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

[Onyeeze]

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.

Artificial intelligent post is not hard to identify and whenever you see it you can identify it properly, but sometimes when you, but I want you to take note of responding to someone who reacted to your post because I know that you have not observed were you can respond to someone post directly so that the person will know that they are referring to you, what I wanted you to do is to make sure you click on the quote button of anyone you want to respond to, because if you make your post like this nobody the particular person you are quoting, so you need to be specific.

[BIT-BENDER]

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.

It's not possible to get a clear statistics on if people actually prefer KYC required casino over no KYC required casino, personally I have no problem with kyc required casino platform or no KYC. But there are factors that should be considered before choosing.

Anonymity: many Crypto-currency enthusiast are strong on having their identity secured and protected so they would tilt towards the no KYC required exchange but if the security of their identity can be assured then I see no problem with undergoing KYC requirements.

The individuals: some individuals can have criminal history and would definitely not go for KYC required process.

[SamReomo]

~Snip~

Anonymity: many Crypto-currency enthusiast are strong on having their identity secured and protected so they would tilt towards the no KYC required exchange but if the security of their identity can be assured then I see no problem with undergoing KYC requirements.

The individuals: some individuals can have criminal history and would definitely not go for KYC required process.

Well, that's the most important thing that you mentioned. The majority of crypto-currency enthusiasts or you can say gamblers don't really want to reveal their true identity in public due to privacy concerns and they love to remain anonymous. Those users will always prefer to go with the casinos that don't require KYC and they will try their best to avoid all those casinos that require KYC verification. Sometimes the gamblers who are in having good position in government also try to avoid KYC thing because it would be a difficult thing for a police officer to share his details on a casino site where he enjoys spending time. Such people just love to spend time on those casinos where information about KYC isn't needed, and sometimes those people who have done any criminal activity will also avoid the KYC thing. But, the criminals are so dam good at doing crimes that they can easily manipulate someone else and use his/her documents to complete KYC requirements.

[goldkingcoiner]

I would like to add that if someone does decide to go for a KYC enabled casino, it would be a better thing to do the KYC before depositing any funds. Because either way, the casino will, at some point, demand KYC. And when this happens, they might take much longer to verify your KYC documents because they do not have any time limits on how long they are allowed to legally freeze your account (as far as I know) until the KYC procedure is done. This might leave you waiting to withdraw your money. Depending on your situation, this can become a big problem. Especially if you have to wait months.

[Onyeeze]

I would like to add that if someone does decide to go for a KYC enabled casino, it would be a better thing to do the KYC before depositing any funds. Because either way, the casino will, at some point, demand KYC. And when this happens, they might take much longer to verify your KYC documents because they do not have any time limits on how long they are allowed to legally freeze your account (as far as I know) until the KYC procedure is done. This might leave you waiting to withdraw your money. Depending on your situation, this can become a big problem. Especially if you have to wait months.

That is what some people doesn't know and after making a mistake they will start complaining of money they lose in a gambling platform which is improper, kyc verification is necessary for some who have passed through a gambling platform before, because when you have not done your gambling verification in platform you are totally at risk because I know very well doing that will safe you a stress of been complained in a particular platform, so I know that gambling platform have to do with instructions and some people don't like following instructions

[abel1337]

I would like to add that if someone does decide to go for a KYC enabled casino, it would be a better thing to do the KYC before depositing any funds. Because either way, the casino will, at some point, demand KYC. And when this happens, they might take much longer to verify your KYC documents because they do not have any time limits on how long they are allowed to legally freeze your account (as far as I know) until the KYC procedure is done. This might leave you waiting to withdraw your money. Depending on your situation, this can become a big problem. Especially if you have to wait months.

That make sense since if you submit your KYC, it eliminates the problem that revolves around KYC and you will have the confidence to think that you will get your withdrawal. I think this is good for people who would want to stay long in the casino and has plan to gamble more.

Though there are people like me who gamble on KYC enabled casinos but only do KYC when asked, my reason is I don't gamble that much and have no experience of getting my account frozen because of not submitting KYC.

Importantly, just play on a reputable KYC enabled casino if you can, the possibility of not getting a lot of headache from withdrawing into those are high.

[o48o]

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.

Ok, but if your post is almost indistinguishable from generic AI post, maybe you haven't made enough effort. No one can stop you using AI or definitely prove that you are using AI, but even if you used it, you need to make more effort. Writers often speak about finding their voice to express themselves. These days it's even more important to rise the bar and not settling from generic informative posts.

 Because why would anyone believe you if we get basically same text with one question for AI? Ot doesn't help if you answere with your own voice in replies, claiming that you have written it yourself, because anyone can do that.

If you really didn't use AI, you need to check how AI writes because you don't want to sound like a generic answer of it.

