Reasons Crypto Players Skip Casinos with KYC

[omonuyak]

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.

KYC is against "nobody know who you are" and that is why those that desired hiding identity are against it. I do believe that kyc is not bad and I don't see that anonymous will help much as bad players will hide under that to commit evils and will escape because nobody know their identities.

[Betwrong]

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.

KYC is against "nobody know who you are" and that is why those that desired hiding identity are against it. I do believe that kyc is not bad and I don't see that anonymous will help much as bad players will hide under that to commit evils and will escape because nobody know their identities.

If you provide a reputable gambling site with KYC it doesn't mean they will immediately start sending out your personal info to all the authorities in the world. Basically you remain anonymous to the rest of the world except for the site, and it's not in their interests to treat their customers badly. Requiring KYC for big withdrawals can protect the users from situations when their account was hacked and all their money stolen. If it's your account and your money, you have no reason to rush it and you can be doing it one small part at a time to avoid providing KYC. In many cases it's the thieves who want to withdraw all at ones.

[rachman mahesa]

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.

KYC is against "nobody know who you are" and that is why those that desired hiding identity are against it. I do believe that kyc is not bad and I don't see that anonymous will help much as bad players will hide under that to commit evils and will escape because nobody know their identities.

If you provide a reputable gambling site with KYC it doesn't mean they will immediately start sending out your personal info to all the authorities in the world. Basically you remain anonymous to the rest of the world except for the site, and it's not in their interests to treat their customers badly. Requiring KYC for big withdrawals can protect the users from situations when their account was hacked and all their money stolen. If it's your account and your money, you have no reason to rush it and you can be doing it one small part at a time to avoid providing KYC. In many cases it's the thieves who want to withdraw all at ones.

If we have little funds, is it obligatory to do KYC. Of some people including me, gambling is not looking for income but for pleasure. Automatically I do not have large funds. Do I have to do the kyc as well? Because I don't want to do kyc with just a small game.

[ruthwithers1980]

If you provide a reputable gambling site with KYC it doesn't mean they will immediately start sending out your personal info to all the authorities in the world. Basically you remain anonymous to the rest of the world except for the site, and it's not in their interests to treat their customers badly. Requiring KYC for big withdrawals can protect the users from situations when their account was hacked and all their money stolen. If it's your account and your money, you have no reason to rush it and you can be doing it one small part at a time to avoid providing KYC. In many cases it's the thieves who want to withdraw all at ones.

And what happens when the casino closes or goes bankrupt? It's possible for the team behind the brand to sell their player database. And trust me. I happen to have received already a message from someone on LI saying he's selling a database of player information.

[xSkylarx]

If you provide a reputable gambling site with KYC it doesn't mean they will immediately start sending out your personal info to all the authorities in the world. Basically you remain anonymous to the rest of the world except for the site, and it's not in their interests to treat their customers badly. Requiring KYC for big withdrawals can protect the users from situations when their account was hacked and all their money stolen. If it's your account and your money, you have no reason to rush it and you can be doing it one small part at a time to avoid providing KYC. In many cases it's the thieves who want to withdraw all at ones.

And what happens when the casino closes or goes bankrupt? It's possible for the team behind the brand to sell their player database. And trust me. I happen to have received already a message from someone on LI saying he's selling a database of player information.

Then those people will just know they become a victim of identity theft. They already have chargers for something they haven't done. Worst is they'll receive threats that put their life and even their family in danger. If it won't benefit you then I suggest not submitting kyc. Just find another website where it doesn't require kyc.

[ethereumhunter]

If you provide a reputable gambling site with KYC it doesn't mean they will immediately start sending out your personal info to all the authorities in the world. Basically you remain anonymous to the rest of the world except for the site, and it's not in their interests to treat their customers badly. Requiring KYC for big withdrawals can protect the users from situations when their account was hacked and all their money stolen. If it's your account and your money, you have no reason to rush it and you can be doing it one small part at a time to avoid providing KYC. In many cases it's the thieves who want to withdraw all at ones.

And what happens when the casino closes or goes bankrupt? It's possible for the team behind the brand to sell their player database. And trust me. I happen to have received already a message from someone on LI saying he's selling a database of player information.

That could happen if they need money. They can sell the player database to another gambling site or another third people who want to buy the customer data. We never know what will happen later with the data, and that is why we need to protect our data and don't give to the wrong website or party. That is why I always tell my friends who want to play gambling to search the gambling website, which is not needed KYC verification because the data is too important for us.

