Do You Want KYC at Crypto Casinos During Registration?

[AmoreJaz]

Leave the possibility of being asked for KYC when requesting withdrawals or after big wins.

Its always been commonly on-site terms and conditions which they do have the rights on asking out whenever they do see some shady acts.
When you win big then there are casinos which doesn't still ask out for some verification and would withdraw all of the money you do had
without questions asked.We do hate KYC and this is where people dont like and much prefer on having no kyc.

i voted for this option. so it means also that the player should give their true name during registration, so in case they need to submit KYC later on, they won't have any problem. because if your registered name doesn't correspond to your kyc docs, the site may flag it down and that's when you may encounter some trouble. most of the time, you will only play big to one or couple of casinos. but the rest, you mostly likely are in the testing stage so it is not worth to submit kyc upon registration, if you will do this to all casinos you visited.

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[acroman08]

despite issues being avoided if KYC is asked during registration I would still pick the second option. I am a casual gambler and do not gamble a lot of money and I am not comfortable giving out my information for the amount of money I gamble. anyway, if the casino is going to have a mandatory KYC during withdrawal with any amount(which I saw on several casinos that have posted ANN threads here in the forum) they should just ask for KYC during withdrawal.

[aioc]

My question to the Bitcointalk community is this one: if it were up to you, would you keep the current status quo and have crypto casinos brand themselves as no KYC, only to ask for identity verification during withdrawal requests or big wins, or would you rather be required to complete KYC during the registration process and decide there and then whether you want to do that or not?

Please submit your votes in the poll, and share your thoughts below.

I prefer the current status quo I'm a small player and many small players would want their identity to be safe but even small players should be sure that they know the KYC requirement of the casino they are playing so in case they win a big amount of money they will not be in the dark and they don't know how to proceed, be sure to check the history of the casino you're playing how they ask and what they will do with your information.

[Yogee]

It looks like the second option is going to win by a mile.

Some of the recent issues raised by players whose accounts were suspended or banned is why the casinos asking KYC late or why they accepted deposit first before asking KYC. It's actually a good question but I still wouldn't want a casino asking KYC upfront. There are many of us who would want to test a platform first. I don't want to submit my personal information before I'm convinced that I'm going to play there.

[Scripture]

My question to the Bitcointalk community is this one: if it were up to you, would you keep the current status quo and have crypto casinos brand themselves as no KYC, only to ask for identity verification during withdrawal requests or big wins, or would you rather be required to complete KYC during the registration process and decide there and then whether you want to do that or not?

Please submit your votes in the poll, and share your thoughts below.

To avoid any issues in the future better for the site to disclose this right away, require every registration with level 1 KYC and state it on your site so gambler will not be fooled by no KYC statement when in fact, it's actually part of their terms and conditions. I'd rather fill out KYC form than to experience any problem later on, I understand the hassle dealing with the KYC especially if you are about to withdraw some funds. Gamblers will have a different views with regards to this, and that's ok.

[Kemarit]

I will go old fashioned and voted for

I would rather lose all my money than go through KYC.
   
I'm not a big fish in gambling anyway, so why would I go to KYC when I don't win that huge although I bet on different sports. It's just the KYC will be a hassle for the majority of us and hopefully there will still be some casinos that will not require us to send our personal documents just to withdraw 100 dollars.

[Saisher]

Casinos imposed the KYC because of their being compliant in money laundering because money laundering with the use of casinos was and still is very prevalent and of course their rules of not allowing minors to play in their casino and countries where they do not accept players, and it only happens when you put on in a big amount of money, (possible case of money laundering)  and you won a big amount, possibility that you're a minor or you are from a location that they do now allow.

[harizen]

My question to the Bitcointalk community is this one: if it were up to you, would you keep the current status quo and have crypto casinos brand themselves as no KYC, only to ask for identity verification during withdrawal requests or big wins, or would you rather be required to complete KYC during the registration process and decide there and then whether you want to do that or not?

Asking KYC during the registration process in a "crypto-casino" is something that I don't really like. With lots of crypto-gambling sites, complying with KYC at several of those (in case I want to try the platform) is to hassle aside from the fact that I didn't even know if I will keep on playing on that site for long.

