GregH37
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Activity: 1302
Merit: 1037
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May 11, 2019, 06:18:01 AM |
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For all Casino platform that deals with Fiat Money, Credit Card and Bank Transaction a KYC procedure is a must and should be strictly followed,. If you don't want to do KYC don't play on those casino platform. Casino that mainly deals with cryptocurrency hardly require KYC to their members and since cryptocurrency is anonymous and private in nature KYC is not relevant. This sum up all the discussion on this thread and lets all stop now Exactly mate. It’s really tiring the way they make it feel like it is a do or die thing to gamble on sites that requests for KYC. Most of the gambling sites that uses cryptocurrency don’t ask for KYC and I feel crypto gambling sites is even easier to gamble on aside the KYC Stuff. I have long stopped gambling on fiat casino site and crypto casino sites makes transfer easier and faster, and in addition, most of the crypt casino sites that I am aware of will not ask for KYC. Since I hate my private information in public and I love to keep my information private, I don’t see any reason to play on sites that are bent on KYC. I don’t think anyone is making it compulsory for gamblers to play on casino sites with KYC regulation. It is a matter of choice. There are people who see nothing wrong with such policy and that are their choice. Everyone is free to make a decision that is suitable for them especially in picking a gambling site of their choice. I don’t and cannot gamble on a casino site with KYC especially when that casino site is now a cryptocurrency site, I feel like it is defeating the objective of decentralization that crypto stands for and I prefer to keep my information secret and if I ever want to release my information’s online but at least not on a gambling site. Gambling sites cannot be trusted with such vital information’s.
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Netnox
Legendary
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Activity: 2044
Merit: 1008
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May 11, 2019, 06:46:12 AM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
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justspare
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May 11, 2019, 12:13:41 PM |
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Big red flag for me the KYC things, especially that casino is using cryptocurrency for their platform. Since crypto is for decentralization then that kind of platform should be also, but we can't force them to submit their personal identification for KYC, if they don't want, they can use another alternative platform for gambling.
Indeed. Nothing can be more annoying than a crypto casino site that asks for KYC. Considering that crypto currency is all about decentralization one would expect that any crypto accepting gambling site would follow suite, but some would still be requesting for KYC. It can be so annoying and for me, I don’t go near them at all, after all that’s not the only site. There are so many gambling sites that accepts Bitcoin and other cryptocurrency and as well don’t pay attention to KYC regulations. I know of fortune Jack. I have been using this site for a while now and there’s nothing like KYC, and it also offers too many varieties of interesting games. There’s no point stressing ourselves over a casino site that requests for KYC. That’s their business and they have their reason for making such decision but whatever it is, I cannot play on a KYC site, it’s not too secured, and too risky to drop personal information on a gambling site I am aware of so many gambling sites that still accept cryptocurrency, in short I am presently playing on stakes using my dogecoin, very affordable for me and safe, so I don’t see any reason why a site should bring a policy that doesn’t not favor me at all, considering the fact that cryptocurrency is for decentralization and any crypt site is expected to be the same.
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emberbekas
Legendary
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Activity: 1904
Merit: 1000
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May 11, 2019, 01:52:53 PM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory.
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Malsetid
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May 12, 2019, 08:59:05 AM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory. Nope i doubt it. Once a person tries crypto gambling, i don't think they'll go back to fiat just because of kyc implementation. There are a lot of crypto gambling sites out there and it's easy to just move from one casino to another. KYC benefits the casinos more than the users and players and we all know it. Yeah there's the positive effect of making it easier to track scammed and hacked accounts, but compare that to the possibility of your information being compromised when a casino itself gets hacked, i'd rather stay anonymous.
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sana54210
Legendary
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Activity: 3206
Merit: 1128
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May 13, 2019, 10:20:03 AM |
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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 combined most of the responses of those who don't approve of the KYC process in casinos and was able to come up with an article: 4 Reasons Crypto Players Skip KYC CasinosAlso, here's another bitcointalk thread focused on those reasons: https://bitcointalk.org/index.php?topic=5136360.0;allThat depends on the casino/betting site. I don't think crypto related casinos and betting sites should be doing KYC, I don't really see anything good about it, I just don't get. Although I have seen some people claim that it can help us recover our account when we lose access to it, lol. Nah, that's not true, you don't need to provide every details of your life just because you want to be able to recover your account in case. Only your email is enough to recover your account when you lose access to it, they can just send you a mail to reset your passwords. So saying KYC is for that is very wrong. Only if you are making bank withdrawal, that's when you should be asked for such things.
