Crypto-Casinos and KYC

[Natalim]

Yes, you shouldn't be surprised when they ask but most of them too are not really pushing that as long as the user is clean. And those users that have been asked for it.

Gambling sites just asked for additional KYC for big withdrawals or alarming winnings. In that case, users just have to be true to themselves.

KYC is just for the account's unique profile so that in case of attempted big withdrawals, it can't be allowed easily if the account was hacked and the only one who can withdraw that is the original user.

Another one if the account has an unusual activity. That is subject to account fraud and KYC might be imposed on that account.

It's the site that will determine that, and we just have to comply with the requirements. I guess we should be ready whenever there's a KYC requirement as it would really happen anytime to see especially if we got big winnings and if it already triggers their mandatory KYC rules for such. I know we want to maintain the anonymity regardless of the amount we are gambling, or transacting, but things have change, as the crypto space becomes more regulated, this policy is becoming a basic requirement.

[michellee]

I think the big central problem is in the following:

1 - casino owners are anonymous

2 - casino employees are anonymous

3 - casinos do not say where and how they keep people's documents

So why should people submit documents to anonymous people's websites?

People submit their documents if they want to withdraw bigger money from that casino because some casinos will have that limitation. And if people do not send the documents, they can satisfy with withdrawing a small amount and I think they can withdraw continuously. So that is just one way for people to solve a larger amount of money for withdrawing to their other wallets.

There is quite a bit of sensitivity surrounding this private submission process, for some people and casinos, this is a way for some large withdrawals to happen safely and easily, sometimes it's also a form of determining the age of the participants when seriously, too many kids are curious about forms of gambling and it becomes a risk for them and the casino, the government doesn't like kids here. However, the author also raised his opinion about the ambiguities and risks of the document, it's hard to make things clear in this anonymous environment, it probably takes trust from both sides

I agree with you. When kids play online gambling, they will hide their activities from the adult and ask for the document from their parents or adult people in their house and send it to the casino easily. When it came to the kids, they will take responsibilities from their parents to assist their kids when they are online or use the internet.

If that is about trust, I think the gambler should search for the casino that they can trust and if they can find the casino which does not require KYC, that will be good for them as they can playing gambling and withdraw the money without a problem. Even if the casino needs them to verify their account, they will do that because they trust the casino and believe that the casino can protect the document.

[KTChampions]

Not only about large withdrawal amounts, there are also gambling sites out there that offer a bonus but on KYC terms, but that's just an option I guess we can still ignore. But related to large withdrawals I think it can only be done if he is a pro gambler, because for amateur gamblers it is still possible to ignore KYC because it will only play with money that is ready to be lost and most of us just to play for free time and fun. So yes, KYC or not I think it's just an option which in reality can still be avoided.

Yes, at the moment there are such options, but before, even when playing for large sums, everything was as simple and uncontrollable as possible. Then the conditions became tougher, I am sure that the trend is unambiguous and the amounts that are not under control will gradually decrease.

[Silberman]

Easy for them to do that but there's always a risk on their side, that's an identity thief or they might not be able to go after the gambling site if they will file a case once the site is scamming its clients because they are not using their real identity. I don't know if there are still gambling sites that will offer anonymous gambling in the future, because wherever they are, as long as they are regulated, the government would always require them to implement a KYC as that is the standard for every government.

That is another problem that will a gambler face in the future if they decide to use a fake identity in the gambling casino. They hope that they can play gambling without a problem and if they can found a casino that does not require KYC, maybe they will stay at that casino without moving into the other casino. I guess there will still be a casino that does not require the member to fills KYC. I will not have a problem using the casino, which requires KYC but that will be better if we give our identity if we want to withdraw big money more than 1 bitcoin.

Many casinos are very tolerant when it comes to asking for KYC, they know that if they ask this information to every single one of their clients then soon enough they are going to find themselves without clients as the majority of the people in this market care about their privacy, this is why you should not worry that much about this, however if you play with a big amount of money then you should prepare yourself and accept that sooner or later you will have to go through it especially if you win a significant amount of money.

Yes, that is why there will be a casino that still accept the member without asking about KYC. But they can limit the withdrawal amount for their members and if their members want to increase the limit, they need to do KYC. I think that is a fair thing from the casino as the casino does not want to break the regulation. A gambler itself needs to know about themselves and not using too big money if they do not want doing KYC. I think the casino want to help the gambler to control themselves but sometimes, a gambler itself want to break the limit.

I think the big central problem is in the following:

1 - casino owners are anonymous

2 - casino employees are anonymous

3 - casinos do not say where and how they keep people's documents

So why should people submit documents to anonymous people's websites?

