Crypto-Casinos and KYC

[harizen]

Yes, maybe for some time in the future we're going to see that majority of the casinos will be asking for a KYC.

For crypto-casinos, I doubt or should not. Centralization shouldn't involve crypto-casinos. KYC can be asked but only within a specific reason such as alarm accounts, unusual withdrawals, big amount withdrawals, or account recovery.

A mandatory KYC should only be applied to fiat casinos, which is actually the current state today. Look at Binance or Kucoin, a fully centralized and regulated, exchange but a basic account can play up to BTC2 withdrawals everyday anonymously (or should I say just with email and phone numbers). If those are allowed, then crypto-casinos should be the same.

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[KTChampions]

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.

You are so naive. If you pay attention, you will see that gradually the entire infrastructure of cryptocurrencies is coming under the control of large players, and they are completely in the legal field, which means they are controlled by the state. By the way, tell me why such an almost ideal cryptocurrency like Monero is not becoming popular, but on the contrary losing its market share?

[Ryker1]

Yes, maybe for some time in the future we're going to see that majority of the casinos will be asking for a KYC.

For crypto-casinos, I doubt or should not. Centralization shouldn't involve crypto-casinos. KYC can be asked but only within a specific reason such as alarm accounts, unusual withdrawals, big amount withdrawals, or account recovery.

A mandatory KYC should only be applied to fiat casinos, which is actually the current state today. Look at Binance or Kucoin, a fully centralized and regulated, exchange but a basic account can play up to BTC2 withdrawals everyday anonymously (or should I say just with email and phone numbers). If those are allowed, then crypto-casinos should be the same.

Well, this is the point that good to be discussed. For a small amount that you can afford to play and gambling on the site, which supposedly doesn't require KYC, we gamble just because we wanted to have fun in the casino but instead, they are asking as a KYC. KYC in gambling casinos should be for specific players or accounts, not the entire gambling business. If a gambling casino required having KYC while I am depositing, I rather choose now my debit card for that.

[Rengga Jati]

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.

We are talking about crypto casinos, I don't think even in the future it should ask for KYC. In the crypto world, we must respect the privacy of everyone and make it easier to do. So, what for asking KYC for the users? If the users win prizes in gambling, it can be delivered to the users' accounts on the casinos. It is not a complicated thing, which means no need for KYC to validate the data. 

[nhaila]

Online gambling and casinos site are strictly prohibited but kyc submit is very dangerous. I don't support kyc submission in casinos and gambling fund withdrawl. If it possible where gambling and casinos site fully valid.

[BuNga_cute]

Yes, maybe for some time in the future we're going to see that majority of the casinos will be asking for a KYC.

For crypto-casinos, I doubt or should not. Centralization shouldn't involve crypto-casinos. KYC can be asked but only within a specific reason such as alarm accounts, unusual withdrawals, big amount withdrawals, or account recovery.

A mandatory KYC should only be applied to fiat casinos, which is actually the current state today. Look at Binance or Kucoin, a fully centralized and regulated, exchange but a basic account can play up to BTC2 withdrawals everyday anonymously (or should I say just with email and phone numbers). If those are allowed, then crypto-casinos should be the same.

Well, this is the point that good to be discussed. For a small amount that you can afford to play and gambling on the site, which supposedly doesn't require KYC, we gamble just because we wanted to have fun in the casino but instead, they are asking as a KYC. KYC in gambling casinos should be for specific players or accounts, not the entire gambling business. If a gambling casino required having KYC while I am depositing, I rather choose now my debit card for that.

What makes crypto casino attractive and is starting to be of interest to many people is that we can play gambling online anonymously.
Because there is no need to do KYC, but now slowly some crypto casinos have started implementing KYC. And this actually makes some
gamblers disappointed, if KYC is applied to certain accounts and certain conditions I can still understand. But if I have to do KYC while only
making a small deposit, I feel uncomfortable playing gambling like that.

[Oshosondy]

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

Many people are comfortable with this as many people are comfortable with using centralized exchanges that demand for KYC. I am very conscious not to just easily give out my KYC to any site, but I can not have much coins on gambling sites, this should not then lose risk. If I win big, I will only easily move all my funds out of the exchange, mix it using a mixer and I am safe.

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

I feel reluctant, that is why I prefer to use non kyc betting sites, and there are many non kyc bettings sites that will require nothing more than email. This is the reason I have not even used kyc betting sure before.

[passwordnow]

Online gambling and casinos site are strictly prohibited

Only for a few countries that have declared it illegal but other than that, gambling, offline and online are fine with most of the countries and even supports it because it's part of the industries for which is the bloodline of a country.

but kyc submit is very dangerous.

