Crypto-Casinos and KYC

[Kittygalore]

1. If I can avoid having KYC and still have some gambling sites that are not requiring, I would probably avoid it but that can only take so long before every site has to comply with the norm.

[leea-1334]

Unfortunately my friend in crypto and in gambling you see the most degenerate people,,, yes myself included:) I have never seen in a real place people beg for money or complain about rules but here,,, people complain for FREE things and when they have to follow the rules, they will make it such a big uproar. Very childish people act online,,, and would never do this in real life. Sad but being online makes them think they are anonymous:)

Complaining is bad in gambling, it only shows that you are not focused and you are not willing to accept the risk, or worst you don't even know the risk. Because we are gambling, we should assume that we are mature enough, we understand the risk, and we accepted it.

KYC is not a problem if we understand it's the rules of a regulated casino, of course we can find other casinos but we should understand that anonymous gambling is risky compared to gambling with KYC as casinos could disappear if they are not licensed.

when we say they are licensed, expect they will require a KYC< maybe not now, but maybe in the long run.

Well,,, people are people and they always complain. Awareness of risk is unusual. Everybody knows the risk but they ignore the facts. That losing is most likely what will happen to you, and most likely to happen quicker than you expect.

But this what I am talking about is RULES and free things. People get it and then complain the prizes are not big enough, or the rules are too strict. Well, then do not use it!:)

[$crypto$]

1. If I can avoid having KYC and still have some gambling sites that are not requiring, I would probably avoid it but that can only take so long before every site has to comply with the norm.

Many of the sites available here don't have the required KYC, even though it's been several years since the site was established KYC has never been enforced meaning they want to remain anonymous gambling in crypto people will be free to do anything except abuse it.
Including the KYC rules that apply to some gambling sites, it has become their regulation, we can't avoid it unless you want to keep playing there, you have to follow the rules.
It doesn't take long for us to just choose which anonymous site we like that supports crypto.

[yayayo]

It is a thing that has been discussed many times already. The point from crypto gambling should be that is must be anonymous as possible, but how should a casino act when they suspect a player of serious fraudulent behavior? Then they can not just process the withdrawal and close the accounts. The company has also duties in this scenario, depending of course where the license comes from. If you do not have nothing to hide, and played a clean game, then the KYC could be walked through easily, I guess. However, we see more and more people facing difficulties with the KYC procedure.

ya.ya.yo!

[michellee]

We can choose what casino we can use to gamble as I am sure that not all crypto gambling will follow the regulations and ask their members to fill KYC. We can find a casino with a license and do not require the members to fill KYC. If the casino can do this, they can get many members who will play on their site as the casino can give anonymity to them. A crypto gambler wants to hide their identity from others and the casino, so the casino will understand that.

It is perhaps rare today to see a pure crypto gambling site that has not been regulated.  So if they are not regulated, they also do not have a license to operate.  That is why it is very risky to gamble on such a platform.  There are still some of them that KYC is not mandatory, it is only required in case a lot of money is coming in and out of your account such as winning a huge amount and reaching the limit.

The importance of this thing is always to be careful because whether that casino has a license or not, does not guarantee that the casino will not scam its members. If we can have a gambling site with reputations and that casino is one of the top gambling sites, that will be enough for us to play gambling on that site. They will not try to make a mistake and will not try to scam their members. We can choose whatever we want, and as long as we can take care of ourselves, we will be okay.

[KTChampions]

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.

That is a very good observation and I agree that most of the bitcoin gamblers are playing at these small casinos because they want to remain hidden and avoid any taxes otherwise they can register and play a wider range of games at local casinos and some reputed ones online that operate in cash and fiat.

Players must read terms & conditions before playing if they are concerned about KYC because most of the casinos ask for it suddenly once you win big.

Avoiding taxes is perfectly reasonable and in many cases it is the only reasonable option. As far as I know, in some states in the United States, the player is required to pay tax on every winning bet. That is, if you lost 5 times and won 5 times (your profit is zero), then you must pay tax on 5 won bets. This is absurd.

[mv1986]

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.

It depends a lot on the reputation a casino has. If it is one with real standing and good history with close to no complaints from players, I would tend to be perhaps be inclined to share data. The problem is that they use (abuse) KYC often to make your life a bit harder.

[Silberman]

Even if you do nothing wrong you can be the subject of KYC verification, one common example is that if you happen to earn a significant amount of money most likely you are going to be hit by a KYC request in order to be able to withdraw your coins, however in this case I do not consider this to be wrong as casinos need to protect themselves from fraud and if the amount is significant it is natural they have their reservations about paying up.