This is without a doubt a problem of trust, people simply want to gamble and not deal with anything outside of that and casinos want to comply but since they are not in a bubble they need to also comply with the law, and the law asks them to get some KYC information from their clients, but as you said people do not want to comply because how is it possible to trust in any entity in this market when we know that scams are so common? And once your documents are out there we know there is no way to get them back.

[bL4nkcode]

[...] if you want your money and privacy safe, play on proven gambling sites that knows how to protect your money and data.

Known trusted gambling websites doesn't have an assurance that they can protect your data, including kyc and non-kyc data in case of breach, inside job or so.

It will still have issues in the future. What people/gamblers can do is to minimize the damage, and only play or give your personal info to those known long-running reputed website.

[chaser15]

What people/gamblers can do is to minimize the damage, and only play or give your personal info to those known long-running reputed website.

I agree if there's no choice after all.

Gamblers should be ready to comply with KYC especially if big winnings are experienced in the progress. We have no choice after all if that's the requirement before we can claim big winnings since we want that money. But for small winnings or something below $5,000 for example, KYC shouldn't be trigger here. Only for alarming, unusual, or something like that.

[Rabi3]

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?

the answer for me is no, i would avoid that for sure, unless it has something that other casinos don't, like a particular game or some kind of a promotion, otherwise no, most of us who joined bitcoin a little bit early, were searching for anonymity, so KYC is the last option for us.

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

just like you said, i can trust big and known websites with my ID and such, but there is just no way i can trust some random less known casino, no way.

[freedomgo]

What people/gamblers can do is to minimize the damage, and only play or give your personal info to those known long-running reputed website.

I agree if there's no choice after all.

Gamblers should be ready to comply with KYC especially if big winnings are experienced in the progress. We have no choice after all if that's the requirement before we can claim big winnings since we want that money. But for small winnings or something below $5,000 for example, KYC shouldn't be trigger here. Only for alarming, unusual, or something like that.

That's a huge amount, I would not let go of it by not complying with the KYC, of course, I would not hesitate to comply with the requirement and claim that money. We gamble to win, and winning big money is an ultimate success, so why not just comply and claim it, unless you are hiding something that you are afraid to give you identity to the site.

[bL4nkcode]

unless you are hiding something that you are afraid to give you identity to the site.

Sometimes it doesn't work like that, even if you do not hide something illegal or not. That's still your privacy and it can't be bought by just xxxxx digits of money if you really care your privacy especially in the internet, there are lots of identity theft incidents happen every time. Even the known reputed websites (Ledger) after it got breached it ends up exposing their customer's data and that's really bad. And that's the cons and risks everytime you use such websites that ask personal info.

[freedomgo]

unless you are hiding something that you are afraid to give you identity to the site.

Sometimes it doesn't work like that, even if you do not hide something illegal or not. That's still your privacy and it can't be bought by just xxxxx digits of money if you really care your privacy especially in the internet, there are lots of identity theft incidents happen every time. Even the known reputed websites (Ledger) after it got breached it ends up exposing their customer's data and that's really bad. And that's the cons and risks everytime you use such websites that ask personal info.

I understand that risk, but I'm willing to take the risk to claim $5,000, it's huge money and besides, I would not gamble on the site that I don't trust, they have also their reputation to take care of, so they need to take care of our information if they don't want their business to get destroyed.

[ethereumhunter]

What people/gamblers can do is to minimize the damage, and only play or give your personal info to those known long-running reputed website.

I agree if there's no choice after all.

Gamblers should be ready to comply with KYC especially if big winnings are experienced in the progress. We have no choice after all if that's the requirement before we can claim big winnings since we want that money. But for small winnings or something below $5,000 for example, KYC shouldn't be trigger here. Only for alarming, unusual, or something like that.

The casino that cares about its members will not try to ask KYC for them as the casino respects their identity. It is okay if the casino applies KYC for a gambler who wants to withdraw big money from winning because the casino wants to know who their customer is. But we need to be careful if we want to do KYC and only select the casino with good reputations to protect their members.

[Silberman]

What people/gamblers can do is to minimize the damage, and only play or give your personal info to those known long-running reputed website.

I agree if there's no choice after all.

Gamblers should be ready to comply with KYC especially if big winnings are experienced in the progress. We have no choice after all if that's the requirement before we can claim big winnings since we want that money. But for small winnings or something below $5,000 for example, KYC shouldn't be trigger here. Only for alarming, unusual, or something like that.

In a perfect world for us which like to keep our privacy we could gamble and win as much as we could and never have to go through KYC, but things do not really work like that, so as you say if someone earns a big prize then it is natural to go through KYC, however this is why it is important to choose a good casino from the beginning, as there are many people that get lucky and are happy about it and then get hit with a KYC request and then they are doubtful about doing it since they gambled in a casino with a dubious reputation.

