Topic: Crypto stuck in sports betting site, now they want KYC - page 2. (Read 1073 times)

^ It seems a loophole to the unpopular gambling casino, if you violated the rules they have a reason to lock your account and forfeited your balance without knowing you and you did not receive even any single response. However, it is opposite to the reputable gambling casino, probably KYC is a part to boost their users for legalities which are following government protocol by having a full KYC procedure.
Nevertheless, for the large amount, this will always be expecting that there is KYC, that is why I prefer to read first the TOS before using any gambling platform casino which gives you a knowledge towards their TOS.

Depends on the site. If it's those unpopular websites, expect that there will be no fair judgment on the case. Those sites will not give $1,200 in just a simple KYC as a solution. If it's involved legit and popular websites, as long as everything turned good on their investigation, the chances of getting that amount are high.

OP never mentioned the name of the site. Only if we know it, we might contribute to pressuring the site if we see it's unfair.

Locked accounts usually don't get any replies. I honestly don't think you can get $1200 back. Of course, you have to try your luck to the fullest. Hope you can get your money back.

What I've experienced with bad money that we get with the KYC rules has become a common thing. I've experienced things like this on gambling websites. the account that was said recently is still bronze level, but luck came to me at that time 4300$ from the dice bet. I want to withdraw it but it is held for a day, the conditions must be kyc first. after kyc finished the withdrawal was successful

Locked accounts usually don't get any replies. I honestly don't think you can get $1200 back. Of course, you have to try your luck to the fullest. Hope you can get your money back.

Locked accounts usually don't get any replies. I honestly don't think you can get $1200 back. Of course, you have to try your luck to the fullest. Hope you can get your money back.

Sometimes gamblers don't really think about the TOS when everyone is about to enjoy.

Everyone is having that thought that it's totally okay to break what's against the casino rules because they've ignored it and thinking that everything is going to be fine.

If it's a big amount that you'll deposit, much better to be aware of the rules like that simple usage of VPN. It's better to ask the representative before using it.

Just remember for next time though that you want to play on sites that have clear no KYC policies. KYC is a double edged sword - it can very easily be abused.

If OP can afford to leave the money then this thread should not exist in the first place. Most of the sports betting site has the included in the TOS about KYC requirement, and in this case, as long as it's part of the TOS, then OP has nothing to complain about, either he complies or will not get the crypto in his balance.

I'm from the states and have been using a betting website to do some light sports betting. They do not allow US citizens and so I used a VPN to gain access. They only require an email address to create an account, and no KYC unless you want to buy crypto directly from them. I will not name the site for various reasons.

Anyways, sometimes I try to login to the site before setting my VPN and it simply tells me I'm in a restricted area. Never had any issues though, I just flip on the VPN and all good. I've been using this site for about 2 months now. Today I logged in and and it was requesting I input my phone number to proceed. It said I can withdraw funds but services were restricted until I enter my phone number. So I created a fake number from Hong Kong, and entered it in. It sent me a code and I entered it. Little did I know Hong Kong  is also banned from this site (I know I know, I was just in a hurry to place a bet). Now my account is locked and they will not allow me access to even withdraw until I go through full KYC.

I have about $1,200 of BTC in there, nothing crazy. If I KYC myself they will simply say I broke their TOS and lock me out forever (I did the research on this already). KYC consists of ID, recent bills, and photo of yourself holding ID. The only piece of information this site has on me is an email address.

I have friends who have friends in other countries. Some of those friends of friends live in impoverished countries. What's stopping me from using them to KYC my account and then giving them a piece of the stuck funds? I would only need to gain access to retrieve the funds and would not continue to use the account or website.

Is this a good idea and do you think it will work? Worth the $1,200? My only hesitation at this point is asking the friend and they go through the hassle but then it goes sideways and still do not gain access to my account.

This is the problem on giving fake details, you really have to explain everything to the site so you can be able to access your account again, looks like the problem is still not solve since the thread is still open. Well, I’d rather fill up the KYC than to freeze my account especially with my money still there, if OP can afford to lose the money then abandoning his account is another option.

I dont know if the problem is fixed already but your only choice is to proceed the KYC they're asking. But of course it will leave a great risk since you're already gave them a fake information so you will provide them a fully fake information and its a big no no.

They have a very flexible rule which is always in their favor.

Actually, they would not care if you are losing, but if they notice that you are making a huge money and that will trigger them to use their TOS to prevent you from winning, it's a kind of cheating on their part but it's not against the law because the gambler is the one who broke rules in the first place.

Exactly.

Even though OP has friends in other countries where it is legal, I doubt that the gambling site he was talking about will let it slide. Gambling ToS once violated has a consequence, and even though your money is in their, I bet they will just simply tell OP about what he did and he will never get the money out of their.

It was OP's fault clearly, because he already knew what's gonna happen once he get caught.

Well from the looks of it, you have violated their TOS so that's ground for your account to be banned.
But the thing is that you have money there so their is the issue. I doubt though that you can get your money back for the simply fact, as I have said previously, there is a violation on your part. So sorry to burst the bubble for you, but chances are slim that you will get your $1,200.