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

[darkangel11]

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

Are we talking about benefits for the player or for the government? This is clearly a benefit for the government, not the player.
Why should I care if a procedure that puts me at risk and is by far the most inconvenient of any procedures regarding online shopping or gaming, is beneficial to a third party (government)?
The name isn't even right for this, since are talking about crypto casinos, so it's not money laundering but crypto laundering. The process of money laundering takes place at exchanges. Depositing stolen cryptocurrency to a casino is more of a mixing process than laundering.

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[mirakal]

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.

Exactly. Those who claimed as non-KYC casinos are most of the time only here to deceive us with its name, but in reality they are still regulated and should follow the rules of those who regulate them. So if you want to play on casinos safely and securely, just chose those who are clearly regulated casinos. Even if KYC is compulsory, but it’s only for our own security and to avoid cases of fraudulence on part of the casinos.

[Mr. Magkaisa]

I agree with the Non-KYC because this is the experience of the crypto becoming anonymous and being transparent. You don't need to get worried about your data we know how does people use the data of other people even though they say that "we protect your data." There's no safe on the internet right now the cons only I've seen here is the recovery of the account the assurance of the player for their accounts are lessen if their devices get comprise by other people the casino does not have the capability if there's no KYC for verification the real owner.  Having a level 1 KYC is enough for me im not a large gambler large withdrawal is not too much issue.

        -   Because I rarely gamble every month—about two to three times, occasionally even twice—we are the same mate. That's exactly how I play; I make the most of my gambling since it's only for fun. Then I thought back to the BC games. I don't believe I can recall ever winning at slots for more than $40, but I had no trouble cashing out.

I was not prompted to provide any information by the bcgames, and the winnings I withdrew were transferred after 30 or so minutes. The casinos I played at did not want a KYC from me, which is fair to say is okay.

[Outhue]

The only fact that everyone needs to know about No KYC casinos is they are probably into illegal activities like frauds and money laundering.

Normal every good online casinos is to be registered, to avoid money laundering and crime activities through the platform, a new casino can start as a no kyc platform but they will eventually start asking for KYC, unless the team have some plans to stay out of the law radar but such online casinos are not good for customers.

You can become a victim of fraud easily to no kyc casinos because they mostly are not operating under the law, they are not regulated or pass any legal source to start running the business, the earlier you know the better.

If the no kyc casino is a good one, they will one day start to ask for KYC, that day will come as they will want to grow bigger in the future too, expand their business, and that's how they will have to go by the book and do the necessary things to stay in business.

[Ziskinberg]

The only fact that everyone needs to know about No KYC casinos is they are probably into illegal activities like frauds and money laundering.

You can't trust them, as no KYC casino can be easily presumed to be unregistered as well. So, whatever their dealings, it's already up to them, and once we gamble on their sites, there's no assurance that we will be safe all the time. They are like a non-regulated exchange that may exit scam once they have earned a lot of money, including deposits from their clients.

[aioc]

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.

The drawback as you mentioned here and I quoted makes it not worth playing in casinos with no KYC casino, this is the reason why no KYC is unpopular in the gambling community, they do not want to support a platform where there is a possibility of being used by money launderers.

When there is a platform that deals with money like online casinos money launderers and scammers will use this to launder their dirty money so it is better to pick a regulated platform for the protection of your funds and identification.

[Taskford]

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.

The drawback as you mentioned here and I quoted makes it not worth playing in casinos with no KYC casino, this is the reason why no KYC is unpopular in the gambling community, they do not want to support a platform where there is a possibility of being used by money launderers.

We are dealing with no KYC submissions before on popular casinos here, but everything change when regulation on certain jurisdiction happen that's the reason why those reputable casino required this to their gamblers.

Nowadays this requirements has been normalize that's why many got suspicious about claiming that they are non-KYC compliant platform since many know that in future this casino will ask this requirement since this is what other casino do and they cannot do anything with regulation since they became illegal if they will not follow what regulators ask them to do.

[Webetcoins]

If you are looking for a trustworthy and established casino/sportsbook that does not require KYC for players to register OR withdraw, then head to Moonbet.io

We launched in September 2021 and have great reviews on TrustPilot from players in the last two years. Yes, we operate a licensed casino but we use a web3 wallet connection via MetaMask or WalletConnect for a seamless player experience.

KYC is often a requirement from regulators to comply with anti-money laundering initiatives. We use a variety of other factors to combat AML, meaning that we can offer a web3 betting experience that is fair and trustworthy for players!

This is the first time I've heard about a licensed decentralized platform since most of the platforms that acquire a license are usually centralized because authorities would want you to comply with AML and KYC rules and for that, you need to collect KYC information from your players, but if you are not complying with that, the authorities will barely let you operate for very long, and I'm also confused about how the licensing firms can provide a license for a decentralized platform.

