Vaculin
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June 12, 2019, 11:06:52 PM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
Exactly.Gamblers chose crypto gambling because its real identities are not revealed but with KYC that is happening right now,I think there is no 100% security that all our personal information will not be revealed.I understand its for the security between the gambler and the gambling sites but still i am not confident in giving my personal information to any of those staffs in casinos. KYC is not only used for finding a real person behind the funds. If that was a case the casino stuff should ask questions about the source of funds in my opinion. GDPR regulation rules don't let the real casinos to operate without KYC and this data is shared with the authorities too. Crypto gambling sites offer us freedom and decide how to use our own money instead of thinking about the potential privacy issues. It's not the casino who will find out the source of funds, probably the regulators and that KYC is just one of the information they need to conduct an investigation in case your name attached to something illegal like money laundering, that KYC format also is required from the regulators.
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ethereumhunter
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June 13, 2019, 08:06:54 AM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
Exactly.Gamblers chose crypto gambling because its real identities are not revealed but with KYC that is happening right now,I think there is no 100% security that all our personal information will not be revealed.I understand its for the security between the gambler and the gambling sites but still i am not confident in giving my personal information to any of those staffs in casinos. KYC is not only used for finding a real person behind the funds. If that was a case the casino stuff should ask questions about the source of funds in my opinion. GDPR regulation rules don't let the real casinos to operate without KYC and this data is shared with the authorities too. Crypto gambling sites offer us freedom and decide how to use our own money instead of thinking about the potential privacy issues. I won't give any details about the source of funds because that is my secret and that is why I don't like to fill KYC on the internet. Maybe I was too scared to give my personal identification because I hear much bad news on the internet that telling their personal information was stolen by another party. The simple example of this is the email that we use has been used for many things by them, and I cannot imagine how if that is my personal information that will be used by them.
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xSkylarx
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June 13, 2019, 08:27:47 AM |
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Main reason is security and privacy. Anyone can use or sell your data over the internet. And how will it benefit to your gambling business if you ask for your users info just to gamble. They aren't withrawing money instead they are giving your business profit. Gamblers won't bother completing kyc if there are websites where they can play without having to do kyc.
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bitgolden
Legendary
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June 15, 2019, 07:54:20 AM |
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Main reason is security and privacy. Anyone can use or sell your data over the internet. And how will it benefit to your gambling business if you ask for your users info just to gamble. They aren't withrawing money instead they are giving your business profit. Gamblers won't bother completing kyc if there are websites where they can play without having to do kyc.
As far as anything called deposit is involved, I don’t think they are still completely out of their boundary, any registered company is obliged by law to Know its customer and they are simply just following the policy of the land without meaning any harm, I know we have some terrible people that will always take advantage of things like that for evil purpose, but not everyone, which is why we still have to ensure that any gambling site we pick interest in can be trusted. Before I agree to drop my information with any website that request for it, I make sure I check that such site has privacy policy, ssl certificate and are able to protect my data from an authorized access.
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rachman mahesa
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June 15, 2019, 09:08:41 AM |
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Main reason is security and privacy. Anyone can use or sell your data over the internet. And how will it benefit to your gambling business if you ask for your users info just to gamble. They aren't withrawing money instead they are giving your business profit. Gamblers won't bother completing kyc if there are websites where they can play without having to do kyc.
It seems that there are still many gambling sites that are not obliged to do KYC and that makes gamblers happy to play there. I agree if the main reason is someone's Security and Privacy. I am sure, many gamblers do not want to do it just want to play gambling.
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imstillthebest
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 15, 2019, 09:16:42 AM |
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Main reason is security and privacy. Anyone can use or sell your data over the internet. And how will it benefit to your gambling business if you ask for your users info just to gamble. They aren't withrawing money instead they are giving your business profit. Gamblers won't bother completing kyc if there are websites where they can play without having to do kyc.
