How Confident Are You In The Reliability of the KYC system

[Josefjix]

This is the downside of KYC as we don’t actually know who are selling the data to other companies and yes some site are using this option to make excuse on paying the gamblers with their winnings, its sad but its happening. If you are still not confident about KYC, I’m pretty sure there are still site that are not asking for any KYC and that can be a good alternative for you.

Making exaggerated justifications for their careless behavior toward their consumers is something that needs to be dealt with seriously since it leads to customer dissatisfaction and complaints that are not handled properly. I appreciate my KYC; it's straightforward and functional, so maybe I won't have any issues with withdrawals. Although they can be quite stressful, KYC is one of the crucial steps to take for the purpose to secure an account. We need take these steps in order to solve our concerns and enjoyed every single bit of the gambling system.

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[piebeyb]

But what about other applications outside gambling sites? We are sending personal informarions right? Like with mobile banking and such. Yes that is under law authorities which gives us assurance, but still employees could have access into it so there's still a possibility of information breach. This is my take, from being with long existing casinos who are asking for Kyc, fortunately, no bad thing happen at my end.

anything that involves KYC will certainly be very risky that our privacy data will be sold or lost. but here we are talking about trust because if we comply with KYC procedures on a trusted platform such as a large and trusted popular gambling site, of course the team there is trying to take good care of our personal data and even though we send KYC data to the bank, of course the employees will also protect personal data us not to be abused.

well, here it is quite clear that our belief in the KYC system is only about trust.

Yes, it's true that anything related to KYC is always risky, but the importance of trust from us to casinos and vice versa is very necessary so that it facilitates the process of mutual trust to complete this KYC, after all it is impossible if a large casino that obeys the law will sell user data through KYC documents that are collected from users at the casino, hence why I never gamble at new casinos that ask me to complete KYC before playing.

I think it will take me some time to see if the casino is really safe for me to comply with providing important documents and KYC for the casino, so far I have only completed KYC on big sites like Stake and some other big casinos, it's true that this is all just a matter of trust , if you don't believe it, you should leave it, but if it's a trusted site, I'm sure everything will be safe.  

[Kasabus]

Take note, Casinos will ask or demand a KYC if there's a big winning involved, is this one of their ways to scam their players?

It's somehow debatable because there are other platforms that I personally know of that are not really strict about their KYC procedure as long as you can provide the needed documents to prove that it's you personally who have won the money and of course, if you're eligible to get the massive wins and that you're already old enough to be playing for starters.

Although I also heard some isolated cases that casinos are using KYCs to get away with their responsibilities and has been using that ever since to decline the users of their winnings. I'd say, we've signed up for it and it was our own choice that we chose them and personally, it's already a gamble choosing reliable and reputable casinos because we all know that they are all not the same

[Cling18]

Take note, Casinos will ask or demand a KYC if there's a big winning involved, is this one of their ways to scam their players?

It's somehow debatable because there are other platforms that I personally know of that are not really strict about their KYC procedure as long as you can provide the needed documents to prove that it's you personally who have won the money and of course, if you're eligible to get the massive wins and that you're already old enough to be playing for starters.

Although I also heard some isolated cases that casinos are using KYCs to get away with their responsibilities and has been using that ever since to decline the users of their winnings. I'd say, we've signed up for it and it was our own choice that we chose them and personally, it's already a gamble choosing reliable and reputable casinos because we all know that they are all not the same

Yes, there are cases where winners have complied with the KYC requirements but casinos aren't allowing them to pass the procedure which I think is unfair to players who have experienced such a thing. That's also one of the reasons why most gamblers these days are avoiding KYCs to get rid of unnecessary and unexpected situations in the future.
With reputable casinos, I don't have any doubt when it comes to passing the KYC requirements as I believe that they are protecting their users' private information. They aren't using KYC against their players as long as all the required documents are complete. Casinos really have to require KYCs to protect their site and to avoid abuse at the same time. They are also requiring it to track fraudulent activities.

[iv4n]

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

[klidex]

Take note, Casinos will ask or demand a KYC if there's a big winning involved, is this one of their ways to scam their players?

It's somehow debatable because there are other platforms that I personally know of that are not really strict about their KYC procedure as long as you can provide the needed documents to prove that it's you personally who have won the money and of course, if you're eligible to get the massive wins and that you're already old enough to be playing for starters.

