How Confident Are You In The Reliability of the KYC system

[TheGreatPython]

is part of what we agreed when we sign up to play in casinos but lately I've been reading a lot of complaints
about casinos on how they accept their players' KYC, is it possible that they can decline a person's credentials even though he swore that he submit all the right documents and even undergo a video call to establish his identity?

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?

There are some casinos who plan to scam gamblers when they get big wins. They look for various types of faults of gamblers early and when they find those faults, they can easily block the withdrawal. Complaints of account blocking of some users have also been heard. These situations are faced only when the gambler gets a big win. And the gambler cannot get any information in advance about such a situation. So before gambling you must choose the right platform for avoiding such situations.

Generally, all the new platforms come with the potential threat of doing this at some point if you manage to get success after joining their platform, and if they actually do it, don't allow you to withdraw when you have hit big, there is nothing you can do at all because they are online, they are new, and you are hopeless because you don't have anywhere to go and complain about what has happened to you and get justice for that.

That is the reason why it is better to simply avoid using new casino platforms, and even if you want to try one or a couple out, you should only do it with a very small amount so that when they turn evil and try and scam you for what you've won, you don't lose a lot of money.

[tusandii]

Nowadays there are lots of trusted casinos that have good reputations in the gambling industry so when we have suspicions about one of the shady casinos, there is no need to try to access it to play because it is very risky, especially giving KYC data because some casinos are shady will only abuse the KYC you provide.
If you have to provide personal data or other valid data to play gambling, of course you will also choose a casino that is trusted and has a good reputation.
The mistake of beginners is that they think that new casinos or small casinos can provide benefits, but in reality some of these casinos cannot be trusted and only harm gamblers.

Yes, I agree with you about choosing only reputable casinos for gambling. And if we have to do KYC, we can do it at a trusted casino because we believe the casino will not abuse our provided data. They can certainly take good care of it and will also protect their customer data.

Beginners can choose the casino well and won't choose it wrongly. But they are often tempted to try a new casino or a casino they already know is a scam casino because they see very attractive promotions. And that is the initial mistake of beginners that they must be well aware of so they don't make the same mistake again in the future.

Even though there is no guarantee that the KYC that we provide can be safe and not leaked, by using a large, trusted and reputable casino we can have a sense of security and believe that it is impossible for unwanted things to happen to our KYC information.
But unfortunately some gamblers have problems with KYC when they get a big win and the casino asks for it even though from the start gamblers can immediately provide KYC so that in the future there will be no problems whatsoever and now we can realize that most casinos implemented KYC.

Newbies are usually attracted to shady new casinos due to the temptation of promotional bonuses.
But that way beginners can also gain experience to be able to learn more about the gambling industry.

[South Park]

Do you care with your privacy? you must never share your personal information in everywhere, but I know you guys already broke it because you've share your identity to airdropped project, centralized exchange, university, volunteer, scholarship program, social medias etc.

Now why bother about giving KYC to a centralized casino? it fall to the same category where your personal information could be misused.

And this is why we have so many people that do not see the need for this market, they do not value their privacy at all and as such they do not see why they may need to use bitcoin as a way to protect their privacy, and most likely they will never understand it as they share every single detail of their lives over social media, and as such they are ready to share their information with anyone that dares to ask, including casinos.

[LUCKMCFLY]

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.

KYC casinos can be very frustrating with there terms and conditions and if we do not understand that before we registered on the casino, we might not get what we are looking because of the stress of submitting credentials and waiting for the team or customer care to confirm it. I will never suggest any person to subscribe to a KYC casinos because of the risk it could post to those of us that do not like our information and privacy to be with third parties. If our information is sold, we can lose our privacy because the mistake we made to use a KYC casinos to bet.

Well, eventually things can be like this, there are many things that happen when we do KYC, the dangers are there, there is nothing to do, if we don't start analyzing all the casinos, everything will turn out the same way, and it is the KYC requirement , most of them already have that imposed, what I chose is to comply with the KYC of my favorite casinos or casinos and no more, in other casinos that I see that are not my style or trustworthy, well, simply Still, I do not do KYC , and that's all, but of course that's my way of seeing things, thinking and doing, everyone makes their best decision.

