What would be an ideal KYC solution?

[QueenVera]

This is just a matter of understanding on both the part of the user and the casino.
Most times, we users tend to mount so much unnecessary pressure on this casinos even after knowing that they are subjected to some regulatory bodies and don't act on their own wills.
I've heard stories of users shy away from KYC because I see no reason why one should shy away from KYC if you know that your activities are genuine and you no have no fear of criminality then I would advice that you help this casino so their KYC

[Shamm]

I think kyc system sort of kills the purpose of using cryptocurrencies. It feels lot more safe/independent to move my wealth through crypto because of obvious reasons. Many people prefer crypto to take a breath out of government controlled financial world.
When I think about casino side, they should always establish it in a relaxed law country. Giving exceptions to users that can move through some regulations may also help.

If you really don't want to undergo KYC, then just find another option that doesn't require one. Unfortunately though, most exchangers and casinos now require to undergo verification process before you can make an account. If you just want to have a secure place to put your crypto, one of the best option is to place it in hardware wallet or cold wallet which don't require information gathering.

However, if you are going to exchange your crypto in fiat money, you're most likely to uae an exchanger which in this current time is requiring KYC before you can process a transaction. I think it's just a matter of choosing your hard.

For me it's better to have KYC if we deposit a big amount because when we are going to withdraw our winning amount we have the assurance that our money will transacted smoothly and fast. But also we need to choose a good and legitimate casino first before we give our personal information as we all know that once you already gave your personal information you will not be anonymous anymore.

[348Judah]

This is just a matter of understanding on both the part of the user and the casino.
Most times, we users tend to mount so much unnecessary pressure on this casinos even after knowing that they are subjected to some regulatory bodies and don't act on their own wills.
I've heard stories of users shy away from KYC because I see no reason why one should shy away from KYC if you know that your activities are genuine and you no have no fear of criminality then I would advice that you help this casino so their KYC

The best and lasting solution is for a gambler who doesn't mind using a kyc casino to continue using them and never complained about any requests for kyc since he had known that already while the other option is for a gambler to avoid a kyc casino if he understands that could be a loads of hectic stress on him whenever they make demands for it, there are many casinos that does not support kyc which gamblers can use, the mistake we make is in thinking a casino will adjust it policy to suit your own desires by complying to your demand which they can never do, you have to adhere to theirs in full compliance, so don't expect they will change because of your own demands.

[coinerer]

I think kyc system sort of kills the purpose of using cryptocurrencies. It feels lot more safe/independent to move my wealth through crypto because of obvious reasons. Many people prefer crypto to take a breath out of government controlled financial world.
When I think about casino side, they should always establish it in a relaxed law country. Giving exceptions to users that can move through some regulations may also help.

If you really don't want to undergo KYC, then just find another option that doesn't require one. Unfortunately though, most exchangers and casinos now require to undergo verification process before you can make an account. If you just want to have a secure place to put your crypto, one of the best option is to place it in hardware wallet or cold wallet which don't require information gathering.

However, if you are going to exchange your crypto in fiat money, you're most likely to uae an exchanger which in this current time is requiring KYC before you can process a transaction. I think it's just a matter of choosing your hard.

For me it's better to have KYC if we deposit a big amount because when we are going to withdraw our winning amount we have the assurance that our money will transacted smoothly and fast. But also we need to choose a good and legitimate casino first before we give our personal information as we all know that once you already gave your personal information you will not be anonymous anymore.

You must look for a good and trusted site to deposit a large amount and you must not deposit a large amount on a scam site or a new site or a site with a low reputation.  So when you go to invest in any reputable and trusted site, kyc is not an issue and doing kyc here will not be any problem and your documents will be  protect there. So KYC must be done to deposit a large amount

[Zackgeno96]

Perhaps gamblers want to go through a KYC procedure so that they have more certainty. In general, these gambling sites are also all so free to publish their company details. I think that as a gambler you are more likely to play there than on a gambling site where there is no company data at all. A fair solution for KYC would still be to perform a KYC at the time a player is about to register, or at least before they can make a deposit. This also has the advantage that a gambling site cannot come up with excuses to hold certain payouts unnecessarily.

[Fatunad]

I think kyc system sort of kills the purpose of using cryptocurrencies. It feels lot more safe/independent to move my wealth through crypto because of obvious reasons. Many people prefer crypto to take a breath out of government controlled financial world.
When I think about casino side, they should always establish it in a relaxed law country. Giving exceptions to users that can move through some regulations may also help.

