Is buying KYC accounts really worse than not gambling at all?

[Botnake]

With so many restrictions now, some players are turning to ready-made KYC accounts being sold on social media just to get around the blocks and keep playing. On the surface, it sounds shady, but then again, what’s the alternative? For a lot of gamblers in restricted regions, it’s either that or don’t play at all.

If you think about it, casinos are already forcing stricter KYC, regulators are cutting off payment channels, and VPNs are everywhere.

So maybe it’s not surprising that people see buying a KYC account as the “lesser evil” compared to being shut out completely.

So I’m curious...

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

[yahoo62278]

With so many restrictions now, some players are turning to ready-made KYC accounts being sold on social media just to get around the blocks and keep playing. On the surface, it sounds shady, but then again, what’s the alternative? For a lot of gamblers in restricted regions, it’s either that or don’t play at all.

If you think about it, casinos are already forcing stricter KYC, regulators are cutting off payment channels, and VPNs are everywhere.

So maybe it’s not surprising that people see buying a KYC account as the “lesser evil” compared to being shut out completely.

So I’m curious...

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

You're taking the risk of funds being confiscated when the site asks for KYC more then once. Why not just use a site that doesn't worry about KYC? I use Gamdom for example and they have never asked for anything. I am not saying they won't but I have only heard of that happening if people are doing shady activities. Feel free to send me a message if you want to use my code.

[Sanitough]

There’s real legal liability in doing that. If you use bought KYC docs you don’t know the origin of, those papers could be stolen and sold to you. If the account is verified to someone else’s name, you’re basically gambling on stolen identity, and when something goes wrong, you’ll be the one flagged. Once an investigation starts they can tie the account to your address, online banking and even your IP. worst case you get accused of identity theft or money laundering.

So yeah, it’s up to you if you want to take that risk, but know the consequences first...

[shinratensei_]

Just imagine you bought KYC account from someone, you deposit thousand dollars there, then your account gets blocked due to the suspicious activity. When Casino forces you to provide further data related to your account, you can't do that caused by the guy who KYCing your account was disappeared. Your money locked there forever. That ilustration already explain well whether is good or bad buying KYC account from someone else.

[leonair]

Buying KYC account is very risky.

• If you deposit too much money there, the real owner can reset the account by verifying the KYC documents.
• If you lose 2FA after enabling it, you will not be able to recover that account without submitting your KYC documents again.
  
• If for some reason the account seems suspicious, you cannot re-kyc the account if asked to do so.
  

There will be many more problems like this if you buy a KYC account.

[Botnake]

You're taking the risk of funds being confiscated when the site asks for KYC more then once. Why not just use a site that doesn't worry about KYC? I use Gamdom for example and they have never asked for anything. I am not saying they won't but I have only heard of that happening if people are doing shady activities. Feel free to send me a message if you want to use my code.

Thanks for the reply. It’s not really for me, I just created the topic for general discussion since I’ve read that buying and selling KYC accounts is getting popular online. I just wanted to bring it here so we can talk about the consequences of doing that, for the awareness of everyone who might be doing it or planning to.

[Solosanz]

I've read there's a casino have rules where the gambler must use own account to make deposit and withdraw, I mean this own account refers to centralized exchange or bank account which is using our name.

With this rules, using bought account will be useless.

Just imagine you bought KYC account from someone, you deposit thousand dollars there, then your account gets blocked due to the suspicious activity. When Casino forces you to provide further data related to your account, you can't do that caused by the guy who KYCing your account was disappeared. Your money locked there forever. That ilustration already explain well whether is good or bad buying KYC account from someone else.

Maybe they didn't disappear, but they will demand a good sum of money considering they know, the gambler will not able to withdraw except they give additional identity to the gambler.

[BitGoba]

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

Honestly, its not really ideal cause technically youre using someone elses account, which goes against casino rules and could be a problem. But on the other hand, i get why people do it when all the options are blocked, it feels like the lesser evil. I think it’s more a result of too strict rules than something really dangerous, but theres def a risk if the casino or regulator finds out

[_act_]

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

You said the person is doing something not illegal. A gambling site does not support the country the person is living but the person uses identity documents bought to access the gambling site for gambling. Is that not illegal? That is illegal.

Just know that gambling sites have rules against it, that if anyone is seen doing that, the person's account will be banned.

[Oluwa-btc]

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

It's not ideal and rather it's risky to buy KYC accounts cause the chances of your funds being protected is slim and sometimes when you get huge wins you'll be forced to go through KYC verification and if you don't a possibility that your funds would be restricted from you to withdraw.,they are really worse compared to when you  go through the normal gambling process.

[Justbillywitt]

Like you said if the person is not using the funds for anything bad, but just to satisfy their gambling cravings. I don't see anything bad in it provided there are people who are not scared to sell the accounts they used their documents to pass kyc. Those people wouldn't have bought accounts in the first place if it wasn't for the restrictions.

[acroman08]

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

Yeah, it is bad and risky. Just think about it, you are basically risking your money and maybe winnings on an account that will surely get your funds most likely confiscated(but probably just the winnings) if the casino finds out that your account is bought. Not only that, the account seller could also scam you or just tell the casino that the account he sold to you is compromised and make it look like that it was hacked.

[lovesmayfamilis]

It's always possible to sell someone else's documents dozens of times. I think this is the most important thing to remember. Sellers' promises to sell a single KYC account to a single recipient are not credible. The seller's job is to sell, nothing more. The buyer bears all the consequences. Even without committing any fraudulent activity online, they have no idea whose documents they are using or what their history is. Using someone else's documents, as well as relying on your KYC credentials on every website, can lead to a host of problems. It is always important to remember that even by changing the IP address and fingerprints of a device, law enforcement agencies can still identify a person if necessary.

