KYC Process (Sportsbook) | Bitcointalksearch.org

FontSeli

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Quote from: spadormie on October 03, 2019, 03:53:36 PM

I don't really take KYC in gambling sites but it is needed sometimes if you win big(in which I haven't experienced since I didn't get the chance to have a big prize). But refer to the old sites such as bitsler, bitvest they don't ask KYC. And in stake and primedice since they are of the same owner, they are asking KYC if you win big.

In General, it is unfair to demand to take the KYC in case of receiving a big win. Users should know that they can safely play, place bets and be sure that in any case they do not need to pass an identity check. The passage of the KYC is fraught with the fact that you will be stored personal information on these sites and it can be associated with wallets from which you send money and receive winnings.

bitgolden

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Quote from: RivAngE on October 03, 2019, 03:11:55 AM

It's a gamble when you're providing your personal info to a gambling site!
You may get your information exploited or they might be a trustworthy website which is operating in accordance to the law and they're respecting their customers.

Going with a non-KYC website might be safer for low-volumes but can such websites be trusted bigger amounts?!

I am very sure anyone gambling non-KYC would be aware of the risk, even though the reason why some sites ask for kyc is justified but not everyone would always avoid taking the risk. There are a lot of big old existing trusted casino sites that do not ask for KYC and to think that most of them are actually more reputable than some of the ones asking for kyc makes me wonder what people see in those kyc sites.

I don't see any reason why a gambler would want to risk playing on such sites knowing the risk involved in exposing one’s personal details on a gambling site. In this note, I have never played games on sites demanding for Kyc and as a matter of fact, I am okay with the sites I am using, not running after too many sites.

steveabrahams

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Quote from: Golftech on October 04, 2019, 09:35:30 AM

Quote from: steveabrahams on October 03, 2019, 11:47:45 PM

Most of crypto sportsbook don't need KYC process but it will needed IF your account looks suspicious by the site such different IP, location, multiple accounts or winning big (for some sites). If it needed, usually are your ID, Utility Bill, bank statement, take a photo you with your ID and else.

Gambling sites have their own reasons why to ask for KYC, and like what you have said, those reasons from the list mostly happened especially when your account have suspicious movements inside the house. You need to process this procedure as it will give more access to that specific gambling house after passing the required identification.
For those who are just playing little and there's no problem with the account, they can enjoy using the house without any issues.

True, small gambler usually can gamble without problem at all, easy and fast withdrawal but when it comes to big bettors the house usually check it first like if you withdrawal 5 bitcoins, of course the site will check the account first. Actually i heard so many times a case where that once you won big and withdraw, some sites will ask you to verify KYC.

Ailmand

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Haven't tried betting sites with KYC requirement. There are a lot of betting sites that don't require this. Gamblers avoid hassle when gambling, so they avoid gambli g sites with KYC.

The most common procedure is to send a selfie with you holding a paper, a certain word and current date and a picture of valid ID as proof.

sana54210

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Quote from: Question123 on October 03, 2019, 07:10:40 AM

You have a choice if you choose them or not if you think that their requirements is a lot you can leave and don't play to their gambling sites. Because there is more gambling site that do not need any information or verification of the player only the email and password and needed and they are legit. Sometimes those gambling site who need a lot of requirements is possible to scam and use your Identity to other bad activities.

I think the area of choice is what is been ignored by many and it's really disheartening. Some players are so obsessed to some sites that they would not mind filling the KYC form at their detriment. There are a lot of gambling sites and if I am not mistaking the ones asking for KYC are by far lesser than the sites that do not ask for KYC, so let's be fair it's not compulsory.

So, if you aren't pleased with exposing your personal details, there is an option of gambling on a site that does not ask for this. For me, I have seen sites that I love to play games asking for KYC and for the love of the game and the love of the site, I would take the risk but not everyone can do this. We all know that gambling on KYC sites is a great risk.

Golftech

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Quote from: steveabrahams on October 03, 2019, 11:47:45 PM

Most of crypto sportsbook don't need KYC process but it will needed IF your account looks suspicious by the site such different IP, location, multiple accounts or winning big (for some sites). If it needed, usually are your ID, Utility Bill, bank statement, take a photo you with your ID and else.

