Anonymity is no longer a benefit of gambling with cryptocurrency.

[pakhitheboss]

^KYC was expected to ask if you are in a centralized casino but it does not mean all of them steal your money.
It is not necessarily accurate to assume that a casino asking for Know Your Customer (KYC) verification is attempting to steal your money or report you to the government. KYC procedures are standard practice in the gambling industry and many other sectors as well. They are designed to comply with legal and regulatory requirements, such as anti-money laundering and counter-terrorism financing regulations. You become a trusted and successful casino and being a part of that is to require a KYC. Casinos and other financial institutions are often required to verify the identity of their customers to prevent illegal activities, such as money laundering and fraud. Requesting KYC documentation helps ensure the legitimacy of transactions and maintains a secure environment for all parties involved.

Almost all Casinos have now implemented mandatory KYC verification and it is understandable why they do it. But, you cannot ignore that there have been instances in the past where a trusted online casino has scammed its user by suddenly exiting with all the deposit. Those documents obtained by the casino under the guise of KYC can now be utilized in additional fraudulent activities. They might also sell them in the black market or can be used for online extortion. When a casino forces the customer to go through KYC due to government regulations then those regulations should also be applied to these casinos. I have not seen yet any kind of mandatory law for these casinos by any government to safeguard user data. 

[Rating Place]

^KYC was expected to ask if you are in a centralized casino but it does not mean all of them steal your money.
It is not necessarily accurate to assume that a casino asking for Know Your Customer (KYC) verification is attempting to steal your money or report you to the government. KYC procedures are standard practice in the gambling industry and many other sectors as well. They are designed to comply with legal and regulatory requirements, such as anti-money laundering and counter-terrorism financing regulations. You become a trusted and successful casino and being a part of that is to require a KYC. Casinos and other financial institutions are often required to verify the identity of their customers to prevent illegal activities, such as money laundering and fraud. Requesting KYC documentation helps ensure the legitimacy of transactions and maintains a secure environment for all parties involved.

Almost all Casinos have now implemented mandatory KYC verification and it is understandable why they do it. But, you cannot ignore that there have been instances in the past where a trusted online casino has scammed its user by suddenly exiting with all the deposit. Those documents obtained by the casino under the guise of KYC can now be utilized in additional fraudulent activities. They might also sell them in the black market or can be used for online extortion. When a casino forces the customer to go through KYC due to government regulations then those regulations should also be applied to these casinos. I have not seen yet any kind of mandatory law for these casinos by any government to safeguard user data.  

I agree with most of the post above with one disagreement. As of now, no crypto casino in Curacao or Costa Rica is required by law to do KYC upon deposit. New laws go into affect September 1st. Starting then we'll see if any changes occur.

[wallet4bitcoin]

KYC, being what it is doesn't spare you, your details are already disclosed as your identity is laced on every track of the way but if there exist a possibility of keeping gamblers anonymous, it will further encourage patronage but how can a gambler bank on anonymity when his KYC has been duly verified by you, that remains the golden question.

[Weawant]

Anonymity is still a benefit for crypto casino, what's people refer about anonymity in crypto casino is no one should know him as a gambler. It also not mean he really want to be unknown, they're don't have any problem to show their identity to the casino because they think it's impossible the team behind the casino will tell his friend and family if he's a gambler.

Both crypto casino and regular online casino still give us anonymity from the general public knowing that we're into gambling. Where using cryptocurency has more benefits is that you can hide your identity from banks and they won't know where your money is coming from.

But when you use the regular online casino and use the fiat payment options for depositing or withdrawing, your banks can know what you're into and then there's no anonymity anymore. For both crypto and regular online casino, you can't hide your identity from the casinos.

Anonymity is still a benefit of using cryptocurency casino as you said because it prevents us from the embracement we might get from the society for been a gamblers since people known to be gambling still experience some discrimination in work place or at home.

[EarnOnVictor]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

That is a pour truth because i have read players' testimonies where they win huge amounts and the casino never ask them for verification even when they exceed the no kyc withdrawal trench hold it is still left for the casino to decide whether to ask for KYC or not, and if the account doesn't exhibit any abusive behaviour in the system,  some casinos will just decide to let the account operate freely.

So it all depends on the underlying conditions that around the players that warrant the casino to ask for such from time to time, but also we have to settle with one fact that.

Centralized casinos have 100% right to ask for KYC, most especially if it is written in the terms and conditions of the casinos.

It is just a question of how and when are you asking for it. If you have the right to ask for KYC do it since minute zero, be honest and straightforward with you client and do not start putting obstacles when it is so obvious that you have to give their hard earned earnings back. It is so suspicious that the concerns are raised right the moment they withdraw that is very close to a scam.