[Betwrong]

If you provide a reputable gambling site with KYC it doesn't mean they will immediately start sending out your personal info to all the authorities in the world. Basically you remain anonymous to the rest of the world except for the site, and it's not in their interests to treat their customers badly. Requiring KYC for big withdrawals can protect the users from situations when their account was hacked and all their money stolen. If it's your account and your money, you have no reason to rush it and you can be doing it one small part at a time to avoid providing KYC. In many cases it's the thieves who want to withdraw all at ones.

And what happens when the casino closes or goes bankrupt? It's possible for the team behind the brand to sell their player database. And trust me. I happen to have received already a message from someone on LI saying he's selling a database of player information.

It's possible but very unlikely. Most people are law-abiding, and I believe such actions are against the law. But of course I'm talking about team of a reputable gambling site. A new site can be created by scammers for this very purpose, collecting people's personal info, and that's another question. We should always check whether a site is a newly appeared one or a n old one, and we must read reviews if it's the latter, and avoid providing our personal info to the former.

[Johnzky]

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.

KYC is against "nobody know who you are" and that is why those that desired hiding identity are against it. I do believe that kyc is not bad and I don't see that anonymous will help much as bad players will hide under that to commit evils and will escape because nobody know their identities.

KYC wasn’t bad at all,but the only problem is if this was being used for negative approach..some company that requires KYC has using the profile for personal benefits and this is what made the KYC system bad and being denied by many users
We must remember about our privacy that’s why we are all here now in crypto to enjoy our anonymity and private life

[TheUltraElite]

Then those people will just know they become a victim of identity theft. They already have chargers for something they haven't done. Worst is they'll receive threats that put their life and even their family in danger. If it won't benefit you then I suggest not submitting kyc. Just find another website where it doesn't require kyc.

Identify theft is rare now if the person who is giving the KYC is cunning enough and knows that forging documents can be done in the blink of an eye using some blackhat services and/or local groups in shantytowns that deal in such dirty work.

I am sure many criminals have tried offshoring money using the gambling site as a transit wallet, maybe playing with it a bit and then withdrawing it using a fake KYC document. These things cannot be stopped easily by anything unless the casino wants to lose customers. The best they can do and what is mostly done is no-kyc for anybody.

[Finestream]

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.

KYC is against "nobody know who you are" and that is why those that desired hiding identity are against it. I do believe that kyc is not bad and I don't see that anonymous will help much as bad players will hide under that to commit evils and will escape because nobody know their identities.

KYC wasn’t bad at all,but the only problem is if this was being used for negative approach..some company that requires KYC has using the profile for personal benefits and this is what made the KYC system bad and being denied by many users
We must remember about our privacy that’s why we are all here now in crypto to enjoy our anonymity and private life

I agree on you.KYC system is not really a negative idea because it's only there for the security measures between the gambler and the gambling site.What makes it sounds bad is we gamblers are not 100% sure if our personal identities are really kept private and are not abused by the gambling site.

[Questat]

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.

I think it's understandable why people use crypto to gamble, one main reason is to enjoy with freedom of anonymity, so if there's KYC required that site would not have a good market in the space. There's a big competition here, and we have a lot of option where to gamble and I'm pretty confident that majority will patronize a site that has no KYC requirements.

[guoyu78]

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.

I think online punters that enjoy playing at casinos that do not require KYC regulations enjoy risking their money because realistically most casino sites that do these are not fully licensed . I think online gamblers should never gamble on such site for whatever reason they think, either because they just enjoy their privacy or whatever but it is only temporal and in no time such sites would fold up leaving the players devastated.

I believe there are pretty strict codes of practice which every casino industry must adhere to before they can become licensed and one of it is the implementation of KYC. It’s better to fill KYC, play legally and at the same time sure of site protection.

[shield132]

There are some casinos which legitimately request KYC and people accept it. I'll ask you one good question to answer yourself: Will you show your ID to random person which meets in you street? Of course no, but will you show your ID to a person that works in Bank and needs it for you? Of course yes. That's all. There are a lot of casinos and most of them are like random persons in street and there are some ones that are like official people in banks and etc. That's the whole idea and answer of this question.

[TopT3ns]

There are some casinos which legitimately request KYC and people accept it. I'll ask you one good question to answer yourself: Will you show your ID to random person which meets in you street? Of course no, but will you show your ID to a person that works in Bank and needs it for you? Of course yes. That's all. There are a lot of casinos and most of them are like random persons in street and there are some ones that are like official people in banks and etc. That's the whole idea and answer of this question.

In other side, maybe gambling is something that breaking the law in some countries. That is why people move to crypto because they can play casino and don't need to reveal their identity. If me personally it will be works if that official people in bank and etc is something that not break the law. But maybe gambling is different story.