It seems that there are still many gambling sites that are not obliged to do KYC and that makes gamblers happy to play there. I agree if the main reason is someone's Security and Privacy. I am sure, many gamblers do not want to do it just want to play gambling. yeah many gambling sites dont require a kyc at first but they will require kyc later on if you decide to deposit or withdrew bigger amounts , that is because they want to verify the transaction or the person rather that is doing the transaction if its legit or the funds rather is legit and does not came illegal or shady acts . there is no reason to skip kyc if you are a good and legit gambler , those who will skip kyc are sucpicious or may have other valid reasons .
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Ranly123
Full Member
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June 15, 2019, 10:33:03 AM |
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“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 KYCKYC is good if only for the legitimate institution for security measures but most of those asking KYC just want to take our personal data and use it for eligal purposes. This is the reason why most investors in cryptocurrency doesn't like KYC.
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Ucy
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 15, 2019, 03:18:35 PM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
Exactly.Gamblers chose crypto gambling because its real identities are not revealed but with KYC that is happening right now,I think there is no 100% security that all our personal information will not be revealed.I understand its for the security between the gambler and the gambling sites but still i am not confident in giving my personal information to any of those staffs in casinos. A gambler could even register for KYC without the gambling owners able to associate the sensitive information with the gambler. Promoters of KYC have failed to understand the psychology behind rejection of the current method It is surprising how KYC is being done in a modern world. No talk about the protection of the informations from hackers. Nothing about protecting the owners or jailing those who gets hacked due to weak security
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Question123
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June 15, 2019, 05:15:55 PM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
You have a point, we use cryptocurrency so we want to be anonymous because hiding Identity is for your own safety for anyone who want to steal your information. Im not giving my KYC to them unless they have big money that I need to withdraw and all of us can send because we cannot withdraw we do not but I prevent to play to the gambling site who needs to comply KYC.
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Fredomago
Legendary
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June 15, 2019, 05:24:00 PM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
You have a point, we use cryptocurrency so we want to be anonymous because hiding Identity is for your own safety for anyone who want to steal your information. Im not giving my KYC to them unless they have big money that I need to withdraw and all of us can send because we cannot withdraw we do not but I prevent to play to the gambling site who needs to comply KYC. But most of the gambling site when you needed to withdraw huge amount will require you to undergo with the KYC procedures, they need to comply with their obligations under the law who's regulating their premises, no chance for being anonymous if you are a heavy gamer and you need to withdraw big winnings from the gambling house.
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onrise
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June 15, 2019, 05:43:54 PM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
People have being scammed in recent past in various cases and prefer not to give KYC to any third party or to whom who they do not know and thus they prefer to keep their privacy and not to disclose it which they can misuse it or not sure .
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hahay
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June 15, 2019, 07:21:54 PM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
You have a point, we use cryptocurrency so we want to be anonymous because hiding Identity is for your own safety for anyone who want to steal your information. Im not giving my KYC to them unless they have big money that I need to withdraw and all of us can send because we cannot withdraw we do not but I prevent to play to the gambling site who needs to comply KYC. But for now cryptocurrency can be said to be not entirely anonymous because the application of KYC has become a major requirement for anything related money. The reason for skip KYC indeed is to remain anonymous and I will also avoid KYC at any gambling and each individual has his own point of view. Currently there are still many gambling sites without KYC and this will make every player have the freedom to choose.
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Oceat
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June 15, 2019, 08:12:41 PM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
You have a point, we use cryptocurrency so we want to be anonymous because hiding Identity is for your own safety for anyone who want to steal your information. Im not giving my KYC to them unless they have big money that I need to withdraw and all of us can send because we cannot withdraw we do not but I prevent to play to the gambling site who needs to comply KYC. But for now cryptocurrency can be said to be not entirely anonymous because the application of KYC has become a major requirement for anything related money. The reason for skip KYC indeed is to remain anonymous and I will also avoid KYC at any gambling and each individual has his own point of view. Currently there are still many gambling sites without KYC and this will make every player have the freedom to choose. Doing KYC is only for the website owner not to all of the players on that website. Besides, why would you guys have to skip KYC if you didn't do anything wrong? KYC is meant to know the customer to avoid the abuse in the future and it is one thing that the government requires to avoid any anomaly of money laundering.