I understand that most crypto-gambling sites are now slowly hit by the regulation but as much as possible KYC should just be asked depending on some circumstances and that should be written clearly in the Terms and Conditions, not in the registration process.

[Fivestar4everMVP]

My question to the Bitcointalk community is this one: if it were up to you, would you keep the current status quo and have crypto casinos brand themselves as no KYC, only to ask for identity verification during withdrawal requests or big wins, or would you rather be required to complete KYC during the registration process and decide there and then whether you want to do that or not?

Like I always say, going through document verification has never been my problem as I have no cockroach in my cupboard to hind, however, I understand how important it is to be very careful where or who I submit my personal information do, as to not to end up giving it to the wrong people that will either sell it for their personal gain or use it to commit crimes that will lead the authorities to me.

To answer the question, let's assume the casino in question is a reputable and legitimate company, then I would prefer to complete my kyc verification upon registration, rather than waiting until and win a significant amount of money before they start asking me to pass kyc verification before I can be able to withdraw.

This is why I personally like stake, I passed kyc verification on stake.com the same dey I registered an account, I haven't gambled a dime, now, I am rest assured that if I win a good amount of money in the future, I wouldn't have to go through the stress of passing verification before I can withdraw my money.

[coin-investor]

I prefer the current set up only big winners can be asked by KYC provided that when the player completed and passed the KYC they will get the withdrawals and not take the money hostage because of their KYC, not all who play in casinos can win big prizes, so the majority of players' information is safe, and the majority of gamblers now in this new era of Cryptocurrency gambling prefer to be anonymous that is why they do not hold out when playing in as many casinos as they can pay because they feel safe without these KYC's when in registration stage.

[Yaunfitda]

It's a very tricky question to be honest. Maybe there are still here who prefer no KYC even for large withdrawals. But as others have pointed out, the current regulation and setup are very different as compare to years ago when their is no KYC.

I guess for me, read the TOS first understand. And if you are very ask for KYC for large withdrawals, then I guess you can't do anything about it but to follow because it involved your winning money. Hopefully though those casinos that are asking KYC have secured our documents and there should no event of leakage or something.

So I voted for the second option.

[noormcs5]

But if you start winning and win big, you soon become the center of attention. All of a sudden, it becomes important who you are, where you are from, the origin of your coins, and whether you have any ulterior motives for being here.

I am not in favor of gambling casino making he KYC mandatory and i never want that we have to submit our KYC before playing at any casino but after seeing this situation a number of times, i think we have no option but to perform the kyc at the casino before deposits. This will save us from many things which may occur if we do kyc after we won a big amount.

Sometimes when the casino knows that we have won big amount and completing KYC will make us eligible for the withdraw they do not process our KYC or in some cases rejects the KYC. So if the KYC is done before any such winnings, it will be approved much easily.

[Wexnident]

Most casinos ask for KYC during big wins or withdrawals, which is honestly a pain most of the time so if they'd do that, I'd much rather they do the complete KYC after registration. It just saves the hassle and straight up tells me that I NEED to do KYC to have a smooth sailing experience. Sure, no KYC early on might sound good but if you're planning to stay and play in the casino for a period of time, that idea isn't really for you but rather short-term players.

Ofc as much as possible if there was no KYC involved then yes, it'd be great! But the world ain't as kind as we'd like it to be.

[ralle14]

My question to the Bitcointalk community is this one: if it were up to you, would you keep the current status quo and have crypto casinos brand themselves as no KYC, only to ask for identity verification during withdrawal requests or big wins, or would you rather be required to complete KYC during the registration process and decide there and then whether you want to do that or not?

Please submit your votes in the poll, and share your thoughts below.

I honestly think the current rules they have are good enough for me since most of my big wins aren't big enough to even trigger their KYC. I voted for the third option since doing KYC for me would be the last resort but I think I should've switched my vote to the second option since I still wouldn't mind if they put up a threshold. It'd be great though if we can go back to the old times when casinos barely require any info no matter what but it's unavoidable when there are gamblers that will always look to abuse casinos.

[Poker Player]

My question to the Bitcointalk community is this one: if it were up to you, would you keep the current status quo and have crypto casinos brand themselves as no KYC, only to ask for identity verification during withdrawal requests or big wins, or would you rather be required to complete KYC during the registration process and decide there and then whether you want to do that or not?