It's still minimal if it's merely asking for KYC at the time of withdrawal, the worse part is that you will provide every needed document but they will still not approve your account. This is just because of your winning, and they will be finding excuses for holding your money. I don't think there is a company (gambling or not) that I don't first do my KYC before I entrusted my money with them for the past 18 years. I make sure that my account is fully certified, and if they started making excuses for withdrawing my money, then I would know immediately that it's foul play.

A no-KYC crypto casino should be the best judging by the nature of cryptocurrency but lack of trust and regulation have tied their hands. Even at that, they have excesses under the guise of KYC, which is why it's good to look for the ones you can only trust.

[bittraffic]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

That is a pour truth because i have read players' testimonies where they win huge amounts and the casino never ask them for verification even when they exceed the no kyc withdrawal trench hold it is still left for the casino to decide whether to ask for KYC or not, and if the account doesn't exhibit any abusive behaviour in the system,  some casinos will just decide to let the account operate freely.

So it all depends on the underlying conditions that around the players that warrant the casino to ask for such from time to time, but also we have to settle with one fact that.

Centralized casinos have 100% right to ask for KYC, most especially if it is written in the terms and conditions of the casinos.

It is just a question of how and when are you asking for it. If you have the right to ask for KYC do it since minute zero, be honest and straightforward with you client and do not start putting obstacles when it is so obvious that you have to give their hard earned earnings back. It is so suspicious that the concerns are raised right the moment they withdraw that is very close to a scam.

It's still minimal if it's merely asking for KYC at the time of withdrawal, the worse part is that you will provide every needed document but they will still not approve your account. This is just because of your winning, and they will be finding excuses for holding your money. I don't think there is a company (gambling or not) that I don't first do my KYC before I entrusted my money with them for the past 18 years. I make sure that my account is fully certified, and if they started making excuses for withdrawing my money, then I would know immediately that it's foul play.

A no-KYC crypto casino should be the best judging by the nature of cryptocurrency but lack of trust and regulation have tied their hands. Even at that, they have excesses under the guise of KYC, which is why it's good to look for the ones you can only trust.

They are bound to comply with the regulation that if the government asks for the client's data, they might just give it as well. I don't think there is a casino that you can trust but as long as you play and withdraw minimal funds, you could just skip the KYC requirements.

There are however casinos that ask KYC regardless of how small the funds you are about to withdraw, I tried this from one casino which still asks even if the funds I got were just $70 worth of Doge.  Never bother to withdraw it but play the risk of putting it all to the underdog by KO.

[abel1337]

~snip
Sandra 🧑‍🦰

~snip

~snip

It's still minimal if it's merely asking for KYC at the time of withdrawal, the worse part is that you will provide every needed document but they will still not approve your account. This is just because of your winning, and they will be finding excuses for holding your money. I don't think there is a company (gambling or not) that I don't first do my KYC before I entrusted my money with them for the past 18 years. I make sure that my account is fully certified, and if they started making excuses for withdrawing my money, then I would know immediately that it's foul play.

A no-KYC crypto casino should be the best judging by the nature of cryptocurrency but lack of trust and regulation have tied their hands. Even at that, they have excesses under the guise of KYC, which is why it's good to look for the ones you can only trust.

They are bound to comply with the regulation that if the government asks for the client's data, they might just give it as well. I don't think there is a casino that you can trust but as long as you play and withdraw minimal funds, you could just skip the KYC requirements.

There are however casinos that ask KYC regardless of how small the funds you are about to withdraw, I tried this from one casino which still asks even if the funds I got were just $70 worth of Doge.  Never bother to withdraw it but play the risk of putting it all to the underdog by KO.

That's true. Casino wouldn't sacrifice their license for the sake of a single gambler. If they are asked by their license provider, I think it's obvious that they won't hesitate to comply with it.

If a casino has a license and didn't declare that they won't collect KYC, don't be unconcerned about KYC since they still has a chance that they will collect it from you. It is the experience of the majority of low bankroll gamblers but don't assume that it will also happen to you because we don't know what is the real criteria of casinos.

[danadc]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

That is a pour truth because i have read players' testimonies where they win huge amounts and the casino never ask them for verification even when they exceed the no kyc withdrawal trench hold it is still left for the casino to decide whether to ask for KYC or not, and if the account doesn't exhibit any abusive behaviour in the system,  some casinos will just decide to let the account operate freely.

So it all depends on the underlying conditions that around the players that warrant the casino to ask for such from time to time, but also we have to settle with one fact that.

