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

[BitcoinHunt3r]

If me usually i agree with KYC, but only in trading sites. In casino, especially if in my country any gambling is illegal. It will be bad if i do KYC In casino sites. Because i want to stay anonym in gambling activity and not want anyone know who i am.

[eaLiTy]

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

I am not against casinos or gambling sites asking you to verify everything before playing, it is transparent and you have the option to find another one before playing, but some sites ask for these documents once you win some money and they will find a way to void the payment citing different terms and conditions cited in small letters after depositing your money which is unacceptable.

[Zadicar]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

KYC into those casinos which are most likely involved with Fiat and i barely see crypto casinos that do ask out KYC unless on some circumstances for further verifications.
It does really give some assurance when it comes to security but asking it out on gambling space isnt really relevant at all thats why crypto gambling do boom up because
of easy accessibility and anonymity.

[Oceat]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

KYC into those casinos which are most likely involved with Fiat and i barely see crypto casinos that do ask out KYC unless on some circumstances for further verifications.
It does really give some assurance when it comes to security but asking it out on gambling space isnt really relevant at all thats why crypto gambling do boom up because
of easy accessibility and anonymity.

Yeah, right, it's like they were just like banks though we really can't stop them to do that since they were also following some regulations to make a better casino in the public eye and mostly in the government. KYC is being required if you are transacting fiat but in crypto, I haven't seen too much casino that requires KYC in most crypto gambling.

[mersal]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

KYC verification new created for a good use only and it will be more useful father process of gambling very easily so I don't think it is a negative one you will definitely make the KYC method more easier in the future but the field of gambling will need to allow that.

[goaldigger]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

KYC is not bad if the online casino is legit and has a high trust rate. It will only mean they want some securities from themselves and their customer. Its just normal and you can give them yours if you want. Then maybe theres this fraud gambling sites which exploits peoples information thats why they have negative reviews about it

[Oilacris]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

KYC into those casinos which are most likely involved with Fiat and i barely see crypto casinos that do ask out KYC unless on some circumstances for further verifications.
It does really give some assurance when it comes to security but asking it out on gambling space isnt really relevant at all thats why crypto gambling do boom up because
of easy accessibility and anonymity.

Yeah, right, it's like they were just like banks though we really can't stop them to do that since they were also following some regulations to make a better casino in the public eye and mostly in the government. KYC is being required if you are transacting fiat but in crypto, I haven't seen too much casino that requires KYC in most crypto gambling.

And also if you do built up a casino and then decide to ask Kyc on the process then this will lose up interest of gamblers which would lead up to failure or not gaining popularity of your website.Kyc thing is only being
asked by crypto casinos when they find out that you have violated their terms or any other verification with big winnings.

[whirlcoin]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

I accept using KYC will always being safe and secure because the process is more complicated but the result is more successful if you do have any problems with your transaction it will helpful for you to find it very easily and it is the way to get a better camera so I always support this.

[STT]

Main thing KYC should do is standardise the information required to pass.    Thats the biggest problem at present that its arbitrary and seen as a moving hurdle for people especially to obstruct withdrawals after the fact, unfortunately that can happen and it shouldnt if the customer experience is the priority

[hahay]

Absolutely do not agree if KYC is required in online casinos, for some reason it feels very hard to provide personal identities for online casinos even though they have good reasons such as preventing money laundering, cheating, etc. If KYC is a procedure that is required in every type of online business, I don't think that is at all interesting because online, on the other hand, it will no longer be anonymous, so many people like it so far.

[joeperry]

Giving any identity on the internet is very risky for what I've known there are I think 3 kinds of KYC it's level 1, level 2 and level 3. The level 1 asks you to a email confirmation and from here, The level 2 will asks you for a picture of your passport, driver license and other valid ID's and the level 3.... I forgot it.

Well for me I don't think it's necessary to give a KYC to online casinos if you can play by just validating the level 1, we are not sure what are they going to do with our information. Well there's a good and bad perspective here... the good perspective is that the casino wants to know your identity to know your credibility to gambling and not using any money to launder the other one they just want your identity to use it in illegal ways.

[mu_enrico]

So you're not afraid of giving away your data to companies as long as they are big?

Well, big and legal corporations in stable countries (like the US and Europe) to be precise.

It will only be more convenient for you to find and sue them but your data will be lost anyway.

At least, someone would be held accountable for this incident.

KYC always sucks.

I fully agree with this statement, however in my opinion risks of embezzlement far outweigh risks of losing data. Without obeying (KYC/AML) regulations, casinos cannot be "trusted," thus there would be no consumer protection.

