Do You Want KYC at Crypto Casinos During Registration?

[Cling18]

I'd rather do it during the registration so I would know if I can comply with the requirements that they will be asking rather than do it during the withdrawal or deposit process where there will be a chance for them to hold my funds. There are already some casinos that ask for KYC during registration and as epr my experience, there's nothing wrong or risk on it as long as we are choosing right casinos with good reputation.

[1715078387]

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[Bobrox]

Majority of gambler dislike with KYC at crypto casino gambling trough registration and prefer choosing another crypto casino gambling not allowed KYC for playing. Hidden identity from crypto casino gambling is common reason why prefer choosing with crypto casino allowed deposit and withdraw without have to use KYC. Coming from country with majority Moslem I think disagree have to give data ID for passing KYC and directly have to show identity when KYC at crypto casino.

Common gambler with choose with fiat or local gambling casino if need KYC and deposit trough fiat without used crypto, but depend with some people if have huge amount for withdrawing maybe crypto casino gambling need to pass KYC early, have limited withdrawing without KYC and increase up if want withdraw above the amount limited by crypto casino.

[Lucasgabd]

I'd rather do it during the registration so I would know if I can comply with the requirements that they will be asking rather than do it during the withdrawal or deposit process where there will be a chance for them to hold my funds. There are already some casinos that ask for KYC during registration and as epr my experience, there's nothing wrong or risk on it as long as we are choosing right casinos with good reputation.

both ways may work if the casino is reliable (not a scam website)
the thing is that the KYC process may take a while to complete

there are always the points too that KYC is more of a burden than a solution, it creates costs and doesn't solve a lot of problems (one can use fake docs or pay someone else to KYC for them)

[decodx]

I'd rather do it during the registration so I would know if I can comply with the requirements that they will be asking rather than do it during the withdrawal or deposit process where there will be a chance for them to hold my funds. There are already some casinos that ask for KYC during registration and as epr my experience, there's nothing wrong or risk on it as long as we are choosing right casinos with good reputation.

It is understandable that online casinos need to collect our personal data to verify it and prevent any fraudulent activity, I completely understand this point of view. But, I don't necessarily want every casino I gamble on, to know everything about me considering the inherent risks of these platforms leaking information or being hacked. Remember how we were talking about passing information between the casinos? Well I don't necessarily want every single one of them to have access to my personal information, especially if they are not trustworthy. The problem with this, is that there is no way to verify whether or not the casino you are playing at will keep your information safe and secure. If they are not transparent about what data they collect and how it will be used then I would advise against using their services.

[madnessteat]

^

If you favor anonymity then do not use casinos that are registered in jurisdictions that require KYC/AML. For this you need to read the TOS of the casino. True, this is not a panacea, as some casinos do require proof of identity and income after a serious win. I can not advise you how to protect yourself from the transfer of personal data between casinos, but it seems to me that if they transfer data it should be spelled out in the TOS. So you have to read the TOS carefully.

[erep]

If you favor anonymity then do not use casinos that are registered in jurisdictions that require KYC/AML. For this you need to read the TOS of the casino. True, this is not a panacea, as some casinos do require proof of identity and income after a serious win. I can not advise you how to protect yourself from the transfer of personal data between casinos, but it seems to me that if they transfer data it should be spelled out in the TOS. So you have to read the TOS carefully.

If the casino option is not registered in the jurisdiction, it will be vulnerable to scams and there is no monitoring supervisor as it is free from binding regulations from the government, but joining a legitimate casino will be required to verify KYC and will be subject to Government regulations. So I am very confused suggesting to protect personal data or use top casinos for KYC verification but for me personally using top listed casinos is legal and currently some casinos give tolerance for low withdrawals and as long as you don't win high winning is currently safe without asking for KYC for withdrawal.

[Finestream]

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.

Well, it’s not a big issue for us who got used to it, but for those who are new in gambling, they might run away and won’t gamble anymore. Because let’s accept the fact that it’s safe to stay anonymous especially if you suddenly win big amount, and of course disclosing your real identity will only give hints to scammers to attack you. So for me, it’s still best to gamble without KYC, but if it will be mandatory, then I will also comply with it.

[Boristhecat]

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.

Probably the casino requires at least minimal information from gamblers at the registration stage in order to avoid accusations of money laundering. Where is the guarantee that casino owners will not send themselves (and lose) dirty money to empty accounts? This reason seems logical to me. In addition, they need minimal information so that gamblers do not launder funds through the casino. For example, someone won $10k on an empty account. After that, he can sell access to this empty (in the sense of KYC) account for 11k dollars so that, for example, some drug dealer can withdraw clean money.

[Mauser]

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.

Quite surprised to see that 13% of the people here even voted for losing all their money instead of doing KYC at a casino. This might be the case if the winnings are really small, but would you really be willing to give away a few hundred Dollar only for not doing KYC? No way, it's already hard enough to make a profit in gambling that we shouldn't give away any money that we won. If someone is really against KYC and never wants to do it, than he should have researched before joining that casino. In my opinion the casino needs to protect itself against possible money laundering and KYC became very common in today's world. I kind of accepted it and don't feel bad about it anymore. Only asking for KYC during withdrawals of big wins seems like a good compromise, but I would prefer the casino just asks for all the information during signup. It makes the process longer and will prevent some customer from signing up or choosing against the casino, which is why most casinos are not doing it. In the long run however it makes the casino seem more trustworthy even if it hurts their business in the short run. As long as the casinos handles our personal data well and there are no security issues I have no problem with it.

