Reasons Crypto Players Skip Casinos with KYC

[Chrystora123]

my personal reason why I would skip casinos that require KYC;
1. I'm afraid when I won a big jackpot, then terror threatens me
2. I'm afraid of being jailed if at one time the site turned out to be a platform involved in terrorist financing or money laundering.

Even big companies with huge security budgets get their data leaked.  There is a good chance that if you use any service with KYC that your personal information could be stolen and you could be a victim of identity fraud in the future.  Sometimes it is unavoidable though so try to use the most reputable services you can.

Facebook is an example where large companies with large security costs experience data leakage.

[Darker45]

The reason crypto players pass KYC in gambling may have been widely said or revealed at this site. Personally I don't want to do KYC just to play gambling. For me also personal identity is very important and I want to keep it a secret, unless I want to invest in a project. If it's just for fun, why should I do KYC.

To many of us, it could simply be a way to kill some time and probably waste some money. But since it could involve huge amounts, KYC has become a kind of necessity in casinos. Because, truth be told, casinos are actually a nice place to launder funds. I hate KYC myself. I think it is best for casinos to put a certain limit. It doesn't have to be everyone. They could set like $10,000 above who will undergo KYC process. Those who are playing with a hundred USD could do away with it. 

[Best Dreams]

You have pointed already all the concerns why people or we as well hates having this KYC thing in gambling actually not only in gambling but in the whole crypto world

But my biggest concern is the first thing you have mentioned and that is anonymity ,some says that we hate KyC because we are hiding something that so e don’t wanna reveal ourselves but for me instead not about hiding but it’s about security since most sites now are abusing their power and uses our personal details for something that will benefits what they need for those that’s why I am against this

Exactly, even licensed casinos now are doubtful. So the KYC they are required to carry now tends to be doubtful as well.

I will never get back from sharing my KYC because I know it is for my safety sometimes New gamblers get afraid when casino ask for KYC but they should be wise t know that KYC is for our safety if we will provide so in case of scanning or hacking we will take help from it. Now a day almost every casino will require KYC to gamble.

[tsaroz]

Hassle is the prime reason for most of crypto lovers. Crypto means fast and without restrictions. Crypto users love just creating a ID or not and start betting within minutes of visiting the site. They prefer one or possibly zero confirmations. They want instant withdrawal for their wining as they are not asked questions when they loose thousands of dollars, why would they be asked on wining?

[virasog]

You have pointed already all the concerns why people or we as well hates having this KYC thing in gambling actually not only in gambling but in the whole crypto world

But my biggest concern is the first thing you have mentioned and that is anonymity ,some says that we hate KyC because we are hiding something that so e don’t wanna reveal ourselves but for me instead not about hiding but it’s about security since most sites now are abusing their power and uses our personal details for something that will benefits what they need for those that’s why I am against this

Exactly, even licensed casinos now are doubtful. So the KYC they are required to carry now tends to be doubtful as well.

Many people have no issue with the kyc but still they hesitant to do KYC because they do not trust the system. Even the most reputed site may disclose the kyc data to the third party and this data can be used for illegal activities. Even if the site give grantee of our data, what about a situation if the site is hacked and all our data comes in the hands of the hacker ?

[ruthwithers1980]

You have pointed already all the concerns why people or we as well hates having this KYC thing in gambling actually not only in gambling but in the whole crypto world

But my biggest concern is the first thing you have mentioned and that is anonymity ,some says that we hate KyC because we are hiding something that so e don’t wanna reveal ourselves but for me instead not about hiding but it’s about security since most sites now are abusing their power and uses our personal details for something that will benefits what they need for those that’s why I am against this

Exactly, even licensed casinos now are doubtful. So the KYC they are required to carry now tends to be doubtful as well.

Many people have no issue with the kyc but still they hesitant to do KYC because they do not trust the system. Even the most reputed site may disclose the kyc data to the third party and this data can be used for illegal activities. Even if the site give grantee of our data, what about a situation if the site is hacked and all our data comes in the hands of the hacker ?

Licensed casinos that go bankrupt may actually just sell their player info database gathered through KYC for a huge price.

[fortunecrypto]

I think it should be country to country rules, so they accommodate gamblers who play in a apart of a country where they will have violation if they will do KYC, KYC has a good and bad sides, while it brings benefits to other players it will not do the same on other gamblers, there should be special regulations on some gamblers who cannot.