Gambling sites have their own reasons why to ask for KYC, and like what you have said, those reasons from the list mostly happened especially when your account have suspicious movements inside the house. You need to process this procedure as it will give more access to that specific gambling house after passing the required identification.
For those who are just playing little and there's no problem with the account, they can enjoy using the house without any issues.

stadus

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Quote from: steveabrahams on October 03, 2019, 11:47:45 PM

Most of crypto sportsbook don't need KYC process but it will needed IF your account looks suspicious by the site such different IP, location, multiple accounts or winning big (for some sites). If it needed, usually are your ID, Utility Bill, bank statement, take a photo you with your ID and else.

We don't want to be in that position if we really like to gamble anonymously.

Different IPs seems not suspicious I guess and it's not a violation of the rules in any gambling sites.
I have been gambling for years and I have different IPs since that's norms of our ISP, every time I turn on the router, it gives me a new IP.
I think as long as you always follow the rules, you will never be investigated and will be required to pass through the requirements, like the KYC.

steveabrahams

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Most of crypto sportsbook don't need KYC process but it will needed IF your account looks suspicious by the site such different IP, location, multiple accounts or winning big (for some sites). If it needed, usually are your ID, Utility Bill, bank statement, take a photo you with your ID and else.

bering

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Quote from: spadormie on October 03, 2019, 03:53:36 PM

I don't really take KYC in gambling sites but it is needed sometimes if you win big(in which I haven't experienced since I didn't get the chance to have a big prize). But refer to the old sites such as bitsler, bitvest they don't ask KYC. And in stake and primedice since they are of the same owner, they are asking KYC if you win big.

KYC if people win big is exception which mean if there is suspicious things from players activities during gambling on particular sites then usually they will asking players KYC to proof the players didn't cheat and usually it is written in FAQ sites but we're at here talking about KYC when people want to made an accounts and play at gambling sites and most people want to avoid it because they including me want to stay anonymous while gambling

Natalim

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Quote from: hahay on October 02, 2019, 03:56:21 PM

Torture.

Even so far I have never used a sportsbook that requires users to send personal identities, not sure if gambling like that is still in high demand or is used by crypto gamblers so far, because there are still many big and famous gambling sites that don't apply KYC.

Of course, gambling sites in the crypto space now are giving the best service as most of them are not license, when they are license they will have to follow the restrictions by the regulators and that we will be affected, and one of the the most important requirements they need to implement is the KYC which for us not worth since most of us are not gambling thousands of dollars or more.

dunfida

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Quote from: spadormie on October 03, 2019, 03:53:36 PM

I don't really take KYC in gambling sites but it is needed sometimes if you win big(in which I haven't experienced since I didn't get the chance to have a big prize). But refer to the old sites such as bitsler, bitvest they don't ask KYC. And in stake and primedice since they are of the same owner, they are asking KYC if you win big.

Are they asking out KYC when you win big into those sites you've mentioned? You make me laugh dude!
They dont ask out any documentation or further verification if you win big to those sites and majority of old gamblers do knows that
specially to those who have been playing for years unless if you done something shady then there would be a possibility of verification.
Heavy KYC requirement does only being implied strictly with fiat based casinos/bookies.

TheNewAnon135246

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Gambling comes with licenses and restrictions. KYC is ine of them, everybody knows that.

pixie85

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Quote from: Question123 on October 03, 2019, 07:10:40 AM

You have a choice if you choose them or not if you think that their requirements is a lot you can leave and don't play to their gambling sites. Because there is more gambling site that do not need any information or verification of the player only the email and password and needed and they are legit. Sometimes those gambling site who need a lot of requirements is possible to scam and use your Identity to other bad activities.

For now you have a choice so choose wisely. One day KYC may become mandatory everywhere and you won't even be able to have an email without submitting your ID.

As long as there are sites where you can gamble without KYC always choose them. Your personal data is valuable and can be sold on the black market or leaked and then used to produce a fake ID for someone. Don't do KYC unless you really have to like in a bank. Choose exchanges and other sites that don't need to see your ID promote anonymity!

spadormie

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I don't really take KYC in gambling sites but it is needed sometimes if you win big(in which I haven't experienced since I didn't get the chance to have a big prize). But refer to the old sites such as bitsler, bitvest they don't ask KYC. And in stake and primedice since they are of the same owner, they are asking KYC if you win big.

MonsterV

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Quote from: hahay on October 02, 2019, 03:56:21 PM

Torture.