If you really don't want to undergo KYC, then just find another option that doesn't require one. Unfortunately though, most exchangers and casinos now require to undergo verification process before you can make an account. If you just want to have a secure place to put your crypto, one of the best option is to place it in hardware wallet or cold wallet which don't require information gathering.

However, if you are going to exchange your crypto in fiat money, you're most likely to uae an exchanger which in this current time is requiring KYC before you can process a transaction. I think it's just a matter of choosing your hard.

For me it's better to have KYC if we deposit a big amount because when we are going to withdraw our winning amount we have the assurance that our money will transacted smoothly and fast. But also we need to choose a good and legitimate casino first before we give our personal information as we all know that once you already gave your personal information you will not be anonymous anymore.

You must look for a good and trusted site to deposit a large amount and you must not deposit a large amount on a scam site or a new site or a site with a low reputation.  So when you go to invest in any reputable and trusted site, kyc is not an issue and doing kyc here will not be any problem and your documents will be  protect there. So KYC must be done to deposit a large amount

New sites couldnt really be having that kind of reputation on which they would really be that trusted on accepting huge deposits which i cant really blame out for those people who are really that hesitant on doing so.
We should bare up into your minds that those popular ones that we do have today are once newbie sites too, it is really just they do really be able to get that reputation and recognition on a certain period of time.
KYC solution? This is something that we should really be accepting starting now on which it is really that hard to avoid up these things considering that platforms do really
gets centralized and would be needing to go or abide with government laws and regulations.

[LUCKMCFLY]

There are a few sites where you have to identify yourself with the KYC procedure when you register your own. Actually, that is also the most honest. That way you can never get conflicts or problems with bets placed. How many times have we seen gamblers make a deposit, place a lot of bets and then the gambling site steps in to say that the KYC has not been completed or that there is fraud or something like that? It's a shame it's like this, but it's the reality. By performing the KYC immediately upon registration, you prevent a lot of problems.

You should check the casino site you are using and old users will explain KYC requests, but almost all casinos recently will ask users KYC after account registration or after deposits and withdrawals, so KYC is inevitable if betting on every casino and but we should be aware of the use of KYC to enhance account protection and prevent crime from money laundering.

More and more, we can't avoid KYC because this seems to be an obligation, and we also have to be prepared if one day a casino asks us to do KYC. And even though, for now, the casinos where we gamble don't require KYC, there is a possibility that it will happen, especially when regulators pressure the casinos to apply it to all of their members. But we can still hope that we will not be among the people asked to do KYC because we are just little gamblers trying to play gambling for fun.

Well this is something that cannot be avoided, I think the same as you, but there must be better things that come out in the future, for me one of the best platforms that do not ask for KYC is freebitco.in, and the truth is that I have played for a long time time, but I never worried about knowing if they asked for KYC, until not long ago I found out that they didn't ask for it, because I imagined that when people were going to withdraw large amounts from the platform they asked for it, so I think that here is what can be done It is that there are many options like this, and those who really like their preferred casino have to stick to their KYC criteria.

[Shamm]

I think kyc system sort of kills the purpose of using cryptocurrencies. It feels lot more safe/independent to move my wealth through crypto because of obvious reasons. Many people prefer crypto to take a breath out of government controlled financial world.
When I think about casino side, they should always establish it in a relaxed law country. Giving exceptions to users that can move through some regulations may also help.

If you really don't want to undergo KYC, then just find another option that doesn't require one. Unfortunately though, most exchangers and casinos now require to undergo verification process before you can make an account. If you just want to have a secure place to put your crypto, one of the best option is to place it in hardware wallet or cold wallet which don't require information gathering.

However, if you are going to exchange your crypto in fiat money, you're most likely to uae an exchanger which in this current time is requiring KYC before you can process a transaction. I think it's just a matter of choosing your hard.

For me it's better to have KYC if we deposit a big amount because when we are going to withdraw our winning amount we have the assurance that our money will transacted smoothly and fast. But also we need to choose a good and legitimate casino first before we give our personal information as we all know that once you already gave your personal information you will not be anonymous anymore.

You must look for a good and trusted site to deposit a large amount and you must not deposit a large amount on a scam site or a new site or a site with a low reputation.  So when you go to invest in any reputable and trusted site, kyc is not an issue and doing kyc here will not be any problem and your documents will be  protect there. So KYC must be done to deposit a large amount

New sites couldnt really be having that kind of reputation on which they would really be that trusted on accepting huge deposits which i cant really blame out for those people who are really that hesitant on doing so.
We should bare up into your minds that those popular ones that we do have today are once newbie sites too, it is really just they do really be able to get that reputation and recognition on a certain period of time.
KYC solution? This is something that we should really be accepting starting now on which it is really that hard to avoid up these things considering that platforms do really
gets centralized and would be needing to go or abide with government laws and regulations.