[Text]

What if we reverse the situation?  The gambler will request KYC at a casino when they lose big?  Yes, they have control over our account, and they can do what they want and say that someone suspiciously created an account such as multiple accounts even though there isn't any, they also don't provide evidence on the allegations, and then they go in, they demand Identification.

[tabas]

Yes, you shouldn't be surprised when they ask but most of them too are not really pushing that as long as the user is clean. And those users that have been asked for it.

Gambling sites just asked for additional KYC for big withdrawals or alarming winnings. In that case, users just have to be true to themselves.

KYC is just for the account's unique profile so that in case of attempted big withdrawals, it can't be allowed easily if the account was hacked and the only one who can withdraw that is the original user.

Another one if the account has an unusual activity. That is subject to account fraud and KYC might be imposed on that account.

What the other gamblers are worried is that they're expecting that even if they do not do anything, they'll be asked for a kyc. But that's wrong and they shouldn't worry with that because as long as those withdrawals that they create as not that much and it's not alarming the casino they gamble.
They can keep going on without being asked for the kyc.

[KTChampions]

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

I have not heard anything funnier! Do you really think this is an equivalent exchange - to give your data (when withdrawing a large amount of money) to someone who is not 100% reliable and in return to receive the opportunity to receive some kind of spam offer in the future? I don't think there is a person in the entire universe who would be interested in such an exchange.

[agustina2]

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

I don't understand what are you trying to point there.  Can you explain clearly?

Do you mean a recognition of the gambling site on the location/area/region of that one that will be involved in their KYC? I can't see any connection in both particular cases.

If KYC is requested by those large winnings, there is no other purpose of it rather than the site wants the personal information of the winner.

[passwordnow]

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

That's no positive side. They won't ask you KYC just for you to get the positive side. A kyc isn't just all about emails, you'll be sending your personal identity to them and if they're going to offer us some good and interesting offers or promos, our emails shall be enough for them to send it. But in some casinos, they give incentives and that's what I think you're saying but not all of us likes to have it unless you're really relying on that casino and you're benefiting from it.

[tippytoes]

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

That's no positive side. They won't ask you KYC just for you to get the positive side. A kyc isn't just all about emails, you'll be sending your personal identity to them and if they're going to offer us some good and interesting offers or promos, our emails shall be enough for them to send it. But in some casinos, they give incentives and that's what I think you're saying but not all of us likes to have it unless you're really relying on that casino and you're benefiting from it.

Yes, KYC entails a lot more than email but actual identity of the player like submitting the passport or any valid ID. Some are even requiring to send a bill payment where your address is indicated. So if they just want to send you offers/bonuses, they can easily do that by using your email. KYC has different purpose to the casino and that is to validate the identity of the user. Or some will require this when the user got large winnings, and the casino wants to delay the payment or they don't want to release the winnings.

[imstillthebest]

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are

yes because can be tracked easily if found out that they are cheating or only uses the casino to launder money .
on some cases a casino request kyc if the gambler has an issue with his account and wants it to be fixed .

and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

this is true  .  
there are some sites that offers exclusive promotions but only to the costumer that have verified his account and verifying account can include a kyc  .

[passwordnow]

some gambling platforms often do KYC when they get users to withdraw the profits they get with very large amounts, this is done in my opinion because this gambling place wants to know who these people are and maybe the positive side is that one day they will will get interesting offers from the gambling place which they can send to an email address or other.

That's no positive side. They won't ask you KYC just for you to get the positive side. A kyc isn't just all about emails, you'll be sending your personal identity to them and if they're going to offer us some good and interesting offers or promos, our emails shall be enough for them to send it. But in some casinos, they give incentives and that's what I think you're saying but not all of us likes to have it unless you're really relying on that casino and you're benefiting from it.

Yes, KYC entails a lot more than email but actual identity of the player like submitting the passport or any valid ID. Some are even requiring to send a bill payment where your address is indicated. So if they just want to send you offers/bonuses, they can easily do that by using your email. KYC has different purpose to the casino and that is to validate the identity of the user. Or some will require this when the user got large winnings, and the casino wants to delay the payment or they don't want to release the winnings.

Not just large wins but also some activities that they suspect to be unauthorized through changing of the normal activity by that gambler. And that's why they want to ask you your identity to see if you really are that person and nothing has changed. It really depends to the casino and it's no longer a secret that there are casinos that will surprise you with a kyc even if you're doing nothing but because of those few reasons, you'll figure it out that's why they've asked you for it.