Are you comfortable with sharing KYC data with casinos?

[ovcijisir]

I don't really support the idea of sharing KYC information with an online casinos because who knows what they will use the information and do when they are not more in operation.

Besides storing information what else can casino do with our passport and ID scans? Do you think they will on purpose or themselves contact your local tax authorities and provide all the information about your deposits and withdrawals? Do you think that one day person who is responsible for data bases and information will make a slot on dark market with archive of private documents? Or same person will try using your documents try to gain access to your accounts on other platforms?

First, there is risk of data leakage. The casino can have best will to store the data safely, but every database can be hacked and subsequently sold on the black market.

To inform about consequences about personal information leak I suggest following article:
What happens when your identity is stolen -- real story || Avoid CEXs!

It is said also that "It didn't happen after using a centralized exchange". The idea of this story is to warn people from uploading documents everywhere. But casino isnt "everywhere". Imo they are more secured that other places where people upload their documents. First thing that came to my mind are travelling agencies or rentals (the one that are not branded; some local with old cars, which foreigners prefer due to low price). People freely give them to copy documents or send by email. Those places are unsecured and should be avoided. Casinos imo are more protected from hackers. Moreover, for hacker, money would be a priority to steal.

Thanks for the link, it is pretty interesting read. As for uploading documents, I agree that one avoid uploading documents, but in my opinion this includes casinos.To be honest Id be vary to upload documents anywhere, including state institutions. One weak point or dissatisfied employee is enough to get personal data leaked.

[bakasabo]

I don't really support the idea of sharing KYC information with an online casinos because who knows what they will use the information and do when they are not more in operation.

Besides storing information what else can casino do with our passport and ID scans? Do you think they will on purpose or themselves contact your local tax authorities and provide all the information about your deposits and withdrawals? Do you think that one day person who is responsible for data bases and information will make a slot on dark market with archive of private documents? Or same person will try using your documents try to gain access to your accounts on other platforms?

First, there is risk of data leakage. The casino can have best will to store the data safely, but every database can be hacked and subsequently sold on the black market.

To inform about consequences about personal information leak I suggest following article:
What happens when your identity is stolen -- real story || Avoid CEXs!

It is said also that "It didn't happen after using a centralized exchange". The idea of this story is to warn people from uploading documents everywhere. But casino isnt "everywhere". Imo they are more secured that other places where people upload their documents. First thing that came to my mind are travelling agencies or rentals (the one that are not branded; some local with old cars, which foreigners prefer due to low price). People freely give them to copy documents or send by email. Those places are unsecured and should be avoided. Casinos imo are more protected from hackers. Moreover, for hacker, money would be a priority to steal.

Thanks for the link, it is pretty interesting read. As for uploading documents, I agree that one avoid uploading documents, but in my opinion this includes casinos.To be honest Id be vary to upload documents anywhere, including state institutions. One weak point or dissatisfied employee is enough to get personal data leaked.

The larger the company is, the closer control over the work of employees is. For example at work I work with lots of third-party data and private data. Every search and request in system is being recorded. If I would be that one dissatisfied employee and cause damage to company by stealing or sharing other people data. It will be easy to identify when and what I did, as well as not hard to find me personally (I hope not ). In other words it is easy to catch and punish me. Casino, as a place that works with large amount of money, work with risk and have thousands and thousands of customers, chances that documents could vanish, and nobody would get caught or be responsible for that, are very low. As usually, nothing gives 100% guarantee and there is a place for exceptions. But I believe that casinos are not top places where users private data could leak easy.

[Doan9269]

To be honest, many will see sharing KYC information with the casino as out of it, because it does not give them the protection needed, when it comes to individual integrity to personal information, we cant prevent these platforms form doing anything they wish with all our information with them, however, the claim they made is to help us protect our account, but unfortunately, things have gone pass all these today because of data leak.

