Do You Want KYC at Crypto Casinos During Registration?

[ultrloa]

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.

No one really want to expose their selves by betting small amounts only and I understand how sentiments goes with this since its really unfair in the first place that you have been ask for a KYC while you only deal with small amount of money in casino. I would love to agree with others to execute only the Kyc when winning a huge amount since its understandable that this is part of verification.

[Oshosondy]

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?

This is how gambling sites are, the proper thing to do is to make sure anyone that register completed KYC before they can be able to make use of the gambling site, but all the gambling site will let you deposit, if you win, they ask for KYC. It is just a way that favours gambling site but not the gamblers. This is pertaining to gambling sites that legally registered and have a license, but the governments are unable to mandate the gambling site to let all people that want to use the gambling site to do KYC before gambling, they failed to protect their people from this. That is just the truth.

[EarnOnVictor]

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. Can you decode the psychology behind that? If you can't provide it, you lose your money, while some will reject the KYC many times to frustrate you of not getting your winning or delay it. But they can receive your big deposit without KYC.

[Solosanz]

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. I'd say mandatory KYC rule is make sense since gambler need to observe, play, and withdraw his winning to see how trustworthy the casino is. 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.

[BobK71]

KYC is a great problem for the gamblers. For small transactions i don't think KYC is much needed. KYC should be made mandatory for those willing to gamble with large amounts. When a user registers, he needs to analyze his gambling limit and ‍according to the gambling amount he or she should be asked for KYC. If it is happen with this way then gamblers will be more comfortable.

[Plaguedeath]

Gamble on centralized casinos mean you're already agree if someday the casinos will ask your KYC since it's their right. If they're not ask your KYC during registration and let you deposit until you withdraw your winnings, it's not no KYC casino, but you're just waiting to being asked to provide KYC. Since I know at the end the casino will ask my KYC, I would rather to KYC my account during registration.

Of course you need to KYC on trusted casinos only, don't the unknown and not trusted casinos.

[ethereumhunter]

If I see a casino has implemented KYC at the beginning of registration, I will probably skip it and look for another casino that does not implement KYC. That means I have to reveal my identity at the casino. I'd rather wait for the casino to ask me to KYC the next time I want to withdraw money.

But usually, I will look for information about KYC at the casino before registering to know if the casino applies KYC at the beginning or when we want to withdraw the money. But since I don't spend much money on gambling, I guess the casino won't ask me to do KYC because I'm not a big gambler and they won't check me.

[madnessteat]

In my opinion, if the casino agreement does not say that they have the right to request proof of identity at any time and do it after the user wins a large sum, it is a violation of user rights and I would not advise anyone to play at such gambling sites. And if the casino positioning that they do not require users to pass KYC, and then ask for documents, then it is clearly a fraud. The casinos must be responsible for their words as the interaction between them and the users in most cases is based only on trust.

[FatFork]

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.   

Yeah, this is pretty crazy requirement, and I am generally skeptical of this practice. It seems strange that they would need photos of both sides of your credit card just to confirm your identity or to confirm that it's yours and not someone else's.  

I've never heard of this being a requirement for any reputable company, and I personally don't think it should be. It seems like this would be a great way for scammers to get copies of your credit cards and use them to make unauthorized purchases, or to sell them to other scammers on the dark web. In fact, this is exactly how credit card scammers work! This is just another example of why it's important to be fully aware of what you're agreeing to when you sign up for a new service and to read the fine print - it can help you avoid getting surprised by unexpected requirements down the road.

@seoincorporation, would you mind sharing the casino's name so we can investigate further?

[dimonstration]

I preferred the current status of Casino KYC system rather than requiring KYC upon registration since it is hassle and will take some time for a KYC to get approved while gamblers wants to play immediately the moment they saw the casino. It will create a major turn off for a casino to obligate all there user to undergo KYC since not all users is playing using huge amount of money like me.

I only experienced once to undergo KYC and not because I’m playing using huge amount of money but rather I have too frequent withdrawal and deposit which casino accused me for money laundering which I proved not.

[Yatsan]

If players are into KYC services, they should have played with FIAT-Based casinos. Personally, I am against KYC procedures not only in gambling but to most of the online services, because I am anxious that my information could be used to something which may cause danger to me, basically. I do get the point of KYC to those which are mainly for transactions, but in gambling, I guess addresses (cryptowallet) would be enough for a player to send and recieve payments to the gambling site. Personal informations are quite suspiscious even if the gambling site itself is considered trusted or registered.

[Smartvirus]

KYC without any exaggeration is some serious issue in the cryptospace. Like, crypto is supposed to be privacy and anonymity inclined and having KYC checks kind of places an infringement to its smooth running. For reasons that could lead to infringement, KYC isn't very much publicised by these platforms as some way to present itselfas friendly but in the end, its what you get for winning big! Making winning big looks like a trap!
Technically, one can say, "your not allowed to win big on crypro betting platforms". You either get to violate your ethics/policy or for go your wins. That's sad!

I think things should be made a lot clearer during the registration. If big wins would be an issue,

There could be an account grading system that limits bets and winnings for KYC agreed to comply accounts and those to have disagreed. Those should be stated during registration, perhaps in a column to tick, not necessarily the T&C as most users don't read those but projected given as, popular complaints and avoid drama.

