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

[Hypnosis00]

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...

KYC is a confidential documents and we don't want it to give without a concrete reason cause we know the possibility if mishandled.
At this time, it looks like KYC is required and almost all exchanges and gambling sites asking for it to validate our registration most specifically with the withdrawal. If that so, we have no choice but to submit it otherwise, you left your money inside.

[leowonderful]

KYC is a confidential documents and we don't want it to give without a concrete reason cause we know the possibility if mishandled.
At this time, it looks like KYC is required and almost all exchanges and gambling sites asking for it to validate our registration most specifically with the withdrawal. If that so, we have no choice but to submit it otherwise, you left your money inside.

You can always do a quick search about the site you plan on gambling on and whether or not the site requires KYC at any stage of using the site through a search engine like Google. I typically do this before playing on somewhat newer casinos that I have my eyes on, and it's been working pretty well recently considering people are usually quick to point out any crypto site requiring KYC. That way, you'll (hopefully) never need to submit KYC on a gambling site again.

[shoreno]

KYC is a confidential documents and we don't want it to give without a concrete reason cause we know the possibility if mishandled.
At this time, it looks like KYC is required and almost all exchanges and gambling sites asking for it to validate our registration most specifically with the withdrawal. If that so, we have no choice but to submit it otherwise, you left your money inside.

You can always do a quick search about the site you plan on gambling on and whether or not the site requires KYC at any stage of using the site through a search engine like Google. I typically do this before playing on somewhat newer casinos that I have my eyes on, and it's been working pretty well recently considering people are usually quick to point out any crypto site requiring KYC. That way, you'll (hopefully) never need to submit KYC on a gambling site again.

Aside from a googel search about the gambling site , its also a good idea to read thier terms and condition or their sites rules because that will give you an insight if what they will requiring for you to play thier gambling site  . usually kyc is required tlo increase your accounts limit or if you are dealing with huge amounts of cash  . kyc is your friend and its good for you as long as the gambling site is proven to be legit  .

[maydna]

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...

If the site can be trustable, we are no problem to send any document to them. Right now, there is hard to search the trustable site because we see many new sites which says that they can protect the customer data. We need to know how good they are so we don't have to worry about sending the document to them. As long as we can search and get good reviews from the site, we can send the documents to them. Yes, we need to know the risk by sending those documents because once the documents are on the internet, we will become vulnerable to be the victims.

[MidKnight]

In my perspective, it's perfectly fine and it's good for both users and the gambling sites. There are so many benefits when online casinos are strictly regulated. First, is that they can determine gamblers that are using laundered money with the help of KYC. You can also prove your wealth that it came from the gambling site if ever people or authorities around you get suspicious with the luxurious life you got from the huge jackpot. But these gambling sites better be sure that they have an active and authenticated license before I undergo their KYC procedures.

[jhonjhon]

I’m in favor of KYC for online casinos because it will make me feel secure to know that the members/players of that site are verified. Aside from that, with their information on the system if someone will do something that is fraud or against the rule then it is easy to identify unlike if no verification is done it is very hard to trace.

[Rufsilf]

I’m in favor of KYC for online casinos because it will make me feel secure to know that the members/players of that site are verified. Aside from that, with their information on the system if someone will do something that is fraud or against the rule then it is easy to identify unlike if no verification is done it is very hard to trace.

Good point but it is also important to make sure that the site we are dealing with is not a scam or fraud because it’s your information that is at stake. Most exchanges or platforms have KYC nowadays and I think it’s good because it can help lessen fraud transactions and can easily be traced, however, one downside could be that fraudsters can still falsify ids just for them to get verified so it is still a must to be very keen and careful who are we talking or dealing with for the security of our coins and information.

[Vishnu.Reang]

Most of the gamblers don't have any issues in paying taxes on their profits. But the problem here is that gambling is a grey area, and no one knows when the authorities will use some loophole to frame you. So avoiding the KYC is not a method to avoid paying taxes. On the other hand, it can be an attempt to hide your involvement in gambling.

[Capt00]

Most of the gamblers don't have any issues in paying taxes on their profits. But the problem here is that gambling is a grey area, and no one knows when the authorities will use some loophole to frame you. So avoiding the KYC is not a method to avoid paying taxes. On the other hand, it can be an attempt to hide your involvement in gambling.

