madnessteat
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May 22, 2021, 04:58:44 PM |
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~ 5)If the platform you are using is legit it will never exploit your personal details and you can trust them. ~
The gambling platform itself may not use your personal data, but it could be intercepted during uploads or obtained by hacking into the platform's security. I think you should minimise sending personal data to third parties when you have the option of not doing so.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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pawanjain
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May 22, 2021, 05:10:24 PM |
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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.
There comes big number of risks when KYC is associated to an online entity. The risks get even bigger if the online entity gets hacked at some point. We should always stay away from sites which ask us for our KYC or should reveal the details only when it is absolutely necessary. For gambling though, there are many number of sites available which provide non KYC users to register and gamble. So yeah, KYC is definitely a No for gambling sites.
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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May 22, 2021, 05:19:45 PM |
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I don't want to undergo Know Your Customer procedures on gambling site for a whole lotta reasons. I don't want my data to be seen by some strange off-shore companies. I loved the early days of bitcoin when all gambling sites were accepting it no questions asked, directbet was my fav.
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Mahanton
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May 22, 2021, 09:50:26 PM |
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I don't want to undergo Know Your Customer procedures on gambling site for a whole lotta reasons. I don't want my data to be seen by some strange off-shore companies. I loved the early days of bitcoin when all gambling sites were accepting it no questions asked, directbet was my fav.
Until now gambling sites doesnt really ask of KYC as of this moment but its included into their terms that they would really be asking out once the user would be violating one of their terms. Its not mandatory but you would really be careful on violating or terms of any platforms out there because sooner or later these platforms would be no different with fiat where KYC and other verification would really be next in line.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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magneto
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May 22, 2021, 11:22:25 PM |
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I don't want to undergo Know Your Customer procedures on gambling site for a whole lotta reasons. I don't want my data to be seen by some strange off-shore companies. I loved the early days of bitcoin when all gambling sites were accepting it no questions asked, directbet was my fav.
Exactly. Directbet was the embodiment of what crypto gambling should be like - quick, painless, direct, and no questions asked. But I do think that it's inevitable that more and more casinos start probing into people's KYCs for a variety of reasons. The overwhelming reason is the ramping up of regulatory pressures that is happening across the world. It's necessary cost to pay for the mainstream adoption of BTC - really no way around it.
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Karartma1
Legendary
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May 23, 2021, 10:02:37 AM |
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I don't want to undergo Know Your Customer procedures on gambling site for a whole lotta reasons. I don't want my data to be seen by some strange off-shore companies. I loved the early days of bitcoin when all gambling sites were accepting it no questions asked, directbet was my fav.
Exactly. Directbet was the embodiment of what crypto gambling should be like - quick, painless, direct, and no questions asked. But I do think that it's inevitable that more and more casinos start probing into people's KYCs for a variety of reasons. The overwhelming reason is the ramping up of regulatory pressures that is happening across the world. It's necessary cost to pay for the mainstream adoption of BTC - really no way around it. With all the due setup in place it shouldn't be impossible to recreate that gaming experience but that costs associated with it are to high. Take yolodice as an example, they weren't asking for people's data and the owners closed because it's too time consuming (and it was only dice-based)
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tabas
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May 23, 2021, 10:08:46 AM |
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I loved the early days of bitcoin when all gambling sites were accepting it no questions asked, directbet was my fav.
I was able to see the glory days of directbet and you're spot on about the early days of bitcoin. Most of the casinos wouldn't scare out the players with their sudden KYC compliance. We're all confident before that there's not going to have a sudden question about their player's identity. But these days, well it has changed a lot and we're all worried and don't want to do it.
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Reatim
Sr. Member
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May 23, 2021, 10:24:03 AM |
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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.
Only Few has implementing the KYC thing when you are just starting to play because mostly KYC is been asked when you come to Hit a jackpot or Huge amount , or whenyou come lucky all your time so the site will automatically put your account under questioned and you will be asked of your Full personal details. But like what you said, we must not consider giving our kyc for newly established casino site because of reputation issue, they must first prove their self before we come to trust them .
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iTradeChips
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May 23, 2021, 11:06:35 AM |
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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.
There comes big number of risks when KYC is associated to an online entity. The risks get even bigger if the online entity gets hacked at some point. We should always stay away from sites which ask us for our KYC or should reveal the details only when it is absolutely necessary. For gambling though, there are many number of sites available which provide non KYC users to register and gamble. So yeah, KYC is definitely a No for gambling sites. With all the bad things you can get on the internet if you are not careful, of course, we need to protect our identity. I am very much aware of identity theft so theres that. Also the KYC's that I have participated so far are the ones with reputable businesses like Binance and Coins.ph. I play poker and I have my own email address that be used for poker casino or poker playing websites that would let me send not my real email but my "gambling email".
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radjie
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DGbet.fun - Crypto Sportsbook
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May 23, 2021, 04:39:44 PM |
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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.
Only Few has implementing the KYC thing when you are just starting to play because mostly KYC is been asked when you come to Hit a jackpot or Huge amount , or whenyou come lucky all your time so the site will automatically put your account under questioned and you will be asked of your Full personal details. But like what you said, we must not consider giving our kyc for newly established casino site because of reputation issue, they must first prove their self before we come to trust them . yes, some gambling sites may ask for KYC only when making a withdrawal when a user gets a big jackpot, but not all casino sites require verification of kyc, if kyc is mandatory we also have to consider whether the casino site is official and has a good reputation and can even guarantee security and our privacy so that it can be accounted for
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KTChampions
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May 23, 2021, 05:11:46 PM |
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Very correct questions and an interesting topic. I agree with the author that if I face the same problems in crypto as in fiat, then why do I need a crypto? I think that this problem will become more and more evident over time as crypto becomes more controlled by governments and gradually turns into fiat.
