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Author Topic: Casinos not asking for KYC to register and play, but do require it to withdraw  (Read 8791 times)
Westinhome
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January 26, 2024, 10:07:59 PM
 #841


That is true, and it's the risk of submitting a KYC documents to verify your account. However, it's not new as even banks and other financial institutions requires you to follow the KYC protocol. Hacking is possible, but it's less likely to happen if the site you are trusting has a strong security, so to ensure that they have, check  on their reputation and their popularity, if they have both what are you looking for, then trust them, but never think it's guaranteed that your account and documents are safe, or hack-free.

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.The gamblers mostly not like to share their kyc because of worry about the safety of their kyc.But the trusted gambling site never use to do that kyc for making money,only less bankroll gambling site will do the sale of the users kyc to the social network for making some dollars using the kyc data.
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January 26, 2024, 10:50:39 PM
 #842

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.The gamblers mostly not like to share their kyc because of worry about the safety of their kyc.But the trusted gambling site never use to do that kyc for making money,only less bankroll gambling site will do the sale of the users kyc to the social network for making some dollars using the kyc data.
Make sure every gambler has a popular and trusted casino site and never use a random casino without reviewing its reputation and reading feedback from other users, usually popular casinos do not automatically ask for KYC for users unless the account has been detected with suspicious activity but some popular casinos also ask for KYC from the start to complete the main files after account registration, but we don't need to worry about providing KYC to trusted casinos because KYC data is not used for illegal activities and data trading, but never provide KYC to new casinos because there is a very risk that KYC data will sold for their profit.

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Pandu Geddon
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January 27, 2024, 03:16:04 AM
 #843

There are ones who do really likes on playing into those sites which doesnt have licensed or doesnt really ask out for some KYC on which it do comes into a point that they wont really be making out some checks on the site that they are dealing with and would really be just that ending up on having those regrets on the time that they do step their foot into some problems on which it caused up for them to have those kind of problems on which this is where regrets would really be coming out that they shouldnt have done that earlier but rather be that mindful on reading up those terms and
conditions but just like on what been said that it would be always best that you should really be sticking into those platforms on which we do know that have that reputation rather
than on making yourself that trying out with those new ones.

I don't think we can use KYC or not as a reference for whether a casino is reputable or not. Even casino sites or online gambling sites that intend to scam also apply KYC to try to make their casinos follow the procedures set by the government.
There are many reputable ones on the forum, there's nothing wrong with a new casino. they offer attractive bonuses. some users are interested in this. just to try it. so keep using small money for new casinos. whether it's just to claim a bonus or want to experience a different sensation from the old casinos that we often play at.


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January 27, 2024, 03:57:39 AM
 #844

~snip~
The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.The gamblers mostly not like to share their kyc because of worry about the safety of their kyc.But the trusted gambling site never use to do that kyc for making money,only less bankroll gambling site will do the sale of the users kyc to the social network for making some dollars using the kyc data.
If it just small win or withdrawal then there no need to worry about KYC because we won't be asked for KYC as long as everything only involves small amounts of money, moreover the casino provides KYC requirements if it is only needed or needed.
But no one knows how many wins we can get and no one can predict how many wins we will have, if suddenly we get jackpot or a big win then we ourselves will be in trouble because in large withdrawals KYC will definitely be needed.
Indeed, it would be better to provide KYC from the start of registering, even if we only make small withdrawal, but if we unexpectedly get jackpot then we no longer need to think too much about the KYC requirements because they have been completed from the start.
Some gamblers are so afraid of KYC that they prioritize anonymity and the security of their personal data, but they forget that the casino has the authority to implement every provision it has.
As gamblers we must be able to maintain all stability and security in gambling, as much as possible we must avoid all problems that could occur at any time.

