why some players still fear kyc?

[Finestream]

On the other side, there are people like me... I simply don't like the hassle! The KYC process is boring, and if I can, I will avoid it...

Me too, I always prefer playing in a casino that doesn’t require KYC, even if they’re regulated. But let me ask you something, have you ever actually submitted KYC to any casino in your whole gambling life?

[Anayochukwu]

Some gamblers avoid KYC because they’re scared their info might get leaked. But if you think about it, any legit casino knows that leaking customer data is basically killing their own business. No company throws away millions just to expose a few IDs.

The real key is choosing a reputable casino, the kind that actually has something to lose if they mess up. If the platform is established and trusted, the risk is far lower than what most players imagine.

I don't see any reason why a gambler would be scared of KYC because there is no how a reputable casino that knows the implications would expose your IDS, it's not possible at all because they are there for business and they will definitely do everything possible to secure their customers. So I don't see anything to worry about because it is only when you go the wrong casino that you would be scared of your informations, without that KYC is a normal thing.

[casey15]

No matter how you see it, these data will still be shared with third party.. apart from making money from the casino itself, they trade user data to third party that are interested.. though some of them have restrictions to the type of data they share, none the less the data are one way or the other shared.. that is the major concern for me...bank however are government regulated unlike casinos that are online. Like where I come from, the Fintech banks we have are insured by the government to make sure your money is safe and your identity are secure

[Sim_card]

For me, I don't have any problem in submitting my documents for KYC when using a the casinos because I exoect to win and cash out my win easily without any stress. We are in a centralized world, and everything is done in a centralized way. At least, we have bitcoin for decentralization sake. It's only bitcoin I used in a decentralized way but the rest things are centralized.

[viljy]

All other things being equal, KYC should always be avoided. This means choosing a casino where it is not required, or a casino that is loyal and will require it only in an exceptional case, for example, to verify age or with a very large win. I don't think many people will turn down a big win if they are required to pass a check? In general, it's really worth fearing not so much that the casino will transfer the data somewhere there, but hacking.

Although in fact, most often employees of organizations trade data. Moreover, this is typical not for casinos, but for the largest banks, mobile operators, etc.  The problem here is not the poor work of the security services. This is generally an unsolvable problem in a society that has been hammered into its heads for two hundred years that everything is for sale and everything is for purchase. Well, that's the result. You can't trust anyone or anything. There is absolutely nothing reliable, controlled by humans. That's exactly why cryptography appeared, and subsequently cryptocurrencies based on mathematics rather than trust.

[Botnake]

For me, I don't have any problem in submitting my documents for KYC when using a the casinos because I exoect to win and cash out my win easily without any stress. We are in a centralized world, and everything is done in a centralized way. At least, we have bitcoin for decentralization sake. It's only bitcoin I used in a decentralized way but the rest things are centralized.

You’ve been here since 2023, so for sure KYC was already being implemented by some casinos at that time, or at least you were already aware of it. But I’ve been here since 2016 -  I actually witnessed and played in different casinos back when dice sites and sportsbooks were separate, and there was zero KYC. Sports betting and casinos weren’t even integrated yet, and everything felt truly “crypto-style.”

So for me, the change is huge. Casinos now feel more like financial institutions. But do I have a choice? No. If I want to keep playing, I just have to adapt to the situation.

[iv4n]

On the other side, there are people like me... I simply don't like the hassle! The KYC process is boring, and if I can, I will avoid it...

Me too, I always prefer playing in a casino that doesn’t require KYC, even if they’re regulated. But let me ask you something, have you ever actually submitted KYC to any casino in your whole gambling life?

Of course, I did... I wrote about it in some ANN threads. Some casinos are KYC mandatory, so we can't play (deposit & withdraw) unless we complete KYC first. And some casinos became mandatory KYC along the way (Stake, Roobet...), so we needed to complete KYC if we wanted to continue playing. It's a tricky part, especially if you are a high-level... to abandon all that playing & wagering, or simply to complete KYC and keep all that?

By the way, it's also tricky to play if you are not able to complete KYC at any moment... All crypto casinos can ask for KYC at any moment for all sorts of reasons... So, imagine you make some nice profit (win big), or you play with big amounts, and the casino asks you for KYC? You can stay without money if you can't complete it...

[FFrankie]

It’s not about the casino itself leaking it on purpose. There are a ton of ways its information could get leaked: a rogue employee, a computer glitch, an outside hack. That’s what everyone is afraid of, not that a casino would willingly give up its customers information.

[TopTort777]

Players fear KYC because someone told them it is scary to pass it, because they have read many stories in the Internet that documents are traded to a-really-bad-guys. People have never had any issues with documents, most of them dont have significant amount of money to lose, but they fear to upload documents. However, for a free plastic bag, coffee, smile they are ready to give up full identity offline, subscribe for bs they dont need, for a tiny discount, anything that will decrease original price or "promise something".

[xLays]

I think there are only two possible reasons for that. One is that personal data might get leaked and used for illegal or fraudulent activities. The other is that some people are doing suspicious activities, like using multiple accounts, which online casinos strongly prohibit.
But I think most people are afraid of KYC because they worry that their personal information might be leaked. If the casino is well known and reputable, you usually do not have to worry too much about your personal information.