Centralized casinos have 100% right to ask for KYC, most especially if it is written in the terms and conditions of the casinos.

It is just a question of how and when are you asking for it. If you have the right to ask for KYC do it since minute zero, be honest and straightforward with you client and do not start putting obstacles when it is so obvious that you have to give their hard earned earnings back. It is so suspicious that the concerns are raised right the moment they withdraw that is very close to a scam.

It's still minimal if it's merely asking for KYC at the time of withdrawal, the worse part is that you will provide every needed document but they will still not approve your account. This is just because of your winning, and they will be finding excuses for holding your money. I don't think there is a company (gambling or not) that I don't first do my KYC before I entrusted my money with them for the past 18 years. I make sure that my account is fully certified, and if they started making excuses for withdrawing my money, then I would know immediately that it's foul play.

A no-KYC crypto casino should be the best judging by the nature of cryptocurrency but lack of trust and regulation have tied their hands. Even at that, they have excesses under the guise of KYC, which is why it's good to look for the ones you can only trust.

When I started with everything that has to do with cryptocurrencies, the coin that welcomed me was an anonymity project in the coin and I learned a lot from there, that's why I wonder, why don't they put Monero in casinos? Monero is a crypto, it is a currency that has legality, that anonymity is something since it offers, but casinos should include them, governments and those who are not interested are going to put themselves against it, but casinos should be a little more aware and give the players that opportunity, I know they have KYC, but they should let the players maneuver later, after being out of the casino and it is the problem of each player, I consider that.

[Lanatsa]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

That is a pour truth because i have read players' testimonies where they win huge amounts and the casino never ask them for verification even when they exceed the no kyc withdrawal trench hold it is still left for the casino to decide whether to ask for KYC or not, and if the account doesn't exhibit any abusive behaviour in the system,  some casinos will just decide to let the account operate freely.

So it all depends on the underlying conditions that around the players that warrant the casino to ask for such from time to time, but also we have to settle with one fact that.

Centralized casinos have 100% right to ask for KYC, most especially if it is written in the terms and conditions of the casinos.

It is just a question of how and when are you asking for it. If you have the right to ask for KYC do it since minute zero, be honest and straightforward with you client and do not start putting obstacles when it is so obvious that you have to give their hard earned earnings back. It is so suspicious that the concerns are raised right the moment they withdraw that is very close to a scam.

It's still minimal if it's merely asking for KYC at the time of withdrawal, the worse part is that you will provide every needed document but they will still not approve your account. This is just because of your winning, and they will be finding excuses for holding your money. I don't think there is a company (gambling or not) that I don't first do my KYC before I entrusted my money with them for the past 18 years. I make sure that my account is fully certified, and if they started making excuses for withdrawing my money, then I would know immediately that it's foul play.

A no-KYC crypto casino should be the best judging by the nature of cryptocurrency but lack of trust and regulation have tied their hands. Even at that, they have excesses under the guise of KYC, which is why it's good to look for the ones you can only trust.

When I started with everything that has to do with cryptocurrencies, the coin that welcomed me was an anonymity project in the coin and I learned a lot from there, that's why I wonder, why don't they put Monero in casinos? Monero is a crypto, it is a currency that has legality, that anonymity is something since it offers, but casinos should include them, governments and those who are not interested are going to put themselves against it, but casinos should be a little more aware and give the players that opportunity, I know they have KYC, but they should let the players maneuver later, after being out of the casino and it is the problem of each player, I consider that.

We do still have some old platforms which remain still to have that no kyc and including out XMR(Monero)
https://crypto.games/dice/monero and there are other games offered too with this kind of deposit option.

But in overall it is really just that these businesses are getting in line with government rules and regulations on which if ever they wont really be opposing on their laws or whatever that had been stated
then they cant really be able to operate and since majority of people would really be that preferring on sites or platforms which does have license then for sure they would really be following on something.
There are still some options that we could have today which it is really that good to see just like on crypto.games that i have put up above, which does still give out ton what crypto casino should be. 

[Wiwo]

We do still have some old platforms which remain still to have that no kyc and including out XMR(Monero)
https://crypto.games/dice/monero and there are other games offered too with this kind of deposit option.

But in overall it is really just that these businesses are getting in line with government rules and regulations on which if ever they wont really be opposing on their laws or whatever that had been stated
then they cant really be able to operate and since majority of people would really be that preferring on sites or platforms which does have license then for sure they would really be following on something.
There are still some options that we could have today which it is really that good to see just like on crypto.games that i have put up above, which does still give out ton what crypto casinos should be. 

