Unpopular opinion about crypto gambling

[dezoel]

This is the regular operation of some casinos. Casinos often take advantage of this kyc to cheat gamblers. Because they don't have any problem if you deposit huge amount and they don't have any problem if you lose all that money. But, their problem starts when you win big amount, they will force you to complete kyc. Because they try their best to see if they can somehow walk away without giving that winning fund to the gambler. So you should deposit in a reputable casino, so that even if you complete kyc at least, your personal information will be safe. As a crypto user myself I try to avoid KYC. But unfortunately it is true that many times I am forced to complete kyc despite my reluctance.

Not all mate but there are some casinos who put a notice if how max a user can deposit or play, and they also wrote if what is the minimum deposit so that users funds will not lost. Unfortunately, there are still casinos who works as you describe and maybe it's true that it's one of the ways to steal money because some gamblers won't just do a KYC and choose to abandon their account along with the money that they won.

KYC or not, no one will want to play on an unknown casino because they are afraid that it wasn't fair. If you really want to avoid KYC then you better start reading the terms and conditions of every casino that you play. That's the only way that you can be sure of.

[blockman]

There are people who want to remain anonymous - let's for example take the case. IF someone is so protective on watsapp and hiding their identities I would not trust them - I dont like these kinds of group of people. Rather I like people who are clear and open about the dealing. Wrong info sharing is something I would not believe  even for my small business.

Comparing that with the example of what you've given of people faking their identities or hiding it on social media and having a kyc. I think that there's a huge gap between them.
While most people have to protect their identity online, many are starting to be aware of it and don't include and give all the necessary details that they have to give publicly. It's all on them that they aren't giving the vibes that you can get most information of them in social media, while in casinos that asks for kyc, it's a different matter as it includes your finances just like the banks to know who are their customers.

[mak013]

I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why? For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryprocurrencies.

[stomachgrowls]

I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why? For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryprocurrencies.

If people would really just simply try to look on what they are currently doing which exposing off their personal information then we are already doing it since from the days where we do enrolling or applying on something

which these information would be mainly be asked or needed.If there's something that you do tend to hide then this is where you dont like to make yourself been known but if none, then i dont really be seeing this

to be a big issue but there are really that people who do give out importance about anonymity but well it is really depending on someones preference.Lets just really that mind off
on how convenient to play when you do have different payment options whether using up your cards or simply with crypto.

[acroman08]

Why ? Just why ?

I am not gonna try and change your mind but here's another perspective. using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency. besides, even if the crypto casino says they have KYC a lot of them only ask for it in certain situations so there is a chance that you can play for a long time without even being asked to do a KYC.

[erep]

Why ? Just why ?

I am not gonna try and change your mind but here's another perspective. using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency. besides, even if the crypto casino says they have KYC a lot of them only ask for it in certain situations so there is a chance that you can play for a long time without even being asked to do a KYC.

Every top casino site does not ask for instant KYC after we register an account, we can play any gambling and can make withdrawals without KYC only unless you win big bets and there are suspicious factors in your account. Just like you said above, that we don't need to avoid top casino sites because they only implement KYC to avoid money laundering and other criminal activities that take advantage of gambling sites.

[coolcoinz]

Why? Are you kidding with me op? KYC is easily one of the most annoying aspects of crypto gambling which is why most crypto gamblers including me detest it and submit it only when absolutely necessary.

KYC basically nullifies the differences between crypto and FIAT gambling sites by eliminating the anonymity feature which sucks big-time in my opinion.

Many crypto gambling sites provide all sorts of excuses such as legalization requirements, security etc in order to justify enforcing KYC.

There are people who want to remain anonymous - let's for example take the case. IF someone is so protective on watsapp and hiding their identities I would not trust them - I dont like these kinds of group of people. Rather I like people who are clear and open about the dealing. Wrong info sharing is something I would not believe  even for my small business.

There's a huge difference between being "secretive" and being normal or irrational.

What do I consider secretive? When you're trying to do business with someone and they don't even want to give you their first name or make up a name, or hide their phone numbers and want you to talk via skype or something.