If people send their details to third-party services and third-party services got hacked, all of the customer data can be used for many things. The hacker can sell the data to other party and they will get the money. So it needs more attention if that is related to our identity and does not send your details to any party without you know if they can protect your data or not. Just remember, when your data is upload to the internet, there is no guarantee to make sure your data is safe.

Which is why we must gamble only in casinos that have developed a good reputation over the years, people give their personal information too easily these days, just take a look at what happens in social media, and this is a mistake because you can be sure that once you upload your data to a website you have no control over it and someone has access to that information even if they say they have deleted it as it is impossible to enforce the laws that have to do with our privacy online and it is likely many business decide to not even try to comply despite the law.

[ethereumhunter]

Even if you do nothing wrong you can be the subject of KYC verification, one common example is that if you happen to earn a significant amount of money most likely you are going to be hit by a KYC request in order to be able to withdraw your coins, however in this case I do not consider this to be wrong as casinos need to protect themselves from fraud and if the amount is significant it is natural they have their reservations about paying up.

If people send their details to third-party services and third-party services got hacked, all of the customer data can be used for many things. The hacker can sell the data to other party and they will get the money. So it needs more attention if that is related to our identity and does not send your details to any party without you know if they can protect your data or not. Just remember, when your data is upload to the internet, there is no guarantee to make sure your data is safe.

Which is why we must gamble only in casinos that have developed a good reputation over the years, people give their personal information too easily these days, just take a look at what happens in social media, and this is a mistake because you can be sure that once you upload your data to a website you have no control over it and someone has access to that information even if they say they have deleted it as it is impossible to enforce the laws that have to do with our privacy online and it is likely many business decide to not even try to comply despite the law.

Yeah, you are right. I think those people underestimate that and they did that because they want to get something, so they challenge the risk. They do not know what will happen if someone hacks the data. They maybe do not even think about what the hacker can do with that data. If we only want to play gambling, we can select a gambling site that does not have a verification but that site has a good reputation, so we do not have to worry about the bad things.

[mv1986]

Even if you do nothing wrong you can be the subject of KYC verification, one common example is that if you happen to earn a significant amount of money most likely you are going to be hit by a KYC request in order to be able to withdraw your coins, however in this case I do not consider this to be wrong as casinos need to protect themselves from fraud and if the amount is significant it is natural they have their reservations about paying up.

If people send their details to third-party services and third-party services got hacked, all of the customer data can be used for many things. The hacker can sell the data to other party and they will get the money. So it needs more attention if that is related to our identity and does not send your details to any party without you know if they can protect your data or not. Just remember, when your data is upload to the internet, there is no guarantee to make sure your data is safe.

Which is why we must gamble only in casinos that have developed a good reputation over the years, people give their personal information too easily these days, just take a look at what happens in social media, and this is a mistake because you can be sure that once you upload your data to a website you have no control over it and someone has access to that information even if they say they have deleted it as it is impossible to enforce the laws that have to do with our privacy online and it is likely many business decide to not even try to comply despite the law.

Yeah, you are right. I think those people underestimate that and they did that because they want to get something, so they challenge the risk. They do not know what will happen if someone hacks the data. They maybe do not even think about what the hacker can do with that data. If we only want to play gambling, we can select a gambling site that does not have a verification but that site has a good reputation, so we do not have to worry about the bad things.

It doesn't even require a hacker if a casino seems to be reputable, collects your data when you want to cash out and also sells your data to hackers. They don't even have to do the hacking then. That's why the general rule should be that everyone is in a best case scenario one's own best data protector.

[ethereumhunter]

It doesn't even require a hacker if a casino seems to be reputable, collects your data when you want to cash out and also sells your data to hackers. They don't even have to do the hacking then. That's why the general rule should be that everyone is in a best case scenario one's own best data protector.

The casino can do anything to your data. Even if they want to sell the data, they can do that. It is why we really need to care about our data and not easily send the data to a third party if we are not sure. We should concern the hacker as they can enter the website easily, especially if the website can not protect their site because we already read about many hacking cases on the internet.

[hahay]

It doesn't even require a hacker if a casino seems to be reputable, collects your data when you want to cash out and also sells your data to hackers. They don't even have to do the hacking then. That's why the general rule should be that everyone is in a best case scenario one's own best data protector.

