Can we still truly achieve anonymous gambling in crypto?

[Ever-young]

I believe that one method for cryptocurrency casinos to preserve their distinctiveness is to emphasize on the unique features of the technology known as blockchain. One of the primary benefits of blockchain is its consistency: once a transaction is recorded on the blockchain, it cannot be changed or removed. This adds a layer of security and trust that older, centralized systems cannot supply. Crypto casinos may take advantage of this characteristic by delivering a degree of transparency and confidence that regular casinos do not offer.
Crypto casinos may also keep their individuality by adopting the genuine spirit of decentralization. Many crypto casinos are still controlled by centralized organizations; but, if they allow for a completely decentralized approach of conducting an enterprise.

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[qwertyup23]

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

There is still that difference but remember that KYC was enabled in order to follow the regulations of some countries that have specific laws for it.

Remember, a fiat casino requires personal appearance at a physical casino. Not to mention, there are strict regulations when it comes to registering your profile as most of the latter lean towards the implementation of KYC. On the other hand, there are still some crypto casinos that offer no KYC but expect that their security/reputation may not be as secured compared to others.

If a gambling casino implements KYC, it is also expected that they have the responsibility to safeguard your information. Sure, anonymity in cryptocurrency may be defeated but this is the only way to consolidate with some laws implemented against casinos in the first place.

[piebeyb]

One of the most obvious issues with KYC in any platform is the risk of data leaks. There have been tons of database leaks in the last few months or so. You're lucky if they don't leak any sensitive data, but there's no guarantee it won't happen in the future. Not to mention the risk of data abuse such as selling your contact details to other parties without your consent like what happened with Facebook.

Yes, that's what anyone is worried about about data leaks, even a Facebook class can still be penetrated and missed, what about a casino class where I'm not sure that its security is not better than Facebook too, but that doesn't mean that crypto casinos that implement KYC are not safe, but as far as Their site is very big and trusted, that's what makes people feel confident on this site, even though they have to risk their privacy and anonymity in online gambling, at least they are safe gambling there without having to worry about losing money due to hacking and other things.

I also actually don't really like this KYC system but most anonymous gamblers will definitely use it as a place to launder money so they can easily do it, although not most gamblers are like that but from that impact and the regulations which are not too strict, anonymous gamblers can do it. committing criminal acts such as money laundering and so on, but everyone comes back to their own views in this matter because I know we all have different views and cannot be the same but must respect each other. As long as it's comfortable for us to gamble, just do it at your own risk

[iv4n]

....

I don't see why people keep complaining about KYC in an online casino. If it is what is required to secure the money of users in the casinos it is a good idea that all casinos should make KYC mandatory. Truth is i can't trust any casinos that don't make KYC compulsory because i would freak out with time. Like how can you trust a platform that don't take security seriously? Risking your money to platforms that would do nothing when something mistakenly happens to it.

In the crypto gambling world, cold and hot wallets are used to secure our money, not KYC. KYC & AML rules are for something else, in short, both are used to limit or mitigate the impact of money laundering, multiple accounts, and any other financial crime. You can educate yourself a bit more about that matter here on the forum and in many other places, all you need to do is try the "search" feature. You will find many useful threads here on the forum.

People complain about KYC because we don't wish to share our private info with anyone who opens a casino or any other service. Why would we trust them blindly? If a service asks for KYC it's not a guarantee they are trustworthy and fair. Sharing your private info doesn't keep your money safe if the service fails for any reason, you will lose your money, and your sensitive info will probably be sold on the dark web.

[boyptc]

Sharing your private info doesn't keep your money safe if the service fails for any reason, you will lose your money, and your sensitive info will probably be sold on the dark web.

That's true.

Complying to KYC doesn't mean that they're securing our money but we're just compliant to them and they're also asked by the regulators to do it.

There are also those staff that are taking advantage of their position especially those that have access to their database. Try to test out a new email and register it to any casino, if the data is leak then you'd receive tons of spam emails.

