Are No-KYC Casinos Trustworthy?

A quick question: what is the most irritating part of joining an online casino?

If you’re anything like us, chances are that the pesky KYC identity check was the first thing that came to mind. But did you know that some casinos don’t require you to undergo arduous identity verifications? The no-KYC casinos value anonymity above all else and allow players to skip the row and, to quote from NoKyc.com, “dive into the gaming action without the hassle of submitting ID or other paperwork.”

As a result, no-verification casinos are becoming the first choice for many players worldwide. But how safe and trustworthy are they? Very, it turns out.

What Is KYC?

KYC stands for Know Your Customer and represents a protocol of identification used by online casinos to collect and verify personal information on their users. Casinos operating under certain licensing bodies are obliged to do so in order to comply with the law. Other reasons to feature KYC verification include:

• Fraud prevention
• Age verification
• Anti-Money Laundering (AML) compliance, etc.

The rationale behind the KYC process is that it enhances security, ensures safe transactions, and protects players from online fraud. 

The main drawback of KYC casinos is that they usually take an excessive amount of time, up to 5 days in some cases. Also, identification checks will often require you to take a selfie holding your government-issued documents. If it sounds obsolete to you, that’s because it is. Another concern with KYC casinos is identity theft, but that’s a story for our next segment.

What Are No-KYC Casinos?

No-KYC casinos don’t require annoying verification processes and let you play, win, and withdraw cash immediately. They mostly rely on cryptocurrencies for payment, although that’s not always the case.

No-KYC casinos are tailored for players who value their privacy and are uncomfortable sharing their personal information with online casinos. And they may have a case considering that, according to the ITRC, identity thefts reached an all-time high last year.

With this in mind, one could argue that no-KYC casinos are actually safer and more secure than their KYC counterparts. What’s more, they feature speedy withdrawals, so you’ll never again have to wait for the money you won to pop up into your account.

Why Choose No-KYC Casinos?

While nothing separates no-verification casinos compared to their KYC peers in terms of safety, there are other factors that actually play in their favour. Here’s a rundown 

Anonymity

No-KYC casino players enjoy an enhanced level of anonymity, given that casinos nor any third parties can trace their actions back to the person. This minimises the risk of identity theft and makes for more carefree gaming.

Faster Withdrawals

Although not exclusively the case, no-KYC casinos are almost synonymous with crypto payments. Crypto deposits will be visible in a matter of seconds, while fast withdrawals are also a thing. Again, efficient transactions let you focus more on gaming itself. 

Bonuses

Corollary to this, No-KYC casinos that rely heavily on crypto will more often than not have some kind of crypto bonus promotion. They are usually bigger than regular deposit bonuses and come as bonus funds and free spins. Usually both.

Accessibility

Many players find the process of KYC identification not only a breach of their privacy but also a drag. It takes 1-5 days for casinos to verify your identity, and that’s 1-5 days before you can withdraw your winnings if you get lucky with the welcome bonus.

A Final Note

If KYC verification had a place several years ago, it may come across as obsolete today. No-KYC casinos are just as safe and just as smooth as KYC casinos, without the need to go through the arduous ID verification process.

There are still sharks in the sea, and you still need to be careful and choose only tried and trusted casinos. There’s a huge selection of dependable no-KYC casinos online, you just need to know where to look.