Reasons Crypto Players Skip Casinos with KYC

[Rufsilf]

Those Four Reasons why gamblers don't really mind KYC and would skip gambling sites that do have one, And in my opinion and In my opinion it is just a bother and hassle for some because Cryptocurrency is really anonymous certain people tend to be that way and don't want to bother giving their information to play on online casino's And even though there are online casino' that requires it for their own security, Gamblers would surely want their own security as well, And giving it to a site would make a gambler uneasy and would sure exploit their information to the public and how much gains they make or how much loss they acquired I really think this is the things they tend to take care off.

I agree, I think it’s not that they don’t want there security but giving your information most especially online will make you feel uneasy or worried, what if the site was redirected to something that isn’t legit. Also most of the people who gamble using cryptocurrency love its anonymity so I guess most of them well, including me wants to keep being anonymous while gambling. 

[jrrsparkles]

Most people avoid casino's with KYC just because they care about privacy and this is the important factor that cryptocurrency gambling to be more popular in short term.

[rachman mahesa]

For me personally, I would never do just to play gambling. Because my main goal is to play gambling not to look for profit but for pleasure. Why do you have to do Kyc is just a pleasure. Different if you are looking for profit in gambling. If you want to do it, just go ahead. That is the decision of each person.

[Micerker]

I ignore casinos that require KYC because I want to experience a platform that does not love identity verification. I don't want my personality to revealed, and especially I don't want everything to be too complicated. Why do you have to spend a little more time with KYC and your identity reveal?

[jvdp]

No one wish to verify themselves in this crypto field. Even i feel the same if anyone ask me to verify KYC for investment or for any kind of services. To gamble with our own fund they could ask KYC from us.
May be if they want to track the high investment they give the limit for the gamblers how the exchanges gives for KYC verified users. if that action has been taken then people will be enjoy in all the gambling sites.

[uneng]

But what is really bad about submitting KYC? Is it not just filling of personal information? This is what i do in most exchanges when i want to carry out a transaction  and even ICOs 

KYC ask for your information and valid ID giving this kind of information to any site is risky.
it may look like a small thing for you but it can be use in different and illegal things which might
put you in an undesirable situation.

KYC Is not good to me also as a player of gambling, I don't trust anyone because what if those gambling site that I pass KYC or my Identity will turn as scam and all the information of the player uae to bad things like scamming others. Im always be acreful to what action I made or even every single information I can do all to hide my informatiom for my own security because it is risky and we all know that.

It's true. If the casino turns into scam later they can use your informations against you. It can be used for extortion and blackmail purposes, what can become a big issue in someone's life. Let kyc for exchanges only.
If the gambler has to pass through an exchange to buy or sell his btcs, the casino doesn't need to do the same procedure.

[carlfebz2]

But what is really bad about submitting KYC? Is it not just filling of personal information? This is what i do in most exchanges when i want to carry out a transaction  and even ICOs 

KYC ask for your information and valid ID giving this kind of information to any site is risky.
it may look like a small thing for you but it can be use in different and illegal things which might
put you in an undesirable situation.

KYC Is not good to me also as a player of gambling, I don't trust anyone because what if those gambling site that I pass KYC or my Identity will turn as scam and all the information of the player uae to bad things like scamming others. Im always be acreful to what action I made or even every single information I can do all to hide my informatiom for my own security because it is risky and we all know that.

It's true. If the casino turns into scam later they can use your informations against you. It can be used for extortion and blackmail purposes, what can become a big issue in someone's life. Let kyc for exchanges only.
If the gambler has to pass through an exchange to buy or sell his btcs, the casino doesn't need to do the same procedure.

Not only Exchangers do really need some law implementation when it comes to kyc process yet gambling sites are also required to comply with rules depending on countries jurisdiction.
No matter if its and exchange or gambling site,if its being asked then owners wont really have any choice but to follow on whats being required.Most gambling sites now doesnt ask KYC
verification but there's a thing been written on their ToS but these are only applicable on some cases only so i dont see anything for us to be worried about.

[thin]

unlike bank account crypto wallet does not require KYC. Most people who own crypto do it because of anonymity , and they would like to spend it silently. So crypto casinos with KYC just not natural for their potential clients, and have disadvantage over many others casino which don't require KYC

[Ryan Dugan]

KYC is not meant to be for gambling. KYC is for big investments or legal authority, not a person who can be anyone sitting behind the pc? Anyone here can have a casino, even people in this thread.
If someone on the forum asks for KYC why won't you give it to them but you will to a casino or unknowns running unknown companies with intentions unknown?

Even the strongest of fortresses unpetrable. Each time you give KYC you expose yourself to risk with each time increasing.

[redsun114]

But what is really bad about submitting KYC? Is it not just filling of personal information? This is what i do in most exchanges when i want to carry out a transaction  and even ICOs 

KYC ask for your information and valid ID giving this kind of information to any site is risky.
it may look like a small thing for you but it can be use in different and illegal things which might
put you in an undesirable situation.

