Post
Topic
Board Gambling discussion
Re: Gambling with Fiat or Crypto?
by
MyIdeas
on 17/01/2020, 18:22:05 UTC
Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.


I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.
Same here too, I haven't experience that too. Though I feel maybe the this could be particularly on new gambling sites or when the user IP location are dictated to be from certain countries. Most especially countries where crypto gambling are prohibited. Though, on a general note sometimes collecting KYC on crypto gambling kinda makes no sense.
If they will collect information, that means they are not a crypto gambling site.

it should be this way.
FIAT casinos collection information for KYC while crypto casinos does not. it's hard to mix both in one single casino as there's a chance in the long run that they will be strictly requiring information as they are already registered by the government.

if I have to choose, I want pure anonymity like directbet in the past.
Yeah in crypto you will remain anonymous and no one would be able to know about your identity, people love it and it’s sign of safety for them but I think gaming with crypto is not good choice because we should store crypto while use fiat for gambling and it makes both side earning, crypto is expensive investment for gambling I know out put will also be bigger but in gambling there is always risk, BTW it’s not suggestion but only my opinion.
It is also possible that you convert your fiat in crypto and gambling with your cryptocurrencies. It is right that if we will save our cryptocurrencies then we will also get a profit and in gambling we get profit too but in gambling we take risk of either win or lose while in saving crypto we get confirmed profit if we hold for long time. So better Idea is that we invest all of our money in cryptocurrencies and we gamble only with a small amount of money just for our entertainment.