[Salahmu]

Kyc verification is very important on most casinos but I don't no why most people object to casinos that offers kyc perhaps they lack the necessary requirements that's why but although most casinos can still allowed withdrawals without kyc but with a limited amount so is very important to under go the kyc verification were as you will be allowed to withdraw as many as you want but perhaps if you decided not to verified yourself there may come a time whe the need to withdraw a huge amount will arise and by then to verify yourself could take a lot of time because the platform will notice that is because of the amount you want to withdraw that's why you're doing the kyc, but actually one of things I like about casinos that require kyc is that they have high security measures such as using 2FA to enhance the security of your account, so I always like casinos that needs kyc verification because it gives me an edge that there security is intact.

[CryptSafe]

KYC or no KYC casinos are making their money from gamblers. Security on casino is not guaranteed or you want to send your assets to a casino to keep it there? I know you would object to it because you know it is not safe so why KYC in the first place. If a casino could be hacked and all funds gone and in some cases some casinos do away with their clients assets and are no where to be found and these are people that demands for clients to do a KYC before they could use their platform so who is supposed to do the KYC for who to know who is n the first place. I think it is time we start demanding for casinos to do KYC here before coming for members here because too the scam these days from casinos is getting out of hand.

I just believe most casinos are just playing to the government of their jurisdiction by conducting KYC for just formality and to fulfill all forms of righteousness so as not to fall victim of any government sanctions within their areas of operations.

I see KYC as a scam itself because our details are not protected after keeping them in the custody of third party exchanges and casinos.

[goaldigger]

I would like to add that if someone does decide to go for a KYC enabled casino, it would be a better thing to do the KYC before depositing any funds. Because either way, the casino will, at some point, demand KYC. And when this happens, they might take much longer to verify your KYC documents because they do not have any time limits on how long they are allowed to legally freeze your account (as far as I know) until the KYC procedure is done. This might leave you waiting to withdraw your money. Depending on your situation, this can become a big problem. Especially if you have to wait months.

That’s correct if you don’t want to experience any delays on your gambling experience, then better to comply first before making any deposit by doing this you are saving yourself from any trouble in the future. Many prefer a KYC enable site already as this is more secured and protected, while some still looking for a site that is completely KYC free and I think the number of those sites are already decreasing sine many sites now are being forced to implement the KYC as mandatory.

[khaled0111]

OP, not sure if you have used an ai to help you make this post or no but it's clear you have compiled some sentences from different sources and made of it an interesting subject.
So, are we supposed to argue whether no kyc casinos are better than kyc casinos or what! Any crypto user Wil tel you that no-kyc casinos are the best. However, no-kyc casinos can't survive. They may run for one or two years then they will vanish.
Let's stop this comparison, because right now there is nothing like no kyc casinos - not on the clear net.

[serjent05]

~Snip~

Anonymity: many Crypto-currency enthusiast are strong on having their identity secured and protected so they would tilt towards the no KYC required exchange but if the security of their identity can be assured then I see no problem with undergoing KYC requirements.

The individuals: some individuals can have criminal history and would definitely not go for KYC required process.

Well, that's the most important thing that you mentioned. The majority of crypto-currency enthusiasts or you can say gamblers don't really want to reveal their true identity in public due to privacy concerns and they love to remain anonymous. Those users will always prefer to go with the casinos that don't require KYC and they will try their best to avoid all those casinos that require KYC verification. Sometimes the gamblers who are in having good position in government also try to avoid KYC thing because it would be a difficult thing for a police officer to share his details on a casino site where he enjoys spending time. Such people just love to spend time on those casinos where information about KYC isn't needed, and sometimes those people who have done any criminal activity will also avoid the KYC thing. But, the criminals are so dam good at doing crimes that they can easily manipulate someone else and use his/her documents to complete KYC requirements.

Undergoing KYC does not mean that our identity will be publicly broadcasted, that is the common misconception of those paranoid with their privacy.  Remember once the casino is licensed and regulated, whatever data they collect are bound by data privacy law and no one can easily get this data from them unless it is ordered by the court.

The government officials if I am not mistaken are not allowed to gamble even enter and stay on the gambling premises, at least in my country.

All government officials and employees shall strictly observe and comply with all pertinent laws, issuances and policies prohibiting government personnel to enter, stay, or play in gambling casinos.

[khaled0111]

Undergoing KYC does not mean that our identity will be publicly broadcasted, that is the common misconception of those paranoid with their privacy.  Remember once the casino is licensed and regulated, whatever data they collect are bound by data privacy law and no one can easily get this data from them unless it is ordered by the court.

The moment you submit your documents to an online service then it's not yours anymore and your privacy is no longer under your control. Regulators can have access to these information if they want to and at any moment they want. Hackers, if they gain access to the casini/service's databases, then they will have access to your documents. The casini/service owner can sell your documents to any entity (usually on the dark web) he wants and there is nothing you can do about it.

[harizen]

Don't take our gambling experience too much complicated.

Referring to KYC specifically, if you find that requirement uncomfortable then stay away from it. Read the site terms if KYC is mandatory or will be subject as a requirement in the future, in special cases not mentioned in the Terms and Service.

For me, regardless if online fiat casino or crypto, I already accepted that KYC is already part of my gambling experience.