We still have a lot of decentralized casinos that doesn't require any one information or KYC verification before they allow the gambler to play on their casinos and at that, we can choose to only play on such casinos instead of handing over your identity documents to a third-party platform that you can have confidence in the safety of that information and documents.

But if you have any one of such that you trust their systems and reputation and you believe that your data are saved on them,  it means you can easily trust them with your data and if you have nothing to hide you won't have much to border about handing over a few verification doc.

[Lanatsa]

~~~

We still have a lot of decentralized casinos that doesn't require any one information or KYC verification before they allow the gambler to play on their casinos and at that, we can choose to only play on such casinos instead of handing over your identity documents to a third-party platform that you can have confidence in the safety of that information and documents.

But if you have any one of such that you trust their systems and reputation and you believe that your data are saved on them,  it means you can easily trust them with your data and if you have nothing to hide you won't have much to border about handing over a few verification doc.

Well, you do got a point specially on the platforms that you've been long time using or dealing or hanging out with on which it would really be that building up that kind of trust and confidence that if ever these places

goes south and make out that changes then you would really be complying things without having that kind of argument on your mind whether you should proceed or not. This is why it would really vary on each person.
Its true that it would really be that definitely be that a huge hindrance if ever we do tend to play on a site and then asking out some documents or verification. So far based on real experience with the current platforms that we do have in the market today.
Most of them are accepting deposits and could only potentially ask out some verification on the time that you do win big or having some violations.This had been
a known situation or common  scenario for most platforms today.

[Wiwo]

~~~

We still have a lot of decentralized casinos that doesn't require any one information or KYC verification before they allow the gambler to play on their casinos and at that, we can choose to only play on such casinos instead of handing over your identity documents to a third-party platform that you can have confidence in the safety of that information and documents.

But if you have any one of such that you trust their systems and reputation and you believe that your data are saved on them,  it means you can easily trust them with your data and if you have nothing to hide you won't have much to border about handing over a few verification doc.

Well, you do got a point specially on the platforms that you've been long time using or dealing or hanging out with on which it would really be that building up that kind of trust and confidence that if ever these places

goes south and make out that changes then you would really be complying things without having that kind of argument on your mind whether you should proceed or not. This is why it would really vary on each person.
Its true that it would really be that definitely be that a huge hindrance if ever we do tend to play on a site and then asking out some documents or verification. So far based on real experience with the current platforms that we do have in the market today.
Most of them are accepting deposits and could only potentially ask out some verification on the time that you do win big or having some violations.This had been
a known situation or common  scenario for most platforms today.

Yes most of the regulatory compliance casinos that require kyc to play on them are majorly interested in huge transactions such as demand for kyc on amount of $5,000 and above transaction amount,  be it deposits or withdrawal,  such casinos offer the players some level of privacy and decentralization if the gambler operates within that transactions limits,  as also again only when there a suspicious activities from the gambler them also will the casino request them to go through verification process.

I believe that many of the gamblers already know this fact and have settled with it that the casinos in that class,  have the right to request for KYC documents at any point their wish to without any limitation as long as there is a standing order from the beginning that there will be kyc.

[Vaskiy]

Anonymity is a big feature that attracted huge number of gamblers towards cryptocurrency based gambling platforms. This is all because of the privacy concern and at the beginning days the Casinos too didn't consider it a big thing. With time the regulatory needs, competence and the illegal transactions made the Casinos request KYC. However it is possible to play and withdraw limited amount without kyc. So, the Whale gamblers are the must to fulfill KYC as the deposit and withdrawal will be big.

[TastyChillySauce00]

Anonymity is a big feature that attracted huge number of gamblers towards cryptocurrency based gambling platforms. This is all because of the privacy concern and at the beginning days the Casinos too didn't consider it a big thing. With time the regulatory needs, competence and the illegal transactions made the Casinos request KYC. However it is possible to play and withdraw limited amount without kyc. So, the Whale gamblers are the must to fulfill KYC as the deposit and withdrawal will be big.

The risk is very high. You didn't own your money if you have deposited it to the casino. Let's wake up if you may able to gamble with small amounts without KYC but the chance for your account being frozen by the gambling site is quite high.
Casino was just implementing the same verification like what exchange sites did. There's nothing wrong with it as long as the service is not turned out to be a scam.

People will able to deal with it easily without any problem. You can do nothing if that requirement was coming from the regulators. The regulators can ruin it anytime. KYC is easy requirement.