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xSkylarx
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June 15, 2019, 11:30:20 PM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
People have being scammed in recent past in various cases and prefer not to give KYC to any third party or to whom who they do not know and thus they prefer to keep their privacy and not to disclose it which they can misuse it or not sure . Submitting a kyc just for a gambling site is really a big risk. You don't know the owner of that website and he might have intentions to sell those infos he will get on the black market. We all know there are some cybercrime going on over the internet so completing those kyc's might put our life in danger.
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aioc
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June 16, 2019, 02:20:41 AM |
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All these four reasons are valid, and I've read a lot of complaints about gambling site in the scam section about withdrawing and KYC , they do ask for KYC when you are withdrawing a large amount, so even if you are not into KYC but have won and will withdraw your winnings you have to undergo that procedure.
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maydna
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June 16, 2019, 02:22:46 AM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
People have being scammed in recent past in various cases and prefer not to give KYC to any third party or to whom who they do not know and thus they prefer to keep their privacy and not to disclose it which they can misuse it or not sure . Submitting a kyc just for a gambling site is really a big risk. You don't know the owner of that website and he might have intentions to sell those infos he will get on the black market. We all know there are some cybercrime going on over the internet so completing those kyc's might put our life in danger. We need to be careful if we want to do KYC because of that reason. I heard that we could easily to get full details of someone information on the black market and that makes me worry to KYC verification. We don't want to be the victim for any crime on the internet or in our real life because that document will have completed information for our life. We could do KYC if the website is really trusted and they are saving the document into safety place, and they can guarantee that no one will have access to the document but still, when we send the document via the internet, the chance to get hacked will wide openly. We don't know what will happen later with our document.
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virasog
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Activity: 3010
Merit: 1162
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June 16, 2019, 05:44:53 AM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
I will simply reject any gambling site which ask for KYC. There is no reason for the gambling site to collect our kyc. It will not in any way benefit the gambling site or the gamblers. Also giving kyc to every new gambling site can be dangerous as they can sell our kyc and personal information in black market. It's better to avoid giving our details everywhere and be selective on it.
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Betwrong
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I stand with Ukraine.
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June 16, 2019, 08:09:42 AM |
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because crypto players prefer cryptocurrency and it means privacy. KYC on the contrary reveals who you are and it's no good.
I will simply reject any gambling site which ask for KYC. There is no reason for the gambling site to collect our kyc. It will not in any way benefit the gambling site or the gamblers. Also giving kyc to every new gambling site can be dangerous as they can sell our kyc and personal information in black market. It's better to avoid giving our details everywhere and be selective on it. I agree with you. Some 'gambling" sites are created for this very purpose, collecting your personal data. I took the word gambling in quotes because they are never supposed to be gambling sites actually. They boast of very attractive bonuses, low house edge etc. luring gullible gamblers to register on their site providing the KYC information. If KYC was required for huge withdrawals, it would be understandable, but providing a new site with KYC just for registration is nonsense.
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TheUltraElite
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So anyway, I applied as a merit source :)
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June 16, 2019, 08:40:03 AM |
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All these four reasons are valid, and I've read a lot of complaints about gambling site in the scam section about withdrawing and KYC , they do ask for KYC when you are withdrawing a large amount, so even if you are not into KYC but have won and will withdraw your winnings you have to undergo that procedure.
KYC really goes against the concepts of anonymity and cryptocurrency. What we see as a accusation here for demanding KYC are not really a fault of the casino. This world is not just good people. There are criminals who attempt to bounce money from one wallet to another to help in keeping their traces clean and they often use these sites to deposit, play the money a bit and then attmept to withdraw it. These end up as a tainted source money in the house and they block the withdrawal. What we see in this forum is this user trying to blackmail the casino in giving their money back while that person was the actual tainted money depositor. These things happen in every casino and this has been explained in the TnC.
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thin
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June 16, 2019, 03:38:12 PM |
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If KYC was required for huge withdrawals, it would be understandable, but providing a new site with KYC just for registration is nonsense.
Should not be even for withdrawal, if deposited with no KYC. I see following logic: wanna safety and KYC - play with real money , deposit from a bank account, wanna anonymity first - pay with crypto, withdraw with crypto. Nobody know who you are and if you played or no.
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