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

[Vishnu.Reang]

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.

I have never underwent the KYC process for any of the exchanges or gambling sites. IMO, the risk is just too big (and in my case, since Bitcoin is almost banned in my country it is even more risky). If someone wins $100,000 or amounts greater than that, then KYC can be made mandatory. But for withdrawing or depositing $10, what's the need for going for KYC?

[izanagi narukami]

For some people who pro with KYC
It's nothing to worry about as long as it keep people's identity safe.
Also it's prevent we as gambler to cheat etc

For who contra with KYC
It's dangerous to give personal identity to other platform, some people just want to gambler without identity

So my conclusion, the gambler owner must think globally before decide to use KYC

[roosbit]

I think if anyone will be playing from a casino with a very high amount of money(via a deposit)...it makes sense to have the customer go through KYC as its an anti money laundering requirement for most of the regulated casinos unless it's below a certain amount kyc shouldn't be necessary!

[XCANA]

"""

Indeed, KYC will reduce the number of users of a casino if they request it as the main requirement........

Haven been here long ago, many gambling platforms that tried to make KYC as their major requirement before a gambler could gamble all failed, becasue nobody was ready to gamble his/her real identity and those with the KYC where those that had other peoples  identities. Personally, i wouldn't like to gamble with my real identity because, my identity matters alot tome life online

[XCANA]

I think if anyone will be playing from a casino with a very high amount of money(via a deposit)...it makes sense to have the customer go through KYC as its an anti money laundering requirement for most of the regulated casinos unless it's below a certain amount kyc shouldn't be necessary!

We understand quite right, but what are your measures for real identity(KYC)? is your KYC = $200 ~ $1,000?, personally, i value my true identity than any offer one could give from any gambling online casino. If i won such a huge money, and they request KYC from my end, then f**K them with their money, never needn't it, so, let them keep their f**king money, period.

[okala]

Gambler love privacy and once any gambling site is against the privacy of players the look for another gambling site's that give them freedom, I know many share is same believe most of the cryptocurrency lover hate giving out they information in form of kyc and at that making them vonorable to any form of attack because they information and personal data is made public.

[Harlot]

Gambler love privacy and once any gambling site is against the privacy of players the look for another gambling site's that give them freedom, I know many share is same believe most of the cryptocurrency lover hate giving out they information in form of kyc and at that making them vonorable to any form of attack because they information and personal data is made public.

Bro don't you even wonder why other gambling sites don't require some kind of KYC? Because they are most probably running their operations illegally. Legit gambling sites permitted by law have been required to ask KYC for their clients not because they want too but because they are required by law oit is one of their solutions for AML. I know a lot of us have grown up with an industry focused on anonimity but since the government is actively being part os us now let us expect that anonimity will not be an option woth them.

[d1ceplayer]

Uhm, i think having KYC makes things a lot safe. But one thing you should know is that even scammers can request for KYC, and that means double for them, if you go to the extent of depositing before realizing it's a scam. They will make away with your money and also sell the info you've given to them to the dark web for people needs it, maybe for a criminal purposes, or whatever they need it. So this is one of the reasons why there are people who hates KYC, some people just prefer to stay anonymous and mot give out information about themselves to anyone.

[GregH37]

Uhm, i think having KYC makes things a lot safe. But one thing you should know is that even scammers can request for KYC, and that means double for them, if you go to the extent of depositing before realizing it's a scam. They will make away with your money and also sell the info you've given to them to the dark web for people needs it, maybe for a criminal purposes, or whatever they need it. So this is one of the reasons why there are people who hates KYC, some people just prefer to stay anonymous and mot give out information about themselves to anyone.

KYC or No KYC, those who would defraud will still do it, I think the reason why many sites are beginning to introduce KYC is to prevent fraud.  And some people believe that only sites that ask for KYC are legit. For me I don’t care, because I know how to detect sites that are legit, and I don’t judge using KYC regulation.

What matters to me always is my safety and safety of my information and this is the reason why I will not be too relaxed to fill a KYC form on a gambling site. I feel the site can be hacked and the information leaked out. Until I am very sure that gambling sites have measures in place that would guarantee the site can never be hacked. That Is the only time I might consider dropping my KYC details

[Noilee]

As long as the website is trusted and operating for years and has a good reputation, why not? I know that it is a hassle for some user to do KYC but I guess it's for safety reasons as well that it will never be exploited by abuser, cheater, or by worst to criminals or terrorist.

Its true if the casinos requires a kyc definitely its trusted and dont need to doubt or worry, because we are all know for the secure purposes. I think they just want to know if it's really you. But kyc is not need much, especially if you want to hide your personality.

[samputin]

Of course most of us chose playing with crypto because we wanted to be anonymous and we don't want to go the hassle of submitting our personal information. But the problem with some crypto related casino is that they are somewhat 'enforcing' KYC specially if you're going to withdraw a big amount.

Which for me defeats the purpose on why we are in crypto related casino in the first place, decentralized, (psuedo) anonymous. If that is the case then we might as well play in fiat-based, because it seems that there are no difference after all.

Right. I think the primary reason why we gamble online and using crypto is because we want to keep our identities hidden. In other word, anonymous. We want to skip the hassle brought about by filling up forms about our personal information. But based on what I have read, KYC is implemented for regulatory purposes especially for the security of their system. And I guess it's for the greater good.