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January 27, 2024, 10:32:58 AM
 #845


That is true, and it's the risk of submitting a KYC documents to verify your account. However, it's not new as even banks and other financial institutions requires you to follow the KYC protocol. Hacking is possible, but it's less likely to happen if the site you are trusting has a strong security, so to ensure that they have, check  on their reputation and their popularity, if they have both what are you looking for, then trust them, but never think it's guaranteed that your account and documents are safe, or hack-free.

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.The gamblers mostly not like to share their kyc because of worry about the safety of their kyc.But the trusted gambling site never use to do that kyc for making money,only less bankroll gambling site will do the sale of the users kyc to the social network for making some dollars using the kyc data.
You have a very good point here my friend but sadly it is not all gamblers that see things your way, many are so shallow-minded, all they know is to aurge, but later they will start complaining and crying foul. It is a better advantage for anyone to do the needful right from the beginning and get their mind at rest. At times too, some gamblers would want to wait for the withdrawal time before they complete the KYC, not knowing that issue could arise even then. One of the issues I've witnessed some gamblers lamenting about is the withdrawal of big amount of money. They would have been withdrawing little money before then without any issue whatsoever, and some might have even been spending over 5 years with their casinos before they were affected. To others too, they might block their account due to the restrictions of their country, and at times, they do not know of it. All these are not good and it is painful when they do not have access to their money anymore due to the laxity on their part.

Had it been that the KYC was done from the beginning, they would have been rest assured that they would be having itch-free withdrawals, and even if any issues arose, they would have known from the beginning to decide whether or not to avoid that casino and move to another one. A lot of casinos are using the later KYC to frustrate gamblers too, they will use the excuse to be asking for the documentation they will not be able to meet. This could have been avoided from the beginning, and if they later asked for additional documents, then you will know that they are evil if plainly such documents are to frustrate you. That is where you take it up with them and/or later leave still.

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January 27, 2024, 11:36:40 AM
 #846


I don`t think that it is a problem to KYC. Nowadays everybody can find your private data - every day we hear how our data was hacked, every week i get at least one call from the cheaters, etc. Of course it doesn`t mean, that we can show our id to everybody without research. The problem is that KYC is used as official cheat from casino.
Such decision as we are talking about - KYC before the first deposit, will defend gamblers, but casino don`t want to use it.

That is true, and it's the risk of submitting a KYC documents to verify your account. However, it's not new as even banks and other financial institutions requires you to follow the KYC protocol. Hacking is possible, but it's less likely to happen if the site you are trusting has a strong security, so to ensure that they have, check  on their reputation and their popularity, if they have both what are you looking for, then trust them, but never think it's guaranteed that your account and documents are safe, or hack-free.

Ultimately, everything must comply with regulations. The final decision is our own choice. If you want to play anonymously, you can look for a casino that doesn't ask for KYC. if we don't have problems with KYC, we can use many casino choices.
I know there are a lot of casinos that doesn't ask for KYC. However, it's a matter of question if we can trust them or not?
IMO, I don't trust them, unless they are decentralized, but if they aren't they are still required to follow the law as operating illegally may put them at risk and our money as well, so it's a no go.

Some gamblers don't think about KYC, especially those who like certain sites regarding the services or games there.
KYC issues are requested when we get a big win and want to make a withdrawal. however, the casino carries out the procedure. it isn't very pleasant, but that's the procedure they apply. Just follow it, if there are no problems, your withdrawal will be processed.
It's not a big issue if we sign up and agree with it. We need to read and understand what we sign up for. Simple as that.

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January 27, 2024, 03:43:21 PM
 #847

If it just small win or withdrawal then there no need to worry about KYC because we won't be asked for KYC as long as everything only involves small amounts of money, moreover the casino provides KYC requirements if it is only needed or needed.
But no one knows how many wins we can get and no one can predict how many wins we will have, if suddenly we get jackpot or a big win then we ourselves will be in trouble because in large withdrawals KYC will definitely be needed.
Indeed, it would be better to provide KYC from the start of registering, even if we only make small withdrawal, but if we unexpectedly get jackpot then we no longer need to think too much about the KYC requirements because they have been completed from the start.
Some gamblers are so afraid of KYC that they prioritize anonymity and the security of their personal data, but they forget that the casino has the authority to implement every provision it has.
As gamblers we must be able to maintain all stability and security in gambling, as much as possible we must avoid all problems that could occur at any time.

