Reasons Crypto Players Skip Casinos with KYC

[peter0425]

Those gamblers doesn't have an advantage when the do KYC but the owner of the site does have. What if they will use your personal information in bad things like selling it. You can do KYC only if the site requires it and most of the times, they always state in the TOS when you need to do KYC.

Honestly, I doubt if the owner of the gambling site will sell your personal data for additional income. The income from such a sale is tiny, compared to the commission that the gambler will give him simply by spinning slots in his casino. A bad reputation in exchange for a couple of bucks is a worthless bargain.

Yes they can harm your personal data id you will share your KYC with them

In here you already mentioned that giving KYC can harm our personal data’s

that why most of gamblers don't share their KYC. But I think there is no issue to share your KYC I don't think that any web site would do this illegal act. When I saw any good casino that give me good offers so I never reject

But here you’re pointing that there’s no issue in doing such..

Are you sure that you understand what you are saying here?or this is just a nonsense post?its your word against own word..

Still for me there’s no reason why need to Give KYC because we are here anonymously and I will let that stay same way

[ethereumhunter]

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.

You have just spoken my mind. It should be investors who are suppose to ask for KYC and not the gamblers because, we all know that the government of every individuals have a reserve tolerance for gamblers which some have a penalty if caught in the act or if reveal through the process of doing KYC. More reasons why I jumped online casinos with KYC is because of my government restrictions on gambling, am afraid of my data be sold out.

That's for sure, online gambling using crypto is an alternative for those of us who want to remain anonymous because a government regulation in each country is different about gambling. So, it seems impossible for the gambling industry to implement KYC as a whole, because every player has their own privacy which of course the developer will not take the risk for online gamblers.

I understand your point guys and I want you to understand that I don't support the KYC aspect of casinos but we also can't blame casinos which implemented the KYC system because of some crypto anonymity abuser are the causes of it. I mean crypto theft creating an account on casino deposit fund which was stolen and later withdraw it to another address in other to cover their track.

I don't support a casino which applies the KYC, and I prefer to stay away from them. I feel that it is not right to give my personal identity to them because they can use it for many things. Besides that, once we send any document to them or to any third party which we don't know how good they are, the chance to get spread in the dark market will wide open. We cannot do anything if our document has been for illegal thing and we could only wait for what will happen later.

[robelneo]

I'm ok doing KYC to a legit gambling site because they are more compliant, there are gambling sites that do not implement KYC, but if you've won a big amount, they will likely ask you for KYC because of the AMC thing and they do not want to violate the rules of the country where they operate.

[exbet.io]

I'm ok doing KYC to a legit gambling site because they are more compliant, there are gambling sites that do not implement KYC, but if you've won a big amount, they will likely ask you for KYC because of the AMC thing and they do not want to violate the rules of the country where they operate.

Yeh, operators really *need* to do AML and that should be welcomed.
Then you can have a conversation about how the process is defined in detail (e.g. at what amounts should it kick in, what counts as "suspicious"). But obviously not having AML processes, and thereby violating the regulations of a jurisdiction, is not a legit move.

[rachman mahesa]

I'm ok doing KYC to a legit gambling site because they are more compliant, there are gambling sites that do not implement KYC, but if you've won a big amount, they will likely ask you for KYC because of the AMC thing and they do not want to violate the rules of the country where they operate.

Some people do not mind doing KYC on gambling sites. And there are those who really don't want to do it. As long as you only play a small amount of games, I think it's legitimate and if it is required, then do it if you feel it's necessary.

[Botnake]

It is correct that it is the reason why crypto players skip casinos that has KYC implemented in it. If they are in a country where it is not legalized gambling then they can't play in that site. If the site is compromised then their personal data might be compromised or get stolen.

There's an easy way for the sites to block people who like to gamble using the IP block.

In fiat sportsbook, my IP is block when I tried to access the site, but with crypto sportsbook, I am very much welcome and I have played in more than 5 sportsbook in the space without facing any problem, and they don't have KYC also that's why I like it. So when a site requires KYC, they look like a fiat gambling site which for me won't attract gamblers in the space.

[witcher_sense]

Yes they can harm your personal data id you will share your KYC with them that why most of gamblers don't share their KYC. But I think there is no issue to share your KYC I don't think that any web site would do this illegal act. When I saw any good casino that give me good offers so I never reject

It seems that you are responding to me, but I did not claim that the owners of a gambling site can harm customers in this way. I did not understand your point of view at all, what I see is a contradiction to your own judgment. Interesting offers from casino owners help to increase your interest in the game so that you continue to gamble. This has nothing to do with the sale / purchase of your personal data, the income from "legal actions" will be much higher in any case.

[Best Dreams]

Yes they can harm your personal data id you will share your KYC with them that why most of gamblers don't share their KYC. But I think there is no issue to share your KYC I don't think that any web site would do this illegal act. When I saw any good casino that give me good offers so I never reject

It seems that you are responding to me, but I did not claim that the owners of a gambling site can harm customers in this way. I did not understand your point of view at all, what I see is a contradiction to your own judgment. Interesting offers from casino owners help to increase your interest in the game so that you continue to gamble. This has nothing to do with the sale / purchase of your personal data, the income from "legal actions" will be much higher in any case.

Well before this I have never seen any gambling website reviling the information of the users i think all websites are safe but if a gamblers don’t wants to share there information then the website should not ask them to share, there are allot of sites who don’t ask for KYC so these people can use them.

[hayleewilson]

But those sites that don't require KYC are usually unlicensed, making them illegal business offering games of chance.

[Saisher]

But those sites that don't require KYC are usually unlicensed, making them illegal business offering games of chance.

