Crypto-Casinos and KYC

[dunfida]

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

No, they should ask out KYC before you do make out deposits not before on making a withdrawal and that would surely sucks!

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

No, Giving out documentations about your identity is never been giving out that feeling of safety.

[jaberwock]

1. Yes, provided that the platform has a long-standing reputation of doing pure business and is in the industry to serve the customers, not the government, as the customers are the ones who bring them profit and not a centralized authority that forces their way on every information that they want.

2. Personally, I don't. There have been a lot of data leaks in the recent past that it's literally not impossible to have another one wherein the platform I'm using is included. In an age wherein personal information is extremely precious for a lot of reasons, it is hard to give it easily, so you need to be sure that the platform you're submitting your info to is reliable and trustworthy enough.

I agree with both points you made but they are somehow contradicting each other because, in 1st point, you said that it's safe to give your ID verification to trusted casinos but in 2nd point, you are also approving the risks that even the biggest casinos can have a data breach and you emphasized on the importance of personal data these days.

I like both the points though because I have a similar feeling that giving our your personal data is not the biggest worry if the site asking for that is a big name in the gambling industry and are asking it for a valid reason. If I win a lottery of 1 BTC and am asked for my documents then I have no problem. That said, if there is a slight doubt in my mind I would be hesitant to provide the same because once someone with bad intentions has your identity and details, they can take even loans on your name and there are thefts beyond our reach.

[acquafredda]

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.

How funny, imagine I do not trust even my Bank and my government to have all my KYC data. I feel that way too, because anytime I sent my documents to a new service I know that at some point in time they will get hacked and our data could be sold for pennies on the Dark Web.
So when you expose your data is not about if that happens, but when that happens.

[Lanatsa]

How funny, imagine I do not trust even my Bank and my government to have all my KYC data. I feel that way too, because anytime I sent my documents to a new service I know that at some point in time they will get hacked and our data could be sold for pennies on the Dark Web.
So when you expose your data is not about if that happens, but when that happens.

Always have that kind of doubt anytime you do submit out your personal details on a typical normal day where government or any service do ask out some documents about your identity.

As if we do have some other options to take? because if we don't comply then don't expect that you would really be getting on what you wanted. Even just purchasing a car or a property

you would really be needing those documents which would fully be exposing your all information. When it comes to those info then it is already be long time leaked out.

[Silberman]

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.

I also believe online casino owners understand that the competition in online gambling is getting tougher, because there are so many new
gambling platforms now emerging. And provide the best possible service to its users, therefore I am sure that only a small number of
gambling platforms force their users to perform KYC procedures. Because online casino owners realize that many gamblers consider privacy
in the online world to be very important. So if we are going to register on gambling sites and ask for KYC verification, we can leave the gambling
site and choose another gambling site, because there are so many nowadays good gambling sites and care for their users.

This is one of the great characteristics of the market of cryptocurrencies, there is always someone out there trying to do things more efficiently than you do and if you show any opening then they are going to take your spot, we have seen this many times with the exchange industry, one day there was this exchange that it seems no one could ever hope to beat and then they implemented KYC and in a matter of months they were replaced by another exchange and the same happens with the gambling industry.

[aioc]

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.

Blackmail you from gambling? is gambling illegal or a crime that you will get blackmailed as long as you are fair and you won it all fair I don't know how you will get blackmailed, I have not read any complaint that high rollers get into that kind of situation and so are traders from exchanges, they are very similar to gambling they have KYC and they also have whales there, but there was no report of getting blackmailed from staff or former staff of exchanges, you are just creating your own ghost.

[Twentyonepaylots]

KYC is a much-needed component in gambling sites nowadays. If you can't even offer such services as a gambling firm, you can't expect patrons and gamblers alike to trust you with their money. So of course it would be okay for me to follwo KYC regulations in order to give security and peace of mind as well that the gambling site I put my money on is not a bogus or scam.

