is KYC data on Gambling sites safe?

[Alphie12]

KYC is never safe to give out.

[wxa7115]

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.
 
Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

Like you I make very small bets so I never had any problem with the withdrawals I ask, as this I something rare to begin with it as I usually deposit only the money I want to gamble and just leave it there until it runs out.

But on the instances in which I have asked a withdrawal then the money is sent to my address in a matter of minutes, however if I was forced to go through KYC as I obtained a massive win when I gambled then I would do so as I only gamble at some of the best casinos we have on the forum and I have no doubts about their reputation, but I will admit that if given the choice I would prefer to keep my privacy and avoid that process.

[bittraffic]

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.
 
Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

Like you I make very small bets so I never had any problem with the withdrawals I ask, as this I something rare to begin with it as I usually deposit only the money I want to gamble and just leave it there until it runs out.

But on the instances in which I have asked a withdrawal then the money is sent to my address in a matter of minutes, however if I was forced to go through KYC as I obtained a massive win when I gambled then I would do so as I only gamble at some of the best casinos we have on the forum and I have no doubts about their reputation, but I will admit that if given the choice I would prefer to keep my privacy and avoid that process.

Its a hole to the system they have for now which anyone who withdraw just few satoshis will not be asked to submit KYC. Its something the regulators could ignore.

If sooner the casinos will ask KYC upon withdrawing just $100, small users will walk out. Not gonna be a worth while inmy opinion.

[Solosanz]

People will say KYC isn't safe, but we all know they're lying because they've submitted KYC on various platforms.

If people really care with their privacy, they must be not sign in any centralized platforms including centralized exchange e.g. Binance. Submitting KYC on Binance is similar like you submitting your KYC on a centralized casino, you wouldn't know what they will do with your KYC.

[EarnOnVictor]

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.
 
Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

Like you I make very small bets so I never had any problem with the withdrawals I ask, as this I something rare to begin with it as I usually deposit only the money I want to gamble and just leave it there until it runs out.

But on the instances in which I have asked a withdrawal then the money is sent to my address in a matter of minutes, however if I was forced to go through KYC as I obtained a massive win when I gambled then I would do so as I only gamble at some of the best casinos we have on the forum and I have no doubts about their reputation, but I will admit that if given the choice I would prefer to keep my privacy and avoid that process.

I've never kicked against KYC and never will I as this is a procedure that must be satisfied by any regulated entity. However, the regulation as good as it is in trying to protect our funds and rights might still be a reason why many would be forced to leak their data into the hands of bad people. This is real, and no matter how you think you trust a company, it's the personal integrity of the employee and management that will preserve your data.

And as for casinos, many might be using a kind of dangerous mindset for them but they are still companies. They have laws to abide by, so it shouldn't be much problem, or do we even have a choice?

[delfastTions]

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.
 
Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

Like you I make very small bets so I never had any problem with the withdrawals I ask, as this I something rare to begin with it as I usually deposit only the money I want to gamble and just leave it there until it runs out.

But on the instances in which I have asked a withdrawal then the money is sent to my address in a matter of minutes, however if I was forced to go through KYC as I obtained a massive win when I gambled then I would do so as I only gamble at some of the best casinos we have on the forum and I have no doubts about their reputation, but I will admit that if given the choice I would prefer to keep my privacy and avoid that process.

I've never kicked against KYC and never will I as this is a procedure that must be satisfied by any regulated entity. However, the regulation as good as it is in trying to protect our funds and rights might still be a reason why many would be forced to leak their data into the hands of bad people. This is real, and no matter how you think you trust a company, it's the personal integrity of the employee and management that will preserve your data.

And as for casinos, many might be using a kind of dangerous mindset for them but they are still companies. They have laws to abide by, so it shouldn't be much problem, or do we even have a choice?

I, too, would prefer to keep my privacy whenever possible.  And if we are talking about payments in cryptocurrency, then in general it was invented and created in such a way as to ensure the anonymity of payments.  This is its main advantage and feature. 
Therefore, when a casino or another site with payments in cryptocurrency requires KYC, otherwise it simply will not give you your money, this violates this principle simply completely.  With the same success, you can simply place bets and play with dollars or local fiat currencies.  There is no difference whatsoever.  And now the obvious question arises - why do you need to pay with cryptocurrency at all when it’s easier and faster and with a lower commission (usually) to do it with fiat? 