What is normal then? Not wanting to send someone you don't know a scan of your ID, your full address, your utility bills. This is too much for me which is why i avoid companies that demand KYC. I have nothing to "hide" and I'm fine with registering with my phone or sharing my real name, but I'm not going to show you my ID.

[Woodie]

KYC requirements for crypto gambling is really a late down tbh, especially for most of these new gambling sites getting into the industry with regulations stamped all over their faces. If only they understood the freedom that these cryptocurrencies have been trying to advocate for, kyc would have been kicked out.

I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why?

Quite true but the problem with in-house KYC there is no guarantee that one's data is kept safe and secure as these guys can easily sell it to third parties that could want to use it for other purposes like advertisements etc.

For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryptocurrencies.

Casinos taking fiat payments have some kind of regulatory obligation which they follow and any misuse of customer's data they can be held accountable for it.... unlike crypto based casino's which can close shop any time and not give a x@(& about it.  And you putting card restrictions such as the maximum amount you can spend in a day or something is a clever way of safeguarding your $$$

[Bobrox]

Common crypto casino gambling not allowed have to KYC depend with limited increase for withdrawal, if withdrawal under minimum from term of service at crypto casino gambling is free for withdrawal without have to KYC. I don't think afraid with several gambler disagree with KYC depending their data have share at every cryptocurrency exchange, but crypto casino gambling is difference site and not all gambler want to show their identity about their self active on gambling.  If afraid with KYC have way to withdraw under minimum allowed by crypto casino gambling, but some time if account get abnormal cases need to verify document and submit  KYC.

[serjent05]

This man want to hear opinion form people maybe that could change he's thought about KYC casinos which I don't think nothing is going to change what he thinks and want about crypto casinos. There are some persons that has no problem about using a KYC regulated casinos because they are ready to drop their documents as far as possible to make sure they keep playing bets.

Nope, I think the other way around.  I think the man is ready to debunk any idea that will contradict what is written on the signboard.  The person isn't there to listen and follow but rather to listen and refute.  His statement is indeed somehow solid and there is nothing to refute in there because it is the person's personal belief.

Why ? Just why ?

I am not gonna try and change your mind but here's another perspective. using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency. besides, even if the crypto casino says they have KYC a lot of them only ask for it in certain situations so there is a chance that you can play for a long time without even being asked to do a KYC.

But the thing is not about other people but the person's belief towards the usage of cryptocurrency.  I believe the best course of conversation would be: avoid crypto gambling platform that requires KYC.

[goinmerry]

that we don't need to avoid top casino sites because they only implement KYC to avoid money laundering and other criminal activities that take advantage of gambling sites.

Part of the regulation. Also a part of being a legit casino.

Sometimes if a user got a problem with a gambling site that is not regulated, they are seeking help from the government authorities but how can these authorities even help that user if the casino is not regulated?

With casinos being regulated, real owners are not hidden and these can be tracked in case of anomalies. Not sure though if there's a case before where a regulated crypto casino is being penalized by regulators or faces the consequences of violating the law of a government in a certain country.

[agustina2]

There’s a simple answer here, if you don’t like KYC then don’t gamble.

That was too much though because, in fact, we can still gamble even with KYC.

OP just has to search for those gambling sites that don't have a mandatory KYC.

It's not that it was being asked on registration or else. There are lots of popular crypto-gambling sites that are KYC-free.

[Haunebu]

There are people who want to remain anonymous - let's for example take the case. IF someone is so protective on watsapp and hiding their identities I would not trust them - I dont like these kinds of group of people. Rather I like people who are clear and open about the dealing. Wrong info sharing is something I would not believe  even for my small business.

This is coming from a shill who is advertising a scam site who try their best to stay anonymous in order to avoid getting screwed by the authorities. How freaking ironic. Do you even think before typing this crap?

Anonymity is the core foundation of the crypto world and it's one of the primary reasons why BTC became popular in the first place. It's a feature which makes BTC unique to some extent when compared to popular FIAT currencies.

Also, I advise you to improve your brainpower asap since you desperately need to.

[slaman29]

I don't think it's stupid at all actually, we have to accept the reality of the situation that everyone these days to run a business is going to have to comply with the laws one day. It's just something unavoidable.