That's why I have a high hope for decentralized gambling to revolutionize traditional/centralized gambling industry... *sounds like vaporware ICOs
Centralized sucks

[TheCoinGrabber]

It's all good from the government's  and casino's point of view IMHO. Government can say they're doing something against money laundering and they know how much players are earning and casinos would be less liable to being sued in case any player has committed fraud (for example using stolen credit cards).

I think the only benefit the players have is casino might be less likely to go under or be forced to shut down.

[Fredomago]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

KYC is not bad if the online casino is legit and has a high trust rate. It will only mean they want some securities from themselves and their customer. Its just normal and you can give them yours if you want. Then maybe theres this fraud gambling sites which exploits peoples information thats why they have negative reviews about it

Well if that's required coming from their business then they needed to implement, legit casinos needs licensed and for sure it will need securities so the house needs to comply with that, KYC is understandable when it's really required, business needs assurance and securities we can't argue with that.

[adaseb]

Right now most casino's don't do any form of KYC however that can quickly change in the near future. It will be no different than most exchanges which a few years back were "no kyc" and now most exchanges require KYC.

This is mostly due to regulation and its needed if Crypto is to have a future. Basically crypto gambling will be no different.

The only sites that did perform KYC was usually due to some tainted coins being depositted into the casino, made 1 bet and attempted withdraw. This is why many casinos perform manual withdraws for new registerants in case they trace the BTC as being stolen.

[Indrawan77]

I think kyc doesn't give any advantage to the users, and I don't agree to play in any casino site that require kyc procedure, it's very dangerous to give personal detail on the site, no matter how protective or legit the casino, when something happen they won't be able to responsible, kyc only give advantage for the casino owner so the player can't cheat the system and they can blacklist or ban the unwanted player

[suzanne5223]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

KYC is not bad if the online casino is legit and has a high trust rate. It will only mean they want some securities from themselves and their customer. Its just normal and you can give them yours if you want. Then maybe theres this fraud gambling sites which exploits peoples information thats why they have negative reviews about it

Well if that's required coming from their business then they needed to implement, legit casinos needs licensed and for sure it will need securities so the house needs to comply with that, KYC is understandable when it's really required, business needs assurance and securities we can't argue with that.

With what I have see and experienced so far KYC was implemented by the online casino owners just like how crypto currency exchange site does (I mean they set some limit of withdraw which KYC will be ask from customers) in other to prevent their business cause no one will pray for his business to collapse and gambler need to do is always play on a trustable site which your personal information will be secure because KYC will be ask when huge fund is involve.

[maydna]

Gambling is one activity to have fun, why we need to fill KYC just to get fun of that? Maybe KYC can be applied for gamblers who use more than $100k to play, but I am sure that there are a lot of people who play in less than $100k and they only want to play any gambling games and want to have fun with the game.

But for crypto gambling games which is we could play as anonymous, I don't think the gamblers want to fill KYC but as I said before it could be applied for gamblers who use more than 1000 btc because it will look suspicious if someone uses 1000 btc to gamble or he is very addicted to gambling.

I agree with you, i usually playing in online casino because its anonymous. I hate when i want to withdraw then some casino ask my ID. I want stay anonymous in online casino.
More than a year ago i just have 0.2 btc balance winning from little amount of my deposit when i want to withdraw they ask me KYC, i just cancel my withdrawal request and play with that amount until bust all money and never back to that casino.

Maybe KYC can be applied to other websites, but for gambling sites especially on the internet, KYC is not necessary because we want to be free to withdraw or save or just register on their site.

People now want to play gambling anonymously, and they don't want to reveal their ID just to play gambling. They want to remain hidden in their place without giving their personal ID. Besides that, I heard about selling customer IDs that made me worry if I gave my personal documents to several websites.

I think it makes sense why people still avoid websites that use KYC to complete withdrawals or become full members because they are aware of misuse of identity by irresponsible people.

[akram143]

I've read a lot of replies in some casino-related threads talking about how they hate KYC procedures. I get it they don't want all the hassle if giving personal info during registration, that they don't want complicated processes, esp. when withdrawing, and that they are afraid the casinos will exploit their players' details who provided their personal info. But perhaps some people think about KYC positively — like KYC reduces the risk of money laundering and protects the casinos from fraudulent players?

I'm not saying I am pro or against KYC. I really just want to get insights from different perspectives.

I am seeing this as a good improvement for the gambling because the KYC are always been helpful for most security process so it could not be refused in the future so it will be improved today as a Development will helpful for the people to understand the future otherwise it will be very difficult for everyone.

[swogerino]

I don't see why people should need to KYC in crypto gambling casinos, one of the key advantages of gambling with crypto is gambling in an anonymous way.

In Fiat casinos they require the KYC in order to verify you are actually who you say you are but in the crypto zone that is not needed. Your crypto address says who you are as you are supposed to also have the private key to this address.