Bitcoin Forum

A theme  topic, whatever often talked about on this forum, is the $5 hammer attack.
Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree.
But then you get sportsbooks asking for photos and passports, and god only knows what else.
If a sportsbook wants all this, I respectly suggest they change to fiat.

Which site are you referring to?

Most crypto gambling sites at the moment don't KYC.

The only time when a site might KYC is usually when there is a questionable source of the depossited Bitcoin. Basically it might of been tainted Bitcoins from some bitcoin hack and due to liability reasons the site might as for KYC for liability issues in case there is some investigation going on with those tainted BTCs. However this is extremely rare.

Only sites that do KYC, is usually the scam sites which do it because its in the terms and they don't want to make the withdraw when a player has won big. Since they know that many people due to privacy reasons don't want to KYC.

So if you provide more info about the site that asks for KYC we might be able to provide more info.

Bitcoin sportsbook that don't have KYC at the start then later asks, only happens to a number of users usually it something has to do with the terms and conditions of the sportsbook like withdrawals exceeding a specific amount, IPs from blocked countries  and more.

The difference between KYC and the wrench attack is that with KYC you could still get your money back or they could take it all away if you withdrawn more than your deposit amount.

KYC is a serious issue when it comes to bounty campaigns usually on this forum, but it isn't such a big deal in the gambling world since majority of the popular sites that I know of don't ever ask for it.

FIAT sportsbooks like Bookmaker and Bodog also never ask for KYC and they accept BTC deposits and withdrawals which is why I don't understand why you are generalizing here op.

Usually crypto gambling websites don't ask for KYC unless someone is trying to withdraw a huge amount of money! Now there are two types of crypto gambling websites, one is licensed and another is unlicensed with no origin of operations.

Unlicensed crypto casinos usually don't ask for KYC documents. But licensed crypto casinos may ask for KYC in case of a large amount of withdrawal because they also have to comply with the AML law of their country of origin. I don't see any particular risk here!

Are you mentioning any particular website here?

I don’t think it’s a problem regarding sportsbooks. Let’s face it, most gamblers lose in the long run so there’s no need for any sportsbook to steal money or attempt the $5 wrench attack because punters give them their $ any way ;D

Most of the gambling sites that operates in crypto don't ask for KYC by default.There are certain rules that those crypto operating casinos put in place if a really big amount of money is won and you want to withdraw it directly at once.If you withdraw it like the maximum defined amount without KYC daily then you don't need to worry about it.

The only way they could get such individuals to get hammer is when they ask about KYC after you have earned reasonably in their scam platform's, and for them to get your KYC for trade. I almost fell for that some few months ago and I had to caution my self to be wise and at the end search their feedbacks and discovered they are total scam. Ensure you check feedback before you gamble on any platform, either old or new.

not only on this forum but on the other forum and websites as well because ive see that they also ask for a kyc whether its on a bounty ico campaign or airdrops  . kyc is not a big deal on the gambling scene not because they arent asking but because they are dealing with money  while on bounty campaigns you are not investing a cash or crypto on it  so why will they ask a kyc ?

are you sure about that ? they dont ask kyc if your only a small time user but if you are depositing and withrewing large funds  and if you want to upgrade your accounts limits , im sure that they will also ask for a kyc  .

Regulated sportbook has to obey law, and ask for identity docs. The method of payment is not that important, I guess single operator may accept fiat and crypto, on the same or different platforms. You can always find unregulated gambling site, which does not require KYC. That´s your choice.

First I want to know what sports book you talking about. Almost majority of the community here in the forum knows that Kyc

is only applicable for centralized exchange, investors for every new project that will rise here and for bounty hunters also.

Most of the popular sportsbook in the crypto space does not require you to submit a document for KYC, I don't know if there is a certain requirement for every country but based on my experience, I can play in different sportsbook without using my real name, and I can say I can enjoy being anonymous.

I'm gambling around at least $1,000 usd per month, and I don't feel the risk in gambling anonymously and I'm comfortable with the crypto gambling norms.
If a site require you that, better look for other alternative, sure you can find a good one.

I'm playing on three gambling sites and they are not asking for my passport or any relevant information about my identity, maybe because I haven't won a huge amount, but if you have a list of Gambling sites that asked for verification before you can play, then please share your list here.

