Are you comfortable with sharing KYC data with casinos?

[Iroh]

KYC actually beats the purpose of anonymity which is primarily why people prefer to place bets using crypto friendly casinos. Now that they could ask you to prove who you say you are, using gov issued identification, it beats the whole purpose of remaining anonymous. Sadly, it's not that your private details are also in safe hands whenever called upon by the casino to prove that you exist. Your data could been seen by numerous parties and then sold to even more people willing to purchase such information.
It's best you play with reputable casinos so perhaps issues that could require your ID and stuff wouldn't pop up in the first place. Perhaps it's not something you can run from forever while playing with an online casino.

[AbuBhakar]

KYC actually beats the purpose of anonymity which is primarily why people prefer to place bets using crypto friendly casinos. Now that they could ask you to prove who you say you are, using gov issued identification, it beats the whole purpose of remaining anonymous. Sadly, it's not that your private details are also in safe hands whenever called upon by the casino to prove that you exist. Your data could been seen by numerous parties and then sold to even more people willing to purchase such information.
It's best you play with reputable casinos so perhaps issues that could require your ID and stuff wouldn't pop up in the first place. Perhaps it's not something you can run from forever while playing with an online casino.

Centralized casino doesn’t offer anonymity same on centralized exchange that offers you trading of crypto currencies.

Crypto currency doesn’t offer anonymity anymore if you want to use services that has license to operate because it needs to be regulated by the government.

But you’re right on how the KYC destroys the anonymity feature of crypto.

[lionheart78]

What are your experiences with sharing personal data and opinions about stricter and stricter regulations that require users to share personal data for every withdrawal?

I recently experience providing my KYC on a certain site (local online betting platform) and after some days, they called me for verification.  I was like wth, I told the caller that I have provided my information on the website and submitted the needed requirements and got approved, why calling now?  I told them that the call should be done before approving the verification process, and I wanted to tell them that their action is suspicious, but I prefer to be patient and listen to what they are trying to convey.

I understand why the casino needs to have KYC of their user because it is required by the regulators for AML, but I think it is overkill if one needs to comply with KYC for every withdrawal.  
 

[Davidvictorson]

What are your experiences with sharing personal data and opinions about stricter and stricter regulations that require users to share personal data for every withdrawal?

As long as the casino is a reputable one I have no problem with the KYC documentation process. I submit my KYC documents to most financial services app that I use and also to a crypto exchange. Yes there is that big “what if?” Well I can’t answer that which is why I then to focus more on what I can control which is my up to date security knowledge and extra measures to stay safe online. There are other options for non-KYC casinos just like 2up. io incase one needs recommendations.

[Hispo]

It is a very personal thing and it depends on the perceptive of each one of us. In my personal case, I trust casinos with my personal information, in the same manner I trust technological giants with my data.
But there must be some like drawn so they so not abuse of that information, I mostly draw my line so I trust casinos which have a long history in the market, a good reputation and liquidity and are regulated in several jurisdictions around the world.

If a casino has a very good liquidity and profit, then they would have no reason to sell our information to keep their business afloat. The same cannot be said about small and unregulated casinos, which would hand over personal information for extra bucks.

[Patikno]

Most of regulated casinos have clause in their Terms and conditions that they can block the account and ask for personal data if they find users activity suspicious or even for no reason at all.

I have always been careful about sharing my personal data with such services. Not only because they can misuse my data, but I don't have any control of who can access my personal data. Also I don't know who they share it with and finally some unhappy employee can collect that data and sell it on black market.

What are your experiences with sharing personal data and opinions about stricter and stricter regulations that require users to share personal data for every withdrawal?

There are risks when sharing personal data through KYC with casinos, but the only thing we can do is trust them. We should also choose a casino with a good reputation, and never had any problems regarding data leaks. Personally, I have performed KYC with several trusted casinos, and fortunately, so far, I haven't had any issues. Furthermore, I suspect casinos are reluctant to force their users to undergo KYC, but we know they are forced to do so due to the rules, or regulations. Essentially, I wouldn't have a problem with it as long as they can maintain trust, and if the intention is for the greater good. Cmiiw.