I know that many casinos will Always have as a basis that they always ask for the KYC , There is no Other way that they can see it, because the Requirements are for the owners to keep certain licenses, that is something that cannot be denied, even so when I see some I think that they are relatively new and have so many demands, I don't do it, firstly because I don't trust a new casino and Secondly Because I leave the Documents just like that but not like that , so I Always leave this type of casino Aside.

[South Park]

Even though there is no guarantee that the KYC that we provide can be safe and not leaked, by using a large, trusted and reputable casino we can have a sense of security and believe that it is impossible for unwanted things to happen to our KYC information.
But unfortunately some gamblers have problems with KYC when they get a big win and the casino asks for it even though from the start gamblers can immediately provide KYC so that in the future there will be no problems whatsoever and now we can realize that most casinos implemented KYC.

Newbies are usually attracted to shady new casinos due to the temptation of promotional bonuses.
But that way beginners can also gain experience to be able to learn more about the gambling industry.

One big issue is that the most reputable the platform the more trust their customers have in it, however this is a problem as if at some point hackers find a way to get that information then amount of people that will get their data exposed will be huge, and we have seen cases like this on the past in which even a platform like Facebook which has the best possible security money can buy has been hacked anyway and the data of millions of users has been exposed.

[dunfida]

Even though there is no guarantee that the KYC that we provide can be safe and not leaked, by using a large, trusted and reputable casino we can have a sense of security and believe that it is impossible for unwanted things to happen to our KYC information.
But unfortunately some gamblers have problems with KYC when they get a big win and the casino asks for it even though from the start gamblers can immediately provide KYC so that in the future there will be no problems whatsoever and now we can realize that most casinos implemented KYC.

Newbies are usually attracted to shady new casinos due to the temptation of promotional bonuses.
But that way beginners can also gain experience to be able to learn more about the gambling industry.

One big issue is that the most reputable the platform the more trust their customers have in it, however this is a problem as if at some point hackers find a way to get that information then amount of people that will get their data exposed will be huge, and we have seen cases like this on the past in which even a platform like Facebook which has the best possible security money can buy has been hacked anyway and the data of millions of users has been exposed.

Thats why companies would really be doing their best on not to have those kind of events or happenings where exploits and hacks on which it would really be decreasing out their reliability and security on which it would
really be in resulting on affecting their trust and popularity which we know that it is really that bad for the business and not something that recommendable and this is why they would be avoiding it as much as possible
because on the time that the users or those people who do play on a certain platform do sees that security is really that good and not something could be breached out then this do really add up in overall confidence.

Some would be hesitant or really that skeptical on the time that they would really be sending out their information but some wouldnt really care at all. This is why its really just that depending on a certain individual
on whats his impressions towards this matter but for me then crypto gambling is always been that recommended, not necessarily for you to sent out information for you to play.

[Plaguedeath]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

[panjul07]

Do you care with your privacy? you must never share your personal information in everywhere, but I know you guys already broke it because you've share your identity to airdropped project, centralized exchange, university, volunteer, scholarship program, social medias etc.

Now why bother about giving KYC to a centralized casino? it fall to the same category where your personal information could be misused.

I'm sure most people in this world who have their own identity documents has already shared it some where else in the internet as what you mentioned.
However why some of those people bother to give it into casinos, there must be some other reasons.
I have a friend who do not want to do KYC in casinos although he did it in exchanges or other online services.
The reason is simply because he does not want to connect his identity into something which is considered as illegal activity in my country as it may affect his real life career.
So basically bothering to do KYC in casinos is not only about pure privacy reason.

[piebeyb]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

I think we don't need to be hypocritical about KYC if we really object to KYC we should be able to leave the site instead of complaining about the KYC, I think we have to respect the casinos with the rules they have and of course they will also respect us as gamblers, so there's nothing wrong with trying KYC free sites if it looks complicated sites that implement KYC.

I'm not a hypocrite with that even though one time I was asked to complete KYC, I will give it because I play on licensed sites of course I have to comply with the existing regulations, although at this time I was not asked to do KYC because I was only a small gambler withdrawing small money also betting with small money, but if at any time I withdraw big money and asked for KYC I have prepared it.

[erep]

I'm sure most people in this world who have their own identity documents has already shared it some where else in the internet as what you mentioned.
However why some of those people bother to give it into casinos, there must be some other reasons.
I have a friend who do not want to do KYC in casinos although he did it in exchanges or other online services.
The reason is simply because he does not want to connect his identity into something which is considered as illegal activity in my country as it may affect his real life career.
So basically bothering to do KYC in casinos is not only about pure privacy reason.