Even if it isn't required at the start you should at least prepare that you may have to provide personal information in case there are red flags about the funds, so just be prepared for the possibility.  I try to avoid KYC but if it is a trusted business I don't mind giving out my information.

Which sportsbook you are talking into?

As far as I experience,i haven't given or comply any KYC with current sportsbook that do accepts crypto.Unless if you are talking with
Fiat based bookies then KYC is a casual thing but in crypto-space they aren't being strictly enforced but anytime they would request if theres
something wrong with your activity.

What's this sportsbook that you are pointing out? all of the points were correct that they won't ask for KYC if they don't suspect something with your account.
But if they does, then that's their option and before using you should the TOS so if ever they asked and it's not on their TOS, you can pin point it to them.

There are A LOT of places that ask for KYC, I don't understand how people are reacting like there is no KYC asking in crypto casino world when there is a ton of them. The only difference compared to exchanges is that crypto casinos ask it after you win money and not while you are registering which is a lot worse than what exchanges do.

When you are on an exchange and they ask for your KYC they just simply ask for it during registering and you know if they want it or not and how much you can withdraw without your KYC, however if you happen to just play on a crypto casino and win a big amount they tend to ask you for your KYC when you want to withdraw that big amount, they are literally letting you lose without KYC but when you win they ask for it, that is really horrible and unfortunately true.

Yep, this is the major problem I have with most crypto casinos and a big reason why I tend to read plenty of reviews before trying to gamble on a site I haven't used before. Sucks that some sites do this simply to prevent big winners from withdrawing because these sites know most people are either unable or unwilling to provide KYC to withdraw their funds (heck many people use crypto casinos to avoid KYC in the first place), and in some cases the casino just permanently locks your account without even asking for KYC.

Some of these sites do strive to comply with AMC/KYL and do this for the purpose of compliance, but this should be clarified BEFORE even depositing so people don't get their funds permanently stuck.

Acceleration for the currency to stay anonymous and make the payment without any third medium payment system. in that case KYC verification has does not required for any blockchain based projects including in gambling field.

all the sports betting and other gambling projects should avoid KYC verification to play on their sites.

Well, I do not know which sportsbook betting site that OP referring for. Because as what they say above crypto sportsbook now did not implement any verification with regards with personal identity. Well, if there is for sure they don't have a player because that was most gamblers avoided undergoing a KYC verification. You can find another one that did not implement such rules and indeed, remember to always read the terms and condition to avoid a possible problem in the future.

Read every crypto gambling site's terms about KYC's.

Mostly, it's required for suspicious winnings or red flags. Might be annoying as in the first place, our identity is important but if the said sportsbook site is kind of reputable, then the important is to get the winnings so just comply on it.

But before anything else, don't what sportsbook you are referring to. Is this based on self-experience?

Regulation is becoming a huge part of cryptocurrency. The blockchain offers anonymity but governments desire control and hence out regulations in place. This also affects gambling sites which use cryptocurrency. To comply with constitutional laws they have to run KYC checks on some withdrawals (usually above a certain range)

Sad reality which do really sucks!

Where these casinos ask out KYC when there's big winning but this is only applicable into some

 non-reputable gambling sites.We do see that the top tier ones doesn't require any verification.If you win then you can
completely withdraw without any hassles.

Exactly.  KYC  renders the whole idea of Cryptocurrency ineffective. Most people would rather use their national currencies than use cryptocurrency and still go through KYC.
Betting on physical casinos with physical currency is not even as invasive as cryptocurrency with KYC.
  I guess you should use decentralized gambling platforms...they are mostly KYC free.

Just look at this from other side. If gambling platform requires KYC at least in some cases and operates normally, means that enough customers are not afraid to pass verification. Others can chose decentralized platforms

Yes, I think the rules on gambling sites are almost the same as the exchange rules where there is a limit to the amount of money withdrawn to do the Kyc. But so far I have rarely seen gambling sites that require customers to do kyc, but if there is a site like that that is clear I will not join the site. I think Kyc is only intended for investors not gamblers.

