How my lack of knowledge has blinded me so far

[Slow death]

has anyone here ever heard that the government of curacao has decided to carry out inspections in all the casinos that they have granted licenses to?

has anyone here already reported a casino in curacao and the government of curacao ever took any action against the casino? Has anyone seen this happen?

so by that I mean that many casinos even exaggerate in forcing all customers to make KYC at the time of withdrawal, they allow the customer to make a deposit, play, lose, but if he wins at the time of withdrawal, the casino asks for KYC, so I even I ask: did the curacao really tell them to do it like this? I think not. many casinos are taking advantage of KYC to commit abuse against customers, and it is new casinos that have been doing this, casinos with less than 2 years are doing this type of thing

I understand that casinos need to comply with the laws, and use KYC, but they need to be moderate and have common sense, a person who makes a deposit of 50$, loses 48$ and wants to withdraw 2$, will this really be Is such a person laundering money to be asked for KYC? with 2$ are you doing money laundering? can the 2$ left after losing 48$ be seen as a suspicious account that needs KYC? there are things that honestly are very exaggerated and meaningless. scammers, steal millions of dollars, they are not stupid to go launder money in a casino when they can use mixer service

[GxSTxV]

1. Why the need for KYC.

2. Why pretend they won't ask for KYC, but ask for verification after a big win.

While my lack of knowledge has kept me away from several big online casinos in this forum, I decided to do some additional research in my spare time.

It's always good to conduct research before getting to a conclusion to avoid misunderstanding and finding yourself in a bad and embarrassing position. This is especially happening in the scam accusation section here in Bitcointalk where many newbies open daily topics where they accuse legitimate casinos of scamming and it’s simply because they were asked to pass the KYC process. They attack the casino without even completing the required step and only understand the situation after the casino provides an explanation.

Well as an alternative for those who prefer to remain anonymous, Dapp casinos are an option that doesn't require registration or passing the KYC step and we see new growing casinos every day.

[goinmerry]

If we have complaints regarding KYC, then don't comply with that. We are not forced in the first place to use the said gambling site. We can't force our own sentiments on gambling sites since these gambling companies are just following all terms to make their business legit. Since one of the requirements of being a legit gambling site is to comply with terms under AML or related to money laundering, KYC will really include on their terms,

For now, let's just be happy that some crypto-gambling sites are not forcing their users to comply with KYC. Let's enjoy that advantage for now as I don't even see that KYC will be quickly forced overnight and a must necessary requirement in crypto-gambling sites.

Lost of reputable and famous crypto-gambling sites around which we can enjoy gambling without KYC for now. Sticking with those is the best thing to do.

[kotajikikox]

To be honest, i dont understand why some ppl so mad at KYC... and would like to know opinions of who is against that, just to understand an their view.

actually most people that go against KYC when dealing in Online gambling discussion here are mostly not a real gamblers instead those are the accounts that only follow others post and not really a gambler on their own.
because if you truly gamble here and knows the crypto gambling? then you must also understand that for us to withdraw big amount once we got lucky to have? then the issue of KYC will always comes out though there are still casino that does not implement these yet expect this to happen in the coming days or years.

Some won't KYC as long as each transaction is under 5000 NAf. That was the rule at one time so it may have changed. They will set their own weekly or daily limit. Some books may KYC for a withdrawal of $50 USD. The laws in Costa Rica are different than those in Curacao. Each book seems to do it differently. Depending on the amount, some may even ask for source of funds. Then there are casinos asking for KYC to come up with a reason not to pay.

indeed mate, but what I try to say is that some casino may not implement KYC while we are playing (winning/Losing) small amount but once we hit the jackpot or some amount near to that? then this KYC thing comes and we have no choice but to comply.
in that sense I wanted people to be ready or never play in online casino to prevent this KYC obligation .

[Don Pedro Dinero]

indeed mate, but what I try to say is that some casino may not implement KYC while we are playing (winning/Losing) small amount but once we hit the jackpot or some amount near to that? then this KYC thing comes and we have no choice but to comply.
in that sense I wanted people to be ready or never play in online casino to prevent this KYC obligation .

As I commented the other day in a thread in the Meta section, this does not only happen with cryptocurrency casinos. It also happens for example with the lottery website in Spain, which is a public entity owned by the Spanish state. You can deposit and bet small amounts, but after a certain limit you have to pass the full KYC, even though you deposit with a bank card, with your name.

So people should not be so surprised, and above all they should read the ToS before depositing and betting.

[BobK71]

To be honest, i dont understand why some ppl so mad at KYC... and would like to know opinions of who is against that, just to understand an their view.

actually most people that go against KYC when dealing in Online gambling discussion here are mostly not a real gamblers instead those are the accounts that only follow others post and not really a gambler on their own.
because if you truly gamble here and knows the crypto gambling? then you must also understand that for us to withdraw big amount once we got lucky to have? then the issue of KYC will always comes out though there are still casino that does not implement these yet expect this to happen in the coming days or years.

