Quote from: iv4n on March 27, 2024, 07:22:22 PM

Quote from: Agbamoni on March 27, 2024, 01:48:06 PM

Quote from: iv4n on March 25, 2024, 08:28:25 PM

....

I don't see why people keep complaining about KYC in an online casino. If it is what is required to secure the money of users in the casinos it is a good idea that all casinos should make KYC mandatory. Truth is i can't trust any casinos that don't make KYC compulsory because i would freak out with time. Like how can you trust a platform that don't take security seriously? Risking your money to platforms that would do nothing when something mistakenly happens to it.

In the crypto gambling world, cold and hot wallets are used to secure our money, not KYC. KYC & AML rules are for something else, in short, both are used to limit or mitigate the impact of money laundering, multiple accounts, and any other financial crime. You can educate yourself a bit more about that matter here on the forum and in many other places, all you need to do is try the "search" feature. You will find many useful threads here on the
forum.

We have our way to secure our funds either it's from cold or hot wallet. If it's on the casino side, if they don't put the right measures to ensure the funds are secured, then whatever careful procedure we are doing are just useless since our funds are still in the control of the casinos wallets that are hacked.

KYC and any other verification is not asociated with wallets, because this is a basic government requriement which the casinos regulators are going to implement on them, or they are directed to implement it to the gamblers.

Quote from: iv4n on March 27, 2024, 07:22:22 PM

People complain about KYC because we don't wish to share our private info with anyone who opens a casino or any other service. Why would we trust them blindly? If a service asks for KYC it's not a guarantee they are trustworthy and fair. Sharing your private info doesn't keep your money safe if the service fails for any reason, you will lose your money, and your sensitive info will probably be sold on the dark web.

People only complain when they don't understand that KYC is just a basic requirement of a regulated casino.

First, they check if the casino they are playing with has a license, if so then KYC is there as a rule, so knowing that they'll not complain anymore.