I guess you have never heard some cases where players need to undergo KYC for few hundreds dollar withdrawal or even less.
You can find those cases in this forum, it means that small withdrawal does not mean that you are free of KYC.
KYC is not only about how much you want to withdraw but it can be caused by some other things.
For those who are afraid of KYC, it is better not to play in online casinos or try to find casino which is 100% KYC free.

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Oilacris
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January 27, 2024, 04:39:41 PM
 #848

There are ones who do really likes on playing into those sites which doesnt have licensed or doesnt really ask out for some KYC on which it do comes into a point that they wont really be making out some checks on the site that they are dealing with and would really be just that ending up on having those regrets on the time that they do step their foot into some problems on which it caused up for them to have those kind of problems on which this is where regrets would really be coming out that they shouldnt have done that earlier but rather be that mindful on reading up those terms and
conditions but just like on what been said that it would be always best that you should really be sticking into those platforms on which we do know that have that reputation rather
than on making yourself that trying out with those new ones.

I don't think we can use KYC or not as a reference for whether a casino is reputable or not. Even casino sites or online gambling sites that intend to scam also apply KYC to try to make their casinos follow the procedures set by the government.
There are many reputable ones on the forum, there's nothing wrong with a new casino. they offer attractive bonuses. some users are interested in this. just to try it. so keep using small money for new casinos. whether it's just to claim a bonus or want to experience a different sensation from the old casinos that we often play at.
And this is where you would really be tending to look up whether the site is having a license or not but just like you do said that this isnt really a solid indication that yo u would really be trusting up fully a particular site or platform just because of having these kind of things on which we know that it isnt really something enough for you to consider that it is really that legit just because they do have those
licenses but we know that this isnt a solid indication or solid identifier that you are dealing on the right place on which it would really be that best that you should really know on what you should really gonna do. There are really just those people who are really that tending to make checks before making any deposit so that you wont really be ending up on getting wrecked if ever
the site would really be running.
mak013
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January 27, 2024, 08:06:49 PM
 #849


I don`t think that it is a problem to KYC. Nowadays everybody can find your private data - every day we hear how our data was hacked, every week i get at least one call from the cheaters, etc. Of course it doesn`t mean, that we can show our id to everybody without research. The problem is that KYC is used as official cheat from casino.
Such decision as we are talking about - KYC before the first deposit, will defend gamblers, but casino don`t want to use it.

That is true, and it's the risk of submitting a KYC documents to verify your account. However, it's not new as even banks and other financial institutions requires you to follow the KYC protocol. Hacking is possible, but it's less likely to happen if the site you are trusting has a strong security, so to ensure that they have, check  on their reputation and their popularity, if they have both what are you looking for, then trust them, but never think it's guaranteed that your account and documents are safe, or hack-free.
It is not only about banks. We give our data to everybody, but afraid of KYC. Online shops, various services, booking, tickets, etc - it will take several pages to list them all. But the casino will use our data against us. It is funny to hear it. The only problem with KYC is that casino use it to steal your money. I remember here the thread, how the casino asked printed water bill when the gambler is paying online and refused him to KYC in their office.

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EarnOnVictor
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January 29, 2024, 12:11:14 PM
 #850

If it just small win or withdrawal then there no need to worry about KYC because we won't be asked for KYC as long as everything only involves small amounts of money, moreover the casino provides KYC requirements if it is only needed or needed.
But no one knows how many wins we can get and no one can predict how many wins we will have, if suddenly we get jackpot or a big win then we ourselves will be in trouble because in large withdrawals KYC will definitely be needed.
Indeed, it would be better to provide KYC from the start of registering, even if we only make small withdrawal, but if we unexpectedly get jackpot then we no longer need to think too much about the KYC requirements because they have been completed from the start.
Some gamblers are so afraid of KYC that they prioritize anonymity and the security of their personal data, but they forget that the casino has the authority to implement every provision it has.
As gamblers we must be able to maintain all stability and security in gambling, as much as possible we must avoid all problems that could occur at any time.