I don't have a problem complying to it "only" if necessary to do so.

[kingvirtus09]

Undergoing KYC does not mean that our identity will be publicly broadcasted, that is the common misconception of those paranoid with their privacy.  Remember once the casino is licensed and regulated, whatever data they collect are bound by data privacy law and no one can easily get this data from them unless it is ordered by the court.

The moment you submit your documents to an online service then it's not yours anymore and your privacy is no longer under your control. Regulators can have access to these information if they want to and at any moment they want. Hackers, if they gain access to the casini/service's databases, then they will have access to your documents. The casini/service owner can sell your documents to any entity (usually on the dark web) he wants and there is nothing you can do about it.

Yes, but if we don't trust a casino, why would we give it our personal documents? The bank operates similarly, right? Or any business sector to which we supply personal ID documents, they are able to carry out your suggestion, right?

Thus, it depends on our level of trust in a casino. Do you believe that once you trust a casino and provide your ID documents for KYC, they can no longer be used for nefarious purposes or sold? Naturally not, as you have faith in the casino.

[slapper]

Don't take our gambling experience too much complicated.

Referring to KYC specifically, if you find that requirement uncomfortable then stay away from it. Read the site terms if KYC is mandatory or will be subject as a requirement in the future, in special cases not mentioned in the Terms and Service.

For me, regardless if online fiat casino or crypto, I already accepted that KYC is already part of my gambling experience.

I don't have a problem complying to it "only" if necessary to do so.

Especially now that strict rules are in place, the gambling industry is not for the faint of heart. KYC processes are becoming more and more common, not just in casinos but in the financial world as a whole. It's an attempt to stop money laundering and make sure everything is clear. If you like to gamble, it's very important that you know these rules

However, I also agree with you that you should avoid a platform if its KYC procedures make you uncomfortable. Before committing to a casino, make sure you know as much as you can about it and how it works. It's admirable that you take a practical approach to KYC in both fiat and cryptocurrency casinos. Such a stance ensures compliance and reduces future issues. Congratulations on your gambling knowledge and skill

[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.

It's not possible to get a clear statistics on if people actually prefer KYC required casino over no KYC required casino, personally I have no problem with kyc required casino platform or no KYC. But there are factors that should be considered before choosing.

Anonymity: many Crypto-currency enthusiast are strong on having their identity secured and protected so they would tilt towards the no KYC required exchange but if the security of their identity can be assured then I see no problem with undergoing KYC requirements.

I think it's the responsibility of a casino to comply with secrecy laws, much like banks have their 'bank secrecy laws' that penalize them if they leak their clients' personal records. Sensitive information should only be transferred between government agencies, and all of them are governed by such laws as well.

The individuals: some individuals can have criminal history and would definitely not go for KYC required process.

Obviously, they would stay away from casinos that require KYC verification, as that would put them at risk of getting easily caught.

[Salahmu]

One of the factors that most be considered before enabling kyc verification process is the security so the question is how secure is the casino that all the users information will be kept on a secure database because one of the things I realize is that most people are not against casino that enable kyc verification but what they're actually afraid is there data security to avoid unauthorized access to there information and using there data for criminal activity, I like casinos that enables kyc but most times I use to be scared uploading my data for kyc but I make sure is a reputable casino before I can feel free uploading my data.

But with the use of kyc verification in casino it enables them to scare away people with bad intentions to the casino were as they cannot upload any of there data and as such there activities on that casino will be limited if not completely eradicated.

[Webetcoins]

Don't take our gambling experience too much complicated.

Referring to KYC specifically, if you find that requirement uncomfortable then stay away from it. Read the site terms if KYC is mandatory or will be subject as a requirement in the future, in special cases not mentioned in the Terms and Service.

For me, regardless if online fiat casino or crypto, I already accepted that KYC is already part of my gambling experience.

I don't have a problem complying to it "only" if necessary to do so.

There will soon be a time when these people who are hesitant to comply with the KYC and AML rules will have no choice because there won't be any casino platforms that will allow players to gamble without completing their KYC verification and these people will have nowhere to go but will be compelled to complete their KYC verification at the platforms that they use without saying a word or talking about privacy or anonymity or blaming casinos for asking for KYC.

I always tell people to find a casino platform that they trust and do their KYC verification now so that they can gamble without any problems and will also not face any problems in the future when there will be no KYC-less platforms in the industry and they will have no other choice but to comply with it.

[Z390]

Really? I've never seen a online casino with very stressful registration, they are all easy to go through until you have to pass KYC verification, which I don't think it's hard either, unless you provide bad or blurry pictures of your credentials.

The bad side of online casinos that allow people to gamble with no verification is lawmen going after their asses and getting their business fined, they will later have to ask you for KYC, I am not going to bet that point, No KYC casinos don't last long, and most of them are not even registered and regulated.

If you pass KYC it doesn't mean they will leak your identity to the world, do not be scared of passing KYC verification, they use this information to fight corruptions like money embezzlement and laundering, even illegal fundings can happen on a casino.