KYC Process (Sportsbook)

[jayjayo]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

[SyGambler]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

the majority of the old sites don't ask for KYC so you don't need to worry about it , the only site that asked me for KYC was a site that disappeared long time ago
but yeah in case they ask for that then they usually ask for the ID and Utillity Bill ( or any other document that proves where you are living )

[rachman mahesa]

Do you need to do KYC in a sportsbook to make a deposit? It seems that it doesn't have to be, because most gambling sites don't have to do KYC for every person / user who plays there. But if you want to do it anyway and you must. You can ask the admin there.

[Dreamchaser21]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

Send your sefie and do the skype interview, those are the shit things about KYC and if you have a low cameraphone for sure you’ll get denied and your information are no longer safe. The worst thing about KYC is when they ask you to submit your private keys, that means its a scam.

[crypmon259]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

Usually most sports book don't ask for KYC during deposits or withdraw in cryptos. So if you want to know if a certain site do ask for kyc or not , you can easily find outby asking to their customer rep on the online live chat on their website. That will clear your doubts about the kyc process in that particular website.

[Kasabus]

Based on my experience using different sites in crypto, they never require a KYC because if they do, there are a lot of sites which can be our option.
However, I would like to relate it to not gambling site that requires KYC which I think it's the standard.
In some exchange, I submitted my ID, selfie, utility bill and even bank statement.

[swogerino]

Most of the bitcoin sport betting sites,the well established one don't ask you for KYC until you win quite a decent amount of money.Because of anti money laundering policies they may ask a government ID to verify who you are in order to conform with the law of anti money laundering but this happens rarely in crypto betting casinos.

[Avirunes]

Usually most sports book don't ask for KYC during deposits or withdraw in cryptos.

That depends on volume of the withdraw sometimes, sometimes your transaction history... or anything that makes them suspicious.

Some of them also let it go if the withdrawal amount is low say approximately like near 100 mbtc. I've withdrawed so many times from sportsbooks and I've never been asked for KYC verification.

[Vaskiy]

Every gambling website require signing up of an account, other than that there isn't any more verification involved other than the email verification. Exchanges were the one that request for the KYC as there will be huge withdrawals. These days cryptocurrency users will always skip the websites that request KYC fulfillment as cryptocurrency users prefer to be anonymous.

[Upgrade00]

The worst thing about KYC is when they ask you to submit your private keys, that means its a scam.

I have never come across a KYC process which required one to submit their wallet address, and doubt there is. Such information is not needed to prove the identity of someone and also is not meant to be shared.

[vintages]

OP, your bet option is to message the support unit of the website you intend to use for enquires before proceeding to registration. Also, don't skip but read the terms and conditions of that website, any needed KYC information is mostly written there.

Every gambling website require signing up of an account, other than that there isn't any more verification involved other than the email verification. Exchanges were the one that request for the KYC as there will be huge withdrawals. These days cryptocurrency users will always skip the websites that request KYC fulfillment as cryptocurrency users prefer to be anonymous.

Some gambling sites are now requiring for it. Its their way of controlling underage gambling and money laundering. Moreover, the country the site is located in do have gambling policies that are requires obedience. Its all about using the website that meets your terms.

[Haunebu]

These days cryptocurrency users will always skip the websites that request KYC fulfillment as cryptocurrency users prefer to be anonymous.

I don't think so. It all comes down to the site itself at the end of the day. If the site in question is really popular like Binance, many would be willing to submit their KYC documents in such a scenario.

Bounty campaigns also request KYC after it ends and the campaigners forcefully end up submitting their KYC documents which is something I personally hate.

[davis196]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

There's no KYC verification when you deposit.KYC verifications must be conducted only before withdrawal(which is a pretty sneaky way for the casinos to keep your coins and try to scam you).
In most cases ID photo/scan should be enough.I've never heard about having to post utility bills or other documents.Yeah,I know that KYC sucks,but we should comply by the rules.

[avikz]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

Firstly, you won't have to go through the kyc process if you are playing in a crypto casino! However, some licensed casinos may require your kyc documents if their local law demands it.

Secondly, kyc process requires you to verify you identity and address. Any document that can verify these two parameters, can be accepted as KYC proof. Example is passport where you can verify both of these parameters with a single document.

There is no proof of deposit is required as general practice!

[robelneo]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

First, are they asking you to do KYC for them and for what reason they are asking you to do KYC, they should have a valid reason why they are asking, some of them are not asking KYC, and if they are going to ask for KYC Passport and Utility bill is just enough, they might ask you to do photo with you holding your passport but ask if it is ok to put a watermark for specific purpose.

[YuginKadoya]

I only see KYC as protection over the transaction for the owners so they will know the identity of each gambler, It will sure gonna take away each gambler's anonymity and their identity exposes, Well I am against this KYC thing but if it is for gambling sake I don't see any reason to let the trust over anonymity take over every transaction, This is cryptocurrency anyhow!

Well, I guess there are places and services that needed most of this KYC thing but I guess they can let it slide when people are just gambling and don't let them take peoples identity that will only benefit their own gambling site, There are old gambling sites that don't require KYC and it is trusted by the people in the crypto community.

[Oilacris]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

Which sportsbook you are talking into? Most of sportsbooks doesn't require any KYC for you to make bets unless if you are dealing with Fiat based.

[Indamuck]

If you have to submit to KYC then you might as well just use a regular casino instead that is more heavily regulated.  A lot of people are using crypto casinos to stay somewhat anonymous and everything gets thrown out the window when this happens.

[audaciousbeing]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

It actually differs on various sites depending on how much they want to 'torture' you. Some can go as far as requesting for your international passport and others can even told you to snap with today's newspaper. However, the concern I have is that for someone who wants to carry out money laundering using the gambling site, getting a fake ID or buying other people's identity who does not even have anything to do with the site won't be a problem to them. But the KYC would be a control measure and not necessarily a torture. You only need to visit the site you are comfortable with what is being requested and that should settle it.

[joeperry]

I've been invested to a sportsbook with a casino games before (Fortunejack to be exact) and I don't think they would require you to conduct a KYC process well it's important to look for a gambling website that accepts cryptocurrency that didn't required user a KYC we should remember that the cryptocurrency was made in order to have a privacy and to conduct a anonymous transaction and yet they will ask a KYC verification.

But we should also understand their concern it is to avoid multiple accounts that will abuse bonuses and to avoid money laundering.