risk of kyc on crypto casinos ?

[Findingnemo]

There is no guarantee that you will never be asked to comply KYC on an online casino even if there is no mandatory policies regarding registration, or withdrawal because every regulated casinos has their terms and rules where you can see people and residence from certain countries are not allowed to play there so if someone is winning a huge money then they have all the rights to ask about you didn't violate any of their rules to win the bet(s).

This is the truth these days. Before, we saw those casinos that were okay with no compliance prior to KYC. But today is different, everyone will be subject to it especially if you've got huge withdrawals and they'll have to ask you those certain information that they need to verify you as the genuine owner of that account and as well as them complying to their rules of operation. We'll never see today a casino that don't have the rules about questioning a user for kyc suddenly or the rights to ask the user a kyc.

But its understandable right? As you said mostly when there is sudden changes in the activity of an account will trigger the security system of a casino which may put the account on hold until the further process comes officially, yes its bit annoying but also it can save someone's money if the account accessed without authorisation from the actual user.

[1715422885]

1715422885

[1715422885]

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[Rating Place]

As long as you use the same IP, casinos shouldn't ask for anything. KuCoin is a great exchange because of their KYC policy. Casinos should be similar.

[michellee]

The casino has now reached a stage where no player can play full time without KYC. Because in a short time you can play without personal details. Many intelligent and big rich people gamble here on this website. And they are always involved in gambling which you will be surprised to see.

That's what we have to think about because, with requests from regulators, casinos are forced to comply and will eventually ask for KYC from their members. If people who gamble at the casino use big money, they must be prepared to be asked to verify. But I don't think that small gamblers will be asked for KYC by the casino and hopefully, it will stay that way so that we gamblers who don't spend a lot of money can still play gambling freely.

[minime0105]

As long as you use the same IP, casinos shouldn't ask for anything. KuCoin is a great exchange because of their KYC policy. Casinos should be similar.

I sense something in kyc verification I see that you cannot compare exchange platform kyc with a gambling live casino kyc I will say that exchange platform kyc is more of important than gambling site verification because exchange you don't want to verify who you are and what kind of transactions you do if your document is from original source then your account will be granted what do you offer changing it amount you needed to exchange, but casino is just it's like verification to make a withdrawal for a platform

[Rating Place]

As long as you use the same IP, casinos shouldn't ask for anything. KuCoin is a great exchange because of their KYC policy. Casinos should be similar.

I sense something in kyc verification I see that you cannot compare exchange platform kyc with a gambling live casino kyc I will say that exchange platform kyc is more of important than gambling site verification because exchange you don't want to verify who you are and what kind of transactions you do if your document is from original source then your account will be granted what do you offer changing it amount you needed to exchange, but casino is just it's like verification to make a withdrawal for a platform

I'd agree they aren't the same. I just think that KuCoin is the best of the exchanges as far as KYC. With casinos, people are brainwashed into thinking that they should hand over KYC. It doesn't matter how much you win at a Las Vegas casino in blackjack, craps, baccarat and roulette, you don't have to give them any information.

[mak013]

And with big money KYC mostly helps you and defends you.

KYC is introduced to help the casino stay out of trouble with the authority and to prevent them from supporting online theft.

As i answered @Cling18 - you everyday give your personal data to different companies that sometimes being hacked, but no one speaks about it - everyone talks about KYC.

No, people do talk about it, and if not the OP of this thread won't have asked the question. I guess people seem to accept the fact that KYC will come into the picture when cryptocurrency gets more exposure.
Having said that, doing KYC is not the problem but user private data falling into the wrong hand is the major problem, and my advice to people is that if they must do KYC it must be with a reputable casino with good history.

KYC will be in all this things that are near cryptocurrencies - casinos, exchanges, marketplaces, etc. This is reality and we have to deal with it. It works in real life business and soon in the cryptocurrencies will be the same. The casino without KYC will mean that we can`t trust them.
Private data can become a problem even when you use trusted reputable casino. But this the same with the common business - hackers can get your private data in both choices.

