Anonymity is no longer a benefit of gambling with cryptocurrency.

[Dr.Bitcoin_Strange]

So far we do still have platforms that doesnt ask out some KYC as long you arent doing or violating something inside their terms then you could actually say that you do able to make yourself that somewhat safe
and also if you dont able to reach out that kind of amount threshold in speaking about deposits or withdrawal then they wont really be asking out but of course expect the unexpected on which there's always a tendency
that they would be asking out which its not really that shocking anymore.

Although most of the platforms that don't require KYC are still legit, some of them are not, because most of these centralised platforms always get an issued certificate of operation, which enables them to carry on their business successfully in a country, and before they are offered the operation permit, they have to agree to abide by the terms of the government. So, some of the non-KYC platforms might not have really registered their businesses; as such, they are operating illegally, and if one is using such a platform that is operating illegally, you still have to be afraid and conscious of your money because if the platform collapses or gets caught by the government, they could be charged and all the funds of customers will be frozen. While some platforms also have KYC, they don't just make it compulsory until they have any reason to do so; then they can free the victim's account and ask the person to pass KYC.

[Apocollapse]

Although most of the platforms that don't require KYC are still legit, some of them are not, because most of these centralised platforms always get an issued certificate of operation, which enables them to carry on their business successfully in a country, and before they are offered the operation permit, they have to agree to abide by the terms of the government. So, some of the non-KYC platforms might not have really registered their businesses; as such, they are operating illegally, and if one is using such a platform that is operating illegally, you still have to be afraid and conscious of your money because if the platform collapses or gets caught by the government, they could be charged and all the funds of customers will be frozen. While some platforms also have KYC, they don't just make it compulsory until they have any reason to do so; then they can free the victim's account and ask the person to pass KYC.

After all it's about trust and there's a possibility of worst scenario could happen.

A legit no KYC casino is operated illegally, but the casino operated by good people, they will not scam. But there's a casino has license and ask KYC, they started to be a legit casino and then suddenly become a scam casino.

Similar like mixer where they're become the third party who mix the coins and know the input and output of the address, if they get caught, they could give the private information to the government.

[Coin_trader]

Although most of the platforms that don't require KYC are still legit, some of them are not, because most of these centralised platforms always get an issued certificate of operation, which enables them to carry on their business successfully in a country, and before they are offered the operation permit, they have to agree to abide by the terms of the government. So, some of the non-KYC platforms might not have really registered their businesses; as such, they are operating illegally, and if one is using such a platform that is operating illegally, you still have to be afraid and conscious of your money because if the platform collapses or gets caught by the government, they could be charged and all the funds of customers will be frozen. While some platforms also have KYC, they don't just make it compulsory until they have any reason to do so; then they can free the victim's account and ask the person to pass KYC.

You’re right on your take regarding the reason behind centralized services requiring KYC. IIRC the main reason why this centralized services aims to get licensed to operate legally is because they are accepting fiat as currency to their service which makes them legally obligated to follow the government law in regards with fiat AML.

Decentralized services such as DeFi and real decentralized casino usually doesn’t need license to operate since crypto currency is not a legal tender or nor regulated on most of the currency. It can be considered as play money only unless the specific country already have a rules on cryptocurrency regulation like US and EU.

[so98nn]

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

[noormcs5]

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

I prefer that casino do not ask for our KYC but usually this cannot be implemented in a real world because the casinos have to abide by the rules and regulations of the governing authorities and if they do not enforce KYC, these agencies will not allow them to run these casinos. We have to live with this.

However, Anonymity is a really good thing but unfortunately at present times when we have centralized gambling platforms, this seems impossible to remain anonymous.

[abel1337]

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

I prefer that casino do not ask for our KYC but usually this cannot be implemented in a real world because the casinos have to abide by the rules and regulations of the governing authorities and if they do not enforce KYC, these agencies will not allow them to run these casinos. We have to live with this.

However, Anonymity is a really good thing but unfortunately at present times when we have centralized gambling platforms, this seems impossible to remain anonymous.

Being anonymous is now a luxury on crypto caainos. Most reputable casinos are now collcting KYC for different reasons like abiding the law, can also be a precaution to abusers and cheaters. It's hard to find a keeper casino that doesn't full collect KYC. We can see new casinos offering no kyc collecting as some kimd of feature to lure people who want anonimity but the drawback is their legimitacy is not verified also given that they don't have a license knowing that they don't collect KYC. Being purely anonymous on an crypto casino right now has it's own risks.

[Distinctin]

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

I prefer that casino do not ask for our KYC but usually this cannot be implemented in a real world because the casinos have to abide by the rules and regulations of the governing authorities and if they do not enforce KYC, these agencies will not allow them to run these casinos. We have to live with this.