[johhnyUA]

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

My answer is: My asshole would explode and send me to the Moon (ha ha, bitcoin is dumping now, so on the moon there is enough place for me). Most of casinos is located in offshores and many of them doesn't have a license for their services. So, they don't have any right to ask me about KYC. And they trying to get your docs just to sell it on darknet and get pretty good cashback 

[judeafante]

 If you are not comfortable giving out your KYC then do not play in lesser-known casinos, play in a gambling site that has a license and follow the government rules about data privacy there are lottery winners but I have not read that get blackmailed because they won the lottery, if you are a high roller you will have the means to trace whoever blackmailing you, if you have the money you can hire lawyers and bodyguards to combat it.

[ultrloa]

KYC is a much-needed component in gambling sites nowadays. If you can't even offer such services as a gambling firm, you can't expect patrons and gamblers alike to trust you with their money. So of course it would be okay for me to follwo KYC regulations in order to give security and peace of mind as well that the gambling site I put my money on is not a bogus or scam.

There are people whos not comfortable providing their private informations since its really risky to do so, also many think crypto is good for anonymity thats why they go with it but since regulation is happening and law ask the operators to do it then we don't have any choice to provide if we want to play thats why we should be selective on choosing the best casino so that we will not be in dangered once they a casino turned scam.

[chaser15]

KYC is a much-needed component in gambling sites nowadays. If you can't even offer such services as a gambling firm, you can't expect patrons and gamblers alike to trust you with their money. So of course it would be okay for me to follwo KYC regulations in order to give security and peace of mind as well that the gambling site I put my money on is not a bogus or scam.

I disagree. Do you mean you will comply with it even you are just a casual gambler or just doing it during spare time? Willing to submit your personal documents just to start doing gambling? Not a good idea as we are talking about crypto-gambling here.

I understand if it's about fiat gambling but that's not the case here.

I also don't see how complying with KYC will give you peace of mind. Stick with a reputable gambling site if that's what you are looking for.

[Text]

Blackmail you from gambling? is gambling illegal or a crime that you will get blackmailed as long as you are fair and you won it all fair I don't know how you will get blackmailed, I have not read any complaint that high rollers get into that kind of situation and so are traders from exchanges, they are very similar to gambling they have KYC and they also have whales there, but there was no report of getting blackmailed from staff or former staff of exchanges, you are just creating your own ghost.

Maybe you just didn't get his point well or understood what he wanted to convey.  Yes, we have not seen or read any blackmail on gambling but it is unlikely that he has already encountered such a scenario, read or heard.  Or let's say he's just going to do it in his mind but it's possible to happen.  Yes, in other countries gambling is illegal, breaking the law is prohibited, so it is also a crime.  Let's go back to what OP said, he just assumes that just in case he is a big roller and after he submits his Identity and KYC verification.  We know that not only one staff member works in their support team and they are not the same.  What if the OP thought that there was a reprimand staff at a crypto gambling site and they stole his info.  and data and use it against him just like blackmail.  Of course, you will know his full name, birthday, and address.

[Kakmakr]

I have to say, I recently went to a "Brick n Mortar" casino with a friend of mine that has not gambled there before and the only thing they wanted from him to register.. was his ID card. They did not ask for "Proof of Adress" and "Social security" and "Selfie with ID" and "Bank statements" like some of these other sites.

So I cannot see why these online casinos has to require all of that information to sign you up to play and to withdraw.    I watermark my documents with the name of the site, where I signed up.. so that I can track where the source documents was acquired, in case it was used to register somewhere else. 

[bitterguy28]

KYC is a much-needed component in gambling sites nowadays. If you can't even offer such services as a gambling firm, you can't expect patrons and gamblers alike to trust you with their money. So of course it would be okay for me to follwo KYC regulations in order to give security and peace of mind as well that the gambling site I put my money on is not a bogus or scam.

I disagree. Do you mean you will comply with it even you are just a casual gambler or just doing it during spare time? Willing to submit your personal documents just to start doing gambling? Not a good idea as we are talking about crypto-gambling here.

I understand if it's about fiat gambling but that's not the case here.

I also don't see how complying with KYC will give you peace of mind. Stick with a reputable gambling site if that's what you are looking for.