Even so far I have never used a sportsbook that requires users to send personal identities, not sure if gambling like that is still in high demand or is used by crypto gamblers so far, because there are still many big and famous gambling sites that don't apply KYC.

Yeah, I think sportsbooks that require players to do KYC can't be trusted. What you are saying is true that a large gambling site does not require KYC, what will happen if a new gambling site requires KYC users , it must watch out for.

Quote from: Question123 on October 03, 2019, 07:10:40 AM

Sometimes those gambling site who need a lot of requirements is possible to scam and use your Identity to other bad activities.

Now that's true, even though there are no such sites in this section yet, but I'm sure as time goes by, the scammers will move from crowdfunding into gambling. But I'm sure, the gambling section has smart, active users so they are more aware and perceptive.

Question123

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You have a choice if you choose them or not if you think that their requirements is a lot you can leave and don't play to their gambling sites. Because there is more gambling site that do not need any information or verification of the player only the email and password and needed and they are legit. Sometimes those gambling site who need a lot of requirements is possible to scam and use your Identity to other bad activities.

RivAngE

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It's a gamble when you're providing your personal info to a gambling site!
You may get your information exploited or they might be a trustworthy website which is operating in accordance to the law and they're respecting their customers.

Going with a non-KYC website might be safer for low-volumes but can such websites be trusted bigger amounts?!

hahay

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Torture.

Even so far I have never used a sportsbook that requires users to send personal identities, not sure if gambling like that is still in high demand or is used by crypto gamblers so far, because there are still many big and famous gambling sites that don't apply KYC.

FontSeli

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Quote from: Hippocrypto on October 01, 2019, 05:20:31 PM

Quote from: FontSeli on October 01, 2019, 03:34:35 PM

When I was a student I bet on football at the usual bookmakers, which were placed a lot in my city. As a rule, they are always asked to write the passport data in the ticket to receive the prize. It is clear that they need it for reporting.
But why it is necessary to network bookmakers I do not understand and do not want to provide them with their KYC data. I don't want them to sell them to anyone else.

This KYC thing was useless, and it seems that the people is getting exhausted with it. If this process continues to occur on all sportsbook, customers will decrease and will prefer to choose those other online gambling sites who doesn't require any personal data. Exposing you private information isn't safe for us, and possibly your personal information could possibly be exposed to illegal activities.

That's right, it's like with casino sites, when after the introduction of KYC the number of users has decreased dramatically. Always in the case of other equality people will choose anonymity so as not to risk their documents.

Quote from: sana54210 on October 02, 2019, 04:19:03 AM

Quote from: FontSeli on September 27, 2019, 03:07:23 PM

I don't see why we should use sportsbooks who demand KYC if there are enough sportsbooks who don't demand KYC. Or do they have higher multiplier?

I think it is gradually becoming a norm with gambling sites to ask for KYC and I am no longer surprised at this again. You can really need to accept sporstbooks this way in very near future itself.

Well, I blame those complying and this is probably the reason it is now been more popular. But for me, filling KYC form is one thing I will never do in any casino site because it doesn't make it different from the regular fiat gambling. I hope This policy is changed because this is enough to scare gamblers away knowing how much they appreciate the privacy given to them on casino sites and if this advantage given by casino sites is taken away, it will be an open doors for gamblers to start going back to fiat since there's no difference between them any longer.

I don't want to put up with KYC and accept it as the norm. The crypto market was designed to allow people to make payments while remaining anonymous.
The exchanges was the first who broke this rule and introduced the KYC, now followed by the rest of the organization. I absolutely do not like this trend for the introduction of KYC.

sana54210

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Quote from: FontSeli on September 27, 2019, 03:07:23 PM

I don't see why we should use sportsbooks who demand KYC if there are enough sportsbooks who don't demand KYC. Or do they have higher multiplier?

I think it is gradually becoming a norm with gambling sites to ask for KYC and I am no longer surprised at this again. You can really need to accept sporstbooks this way in very near future itself.

Well, I blame those complying and this is probably the reason it is now been more popular. But for me, filling KYC form is one thing I will never do in any casino site because it doesn't make it different from the regular fiat gambling. I hope This policy is changed because this is enough to scare gamblers away knowing how much they appreciate the privacy given to them on casino sites and if this advantage given by casino sites is taken away, it will be an open doors for gamblers to start going back to fiat since there's no difference between them any longer.

Topic: KYC Process (Sportsbook) (Read 6504 times)