How Confident Are You In The Reliability of the KYC system

[slapper]

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.

This worry about data security is warranted; individual confidentiality is of paramount importance in the modern information society.

In reality, the simple KYC procedure you advocate is anything but. Sending private information over the internet carries with it a certain degree of danger, even if it's only typed down or photographed. In the digital sphere, there are actual dangers such as data breaches, identity theft, and information misuse.

While KYC checks are important, I believe we should put more effort into campaigning for stronger data protection rules and enhanced security measures rather than fostering blind faith. This is gambling, after all, so we should play it safe, even if it means risking our information.

[bayu7adi]

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 dare posit that all individuals would concur to undergo KYC procedures upon attaining substantial victories, for it pertains to the monetary influx destined for their coffers.

KYC in the realm of casinos ought to embody an egalitarian principle. Meaning, those who execute modest withdrawals must receive identical treatment as those partaking in grander transactions.

Personally, I have yet to encounter a windfall of such magnitude that would compel the casino platform to demand KYC documentation. Nevertheless, I am willing to divulge my identity if ever thrust into such a position. In the ordinary course of gambling, there exists no incentive whatsoever to engage in KYC procedures.

[LUCKMCFLY]

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.

You also have to see many things, the first, if a person does not want to give their KYC, they have the right not to do so, it is the person's decision and nobody else's, nobody likes to do things forcefully. , and seeing that this kyc is required by the governments does not make sense, whoever does not like the rules should thank the governments because it is something they do not like, so I think that things can be seen like this here, in part that is a one of the reasons, and the other reason is because people don't like to leave their identification anywhere and even less in a casino site because the risk of losing data is always there.

I have read many things about KYC, among them that those who give KYC have more options to recover their accounts, possible scams, if the casino suffers a hack according to their KYC they can return the funds, there are many things that are beautiful, the They can really make anyone fall in love, but of course all this has its cons, the fact of filtering the data in any of the scenarios is something that can happen, but nevertheless when we emphasize that possible vulnerabilities from the casinos there is additional protection from The data is something that can be given and not stolen at once, so this can give hope that the KYC data is kept with great care.

At the end of the day we must accept something, in each casino there will always be the option of KYC, and that is something that will take them all, there will be none that escapes, except for those casinos that are decentralized, for the rest I think that we must all stick to them, we cannot go against the grain.

[Slow death]

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 dare posit that all individuals would concur to undergo KYC procedures upon attaining substantial victories, for it pertains to the monetary influx destined for their coffers.

KYC in the realm of casinos ought to embody an egalitarian principle. Meaning, those who execute modest withdrawals must receive identical treatment as those partaking in grander transactions.

Personally, I have yet to encounter a windfall of such magnitude that would compel the casino platform to demand KYC documentation. Nevertheless, I am willing to divulge my identity if ever thrust into such a position. In the ordinary course of gambling, there exists no incentive whatsoever to engage in KYC procedures.

I agree, most of the time people don't have documents like passport and also how to hand in proof of funds and proof of address because they live in their parents' house, for example a person can be 25 years old and be living in their parents' house. parents, so the proof of residence documents will be in the parents' name, things like electricity bill, water, internet, tv everything will be in the parents' name so when they ask for kyc it won't be able to go through kyc, as if that is no longer if that were enough they also don't have a passport and in some casinos they don't want the national ID issued by the government, they want the passport

and again as if that wasn't enough they still ask for proof of funds, many people bought cryptocurrencies using their bank account for years and did hodl and when they take the coins they've been doing hodl for years and deposit it in the casinos and when the casino asks the proof of funds this person will not be able to post proof of funds and as a result they are counter-banned and the casino confiscates everything the person won or had at the casino. so this question of kyc is something that needs to be reviewed, I'm not saying that they shouldn't ask for kyc, but I think they could moderate looking at the situation of the crypto market which is different from fiat

[Sandra_hakeem]

Not at all dude.. The KYC system wasn't made to implicate or serve as a deterrent to anyone that hasn't completed it format - at the same time, I dunno the casino you speak of and cannot make the air foggy with suspicions already... ( This is KYCs on casinos not cryptocurrencies)
Well, since that's also a kinda bypass for anyone, any casino with a nefarious motive can always wanna punish you with every proceed yet, complain that Thier standards aren't met... especially if it was a huge winning..
Reporting them for questionings would also be a good idea too.

