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Author Topic: #1 RATINGS of BITCOIN SPORTSBOOKS : poster book discussion  (Read 220393 times)
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vennali
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April 16, 2019, 07:08:15 PM
 #3181

As a truly anonymous platform, BetBTC doesn't make KYC procedures, even for bigger withdrawals.

Even if there are suspicious activities, asking for personal documentation would not help us figure out anything.

From what I understand, sites require KYC to follow certain regulations that allow them to operate. This is because most of them are registered at a country which requires them to do so. Is your site not part of a country that asks for it ?

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April 16, 2019, 07:37:17 PM
Last edit: April 16, 2019, 07:54:44 PM by acegilz
 #3182

As a truly anonymous platform, BetBTC doesn't make KYC procedures, even for bigger withdrawals.

Even if there are suspicious activities, asking for personal documentation would not help us figure out anything.

From what I understand, sites require KYC to follow certain regulations that allow them to operate. This is because most of them are registered at a country which requires them to do so. Is your site not part of a country that asks for it ?

Majority of sites operating with bitcoin do not require KYC.
When they do (require), they would ask for Id on all withdrawals.

KYCs required on big withdrawals are not part of regulation, because regulation applies to all accounts whatever the withdrawal amount. (You cannot withdrawal $5 from a fiat sportsbook without being identified)

In short, asking kyc on withdrawals is just an intimidation measure /win some time imo
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April 16, 2019, 08:49:08 PM
 #3183

As a truly anonymous platform, BetBTC doesn't make KYC procedures, even for bigger withdrawals.

Even if there are suspicious activities, asking for personal documentation would not help us figure out anything.

From what I understand, sites require KYC to follow certain regulations that allow them to operate. This is because most of them are registered at a country which requires them to do so. Is your site not part of a country that asks for it ?

Majority of sites operating with bitcoin do not require KYC.
When they do (require), they would ask for Id on all withdrawals.

KYCs required on big withdrawals are not part of regulation, because regulation applies to all accounts whatever the withdrawal amount. (You cannot withdrawal $5 from a fiat sportsbook without being identified)

In short, asking kyc on withdrawals is just an intimidation measure /win some time imo
I agree with the above. KYC is a form of intimidation that may lead to an excuse for a book not to pay. One reason that I play at bitcoin books is to remain anonymous.

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April 16, 2019, 08:52:41 PM
 #3184



Very rare. There was a 6 figure payout USD. They asked just to make sure they had the right person since it was a substantial amount and they didn't want to send it to the wrong person.

Right person for what though ? They don't really have our personal information like Names/addresses. So they won't be able to confirm much from just a random ID, and know if its the same person who created the account.
I'm not 100% sure of all the checks that were done but Nitrogen but payment was made.

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April 16, 2019, 08:56:37 PM
Last edit: April 17, 2019, 02:11:54 AM by Peeps Place
 #3185

Sportsbet and Cloudbet seem to be the books that ask for KYC the most.

Saw many cases where cloudbet asked for KYC so yeah , but for sportsbet they don't usually ask for KYC unless they suspect something going on like avoiding betting limits , suspecting double spending or abusing the promotions like the price boost
they ask for KYC for large balances as well , but I know some guys who had like 0.5 BTC with them and they didn't ask them for KYC

At how much do the sport betting sites usually start getting worried and request for your ID and documents?  I bet small, so I wouldn't know.

And I've never seen so much people complain about it than here at BCT.  In online poker it's like just another thing to do if you wanna start playing at some site and be able to withdraw your money.  Lol.
I think part of the reason that you hear about it more here than elsewhere is that BCT doesn't concern fiat books and poker rooms. KYC makes sense if playing in fiat currency.

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April 17, 2019, 12:14:08 PM
 #3186

There is a manual withdrawal process instead of automatic which is why KYC is more common in those places, at least on cloudbet for sure.

If you leave it to automatic you just put some conditions in there and if the conditions are not met than you do not allow the withdrawal, for example someone who just deposited and played and wants to leave all under 30 minutes could be weird so they do not allow that but in most other cases it should be allowed, other places do those kind of stuff where they have parameters and if you are inside those parameters you can withdraw instantly, if you are not than they look into it manually.

Cloudbet has constant manual withdrawal which is why it is much more common to get KYC and it is an antique way of taking care of withdrawals if you ask me.

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April 17, 2019, 02:16:13 PM
 #3187

^  Cool...  Are you planning on getting a no KYC/AML exchange online too?  That would be awesome.  Lol.  Grin

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April 17, 2019, 05:42:02 PM
 #3188

We are very proud to inform you that BetBTC is now featured on Bitedge's Odds Comparison Tool.

With this tool you can check anytime what are the best odds, on the various crypto sportsbooks.

BetBTC has the best odds more than 65% of times, when compared to all other websites - The observation is made from Bitedge, not related with BetBTC)

To visit the tool, follow this link


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April 17, 2019, 05:50:37 PM
 #3189

Interesting to know betbtc is among the highest to offer better odds then their other competitor sites. Even the one which I regularly use is among the lowest on the list. Undecided
And with peeps mentioning those other two sites do require kyc the most upon requesting it to verify their players. I would believe it is safe to say your site would be preferred over them just for this alone. Because of the users who I have seen complaining about this from those other sites all the sudden after they ask for a withdraw.

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April 17, 2019, 07:04:50 PM
 #3190

From that list just posted above, 1xbit is another heavy handed KYC site. They also offer a second set of lines with increased margins to those lucky enough to be winning.

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April 18, 2019, 01:22:38 AM
 #3191


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