Do You Want KYC at Crypto Casinos During Registration?

[virasisog]

Actually, I don't like having a KYC casino because of course each of us information is confidential and it is really important it can be use in different ways if we share those or have an exploit with the user's information, but some of the gambling casinos right now are requiring having a level 1 verification such as basic information and the active email for the recovery, most of the time KYC just asking if the player makes a huge withdrawal and the casino sees those as a suspicious activity that's why they ask a KYC,

As much as possible, most of us don't want a KYC since we want to protect our identities. We prefer anonymity for our personal security. It's just so disappointing that they would ask KYC before deposit and withdrawal which is quite surprising for their users who don't want to reveal their identities. If I were to choose, I would rather have submitted the KYC requirements during the registration than in the middle of the transaction. At least I know what to expect from the beginning of the registration period.

[panjul07]

Voted for the 2nd option as I will not even register in a casino where KYC is required on registration.
As a small gambler which means that the chance to win huge amount is also small, it does not worth to share my personal document in online casino but it can be something worth if it is asked when I made a huge win so I may consider to pass KYC if I think it is worth for me.

[Findingnemo]

I believe many problems and misunderstandings wouldn’t happen if crypto casinos were transparent and upfront with their players from the start.

You wouldn’t be banned because you were gambling from a restricted location only after you win. That is if the casino had checked this and informed you that you aren’t allowed to gamble there the moment you tried to register. Your withdrawal request wouldn’t have been rejected because you are underage if the casino verified your legal age during your first deposit or before that.

The way the system is set up now, you are welcome to deposit and lose, but please don’t win. Because if you do, you could be thoroughly investigated.

Most casinos are being transparent but in the way they are like each and every website, service platform all over the internet which comes under Terms and Conditions, but most likely people simply ignore to read them while registering and start accusing the casinos when their account put on hold for KYC verification.

Yes, it may look like casinos doesn't care unless the player win big which can be partially true to be frank but their are liable to everything which is happening in their platform for their laws so it is necessary to make it clear there is no kind of money laundering via their platform that is why mostly KYC has been asked at the time of withdrawals. But me I would rather to take KYC with basic information while registering instead of pseudo no KYC policy.

[Pmalek]

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.

I will put it this way. If you are playing at one site, and that platform meets all your personal requirements and has been proven to be trustworthy, there is no need to search for new casinos and risk getting involved with one that isn't up to par with the one you are already using. I wouldn't personally do it, not even with pocket change. Not if I am satisfied with what I have elsewhere.

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.

Sounds to me like you are a better fit for the 3rd option and someone who would rather lose their money than perform identity verification. If you get asked for KYC, will you do it nor not?

...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.

The ToS of these sites are usually very vague and don't offer a lot of information when it comes to KYC. It's usually the standard: we can ask you to verify your identity at any time, and you are obliged to do so. The reasons to why they ask it is also debatable. They don't tell you what you did up front. They will tell you to undergo KYC if you want to be able to withdraw your money, and then it's possible you will be told you broke their TOS after you do it. 

[minime0105]

Majority of the gamblers have got used to it. Maybe one out of hundred makes a big win in gambling. So, this hasn't turned to be a big issue among the gamblers. In simple terms people have used to it. Majority have small wins and that doesn't require any KYC for the withdrawal. KYC at the time of registration will be a big blow to the gambling house, because gamblers prefer to stay anonymous.

Actually to make a gamblling site to be standard without the customers having issues of withdrawal, i think it's good to have KYC registration as same, but many of the gamblers when you eye out the ideas of KYC some many of them doesn't welcome such but knowing that KYC for the safety of their own protection, myself if have the requirements of what a particular platforms demands for KYC verification, i will not hesitate to bring for process of my KYC to be done, because KYC is merely for our interest.

[Mahdirakib]

I avoid those casinos who request for level 1 KYC verification during registration. And I don't like to go through the KYC verification process if a casino ask it without any proper reason. I will leave the withdrawal amount without going through the KYC process if the amount is small. But I will go through the KYC process if a casino ask me to do it for a large withdrawal. Therefore, I will only do it if I win plenty of amount. I have made a few thousand dollars withdrawal several times from some casinos and those casinos never asked me to go through the KYC process.

BTW, Recently I have gone through the KYC process at a casino for a small withdrawal. The casino blocked my withdrawal on May month and requested for my personal documents. I have denied the process for a long time. But I have done it yesterday to prove my transparency in gambling in front of some forum members.

[Adbitco]

First and foremost I really want to appreciate you for bringing this topic on to discussion as a matter fact, KYC that kyc this have really gain attention and is now a common thing among crypto casino's nowadays.
Speaking from the dept of my heart, I don't really know where and how this kyc of a thing is now a major target to clients that are really succeeding or winning in crypto casino before it wasn't this common and compulsory & Mandatory to clients to undergo after you make a big win.

