Reasons Crypto Players Skip Casinos with KYC

[leonair]

Players that gambles their money through cryptocurrency are enjoying their anonymity before this KYC kicks in, but can't blame those well known crypto gambling sites though because they are just following the rules of their jurisdiction and they can't do nothing about it.

There are still gambling casinos that's operating without KYC but they will be soon targeted by authorities because we can't deny that money laundering in crypto world is widespread.

[Betwrong]

~
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.
~

Good point! I think if governments force some casinos to require KYC, the casinos can refuse to do that justifying their actions by words similar to what you said. Indeed they would look hypocritical asking players for their personal info, like you said. Also, I think it may have something to do with with violation of human rights and freedoms. Maybe this idea should be adopted by casinos' lawyers.

[jademaxsuy]

It is very simple and that is because in gambling one can involve in huge money like betting or winning profit like lottery or jackpots. Though this may not applicable to all that KYC is not for the safety of every gamblers but still it has also an advantage like having a platform that will not allow underage to gamble. Yet, there are already ways to do KYC but not get compromise by having a platform thatbwill let one to be an anonymous instead when betting.

[LogitechMouse]

We know that crypto isn't regulated by the government so if I'm the gambler, why would I give my personal information into a gambling site which is not regulated. They can do anything into my personal info because they have it.

I think this is the reason why gamblers who are using crypto skip casinos or gambling sites with KYC.

[thin]

We know that crypto isn't regulated by the government so if I'm the gambler, why would I give my personal information into a gambling site which is not regulated. They can do anything into my personal info because they have it.

I think this is the reason why gamblers who are using crypto skip casinos or gambling sites with KYC.

Gambling site could be also regulated. Of course regulated site is much more safe in terms of potential fraud, but in return it may ask your KYC , depending on the law of the registration country. But I agree that better take some risk and keep anonymity, if you play with crypto

[JohnBitCo]

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?

I think it is time that we simply boycott the casino which ask for kyc. The casino has no rights to get our private information. We never know they may sell this user data to any firm or marketing company etc.

Do we know who are the owners of the gambling sites ? Do they provide their KYC ?  Why they need the players to do the kyc ?  A lots of unanswered question by the casino and houses.

[Best Dreams]

We know that crypto isn't regulated by the government so if I'm the gambler, why would I give my personal information into a gambling site which is not regulated. They can do anything into my personal info because they have it.

I think this is the reason why gamblers who are using crypto skip casinos or gambling sites with KYC.

Gambling site could be also regulated. Of course regulated site is much more safe in terms of potential fraud, but in return it may ask your KYC , depending on the law of the registration country. But I agree that better take some risk and keep anonymity, if you play with crypto

Right we know crypto currency is anonymous so it is not good to share about it with others as we know sharing our knowledge with anyone is not good at all. so if you are gambling with a casino you will have to share your identity with the serving organization, which is harmful for your investment, so that’s why I think it is not good to keep it in anonymity.

[RivAngE]

I think it is time that we simply boycott the casino which ask for kyc. The casino has no rights to get our private information. We never know they may sell this user data to any firm or marketing company etc.

Do we know who are the owners of the gambling sites ? Do they provide their KYC ?  Why they need the players to do the kyc ?  A lots of unanswered question by the casino and houses.

With mostly newbies taking part in gambling services which require KYC, I'm sure a boycott isn't possible!
Informed players go to the long standing sites that have been proven legit and won't require KYC.

[xSkylarx]

I think it is time that we simply boycott the casino which ask for kyc. The casino has no rights to get our private information. We never know they may sell this user data to any firm or marketing company etc.

Do we know who are the owners of the gambling sites ? Do they provide their KYC ?  Why they need the players to do the kyc ?  A lots of unanswered question by the casino and houses.

With mostly newbies taking part in gambling services which require KYC, I'm sure a boycott isn't possible!
Informed players go to the long standing sites that have been proven legit and won't require KYC.

It's even suspicious if a gambling site requires kyc. A real casino doesn't even require it. As long as you have the money to play, you are welcome to gamble. And I'm sure that a gambling business that needs kyc to its players won't last long.

[Radi777]

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.

I totally agree with this statement. No one can be certain that private data won't get hacked, considering many more hackers target crypto related things than regular businesses... I don't feel confident trusting a gambling site with private information. There are many awesome gambling sites that don't have KYC, so why would I go to one that requires it?

[maydna]

I think it is time that we simply boycott the casino which ask for kyc. The casino has no rights to get our private information. We never know they may sell this user data to any firm or marketing company etc.

Do we know who are the owners of the gambling sites ? Do they provide their KYC ?  Why they need the players to do the kyc ?  A lots of unanswered question by the casino and houses.