I guess you have never heard some cases where players need to undergo KYC for few hundreds dollar withdrawal or even less.
You can find those cases in this forum, it means that small withdrawal does not mean that you are free of KYC.
KYC is not only about how much you want to withdraw but it can be caused by some other things.
For those who are afraid of KYC, it is better not to play in online casinos or try to find casino which is 100% KYC free.
I share your opinion, it is worse to the point that if you want to withdraw just $50, some casinos will tell you to complete the KYC first. As this is their right, it is suspicious at the same time. The gist is that some might believe that some gamblers will not be able to fulfil it, thereby seizing their money for themselves which is why they beat it down so low as that. Such is happening in small casinos because I do not know why a big casino would want to be greedy with a small deposit, they have bigger fish to fry. This is unless they've added it already in their terms and conditions that no amount could be withdrawn unless the KYC is completed, which is why it's good to read the Ts&Cs of all the companies we are dealing with to avoid issues.

In the absence of that, then this is so suspicious, do you know why? Even in the payment systems/gateways, you may still make some financial transactions without verification. They will only set the limit you can transfer per day, per week, per month and per year. That's the institutions that are directly dealing with money and are strictly regulated, not to talk of casinos. There will always be some level of freehand given to them by the regulators (that's if they are regulated at all because many of them are only lying but hiding under it). Regulators often give them graces of flexibility in this condition and not be too strict with their customers. But if they decide to do that, one should know that something is possibly fishy and certainly not because they are reputable. This is why I often advise gamblers to first do their KYC so that they will not give any casinos the right to confiscate their money, and this has to be done before depositing a dime in their coffer.

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Hamphser
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January 29, 2024, 02:45:24 PM
 #851


I don`t think that it is a problem to KYC. Nowadays everybody can find your private data - every day we hear how our data was hacked, every week i get at least one call from the cheaters, etc. Of course it doesn`t mean, that we can show our id to everybody without research. The problem is that KYC is used as official cheat from casino.
Such decision as we are talking about - KYC before the first deposit, will defend gamblers, but casino don`t want to use it.

That is true, and it's the risk of submitting a KYC documents to verify your account. However, it's not new as even banks and other financial institutions requires you to follow the KYC protocol. Hacking is possible, but it's less likely to happen if the site you are trusting has a strong security, so to ensure that they have, check  on their reputation and their popularity, if they have both what are you looking for, then trust them, but never think it's guaranteed that your account and documents are safe, or hack-free.
It is not only about banks. We give our data to everybody, but afraid of KYC. Online shops, various services, booking, tickets, etc - it will take several pages to list them all. But the casino will use our data against us. It is funny to hear it. The only problem with KYC is that casino use it to steal your money. I remember here the thread, how the casino asked printed water bill when the gambler is paying online and refused him to KYC in their office.
Make difference among the two on which its never been that people would be mindful about into that KYC or indeed mindful about their identification on which this is something that wont really be that totally
comparable on the time that they would really be dealing up with things online or with those platforms on which as on the moment that they would really be asked out for some KYC then
they would really be totally flocking away. There are really people who are really that skeptical when it comes to this, this is why crypto gambling becomes that too famous because of that anonymous gambling on which time comes or later year where regulation and other factors could get in on which it would really be that changing up the overall impression on which i couldnt blame those people who are really that been affected.

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noormcs5
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January 29, 2024, 04:56:17 PM
 #852

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.