But the thing is , There are gambling sites that requires KYC before withdrawal , meaning if you really wanna play in their site you must comply.

Sad to say Roobet now has this feature that you cannot even logged in if you did not comply to their KYC policy.

[DoublerHunter]

~snip~
So I cannot see why these online casinos has to require all of that information to sign you up to play and to withdraw.    I watermark my documents with the name of the site, where I signed up.. so that I can track where the source documents was acquired, in case it was used to register somewhere else. 

^ Definitely I agree with your idea, to avoid not to be abused, just always put a watermark on the documents like the name of the site and the registration date that you submit your documents, and additionally, it will probably help too if you will include your handwritten signature. We always worried about our documents being abused by those gambling sites we use and it is probably the only one solution to avoid regarding that matter.

[suzanne5223]

I have to say, I recently went to a "Brick n Mortar" casino with a friend of mine that has not gambled there before and the only thing they wanted from him to register.. was his ID card. They did not ask for "Proof of Adress" and "Social security" and "Selfie with ID" and "Bank statements" like some of these other sites.

I single ID is enough to track any man on earth but some gambling site ask for proof of address to save their stress.

So I cannot see why these online casinos has to require all of that information to sign you up to play and to withdraw.    I watermark my documents with the name of the site, where I signed up.. so that I can track where the source documents was acquired, in case it was used to register somewhere else.  

I think 95% of all online cryptocurrency casino does this but I don't think we should blame them because ever since some people abuse the use of gambling site to tumbler stolen funds the gambling site master license holder have increased their restrictions and this is also have led to KYC in the initial offering either. However, only naive casino will ask new user for KYC when registering an account cause it will be a turn off though almost every casino ask for KYC when user when to withdraw above their no KYC limit.

[coin-investor]

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.

Of course, KYC on gambling is something that you don't like but if that's the only way to do it to verify that you really won that amount then you have no choice but to proceed, so only play on a reputable gambling site with a license where they are accountable to everything that they are going to do wrong, you can also report them if you think that there is a breach of data privacy.

[maydna]

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.

Of course, KYC on gambling is something that you don't like but if that's the only way to do it to verify that you really won that amount then you have no choice but to proceed, so only play on a reputable gambling site with a license where they are accountable to everything that they are going to do wrong, you can also report them if you think that there is a breach of data privacy.

I think we can choose the gambling site where we want to play gambling. If we don't like to play gambling on the site that applies KYC, we can search for the other sites, and I am sure that will not be difficult for us, especially when we use crypto to gamble. Besides that, we already have so many reputations gambling site which does not ask about KYC to their members. If they win, it will be their member's money, and the casino will let them withdraw if they don't do something suspicious.

[iTradeChips]

Well for me there's two rules. I will try to know first if the newly established casino has KYC or not. Second I need to know the real deal with the casino, is this a reputable casino or not. I mean KYC is simply just a new name to an old regulation some casinos implement in the past until now. You register, give some basic information about your identity, and then play and earn money. I don't see anything different from this perspective. Only of course now we need to be careful on the internet casinos. Not all internet casinos are good for you.

[worle1bm]

KYC have been always a issue and topic of discussion for crypto gambling platforms.It still moves the same way.So here are my findings about it:

1) If you prefer to remain anonymous while playing on crypto casino then search for the legit ones which do not ask for KYC documents regardless of how much withdrawal request you have initiated.Here is list of casino which do not requires for such KYC procedures Anonymous Bitcoin Casino

2)Most of the legit casino fulfill the legal obligations of the concerned region in which they are operating and government ask them for to have proper identification of the customers.

3) Sometimes casino have to monitor the suspicious activities related to deposit and withdrawal under AML acts and that's why they ask you for KYC documents to monitor your account details.

4)If you are using Bitcoin wallets then you don't need to give such detail for inter wallets transfer,but if you are using PayPal or bank card details for withdrawal then you surely need to provide the details

5)If the platform you are using is legit it will never exploit your personal details and you can trust them.

So now it depends upon you how you want to participate in crypto gambling.