If the casino is new or unfamiliar, it is better to avoid submitting KYC documents if possible.

[Agbamoni]

The casino business is a profit and loss business, but they make more profit than they lose. Irrespective of the profit they make, sometimes it is never enough for them. Now, what if they can make profits without losing any money by selling the IDs? I know most unreliable casinos do think this way, and the gamblers never find out. All they know is that a platform they signed in for has probably sold out their info without their permission. It can be hard to trace whether the casino is the dealer.

[Dr.Bitcoin_Strange]

Well, I think I know what those people are scared of, they are scared that when their information goes online it's not 100% secure again and they don't want to risk it. It's not about trusting the reputation of the casino but also knowing that the casinos have staffs who can snitch on someone's information and that's usually the case in some situation. In another case, the casino could also be attacked and that can cause some customers information to be leaked. Those that doesn't want to do KYC are just scared of their details not being 100% secure again.

[Versatile_choice]

Whoever that is scared of putting his details in a gambling site have a reason for doing that, and I can't necessarily blame them for doing that because the rate of scammers in the internet lately is beyond measure.  putting our details in a gambling platforms is a big risk irrespective of the year it's been created and also thier reputation. Because I believe that anything can happen at anytime because the creators are just human beings like you and I so they are not to be 100% trusted even though some people might be okay with it but whoever that chooses not to take such risk is not actually making a mistake.

[shinratensei_]

Those players are scared by the bullshit horror stories told by others like site hacked or something else. However, i think it's just a myth. Even when people said their identity may got leaked, but who the hell is gonna use their identity? I meant if it's related to the CC, CVV or another sentive information, that's fine to fully concern with their identity
In the end, even if people are preferring not to comply with KYC. If they win big, they have to pass it.

Even the bank sold our identity to the marketing agencies that keep spammed our phone everyday.

[mak013]

Some gamblers avoid KYC because they’re scared their info might get leaked. But if you think about it, any legit casino knows that leaking customer data is basically killing their own business. No company throws away millions just to expose a few IDs.

The real key is choosing a reputable casino, the kind that actually has something to lose if they mess up. If the platform is established and trusted, the risk is far lower than what most players imagine.

Any online casino can be hacked. But the same time any online service can be hacked and we share our data not only for casino. I`m sure that my data was stolen at least three times(and i`m enough accurate user) and it wasn`t casino. At least once it was a bank.
What changed in my life? Nothing. A has few additional spam call per week, that`s all.

PS. It doesn`t mean that we can share all our data for everybody who asks. But extreme fear of KYC is too silly as for me.

[panjul07]

Gamblers do not want to pass KYC in casinos is not always because they are afraid that their data might get leaked, it is all about preferences.
I'll use myself as an example, I'm not worrying about leaked data but I do care about my privacy when it comes to gambling.
Doing KYC later is not a big deal for me especially there is a good reason for me to accept it such as that I wont be able to play again in my favorite casino if I do not do it or if it is asked because I request a huge amount of withdrawal.
Now I prefer to avoid any casino with mandatory KYC where I have to submit my personal documents before I make my first deposit or even after registration.

[|MINER|]

Some gamblers avoid KYC because they’re scared their info might get leaked. But if you think about it, any legit casino knows that leaking customer data is basically killing their own business. No company throws away millions just to expose a few IDs.

The real key is choosing a reputable casino, the kind that actually has something to lose if they mess up. If the platform is established and trusted, the risk is far lower than what most players imagine.

Here is an example of why many players are afraid of doing KYC verification or do not do KYC verification for their security.
For example, we do not know the current situation of Satoshi Nakamoto, but he could have kept himself or his family safe by hiding his identity, because otherwise no one would have hesitated to kill him and his family to grab the amount of Bitcoin that is in his wallet. Similarly, if you cannot hide your identity, then of course it is a threat to your privacy and besides, in today's world, personal data is the most valuable asset and no one or even careful people want anyone to have access to their data.

And currently it is true that reputable casinos will never leak the KYC verification data of their customers, but due to dishonest employees and hacking attacks, they are basically hijacked.

[salad daging]

Players still afraid of KYC? The risk is always there even though we know the casino will not leak data to anyone still as many people say hacking can come at any time through a gap that casino security does not know so this is what is avoided.

Honestly we do too much KYC on foreign and local exchanges which is also actually worrying but we have to do it because of mandatory policies.

And for KYC at casinos, maybe 1 is enough as long as it is at a reputable casino, just don't do a lot of KYC at random casinos so the risk is always great.

[purple_sparkles]

In our age, when your data can easily be used against you, it’s not wise to treat the sharing of personal information lightly, especially with private organizations. You have no guarantees that your data won’t be sold or leaked to people who could harm you, and not only financially. You shouldn’t be careless about giving out your personal information, something that seems so small can cause a lot of trouble.

[Strongkored]

Even though they can be trusted, we still don't know how they store our data, especially since they will use third parties, which becomes a problem for players who have already provided their data. If it's possible to avoid doing KYC, it's better to play at such a casino because our data is far more valuable than trusting the casino to protect it.