[Pmalek]

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.

It can still be dangerous because you don't know the motives of the people asking you to undergo KYC. You might think you are getting your money as soon as it's verified, but in reality, they might just want to have you on file and they already made up their mind not to pay you.

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.

And you got your withdrawal, congratulations! I remember reading about this case of yours.

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.

Some casinos have maximum payout limits when it comes to wins. That can be found in their TOS. No matter how much you win, they can have a rule that they won't pay out more than $200.000, for example. There are also limits to weekly or monthly withdrawals where you can't withdraw more than X amount.

I'm used to doing kyc when registering a casino, so far my data is still safe...

No one can claim that with certainty. Maybe there hasn't been a leak or hack (yet), but even the staff working in those casinos could get access to stored data, sell it, or abuse it in other ways.   

[tabas]

Well, it’s not a big issue for us who got used to it, but for those who are new in gambling, they might run away and won’t gamble anymore. Because let’s accept the fact that it’s safe to stay anonymous especially if you suddenly win big amount, and of course disclosing your real identity will only give hints to scammers to attack you.

Even if we've been used to it, there will be times that we'll realize that it shouldn't be a must thing if you're just trying to register and haven't gambled yet.
Majority don't like to be KYCed because it's something that we don't trust anymore whether you like the casino and you trust them with a few from your funds.

So for me, it’s still best to gamble without KYC, but if it will be mandatory, then I will also comply with it.

If there's no other choice, I'll also comply but if there's still a choice where we can gamble without having to KYC, I'll go there and just as the others might do the same thing.

[BobK71]

Well, it’s not a big issue for us who got used to it, but for those who are new in gambling, they might run away and won’t gamble anymore. Because let’s accept the fact that it’s safe to stay anonymous especially if you suddenly win big amount, and of course disclosing your real identity will only give hints to scammers to attack you.

Even if we've been used to it, there will be times that we'll realize that it shouldn't be a must thing if you're just trying to register and haven't gambled yet.
Majority don't like to be KYCed because it's something that we don't trust anymore whether you like the casino and you trust them with a few from your funds.

So for me, it’s still best to gamble without KYC, but if it will be mandatory, then I will also comply with it.

If there's no other choice, I'll also comply but if there's still a choice where we can gamble without having to KYC, I'll go there and just as the others might do the same thing.

A gambler usually likes to gamble in secret. If his KYC is asked here, he may feel a bit embarrassed here. So they will try to find some other site where no KYC is required for gambling. I think KYC should be asked only when any major transaction is done. It is important to seek QC for those transactions if there are likely to be difficulties related to law switches though there are some advantages for asking KYC.

[tabas]

So for me, it’s still best to gamble without KYC, but if it will be mandatory, then I will also comply with it.

If there's no other choice, I'll also comply but if there's still a choice where we can gamble without having to KYC, I'll go there and just as the others might do the same thing.

A gambler usually likes to gamble in secret. If his KYC is asked here, he may feel a bit embarrassed here. So they will try to find some other site where no KYC is required for gambling.

I don't think there's a feeling of embarassment but usually, we just want to keep it private and nobody should know about our gambling activity.

I think KYC should be asked only when any major transaction is done. It is important to seek QC for those transactions if there are likely to be difficulties related to law switches though there are some advantages for asking KYC.

This is done in most casinos, when there's a huge transaction that has been made by a user. What advantage are we talking in here? Maybe is that you're clean and the casino won't be suspicious anymore to your transactions and that's giving you hassle free of gambling. I guess that's one of it.

[decodx]

Quite surprised to see that 13% of the people here even voted for losing all their money instead of doing KYC at a casino. This might be the case if the winnings are really small, but would you really be willing to give away a few hundred Dollar only for not doing KYC? <...>

For many, a few hundred dollars is not an extraordinary amount of money. For such a small amount, I would not be willing to give up my personal information. The fact that only 13% of people here are ready to lose their money because they do not want to provide their personal data says a lot about our attitude towards privacy. I think that many people simply don't understand what they actually lose by doing KYC.

[gunhell16]

I read what you said in this thread section, and almost everything you said is true and there is nothing wrong, I see asking for KYC in a gambling platform sometimes can be abused by the crypto owner himself in the gambling. But maybe this kind of gambling owner mentality is just a few of them only.

Now, for me, it is probably better to submit KYC at the very beginning of your crypto gambling account registration if there is a policy or rules. So at least, from the beginning, you know the system the platform has. And you will not blame the team or the owner of the gambling platform if it comes to the point that you take out money from their crypto gambling.

[Zlantann]

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.

