Post
Topic
Board Gambling
Re: The Rise of Crypto Gambling: What You Need to Know
by
delfastTions
on 28/07/2023, 10:31:47 UTC
Gambling with cryptocurrency has many advantages over gambling with fiat currency. It is of the highest interest among gamblers especially for quick payouts. However in both ways a gambler has to make KYC. I don't need to worry about KYC in the best gambling platforms. Because they provide good service for which their site has high reputation. KYC is an important factor in any gambling or casino platform, online or offline. There is no option of gambling by ignoring it.
There might be some options available right now for gamblers to gamble without completing KYC verification, but there won't be any in the future, so it's better if people start getting used to the habit of completing KYC verification at trusted platforms so that they don't have issues doing it in the future. Regulations have been catching every single platform lately, authorities are even eyeing decentralized platforms to be regulated in the future, so there won't be any left.

As you said, one shouldn't really have any issues doing KYC verification at a platform that is trusted and they know it wouldn't misuse their personal information and documents, and it's better to avoid new and untrustworthy platforms if they are asking for KYC verification, if they don't ask for it, one might try them out.
Now I began to adhere to the following opinion: When it comes to gambling using cryptocurrencies, then KYC verification is definitely evil and a bad solution to the issue.  If the game is with cryptocurrency payments, then you need to maintain a certain level of anonymity. 

But now, after all, an intermediate identification option has appeared and users of WorldCoin wallets are already using it.  In Japan, for example, two days ago there was even a queue of those wishing to receive some of these coins (about $50 at the current exchange rate).  For identification, it was simply necessary to scan the iris of the eyes and that's it.  The recipient of the coins already had his own wallet with these coins after that.  The whole process takes only 8 seconds.
 In my opinion, this identification method is very well suited for use in the cryptocurrency gambling industry and unequivocally guarantees confirmation of the deposit owner if he was registered in such a biometric way.  At the same time, it is not at all necessary to go through KYC in its classical sense, that is, indicating the name, surname, other passport data, and even more so sending all kinds of photographs of the face or even video. 
I don’t know which cryptocurrency casino will be the first to master this method of identification, but I hope such casinos will start to appear more and more.