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Kiweikoo
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May 13, 2019, 11:19:00 AM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory. There is no doubt in the fact that KYC is not for the gamblers. I think no crypto gambler would love to waste time on website that requires them to go through the KYC thing. There are sites you could gamble on without providing information about your identity and that make sense. They normally get good user base which mean more profit and prospect of new users. I do not think that a KYC would help a site get huge users but only those who do not care about their identity.
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HatakeKakashi
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May 13, 2019, 12:23:24 PM |
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Im not playing to the online casinos who need to submit my information because I need my information secure everytime. Maybe it is good because the team will know who is the player play to their gambling site maybe they more benefits on that but they have bad side also to us because they can see our information and ocne the gambling site is scam maybe they use our Identity to other bad activity.
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Distinctin
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May 13, 2019, 12:39:26 PM |
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All the 4 listed reasons why people does not want KYC is correct. Crypto casinos is popular because they don't enforce KYC and that gives us full freedom here. With this lack of regulation, it's all favorable for both as casinos can attract more gamblers, while gamblers have the convenience in gambling.
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The Cryptologist
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May 13, 2019, 01:02:39 PM |
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I think it should not be obligatory because the most important in online casinos is they operate legally and they have licenses. Another thing, there's a lot of bigtime gamblers does not gamble only on one site. It is easy for them to try other sites when they feel that they don't have the luck when they are playing on those.
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Vishnu.Reang
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May 13, 2019, 01:09:21 PM |
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I have a mixed opinion regarding this move. Even if we submit the KYC documents, I don't think that the casinos will share them with the authorities unless there is a valid reason to do so. If KYC requirement helps the casinos to get the necessary licenses and tax breaks from the government, then let them do it. The vast majority of the online casinos are owned by honest people.
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michellee
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May 13, 2019, 02:24:54 PM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory. Yes, gamblers will stay away from the gambling website which has KYC, and they will search on the other gambling site. With so many recommended gambling website, I am sure we can find the site that will suit us, and we don't have to bother with the KYC process. The gambling website owner should think like gambler sides, did he wants to do the same thing if KYC is needed?
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bitgolden
Legendary
Offline
Activity: 2856
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
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May 14, 2019, 09:04:44 AM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory. Nope i doubt it. Once a person tries crypto gambling, i don't think they'll go back to fiat just because of kyc implementation. There are a lot of crypto gambling sites out there and it's easy to just move from one casino to another. KYC benefits the casinos more than the users and players and we all know it. Yeah there's the positive effect of making it easier to track scammed and hacked accounts, but compare that to the possibility of your information being compromised when a casino itself gets hacked, i'd rather stay anonymous. You are very much on point mate. Nobody will visit a city and still consider going back to a remote town or village. That is the difference between Fiat and crypto gambling. The kyc regulation can actually be very frustrating but it is not enough for a player to want to go and gamble with fiat, its not like there are no other of casino sites that do not ask for KYC, I still no some where I play my games without KYC I have been running away from all the casino sites that ask for KYC because I feel it is not safe for me, like you have said, what if something happens to the site, maybe hacked, so I have to risk my information been exposed? That’s hell NO.
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neonshium
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May 15, 2019, 07:26:14 AM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory. Yes, gamblers will stay away from the gambling website which has KYC, and they will search on the other gambling site. With so many recommended gambling website, I am sure we can find the site that will suit us, and we don't have to bother with the KYC process. The gambling website owner should think like gambler sides, did he wants to do the same thing if KYC is needed? That is pretty right. There are always some alternative you could go for if you find few sites that require you to pass KYC. To be honest, the use of crypto in gambling is felt only when some one does not want his or her identity to be disclosed and wants to gamble anonymously. Crypto comes to rescue in such a situation and KYC can really spoil your joy.
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Whosdaddy
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May 15, 2019, 09:56:04 AM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory. Nope i doubt it. Once a person tries crypto gambling, i don't think they'll go back to fiat just because of kyc implementation. There are a lot of crypto gambling sites out there and it's easy to just move from one casino to another. KYC benefits the casinos more than the users and players and we all know it. Yeah there's the positive effect of making it easier to track scammed and hacked accounts, but compare that to the possibility of your information being compromised when a casino itself gets hacked, i'd rather stay anonymous. You are very much on point mate. Nobody will visit a city and still consider going back to a remote town or village. That is the difference between Fiat and crypto gambling. The kyc regulation can actually be very frustrating but it is not enough for a player to want to go and gamble with fiat, its not like there are no other of casino sites that do not ask for KYC, I still no some where I play my games without KYC I have been running away from all the casino sites that ask for KYC because I feel it is not safe for me, like you have said, what if something happens to the site, maybe hacked, so I have to risk my information been exposed? That’s hell NO. See how you humorously spilled out the truth. The difference between fiat gambling and crypto gambling is obviously clear and no one would ever choose fiat over crypto. I really do know why some crypto sites are beginning to introduce KYC regulation. Two among the sites I checked to play yesterday asked for it but my joy is that I still found one with good games that didn’t ask me for it. Even though nothing would happen to the site or there is no possibility for it to be hacked, I don’t see any reason for KYC on a crypto site. What’s now the decentralization in cryptocurrency? I am truly of the opinion that there shouldn’t be KYC in a crypto gambling site. It is not necessary.