However, Anonymity is a really good thing but unfortunately at present times when we have centralized gambling platforms, this seems impossible to remain anonymous.

The issue here is not whether a gambling site is centralized or not, as it cannot be argued that centralized casinos have been dominating the industry. The difference lies in the type of currency. For us crypto enthusiasts, we prefer gambling using crypto.

Speaking about centralized casinos automatically implies regulation; hence, KYC is required as a basic requirement. However, there are still gambling sites that do not implement it for all of their clients. This is something we can take advantage of if we are looking to gamble anonymously.

[Blitzboy]

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

Look, KYC is a complete waste of time and rubbish. The real kicker, though, is that it's really necessary, especially for online casinos. You make a valid point when you say that casinos abide by local laws. Scammers abound, and the digital world is full of potential traps. The system as a whole would be significantly more exposed without KYC.

Each time a user registers on one of these sites, their purchases, winnings, and other actions are associated with their identity. You're also right on the money when you say that this proof could be valuable in the event of a hoax. Although anonymity may be in, the trail left by KYC may be the only thing standing between recovering stolen money and saying a heartbreaking farewell.

Casinos online arent like picking candies from a shelf in a store. They could be harmful, complex, and vulnerable to fraud. And even if I despise KYC with all of my heart, I cannot discount its significance in providing a risk-free gambling environment. Therefore, dream on, those who believe they may gamble online anonymously!

[Magoo8]

I don't think there is anything wrong with that thought. If casinos are doing the KYC then they are abiding by their jurisdiction. Secondly, if they are doing the KYC then they are also making client-user contracts and it becomes one sort of evidence that we are registered on that casino, we have our cashier account too. As we move with time and make transactions they are getting recorded against our KYC so it's solid proof. Now, you never know when this proof will become an important thing in your life if somehow they do a scam of some type. This could be a lifesaver. I have seen peeps fighting for their life when some casinos ask for the KYC because if they have surpassed certain limits of transaction/winnings.

If that is the case then I hardly think the anonymous nature in a casino matters. I can understand when it comes to the physical one, but when it's an online casino, you have to be very cautious.

I prefer that casino do not ask for our KYC but usually this cannot be implemented in a real world because the casinos have to abide by the rules and regulations of the governing authorities and if they do not enforce KYC, these agencies will not allow them to run these casinos. We have to live with this.

However, Anonymity is a really good thing but unfortunately at present times when we have centralized gambling platforms, this seems impossible to remain anonymous.

The issue here is not whether a gambling site is centralized or not, as it cannot be argued that centralized casinos have been dominating the industry. The difference lies in the type of currency. For us crypto enthusiasts, we prefer gambling using crypto.

Speaking about centralized casinos automatically implies regulation; hence, KYC is required as a basic requirement. However, there are still gambling sites that do not implement it for all of their clients. This is something we can take advantage of if we are looking to gamble anonymously.

Your posts sums it up nicely since KYC isn't necessary at all casinos. We like cryptos so that we have a choice to cut out a third party. We like no KYC casinos since it does cut out that middle layer. It's our choice to play at casinos with or without KYC. Almost all casinos that go out of business have a license with a KYC clause so we aren't protected by having to go through KYC.

[Dr.Bitcoin_Strange]

That's basically the logic behind the implementation of KYC protocols, to deter money launderers, scammers, and every form of malicious actors from using the casino as a way for them to store their ill-gotten funds without getting caught. Virtually everywhere in the cryptocurrency world you can keep your money without getting caught if you're a scammer, but if you want to use it in real life you'd have to run it through an exchange, or convert it to fiat through online casinos, good thing that most of them do these since at the end of the day it stops these people from being able to get a hold of their funds outright. And while it's a flawed system that needs some form of improvement to make sure that it doesn't inconvenience anyone but those that need to be inconvenienced, it's a much needed one.

Yeah, the idea of KYC might not be bad, but it really has a strong disadvantage that can cause harm to customers. mostly those KYC-centralised exchanges where users are carrying out KYC before they trade their crypto asset; perhaps if the government decides to launch an attack on Bitcoin investors, they can really get our details and login IPs from those CEX. Although, for casinos, it is also the gambler's choice to go on KYC or not. Well, in my country, there are more than 6 different online casinos, of which most of them that I use still have KYC compliance, but they don't make it compulsory until there is any need for it, maybe if a flagged bank account or wallet deposit is made to the casino.

