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Author Topic: Reasons why people avoid KYC in gambling casino ?  (Read 1579 times)
dothebeats
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June 30, 2022, 04:31:22 PM
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 #21

It's because:

1. It is not really necessary until you hit a jackpot.
2. Lots of instances wherein services and platforms sell personal information on black markets.
3. Doesn't really affect your profile on platforms you submit KYC to.

I could think a lot of reasons why lots of gamblers don't really want to submit their info to these platforms, but these are just some off the top of my head. I mean, we're in a cryptocurrency industry. Most of the things here are pseudoanonymous. Platforms can track if one person creates lots of accounts to cheat the system through several methods and not only relying on submitted KYC. I just don't get it.

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June 30, 2022, 04:34:07 PM
 #22

It's been observed that gamblers prefer to play on casino which do not enforce KYC.
so long as there as are casino's that offer their services  without KYC verification, gamblers will always flock towards those because there is a high level of mistrust amongst gamblers for casino's that ask for KYC . People are very uncertain what these casino's what to do with their data and cannot trust them enough with the safety of your private information especially since their motives are uncertain.

The intention is to just gamble, not to introduce yourself to casino before you can use their services, this is suspicious...and as long as there are options that bypasses kYC, people will choose it.

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June 30, 2022, 04:36:09 PM
 #23

The main reasons are privacy and security. People dont like sending their documents to other sites that can always takes advantage of your documents. Also some people dont like sending documents because some countries can find out about their wins and tax their winnings

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June 30, 2022, 04:58:05 PM
 #24

Aside from what the others have said, the process of creating an account is much faster and there are gamblers that prefer quick account creations so they could play and place their bets immediately. It's also because there's barely much difference when it comes to the gambling experience as you'll find non KYC casinos offer several games from third party providers. The usual downsides of casinos without KYC are the bonuses and other rewards which doesn't mean much compared to the value of your personal information.

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June 30, 2022, 05:06:39 PM
 #25

It's been observed that gamblers prefer to play on casino which do not enforce KYC. Well, let's discuss what are the main reasons that they do not want to show their identity and gamble anonymously.

They don't trust the casino as the casino might misuse the kyc documents or the gamblers want to gamble without telling anyone that they are the gamblers,  gambling is illegal in their region or religion and they want to hide their identity or there could be any other solid reason?

It's only for crypto-based gambling casinos as fiat casinos already have that mandatory requirement for a long period of time.

Simply, why people don't prefer KYC is because we are in the crypto-world where supposedly we can gamble anonymously and privately. These characteristics are some of the best reasons why others shift or consider playing at crypto-based gambling casinos.

Personally, for me, I don't mind undergoing a KYC but as much as possible, crypto-gambling sites shouldn't have that requirement.

Someday centralization will hit crypto casinos too so be ready for that requirement.

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June 30, 2022, 05:28:43 PM
 #26

It's been observed that gamblers prefer to play on casino which do not enforce KYC. Well, let's discuss what are the main reasons that they do not want to show their identity and gamble anonymously.

They don't trust the casino as the casino might misuse the kyc documents or the gamblers want to gamble without telling anyone that they are the gamblers,  gambling is illegal in their region or religion and they want to hide their identity or there could be any other solid reason?


That's why I avoid fiat based online casinos that require KYC requirements, we agree for classic reasons. (privacy) not all online gambling sites can be trusted, even very possible and potentially misuse of documents for the benefit and benefit of irresponsible parties. Even most of us don't know if gambling is licensed and provides full consumer protection rights as a guarantee from KYC, I don't think so.
maybe the whole community here is not willing to do KYC.

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June 30, 2022, 06:23:06 PM
 #27

It's been observed that gamblers prefer to play on casino which do not enforce KYC. Well, let's discuss what are the main reasons that they do not want to show their identity and gamble anonymously.

They don't trust the casino as the casino might misuse the kyc documents or the gamblers want to gamble without telling anyone that they are the gamblers,  gambling is illegal in their region or religion and they want to hide their identity or there could be any other solid reason?
I will not now consider kyc from the position of unreliable storage, theft or sale of information obtained during this procedure. Although this is a very painful and important topic regarding kyc, but I will leave it for now for discussion by the rest of this forum members.

For me personally, it has always been too lazy to go through the kyc procedure, upload documents and confirm that I am me. If I came to gamble, then there is no need for the casino to create extra steps to achieve my goal. The faster and easier I could start playing, the more I liked a particular casino. This is where the "shut up delete kyc and take my money" meme fits in perfectly. The fewer actions (mouse clicks) required to start the game, the better.

