Anonymity is no longer a benefit of gambling with cryptocurrency.

[Webetcoins]

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.

The anonymity from the general public is the only advantage about anonymity we have from cryptocurrency gambling platforms for now, but we might even lose that in the future if the platforms started asking us to create our usernames with our first and last names with some random number, etc. But even after that, I believe the public can't see us gambling and if our bets are shown in the latest bets section, we can choose to hide our name there.

However, whatever the situation is, some people might not like the KYC verification and stuff, but we need to admit that cryptocurrency gambling platforms have provided us with a lot of ease when it comes to gambling if we take apart this one thing that we consider a disadvantage which isn't in my opinion.

[abel1337]

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.

The thing is that reputable casinos are the one who are collecting the KYC and majority of the casinos that don't collect KYC are the one who are either new to the crypto casino industry to an unknown casino. We know that playing on those casinos has some outside risks like falling into a potential scam or being involved on something that you don't want to happen. There are also gamblers who are fond of using big amounts to gamble but actually don't want to submit their KYC on casinos. Imagine that you are a celebrity with a massive cashflow and you want to do gambling but one thing is you don't want to get scammed or submit KYC for some reasons. There's no way to go, you have to choose a inconvenience to gamble.

[bittraffic]

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Sandra 🧑‍🦰

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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.

It's good to always safe to assume it can happen to everyone else. Although they have different criteria, having less than $500 in the account is quite safe. I wouldn't even try to withdraw this much already but this is because I'm sure I will be back to bet again.

If ever I am required to submit though, I will comply and will more likely going to stay in this casino for a long time after all my data is with them already. And I don't wanna submit it to any other casino. What other criteria do they have by the way?

[Alphie12]

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.

The thing is that reputable casinos are the one who are collecting the KYC and majority of the casinos that don't collect KYC are the one who are either new to the crypto casino industry to an unknown casino. We know that playing on those casinos has some outside risks like falling into a potential scam or being involved on something that you don't want to happen. There are also gamblers who are fond of using big amounts to gamble but actually don't want to submit their KYC on casinos. Imagine that you are a celebrity with a massive cashflow and you want to do gambling but one thing is you don't want to get scammed or submit KYC for some reasons. There's no way to go, you have to choose a inconvenience to gamble.

This doesn't seem to be true. Some of the oldest and reputable crypto casinos don't do KYC. All fiats do KYC and many fiats are crooked. Even if you give your KYC to a crypto casino they may ask for a video selfie later.

[ethereumhunter]

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.

The casino knows what its users are doing because user activity in the casino is always monitored and if there is any suspicion, the casino will check it immediately. If we small gamblers play there, the casino will always monitor it and the casino can do anything to our gambling account.

Most cases happen are people who have already deposited or want to withdraw so much money that the casinos will ask them to do KYC. Some people come to the casino, create an account and deposit a lot of money, say over $1,000. That's a lot of money. If you are a casino owner, are you not suspicious of that activity? What would you do? You may want to check his background by asking him to do KYC. That's what casinos do.

People do not pay attention to the age of their new gambling accounts and immediately deposit very large sums of money, which small gamblers are unlikely to do. This problem then sparked the attention of the casino to do KYC on its new members, especially for people who have deposited a lot of money into the casino and managed to win a lot of money too. The casino will surely ask him to do KYC verification.

Indeed KYC is not just about "whales," but we are talking about people spending huge amounts of money and withdrawing huge amounts of money from casinos. Casinos are more interested in such people than in dealing with petty gamblers. But I may be wrong on this. I'm sorry

[Jawhead999]

This doesn't seem to be true. Some of the oldest and reputable crypto casinos don't do KYC. All fiats do KYC and many fiats are crooked. Even if you give your KYC to a crypto casino they may ask for a video selfie later.

That's because the old and reputable crypto casinos already make a lot money, so if there's a gambler is winning and withdraw his profit, it's just a peanut for the casino and they will not ask KYC since it just a wasting time for them.

Yeah KYC isn't only submitting personal ID, bill etc, but including self introduction video, live video, or other ridiculous thing that could satisfy them and you don't have any option to reject it.

[Japinat]

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.

The anonymity from the general public is the only advantage about anonymity we have from cryptocurrency gambling platforms for now, but we might even lose that in the future if the platforms started asking us to create our usernames with our first and last names with some random number, etc. But even after that, I believe the public can't see us gambling and if our bets are shown in the latest bets section, we can choose to hide our name there.