[Satofan44]

It is said also that "It didn't happen after using a centralized exchange". The idea of this story is to warn people from uploading documents everywhere. But casino isnt "everywhere". Imo they are more secured that other places where people upload their documents. First thing that came to my mind are travelling agencies or rentals (the one that are not branded; some local with old cars, which foreigners prefer due to low price). People freely give them to copy documents or send by email. Those places are unsecured and should be avoided. Casinos imo are more protected from hackers. Moreover, for hacker, money would be a priority to steal.

Except what you wrote is also incorrect, even if your advice is alright. You are contemplating several things that have nothing to do with each other. Most people are dealing with travel agencies and rentals in person, unless they chose to do it otherwise, and in this case instead of digital uploads a physical scan can do. Unless they are for some reason doing extra work, and digitizing these scans, they are more secure than most digital solutions. As far as email document sharing, sometimes it is even official government locations that request that you send it this way -- they won't accept encrypted or even watermarked documents. But you can't compare things that one needs such as government-related stuff, or transport capability with something that is completely optional. Furthermore, your claim that "casinos" are more secure is completely made up. Most of these casinos, similar to CEXes, run on very badly engineered software that has countless holes. Furthermore, they do not have any strict data storage or retention practices. I doubt that there are many or any travel agencies that have the number of documents that a big casino or CEX has. Not even close.

The larger the company is, the closer control over the work of employees is.

This is not necessarily true, don't make unnecessary generalizations.

Casino, as a place that works with large amount of money, work with risk and have thousands and thousands of customers, chances that documents could vanish, and nobody would get caught or be responsible for that, are very low. As usually, nothing gives 100% guarantee and there is a place for exceptions. But I believe that casinos are not top places where users private data could leak easy.

You are again confusing things. Nobody needs to "vanish". An attacker does not even need to do a real hack of anything. They just need to convince one third world, lowly paid idiot employee that has sufficient access to give them to it. This can be done through coercion, persuasion, bribery, trickery, many methods. Stop defending casinos in this topic, as your defense is completely misplaced. KYC is a scam, and casinos are very vulnerable.

[Hispo]

To be honest, many will see sharing KYC information with the casino as out of it, because it does not give them the protection needed, when it comes to individual integrity to personal information, we cant prevent these platforms form doing anything they wish with all our information with them, however, the claim they made is to help us protect our account, but unfortunately, things have gone pass all these today because of data leak.

Well, if we are honest with ourselves and if casinos were also more transparent with what they do with our information then they would clearly say that they do not actually use that data to protect our accounts, they rather collect it because they need to legally protect themselves from accountability.

They need to prove their local government that they are not allowing criminal  organizations to launder money and fund their operations around the globe.

If there were no regulators asking casinos to push for AML policies, then casinos would not ask for our KYC information at all and our account would remain untouched and safe.

[Julien_Olynpic]

Unfortunately, no matter how we feel about KYC, in most cases, if we're present in the gambling industry, we'll be forced to undergo this procedure. Therefore, we have to treat it as (yet another) unpleasant medical procedure. I doubt it's even possible to create a fully decentralized casino, or especially a bookmaker, that wouldn't require KYC from users. Betting platforms like Polymarket partially follow this policy, but even then, clients with large winnings may be required to complete KYC. Therefore, answering the question of the topic's author, I wouldn't say there's any comfort in this. It's simply a necessary procedure, which is always uncomfortable, but what can you do?

[Smartprofit]

Unfortunately, no matter how we feel about KYC, in most cases, if we're present in the gambling industry, we'll be forced to undergo this procedure. Therefore, we have to treat it as (yet another) unpleasant medical procedure. I doubt it's even possible to create a fully decentralized casino, or especially a bookmaker, that wouldn't require KYC from users. Betting platforms like Polymarket partially follow this policy, but even then, clients with large winnings may be required to complete KYC. Therefore, answering the question of the topic's author, I wouldn't say there's any comfort in this. It's simply a necessary procedure, which is always uncomfortable, but what can you do?

In my opinion, this logic is unacceptable. 🤷 Our personal data (including biometric data) is our property and the foundation of our identity. This is incredibly important to understand, especially now that the internet is teeming with bots and scammers. If you don't protect your personal data, you risk becoming a victim of future attacks that you won't be able to avoid.