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June 30, 2022, 06:30:22 PM
 #28

Not just in gambling, but I think it's a good idea to avoid KYC whenever possible.  This is because you can't always trust the entity you're providing your info to keep it safe.  Just yesterday OpenSea had a leak of data and compromised the email addresses of their users.  Credit card companies are often hacked and lose your data, which can include social security and credit card numbers.  Sure, sometimes you have to provide KYC, but if you don't have to, avoiding it is probably the safest thing you can do.  Earlier this month I had my credit card information stolen from a vendor (I use virtual credit card numbers so I know who gave out my info) and there's really no recourse except to go through the steps to get your money back.  Even the thieves know if they spend less than $500 per transaction then the cops won't even follow up.

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June 30, 2022, 06:54:53 PM
 #29

Aside from what the others have said, the process of creating an account is much faster and there are gamblers that prefer quick account creations so they could play and place their bets immediately. It's also because there's barely much difference when it comes to the gambling experience as you'll find non KYC casinos offer several games from third party providers. The usual downsides of casinos without KYC are the bonuses and other rewards which doesn't mean much compared to the value of your personal information.
Yes, in my case that is why I avoid KYC casinos. It takes time to take pictures of your documents, and then a selfie to send the casino. And even after doing this you must still wait few days until receiving a reply, with some chances of having your informations denied, so you have to do the whole process once again.
It really doesn't make sense to have to do this, since you can simply find an alternative crypto casino to play instead where you deposit, play and withdraw instantly.

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June 30, 2022, 06:57:32 PM
 #30

Like or not.

KYC will be needed, however don't mind to share my "ID" as long the reason is valid. But, most the time because we're winning to much they're using this scheme for holding our money. KYC is also to identified you're 18+ enough for playing in casino.

So yeah, you like it or not still need to do "KYC" as long the reason is valid.

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June 30, 2022, 07:12:43 PM
 #31

Can we really avoid KYC in a casino?  For example, if you won a jackpot of $1M  and the Casino required you to undergo KYC for whatever reason, would you succumb to their request? 

Anyway, I think trust is one of the top issues why many of us avoid KYC on a gambling platform.   Most of us can't hand over our identity documents because we think that the casino security isn't tight enough to safeguard our data.  If we happen to build our trust with that casino's security, I bet no one of us will have a second thought about proceeding with KYC.  Since many of us never hesitate to submit our data to banks, why we can't do that to a Casino?

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June 30, 2022, 07:13:32 PM
 #32

Like or not.

KYC will be needed, however don't mind to share my "ID" as long the reason is valid. But, most the time because we're winning to much they're using this scheme for holding our money. KYC is also to identified you're 18+ enough for playing in casino.

So yeah, you like it or not still need to do "KYC" as long the reason is valid.
We dont really have actually the choice if ever they would really be tending to ask for that whether its needed initially or on the time you do win big.Its not really that a big problem if you are dealing with
a legit or known platforms but we know that everything cant really be trusted even if it seems that they are.So expect that you would be potentially asked out and just like others said that i dont really mind
much but there are people who do really mind about their identity so its up to your whether you do proceed or do look for another place but expect that it is subjected to change
so you cant really avoid on that if ever they would tend to do so.

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June 30, 2022, 07:38:58 PM
 #33

It's been observed that gamblers prefer to play on casino which do not enforce KYC. Well, let's discuss what are the main reasons that they do not want to show their identity and gamble anonymously.

They don't trust the casino as the casino might misuse the kyc documents or the gamblers want to gamble without telling anyone that they are the gamblers,  gambling is illegal in their region or religion and they want to hide their identity or there could be any other solid reason?
Crypto has taken people's attention so quickly because it is decentralized. Crypto casino is the same no exception. Gambling is not allowed in many countries. There is also to be socially degraded. Moreover, the big thing is that there is a risk of security about their information, although good casinos do not usually do this. However, people's lack of faith is still on it. I think those are the key facts due to avoiding kyc in the casino site.

A gambler always try to keep themselves safe.

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June 30, 2022, 07:50:06 PM
 #34

Your reasons are very appropriate for me personally, I don't want public to know that I am a gambler. Anonymously is the only way for me to gamble, about my family also hide my gambling activities, but not everything is hidden. Families should know a little for learning and experience, KYC documents are too difficult to do it for me because yeah sometimes worry about being misused or any data leaking out.

