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Author Topic: Why do you want to play on casinos without KYC requirements?  (Read 765 times)
HelliumZ
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November 13, 2023, 01:23:10 PM
 #41

I live in a country where gambling and casinos are banned so I personally cannot support KYC. There are many illegal casinos and gambling sites in my country where I can get into legal trouble if I do KYC verification with my personal document while playing casino. So I have no choice but to be cautious and I am forced to skip KYC for my personal security.

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November 13, 2023, 01:30:44 PM
 #42

This is the same reason why you don't want to use centralized exchanges when the requirements you provide are the same reason centralized exchanges use KYC. Once you consider that your privacy can be abused when using centralized exchanges or other centralized platforms, the same can happen with casinos that are asking you for KYC. There is no guarantee or evidence that the casino will secure your personal information and privacy any more than other centralized exchanges.

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November 13, 2023, 01:39:24 PM
 #43

I live in a country where gambling and casinos are banned so I personally cannot support KYC. There are many illegal casinos and gambling sites in my country where I can get into legal trouble if I do KYC verification with my personal document while playing casino. So I have no choice but to be cautious and I am forced to skip KYC for my personal security.
That will be a problem if you are a player with a large amount of money. If you play at a casino that requires KYC verification, it will be bad for you in the future. Maybe you can still play, but there may be problems when withdrawing.
If you play at a casino that doesn't ask for KYC, that means you also have to be careful regarding the casino license and your funding, which I think should never play with large amounts.
some people want to protect their privacy, but others have no problem providing KYC documents for convenience when playing at the casino.

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November 13, 2023, 01:48:55 PM
 #44



Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

Ps. I am playing Devil's advocate... if you did not notice it.  Grin

I'm not against KYC I just don't want them asking for KYC huge winning and accusing the users of cheating when he's not cheating, there's been a lot of cases like that one casino that is very notorious for asking KYC for huge winning then accuse the players of cheating is 1xbit, they steal your information then they steal your, KYC is good to protect the platform from scammers and cheaters and launderers but not using it as a way to scam people, we have to stop playing on casinos that uses the KYC to abuse their users.

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November 13, 2023, 01:50:04 PM
 #45

Privacy is the reason why I like cryptocurrency casinos, although I have done kyc and even like doing kyc in casinos and trustworthy sites that deal with money, the problem with that from what I see in my opinion is that kyc limits people when there are many of them in a house. Let's imagine for example that a relative of mine comes to live in my house and that relative of mine also wants to buy bitcoin and do day trade on an exchange, but when that relative of mine creates an account on the exchange they discover that on the exchange they ask for KYC and do not ask for documents such as a passport and this relative of mine does not have a passport, so this relative of mine will not do day trade on this exchange

and see that my relative probably wouldn't be thinking about trading with more than $500, that is, he wouldn't take out more than $500 because he doesn't have money that is more than $500, so how the hell can a person who doesn't even If you don't have more than $500, you would be a money launderer? Why don't they set a minimum withdrawal amount and wagering requirements to combat money laundering rather than asking for kyc? and governments are to blame for this situation, they keep forcing casinos to ask for kyc even though they know that kyc puts people in danger, such as cases in which scammers can take someone's identity and commit crimes

and kyc is not a solution for money laundering and is also not a solution for combating gambling addiction. There are better solutions like the one I mentioned. but unfortunately governments seem to not think before deciding something. We just need to ask ourselves who is supervising the websites that take people's documents? What guarantees do people have that their documents are OK? people simply don't have that guarantee

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November 13, 2023, 02:14:09 PM
 #46

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?
For me personally, KYC measures are not efficient in maintaining security for users, especially those involved in online gambling, there is a definite reason why for me casinos that implement KYC are not comfortable for me.

Reason:
1. Generally casinos operating in the area where I live are illegal.
2. There are several cases that I have seen user identities published in the media, when the casino had problems with the law.
3. Because casinos are illegal, of course I like playing illegally.

And there are other reasons why KYC does not respond positively to me in gambling, essentially: online casinos can close at any time, without a clear legal frequency, So our identity could be misused by irresponsible individuals, for that reason I avoid casinos that implement KYC.

R


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November 13, 2023, 02:53:23 PM
 #47



Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos.

Ps. I am playing Devil's Advocate... if you did not notice it.  Grin

I'm not against KYC I just don't want them asking for KYC huge winning and accusing the users of cheating when he's not cheating, there's been a lot of cases like that one casino that is very notorious for asking KYC for huge winning then accuse the players of cheating is 1xbit, they steal your information then they steal your, KYC is good to protect the platform from scammers and cheaters and launderers but not using it as a way to scam people, we have to stop playing on casinos that uses the KYC to abuse their users.
The only time a legitimate casino will ask you for KYC is when you want to withdraw any amount above $5000, so I think that amount is already a huge amount and you will be asked for KYC just like it is stated in the terms and conditions of the site,  and it should not be a new thing for the player when he is asked for KYC at some point in the cause of playing.