[Huppercase]

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

By statistic, fiat casino have more population of gamblers than crypto base casino and do you know why they were able to achieve this numbers? That's because they are government approved and also has some offices in region where they are licensed. So the gamblers feel safe using the casino because they know they wouldn't run away with their money since they are governments approved and allow to operate fully but crypto casino doesn't have this privileges even with the business numbers, they feel trapped because of the crypto hate by some group of government, the have no choice but to act like they are like fiat casino even when they have crypto options.

If you check some casino that are crypto based, you will found out that they have option to deposit through your local bank and for this reason, they have to comply with the host country for KYC because of the fiat involved and some doesn't involve fiat but they still asked for this kyc just to avoid problems like money laundering  later in the future. With all these, it will be difficult to have anything decentralized casino unless they want to operate as illegal without making any form of registration and licensing.

[Finestream]

Sharing your private info doesn't keep your money safe if the service fails for any reason, you will lose your money, and your sensitive info will probably be sold on the dark web.

That's true.

Complying to KYC doesn't mean that they're securing our money but we're just compliant to them and they're also asked by the regulators to do it.

That's different as KYC is a requirement, it doesn't ensure anything about how the business (casino) will handle their operation. But if they are following the guidelines of the regulators, then our money is safe and the same with our information. Don't be afraid to submit details or documents in a casino because they are also required not to disclose it, or keep it confidential, just like how a bank is required on their depositors.

We comply, and they comply as well.. that's it.

There are also those staff that are taking advantage of their position especially those that have access to their database. Try to test out a new email and register it to any casino, if the data is leak then you'd receive tons of spam emails.

As I said, it's on how they handle their operation, if they have staff that breach the contract or the policy, then they'll be dealth accordingly as the company's license is also at risk if they can control the people they hire to help them run the business.

[freedomgo]

....

I don't see why people keep complaining about KYC in an online casino. If it is what is required to secure the money of users in the casinos it is a good idea that all casinos should make KYC mandatory. Truth is i can't trust any casinos that don't make KYC compulsory because i would freak out with time. Like how can you trust a platform that don't take security seriously? Risking your money to platforms that would do nothing when something mistakenly happens to it.

In the crypto gambling world, cold and hot wallets are used to secure our money, not KYC. KYC & AML rules are for something else, in short, both are used to limit or mitigate the impact of money laundering, multiple accounts, and any other financial crime. You can educate yourself a bit more about that matter here on the forum and in many other places, all you need to do is try the "search" feature. You will find many useful threads here on the
forum.

We have our way to secure our funds either it's from cold or hot wallet. If it's on the casino side, if they don't put the right measures to ensure the funds are secured, then whatever careful procedure we are doing are just useless since our funds are still in the control of the casinos wallets that are hacked.

KYC and any other verification is not asociated with wallets, because this is a basic government requriement which the casinos regulators are going to implement on them, or they are directed to implement it to the gamblers.

People complain about KYC because we don't wish to share our private info with anyone who opens a casino or any other service. Why would we trust them blindly? If a service asks for KYC it's not a guarantee they are trustworthy and fair. Sharing your private info doesn't keep your money safe if the service fails for any reason, you will lose your money, and your sensitive info will probably be sold on the dark web.

People only complain when they don't understand that KYC is just a basic requirement of a regulated casino.

First, they check if the casino they are playing with has a license, if so then KYC is there as a rule, so knowing that they'll not complain anymore.

[Richbased]

With the involvement of KYC in almost every casino gambling site makes it difficult to achieve anonymity in crypto gambling because literally, all private information about a gambler's real life is needed to undergo KYC just like using fiat but however, crypto gambling is just a form of promoting cryptocurrencies.

The only difference between cryptocurrency and Fiat gambling is that fiat seems to be more fraudulent than crypto currency because the transaction between you and the casino site can be visible on Blockchain whereas in fiat sometimes, they manipulate the process and it cannot be traceable. I have actually been a victim of funding my casino account using fiat but the amount didn't reflect in my balance and all efforts I made to recover my funds proved abortive till date.

[Finestream]

With the involvement of KYC in almost every casino gambling site makes it difficult to achieve anonymity in crypto gambling because literally, all private information about a gambler's real life is needed to undergo KYC just like using fiat but however, crypto gambling is just a form of promoting cryptocurrencies.

