Zero KYC tolerance gambling platforms

[Mr. Magkaisa]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

  - If there are online cryptocurrency gambling sites that ask for KYC, I think they do it for the security of their players' assets and to prevent multiple accounts. And besides, I also think that gambling platforms with KYC requirements are safer compared to those without KYC requirements, I will repeat that this is just my own opinion, I don't know about others here.

Although, there are others who don't ask for KYC but it is safe anyway, just that the risk is higher compared to centralized cryptocurrency casinos.

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[Jawhead999]

KYC verification is pointless since there's a people who can create fake KYC or using someone KYC. Most casinos who ask KYC is a licensed casino which mean they need to follow the regulations, while unlicensed casino it's up to them for ask KYC or not.

If you want to gamble with zero chance of being asked to provide KYC, it's Freebitco.in since there's no rule if they will ask your KYC in any cases. If you're broke their rules, they just simply terminated your account.

[coinerer]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Must of the successful casino platform is centralized platform and all centralized platform always keep kyc verification system to avoid many illegal work like Money laundering. so you will not found any Zero kyc site. But many site can give you some facilities like you can use there platform without kyc with low deposit but if you want to use high deposit and withdraw then you must complete  kyc.

[Daltonik]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

It is clear that mandatory KYC at first glance somewhat repels players, but on closer examination, if you are a law-abiding and honest player, then KYC for you can be a kind of guarantee in case of disputes with a gambling platform, which an online casino excluding KYC cannot guarantee.

[_BlackStar]

There are a few reasons why, from money laundering to age verification to prevention of multiple accounts to other probable reasons. The most important one though as to why they need to implement KYC is the country in which they're registered since each country has a specific law or rule about casinos, KYC being one of them. It's also the reason why some countries can't access some casinos, it's simply part of their law. Afaik it also considers the law about gambling that the user is under in.

I think money laundering, age restriction, multiple accounts and some other violations are the reasons why KYC on gambling platforms is implemented. After all it is a rule that casinos may have to comply with when they wish to apply for a license to operate in a country. KYC is great to prevent abuse, but certainly not for those who prioritize privacy.

Some casinos don't require KYC, but some do. Here's a thread with a big list of casinos that indicate whether they have KYC or not
https://bitcointalk.org/index.php?topic=5381143.0

Thanks for this.

[piebeyb]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule?

obviously it is very important and it seems that almost all gambling sites on average use KYC, especially if you do play with big money and want to make a deposit or withdraw big money of course you have to do KYC on the gambling site, all of that to prevent money laundering, but maybe if you really want to try a gambling site without kYC it doesn't seem like a safe and official gambling site in my opinion, so you should use a gambling site that is official and really safe and reliable, you may need to visit the gambling site that I use in my signature

[crwth]

To operate in different countries, you need to abide by the rules, and depending on the crypto regulations, of course, it would be dependent if they would impose the ruling on KYC. I think it’s better to legitimately go to the regulated one so that you could prevent future problems with a clearing where you got that money or anything related to that.

[rhomelmabini]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Nowadays we've seen gambling websites issuing KYC on their platforms but it has something to do within the country jurisdiction they are into, they're just following rules and regulations. There are still plenty of gambling sites that offers few requirements but saying zero means that will be too rare to find these days wherein there's no verification requirements with even just SMS's OTP or other similar stuffs.

[avikz]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

There are multiple websites available where you wouldn't require KYC to play and win. However, every online casino has a tolerance limit. If you play and win within their tolerance limit, you should not have any problem. However, if you suddenly win a huge amount of money, they may ask for KYC documents. Even reputable casino does this to comply with local money laundering law. So having KYC requirement is not always bad. However, if you gamble with a small amount of money, then no casino should have a problem and they will never ask for KYC. Stay active in this gambling forum and you will understand which casinos are good and which casinos are problematic.

[Haunebu]

There are many threads available to answer this particular query op. Coming to your question, very few crypto gambling sites are strictly zero KYC platforms who actually enforce it without any sort of bullshit whatsoever.

Some examples that come to my mind are betting exchanges like Fairlay, sportsbooks like Sportsbet.io etc. These recommendations are solely based on my experience with them.

[YOSHIE]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Some crypto casinos KYC are required, some other casinos KYC are not required, there are also crypto casinos that require KYC when withdrawals are outside of their rules, for example: withdrawal max $10k without kyc but the user wants to withdraw money/crypto above $10k, most likely kyc is required to prevent things that are not wanted or harm one party or both parties.

For this reason, KYC verification is important or not depending on the rules of the online casino, but you can still choose the two options and make it easier for you to gamble, in this forum there are casinos that don't need kyc only you use Authenticator (2FA) only, without kyc, the choice is yours, definitely kyc or not, if not sure about kyc, choose an online casino that uses the (2FA) method, nothing compel.

