Zero KYC tolerance gambling platforms

[notblox1]

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?

You can't be using many gambling websites without verification forever, and if you win big amount of money all the time, than you are probably going to be asked to verify.
For me best casino I know is Sportsbet for betting on sport events, but you have to accept risk with all gambling websites you are using.
I had bad experience with fortunejack so I don't recommend them because they can ask verification for withdrawing low amount of coins.
If you want to be totally sure than you can create p2p betting system with your friends or in forum using trusted third member as escrow.

[Fivestar4everMVP]

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.

I personally used to be so interested in casinos with zero KYC policies, but after several experiences with different casinos on what I explained above, I simply gave up, right now, the wisest thing to do (which I've done) is to look for a casino with good reputation, pass kyc verification and start playing there, atleast, with a reputable casino, a user is 70 ot 80 percent sure his or her documents are safe   that the documents won't be sold out to third parties for monetary gains, which is what some small casinos do with their customers kyc documents.

[DoublerHunter]

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 tested that the most successful gambling casinos were centralized gambling casinos which they are obeying which jurisdiction they have been registered. KYC has a good impact on any financial institution, it lessens all kinds of cybercrime because of this KYC procedure, no more abusing alt accounts, no more money laundering and even scamming other players, because your real identity has been exposed, and anytime you can trace.
However, we have still a lot of decentralized gambling casinos, but choose only those that give transparency which is publicly seen to easy to verify others.

[makishart]

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?

Basically, it's not so important if you were only using small amounts for that but since if you are using big amounts of money for that and the platform may need to know the source from the platform. I think that some platforms have been mentioning this rule in their website too. I meant they must be compliance with the regulation sometimes. The only problem when platform was using this power to abuse its users. I meant after its users win lots of money and they unable to withdraw it due to the strict KYC requirement.

[ralle14]

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's one way for them to detect multi accounts so it's still important even though it's related to the regulations. Nitrobetting doesn't require KYC but I haven't tried their gambling site yet since I couldn't access their site these past several weeks. This thread might also help since both of you asked the same question and are looking for gambling sites without KYC.

[BobK71]

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?

Basically, it's not so important if you were only using small amounts for that but since if you are using big amounts of money for that and the platform may need to know the source from the platform. I think that some platforms have been mentioning this rule in their website too. I meant they must be compliance with the regulation sometimes. The only problem when platform was using this power to abuse its users. I meant after its users win lots of money and they unable to withdraw it due to the strict KYC requirement.

KYC is not much of an issue for gamblers who are betting with small amounts. But when a gambler gambles with large amounts, he has to compulsorily do KYC. It is not an issue of any casino authority it can be said to be a law of the government of that country. But some online casinos rules the rules so that a gambler can gamble without KYC.

[bittraffic]

A lot of casinos don't ask KYC unless you are a high roller. If you don't wanna test every casino for thier TOS, you can just search each casino whether they have had KYC issues before. You'd be more confident to bet on those with no issues and scam accusations. The best that you can do if you are just protecting your identity I think is just don't deposit a huge amount.

[lienfaye]

Casinos are implementing it for the benefit of both parties. It will a good way to control money laundering because casinos are protecting their reputation against scammers and launderers. We might doubt it since we're going to provide our personal details but it will help us have assurance when it comes to security. It could stop illegal activities as well.

Thats true. Many casinos are still not asking for kyc if you're just an average gambler. Often, it's for whale gamblers who are using huge money to gamble and they're strict when it comes withdrawal. Expect for a verification if you exceeds the certain limit, hence gamblers must be prepared for this scenario to happen. Casinos need to abide the law of the Government to operate legally, as you have pointed out, this is for the benefit of the casino and the gamblers.

[Obari]

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?

I see no reason why anyone with clear intentions, should be running away from KYC especially on a reputable platform, expect your intentions aren't genuine enough. Most sites which has to do with money most times gets to ask for KYC to avoid malicious activities and criminality on its sites. But There are other sites that wouldn't ask fo KYC initially for some little deposit but as time goes on, and your balance increases, there might be restrictions on your account which might require KYC.

[ethereumhunter]

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?

I see no reason why anyone with clear intentions, should be running away from KYC especially on a reputable platform, expect your intentions aren't genuine enough. Most sites which has to do with money most times gets to ask for KYC to avoid malicious activities and criminality on its sites. But There are other sites that wouldn't ask fo KYC initially for some little deposit but as time goes on, and your balance increases, there might be restrictions on your account which might require KYC.

I think it's because we as crypto gamblers, want to hide in gambling without having to reveal our identity, even to the casino. That's why many crypto gambling players are always looking for casinos that don't have strict regulations on KYC. But now that the government has started interacting with gambling businesses and license holders are also telling casinos to KYC their users, I think it will be difficult for crypto gamblers to hide. Sooner or later, we all have to comply but that doesn't mean that casinos without KYC or not having strict regulations will disappear because there will be casinos like that because they understand the desires of crypto gamblers.

[BobK71]

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?

Basically, it's not so important if you were only using small amounts for that but since if you are using big amounts of money for that and the platform may need to know the source from the platform. I think that some platforms have been mentioning this rule in their website too. I meant they must be compliance with the regulation sometimes. The only problem when platform was using this power to abuse its users. I meant after its users win lots of money and they unable to withdraw it due to the strict KYC requirement.