In my case I prefer that if they are going to ask for KYC they do it during registration, not after if I have earned a certain amount, and I voted for that option. What happens is that the casinos know that if they implement this measure they would lose a considerable amount of business.

In general, a responsible gambler should read the TOS and know that they can ask for KYC. If you do not like KYC there are still some casinos that have not implemented it, and I say still because I am afraid they will be less and less, in the same way that today they are much less than 5 years ago.

[Pierre 2]

I personally dislike when companies indirectly lie to customers. If KYC is necessary for one specific company/website they should state it directly through main pages of their websites. It can be time waste for people that seek anonymity if they get to point and stuck with KYC at withdrawal page etc. I really hate kyc in overall. Its more easy and advantageous to go through processes with total anonymity.

[bittraffic]

It's kind of deceiving indeed when they say no KYC but will ask one day especially if you are winning or withdrawing a huge amount of winning. But then, either way, the rules are not up to us. If you are going to play, you follow thier rules that's the only way you can play in the casino. The option that we have is to just move to some dapps that are 100% sure not going to ask you data.

[traderethereum]

I chose "Leave the possibility of being asked for KYC when requesting withdrawals or after big wins." because I only play gambling regularly and don't really think about winning or losing.
So if one day I can win a lot of money from gambling and the casino asks me to do KYC when I want to withdraw my winnings, maybe I will.
But I will see first what amount of money I can win so it will be worth doing KYC at the casino.
But I hope the casino won't ask me to do KYC because if they see my gambling journey, I don't use too much money to gamble and my winnings are due to luck that came to me at the right time and place.

[Pmalek]

Some hours ago i was reading in the TOS of a new casino how they ask for pictures of both sides of your credit card as KYC, and that's really dangerous for the users because they are not exposing only their personal information... now they could lose the money from their bank account with carding 

That's just a ridiculous requirement, and what is that supposed to prove anyways? Can the sensitive information (numbers) be blacked out or are they requesting everything to be visible in those screenshots? With that information, they have everything they need to make online purchases using those cards. That fact alone is enough reason to have that casino tagged. Can you tell me which casino that is? I would like to check it out. PM me if you don't want to write about it in public. I could open a thread about it.   

Another things for "KYC" problem: Source of Income & Proof of address in some third country not everyone have this, because most of us, still living in the family. I'm hoping to get a solution for this one, it's make a big problem for some people.

Proof of address is something you will see with traditional fiat casinos as well, and I would say that's a normal thing. Not everyone receives utility bills in their own name. If you live with your parents, for example. everything will be addressed to their names. But this is something that can discussed with the casino support staff. If the surname is the same, it should be ok.

I wouldn't want any KYC at all, but there's no such option in the poll

Sure there is. The last option that says you would rather lose your money and forfeit your wins than undergo KYC.

Most of these complaints are created by users that are using "radar betting" and they don't want go for a KYC.

Sorry, but what is radar betting? I don't remember ever seeing that term before.

In addition to the KYC issues mentioned in your post, I have also noticed the emergence of unlicensed and unregulated online casinos that have KYC requirements in their terms of service. These online casinos have no legal rights to ask for personal information from gamblers.

If there is no regulator that requires them to do that, you are right, they shouldn't have that as part of their rules. But they still need a way to ensure players are not abusing their bonuses or using multiple accounts. KYC is unfortunately the way to do that. They can also use the information to keep a record or banned players.

However, I would like to see casino just asking for it when you reach some threshold on withdrawal. Same on the 2 bitcoin limit on some exchanges that still exist. If it less than let say 1 bitcoin, then there should be no KYC to ask for it's players.

The thing is, players get asked to verify their identities even for small wins on certain casinos for whatever reason. What you are suggesting isn't a bad solution. But like anything, there is a chance for abuse.

I will try to check the other posts and reply to those at a later time. Great responses so far!   

[robelneo]

Based on the poll here and all past issues in the past, the community is more comfortable with the current situation, only asking KYC if you win a big amount, because of this situation, small players which is the majority of players in a casino are safe from KYC, they just want to have fun without compromising their sensitive information, and casinos too can invite a big number of small players, without asking KYC, the casino sum up these small players' bankroll and they are in a big profit.