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

[samcrypto]

I don't like KYC, I like to have a complete freedom in online gambling.
Without KYC we can enjoy more as we are playing anonymously, so I believe that crypto gambling should not require KYC as that is only for fiat gambling.

That was a best rule before, but now we are slowly seeing some gambling sites already ask for your KYC. I also don’t want to expose my identity but if i see a great gambling site that is collecting KYC, i will still choose to play. Casinos also asking for your identity, especially those who have an online system where you will just use card as a cash.

[richminded]

I don’t like to fill any KYC form especially on gambling because I believe i should enjoy playing as an anonymous and i don’t want to be hack of course. There’s a lot of gambling site where you don’t need to fill up KYC better to play on that and I’m most of the trusted gambling sites don’t ask for any kyc.

[mu_enrico]

In my opinion, KYC, law enforcement, and the casino's reputation are closely related. I might feel okay if companies like Caesars, MGM, etc., need KYC, but surely not for random anonymous bitcoin casino.

Why? Because for reputable and legal companies, there is no (or little) probability that my KYC data would be misused.

[PhucS]

There will be two different sides. For gamblers, this will be a complicated, time-consuming procedure and make them feel uncomfortable because most of them do not want to give true information about themselves. In contrast, for online casinos, implementing KYC can help them control negative and illegal behaviors.

[Fredomago]

Getting the point of being anonymous that's why we used crypto to play online gambling, there's no sense of being anonymous anymore if we will need to provide our personal information, I'm not against KYC as it's also gives a high chance that casinos have a licensed that asking them this credentials to avoid money laundering.

[el kaka22]

KYC has both benefits and negatives to it. I wouldn't play anywhere that asks for my KYC for sure, there is no way I am giving you my personal information, I would rather let my bitcoins go and never return there and consider that money gone and write horrible stuff about your casino for keeping my money in your casino without taking my information and I will start 100+ accounts on bitcointalk and give you 100 negative trust ratings and try to destroy your reputation for not giving me my money without KYC.

So, obviously as you can see I hate KYC as much as the next guy. However when it comes down to someone trying to steal your money if KYC could work out there and you can prevent someone from stealing your money and keep the possession of your money than it can benefit you in great way.

[peter0425]

It has pros/cons but just like the rest of you guys, I hated KYC and if ever the favorite casino I've been playing will require me to submit my information, I guess I need to pass and go on the next trusted and reputable casino. So it's really up to us, some may succumb to KYC because they wanted to continue playing, but for majority of us, it's a no-no.

[kryptqnick]

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.

My view is that KYC is a rather annoying and nervous procedure. Not only because it takes time and kinda feels serious when you have to scan your ID and even made a photo of you holding that ID, but also because people mostly prefer to gamble privately. However, I agree that gamling seems a great opportunity to make one's money 'clean'. That's why I think that a fair thing to do is to establish the requirement of KYC at a certain amount of finances. If a person is gambling with a couple of dozens of dollars, it's clear it has nothing to do with money laundering. It is also probably so with hundreds of dollars as well. So I'd say if a person deposited more than 1btc with its current price and wants to withdraw at least 1btc, then KYC might make sense (although again, we should probably focus on something like 10btc+). But making small players give up their anonymity when they are clearly not doing anything terribly illegal - that's unfair.

[noormcs5]

I don't like KYC, I like to have a complete freedom in online gambling.
Without KYC we can enjoy more as we are playing anonymously, so I believe that crypto gambling should not require KYC as that is only for fiat gambling.

That was a best rule before, but now we are slowly seeing some gambling sites already ask for your KYC. I also don’t want to expose my identity but if i see a great gambling site that is collecting KYC, i will still choose to play. Casinos also asking for your identity, especially those who have an online system where you will just use card as a cash.

Many people choose online gambling because they want to remain anonymous. That's the only reason that they do not go to physical casino. If there is KYC, then their identity will be exposed and it will not be good for many gamblers. I think there is no reason for KYC in gambling websites and this will not be implemented.

[Reid]

Online casino and money laundering.
It is real and it happens. But how about our privacy?

What if I just dont want my wife to see that I am spending money to just gamble my way until I am totally broke?
I mean I have my own reasons for it.