The casino can do anything to your data. Even if they want to sell the data, they can do that. It is why we really need to care about our data and not easily send the data to a third party if we are not sure. We should concern the hacker as they can enter the website easily, especially if the website can not protect their site because we already read about many hacking cases on the internet.

That is awareness about the value of personal data, if they do not have that awareness and or maybe do it because there is no other way, then of course they must be prepared to take the risk. In today's crypto circles it's not completely anonymous and it's not only about gambling, at first I was personally reluctant to KYC but if it's related to personal interest in using related sites that request KYC, then it becomes the final way for KYC but if it's about gambling sites that ask for KYC basically there are many other crypto gambling sites available, so I prefer to avoid KYC because there are still many better options out there.

[mv1986]

It doesn't even require a hacker if a casino seems to be reputable, collects your data when you want to cash out and also sells your data to hackers. They don't even have to do the hacking then. That's why the general rule should be that everyone is in a best case scenario one's own best data protector.

The casino can do anything to your data. Even if they want to sell the data, they can do that. It is why we really need to care about our data and not easily send the data to a third party if we are not sure. We should concern the hacker as they can enter the website easily, especially if the website can not protect their site because we already read about many hacking cases on the internet.

That doesn't only happen with Casinos. I just found out that public authorities sell sensitive data, mobile service providers sell sensitive data, literally anybody sells sensitiv data and the biggest issue is you can't prove who it was. I once got a call from a bank I have never been a customer with and they asked whether I want to proceed with m loan request. Indeed I found a kind of official request in my digital records that I never made. How could they even call me if I didn't have a bank account with them? See, data will be a huge issue in the future and that is why I still believe there is a blockchain required that perfectly manages digital identity in a way that only you can grand access to your data. I know there are a few, but none of them seems to be the holy grail yet.

[wildan88]

Some betting sites are required to perform the KYC procedure. This again has everything to do with the country where the company is located and where the gambling license was obtained. This can have consequences for legislation and regulations. What you unfortunately often see is that players are accepted at all times, but the moment a player requests a payout, they are actively asked for the KYC. Then you should turn off this procedure before making a deposit.

[BuNga_cute]

It doesn't even require a hacker if a casino seems to be reputable, collects your data when you want to cash out and also sells your data to hackers. They don't even have to do the hacking then. That's why the general rule should be that everyone is in a best case scenario one's own best data protector.

The casino can do anything to your data. Even if they want to sell the data, they can do that. It is why we really need to care about our data and not easily send the data to a third party if we are not sure. We should concern the hacker as they can enter the website easily, especially if the website can not protect their site because we already read about many hacking cases on the internet.

That is awareness about the value of personal data, if they do not have that awareness and or maybe do it because there is no other way, then of course they must be prepared to take the risk. In today's crypto circles it's not completely anonymous and it's not only about gambling, at first I was personally reluctant to KYC but if it's related to personal interest in using related sites that request KYC, then it becomes the final way for KYC but if it's about gambling sites that ask for KYC basically there are many other crypto gambling sites available, so I prefer to avoid KYC because there are still many better options out there.

We all really don't want our personal data to be spread or sold to other parties. Therefore, most online gamblers look for gambling platforms that
do not apply KYC. Fortunately for now there are still many options gambling platforms that do not apply KYC, but don't know in the future,
because surely the government wants to regulate online gambling. Actually agree or not in the end we really have to be ready with all
the possibilities that will happen, but I hope not in the near future the government will impose KYC on online gambling.

[DoublerHunter]

It doesn't even require a hacker if a casino seems to be reputable, collects your data when you want to cash out and also sells your data to hackers. They don't even have to do the hacking then. That's why the general rule should be that everyone is in a best case scenario one's own best data protector.

The casino can do anything to your data. Even if they want to sell the data, they can do that. It is why we really need to care about our data and not easily send the data to a third party if we are not sure. We should concern the hacker as they can enter the website easily, especially if the website can not protect their site because we already read about many hacking cases on the internet.

^ That is what they called a data breach, once it is breached, possibly all data was collected by the site will sell to the scammer and will probably use your data in scamming activity. But I think level 1 verification needs an ID verification, most likely it is only your Gmail account, phone number, and your name, as long as there is no ID verification, probably you are safe. I think for now, as long as you can avoid it, just do it until there is no choice is to complement the KYC implementation.

[Silberman]

Which is why we must gamble only in casinos that have developed a good reputation over the years, people give their personal information too easily these days, just take a look at what happens in social media, and this is a mistake because you can be sure that once you upload your data to a website you have no control over it and someone has access to that information even if they say they have deleted it as it is impossible to enforce the laws that have to do with our privacy online and it is likely many business decide to not even try to comply despite the law.