For example, in the future, you might find yourself at an airport in some country... You might be arrested right at the foot of the plane. Simply because your personal data was used by criminals to commit a serious crime. If you constantly undergo KYC on various online platforms, you won't even be able to tell the investigator during questioning how exactly these criminals accessed your personal data.

I categorically refuse to compare the KYC procedure to a routine medical procedure. I also disagree with the idea that any medical procedure should be performed without a serious medical indication. For me, my body is a temple.  Yes, I undergo certain medical procedures, but I always try to minimize the harm they may cause to my body. Any medical procedure is a necessary evil. If it can be avoided, it should be avoided.

As for the KYC procedure, in my opinion, it is an absolute evil. These procedures violate my fundamental rights to anonymity and confidentiality, to privacy. Therefore, under no circumstances am I willing to undergo KYC at an online casino.

[Yablee0]

Op Transactions made through accounts without KYC are completely risky. The main reason for doing KYC is to protect your wallet or account from scams and unauthorized access, so your access remains secure. Personally, I am very cautious about KYC. Usually, when we open a wallet, we just complete some captcha s and the wallet becomes fully active. But that is not where the process truly ends. At the time of withdrawal, KYC is requested, which means the platform wants to ensure that no one other than you can withdraw or transact with the funds in your wallet. In my opinion, completing KYC and then carrying out transactions is very important. It helps keep your account or wallet safe and secure.

Completing kyc in all this online casinos is very essential because it enable the gambling platforms in knowing their customers just as the name implied. KYC help in tightening our account in terms of security from scammers to easy accessing our online betting account.

I have a guy that once complain to me that someone ( his cousin precisely)  broke into his online betting account and place a huge bet without his consent or notice and how this happens was still a big shock to him because he has never for once disclose any of his login details to his surpose cousin. However, if that account in question was already verified and every kyc requirements has been reached their wouldn't have been any way such incident would have taken place because some certain information like facial verification and other informations  would have been requested before granting access. So to an extend kyc is very crucial and needed to keep us safe from unauthorized access to our account an stuff like that.

[shawonngp]

Op Transactions made through accounts without KYC are completely risky. The main reason for doing KYC is to protect your wallet or account from scams and unauthorized access, so your access remains secure. Personally, I am very cautious about KYC. Usually, when we open a wallet, we just complete some captcha s and the wallet becomes fully active. But that is not where the process truly ends. At the time of withdrawal, KYC is requested, which means the platform wants to ensure that no one other than you can withdraw or transact with the funds in your wallet. In my opinion, completing KYC and then carrying out transactions is very important. It helps keep your account or wallet safe and secure.

Completing kyc in all this online casinos is very essential because it enable the gambling platforms in knowing their customers just as the name implied. KYC help in tightening our account in terms of security from scammers to easy accessing our online betting account.

I have been gambling on some reputable casino sites for the past few years, but no casino site has asked me for KYC yet. It may be that I haven't won big yet, so I don't need to submit KYC. KYC is not required for all, except big gamblers. Now, if you want to use a centralized exchange, you must first verify your account with KYC, then you can trade & withdrawal, it’s very rare to find a non-KYC CEX. There are both advantages and disadvantages to KYC verification. If you submit KYC to random casino sites, your documents can be leaked, so many people aren’t able to verify their accounts because they are afraid of having their documents leaked.

[ovcijisir]

~
I have been gambling on some reputable casino sites for the past few years, but no casino site has asked me for KYC yet. It may be that I haven't won big yet, so I don't need to submit KYC. KYC is not required for all, except big gamblers.
~

That is not my experience. I only deposit smaller amounts (equivalent of max 100 USD) and still I triggered KYC on one big online casinos. I noticed it because my withdrawal request vas pending for long time, and finally I found out that I need to complete KYC in order to have withdrawal request completed. The amount of funds that was withdrawn was not very big (20 or 30 USD) and honestly I don't know what triggered KYC. So no, I don't think that KYC is reserved for big players as ordinary players can be asked to complete KYC too.