In general, legislators have distorted the whole essence of the cryptocurrency and neutralize its main function by introducing KYC and generally verifying the identity of the owner of the cryptocurrency.  And I don't like it at all.

[Apocollapse]

I, too, would prefer to keep my privacy whenever possible.  And if we are talking about payments in cryptocurrency, then in general it was invented and created in such a way as to ensure the anonymity of payments.  This is its main advantage and feature.  

Incorrect, not all cryptocurrency are created to ensure the anonymity of the users, most of them are centralized and they've track your IP address. As long as you're not run a full node on your wallet, this mean the validator know your location. If you have shared your KYC on the centralized exchange, then we can assume there's no privacy anymore when you're using that coins.

In general, legislators have distorted the whole essence of the cryptocurrency and neutralize its main function by introducing KYC and generally verifying the identity of the owner of the cryptocurrency.  And I don't like it at all.

Like or not, if you're keep using a centralized exchange, you're not protecting your privacy at all.

[Bitcoin_people]

I have seen that many gambling sites do not complete withdrawals until KYC is done. However, there are many gambling sites that don't require KYC to make quick withdrawals. And these very fast withdrawal platforms from casino sites are very popular among people. But people think of placing bets on casino platforms that cannot withdraw money without KYC. Because they don't invest in these platforms fearing that the people of the casino platform will misuse this identity document. But I definitely think that there is a worry in all platforms where money cannot be withdrawn without KYC. So if I bet on any casino platform that has a KYC system, I will definitely refrain from gambling.

[Baobab -Three]

For me to do Kyc on any site of gambling or exchange is risky, money laundering is just an excuse to take and file user data, for security is just enough a 2fa or a strong password

[so98nn]

It should be. If they are doing players KYC then they are abiding to the laws of local authorities. They have audited accounts and thus book keeping includes everything from managing the funds to ensuring the KYC verification. If that’s the case then they have to have Safe lock for all the KYC data.

On a simple note, if there is any breach in the data then surely they could end up losing their gambling license, they will get filed for lawsuit from the players and basically they will end up in jail. Anything can happen from defaming to jailing so they will have to have that much safety.

[BenCodie]

As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?

Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.
 
Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.

Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?

No, it isn't. KYC data is not secure virtually anywhere that you send it. Sending your personally identifying information to a third party is unlikely to mean that it will be handled with sensitivity, let alone a casino.

The solution? Don't use casinos that ask for KYC. Don't use web2 casinos that can possibly ask for KYC or claim you broke their terms of service. Find web3 casinos that work on smart contracts instead.

Most casinos in this board should not be trusted with your money/crypto or your ID.

[CryptSafe]

Depends on which site you're submitting your KYC info to. Most of the time, casinos that are requesting these information are already registered and in contact with the government, so at least you know that you will have something to chase whenever something goes wrong. I wouldn't really trust these platforms 100% though, as there is always a risk of leaked information even though they themselves are not the ones leaking the information in the first place. Perhaps just pass the basic KYC and that's it.

I agree with you mate there is always the possibility of information leak through the casino or not definitely, when the government demands the identity of their registered members, they would never say no because they are under their jurisdiction so they would and must give it to them otherwise they stand the chance of losing their license. Most times, information leaks are not just what we think they are, possibly, there must be an investigation n or about account activities which would further bring that account holder under watch by the government through the casino. That is why most or sometimes you hear an account holder complains of the account being suspended /blocked and funds seized without any response and sometimes you do not hear from the account holder again.

[ultrloa]

Depends on which site you're submitting your KYC info to. Most of the time, casinos that are requesting these information are already registered and in contact with the government, so at least you know that you will have something to chase whenever something goes wrong. I wouldn't really trust these platforms 100% though, as there is always a risk of leaked information even though they themselves are not the ones leaking the information in the first place. Perhaps just pass the basic KYC and that's it.