KYC Is not good to me also as a player of gambling, I don't trust anyone because what if those gambling site that I pass KYC or my Identity will turn as scam and all the information of the player uae to bad things like scamming others. Im always be acreful to what action I made or even every single information I can do all to hide my informatiom for my own security because it is risky and we all know that.

Well it is not a rocket science and I think that in the absence of KYC, they really enjoy and gamble immensely without any kind of check on the limit of gambling. So yeah, KYC limits them and do not allow them to gamble unbridled because of the identity thing that these people really care about and do not want it to be disclosed.

[ethereumhunter]

Most people avoid casino's with KYC just because they care about privacy and this is the important factor that cryptocurrency gambling to be more popular in short term.

That's true, and I think we don't have to play in the casino with KYC because there are many casinos which don't use KYC and we can join with them. Using KYC will be too risky for every people, and that is not worth to do because we can be vulnerable and besides that, our data can be sold by them if they want to make money from the illegal things.

[hahay]

Most people avoid casino's with KYC just because they care about privacy and this is the important factor that cryptocurrency gambling to be more popular in short term.

That's true, and I think we don't have to play in the casino with KYC because there are many casinos which don't use KYC and we can join with them. Using KYC will be too risky for every people, and that is not worth to do because we can be vulnerable and besides that, our data can be sold by them if they want to make money from the illegal things.

The main reason gamblers play on crypto gambling is to avoid KYC and here we will remain anonymous, different from other online gambling that does not use crypto. At least there we have to enter something like the bank account that we use and of course it is an identity that at least becomes our privacy to be properly guarded. Even so, there are still many of my friends playing there and I will personally avoid it because the government forbids gambling and that is what worries me.

[Finestream]

Most people avoid casino's with KYC just because they care about privacy and this is the important factor that cryptocurrency gambling to be more popular in short term.

That's true, and I think we don't have to play in the casino with KYC because there are many casinos which don't use KYC and we can join with them. Using KYC will be too risky for every people, and that is not worth to do because we can be vulnerable and besides that, our data can be sold by them if they want to make money from the illegal things.

Exactly.It's not really 100% safe if we do KYC because there are tendencies that our personal information will be exploited and the worst would be using our own identities for their own sake.So as much as possible,i do not engage in casinos that require KYC.I still prefer to be anonymous most of the time.

[sweetbet]

I don't understand why a 100% crypto only online casino would want your banking details. That doesn't sound right to me.

[Dreamchaser21]

I ignore casinos that require KYC because I want to experience a platform that does not love identity verification. I don't want my personality to revealed, and especially I don't want everything to be too complicated. Why do you have to spend a little more time with KYC and your identity reveal?

We all don’t want to reveal our identity and that is why we are not playing on those casinos who requires KYC. I think it should be done for a transactions like 100btc and up, i know its for the security of the gambling site but they should think that cryptogambling should remain anonymous.

[STT]

#2 Fear of Info Exploitation

I have submitted  drivers license to a casino only for them to object on a minor detail and demand I send them my birth certificate as proof further.   Eventually they just kept my money and closed down the firm, I call that exploitation.    All they really had to do was refund the money to the card that funded the account but they weren't prepared to do that.    Could be worse, it wasn't a large amount but this kind of example is more then anything why people avoid kyc operations as unreliable and anti consumer.

The industry needs to form a common policy and a way to appeal against forfeiture where its not profitable for a company to harvest customer funds and call it kyc.   If there was some independence to this review it would help add integrity and trust, probably benefiting inward custom

[smyslov]

You are risking your money and you are risking your identity too, these are the two issues that confront gambler when they are playing on a site that asks for KYC, the site's arguments are all valid as long as they are compliant and they are in business for a long time, it's ok to do KYC, gambling sites is so much like trading sites there are parameters that they must implement to protect both parties.of course it's different from ICO investing.

[shoreno]

You are risking your money and you are risking your identity too, these are the two issues that confront gambler when they are playing on a site that asks for KYC,

When you play gambling you already risk your money and its normal with or without a kyc because there are many sites that allows direct betting/playing but for other casinos they usually require a kyc before a user can play because they are more stricter and more legal  .

it's ok to do KYC, gambling sites is so much like trading sites there are parameters that they must implement to protect both parties.of course it's different from ICO investing.

Kyc on casinos and on ico are i think both the same because they do all require a valid i.d and a selfie  . doing them is not compulsory and its up to the user if he or she will do to continue or will choose to leave and look for other alternative

[Jjewelle29]

Yes, there is crypto players want to skip casino because of KYC, sometimes many requirements required and need to wait long time for Kyc aproval and for me if you are a gambler is better to be unknown for safety purpose.

[Thanasis]

Yes, there is crypto players want to skip casino because of KYC, sometimes many requirements required and need to wait long time for Kyc aproval and for me if you are a gambler is better to be unknown for safety purpose.

Anonymity is the main reason for the people to avoid casinos with KYC,but it doesn't take too long for the approval.

Even though if the casinos are more reputed we cannot trust them for giving all our sensitive information.