Do you really want someone else to know that you are a gambler? I just want it to be kept for myself.
Better just help the authorities by telling them if you see one who does it.
But still at the end it should not be a mandatory to play bets requiring information about the player.

[crzy]

KYC on crypto gambling site is not good for me, because gamblers want to remain anonymous and if there’s a KYC on any gambling site i think its not a good site for a gamblers. Remember that many gambling site don’t ask for any KYC so i think it will be the choice of the gambler.

[Twinkledoe]

KYC on crypto gambling site is not good for me, because gamblers want to remain anonymous and if there’s a KYC on any gambling site i think its not a good site for a gamblers. Remember that many gambling site don’t ask for any KYC so i think it will be the choice of the gambler.

I don't totally agree with you. Most of the crypto gambling sites require KYC only for certain levels like the high rollers or users with higher withdrawal requests. Because if the casino is legit and doing their business in legal ways, they need to follow the anti-money laundering law or they are following the rules under their area of jurisdiction. But I will start to doubt a casino asking for your KYC docs even if you are depositing or withdrawing small amount of money. There might be some shady stuff going on there.

[pixie85]

In my opinion, KYC, law enforcement, and the casino's reputation are closely related. I might feel okay if companies like Caesars, MGM, etc., need KYC, but surely not for random anonymous bitcoin casino.

Why? Because for reputable and legal companies, there is no (or little) probability that my KYC data would be misused.

So you're not afraid of giving away your data to companies as long as they are big? So thought the users of many Internet communicators and portals like Facebook.
The size of the company doesn't change much. It will only be more convenient for you to find and sue them but your data will be lost anyway.
KYC always sucks.

[xWolfx]

That was a best rule before, but now we are slowly seeing some gambling sites already ask for your KYC. I also don’t want to expose my identity but if i see a great gambling site that is collecting KYC, i will still choose to play. Casinos also asking for your identity, especially those who have an online system where you will just use card as a cash.

I am another person who wouldn't do an identity confirmation in an online casino. You don't really know how they are handling that information or if they will do it right so you have to trust like with everything.

This days information is a really valuable asset. It sells very well in bulk.

[iMark]

I don't like KYC, I like to have a complete freedom in online gambling.
Without KYC we can enjoy more as we are playing anonymously, so I believe that crypto gambling should not require KYC as that is only for fiat gambling.

That was a best rule before, but now we are slowly seeing some gambling sites already ask for your KYC. I also don’t want to expose my identity but if i see a great gambling site that is collecting KYC, i will still choose to play. Casinos also asking for your identity, especially those who have an online system where you will just use card as a cash.

I myself have never played on a gambling site that applies KYC and fortunately that gambling sites I often play do not require it, I do not agree with KYC because many players come to crypto gambling because they want their identity not to be revealed because in every country there is a prohibition on gambling

[darklus123]

Online casino and money laundering.
It is real and it happens. But how about our privacy?

What if I just dont want my wife to see that I am spending money to just gamble my way until I am totally broke?
I mean I have my own reasons for it.

Do you really want someone else to know that you are a gambler? I just want it to be kept for myself.
Better just help the authorities by telling them if you see one who does it.
But still at the end it should not be a mandatory to play bets requiring information about the player.

if you want to live privately then best solution is to not  just gamble. otherwise if you really wanted to gamble then you should make sure that everything is good so you will not be having problem. Legal gambling sites or casinos cannot do anything about it when the local government unit is requiring them to have their KYC policy.

Yet if you persist then you will go down below the standard process which is also risky lol

[Shinpako09]

One thing I wanted online gambling is because they don't have a KYC and I guess others want it too. If ever the site where I play requires KYC then I had to leave and find another reputable one that doesn't have KYC. Like what you have said it's very hassle and the fear of your information getting exploited.

[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.

[Apriand]

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.

[rodel caling]

Before i really against kyc but after all i learn all about why kyc requireing especially if the transaction is bery expensive.
One of the most important kyc requirement useful is to avoid crypto currency to use in bad activities like terrorist I think gambling site also asking kyc because they want to follow the rules of government for anti money laundering law.