Instead of doing the KYC at the time of withdrawal, isn't better that the gamblers do the KYC before the deposit ? If we can do the KYC before the deposits, it can save a lot of complications at the time of withdrawals and you can have piece of mind. Sometimes if you do not have performed the KYC and your withdrawal amount is big one (in case you have won a lot while gambling), then what if the gambling site never approve your KYC so that they would not have to withdraw your big funds. At that time, you will be helpless.

Also, you need to read the terms and conditions of the gambling site carefully. If they allow withdrawals without KYC, then you may proceed playing without the KYC but in other cases, if it is explicitly written that you will be needing the KYC for withdrawal, try to do KYC at earliest. You simply cannot avoid it.

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danadc
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January 29, 2024, 11:13:07 PM
 #853

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.

Instead of doing the KYC at the time of withdrawal, isn't better that the gamblers do the KYC before the deposit ? If we can do the KYC before the deposits, it can save a lot of complications at the time of withdrawals and you can have piece of mind. Sometimes if you do not have performed the KYC and your withdrawal amount is big one (in case you have won a lot while gambling), then what if the gambling site never approve your KYC so that they would not have to withdraw your big funds. At that time, you will be helpless.

Also, you need to read the terms and conditions of the gambling site carefully. If they allow withdrawals without KYC, then you may proceed playing without the KYC but in other cases, if it is explicitly written that you will be needing the KYC for withdrawal, try to do KYC at earliest. You simply cannot avoid it.


That is one of the things that can be implemented so that casinos are allowed to do it in the most possible way, the most feasible and the most common and legal thing that they should do is that, but the casinos must be as tranquil as possible so that they can defend In the future, when I play in a movie theater I had that mistake of not doing the KYC and it was quite annoying for me to do it to be able to make a withdrawal and that is Something that I know bothers everyone in the world.

What you say is that before depositing, make a deposit, if you implement it, many will leave the caisno, but it is good because they may be scared, but then they will come back to do it because I think that is the only way they are True to the truth, people prefer that people do their KYC last so that they have a strategy to play and spend the money they had to withdraw It is a somewhat dirty strategy that some casinos Apply , not all , but I have seen those cases.

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Dunamisx
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January 29, 2024, 11:18:05 PM
 #854

If it just small win or withdrawal then there no need to worry about KYC because we won't be asked for KYC as long as everything only involves small amounts of money, moreover the casino provides KYC requirements if it is only needed or needed.
But no one knows how many wins we can get and no one can predict how many wins we will have, if suddenly we get jackpot or a big win then we ourselves will be in trouble because in large withdrawals KYC will definitely be needed.
Indeed, it would be better to provide KYC from the start of registering, even if we only make small withdrawal, but if we unexpectedly get jackpot then we no longer need to think too much about the KYC requirements because they have been completed from the start.
Some gamblers are so afraid of KYC that they prioritize anonymity and the security of their personal data, but they forget that the casino has the authority to implement every provision it has.
As gamblers we must be able to maintain all stability and security in gambling, as much as possible we must avoid all problems that could occur at any time.

I guess you have never heard some cases where players need to undergo KYC for few hundreds dollar withdrawal or even less.
You can find those cases in this forum, it means that small withdrawal does not mean that you are free of KYC.
KYC is not only about how much you want to withdraw but it can be caused by some other things.
For those who are afraid of KYC, it is better not to play in online casinos or try to find casino which is 100% KYC free.

You're right, passing through KYC is not a barrier of how much you wanted to withdraw, if not, only those with higher money there will have to be the ones passing through KYC, when a gambling platform set a requirement for being eligible for rendering KYC informations, then there will not be any other contrary opinions to kick against it in the name of being linient, they may only kind on us by allowing us to start with them before requesting for it later and not by how much requested for a withdrawal.



