KYC Process (Sportsbook)

[Oilacris]

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.

Some casinos are being regulated which in result they would need to abide with the laws that why they do ask KYC but majority of them nowadays

do only ask verification if there are various issues related to your account but besides on that they don't really ask something before you can able to play unlike on other typical casinos.

[Ararbermas]

What the heck why there's a KYC also in gambling. Is this a joke?  Lol it's very unfare to be honest what i mean. because  we all knows gambling is illegal and once goverment become interested on it for sure they can easily find us because of that stuff.  So no way much better to stay away on it for the sake of our information.

[hahay]

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?

So far I have never found a deposit using bitcoin to go through KYC and that is only found when making deposits using fiat money. There is no torture that you mean so far for me to bet and also make deposits using cryptocurrency and all are still in excellent fairness in this industry.

[bitgolden]

Some casinos are being regulated which in result they would need to abide with the laws that why they do ask KYC but majority of them nowadays

do only ask verification if there are various issues related to your account but besides on that they don't really ask something before you can able to play unlike on other typical casinos.

I think this regulation process is what so many gamblers are yet to understand correctly hence the fuss about KYC in gambling section. The truth is, no gambling site likes to lose its client and if the clients are not cool with submitting their private information, they could make it optional but the regulation which is mostly done by the government makes this difficult for them to do.

For me, I do no see ant big deal with this, once you have a trusted casino site, you should understand that whatever information submitted is safe. The only  thing is to try as much as possible  to avoid scam sites. Scam sites that ask for KYC can be very dangerous and they are the reasons people find it difficult to trust other genuine sites.

[redsun114]

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.

The question sounds very dumb to me. Those who hate submitting the KYC form definitely have their reasons for doing that, and like you said, anonymity was truly what everyone appreciated most about cryptocurrency system. I remember vividly that it was the exact reason I got convinced to go into casino gambling.

But, what I see today is totally an opposite of it was then. Why even ask for these details at all? The questions asked, are they not intruding into a players private affair? And also, how do we trust these sites wholeheartedly to be sure the information is safe with them. All this are the reasons why most gambles never find filling KYC form interesting at.

[ethereumhunter]

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 think they need ID to pass the KYC verification. But maybe they need utility bill too because, in the other business, the utility bill, proof of address will be needed. Besides that, I think there will be a picture of us holding the ID that needs to be sent to them too. I think each website will use its own verification but the point still the same, the website wants to know their customer.

[FanEagle]

Some casinos are being regulated which in result they would need to abide with the laws that why they do ask KYC but majority of them nowadays

do only ask verification if there are various issues related to your account but besides on that they don't really ask something before you can able to play unlike on other typical casinos.

I think this regulation process is what so many gamblers are yet to understand correctly hence the fuss about KYC in gambling section. The truth is, no gambling site likes to lose its client and if the clients are not cool with submitting their private information, they could make it optional but the regulation which is mostly done by the government makes this difficult for them to do.

For me, I do no see ant big deal with this, once you have a trusted casino site, you should understand that whatever information submitted is safe. The only  thing is to try as much as possible  to avoid scam sites. Scam sites that ask for KYC can be very dangerous and they are the reasons people find it difficult to trust other genuine sites.

I think you also do not really understand it very well. This isn’t about regulation but about intruding into a player’s privacy. If you have studied crypt correctly, you will understand that many are interested in it because of its decentralized system, which supports anonymity to a very great extent. This is not an issue of trust or safety; it’s a matter of players not wanting to disclose their identity on a gambling platform. I think we should get that right.

Personally, if it gets to a point where KYC becomes compulsory on gambling sites because of the government policy, I might be left with no choice than to quit gambling completely because if I would drop my identity on any site, then definitely not on gambling platform, reasons are best known to me.

[suzanne5223]

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.

The question sounds very dumb to me. Those who hate submitting the KYC form definitely have their reasons for doing that, and like you said, anonymity was truly what everyone appreciated most about cryptocurrency system. I remember vividly that it was the exact reason I got convinced to go into casino gambling.

But, what I see today is totally an opposite of it was then. Why even ask for these details at all? The questions asked, are they not intruding into a players private affair? And also, how do we trust these sites wholeheartedly to be sure the information is safe with them. All this are the reasons why most gambles never find filling KYC form interesting at.

The question asked by OP seems dumb but there always a reason behind every action and in this situation only the OP knew the reason why he ask the question
With that been said, we cannot blame some gambling site which implemented the KYC system because it took them fortune with huge hours to get their license and to build the name/image of their company and it will be a pain in the butt if someone out there spoil all what they built for many year just in a seconds.
They are implementing the whole system as a precautions and every gamblers which is not cool with KYC idea could just make use of other site which require no KYC.

[harizen]

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?

Refer to the usual requirements on a centralized exchange. It's almost just the same.

But here in crypto, I have rarely seen a sportsbook that implements KYC strictly although some included in their terms. Just be fair and you will have no problem. No torture at all.

Anyways, why asked this question? Kind of confused on "if you deposit with bitcoin". Whatever crypto used for deposits, as long as accounts have shown irregularities, then expects a question from the sportsbooks support.

[noormcs5]

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.

First we need to decide if KYC is absolutely necessary for the gambling sites or not. If it is necessary, then kyc should be made compulsory for all the gambling sites. If you make kyc mandatory in few casino sites and not in others, people will shift to the sites which do not require kyc and hence it will be a disadvantage for the sites where kyc is must.

[justdimin]

What the heck why there's a KYC also in gambling. Is this a joke?  Lol it's very unfare to be honest what i mean. because  we all knows gambling is illegal and once goverment become interested on it for sure they can easily find us because of that stuff.  So no way much better to stay away on it for the sake of our information.