That's why we deposit a small amount of money to a new site in order to test their services cause if they have a good services then we recommend it to our friends and leave a good and positive feedback. Yes you are right that mate once a highly recommended and trusted enough casino run nowadays they start as a newbie but with their good in handling a customer they achieve what they have right now .

[coinerer]

I think kyc system sort of kills the purpose of using cryptocurrencies. It feels lot more safe/independent to move my wealth through crypto because of obvious reasons. Many people prefer crypto to take a breath out of government controlled financial world.
When I think about casino side, they should always establish it in a relaxed law country. Giving exceptions to users that can move through some regulations may also help.

If you really don't want to undergo KYC, then just find another option that doesn't require one. Unfortunately though, most exchangers and casinos now require to undergo verification process before you can make an account. If you just want to have a secure place to put your crypto, one of the best option is to place it in hardware wallet or cold wallet which don't require information gathering.

However, if you are going to exchange your crypto in fiat money, you're most likely to uae an exchanger which in this current time is requiring KYC before you can process a transaction. I think it's just a matter of choosing your hard.

For me it's better to have KYC if we deposit a big amount because when we are going to withdraw our winning amount we have the assurance that our money will transacted smoothly and fast. But also we need to choose a good and legitimate casino first before we give our personal information as we all know that once you already gave your personal information you will not be anonymous anymore.

You must look for a good and trusted site to deposit a large amount and you must not deposit a large amount on a scam site or a new site or a site with a low reputation.  So when you go to invest in any reputable and trusted site, kyc is not an issue and doing kyc here will not be any problem and your documents will be  protect there. So KYC must be done to deposit a large amount

New sites couldnt really be having that kind of reputation on which they would really be that trusted on accepting huge deposits which i cant really blame out for those people who are really that hesitant on doing so.
We should bare up into your minds that those popular ones that we do have today are once newbie sites too, it is really just they do really be able to get that reputation and recognition on a certain period of time.
KYC solution? This is something that we should really be accepting starting now on which it is really that hard to avoid up these things considering that platforms do really
gets centralized and would be needing to go or abide with government laws and regulations.

That's why we deposit a small amount of money to a new site in order to test their services cause if they have a good services then we recommend it to our friends and leave a good and positive feedback. Yes you are right that mate once a highly recommended and trusted enough casino run nowadays they start as a newbie but with their good in handling a customer they achieve what they have right now .

kyc verification is a sensitive thing. So gambling with small amount without doing kyc verification on new sites first, it is better to do kyc after getting to know the site well. Because doing kyc on a trusted site is not a big problem.  But doing kyc on a new site leaves the possibility of personal document theft .

[CryptoHeadlineNews]

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

For me, the best balance here should be that all users should be allowed to gamble without KYC and if anyone observed to carry out any suspicious activity, then such person should be mandated to either do KYC or leave the casino for good. And secondly, users should be allowed to deposit, withdraw and gamble freely without KYC, but if such individual happens to win an amount above $10k, then he/she should be asked to do KYC before withdrawing, to ensure such fund goes to the hand of the rightful owner.

[Oasisman]

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

For me, the best balance here should be that all users should be allowed to gamble without KYC and if anyone observed to carry out any suspicious activity, then such person should be mandated to either do KYC or leave the casino for good. And secondly, users should be allowed to deposit, withdraw and gamble freely without KYC, but if such individual happens to win an amount above $10k, then he/she should be asked to do KYC before withdrawing, to ensure such fund goes to the hand of the rightful owner.

That actually was being implemented with a handful of trusted crypto casinos before, when regulations was not strictly enforced yet.
I've heard of it before, that there is a certain limit wherein you can play, withdraw, and deposit without KYC compliance.
But, when you cross beyond that limit, that's the only time the casino would ask you to disclose your information, to protect you from lossing such huge amount of money stored in their platform.

[Yogee]

.....
For me, the best balance here should be that all users should be allowed to gamble without KYC and if anyone observed to carry out any suspicious activity, then such person should be mandated to either do KYC or leave the casino for good. And secondly, users should be allowed to deposit, withdraw and gamble freely without KYC, but if such individual happens to win an amount above $10k, then he/she should be asked to do KYC before withdrawing, to ensure such fund goes to the hand of the rightful owner.

