Crypto-Casinos and KYC

[Quidat]

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.

But still end up on complying those kyc or verification specially into those typical daily transactions that we might do in real life and same goes in other online transactions specially if its heavily centralized.
As if we do have some other choices to have? KYC is indeed evil but lets see some of it on the brighter side of things too.

https://testbook.com/blog/know-your-customer-gk-notes-pdf/

[harizen]

For now, I'm not including gambling sites for me to allow submission of my personal documents unless I have a pending decent amount waiting to be withdrawn.

No matter how reputable that site is, my approach to gambling sites isn't the same as exchanges in terms of submitting personal information that's why I only want to comply with KYC on the latter.

If at some point that my preferred sportsbook put a mandatory term that everyone should comply with the KYC, I will not use it anymore and will switch instead to other sites, simple as that.

[xSkylarx]

KYC is indeed evil but lets see some of it on the brighter side of things too.

The problem is you don't really know what the gambling platform will do on your private information. KYC has really some benefits but if it is handled by someone with a bad motive your information can be used for illegal activities. We should be picky on what platform we share this private information of ours, if the risk is greater than the reward then it might be better to avoid complying with KYC. We should also know the standard requirements on platforms, most often they only ask for a document ID and a live selfie of yours. If they are asking too much then think carefully if you will still comply to their KYC.

[chaser15]

Sorry, but whatever it takes, I don't want to comply with KYC at any gambling sites. Even it means centralization, gambling sites that running within a purely crypto environment should not be subject to that. It's different for other platforms that need KYC.

If I have an account on a certain gambling site with some of my stored funds, I have no choice then but to follow their rules if KYC was asked. But that will be the last service that I will do on that site.

[zanezane]

~

But still, people who do not want to verify their account will search for the gambling website which does not have verification because they want to stay anonymous. But some gamblers will not bother to do KYC if the site needed them to verify their account. Yes, the money laundry will be a problem for the casino and if they apply KYC for their members, they can protect their member's identity from bad things. So we hope when we verify our account by sending the document to the casino, they can give their best to protect the member's document.

As time goes by, the list of gambling sites that doesn't require KYC is going to get shorter because a lot of people are flocking to it and the government will take notice of this and they want to intervene as much as they can to prevent anything illegal that can be done through this sites.

[johhnyUA]

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.

You're wrong here: Most of the casinos (especially in crypto world) are based in offshores, like Cyprus with licenses from offshore government. And main problem that such places are out of EU privacy data regulations (I forgot how this law called). Hence, such casinos can sell your private information without any concerns for themselves. Oh, not "sell". They can "lost" your data 

[swogerino]

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.

This is true.The government want to control us to the maximum extent possible.In fiat casinos in almost 100% of the cases you have to pass KYC in order to be approved to play there.So far crypto casinos do not force you into this for small amounts,usually up to 0.01 Bitcoin which is better compared to fiat casinos.I don't think this will change anytime soon so crypto casinos are the way to go.

[DoublerHunter]

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.

You're wrong here: Most of the casinos (especially in crypto world) are based in offshores, like Cyprus with licenses from offshore government. And main problem that such places are out of EU privacy data regulations (I forgot how this law called). Hence, such casinos can sell your private information without any concerns for themselves. Oh, not "sell". They can "lost" your data 

^ Speaking of selling your data and will probably the gambling site will shut down, is possible your private information can sell them without your concern even if there is a watermark from you? Just like submitting an image with the date you submitted and the name of the gambling casino.
That is why as long as there are gambling casinos that did not require ID verification, I will still use them all together with their good reputation will still the best place for me to gamble. Nevertheless, it is very common as of now that most gambling sites acquire KYC/AML verification for its user.

[Silberman]

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.

You raise a good point towards the use of KYC that I have never considered, but that is because I only put in the casino enough money to gamble a few sessions, so even if I were hacked and lost access to my account I would probably not care as there will not be any money in my account, however for those that actually deposit a lot of money so they can save some money on fees or because thy want a bonus, KYC can be a decent way to get their account back in the case a hacker can get access to it.

[johhnyUA]

^ Speaking of selling your data and will probably the gambling site will shut down, is possible your private information can sell them without your concern even if there is a watermark from you? Just like submitting an image with the date you submitted and the name of the gambling casino.
That is why as long as there are gambling casinos that did not require ID verification, I will still use them all together with their good reputation will still the best place for me to gamble. Nevertheless, it is very common as of now that most gambling sites acquire KYC/AML verification for its user.