From my point of view I have seen most casinos or gambling are now trying to use kyc compliance to steal or locked up funds., I.e, they are now using it as an excuse to avoid paying their users their winning amount or even to enable with heavy amount of money from their gambling site. Yes we all know that most of the gambling site have no funds and can not afford to pay huge amount of money to those who won big in their casinos, why not they are being transparent enough to inform users the maximum amount they can pay per every winning or per users among the platform multiple by total users who placed a bet in their platform to be at safer side instead to toiled around with people's funds and finding fault from kyc documents, using it as a means of excuses just to skip users from withdrawing their funds.

For me I would preferred passing kyc before placing my bet so to avoid any stories that touches the heart rather than just skipping the kyc because I truly know at the end it would still results of asking users to passed kyc before they could make withdrawal to me and from my point of view and assessment it's a deliberate acts, and from now I think they should change such attitudes. Otherwise they could list the country which they are not operating with, I meant the restricted countries. This would also give the users a mind set that my country is not allowed to gamble or place a bet in this and if anyone who is from the restricted country signed up instantly such account should be blocked immediately or should be frozen and should not allowed to make any deposits or during their kyc assessment such account should be deleted immediately before causing further damages to the user.

I think I will rest my case here.
Thank you sir for this wonderful topic at least this thread can be a life changing to any upcoming crypto casino site. Maybe from now they could make an adjustment towards the kyc compliance.

[Cryptomiles1]

It would be ideal kyc is being scrap away, there is no anonymity anymore since they tend of asking our kyc details in every gambling website and I have seen it to be a routine which is not meant to be so. Kyc is not what users should just give away their details because we care about our privacy.

[TheGreatPython]

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?

Crypto casinos shouldn't brand themselves as a no KYC casino if they will be asking it later on. That was misleading and it can affect them in a negative way but they rather say that KYC is non-mandatory and there is a possibility that it will be asked later on depending on the size of the amount the gambler is dealing with or depending on the status of their account like if they have done some violations or their accounts are tagged as suspicious.

If I were to choose I would rather be required to do the KYC during the sign-up process and I will think twice if I will do it or not. Sometimes I can do it if I think the casino is trusted enough.

[acroman08]

Sounds to me like you are a better fit for the 3rd option and someone who would rather lose their money than perform identity verification. If you get asked for KYC, will you do it nor not?

now that you mention it, it does sound like that, but I guess the reason why I chose option 2 is that I have a limit on how much I am willing to lose just to avoid KYC. if the amount is worth enough for me, I'd have no problem giving personal information if it was requested during withdrawal.

[xSkylarx]

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.

It would be better to only ask for KYC during withdrawals. Not all players will deposit immediately a huge amount when trying a new gambling website. Most of them just want to explore and see if the platform offers a feature that can only be found on that particular website. We can't also assure if their platform is proven to be a reputable one so completing the KYC immediately is kinda risky for me.

[Quidat]

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.

It would be better to only ask for KYC during withdrawals. Not all players will deposit immediately a huge amount when trying a new gambling website. Most of them just want to explore and see if the platform offers a feature that can only be found on that particular website. We can't also assure if their platform is proven to be a reputable one so completing the KYC immediately is kinda risky for me.

We do have different criterias and impressions on the time we do tend to play on a site and this is will really be depending or varying on someones or personal preferences.
KYC is highly frowned upon which means that whenever we do encounter new gambling sites or casinos then if they do ask out kyc when you do register then its a huge turn-off.
It would definitely fails on getting users out of this forum.They might get on other places or sources but not into this forum where people or gamblers here
do really give out importance when it comes to anonymity.

[Fundamentals Of]

For me I think I would never register in a crypto gambling site that asks for KYC upon registration. That's not an option. For as long as there are crypto gambling sites out there that do not ask for KYC upon registration, I would only be choosing from among them.

I wouldn't also be sacrificing my money just to avoid KYC. But it also depends on how much. If it's a significant amount, I will comply. If it's not, I'd rather forget about it.

So the best option for me is to leave the possibility there. If I'm lucky to win jackpot or a big amount, then I would submit myself for KYC.

But if possible, let's just do away with KYC.

[traderethereum]

It would be ideal kyc is being scrap away, there is no anonymity anymore since they tend of asking our kyc details in every gambling website and I have seen it to be a routine which is not meant to be so. Kyc is not what users should just give away their details because we care about our privacy.