[Agbamoni]

There is a level to which I wont share some certain sensitive information in the name of KYC to a casino. I have my limit to document I can provide for them.

Lucky for me, most of the casinos I am using to bet on, only request for few information's like my phone number and email for verification while others request for paper document. But not all document should be provided for them. That is my own opinion on this topic.

[Wapfika]

I have different account on multiple gambling platform but I never experienced submitting KYC in any of them maybe because I’m not gambling excessively and using only a small bankroll when gambling.

I’m only using few reputable casino so I’m willing to do KYC if asked without experiencing any uncomfortable feelings due to my long time exposure on their services without problem.

The only I will not undergo KYC is on new casino that ask for it immediately right after a few deposits or win.

[hyudien]

Who comfortable sharing their personal identity! But that's the rule, especially if you're a high roller. I personally only perform KYC at one online casino, no more, to minimize future risks. And even then, I only do it at casinos that I consider reputable. However, I'm only a small-time gambler, and most of my gambling activities still allow me to withdraw winnings, as they're small amounts.

[_BlackStar]

To be honest - I am not comfortable with the casino terms and conditions especially the KYC issue. I really doubt the security of my personal data there in the long term - even when the casino tries to reassure me in various ways. They say personal data can be deleted at a later date - but who can verify it has been deleted and we are all just trying to believe. Therefore - I don't have accounts at many casinos for the sake of personal data security, unless the casino no longer asks for KYC.

[imamusma]

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There are risks when sharing personal data through KYC with casinos, but the only thing we can do is trust them. We should also choose a casino with a good reputation, and never had any problems regarding data leaks. Personally, I have performed KYC with several trusted casinos, and fortunately, so far, I haven't had any issues. Furthermore, I suspect casinos are reluctant to force their users to undergo KYC, but we know they are forced to do so due to the rules, or regulations. Essentially, I wouldn't have a problem with it as long as they can maintain trust, and if the intention is for the greater good. Cmiiw.

Perhaps if it weren’t for regulations, casinos would also be reluctant to create additional work by requiring KYC from every visitor. I think every official casino has a fairly good security system, and they must also comply with regulations to protect user data. So I feel quite comfortable doing KYC, even though in basically, if given a choice, I wouldn’t want to do it. I agree that all of this is for the greater good, as a matter of regulatory compliance.

[dimonstration]

To be honest - I am not comfortable with the casino terms and conditions especially the KYC issue. I really doubt the security of my personal data there in the long term - even when the casino tries to reassure me in various ways. They say personal data can be deleted at a later date - but who can verify it has been deleted and we are all just trying to believe. Therefore - I don't have accounts at many casinos for the sake of personal data security, unless the casino no longer asks for KYC.

Potential leak of KYC  is always there since even popular brand sometimes experienced exploit and I believe some casino experienced a leak of personal details in the past so there’s no casino can assured a complete safety of KYC records.

This is the risk we are taking when undergoing KYC on various casino and this concern me too since some of the casino in the past that I do KYC turn into scam or makes their reputation poor.

[nelson4lov]

I don't think anybody likes submitting their KYC data to any casino or sportsbook. Personally, I try to stay off KYC checks for as long as possible. But eventually, when it becomes situational or when push comes to shove and there is no other option to get around withdrawing a huge profit, I will do it. I have met people that often vow that they'd never submit kyc to any platform or provider often folds whenever it becomes a mandatory action.

If there's no need for it then I don't submit it at all.

[Charles-Tim]

I don't think anybody likes submitting their KYC data to any casino or sportsbook.

Stake.com (Stake.us for users living in United States) do not allow people to gamble unless they get verified. Even before someone that just registered can deposit coins or fiat on Stake, the person will need to first get verified. But Stake remain one of the largest crypto gambling sites. So I think some people like to get verified.

