Reasons Crypto Players Skip Casinos with KYC

[ralle14]

For me, it's the hassle I really don't like to take so much time in making an account and at the same time submitting KYC because i'm not a highroller who's betting thousands per bet that's why I prefer to go for gambling sites without KYC. Also after reading several threads on different gambling experiences I don't want to go through the same problems of people who struggled to receive their money just because of KYC.

[maydna]

KYC? Yes or no? Of course, I choose No

I don't want to choose a gambling site which is use KYC. That is why so far, I try to stay with on the gambling site which doesn't need KYC. Besides that, I wonder why they need to collect our personal identification, and they don't allow us to withdraw the money if we don't submit KYC. I don't like to fill KYC, and it's not just in the gambling site, but it's including ICO, IEO project except exchanges because I used the exchange to make money and I don't mind to fill KYC. But I only choose the recommended exchange to submit KYC.

[xvids]

Lets me quote the 4 reasons in this thread:

#1 Compromised Anonymity
#2 Fear of Info Exploitation
#3 Hassle
#4 Country Restrictions

Further details of each reasons can be read on the added link by OP.

I myself one of those who against KYC procedure for betting purpose in this bitcoin/crypto gambling industry. I have to say that 4 above reasons are enough to represent my situation but the main important reason why I choose to gamble with crypto is about its anonymity. In case all crypto gambling sites requires KYC in the future, I think I will stop gambling as there is no reason for me to continue as I gamble for fun only so I do not want to reveal my identity in online gambling.

Yes it is true those first three reason is why I hate and skip those casino with KYC.
I am already in legal age and I like crypto because of it's anonymity I want to gamble or earn as an anonymous.
And it is not new to us that there are some identity seller in the black market or in Deep web.
And it is just hassle to send out your I.D or personal info besides there are tons of gambling site that doesn't need KYC why would we bother doing it ?

[Indamuck]

Even a lot of these casinos that claim to not do KYC might make you do one if you deposit a large amount or win a large amount.  Thats why its important to only play with a small amount a time and never send your whole stack to one casino.

[Assface16678]

I think crypto players skip casino with KYC because they only visited the gambling site just to play and to earn profit, some players skip KYC because it is just a waste of time for them. I am also playing in crypto casino because i love playing poker and baccarat, and honestly i also skip KYC only for untrusted gambling sites because i don't want to reveal my information in sites and some times my only intention is to play. It is really difficult to share your identity nowadays because other people could use your information to other people that will makes you a criminal, that is why it will be better if you just keep yourself invisible to untrusted sites.

In my own personal point of view, the reason why crypto players skip casinos with KYC. First, there are some countries who declared online gambling sites are illegal that makes them don't show their identities. Second, some players see KYC as a waste of time because it takes a lot of time filling up the form. Lastly, some players don't want to share their information and identities because they are afraid that their information could be use for illegal activities like fraud and scams. Actually the crypto casino that i am playing is safe and secured site which you can really play conveniently and safely. The crypto casino that i have been playing also offers a lot of bonuses and a lot of casino games like poker, baccarat, blackjack, roulette, and video slots. Anyways, I am also one of the players who skip Casinos with KYC because i am also afraid for giving my identity because of scams and fraud.

[Netnox]

Being a recreational gambler, I am not in favor of undergoing the KYC process. Gambling is not illegal in my country, but I am not very comfortable with providing complete strangers (and that too guys associated with the gambling industry) with my ID documents. No matter how much bonus they are ready to provide, I'll just skip them.

[omonuyak]

Being a recreational gambler, I am not in favor of undergoing the KYC process. Gambling is not illegal in my country, but I am not very comfortable with providing complete strangers (and that too guys associated with the gambling industry) with my ID documents. No matter how much bonus they are ready to provide, I'll just skip them.

I don't think it is a bad thing that we should have kyc in gambling.  It is a business and it is good we know those that are playing gambling in other to be able to have good control on the activities of online gambling.  However for those that deals with blockchain I think there might not be need for kyc.

[Juggy777]

Being a recreational gambler, I am not in favor of undergoing the KYC process. Gambling is not illegal in my country, but I am not very comfortable with providing complete strangers (and that too guys associated with the gambling industry) with my ID documents. No matter how much bonus they are ready to provide, I'll just skip them.

If casinos gave a voting option whether we as gamblers would like to verify ourselves via KYC then I would vote no for it, the only circumstances I would submit my documents for KYC is if I have won a huge amount then it’s worth the hassle. The whole point of playing with bitcoins is to remain anonymous, and if we submit our documents then we reveal our identity to the casino and to the law makers. You’re right many gamblers will turn down the bonus, and give the casino a miss if they’re subject to KYC regulations.

[Polar91]

Being a recreational gambler, I am not in favor of undergoing the KYC process. Gambling is not illegal in my country, but I am not very comfortable with providing complete strangers (and that too guys associated with the gambling industry) with my ID documents. No matter how much bonus they are ready to provide, I'll just skip them.

I don't think it is a bad thing that we should have kyc in gambling.  It is a business and it is good we know those that are playing gambling in other to be able to have good control on the activities of online gambling.  However for those that deals with blockchain I think there might not be need for kyc.

There's no point of KYC in gambling actually. People doesn't need to give their identity information in order to gamble wether it's online or offline. Gambling is protected enough to keep them being abused by players; I think transparency in gambling instutions should be the focus more on.

[Moiyah]

and there's the issue of trust.