With a good skill in PS you can remove watermarks, lol. The only good "watermark" is a sheet of paper between ID card with all needed information.

Many services acquire KYC. But this doesn't mean that to do as they ask is a good idea.

[Natalim]

^ Speaking of selling your data and will probably the gambling site will shut down, is possible your private information can sell them without your concern even if there is a watermark from you? Just like submitting an image with the date you submitted and the name of the gambling casino.
That is why as long as there are gambling casinos that did not require ID verification, I will still use them all together with their good reputation will still the best place for me to gamble. Nevertheless, it is very common as of now that most gambling sites acquire KYC/AML verification for its user.

With a good skill in PS you can remove watermarks, lol. The only good "watermark" is a sheet of paper between ID card with all needed information.

Many services acquire KYC. But this doesn't mean that to do as they ask is a good idea.

In poor countries you can buy data from people, pay them and you're problem is solved, but make sure you always have contact with that person as the KYC requirement may not only be one time, especially if you are dealing with a big amount. Still risky though but if you can take it, you're good to go.

[goinmerry]

With a good skill in PS you can remove watermarks, lol. The only good "watermark" is a sheet of paper between ID card with all needed information.

There are follow-ups on some KYC and that removing the watermarks will not work later on.

Some platforms ask for supporting documents so having at least a single doc might not enough. I hope so that annoying tasks like that won't be featured on a crypto gambling site as I already sick to some exchanges on that kind of experience and in the end, sometimes there will be a problem on the way even you submitted a clear document.

[BuNga_cute]

^ Speaking of selling your data and will probably the gambling site will shut down, is possible your private information can sell them without your concern even if there is a watermark from you? Just like submitting an image with the date you submitted and the name of the gambling casino.
That is why as long as there are gambling casinos that did not require ID verification, I will still use them all together with their good reputation will still the best place for me to gamble. Nevertheless, it is very common as of now that most gambling sites acquire KYC/AML verification for its user.

With a good skill in PS you can remove watermarks, lol. The only good "watermark" is a sheet of paper between ID card with all needed information.

Many services acquire KYC. But this doesn't mean that to do as they ask is a good idea.

In poor countries you can buy data from people, pay them and you're problem is solved, but make sure you always have contact with that person as the KYC requirement may not only be one time, especially if you are dealing with a big amount. Still risky though but if you can take it, you're good to go.

It is true that we can buy data from other people for solutions to play gambling on platforms that require KYC procedures. But this is a very high risk,
even though we have contact with the person who sold the data to us. There will definitely be problems in the future, which later will make things
even more complicated. Why not find a safer solution, using gambling platforms that don't need KYC procedures. There are still so many trusted
gambling platforms that don't need KYC procedures.

[tabas]

This is true.The government want to control us to the maximum extent possible.In fiat casinos in almost 100% of the cases you have to pass KYC in order to be approved to play there.So far crypto casinos do not force you into this for small amounts,usually up to 0.01 Bitcoin which is better compared to fiat casinos.I don't think this will change anytime soon so crypto casinos are the way to go.

Only about to happen if you've done somewhat against to their TOS. But if you're clean and you know it, you'll be far to being asked for a KYC. There are gamblers that are from fiat casinos would agree to that, that the crypto casino are way better secure and good in keeping privacy.

[arwin100]

This is true.The government want to control us to the maximum extent possible.In fiat casinos in almost 100% of the cases you have to pass KYC in order to be approved to play there.So far crypto casinos do not force you into this for small amounts,usually up to 0.01 Bitcoin which is better compared to fiat casinos.I don't think this will change anytime soon so crypto casinos are the way to go.

Only about to happen if you've done somewhat against to their TOS. But if you're clean and you know it, you'll be far to being asked for a KYC. There are gamblers that are from fiat casinos would agree to that, that the crypto casino are way better secure and good in keeping privacy.

Crypto gamblers are actually not used to it we see on the gambling threads complaining about why they have been ask to provide their informations. But since the crypto casino evolves and the market of it became wider the government want to regulate it. That's why its good for crypto gamblers to understand that this could possibly happen on the casino where they play so better choose the best casino to play so that their worried will be lessen regarding on future anomalies.