[coolcoinz]

That's basically the logic behind the implementation of KYC protocols, to deter money launderers, scammers, and every form of malicious actors from using the casino as a way for them to store their ill-gotten funds without getting caught. Virtually everywhere in the cryptocurrency world you can keep your money without getting caught if you're a scammer, but if you want to use it in real life you'd have to run it through an exchange, or convert it to fiat through online casinos, good thing that most of them do these since at the end of the day it stops these people from being able to get a hold of their funds outright. And while it's a flawed system that needs some form of improvement to make sure that it doesn't inconvenience anyone but those that need to be inconvenienced, it's a much needed one.

It's bullshit just as much as statements that CBDCs are going to benefit society because they're completely transparent, that your money is safe in the bank, that inflation should not worry you because it's normal, that money printing is normal, and of course, last but not least, that bitcoin is bad for the environment.

Do you really believe that the reason for KYC is to stop money launderers? How many money launderers are there really in a country? How many of them launder millions of dollars a year? I'd say not many. Why do all people have to lose anonymity because of these few people? Why do we, and by we I mean people like you, because I don't, support collective responsibility? Collective responsibility is a scam and a way for governments to abuse the public.

[Docnaster]

The essence of cryptocurrency is being secured and anonymity. With the centralized platform, the players do not have any more rights because upon creating an account, they agree with the terms and conditions that there's the information needed for them to proceed to make a gamble, be entertained, and more. Some casinos offer a non-KYC or at least a level 1 KYC etc, which requires an email and phone number for part of the verification for account recoveries. The essence of being anonymous might not as we expect. Some trouble with accounts now requires a higher level of KYC that makes the player more expose with the data privacy.

As you rightly said, level 1 kyc might not be a threat to the anonymity of a gambler
Anyone can use a throw away phone number and email that is not related to their identity to open an account and complete a level one kyc on the casino website. Where the major problem lies is when someone is expected to begin submit their document and scan their faces in order to be able to withdraw their funds in a casino that has initially promised to be a non kyc casino.

[serjent05]

Although most of the platforms that don't require KYC are still legit, some of them are not, because most of these centralised platforms always get an issued certificate of operation, which enables them to carry on their business successfully in a country, and before they are offered the operation permit, they have to agree to abide by the terms of the government. So, some of the non-KYC platforms might not have really registered their businesses; as such, they are operating illegally, and if one is using such a platform that is operating illegally, you still have to be afraid and conscious of your money because if the platform collapses or gets caught by the government, they could be charged and all the funds of customers will be frozen. While some platforms also have KYC, they don't just make it compulsory until they have any reason to do so; then they can free the victim's account and ask the person to pass KYC.

You’re right on your take regarding the reason behind centralized services requiring KYC. IIRC the main reason why this centralized services aims to get licensed to operate legally is because they are accepting fiat as currency to their service which makes them legally obligated to follow the government law in regards with fiat AML.

[/quote]

I agree, since online service is boundless, the centralized casinos will definitely want to take advantage of the limitless potential of an online platform but to  acquire it they need to comply on different countries regulation.  Also accepting fiat currency also often a new audience for them creating a new set of customers.

Decentralized services such as DeFi and real decentralized casino usually doesn’t need license to operate since crypto currency is not a legal tender or nor regulated on most of the currency. It can be considered as play money only unless the specific country already have a rules on cryptocurrency regulation like US and EU.

Decentralized casino games are too boring because of their existing game were originally created by the developer of the casino.  Many centralized casinos aim for the growth of their platform so they need to make their platform more presentable.  They tend to acquire third party services that possibly requires a casino license which then triggers the KYC requirement for the players.

[danadc]

The essence of cryptocurrency is being secured and anonymity. With the centralized platform, the players do not have any more rights because upon creating an account, they agree with the terms and conditions that there's the information needed for them to proceed to make a gamble, be entertained, and more. Some casinos offer a non-KYC or at least a level 1 KYC etc, which requires an email and phone number for part of the verification for account recoveries. The essence of being anonymous might not as we expect. Some trouble with accounts now requires a higher level of KYC that makes the player more expose with the data privacy.

As you rightly said, level 1 kyc might not be a threat to the anonymity of a gambler
Anyone can use a throw away phone number and email that is not related to their identity to open an account and complete a level one kyc on the casino website. Where the major problem lies is when someone is expected to begin submit their document and scan their faces in order to be able to withdraw their funds in a casino that has initially promised to be a non kyc casino.

The way I see things, if I see anything that asks for documents as a threat to Anonymity, if you give your ID or your cell phone , passport , they will know who you are, and they also know what they do, where you live, that is enough for anything, not just for hackers and criminals , but for keeping track of people who always have casino records and know they have crypto , which makes governments an easy target to pay taxes on, and having different ways of being able to have them in a system where the yoke will always be there, that's what I don't like about a kyc because the governments take advantage of that, you don't know when they will take something from you or ask for something.