[ethereumhunter]

Anonymity is a big feature that attracted huge number of gamblers towards cryptocurrency based gambling platforms. This is all because of the privacy concern and at the beginning days the Casinos too didn't consider it a big thing. With time the regulatory needs, competence and the illegal transactions made the Casinos request KYC. However it is possible to play and withdraw limited amount without kyc. So, the Whale gamblers are the must to fulfill KYC as the deposit and withdrawal will be big.

So we as small users can still play gambling at casinos that may ask for KYC from large users or whales. And because we gamble only using small money, the casino will not pay much attention to it unless we are indicated to be involved in illegal activity or the casino suspects us of cheating or violating the rules that exist in the casino. But as long as we don't do anything that could arouse suspicion from the casino, we will be safe and can play gambling in peace and when we want to withdraw our winnings, the casino will allow and process it because maybe our winnings won't be as big as whales. But we might be asked to do KYC when the winning money is big. So we can only be prepared.

[terrific]

Casino was just implementing the same verification like what exchange sites did. There's nothing wrong with it as long as the service is not turned out to be a scam.

Well, it should be embraced that every casino is free to ask verification, KYC if they needed so and customers can't stop that if they want users to comply.

People will able to deal with it easily without any problem. You can do nothing if that requirement was coming from the regulators. The regulators can ruin it anytime. KYC is easy requirement.

It's easy requirement but we don't want that to happen to us because we don't like it to be implemented as it seems like a stopper with our activity. But those small gamblers do not have to think of it that much because this only applies when something triggers a casino.
Like how big your withdrawal is.

[tjtonmoy]

Your privacy is your's to keep. What you choose will determine your privacy and safety. There are platforms where KYC is still not required to withdraw if you are doing it in a low amount. If you go over the limit, only then you will have to complete KYC verification. Most gambling platforms are somewhat centralized, one way or another. But there are some which require no KYC. So privacy and anonymity are kept safe there.

If you choose any of them from those platforms, you can take the benefit of being anonymous. So it's up to you. What you choose will decide whether you are anonymous or not.

[Dunamisx]

Both crypto casino and regular online casino still give us anonymity from the general public knowing that we're into gambling.

For someone like me, except i choose to let others know what i do, it will be very difficult for people to know what am upto, now with the use of the mobile phone, the crypto online gambling sites had been made easy such that one can easily use the privilege of gambling through our devices without going public with it while others seing us, they gave also made it a consideration in the aspect of providing anonymity to gambler using their services which you will discover that some don't require kyc on their platform.

[Sanitough]

Both crypto casino and regular online casino still give us anonymity from the general public knowing that we're into gambling.

That's not the point, and that's not the kind of anonymity we are seeking.

Privacy and anonymity are two different things. When a casino is regulated, you can only achieve privacy, as it's their responsibility to keep your information confidential and share it with their regulators only when necessary. On the other hand, with anonymity, we can enjoy complete freedom. Gambling sites that cater to gamblers have no knowledge of who we are, ensuring that our gambling activities remain unknown. This means that nobody would know we are gambling or where our money is coming from if we win. Additionally, if we were involved in illegal activities, particularly money laundering, we could operate freely without being caught.

[Blitzboy]

Anonymity is a big feature that attracted huge number of gamblers towards cryptocurrency based gambling platforms. This is all because of the privacy concern and at the beginning days the Casinos too didn't consider it a big thing. With time the regulatory needs, competence and the illegal transactions made the Casinos request KYC. However it is possible to play and withdraw limited amount without kyc. So, the Whale gamblers are the must to fulfill KYC as the deposit and withdrawal will be big.

So we as small users can still play gambling at casinos that may ask for KYC from large users or whales. And because we gamble only using small money, the casino will not pay much attention to it unless we are indicated to be involved in illegal activity or the casino suspects us of cheating or violating the rules that exist in the casino. But as long as we don't do anything that could arouse suspicion from the casino, we will be safe and can play gambling in peace and when we want to withdraw our winnings, the casino will allow and process it because maybe our winnings won't be as big as whales. But we might be asked to do KYC when the winning money is big. So we can only be prepared.

Simply put, you misunderstand anonymity. Do you think casinos, which are designed to make as much money as possible, wouldnt notice? They have data tools that may rival a tech giant. Your every wager, click, and withdrawal is monitored.

KYC isnt just for "whales." It combats financial fraud. You think a casino cares more about a whale than you? Not right. The law and staying out of trouble matter to them. No matter how much you win, their programme treats you like statistics.

Chat about Bitcoin. A currency without a central bank. But now that online casinos are centralised? Like fitting an elephant in a tiny cooper. Power plays in the economy are intriguing. Casinos may exploit Bitcoin's decentralisation, but they're still centralised powerhouses.