That actually was being implemented with a handful of trusted crypto casinos before, when regulations was not strictly enforced yet.
I've heard of it before, that there is a certain limit wherein you can play, withdraw, and deposit without KYC compliance.
But, when you cross beyond that limit, that's the only time the casino would ask you to disclose your information, to protect you from lossing such huge amount of money stored in their platform.

I don't know where you guys are playing or betting but this "KYC later" policy is still being implemented by a lot of crypto casinos today. The withdrawal limits just varies per platform. I think it's already balance that way.

Casinos in general wants every user to enjoy playing without much regulatory hassle but they are sometimes forced to implement KYC and other identification measures. Let's admit that some users try to bypass or violate casino terms and would complain a lot when caught.

[Sanitough]

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

Efialtis from BTCGosu mentioned that some of the casino managers make exceptions, and I can imagine how that's possible, but I'm curious in what you would like to see there.

Regarding KYC: Their management confirmed with me personally that they would not enforce KYC. (Same old story, we could of course argue about that just like with any curacao licensed crypto casino) - the good news is when I have personal confirmation of such a statement, then I am putting a "No" and if they break their word at any point of time, I would take action. That is how I have always been handling this topic and how I will continue doing it.

Dude, KYC is simply a way for the godamned government put their hands on whats not theirs. Basically, there are no solutions. Going through the KyC  is a cumbersome process not only for players but also for casinos. IMO, casinos should be tring to find ways of helping customers avoiding the KYC but unfortunately, casinos are stuck with compliance and KYC is a demand to which if they not follow, their business will suffer the consequences

True. If casinos fail from KYC compliance, then they will also be in danger and might lose their license due to non-compliance. So both casinos and players are obligated to do so when it comes to KYC verification as it’s an order coming from the gambling regulatory boards. Just as reputable casinos are seriously asking us for our personal information details, so they can give us a fair play and a safeguarded environment, then we also have to do in return by trusting them that they will not be disclosing and become responsible on keeping our personal information safe and secured.

[_act_]

Just as reputable casinos are seriously asking us for our personal information details, so they can give us a fair play and a safeguarded environment, then we also have to do in return by trusting them that they will not be disclosing and become responsible on keeping our personal information safe and secured.

Any site that you provide KYC, do not believe that the site can not sell customers KYC information, but in gambling, most gambling sites are demanding for KYC now, but giving it out to them only means you trust them but no one can be trusted when you are talking about KYC, we have seen many companies that people trusted that later give their customers KYC to another company. KYC and also be breached by hackers.

We should not also expect excellent service from a gambling site because their customers comply with KYC policies, it does not mean. Only the sites that their customers are not having genuine complaints should be the most trusted.

[8rch7]

Any site that you provide KYC, do not believe that the site can not sell customers KYC information, but in gambling, most gambling sites are demanding for KYC now, but giving it out to them only means you trust them but no one can be trusted when you are talking about KYC, we have seen many companies that people trusted that later give their customers KYC to another company.

We should not also expect excellent service from a gambling site because their customers comply with KYC policies, it does not mean. Only the sites that their customers re not having genuine complaints should be the most trusted.

Many people afraid about their document selling trough acquired when registering on some gambling casino, I don't think have easy procedure about KYC or document ID from casino gambling will sell in dark market, they have securing and regulation before adapting KYC procedure.

Don't be serious with KYC procedure adopted at several casino gambling because several casino is free for joining without have submit KYC, but have disadvantage with limited withdrawing without submit KYC and preparing later if account get trouble have to use KYC. Have been habit with uploading document, all exchange cryptocurrency market make necessary with uploading document ID and take selfie.

[Fatunad]

I think kyc system sort of kills the purpose of using cryptocurrencies. It feels lot more safe/independent to move my wealth through crypto because of obvious reasons. Many people prefer crypto to take a breath out of government controlled financial world.
When I think about casino side, they should always establish it in a relaxed law country. Giving exceptions to users that can move through some regulations may also help.

If you really don't want to undergo KYC, then just find another option that doesn't require one. Unfortunately though, most exchangers and casinos now require to undergo verification process before you can make an account. If you just want to have a secure place to put your crypto, one of the best option is to place it in hardware wallet or cold wallet which don't require information gathering.

However, if you are going to exchange your crypto in fiat money, you're most likely to uae an exchanger which in this current time is requiring KYC before you can process a transaction. I think it's just a matter of choosing your hard.

For me it's better to have KYC if we deposit a big amount because when we are going to withdraw our winning amount we have the assurance that our money will transacted smoothly and fast. But also we need to choose a good and legitimate casino first before we give our personal information as we all know that once you already gave your personal information you will not be anonymous anymore.