Not difficult actually but it's impossible. When you submit a piece of information, it's not anymore anonymoust gambling..all centralized casinos requires an email before we can play, so that email is already considered as your identity as you created that... privacy maybe but anonymity, not gonna happen.

The only difference between cryptocurrency and Fiat gambling is that fiat seems to be more fraudulent than crypto currency because the transaction between you and the casino site can be visible on Blockchain whereas in fiat sometimes, they manipulate the process and it cannot be traceable. I have actually been a victim of funding my casino account using fiat but the amount didn't reflect in my balance and all efforts I made to recover my funds proved abortive till date.

I beg to disagree, I think that's a wrong perception.

When you transact using crypto, yes there is a blockchain which is the public ledger, both sides can see so it's transparent but you can't say that fiat transactions are more susceptiable to fraud because it's easier to trace transactions when coming from a bank (online wallets) since it cannot be created without passing first the KYC, unlike in crypto where you can create a wallet easily even without your real name attach on it.

[Blitzboy]

One of the most obvious issues with KYC in any platform is the risk of data leaks. There have been tons of database leaks in the last few months or so. You're lucky if they don't leak any sensitive data, but there's no guarantee it won't happen in the future. Not to mention the risk of data abuse such as selling your contact details to other parties without your consent like what happened with Facebook.

Yes, that's what anyone is worried about about data leaks, even a Facebook class can still be penetrated and missed, what about a casino class where I'm not sure that its security is not better than Facebook too, but that doesn't mean that crypto casinos that implement KYC are not safe, but as far as Their site is very big and trusted, that's what makes people feel confident on this site, even though they have to risk their privacy and anonymity in online gambling, at least they are safe gambling there without having to worry about losing money due to hacking and other things.

I also actually don't really like this KYC system but most anonymous gamblers will definitely use it as a place to launder money so they can easily do it, although not most gamblers are like that but from that impact and the regulations which are not too strict, anonymous gamblers can do it. committing criminal acts such as money laundering and so on, but everyone comes back to their own views in this matter because I know we all have different views and cannot be the same but must respect each other. As long as it's comfortable for us to gamble, just do it at your own risk

Facebook and other large firms have suffered data breaches. It's obvious that no system is flawless. Well-known crypto casinos that use KYC are trusted enough to gamble. Building confidence takes work, therefore they deserve credit. Players fear about privacy, which is normal.

KYC isn't for everyone. No doubt, it's a tremendous headache for money launderers. It's about industry safety overall. Each gambler has a right to their opinion, but we must make informed choices and respect each other. Smart money management requires knowing the hazards. This crypto world is new, and we're all striving to find the right balance - security without surrendering our independence.

[betswift]

As cryptocurrency and online gambling evolve, achieving complete anonymity in crypto gambling has become more challenging due to regulatory pressures and a growing demand for secure, trustworthy platforms. While early crypto casinos emphasized decentralization and privacy, many now adopt KYC practices similar to fiat casinos to ensure safety and compliance.

Despite these changes, crypto casinos still offer advantages over traditional ones, like faster transactions, lower fees, and a degree of privacy. However, the gap between crypto and fiat casinos is narrowing, especially concerning anonymity. The future of crypto gambling is likely to balance the benefits of cryptocurrency with increased regulatory oversight.

True anonymity in gambling is harder to find but not impossible, as some niches within the crypto world still prioritize it.

[KiaKia]

There is no room for anonymous gambling, many old and new online casinos have tried this, and they all failed, if a casino isn't regulated its more like they are running a shady business, or even a money laundering cartel.

To stay clean they have no choice but to comply, but honestly, I need to ask, what is anonymity in casinos going to give you? Because with every crypto that casinos accepts, you are going to leave behind a track sending from your wallet to the casino account anyway.

You are just trying to put anonymity on something that's not created to function in an anonymous way, From Tron to LTC and many others, they are not privacy coins, you transact using one of these coins you will leave footpath behind.

[danherbias07]

Sharing your private info doesn't keep your money safe if the service fails for any reason, you will lose your money, and your sensitive info will probably be sold on the dark web.

That's true.

Complying to KYC doesn't mean that they're securing our money but we're just compliant to them and they're also asked by the regulators to do it.