What is stupid is gambling at a casino that you know has stolen people's money in the past just using KYC as an excuse.

[mindrust]

it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd

What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI? Stake.com is a casino, they ain't the Police. If the Police asks them to do this on certain events, then I wouldn't complain even though it sucks but if they do this randomly out of the blue... then It would ruin the good casino image of them I have...

[Viscore]

In the end you need to provide your personal information in life for anything that involves huge amount of money.

*When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.

It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.

Though KYC is still not completely mandatory to all casinos, but as all casinos get centralized, eventually we will end up in a no KYC, no betting rule because that is expected to end in that way. So it’s better to adopt it earlier and accept the fact that all casinos are bound to require strict KYC compliance if you want to play their games. Otherwise, you’ll stay betting in gray casinos and gets no assurance and security on withdrawing your funds.

[Mauser]

One of my favourite meme layouts, you can write anything you want on that white banner. At least you could have tried to match the font of the "change my mind" part so it looks a little bit more real.  Are you against using crypto currencies for gambling, or just against the fact that some online casinos require us to do KYC? Both is fine in my opinion. With cryptos it's very fast to deposit and withdraw money at casinos and if you are not a HODL investor then there is no reason to let your coins sit in your wallet without doing anything. Gambling is a nice way to try and make some income on the side while crypto prices are low. For me I am only using cryptos for gambling when we are far away from the next ATH like right now. And KYC became very common these days for gambling in online casinos. Crypto currencies still have a bad reputation among critics in the sense that they can be easily used to launder money. With KYC the casino are trying to prevent or at least increase the effort for criminals. I don't think there is anything wrong with using KYC as long as the casino stores our personal information safely. Change my mind 

[ziportan]

it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd

What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI? Stake.com is a casino, they ain't the Police. If the Police asks them to do this on certain events, then I wouldn't complain even though it sucks but if they do this randomly out of the blue... then It would ruin the good casino image of them I have...

https://ibb.co/gjxRMpT

First thing i do is verify my account, when i register to a bookie. And after seeing this shit, i just left my account like that without depositing shit

[Peanutswar]

that we don't need to avoid top casino sites because they only implement KYC to avoid money laundering and other criminal activities that take advantage of gambling sites.

Part of the regulation. Also a part of being a legit casino.

Sometimes if a user got a problem with a gambling site that is not regulated, they are seeking help from the government authorities but how can these authorities even help that user if the casino is not regulated?

With casinos being regulated, real owners are not hidden and these can be tracked in case of anomalies. Not sure though if there's a case before where a regulated crypto casino is being penalized by regulators or faces the consequences of violating the law of a government in a certain country.

There are some people abusing the current bonuses, rewards and etc. on the casino and that's why the casino ask for KYC to know that they are not a bot at the same time is they can't create another account to abuse the current rewarding system, also some of the people today are trying to avoid the KYC because we know how the personal details are important than the small amount of money just to withdraw, but the perks of the KYC to is it is more convenient to us to make a recover with our account and also tracking the transactions and fast withdrawals.

[mak013]

I don`t see any problem with KYC. You share you private data every day and afraid KYC. Why? For me using cryptocurrencies just an additional preference in online casinos. I can pay with credit card and i can pay with cryptocurrencies. And in some casinos my credit card has restrictions and the only way to gamble in such casinos is to use cryprocurrencies.

If people would really just simply try to look on what they are currently doing which exposing off their personal information then we are already doing it since from the days where we do enrolling or applying on something

which these information would be mainly be asked or needed.If there's something that you do tend to hide then this is where you dont like to make yourself been known but if none, then i dont really be seeing this

to be a big issue but there are really that people who do give out importance about anonymity but well it is really depending on someones preference.Lets just really that mind off
on how convenient to play when you do have different payment options whether using up your cards or simply with crypto.

It is so. I can understand men, that makes their best to hide private data. But they not only use cryptocurrencies and don`t gamble in casinos with KYC. And the most part of cryptocurrency gamblers just like to think that they are protected if they just use cryptocurrency, but it is not so - they make just a little part of actions they have to do if they want to be anonymous.