Submitting KYC is not a problem if we only know what would be the reason of being required. Submitting into unknown personality will something be a big deal and it for sure gambler won't do it,  otherwise it compromise ourself in the future.
I don't think that submitting our real identy will lead into paying taxes cause it is not the government are asking for this but only a separate party and still can be out of their control(government authorities).

[omonuyak]

I preferred kyc should be enable in all casino sites and that will bring confidence to both players and casinos sites owner. We have laws in many countries that support kyc and it is better for casinos sites to keep those laws in other to remain in business. I am not going to be against kyc also as a player because I don't want to start hearing stories when I desired to cash out.

[guoyu78]

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.

I think people are really not getting the whole concept of KC and every policy they want to draft after creating a company, they want to include KYC in it which they implement without thinking deeply if such requirement is necessary or not.

The main reason for KYC is guide against the use of fund illegally and also to guide against money laundering, in the case of gambling, I don’t think there can be any case of such, and even if they have to know brief details about their clients, I think the little registration form is more than enough for such.

I am sure very soon, the way people are beginning to really discourage KYC, many company including gambling sites will eventually stop implementing it.

[sana54210]

KYC is a confidential documents and we don't want it to give without a concrete reason cause we know the possibility if mishandled.
At this time, it looks like KYC is required and almost all exchanges and gambling sites asking for it to validate our registration most specifically with the withdrawal. If that so, we have no choice but to submit it otherwise, you left your money inside.

You can always do a quick search about the site you plan on gambling on and whether or not the site requires KYC at any stage of using the site through a search engine like Google. I typically do this before playing on somewhat newer casinos that I have my eyes on, and it's been working pretty well recently considering people are usually quick to point out any crypto site requiring KYC. That way, you'll (hopefully) never need to submit KYC on a gambling site again.

And I still haven’t seen a good reason why gambler fear to fill an ordinary KYC form that much, I do that often and I have no fears since I know that I have a clear conscience and I have no worries if my private information on a site would ever backfire at me, that’s just my opinion and if we are concerned about the security of the site, then it would also be the same with the money  we have in our bank accounts because nothing is ever 100% safe but some risks are just worth taking.

I think since the reason for KYC is mainly to check the activities of laundered money, especially in crypto gambling, it is expected for all gamblers to offer maximum cooperation to make this a success because at the end it is not only beneficial to the casino sites alone but also to the gambler.

[RealMalatesta]

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.

I think people are really not getting the whole concept of KC and every policy they want to draft after creating a company, they want to include KYC in it which they implement without thinking deeply if such requirement is necessary or not.

The main reason for KYC is guide against the use of fund illegally and also to guide against money laundering, in the case of gambling, I don’t think there can be any case of such, and even if they have to know brief details about their clients, I think the little registration form is more than enough for such.

I am sure very soon, the way people are beginning to really discourage KYC, many company including gambling sites will eventually stop implementing it.

I think you forgot to add another reason which is to prevent minors and this is the aspect most gambler and I think this is the real cause for considerable consternation for most gamblers. KYC isn’t really the challenge and I am very sure the reason gamblers suddenly disappear or raise eyebrows when its time to fill this is because most  online gamblers are not of gambling age.

I know a lot of friend who are underage and not qualified by law to gamble but because of anonymity, they now gamble freely and this KYC regulation would never work in their favor, so you see why they would continue to fight it even though its for a good cause?

[bitgolden]

Most of the gamblers don't have any issues in paying taxes on their profits. But the problem here is that gambling is a grey area, and no one knows when the authorities will use some loophole to frame you. So avoiding the KYC is not a method to avoid paying taxes. On the other hand, it can be an attempt to hide your involvement in gambling.

Submitting KYC is not a problem if we only know what would be the reason of being required. Submitting into unknown personality will something be a big deal and it for sure gambler won't do it,  otherwise it compromise ourself in the future.
I don't think that submitting our real identy will lead into paying taxes cause it is not the government are asking for this but only a separate party and still can be out of their control(government authorities).

The reason has long been made clear a, which is to prevent those who are not of age from gambling and also to control fraudulent activities in the gambling sector, I am sure if it was in the power of the casino owners to stop implementing it they would have done that sine they know so well that gamblers don’t really like this policy but it’s a policy made by government and its needed for some casino sites to be licensed.

