Kryptogamers Hive No KYC Casino

[fullhdpixel]

I would be careful on any website that says no KYC is required.

That decision isn't up to them and is up to the country they operate in.

KYC is a critical component of Anti Money Laundering laws and there is no way around it.

There isn't a single reputable company (Stake, BC.Game, Duelbit) that doesn't require KYC so please keep that in mind.

If the country where they operate requires it then I think the casino will give a notice first. They will allow their players to withdraw their funds and let them decide if they will continue there by doing a KYC or not. Not just they automatically apply it because that seems unprofessional but they still can do some KYC surprises for some occasions.

If we are in doubt about it then much better if we can just play on a fully decentralized casino since I think they are the ones who will never ask for a KYC but they might be inaccessible because the governments will just ban them since they can't do anything to add KYC on them and criminals will use them the most.

[1715554922]

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[1715554922]

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[AmoreJaz]

That's incorrect, whatever casino earns from house edge, 50% directly goes to house and other half to stakers. You can find dividend info under 'dividends' section of website.

I invested in casino bankrolls some time ago, and I found it profitable, but I see a problem with it, that you have to give up your private keys for an extra return, and although it worked out well for me, I don't know if it's worth the risk.

Yesterday I talked about the Fun Token that freebitco.in promotes, giving you advantages for holding certain amounts, which at least for the first few months was less profitable than investing in bitcoin directly. The summary of everything is that I'm going to stop all this crap and I'm going to continue accumulating bitcoin, no tokens.

because your profit depends on the performance of the casino token itself. if the price is not improving or have very slow progress, better get out and look for more valuable coins like btc.

now, on the note of the site, kryptogamers, they are using the HIVE network, so it is understandable that they should not require KYC from its customers.

[Quidat]

That's incorrect, whatever casino earns from house edge, 50% directly goes to house and other half to stakers. You can find dividend info under 'dividends' section of website.

I invested in casino bankrolls some time ago, and I found it profitable, but I see a problem with it, that you have to give up your private keys for an extra return, and although it worked out well for me, I don't know if it's worth the risk.

Yesterday I talked about the Fun Token that freebitco.in promotes, giving you advantages for holding certain amounts, which at least for the first few months was less profitable than investing in bitcoin directly. The summary of everything is that I'm going to stop all this crap and I'm going to continue accumulating bitcoin, no tokens.

because your profit depends on the performance of the casino token itself. if the price is not improving or have very slow progress, better get out and look for more valuable coins like btc.

now, on the note of the site, kryptogamers, they are using the HIVE network, so it is understandable that they should not require KYC from its customers.

Basing on Don Pedro situation on where it is really that dumb for someone to give out his private keys for some extra return which is bullshit yet this do consider out to be having the full access
and control of those coins inside of that wallet on that given private keys. Gambling site investment is profitable if you are really that going for those top or known coins
but speaking about their dedicated gambling platform tokens then it isnt something that looks interesting for me and this is why i do mostly
skip out and ignore these stuffs.

[Apocollapse]

because your profit depends on the performance of the casino token itself. if the price is not improving or have very slow progress, better get out and look for more valuable coins like btc.

now, on the note of the site, kryptogamers, they are using the HIVE network, so it is understandable that they should not require KYC from its customers.

They need to accept Bitcoin payment and then promoting their casino in this forum, if they're professional and serious enough, I believe they could become the next big casino. Currently there's not many casino which offer bankroll investment, only few old casino still offer it.

Also many users are really care with their privacy, everyone will very welcome with zero KYC casino. They just need to be active, don't scam, be transparent and improve their casino.

[davis196]

This casino exists since 2019, but I've never heard anything about it. Does it have an old announcement thread in the Gambling forum?
I'm too lazy to search right now. I thought that this is an announcement thread, but it seems that OP is simply making a short review(or probably promoting the casino). I'm surprised that the Steemit and Hive tokens are still alive. Having a casino to allow deposits of such tokens seems like an interesting idea. Most of the Steemit and Hive.blog users would just earn tokens on these platforms and sell them for other crypto. Anyway, this casino seems too suspicious to me and I wouldn't bet my coins there.

[libert19]

Basing on Don Pedro situation on where it is really that dumb for someone to give out his private keys for some extra return which is bullshit yet this do consider out to be having the full access...

When you approve transaction is metamask, do you give  away your pvk?

They need to accept Bitcoin payment and then promoting their casino in this forum...

Fyi, I ain't affiliated with kryptogamers. I played there, enjoyed it, decided to create post about it as hive itself is lesser known blockchain, dapps on it even more so.

Regarding, BTC support — it's less likely. However, 'pegged BTC' is possible if team decides so.