[Kasabus]

I think it should be country to country rules, so they accommodate gamblers who play in a apart of a country where they will have violation if they will do KYC, KYC has a good and bad sides, while it brings benefits to other players it will not do the same on other gamblers, there should be special regulations on some gamblers who cannot.

That depends on which country the online gambling sites operates, but they can always transfer and look for country where there's no strict regulation on crypto gambling sites, especially on those small countries, so they can also give us that chance to gamble without the need to comply KYC.

I think we know already that gamblers in crypto space would also want to gamble in sites that does not require KYC as the most popular sites here does not require KYC at all and irregardless of the amount, they know if they will require, they will loss a big portion of their clients.

[maydna]

Completing KYC in the offline casino will prevent the casino from the money laundering, and they can know from where their customer comes. The gambler transaction, including deposit and withdraw, will be clear from the illegal transaction because the casino knows where the money comes. They can report to the government that their customer is using their money to play, and it's not from the illegal transaction.

But that will be difficult to know if it's happening in the online gambling website because the gambler can use the money from money laundering. The gamblers can buy bitcoin in any exchanges or any sellers so then they can use bitcoin or altcoin to playing gambling.

[The Cryptovator]

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

[Ayiranorea]

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

Very few gambling websites work through VPN. These days majority of the gambling websites with cryptocurrency acceptance doesn't request for the KYC. In few sites there is limited access when you play without KYC and full access after fulfilling the KYC. Most of the gamblers prefer cryptocurrency usage on gambling to have their identity hidden from the outer world.

[Lanatsa]

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

This is why crypto gambling becoming more bigger as the years passed due to this feature.We love being anonymous and this is what being most preferred.
Why would choose up for KYC ones if majority for them doesn't require KYC? I barely see crypto gambling site ask out some documentations.If they are trying to block
some countries then they can easily block the ip,If players tends to bypass then its their fault if their account gets blocked since its part of the site terms.
Violation is a violation and for those who broke the rules shall have the consequence.

[rodel caling]

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

That is one of the secret of the crypto gambling to get success because player can play without hassle as anonymous to project their private personality.



This is why crypto gambling becoming more bigger as the years passed due to this feature.We love being anonymous and this is what being most preferred.
Why would choose up for KYC ones if majority for them doesn't require KYC? I barely see crypto gambling site ask out some documentations.If they are trying to block
some countries then they can easily block the ip,If players tends to bypass then its their fault if their account gets blocked since its part of the site terms.
Violation is a violation and for those who broke the rules shall have the consequence.
[/quote]



That's is right mate then choose site comfortable, but we need to accept time has  comes government forcing all crypto gambling to requried kyc of course the the goal is to collect taxes to be include in the crypto regulations.

[EdenHazard]

Main fact to avoid KYC in crypto games would be country restrictions. Because some countries doesn't support crypto games and users could not play directly without VPN. So gamblers couldn't submit KYC on that situation. Also no one will encourage to expose his identity just for play since there is so many gambling site those are not asking for KYC. Crypto it self is anonymous so obviously gamblers would like to saty anonymous.

This is why crypto gambling becoming more bigger as the years passed due to this feature.We love being anonymous and this is what being most preferred.
Why would choose up for KYC ones if majority for them doesn't require KYC? I barely see crypto gambling site ask out some documentations.If they are trying to block
some countries then they can easily block the ip,If players tends to bypass then its their fault if their account gets blocked since its part of the site terms.
Violation is a violation and for those who broke the rules shall have the consequence.

Couldn't agree more with you , the KYC shit procedure is against cryptocurrency nature that supposed to be as anonymous as possible .

Even though there's a lot of crypto gambling sites offering a real anonymous gaming experience... most of them lack of trust which makes them avoid to play there too.

However i have seen some cases that require players to provide their documents after a really huge winning , don't know what for and don't know if such rules is fair ?

[ethereumhunter]

Having hidden or anonymous identity from reality is good enough specially when it comes to ourselves. That's why these gamblers loved to play at their freedom of being visibly know personally. However, the purpose of KYC helped to determine legitimacy of each players but it isn't comfortable for the players at all times.

I don't think that the gamblers need legitimacy, especially if they only want to spend their time to play gambling. But for the truth, gamblers will always search the gambling places which don't have KYC so they can play gambling by hiding their identity. Maybe for people who have much money will cover their identity and don't like to see many people know who they are.