[seleme]

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.

This is not even a case in real traditional casinos. If I told something like this to the casino manager 5 years ago, he would laugh to my words. Crypto casino gives us freedom but freedom has a price. For decentralized gambling sites where bets are matched against each other your opinion matters but it is naive to expect from centralised gambling sites.

[Kasabus]

There are some casinos which legitimately request KYC and people accept it. I'll ask you one good question to answer yourself: Will you show your ID to random person which meets in you street? Of course no, but will you show your ID to a person that works in Bank and needs it for you? Of course yes. That's all. There are a lot of casinos and most of them are like random persons in street and there are some ones that are like official people in banks and etc. That's the whole idea and answer of this question.

In other side, maybe gambling is something that breaking the law in some countries. That is why people move to crypto because they can play casino and don't need to reveal their identity. If me personally it will be works if that official people in bank and etc is something that not break the law. But maybe gambling is different story.

Now, it will be difficult if all gambling sites will require KYC for their withdrawals. In this case, will gamblers used another person to submit KYC especially for those ages below 18. This is why gamblers choose crypto gambling but it turns a big change right now when they started to KYC for every player before they can withdraw their winning prize.

[Viscore]

There are some casinos which legitimately request KYC and people accept it. I'll ask you one good question to answer yourself: Will you show your ID to random person which meets in you street? Of course no, but will you show your ID to a person that works in Bank and needs it for you? Of course yes. That's all. There are a lot of casinos and most of them are like random persons in street and there are some ones that are like official people in banks and etc. That's the whole idea and answer of this question.

KYC is not really a problem.If its the rule so every gambler should abide in it. But the question is can they give a perfect assurance that our real identities won't be revealed even in the years to come. I doubt if they can perfectly do that so as much as possible,i still go with gambling sites that still not requiring KYC.

[Oceat]

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.

I think it's understandable why people use crypto to gamble, one main reason is to enjoy with freedom of anonymity, so if there's KYC required that site would not have a good market in the space. There's a big competition here, and we have a lot of option where to gamble and I'm pretty confident that majority will patronize a site that has no KYC requirements.

It is just up to users of what would they choose but think about all of the benefits of passing KYC vs no KYC and you will see the difference. No KYC means everyone can play on that site even kids can play as long as they have money to deposit but since cryptocurrency is anonymous then they can easily get access to any gambling sites they want.

[Patatas]

There are some casinos which legitimately request KYC and people accept it. I'll ask you one good question to answer yourself: Will you show your ID to random person which meets in you street? Of course no, but will you show your ID to a person that works in Bank and needs it for you? Of course yes. That's all. There are a lot of casinos and most of them are like random persons in street and there are some ones that are like official people in banks and etc. That's the whole idea and answer of this question.

KYC is not really a problem.If its the rule so every gambler should abide in it. But the question is can they give a perfect assurance that our real identities won't be revealed even in the years to come. I doubt if they can perfectly do that so as much as possible,i still go with gambling sites that still not requiring KYC.

It is a problem for the crypto world in general and not just crypto gambling. Why does anyone need to see what I look like and where I live when they don't consider revealing what' their team like and where they're located? They want to be safe from the governments but think it's okay to take player's data? That's hypocritical.

No player should be okay with the gambling sites asking for identities. Who knows what happens to your data? That sort of data is not needed for anything related to gambling in any case.

[tippytoes]

There are some casinos which legitimately request KYC and people accept it. I'll ask you one good question to answer yourself: Will you show your ID to random person which meets in you street? Of course no, but will you show your ID to a person that works in Bank and needs it for you? Of course yes. That's all. There are a lot of casinos and most of them are like random persons in street and there are some ones that are like official people in banks and etc. That's the whole idea and answer of this question.

KYC is not really a problem.If its the rule so every gambler should abide in it. But the question is can they give a perfect assurance that our real identities won't be revealed even in the years to come. I doubt if they can perfectly do that so as much as possible,i still go with gambling sites that still not requiring KYC.

It is a problem for the crypto world in general and not just crypto gambling. Why does anyone need to see what I look like and where I live when they don't consider revealing what' their team like and where they're located? They want to be safe from the governments but think it's okay to take player's data? That's hypocritical.

No player should be okay with the gambling sites asking for identities. Who knows what happens to your data? That sort of data is not needed for anything related to gambling in any case.

This is the most common issue of those players who don't want the KYC. The other end is seeing your private info but you can't see who's behind it. It all boils down to trust, I guess. And your preferences in gambling websites.. If you do not agree with their terms, don't play with them. Pretty simple, right?