[Peanutswar]

There are a lot of people who would like to keep themselves anonymous while playing a gambling platform so they keep preferring using not true identify but some of this platform right now requires a KYC before you playing it's their own rules you want to adopt or change another platform. 

In giving KYC is a double perspective first it's bad to their customers they want to keep anonymous whole playing and the other one is having a KYC gives a good outcome in terms of another layer of security for their users but still, it exposed their information on the gambling website.

[johhnyUA]

In poor countries you can buy data from people, pay them and you're problem is solved, but make sure you always have contact with that person as the KYC requirement may not only be one time, especially if you are dealing with a big amount. Still risky though but if you can take it, you're good to go.

We are not talking here about ways to bypass casinos KYC. I'm trying to tell you that passing KYC to a service which can't even ask you about that (in legal terms) this is not good.

Some platforms ask for supporting documents so having at least a single doc might not enough. I hope so that annoying tasks like that won't be featured on a crypto gambling site as I already sick to some exchanges on that kind of experience and in the end, sometimes there will be a problem on the way even you submitted a clear document.

I know that. But again: They don't have permission and any right to do that. If you want to ask about KYC, then shift you business to UK or EU and i will give my docs to you. If you want to sit in low tax offshore - then "fuck you cunning service". My way of life, tho.

[Lanatsa]

This is true.The government want to control us to the maximum extent possible.In fiat casinos in almost 100% of the cases you have to pass KYC in order to be approved to play there.So far crypto casinos do not force you into this for small amounts,usually up to 0.01 Bitcoin which is better compared to fiat casinos.I don't think this will change anytime soon so crypto casinos are the way to go.

Only about to happen if you've done somewhat against to their TOS. But if you're clean and you know it, you'll be far to being asked for a KYC. There are gamblers that are from fiat casinos would agree to that, that the crypto casino are way better secure and good in keeping privacy.

Crypto gamblers are actually not used to it we see on the gambling threads complaining about why they have been ask to provide their informations. But since the crypto casino evolves and the market of it became wider the government want to regulate it. That's why its good for crypto gamblers to understand that this could possibly happen on the casino where they play so better choose the best casino to play so that their worried will be lessen regarding on future anomalies.

Not surprising that government would try to get involved or stirring up on things where it seems that it do really get bigger or getting attention specially if its dealing with crypto then that wont really pass up into their eyes.  

Even these crypto gambling sites that we do know even they are really that prioritizing anonymity, it wouldn't really be a surprise that one day these platforms will really be strictly asking
out for verification.

[Mahdirakib]

There are a lot of people who would like to keep themselves anonymous while playing a gambling platform so they keep preferring using not true identify but some of this platform right now requires a KYC before you playing it's their own rules you want to adopt or change another platform. ~

Most of them made KYC mandatory because of their license provider. So it's not their own rules. Basically, crypto gambling platform wants to keep their user as anonymous too. A casino will loss their gambling license if they don't follow the rules of their license provider. And many gamblers will leave the platform if they loss their license. Also many gambler doesn't like to play at casino where kyc is required. Overall it's a tough situation for a casino. Personally I avoid playing at those platform where kyc is mandatory.

[tabas]

This is true.The government want to control us to the maximum extent possible.In fiat casinos in almost 100% of the cases you have to pass KYC in order to be approved to play there.So far crypto casinos do not force you into this for small amounts,usually up to 0.01 Bitcoin which is better compared to fiat casinos.I don't think this will change anytime soon so crypto casinos are the way to go.

Only about to happen if you've done somewhat against to their TOS. But if you're clean and you know it, you'll be far to being asked for a KYC. There are gamblers that are from fiat casinos would agree to that, that the crypto casino are way better secure and good in keeping privacy.

Crypto gamblers are actually not used to it we see on the gambling threads complaining about why they have been ask to provide their informations. But since the crypto casino evolves and the market of it became wider the government want to regulate it. That's why its good for crypto gamblers to understand that this could possibly happen on the casino where they play so better choose the best casino to play so that their worried will be lessen regarding on future anomalies.

Yes, maybe for some time in the future we're going to see that majority of the casinos will be asking for a KYC. But for the meantime, I don't want to think about it as long as how crypto works and keeping the identity of the owners privately, that should how it works.
And while we've got a choice to gamble with the crypto casinos that don't ask for a KYC, go there and don't choose those that will surely ask you upon looking for reviews.