Anonymity is no longer a benefit of gambling with cryptocurrency.

[khaled0111]

Regarding updating those articles where anonymity is being advertised as one of crypto casinos advantages, then I agree with you. This is no longer valid.
However, using cryptocurrencies still has some advantages over traditional payment systems when it comes to privacy and anonymity.
For example, if you use bitcoin to make a deposit or a withdrawal, your bank will not know about it, unlike when using your credit card or your bank account.

[TimeTeller]

Regarding updating those articles where anonymity is being advertised as one of crypto casinos advantages, then I agree with you. This is no longer valid.
However, using cryptocurrencies still has some advantages over traditional payment systems when it comes to privacy and anonymity.
For example, if you use bitcoin to make a deposit or a withdrawal, your bank will not know about it, unlike when using your credit card or your bank account.

There are still casinos which are KYC-free for certain players especially small time players.
However, you need to be careful in sending your funds to any casino, as the reputation is still important in choosing which casino to play with.
Anonymity may not be true to most casinos these days, but if you are using crypto to deposit, I don't think your government will lurk into your gambling activities.
But you still need to check your gambling protocols, so as not to have trouble with the authorities, when it comes to accessing these sites.

[Fortify]

I was reading and I saw something that I would have agreed with before, but not anymore because of how much things have changed in the crypto gambling.

Faster and more secure transactions: Crypto transactions are processed much faster than traditional bank transfers, and they are also more secure.
   
Anonymity: Crypto casinos allow players to remain anonymous, which is appealing to some players.
   
Wider variety of games: Crypto casinos offer a wider variety of games than traditional online casinos.
   
More generous bonuses: Crypto casinos often offer more generous bonuses than traditional online casinos.

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

I don't even think it's true that crypto casinos are offering better bonuses than fiat currency casinos, it would be nice to see some sort of evidence on the subject instead of a baseless claim. They definitely have a lot of money to throw around, so it isn't impossible, but you'll tend to find that fiat casinos have a much wider customer base and that gives them a wider ability to "give away" promotions like that because it's easier for new customers to sign up. Anonymity was never going to survive very long if Bitcoin is to enter the mainstream more and more, financial regulators will not and cannot allow that to happen, because it undermines the whole tax collection system among many other things.

[Slow death]

the instant all casinos started having licenses things changed, i believe the license provider forces casinos to sin kyc, now something we should all be asking ourselves is what would happen if a casino had a license and never asked their customers did kyc? how would the license provider know that casino X, Y and Z are not asking for kyc if the license provider does not periodically inspect the casinos? I confess that I've spent days wondering about this, since I've been doing sports betting I've never read any news saying that the government of curacao has started an inspection campaign for all casinos that have a license issued by that country

so I don't understand what makes certain casinos even force people to do kyc when they have a small withdrawal of money, it doesn't make much sense to me because money launderers don't waste time laundering little money and they don't use casinos, they have a mixer for that purpose, so in my opinion the kyc in crypto casinos seems unnecessary, but as the rules must be respected so when I want to use a casino I put my real data and do kyc, some people said that there are casinos that do not ask for kyc, but even so, people are required to put real data when they are creating an account

also people don't use vpn and even when they do most of the time there is a problem with the casino, even when it's a casino that says it won't ask for kyc, so there's no such thing as anonymity in casinos anymore, we all have to put real data, avoid vpn and keep praying that they are not asking for a lot of documents, like the case of proof of funds, which is the biggest headache when doing kyc

[Ulven]

You are 100 percent correct. The information on the internet might need to be updated because the majority of platforms' adoption of KYC verification has substantially affected the anonymity aspect of playing at bitcoin casinos. Players who employ KYC procedures must verify their identity, therefore using bitcoins for gaming no longer entirely makes them anonymous.
Despite some casinos claiming not to impose KYC on customers, when significant amounts are involved, they suspend accounts and demand identity verification. Therefore, gambling platforms remain centralized, requiring users to disclose their identities, which means the industry is impacting the privacy of cryptocurrency users.

[Alphie12]

Casinos that do a lot of KYC are more likely to steal your money than casinos without KYC. Casinos use KYC as a reason not to pay.

[khaled0111]

There are still casinos which are KYC-free for certain players especially small time players.
However, you need to be careful in sending your funds to any casino, as the reputation is still important in choosing which casino to play with.
Anonymity may not be true to most casinos these days, but if you are using crypto to deposit, I don't think your government will lurk into your gambling activities.
But you still need to check your gambling protocols, so as not to have trouble with the authorities, when it comes to accessing these sites.

You got me wrong. I am not worried about my government knowing about my gambling activities. It's legal here.
This is not the point. What I meant is if you make a crypto deposit, only the casino and no one else will know who made it (in case you have verified your identity). This is why I said it's still better than using traditional payment methods. Crypto casinos do not provide anonymity anymore (except few of them) but they still provide a little more privacy compared to fiat casinos.

