KYC Process (Sportsbook)

[joshy23]

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

It's your own position whether to submit your personal information inside the sports house, same a like with sending it with centralized exchange, if you feel that the gambling house is trustworthy and already established good reputations it's not a problem providing those documents especially if you are a gambler where you mostly use the house.

[rhomelmabini]

May we know what site is it that requests a KYC for a deposit? AFAIK most gambling sites don't ask a KYC for a deposit maybe you mistype it with withdrawal instead of deposit before you make this thread. If you feel that you don't like it you can search other gambling sites (prefer the trusted sites) that don't require KYC's for sure you'll find some.

Ask there support first before continuing of passing some documents because if you do and sent wrong or low-quality documents (e.g. taken photo) and never require for another verification that for sure a trouble.

[The Cryptovator]

AFAIK most gambling sites don't ask a KYC for a deposit maybe you mistype it with withdrawal instead of deposit before you make this thread.

Most likely you are right, because no one would ask KYC for make an diposite. Whatever scam accusation I have seen most of them are during fund withdrawal time. That means few shady gambling/sportsbook asking KYC when a user want to withdraw their winnings funds. They make this drama just for scam people's. Even user submit correct documents they deny it in order to scam user.

[ruthwithers1980]

I believe every crypto sports bettor hates KYC in casinos.

[mich]

https://www.knowyourcustomer.com is a site that I have used to very my identity before
But most of the time you wont even be asked for a KYC unless the casinos suspect cheating or shady behaviors on your account.

[imstillthebest]

May we know what site is it that requests a KYC for a deposit?

i believe that its a new kind of site because new site tends to experiment and add new features that have never seen before  .

AFAIK most gambling sites don't ask a KYC for a deposit

yes but most of them require a kyc before or during sign up on the site .

If you feel that you don't like it you can search other gambling sites (prefer the trusted sites) that don't require KYC's for sure you'll find some.

most trusted sites are now also requiring a kyc but thats better than unsecure ones that dont ask for a kyc  .

Ask there support first before continuing of passing some documents because if you do and sent wrong or low-quality documents (e.g. taken photo) and never require for another verification that for sure a trouble.

they should give a notice about that  . it states that the pic must be clear if not it wont be accepted  .

[goaldigger]

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.

I remember my friend who's been also asked for a private key for the same process as yours. Gladly he didnt give it and he's alert regarding this matter. Just dont give your private keys or passwords when you fill up your KYC .

[Best Dreams]

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.

I remember my friend who's been also asked for a private key for the same process as yours. Gladly he didnt give it and he's alert regarding this matter. Just dont give your private keys or passwords when you fill up your KYC .

Yes we need to be secure and to stay  careful about our gambling once you share about your private key it will harm your safety. There are scammers who if once get your private key they will make plan to hack your wallet and will steal your all coins. Don’t get in unknown websites other side it is harmful.

[bitgolden]

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

There is absolutely no way that a gambling site that asks for KYC is legit in the eyes of most gamblers Lol. I find this very funny and sometimes I do wonder, what really is the big deal about this KYC of a thing? This is what I do always because I am sure of the site I bet on. I expect it to be the same with every gambler but reverse is always the case.

And one thing I have noticed is this; so many gamblers that are always afraid of KYC sites do not have clean hands. Maybe there are some shady activities they are hiding because no reputable site would ever take advantage of players’ information. And what is required is usually utility bills, passport photocopy and some minor information that can be asked anywhere.

[Irvinn]

In my opinion, before you raise such a question, you must first have reliable information, why cryptocurrency users are afraid to provide passport data and why the gambling site should be provided to KYC.  Although if you return back in 2016, the popularity of cryptocurrency spread not only because of its volatility, but also because of the possibility of anonymously owning your assets.  Today, anonymity melts like ice.

[adzino]

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?

Most of the sportsbook might ask you to complete the KYC process when trying to withdraw your winnings.  Just look at their Terms of Service and you will find that they can ask for documentations whenever they want. During filling the KYC form, in order to match your information, most of them will ask for a government issued ID card and to verify you current place of residence, they will ask for utility bills. Last thing they might ask is to send them a selfie of yours while holding your ID card.

[syamster]

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.

I remember my friend who's been also asked for a private key for the same process as yours. Gladly he didnt give it and he's alert regarding this matter. Just dont give your private keys or passwords when you fill up your KYC .