[Satofan44]

Unfortunately, no matter how we feel about KYC, in most cases, if we're present in the gambling industry, we'll be forced to undergo this procedure. Therefore, we have to treat it as (yet another) unpleasant medical procedure. I doubt it's even possible to create a fully decentralized casino, or especially a bookmaker, that wouldn't require KYC from users. Betting platforms like Polymarket partially follow this policy, but even then, clients with large winnings may be required to complete KYC. Therefore, answering the question of the topic's author, I wouldn't say there's any comfort in this. It's simply a necessary procedure, which is always uncomfortable, but what can you do?

Complete bullshit and backwards logic, don't write this dangerous crap here. KYC is nothing unlike a medical procedure. There is no reason to do KYC, and if you are asked to do KYC find ways to get around this no matter what. The only reason why we find ourselves in situations like this is because many people complied unnecessarily like you are proposing here. It is completely wrong to claim that it is a necessary procedure, it is not. Just because some idiots are requesting you to do this, whether for legal or otherwise reason, that does not make it "necessary".

In my opinion, this logic is unacceptable. 🤷 Our personal data (including biometric data) is our property and the foundation of our identity. This is incredibly important to understand, especially now that the internet is teeming with bots and scammers. If you don't protect your personal data, you risk becoming a victim of future attacks that you won't be able to avoid.

You are absolutely right, the logic is just wrong. The people that confirm to the system are some of the worst people that exist today. They are the ones that will be on the front line and supporting all 1984 regulations that will lead us to a totalitarian nightmare. There are many people even today defending the massive data collection both by private companies and by governments.  

For example, in the future, you might find yourself at an airport in some country... You might be arrested right at the foot of the plane. Simply because your personal data was used by criminals to commit a serious crime. If you constantly undergo KYC on various online platforms, you won't even be able to tell the investigator during questioning how exactly these criminals accessed your personal data.

It doesn't even have to go that far, you will be arrested because you wear mean to someone in a chatroom.

As for the KYC procedure, in my opinion, it is an absolute evil. These procedures violate my fundamental rights to anonymity and confidentiality, to privacy. Therefore, under no circumstances am I willing to undergo KYC at an online casino.

It is pure and absolute evil that does not do anything at all except violate fundamental rights and enable mass level surveillance. KYC does not at all prevent any kind of money laundering or crimes, these reasons are complete bullshit. KYC can be purchased from any country in the world for less than $500. Furthermore, criminals can easily force people physical to complete any kind of KYC and use their accounts to do whatever needs to be doing. It is completely moronic to think otherwise, and the data on these topics confirm it.

That is not my experience. I only deposit smaller amounts (equivalent of max 100 USD) and still I triggered KYC on one big online casinos. I noticed it because my withdrawal request vas pending for long time, and finally I found out that I need to complete KYC in order to have withdrawal request completed. The amount of funds that was withdrawn was not very big (20 or 30 USD) and honestly I don't know what triggered KYC. So no, I don't think that KYC is reserved for big players as ordinary players can be asked to complete KYC too.

Well, there are both completely separate cases and both are true. There are ways to trigger KYC that are not related to the amount, and there are cases where KYC is triggered primarily because there is a large winning involved.

[Onyeeze]

It is obvious that if a casino platform notice a suspicious account they will demand for verification and that verification will be attached with your important documents such as driver's license and their national ID card, but it seems that so many gamblers always touch to document of verify their accounts but I don't know the reason behind it why some of them don't like will verify their account when a gambling platform demands for verification, so something I noticed is that if someone is not cheating in a gambling platform I don't think that the person will find it very difficult to verify his account, like as I said before,some gamblers dont like to showcase their data

[Emeraldo]

~
I have been gambling on some reputable casino sites for the past few years, but no casino site has asked me for KYC yet. It may be that I haven't won big yet, so I don't need to submit KYC. KYC is not required for all, except big gamblers.
~

That is not my experience. I only deposit smaller amounts (equivalent of max 100 USD) and still I triggered KYC on one big online casinos. I noticed it because my withdrawal request vas pending for long time, and finally I found out that I need to complete KYC in order to have withdrawal request completed. The amount of funds that was withdrawn was not very big (20 or 30 USD) and honestly I don't know what triggered KYC. So no, I don't think that KYC is reserved for big players as ordinary players can be asked to complete KYC too.