It's always been your choice, if you are a high roller and bet a huge amount of money you have to take the risk of going for a gambling site which asks you to undergo KYC because they are licensed and compliant, if you only bet a small amount it's ok to go for unlicensed gambling sites without the need to do KYC.

[boyptc]

But those sites that don't require KYC are usually unlicensed, making them illegal business offering games of chance.

You are wrong on that bud.

There are casinos that don't really require KYC but are licensed.

[traderethereum]

But those sites that don't require KYC are usually unlicensed, making them illegal business offering games of chance.

It's always been your choice, if you are a high roller and bet a huge amount of money you have to take the risk of going for a gambling site which asks you to undergo KYC because they are licensed and compliant, if you only bet a small amount it's ok to go for unlicensed gambling sites without the need to do KYC.

It is better to choose the gambling site, which doesn't have KYC because we don't have to worry about the wrong thing that can happen.
But I think the gambling website is licensed, but that depends on the site itself.
If they can have a license, then I think that will give a good reputation to them as it will make them legit among the other especially if they can give more to their members.
It is better to bet a small amount, and that can prevent us from losing much money because we don't want to see more losses in a day.
We need to decide to choose what gambling website which is suit to us.
And if we are fine with the KYC, then we don't have to worry about sending the document to the website.
The only matter we are skipping the KYC process on any website is about we heard the news that the personal information had been sold in the dark market.

[boyptc]

It is better to choose the gambling site, which doesn't have KYC because we don't have to worry about the wrong thing that can happen.
But I think the gambling website is licensed, but that depends on the site itself.

Known websites that don't apply KYC are licensed and you can verify it first by asking the community. Telling that a casino that doesn't apply KYC is not licensed is vague. Some maybe because they are new and it also affects the established ones that have been operating for a long time.

You are right, just choose the one properly, has a name, has a reputation and support you can ask for any help and verification of your questions.

[noormcs5]

It is correct that it is the reason why crypto players skip casinos that has KYC implemented in it. If they are in a country where it is not legalized gambling then they can't play in that site. If the site is compromised then their personal data might be compromised or get stolen.

Most of the gamblers are playing gambling illegal as it is either not considered good in their family/friends or it is prohibited in their country. But the online gambling has given easy way to bypass all these restrictions and play gambling anonymously.  But now few of the sites have made KYC compulsory, this has lead to uneasiness among those gamblers who do not want to disclose their identity and remain hidden.

[Renampun]

snip~

my reason only data security and complicated,
I don't gamble too often, so I don't feel I need a casino site that needs KYC,
there are now many good casino sites that don't require KYC,
so, don't mind the casino that requires KYC.

[Pearls Before Swine]

We are slowly moving away from the wild west days of cryptocurrency and I, for one, mourn its passing.  It isn't only casinos that are requiring KYC procedures.  Nearly every bitcoin based business is now starting to do it with the exception of some merchants selling gray market goods.  Most of the exchanges you used to be able to trade anonymously on are now asking for your docs.  I find it sad, actually.

I can see why online casinos are doing this, because if they're legitimate ones they have to be regulated by some government agency.  Of course I'm not familiar with foreign laws regarding online gambling, I would imagine that the casinos are not doing this by choice.  They would likely love to not have to bother keeping those sorts of records.

If they can have a license, then I think that will give a good reputation to them as it will make them legit among the other especially if they can give more to their members.

Sure, and if there's a licensing agency involved then no doubt that agency is who's requiring the KYC docs.  It's within the realm of possibility that unscrupulous casinos might want your data to sell to marketers or even worse, dark web operators, but I don't think the majority of them do.

[boyptc]

my reason only data security and complicated,
I don't gamble too often, so I don't feel I need a casino site that needs KYC,
there are now many good casino sites that don't require KYC,
so, don't mind the casino that requires KYC.

There are incidents that a non KYC casino would require you to pass it when you are about to withdraw. If they suspect you base on the history of your activity within their casino, they have the rights to do it.

[michellee]

snip~

my reason only data security and complicated,
I don't gamble too often, so I don't feel I need a casino site that needs KYC,
there are now many good casino sites that don't require KYC,
so, don't mind the casino that requires KYC.

I am sure that is the reason for the most gambler who doesn't play gambling too often. They will prefer to choose the gambling website, which doesn't require KYC because they don't think that it will be safe for them to give the personal document. I don't like to verify myself just to playing gambling, and I don't see any reason for me to do that thing because I only want to get fun in the gambling games.

[Vaculin]

I am sure that is the reason for the most gambler who doesn't play gambling too often. They will prefer to choose the gambling website, which doesn't require KYC because they don't think that it will be safe for them to give the personal document. I don't like to verify myself just to playing gambling, and I don't see any reason for me to do that thing because I only want to get fun in the gambling games.

That's it, and gambling sites do understands that, even exchange like Binance which is one of the most popular exchange in the space is not so strict with KYC.

They allow traders to use their platform without KYC up to a certain limit or condition, because they see the possibility that they would loss clients if they will be very strict, same with gambling site of course, less complicated will give more comfort to gamblers and they will choose a gambling sites that gives them that comfort, people does not care much about the license of the gambling operators, they cares more on the reputation.

[Naida_BR]

my reason only data security and complicated,
I don't gamble too often, so I don't feel I need a casino site that needs KYC,
there are now many good casino sites that don't require KYC,
so, don't mind the casino that requires KYC.

There are incidents that a non KYC casino would require you to pass it when you are about to withdraw. If they suspect you base on the history of your activity within their casino, they have the rights to do it.

I usually try to avoid KYC casinos, but there are sometimes require to have a process like this one.
There are a lot of people who abuse faucets and rewards which is a loss for the casino, so there should be some measurement that can eliminate those abuses.