No KYC vs KYC enabled casinos (Facts you need to know)

[DubemIfedigbo001]

The benefits of using no-KYC (Know Your Customer) casinos include:

Privacy: Players can remain anonymous since they are not required to produce any sensitive information regarding their Identity.

Easier Registration Process: Registration is usually quicker, less time consuming and less stressful as there's no need for identity verification documents.

Improved Access for Restricted Regions: Players from regions like Quatar, Brunei, Iran, Pakistan and others with strict gambling regulations and limited access to Casinos can Indulge in it without trace and will find no-KYC options more accessible and comforting.

Reduced risks of data breach: Since you're not sharing sensitive personal information, the risk of personal information shared with the casino operator being mishandled or having a data breach involving your sensitive data is given no chance.

However, it's important to note that no-KYC casinos may also have some drawbacks, such as limited regulatory involvements to excesses and
very less customer support. Additionally, they may not be as reputable and reliable as licensed and regulated casinos, you stand a chance of incurring great loss of your funds and assets, so it's crucial to exercise caution and do thorough research before patronizing them. Never forget to Always gamble responsibly.


The benefits of using KYC (Know Your Customer) casinos include:

Improved Security: KYC procedures helps to screen the players and correctly verify their Identity, making it more difficult for fraudsters to use the platform cos they cannot provide verifiable documents easily.

Regulatory Compliance: KYC compels casinos towards adhering to legal and regulatory requirements, reducing considerably the risk of legal issues and concerns.

Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.

Limiting fraudulent activities: It aids in the prevention of money laundering and other numerous cyber and financial crimes by verifying the source of funds of the players Involved.

Accounts Recovery: In case of losing account information, KYC can assist in account recovery, ensuring players do not loose their hard-earned funds.

I believe it is also very imperative that we know about the drawbacks of KYC Casinos like lack of privacy, documentation stress, accessibility too because if you don't have access to proper documents, you cannot partake in it, trust concerns as it is difficult to verify the extent your provided data will be utilized. it is also very much time consuming to go through these processes.

finally, having known all these pros and cons, you can make your decisions on the casinos you want to get involved with as both types of casinos have their own good sides as well as limitations.


https://guardian.ng/news/no-kyc-casinos-no-verification-crypto-casinos/

https://newsfromwales.co.uk/reasons-for-kyc-procedure-in-gambling/?amp=1

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[Hatchy]

Op, if I'm guessing correctly, you used Ai to generate your post. I couldn't get the exact write up, because the ai was design to generate different response to different users but I found something similar

[DubemIfedigbo001]

I don't do such man, I carefully research, understand and organize my posts myself. No need for AI generated posts. You can check from my profile. I'll  appreciate you contribute to the topic instead. I'm interested in learning more about this and that's why I raised the topic.

[Mate2237]

~

The Op paragraph the AI post and make it as his own.  Op you and me know that knowledge does not come from heaven, therefore what you wrote can not be manufactured by you from your brain and you must have consulted some materials online plus the latest fastest answer generating machine AI and since you didn't produce the knowledge by yourself, you would have produce the link where you got the information. And from what @Hatchy shows that you copy the material article from the another source (online) and yet you didn't acknowledge and reference the author and make it as your own. Now that you have been caught, what do you think you have to say? And if you didn't use AI then drop the link of the information source.

And for the two options you have provided , I will choose the of that does not need KYC because the problem in KYC is too much so if any casino provide no KYC then I will choose that one over the one with KYC.

[DubemIfedigbo001]

I've provided links to two of the sites I visited while gathering Knowledge.

[Ever-young]

Improved Security: KYC procedures helps to screen the players and correctly verify their Identity, making it more difficult for fraudsters to use the platform cos they cannot provide verifiable documents easily.