[Taskford]

With so many restrictions now, some players are turning to ready-made KYC accounts being sold on social media just to get around the blocks and keep playing. On the surface, it sounds shady, but then again, what’s the alternative? For a lot of gamblers in restricted regions, it’s either that or don’t play at all.

If you think about it, casinos are already forcing stricter KYC, regulators are cutting off payment channels, and VPNs are everywhere.

So maybe it’s not surprising that people see buying a KYC account as the “lesser evil” compared to being shut out completely.

So I’m curious...

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

They are not safe at all even if they already bought those account. Since there are some casino have VPN detection and they would know who are those user use that tool and those person used those bought KYC accounts will be in trouble if the casino would able to asked another verification. Since there's a chance that their funds will get stuck especially if they can't provide new KYC.

So if they know that they are not allowed to gamble due to geo restriction issue better not to push their selves to gamble in that casino.

For sure they would find lots of alternative casinos out here since there are lots of reputable casinos operating online which they can able to play or even place their bets if they are into sports betting.

[Tipstar]

With so many restrictions now, some players are turning to ready-made KYC accounts being sold on social media just to get around the blocks and keep playing. On the surface, it sounds shady, but then again, what’s the alternative? For a lot of gamblers in restricted regions, it’s either that or don’t play at all.

If you think about it, casinos are already forcing stricter KYC, regulators are cutting off payment channels, and VPNs are everywhere.

So maybe it’s not surprising that people see buying a KYC account as the “lesser evil” compared to being shut out completely.

So I’m curious...

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

It's unethical and against the terms of the casino. The obvious problem is casino asking for further confirmation as your ip could expose you. Even if you get a paid VPN, you could be caught sooner or later. But if you have a permanent residential IP and stay below the radar with average volumes and nothing out of ordinary, you could keep enjoying the gambling. Cashing out and depositing through fiat could be a problem but if you exclusively use crypto, you could get by.
It's not recommended way but if you absolutely need to do it, you can spend a few more and use it with other's ID and IP.

[Porfirii]

There’s real legal liability in doing that. If you use bought KYC docs you don’t know the origin of, those papers could be stolen and sold to you. If the account is verified to someone else’s name, you’re basically gambling on stolen identity, and when something goes wrong, you’ll be the one flagged. Once an investigation starts they can tie the account to your address, online banking and even your IP. worst case you get accused of identity theft or money laundering.

You will most likely be prosecuted for identity theft/impersonation, but yes, there are worse charges that you could have to face. I agree that, before doing so, one should look for a casino that doesn't ask for KYC first of all, but I wonder how one could send the money won to his/her bank without raising suspicion. Because many of us gamble for fun, but if we eventually win some money, we all want to enjoy it, don't we?

[yhiaali3]

In my opinion, using a KYC account sold for the sole purpose of gambling is bad for both parties: the seller and the buyer.
For the sellers, if they have provided their genuine documents, they are at great risk if the buyer misuses the account and commits legal violations. The seller with the genuine documents will be prosecuted.

For the buyers, it is bad because if the seller is untrustworthy, they may demand the return of their account by providing the casino with the genuine documents. In this case, if they are able to do so, the buyer will lose all of their assets in the casino.

[Fivestar4everMVP]

With so many restrictions now, some players are turning to ready-made KYC accounts being sold on social media just to get around the blocks and keep playing. On the surface, it sounds shady, but then again, what’s the alternative? For a lot of gamblers in restricted regions, it’s either that or don’t play at all.

If you think about it, casinos are already forcing stricter KYC, regulators are cutting off payment channels, and VPNs are everywhere.

So maybe it’s not surprising that people see buying a KYC account as the “lesser evil” compared to being shut out completely.

So I’m curious...

Is it really that bad if someone uses a sold KYC account just to gamble, especially if they’re not doing anything illegal with the funds?
Do you see this trend as dangerous, or just the natural result of over-restrictive rules?

"Dangerous" is not the right word,  I think "very risky" is the right word here, it's very risky in the sense that if anything happens and the casino ask that you provide your KYC documents for further verifications, how do you go about getting the documents that was initially used to the initially account verification?

Any body buying a pre-kyced account for the purpose of using it to gamble is taking a very big risk without knowing it, the gambler stand the chance of getting their funds confiscated and account closed if and when the casino discovered that it's not the person who passed the initial kyc verification that is now using It.

[Potato Chips]

It's indeed a natural result if regulators do a complete ban in their own country. Some folks will find other ways and they could end up being in a more dangerous situation. Though, this doesn't mean it's not bad, because it is as others mentioned already.

However, at the end of the day, I think there will always be people who will bite this for whatever purpose. The same as how the buy and sell market of verified accounts across many services has always had a demand. This is one of the loopholes of KYC and people will always make use of it.

[Mayor of ogba]

If I am in the region where I am restricted to gamble, I won't buy a ready KYC account because there are some persons who will force other people to use their documents and pass KYC on a gambling site, and when they have passed the KYC, they will sell the account to the people in the region where gambling is restricted. And if you mistakenly buy that type of ready KYC account, and the government finds out you used another person's document to pass KYC on a gambling site, you will be in  trouble for identity theft, and the only way you can prove that you are innocent is to provide the person that sold the account to you.