The KYC should be implemented or should not be implemented. There should not be a case where you won big amount and the site start demand for kyc to withdraw a big amount. Such types of kyc are made mandatory just to avoid withdrawing the big amount of money out of casino.

In most cases, even trade exchanges place conditions on users to provide passport data in the first place precisely when the user wants to withdraw a sufficiently large amount of funds.  Gambling books should be guided in the same way, because not all gamblers deal with big wins.

The exchanges and casinos are often left without a choice when government regulations come down on them and they are forced to get your personal information or they will have to close up shop for good.

Looking to that sides can bring confidence to your betting activities while others will still wanted to keep their identity being secured, there's options where you can play with gambling sites who didn't need any KYC same with others replied best to read the house rules and check first the  gambling house to play on read every information to make sure they are not going to ask you after.

  It is very important to show your strategies and to make plan for anything you wanted to do in you gambling. KYC  is good because it helps us to get away from so many bad effects of scammers and thieves so it is for our own safety because it makes us secure KYC is actually demanded in every investing site.

What do you mean about this "$5 hammer"?I don't get it.
If you want to keep your bitcoins safe,just gamble on the fiat sports books websites.I mean duh, ;D
Why do so many people want to gamble on crypto sports books/casinos?I guess it's because of the false sense of anonymity.You can't be 100% anonymous anywhere.Even on crypto gambling websites that don't have KYC.

Most of the gambling sites I'm playing are not asking for KYC so far,  they will only ask it if you won a big amount, which is not an issue as they only want a verification majority of gambling sites are doing that, you cannot ask them to go back to fiat, in fact, we should be happy that so many gambling sites are now into cryptocurrency.

You shouldn't be gambling at a bitcoin casino you don't trust or whose reputation is a bit shaky. Stick to the well known names. KYC might become a requirement sometimes in the future but at least you are going through KYC at a reputable site. 

That's what I am saying that the rules of kyc should be uniform and should not vary with the withdrawal amounts.  If a sportbook or gambling site want to implement kyc they should implement it right at the time of making an account on that site and not at the time of withdrawal.

Any purely cryptocurrency sportsbook asking for KYC is almost certainly going to become desolate soon enough.

There are literally dozens of online casino platforms, e.g. Cyberdice and OneHash that don't ask for any KYC and have a full-featureset.

So why bother with KYC-requesting casinos?

A gambling site asking for KYC is unusual, and i also don't want to play if they require me for that. We should always protect our bitcoin wallet from anyone, we should consider buying hard wallet or any wallet that you can control before its too late. Don't play on any gambling site if you don't feel filing the KYC.

When I face this, I will skip that site because I don't want to send any document to them and I think that will be too risky for me. I will search for the other gambling website which doesn't need KYC for the member, so we don't have to verify ourselves. Besides that, we can play without worry, and we can withdraw in anytime without asking the KYC. We don't need to tell other people about how much bitcoin we have, and we don't have to send much bitcoin to any gambling site so we can protect for the other things.

almost all of those who are gambling with bitcoin are doing it because they can do it without the headaches of KYC and without revealing their identity specially since they could be subjected to hefty taxation in certain jurisdictions under tax laws that want to take a share of your winnings. not to mention that with bitcoin and the fact that it does not have any charge back capabilities there is absolutely no reason for these gambling sites to ask for KYC related documents, they do that in fiat world to protect themselves against those who charge back, use stolen credit cards,... and also to abide by regulatory laws. none of which exist in cryptocurrency world!

That is true and not only sportsbook but all the gambling sites and exchange that are now looking for mode of identity before you can gambling or do business through they sites should focus on fiat and leave bitcoin because the aim of bitcoin is privacy. Two people should be able to do business without asking each other passport, national identity card or driving licence.

Anonymity has nothing to do with presentation of some little private details. Most of the gambling sites that even ask for KYC are the genuine ones because there is a law governing the license of gambling sites and one of it is the requirement of KYC from the gamblers for the purpose of money laundering and scam, and the obedient operators are the ones making this request but if as a player you do not find it save, you have every right to play on a non-licensed site that do not demand for KYC.

I personally do not see anything wrong with submitting my passport on a site, and I do this a lot because I verify the sites I play games and I am very sure it’s safe.