And talking about reviews, we don't really trust reviews given on TrustPilot since that is the most rigged review website there could be, anyone can create a bunch of accounts and either post positive or negative reviews about a website or service and that will eventually affect the overall trust rate of the site.

[coin-investor]

Those who claimed as non-KYC casinos are most of the time only here to deceive us with its name, but in reality they are still regulated and should follow the rules of those who regulate them. So if you want to play on casinos safely and securely, just chose those who are clearly regulated casinos. Even if KYC is compulsory, but it’s only for our own security and to avoid cases of fraudulence on part of the casinos.

They just want to get more players, because there are still a lot of players who are attracted to non-KYC, and they are not well informed about the many risks of non-KYC, but these non-KYC casinos will eventually change their terms because if they want to remain in this business they will have to become compliant and part of being compliant is asking KYC to all their players.

When it is a choice between a platform with KYC and without non-KYC we have to choose where we are the safest and that's a platform that is compliant.

[avp2306]

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.

The drawback as you mentioned here and I quoted makes it not worth playing in casinos with no KYC casino, this is the reason why no KYC is unpopular in the gambling community, they do not want to support a platform where there is a possibility of being used by money launderers.

We are dealing with no KYC submissions before on popular casinos here, but everything change when regulation on certain jurisdiction happen that's the reason why those reputable casino required this to their gamblers.

Nowadays this requirements has been normalize that's why many got suspicious about claiming that they are non-KYC compliant platform since many know that in future this casino will ask this requirement since this is what other casino do and they cannot do anything with regulation since they became illegal if they will not follow what regulators ask them to do.

The problem is some casino use the none KYC casino word that's why there are people think that they are safe here because this casino doesn't require them a lot of requirements.

They didn't realize that its just a click bait and this casinos want them to believe that they really are but end up fooling them when withdrawal request is happening since this is where the problem start and this casino know request a KYC to them. Common practice happening by many casino which we need to take seriously and we need to be more careful with them.

[3kpk3]

When it is a choice between a platform with KYC and without non-KYC we have to choose where we are the safest and that's a platform that is compliant.

A regulated casino is definitely more safer when compared to an unregulated casino, but this doesn't imply that they are 100% safe or anything. They could get hacked or could execute a rug pull(Eg: Betnomi).

This is why you shouldn't trust any casino with all of your funds and only keep what you are willing to lose.

[Agbe]

If you are looking for a trustworthy and established casino/sportsbook that does not require KYC for players to register OR withdraw, then head to Moonbet.io

We launched in September 2021 and have great reviews on TrustPilot from players in the last two years. Yes, we operate a licensed casino but we use a web3 wallet connection via MetaMask or WalletConnect for a seamless player experience.

KYC is often a requirement from regulators to comply with anti-money laundering initiatives. We use a variety of other factors to combat AML, meaning that we can offer a web3 betting experience that is fair and trustworthy for players!

The moonbet casino website is not opening in my end so I checked the rating in https://www.trustpilot.com/review/moonbet.io and I discovered that the reviews are good. At first I thought it sponsored reviews but almost all the comments there are positive and no negative feedback on the casino. I don't know if you have ANN thread and if you don't have I advise you to do that and also make the casino website light to navigate into, because the way I see the site it is too heavy with load so it is not easily opening. I really like to see the site.

[Saint-loup]

They just want to get more players, because there are still a lot of players who are attracted to non-KYC, and they are not well informed about the many risks of non-KYC, but these non-KYC casinos will eventually change their terms because if they want to remain in this business they will have to become compliant and part of being compliant is asking KYC to all their players.

When it is a choice between a platform with KYC and without non-KYC we have to choose where we are the safest and that's a platform that is compliant.

Changing their terms doesn't mean applying them. Binance for example had to change its official policies in order to avoid being banned and prosecuted in United States and in some other countries but leaks have shown they were mainly circumventing them in reality. So if casinos want to respect the privacy and the safety of their customers, they will never ask KYC to their customers even if their ToS are mentioning it. Moreover fulfilling an initial KYC doesn't protect customers, because casinos will always be able to ask additional documents and an higher KYC level if they are dishonest.  

[khaled0111]

The problem is some casino use the none KYC casino word that's why there are people think that they are safe here because this casino doesn't require them a lot of requirements.

Why would anyone think that a casino is safe and trusted just because they don't ask their customers to verify their identity? Sure, it's a plus especially for those who value their privacy but it has nothing to do with safety or trustworthiness.
Besides, personally I don't believe anyone who claims that his casino never ask for kyc be it licensed or not. I witnessed many of those claims and after a while some of their customers start complaining about being requested to verify their identities. Sure, some of them are more lenient than the others but not to the extent to say they will never do it.

