harizen
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July 18, 2019, 06:43:43 PM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
Read every crypto gambling site's terms about KYC's. Mostly, it's required for suspicious winnings or red flags. Might be annoying as in the first place, our identity is important but if the said sportsbook site is kind of reputable, then the important is to get the winnings so just comply on it. But before anything else, don't what sportsbook you are referring to. Is this based on self-experience?
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Upgrade00
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Playgram - The Telegram Casino
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July 18, 2019, 08:28:34 PM |
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Regulation is becoming a huge part of cryptocurrency. The blockchain offers anonymity but governments desire control and hence out regulations in place. This also affects gambling sites which use cryptocurrency. To comply with constitutional laws they have to run KYC checks on some withdrawals (usually above a certain range)
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Oilacris
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July 18, 2019, 08:29:35 PM |
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There are A LOT of places that ask for KYC, I don't understand how people are reacting like there is no KYC asking in crypto casino world when there is a ton of them. The only difference compared to exchanges is that crypto casinos ask it after you win money and not while you are registering which is a lot worse than what exchanges do.
When you are on an exchange and they ask for your KYC they just simply ask for it during registering and you know if they want it or not and how much you can withdraw without your KYC, however if you happen to just play on a crypto casino and win a big amount they tend to ask you for your KYC when you want to withdraw that big amount, they are literally letting you lose without KYC but when you win they ask for it, that is really horrible and unfortunately true.
Sad reality which do really sucks! Where these casinos ask out KYC when there's big winning but this is only applicable into some non-reputable gambling sites.We do see that the top tier ones doesn't require any verification.If you win then you can completely withdraw without any hassles.
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Ucy
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July 18, 2019, 10:18:28 PM |
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Exactly. KYC renders the whole idea of Cryptocurrency ineffective. Most people would rather use their national currencies than use cryptocurrency and still go through KYC. Betting on physical casinos with physical currency is not even as invasive as cryptocurrency with KYC. I guess you should use decentralized gambling platforms...they are mostly KYC free.
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thin
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July 19, 2019, 04:45:41 AM |
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Exactly. KYC renders the whole idea of Cryptocurrency ineffective. Most people would rather use their national currencies than use cryptocurrency and still go through KYC. Betting on physical casinos with physical currency is not even as invasive as cryptocurrency with KYC. I guess you should use decentralized gambling platforms...they are mostly KYC free.
Just look at this from other side. If gambling platform requires KYC at least in some cases and operates normally, means that enough customers are not afraid to pass verification. Others can chose decentralized platforms
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MonsterV
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July 19, 2019, 05:54:03 AM |
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Most of the gambling sites that operates in crypto don't ask for KYC by default.There are certain rules that those crypto operating casinos put in place if a really big amount of money is won and you want to withdraw it directly at once.If you withdraw it like the maximum defined amount without KYC daily then you don't need to worry about it.
Yes, I think the rules on gambling sites are almost the same as the exchange rules where there is a limit to the amount of money withdrawn to do the Kyc. But so far I have rarely seen gambling sites that require customers to do kyc, but if there is a site like that that is clear I will not join the site. I think Kyc is only intended for investors not gamblers.
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virasog
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Leading Crypto Sports Betting & Casino Platform
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July 19, 2019, 05:56:58 AM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
The KYC should be implemented or should not be implemented. There should not be a case where you won big amount and the site start demand for kyc to withdraw a big amount. Such types of kyc are made mandatory just to avoid withdrawing the big amount of money out of casino.
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Spaffin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 19, 2019, 05:15:09 PM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
The KYC should be implemented or should not be implemented. There should not be a case where you won big amount and the site start demand for kyc to withdraw a big amount. Such types of kyc are made mandatory just to avoid withdrawing the big amount of money out of casino. In most cases, even trade exchanges place conditions on users to provide passport data in the first place precisely when the user wants to withdraw a sufficiently large amount of funds. Gambling books should be guided in the same way, because not all gamblers deal with big wins.
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angel55
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 19, 2019, 05:40:30 PM |
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The exchanges and casinos are often left without a choice when government regulations come down on them and they are forced to get your personal information or they will have to close up shop for good.
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joshy23
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July 19, 2019, 05:42:24 PM |
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Exactly. KYC renders the whole idea of Cryptocurrency ineffective. Most people would rather use their national currencies than use cryptocurrency and still go through KYC. Betting on physical casinos with physical currency is not even as invasive as cryptocurrency with KYC. I guess you should use decentralized gambling platforms...they are mostly KYC free.
Just look at this from other side. If gambling platform requires KYC at least in some cases and operates normally, means that enough customers are not afraid to pass verification. Others can chose decentralized platforms Looking to that sides can bring confidence to your betting activities while others will still wanted to keep their identity being secured, there's options where you can play with gambling sites who didn't need any KYC same with others replied best to read the house rules and check first the gambling house to play on read every information to make sure they are not going to ask you after.