[suzanne5223]

KYC will be in all this things that are near cryptocurrencies - casinos, exchanges, marketplaces, etc. This is reality and we have to deal with it. It works in real life business and soon in the cryptocurrencies will be the same. The casino without KYC will mean that we can`t trust them.
Private data can become a problem even when you use trusted reputable casino. But this the same with the common business - hackers can get your private data in both choices.

In the future, not all casinos or marketplace will implement the KYC/AML and it doesn't mean either that every casino, marketplace, or store that didn't implement KYC shouldn't be trusted but people have to do research about the casino, marketplace, and store they wanted to use. Mind you, there's a casino on this forum that also implemented KYC, and everybody that participated in their campaign is red-tagged.

About privacy data being a problem if private information of users gets stolen by a hacker, this can be minimized if people can maintain the KYC tier level in which only their residing information is needed to perform the KYC.

[GigaBit]

Looking for more crypto casino options,used to play on stake but had kyc asked over,is there any that has absolutely 0% chance of that being asked ?

ps: if you are a winning player (i know its rare or impossible) or won a big jackpot on any crypto casino, i would like some tips if you can,i can pay for your time,my telegram is @ ellieljonzz

I'm afraid I can't name any casinos that don't require KYC, but I can assure you that I respect your desire for privacy and that KYC is only used by licensed casinos. So, even if you win more money, I doubt you'll be compensated on the unregulated ones.

I wish you luck in your search for reputable companies that do not require KYC.

If you are going to be a professional player and playing a large amount of money then you must do KYC. This is a rule because the government can ask for your information at any time. If you get a jackpot, you may have to pay percentage of your wining money to the government. This is no need for a ordinary player. There are also some other reasons why investors may take KYC.

Your information may not be secure unless you must join a good platform before playing casino. Now a days people always try to be free that is why they are not willing to provide their personal information in any casino platform.

[TimeTeller]

KYC will be in all this things that are near cryptocurrencies - casinos, exchanges, marketplaces, etc. This is reality and we have to deal with it. It works in real life business and soon in the cryptocurrencies will be the same. The casino without KYC will mean that we can`t trust them.
Private data can become a problem even when you use trusted reputable casino. But this the same with the common business - hackers can get your private data in both choices.

In the future, not all casinos or marketplace will implement the KYC/AML and it doesn't mean either that every casino, marketplace, or store that didn't implement KYC shouldn't be trusted but people have to do research about the casino, marketplace, and store they wanted to use. Mind you, there's a casino on this forum that also implemented KYC, and everybody that participated in their campaign is red-tagged.

About privacy data being a problem if private information of users gets stolen by a hacker, this can be minimized if people can maintain the KYC tier level in which only their residing information is needed to perform the KYC.

There are big casinos in this forum that don't require KYC to their small time players.
But it doesn't mean, they are not trusted. It depends on how they build their credibility in this community.
There are even several long-time casinos here which are not yet licensed, and yet, they have loyal patrons that are continuously playing.
But if you do happen to submit KYC to a casino, better make it worth your risk and you have done your homework.

[tabas]

But its understandable right? As you said mostly when there is sudden changes in the activity of an account will trigger the security system of a casino which may put the account on hold until the further process comes officially,

Yes, understandable. As they're also just following the head for the rules set to them to ask their players for verifications. It's the same as the exchanges, the mandatory verification and compliance for the kyc.

yes its bit annoying but also it can save someone's money if the account accessed without authorisation from the actual user.

True. If ever there's an unauthorized login and access from someone that the database isn't recognized, the alarm will be triggered and they have to halt any transaction from that access.