[darkangel11]

It's not that important for a casino because it can scare some clients away. It's important for the governments and if a casino wants to be registered in a certain country it has to be compliant with the laws.
So it's a ladder where those above demand something from those below and the lower you are the more risk you take. A business owner has to comply with the law and is going to be checked by the government, but you, the end user, is the one that is risking identity theft.

[capedbaldy]

There are multiple websites available where you wouldn't require KYC to play and win. However, every online casino has a tolerance limit. If you play and win within their tolerance limit, you should not have any problem. However, if you suddenly win a huge amount of money, they may ask for KYC documents. Even reputable casino does this to comply with local money laundering law. So having KYC requirement is not always bad. However, if you gamble with a small amount of money, then no casino should have a problem and they will never ask for KYC. Stay active in this gambling forum and you will understand which casinos are good and which casinos are problematic.

Casinos ask users for KYC in certain cases if we withdraw funds beyond the tolerance limit and suspicious account activity to the point of potentially having to complete KYC for account verification, I agree that the top casinos promoted in the forums still have a withdrawal tolerance limit so we don't have to worry about verification KYC because we can still gamble at the casino without worrying about completing KYC.

[stomachgrowls]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

When you are licensed or being regulated then expect that casino platforms would be asking verification or KYC but there are ones who doesnt impose it strictly which does simply means that you could play without any

problems or verifications as long you arent doing something shady which would poke out their security measures.But on the time that you are already making out deposits then this is where verification do happens.Why?

Since these platforms are regulated then of course government or regulators do always monitor out when it comes to money laundering.This had always be the main reason
on speaking or talking about KYC requirement.

[Fortify]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Essentially it is less about knowing the casino is safe and more about understanding that KYC generally symbolizes that the owners live in jurisdictions which might start to pursue them if things end up badly. It should not be relied on by itself and you should definitely get a "feel" for whether the process is being handled in the most professional manner, because you are essentially handing over very sensitive and important copies of documents that could be used to commit fraud against you if falling into the wrong hands. I actually feel safer going through such a process, as long as everything else about the gambling site fits - but it's something you only get a feel for after quite a bit of practice.

[khaled0111]

It's a rather common hoax, but in reality this has nothing to do with regulation otherwise they would require it for every customers like exchanges are doing, and casinos without KYC wouldn't exist.

I beg to differ. I believe we all remember when binance (since you mentioned exchanges as example) used to let their customers use their services without identity verification as long as they don't withdraw more than 1btc/day, if memory serves me well. This changed when binance become more popular. It's just a matter of time before all crypto casinos start enforcing kyc, too.
But I agree with the second part of your comment. Most of them use this kyc thing to scam their customers.

[Fivestar4everMVP]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Most gambling casinos require users passing KYC just to comply with regulations laws as well as protect their platform and their users from money launders.

There are currently many casinos that will claim to be a zero KYC casino, but I will advice you not to trust any of them as they can ask a user to pass kyc verification at any given point, most especially when the user wins or tries to withdraw a significant amount of money, so better take note of this and always have your documents ready for such circumstances.

[Little_Sister]

Most gambling casinos require users passing KYC just to comply with regulations laws as well as protect their platform and their users from money launders.

There are currently many casinos that will claim to be a zero KYC casino, but I will advice you not to trust any of them as they can ask a user to pass kyc verification at any given point, most especially when the user wins or tries to withdraw a significant amount of money, so better take note of this and always have your documents ready for such circumstances.

We don't need to look for other alternative casinos even though they offer zero KYC but they end up also requiring users to KYC verification. In addition, new casinos are at high risk because they do not yet have the reputation and trust of the community, so the factors are asset freezing, unfair gambling, unfriendly, etc. So there is no reason for new casino options to avoid KYC.

[South Park]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

This is not something that most casinos would have liked to implement but since those are the regulations passed by the governments then they will under some circumstances ask for your information, in fact there has been cases of casinos which claimed they will not ever ask for any kind of verification but eventually they gave up and they now ask for that information, so unfortunately I think we are slowly reaching the point in which it is impossible to gamble in this market without identifying yourself.

[TimeTeller]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

This is not something that most casinos would have liked to implement but since those are the regulations passed by the governments then they will under some circumstances ask for your information, in fact there has been cases of casinos which claimed they will not ever ask for any kind of verification but eventually they gave up and they now ask for that information, so unfortunately I think we are slowly reaching the point in which it is impossible to gamble in this market without identifying yourself.

Expect this to most gambling sites with gaming license.
However, some of these licensed casinos are not asking their players' their kyc if you are a small roller.
Some of them are stating in their ToS that if your deposit is below $2k, they won't ask KYC.
But if you have big winnings, expect that they may require you to submit your docs before withdrawal.
Non-licensed casinos usually don't ask KYC, but the possibility of being screwed is always there.
So it is your choice if you want to play in a trustworthy casino or not.