Some won't KYC as long as each transaction is under 5000 NAf. That was the rule at one time so it may have changed. They will set their own weekly or daily limit. Some books may KYC for a withdrawal of $50 USD. The laws in Costa Rica are different than those in Curacao. Each book seems to do it differently. Depending on the amount, some may even ask for source of funds. Then there are casinos asking for KYC to come up with a reason not to pay.

indeed mate, but what I try to say is that some casino may not implement KYC while we are playing (winning/Losing) small amount but once we hit the jackpot or some amount near to that? then this KYC thing comes and we have no choice but to comply.
in that sense I wanted people to be ready or never play in online casino to prevent this KYC obligation .

The basic thing is that if you have to gamble more than a specific limitation, you must pass the KYC. If I own a casino site myself, I have to know about some of the gamblers who play large with the large amount. Otherwise I will not get rid of any legal complications. Must do this for my self and for my company. However, if anyone conducts their gaming within the specified range, no one will have any problem with the KYC. If this site does not provide any restriction.

[Pierre 2]

Asking for KYC was something optional in past but since online gambling businesses flourished in covid era it became a literal norm. People can't get used to changing laws in the world. You can compare crypto's ico era and now a a proof. Its too hard to be fraud and not get accused now. I also thought kyc is bad thing in past. But if i lose some portion of money as a result of some mistake in website, kyc can actually help me. I learned this.

[Reatim]

exactly what acquiring knowledge should do, change your mindset for the better and give you advanced information about something, I love the fact that you've see the need for kyc.

experience is the best teacher mate so OP had just to learn it the hard way but the essence of learning still lives on it so let us not fall from that same mistake so there will be no one to suffer like what op did.
gambling is about to lose if we are not knowledgeable mate, kyc or other policies may apply .

[len01]

Asking for KYC was something optional in past but since online gambling businesses flourished in covid era it became a literal norm. People can't get used to changing laws in the world. You can compare crypto's ico era and now a a proof. Its too hard to be fraud and not get accused now. I also thought kyc is bad thing in past. But if i lose some portion of money as a result of some mistake in website, kyc can actually help me. I learned this.

in the end now gamblers have to get used to casinos asking for KYC when needed such as big wins, and gamblers also have to be prepared with all the risks.
at first I also didn't agree with the KYC method for withdrawing large amounts at casinos, but after I got used to it I inevitably had to comply with these conditions. and if it has to be done at a popular and reputable casino, that's fine with me. but if it happens to a new casino and don't have any trust yet, I hesitate to do that. because sometimes at casinos that don't know KYC it will only make excuses not to pay customers who win big but customers have been at a loss because they sent KYC personal data but in vain can't withdraw the winnings.

experience is the best teacher mate so OP had just to learn it the hard way but the essence of learning still lives on it so let us not fall from that same mistake so there will be no one to suffer like what op did.
gambling is about to lose if we are not knowledgeable mate, kyc or other policies may apply .

OP didn't suffer anything, he just told me about his experience, now he knows why big casinos here ask for KYC and OP shares it here so that we all know what actually happens to KYC in big casinos in this forum.

experience is very important not only in real life but in gambling it also requires experience to bet carefully with responsibility and from experience we can know the opportunities to bet last a long time in gambling.

[_act_]

KYC is normal in a licensed casino, as long as the reputation of the casino is high and trustworthy, I don't think it's a big matter. If you're fine to submit KYC on a centralized exchange, why you're afraid of submitting KYC on a casino? when both of them already proven if they've handle a lot gamblers, money and their brands are visible on many sports.

This should be people's choice, some people just like privacy and they do not want to lose it. I do not care about KYC on gambling sites too, but some people have huge amount of money and some people just want to remain anonymous.

Of course, online casinos are required to enter KYC in order to obtain a license and comply with the laws of the host territory, but this does not mean that the presence of KYC protects the user from fraud by the casino itself. This is a two-way road and here, in any case, you need to conduct research on trust in this or that online casino, not trusting just the presence of KYC.

Even providing KYC can be an indirect ways for someone to be scammed if the KYC is sold to another party and be used for indirect phishing attack which inexperienced users can fall into. There is nothing impossible.

[Cryptoababe]

For me, I don't like online Gambling platform. I used to feel like its being programmed to make you later lose your funds. For the KYC parts, some platform steals KYC and even delete user account after that. So, its dangerous in both part. With this my little understanding, I stay away from gambling generally

[AicecreaME]

The list you have made actually makes sense which why casinos ask for KYC despite many players are against it. Most casinos are regulated by the government, therefore, they have to abide the rules set for them in order to operate which sometimes include verification of their customers. Additionally, they are also filtering the people using their platforms as an escapegoat to launder money. Thus, monitoring the transactions of each is needed.

However, some people are unaware and oblivious of these reasons which is why they loathe KYC. Some knew, but does not like it still. And I can't blame them though since it's still matter of preference.