Indeed, in a crypto casino, there should be no KYC, but with the intervention of the regulator, in this case, the government, the casino must follow the rules made by them if they want to continue to run their business.
This is intended to avoid any illegal activities in casinos because it involves many gamblers money.
The government and the casinos wanted to know who used big money and where they came from so in the end, the casinos implemented KYC.
In the future, there will probably be no more anonymity for gamblers, even if they play in crypto casinos that are supposed to be anonymous.

[Hispo]

In my opinion the 2th option is the best way in the current state of the community of Bitcoin.
Many have already explained that having KYC during registration would drive them away from the casino, but I would also like to offer the perspective of personal cyber security, the possibility of a leak of our personal data increases with the number of platforms we sign up and it also happens with casinos.

Assuming KYC during registration became the norm, it would mean people would need to hand over their information to any new service they wanted to try for the first time, in a relatively short time span one's personal information would be in the hand of a lot of casinos, many of them with not the best security, leading to leaks, possible fishing campaigns, even extortion, etc.

So even though the second option also has cons, it is matter of casinos being transparent and allowing their lucky players to withdraw their winnings with fair and reasonable KYC.

[inanilujimi]

I'm used to doing kyc when registering a casino, so far my data is still safe, I personally prefer them to tell from the start than having to do kyc when making large withdrawals because it can be complicated by various ways the casino can suspend withdrawal of our money.

[Pmalek]

I must say that my answers to the above poll are two, but the OP does not allow that. I would have loved to choose both "Complete KYC during the registration and leave the possibility of being asked for KYC when requesting withdrawals or after big wins" because some casinos are tricky and annoying, thinking they are smart. Some would tell you from the beginning to complete your KYC, which is more proper, but most would lure you into gambling without a KYC but forced it on you after a small or big win.

If a players has any uncertainty about the integrity of a particular platform, they should just stay as far away from it as possible. Judging by your answer, I would say you are a better fit for answer #1. You would rather be told you need to undergo KYC before your gambling activities with a casino even begin. If that were the case, and you knew exactly what to expect, there wouldn't be any surprises later on down the road if you win some significant amounts of money. 

If the casino ask the user KYC upon registration, it will make the user feel uncomfortable since they're don't know how trustworthy the casino is.

Why would you even play at such a site if you don't think you can trust them? 

I would rather to complete my KYC if I win a huge money, because before I gamble, I already aware they have a mandatory KYC rule. It's different if I play on KYC free casino, there's no chance I will get asked to provide KYC.

You are not going to find many of those around. In the future, there will be even fewer left. All licensed casinos that don't require KYC at sign-up still have the right to ask you to do it at any point. Just go through the ToS of those you play at now and you should see that rule. No KYC casinos should be renamed to no KYC right now, maybe later.

I mean, what if I just want to try and play on the platform for experimental purposes, in this case, I don't want to go to any trouble of providing my information as I will just be there once.

In that case, some casinos offer fun mode, demo modes of their games, or fun money that you can use to try them out without depositing your own coins.

[Solosanz]

Why would you even play at such a site if you don't think you can trust them?  

New casinos usually have an interesting promotion that you wouldn't see on old and trustworthy casino, some gamblers taking their risk to gamble on there in order to get a money from the promotion. They will do anything including give their KYC to the casino.

You are not going to find many of those around. In the future, there will be even fewer left. All licensed casinos that don't require KYC at sign-up still have the right to ask you to do it at any point. Just go through the ToS of those you play at now and you should see that rule. No KYC casinos should be renamed to no KYC right now, maybe later.

I'm very aware with that, not like most people.

I consider a mandatory KYC casino is a casino who mention KYC requirement on their TOS, even though you can deposit, play and withdraw your money without submitted your KYC right now.

When I said No KYC casino, it's a casino that doesn't mention KYC requirement on their TOS and they're unlicensed casino. Go check in this thread [1] You will see there's few casinos that doesn't have any KYC rule.

[1] https://bitcointalk.org/index.php?topic=5381143.0

[dothebeats]

Basic info during registration is okay, but it's better if they ask it after I won something because frankly, what risk is it for the casino to create my account save for it just taking up space in their servers? Not much for them to just accept the registration with blank KYC even after I deposited something. They can choose to hold my withdrawals for KYC compliance, and that I wouldn't complain since they have the right to do so aa they are mandated by the gov't to comply with KYC.

Also, most casinos don't ask much KYC after withdraws anyway. They only ask so much if something irregular is happening with the account, and it rarely happens.

[judeafante]

Now that Cryptocurrency is already in the gambling industry, and the gambling industry has adopted anonymity its time that we adhere to anonymity, the casinos also have a responsibility to their license issuer and the countries where they accept members, so I prefer to do KYC when withdrawing a considerable amount, the casinos have an obligation that they only accept players at the right age and that their players can show that their location is not in the restricted countries.