However, whatever the situation is, some people might not like the KYC verification and stuff, but we need to admit that cryptocurrency gambling platforms have provided us with a lot of ease when it comes to gambling if we take apart this one thing that we consider a disadvantage which isn't in my opinion.

Yup, anonymity is still there but only to our co-gamblers because as of now, most casinos doesn't require us to us our real name as a username and only the casinos knew who are we behind the screen because of the KYC that has been implemented and followed by almost all known platforms today. Still, there are ups and downs to that and we cannot blame some gamblers if they don't want the KYC because even me doesn't want it, but what can we do aside from complying to their terms if we still want to continue our activities.

[Kelvinid]

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.

The anonymity from the general public is the only advantage about anonymity we have from cryptocurrency gambling platforms for now, but we might even lose that in the future if the platforms started asking us to create our usernames with our first and last names with some random number, etc. But even after that, I believe the public can't see us gambling and if our bets are shown in the latest bets section, we can choose to hide our name there.

However, whatever the situation is, some people might not like the KYC verification and stuff, but we need to admit that cryptocurrency gambling platforms have provided us with a lot of ease when it comes to gambling if we take apart this one thing that we consider a disadvantage which isn't in my opinion.

Yup, anonymity is still there but only to our co-gamblers because as of now, most casinos doesn't require us to us our real name as a username and only the casinos knew who are we behind the screen because of the KYC that has been implemented and followed by almost all known platforms today. Still, there are ups and downs to that and we cannot blame some gamblers if they don't want the KYC because even me doesn't want it, but what can we do aside from complying to their terms if we still want to continue our activities.

The solution is simple: don't invest a large amount of money into a specific gambling site. This way, if they ask for KYC, you can easily move on and search for other gambling sites that serve gamblers without requiring KYC. In fact, many gambling sites, including regulated ones, typically do not demand KYC upfront. They usually request it once a gambler starts winning a substantial amount or when the account becomes older. Therefore, it's crucial to have numerous options available. After all, our primary goal is to ensure our gambling activities remain uninterrupted.

[beerlover]

This doesn't seem to be true. Some of the oldest and reputable crypto casinos don't do KYC. All fiats do KYC and many fiats are crooked. Even if you give your KYC to a crypto casino they may ask for a video selfie later.

That's because the old and reputable crypto casinos already make a lot money, so if there's a gambler is winning and withdraw his profit, it's just a peanut for the casino and they will not ask KYC since it just a wasting time for them.

Yeah KYC isn't only submitting personal ID, bill etc, but including self introduction video, live video, or other ridiculous thing that could satisfy them and you don't have any option to reject it.

I am not sure if there are many places that asks video and all that. I have done KYC in many places, and the only ones I did was text ones that asks for your information so you write them, an image of my ID, back and forth, and an image of me holding a piece of paper with my face and my id on the same image. That's it, it's a typical KYC situation and they basically ask three images that's it, rest is done by them.

I have never been asked about my image any other way, or any videos neither. That seems like something that I wouldn't really know about and I think it is going to be a big of a deal when you think about live video as well, video is understandable but live video means a bit bigger, like actually be on call with them? Hell no.

[Westinhome]

I am not sure if there are many places that asks video and all that. I have done KYC in many places, and the only ones I did was text ones that asks for your information so you write them, an image of my ID, back and forth, and an image of me holding a piece of paper with my face and my id on the same image. That's it, it's a typical KYC situation and they basically ask three images that's it, rest is done by them.

I have never been asked about my image any other way, or any videos neither. That seems like something that I wouldn't really know about and I think it is going to be a big of a deal when you think about live video as well, video is understandable but live video means a bit bigger, like actually be on call with them? Hell no.

Only some of the gambling sites will ask you for the kyc.If you are satisfy with the rules of that website,you can do kyc to that website.Some websites only ask you details of the KYC,other will ask your entire kyc with Vedio recordings.The KYC with video recording was mostly the trusted website,So you can use such websites if you are getting enough bonus from that gambling sites.The bonus is also important one to create one new account to the additional Gambling site.Only the website which had video recording kyc as compulsory will not reject kyc which was submitted.