I agree with you mate there is always the possibility of information leak through the casino or not definitely, when the government demands the identity of their registered members, they would never say no because they are under their jurisdiction so they would and must give it to them otherwise they stand the chance of losing their license. Most times, information leaks are not just what we think they are, possibly, there must be an investigation n or about account activities which would further bring that account holder under watch by the government through the casino. That is why most or sometimes you hear an account holder complains of the account being suspended /blocked and funds seized without any response and sometimes you do not hear from the account holder again.

Possibilities are there but chances for this to happen are slim so we need to choose the best or reputable casino so that we will not experience that situation that we may regret in future. Being selective on the platform you submit your identity is a must for us to do since we don't want to experience any issue like that this since its really a big trouble if our data will leak and those criminals will have it. Also don't post anywhere that you have balance/funds on any platform so that you will not became the target on any possible attacks.

[ethereumhunter]

It should be. If they are doing players KYC then they are abiding to the laws of local authorities. They have audited accounts and thus book keeping includes everything from managing the funds to ensuring the KYC verification. If that’s the case then they have to have Safe lock for all the KYC data.

On a simple note, if there is any breach in the data then surely they could end up losing their gambling license, they will get filed for lawsuit from the players and basically they will end up in jail. Anything can happen from defaming to jailing so they will have to have that much safety.

It is important to maintain the security of their customer's data, whether they will use any method to secure their data. We just leave it completely to them without knowing how they will do it. They try to comply with local authority laws and we also try to follow the rules of the casino by doing KYC. Therefore, we really have to be able to find a trusted casino that can really secure our data.

If the data gets hacked by hackers, the casino must be responsible to the users and local authorities and indeed, they can lose their gambling license. At the same time, owners and teams may be punished for neglecting their obligations. But we have to really choose the casino so we don't have to worry if we have to do KYC.

[coinerer]

Depends on which site you're submitting your KYC info to. Most of the time, casinos that are requesting these information are already registered and in contact with the government, so at least you know that you will have something to chase whenever something goes wrong. I wouldn't really trust these platforms 100% though, as there is always a risk of leaked information even though they themselves are not the ones leaking the information in the first place. Perhaps just pass the basic KYC and that's it.

I agree with you mate there is always the possibility of information leak through the casino or not definitely, when the government demands the identity of their registered members, they would never say no because they are under their jurisdiction so they would and must give it to them otherwise they stand the chance of losing their license. Most times, information leaks are not just what we think they are, possibly, there must be an investigation n or about account activities which would further bring that account holder under watch by the government through the casino. That is why most or sometimes you hear an account holder complains of the account being suspended /blocked and funds seized without any response and sometimes you do not hear from the account holder again.

Possibilities are there but chances for this to happen are slim so we need to choose the best or reputable casino so that we will not experience that situation that we may regret in future. Being selective on the platform you submit your identity is a must for us to do since we don't want to experience any issue like that this since its really a big trouble if our data will leak and those criminals will have it. Also don't post anywhere that you have balance/funds on any platform so that you will not became the target on any possible attacks.

Yes KYC is no problem in reputable casino its much better.  Because kyc keeps our accounts very safe and our funds are very safe. If a customer faces any problem after kyc, he can blame the casino site for it.  But without kyc verification he cannot blame the casino site if he gets into trouble and loses his funds.  And that's why keeping kyc complete is a good thing.  But before doing kyc must be sure that it is a trusted and reputable site

[Haunebu]

People will say KYC isn't safe, but we all know they're lying because they've submitted KYC on various platforms.

If people really care with their privacy, they must be not sign in any centralized platforms including centralized exchange e.g. Binance. Submitting KYC on Binance is similar like you submitting your KYC on a centralized casino, you wouldn't know what they will do with your KYC.

Hilarious. Why in the world would you compare an exchange with a gambling site? Both are completely different entities with similar payment methods.

Some people definitely lie for sure, but some don't like me. Think before declaring such bold statements. Also, for your information, Binance does allow investors to trade without KYC albeit with lower limits and some other restrictions.