There are also those staff that are taking advantage of their position especially those that have access to their database. Try to test out a new email and register it to any casino, if the data is leak then you'd receive tons of spam emails.

Obviously, that won't be a good casino site to stay with, if they are leaking our information outside where we only registered. Worse, I have heard some rumors that they are selling those emails to the black market so they can send whatever scammy attempts they are trying to everyone and they will just wait for a new victim.

I do agree with KYC because the company is just trying to keep their business intact and also to avoid money laundering activities because if this happens, the government they are under will no doubt close them down just using that reason.
It's not like a reputable casino is trying to mess with our information but it's just there to protect themselves too. But if it is a site that only has a purpose to steal our information and use it for evil deeds then we should get out of there as quickly as possible. Changing emails is also an idea because there's a chance a lot of invites will be sent to the tainted ones.

[Rampagoe004]

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

No one is truly anonymous if you use crypto to gamble. Yes of course crypto casinos are easier to use than FIAT casinos and you can withdraw your money in crypto and withdraw it in fiat. It doesn't require as much validation as withdrawing fiat from a crypto casino. I think some crypto casinos still don't require KYC to withdraw your money. Casino sites like Duelbits do not ask for your KYC to withdraw your crypto. I don't know if these regulations will be different in each country. I won several times on sports bets and they didn't ask for KYC verification.

[bakasabo]

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

I remember writing a review of a casino where you connect your wallet, approve bet in your wallet and gamble. When he wins, the amount is being transferred to his address. I think this was one of the safest way to gamble, as I see no way gambler can be recognized by a wallet address. Gambler leaves no private information this way. Whole process of gambling looked very alike to using DEX. If there are casinos like this, then there is no wrong way that crypto is heading.

[topbitcoin]

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

I remember writing a review of a casino where you connect your wallet, approve bet in your wallet and gamble. When he wins, the amount is being transferred to his address. I think this was one of the safest way to gamble, as I see no way gambler can be recognized by a wallet address. Gambler leaves no private information this way. Whole process of gambling looked very alike to using DEX. If there are casinos like this, then there is no wrong way that crypto is heading.

In the event that you're looking for a web3 gambling platform, then yes it's true that by connecting wallets you can play according to your wishes and also make withdrawals you will also not bother with it, but the most sad for me personally about this is fairness and security, What kind of aspects need to be made a web3 gambling platform does not cheat or fraud on its customers, as well as connecting wallets, if you really want to keep playing it is important for us to use a second or third wallet and never use the main wallet because it can be less secure and the money we have in the wallet can be drained or attacks that can take our money without us knowing.

There are many casinos like this but there are still questions about security and others that make such casinos feasible and secure, I really miss also playing without having to give my personal identity, making deposits and withdrawals when using large funds is not a problem is what I imagine today, anonymity is missed.

[madnessteat]

Cryptocurrency casinos are moving towards full regulation just like basically any other industry that involves money. Whether this is good or bad, everyone decides for themselves, but I am a privacy advocate, so for me it would be better if any casino could be played in without having to go through KYC and not experience the difficulties that sometimes arise for citizens of under-sanctioned countries. In my opinion people far from political life should not suffer from sanctions, but of course politicians do not care much.

[|MINER|]

What I have seen that currently there was no well reputable and well featured casinos in my eyes. And some of catches my attention but they don't have enough features like what on a regular casino. I will not say that there was no casino that followed the non-kyc verification rules but I this they will also a non licensed casino. So depends on you where you will play non-license or licensed.

[entertheabyss]

That's true.

Complying to KYC doesn't mean that they're securing our money but we're just compliant to them and they're also asked by the regulators to do it.

There are also those staff that are taking advantage of their position especially those that have access to their database. Try to test out a new email and register it to any casino, if the data is leak then you'd receive tons of spam emails.

Been anonymous in the system is absolutely not possible because it comes with strict actions, perhapes it can be achieveable. The register will always those that have or acknowledge the significant odds to follow. New days, new rules are implemented and it's our top duties to abide by them. KYC is an important feature when it comes to casinos, it's really been a sector that should be thoroughly checked because a user profile on casino is never complete without verification.