I cannot trust gambling sites with my personal information which if not safely kept can be stolen and used in identity theft.

I miss the days when I can gamble without registration and KYC. You just need the seed and your good to gamble. Totally anonymous.

Absolutely true. I have also trust issues especially with the kyc required by the gambling sites. We are talking about our personal informations here and I do not want to give such informations with some unsure websites whether it was an old gambling sites or not. The fact that we are sharing our identity with others is a complicated thing and very controversial issue for me.

[FanEagle]

Yes everyone needs privacy especially in gambling type of field they feel secure when the KYC is not been there so I think OK it is not the problem from the side of people it definitely need to be cleared to manage everything carefully to the convenience of the investors in gambling.

Maybe you should speak for yourself and not generalize your own persona opinion. There might be people who really don’t care about confidentiality, they just want to play their games safely, win and go out of the site as quick as possible.

I just prefer to be safe gambling on a site, regardless of the KYC requirement. If a site has proven to be reliable and KYC requirement is the only challenge, then I see no challenge in such site because of that, but for those who like their private life being respected, am sure they would not gamble in such sites or probably look for a decentralize game.

[joshy23]

and there's the issue of trust.

I cannot trust gambling sites with my personal information which if not safely kept can be stolen and used in identity theft.

I miss the days when I can gamble without registration and KYC. You just need the seed and your good to gamble. Totally anonymous.

Absolutely true. I have also trust issues especially with the kyc required by the gambling sites. We are talking about our personal informations here and I do not want to give such informations with some unsure websites whether it was an old gambling sites or not. The fact that we are sharing our identity with others is a complicated thing and very controversial issue for me.

If you are not used doing such things then find other options where gambling site who didn't ask for anything is also available online, you have
to protect your identity and and always enjoyed the same games that you are playing with other site that ask for KYC verification.

[BossMacko]

I am one of those players who doesnt want casino with KYC. Why would i spend time on a casino that needs KYC if there are some casino that doesnt requires KYC. For security purposes? As long as the website is know or running for years for me they are safe.

[Ucy]

In an ideal crypto world, KYC wouldn't be required. Once you begin to use centralized platforms you become vulnerable to risks & regulations associated with centralized cryptocurrency platforms.

[Ailmand]

Gamblers wouldn't exert an effort to submit KYC just to play. They will surely look for sites which don't require it. Most gamblers don't want to expose their identity because they find it risky. I guess submitting KYC for betting sites doesn't necessarily needed and it will only be destruction to costumers.

[Netnox]

Being a recreational gambler, I am not in favor of undergoing the KYC process. Gambling is not illegal in my country, but I am not very comfortable with providing complete strangers (and that too guys associated with the gambling industry) with my ID documents. No matter how much bonus they are ready to provide, I'll just skip them.

If casinos gave a voting option whether we as gamblers would like to verify ourselves via KYC then I would vote no for it, the only circumstances I would submit my documents for KYC is if I have won a huge amount then it’s worth the hassle. The whole point of playing with bitcoins is to remain anonymous, and if we submit our documents then we reveal our identity to the casino and to the law makers. You’re right many gamblers will turn down the bonus, and give the casino a miss if they’re subject to KYC regulations.

In case you manages to hit the jackpot, then anyway you need to go for the KYC process. While filing your tax returns, you need to give details of your winnings. I wouldn't be having a problem with that. But then, if you ask me to submit my KYC documents for withdrawing $10 from the online casino, then I will just refuse it plain and simple.

[jvdp]

I completely understand the problems on KYC but if the site is legit and earn long term names in the crypto community you may take KYC verifications on such gambling sites. There are hundreds of scam gambling site and crypto sites are there.
Please recheck the gambling sites mulltiple before send the bitcoin or alts as well.

[shoreno]

In case you manages to hit the jackpot, then anyway you need to go for the KYC process. While filing your tax returns, you need to give details of your winnings. I wouldn't be having a problem with that. But then, if you ask me to submit my KYC documents for withdrawing $10 from the online casino, then I will just refuse it plain and simple.

It depends on the gambling site that you are playing and it also depends on the jackpot amount that youd won . its okay to do kyc as long as the site is legit and as long as you badly need the money . i think you wont mind the amount that you won whether it is big or small  but if a site is shady and the amount that you won looks promising  . i guess its not worth it to risk your personal infos just comply for a kyc

[kurian]

KYC is not really good for some people, it may because they are underage or to avoid any requirements to be a gambler. It could be also because some of KYC proccess is not easy as it seems. Some of the proccess takes too long time, and people don't have enough patience to wait for approvement. In my opinion, KYC proccess is not that necessary for gambler because most of gambler must be feeling safer to be unknown.

kyc is good to me and I don't really know why we want to hide our identity.  As a gambler it is very important we reveal our identity because it is very possible to make huge amounts of money and if it an evil person that win through anonymous the fund can be channel for evils things that will be a harm to all of us.

For people who are from countries where gambling is prohibited, keeping their anonymity is essential. I am not saying that they are doing the right thing but, this is the reason why most people avoid casinos where KYC is required. Moreover, our identity and related information are never safe with entities such as online casinos and ICOs. For me, avoiding them is the best way to keep myself away from different problems like this.

[Micerker]

I do not choose the required casino platforms for KYC. This makes me think that my identity is not kept safe and I worry that my information may be sold somewhere. Why do I need to complete KYC, I can experience your foundation and do not need to perform KYC, why not? I appreciate and always choose platforms that do not require users to complete KYC as a mandatory requirement.