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Rainbot
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January 30, 2024, 11:07:20 AM
 #855

It is not only about banks. We give our data to everybody, but afraid of KYC. Online shops, various services, booking, tickets, etc - it will take several pages to list them all. But the casino will use our data against us. It is funny to hear it. The only problem with KYC is that casino use it to steal your money. I remember here the thread, how the casino asked printed water bill when the gambler is paying online and refused him to KYC in their office.
Make difference among the two on which its never been that people would be mindful about into that KYC or indeed mindful about their identification on which this is something that wont really be that totally
comparable on the time that they would really be dealing up with things online or with those platforms on which as on the moment that they would really be asked out for some KYC then
they would really be totally flocking away. There are really people who are really that skeptical when it comes to this, this is why crypto gambling becomes that too famous because of that anonymous gambling on which time comes or later year where regulation and other factors could get in on which it would really be that changing up the overall impression on which i couldnt blame those people who are really that been affected.
Crypto gambling mostly is famous for crypto users. The main part of the gamblers don`t want to learn something about cryptocurrencies. The online gambling becomes famous because it gives you an opportunity to bet anywhere and anytime. For someone it gives an opportunity to brake some restrictions. That`s all why it is famous. Except the small percent of users, that never leave any data in the internet.
Crypto gambling is created for freaks, that have some interest to gambling and to cryptocurrencies. And some freaks, who think that there is anonymity in the internet.

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SpaceWatermelon
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January 31, 2024, 03:04:45 AM
 #856

Damn, this is a pretty shitty practice. Like, I use Dplay and XFUN atm, and they do keep their promise as far as KYC not being required to deposit or withdraw funds. I imagine I'd be pretty pisses if anything else were to happen.
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January 31, 2024, 07:43:13 AM
 #857


That is true, and it's the risk of submitting a KYC documents to verify your account. However, it's not new as even banks and other financial institutions requires you to follow the KYC protocol. Hacking is possible, but it's less likely to happen if the site you are trusting has a strong security, so to ensure that they have, check  on their reputation and their popularity, if they have both what are you looking for, then trust them, but never think it's guaranteed that your account and documents are safe, or hack-free.

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.The gamblers mostly not like to share their kyc because of worry about the safety of their kyc.But the trusted gambling site never use to do that kyc for making money,only less bankroll gambling site will do the sale of the users kyc to the social network for making some dollars using the kyc data.

You know, I honestly don't understand from other gamblers why Kyc is such a big deal to them. Which, for me, is not really the problem. Because often, what becomes a problem is what they think is not good.

They say things about their privacy but don't have an investigation. It turns out they are the ones who committed a violation against the rules in casino gambling here in the cryptocurrency gambling space.

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January 31, 2024, 10:28:27 AM
 #858


That is true, and it's the risk of submitting a KYC documents to verify your account. However, it's not new as even banks and other financial institutions requires you to follow the KYC protocol. Hacking is possible, but it's less likely to happen if the site you are trusting has a strong security, so to ensure that they have, check  on their reputation and their popularity, if they have both what are you looking for, then trust them, but never think it's guaranteed that your account and documents are safe, or hack-free.

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.The gamblers mostly not like to share their kyc because of worry about the safety of their kyc.But the trusted gambling site never use to do that kyc for making money,only less bankroll gambling site will do the sale of the users kyc to the social network for making some dollars using the kyc data.

You know, I honestly don't understand from other gamblers why Kyc is such a big deal to them. Which, for me, is not really the problem. Because often, what becomes a problem is what they think is not good.

They say things about their privacy but don't have an investigation. It turns out they are the ones who committed a violation against the rules in casino gambling here in the cryptocurrency gambling space.
I share in your view my friend, and it is for the sanity of the world that KYC is being required. Even if it is not immediately needed by the company, but later, if something happens and an investigation needs the data of some particular customers, the company/casino will be able to furnish it. If this is not to vindicate the customer, they will at least be cleared by law that they follow due process. As easy as it is, KYC is good and has helped so well in this world, it has stopped some evil-doers to rethink their plans and has limited a lot of scammers from achieving their goals. If there is no sin in the world, will trust ourselves. But I tell you that it is not all families you will see people trusting each other not talking about the people you do not know but still want to work with. Also, it is a good means to limit money laundering, it helps the anti-money laundering crusade to be more effective than if there were no KYC at all. These are a few reasons among the many reasons why people are being asked for KYC and I believe every patriot should be willing to do it.

