ScamViruS
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August 26, 2022, 06:47:44 PM |
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We don't want to give out our personal information to any casino but in most cases gamblers are forced to do kyc. Completing kyc is not a problem if the casino is reputable, although gamblers are reluctant to provide the information. Casinos say they are paying more attention to kyc to prevent crimes like money laundering. On the other hand, if a user is considered suspicious, the casino may ask for kyc. Gamblers should therefore be limited to reputable casinos, as your personal information may be sold by dishonest casinos.
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electronicash
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August 26, 2022, 06:51:04 PM |
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its going to be mandatory soon. i've seen today that Fortunejack asked KYC to someone who wanted to withdraw $400 worth of TRX. its not really a huge amount but once upon a time we thought casinos will only ask KYC when funds to be withdrawn is huge enough. while what FJ did was fair enough to prevent this user from withdrawing his funds because he seem to be lying, its still going to make casino players terrified that it may also happen to them. just like in binance where i'm already verified yet was asked again to verify over again is just scary.
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PX-Z
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August 26, 2022, 07:05:51 PM |
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Is this unavoidable in crypto based casinos? Or are crypto gamblers also required to do KYC? If so, crypto can't be as anonymous as it used to be because we realize that today's governments have gone too far in controlling a person's identity and what they use the internet for.
This due to having a casino license as a business that make them require KYC to comply for the authority. If casino will avoid having a license, KYC might not be required. But this will have lots of cons to the business. Example, when a new unlicensed casino/gambling website opens an ANN here, people will comment always here "why you don't have a license?" If you're serious to your business you should have a license blablabla" that means people here loves submitting KYC and ofc, centralized casino. People always argue that having license is equal to a safe casino. Which also means, providing KYC is equal to a safe casino. Yet later on they will also the one commenting "why casinos most are KYC-required?" See?. Although this might not always be the case, unlicensed casino might still ask KYC for a reason like making excuses to withdraw user's withdrawal requests and etc. which is an indicator that this casino is a shitty one.
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milewilda
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August 26, 2022, 08:09:37 PM |
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its going to be mandatory soon. i've seen today that Fortunejack asked KYC to someone who wanted to withdraw $400 worth of TRX. its not really a huge amount but once upon a time we thought casinos will only ask KYC when funds to be withdrawn is huge enough. while what FJ did was fair enough to prevent this user from withdrawing his funds because he seem to be lying, its still going to make casino players terrified that it may also happen to them. just like in binance where i'm already verified yet was asked again to verify over again is just scary. I had already been anticipating for these things to come soon which it is already that expected that these platforms specially regulated ones would really be making out such changes and adjustments and since they are licensed then what should we expect? Of course they would really needing up to comply for their business to continue to run and planning or tending to go against with it will definitely affect out your business or would really be on a big problem.Majority of people now do really look for a platform which does have licenses which it would really be that a big thing for them to have since we know that having a license is a must and whatever things that need for them to comply then they would do it and it will surely be applied into the casino.
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sunsilk
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August 26, 2022, 09:06:46 PM |
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You can't avoid it.
Just embrace that fact because the casinos will just have to do what's necessary. Well, for some new casinos, they might not ask you for kyc because they have just started out.
But eventually, they'll be asking you next with it when the implementation is with them and you just can't skip that when you're the one being asked with.
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goaldigger
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August 26, 2022, 09:08:50 PM |
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Regulations are getting more strict, those top sites works hard to get the license to operate and in order for them to continue in operation, they have no choice but to comply with the regulation and that’s why KYC are slowly becoming the top requirement for you to gamble.
Though many site still offer a KYC services by of course it’s clear on their terms and conditions that it can still be asked later on, so technically KYC requirement is there and waiting for you to hit a higher level so the site can ask you with KYC, this is becoming unavoidable.
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Kelvinid
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August 26, 2022, 09:13:19 PM |
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The rise of KYC in many casinos, even in well-known and reputable casinos, makes many gamblers feel that their playing time is almost over because those who previously did not need to do KYC are now forced to do KYC.
I'd certainly see that KYC becomes an issue in most gambling sites and has probably been opposed by many players. I'd see this will have an impact on the gambling business and lessen the number of players but as long as they will understand that situation and make know the reason why and they will still turn back and play again. In fact, some known casinos are already doing this, especially those that have huge withdrawals and I think it was still acceptable as this KYC also is referring to the security of our account.
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Mate2237
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August 26, 2022, 09:26:47 PM |
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Please some should explain KYC in detail for me. I am trying to understand the acronyms but I can't. I even checked google search to find out the full meaning of the abbreviation but what I see there is more confusing. I saw this "KNOW YOUR CUSTOMER" (KYC). https://www.electronicid.eu/en/blog/post/kyc-know-your-customer-means/en. That is why I want someone to explain it to me.