And another reason could be due to suspicious activities from that account at some point in time,  and if as a gambler,  you supply the right information,  the KYC should go through,  anything outside that will be a be it uneasy delay should be a direct attack on the gamblers right,  because I don't see any reason why a reputable casino will not approve the KYC of it client if supply the right information and documentsts.
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November 13, 2023, 02:55:24 PM
 #48

Because for some people, gambling is to get entertainment and not use a lot of money. They think if they just want to have fun gambling, they don't need to do KYC.

But we know that KYC helps casinos to overcome the problem of illegal activities carried out in casinos. It makes casinos try to enforce KYC in their casinos and even that is done by shady casinos too. The difference is that shady casinos will not want to give away gamblers' winnings but will still enforce KYC.

But that is up to each gambler. If they are willing to do KYC at their favorite casino, they don't have any problems, especially for those who use a lot of money. But for those who enjoy gambling, they feel no need to do KYC. But they may do KYC if necessary.

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November 13, 2023, 03:01:18 PM
 #49

We are well aware of the risks associated with playing at a non-KYC casino, but we are willing to accept those risks in order to enjoy full privacy and anonymity. It's similar to using a bitcoin mixer, we understand its association with money laundering and other illegal activities, yet we still use it for the purpose of gaining anonymity. After all, crypto is supposed to provide us with anonymity, and we are simply trying to achieve that goal.

There’s already non-KYC casino that is complete decentralized. It doesn’t need you create an account and you can play by just interacting to smart contracts. The only danger is if you didn’t know how to read code but most of this casino is open source and has a smart contract audit that is equivalent on having license to check their code.

They are just offering simple games that’s why they are not popular and also they don’t of VIP rewards like the casino with KYC offers. People is just not contented on what’s available but they really have a choice to play without KYC but still safe.

But are these games really popular? I don't think so. Sports betting still dominates the gambling scene with the largest audience. The only notable distinction in fiat casinos is the KYC  factor, which isn't always required in some crypto casinos. Despite the risk of potential scams and the uncertainty of retrieving our money, many choose reputable casinos from the outset. This confidence in the casino's reputation helps mitigate the associated risks, making the overall risk level lower.

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November 13, 2023, 03:13:35 PM
 #50

Generally, casinos who do not offer any KYC restrictions are the ones who are relatively generous when it comes to their rewards and bonuses. Given the leniency that they provide, there is somehow a drawback with this kind of setup. Potentially, your winnings are at risk especially if a casino does not offer any KYC and they are relatively new on the industry.

With that being said, that is the reason on why I prefer to gamble on websites that offer KYC. This is somehow of an implication that they do indeed value the safety and security of their customers since they have the paramount duty of safekeeping such information.

Lastly, I do think that most casinos are slowly integrating KYC to their system due to stringent regulations on some countries. So if you plan on registering on a gambling website that offers KYC, make sure that you do it on a well-reputable and known platform.
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November 13, 2023, 03:38:51 PM
 #51

There is no need to have that many reasons why we don't want to gamble in casinos that require us to KYC. We just don't feel that we need to submit KYC just because we want to gamble. And if a casino that we like does that, we have a lot of options in doing so. We can stop using them or be obliged to get on them and continue to gamble with them.

I know that OP is sarcastic here and the majority of us don't like to be subjected to KYC. And it's all about the government trying to do all of those reasonings and if you think that you're okay with that, no one's gonna stop you. But if you feel that your privacy is invaded through that then try to find a casino that won't require you that much.

Also, when a casino is hacked, expect that all of the data has been taken by the hackers including those that have passed on the KYC.

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November 13, 2023, 04:09:58 PM
 #52

I am choosing based on authenticity of casino. I am playing on both products that's is CEX and DEX. As long as I am satisfied about the casino and it's legality I am all ok to do my KYC. If I'm having slightest doubt about it then I would choose my privacy over money. Moreover, I am not playing on multiple casinos these days. I have fixed 3 casinos on which I'm playing since few years and I have full KYC done on them. However, I am afraid to submit it on new casinos because it's always trust issue.

By the time you feel that one of the new casinos are doing great you suddenly hear about their scam reports, long threads of scam accusations. 

So even if I do KYC and the casino itself turn out to be scammer then what use would it do to me? I might be able to file a case or something against them but what after that?
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November 13, 2023, 04:10:25 PM
 #53

I live in a country where gambling and casinos are banned so I personally cannot support KYC. There are many illegal casinos and gambling sites in my country where I can get into legal trouble if I do KYC verification with my personal document while playing casino. So I have no choice but to be cautious and I am forced to skip KYC for my personal security.
That will be a problem if you are a player with a large amount of money. If you play at a casino that requires KYC verification, it will be bad for you in the future. Maybe you can still play, but there may be problems when withdrawing.
If you play at a casino that doesn't ask for KYC, that means you also have to be careful regarding the casino license and your funding, which I think should never play with large amounts.
some people want to protect their privacy, but others have no problem providing KYC documents for convenience when playing at the casino.
Yes it will cause problems for me later because if I want to withdraw any big amount then of course I need KYC but as per the conditions of my country if I give my personal document then government may get orant order in my name and I may face jail fine. If I have an account on the platform without KYC, then if I want to withdraw a large amount, I will have nothing to do if my account is frozen. So platforms with KYC are much safer and risk free than platforms without KYC.

