As far as the KYC for betting sites is concerned, I myself feel uncomfortable with this, why gamblers have to do the kYC, while betting is still illegal in many countries. Unlike exchange sites that actually require user data because of regulations or to meet their legality requirements.
there are licenses that support and require casinos to enforce KYC for all their users. the same as those charged by the exchange. I understand this as an effort to minimize the abuse of casinos for negative actions. That also applies to exchanges, right?
It is indeed unpleasant when we can create an account easily and make deposits smoothly, but it is difficult and the process takes a long time when we want to make a withdrawal. because we don't own the casino, and we only play there, we have to follow the rules of the game.
I did notice up that kind of difference on which in exchangers on which if they had been regulated then they are really that mandatory on having that KYC which it is really that totally different when you are dealing with gambling platforms on which despite of being regulated or being licensed, you could really be still be able to play without exposing your identity but of course on the time that they would really be having those kind of threshold on which once you do be able to hit up such numbers then expect that they would really be asking you out for some verification. It would really be just that fine if you are dealing with a legit site but if not then then you would really be ended up on losing money since those are just simply scams.
This is why it would be always best that you should really know on at least making some research rather than on making yourself do simply stick into those sites
which are just new and cant be trusted.