Reasons Crypto Players Skip Casinos with KYC

[LogitechMouse]

~snip

Hi to all who viewed the original post, especially those who expressed their thoughts on KYC in online casinos.

Since the topic has been active here on Bitcointalk for quite some time now, I decided to create an infographic about it. And now in this updated post, you will see I already attached below the infographic for everyone's easy reading. Thank you!

Since Bitcoin and some crypto are created for anonymity, there is no reason for the crypto gambling sites to request for the KYC of the gambler. More hassle and a chance of using their personal information for bad purposes.

I agree with the 4th one. There are some countries that gambling has been restricted so gambling in crypto gambling sites is perfect for them.

[iyah adrian]

Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.

[boyptc]

What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.

This is the main reason that most of the gamblers have.

We tend to gamble and choose to do it through cryptocurrencies because we know that it doesn't require any information coming from us. There's no need to validate as long as we have balance in the accepted crypto, we can play as good as the traditional setting. But it's changing due to the foreseen KYC requirements.

[TheUltraElite]

Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.

Again you are thinking for your own perspective. We have a multitude of people who come to gamble at popular casinos. This ranges from average earners to criminals who want to use the site wallet as a intermediary wallet for their illegal transactions. This is also the reason why mixers and tumbler services are so rampant. They want to evade detection and thus attempt to bounce the transaction between these sites, play a bit there on low risk multipliers and then then withdraw it so they dont get detected.

Such cases are common and they need to be KYCed to be caught.

[hahay]

Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.

It is the most important and will always be considered, after all not all countries legalize gambling and some gamblers are in countries that prohibit gambling. In this case they are looking for other alternatives to gamble by playing at online gambling which of course will skip KYC.

[MadeinCoin]

Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.

It is the most important and will always be considered, after all not all countries legalize gambling and some gamblers are in countries that prohibit gambling. In this case they are looking for other alternatives to gamble by playing at online gambling which of course will skip KYC.

Well indeed, not all countries legalize gambling, even in my country, gambling is illegal. Those who are known to play gambling, they will be ostracized in their territory. Therefore gambling is really needed for the level of anonymity.

And sure enough, I don't think there is any point in any gambling platform making KYC rules to its users. Because gambling itself is a betting game, this is not a business and rarely is the government legalizing.

[onrise]

Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.

It is the most important and will always be considered, after all not all countries legalize gambling and some gamblers are in countries that prohibit gambling. In this case they are looking for other alternatives to gamble by playing at online gambling which of course will skip KYC.

People do not want to land in trouble by giving KYC and also if the casinos is newly opened or does not have that much trust then it can be another issue because not sure how your KYC details could be mis-utilized and

[dataispower]

I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

[yvesp110]

Of all the reasons mentioned on the first page of course it is all very true. What I want to emphasize again is that every player including me personally wants to play gambling without many people knowing it or can be said to be anonymous. That's the reason I want to emphasize why I don't want to do Kyc.

It is the most important and will always be considered, after all not all countries legalize gambling and some gamblers are in countries that prohibit gambling. In this case they are looking for other alternatives to gamble by playing at online gambling which of course will skip KYC.

People do not want to land in trouble by giving KYC and also if the casinos is newly opened or does not have that much trust then it can be another issue because not sure how your KYC details could be mis-utilized and

Well KYC is not something that will keep you under mask from the exchange. Exchange knows you and knows the person you transfer funds to in the form of Bitcoin or any other coin however crypto has been instrumental in giving people the freedom to gamble freely and due to this reason, there has been a surge in the number of gamblers lately. KYC is something that restrict their freedom of gambling.

[Spaffin]

Tell me please, what do you think are the safe moments behind the condition to provide KYC?  In most cases, many users provide their passport data on exchanges, on social networks, and why this causes resentment when it comes to online casinos.

[iyah adrian]

Tell me please, what do you think are the safe moments behind the condition to provide KYC?  In most cases, many users provide their passport data on exchanges, on social networks, and why this causes resentment when it comes to online casinos.

If it's for the exchange, it doesn't seem to be a problem. Because we usually give it to trade there and make big withdrawals. If not, of course there is no need to do KYC as well as exchange. And for social media, it seems that it has never done KYC and indeed there has never been a social media that is obliged to do KYC for each of its users. And for casinos, it would be very objectionable if you have to do it, because many people who want to play gambling are just for fun and want to keep their identity a secret.