[kamvreto]

Maybe some casino sites exist that apply KYC only for large transactions and when only small transactions occur there will be no KYC request. it's better than having to implement all the KYC at different levels. there will be a limit on the number of withdrawals that KYC will request. I myself have never done KYC on gambling sites, because gambling sites are just for entertainment and not looking for more profit.
If during registration asked for KYC I will certainly stay away from it.

[rhomelmabini]

I think it's not that bad being asked regarding KYC in the first place as long as it wasn't that a thorough KYC or should I say a minimal KYC only. I think it should be asked on the choices if it's minimal or a strong preference of KYC that includes lot of documents because that will confused other people.

[danherbias07]

Voted for the 2nd one.
I am a lazy man when it comes to filling up forms. In the end, I will stop before I submit it and just look for another gambling site that doesn't mandate a KYC to be filled.
It happened to me before with Bet.ag if my memory is correct. There's the introduction of putting in all your details before you can start betting.
I didn't continue and just checked gambling platforms here in the forum and finally, I saw 2 trusted sites that don't require too much information to continue. An e-mail and a verification are sufficient although I haven't tried withdrawals in large amounts yet.

[Darker45]

I know I have already raised this issue sometime before. I have always considered this sneaky or unfair. This is the same behavior I observed with centralized exchanges as well.

It's really a cheap tactic for gambling platforms to only be strict, or even perhaps to only apply the terms and conditions, when it's them who are losing money. But if they are earning, even while violations are being done, they won't lift a finger. They are more than willing to turn a blind eye, act as if they didn't notice, or perhaps they don't really notice anything at all because they couldn't care less. What's important is that they earn.

But as far as the available options are concerned, to stick with the status quo is probably the better way to go. It would be best, of course, if there's no KYC but since that's very rarely an option, I'd rather prefer the selective KYC implementation.

[rahmad2nd]

KYC is a scourge that is quite scary for us, the reasons are very diverse. besides we like privacy, but more on maintaining security that might be misused by irresponsible parties. things like hacking and all sorts of things related to illegal activities, are very vulnerable to happen and if they happen, the consequences will be fatal. and we are the ones who suffer the most if something bad happens like many other members said before me.

to be honest, KYC is a dilemma for most members here. however, eventually sooner or later crypto casinos will adopt it as their standard requirement, especially for large withdrawal requirements.
like it or not, I have to choose a casino that has the most credible reputation as our security.

By the way, I clicked the wrong vote option  .

[Jemzx00]

The result is, of course, that casinos don't need KYC.. until they do. gray zone.

I guess this answers' your idea of KYC on casino being troublesome.

For me, it's perfectly fair if casinos will not ask for any KYC or any documents on their gamblers early on especially if they haven't won anything big or violated any ToS of the platform. Actually, I'm much more inclined to not gamble or play to any gambling platform that will ask for KYC during registration or depositing fund on the account. 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.

Also, it's better to provide your personal information or go through the KYC process to limited platforms that you'll be using for a long time for my own security purpose. Anyways, I've still chosen the second option to "Leave the possibility of being asked for KYC when requesting withdrawals or after big wins." as I think it'll be worth it if you will be able to withdraw your funds for your identification and having a big win will surely keep me coming back on the casino. But still, the best choice for me would be if the casino will only request for KYC once I've reached the threshold limit for withdrawal amount.

However, in cases where casinos will be announcing or promoting themselves as a KYC-free platform but will request users to proceed with KYC during withdrawal or anytime, then I would never play on that platform as they are deceiving their users and gamblers from the start. It's better not to announce that you're a KYC-free platform than deceiving your users.

[Peanutswar]

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 suspicious activity that's why they ask a KYC,

[NeuroticFish]

The result is, of course, that casinos don't need KYC.. until they do. gray zone.

I guess this answers' your idea of KYC on casino being troublesome.

For me, it's perfectly fair if casinos will not ask for any KYC or any documents on their gamblers early on especially if they haven't won anything big or violated any ToS of the platform. Actually, I'm much more inclined to not gamble or play to any gambling platform that will ask for KYC during registration or depositing fund on the account.

You are the perfect example for what I was saying No offense! Keep in mind that I 100% agree that KYC is usually not needed and dangerous!

Let me elaborate a little. If you join an exchange you will most probably give the KYC info they ask although maybe you won't trade there, but you will obey the rules, because that's how you start your journey in centralized exchanges. I see somehow situation for casinos: if it would become a general rule, you would have no issues to obey, but as it is, there are plenty of reasons not to KYC.

In my country a business can ask for KYC only if they are registered and allowed to handle personal info according to GDPR laws. This could/should stop an exchange start "misbehaving". So I could see a casino asking for KYC more legit. But I know, the world is big and the laws differ. My point was that a casino could be more legit if it asks for KYC - but depends which country's laws it operates under. But it could also just sell the KYC info.

Right now I feel like various casinos hide under the KYC "necessity" to deprive some of their users from the bigger wins; and this is neither fair nor legal.
Of course, asking for KYC may or may not fix this. Hard to tell.

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.

If KYC is asked before you're allowed to deposit, you can play/test with faucet coins or 0-value coins casinos may provide.