With mostly newbies taking part in gambling services which require KYC, I'm sure a boycott isn't possible!
Informed players go to the long standing sites that have been proven legit and won't require KYC.

It's even suspicious if a gambling site requires kyc. A real casino doesn't even require it. As long as you have the money to play, you are welcome to gamble. And I'm sure that a gambling business that needs kyc to its players won't last long.

I think they have their reason why they require KYC to their customer, but that will not attract many gamblers to come to their site. A crypto gambler will stay away from the gambling site, which needs KYC because they use cryptocurrency, which means they can hide their identity from all things. Besides that, I think they want just to enjoy the games without anybody knows what they do so then they can having fun in the gambling games. The important thing is we have money to play, and we can stay at the gambling site to play any games, we can enjoy and having fun.

[seleme]

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.

I totally agree with this statement. No one can be certain that private data won't get hacked, considering many more hackers target crypto related things than regular businesses... I don't feel confident trusting a gambling site with private information. There are many awesome gambling sites that don't have KYC, so why would I go to one that requires it?

Under these circumstances, decentralized betting deal gambling platforms will cover the mentioned needs. Otherwise, after reaching defined turnover the casino administration will ask about the personal documents. The risk of losing funds will force gambler to send the documents and be a verified customer.

[rachman mahesa]

I think it is time that we simply boycott the casino which ask for kyc. The casino has no rights to get our private information. We never know they may sell this user data to any firm or marketing company etc.

Do we know who are the owners of the gambling sites ? Do they provide their KYC ?  Why they need the players to do the kyc ?  A lots of unanswered question by the casino and houses.

With mostly newbies taking part in gambling services which require KYC, I'm sure a boycott isn't possible!
Informed players go to the long standing sites that have been proven legit and won't require KYC.

It's even suspicious if a gambling site requires kyc. A real casino doesn't even require it. As long as you have the money to play, you are welcome to gamble. And I'm sure that a gambling business that needs kyc to its players won't last long.

That's right, as long as we have the money to play, of course we will continue to play in the gambling site. However, KYC is not needed in gambling. The important thing is that we always have money, of course the gambling site will always be happy. Never play on gambling sites that require KYC

[DarkDays]

Well, the fact is the great majority of Bitcoin casinos are founded and/or maintained by an anonymous team.

Personally, I will not hand over my personal information unless I know explicitly who is using it, and for what purposes. You never know if your ID is going to end up being sold on the darknet.

Thankfully, most reputable dice sites and sportsbooks don't require KYC, since I don't believe pure crypto trading platforms are mandated to comply with KYC regulations anyway.

[DoublerHunter]

~snip~
Thankfully, most reputable dice sites and sportsbooks don't require KYC, since I don't believe pure crypto trading platforms are mandated to comply with KYC regulations anyway.

^ Completely right and most of that gambling platform are here in the forum having ads. I also don't want to share KYC in some online casino that related crypto because aside from the risk is also good for the gambling industry that related crypto will maintain anonymously. However, the main reason is gamblers always wanted to hide their identity because no one maybe shouted that you are a gambler most especially if it is prohibited in your religion and the family as well.

[XCANA]

Ignorantly, in 2017 i registered myself on one of these online casino and after my winning they requested me to verified my account before withdraw which i did just to get the funds out of their platform but at the end, it became a total scam of KYC. Since that event, i check the platform before proceeding to gamble. 

[JohnBitCo]

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.

It is the responsibility of the parents to advise their children not to play gambling. Gambling sites just cannot implement Kyc only to deny the under- age people access the gambling sites.
People need to remain anonymous while playing gambling and kyc is just not right thing for the gamblers.

[roosbit]

Lets me quote the 4 reasons in this thread:

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

,-snip-

Thanks for the quote bitinity.

But besides these reasons I know for a fact that most of these don't have a good reputable regulator, which makes no sense to pass this burden on its customers so better off running with no KYC because if there is a breach who do you run too....and as I have read different problems with KYC winning big with some of these sites attracts scrutiny from these guys which makes withdraw complicated and in some cases never cashing out.

[Betwrong]

~
It is the responsibility of the parents to advise their children not to play gambling. Gambling sites just cannot implement Kyc only to deny the under- age people access the gambling sites.
People need to remain anonymous while playing gambling and kyc is just not right thing for the gamblers.

Also, kids these days know well how to circumvent these restrictions, so they are pointless in most cases. I agree that it's the responsibility of parents (and also, maybe, teachers in schools, coaches in clubs and psychologists) to provide under-age persons with information that can prevent them from being engaged in gambling. Gambling, like sex and alcohol, is not for children, but simply forbidding it never works, so KYC will do little in that regard.

[nikola22]

if players wanted to make a KYC they would use the traditional online casino. if they choose bitcoin casino it means they don't want to make KYC and prefer to be anonymous.