[Rating Place]

KYC will be in all this things that are near cryptocurrencies - casinos, exchanges, marketplaces, etc. This is reality and we have to deal with it. It works in real life business and soon in the cryptocurrencies will be the same. The casino without KYC will mean that we can`t trust them.
Private data can become a problem even when you use trusted reputable casino. But this the same with the common business - hackers can get your private data in both choices.

In the future, not all casinos or marketplace will implement the KYC/AML and it doesn't mean either that every casino, marketplace, or store that didn't implement KYC shouldn't be trusted but people have to do research about the casino, marketplace, and store they wanted to use. Mind you, there's a casino on this forum that also implemented KYC, and everybody that participated in their campaign is red-tagged.

About privacy data being a problem if private information of users gets stolen by a hacker, this can be minimized if people can maintain the KYC tier level in which only their residing information is needed to perform the KYC.

There are big casinos in this forum that don't require KYC to their small time players.
But it doesn't mean, they are not trusted. It depends on how they build their credibility in this community.
There are even several long-time casinos here which are not yet licensed, and yet, they have loyal patrons that are continuously playing.
But if you do happen to submit KYC to a casino, better make it worth your risk and you have done your homework.

That's a really good post TimeTeller. I'd rather play at a casino with no license and a 5 year history without problems than a new book with a license. Having a license is no big deal. Giving out your name, address, phone number, passport and selfie can be a big deal.

[lienfaye]

I'd rather play at a casino with no license and a 5 year history without problems than a new book with a license. Having a license is no big deal. Giving out your name, address, phone number, passport and selfie can be a big deal.

Well, it takes time to build a good reputation. Having a license doesnt guarantee that casinos can be trusted and unlikely to turn shady as time goes by. Its just one of the criteria in choosing where casinos to play.

Thats why its a must to conduct a research on where casino to play. Its a big deal to give out your personal information since worse scenario can happen. Thus we need to make sure that the casino is trusted by many gamblers. Its a plus point if this particular casino is existing for years already and has no bad record.

[Rating Place]

I'd rather play at a casino with no license and a 5 year history without problems than a new book with a license. Having a license is no big deal. Giving out your name, address, phone number, passport and selfie can be a big deal.

Well, it takes time to build a good reputation. Having a license doesnt guarantee that casinos can be trusted and unlikely to turn shady as time goes by. Its just one of the criteria in choosing where casinos to play.

Thats why its a must to conduct a research on where casino to play. Its a big deal to give out your personal information since worse scenario can happen. Thus we need to make sure that the casino is trusted by many gamblers. Its a plus point if this particular casino is existing for years already and has no bad record.

I'm much more familiar with sportsbooks. Here's a list of F rated casinos. Many had licenses and stole player's funds.

"F" rated books or out of business
1x2coinsportsbook (2018)
Ball2Win
Betbit
BetCas
betking.io sportsbook closed Nov. 2018.
Betlake.com
betmatch.io closed 2018.
Betraft.com
Betroar.io (2020)
BetVIP
Bitbook
Bitbm
Bitcoinsport
Bitcoinlivebets
Bitcoinrush.io
Bitgame.online (2017)
bitsport.bet
Blockbet
BTCBonusBook (2015).
Casinoco (2015).
Coinbet
Coindrafts (2014)
Cryptobet.com (2020)
Dimecrypto.eu
DirectBet
Ghostbook (TOR)
Gobetgo (2013)
Jetwin.ps
Kawbet.com (2020)
Malubit (2019)
Match365
Powerbet (2016)
Sportbet.im
StakeBTC
Webetcoins
webet7.com

https://bitcointalk.org/index.php?topic=717790.0

[traderethereum]

I'd rather play at a casino with no license and a 5 year history without problems than a new book with a license. Having a license is no big deal. Giving out your name, address, phone number, passport and selfie can be a big deal.

Well, it takes time to build a good reputation. Having a license doesnt guarantee that casinos can be trusted and unlikely to turn shady as time goes by. Its just one of the criteria in choosing where casinos to play.

