Crypto-Casinos and KYC

[kryptqnick]

The KYC question is difficult. The documents are checked by professional companies that specialize in KYC checks rather than by casinos (although things can be different at different places, of course). I wouldn't feel very inclined to share my identity online like that, but there's also a bigger problem with KYC that I've learned recently. A friend of mine got a KYC check at a crypto casino, and I was helping him pass it because he didn't manage to do it on his own. And we couldn't get is right together either, even though we had all documents in place and did our best! You load an ID, and then a utility bill. At first, it says that it's all uploaded successfully, and then tells you that your utility bill image is not clear enough (even though it's a high-quality photo). And then the next time you're loading that same ID photo, but a different utility bill where the address is typed in with larger letters, but now it says that the ID birthdate doesn't correspond to the information you've previously provided, even though it totally does correspond and the website had no problem with the same photo during the previous try. So passing a KYC, as I've learned from this experience, can also take a long time and become a really difficult process, even if you provide truthful and real documents.

[1715535961]

1715535961

[MCobian]

From all the comments in this thread, almost everyone does not agree that crypto casino enforces KYC. But fortunately almost all crypto casinos
that I actively use now don't enforce KYC, because it is not comfortable to use a gambling platform that enforces KYC. I was also going to register
on the new gambling platforms and was required to submit some personal information, I immediately changed my mind and decided not to join
that gambling platforms.

it's really for your own good if you choose the gambling sites that are not asking a KYC there are many gambling sites to choose from and some of them are not asking, but be careful still they may not ask if you are playing but may do so when you are withdrawing a big amount, and they can always change or circumvent their own rules in their favor.

Sometimes some gambling platforms don't require KYC when we first register, but when we win in large numbers. Suddenly we are asked to verify
KYC first to be able to withdraw the winnings. But we can't do anything if that happens, because we need the winning money and the owners of
the gambling platforms are free to enforce the rules they want. So there is no other choice but to do KYC as the gambling platforms want.

[Twinkledoe]

From all the comments in this thread, almost everyone does not agree that crypto casino enforces KYC. But fortunately almost all crypto casinos
that I actively use now don't enforce KYC, because it is not comfortable to use a gambling platform that enforces KYC. I was also going to register
on the new gambling platforms and was required to submit some personal information, I immediately changed my mind and decided not to join
that gambling platforms.

it's really for your own good if you choose the gambling sites that are not asking a KYC there are many gambling sites to choose from and some of them are not asking, but be careful still they may not ask if you are playing but may do so when you are withdrawing a big amount, and they can always change or circumvent their own rules in their favor.

Sometimes some gambling platforms don't require KYC when we first register, but when we win in large numbers. Suddenly we are asked to verify
KYC first to be able to withdraw the winnings. But we can't do anything if that happens, because we need the winning money and the owners of
the gambling platforms are free to enforce the rules they want. So there is no other choice but to do KYC as the gambling platforms want.

Some casinos will do that in order to avoid paying the high amount to the player. They will find a way how to stall the payment, this is why, it is better to play in reputable casinos in the forum. Because if something goes awry and you know you are not violating any of their ToS, members from here will help you out in your situation. This is why, if you stick in the casinos that you can find here, the likelihood of resolving your complaint is high.

[robelneo]

Sometimes some gambling platforms don't require KYC when we first register, but when we win in large numbers. Suddenly we are asked to verify
KYC first to be able to withdraw the winnings. But we can't do anything if that happens, because we need the winning money and the owners of
the gambling platforms are free to enforce the rules they want. So there is no other choice but to do KYC as the gambling platforms want.

This is not new in fact there are a lot of reports in the scam section about changing the rules from no KYC to KYC this is something that gamblers should expect to happen, if you are not ready for this then don't play a huge amount of money, I noticed only those with big wagers and withdrawals are asked for KYC, many gambling sites are in a habit of changing their rules regarding KYC so it's better to be updated on changing their rules you can always change or shift to other gambling sites anytime.

[fiulpro]

I have 2 questions which I would like everyone to please answer and based on the answers can we can have a clear picture.

1- Would you gamble at a crypto-casino knowing it would ask you for KYC documents before withdrawal?

My opinion: No, because fiat casinos offer much better services, odds, and games so I would never want to do KYC at a crypto casino and if I was going to do it, I would rather play at a fiat casino like bet365. There are countless options of exchanging your Bitcoins to skrill/neteller and deposit to play. I don't think that's a problem for anyone so unless crypto casinos offer better services, I won't play there if KYC is required. On top of everything else, the main reason why crypto was made was to keep ourselves anonymous and if crypto casinos should follow the same path.

If a player cheated the casino by any means, then the casino should just ban the player because asking for KYC is not going to solve the case.


2-  Do you feel safe giving out your KYC to online crypto-casinos?

