Quote from: joniboini on Today at 11:23:02 AM

Quote from: delfastTions on January 03, 2023, 08:08:09 AM

I have long been a person who hates KYC and everything related to verifying the identity of a person when it comes to payments in cryptocurrencies. This damn KYC completely negates all the advantages of being anonymous, independent of the rotten, rotten banking system.

KYC is definitely a trouble if you care about your privacy. On the other hand, if there is a platform that claims there is no need for KYC but they have an unclear background, the chances of scams are high. Like it or not, business needs to comply with the regulation if they want to survive unless they are dealing with illegal stuff. The only choice left is a trustless platform that utilizes smart contracts to make sure the deal is fair and square. However, the tech is not mature enough judging from how often we see a platform hack or something similar like that.

It is better to do kyc because if you use a no kyc site and gamble there regularly then any time they ask you for KYC you are bound to do it so it is better to start gambling at a trusted casino site from the beginning and get KYC verified there. Well it will surely give you chance to gamble there. But if you gamble on a non KYC site then a fear will work in you that anytime they may ask you for kyc. Or your account may be compromised. So it is better to be clear from the beginning