[coin-investor]

 
Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

This has something to do with compliance something a casino needs to continue to operate in many countries so they can do their business without questioning their legality, They need a license for their operation and to make sure that their platform is not being used for money laundering and any illegal activities.
There is nothing to be changed in the way casinos operate we are all good at this if you're not comfortable with this then you need to play on a decentralized gambling platform where you connect your wallet to play.

[Wiwo]

I believe that phrase is meant for the original context of cryptocurrency which truly is all about Anomynity and this have changed a lot of this in both the casino that adopt cryptocurrency as a form of payment this is so because cryptocurrency allows for seamlessly untraceable transactions unless the one that is done through KYC platform.

This is why,  most important to gamble only on no KYC casinos to avoid the disposal of your identity,  moreover, cryptocurrency gambling offers privacy 79% higher than traditional

[Rating Place]

Most casinos use the same Curacao license but they have different degrees to which they ask for KYC documentation. The chart shows degree of KYC. 0 = no KYC while 5 = mandatory KYC upon withdrawal.

SportsBooks

|

Rating

|

Year

|

Country

|

KYC

|

MISC

|

Promos

|

Support

|

BCT thread

|

---------------------

|

--------

|

--------

|

----------

|

------

|

-----------------------------------

|

------------

|

----------------------

|

------------

|

"A" rated books

Nitrobetting

|

A+

|

2013

|

Costa Rica

|

1

|

Racebook, Poker, Sports Bonus

|

Promos

|

Nitrobetting

|

Nitrobetting

|

Betcoin

|

A+

|

2013

|

Curacao

|

1

|

Racebook and Two Books

|

Promos

|

Betcoin

|

Betcoin

|

MBet

|

A-

|

2017

|

Cyprus

|

2

|

Racebook

|

Promos

|

MBet

|

MBet

|

"B" rated books

Stake

|

B

|

2019

|

Curacao

|

4

|

opened as casino 2014

|

Promos

|

Stake

|

Stake

|

Bistler

|

B-

|

2015

|

Curacao

|

2

|

-

|

Promos

|

Bistler

|

Bistler

|

Fortune Jack

|

B-

|

2019

|

Curacao

|

2

|

opened as casino 2014

|

Promos

|

Fortune Jack

|

Fortune Jack

|

"C" rated books

Betfury

|

C+

|

2020

|

Curacao

|

3

|

-

|

Promos

|

Betfury

|

Betfury

|

Cloudbet

|

C+

|

2013

|

Curacao

|

3

|

Sports Bonus

|

Promos

|

Cloudbet

|

Cloudbet

|

Roobet

|

C+

|

2019

|

Curacao

|

5

|

-

|

Promos

|

Roobet

|

Roobet

|

Duelbits

|

C

|

2020

|

Curacao

|

-

|

-

|

Promos

|

Duelbits

|

Duelbits

|

Sportsbet

|

C

|

2016

|

Curacao

|

3

|

Racebook

|

Promos

|

Sportsbet

|

Sportsbet

|

Maverickgames

|

C

|

2020

|

Isle of Man

|

5

|

-

|

Promos

|

Maverickgames

|

Maverickgames

|

Owl

|

C

|

2021

|

Curacao

|

-

|

-

|

Promos

|

Owl

|

Owl

|

Rollbit

|

C

|

2021

|

Curacao

|

-

|

-

|

Promos

|

Rollbit

|

Rollbit

|

Trustdice

|

C

|

2019

|

Curacao

|

-

|

-

|

Promos

|

Trustdice

|

Trustdice

|

Anonibet

|

C-

|

2011

|

-

|

0

|

Sports Bonus

|

Promos

|

Anonibet

|

Anonibet

|

Parlayplus

|

C-

|

2019

|

-

|

2

|

-

|

Promos

|

Parlayplus

|

Parlayplus

|

Wolf

|

C-

|

2019

|

Curacao

|

-

|

-

|

Promos

|

Wolf

|

Wolf

|

[dothebeats]

Well, it is mandatory by law, and I don't think there's a lot of things you can hide from the government anyway. It's an inevitability that is slowly creeping up in the cryptospace, so it is to be expected. Though third-parties couldn't snoop on your activities, unless of course the gambling platform allows them to check on your history, but that is quite impossible unless you have the side of the law enforcement with you, so I guess in a way, it's still pretty anonymous.

Gambling with cryptocurrencies however, still has some benefits as the coins you're playing with could potentially increase their value, getting your winnings up should there be any.

[ralle14]

With enough research, you can still find a few crypto casinos that don't require KYC, and the others mentioned it too. Most crypto casinos now are in-between (list of casinos and KYC), but the non-KYC casinos won't disappear because that benefit alone can bring tons of players to a crypto casino. That benefit is slowly fading in crypto gambling, but not all crypto casinos are heading to the levels of traditional casinos.

[goldkingcoiner]

I was reading and I saw something that I would have agreed with before, but not anymore because of how much things have changed in the crypto gambling.