My opinion: After the documents are sent, they go through a number of people and online casinos keep changing their staff from time to time and in some case, if a staff member knows my address and in case I am a high-roller I would be in some serious trouble because the staff member can track me and even blackmail me to some extent. I am ok with giving my identity to known sites like bet365 or williamhill but I am still not comfortable verifying myself at a lesser-known crypto casino.

See all of this it actually depends where you are giving out the KYC. For example:-
1. If a casino that I am very familiar with and is also active on the forum decides they are going to make it more secure using the KYC, I would not deny it.
2. If a casino is new and not much is known about it then I would actually try and play at some other casino.
3. See there are casinos which actually provide people to just sign up and you are done ! So if am in a hurry I would just go and use those kinds of casinos.
4. I highly think that the employee would not hunt you down until and unless it is a local casino. Most of them are owned by people all around the world and at the same time licensed by the government of Curacao and they won't really travel all around the world to just come and do a possible theft. They would indeed need a lot of money for it.
-•-

[Lorence.xD]

With casinos, as well as with the exchanges, sometimes happens similar KYC requirements, for some reason necessarily after trying to withdraw funds! And until then you could safely make deposits! I consider it a scam, and leave such sites! Who knows where your data and documents can get then!

Well, why worry about that when your government already sold your data to companies without your consent so I don't think that it would matter if they have KYC, most of the time, these KYC aren't that demanding.

[Pamadar]

As much as possible I don’t want to fill-up the KYC not because I’m hiding something but simply because I want to protect my personal details that can be use into many forms of fraud even if you’re dealing with the best crypto gambling site.

I also feel the same, I'm not comfortable providing my personal information, though I'm not that heavy gamers'
just playing using some small spare and enjoy.

Cryptocurrency should give you the chance to stay anonymous, but since those gambling site are following the government regulations, they can’t help but to implement KYC, some gamblers left with no choice.

For those who use big amount of money, they are require to complete this KYC as government requires every business
to provide this information, else, they can level them doing illegal things such money laundering.

[dimonstration]

With casinos, as well as with the exchanges, sometimes happens similar KYC requirements, for some reason necessarily after trying to withdraw funds! And until then you could safely make deposits! I consider it a scam, and leave such sites! Who knows where your data and documents can get then!

Well, why worry about that when your government already sold your data to companies without your consent so I don't think that it would matter if they have KYC, most of the time, these KYC aren't that demanding.

Kyc seems normal nowadays but we need to double check what website we are doing it. Kyc were required now in many countries to provide details if their customer for the business permits in whenever country that casino or exchanges staying, as long as we know that the website or casino is legit and have names to take care eith then having KYC is not really a problem.

[TimeTeller]

With casinos, as well as with the exchanges, sometimes happens similar KYC requirements, for some reason necessarily after trying to withdraw funds! And until then you could safely make deposits! I consider it a scam, and leave such sites! Who knows where your data and documents can get then!

Well, why worry about that when your government already sold your data to companies without your consent so I don't think that it would matter if they have KYC, most of the time, these KYC aren't that demanding.

Kyc seems normal nowadays but we need to double check what website we are doing it. Kyc were required now in many countries to provide details if their customer for the business permits in whenever country that casino or exchanges staying, as long as we know that the website or casino is legit and have names to take care eith then having KYC is not really a problem.

And in terms of crypto casinos, it is better to trust your funds from the casinos that can be found here in the forum.
There are several of them that are really trustworthy and you know that you will have no problem reaching out to their team.
If in case they require KYC, only trust your details to few sites that you know are totally legit and authentic.
And usually, most top casinos here don't require KYC, unless you are a big whale and you surpass their min limits.

[dunfida]

With casinos, as well as with the exchanges, sometimes happens similar KYC requirements, for some reason necessarily after trying to withdraw funds! And until then you could safely make deposits! I consider it a scam, and leave such sites! Who knows where your data and documents can get then!

Well, why worry about that when your government already sold your data to companies without your consent so I don't think that it would matter if they have KYC, most of the time, these KYC aren't that demanding.

Kyc seems normal nowadays but we need to double check what website we are doing it. Kyc were required now in many countries to provide details if their customer for the business permits in whenever country that casino or exchanges staying, as long as we know that the website or casino is legit and have names to take care eith then having KYC is not really a problem.

All matters with trust but even into those reputable or known websites or companies out there we cant still give out 100% assurance that those information we sent out is totally safe.

Always mind off about the probabilities of those information to be leaked or somewhat exposed off but if there nothing you should hide then why would worry off?

Lots had been giving out value into their identity which is understandable but there are times which we make ourselves way too paranoid.

[Lorence.xD]

~

Kyc seems normal nowadays but we need to double check what website we are doing it. Kyc were required now in many countries to provide details if their customer for the business permits in whenever country that casino or exchanges staying, as long as we know that the website or casino is legit and have names to take care eith then having KYC is not really a problem.

