KYC Process (Sportsbook) - page 5. | Bitcointalksearch.org

goaldigger

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Quote from: Dreamchaser21 on July 22, 2019, 11:29:37 PM

Quote from: jayjayo on July 22, 2019, 09:20:23 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 .

imstillthebest

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Quote from: rhomelmabini on July 24, 2019, 10:14:28 AM

May we know what site is it that requests a KYC for a deposit?

i believe that its a new kind of site because new site tends to experiment and add new features that have never seen before .

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AFAIK most gambling sites don't ask a KYC for a deposit

yes but most of them require a kyc before or during sign up on the site .

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If you feel that you don't like it you can search other gambling sites (prefer the trusted sites) that don't require KYC's for sure you'll find some.

most trusted sites are now also requiring a kyc but thats better than unsecure ones that dont ask for a kyc .

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Ask there support first before continuing of passing some documents because if you do and sent wrong or low-quality documents (e.g. taken photo) and never require for another verification that for sure a trouble.

they should give a notice about that . it states that the pic must be clear if not it wont be accepted .

mich

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https://www.knowyourcustomer.com is a site that I have used to very my identity before
But most of the time you wont even be asked for a KYC unless the casinos suspect cheating or shady behaviors on your account.

ruthwithers1980

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I believe every crypto sports bettor hates KYC in casinos.

The Cryptovator

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Quote from: rhomelmabini on July 24, 2019, 10:14:28 AM

AFAIK most gambling sites don't ask a KYC for a deposit maybe you mistype it with withdrawal instead of deposit before you make this thread.

Most likely you are right, because no one would ask KYC for make an diposite. Whatever scam accusation I have seen most of them are during fund withdrawal time. That means few shady gambling/sportsbook asking KYC when a user want to withdraw their winnings funds. They make this drama just for scam people's. Even user submit correct documents they deny it in order to scam user.

rhomelmabini

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May we know what site is it that requests a KYC for a deposit? AFAIK most gambling sites don't ask a KYC for a deposit maybe you mistype it with withdrawal instead of deposit before you make this thread. If you feel that you don't like it you can search other gambling sites (prefer the trusted sites) that don't require KYC's for sure you'll find some.

Ask there support first before continuing of passing some documents because if you do and sent wrong or low-quality documents (e.g. taken photo) and never require for another verification that for sure a trouble.

joshy23

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Quote from: kingpin4321 on July 24, 2019, 09:58:51 AM

Quote from: Adriano2010 on July 23, 2019, 07:22:23 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.

kingpin4321

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Quote from: Adriano2010 on July 23, 2019, 07:22:23 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

bitgolden

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Quote from: Kasabus on July 23, 2019, 01:11:46 AM

Based on my experience using different sites in crypto, they never require a KYC because if they do, there are a lot of sites which can be our option.
However, I would like to relate it to not gambling site that requires KYC which I think it's the standard.
In some exchange, I submitted my ID, selfie, utility bill and even bank statement.

I believe you have not won some kind of money that would require them asking you for KYC at withdrawal because this is what a lot of these sites do these days. You will just be glad that the site is free of KYC requirement until once it’s at the point of withdrawal, they start demanding. This can be annoying really

The sites are aware that there are so many alternative sites that do not require KYC procedure, so putting it to players at the beginning might not do them well, so what most of them do, is to wait till the time of withdrawal especially when the money involved is quite big. I have something against sites that ask for KYC because I don’t trust them one bit and there is every tendency that this information can be leaked.

bering

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As far i know usually KYC required for withdrawal purpose and deposit so far not necessary to submit KYC and regarding the terms for KYC i think from sportbooks to other sportbooks maybe will have different requirements to submit KYC and it could be good if you asking first to them what type of documents to verified your accounts or before deposit you can read the FAQ

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Quote from: jayjayo on July 22, 2019, 09:20:23 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?

In most of the KYC process, they will ask for your front and back side of your Identity card and your picture holding your ID card. Some sites may require only your picture (and do not require you to hold it). Yes, sometimes it feels a torture doing a kyc when we are forced to do it. Undecided

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Quote from: jayjayo on July 22, 2019, 09:20:23 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 wonder what sportsbook sites offer KYC?
In my opinion KYC for a gambling site is not necessary if you use Bitcoin to gamble you don't need to provide proof of deposit because it's already recorded on the blockchain.

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Quote from: rachman mahesa on July 22, 2019, 11:26:47 PM

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.

This is just for deposit, how about during withdrawal of wins?

Op should be aware that they could demand for KYC during withdrawal even though they don't demand for it the beginning.
He should probably read their terms of service to avoid being trapped.

tsaroz

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Quote from: jayjayo on July 22, 2019, 09:20:23 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 haven't encountered any crypto based gambling site enforcing a KYC on me. Though there has been some cases of such.
It's easier to do a KYC with the ID and bank statement and most of the sites would stick with that at the current time.
I have always struggled to submit a Utility bill and would skip any sites implementing that.

iMark

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Quote from: joeperry on July 23, 2019, 08:52:33 AM

I've been invested to a sportsbook with a casino games before (Fortunejack to be exact) and I don't think they would require you to conduct a KYC process well it's important to look for a gambling website that accepts cryptocurrency that didn't required user a KYC we should remember that the cryptocurrency was made in order to have a privacy and to conduct a anonymous transaction and yet they will ask a KYC verification.

But we should also understand their concern it is to avoid multiple accounts that will abuse bonuses and to avoid money laundering.

Actually using IP filters is already able to minimize cheating on abuse bonuses, applying KYC will only reduce the number of players who will play on their site, that's the fact. all gambling players are wanted a privacy first when they join and use it for gambling, when there are KYC rules, of course they will stay away from it, Like me.

Dread Pirate Roberts

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Quote from: jayjayo on July 22, 2019, 09:20:23 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?

KYC's purpose is to show the authenticity of data and the legality of users using services. the most frequently asked is a state identity such as a national license or driver license and international identity such as a passport visa. KYC is not possible to ask for detailed credit card info or others use your own data wisely.

Becky666

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Quote from: jayjayo on July 22, 2019, 09:20:23 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?

Its surprising to see much Newbies asking questions regarding KYC, any gambling platform's that ask for such information are not decentralized gambling platform's rather a centralized platform with risk of exposing your privacy or selling out your privacy. If any gambling platform's as your KYC, you have to run run mate.

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Quote from: jayjayo on July 22, 2019, 09:20:23 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?

Normally wallet providers, ICO and exchanges look for your selfie photograph with the any of government ID proofs.
Such as Driving licence, passport, SSN number and so on.

But seriously not sure about the sports book KYC documents, may be same you need submit there too.

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Quote from: jayjayo on July 22, 2019, 09:20:23 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?

Depends on the sites but I am not sure any sites asking for utility bills? Only exchanges were asked for it when I am trading on it.

But the proof of deposit won't be asked on many cases only your nationality will be asked with address verification.

iyah adrian

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Quote from: Indamuck on July 23, 2019, 08:02:30 AM

A lot of people are using crypto casinos to stay somewhat anonymous and everything gets thrown out the window when this happens.

Even most people do not like things like KYC for gambling. And it's true what you say, people will gamble for anonymity without many people knowing our true identity. Plus if we play in the crypto casino with a small round, it is certainly not recommended to do KYC.

Topic: KYC Process (Sportsbook) - page 5. (Read 6520 times)