It must be that you could not read through the casino terms very well for you to know that they might ask you for a KYC verification at anytime they like if they suspect anything. This is the kind of word I don't like to hear and it can be misleading.
There are casinos that will never ask for a KYC verification from users and those casinos are not really known everywhere before the government will bounce on them for a compulsory KYC verifications from players from their regions.

[ovcijisir]

~
I have been gambling on some reputable casino sites for the past few years, but no casino site has asked me for KYC yet. It may be that I haven't won big yet, so I don't need to submit KYC. KYC is not required for all, except big gamblers.
~

That is not my experience. I only deposit smaller amounts (equivalent of max 100 USD) and still I triggered KYC on one big online casinos. I noticed it because my withdrawal request vas pending for long time, and finally I found out that I need to complete KYC in order to have withdrawal request completed. The amount of funds that was withdrawn was not very big (20 or 30 USD) and honestly I don't know what triggered KYC. So no, I don't think that KYC is reserved for big players as ordinary players can be asked to complete KYC too.

It must be that you could not read through the casino terms very well for you to know that they might ask you for a KYC verification at anytime they like if they suspect anything. This is the kind of word I don't like to hear and it can be misleading.
There are casinos that will never ask for a KYC verification from users and those casinos are not really known everywhere before the government will bounce on them for a compulsory KYC verifications from players from their regions.

To be honest I rarely check TOS and I admit it is fault from my side. I just hate to read pages of legal phrases when it can all be explzined with one sentence.

One other thing is that some casinos are intentionslly vague with their terms and conditions (untransparent kyc policy, unknown minimum witgdrawal amount etc.) and catch you off guard later usually when you want to withdraw the funds. To me it is borderline scam.

[Satofan44]

To be honest I rarely check TOS and I admit it is fault from my side. I just hate to read pages of legal phrases when it can all be explzined with one sentence.

This is done intentionally, and while some idiots may try to defend these practices as a necessity for legal reasons -- they are not. There is no reason why two versions of the TOS could not be provided, a simpler one that is not legally binding but is essentially an simplified interpretation of the key points, and another one that is the standard long and complex legal TOS. With these, both things would be satisfied. Users would more likely read the TOS and at least understand the main points that are relevant to them, those that want more detailed information could go to the legally binding TOS and explore it should they choose to. Lastly, from the side of the casino there would be no issues since they are still defaulting only to the legally binding traditional TOS -- the other one is just an helpful interpretation for the users.

One other thing is that some casinos are intentionslly vague with their terms and conditions (untransparent kyc policy, unknown minimum witgdrawal amount etc.) and catch you off guard later usually when you want to withdraw the funds. To me it is borderline scam.

It is a borderline scam, but I would not single out casinos because this is happening in many places and in many ways. I'll give you some examples, and we start from our very dear centralized exchanges. There are some that have limits for an unverified account, and generally you can use it because they essentially handle this part of trading as a DEX. Since they are not touching fiat in this case, they don't have to ask you too much upfront. However, there are many reasons for which a KYC ask can be triggered. We are not talking about receiving coins from a tainted address and something obvious as that. We are talking about innocent things that can trigger them to ask for KYC. If you were working under the assumption that you can do the operations that you wanted without KYC, and would not do KYC in any case, you essentially have coin that is stuck now. That is a scam, because in the case where the platform is entirely transparent and honest they would just refund you back what you put into it. Sometimes they would have to trade back, for example if you traded some stablecoin deposit to BTC and now you got asked for KYC. They could trade it back and send you back the stablecoin minus the fees incurred. Nobody does this, and almost nobody seems to care about these things. The similar story is with swap platforms.