[goinmerry]

Only some of the gambling sites will ask you for the kyc.If you are satisfy with the rules of that website,you can do kyc to that website.Some websites only ask you details of the KYC,other will ask your entire kyc with Vedio recordings.The KYC with video recording was mostly the trusted website,So you can use such websites if you are getting enough bonus from that gambling sites.The bonus is also important one to create one new account to the additional Gambling site.Only the website which had video recording kyc as compulsory will not reject kyc which was submitted.

I have never saw a gambling site having video verification as part of KYC. It's just common on crypto-exchanges but not on gambling sites. Even online fiat casinos, which are known to have a mandatory KYC, don't have a verification needed but only the usual like valid ID's and any others. Video verification, if it's really asked by gambling sites, is not appropriate for me.

But I agree that if we trust the site and the said site is already reputable, I don't find it risky to provide our documents if we plan to play there for long.

These days, some people are still afraid of identity theft but use real name and posting personal stuffs on the social media lol.

[dewez]

No KYC at L0tt0

[Lanatsa]

Only some of the gambling sites will ask you for the kyc.If you are satisfy with the rules of that website,you can do kyc to that website.Some websites only ask you details of the KYC,other will ask your entire kyc with Vedio recordings.The KYC with video recording was mostly the trusted website,So you can use such websites if you are getting enough bonus from that gambling sites.The bonus is also important one to create one new account to the additional Gambling site.Only the website which had video recording kyc as compulsory will not reject kyc which was submitted.

I have never saw a gambling site having video verification as part of KYC. It's just common on crypto-exchanges but not on gambling sites. Even online fiat casinos, which are known to have a mandatory KYC, don't have a verification needed but only the usual like valid ID's and any others. Video verification, if it's really asked by gambling sites, is not appropriate for me.

But I agree that if we trust the site and the said site is already reputable, I don't find it risky to provide our documents if we plan to play there for long.

These days, some people are still afraid of identity theft but use real name and posting personal stuffs on the social media lol.

Video verification for KYC is too much, i would accept for some documents or simple fill up of information but on the sense that you are already that doing some video verification then it would be an another story.
Its true that in todays standard on which these businesses or platforms are really that needing to abide government laws and conditions on which means that they dont have no choice but to comply or else
they do know on whats next. Crypto gambling had become that popular because we do know that we arent really that needing to submit kyc or simply playing on anonymous matter on which it would really be
just that so normal.So its a matter of choice whether you would be dealing up with this or not.

If you are really that not really liking on KYC even on dealing with those known or reputable sites then it would really be just that you own choice or simply dont play at all.
Majority of sites now are really that requiring or would possibly be able to ask out some KYC if they had noticed something odd in regarding into your activity on which this is something
that could possibly happen most likely. There are really just that people who could be able to bare up those things without any issues.

Actually i dont really see any problems with this as long you arent that doing something illegal. Some are really just that mindful about their information to get leaked out on the internet
and this is why they would really be always that skeptical when it comes to this manner.

[Assface16678]

This doesn't seem to be true. Some of the oldest and reputable crypto casinos don't do KYC. All fiats do KYC and many fiats are crooked. Even if you give your KYC to a crypto casino they may ask for a video selfie later.

That's because the old and reputable crypto casinos already make a lot money, so if there's a gambler is winning and withdraw his profit, it's just a peanut for the casino and they will not ask KYC since it just a wasting time for them.

Yeah KYC isn't only submitting personal ID, bill etc, but including self introduction video, live video, or other ridiculous thing that could satisfy them and you don't have any option to reject it.

I think KYC is normal these days. It's part of the security policy of the casino; they do KYC for them to know who the player is and where they will send the withdrawal. And because a crypto casino or online casino is subject to money laundering, what I mean is that if the player is anonymous, he could waste money that could be from illegal activities. That's what the online casino is avoiding, and there are also laws that require KYC for online casinos to verify the players for their safety. I understand that you are concerned about your personal information. If you think you can't trust the online casino, then find another that is more trustworthy. But asking for video recording—I think that is sckechy; if they ask for that, I suggest they don't sign up for that casino. KYC only requires informal ID and a picture. But it depends on the casino; it's your call whether to trust it or not.

[Westinhome]

I think KYC is normal these days. It's part of the security policy of the casino; they do KYC for them to know who the player is and where they will send the withdrawal. And because a crypto casino or online casino is subject to money laundering, what I mean is that if the player is anonymous, he could waste money that could be from illegal activities. That's what the online casino is avoiding, and there are also laws that require KYC for online casinos to verify the players for their safety. I understand that you are concerned about your personal information. If you think you can't trust the online casino, then find another that is more trustworthy. But asking for video recording—I think that is sckechy; if they ask for that, I suggest they don't sign up for that casino. KYC only requires informal ID and a picture. But it depends on the casino; it's your call whether to trust it or not.