Yes we need to be secure and to stay  careful about our gambling once you share about your private key it will harm your safety. There are scammers who if once get your private key they will make plan to hack your wallet and will steal your all coins. Don’t get in unknown websites other side it is harmful.

No doubt only foolish and only careless people use to share their private information with unknown people. Those who are having professional mentality never do this. KYC is directly connected with your future as an investor and as gambler. So don’t share your KYC with any one even not with your family.

[Botnake]

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?

Most of the sportsbook might ask you to complete the KYC process when trying to withdraw your winnings.  Just look at their Terms of Service and you will find that they can ask for documentations whenever they want. During filling the KYC form, in order to match your information, most of them will ask for a government issued ID card and to verify you current place of residence, they will ask for utility bills. Last thing they might ask is to send them a selfie of yours while holding your ID card.

That's just alright if you trust the sportsbook, however, let's admit it that most of the gamblers are not reading the TOS prior to signing and therefore they don't have the right to complain when in the first place they don't read the TOS.

Nowadays, KYC is already required for regulated business such as sportsbook and for me there is no reason to submit a KYC if the sportsbook is not regulated as you are just putting your self at risk.

[passwordnow]

How is the KYC Process if you deposit with Bitcoin.

You send bitcoin through your casino owned bitcoin wallet address, they won't asked for KYC if you will deposit.

- ID
- Utility Bill

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

It's not mandatory to comply KYC because not majority of them ask for it. They'll ask for it if they have found something against their ToS. The most preferred valid ID would be drivers license and passport.

[maydna]

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

Fortunately, we are using crypto gambling, which will allow us to play gambling with or without complete the KYC. If we are okay with the KYC and we can find the legit gambling website, we can go to with them. But if we don't like KYC, we can choose the gambling website which is not applied KYC, and we can find recommended gambling website too. That is our decision of what we want to select because playing gambling with crypto means we are free to choose the website, and we can select any gambling site.

[fortunecrypto]

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've done two KYC but they are on exchanges and only few sportsbooks asked for KYC, those who asked KYC ask national ID like passport and company ID and sometimes Utility Bill, they will sometimes ask you to take a pic of yourself holding an ID, after you just need to wait a few days to get confirm.

[JohnBitCo]

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.

I remember my friend who's been also asked for a private key for the same process as yours. Gladly he didnt give it and he's alert regarding this matter. Just dont give your private keys or passwords when you fill up your KYC .

This is one example of how sites scam in the name of KYC. Why would anyone need our private keys. Only to stole our funds 
You have not given your private key but there would be many people who would have become victim of this scam.

[FanEagle]

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.

I remember my friend who's been also asked for a private key for the same process as yours. Gladly he didnt give it and he's alert regarding this matter. Just dont give your private keys or passwords when you fill up your KYC .

I think am hearing about private key for the first time, the few sites that ever asked for KYC never asked me for my private key and yet I refused because it didn’t look safe for me to submit my personal information. I would definitely conclude they are scam if they asked for My private key.

Even the scam sites should be aware that no gambler would be that stupid to drop such details and any gambler that does that is nothing but a greedy player and I will not feel sympathy for such if they get duped. What promises would lure or make a gambler do this?? KYC on its own is scam in my opinion and it shouldn’t be supported in a decentralized system as this.

[Spaffin]

It seems to me that in the near future we will all need to persuade many gamblers in the absence of the danger of providing KYC and that this process will be not only forced, but also the most popular when using not only gambling sites, but also when operating in a cryptocurrency market.

[FanEagle]

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

It's your own position whether to submit your personal information inside the sports house, same a like with sending it with centralized exchange, if you feel that the gambling house is trustworthy and already established good reputations it's not a problem providing those documents especially if you are a gambler where you mostly use the house.

KYC process have been trending nowadays.But if you only want to gamble and it happens that you were asked to do KYC,it's up to you if you will abide with it or simply find other sites that are not requiring KYC.But in some instances like withrawing a huge amount as your winnings in gambling,it's good to undergo KYC for your own security measures.

KYC has been existing for a very longtime and I think it started trending in gambling more because of some notable casino sites that are now requesting for it. In those days, it was more common with scam sites and some few unrecognized sites but these days , it seems almost asking for it one way or the other, either during registration or at withdrawal.

Although the purpose of this KYC is still not clear to me, because in my understanding, most casino sites are using Bitcoin or other smaller coins and this is supposed to make it decentralized and what cryptocurrency is all about is anonymity, so why KYC ? And who are those dropping their information with this sites, if they aren’t getting clients I believe they would have canceled it by now.