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November 13, 2023, 04:37:02 PM
 #54

-snip-
8. KYC requirements can be used to enforce regional gambling restrictions.  
Here's my reasoning, I never fund a casino account except with crypto. I think I have found the right space where crypto offers one the freedom to gamble across borders while it is not available in one's own country.

-snip-
Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?
- Regulations in my country are too complicated.
- I don't want to be associated with gambling with a real identity for several reasons.

This space for rent.
Available in mid January 2024 - PM me
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November 13, 2023, 05:09:46 PM
 #55

There are some people who oppose and do not support KYC, because they think that their personal data is privacy that they must protect. However, when a gambling platform appears that does not use KYC, this makes them wonder again, whether the casino they are in is really safe to visit.

At this time, gambling is very popular and there are many services/platforms that provide gambling sites, which if we count, the count is probably infinite because there are so many gambling sites currently circulating. And in general, to be able to visit the official casino platform, it is necessary to fill in personal data or KYC. However, this does not mean that gambling platforms without KYC are not official, because there are several official gambling platforms that do not require KYC to enter, such as TG Casino.

And whether or not there is KYC on a gambling platform, the most important thing for us to do is to always make sure first whether the gambling platform we are going to visit is truly safe and responsible. This needs to be done before we decide to start gambling.

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November 13, 2023, 05:15:14 PM
 #56

Personal Security means a lot to everyone. keeping your privacy from the internet is one of the most important thing you have to know because you will not know who will use your documents to do something that is not good and you were caught of what you did not do and persecuted. Op you have some misconception on the list. I don't think casino has anything to do with money laundry, KYC has not really deal with the under gambling, I have seen them many in my area.  In what way does KYC deal with scamming? Scamming is very far from gambling. Scamming will not use KYC to scam casino but false information. And gambling addiction is not from double account in one casino but continues gambling in every day. Regional restriction is a decision of the casino management and not from the KYC.

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November 13, 2023, 05:30:40 PM
 #57

There are some people who oppose and do not support KYC, because they think that their personal data is privacy that they must protect. However, when a gambling platform appears that does not use KYC, this makes them wonder again, whether the casino they are in is really safe to visit.

At this time, gambling is very popular and there are many services/platforms that provide gambling sites, which if we count, the count is probably infinite because there are so many gambling sites currently circulating. And in general, to be able to visit the official casino platform, it is necessary to fill in personal data or KYC. However, this does not mean that gambling platforms without KYC are not official, because there are several official gambling platforms that do not require KYC to enter, such as TG Casino.

And whether or not there is KYC on a gambling platform, the most important thing for us to do is to always make sure first whether the gambling platform we are going to visit is truly safe and responsible. This needs to be done before we decide to start gambling.

maybe in the early days of crypto gambling, kyc was not yet a thing. however, as this business is evolving and is going to the mainstream, they need to  acquire their license to increase their credibility in the community. most gambling sites before didnt require kyc because they were also nonlicensed sites. but with the rise of fraudulent activities, this business found one way to add credibility in their turf and that is to get their license from known authorities. and with such license comes with the AML/KYC regulations. there's nothing wrong to play in nonkyc casinos, however, they are thought to be at higher risk as compared to licensed ones.

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November 13, 2023, 05:41:23 PM
Last edit: November 14, 2023, 05:05:08 AM by 3kpk3
 #58

I guess op expected this KYC backlash(Devil's advocate) which is why I don't understand the point of this thread. Most crypto investors will always avoid KYC regardless of how the crypto world changes with time.

If anything, this thread highlights the fact that we need more unregulated and popular no-KYC crypto gambling sites.

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November 13, 2023, 05:48:01 PM
 #59

7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
How is that possible Roll Eyes? It is not true because it is not possible. No amount of KYC can reduce gambling addictions. Just imagine if a casino stops an addicted gambler from betting because he or she is addicted. Do you know that there are other casinos that the addicted gambler can bet on? Every casino is looking for a way more gamblers will come and if the previous casino doesn't allow the addicted gamblers to stake, the gamblers will go to another casino to gamble even more than the previous time he is she has gambled and on this process the first casino that the addicted gambler was betting have lost that client (I have to call it client).
So, as every casino is looking for more money and more customers (clients), they will never stop any gambler that is gambling with them as long as the gambler is paying to gamble, do bro, a KYC verification can not reduce gambling addictions.

R


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November 13, 2023, 06:05:20 PM
 #60

I was going through OP list  and I must say that most of what OP wrote are alright to work with. Casinos and exchange do not on their own request for KYC but I believe the laws holding their presence wherever they find themselves is, because the government is involved in issuing the licence and this they have to do to keep track of activities of their nationals and other foreigners in their nation.so as to checkmate their financial flows.

Although KYC is not bad but with the increasing breach of privacy with peoples details leaked and accounts hacked, there have been this mistrust and uproars in various sectors cutting across all boards. So therefore it is pertinent that these reasons would alone make people not want to always go through a KYC process and I don't see that as an  issue. If there are any, other means of skipping KYC, I think a million and one gamblers would prefer it.

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