Basically you would have also let us know the platform that requested such information from you as a sportsbook. For me I wouldn't risk my life and privacy for just such dollars, even a thousands dollars doesn't worth my privacy. Although some gambler can give out their privacy for free but for me, never will I give them out.

Same here. I don't understand why most of those sports book sites asks for KYC? To comply by their country law? Then how come there are other gambling casino and sports book sites that don't ask for KYC? If laws and regulations are an issue, can't they just remotely host their sports book sites from some other countries which are crypto friendly and laws aren't that strict? This KYC thing totally kills the main purpose of using crypto currencies.

I have heard one or two cases of people who always had this KYC issue at withdrawal and I still find it very strange because the few sites I have visited with KYC requirement always did that at registration and most time I back out immediately because I am not called for such shit . I believe those who have issues with withdrawing probably didn’t go through the T&C OF THE SITE BEFORE REGISTERING, IT MUST HAVE been stated that there might be possibility of asking for personal details at withdrawal and if there’s nothing of such, that means the site is a scam site

In my opinion, KYC on its own its scam to a decentralized system, I feel it’s not supposed to be at all by no standard. Well, I feel sorry for bettors still dropping their details on such sites and I hope it wont be released to third parties.

If you are a high roller or a gambler that tends to spend huge amount of money on online casino site, you really should understand the TOS of every site that you want to play with.
Otherwise, it is your own fault when the time comes for withdrawal and other things that the site may require your personal details.
It might not be an initial requirement but later on they might ask those details when you fall to the category of their kyc protocol.

I partially agree with you regarding the KYC procedure we have to undergo even when using bitcoin and other crypto related gambling sites and even i hate providing the details if i am not wagging huge amounts of money, on the other side of things, a sport book has to protect their business too, there are many stolen coins in the market and they do not want these stolen coins to pass through any sports book and be on the blind side of things and get into legal trouble and that is the main reason mostly every one started implementing these procedures.

PS: I was also furious when they implemented KYC and these information was shared by gambling sites and that is the day i stopped wagging huge amounts, the choice is yours whether to comply or to reject them  ;) .

It really matters the amount and to risk our personal details for just a few bucks.
Personally, KYC is a big deal for everyone and not all of us can afford to lose our personal identities unless it was 1BTC, it is a really big amount for me and I'll do KYC for them.

Even for 1 BTC I won't do any KYC if the service that I use don't have any public information which I can use to sue them if something went wrong. Our identity should worth more than that.

Should have never used them in the first place if they have shady ToS which with KYC and things like that.

Some doesn't see their information as valuable as you.
If you still remember last April fools day this year, some of the members in the forum are even submitting their KYC even without realizing it was all joke.

You have good point, but in fact there are so many people out there who do not really care about their own identity documents by doing KYC for airdrops or free small amount of money. If we don't want to do KYC, it is always better to choose gambling sites that do not have any terms related to KYC. Frankly speaking, 1BTC is big enough so I will think twice if I have to do KYC for that amount but I'm sure no trusted bitcoin gambling sites asks for KYC to their players for that amount.

You need to mention the name of the sportsbooks so people here, know what's coming to them in case they encounter this, you can opt to pick other sportsbook so your account and details will not be revealed, we all know many gamblers here like to remain anonymous.

Maybe even I don't like KYC if they offer for me 1 bitcoin to pass my information maybe I will do that and for my safety of course I do search about the site if it's legit and good to review all the informartion aboug the TOS  to know that they have possibility that can harm you once you pass your KYC to them. But for the single dollars I will never do that.

You can't have it both ways. If you wish to engage in online activies such as gambling or social media, you are probably going to have to cough up some information. And that is for everyone's protection, god knows what it would be like if that wasn't the way it was. Honestly if you value your privacy enough, just don't gamble. It's not like its preventing you from doing other things, if you don't wanna kick the ball, then don't play soccer.

I think there are still some sportsbooks where they don't usually ask to go through KYC if you happen to win in small amounts and withdraw in small volumes. So try those who don't ask for it.


Well sometimes they are also stuck since they happen to know about KYC after they have completed the work or in sportsbooks case places withdraw. So they have to go through verification to get their stucked balance out.