I disagree; AI or not AI generated test, who ever the original author is is wrong on this one, when you talk about KYC, they only reduce the rate which customers are to manipulate the system but they can’t completely prevent intruders or who ever want to use the system for what ever purpose they want to from doing that

Remember that their is no one on one kind of verification process going on their, rather their is just a document required to be submitted and mosh times then age to either be verified by bot, with the help of few human support, this requires documents can be manipulated to doubt, real users data both ID, licensed plate number, house address and bank information can now be gotten online for just few bulks, so what then will prevent scammers from using their fake identification to verify a casino and make use of it in which ever way that they want.

in conclusion what I’m saying is that KYC can’t stop criminals or any form of illegal activities within the gambling section.

[Yogee]

I think people should stop believing these "No KYC" casinos. Most of them have no upfront KYC but that doesn't mean they are not going to ask in certain cases since it's part of their terms that they can enforce it when necessary. It's only a matter of time before crypto casinos would get licensed so just accept the fact that you'll have to submit documents at some point when you register.

Improved Access for Restricted Regions: Players from regions like Quatar, Brunei, Iran, Pakistan and others with strict gambling regulations and limited access to Casinos can Indulge in it without trace and will find no-KYC options more accessible and comforting.

They will have to use VPN since many casinos block users from banned countries based on IP address.

Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.

I don't see why this isn't possible for non-KYC casinos. I mean they can monitor a player's activity based on their username alone and not necessarily their full name.

[Don Pedro Dinero]

I think people should stop believing these "No KYC" casinos. Most of them have no upfront KYC but that doesn't mean they are not going to ask in certain cases since it's part of their terms that they can enforce it when necessary. It's only a matter of time before crypto casinos would get licensed so just accept the fact that you'll have to submit documents at some point when you register.

You don't seem to be aware that some do not have KYC requirements in their ToS, this one for example:

https://anonibet.com/terms-and-conditions

There are still casinos, a few of them, that do not ask for KYC.

Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.

I don't see why this isn't possible for non-KYC casinos. I mean they can monitor a player's activity based on their username alone and not necessarily their full name.

Some allow you to play anonymously. Or you can create a new account by changing the IP each time, and if necessary a throwaway email, so they won't be able to implement responsible gambling practices, just as they won't be able to detect if the gambler is a minor.

[Japinat]

The people have already made their choice, and it's clear they prefer a KYC casino over a non-KYC casino. I believe it's more appropriate to refer to it as 'decentralized gambling' because some casinos claim to be non-KYC but are still regulated. It's important to question the longevity of such claims. When a casino is regulated, it's obligated to adhere to the implementing rules set by regulators, including KYC compliance. So, it's wise not to trust those that claim to be non-KYC casinos.

[stadus]

The people have already made their choice, and it's clear they prefer a KYC casino over a non-KYC casino. I believe it's more appropriate to refer to it as 'decentralized gambling' because some casinos claim to be non-KYC but are still regulated. It's important to question the longevity of such claims. When a casino is regulated, it's obligated to adhere to the implementing rules set by regulators, including KYC compliance. So, it's wise not to trust those that claim to be non-KYC casinos.

Clearly, there's no guarantee that a casino will continue operating as a non-KYC platform, as government policies can change over time. Perhaps there's a specific threshold of funds that would trigger KYC requirements, and yet casinos may not make this information readily available to potential gamblers to avoid discouraging them. Instead, this requirement is often buried in the Terms of Service (TOS), and many gamblers simply click the 'Sign Up' button without reading the full TOS, remaining unaware of the KYC conditions.

[noormcs5]

The people have already made their choice, and it's clear they prefer a KYC casino over a non-KYC casino. I believe it's more appropriate to refer to it as 'decentralized gambling' because some casinos claim to be non-KYC but are still regulated. It's important to question the longevity of such claims. When a casino is regulated, it's obligated to adhere to the implementing rules set by regulators, including KYC compliance. So, it's wise not to trust those that claim to be non-KYC casinos.

Clearly, there's no guarantee that a casino will continue operating as a non-KYC platform, as government policies can change over time. Perhaps there's a specific threshold of funds that would trigger KYC requirements, and yet casinos may not make this information readily available to potential gamblers to avoid discouraging them. Instead, this requirement is often buried in the Terms of Service (TOS), and many gamblers simply click the 'Sign Up' button without reading the full TOS, remaining unaware of the KYC conditions.