I am in favor of doing KYC on gambling. It's good to do it. However, the importance of the KYC is made on a scam site can bring the danger. Those who do not impose obligation to do the KYC do not usually follow the rules of casino or gambling platform. Which can have a negative impact in some cases.

[goldkingcoiner]

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?

While there are non-KYC online gambling casinos which have provably fair decentralized protocols handling the chain. So this way there is no third party present and gambling regulations take a dive into a grey area. But nobody can guarantee that you will not lose your money due to a hack or something.

That being said, the KYC not only protects the online casino but also you, in the case that something goes wrong or your money goes missing. You can prove that money belonged to you and the centralized casino will be responsible, legally, for paying you back.

But reality is often different. So you need to understand that both options have risks and choose the best option for you.

[Johnyz]

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?

Regulations are the best reason why they slowly implementing KYC on their platform. A site might be ok not to put any KYC at first but upon reading most of the terms and conditions, they are requiring KYC if you are going to transact big money with them and that is because of the regulations and protection for the site itself. KYC slowly becoming one of the requirement, better to learn how to deal with it.

[OgNasty]

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?

I think that pretty much every industry would rather not have to deal with regulations if given the choice. It takes their time and costs them money to develop solutions. Not to mention additional staff to enforce these solutions. So I doubt they do it because they like to go through additional steps to run their businesses. You have to be legal if you want to stay in business though, so it is what it is.

[Slow death]

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

From what I understand companies that handle customer money are forced by governments to require customers to KYC to make it easier to prevent customers from laundering money, but what I wonder is if governments do inspections on these exchanges or casinos. So that I really know if the casino or exchange is complying with KYC or not. this is a question i have been asking myself

Where can one gamble with zero verification requirements?

 

nowadays thinking that you are going to create an account at a casino and they will not ask you for KYC even if the casino is not asking for KYC at the time of creating an account and they would only ask if they detect any suspicious activity and it is a mistake to relax and think that you will not do KYC, whenever you create an account at the casino you have to be prepared to do KYC

[DoublerHunter]

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?

I think that pretty much every industry would rather not have to deal with regulations if given the choice. It takes their time and costs them money to develop solutions. Not to mention additional staff to enforce these solutions. So I doubt they do it because they like to go through additional steps to run their businesses. You have to be legal if you want to stay in business though, so it is what it is.

^Definitely right and legalities are the most successful business now in any business field.
If you want to stay in that business in a legal way, it is a part now to have a KYC to follow in which jurisdiction you become legal. Let us accept the fact that from now on, KYC or centralized gambling asks for KYC and we have nothing to do with this. All we have to do is to pick a gambling casino that has a reputation where we can entrust our personal information.

[Hamphser]

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?

I think that pretty much every industry would rather not have to deal with regulations if given the choice. It takes their time and costs them money to develop solutions. Not to mention additional staff to enforce these solutions. So I doubt they do it because they like to go through additional steps to run their businesses. You have to be legal if you want to stay in business though, so it is what it is.

^Definitely right and legalities are the most successful business now in any business field.
If you want to stay in that business in a legal way, it is a part now to have a KYC to follow in which jurisdiction you become legal. Let us accept the fact that from now on, KYC or centralized gambling asks for KYC and we have nothing to do with this. All we have to do is to pick a gambling casino that has a reputation where we can entrust our personal information.

Once you do sent out your information or docs on a certain platform then you should had accepted the risk involved for possible exploits and exposure of those information throughout the net.

It might not happen precisely but we know that odds or chances is there which i cant really blame out other people on not to mind off about these particular scenarios or conditions.

KYC is already been turn out to be a standard procedure.Any business been built would really be subjective on regulation which simply means that they are following
certain rules which they do really need to apply out.

[danadc]

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?

I think that pretty much every industry would rather not have to deal with regulations if given the choice. It takes their time and costs them money to develop solutions. Not to mention additional staff to enforce these solutions. So I doubt they do it because they like to go through additional steps to run their businesses. You have to be legal if you want to stay in business though, so it is what it is.

I also think the same thing, what can refute a good gaming platform is the annoying KYC, and if any casino gets rid of that annoying thing, it would be almost a feat, but seeing how the whole trend is going in casinos, regulations, new rules, the acceptance of crypto in the world will be something very difficult to do, thanks to such regulations is that we can say that a casino that has few rules due to its KYC is really almost impossible, I trust the casinos that have more reputation , but it scares me to trust casinos that are new and that can make a scam from one moment to another and keep my data.

[wxa7115]

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?

Casinos especially those which have a good reputation to uphold most likely will ask for your information at some point in time if you bet enough money on their platform.

I know that many people are not really happy about this as they were used to gamble anonymously for years in this market, but things are changing and this is a trend I do not think it is going to be reversed any time soon, and we do not really have any other option but to adapt to it.

[Poker Player]

Casinos especially those which have a good reputation to uphold most likely will ask for your information at some point in time if you bet enough money on their platform.

I know that many people are not really happy about this as they were used to gamble anonymously for years in this market, but things are changing and this is a trend I do not think it is going to be reversed any time soon, and we do not really have any other option but to adapt to it.

Reversed? Well, I think it will be exactly the opposite. As the years go by, casinos that do not require KYC will be reduced to a minimum, if not disappear altogether.

We come from a time when Bitcoin and cryptocurrency casinos were like the Wild West, but as civilization progresses, there is more control.