why kyc?

[simplelisten]

how do you know about all these information? i play on primedice before and i saw a guy withdrawal so many bitcoins and he can withdrawal easily without problem and kyc. i think gambling site use kyc only for a player that had a suspicious activity on their account and for withdrawal a big money like 50 btc and more.

Well, you can see a lot of high roller in scam accusation that their account got suspended, freeze, or ban after they try to withdraw a large amount, some of this site are listed of OP. For me, I won't mind sending documents if I know that sites are very trustworthy.

[r1a2y3m4]

Probably yes, but still they have your information when you wi  big money. And when say information, that would include where to find you and your winnings. I know these are reputable gambling sites but i don't find it comfortable giving out my private information especially after winning a big amount.

Why do you think they should find you even you win that kind of amount? Is there any news that someone that won a lot was harassed by someone that is part of that gambling site? If there's none, there's no worrying on gambling on a trusted gambling site.

[prtty2gal2]

Wow, I didn't know that Prime Dice required KYC if you win big. Well, I guess there are some people like me and if they gambled and won huge, they are going to be really disappointed hearing that they will have to submit their identification to claim their money. That's just sad.
Edit the error on your list. It's Crypto-games.net  .
Also, link each casinos to their announcement thread if its available. Going to be helpful for users.

Yes, primedice does and I think it is a very good idea. They do this even for the safety and security of the gamer. I don’t even see anything wrong with this, except one really have something to hide. Or maybe you and everyone who would be disappointed are not so sure of yourselves.

Personally I would say that it is for the good of the gamer, just imagine been questioned about your source your money when you win big and you are in a country where gambling is legal, you can confidently tell them the source and it can as well be tracked to be found real.

[guoyu78]

As a gambling regulated platform, we may add the following - the main reason of KYC on gambling sites is to prevent underage gambling. Minors should not be able to gamble real money, that is the rule.

The reason why regulations require documents is that very reason.
Those who do not do that are committing a crime actually

I think they may have good reasons for requesting for KYC but you should as well know that not everyone likes to drop their information’s online, they usually feel that it is not secured, especially coming from a gambling site.

There are many people who are of age to gamble but just like to do it privately, some countries even forbid their citizens from gambling and requesting for KYC may expose them in the long run.I don’t care the reasons for requesting for KYC but I will never gamble in a site that requires such and the reasons are best known to me.

[d2w.bet]

Let me suggest that allowing minors to gamble is a crime.
The age verification is that any responsible person would prefer to have on gambling site.
Unfortunately that is something that could not be avoided from that point of view.
Strict rules of KYC effectively restrict gambling for minors.
Or would you prefer your kid of 13 years old would gamble with real money?

[SirLancelot]

Having KYC is good both side between the company and the customer, but is this case we dont know which is having a good heart not to take advantage using KYC, but I think that is good for fiat basis casino. In decentralized we can't track the transactions of crypto especially if they are good of it. So, it's up to you now to decide on which gambling site not having KYC and I think there are too many of them.

kyc ? i think its only good for the owner but not really for the user because its a hassel and we are using a crypto to stay anonymous  . kyc makes being anonymous useless  . and kyc in a gambling site seems strange because what i know is that kyc is only used for exchanges and when your about to invest on ico's  . ive been playing on  different gambling sites but so far , i dont see that one of them requires a kyc  .

In my opinion, KYC is not bad. It is an extension of AML anti money laundering and this is a sought of another form of constraint and limit being imposed over crypto transactions. It is also very much in use in the gambling industry and you would have to go through this KYC thing after gambling for some time as there is a limit to the amount or number of times you bet or in case you are winning a big amount at gambling.

[acharias]

Any legit website has to follow AML/KYC rules to prevent money laundering etc. Most websites still have a certain limit that doesn't need KYC so as long as you're not spending too much you don't need to verify.

[Coin-Desk]

In my own opinion gambling website do not need KYC to play gambling. Because people like to hide for gambling. Nobody wants to reveal his identity. So I think there is no requirement of KYC at the Gambling website. And many times a lot of money is won in gambling so if KYC is taken then security decreases. Because then everyone will know who won this big amount. There is a possibility of its Profile Hack. Many do not like KYC.

Thank you

[susila_bai]

Almost all gambling sites will ask KYC from the user if they find some suspicious activity in their account. Till then i dont think that they will ask KYC when you withdraw. Some site openly ask to fullfill KYC in starting itself so that their should not be any problem in future.

[Script3d]

Almost all gambling sites will ask KYC from the user if they find some suspicious activity in their account. Till then i dont think that they will ask KYC when you withdraw. Some site openly ask to fullfill KYC in starting itself so that their should not be any problem in future.

That defeats the purpose of cryptocurrency if all casino ask KYC to their user, and most people gamble with crypto because of the anonymity it offers, in the future we might see decentralized gambling site,.

[Clark05]

Almost all gambling sites will ask KYC from the user if they find some suspicious activity in their account. Till then i dont think that they will ask KYC when you withdraw. Some site openly ask to fullfill KYC in starting itself so that their should not be any problem in future.

That's one of the purposes of KYC why they require submitting of KYC of the gambler if they want to withdraw.
Im happy that when I play to some gambling site thag I win they did not asking me to submit my information because they know that's not want player and maybe once they mandatory kyc to their gambling site they decrease their player.