Sounds strange to you?? ol this is the new and latest trend bro. Almost all gambling sites now request for KYC. Not only is this unfair but I would say that it is terrible. A good friend of mine still has his money stuck to a site because he couldn’t meet up to the KYC process. It was not a small amount of money and according to him, he only got to know about it when it was time to withdraw .I felt really bad for him and I could just put myself in his shoes.

There are a lot of gamblers, that play from countries where gambling is declared illegal because of the ability to hide IP address and play anonymous. So what is the aim of KYC, is it to scare away this gamblers or how would they cope with this. Its absolute shit I must admit and its important for the issue to be addressed.

[Oilacris]

Some casinos are being regulated which in result they would need to abide with the laws that why they do ask KYC but majority of them nowadays

do only ask verification if there are various issues related to your account but besides on that they don't really ask something before you can able to play unlike on other typical casinos.

I think this regulation process is what so many gamblers are yet to understand correctly hence the fuss about KYC in gambling section. The truth is, no gambling site likes to lose its client and if the clients are not cool with submitting their private information, they could make it optional but the regulation which is mostly done by the government makes this difficult for them to do.

For me, I do no see ant big deal with this, once you have a trusted casino site, you should understand that whatever information submitted is safe. The only  thing is to try as much as possible  to avoid scam sites. Scam sites that ask for KYC can be very dangerous and they are the reasons people find it difficult to trust other genuine sites.

I think you also do not really understand it very well. This isn’t about regulation but about intruding into a player’s privacy. If you have studied crypt correctly, you will understand that many are interested in it because of its decentralized system, which supports anonymity to a very great extent. This is not an issue of trust or safety; it’s a matter of players not wanting to disclose their identity on a gambling platform. I think we should get that right.

Personally, if it gets to a point where KYC becomes compulsory on gambling sites because of the government policy, I might be left with no choice than to quit gambling completely because if I would drop my identity on any site, then definitely not on gambling platform, reasons are best known to me.

It wont really come to that point for sure.There might be some crypto gambling sites that do abide government policy but not all.This is the beauty of crypto gambling

this is why its booming up and been preferred by most people even those players from typical online fiat casino do consider out crypto gambling due to this anonymity and decentralization things.

[South Park]

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.

Most casinos will not require KYC when you are making a deposit but if you win and you want you cash out some casinos will not let you do it until you pass KYC, this disparity in their policies is what makes some people angry about having to pass KYC, after all if the casino asked them to pass KYC before they deposited any amount of money chances are they will avoid that casino and play somewhere else but once they win they have to go through it or they will never get access to their profits.

[2double0]

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?

If you are doing something shady like parking your coins at their website and trying to withdraw without betting, then you will be at their radar to show who you are and what are you dealing with. For that, they may also ask you for online copies of your utility bill, passport, election ID, your SSN number, tax return slip and ID, etc. They will try their best to get their hands on you if they find you to be involved in any criminal or money laundering activities.

[FanEagle]

I am not in favor of clearing KYC with gambling houses. Still, I have done few times for the reason of getting eligible for withdraw. I am into crypto space for the reason of being anonymous but again enforcing me for revealing my identity is something which makes my reason invalid why I am here.

[Spaffin]

I can not understand a bit why gambling may require passport data.  How can a gambler launder money if he sells nothing and does not buy, but spends money on bets?  In addition, how many percent sure that a gambler will win?  I think that talking about money laundering is pointless.

[shoreno]

I can not understand a bit why gambling may require passport data.  How can a gambler launder money if he sells nothing and does not buy, but spends money on bets?  In addition, how many percent sure that a gambler will win?  I think that talking about money laundering is pointless.

Kyc Is not all about money laundering but it do have lots of purpose  . kyc on a gambling/sportsbook is infact usual and okay to do , you will be shock when i tell you that even bounties and airdrops today did also require a kyc . these activities didnt need a cash or a crypto in order to get started  , so will you still complain and argue that a sportsbook/casino will ask for a kyc/pasport ?

[freedomgo]

you will be shock when i tell you that even bounties and airdrops today did also require a kyc . these activities didnt need a cash or a crypto in order to get started  ,

I'm not shock at all, I know this, some requires KYC, some didn't.
it's up to the particiapant whether they will comply or not because rules of the bounty still prevail.

so will you still complain and argue that a sportsbook/casino will ask for a kyc/pasport ?

However here, we are the boss, if the gambling site requires KYC and we don't like it, we don't need to complain as we can also find another gambling sites that would cater us.

[Spaffin]

I can not understand a bit why gambling may require passport data.  How can a gambler launder money if he sells nothing and does not buy, but spends money on bets?  In addition, how many percent sure that a gambler will win?  I think that talking about money laundering is pointless.

Kyc Is not all about money laundering but it do have lots of purpose  . kyc on a gambling/sportsbook is infact usual and okay to do , you will be shock when i tell you that even bounties and airdrops today did also require a kyc . these activities didnt need a cash or a crypto in order to get started  , so will you still complain and argue that a sportsbook/casino will ask for a kyc/pasport ?

I think that for my part there is no reason to express any dissatisfaction, because I do not see any problems that would prevent me from providing my passport data, especially since today there is a tendency that is aimed at legalizing cryptocurrency, but without control and  Without the provision of KYC, this is not possible.  Nevertheless, I believe that in some cases it is not necessary to provide passport data, especially in gambling, where cryptocurrency is used and I am guided by logic.

[TheNewAnon135246]

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?

Best would be to read the ToS of the website you are using/want to use.