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ethereumhunter
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May 23, 2021, 06:31:07 PM |
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yes, some gambling sites may ask for KYC only when making a withdrawal when a user gets a big jackpot, but not all casino sites require verification of kyc, if kyc is mandatory we also have to consider whether the casino site is official and has a good reputation and can even guarantee security and our privacy so that it can be accounted for
We need to be responsible for our document or verification process because once we give our details to the casino or other website, we can not complain to them if they are negligent in protecting our data or getting hacked. I am sure the casino or other site will protect their member's data from the bad things that can happen, but we can not deny that the internet is not a safe place to give our details to any third party. So we need to make sure that they can protect and will take care of good.
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Karartma1
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May 24, 2021, 01:29:24 PM |
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I loved the early days of bitcoin when all gambling sites were accepting it no questions asked, directbet was my fav.
I was able to see the glory days of directbet and you're spot on about the early days of bitcoin. Most of the casinos wouldn't scare out the players with their sudden KYC compliance. We're all confident before that there's not going to have a sudden question about their player's identity. But these days, well it has changed a lot and we're all worried and don't want to do it. I hope that with the advance of DeFi applications there will be new Dex Casinos where we don't need to rely to a central entity/operator (sometimes a single man i.e. safedice(!!!)) to freely gamble with crypto. There are a few example already but there's not so much traction about these products. Maybe with Taproot and an increasing LN adoption that will become possible sooner than we think. And I'm not talking about gambling only, but finance in general.
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Kong Hey Pakboy
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May 24, 2021, 02:02:40 PM |
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Very correct questions and an interesting topic. I agree with the author that if I face the same problems in crypto as in fiat, then why do I need a crypto? I think that this problem will become more and more evident over time as crypto becomes more controlled by governments and gradually turns into fiat.
Crypto grows in value compared to fiat so even if the difference between fiat and crypto gets narrower day by day, I think that we will still use crypto. It's impossible for the government to control crypto since it is a decentralized platform, what they can control though are the avenues for the users to access.
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Silberman
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May 24, 2021, 08:35:54 PM |
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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.
Disagree, KYC is not there to protect you , KYC is there to protect the casino of you or anything that you do that could go against their interests, also since we know there are many scams casinos out there especially those that do not bother to come to this forum to open an ANN thread it is fair to wonder if you should give your personal information to them as you run the risk of being victimized twice, the first time when they steal your money and the second time when they sell your personal information on the dark web.
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abel1337
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May 24, 2021, 09:30:10 PM |
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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.
Disagree, KYC is not there to protect you , KYC is there to protect the casino of you or anything that you do that could go against their interests, also since we know there are many scams casinos out there especially those that do not bother to come to this forum to open an ANN thread it is fair to wonder if you should give your personal information to them as you run the risk of being victimized twice, the first time when they steal your money and the second time when they sell your personal information on the dark web. That right. For me, KYC is a double-edged sword for gamblers. The risk of stealing your personal information is high when a data breach happens in a casino but the advantage of submitting KYC is if your account is hacked or stolen, You can recover easily it by simply appealing and submitting the recovery procedure with KYC. Though I still wouldn't risk my personal information just to allowed or to access a casino.
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carlfebz2
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May 24, 2021, 09:39:59 PM |
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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.
Disagree, KYC is not there to protect you , KYC is there to protect the casino of you or anything that you do that could go against their interests, also since we know there are many scams casinos out there especially those that do not bother to come to this forum to open an ANN thread it is fair to wonder if you should give your personal information to them as you run the risk of being victimized twice, the first time when they steal your money and the second time when they sell your personal information on the dark web. That right. For me, KYC is a double-edged sword for gamblers. The risk of stealing your personal information is high when a data breach happens in a casino but the advantage of submitting KYC is if your account is hacked or stolen, You can recover easily it by simply appealing and submitting the recovery procedure with KYC. Though I still wouldn't risk my personal information just to allowed or to access a casino. This is only good for fiat gambling site casino but for cryptocurrency based ones then its not really that necessary to have these credentials for you to recover out your own account since they would really be just asking out several precise activity that you had with that account recently or other informations like the date when it was created or some sort. This is the main reason why gambling in crypto is booming because of the anonymity that it gives unlike on dealing with fiat ones which would really be needing those documents or personal information.
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Lorence.xD
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May 25, 2021, 05:27:41 AM |
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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. It is better yes but there is no way that all casinos are going to stay on the old ways of not collecting KYC without the worry of being hassled by the government bodies for not complying with their laws.
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michellee
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May 25, 2021, 11:54:53 AM |
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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. It is better yes but there is no way that all casinos are going to stay on the old ways of not collecting KYC without the worry of being hassled by the government bodies for not complying with their laws. We can hope that some reputations gambling site will still do that way to give anonymously to their members. Maybe if the casino is out of the government jurisdiction, the casino will not have to follow the regulation from the government, so they can still operate without asking KYC to their members. Hopefully, crypto gambling users can still play gambling without worrying about KYC and other things that can make them send their details.
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madnessteat
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May 25, 2021, 03:47:03 PM |
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No matter how much they try to brainwash us about how KYC helps prevent money laundering, terrorist financing and tax evasion, it's all just an attempt by states to link personal information to a person's financial condition, no matter what he uses - bank services, cryptocurrencies or casinos. KYC is evil even for a well-meaning person.
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