Every gambler comes from every country with different regulations, some argue that they do not provide KYC because country regulations reject gambling activities, this is different from KYC on exchanges because some exchanges have been officially registered with government licenses. I agree with your opinion, they don't do KYC not because of privacy factors but there are several other factors such as related to gambling regulations in the country, but any gambling platform now requires KYC verification, so all gamblers already have a KYC verified account because they don't have the option to gamble on top gambling platforms.

[Botnake]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

Apart from that, that same gambler have his own right to refuse in gambling towards a casino that is implementing a KYC and seriously there is no need to leave some comments behind if he/she doesn't want to be part of it as we have our own specifications when it comes to choosing the right casino for us. And in the first place, a lot of factors should be considered, not just the KYC or no KYC alone.

[Webetcoins]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

This thing will be over in near future when every single casino and gambling platform will be highly regulated and there will be choice for people not willing to do KYC today to go and gamble, if they wish to keep gambling, they will have to complete their KYC verification at a casino that they trust the most, which is what everyone should be doing today as well but some people just don't understand and they think their privacy and anonymity is too important.

I would always prefer a casino that can keep my funds secure instead of a platform that won't ask for my KYC, because we all know that at some point, we do have to provide our identity be it for a withdrawal that consists of a high amount or anything in general, so why not now?

[goldkingcoiner]

KYC or

Know Your Client (KYC) is a standard in the investment industry that ensures advisors can verify a client's identity and know their client's investment knowledge and financial profile.

Reference: https://www.investopedia.com/terms/k/knowyourclient.asp

is part of what we agreed when we sign up to play in casinos but lately I've been reading a lot of complaints
about casinos on how they accept their players' KYC, is it possible that they can decline a person's credentials even though he swore that he submit all the right documents and even undergo a video call to establish his identity?

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?


(don't want to make reference to any casino because other casinos could implement this).

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?

If the third-party proved that the casino is right but the player swore that he submit all the documents and is willing to do the extra mile to establish his identity, can we conclude that Casino's KYC procedure is different and we have the right to know how and what system they are using to decline our submission because we can be the next to suffer from this Casinos' KYC system?

KYC is unreliable. There is nothing better to say about it, really. It is meant to be a system which helps the government make sure that individuals and their money are tracked, but also to make sure that the casinos don't let just anyone use their services. So on one hand its a system that restricts your freedom but at the same time ensures that kids are not gambling their parent's life savings away.

But where does the KYC data go? They demand government identification documents from us and that could be used by scam casinos or identity thieves to do some real damage. Especially to the person those documents belong to. No centralized entity can be trusted nor should they be. But that is the only system that we have, which is accepted by the government. There does not seem to be a different way around it.

[South Park]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

And in light of this gamblers need to avoid suspicious casinos without a reputation that offers them the ability to gamble without KYC, as if they happen to win big then they will be asked to pass that verification anyway, without any guarantee they will receive their withdrawal, in that case it is better to gamble at a reputable casino and accept the fact that at some point we will have to verify our account anyway, but at least on the case we were lucky we will be sure we will receive what it is owed to us.

[AmoreJaz]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

And in light of this gamblers need to avoid suspicious casinos without a reputation that offers them the ability to gamble without KYC, as if they happen to win big then they will be asked to pass that verification anyway, without any guarantee they will receive their withdrawal, in that case it is better to gamble at a reputable casino and accept the fact that at some point we will have to verify our account anyway, but at least on the case we were lucky we will be sure we will receive what it is owed to us.

this is why before you create an account to any of these casinos or bookies, make sure they have pretty good reputation in this industry. because if you will be a loyal patron, you are also preparing yourself to trust your funds to the site. and if their terms state that you need to undergo kyc for whatever reason they deem necessary, you should also prepare for that. so if you are complying with their kyc, better be honest with your details the first time you register your account so you won't have any issues later on.

[Casdinyard]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

And in light of this gamblers need to avoid suspicious casinos without a reputation that offers them the ability to gamble without KYC, as if they happen to win big then they will be asked to pass that verification anyway, without any guarantee they will receive their withdrawal, in that case it is better to gamble at a reputable casino and accept the fact that at some point we will have to verify our account anyway, but at least on the case we were lucky we will be sure we will receive what it is owed to us.

this is why before you create an account to any of these casinos or bookies, make sure they have pretty good reputation in this industry. because if you will be a loyal patron, you are also preparing yourself to trust your funds to the site. and if their terms state that you need to undergo kyc for whatever reason they deem necessary, you should also prepare for that. so if you are complying with their kyc, better be honest with your details the first time you register your account so you won't have any issues later on.

