KYC Process (Sportsbook)

[shoreno]

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.

lol so you think kyc is built to torture people ? to some scammers yes but for a legit company they will only keep your kyc in the vault after they have done using it  . and i dont think the kyc process differs from site to site because i have been on a different sites before that requires a kyc and all of them usually ask for a drivers license or a passport and then a selfie of you hodling the said i.d'/s .  there are some sites that are strict and will schedule you a video call  ,to see if you arent faking them .

[suzanne5223]

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 )

To my own understand base on what I have seen so far, no sport book gambling site will ever ask you for KYC as the deposition is concern and the only ask for KYC when you make withdrawal. However, they usually ask for a copy of valid identification (passport, driver's license), proof of address (recent utility bill or bank statement) and a picture of of the player containing a proof of date etc.

[The Cryptovator]

The website will give you instructions what you need for KYC. I think most of sportsbet will not ask you for KYC, if need they might ask for specific documents. Photo id would be primary document to prove yourself. Utility bill or Bank statements would be prove your address. Always we should read terms of service if there is any other requirement.

[bitcoin31]

Only few gambling site who implementing KYC and they have differetn requirements about KYC other need to pass for sure ID that is no. 1 requirements. Most of the gambling sites did not implementing KYc so choose the gambling sites Who needed only email verification and other minor requirements that hide your real Identity for them.

[Theb]

I haven't heard much about KYC process when your are depositing money on a gambling site its when withdrawing what you one that some sites ask you KYC and I get that because unusual amounts being withdrawn do need to undergo a verification and fraud assessment process before they let it go. Usually what gambling sites asks are just public IDs and proof address that you are living in that country.

[MI6]

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?

For now i rarely to see some sites whether it is gambling or trading site that ask our utility bills, usually if tier 1 KYC only ID and ask us to take selfie for it. Maybe that thing already enough for me when want to use service of online sites that ask users to do KYC.

[leowonderful]

Yep, usually a selfie and a utility bill if applicable and that's about it for most places. Some sites go out of their way to request difficult to procure documents just to prevent certain people from withdrawing, but for most sites you just need an ID and a utility bill and you should be set.

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.

The problem is some sites request KYC on withdrawal, and most sites that do this don't warn you about needing to submit KYC to withdraw before deposits.

[iyah adrian]

A lot of people are using crypto casinos to stay somewhat anonymous and everything gets thrown out the window when this happens.

Even most people do not like things like KYC for gambling. And it's true what you say, people will gamble for anonymity without many people knowing our true identity. Plus if we play in the crypto casino with a small round, it is certainly not recommended to do KYC.

[akram143]

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?

Depends on the sites but I am not sure any sites asking for utility bills? Only exchanges were asked for it when I am trading on it.

But the proof of deposit won't be asked on many cases only your nationality will be asked with address verification.

[jvdp]

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?

Normally wallet providers, ICO and exchanges look for your selfie photograph with the any of government ID proofs.
Such as Driving licence, passport, SSN number and so on.

But seriously not sure about the sports book KYC documents, may be same you need submit there too.

[Becky666]

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?

Its surprising to see much Newbies asking questions regarding KYC, any gambling platform's that ask for such information are not decentralized gambling platform's rather a centralized platform with risk of exposing your privacy or selling out your privacy. If any gambling platform's as your KYC, you have to run run mate.

[Dread Pirate Roberts]

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?

KYC's purpose is to show the authenticity of data and the legality of users using services. the most frequently asked is a state identity such as a national license or driver license and international identity such as a passport visa. KYC is not possible to ask for detailed credit card info or others use your own data wisely.

[iMark]

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.

Actually using IP filters is already able to minimize cheating on abuse bonuses, applying KYC will only reduce the number of players who will play on their site, that's the fact. all gambling players are wanted a privacy first when they join and use it for gambling, when there are KYC rules, of course they will stay away from it, Like me.

[tsaroz]

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?

I haven't encountered any crypto based gambling site enforcing a KYC on me. Though there has been some cases of such.
It's easier to do a KYC with the ID and bank statement and most of the sites would stick with that at the current time.
I have always struggled to submit a Utility bill and would skip any sites implementing that.

[Ucy]

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.

This is just for deposit, how about during withdrawal of wins?

Op should be aware that they could demand for KYC during withdrawal even though they don't demand for it the beginning. 
He should probably read their terms of service to avoid being trapped.

[mitchr4]

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?

I wonder what sportsbook sites offer KYC?
In my opinion KYC for a gambling site is not necessary if you use Bitcoin to gamble you don't need to provide proof of deposit because it's already recorded on the blockchain.

[virasog]

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?

In most of the KYC process, they will ask for your front and back side of your Identity card and your picture holding your ID card. Some sites may require only your picture (and do not require you to hold it).  Yes, sometimes it feels a torture doing a kyc when we are forced to do it. 

[bering]

As far i know usually KYC required for withdrawal purpose and deposit so far not necessary to submit KYC and regarding the terms for KYC i think from sportbooks to other sportbooks maybe will have different requirements to submit KYC and it could be good if you asking first to them what type of documents to verified your accounts or before deposit you can read the FAQ

[bitgolden]

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.

I believe you have not won some kind of money that would require them asking you for KYC at withdrawal because this is what a lot of these sites do these days. You will just be glad that the site is free of KYC requirement until once it’s at the point of withdrawal, they start demanding. This can be annoying really

The sites are aware that there are so many alternative sites that do not require KYC procedure, so putting it to players at the beginning might not do them well, so what most of them do, is to wait till the time of withdrawal especially when the money involved is quite big. I have something against sites that ask for KYC because I don’t trust them one bit and there is every tendency that this information can be leaked.

[kingpin4321]

but if you follow rules you should be ok if the casino you join is legit.

As long as its legit, going through the KYC process should not pose any problems whatsoever, though new sportsbook/gambling sites hardly ever ask for KYC except if course you're attempting to deposit or withdraw quite a large sum.
But always be cautious of the documents you're required to deposit, if any doesn't suit you or if you feel it's suspicious, it's adviced you back out