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June 30, 2022, 09:53:02 PM
 #35

Your reasons are very appropriate for me personally, I don't want public to know that I am a gambler. Anonymously is the only way for me to gamble, about my family also hide my gambling activities, but not everything is hidden. Families should know a little for learning and experience, KYC documents are too difficult to do it for me because yeah sometimes worry about being misused or any data leaking out.
The common things on why people doesnt really like KYc is that they are afraid for those informations to leaked out or be misused on other means which is something true because  even myself wont really be that comfrotable when i do know that my information is really out there been stored and you dont know the risk whether its been safe or not but just like whats been said bby other people that as long you do know that you arent doing something stupid then i dont really see for someone who would really be that too paranoid when it comes to their information that had been given on any platform thats been asking for it but actually this is just a personal kind of choice because there are some who could really able to bare such risk and there are some people who cant just able to accept it.

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June 30, 2022, 10:02:13 PM
 #36

It's been observed that gamblers prefer to play on casino which do not enforce KYC. Well, let's discuss what are the main reasons that they do not want to show their identity and gamble anonymously.

They don't trust the casino as the casino might misuse the kyc documents or the gamblers want to gamble without telling anyone that they are the gamblers,  gambling is illegal in their region or religion and they want to hide their identity or there could be any other solid reason?

For something that will harm your reputation because the society where you are in does not accept people who are into gambling even if you're doing it for fun, you'll want your information kept secret, and our sensitive information is not something to be given away on a project be it casino or investment project without a guaranty that it will not be exploited used and abuse, this is the internet, casinos come and go and you are left hanging with the question how about my information if the casino is not accessible anymore.
Will you spend money just to go after the casino and make them delete your information?
Keeping your information on the internet is always safe that is why Crypto casinos are now more popular than fiat-based casinos.


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June 30, 2022, 10:12:03 PM
 #37

Your reasons are very appropriate for me personally, I don't want public to know that I am a gambler. Anonymously is the only way for me to gamble, about my family also hide my gambling activities, but not everything is hidden. Families should know a little for learning and experience, KYC documents are too difficult to do it for me because yeah sometimes worry about being misused or any data leaking out.
The common things on why people doesnt really like KYc is that they are afraid for those informations to leaked out or be misused on other means which is something true because  even myself wont really be that comfrotable when i do know that my information is really out there been stored and you dont know the risk whether its been safe or not but just like whats been said bby other people that as long you do know that you arent doing something stupid then i dont really see for someone who would really be that too paranoid when it comes to their information that had been given on any platform thats been asking for it but actually this is just a personal kind of choice because there are some who could really able to bare such risk and there are some people who cant just able to accept it.

This is why as much as possible limit the exposure of your vital information.
Just submit your KYC docs if it is necessary and you feel that you have the advantage of doing so.
Because we really have no idea where will this will end up with, we are just hoping that it won't be on the hands of fraudsters.
Also, the reason I don't want to submit KYC is as much as possible I want to keep my privacy in this business.
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June 30, 2022, 10:12:45 PM
 #38

It's been observed that gamblers prefer to play on casino which do not enforce KYC. Well, let's discuss what are the main reasons that they do not want to show their identity and gamble anonymously.

They don't trust the casino as the casino might misuse the kyc documents or the gamblers want to gamble without telling anyone that they are the gamblers,  gambling is illegal in their region or religion and they want to hide their identity or there could be any other solid reason?

In my own opinion, I don't like anything that requires KYC, it only makes me suspicious and always doubt that they might use my credentials or my info somewhere else, though I only give my KYC to the website that has a good reputation, but in gambling casino I had never try to do that since casinos doesn't require that so much.
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June 30, 2022, 10:16:22 PM
 #39

1. It is not really necessary until you hit a jackpot.
2. Lots of instances wherein services and platforms sell personal information on black markets.
3. Doesn't really affect your profile on platforms you submit KYC to.
Right, so firstly I'd somewhat agree with your first point. I guess KYC is used to determine if the user is legitimate, and in a fiat gambling website it almost makes sense, since you can somewhat do a background check if you suspect they're laundering money on your platform. I do somewhat get that, but ultimately there's better ways than a gambling site, so I never really got that argument when it's presented.

Secondly, honestly the only counter argument I have to this is if you don't trust the company to hold your personal information, you probably shouldn't be using their platform at all. Since, they might screw you in other ways, but also could be collecting information without you knowing, and cross checking it with information they've got from elsewhere.

I'm not too sure what you mean with your last point?
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June 30, 2022, 10:47:14 PM
 #40

I do not see anything wrong with gambling sites requesting KYC from their customers, since the points at which the KYC is demanded are clear and are based on some number of factors. KYC will reduce the rate of child gambling since the age of the player will be known through the documents submitted. And KYC also limits money laundering activities through gambling if KYC demands are within this range then I will say it is a win-win situation since it is aimed at making it impossible for a criminal to access the gambling under a fake identity
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