Exactly. While I understand the hesitation and sometimes outright reluctance to provide information thanks to these goddamn ad agencies using your data to target ads to you and perhaps even steal your information for more money, it's also established that KYC is something that will be a staple in this industry moving forward, and it's not like the process is arduous for the user especially when it's literally just typing your information and then providing some proof of identification which doesn't take a minute to take a picture of, all for a guarantee that you're in a trustworthy casino that's not going to screw you over your money. I know we're all gamblers out here but it's literally the last thing you should play with as a gambler.

[asriloni]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

He has no choice other than complete KYC verification. To be honest, if KYC is just a common thing these days. People were feeling no problem in completing their KYC once they sign up on exchange sites. I don't know why people gave different reaction once they were dealing with gambling site that required their verification. KYC was not important for the gambling site but it's only for filling the requirement to comply with the regulation.
KYC requirement was coming from regulators to prevent money laundering. Even people were selling their identity so cheap these days.

[jostorres]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

And in light of this gamblers need to avoid suspicious casinos without a reputation that offers them the ability to gamble without KYC, as if they happen to win big then they will be asked to pass that verification anyway, without any guarantee they will receive their withdrawal, in that case it is better to gamble at a reputable casino and accept the fact that at some point we will have to verify our account anyway, but at least on the case we were lucky we will be sure we will receive what it is owed to us.

Even if a casino isn't suspicious but just new and doesn't have a trust score and a good reputation among the community, one should still avoid it because there is no guarantee that they will turn out to be good in the future, so if they make up their mind to complete KYC verification and provide all the details and information to the platform they are using, it's much better to look for one that is used widely among the community members and is trusted.

A platform that is new might not stop your withdrawal but if they ask you for KYC verification, you will always have the fear that what if your details and information is used negatively, or maybe sold to another company or an individual where it might be misused because it's private and personal information.

[ethereumhunter]

Even though there is no guarantee that the KYC that we provide can be safe and not leaked, by using a large, trusted and reputable casino we can have a sense of security and believe that it is impossible for unwanted things to happen to our KYC information.
But unfortunately some gamblers have problems with KYC when they get a big win and the casino asks for it even though from the start gamblers can immediately provide KYC so that in the future there will be no problems whatsoever and now we can realize that most casinos implemented KYC.

Newbies are usually attracted to shady new casinos due to the temptation of promotional bonuses.
But that way beginners can also gain experience to be able to learn more about the gambling industry.

That sense of security and calm allows us to play gambling comfortably in a big, trusted and reputable casino and that's what we want to get. The casino can also provide security in protecting the personal data of each customer and will not let them down. Later KYC will become an obligation that must be followed by every gambler at a crypto casino because now many crypto casinos have started to implement it. However, some are still not too strict in their implementation. This still provides an opportunity for gamblers or beginners who want to look around for the casino they want so they don't immediately do KYC. But they must understand that the casino can ask them to do KYC anytime.

[Bitinity]

When I heard there's a gambler don't want to gamble because of KYC reason, I feel it's completely bullshit. Even you're play in no KYC casino, the site already record your IP address, your device specification etc. Maybe you only gamble for small amount money and think, the casino will not ask your KYC, but when you win big amount of money and they ask your KYC, you will choose to give your KYC.

He has no choice other than complete KYC verification. To be honest, if KYC is just a common thing these days. People were feeling no problem in completing their KYC once they sign up on exchange sites. I don't know why people gave different reaction once they were dealing with gambling site that required their verification. KYC was not important for the gambling site but it's only for filling the requirement to comply with the regulation.
KYC requirement was coming from regulators to prevent money laundering. Even people were selling their identity so cheap these days.

I would say that I'm those who are ok with KYC in exchange but I'm not ok with KYC in gambling platform. Why? because both are different activity which has different regulation in my country. Trading in exchange is legal while gambling is illegal in my country so I do not want to submit my personal documents into something which is considered as illegal in my country. Although some other people in my country do KYC in gambling platform, but I dont want to do it because of my own preferences. I prefer to be save than sorry later.