Zero KYC tolerance gambling platforms

[kotajikikox]

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 I were you mate? best to embrace that KYC thing when you gamble in crypto because this will add security ,and also as Only few legit casino remains that does not implement regulations about KYC as they are required? or they are requiring their players specially when there is a  big withdrawals.

but either way, Best to comply once asked or let your funds be there forever  

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[Lakai01]

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

I can briefly summarize how this works in my country (Central Europe).

As soon as you withdraw the coins (i.e. exchange them for EUR and deposit them at a bank), checks are run for certain amounts, starting at €100 at some banks. The banks want an exact list of where the money comes from and also check this in detail. If a gambling platform appears in the list and does not require KYC, the entire deposit can be blocked, so you can no longer get your money.
By the way, the same can happen to you if you use a mixing service ...

[Peanutswar]

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 I were you mate? best to embrace that KYC thing when you gamble in crypto because this will add security ,and also as Only few legit casino remains that does not implement regulations about KYC as they are required? or they are requiring their players specially when there is a  big withdrawals.

but either way, Best to comply once asked or let your funds be there forever  

Some people want to keep themselves anonymous in playing gambling also personal details now is hard to give due to have different connections into our accounts such as social media, back and etc. that's why some of them would like to prevent playing with KYC but now some of the gambling casino only providing a level 1 KYC so you don't need to submit some of the information can be use, but having a KYC is one of the factor today in terms of having trouble with their account that's why its more convenient to use as verification for the users, to prevent too getting abuse the current system.

[EarnOnVictor]

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.

As much as I love to do my KYC to avoid problems, I still avoid the casinos that would allow me to deposit without it so that they could disturb me later. Such practice annoys me sincerely, and I want you to know that many of them are under jurisdictions where gambling regulations are weak, they only use KYC to cover up. And some only registered without a regulator but still ask for your KYC because they are looking for accounts to block and money to steal, not that they care about any law.

[coin-investor]

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 for regulation and compliance, a casino that is abiding by existing regulations and is compliant with their license is trustworthy and reputable, they ask for KYC so they will not accuse of entertaining money launderers and they respect the laws of every country so they do not accept gamblers from countries where gambling is illegal, you can hardly find one that is KYC tolerance if there is, you have to check their reputation, they cannot be compliant and at the same time reputable and legal.

[akuntester1]

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?

Yes of course, for now the KYC verification process is important in almost all popular gambling sites.
Almost all countries have regulated the KYC process, an important requirement for registration or withdrawal of assets on gambling sites.
As far as I know, the current KYC process is like a standard for gambling sites to make regulations for gamblers or their clients.
In addition to the process of identifying the customer's age and authenticity of identity.
In this digital era they also want to minimize customers who use crypto assets as shields for illicit activities,
such as money laundering, corruption, terrorism financing or other illegal activities.

[nakamura12]

KYC is not very important for gamblers if I say about it but for gambling sites, KYC is very important if they really are following the regulation if they are a licensed gambling site which there is a rule that they had to follow. One of it is avoiding their gambling site to be used as a platform for illegal matters such as money laundering. I am sure that you know that money laundering is illegal which is why they have to implement KYC and required KYC if a gambler withdraw a huge amount of money from their platform.

[WalkerIVIV]

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.

Yeah but they can't stay away from the regulation. I meant they can be taken down anytime as per request by the regulators. There's no choice rather than dealing with it. The fact that if these days people were not having a lot of choice rather than being fully compliant with regulation that already issued by the regulators. I think that the platform understand and that's why they were implementing 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?

If I were you mate? best to embrace that KYC thing when you gamble in crypto because this will add security ,and also as Only few legit casino remains that does not implement regulations about KYC as they are required? or they are requiring their players specially when there is a  big withdrawals.

but either way, Best to comply once asked or let your funds be there forever  

If he played in a trusted casino, maybe doing KYC would be okay and could protect him by providing security for the customers. But I think the situation will be different if he plays in a casino that doesn't know if it's trusted or even if the casino is new because those will have a risk. After all, we have seen many examples of cases.

Yes, maybe it's better to obey the rules of the casino so that it won't give us problems later, especially if we want to withdraw the money.

[Darker45]

KYC verification is very important to crypto gambling sites because their operations depend on it to a certain extent. They are bound to follow the rules which they agree with when they registered and secured their license.

I don't think the same crypto gambling sites would implement KYC if they're not compelled by regulations. While they comply, they're probably hesitant. After all, it is quite ironic for them to ask for personal information when they're involved in crypto.

Anyway, please refer to this very helpful thread by Mahdirakib as regards verification requirements among crypto gambling platforms.

[Webetcoins]

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.

Benefit of the casino only you mean. Money launders can't harm the players inside the gambling site but they can only harm the reputation of the casino and the casino don't want that to happen because that can affect their business.