This casino exists since 2019, but I've never heard anything about it. Does it have an old announcement thread in the Gambling forum?

It's hive based so it was announced on hive blog, profile linked in op.

it seems that OP is simply making a short review(or probably promoting the casino). I'm surprised that the Steemit and Hive tokens are still alive. Having a casino to allow deposits of such tokens seems like an interesting idea. Most of the Steemit and Hive.blog users would just earn tokens on these platforms and sell them for other crypto.

It's short review. Steemit and Hive are active blockchains, dunno why people think otherwise.

[ethereumhunter]

If this casino has been around for a long time but is not well known by many gamblers, especially friends here, maybe it's because this casino doesn't offer big promotions like other casinos and prefers to promote underground. Maybe it's good for the casino to keep the attention away from the government who wants to ask something from them so they can still operate without any supervision from the government. Hopefully, a representative from the casino will come to this forum and provide the latest updates about the casino.

[Daltonik]

Well, the problem of the lack of widespread popularity of many online casinos using tokens, where there is no KYC, although many players prefer casinos without KYC, but the need to connect their wallet to the site every time repels many, since you can get just to some phishing site, for example.

[Yatsan]

I'm fine with Kyc procedures especially the casino has a good reputation. The only risk involve in this process is that your identities might be used on things without your consent right? But that I think would be somehow impossible. There are as well many advantages of it which I lately realized such as not allowing quick withrawals in connection with hacked accounts. Also, it would limit those players (depends on the kyc requirement 'coz IDs could be somewhat faked) especially minors to be able to play in casinos. From engaging to many sites with KYC, I had no problem so far so maybe it just depends on the sites you are choosing. A site with no kyc is not enough I guess to be interesting to the eyes of players.

[goaldigger]

Well, the problem of the lack of widespread popularity of many online casinos using tokens, where there is no KYC, although many players prefer casinos without KYC, but the need to connect their wallet to the site every time repels many, since you can get just to some phishing site, for example.

This is the problem with decentralized, some platform is not worthy of connecting your wallet since there’s still a risk on that. Also, their marketing affects their reputation, I’m not familiar with this platform and maybe they are not here in the forum as they have no official representative to market their project. Maybe they can also consider this forum as their marketing place so we can know if this is a good site and raise our concern. Having no KYC in crypto gambling still prefer by many, but of course it will still depend on a site.

[DoublerHunter]

Well, the problem of the lack of widespread popularity of many online casinos using tokens, where there is no KYC, although many players prefer casinos without KYC, but the need to connect their wallet to the site every time repels many, since you can get just to some phishing site, for example.

^ Decentralized casino or no KYC is very attractive to gamblers that want to hide their privacy for their own purpose and I also like this idea. Yes, they are using smart contracts when you want to gamble, there is no need to deposit and all you have to do is connect your wallet. Now, you are worried about that fishing site, you can simply bookmark the gambling website so that it is easy for you to look back, and use a dummy wallet account when you want to connect to the casino, not your main wallet. In that way, you can protect your wallet form possible phishing sites.

[traderethereum]

Well, the problem of the lack of widespread popularity of many online casinos using tokens, where there is no KYC, although many players prefer casinos without KYC, but the need to connect their wallet to the site every time repels many, since you can get just to some phishing site, for example.

^ Decentralized casino or no KYC is very attractive to gamblers that want to hide their privacy for their own purpose and I also like this idea. Yes, they are using smart contracts when you want to gamble, there is no need to deposit and all you have to do is connect your wallet. Now, you are worried about that fishing site, you can simply bookmark the gambling website so that it is easy for you to look back, and use a dummy wallet account when you want to connect to the casino, not your main wallet. In that way, you can protect your wallet form possible phishing sites.

Also, if you still want to use that decentralized casino, you have to install one other wallet that you only use to gamble in that casino.
You can get security as long as you are connected to the casino and do not have to worry if the wallet is hacked one day because you don't have any of your other money.
That way, you can save all your assets or money in your main wallet so there will be no problem.
But the casino must really be able to prove that their casino is really safe from hacking and they can protect the casino from various attacks that might come later.

[klidex]

For me casinos asking for KYC requirements is not a difficult thing for me to do and I will be happy to make KYC.
But not all casinos, I only register and play at trusted casinos and already have a good reputation and are known by many gamblers around the world.
If some of the casinos I use ask for KYC when depositing or withdrawing large amounts, I won't hesitate to give it because I myself have confidence and trust the casino so it doesn't make me think that the casino will use my personal data to take actions that are not wanted.
But it seems more gamblers like casinos without KYC and it's their choice and passion so we shouldn't think about it too much.