Due to the negative perception of most people of gamblers, I would always prefer to keep my operations with gambling firms private. I would not register with any gambling site that asked for my personal data. This is because it can also be misused or used as a political or religious tool to tarnish my image. But when it comes to winning big (I mean real big) and they are asking for my data, it would be a very difficult situation for me. It is difficult because you have to choose between money and privacy. I think I would have to consult a legal professional that would have to sign a privacy agreement with the firm before I would release my details. Which means I can sue them if my privacy is invaded.

[ethereumhunter]

Quite surprised to see that 13% of the people here even voted for losing all their money instead of doing KYC at a casino. This might be the case if the winnings are really small, but would you really be willing to give away a few hundred Dollar only for not doing KYC? <...>

For many, a few hundred dollars is not an extraordinary amount of money. For such a small amount, I would not be willing to give up my personal information. The fact that only 13% of people here are ready to lose their money because they do not want to provide their personal data says a lot about our attitude towards privacy. I think that many people simply don't understand what they actually lose by doing KYC.

Those big wins may not mean much to them because they already have a lot of money, so losing all the money they have won is okay. And maybe that's why they choose not to KYC for anything because their identity is more important than all the money they make gambling. That's okay because we all have our own thoughts on whether to do KYC or just let the winning money go.

[Jemzx00]

Well, it’s not a big issue for us who got used to it, but for those who are new in gambling, they might run away and won’t gamble anymore. Because let’s accept the fact that it’s safe to stay anonymous especially if you suddenly win big amount, and of course disclosing your real identity will only give hints to scammers to attack you.

Even if we've been used to it, there will be times that we'll realize that it shouldn't be a must thing if you're just trying to register and haven't gambled yet.
Majority don't like to be KYCed because it's something that we don't trust anymore whether you like the casino and you trust them with a few from your funds.

So for me, it’s still best to gamble without KYC, but if it will be mandatory, then I will also comply with it.

If there's no other choice, I'll also comply but if there's still a choice where we can gamble without having to KYC, I'll go there and just as the others might do the same thing.

A gambler usually likes to gamble in secret. If his KYC is asked here, he may feel a bit embarrassed here. So they will try to find some other site where no KYC is required for gambling. I think KYC should be asked only when any major transaction is done. It is important to seek QC for those transactions if there are likely to be difficulties related to law switches though there are some advantages for asking KYC.

I don't think that there's a lot of gamblers that was asked for KYC have felt embarrassed. The casino or the gambling platform is the who's asking for KYC so why would the gambler be embarrassed? Most of these gamblers are either pissed, angry or even nervous as the platform are hindering them and/or limiting their actions from the platform or probably they think that they have been caught to what they are doing that is most likely against the ToS of the casino.

One of the reason as to why crypto gamblers don't want to provide their identity is because they expect themselves to be anonymous especially in the crypto industry.

[Pmalek]

...one can use fake docs or pay someone else to KYC for them...

Users of fake documents can be identified by requesting live video verification. If you are accessing a site from one part of the world but you provide the platform with IDs from someone on the other side, the locations can be used against you. If casinos wanted, they could implement security systems that don't work for VPNs for example. I have seen such platforms before. And if you can find a sucker willing to sell their identity for you to use it as you please, I guess you can call yourself lucky.  

If they are not transparent about what data they collect and how it will be used then I would advise against using their services.

Transparency doesn't mean much. They can claim and promise one thing but do something completely opposite.

[d3nz]

Well, it’s not a big issue for us who got used to it, but for those who are new in gambling, they might run away and won’t gamble anymore. Because let’s accept the fact that it’s safe to stay anonymous especially if you suddenly win big amount, and of course disclosing your real identity will only give hints to scammers to attack you.

Even if we've been used to it, there will be times that we'll realize that it shouldn't be a must thing if you're just trying to register and haven't gambled yet.
Majority don't like to be KYCed because it's something that we don't trust anymore whether you like the casino and you trust them with a few from your funds.

So for me, it’s still best to gamble without KYC, but if it will be mandatory, then I will also comply with it.

If there's no other choice, I'll also comply but if there's still a choice where we can gamble without having to KYC, I'll go there and just as the others might do the same thing.

A gambler usually likes to gamble in secret. If his KYC is asked here, he may feel a bit embarrassed here. So they will try to find some other site where no KYC is required for gambling. I think KYC should be asked only when any major transaction is done. It is important to seek QC for those transactions if there are likely to be difficulties related to law switches though there are some advantages for asking KYC.

I don't think that there's a lot of gamblers that was asked for KYC have felt embarrassed. The casino or the gambling platform is the who's asking for KYC so why would the gambler be embarrassed? Most of these gamblers are either pissed, angry or even nervous as the platform are hindering them and/or limiting their actions from the platform or probably they think that they have been caught to what they are doing that is most likely against the ToS of the casino.

One of the reason as to why crypto gamblers don't want to provide their identity is because they expect themselves to be anonymous especially in the crypto industry.

I highly agree, anonymity is one thing we need but since a lot of gambling websites required KYC because of the regulation we cannot avoid it. And, this is one of the reasons why some players are moving from another website that doesn't require KYC.

Maybe some of the players that don't want KYC are afraid to use their information or sell it to someone else and other reasons if the gambling sites were hacked can be used for crime.