Thats why its a must to conduct a research on where casino to play. Its a big deal to give out your personal information since worse scenario can happen. Thus we need to make sure that the casino is trusted by many gamblers. Its a plus point if this particular casino is existing for years already and has no bad record.

The license gives members confidence that the casino is registered with a regulatory body so that we can report it to the regulator if anything happens to the casino or our account.
So by playing at the casino, it is hoped that we will not have problems in the future even though it does not provide a guarantee.
But indeed, before providing our documents for verification, we need to do some research so we don't choose to play at the wrong casino.
In addition, we are lucky to have already a list of casinos that we can use as a place to play gambling and become our favorite gambling.

[Shinpako09]

Nothing is wrong with crypto casinos having KYC as long as the site is reputable and does have a license. You don't need to worry about your information being leaked. The security is even tighter compared to social media where you update almost all your information about yourself. So why bothered about KYC in crypto casinos.

In addition, you don't need to ask for strategies with those lucky gamblers. They are using same strategy with those losers out there. It's just they have more luck, better balance and balls.

[Peanutswar]

I'd rather play at a casino with no license and a 5 year history without problems than a new book with a license. Having a license is no big deal. Giving out your name, address, phone number, passport and selfie can be a big deal.

Well, it takes time to build a good reputation. Having a license doesnt guarantee that casinos can be trusted and unlikely to turn shady as time goes by. Its just one of the criteria in choosing where casinos to play.

Thats why its a must to conduct a research on where casino to play. Its a big deal to give out your personal information since worse scenario can happen. Thus we need to make sure that the casino is trusted by many gamblers. Its a plus point if this particular casino is existing for years already and has no bad record.

The license gives members confidence that the casino is registered with a regulatory body so that we can report it to the regulator if anything happens to the casino or our account.
So by playing at the casino, it is hoped that we will not have problems in the future even though it does not provide a guarantee.
But indeed, before providing our documents for verification, we need to do some research so we don't choose to play at the wrong casino.
In addition, we are lucky to have already a list of casinos that we can use as a place to play gambling and become our favorite gambling.

For me having a gambling platform license is one of the reasons why we should trust the gambling platform because by this the players have an assurance to get back with those gambling if they got scammed of those platforms. Also without a gambling license is a risk because anytime soon once they got enough funds they can get back and shut down their platform easily but tons of assets came from their players. Still its players preferences and risks of it.

[Rating Place]

I'd rather play at a casino with no license and a 5 year history without problems than a new book with a license. Having a license is no big deal. Giving out your name, address, phone number, passport and selfie can be a big deal.

Well, it takes time to build a good reputation. Having a license doesnt guarantee that casinos can be trusted and unlikely to turn shady as time goes by. Its just one of the criteria in choosing where casinos to play.

Thats why its a must to conduct a research on where casino to play. Its a big deal to give out your personal information since worse scenario can happen. Thus we need to make sure that the casino is trusted by many gamblers. Its a plus point if this particular casino is existing for years already and has no bad record.

The license gives members confidence that the casino is registered with a regulatory body so that we can report it to the regulator if anything happens to the casino or our account.
So by playing at the casino, it is hoped that we will not have problems in the future even though it does not provide a guarantee.
But indeed, before providing our documents for verification, we need to do some research so we don't choose to play at the wrong casino.
In addition, we are lucky to have already a list of casinos that we can use as a place to play gambling and become our favorite gambling.

For me having a gambling platform license is one of the reasons why we should trust the gambling platform because by this the players have an assurance to get back with those gambling if they got scammed of those platforms. Also without a gambling license is a risk because anytime soon once they got enough funds they can get back and shut down their platform easily but tons of assets came from their players. Still its players preferences and risks of it.

How many times does a governing body rule in favor of the player? Almost never. Gambling commissions aren't there to help players, they are set up to make money off the casinos. If you want help, get it from BCT, other forums or sites such as Ask Gamblers.