[delfastTions]

But it seems more gamblers like casinos without KYC and it's their choice and passion so we shouldn't think about it too much.

Yeah!  Exactly! 
A huge number of gamblers prefer to remain anonymous when playing in one or another casino.  Especially when it comes to deposits and bets in cryptocurrencies.  Millions of players have many reasons why they are unwilling, unable, or afraid to provide casinos with their personal data under the KYC procedure.  These are family circumstances and circumstances at work, finally a person lives in a country where there are bans on gambling and so on.  The list of circumstances can be continued and it is huge indeed. 

So the non-KYC casino sector in the global online casino market must of course be as huge as the number of such players who wish to remain anonymous. 
These are exactly hundreds of millions of players from different countries and continents!!!

[Eureka_07]

<snip>

I don't see any section related to FAQs or Terms of Service. Does this site have that? Also, are you associated with them? Are you the owner? Or what?
How do withdrawal and betting work with this kind of casino?

If this is the official thread for the website, good luck and welcome.

[Silberman]

besides we must assume that the 50% comes from the profits the casino can generate and not its income, so before there is any kind of distribution of the funds the casino has, the casino can pay all their bills and once this is done then they can distribute half of the money that remains to those staking their coins, which means that if the casino gets no profits then no money is distributed at all, this makes the model not as unsustainable as it may seem at first sight.

That's incorrect, whatever casino earns from house edge, 50% directly goes to house and other half to stakers. You can find dividend info under 'dividends' section of website.

https://i.imgur.com/g9UmJ2S.jpg

I will admit I am surprised this is the case as literally the casino has to survive with just half of its income and then pay taxes on top of that in whatever jurisdiction in which they may be located, this makes the model way less sustainable and I hope that whoever is staking their coins is very careful about this as they will never know when the casino will simply not obtain enough profits to sustain itself and just disappear out of nowhere.

[libert19]

<snip>

I don't see any section related to FAQs or Terms of Service. Does this site have that? Also, are you associated with them? Are you the owner? Or what?
How do withdrawal and betting work with this kind of casino?

If this is the official thread for the website, good luck and welcome.

I ain't associated with them, all they have is hive blog and discord.

It's on-chain meaning for each bet smart contract is executed (you have to confirm this interaction through your hive wallet first), in case of win you will be paid out to your wallet directly.

There is no third party holding funds for you, all action happens on blockchain.

[Daltonik]

Regarding, BTC support — it's less likely. However, 'pegged BTC' is possible if team decides so.

Actually an online casino kryptogamers.com it was created around the Hive token and it does not support bitcoin, it is also allowed to discuss everything that was created around bitcoin, it is strange that the thread was not transferred to the Service Announcements (Altcoins) board.

[libert19]

Regarding, BTC support — it's less likely. However, 'pegged BTC' is possible if team decides so.

Actually an online casino kryptogamers.com it was created around the Hive token and it does not support bitcoin, it is also allowed to discuss everything that was created around bitcoin, it is strange that the thread was not transferred to the Service Announcements (Altcoins) board.

One can create tokens on hive, just like wbtc on ethereum. That's what I meant by 'pegged BTC'.

Thread is about casino, gambling board seemed appropriate. Where is it written that only  BTC casinos are allowed to be discussed here? You can always report.

[Kryptogamers]

Thanks @libert19 for posting as all your answers are correct. For those who are not aware of us, here's a brief introduction of Kryptogamers Casino:

Kryptogamers.com is a Provably Fair Non-Custodial Casino built on Hive Blockchain on 2019. In simple words, anyone with a Hive account and a Metamask-like wallet such as "Hive Keychain" can play on Kryptogamers without ever having to deposit a single penny. As all transactions on Hive Blockchain are free and have a block-time of only 3 seconds, games can be played directly through your "Hive Keychain" wallet with ZERO risk of private key exposure OR locked funds as funds are in YOUR wallet (No Deposit/Withdraw) at all times and all winnings are instantly transferred to your wallet.

Regarding Profit Sharing, we give away 50% of all Gross Profits based on House Edge of each game (Varies from 0.5% - 5%) to all our players daily at 8:30 AM UTC proportionately based on their staked gamer tokens.

We also have the option of custodial funds for players who prefer quick seamless user experience play on mobile over a bit unfriendly user experience which comes with non custodial wallets.

Support: We have a Discord channel support through which we resolve all your queries/issues within maximum 24 hours.

Our website: https://kryptogamers.com/
Our Discord: https://discord.gg/KpFUZh2

Feel free to ask us anything regarding Kryptogamers or gambling in general as we ourselves are degen gamblers.