Crypto-Casinos and KYC

[stomachgrowls]

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

Not that much even though they arent requiring some KYC or verification doesnt mean that these platforms are decentralized. Lets put up aside those blockchain-based type of games which are understandable where they dont need on complying something nor being regulated.

Lets go back into those gambling sites that hasnt asked out yet for some verification as of this moment but if you do tend to look at into their terms and conditions then they can anytime do ask out those documentations for some specific situations.

Only a few had really go into full scale where they do ask out before you can play just like what happened in Roobet but those are just minimal informations needed.

[semobo]

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

There is no such thing called decentralized gambling site is exists, there are few decentralized blockchain games are available but if we talk about the sites then it is always under the ownership of someone and there is nothing wrong with it. Well casinos don't have the intentions of collecting your KYC but the government wants them to do for AML purpose so these sites have to collect them and report it to the government if there is a need for it.

[Natalim]

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

There is no such thing called decentralized gambling site is exists, there are few decentralized blockchain games are available but if we talk about the sites then it is always under the ownership of someone and there is nothing wrong with it. Well casinos don't have the intentions of collecting your KYC but the government wants them to do for AML purpose so these sites have to collect them and report it to the government if there is a need for it.

The only decentralized gambling site I saw before was Directbet.eu, no need to register, send bitcoin to your address and they'll send it right away once your bet won, it's very popular in the past but they did not last long, they got close, probably the regulators came to play. 

we can search a lot about Directbet in this forum, like this one https://bitcointalk.org/index.php?topic=1928229.0 and this https://bitcointalk.org/index.php?topic=5193242.0

[Oasisman]

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Well casinos don't have the intentions of collecting your KYC but the government wants them to do for AML purpose so these sites have to collect them and report it to the government if there is a need for it.

Correct. These can be all mandatory for the gambling websites and exchanges, because the authorities will come and check on it once in a while. The least that a gambling site or exchange can do for the people who doesn't want to pass KYC is to limit their withdrawal amount. Thus, forcing them to submit one.
It is true that the main purpose for the KYC verification is for the AML, but any gambling website could always take advantage of these information they have in their system.
So, here comes the importance of choosing the most trusted online casino.

[Silberman]

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

There is no such thing called decentralized gambling site is exists, there are few decentralized blockchain games are available but if we talk about the sites then it is always under the ownership of someone and there is nothing wrong with it. Well casinos don't have the intentions of collecting your KYC but the government wants them to do for AML purpose so these sites have to collect them and report it to the government if there is a need for it.

It is obvious that most of the owners of cryptocurrency casinos know that people in this market like their privacy and they do not want to pass any kind of KYC policy but there is no other way around it, governments ask for this and even if they try avoid this as much as possible there are instances in which they have to do it, like when a person is using big amounts of money to bet constantly and they need to verify the identity of that customer so governments can most likely go after him for tax purposes.

[johhnyUA]

Correct. These can be all mandatory for the gambling websites and exchanges, because the authorities will come and check on it once in a while. The least that a gambling site or exchange can do for the people who doesn't want to pass KYC is to limit their withdrawal amount. Thus, forcing them to submit one.
It is true that the main purpose for the KYC verification is for the AML, but any gambling website could always take advantage of these information they have in their system.
So, here comes the importance of choosing the most trusted online casino.

No. If we are talking about offshore based gambling business (like with many online casinos) there will no be problems with government. So there is no reason for them to ask for KYC. This is not the same as 365bet site which based in UK, so he need to make KYC, because he is under regulations. No. This is just greedy and cunning casinos want to receive your docs.

[Hypnosis00]

Correct. These can be all mandatory for the gambling websites and exchanges, because the authorities will come and check on it once in a while. The least that a gambling site or exchange can do for the people who doesn't want to pass KYC is to limit their withdrawal amount. Thus, forcing them to submit one.
It is true that the main purpose for the KYC verification is for the AML, but any gambling website could always take advantage of these information they have in their system.
So, here comes the importance of choosing the most trusted online casino.

No. If we are talking about offshore based gambling business (like with many online casinos) there will no be problems with government. So there is no reason for them to ask for KYC. This is not the same as 365bet site which based in UK, so he need to make KYC, because he is under regulations. No. This is just greedy and cunning casinos want to receive your docs.