I now wonder why some people would not want to do the KYC, and if you asked them, you would hear that they want to stay private. Private from what? As a human being living in a country, you can only stay private as a private citizen which is a mere word, and it is not a must that you gamble or do business. But if you must do that, you should know that the government and at least the company you are dealing with have the right to know enough about you. This is actually not by force, one can choose to avoid all that if that is good for them. But I think living in the forest is better for such a person to encourage more privacy as there is no privacy anywhere. Even our telecommunication companies know everything about us, so the privacy argument is always baseless and overrated. The worst is that if too much privacy is given, the world will be unsafer, that's the truth.

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January 31, 2024, 11:21:21 AM
 #859

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.

Instead of doing the KYC at the time of withdrawal, isn't better that the gamblers do the KYC before the deposit ? If we can do the KYC before the deposits, it can save a lot of complications at the time of withdrawals and you can have piece of mind. Sometimes if you do not have performed the KYC and your withdrawal amount is big one (in case you have won a lot while gambling), then what if the gambling site never approve your KYC so that they would not have to withdraw your big funds. At that time, you will be helpless.

Also, you need to read the terms and conditions of the gambling site carefully. If they allow withdrawals without KYC, then you may proceed playing without the KYC but in other cases, if it is explicitly written that you will be needing the KYC for withdrawal, try to do KYC at earliest. You simply cannot avoid it.

I agree with that, if it can be done at the beginning why wait, something that can be done at that time must be done immediately, it's better that way than doing it later. instead of waiting for complications to come, there's no harm in doing it at the beginning before gambling, because some say this is annoying, in my opinion if they don't do it at the beginning it might be annoying but if it can be done at the beginning why not, after all if they If they feel disturbed by this, it is their own fault for not doing it when they should, so they have to do it when they experience complications.

That's right, reading the terms and conditions must also be done, because this can also determine their comfort in the future, if they don't read them there might be a problem and after experiencing problems they will only read the existing terms and conditions. In my opinion, these two things have something in common, where gamblers usually always ignore these two things, even though these things are quite important for their own gambling comfort.

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Oilacris
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January 31, 2024, 09:22:17 PM
 #860


That is true, and it's the risk of submitting a KYC documents to verify your account. However, it's not new as even banks and other financial institutions requires you to follow the KYC protocol. Hacking is possible, but it's less likely to happen if the site you are trusting has a strong security, so to ensure that they have, check  on their reputation and their popularity, if they have both what are you looking for, then trust them, but never think it's guaranteed that your account and documents are safe, or hack-free.

The gambler who want to have the smooth withdrawal after the win need to do the Kyc for the withdrawal.The crypto currency based exchanges itself ask the traders to do the Kyc for the withdrawal.So the gamblers should do not consider it as an Oxford things,they need to do the kyc at the time of the registration of the gambling site.The gamblers mostly not like to share their kyc because of worry about the safety of their kyc.But the trusted gambling site never use to do that kyc for making money,only less bankroll gambling site will do the sale of the users kyc to the social network for making some dollars using the kyc data.

You know, I honestly don't understand from other gamblers why Kyc is such a big deal to them. Which, for me, is not really the problem. Because often, what becomes a problem is what they think is not good.

They say things about their privacy but don't have an investigation. It turns out they are the ones who committed a violation against the rules in casino gambling here in the cryptocurrency gambling space.
One of the things that they would be having in mind if ever that they've been asked some KYC;

1. Those information might be sold up on dark/deepweb
2. Leaking information could be used in other means

This is why people would really be that skeptical whenever they do deal up with something that ask about KYC. Come to know that
Crypto gambling did become famous because of anonymity which does really exempt out someone when we do speak about KYC.
This is why people would really be that too reactive when the time comes that they would really be needing on complying something specially on the time that
withdrawal time happens.
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