[cryptolists]

Always be careful with no KYC casinos from Curacao. They are required to do KYC after a total of 2k deposit. So it might look good from the beginning with license and all.
For those anonymous casinos that doesn't require any KYC, it's important to check up the owners. Are they legitimate? What have they done before? There are only around 20 serious crypto casinos without any KYC requirement according to my research the last 12 months.

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.

[piebeyb]

When it is a choice between a platform with KYC and without non-KYC we have to choose where we are the safest and that's a platform that is compliant.

A regulated casino is definitely more safer when compared to an unregulated casino, but this doesn't imply that they are 100% safe or anything. They could get hacked or could execute a rug pull(Eg: Betnomi).

This is why you shouldn't trust any casino with all of your funds and only keep what you are willing to lose.

Yes you are right that both sites that have regulations or not all of them are the same, it will never be safe because the Betnomi case has taught us to remain vigilant so that there are no more cases of casinos being hacked or bankrupt and disappear like betnomy, because if the site disappears it is not only detrimental We are through lost funds but also our identity KYC that we have entrusted entirely to them and finally it can be used wrongly.

Luckily I was only a little gambler so I didn't think too much about the KYC problem, playing in a large and trusted casino in this forum I was still vigilant to give my complete KYC identity to the casino, but enough KYC level 1 I was able to withdraw withdrawals without having to complete the KYC Level 2 or 3, the point is that during being a small gambler and betting with small bets everything becomes safe. Even so do not save too much money in the casino because it is a very important lesson to avoid problems such as Betnomi cases.

[Jating]

The problem is some casino use the none KYC casino word that's why there are people think that they are safe here because this casino doesn't require them a lot of requirements.

Why would anyone think that a casino is safe and trusted just because they don't ask their customers to verify their identity? Sure, it's a plus especially for those who value their privacy but it has nothing to do with safety or trustworthiness.
Besides, personally I don't believe anyone who claims that his casino never ask for kyc be it licensed or not. I witnessed many of those claims and after a while some of their customers start complaining about being requested to verify their identities. Sure, some of them are more lenient than the others but not to the extent to say they will never do it.

Or maybe this kind of casinos are taking advantage of the gamblers, who thought that they are safe with no KYC and then continue to deposit and play. It's good for the casino if they continue to lose in the long run.

But once this gamblers won and won big, then it's that time when suddenly might suddenly ask for KYC because of their big win and so the gamblers are going to be frustrated by it because they thought its a no-KYC.

[3kpk3]

Luckily I was only a little gambler so I didn't think too much about the KYC problem, playing in a large and trusted casino in this forum I was still vigilant to give my complete KYC identity to the casino, but enough KYC level 1 I was able to withdraw withdrawals without having to complete the KYC Level 2 or 3, the point is that during being a small gambler and betting with small bets everything becomes safe. Even so do not save too much money in the casino because it is a very important lesson to avoid problems such as Betnomi cases.

Great thinking. I only submit KYC level-1 whenever I feel it's necessary too and never submit higher level KYC unless it's related to huge amounts or something. This is another useful tip if you ask me.

Gamblers should think carefully before submitting higher level KYC in any site(New or Reputed).

[Awaklara]

Luckily I was only a little gambler so I didn't think too much about the KYC problem, playing in a large and trusted casino in this forum I was still vigilant to give my complete KYC identity to the casino, but enough KYC level 1 I was able to withdraw withdrawals without having to complete the KYC Level 2 or 3, the point is that during being a small gambler and betting with small bets everything becomes safe. Even so do not save too much money in the casino because it is a very important lesson to avoid problems such as Betnomi cases.

Great thinking. I only submit KYC level-1 whenever I feel it's necessary too and never submit higher level KYC unless it's related to huge amounts or something. This is another useful tip if you ask me.

Gamblers should think carefully before submitting higher level KYC in any site(New or Reputed).

because if they feel that KYC level 1 or low is enough to make them comfortable playing, it won't be a problem. in a sense, it does not affect some features such as larger withdrawals or when the account has certain problems to be recovered and the casino does require asking for more complete KYC documents.
but as long as KYC level 1 is enough for us to access the game and make withdrawals, that's quite fun. we don't need to send more personal details to anyone.

[kingvirtus09]

I believe that playing at no-kyc casinos is still a solid option as long as it has a lengthy track record of success in the crypto industry. As far as I know, the same as BC Games, Live Casino, and others.

Furthermore, if there is a problem or issue, there are difficulties and issues with casinos that have KYC and casinos that do not have KYC, as I have seen and observed on this thread. accordance to the issue they are discussing. The only thing that matters is that you play gambling where you feel comfortable and confident.