Being careful should be a given thing when you are providing a KYC to a website because if you aren't then you will probably be a victim of stolen identity because you aren't careful as to which site you are giving your personal information.

[madnessteat]

I have a negative attitude towards KYC as lately our personal information is being stolen and used without our consent. In addition, I don't think any gambling provider can ensure 100% security of our personal data. No one knows what their leaks could lead to. I am in favour of giving my personal information and allowing it to be processed and stored only in exceptional cases.

[michellee]

~

Kyc seems normal nowadays but we need to double check what website we are doing it. Kyc were required now in many countries to provide details if their customer for the business permits in whenever country that casino or exchanges staying, as long as we know that the website or casino is legit and have names to take care eith then having KYC is not really a problem.

Being careful should be a given thing when you are providing a KYC to a website because if you aren't then you will probably be a victim of stolen identity because you aren't careful as to which site you are giving your personal information.

It is better if the website does not need us to fills KYC as we want to keep our documents in our hands. I am sure many casinos will still protect their members' identification by not applying KYC for them because the crypto casino knows that anonymity will be important for people who use crypto. We need to be careful to handle our document and not verify our account or send the document to the suspicious website as we do not know if they can take care of our document or use it for their benefits.

[TheNineClub]

Seeing as this is a question about KYC I would recommend everyone, that hasn't already, to check out the fantastic post 1miau made about the dangers of KYC. https://bitcointalk.org/index.php?topic=5221497. It could make you think twice about casinos that use KYC so inform yourself before you make any decision that could hurt you in the long run.

[Ucy]

Cryptocurrency anonymity may not prevent a betting site from verifying your identify or having public key to your decentralized private identity. You can continue to be anonymous after they've been able to safely link your activities to a decentralized/p2p ID.
I think we need the right kind of kyc and anonymity in Crypto space. It has to be safe "Kyc" and Anonymity. Things has to be done better and uniquely in the space. They could invest in a Decentralized I.D system rather than use the risky centralized method. Their unique solution will make their business more attractive to those who want something better and safer than what traditional betting sites offer.





* Bet, but don't Gamble. Wish you Safe Bet!

[Dread Pirate Roberts]

I can respect some casino who adding required KYC before using their service. most likely about money laundry and legality for their customer. as we know some casino restricted some area for using their services. they didnt want their legality had problem because they didnt even know who using their service before hand . and also KYC in most gambling platform only formalities and they wont making harder registration for their new user.

[mu_enrico]

Loose KYC policy + cryptocurrency support seems an excellent combination. I'd go to reputable mainstream online casinos if I want to play with KYC, not Curacao licensed crypto casinos.

I can respect some casino who adding required KYC before using their service.

True, it's better they ask KYC before any deposit. It's not funny when they ask KYC when we won and want to withdraw the money.

If they have tiered KYC levels, such as LV.1 -> phone number, name, etc. without asking users to upload documents and selfies, that would be nice.

[madnessteat]

If they have tiered KYC levels, such as LV.1 -> phone number, name, etc. without asking users to upload documents and selfies, that would be nice.

In many countries, such as in Russia, it was until recently possible to buy SIM cards which were not registered to a specific person. They were not even sold on the black market, but on regular public marketplaces in huge quantities.

I don't think that passing the first level makes any sense for a gambling site.

[Silberman]

We don't have to settle for those casinos that gets to ask us for a KYC.

But just like what others been saying that as regulations gets strict then you would really see these kind of changes in future years to come.
It isnt really that appealing but they dont have choice.

We might not have a choice if they do that but we have a choice to choose another plaform that don't ask that much and we're free to deposit and withdraw anytime without being asked for a kyc.

That is the great thing about the market of cryptocurrencies, just because a big casino forces you to go through KYC no matter what that does not mean that you need to accept it, you can vote with your money and move to another casino that is more flexible on the way they do things and that care about your right to have some privacy and gamble with them, now there are people in this market that do not care about that in which case they have more options than us but at least to me my privacy is important and I am never going to sacrifice it.

[tabas]

We might not have a choice if they do that but we have a choice to choose another platform that don't ask that much and we're free to deposit and withdraw anytime without being asked for a kyc.

That is the great thing about the market of cryptocurrencies, just because a big casino forces you to go through KYC no matter what that does not mean that you need to accept it, you can vote with your money and move to another casino that is more flexible on the way they do things and that care about your right to have some privacy and gamble with them, now there are people in this market that do not care about that in which case they have more options than us but at least to me my privacy is important and I am never going to sacrifice it.

Yes, this is the flexibility that we have in cryptocurrencies. Many casinos are accepting already payments in bitcoin and other cryptos they prefer that's why the competition for them is tough and having loyal gamblers is becoming harder if they don't serve well and don't give the best experience a gambler can have. Majority of us do care about privacy and that's why when a casino asks us that, we're leaving after getting the balance that we have there.