If it's stated in the TOS then you really need to complete the KYC to withdraw whatever  amount is that. So before betting on sportsbook websites and you don't know the rules, it's better to check those first if they require it. There are other sites where it doesn't require KYC and you can bet how much you want without restriction.

I do not think KYC is done to comply with any government policies. Most sites uses kyc to discourage people from making multiple accounts on the site. It they were no kyc, you can have make many accounts with different names and email addresses.  It is difficult to do such things when kyc system is in place.

Agree with this, because some people use crypto to gamble is to make sure they still anonym, if ask people to do some KYC in crypto gambling site, it will not different with gambling site that use fiat.

KYC has nothing to do with multiple accounts imho, there are many bitcoin gambling sites that against multiple accounts but they don't ask KYC from their players because I believe they have other security system to prevent multiple accounts. AFAIK why some sites ask KYC is due to its license, as some sites claims that they should do it because it is required by the license.

Do you have any particular site you found asking for this? I'd understand this is required for exchanges but I think it's too much for a betting site.

I'm under the impression that these sites are less supervised than exchanges so there's a higher odd of your info getting out which, like you stated can result in a wrench attack.

Don’t answer for all. See for ex https://99bitcoins.com/best-bitcoin-casino/#Bitstarz report. Best casinos accept wide ways to transfer funds in fiat and crypto, it is regulated, and it is require KYC. If it is proven legit casino the reason to avoid KYC process would be a desire to bypass taxes, if it has to be paid in a particular country. Might be a good reason, but that’s everyone has to decide for himself.

That's correct because using cryptocurrency gambling platform's and still ask the gamblers to complete KYC makes me to think that such platform should have been a fiat gambling platform's and not cryptocurrency gambling platform's. Personally I will not comply to any gambling platform's that will request me for KYC or otherwise.

If you don't want to give the details then simply change the site you are playing and I think not all the gambling sites were asking for KYC to complete because all they are doing is paying the rewards even in crypto so they might save them from legal actions with the same anonimity you are talking about.

  This is very easy to understand if you should go for KYC. If you do not worry about your identity and want to avail those few dollars, you should not stop and enjoy and go easy with KYC. However, if you do not have another option and you do not want to share your details, just leave the site and look for another with not restriction about the KYC. Simple is that.

Crypto is anonymous  it is the reason why people are not agree to share KYC if they will share it could consider to be dangerous for the investors and their investment. In fiat people use to share their KYC as they feel safe about it but I think if they will share KYC in crypto even then it is not issue as why would the casino share someone else's identity.

Pseudonymous is probably better to describe crypto. There is always a part of something that could be used to identify 'who' own the coins, like address and something like that (except for a few). But that's still better than KYC where you need to give your 'full identity' to some entity which could disappear sooner than you thought.

Most gambling sites only works online so they register from the country where crypto and gambling is completely allowed that is why they are not asking for personal details but exchanges were regulated by the governments that is why they are asking for KYC.

That's how easy the journey of the gambling operators here in crypto compared to exchanges, but I'm not expecting they will forever enjoy this ease, the government will target them soon, it's just that the government are working based on priority.

Probably there will be a time comes when gambling sites also get regulated but gambling sites can easily move them to most gambling supported place like malta then there can enjoy this treatment forever.

You are right, and we can change the site so we can select the site which doesn't use KYC and I am sure he can find recommended gambling site on here. I am sure many gamblers will feel comfortable with those sites who don't apply KYC because we want to protect our identity. People who know cryptocurrency for a long time will always protect their identity, and they will be not easy to give their identity to another party.

Of course not. Name me one pure crypto casino that is really done to comply with a policy from a government that actually cares. Costa Rica and Curacao do not count for sure,,, those policies are never going to chase the casino if it exit scams. KYC is as you say, just for multi account protection.

I think I understand the reason for your outburst but really the only concern should be what they are doing with the information they are collecting. If its a legit site that complies with Privacy rule then they would have. The crypto world is fast changing and at the same time facing series of opposition because of the anonymity that alot of people have hidden under to perpetuate some unholy activities that continues to soil the names of everyone who is operating in the market. So what the gambling sites especially the big ones are doing is to try as much as possible to change the narrative in their own little way which is implementing a KYC system.