KYC Process (Sportsbook) - page 4. | Bitcointalksearch.org

ethereumhunter

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Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

redsun114

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Quote from: Irvinn on July 26, 2019, 01:50:25 PM

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.

bitgolden

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Quote from: Oilacris on July 27, 2019, 12:26:12 PM

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.

hahay

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Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

Ararbermas

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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.

Oilacris

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Quote from: FanEagle on July 27, 2019, 11:20:12 AM

Quote from: Finestream on July 25, 2019, 12:04:12 PM

Quote from: joshy23 on July 24, 2019, 11:10:31 AM

Quote from: kingpin4321 on July 24, 2019, 10:58:51 AM

Quote from: Adriano2010 on July 23, 2019, 08:22:23 AM

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.

FanEagle

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Quote from: Finestream on July 25, 2019, 12:04:12 PM

Quote from: joshy23 on July 24, 2019, 11:10:31 AM

Quote from: kingpin4321 on July 24, 2019, 10:58:51 AM

Quote from: Adriano2010 on July 23, 2019, 08:22:23 AM

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.

Spaffin

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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

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Quote from: goaldigger on July 25, 2019, 09:00:18 AM

Quote from: Dreamchaser21 on July 23, 2019, 12:29:37 AM

Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

JohnBitCo

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Quote from: goaldigger on July 25, 2019, 09:00:18 AM

Quote from: Dreamchaser21 on July 23, 2019, 12:29:37 AM

Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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 Huh

You have not given your private key but there would be many people who would have become victim of this scam.

fortunecrypto

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Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

maydna

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Quote from: kingpin4321 on July 24, 2019, 10:58:51 AM

Quote from: Adriano2010 on July 23, 2019, 08:22:23 AM

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.

passwordnow

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Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

Quote from: jayjayo on July 22, 2019, 10:20:23 PM

- 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.

Botnake

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Quote from: adzino on July 26, 2019, 03:10:05 PM

Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

syamster

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Quote from: Best Dreams on July 26, 2019, 09:05:12 AM

Quote from: goaldigger on July 25, 2019, 09:00:18 AM

Quote from: Dreamchaser21 on July 23, 2019, 12:29:37 AM

Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

adzino

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Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

Irvinn

full member

Activity: 966

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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.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: joshy23 on July 24, 2019, 11:10:31 AM

Quote from: kingpin4321 on July 24, 2019, 10:58:51 AM

Quote from: Adriano2010 on July 23, 2019, 08:22:23 AM

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.

bitgolden

legendary

Activity: 2926

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Leading Crypto Sports Betting & Casino Platform

Quote from: kingpin4321 on July 24, 2019, 10:58:51 AM

Quote from: Adriano2010 on July 23, 2019, 08:22:23 AM

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.

Best Dreams

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Quote from: goaldigger on July 25, 2019, 09:00:18 AM

Quote from: Dreamchaser21 on July 23, 2019, 12:29:37 AM

Quote from: jayjayo on July 22, 2019, 10:20:23 PM

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.

Topic: KYC Process (Sportsbook) - page 4. (Read 6504 times)