I also do not really have any challenge with the policy, except for the fear of having the information leaked someday but then I am sure that would be impossible.

[Sithara007]

If the main intention is to prevent under-age players from participating in gambling, then I would say that KYC will be having hardly any impact. I have seen kids as young as 12 years using the Tor browser in my city. Don't you think that they will be tempted to use illegal gambling sites (where KYC is not required) in case the legal ones ask for KYC?

[boyptc]

If the main intention is to prevent under-age players from participating in gambling, then I would say that KYC will be having hardly any impact. I have seen kids as young as 12 years using the Tor browser in my city. Don't you think that they will be tempted to use illegal gambling sites (where KYC is not required) in case the legal ones ask for KYC?

Who knows if these kids are really into that?

The minds of these kids today are hard to predict, they are up to something new although they are aware that it might harm themselves. There are legit sites that does not require KYC too.

[ruthwithers1980]

If the main intention is to prevent under-age players from participating in gambling, then I would say that KYC will be having hardly any impact. I have seen kids as young as 12 years using the Tor browser in my city. Don't you think that they will be tempted to use illegal gambling sites (where KYC is not required) in case the legal ones ask for KYC?

Who knows if these kids are really into that?

The minds of these kids today are hard to predict, they are up to something new although they are aware that it might harm themselves. There are legit sites that does not require KYC too.

When you say legit, do you mean legal? Or licensed? Please cite those "legit sites."

[davinchi]

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...

If the site can be trustable, we are no problem to send any document to them. Right now, there is hard to search the trustable site because we see many new sites which says that they can protect the customer data. We need to know how good they are so we don't have to worry about sending the document to them. As long as we can search and get good reviews from the site, we can send the documents to them. Yes, we need to know the risk by sending those documents because once the documents are on the internet, we will become vulnerable to be the victims.

I THINK YOU AND I SHOULD KNOW BY NOW THAT THERE ARE NO TRUSTED casino sites, they might be fair in dealings but never to be trusted and moreover, casino sites are always vulnerable to hacking, so what happens when the site is hacked and the kept  information leaked? To me, this is even my major and only fear.

I have nothing against KYC agenda but as long as gambling is being played online and with involvement of crypto gambling, it will  ways be difficult to convince gamblers on KYC because what crypto stands for is anonymity and tis shouldn’t be compromised, I will never see myself gambling on a kyc regulated site.

[boyptc]

If the main intention is to prevent under-age players from participating in gambling, then I would say that KYC will be having hardly any impact. I have seen kids as young as 12 years using the Tor browser in my city. Don't you think that they will be tempted to use illegal gambling sites (where KYC is not required) in case the legal ones ask for KYC?

Who knows if these kids are really into that?

The minds of these kids today are hard to predict, they are up to something new although they are aware that it might harm themselves. There are legit sites that does not require KYC too.

When you say legit, do you mean legal? Or licensed? Please cite those "legit sites."

Yes, combination of that.

Not a scam, has a license, has a trusted people that runs the casino.

[shoreno]

I THINK YOU AND I SHOULD KNOW BY NOW THAT THERE ARE NO TRUSTED casino sites, they might be fair in dealings but never to be trusted and moreover, casino sites are always vulnerable to hacking, so what happens when the site is hacked and the kept  information leaked? To me, this is even my major and only fear.

hacking is considered as an accident just like accidents on the road ( e.g car crash ) or accidents that can occur in real life ( e.g loss of ones stuffs ) so hacking is not a gambling sites fault but some says that there are hacking that are intended or should i say inside job on other words  but i believe that that can rarely occur and if it occurs , i think it only happen on unreputable gambling sites .

I have nothing against KYC agenda but as long as gambling is being played online and with involvement of crypto gambling, it will  ways be difficult to convince gamblers on KYC because what crypto stands for is anonymity and tis shouldn’t be compromised, I will never see myself gambling on a kyc regulated site.

same here  . i dont also gamble on site that requires a kyc/aml because the main reason why i use crypto is because of anonimity . i dont want to publicitize my identity not even on a gambling site that requires registration and i also hide my ip address  but like you , im not totally against kyc's  . i like the agenda of kyc  .