Yeah, you are right. I think those people underestimate that and they did that because they want to get something, so they challenge the risk. They do not know what will happen if someone hacks the data. They maybe do not even think about what the hacker can do with that data. If we only want to play gambling, we can select a gambling site that does not have a verification but that site has a good reputation, so we do not have to worry about the bad things.

And the problem is not only the personal information that people give to websites that require that information out of you like casinos or exchanges, the amount of information that people post in social media about their lives is impressive to the point that you can get to know almost everything about the life of that person through their social media accounts and many forget what they have posted online only to be reminded of it once they lose a job opportunity because of what they have posted online many years ago, proving that what we do online can have important repercussions with what we do in real life.

[ethereumhunter]

Which is why we must gamble only in casinos that have developed a good reputation over the years, people give their personal information too easily these days, just take a look at what happens in social media, and this is a mistake because you can be sure that once you upload your data to a website you have no control over it and someone has access to that information even if they say they have deleted it as it is impossible to enforce the laws that have to do with our privacy online and it is likely many business decide to not even try to comply despite the law.

Yeah, you are right. I think those people underestimate that and they did that because they want to get something, so they challenge the risk. They do not know what will happen if someone hacks the data. They maybe do not even think about what the hacker can do with that data. If we only want to play gambling, we can select a gambling site that does not have a verification but that site has a good reputation, so we do not have to worry about the bad things.

And the problem is not only the personal information that people give to websites that require that information out of you like casinos or exchanges, the amount of information that people post in social media about their lives is impressive to the point that you can get to know almost everything about the life of that person through their social media accounts and many forget what they have posted online only to be reminded of it once they lose a job opportunity because of what they have posted online many years ago, proving that what we do online can have important repercussions with what we do in real life.

I can not think why people tend to post their daily lives on social media because it can make them in danger. It can attract people who do not like them to do something because I heard that a crime could easily happen by watching their daily post on social media. Maybe it is different from the KYC and the casino, but that is just a sample of how dangerous our life is if we post something about our daily lives. And if we really send the personal data to the other third party, that will give them a chance to do something bad to our data. We do not want to see our data will be used for any illegal things so we need to prevent that by not giving the data easily.

[Silberman]

Which is why we must gamble only in casinos that have developed a good reputation over the years, people give their personal information too easily these days, just take a look at what happens in social media, and this is a mistake because you can be sure that once you upload your data to a website you have no control over it and someone has access to that information even if they say they have deleted it as it is impossible to enforce the laws that have to do with our privacy online and it is likely many business decide to not even try to comply despite the law.

Yeah, you are right. I think those people underestimate that and they did that because they want to get something, so they challenge the risk. They do not know what will happen if someone hacks the data. They maybe do not even think about what the hacker can do with that data. If we only want to play gambling, we can select a gambling site that does not have a verification but that site has a good reputation, so we do not have to worry about the bad things.

And the problem is not only the personal information that people give to websites that require that information out of you like casinos or exchanges, the amount of information that people post in social media about their lives is impressive to the point that you can get to know almost everything about the life of that person through their social media accounts and many forget what they have posted online only to be reminded of it once they lose a job opportunity because of what they have posted online many years ago, proving that what we do online can have important repercussions with what we do in real life.

I can not think why people tend to post their daily lives on social media because it can make them in danger. It can attract people who do not like them to do something because I heard that a crime could easily happen by watching their daily post on social media. Maybe it is different from the KYC and the casino, but that is just a sample of how dangerous our life is if we post something about our daily lives. And if we really send the personal data to the other third party, that will give them a chance to do something bad to our data. We do not want to see our data will be used for any illegal things so we need to prevent that by not giving the data easily.

I do not understand why people do it but there is a lot of evidence that people in fact do it, people post about their lives and the lives of those that they know and they even post where they will be and when, so it is not surprising to me they are not afraid to pass any kind of verification in order to obtain a service, but for the people that actually care about their privacy this is terrible as the more people there are that comply the more difficult it is to make use of a service and not have these kind of conditions to be put in place in order for us to make use of it.

[Saint-loup]

1. If I can avoid having KYC and still have some gambling sites that are not requiring, I would probably avoid it but that can only take so long before every site has to comply with the norm.

I don't think so, several gambling games are fully decentralized and are working directly on blockchain, moreover many gambling sites are located in fiscal paradises so they don't really care of KYC or AML