As we know, many gambling sites have Kyc requirements when making withdrawals. Some people may not have a problem with this condition, but some people think differently about doing Kyc. Some people refuse to fill in their Kyc data for fear of being misused. That's a natural thing, but is the worry too much?
Kyc actually has a function to prevent dangerous actions, such as money laundering. In addition, Kyc can also protect customers from account breakers.
Now there are several gambling sites that do not require Kyc to withdraw funds. That's good news. But I don't know if big money withdrawal need Kyc or not. I've never withdrawn much money.
Are you one of those who agree or refuse to fill out kyc on gambling sites? So far, the Kyc that you have filled in on the gambling site is safe? I've never had a problem with the Kyc that I filled out at the gambling site. Have you ever felt cheated from Kyc submitted?
I can understand why some people do not like to share KYC type documentation, because it's almost impossible these days to find a gambling type site that will not ask for it. Simply because any trustworthy site will most likely be based in a jurisdiction that has financial reporting laws and the owners have a responsibility to make sure that information is gathered. There are plenty of reasons that people may not want to submit to KYC, but it might make these gambling sites off limits to them, simply because criminals are able to use these sort of sites as a money laundering strategy to wash the source of their funds, at least depending on how the site is setup - if it uses individual wallets then in theory the money is still potentially traceable, but if it mixes in a central wallet it is not.