Even in traditional sectors like banking you have these things, and the reason why I mention "innocent things" is because in many of these cases if you provide information/evidence it gets unlocked and normal which means that the trigger was false (compared to receiving coins from crime for example, where the trigger would be accurate). The only real difference with this is that the banks have had more time to mature these systems, or well maybe they put more resources and will into maturing them, and they have created a better balance of security and compliance even if they are subject to stricter regulations than some CEX is.

[dimonstration]

One other thing is that some casinos are intentionslly vague with their terms and conditions (untransparent kyc policy, unknown minimum witgdrawal amount etc.) and catch you off guard later usually when you want to withdraw the funds. To me it is borderline scam.

This is correct and it’s almost nonsense to read the ToS just to check their KYC terms because they will surely required that if they are a licensed casino.

Licensed casino automatically gives an idea that they will need KYC later. Casino intentionally make their KYC terms vague to avoid discouraging users to register if they write that it was a mandatory which is the reality.

The list restricted countries are the only info I’m checking on ToS.

[rezakurnia66]

To be honest I rarely check TOS and I admit it is fault from my side. I just hate to read pages of legal phrases when it can all be explzined with one sentence.

One other thing is that some casinos are intentionslly vague with their terms and conditions (untransparent kyc policy, unknown minimum witgdrawal amount etc.) and catch you off guard later usually when you want to withdraw the funds. To me it is borderline scam.

Agree with you, all gambling user actually read full about the term of service any gambling before registering and checking about KYC requirement or not, sometime many gambling casino not transparency about the amount withdrawal not require KYC, although you got the casino allow for user without KYC but they have an exceptional when huge amount withdrawal.

Need to know clearly about regulation from casino since the first time registering are require KYC or not despite the amount for withdrawing, its still difficult to find at several casino right now has permanent regulation.

[Wakate]

That is not my experience. I only deposit smaller amounts (equivalent of max 100 USD) and still I triggered KYC on one big online casinos. I noticed it because my withdrawal request vas pending for long time, and finally I found out that I need to complete KYC in order to have withdrawal request completed. The amount of funds that was withdrawn was not very big (20 or 30 USD) and honestly I don't know what triggered KYC. So no, I don't think that KYC is reserved for big players as ordinary players can be asked to complete KYC too.

It must be that you could not read through the casino terms very well for you to know that they might ask you for a KYC verification at anytime they like if they suspect anything. This is the kind of word I don't like to hear and it can be misleading.
There are casinos that will never ask for a KYC verification from users and those casinos are not really known everywhere before the government will bounce on them for a compulsory KYC verifications from players from their regions.

Almost 9 out of every 10 casinos wouldike to ask for KYC verification at anytime and this is in their terms of service.
Any gambler that would say or assume that a casino is likely not to ask for KYC verification must be making a mistake that should have been avoidable.

[Orpichukwu]

Unfortunately when big institutions started to buy crypto and when crypto ETFs started, that was the end of crypto as we knew it. After that year after year regulations get stricter and attacks on anonimity gets stronger. That is quite the opposite of ehat crypto was all abouy in beginning. The way it is headed now Bitcoin will serve as a store of value for big institutions. I really hope that Im wrong.
.

When we wish for institutional and government involvement in crypto, these are part of what it gives us, not their money. The stricter KYC we are seeing today is not as a result of them trying to protect investors, but, as we all know, it's an indirect way to say, 'Unless you buy through centralised means where they can have a record of you, then you are doing something wrong.' Gradually, fiat control is what the government wants to bring to crypto. I also join you in hoping we are all wrong.

[Jewan420]

I am not worried about data theft at reputable casinos, I think the data is safe and confidential. But doing KYC is less of a hassle for me. It annoys me when they reject the data as incomplete and ask me to re-enter it. It is very annoying for me. So I try to avoid KYC as much as possible, not that I am afraid of data theft.

Since I am an irregular gambler and gamble very rarely, I do not have much reason to worry about it. But going through KYC for any account seems annoying to me, even when I am opening a CEX account.