Dangerous only if you have submitted it to the wrong casino that can't promise the safety of our identities.

I don't support kyc submission in casinos and gambling fund withdrawl. If it possible where gambling and casinos site fully valid.

As long as there's no need to apply KYC, we still have a lot of casinos to choose from that don't ask kyc.

[Oshosondy]

Dangerous only if you have submitted it to the wrong casino that can't promise the safety of our identities.

Be it legit or not legit casino or any other gambling company, kyc is extremely dangerous. If the ledger nano company data that was hacked and breached and known to people to the extent it led to phishing attempts and attacks, also to the extent some were calling the phone number of people that bought hardware wallet from the Ledger nano company, telling them they are coming to their home. Hackers can hack the data of people from legit sites, this makes kyc extremely dangerous. When there are many casino and gambling sites generally that will not request for kyc, it is better to use non kyc gambling platforms for safety reasons.

[KTChampions]

Online gambling and casinos site are strictly prohibited

Only for a few countries that have declared it illegal but other than that, gambling, offline and online are fine with most of the countries and even supports it because it's part of the industries for which is the bloodline of a country.

I think the key point here is not legality or illegality, but that legality implies taxes and other extortions. I think most of the people who came to the crypto wanted to be away from government regulation and, accordingly, from taxes / licensing, etc. In fact, all legal casinos are deprived of the advantages that crypto gives us.

[tabas]

Yes, maybe for some time in the future we're going to see that majority of the casinos will be asking for a KYC.

For crypto-casinos, I doubt or should not. Centralization shouldn't involve crypto-casinos. KYC can be asked but only within a specific reason such as alarm accounts, unusual withdrawals, big amount withdrawals, or account recovery.

A mandatory KYC should only be applied to fiat casinos, which is actually the current state today. Look at Binance or Kucoin, a fully centralized and regulated, exchange but a basic account can play up to BTC2 withdrawals everyday anonymously (or should I say just with email and phone numbers). If those are allowed, then crypto-casinos should be the same.

That's just a maybe that we might or might not see in the future. With all the intervention the governments are doing with crypto-related stuff and it includes gambling then that only means that there's a chance but that could be very slim.
That very reason why a crypto casino asks for KYC can be changed later on and would be enforced at their will. But it's just a maybe and IMO.

[Saint-loup]

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.

No I don't because it's dangerous. There had been scams with that. Many people have complained of having been scammed by 1xbit or 1xbet because of mandatory KYC. They required documents to the users pretending multi-accounts abuse, and ask for other new ones each time the victim sent them.

[Twinkledoe]

Yes, maybe for some time in the future we're going to see that majority of the casinos will be asking for a KYC.

For crypto-casinos, I doubt or should not. Centralization shouldn't involve crypto-casinos. KYC can be asked but only within a specific reason such as alarm accounts, unusual withdrawals, big amount withdrawals, or account recovery.

A mandatory KYC should only be applied to fiat casinos, which is actually the current state today. Look at Binance or Kucoin, a fully centralized and regulated, exchange but a basic account can play up to BTC2 withdrawals everyday anonymously (or should I say just with email and phone numbers). If those are allowed, then crypto-casinos should be the same.

That's just a maybe that we might or might not see in the future. With all the intervention the governments are doing with crypto-related stuff and it includes gambling then that only means that there's a chance but that could be very slim.
That very reason why a crypto casino asks for KYC can be changed later on and would be enforced at their will. But it's just a maybe and IMO.

The reason why we like crypto casinos is that we can play anonymously or there's no need for us to submit KYC details. Now, if crypto casinos will be like fiat-based casinos, what would be the advantage now of crypto casinos? Just like harizen mentioned, binance or kucoin, they are just requiring KYC for clients that go beyond the basic accounts, which is already big if you will avail the daily withdrawal limit. So I don't think these crypto casinos will compulsory implement KYC anytime soon for all levels of their clients.

[Oshosondy]

I think the key point here is not legality or illegality, but that legality implies taxes and other extortions. I think most of the people who came to the crypto wanted to be away from government regulation and, accordingly, from taxes / licensing, etc. In fact, all legal casinos are deprived of the advantages that crypto gives us.

I do not really understand gambling taxation but I think that both crypto and fiat gambling industry can be taxed, it is just like saying exchanges can not be taxed, crypto casinos will be registered in a country, they will have a license to run as a crypto gambling online platform, if the tax is mandatory, it will be taken. There are some countries that will even tax winners, but I have used crypto and fiat gambling sites like casino before in which no tax were collected from winners from their winnings, only the gambling sites will have to pay their tax, and this is not difficult for government to make it mandatory for any crypto gambling site operating in their country.