Sandra 🧑‍🦰

[South Park]

I agree, most of the time people don't have documents like passport and also how to hand in proof of funds and proof of address because they live in their parents' house, for example a person can be 25 years old and be living in their parents' house. parents, so the proof of residence documents will be in the parents' name, things like electricity bill, water, internet, tv everything will be in the parents' name so when they ask for kyc it won't be able to go through kyc, as if that is no longer if that were enough they also don't have a passport and in some casinos they don't want the national ID issued by the government, they want the passport

and again as if that wasn't enough they still ask for proof of funds, many people bought cryptocurrencies using their bank account for years and did hodl and when they take the coins they've been doing hodl for years and deposit it in the casinos and when the casino asks the proof of funds this person will not be able to post proof of funds and as a result they are counter-banned and the casino confiscates everything the person won or had at the casino. so this question of kyc is something that needs to be reviewed, I'm not saying that they shouldn't ask for kyc, but I think they could moderate looking at the situation of the crypto market which is different from fiat

I think the same, I know that many casinos are asking for the personal information of their clients as they are being forced by the issuer of their casino licenses to do it, but the requirements to pass the verification process is too high and are probably the harshest most people will ever encounter, where I live not even banks have such high requirements of only accepting your passport as a proof of your identity, and even fiat casinos are more reasonable on their requests for personal information, then cryptocurrency casinos run the risk that if they do not change this attitude they could begin to lose clients to fiat casinos.

[Lanatsa]

I agree, most of the time people don't have documents like passport and also how to hand in proof of funds and proof of address because they live in their parents' house, for example a person can be 25 years old and be living in their parents' house. parents, so the proof of residence documents will be in the parents' name, things like electricity bill, water, internet, tv everything will be in the parents' name so when they ask for kyc it won't be able to go through kyc, as if that is no longer if that were enough they also don't have a passport and in some casinos they don't want the national ID issued by the government, they want the passport

and again as if that wasn't enough they still ask for proof of funds, many people bought cryptocurrencies using their bank account for years and did hodl and when they take the coins they've been doing hodl for years and deposit it in the casinos and when the casino asks the proof of funds this person will not be able to post proof of funds and as a result they are counter-banned and the casino confiscates everything the person won or had at the casino. so this question of kyc is something that needs to be reviewed, I'm not saying that they shouldn't ask for kyc, but I think they could moderate looking at the situation of the crypto market which is different from fiat

I think the same, I know that many casinos are asking for the personal information of their clients as they are being forced by the issuer of their casino licenses to do it, but the requirements to pass the verification process is too high and are probably the harshest most people will ever encounter, where I live not even banks have such high requirements of only accepting your passport as a proof of your identity, and even fiat casinos are more reasonable on their requests for personal information, then cryptocurrency casinos run the risk that if they do not change this attitude they could begin to lose clients to fiat casinos.

Licenses and permits would really be that mainly needed for you to operate something like this or a business on which it would really be normal that they would really be needing to abide with those rules and guidelines on which it would really be normal that KYC would really be strictly be implemented specifically for the situation where funds had reached out on a specific threshold.

In speaking about reliability then there no way on knowing that but there's no other things that we could really be able to do so considering that they are the ones requiring and the ones who would be storing out those informations that had been gathered. The bad thing with KYC is that you arent that anonymous anymore and also if you are that someone who do really boggled up with privacy then this would really be a big hindrance for you to proceed on dealing with it. In overall we do know that we are living on a world where government do really loves on touching up everything from head to toes and there would be no things that would really be able to escape from their radar or vicinity on which as much as possible, they would really be that love on involving on everything.