Scammers can be avoided easily because their tactics are now very common to detect but if there are gamblers who still got scammed then it must be their fault already because they are too dumb or they don't read information online if how to avoid them. Submitting KYC doesn't automatically make you secure. I've seen lots of sites which has a KYC and they still got hacked. It will only add up to the headache of the customer.

[Jemzx00]

KYC verification is very important to crypto gambling sites because their operations depend on it to a certain extent. They are bound to follow the rules which they agree with when they registered and secured their license.

I don't think the same crypto gambling sites would implement KYC if they're not compelled by regulations. While they comply, they're probably hesitant. After all, it is quite ironic for them to ask for personal information when they're involved in crypto.

Anyway, please refer to this very helpful thread by Mahdirakib as regards verification requirements among crypto gambling platforms.

Most crypto gambling casinos out here are really hesitant on asking KYC verification to each and every users they have and some of them have already expressed it on the forum. If I am correct, they rather not proceed with the KYC requirements if they aren't only required to do so for regulations purposes.

This is also why most casino that we visit doesn't require users for KYC verification unless they are required to do so such as possible violation on the platforms. We can also check that thread to know more on when casino are requiring their users to do KYC.

[I794]

http://ltccasino.com/ - no any KYC required, all others casino, if u dep in crypto ask for a lot of docs and source of funds if u got lucky...

[Eureka_07]

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 not one of the cores for casinos, but KYC verifications are important with regulations, usually to avoid money laundering and other illegal activities which possibly uses these kind of platform to move the funds.
Recently, I've seen some new casino who says that they won't have any KYC on their site. I forgot which one. And I wonder how are they doing right now.

[Dunamisx]

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.

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

You've said a very good point here hut nevertheless we cannot overlooked the need for some gamblers to demand for a no KYC casino to gamble, i think this has to do with choice from the gambler's end, if you will consider it that nowadays everyone want to go with casinos that requires no KYC but even those that requires it, that isn't enough to apprehend gambler's abuse on their system or the gambling itself, both the good and the bad has always been in existence right from time.

[erep]

It's not one of the cores for casinos, but KYC verifications are important with regulations, usually to avoid money laundering and other illegal activities which possibly uses these kind of platform to move the funds.
Recently, I've seen some new casino who says that they won't have any KYC on their site. I forgot which one. And I wonder how are they doing right now.

The new casinos seem illegal because they violate government regulations to prevent money laundering and other crimes, the casinos are deliberately promoting to prioritize the anonymity factor to recruit anti-kyc gamblers, so anyone who bets on that platform should be careful because they have an anonymous team who cannot detected if they carry out scammer activity. So the top centralized gambling platforms have KYC request rules but still provide a tolerance limit for low withdrawals without having to KYC.

[serjent05]

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

KYC is both important and at the same time has to do with the regulation rule.  As we know there are lots of bonus and promotion exploiters and KYC is one of the preventive measures of a casino to minimize this kind of cheating.  While the government imposes KYC for AML, casino has comply to have a smooth operation and avoid unnecessary problems regarding the authority regulation. 

Where can one gamble with zero verification requirements?

You can check this article[1] since it states Casino that has no KYC requirement.  Though I am not sure about those casino reputation.  You might want to dig deeper to know the reputation of listed casino stated on the article.


[1] https://casino-howto.com/blog/online-casinos-without-kyc-pros-and-cons/

[X-ray]

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 important for the gambling site to verify your identity once you are winning huge amounts of money. It doens't important for the site if you are only wanna withdrawing small amounts of money. Mostly of gambling sites were not making KYC as main requirement to play in the sites.
The gambling sites will be asking your identity once you have been winning huge amounts of money from playing the game. This makes the thing is very annoying. It's better if the sites were asking KYC first for their users before they wanna try to play in that site.
Some people were feeing how difficult to complete KYC requirements. Some sites were not forcing their users to do KYC but i do believe they will ask this once you have been winning big reward

[ethereumhunter]

If you are afraid of kyc why not go the roadside to gamble instead of afraid of releasing your details. First as an online gambler it's very important you need to pass through kyc for safer reason and I have been always saying about kyc before you going into any site make sure your identity is verified otherwise after big win you might be frustrated to withdraw your funds as most of the service provider (Gambling) site found it difficult to verify account with high wager.

If he can find it, he's lucky. Otherwise, he won't be able to gamble there

In doing KYC, you should choose a reputable casino site and don't randomly choose a casino because not all casinos out there can protect your identity. We have seen cases where irresponsible parties misuse customer data. Therefore, if we are willing to do KYC, we should be on the right casino site so we don't have to worry about anything.

[Saisher]

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?

Because of the regulation rule, KYC has become important for every Crypto casino, it gives them a legal entity to operate online, because of KYC they make their casino safe from money launderers and scammers, and cheaters, it's chaos for casinos if they just let people play without KYC, the authorities will go after them, cheaters, scammers, and money launderers will have a feast day playing on these casinos, so KYC is very important whether you like it or not.