[btc78]

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.

No I don't because it's dangerous. There had been scams with that.

Please furthermore about How and what are scamming happening when a casino Site is Asking your KYC? How can they  scam you if you are not a willing victim?

Scammers will contact you first and will do necessary strategy to take your funds and if you know how to handle them then there is no chance of you being scammed .

That's my 2 cents on this though I am also not a fan of KYC because i want my privacy remains .

[tabas]

Yes, maybe for some time in the future we're going to see that majority of the casinos will be asking for a KYC.

For crypto-casinos, I doubt or should not. Centralization shouldn't involve crypto-casinos. KYC can be asked but only within a specific reason such as alarm accounts, unusual withdrawals, big amount withdrawals, or account recovery.

A mandatory KYC should only be applied to fiat casinos, which is actually the current state today. Look at Binance or Kucoin, a fully centralized and regulated, exchange but a basic account can play up to BTC2 withdrawals everyday anonymously (or should I say just with email and phone numbers). If those are allowed, then crypto-casinos should be the same.

That's just a maybe that we might or might not see in the future. With all the intervention the governments are doing with crypto-related stuff and it includes gambling then that only means that there's a chance but that could be very slim.
That very reason why a crypto casino asks for KYC can be changed later on and would be enforced at their will. But it's just a maybe and IMO.

The reason why we like crypto casinos is that we can play anonymously or there's no need for us to submit KYC details. Now, if crypto casinos will be like fiat-based casinos, what would be the advantage now of crypto casinos? Just like harizen mentioned, binance or kucoin, they are just requiring KYC for clients that go beyond the basic accounts, which is already big if you will avail the daily withdrawal limit. So I don't think these crypto casinos will compulsory implement KYC anytime soon for all levels of their clients.

Crypto casinos won't become fiat-based casinos. That's unlikely but the fiat-based casinos can be crypto casinos because they might adopt cryptocurrencies soon.
And as they adopt cryptocurrencies, as they enforce KYC, it won't be a problem to their users. But with that maybe that I'm saying, we don't know if it's really going to happen in the future.

[ethereumhunter]

Online gambling and casinos site are strictly prohibited but kyc submit is very dangerous. I don't support kyc submission in casinos and gambling fund withdrawl. If it possible where gambling and casinos site fully valid.

You do not need to worry because you will find many crypto gambling sites that do not require you to fill KYC if you use crypto to gambling. After all, they want to make you comfortable playing gambling without requiring you to give a detailed identity. Besides that, many of that site is recommended crypto gambling site, so you can playing gambling without sending your document to them. The withdrawal process itself will no need you to verify your account to finish the withdrawal.

[passwordnow]

Online gambling and casinos site are strictly prohibited

Only for a few countries that have declared it illegal but other than that, gambling, offline and online are fine with most of the countries and even supports it because it's part of the industries for which is the bloodline of a country.

I think the key point here is not legality or illegality, but that legality implies taxes and other extortions. I think most of the people who came to the crypto wanted to be away from government regulation and, accordingly, from taxes / licensing, etc. In fact, all legal casinos are deprived of the advantages that crypto gives us.

What you've said is true too. There are casinos that don't want to be taxed and so they keep hiding in shadows while they're operating without any license from the government because it's probably they want to avoid the taxes. But there's also a possibility that the government doesn't want to give them that license because they don't comply with the requirements so that's what they need. They wouldn't care bout' the license and just continue their operation despite the consequences.

[ReiMomo]

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.

We are talking about crypto casinos, I don't think even in the future it should ask for KYC. In the crypto world, we must respect the privacy of everyone and make it easier to do. So, what for asking KYC for the users? If the users win prizes in gambling, it can be delivered to the users' accounts on the casinos. It is not a complicated thing, which means no need for KYC to validate the data.  

That's right and you have a point here.
But if you will look into a different corner, a gambling site without having KYC to the users will be I guess becomes abuse by the money laundering process because there is a potential after scamming for the people they will use this out of the gambling and withdraw for nothing left online gambling casino and for the this should be convincible of pushing the KYC/AML verifications.

There's nothing we can do about the KTC thing, I guess this will also be required for those gambling sites that follow government law.

[Woodie]

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?

From my personal experience I honestly think gambling on a casino with no KYC still gets to this if casino wants to run a random or routine check or should they suspect a player is cheating the system and most of the times these KYC  requirements are usually embedded in their t&C which most of us hardly read....and this is why I say they are all the same no escaping KYC.

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

Of course not and I don't think they can assure players that our data is safe.