Reasons Crypto Players Skip Casinos with KYC

[SirLancelot]

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.

I think the option number two is the main problem with KYC and this is the reason why people skip crypto casinos with KYC. People do not want their information to be shared and this is the reason they opt for crypto casinos but what is the use of crypto casinos if they are ask to verify their identities so yeah, it sound a bit awkward due to which people prefer to skip.

[1715321497]

1715321497

[1715321497]

1715321497

[1715321497]

1715321497

[1715321497]

1715321497

[michellee]

Most of the gamblers in here doesn't want to play in the gambling site with KYC because we don't want to use the private document for the verification process. We want to be a person who can play gambling without completing the verification besides that, we use crypto for gambling, and we don't want other people know what we did.

[Naida_BR]

The feature of anonymity is one that made people jump at online casinos (especially based on the blockchain).
If casinos implement KYC then there is no difference than playing in a traditional casino.
Personally, I avoid betting in casinos with KYC because I want to keep my anonymity and also I am scared of giving them to casinos where I don't have any identity of the owners and I don't know how they are going to use my identity.

[emberbekas]

The feature of anonymity is one that made people jump at online casinos (especially based on the blockchain).
If casinos implement KYC then there is no difference than playing in a traditional casino.
Personally, I avoid betting in casinos with KYC because I want to keep my anonymity and also I am scared of giving them to casinos where I don't have any identity of the owners and I don't know how they are going to use my identity.

True, one of the reasons why we use crypto currency as a gambling tool is because of its anonymity feature. Moreover, if every gambling site will apply KYC as the main requirement, maybe I will stop gambling wholly!

[Findingnemo]

People don't trust the online gambling sites for their sensitive personal information.

People chooses crypto online gambling sites over the fiat online betting sites for simple registration so if any sites ask to complete verification then people will simply ignore it.

[rijaljun]

People don't trust the online gambling sites for their sensitive personal information.

People chooses crypto online gambling sites over the fiat online betting sites for simple registration so if any sites ask to complete verification then people will simply ignore it.

Correct!
Beside of that, sometimes identity verification is taking really much time just to get approved. It doesn't only happen in gambling sites, but many project sites especially cryptocurrency exchanges. Imagine, someone is going to have fun and relieve their stress by playing gambling, and then he visit a gambling site that ask him to verify their identity before able to play. Then, the verification is not approved and that made him more stressful.

[Ayiranorea]

Most of the gamblers prefer to be anonymous without knowing their identity being revealed. This is mostly concerned for the security purpose, there are incidents on which the users were tracked with their identity and demanded funds. Even there are murders taken place in such a way of back tracking. To be safe it is good to skip such casinos for above mentioned reason.

[proTECH77]

Personally, i don't trust anything about online with KYC because that could lead to information exploitation and could make information available to the government especially my country are against gambling. Will never give my real identity for any reason while gamble in online games casinos. Any Casino with KYC is out of my list no matter how awesome their platform looks or how many rains they drop on the gamblers. Cann't afford to release my information.

[davinchi]

Most of the gamblers in here doesn't want to play in the gambling site with KYC because we don't want to use the private document for the verification process. We want to be a person who can play gambling without completing the verification besides that, we use crypto for gambling, and we don't want other people know what we did.

I think people prefer cryptocurrency to stay anonymous and so what they want to do. KYC know your costumer defies this rule and you have to go through confirmation which means you would no more stay under the mask but your identity will be saved. This is the reason people prefer to refrain using sites with KYC in their terms and condition. Same goes with me.

Any Casino with KYC is out of my list no matter how awesome their platform looks or how many rains they drop on the gamblers. Cann't afford to release my information.

Unfortunately most crypto gambling houses are not asking you to clear KYC when you begin with them but when you are about to withdraw big money from them then you might be asking to clear KYC/AML. So, your current list itself may have some KYC asking houses. Check with this forum for other gamblers' experience on KYC while withdrawing big amounts.

[Capt00]

Most of the gamblers in here doesn't want to play in the gambling site with KYC because we don't want to use the private document for the verification process. We want to be a person who can play gambling without completing the verification besides that, we use crypto for gambling, and we don't want other people know what we did.

I think people prefer cryptocurrency to stay anonymous and so what they want to do. KYC know your costumer defies this rule and you have to go through confirmation which means you would no more stay under the mask but your identity will be saved. This is the reason people prefer to refrain using sites with KYC in their terms and condition. Same goes with me.

