Re: There are many advantages to the relationship between gambling and Bitcoin.
Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.
Unfortunately, the anonymity of gambling using crypto is something that can no longer be guaranteed in today's days.
For most players who always lose everything (like me) or who play small amounts every month, they will never need to go through a KYC.
However, in virtually all online casinos, even those that operate with crypto, you will need to perform KYC if you are a regular player who bets large sums or if you need to make a large withdrawal of money/cryptos.
But even so, I agree with you.... gambling using cryptos is still more advantageous than the traditional ones that operate with Fiat.
There are casinos that don’t do any KYC no matter how big you win. Freebitco.in is one of them. There are probably others too but I can’t remember their names now
Freebitco.in on the other hand has been around for years and they are one of the most famous casinos out there. They don’t deal with FIAT or USDT and therefore they don’t have to get any licenses to operate a crypto casino. I think more casinos should follow the same route.Of course there are more casinos who will follow this as people who gambles using crypto wants to be anonymous in betting as well. However, with the level of competition in this industry, it is really hard for these casinos to be recognized since there are already these established and most trusted decentralized gambling platform existed for quite some time.
Plus, it's really hard to trust other casinos, that's the reason why some gamblers just stick with the casinos they're most comfortable with even with the implementation of the KYC.
Indeed, there are still a lot of crypto casinos out there that doesn't need KYC.