[Dread Pirate Roberts]

I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

But we as users cannot also forbid the owner of the gambling website from doing that because basically KYC is to show the legality of the user.
and also prevent future problems such as the financial and security of the account itself. and also not all online casino with crypto requires KYC to start play or anything like that.  with certain restrictions. for me as long they dont ask credit card im still safe.

[omonuyak]

I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

But we as users cannot also forbid the owner of the gambling website from doing that because basically KYC is to show the legality of the user.
and also prevent future problems such as the financial and security of the account itself. and also not all online casino with crypto requires KYC to start play or anything like that.  with certain restrictions. for me as long they dont ask credit card im still safe.

I read an article online yesterday specifically, at https://coindesk.com and I started to understood that Kyc is not good for cryptocurrency related business. The digital cash should be seeing the way we used cash offline and the whole essence of having internet cash like bitcoin and other cryptocurrency is to do away third party for any transactions that happen and kyc is completely opposing that but taking us back to the banking ways of doing business which is too expensive. The legality of the person do not matter when we are doing cash gambling and that is the same way it should be with cryptocurrency gambling too.

[michellee]

I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

I think KYC makes people need to verify their identity. Meanwhile, the website does not prove to their customer about who they are, where they operate the site, and I think they do not become transparent to its customer. They have their customer data's, but the customer doesn't have their data's, but we cannot do anything. Fortunately, we have so many gambling websites which don't use KYC to their customer so we can join with them, and many of them are trusted gambling website.

[MonsterV]

I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

I think KYC makes people need to verify their identity. Meanwhile, the website does not prove to their customer about who they are, where they operate the site, and I think they do not become transparent to its customer. They have their customer data's, but the customer doesn't have their data's, but we cannot do anything. Fortunately, we have so many gambling websites which don't use KYC to their customer so we can join with them, and many of them are trusted gambling website.

Well right, that is very unfair. Such gambling sites are bad sites. And it sounds a little funny too if gambling sites have to do kyc, especially the developers are not transparent to users. If I meet a site like this, I will definitely say that the site is a prospective scammer.

[logicgate]

I don't really see the essence of doing KYC for online Casinos.  The infographic here is concise and cool, stating some obvious facts why personally I don't like the idea of KYC by some gambling sites. KYC complicates the whole idea of using crypto for online casinos.

I think KYC makes people need to verify their identity. Meanwhile, the website does not prove to their customer about who they are, where they operate the site, and I think they do not become transparent to its customer. They have their customer data's, but the customer doesn't have their data's, but we cannot do anything. Fortunately, we have so many gambling websites which don't use KYC to their customer so we can join with them, and many of them are trusted gambling website.

Well right, that is very unfair. Such gambling sites are bad sites. And it sounds a little funny too if gambling sites have to do kyc, especially the developers are not transparent to users. If I meet a site like this, I will definitely say that the site is a prospective scammer.

  No I think this is not funny because if a casino ask for our KYC then it could be the policy of that casino but it does not mean that there is any bad intention behind this. I know most of the time gamblers use to hide their identity for the sake of safety but I  think it is not bad if the casino sends direct payments to accounts.

[Maslate]

It is definitely a big hassle for every gambler and it takes time to do KYC. But then, isn't an urge for us to do KYC  if we don't like or have to skip it and find other gambling sites. The stand of being anonymous of all individual will be our concern but somehow we need to follow their rules, otherwise, we can't enjoy their site.

[Vaskiy]

Beyond the reasons mentioned in the Op I find a much important factor that keeps gamblers skip the KYC process is the fear of governments. Someday if governments request to submit the data of each and every user, our information gets revealed with the
amount wagered in total. Some foolish governments might also levy tax taking it as a proof of spending though most games lost.

[rommel_BCA]

Beyond the reasons mentioned in the Op I find a much important factor that keeps gamblers skip the KYC process is the fear of governments. Someday if governments request to submit the data of each and every user, our information gets revealed with the
amount wagered in total. Some foolish governments might also levy tax taking it as a proof of spending though most games lost.

Right! And with government's interference, there will be tax imposed upon the operator. The more tax is imposed, the more charges there will be on the players' transactions with the casino.

[Darker45]

While I agree that requiring KYC from Casino players are well-intentioned, I also agree that it is indeed a hassle and a risk at the same time. Why would I have to go through such all these long processes if there are options out there that won't require any of these? And do we have a 100% assurance that the personal data taken from us are kept safe? A little leak could easily expose our personal information for illegal exploitation.