Although everyone want to play at the non KYC casino but the risk playing their and getting our money stuck is more as compare to the kyc casinos.

Sometimes the non-KYC casino may not ask for KYC until you won some big amounts. Or they can even ask for the KYC if you deposit any big amount in the casino. For this reason, i will usually deposit less in a Non-KYC casino so in case they ask for KYC or do not accept my KYC, in both cases my risk of losing money will be minimized.

[davis196]

Improved Security: KYC procedures helps to screen the players and correctly verify their Identity, making it more difficult for fraudsters to use the platform cos they cannot provide verifiable documents easily.

Regulatory Compliance: KYC compels casinos towards adhering to legal and regulatory requirements, reducing considerably the risk of legal issues and concerns.

Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.

Limiting fraudulent activities: It aids in the prevention of money laundering and other numerous cyber and financial crimes by verifying the source of funds of the players Involved.

Accounts Recovery: In case of losing account information, KYC can assist in account recovery, ensuring players do not loose their hard-earned funds.

KYC casinos have easier account recovery? Are you kidding me? I have heard hundreds horror stories of gamblers being blocked from KYC casinos and with funds in their accounts. There wasn't any account recovery afterwards.
I don't believe that KYC casinos are more secure than the non-KYC casinos. KYC gives a false sense of security, but the possibility of getting scammed by the casino remains. I agree that KYC reduces the amount of fraudsters and helps against money laundering, but the overall experience for all gamblers is worse. There can't be 100% safety, security and privacy in the online gambling industry.

[piebeyb]

I already suspected that this article had elements of AI but I didn't really think about it, let's discuss what's interesting in terms of KYC and non-KYC, in fact, as we can see today, non-KYC is not very popular with users, it's not even surprising if There are very few users compared to casinos that ask for KYC because non-KYC casinos are much more prone to cheating than casinos that ask for KYC.

Playing on sites that ask for KYC is sometimes not completely complicated and asks for KYC, as long as you don't cheat and act honestly, let alone try to launder money, maybe you will be asked to complete KYC, so far I have been gambling on sites that ask for KYC, they don't fully ask for it. my identity, because I play honestly and even though I'm only a small gambler, there are big casino sites that don't ask their users to complete KYC and can even withdraw hundreds or thousands of dollars. In today's internet world, if you want to gamble anonymously, you should not gamble online anymore. it's good to gamble in offline casinos. 

[Kelvinid]

KYC casinos have easier account recovery? Are you kidding me? I have heard hundreds horror stories of gamblers being blocked from KYC casinos and with funds in their accounts. There wasn't any account recovery afterwards.

KYC casinos are regulated, while the others are not. When it comes to the possibility of recovering your funds, KYC casinos offer a better chance because they operate under government regulations. If you encounter issues with a regulated site, you can file a case against them, and they will be obligated to pay you if you win. In contrast, non-KYC casinos typically have anonymous owners, making it difficult to pursue legal action if they mistreat you.

[Jawhead999]

However, it's important to note that no-KYC casinos may also have some drawbacks, such as limited regulatory involvements to excesses and
very less customer support. Additionally, they may not be as reputable and reliable as licensed and regulated casinos, you stand a chance of incurring great loss of your funds and assets, so it's crucial to exercise caution and do thorough research before patronizing them. Never forget to Always gamble responsibly.

There's no correlation between no KYC Casino and less customer support.

There's no great loss if you're playing in a reputable no KYC Casino that active in this forum, moreover if you only gamble small amount of money e.g. less than $1,000, you will not suffer great loss.

KYC procedures helps to screen the players and correctly verify their Identity, making it more difficult for fraudsters to use the platform cos they cannot provide verifiable documents easily.
KYC compels casinos towards adhering to legal and regulatory requirements, reducing considerably the risk of legal issues and concerns.
KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.
It aids in the prevention of money laundering and other numerous cyber and financial crimes by verifying the source of funds of the players Involved.
In case of losing account information, KYC can assist in account recovery, ensuring players do not loose their hard-earned funds.