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logicgate
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 19, 2019, 05:50:02 PM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
The KYC should be implemented or should not be implemented. There should not be a case where you won big amount and the site start demand for kyc to withdraw a big amount. Such types of kyc are made mandatory just to avoid withdrawing the big amount of money out of casino. It is very important to show your strategies and to make plan for anything you wanted to do in you gambling. KYC is good because it helps us to get away from so many bad effects of scammers and thieves so it is for our own safety because it makes us secure KYC is actually demanded in every investing site.
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davis196
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 20, 2019, 05:45:27 AM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
What do you mean about this "$5 hammer"?I don't get it. If you want to keep your bitcoins safe,just gamble on the fiat sports books websites.I mean duh, ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Why do so many people want to gamble on crypto sports books/casinos?I guess it's because of the false sense of anonymity.You can't be 100% anonymous anywhere.Even on crypto gambling websites that don't have KYC.
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fortunecrypto
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July 20, 2019, 06:16:05 AM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
Most of the gambling sites I'm playing are not asking for KYC so far, they will only ask it if you won a big amount, which is not an issue as they only want a verification majority of gambling sites are doing that, you cannot ask them to go back to fiat, in fact, we should be happy that so many gambling sites are now into cryptocurrency.
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Pmalek
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July 20, 2019, 06:29:36 AM |
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You shouldn't be gambling at a bitcoin casino you don't trust or whose reputation is a bit shaky. Stick to the well known names. KYC might become a requirement sometimes in the future but at least you are going through KYC at a reputable site.
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virasog
Legendary
Online
Activity: 3080
Merit: 1168
Leading Crypto Sports Betting & Casino Platform
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July 22, 2019, 06:15:19 PM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
The KYC should be implemented or should not be implemented. There should not be a case where you won big amount and the site start demand for kyc to withdraw a big amount. Such types of kyc are made mandatory just to avoid withdrawing the big amount of money out of casino. In most cases, even trade exchanges place conditions on users to provide passport data in the first place precisely when the user wants to withdraw a sufficiently large amount of funds. Gambling books should be guided in the same way, because not all gamblers deal with big wins. That's what I am saying that the rules of kyc should be uniform and should not vary with the withdrawal amounts. If a sportbook or gambling site want to implement kyc they should implement it right at the time of making an account on that site and not at the time of withdrawal.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Zicadis
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Dump it!!!
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July 23, 2019, 12:33:58 AM |
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Any purely cryptocurrency sportsbook asking for KYC is almost certainly going to become desolate soon enough.
There are literally dozens of online casino platforms, e.g. Cyberdice and OneHash that don't ask for any KYC and have a full-featureset.
So why bother with KYC-requesting casinos?
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Dreamchaser21
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July 23, 2019, 12:42:29 AM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
A gambling site asking for KYC is unusual, and i also don't want to play if they require me for that. We should always protect our bitcoin wallet from anyone, we should consider buying hard wallet or any wallet that you can control before its too late. Don't play on any gambling site if you don't feel filing the KYC.
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maydna
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July 23, 2019, 04:29:39 AM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
When I face this, I will skip that site because I don't want to send any document to them and I think that will be too risky for me. I will search for the other gambling website which doesn't need KYC for the member, so we don't have to verify ourselves. Besides that, we can play without worry, and we can withdraw in anytime without asking the KYC. We don't need to tell other people about how much bitcoin we have, and we don't have to send much bitcoin to any gambling site so we can protect for the other things.
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Herbert2020
Legendary
Offline
Activity: 1946
Merit: 1137
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July 23, 2019, 06:41:29 AM |
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almost all of those who are gambling with bitcoin are doing it because they can do it without the headaches of KYC and without revealing their identity specially since they could be subjected to hefty taxation in certain jurisdictions under tax laws that want to take a share of your winnings. not to mention that with bitcoin and the fact that it does not have any charge back capabilities there is absolutely no reason for these gambling sites to ask for KYC related documents, they do that in fiat world to protect themselves against those who charge back, use stolen credit cards,... and also to abide by regulatory laws. none of which exist in cryptocurrency world!
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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omonuyak
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July 23, 2019, 11:27:08 AM |
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack. Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree. But then you get sportsbooks asking for photos and passports, and god only knows what else. If a sportsbook wants all this, I respectly suggest they change to fiat.
That is true and not only sportsbook but all the gambling sites and exchange that are now looking for mode of identity before you can gambling or do business through they sites should focus on fiat and leave bitcoin because the aim of bitcoin is privacy. Two people should be able to do business without asking each other passport, national identity card or driving licence.
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