That's a good point because based on my observation, most casinos I played do not ask for KYC, so crypto casinos are still good for me. However, if regulation changes and they'll require a KYC, then there's nothing I could do but follow. I don't see any difference in using an exchange and casino, if the exchange asks for KYC, then casinos should be treated the same as long as they are both regulated.

[dunfida]

Correct. These can be all mandatory for the gambling websites and exchanges, because the authorities will come and check on it once in a while. The least that a gambling site or exchange can do for the people who doesn't want to pass KYC is to limit their withdrawal amount. Thus, forcing them to submit one.
It is true that the main purpose for the KYC verification is for the AML, but any gambling website could always take advantage of these information they have in their system.
So, here comes the importance of choosing the most trusted online casino.

No. If we are talking about offshore based gambling business (like with many online casinos) there will no be problems with government. So there is no reason for them to ask for KYC. This is not the same as 365bet site which based in UK, so he need to make KYC, because he is under regulations. No. This is just greedy and cunning casinos want to receive your docs.

That's a good point because based on my observation, most casinos I played do not ask for KYC, so crypto casinos are still good for me. However, if regulation changes and they'll require a KYC, then there's nothing I could do but follow. I don't see any difference in using an exchange and casino, if the exchange asks for KYC, then casinos should be treated the same as long as they are both regulated.

If you do really love the platform then you would surely comply on whats been asked and wont mind about those verifications but this would only be good if you dont have any choice but if you can still find another place which wont require such verification then i would simply go skip into that
rather than on giving out my details.
Its a personal choice and acceptance in terms like this because not all would really be willing on giving out information on that simply as long they can
find another place then that would be the best option for them including me.

[harizen]

I don't see any difference in using an exchange and casino, if the exchange asks for KYC, then casinos should be treated the same as long as they are both regulated.

I have to disagree. Although in general, we are risking money at both, activities in exchanges and casinos are different so I can't consider the latter should also be mandated by KYC. Let the casinos be regulated but not too much. Crypto-gamblers should still feel the advantage of playing in a crypto-casino. No difference when you played at fiat casinos if that will be the case.

I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.

[FatFork]

I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.

Fortunately, you're still right. Let's hope it stays that way.

I agree that casinos and crypto exchanges should not be treated in the same way when it comes to anti-money laundering policies. Unless the cryptocurrency can be exchanged for fiat at the casino.

[MCobian]

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That's a good point because based on my observation, most casinos I played do not ask for KYC, so crypto casinos are still good for me. However, if regulation changes and they'll require a KYC, then there's nothing I could do but follow. I don't see any difference in using an exchange and casino, if the exchange asks for KYC, then casinos should be treated the same as long as they are both regulated.

If you do really love the platform then you would surely comply on whats been asked and wont mind about those verifications but this would only be good if you dont have any choice but if you can still find another place which wont require such verification then i would simply go skip into that
rather than on giving out my details.
Its a personal choice and acceptance in terms like this because not all would really be willing on giving out information on that simply as long they can
find another place then that would be the best option for them including me.

I'm sure most gamblers who play online gambling prefer platforms that don't apply KYC. Because it is very uncomfortable to play gambling
but must submit our personal data. Therefore, I have almost the same thoughts as you, when it comes to being comfortable with certain platforms.
But suddenly these platforms apply KYC, I will try to find other platforms that do not apply KYC. I'm sure there will always be platforms that
offer gambling without the need to do a KYC procedure.

[shield132]

I don't see any difference in using an exchange and casino, if the exchange asks for KYC, then casinos should be treated the same as long as they are both regulated.

I have to disagree. Although in general, we are risking money at both, activities in exchanges and casinos are different so I can't consider the latter should also be mandated by KYC. Let the casinos be regulated but not too much. Crypto-gamblers should still feel the advantage of playing in a crypto-casino. No difference when you played at fiat casinos if that will be the case.

I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.

