KYC procedure in online casinos does more good than bad or the other way around?

[Spaffin]

In my opinion, the provision of passport data has always met with negative resistance from users of cryptocurrency.  Nobody wanted to provide KYC not only for the trading exchange when registering, but also when investing in new projects.  Based on this, I can assume that such a negative attitude of players is relative KYC in an online casino.

[Moiyah]

I think many don't want KYC on gambling because of personal detail its sounds not safe to be known the details of gamblers, and some KYC need more time to approve so, they don't want to wait and they dont want a hassle thing will happened.

Most of these KYC accepting gambling platform's are not just going to deraile your sincere submission of your KYC but will eventually sell out your KYC, which is more reason gamblers online avoid them by all means because they cannot be trusted for a second. Personally I wouldn't gamble on a platform that require KYC before deposit or after deposit.

At some point yes there are unreputable gambling sites that requires KYC and used that KYC in unnecessary actions  like selling off our identity. But I believe some established and reputable exchange has implemented the right KYC rules or even to disregard KYC in depositing and withdrawing funds/profits. Even I myself disappointed and will prevent any gambling sites that are requiring KYC procedures before withdrawing profits or capital. Well, some gamblers doesn't care with KYC thing but I do.

[onrise]

I understand that in many bitcoin investments like ICO or IEO we need to passed KYC as mandated by every jurisdictions but I dont understand why we should also passed KYC procedures with this casinos thats totally an abuse to our data privacy does this mean they are collecting data about users of this casinos it should be private and we must protect it from data breach if something happens to this casino sites my only question is Can we really trust our private info into online casinos?

This is the case like FB which had all the data and had sold out data to their party and made money on our behalf . Also they did not even compensated the users whose data was leaked . And same could be the scenario here as well and thus people now avoid anything where KYC comes in .

[torry28]

Can we really trust our private info into online casinos?

Let say you are gambling on one of trusted gambling sites (it's either Primedice, Bitsler, Yolodice, Bitdice, Stake), after you won some amount and you decided to withdraw your money, but you have told to pass KYC first before you can withdraw your money, What will you do? That's why there is no 100% right answer about this.

[Spaffin]

Customer disputes with online casinos very often appear, and if it’s still a big win in Sumy, then you can solve this problem with the help of lawyers.  If there are specific names that are documented, then this dispute can be resolved much easier.

[maydna]

Customer disputes with online casinos very often appear, and if it’s still a big win in Sumy, then you can solve this problem with the help of lawyers.  If there are specific names that are documented, then this dispute can be resolved much easier.

I think not all lawyers can help him because only a few lawyers that understand and know about cryptocurrency. Besides that, the customer will think twice to do KYC and if they think that it is important to KYC, then they will do it as soon as possible. But for the gambling games, we know that many gamblers avoid the gambling website which applied KYC because, for them, that is not too important. They don't have any reason to KYC as they only want to play gambling in their spare time.

[lienfaye]

I prefer not to pass my personal info just to gamble especially in crypto related casinos.

There are plenty of sites not enforcing kyc so if you want to remain anonymous you have an option.

Kyc might have an advantage for owners/gamblers to protect them incase something went wrong to their account but it should be not mandatory.

[imstillthebest]

I prefer not to pass my personal info just to gamble especially in crypto related casinos. There are plenty of sites not enforcing kyc so if you want to remain anonymous you have an option.

you can because there are gambling sites that do not ask for sign up rather they provide auto generated names . you can use those to login instantly and play the game directly without any hassel  .

Kyc might have an advantage for owners/gamblers to protect them incase something went wrong to their account but it should be not mandatory.

it should be mandatory if this is the only way to help thier site .  kyc is not only beneficial for them but its also beneficial for thier costumers becuase when we do kyc our accounts limit will increase or will become permanently unlimited .

[Japinat]

you can because there are gambling sites that do not ask for sign up rather they provide auto generated names . you can use those to login instantly and play the game directly without any hassel  .

Most gamblers want that and we can do that if the casinos are not regulated, good for both the casino and the gamblers although the risk is on our part.
Unregulated casinos operates through their reputation only, and they can enjoy their profit as they are not paying tax on anything, the only risk from us is if the gambling site will go dark and scam us, we have no option but to accept our loses and move on.

[kennen1113]

In my opinion, the provision of passport data has always met with negative resistance from users of cryptocurrency.  Nobody wanted to provide KYC not only for the trading exchange when registering, but also when investing in new projects.  Based on this, I can assume that such a negative attitude of players is relative KYC in an online casino.

KYC is always a problem here, it is very sensitive in the crypto world when everything around crypto is related to law and all properties in crypto are protected with KYC information, the use of KYC is always encouraged to use in a limited way, rather than a popular offering. So online casinos asking KYC is unnecessary when most people just want to entertain and if they are lucky, they can earn some rewards from it, KYC procedure create too much pressure and risk for players, the casino should only ask KYC for players with large amounts of money, it would be more appropriate

[Capt00]

In my opinion, the provision of passport data has always met with negative resistance from users of cryptocurrency.  Nobody wanted to provide KYC not only for the trading exchange when registering, but also when investing in new projects.  Based on this, I can assume that such a negative attitude of players is relative KYC in an online casino.

KYC is always a problem here, it is very sensitive in the crypto world when everything around crypto is related to law and all properties in crypto are protected with KYC information, the use of KYC is always encouraged to use in a limited way, rather than a popular offering. So online casinos asking KYC is unnecessary when most people just want to entertain and if they are lucky, they can earn some rewards from it, KYC procedure create too much pressure and risk for players, the casino should only ask KYC for players with large amounts of money, it would be more appropriate

I don't think it is a problem if we are doing this for the seek that it will give us security cause mostly we are thinking that they'll use it for illegal activities.
What we are looking now is that we can gamble without the hassle of KYC submission. But of course, we have that option to take and it is in our decision if we do it or find another.