[Whosdaddy]

Why people worried about gambling site that implemented KYC such as giving them from a safe place. Of course, don't pass your personal identity or KYC if you don't have trust on that site. There are a lot of gambling sites out there that never ask or implemented KYC to avoid on that. Well, that was our expectation too.

I don’t have any problem with sites requesting for KYC but I feel it should be done both at the time of deposit and withdrawal.
I don’t see any good reason why a casino site will not request for KYC when am depositing and then start making it a necessity to do so during withdrawal, it sounds fishy and from there, I will discern a good casino.

Like you said, to be sure of a save casino site is what matters, as long as they can be trusted with personal information and that my safety in playing in the site is guaranteed, then No worries at all.

[swogerino]

The reason why many crypto casinos want kyc/aml is to fight money laundering.The ones that don't require it are better for people who like privacy and that is better for crypto players because if kyc/aml is asked everywhere why play in crypto when you can play in Fiat casinos.

There are different opinions on this so play where you feel better and it suits you more.

[Malsetid]

The reason why many crypto casinos want kyc/aml is to fight money laundering.The ones that don't require it are better for people who like privacy and that is better for crypto players because if kyc/aml is asked everywhere why play in crypto when you can play in Fiat casinos.

There are different opinions on this so play where you feel better and it suits you more.

And it's the people's choice. There are several gambling sites that seems legitimate and don't require kyc. If i'm a big time gambler with lots of money to burn then i'd prefer to be anonymous. For me that makes it safer if my information isn't accessible to other people and that the gambling site doesn't have any credentials about me. With news of traders being tortured and killed, i'd like to keep my identity to myself.

[mersal]

Different in different sites some sites will definitely ask the KYC for any type of transaction because they improved a lot to to get alert about making the mistakes very low in all the situation so we can definitely do something better than before when we are been protected by someone that's it will be welcome from my side.

[TravelMug]

The reason why many crypto casinos want kyc/aml is to fight money laundering.The ones that don't require it are better for people who like privacy and that is better for crypto players because if kyc/aml is asked everywhere why play in crypto when you can play in Fiat casinos.

Right, maybe there are bright side of requiring fully KYC/AML on crypto related casinos.

There are different opinions on this so play where you feel better and it suits you more.

Exactly, if you are not comfortable then go somewhere else. There are casinos as mentioned by the OP that doesn't require KYC/AML. I personally, don't like submitting personal data myself so I stick to the casino, that I'm been playing that doesn't 'force' me to do verification.

[Vaculin]

The reason why many crypto casinos want kyc/aml is to fight money laundering.The ones that don't require it are better for people who like privacy and that is better for crypto players because if kyc/aml is asked everywhere why play in crypto when you can play in Fiat casinos.

Right, maybe there are bright side of requiring fully KYC/AML on crypto related casinos.

There are different opinions on this so play where you feel better and it suits you more.

Exactly, if you are not comfortable then go somewhere else. There are casinos as mentioned by the OP that doesn't require KYC/AML. I personally, don't like submitting personal data myself so I stick to the casino, that I'm been playing that doesn't 'force' me to do verification.

Right. It's just as simple as that. We have all the freedom to chose which one is comfortable for us. Requiring KYC is good as long as they will keep private your personal details. But if you are hesitant about this, then do not play on gambling sites that demands KYC after winning a big amount.

[Fredomago]

Different in different sites some sites will definitely ask the KYC for any type of transaction because they improved a lot to to get alert about making the mistakes very low in all the situation so we can definitely do something better than before when we are been protected by someone that's it will be welcome from my side.

No contest with your position if you can entrust your personal information for the sake of improvements of site you believe to be legit, but there's also site who don't required any kyc that you can enjoy playing, site where you can bet and go when you feel satisfied after gambling in some games.

[doomistake]

Although sharing your personal documents with trusted sites might not hurt your personal privacy.

I strongly disagree about what you have said, because even if it is a trusted sites, you don't know them personally, and you don't even know what they are going to do with your "personal documents" that you have said, it is just about playing safe in this vast internet world by not giving personal information that fast without thinking what might possibly happen.

The worst thing scenario by giving your legit personal information online is that they could use it on something that is not right, like they are going to use that to pretend as someone to scam somebody, or even worst than that.

[Supercrypt]

I strongly disagree about what you have said, because even if it is a trusted sites, you don't know them personally, and you don't even know what they are going to do with your "personal documents" that you have said, it is just about playing safe in this vast internet world by not giving personal information that fast without thinking what might possibly happen.

The worst thing scenario by giving your legit personal information online is that they could use it on something that is not right, like they are going to use that to pretend as someone to scam somebody, or even worst than that.

No repeated site will use your information to scam anyone or use if for anything negative. Most times gambling sites even ask for KYC is for the compliance of their home country and they can assure that your information is in safe hands.

The reason why most of you fear to drop your kyc is because you personally don’t trust yourself. If your hands are clean and you have no fear of committing and offense that might make you get tracked down by the KYC you must have submitted somewhere, then you would have no fear on submitting KYC.

It’s a thing of choice, if you hate to submit kyc, then gamble on site that do not require for, but don’t see those who ask for it as scam.