Because cryptocurrency is decentralized then also gambling site should not implement KYC/AML. Gamblers avoided on this gambling site that having KYC because they much prefer with being anonymous. The majority of gamblers want is that they don't expose their private documents and exposure to others and probably there's a lot of significant reason to keep hiding in the gambling industry.

[Harlot]

I think the reasons they have gave doesn't only apply to crypto gambling sites since even users of exchanges and wallets services always gave out that reason when they don't want to provide it. With that being said I really don't like the idea why they still continue to think that being anonymous is still an option for us now that majority of the governments has been made fully aware of the situation thus making a anonymous industry is now entirely possible.

[ruthwithers1980]

One thing that's noteworthy: Casinos that required KYC and went bankrupt after some time could sell the info they gathered from their players. On LinkedIn, you will see some profiles there sending messages containing intention to sell a database of info of thousands of players. The next you know, your email is now being bombarded with spam and unwanted messages from unknown senders. And what of your credit card info? Things get scarier when your financial details are now exposed.

[Tipstar]

“Know your customer,” “know your client,” or simply KYC is a procedure carried out by a business to verify the identity of its potential and existing customers. This is done to avoid putting the business at risk of being used by fraudulent individuals for illegal activities like money-laundering.

Additionally, the procedure is one way of protecting the interest of the customers, usually in case of loss of account or fund forfeiture.
In the online betting industry, all the reputable casinos you know do the KYC in compliance with the gaming-related laws within the jurisdictions they target. They are required to get their players’ personal information like name, age, address, and sometimes banking details. They even ask the players to present copies of their valid IDs just to ensure there will be no fraud.

While some cryptocurrency players find KYC beneficial and well-intentioned, others see it as a menace to online betting. Here's why: 4 Reasons Crypto Players Skip Casinos with KYC

One of the reasons why people choose crypto casinos inspite of traditional online ones is the anonymity. If a crypto casino asks for your KYC, why not just give it to the traditional one as they provide much more options.

[jvdp]

Decentralized cryptos are meant to stay anonymous in that you want to verify the KYC details and work by knowing own details msNz it does not work. There are plenty of gambling operates without verifying KYC details.

We can go to such gambling site and start gamble with it. Check on this forum to pick trusted gambling sites.

[beerlover]

Decentralized cryptos are meant to stay anonymous in that you want to verify the KYC details and work by knowing own details msNz it does not work. There are plenty of gambling operates without verifying KYC details.

We can go to such gambling site and start gamble with it. Check on this forum to pick trusted gambling sites.

Thank you for this mate. Everything cryptocurrency encourages anonymity and I do not see any reason why a crypto gambling site should ask for KYC. I will not play on such site and if there are no other site I can play with fiat, at least I know it’s not crypto. But as long as I am playing with crypto I would prefer to remain anonymous and the good thing is that there are so many sites that do not ask for KYC details.

Every gambler wants to feel secured while playing and I am very sure it’s one of the reasons many chose online casino to fiat, and a site introducing KYC requirement is really not right. How will I feel secured gambling, knowing well that all my private information’s are with the site operator

[bittraffic]

There are tons of alternative casino to go that don't ask for KYC so why bother going into that hassle of sending documents, unless you have a lot of funds in that casino and suddenly they declare they need to ask for papers then you would be force to send some. But probably after that you'd withdraw everything to move to another casino that doesn't ask KYC.

[semobo]

There is no problem for most of the player to submit KYC since they are not doing anything illegal but they are not going to trust some online site with their personal information so they will go for sites without KYC since there are many sites available for us.

[XCANA]

Knowing the important of KYC and also knowing how important my personal information worth, i wouldn't take any chances to reveal my real identity all in the name of Gambling or to claim coins in an exchange. The worth of my information superseded what anyone would afford to offer to me. I skip gambling and exchange platforms with KYC.   

[SyGambler]

personally I have no problems with KYC , but surprised that nobody mentioned that KYC sites are usually the ones that limit winners

in sportsbetting so far I joined two sites that have KYC and both of these sites limited me in short time
but bookies that have no KYC won't bother limiting you , cause simply you can just create a new account and start again

that doesn't mean that all sites with KYC will do that but the majority do , asian brokers usually have KYC but they won't limit you even if you win hundreds of thousands

[Xenrise]

Why don't you summarize your article(if you were the writer of it) in your thread? It's better for users to see it on the thread before opening the link. Since, there were many malicious files/links in this forum. Anyway, the article is real, these are also my reasons why I don't want KYC in Casinos. But, it is needed whenever you got a big prize.