Although I also heard some isolated cases that casinos are using KYCs to get away with their responsibilities and has been using that ever since to decline the users of their winnings. I'd say, we've signed up for it and it was our own choice that we chose them and personally, it's already a gamble choosing reliable and reputable casinos because we all know that they are all not the same

Yes, there are cases where winners have complied with the KYC requirements but casinos aren't allowing them to pass the procedure which I think is unfair to players who have experienced such a thing. That's also one of the reasons why most gamblers these days are avoiding KYCs to get rid of unnecessary and unexpected situations in the future.
With reputable casinos, I don't have any doubt when it comes to passing the KYC requirements as I believe that they are protecting their users' private information. They aren't using KYC against their players as long as all the required documents are complete. Casinos really have to require KYCs to protect their site and to avoid abuse at the same time. They are also requiring it to track fraudulent activities.

However, choosing a casino that is trusted and has a good reputation is the best choice for now because most casinos already have KYC regulations to detect long-term fraudulent activities carried out by gamblers so that casinos have requirements to ask for KYC before carrying out gambling activities.
By choosing a reputable casino, of course we will not hesitate to submit our personal data which is always guarded by this casino.

[kamvreto]

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

there is a lot of debate regarding KYC in online casinos. Using KYC as one of the conditions for withdrawing a certain amount also has the aim of identifying users so that they are not used as places for money laundering. The pros and cons of KYC in online casinos have been around for a long time. But if you really don't agree, you can look for online casinos without KYC.
I only do gambling as entertainment and do not use large funds. Then there's nothing for me to deposit, just a small fund won't go over the limit that requires depositing KYC.

[iv4n]

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

there is a lot of debate regarding KYC in online casinos. Using KYC as one of the conditions for withdrawing a certain amount also has the aim of identifying users so that they are not used as places for money laundering. The pros and cons of KYC in online casinos have been around for a long time. But if you really don't agree, you can look for online casinos without KYC.
I only do gambling as entertainment and do not use large funds. Then there's nothing for me to deposit, just a small fund won't go over the limit that requires depositing KYC.

It's not about debate! Casinos have that in their ToS. It's their rule... at least in all casinos I play, that have slots, sportsbooks, and in-house games. And I am the one who plays in many casinos without KYC (with numerous deposits/withdrawals), at least for now. I guess I am a fair player, or maybe GOSU, so they don't ask much!

Anyway, if casinos have "optional KYC" (and most of them have that), we should be ready for KYC at some moment. If we are not ready for that KYC then we shouldn't even think about depositing there in the first place.

[slapper]

It’s better to choose casinos which don’t ask for KYC. Providing personal information for many people is still acceptable in order to get the profits, but the main problem arrives when the data is leaked or shared or just sold to other parties. This is the main reason for which many people hate this KYC thing. Moreover no site has ever shared publicly, how they verify a person’s KYC details and confirms it. So yes we are helpless here.

A lot of gambling sites initially start as non-KYC but within a year or two they change their stance. It leads to a public outcry but the memory of the public is short term and they move on.

Fact is that there many gamblers out there who do not mind giving their KYC to these sites either. So for the sites this is a safer group to cater to instead of those who might resist to give a KYC.

I feel that if you are concerned about KYC and identity theft and want to gamble regularly, you need to reach a middle ground. Keep changing the site every few years because new ones are always popping up or just accept and move on from gambling life, which is next to impossible for most of my fellow members.

Your keen eye for the online gambling ecosystem surfaces vital issues, primarily KYC policies and data safety. As you've spotted, some platforms dodge KYC norms at the outset only to enforce them later, causing discomfort among users.

In defense of these platforms, KYC safeguards have dual merits - they ensure rule adherence and curb fiscal fraud. But it does demand users to reveal personal details.

Your idea of switching between gambling sites also has its hazards, as each move risks data exposure. An alternative, though severe, could be to step back from gambling entirely - an improbable option for passionate players, as you concede.

In essence, this dilemma underlines the tightrope walk between safety and privacy in today's cyber age.

[Mahanton]

Take note, Casinos will ask or demand a KYC if there's a big winning involved, is this one of their ways to scam their players?

It's somehow debatable because there are other platforms that I personally know of that are not really strict about their KYC procedure as long as you can provide the needed documents to prove that it's you personally who have won the money and of course, if you're eligible to get the massive wins and that you're already old enough to be playing for starters.