[wiss19]

This is the truth these days. Before, we saw those casinos that were okay with no compliance prior to KYC. But today is different, everyone will be subject to it especially if you've got huge withdrawals and they'll have to ask you those certain information that they need to verify you as the genuine owner of that account and as well as them complying to their rules of operation. We'll never see today a casino that don't have the rules about questioning a user for kyc suddenly or the rights to ask the user a kyc.

But its understandable right? As you said mostly when there is sudden changes in the activity of an account will trigger the security system of a casino which may put the account on hold until the further process comes officially, yes its bit annoying but also it can save someone's money if the account accessed without authorisation from the actual user.

If I recall I experience this on an exchange after I changed my password the withdrawals are then paused for some hours it only sucks though because I urgently needed the fund that day but what can I do? It didn't come to my mind that I will contact their support to make an exemption to my account and to fasten the waiting time.

If this occurs to a gambling site I think I will feel the same, I'll be disappointed and bored if this happens after I deposit my funds because I can't play gambling since my funds are frozen. Maybe they can make this feature optional and not mandatory since many of us know what we are dealing with. Our accounts will be just fine.

[Cookdata]

Not all the times if they  do ask out for some verification do pertains about verifying about the age of a certain big winner which some of them are just trying to get hold and trying not to give out such win which is

 That's right,
 so if it is about age they let so childs under the age of majority put money by playing until they win ??

Age play a major role for casino to demand for KYC from a player, most of the regulatory compliance casinos must comply with the under-age gambling prohibition law that state that one must be above 🔞 to gamble. But aside from that money laundering is another factor that motivates casino sites to demand KYC. So if one is not ready to face all this kyc demand you have to limit yourself to playing only in casinos that do not demand identity verification.

As much as I do see this Anti-money laundering fighting and underage restriction, I feel it is just a measure for those who are not too exposed to the internet because KYC can be manipulated, People buy these documents online to do whatever they need to do online. We have also seen where the platform shifted from its purpose and been used for money laundering instead of users themselves and in return, they get a share from the people they offered such services, they wouldn't say it out to the public but codedly happens inside.

[suzanne5223]

KYC will be in all this things that are near cryptocurrencies - casinos, exchanges, marketplaces, etc. This is reality and we have to deal with it. It works in real life business and soon in the cryptocurrencies will be the same. The casino without KYC will mean that we can`t trust them.
Private data can become a problem even when you use trusted reputable casino. But this the same with the common business - hackers can get your private data in both choices.

In the future, not all casinos or marketplace will implement the KYC/AML and it doesn't mean either that every casino, marketplace, or store that didn't implement KYC shouldn't be trusted but people have to do research about the casino, marketplace, and store they wanted to use. Mind you, there's a casino on this forum that also implemented KYC, and everybody that participated in their campaign is red-tagged.

About privacy data being a problem if private information of users gets stolen by a hacker, this can be minimized if people can maintain the KYC tier level in which only their residing information is needed to perform the KYC.

There are big casinos in this forum that don't require KYC to their small time players.
But it doesn't mean, they are not trusted. It depends on how they build their credibility in this community.
There are even several long-time casinos here which are not yet licensed, and yet, they have loyal patrons that are continuously playing.
But if you do happen to submit KYC to a casino, better make it worth your risk and you have done your homework.

That's a really good post TimeTeller. I'd rather play at a casino with no license and a 5 year history without problems than a new book with a license. Having a license is no big deal. Giving out your name, address, phone number, passport and selfie can be a big deal.

@TimeTeller, You totally understand my point but I believe all gamblers don't have the same viewpoint and we have some who didn't care about going through KYC. What I believe thats important now is people make sure the casino they are going to use is worth the trust giving their private information because a lot of no KYC casinos are implementing KYC this day.
@Peeps Place, just read what I said above because as crypto get more exposure the lawmaker will focus more on crypto gambling site.