Faster and more secure transactions: Crypto transactions are processed much faster than traditional bank transfers, and they are also more secure.
   
Anonymity: Crypto casinos allow players to remain anonymous, which is appealing to some players.
   
Wider variety of games: Crypto casinos offer a wider variety of games than traditional online casinos.
   
More generous bonuses: Crypto casinos often offer more generous bonuses than traditional online casinos.

https://indiacsr.in/what-is-a-crypto-casino-meaning-advantages-and-potential-risks-explained/

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

Anonymity was never meant to be a benefit of gambling with cryptocurrency. Except perhaps with shady casinos and using Monero? I don't know. But since we are in the Bitcoin forum, I am just going to assume that you meant Bitcoin. Bitcoin was never anonymous nor was it meant to be anonymous. In fact, it is built as a public ledger. We can all see who gets Bitcoin and where it goes.

The problem here is that you are gambling on a centralized platform which demands KYC.

[harizen]

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

We should understand even way back before that soon, centralization in crypto will also affect crypto-gambling sites.

Aside from that, you might be right that most crypto casinos do have KYC but it's "not mandatory" and you can still play at most crypto-casinos freely and smoothly without undergoing KYC. These sites have no choice but to comply with regularization to make their operation "legal in papers".

Just ride the wave and just play on your usual. It's not that KYC is a big reason why our crypto-gambling should be affected.

[michellee]

The information needs to be updated because the reality has changed in recent years. Currently, crypto casinos have also implemented KYC for their members, but there are still casinos that have not implemented KYC for all of their members. These casinos are reputable and trusted so members who play at these casinos don't need to worry.

Crypto casinos still allow their members who only play gambling with little money not to do KYC. But we also must understand that casinos now have the right to ask their members for KYC anytime. So we also have to be prepared to be asked to do KYC.

Maybe from now on, if you want to play gambling, only use small money and avoid using big money if you are still a new member at the casino. It can make the casino suspicious and the casino may ask you to do KYC first.

[Rating Place]

Well, it is mandatory by law, and I don't think there's a lot of things you can hide from the government anyway. It's an inevitability that is slowly creeping up in the cryptospace, so it is to be expected. Though third-parties couldn't snoop on your activities, unless of course the gambling platform allows them to check on your history, but that is quite impossible unless you have the side of the law enforcement with you, so I guess in a way, it's still pretty anonymous.

Gambling with cryptocurrencies however, still has some benefits as the coins you're playing with could potentially increase their value, getting your winnings up should there be any.

Curacao laws don't require KYC for deposits. There are laws for withdrawals. No casino strictly follows the rules. If a player losses $50,000 and then wins $10,000 and asks for a $10,000 withdrawal, he won't be asked for KYC. Casinos want this player. If a casino does KYC, they are looking to confiscate your funds.

[Nrcewker]

Yes this information is now partially correct. Earlier casinos used to be KYC free and people used to gamble without worrying about their identities. But many casinos now have made the KYC rule mandatory. They are doing this in order to avoid money laundering and keep a track of gamblers in their casinos. Now we cannot do anything regarding this rule. What we can do is just find gambling sites and casinos which doesn’t ask for KYC and play there. Yes we also need to remember that, the casino should be trusted enough to be played.

[yahoo62278]

Casinos that do a lot of KYC are more likely to steal your money than casinos without KYC. Casinos use KYC as a reason not to pay.

Some casinos have been accused of this, but I think well established casinos have much more at stake and are not worried about stealing $1-10k from their players. I'm guessing those that are hit with the KYC and get funds confiscated were probably doing something the casino prohibits. Multi accounts, arbitrage betting, abusing bonuses, or something that violates terms.

There are offenses that I agree players should be punished for but this thread is not about that.

[Rating Place]

Casinos that do a lot of KYC are more likely to steal your money than casinos without KYC. Casinos use KYC as a reason not to pay.

Some casinos have been accused of this, but I think well established casinos have much more at stake and are not worried about stealing $1-10k from their players. I'm guessing those that are hit with the KYC and get funds confiscated were probably doing something the casino prohibits. Multi accounts, arbitrage betting, abusing bonuses, or something that violates terms.

There are offenses that I agree players should be punished for but this thread is not about that.

Definitely agree with a lot of this. Some tops ones only confiscate those that are multi-accounting for bonus abuse or to circumvent limits. They ignore jurisdiction. I don't want to call any casinos out but there are top casinos that will go after winners using jurisdiction. They'll allow losers to play.

[Darker45]

It still is, but you will have to look for that platform that doesn't require KYC. At this point in time, though, you're like looking for a needle in a haystack to find one. Most have KYC phrases in their terms and conditions already. But I guess the likes of Anonibet remains anonymous for gamblers. However, with anonymous platforms being very few, you cannot be very picky as to your preferred features. You don't have much choice.

With the development of gambling platforms though, web3 features such as connecting your own crypto wallet is already in place. You don't have to make a deposit anymore. So that's something provided by crypto gambling platforms that's probably anonymity-friendly.