People will always have different opinions on this one because people have different point of view and that does not exclude gambling. I think, however, that we should just understand the reason behind. Besides, we still have an option to sign up to gambling sites with KYC features or just look for another one which don't have one. It still depends on us after all.

[Rune]

I find KYC very annoying as a person who wants to go and do things in the moment on a whim it takes up a bunch of my time and really ruins the mood i was in when i wanted to try out the website I was going to.
heck I get annoyed when I send bitcoins to gamble with and I need to wait for the confirm kyc is worse its like being in the doctors office filling out forms and waiting.
I want good instant convenient service!

[Harlot]

For some people who pro with KYC
It's nothing to worry about as long as it keep people's identity safe.
Also it's prevent we as gambler to cheat etc

For who contra with KYC
It's dangerous to give personal identity to other platform, some people just want to gambler without identity

So my conclusion, the gambler owner must think globally before decide to use KYC

It's really not up for them to decide on whether or not they'll be implementing KYC in their platform. Gambling sites are not immune to the government's authority and they can track what's coming and going inside their gambling site the KYC requirement for them is mostly used in AML procedures in which they need to be always prepared just in case the authorities comes knocking in their doors. They just don't want to be link in any kind of money laundering operations happening in their platform and I think it is fair enough for them to ask who their users are.

[Altero]

I find KYC very annoying as a person who wants to go and do things in the moment on a whim it takes up a bunch of my time and really ruins the mood i was in when i wanted to try out the website I was going to.
heck I get annoyed when I send bitcoins to gamble with and I need to wait for the confirm kyc is worse its like being in the doctors office filling out forms and waiting.
I want good instant convenient service!

I know how confidential is our identity in any online platforms, a lot of people might taking advantage of using it into illegal activities. I may think that submitting KYC it is an option to us, in fact, we have a lot of time to think. Due to some issues regarding some people using different identity(or using other's identity), it makes people keep their profile at safe and submitting KYC will be a big deal to us.

[maydna]

As long as the website is trusted and operating for years and has a good reputation, why not? I know that it is a hassle for some user to do KYC but I guess it's for safety reasons as well that it will never be exploited by abuser, cheater, or by worst to criminals or terrorist.

Its true if the casinos requires a kyc definitely its trusted and dont need to doubt or worry, because we are all know for the secure purposes. I think they just want to know if it's really you. But kyc is not need much, especially if you want to hide your personality.

But that does not guarantee that if the casino uses kyc is a trusted website because we know that many gambling sites which don't use kyc can be a trusted gambling site too.

I think kyc will make gamblers feel not good because they still worry about the thief who will steal their personal information. That is why many gamblers want to join in the gambling site which doesn't use kyc so they can play any games without sending the document. Perhaps, most gamblers want to feel having fun in the games without any matter about kyc.

[joshy23]

I find KYC very annoying as a person who wants to go and do things in the moment on a whim it takes up a bunch of my time and really ruins the mood i was in when i wanted to try out the website I was going to.
heck I get annoyed when I send bitcoins to gamble with and I need to wait for the confirm kyc is worse its like being in the doctors office filling out forms and waiting.
I want good instant convenient service!

I know how confidential is our identity in any online platforms, a lot of people might taking advantage of using it into illegal activities. I may think that submitting KYC it is an option to us, in fact, we have a lot of time to think. Due to some issues regarding some people using different identity(or using other's identity), it makes people keep their profile at safe and submitting KYC will be a big deal to us.

That the risk that every participants needs to take each time they process this requirements, many gamblers are annoyed when they've found out
that this process is required so now most of them are making sure to read everything first before sending a deposit, making them assured that
they will not be needed to complete this process.

[rachman mahesa]

KYC procedure in playing gambling seems like a lot of people don't like it, including me personally. Because according to many KYC people it is certainly very disturbing to do it just want to play gambling. So if there are gambling sites that have to do kyc in order to play, of course I will never play there.

[IPVPIRL]

I prefer not doing KYC for any reason. I have to measure everything and only if I find that it is in my interests I proceed with KYC. Otherwise I won't bother with any website to sent them my details and documents.
I was playing in Pokerstars from 2009-2015 and FTP until 2011. Never did KYC and never sent them my ID. Suddenly around 2017 they started asking for documentation. There were other places available so I left. The main reason though, was that I stopped profiting from their games. If the same good games from 2009-2011 were available then I would have sent them my ID and any information asked.

[jvdp]

Not only gambling , all the crypto platform businesses are looking for the non KYC option go get involved. We are not at all safe because of thatt pulling stealers and hackers.
We need to choose the good gambling without kyc. There are plenty of good site without kyc verification then why we need to choose others.

[AmoreJaz]

Not only gambling , all the crypto platform businesses are looking for the non KYC option go get involved. We are not at all safe because of thatt pulling stealers and hackers.
We need to choose the good gambling without kyc. There are plenty of good site without kyc verification then why we need to choose others.

thats right, kyc can be seen in other crypto platforms other than gambling sites. i guess accomplishing kyc depends entirely on the player.
no one is forcing him to send his personal docs so one cant blame any site if something goes wrong along the way
make sure that once you fulfil the requirements, you know the risks involved. pretty simple...