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johhnyUA
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Crypto for the Crypto Throne!
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August 26, 2022, 09:31:13 PM |
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The casino argues that the selection of KYC for users is random and not based on anything. This is ofc pure bs. Due to international AML/KYC standard, all services is required to have all it's customers with KYC. No exceptions. This also seems to be the case in crypto-based casinos as many of the casinos that previously didn't require KYC now do KYC randomly. And many of us complain about this, even though we know that casinos have written about KYC in their regulations. But still, we can't be free and calm in playing gambling, especially to withdraw the money. Because crypto world become more and more regulated, so I don't see any weird things. Casinos will do "random" KYC until ALL users in their database will be KYC-ed. Is this unavoidable in crypto based casinos? Or are crypto gamblers also required to do KYC? No, it's not avoidable in this circumstances. Do KYC or do not play. Or choose newly created casinos without reputation but also without need to do KYC (until some time) And will this trigger crypto-based casinos that use wallet logins to develop better because they don't need to register as usual and only need to connect their wallets to the casino? Or do they also need to do KYC? Or for this type of casino can still be "forced" to do KYC?
I assume that such casinos have logs with all your connections, like wallet connected + your IP + fingerprint of your browser. It's even better than ordinary KYC
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Johnyz
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August 26, 2022, 09:49:10 PM |
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Please some should explain KYC in detail for me. I am trying to understand the acronyms but I can't. I even checked google search to find out the full meaning of the abbreviation but what I see there is more confusing. I saw this "KNOW YOUR CUSTOMER" (KYC). https://www.electronicid.eu/en/blog/post/kyc-know-your-customer-means/en. That is why I want someone to explain it to me. That’s the meaning of KYC, know your customer it means collecting of personal data of your customers so you can track if the source of money came from a good source and of course to know if that customer really met the requirements to play on your site. Many are afraid of this because your data can be used into other purposes and that’s the risk of KYC. Most of the site now are implementing KYC, we’ve seen many news already with this one and I think we are slowly getting ok with this especially me since I can still feel my security and I can say that the gambling site I’m playing with is really safe and entertaining, though higher level of KYC can still be ask for sure and that is because of the regulation.
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fortunecrypto
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August 26, 2022, 09:56:25 PM |
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The rise of KYC in many casinos, even in well-known and reputable casinos, makes many gamblers feel that their playing time is almost over because those who previously did not need to do KYC are now forced to do KYC. It comes to the terms that you sign up with because the terms are in accordance and part of their compliance to their license issuer who adheres to the money laundering policy of the international community this is to make sure that the companies or casinos are not being used by terrorist and money launderer. The casino argues that the selection of KYC for users is random and not based on anything. But still, the gambler who gets his turn to do KYC feels that he doesn't need to do KYC. It's part of the risk you cannot say that you don't need to undergo if you don't want KYC then play on casinos that don't ask you to go KYC but these kinds of casinos do not have a license and there's a risk playing n these casinos, especially if you are a high roller. Is this unavoidable in crypto based casinos? Or are crypto gamblers also required to do KYC? If so, crypto can't be as anonymous as it used to be because we realize that today's governments have gone too far in controlling a person's identity and what they use the internet for. Cryptocurrency casino is an industry and they are under compliance if they don't want to be compliant no domain registrar or web hosting will host them or they will be blocked in many countries, its part of the business and this is to show to the international community that they adhere to the international laws and policy.
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South Park
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August 26, 2022, 10:09:21 PM |
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Please some should explain KYC in detail for me. I am trying to understand the acronyms but I can't. I even checked google search to find out the full meaning of the abbreviation but what I see there is more confusing. I saw this "KNOW YOUR CUSTOMER" (KYC). https://www.electronicid.eu/en/blog/post/kyc-know-your-customer-means/en. That is why I want someone to explain it to me. That’s the meaning of KYC, know your customer it means collecting of personal data of your customers so you can track if the source of money came from a good source and of course to know if that customer really met the requirements to play on your site. Many are afraid of this because your data can be used into other purposes and that’s the risk of KYC. Most of the site now are implementing KYC, we’ve seen many news already with this one and I think we are slowly getting ok with this especially me since I can still feel my security and I can say that the gambling site I’m playing with is really safe and entertaining, though higher level of KYC can still be ask for sure and that is because of the regulation. It is true that things are slowly changing, now more casinos and exchanges are asking for this kind of information and as this market has gained more adoption most of those new people have no problem doing something like this as it is a very common thing to do for them already, however those which have been here for a long time and adopted bitcoin mostly out of ideological concerns are not going to tolerate this, and since they are the ones that have the most bitcoin then casinos will keep appearing which will try to cater to them and refuse to ask for this information.