But fiat casinos still don't accept bitcoin and crypto payments, right? It's another task how things should be and another one - how things work. Government pushes gambling websites to collect the data of their customers in case there is a doubt of money laundering, etc. To be fair, sometimes casinos take the advantage of this "rule" and ask customers for KYC when they lose. None casino will ask you for KYC if you deposit and lose the whole capital even if the money is laundered.
There aren't a lot of options and there is a huge difference even between those "options". Top crypto casinos that ask KYC offer you superior experience compared to other ones and are already highly trusted in this industry. The same applies to exchanges and if it's more ok for you to give KYC to exchanges, then congrats, Binance has an official partner (or maybe they own it, idk) bplay.org where you con login via binance credentials. But... Compare yourself bplay to Bitsler, Stake, Sportsbet and others, you'll see the difference.

[tabas]

I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.

But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.
After the compliance, then that will be the time I'll choose with the other options.

[hahay]

I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.

But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.
After the compliance, then that will be the time I'll choose with the other options.

Yes it becomes a different situation and requires us to give KYC, even though we are not ready for that but if we still need the money then there is nothing else we can do but give KYC. It's a different case if it's just a small amount of money and we can still let the money go, then we can leave the site and look for something else but indeed, giving KYC seems like it would be easy to do on exchanges not on gambling sites.

[john_nautica]

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

At first of course not I don't just give my private documents online some cheap casinos or gambling sites ask KYC of course you don't want your personal information submitted to anyone if it is a reputable and known casino and if it is necessary then I don't have any choice but to submit it before I can withdraw.

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

No, not just in online gambling site but even in exchange sites that would ask KYC or to any services that would ask KYC since its private document and you are not sure where are you going to send it exactly.

[Oasisman]

I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.

But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.
After the compliance, then that will be the time I'll choose with the other options.

You won't get into that situation If you didn't violated the terms of conditions. They can't just freeze your account just because they wanted to, otherwise it's the company's  violation and you can report it to the authorities.
Those you have read in the forums about frozen accounts might've overlooked the deposit and withdrawal rules limit. So they were asked to pass the KYC procedure.

[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.

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.

Maybe the reason is that they want to share their life with other people out there. But if they realize the risk, they will not do that to put their lives in danger. That is a small example for verifying or stating that we will do something or already did something. We can not imagine what if we send our documents to the other company we do not know where they operate, and we let them protect our data. We will regret to send the data if we know that they can not do their job to protect the data.

[Karartma1]

I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.

But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.
After the compliance, then that will be the time I'll choose with the other options.

You won't get into that situation If you didn't violated the terms of conditions. They can't just freeze your account just because they wanted to, otherwise it's the company's  violation and you can report it to the authorities.
Those you have read in the forums about frozen accounts might've overlooked the deposit and withdrawal rules limit. So they were asked to pass the KYC procedure.

What if they are not regulated? In that case there are no authorities to report to. Never trust any company like those on the internet and in the end always consider your funds and your data at risk.
And never think they can't freeze your account: they can do whatever they want.

[delfastTions]

What if they are not regulated? In that case there are no authorities to report to. Never trust any company like those on the internet and in the end always consider your funds and your data at risk.
And never think they can't freeze your account: they can do whatever they want.

Of course they can do whatever they want.  
This is especially true if you left money on your account and, for some reason, did not visit the site for a long time.  
In this case, their suspicion obviously increases that it is not you, but a fraudster.
 Here, complain, do not complain, but you will not be able to return the money without KYC and with KYC you will still be tormented to prove who you are.

[btc78]

I'd rather comply with KYC on exchanges compare to gambling sites. They shouldn't have the same approach. Even if my favorite gambling site will ask its users for KYC, no way. There are lots of options to choose from.

But what if they suddenly asked you for KYC and your funds were stuck there? I think I'll just have to do it if that happens to me. I've seen some situations told that in the forum that they've been through with that.
After the compliance, then that will be the time I'll choose with the other options.

You won't get into that situation If you didn't violated the terms of conditions. They can't just freeze your account just because they wanted to, otherwise it's the company's  violation and you can report it to the authorities.
Those you have read in the forums about frozen accounts might've overlooked the deposit and withdrawal rules limit. So they were asked to pass the KYC procedure.

What if they are not regulated? In that case there are no authorities to report to. Never trust any company like those on the internet and in the end always consider your funds and your data at risk.
And never think they can't freeze your account: they can do whatever they want.

Online gambling is somewhat free from such cases , there are very few that has been sued because of their not so good behavior that's why Scam sites are growing and growing because they knew that Law is far from bringing them behind bars.
Sad but this is reality .
so in many case authorities seems to be powerless against them .