I’ve been wondering about this.. when we submit our KYC documents to online casinos, are we actually safer with the old, established ones compared to the newer platforms?
Both types usually claim to be licensed and regulated, but the question is -- does having more years in the industry really mean they handle our data better? Or are we just assuming that because they’ve built a reputation?
Some newer casinos might use the latest security standards since they’re just starting out, while the older ones might already have proven systems in place (or maybe outdated ones). At the end of the day, we’re handing over sensitive information like IDs, addresses, and banking details.
So what do you guys think, are established casinos really more trustworthy with our KYC data, or should we treat all of them with the same level of caution?
We will never know, there is no data that can shows the comparison so we will never know, I wouldn't mind too much about KYC because I've been passing them since 2016 and many online crypto exchange and many are dead now.
I've never been in trouble for passing KYC verification till today, all you have to do is give the right platforms and even if it get to the wrong hands it is still useless because today's security is upgraded, to pass KYC now online you need to proof that it's real.
There is no more room for submitting ID and that's it, you still need to proof that it originally belong to you.