The gambling was the essential one with the kyc,because the many money laundering was happening in the gambling site.So to control the money laundering activities,the gambling site was monitor by the government.So the gambling sites was forced by the government to mandatory of the KYC to their site to use of their site.The gambling sites which ask the kyc will probably the good one,So the gambler can check the background and use such gambling sites.The gambling sites which doesn’t have the Kyc will allow the gamblers to keep their anonymity to the other gambler.To ensure this the gambling site will hid our photo in the gambling site.

[0t3p0t]

Data breach and selling of our personal identities were I think the most common thing that might happen when it comes to risks in doing KYC. Legit casinos I think requires KYC in accordance with the regulation imposed by the governments around the world. Though scam casinos do this as well that is why the risk of being compromised is quiet high even with those high reputation casinos.

[uneng]

The gambling was the essential one with the kyc,because the many money laundering was happening in the gambling site.So to control the money laundering activities,the gambling site was monitor by the government.So the gambling sites was forced by the government to mandatory of the KYC to their site to use of their site.The gambling sites which ask the kyc will probably the good one,So the gambler can check the background and use such gambling sites.The gambling sites which doesn’t have the Kyc will allow the gamblers to keep their anonymity to the other gambler.To ensure this the gambling site will hid our photo in the gambling site.

Casinos don't like KYC policy as well, and if it weren't enforced, most (if not all) of them wouldn't apply this to their platforms. What happens is that they have to in order to operate legally towards the authorities and regulators of different countries around the globe. There is no other way for a casino to operate these days, if they don't want to be labelled as illegal, what would put them in an unfavourable position when compared to their competitors who operate inside the rules. Money laundering, however, can still happen even with KYC policy implemented, as a money launder can use multiple accounts attached to multiples stolen IDs or IDs from straw-men connected to him, so he dilutes total sum of money laundered in smaller portions, staying under the radar of the law forces.

[shogun47]

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.

I know several well-known online casinos that operate with crypto and do not ask for KYC for as long as someone isn't crossing certain thresholds I guess. I believe if the amount of money someone is wagering or depositing crosses certain boundaries, it is probably in the best interest of the casino itself to have certain checks in place. But for the average gambler, which I think I am, there are still casinos allowing people to gamble from time to time and also withdraw without any issues. I'd say that anonymity is still a thing in terms of casinos if someone really wants it. But of course the risk that KYC is requested is always there if someone was relying on never getting asked for it. Better be ready to provide it if you want to get the money out in any case.

[ethereumhunter]

Data breach and selling of our personal identities were I think the most common thing that might happen when it comes to risks in doing KYC. Legit casinos I think requires KYC in accordance with the regulation imposed by the governments around the world. Though scam casinos do this as well that is why the risk of being compromised is quiet high even with those high reputation casinos.

That is why we have to be careful in choosing the casino we want to use as a place to gamble. Not all casinos that we know of can be the best place to gamble, so we have to be able to ensure that the casino is the best casino for us. That is why the choice of gambling for each person will definitely be different because we have to find the right casino for us. Even though in the end the casino asks us to do KYC, we do it in the right place for us because the casino will definitely protect its customer data and ensure that the data will be safe. But if you use a scamming casino, you may experience scamming from the casino and there is a possibility that the data you send to the casino will also be used for the benefit of the casino.

[passwordnow]

Data breach and selling of our personal identities were I think the most common thing that might happen when it comes to risks in doing KYC. Legit casinos I think requires KYC in accordance with the regulation imposed by the governments around the world.

Yeah, usually the legit casinos don't really want to implement KYC to all of their customers. But as they grow bigger and being recognized from where they are doing their operations, they have no choice but to comply also with the regulation of the country where they're found.
While we all agree that anonymity is being cleared in all forms because of the implementation of kyc, there is no way to stop that even if you're a high roller on them.

Though scam casinos do this as well that is why the risk of being compromised is quiet high even with those high reputation casinos.

It is for rare cases but it's true that there are scam casinos that could also do that. We've seen some exit just happened this year for a one casino that we all thought legit and had been operating for so long. But, they came out and usually have stopped their operation and the truth is they just did an exit scam.