You must look for a good and trusted site to deposit a large amount and you must not deposit a large amount on a scam site or a new site or a site with a low reputation.  So when you go to invest in any reputable and trusted site, kyc is not an issue and doing kyc here will not be any problem and your documents will be  protect there. So KYC must be done to deposit a large amount

New sites couldnt really be having that kind of reputation on which they would really be that trusted on accepting huge deposits which i cant really blame out for those people who are really that hesitant on doing so.
We should bare up into your minds that those popular ones that we do have today are once newbie sites too, it is really just they do really be able to get that reputation and recognition on a certain period of time.
KYC solution? This is something that we should really be accepting starting now on which it is really that hard to avoid up these things considering that platforms do really
gets centralized and would be needing to go or abide with government laws and regulations.

That's why we deposit a small amount of money to a new site in order to test their services cause if they have a good services then we recommend it to our friends and leave a good and positive feedback. Yes you are right that mate once a highly recommended and trusted enough casino run nowadays they start as a newbie but with their good in handling a customer they achieve what they have right now .

kyc verification is a sensitive thing. So gambling with small amount without doing kyc verification on new sites first, it is better to do kyc after getting to know the site well. Because doing kyc on a trusted site is not a big problem.  But doing kyc on a new site leaves the possibility of personal document theft .

Would really be that subjective and we arent that dumb not to notice out those new platforms been strictly enforcing verification which is something off on todays standards. Most of legit platforms
do only ask out for some verification if you have make out huge deposits which it turns out to be that a standard but if a new platform do ask out on the time that you do make out some
registration then it would really be a huge turn off and we know  that kyc is highly been frowned upon on this forum or place on which it is totally opposing
on what we do like or simply talking about anonymity and decentralization.

[capedbaldy]

Many people afraid about their document selling trough acquired when registering on some gambling casino, I don't think have easy procedure about KYC or document ID from casino gambling will sell in dark market, they have securing and regulation before adapting KYC procedure

The black market is real maybe you never access the site that sells ID documents to thousands of data, you have to take care of ID document data not to give free on all gambling and exchange sites, we can't get around the KYC request rule but at least we have checked the reputation and rating top platform that has been recommended by forum members

[_act_]

Many people afraid about their document selling trough acquired when registering on some gambling casino, I don't think have easy procedure about KYC or document ID from casino gambling will sell in dark market, they have securing and regulation before adapting KYC procedure.

That is why it is good to avoid fake or scam gambling sites, after they will try to scam many users, some users can be scammed while their identity documents can be sold in the black market. A good gambling site will try to protect their customers identity documents but what if it is hacked? Also that you should not trust any company if you do not want to feel disappointed while your data has been leaked.

Don't be serious with KYC procedure adopted at several casino gambling because several casino is free for joining without have submit KYC, but have disadvantage with limited withdrawing without submit KYC and preparing later if account get trouble have to use KYC. Have been habit with uploading document, all exchange cryptocurrency market make necessary with uploading document ID and take selfie.

What I have noticed is that deposit is easy and it requires no KYC, but if you win and want to withdraw, or you want to withdraw from the gambling site, that is when you will know that they will request for KYC before you will be able to withdraw minimum withdraw amount.

[goinmerry]

The black market is real maybe you never access the site that sells ID documents to thousands of data, you have to take care of ID document data not to give free on all gambling and exchange sites, we can't get around the KYC request rule but at least we have checked the reputation and rating top platform that has been recommended by forum members

Just in case you don't know, the first time we go through the process of KYC on a site, we already exposed our identity.

Don't believe too much that these companies will sell our identity to the black market.

But I'm not 100% ignoring the beliefs of others about that. So for that, then just stick with a reputable site in case of submitting KYC.

[alegotardo]

Unfortunately, things are changing and it's not just at online casinos, but also at exchanges and any other service that deals with cryptocurrencies.

It has been a long time (two years or more) that people could find cryptocurrencies an easy way to purchase services and products completely anonymously, today governments are very attentive to everything involving cryptocurrencies, for two reasons:

1. Bitcoin has become a real threat to many state currencies, as certain (not rare) people have discovered that it is not very complicated to live on crypto income alone.

2. Hits, hits and more hits. In the past we had a lot of cases of hacks involving millions of Bitcoins, today the values have decreased, but their correlation in Fiat has increased a lot, especially when it involves large and well-known companies in the crypto environment.

Finally, I believe that this will get worse and worse, and unfortunately everything you do will be through identification and a lot of bureaucracy.