1. Wrong, if someone already verify their account, it's mean the casino will not ask KYC again whenever he want to access his account.
2. What's the relation for a gambler? it just benefit for the country.
3. Wrong, the casino will not stop you to gamble because they're profit from it.
4. Same like number 2.
5. Wrong, they will give excuse if the KYC is different or blurred and they will keep demanding more KYC until you can't.

[Crypt0Gore]

@Jawhead999, $1000 or even $500 is a lot for many people, some can't afford this money, they don't have up to this amount in their bank accounts and when it comes to gambling, they will find $1000 to gamble, either through taking loan or other, only to end up losing everything.

It's not a responsible gambling if one isn't making enough money per month and using all they have to try out their luck on a casino, that's a very bad gambling strategy,  there are many things that comes first before gambling, like savings, emergency money, investment money, if all these are set then you have a responsible life going on, then you can start using some small part of money to gamble.

Losing $1000 to a casino is considered a great loss to someone like me, because I am not making up to $500 in a month, that's why I don't use more than $40 max for gambling and most times I even use less than $40.

[Broadanbig]

KYC or no KYC what casinos are after is their profit. Have you ever wondered why some casinos would start as a KYC free casino and after a while when members have deposited their funds and have started playing games and winning and when it is due withdrawal they tell them to do KYC and if the gambler refuses, they block or ban them permanently from accessing their account. In some cases if the KYC details are suspected to be from nations that have restrictions on gambling, they take advantage of it to penalise the gambler by suspending their account while in some cases they take the assets of the gambler.

One of the major challenges of KYC I think is the issue of privacy. When ones privacy is compromised, their is every possibility that their details would be used against or possibly do some shady that they have no knowledge about. It is a personal choice to go for a KYC or KYC free casino.

[gunhell16]

You know, for me, with or without KYC, it's fine, and there's no problem because it's not a big deal to me. For me, as long as I enjoy being entertained, that's a big thing. It seems that even if I win when I play gambling, it's like the casino rewards me because I was enjoyed or entertained.

So I hope for other gamblers that they don't make KYC an issue anymore. If you don't want KYC, don't play at a casino that requires KYC because no casino forces us to play on their gambling platform to gamble.

Also, I didn't see any problem at the casino even if I passed KYC because, until now, I still play from time to time.

[dezoel]

Well, I agree with most of the points mentioned, however, I don't really think that the registration process is troublesome in a KYC compliant casino platform because they barely ask you for KYC verification during the registration process but they do it later. Some won't even ask you to complete your KYC when you are making a deposit unless it is too large, but they might ask you for KYC verification during the withdrawal process if the amount isn't too small.

That being said, I wouldn't recommend anyone using non-KYC platforms if they are willing to gamble with large amounts because security is the most important thing when it comes to finances. If your funds are lost or the casino closes down its services all of a sudden, there is no way for the customers to get their money back.

[Accardo]

Trusting gambling platforms with your personal details is vague, it's risky as we can't explain how they store the data. The increase of leaked or sold documents of people, is a disadvatage of KYC. Many players do not give their real information, they buy it. I'll always prefer the non kyc casino due to its fast registration process. But, casinos accept KYC to provide atleast an information of a player, indulging in money laundering. If not, the Government can hold the casino responsible for supporting such action. Yet the disadvantages goes back to other innocent players, who submit their real documents. Security conscious players, who understand this, don't go for KYC casino. Any reputable no KYC casino, though rare, will experience rapid growth in players. Meddling with our documents online, just for gambling isn't encouraged. It's better to play in physical casino.

Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.

I don't think casinos care about, if a gambler is responsible or not. The best available care they show on vulnerable individuals is to write the "play responsibly" advise on their TOS. On the other hand, they also use KYC to keep track of underage players, but, its already late if the casino asks this during withdrawal. The underage person gambled already, before asking or investigating to know if they're qualified to gamble. Even, teenager have means of tricking the casino, with the details of adults. Casinos are concerned about traffic and profits, they invest little effort in eliminating irresponsible gambling. Another good actions casinos take against addicted gamblers, is by finding out if a player has been banned by another casino for being addicted, and then terminate their account or ban them too.