[Miles2006]

Several situations reports are being made accusing casino for not keeping personal data private, sometimes information shared with many casino are not safe but, I’m not trying to generalize the situation obviously casinos with good intention are still out there. Personally why not avoid casinos requesting for KYC first if you’re not comfortable with it, many reports as such sharing customers data is the major problem why information will forever be kept private from casinos meanwhile few gamblers are into the system so they can easily differentiate between genuine and fake casino, other than the fact a reputable casino will not disclose any private information about customers.

[Mate2237]

Every Casino has their rules and regulations that guides them, there are Casinos that require KYC while others don't. So for anyone who is not too comfortable with sharing their personal information online it's better that you avoid Casinos that will tell you to do KYC on the long run either as a result of your winning or other reasons. It's important that before you use any Casino for betting try and find out if the Casino is requiring KYC or not.



KYC is fast becoming an issue because, almost every Casino is getting your personal data and this is something of concern . because trust is one thing that doesn't come easily. security is one vital thing that should be of concern , the reason for people trying to object into the idea about KYC.

[coin-investor]

Most of regulated casinos have clause in their Terms and conditions that they can block the account and ask for personal data if they find users activity suspicious or even for no reason at all.

It's standard procedure; it's a safety net; it's not exclusive to casinos. You cannot cheat casinos and get away with it. Before flagging you, you have a chance to defend yourself, and KYC is one of the ways to do it.

I have always been careful about sharing my personal data with such services. Not only because they can misuse my data, but I don't have any control of who can access my personal data. Also I don't know who they share it with and finally some unhappy employee can collect that data and sell it on black market.

How sure are you of this scenario? If you have concerns, then ask the support about how protected your information is on their platform, but a reputable casino, based on their license, will protect their users' credentials, so play only on a reputable site like Stake.com, so you will have nothing to worry about your credentials

[Joy- maker]

The thing there is, there are some persons here who can willingly share their data to  gambling platform's or casino's without bothering who the casino or gambling platform is going to share their data with. and there are also some set of persons here who can't willingly give out their data to  platform's or casinos, because they like privacy and they care a lot who the casinos going to share their data with, but the thing there is some gambling platforms and casinos has preserved that people prefer and enjoy gambling on  platforms that is kyc free so for that reason a lot of gambling platforms and casino's are now writing on their platform that they are kyc free platform's why they are not, they are just writing those things on their platform's just to attract customers which does not make sense, and I don't see any reason to be miss informing people that they are kyc free platforms why they are not, and this behaviour a lot of casinos and gambling platforms are doing it, although at first during the registration process they can give you that benefit of doubt not to request for kyc, but when you want to withdraw your wins all of a sudden they will start requesting for kyc before they can allow you withdraw your money which is very bad, because they are not being genuine.

[criptoevangelista]

when I see that it is a serious service, a serious casino, a serious website, I provide my data and that’s it.

This should be the key word for people who still have a phobia for giving their details online. What you should be concerned with mostly is the reputation of the casino. If it is a new and unknown casino, I can understand the fear because there is no much trust, but when it is a casino that has been in business for a long time, and has built up a good reputation for themselves, is there any need being afraid? I do not think so. People who are also afraid about sharing their data with online casinos need to understand that it is not something new, but something that has been happening for a while as long as casinos are concerned so maybe that should help reduce the fear they have.

Exactly, if the casino has a good reputation, is well known, and usually pays out winnings correctly, there is nothing to fear. I believe that if it were up to the casinos, they would simply let you connect your wallet anonymously and play, but regulatory pressure forces them to ask for documentation. I think that is acceptable, and I am not afraid at all to provide documents if the platform has a good reputation.

[Hazink]

I'm not actually that comfortable sharing my data with third parties, but this is now the world we are in. It's no longer something you can decide on unless you don't want to gamble. Some of us have sold out our privacy for the purpose of enjoying whatever is the reason why we use the casino, be it the fun or the possibility of making some extra cash.