[Westinhome]

We need to agreed with the first rule of the gambling websites by agree to submit your kyc.Because they can use the kyc for anything,we don’t know the kyc was used in the right manner.So if you are not okay to share your kyc for the game,you should avoid it at the foremost time.Because people with less knowledge will share their kyc without knowing the negative impact of the thing.It doesn’t mean all the websites using your kyc for the mal practice,but some was involved in such things.It’s not feeling hesitation to use on trusted gambling site of your kyc.

[Jawhead999]

We need to agreed with the first rule of the gambling websites by agree to submit your kyc.Because they can use the kyc for anything,we don’t know the kyc was used in the right manner.So if you are not okay to share your kyc for the game,you should avoid it at the foremost time.Because people with less knowledge will share their kyc without knowing the negative impact of the thing.It doesn’t mean all the websites using your kyc for the mal practice,but some was involved in such things.It’s not feeling hesitation to use on trusted gambling site of your kyc.

Not entirely correct, most of casinos are licensed and have mandatory KYC rule in their terms, but there are few casinos which is free from KYC and they will never ask your KYC, otherwise the site turn become scam. Freebitco.in is the example where it will never ask your KYC, you can check on their terms and you will not find any rule about KYC. Unlike other casinos when they see there's an account has suspicious activity or broke their terms, they will ask KYC. But in Freebitco, they will directly terminate your account.

[maydna]

For me, I don't like online Gambling platform. I used to feel like its being programmed to make you later lose your funds. For the KYC parts, some platform steals KYC and even delete user account after that. So, its dangerous in both part. With this my little understanding, I stay away from gambling generally

It's great if you can stay away from gambling after a bad experience. But I guess some online crypto casinos still don't do as bad things as you have experienced. And it depends on how you can find and get those online crypto casinos.

But if you feel that all gambling platforms will steal your KYC and even delete user accounts, then you don't need to approach gambling and you are already doing good for that. But so far, I think many people still play gambling at online crypto casinos and their accounts are still safe. And it's up to each person.

[Wakate]

indeed mate, but what I try to say is that some casino may not implement KYC while we are playing (winning/Losing) small amount but once we hit the jackpot or some amount near to that? then this KYC thing comes and we have no choice but to comply.
in that sense I wanted people to be ready or never play in online casino to prevent this KYC obligation .

As I commented the other day in a thread in the Meta section, this does not only happen with cryptocurrency casinos. It also happens for example with the lottery website in Spain, which is a public entity owned by the Spanish state. You can deposit and bet small amounts, but after a certain limit you have to pass the full KYC, even though you deposit with a bank card, with your name.

So people should not be so surprised, and above all they should read the ToS before depositing and betting.

Reading the terms and conditions is very important but sometimes it might not be stated there just like she platforms that always keep updating there terms. The best is to stick to a non KYC casinos since it is becoming a normal for  some casinos to keep asking for verification when we make big winnings or when we want to  make withdrawals.

I like sticking to a well known casino so that if I have a problem I can quickly get a reply from there team or come here and complain. Asking questions and doing research is another way we can escape the stress of doing a compulsory verification.

[rhomelmabini]

I like KYC if it involves my money they will gonna hold but totally unlike it if it's too random without prior notice that they'll asked it on you, more so when they press it. The thing is, the government is the true sucker in the first place they're the one pressing it against on players. At certain point, it sure to exists and more and more will follow the KYC rule in the future.

[Yatsan]

I personally cannot and will not blame those people who are in doubt and worried of KYC procedures because they have their own reason; protecting their identity. Their reason is valid in the first place since one's personal infos could be used in a bad way especially if hackers would be able to access the system of a gambling platform or the platform itself has the intention to do so. But as OP have mentioned, this procedure has its purpose. The only thing that could lessen your worries is to engage only with platforms having good reputation in this industry because they won't be in such position for nothing, unlike with engaging to any platform without caution. KYC could limit minors and easily withrawing your funds, which are aspects I consider of it.

[Solosanz]

I like KYC if it involves my money they will gonna hold but totally unlike it if it's too random without prior notice that they'll asked it on you, more so when they press it. The thing is, the government is the true sucker in the first place they're the one pressing it against on players. At certain point, it sure to exists and more and more will follow the KYC rule in the future.

Yeah, even there are few casinos aren't asking user KYC since they don't have any rule about KYC in their terms, I wouldn't surprised sooner or later they will be forced to have a license and obviously will follow the regulations. This might happen on old and reputable no KYC casino, a small casino will not be a target by the government since the money involved on the site isn't that big.

[danherbias07]

Thank God someone understands it. How I wish all those who try to enter the gambling platform do think as you do.

There's always a reason why businesses would go far on becoming strict about their rules.
First, how can they serve us better if we just keep on complaining about a mere KYC?
Second, it's to save their business which means we don't have to go far at looking for other online casinos which could lead us to be scammed by a non-reputable one.
Lastly, it's avoiding being a target of those crocodiles who "enforce the law". It saves both parties the trouble of going thru every players just so they could prove they are not doing any illegal activities.

A good share OP. Thanks.