Although I also heard some isolated cases that casinos are using KYCs to get away with their responsibilities and has been using that ever since to decline the users of their winnings. I'd say, we've signed up for it and it was our own choice that we chose them and personally, it's already a gamble choosing reliable and reputable casinos because we all know that they are all not the same

If we do speak solely about having that KYC because they arent tending to pay up a on certain win then it would really be just too shallow reason for a certain winner to give up because most or 99% of them would
definitely be complying out on whats being asked since we are talking some money on here which is something that cant really be neglected or simply you would really be giving on whats been asked because it does
really put up the risks on wavering those winnings if you wont which it is really just that a waste.If ever a certain user has done on having that KYc but still ending up on having those  locked winnings then better
to assume out that you've been able to deal up with a scam casino. This is the primary behavior into those places on which they arent tending to pay up those winners
since from the beginning and this is why  you should really be that wise when it comes to selection of platforms on where you would really be playing.

[lizarder]

Both parties the player and the casino can agree to do a mediation through third-party/parties. but do you think it has bad consequences if the third party proves the player is right in establishing his identity, then the casino's KYC is not reliable?

This actually looks strange when there are sites that reject KYC because almost many casino sites that encourage users to do KYC thoroughly. Although some people or I personally consider KYC something that is not needed because considering it can leak our identity, but when there is a casino site that has a reputation and many users who reject KYC actually need to be questioned, it could be a mistake in filling in personal data so The site refused and did not finish KYC perfectly.

Until now I have never been involved in a big victory in gambling so that I have never felt rejected and also never did KYC on any casino site, because at this time I only play gambling with small bets that are not so routine. So that the KYC rejection case I have never faced and felt for now and there was also no reference regarding the issue.

[harizen]

Anyway, if casinos have "optional KYC" (and most of them have that), we should be ready for KYC at some moment. If we are not ready for that KYC then we shouldn't even think about depositing there in the first place.

As a regular gambler in fiat online casinos, KYC there is already a common thing. It's because withdrawal options are mostly through the account's online bank (or digital fiat wallet). Not really for the purpose of just winning big. That's why I'm already used to this KYC stuff in gambling.

Besides, it's not that full KYC verification will be asked. There's even no need of submitting IDs or whatever. Just an OTP is enough. However, the case in crypto-gambling sites is different. From what I see, they mostly asked for documents***. Although not mandatory, expect that someday it will be taken as necessary requirement.

I agree with you that users should be ready anytime at KYC, especially, in crypto-gambling sites because of "centralization".

[DoublerHunter]

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

^That is a good question that you pointed out.
If you are confident enough to deposit and play in a particular casino, it is reasonable to assume that you should also be comfortable with the KYC system they have in place. This is especially true when larger amounts of money are at stake. By trusting the casino with your funds, it is logical to extend that trust to provide them with any additional information they require through the KYC process. Because the purpose of KYC is to ensure the security and legitimacy of financial transactions, and it serves as a protective measure for both the casino and its customers.

[Weawant]

Making exaggerated justifications for their careless behavior toward their consumers is something that needs to be dealt with seriously since it leads to customer dissatisfaction and complaints that are not handled properly. I appreciate my KYC; it's straightforward and functional, so maybe I won't have any issues with withdrawals. Although they can be quite stressful, KYC is one of the crucial steps to take for the purpose to secure an account. We need take these steps in order to solve our concerns and enjoyed every single bit of the gambling system.

Centralized platforms can't be fully trusted but we don't have a better options than to use them because the decentralized casino aren't better for now. If you make use of them, you also have a higher chances of your money been lost as they haven't gained enough recognition to be trusted.

The centralized casino are well known and have public figures that makes it hard for them to run away with customers funds but decentralized casinos can run without been traced due to them been anonymous and not having any public figure representing them that can be held responsible.
.
KYC on centralized casino has to be done because that's one of their requirements to use their platforms. There hasn't been any issue of mishandling of customers private information by this online casinos so they can still be trusted and our KYC details been submitted.

[mvdheuvel1983]

Anyway, if casinos have "optional KYC" (and most of them have that), we should be ready for KYC at some moment. If we are not ready for that KYC then we shouldn't even think about depositing there in the first place.

When it comes to engaging in casino activities seriously, I take the necessary steps to research and gather information about them. Upon registering, I ensure that I have prepared my KYC (Know Your Customer) documents in advance. This precautionary measure aims to prevent any potential frustrations during the withdrawal process caused by the casino's KYC requirements. Hence, I make it a priority to submit and verify my documents prior to making any deposits.

To avoid encountering complications, I steer clear of casinos that have been reviewed for raising KYC-related issues or displaying prolonged verification periods, which may be intentional tactics to withhold winnings. I am fully aware of such casinos and proactively choose not to engage with them.