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bonker
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May 15, 2019, 10:56:03 AM |
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I have a mixed opinion regarding this move. Even if we submit the KYC documents, I don't think that the casinos will share them with the authorities unless there is a valid reason to do so. If KYC requirement helps the casinos to get the necessary licenses and tax breaks from the government, then let them do it. The vast majority of the online casinos are owned by honest people.
Not really,some of the most reputed crypto gambling sites in this forum didn't have any legal authority from their respective government which got into attention just recently so they are not going to give some of their profits to their government when there is no necessary to do it.KYC is just like extra requirement to have while we earn huge rewards and want to withdraw it.
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pinoycash
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May 15, 2019, 02:44:45 PM |
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I have a mixed opinion regarding this move. Even if we submit the KYC documents, I don't think that the casinos will share them with the authorities unless there is a valid reason to do so. If KYC requirement helps the casinos to get the necessary licenses and tax breaks from the government, then let them do it. The vast majority of the online casinos are owned by honest people.
Not really,some of the most reputed crypto gambling sites in this forum didn't have any legal authority from their respective government which got into attention just recently so they are not going to give some of their profits to their government when there is no necessary to do it.KYC is just like extra requirement to have while we earn huge rewards and want to withdraw it. When did KYC helps casino get some tax breaks from government? KYC is just a method to verify someones identity to make sure they are not dealing with a money launderer and to check if a real person is behind the keybaord. KYC should only be made mandatory for random age checks and for big whales that playing with big amount.
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MiguelCryptoss
Jr. Member
Offline
Activity: 244
Merit: 3
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May 15, 2019, 02:54:40 PM |
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In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed.
Agree with your view becasue nobody will like to put or stick out his her neck for the government to catch while doing gambling online, especially those regions that disallow gambling for her citizens. In my country, gambling is highly prohibited but, due to the cryptocurrency we can hidling gamble online without any fear from the gambling platforms, because KYC is not involved, if there is KYC, there will be no registration from me.
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Oilacris
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May 15, 2019, 08:45:56 PM |
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All the 4 listed reasons why people does not want KYC is correct. Crypto casinos is popular because they don't enforce KYC and that gives us full freedom here. With this lack of regulation, it's all favorable for both as casinos can attract more gamblers, while gamblers have the convenience in gambling.
but with these benefits it do really have some sort of disadvantage where gambling sites can easily scam its users funds without having a fight yet these places aren't regulated which means if theres some sort of shady act on their side theres nowhere you can run as a player this is why its important to choose up the best among the rest.
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redsun114
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May 16, 2019, 12:51:28 PM |
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KYC is never going to work with the online casinos. In case a popular online gambling site makes KYC mandatory, then the majority of the users are likely to shift to some other site, where it is not needed. In short, it will just push the activity underground and make it even more difficult for the government authorities to do surveillance and tracking.
Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement. There will be no difference between fiat casinos and crypto casinos. So in my opinion, users might prefer to use fiat casinos rather than crypto casinos when KYC becomes obligatory. Nope i doubt it. Once a person tries crypto gambling, i don't think they'll go back to fiat just because of kyc implementation. There are a lot of crypto gambling sites out there and it's easy to just move from one casino to another. KYC benefits the casinos more than the users and players and we all know it. Yeah there's the positive effect of making it easier to track scammed and hacked accounts, but compare that to the possibility of your information being compromised when a casino itself gets hacked, i'd rather stay anonymous. You are very much on point mate. Nobody will visit a city and still consider going back to a remote town or village. That is the difference between Fiat and crypto gambling. The kyc regulation can actually be very frustrating but it is not enough for a player to want to go and gamble with fiat, its not like there are no other of casino sites that do not ask for KYC, I still no some where I play my games without KYC I have been running away from all the casino sites that ask for KYC because I feel it is not safe for me, like you have said, what if something happens to the site, maybe hacked, so I have to risk my information been exposed? That’s hell NO. Actually people these days are more concerned about their security than the money they can make over a gambling site if they click on KYC. To be honest, I am more concerned about this security thing after Binance got hacked. There could be a security breach and if your details are exposed over a site, they could be used for worst intentions. In addition, no one would love to disclose his/her identity and here crypto helps a lot and gives you an option for do so. The general response of gamblers to sites that require them to pas KYC is negative.
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