We can give our identity to something that really important, and it's related to our life. But for something that we only want to enjoy the fun, hm I don't think that will be necessary.

[kennen1113]

Having hidden or anonymous identity from reality is good enough specially when it comes to ourselves. That's why these gamblers loved to play at their freedom of being visibly know personally. However, the purpose of KYC helped to determine legitimacy of each players but it isn't comfortable for the players at all times.

I don't think that the gamblers need legitimacy, especially if they only want to spend their time to play gambling. But for the truth, gamblers will always search the gambling places which don't have KYC so they can play gambling by hiding their identity. Maybe for people who have much money will cover their identity and don't like to see many people know who they are.

We can give our identity to something that really important, and it's related to our life. But for something that we only want to enjoy the fun, hm I don't think that will be necessary.

In most countries, gambling is illegal, anyone can understand this problem and of course, those who want to gamble will not like to disclose information about them, it's just an openness and a challenge to the law, although some casinos really keep it a secret, but the risk that one day, the government infiltrated, people who just wanted to play happily became criminals, it was really unhappy. Besides, the identity here is not really important, the most important thing is that we have money to bet, wise casinos will understand and ignore KYC.

[hayleewilson]

Having hidden or anonymous identity from reality is good enough specially when it comes to ourselves. That's why these gamblers loved to play at their freedom of being visibly know personally. However, the purpose of KYC helped to determine legitimacy of each players but it isn't comfortable for the players at all times.

I don't think that the gamblers need legitimacy, especially if they only want to spend their time to play gambling. But for the truth, gamblers will always search the gambling places which don't have KYC so they can play gambling by hiding their identity. Maybe for people who have much money will cover their identity and don't like to see many people know who they are.

We can give our identity to something that really important, and it's related to our life. But for something that we only want to enjoy the fun, hm I don't think that will be necessary.

In most countries, gambling is illegal, anyone can understand this problem and of course, those who want to gamble will not like to disclose information about them, it's just an openness and a challenge to the law, although some casinos really keep it a secret, but the risk that one day, the government infiltrated, people who just wanted to play happily became criminals, it was really unhappy. Besides, the identity here is not really important, the most important thing is that we have money to bet, wise casinos will understand and ignore KYC.

Is that enough reason for casinos to operate illegally, that is by conducting "games of chance" businesses even without securing a license that necessitates the KYC process?

[ethereumhunter]

Having hidden or anonymous identity from reality is good enough specially when it comes to ourselves. That's why these gamblers loved to play at their freedom of being visibly know personally. However, the purpose of KYC helped to determine legitimacy of each players but it isn't comfortable for the players at all times.

I don't think that the gamblers need legitimacy, especially if they only want to spend their time to play gambling. But for the truth, gamblers will always search the gambling places which don't have KYC so they can play gambling by hiding their identity. Maybe for people who have much money will cover their identity and don't like to see many people know who they are.

We can give our identity to something that really important, and it's related to our life. But for something that we only want to enjoy the fun, hm I don't think that will be necessary.

In most countries, gambling is illegal, anyone can understand this problem and of course, those who want to gamble will not like to disclose information about them, it's just an openness and a challenge to the law, although some casinos really keep it a secret, but the risk that one day, the government infiltrated, people who just wanted to play happily became criminals, it was really unhappy. Besides, the identity here is not really important, the most important thing is that we have money to bet, wise casinos will understand and ignore KYC.

Gladly, we have cryptocurrency that can we use for gambling, and it is not limited to one country. We have crypto gambling website that will give us a pleasure to play gambling, and the best is we don't have to use fiat to bets. We only have to buy any coins and send it in to the gambling site so you can start playing gambling games. We can also avoid crypto gambling site which has KYC if we don't want to send any document for just playing gambling. We can have time to have fun in gambling games without thinking about anything because we only want to enjoy the time to play any games we want.

[rachman mahesa]

There are no advantages when doing KYC in the game. Everything went as usual, just a condition. Therefore many gambling players will not do it. Because gambling doesn't need KYC, it's different if we are investors.

[leea-1334]

I think your number one reason is the main thing why people associate those who want privacy with those who want to hide things.

Anonymity is not necessarily the reason we skip crypto casinos with KYC. I do not mind so much for people to know who I am, what I do mind is that they can keep my personal data, my photograph, my ID, etc,,, this is my privacy protection, not so much anonymity. Am I right?