in fortunejack that they ask for KYC and its for security reason. The answer are for security reason generally. I just read there terms if you earn a profit of more than 2000$ you need to provide kyc and in today's value that is just 0.18 bitcoin which is so less , I saw scam accusations also against them for not paying a person winning amount of 6 bitcoin or something and finally he got after 3 months Never heard that Fortunejack requires KYC for $2000 profit, could you please show me the link where you read it? As I just visited their terms to make sure about it but I did not find it, maybe I missed it as it is so long terms to read.
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Anait
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February 19, 2018, 05:11:45 PM |
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In the past usage of bitcoin and other altcoins into gambling is much low compared to the present. Maybe upon the increasing usage gambling authorities running the websites could have started the KYC as governments too have started regulating for taxation purpose.
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audaciousbeing
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February 19, 2018, 08:25:33 PM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
If there is any place that KYC sounds ridiculous, its from the gambling site to me and I still don't see its usefulness. A lot of people will not gamble in physical location or a kiosk because of the way society views people who engage in such and then prefer to do it online because of the privacy online gives but with KYC from gambling sites it just seems that there is no difference. Again, KYC is purely for those who want to launder money, I deposit big, took big risk then won big, how is that suppose to be a problem? But no matter how we are against it, there is nothing to be done about it because they also have to comply with rules and regulations of the industry they operate.
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Hydrogen
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February 19, 2018, 08:28:21 PM |
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It might be possible to circumvent KYC by opening a gambling site whose servers are located on an island in international waters, which in theory, could be located outside the jurisdiction of nations attempting to impose taxes or KYC checks. ThePirateBay has done it for a long time. Crypto exchanges and gambling sites doing something similar could represent a natural progression.
In the future there could be a greater demand for infrastructure and services existing outside the jurisdiction of the centralized world. That type of independent competition could be necessary to produce innovation and industry advancement.
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milewilda
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February 19, 2018, 09:01:01 PM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
Fortunejack won't ask for KYC if you didn't have a serious problem , I've been playing at fortunejack since 2014 and never asked for KYC even for once. I've heard several cases in fortunejack that they ask for KYC and its for security reason. The answer are for security reason generally. I just read there terms if you earn a profit of more than 2000$ you need to provide kyc and in today's value that is just 0.18 bitcoin which is so less , I saw scam accusations also against them for not paying a person winning amount of 6 bitcoin or something and finally he got after 3 months Never heard that Fortunejack requires KYC for $2000 profit, could you please show me the link where you read it? As I just visited their terms to make sure about it but I did not find it, maybe I missed it as it is so long terms to read. I would like to ask the same thing which i havent found out regarding into this information about such threshold which they do require KYC for a certain gambler.Ive been a player on the site itself but ever since i havent asked about any documentation even though i hit thousands of dollars is on involve.I dont know on where he do get such information.
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Tipstar
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Vave.com - Crypto Casino
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February 19, 2018, 10:37:04 PM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
Fortunejack won't ask for KYC if you didn't have a serious problem , I've been playing at fortunejack since 2014 and never asked for KYC even for once. I've heard several cases in fortunejack that they ask for KYC and its for security reason. The answer are for security reason generally. I just read there terms if you earn a profit of more than 2000$ you need to provide kyc and in today's value that is just 0.18 bitcoin which is so less , I saw scam accusations also against them for not paying a person winning amount of 6 bitcoin or something and finally he got after 3 months Never heard that Fortunejack requires KYC for $2000 profit, could you please show me the link where you read it? As I just visited their terms to make sure about it but I did not find it, maybe I missed it as it is so long terms to read. I would like to ask the same thing which i havent found out regarding into this information about such threshold which they do require KYC for a certain gambler.Ive been a player on the site itself but ever since i havent asked about any documentation even though i hit thousands of dollars is on involve.I dont know on where he do get such information. They generally ask for KYC when the withdrawal amount exceeds than the deposit amount of user by large. Though they call it for security reasons, they are actually troubling the winners. They have no security issues for people that deposit large and loose.
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richminded
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February 19, 2018, 11:36:54 PM |
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even them they dont want to requipe it cuz they want more money but its out of controll cuz the gov requipe them to get taxes like us gov
For some securities I think and yeah, if you make huge amount of money then they will require you to fill up the KYC form. This is the trend now and I think we cant stop this thing cause government are really trying to regulate cryptomarket so they can collect taxes. Crypto casinos are trying to comply with the requirements of government so they will have no problem in the future.
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crypto-bit
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February 19, 2018, 11:40:46 PM |
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They required that for there own security reason.Maybe they want to make sure that if any problems will occur during that transaction you as costumer will part of it.example for this is money laundering
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FrueGreads
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February 20, 2018, 12:02:12 AM |
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc Is it even fair?
In some cases I would say that it's to avoid bonus abuse. Of course the the casino bonus are not very good, and they are almost impossible to fulfill, but if someone is allowed to attempt the bonus a thousand times with multi accounts and probably running bots, then they might succeed eventually, hurting the house. Although this could be a reason, I would say that most of them are just trying to comply with anti money laundry rules, and avoid problems with regulation.
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socks435
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Privacy is always important
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February 20, 2018, 01:10:02 AM |
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Never heard that they are asking for kyc well since bitcoin increases and there are lots of gamblers are fraudulent maybe they should need to require this bitcoin right now is valuable and its money so they only need for security reason.. Since we are in crypto no taxes deducted.. unlike gambling not in crypto and gambling that need kyc when register or need some Gambling ID before they can play those are need taxes when withdrawing money in your country. Honestly i still wanted the gambling casino before because they don't need KYC even you hit a jackpot but now looks like its getting worst remember we always need to be anonymous for privacy and safety of your documents..
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Solving blocks can't be solved without my rigs.
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