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Piesel
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August 26, 2022, 10:23:43 PM |
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A time will come we're casinos will ask for KYC out rightly at the point of registration, some are already doing that but in minimal form, and due to laws on their license they most require to verify the identity of the players to prevent abuse on both side, KYC is not out rightly bad idea but then again not everyone is free with giving out the ids or other documents to a third party.
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Vaskiy
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August 26, 2022, 10:27:27 PM |
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To be on the safer side crypto casinos always look for KYC from the users. Same time users doesn't want their identity to be revealed. In another case, more number of gamblers get into cryptocurrency accepted gambling platforms just to stay anonymous. Likewise different users come up with varied needs. So, it is our responsibility to analyse and know which all the platforms providing KYC free access and make use of it.
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DoublerHunter
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August 26, 2022, 10:31:37 PM |
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Regulations are getting more strict, those top sites works hard to get the license to operate and in order for them to continue in operation, they have no choice but to comply with the regulation and that’s why KYC are slowly becoming the top requirement for you to gamble.
Though many site still offer a KYC services by of course it’s clear on their terms and conditions that it can still be asked later on, so technically KYC requirement is there and waiting for you to hit a higher level so the site can ask you with KYC, this is becoming unavoidable.
^ Just because governments fighting this money laundering and once the gambling casino has a license it means they have to follow the government protocol as implemented. But that is definitely right, from time to time this KYC becomes unavoidable because most casinos are required to do this in order for them to operate in any country legally. That is a part of a business now related to finance and gambling was belong to that category.
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crzy
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August 26, 2022, 10:41:05 PM |
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Regulations are getting more strict, those top sites works hard to get the license to operate and in order for them to continue in operation, they have no choice but to comply with the regulation and that’s why KYC are slowly becoming the top requirement for you to gamble.
Though many site still offer a KYC services by of course it’s clear on their terms and conditions that it can still be asked later on, so technically KYC requirement is there and waiting for you to hit a higher level so the site can ask you with KYC, this is becoming unavoidable.
^ Just because governments fighting this money laundering and once the gambling casino has a license it means they have to follow the government protocol as implemented. But that is definitely right, from time to time this KYC becomes unavoidable because most casinos are required to do this in order for them to operate in any country legally. That is a part of a business now related to finance and gambling was belong to that category. The government still have a control over those gambling site, KYC slowly becoming a mandatory and it looks like if you are already playing on that site, you can’t access your account until you comply with the KYC requirement, it’s pretty obvious that it left us with no choice. If you wan’t to be safe from KYC, then choose a site with no license but of course, that could be more risky for you so I’d rather give that KYC form than to fall on a scam project.
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bhooscream
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August 26, 2022, 10:47:11 PM |
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Exactly, in growing days, we can't avoid that many casinos need their users to do KYC to be able todo some certain things on their platform, such as withdrawing funds. Is actually similar to the KYC on exchanges. There are some positive and negative sides to doing KYC. KYC may be used to ensure that the users are really eligible to use the platform based on the country that is not restricted or even the age of the users itself to do gaming on the certain platform. However, KYC commonly needs certain ifnomration. If the KYC only needs email and also name without uploading any ID photo, it doesn't matter because we may use fake identity. BUt if this needs the photo ID, this makes us worried about the security of the data. But, for this ewho don't want to do KYC, commonly they will prefer to move from the platform
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Rating Place
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August 26, 2022, 10:56:43 PM |
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I believe in privacy coins and I believe in many casinos that don't require KYC.
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robelneo
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August 26, 2022, 11:20:57 PM |
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And will this trigger crypto-based casinos that use wallet logins to develop better because they don't need to register as usual and only need to connect their wallets to the casino? Or do they also need to do KYC? Or for this type of casino can still be "forced" to do KYC?
You cannot stop or decline to do a KYC as long as you see a license certificate on the site, license certificate is being issued with all the attachments of compliance on it they are not just certificates or numbers, you cannot run an online business that can generate hundreds of thousands or millions without getting into the radar of the authorities, there's legality that these casinos are adhering, there are casinos that took the risk to not ask KYC, but they are always in the risk of getting shut down and you would not want to play on this kind of casinos if high rollers can do KYC what is it that you cannot when KYC is there to prove individuals are not into illegal activity.
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dothebeats
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August 26, 2022, 11:27:31 PM |
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There are certain regulations that platforms need to comply if they want to keep their business, and even though I think KYC is a lot of bull crap in a lot of ways, it is what the government asks so it is what we 'should' follow. Personally, I can do the bare minimum for KYC and still be able to play because I'm not that big of a gambler. My gambling activities do not put me in a lot of light. I'll do it but that doesn't mean I don't hate it. It's absurd, and should be abolished but hey, the government wants to always know who spend how much on where.
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