[virasog]

People will say KYC isn't safe, but we all know they're lying because they've submitted KYC on various platforms.

No, they are not lying, KYC is not safe at any site but yes everyone do KYC including myself because we have no choice. If i want to gamble at a good reputed site, i have no option but to perform the KYC. If I don't do KYC, I would be left with very limited choices and in most case, it would be like I end up playing at some scam site and lose all my money.

We just do not have the option to go with NO-KYC thing as yet. Right now we have no option but to accept the fact that KYC is mandatory for gambling.

If people really care with their privacy, they must be not sign in any centralized platforms including centralized exchange e.g. Binance. Submitting KYC on Binance is similar like you submitting your KYC on a centralized casino, you wouldn't know what they will do with your KYC.

Well, if you do not sign up at binance, the most trusted exchange, then you won't be doing the trading. Same goes for the gambling sites. You want to play at good gambling sites and therefore you have to do the KYC. Even these reputed sites can misuse our KYC data but as i said, we don't have a choice, do we 

[danadc]

People will say KYC isn't safe, but we all know they're lying because they've submitted KYC on various platforms.

If people really care with their privacy, they must be not sign in any centralized platforms including centralized exchange e.g. Binance. Submitting KYC on Binance is similar like you submitting your KYC on a centralized casino, you wouldn't know what they will do with your KYC.

Hilarious. Why in the world would you compare an exchange with a gambling site? Both are completely different entities with similar payment methods.

Some people definitely lie in this for sure, but some don't like me. Think before declaring such bold statements. Also, for your information, Binance does allow investors to trade without KYC albeit with lower limits and some other restrictions.

Well, KYC things are taken from many points of view, for example when they ask for the kyc there are people who are offended and I understand that it is because it deals with cryptocurrencies, and it is not fair that data is requested when dealing with cryptocurrencies, I I include that I have given my kyc in casinos, but not in all, because there are casinos that turn out to be frauds and that later sell or filter that data and that is not the idea that others know the data, especially when they are from players who have a lot of money, the kyc should not have or exist, but as it is a requirement or way it should be done , but it should be that the kyc does not exist.

[Cling18]

People will say KYC isn't safe, but we all know they're lying because they've submitted KYC on various platforms.

No, they are not lying, KYC is not safe at any site but yes everyone do KYC including myself because we have no choice. If i want to gamble at a good reputed site, i have no option but to perform the KYC. If I don't do KYC, I would be left with very limited choices and in most case, it would be like I end up playing at some scam site and lose all my money.

We just do not have the option to go with NO-KYC thing as yet. Right now we have no option but to accept the fact that KYC is mandatory for gambling.

If people really care with their privacy, they must be not sign in any centralized platforms including centralized exchange e.g. Binance. Submitting KYC on Binance is similar like you submitting your KYC on a centralized casino, you wouldn't know what they will do with your KYC.

Well, if you do not sign up at binance, the most trusted exchange, then you won't be doing the trading. Same goes for the gambling sites. You want to play at good gambling sites and therefore you have to do the KYC. Even these reputed sites can misuse our KYC data but as i said, we don't have a choice, do we 

I have complied with the KYC requirements from numerous reliable sites, and so far I have not run across any issues. No people have complained  that their private information has been exposed. I believe that the site we chose will still influence our level of safety. It would be best to play at known online casinos so that we won't run into problems, especially if we have any reservations.
For me, it would be best to comply with the KYC requirements as soon as they are implemented in order for us to avoid any issues with our future transactions. Choosing a casino site that won't require KYC but has several warning signs is preferable than enjoying all the benefits of a reliable site without restriction. The reputation of a casino remains a key concern.
KYCs nowadays aren't too complicated so it would be better if we follow the rules and TOS and for sure, reputable casinos will protect our personal details since they are also protecting their reputation.

[paxmao]

Of course, it is important to remain vigilant and informed about data privacy practices when engaging with online platforms, including gambling sites and particularly if you are using the ones that belong to less reputable jurisdictions. Use the forum, read and make sure you go for reputable sites with long standing presence in the forum and on-line. That is the best protection.