[tusandii]

This is something that every gambling site is only too happy to ask of its players these days. What I don't think is correct is that gambling sites abuse this mechanism to withhold payouts as long as possible. Only when a player has won a lot of money and wants to pay out, sites come up with this KYC procedure. Very unfortunate, because that way the general image of the gambling site will not improve in general. It will also have a lot to do with which country you obtained your gambling license through.

I am sure only shady xasinoa will want to use kyc to nail their players for winning a big amount and it sound irritating to hear such complaints coming from some playees how the casino suddenly demand for kyc documents immediately their place for withdrawal,,  and if the mount is smaller than the limit for non-kyc withdrawal which os some time set as $5000.

So any amount below this amount can be withdrawn without KYC verification., so at that it becomes mandatory to take note of the balance and amount you want to withdraw in such an account.

Apart from shady casinos this kind of thing also happens in small casinos which have not very big bankrolls.
There are lots of similar cases happening and being complained about in several threads in this forum.
I no longer believe in those small casinos that offer good service and say they don't need verification in any form because when we get a big win they will still ask for KYC requirements or if not the account is frozen.

Yes, the amount of withdrawal also affects whether or not you will need KYC because usually in some casinos I also find the same thing where there is a maximum withdrawal that can be processed without any requirements.

[ChiBitCTy]

I use the Know your Customer system all the time for work, being that I work in finance, and it's always something that is certainly in the best interest of the client.  I think by Casinos requiring it up front (IF they are legit casinos), this is a good thing for both them and the gambler.  This way if you have a big winning, and have the KYC supporting documents to prove you had a "contract" with them, then they'll be forced to pay out your winnings (if it came down to it).  I mean I'm sure there's other factors to consider of course.

[len01]

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Yes, it's true that anything related to KYC is always risky, but the importance of trust from us to casinos and vice versa is very necessary so that it facilitates the process of mutual trust to complete this KYC, after all it is impossible if a large casino that obeys the law will sell user data through KYC documents that are collected from users at the casino, hence why I never gamble at new casinos that ask me to complete KYC before playing.

I think it will take me some time to see if the casino is really safe for me to comply with providing important documents and KYC for the casino, so far I have only completed KYC on big sites like Stake and some other big casinos, it's true that this is all just a matter of trust , if you don't believe it, you should leave it, but if it's a trusted site, I'm sure everything will be safe.  

but its not that easy to believe in any casino even big casino. if you remember there was a case here of a big and popular casino selling its customers KYC data to other big casinos. I know this is not the behavior of casino owners but casino employees themselves to seek greater profits by selling customer data. so don't easily trust small casinos or big casinos but take some time to do research before deciding to trust and submit the KYC.

[Strongkored]

but its not that easy to believe in any casino even big casino. if you remember there was a case here of a big and popular casino selling its customers KYC data to other big casinos. I know this is not the behavior of casino owners but casino employees themselves to seek greater profits by selling customer data. so don't easily trust small casinos or big casinos but take some time to do research before deciding to trust and submit the KYC.

The question is, does a casino that, for example, we think cannot be trusted regarding KYC usage, has its characteristics? Because so far what I have found are casinos that withhold money or block their user accounts when something is considered suspicious, while casinos that sell user data I have only learned about one casino but even then the chronology is not clear.
But as you said it is very possible that there was an act of employees from the casino because it is difficult to believe that casinos are taking advantage by selling player data which would actually have a worse impact on their business if it was made public.

[Doan9269]

Well, it's tricky to deposit in some casinos that have that "optional KYC" if you are not ready to complete it if needed. I am the one who doesn't like KYC, and I will avoid it whenever I can, but in case of some problem with "taking the money out of the casino" I am ready to complete the KYC procedure.

I guess if someone is confident to deposit and play in some casino should be comfortable with the KYC system as well. Especially if some higher amounts are in question... you trust them with your money why shouldn't you trust them with some additional info?

there is a lot of debate regarding KYC in online casinos. Using KYC as one of the conditions for withdrawing a certain amount also has the aim of identifying users so that they are not used as places for money laundering. The pros and cons of KYC in online casinos have been around for a long time. But if you really don't agree, you can look for online casinos without KYC.
I only do gambling as entertainment and do not use large funds. Then there's nothing for me to deposit, just a small fund won't go over the limit that requires depositing KYC.

I already know about using this online casinos to have their regulatione base on KYC request and other requirements and that should be what we must have on mind each time we are using them to always give them what they require as long as we are using the kyc casinos, if we cannot afford leaving our private information open to them then going by the option of few casinos that doesn't support kyc requirements is a good take for us as well.