[khaled0111]

The essence of cryptocurrency is being secured and anonymity. .

This is a common misconception. The main advantage of cryptocurrencies (most of them at least) is not being anonymous but being a trustless payment method. Bitcoin, the leading crypto, is not anonymous, it's pseudonymous.

IIRC the main reason why this centralized services aims to get licensed to operate legally is because they are accepting fiat as currency to their service which makes them legally obligated to follow the government law in regards with fiat AML.
..

This is not correct. It doesn't matter whether the casino accepts fiat or not. As long as it's a licensed business they need to comply with regulations. Even pure crypto casinos, if licensed, they need to enforce kyc.

[Crypto Library]

You are not wrong, but there are still casinos that requires no KYC, more of them will later request there customers for KYC verification. Nearly all the crypto gambling sites of today are centralized. Although some are claiming to be web3 which you can connect your noncustodial wallet to, which are not centralized. But as for centralized gambling sites, we should not think of them as no KYC gambling sites, there are still few that require no KYC though for low amount withdrawal.

It is natural for centralized platforms to do KYC for high quality money transactions because if kyc system is not kept here then many people can use them to complete heinous activities like money laundering and for this reason kyc is made mandatory on every licensed sites. And sites that don't require kyc are mostly unlicensed sites. so how can you trust those sites that they won't cheat you when you trade high quality money and win huge jackpots. So definitely anonymity in gambling sites will keep you in a limitation where you won't be able to win high quality money.

[danherbias07]

Well, yes and no.
If you are playing just to have fun in casinos and won't far where your money could hit the anti-money laundering act then you are safe, you won't need a KYC, just the email will do. Now, if you are taking it further by betting high amounts then you should start thinking about it because casinos would definitely act so that they won't be the one targeted by government officials. They need to abide by the rules of a business especially in the financial district. They cannot just let people gamble money while they are unknown. It's actually not different from trading and investing. You cannot buy loads of Bitcoin today and remain anonymous especially if you buying at a known exchange. They always use KYC even at small amounts of purchases.

[poodle63]

I prefer that casino do not ask for our KYC but usually this cannot be implemented in a real world because the casinos have to abide by the rules and regulations of the governing authorities and if they do not enforce KYC, these agencies will not allow them to run these casinos. We have to live with this.

However, Anonymity is a really good thing but unfortunately at present times when we have centralized gambling platforms, this seems impossible to remain anonymous.

Our KYC is not tha timportant for casino but the main problem since they have been getting licensed by the regulators and the platform must follow what already ordered by the regulators. This is something that can't be avoided.

Your platform already listed as a legal platform and do you wanna see your platform listed as illegal platform for now follow regulartor's order?

The main purpose for KYC to decrease money laundering. It has no other purpose than it. Don't expect casino to use your identity. The casino just wanna see people play spending their money as much as possible in the game provided by that casino itself.

[Alphie12]

You are not wrong, but there are still casinos that requires no KYC, more of them will later request there customers for KYC verification. Nearly all the crypto gambling sites of today are centralized. Although some are claiming to be web3 which you can connect your noncustodial wallet to, which are not centralized. But as for centralized gambling sites, we should not think of them as no KYC gambling sites, there are still few that require no KYC though for low amount withdrawal.

It is natural for centralized platforms to do KYC for high quality money transactions because if kyc system is not kept here then many people can use them to complete heinous activities like money laundering and for this reason kyc is made mandatory on every licensed sites. And sites that don't require kyc are mostly unlicensed sites. so how can you trust those sites that they won't cheat you when you trade high quality money and win huge jackpots. So definitely anonymity in gambling sites will keep you in a limitation where you won't be able to win high quality money.

This isn't true. All the casinos have a license. Some just use the license to steal money from us. No one of the forums has ever been caught money laundering so people should stop using the AML excuse.

[goinmerry]

The main purpose for KYC to decrease money laundering. It has no other purpose than it. Don't expect casino to use your identity. The casino just wanna see people play spending their money as much as possible in the game provided by that casino itself.

Whatever the reason for KYC, I have to agree with you on the part that the casino will not use our identity for something inappropriate especially if we talked about a reputable and popular casino. These casinos are prioritizing all the things they needed to comply as part of being a legitimate site. There is no way these casinos will take advantage of any KYC-related stuff.

Adding to that, the casinos even want more users to welcome on their platform that's why as much as possible they don't want to give their users a hassle way of registering accounts and asking a bunch of identity-related things. But since the verification process is part of the regulation, they have no choice but to follow.

Fortunately, there are still lots of crypto-gambling sites that do not mandate KYC so better enjoy those while it lasts.