KYC Process (Sportsbook) - page 6. | Bitcointalksearch.org

leowonderful

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Yep, usually a selfie and a utility bill if applicable and that's about it for most places. Some sites go out of their way to request difficult to procure documents just to prevent certain people from withdrawing, but for most sites you just need an ID and a utility bill and you should be set.

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

If you have to submit to KYC then you might as well just use a regular casino instead that is more heavily regulated. A lot of people are using crypto casinos to stay somewhat anonymous and everything gets thrown out the window when this happens.

The problem is some sites request KYC on withdrawal, and most sites that do this don't warn you about needing to submit KYC to withdraw before deposits.

MI6

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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?

For now i rarely to see some sites whether it is gambling or trading site that ask our utility bills, usually if tier 1 KYC only ID and ask us to take selfie for it. Maybe that thing already enough for me when want to use service of online sites that ask users to do KYC.

Theb

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I haven't heard much about KYC process when your are depositing money on a gambling site its when withdrawing what you one that some sites ask you KYC and I get that because unusual amounts being withdrawn do need to undergo a verification and fraud assessment process before they let it go. Usually what gambling sites asks are just public IDs and proof address that you are living in that country.

bitcoin31

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Only few gambling site who implementing KYC and they have differetn requirements about KYC other need to pass for sure ID that is no. 1 requirements. Most of the gambling sites did not implementing KYc so choose the gambling sites Who needed only email verification and other minor requirements that hide your real Identity for them.

The Cryptovator

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The website will give you instructions what you need for KYC. I think most of sportsbet will not ask you for KYC, if need they might ask for specific documents. Photo id would be primary document to prove yourself. Utility bill or Bank statements would be prove your address. Always we should read terms of service if there is any other requirement.

suzanne5223

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Quote from: SyGambler on July 22, 2019, 10:53:18 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?

the majority of the old sites don't ask for KYC so you don't need to worry about it , the only site that asked me for KYC was a site that disappeared long time ago
but yeah in case they ask for that then they usually ask for the ID and Utillity Bill ( or any other document that proves where you are living )

To my own understand base on what I have seen so far, no sport book gambling site will ever ask you for KYC as the deposition is concern and the only ask for KYC when you make withdrawal. However, they usually ask for a copy of valid identification (passport, driver's license), proof of address (recent utility bill or bank statement) and a picture of of the player containing a proof of date etc.

shoreno

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Quote from: audaciousbeing on July 23, 2019, 08:46:36 AM

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?

It actually differs on various sites depending on how much they want to 'torture' you. Some can go as far as requesting for your international passport and others can even told you to snap with today's newspaper. However, the concern I have is that for someone who wants to carry out money laundering using the gambling site, getting a fake ID or buying other people's identity who does not even have anything to do with the site won't be a problem to them. But the KYC would be a control measure and not necessarily a torture. You only need to visit the site you are comfortable with what is being requested and that should settle it.

lol so you think kyc is built to torture people ? to some scammers yes but for a legit company they will only keep your kyc in the vault after they have done using it . and i dont think the kyc process differs from site to site because i have been on a different sites before that requires a kyc and all of them usually ask for a drivers license or a passport and then a selfie of you hodling the said i.d'/s . there are some sites that are strict and will schedule you a video call ,to see if you arent faking them .

joeperry

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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.

audaciousbeing

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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?

It actually differs on various sites depending on how much they want to 'torture' you. Some can go as far as requesting for your international passport and others can even told you to snap with today's newspaper. However, the concern I have is that for someone who wants to carry out money laundering using the gambling site, getting a fake ID or buying other people's identity who does not even have anything to do with the site won't be a problem to them. But the KYC would be a control measure and not necessarily a torture. You only need to visit the site you are comfortable with what is being requested and that should settle it.

Indamuck

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If you have to submit to KYC then you might as well just use a regular casino instead that is more heavily regulated. A lot of people are using crypto casinos to stay somewhat anonymous and everything gets thrown out the window when this happens.

Oilacris

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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?

Which sportsbook you are talking into? Most of sportsbooks doesn't require any KYC for you to make bets unless if you are dealing with Fiat based.

YuginKadoya

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I only see KYC as protection over the transaction for the owners so they will know the identity of each gambler, It will sure gonna take away each gambler's anonymity and their identity exposes, Well I am against this KYC thing but if it is for gambling sake I don't see any reason to let the trust over anonymity take over every transaction, This is cryptocurrency anyhow!

Well, I guess there are places and services that needed most of this KYC thing but I guess they can let it slide when people are just gambling and don't let them take peoples identity that will only benefit their own gambling site, There are old gambling sites that don't require KYC and it is trusted by the people in the crypto community.

Adriano2010

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If the casino you choose ask KYC you then you should read what they ask and do it, some casino's may ask a selfie with ID, but if you follow rules you should be ok if the casino you join is legit.

robelneo

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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?

First, are they asking you to do KYC for them and for what reason they are asking you to do KYC, they should have a valid reason why they are asking, some of them are not asking KYC, and if they are going to ask for KYC Passport and Utility bill is just enough, they might ask you to do photo with you holding your passport but ask if it is ok to put a watermark for specific purpose.

avikz

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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?

Firstly, you won't have to go through the kyc process if you are playing in a crypto casino! However, some licensed casinos may require your kyc documents if their local law demands it.

Secondly, kyc process requires you to verify you identity and address. Any document that can verify these two parameters, can be accepted as KYC proof. Example is passport where you can verify both of these parameters with a single document.

There is no proof of deposit is required as general practice!

davis196

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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?

There's no KYC verification when you deposit.KYC verifications must be conducted only before withdrawal(which is a pretty sneaky way for the casinos to keep your coins and try to scam you).
In most cases ID photo/scan should be enough.I've never heard about having to post utility bills or other documents.Yeah,I know that KYC sucks,but we should comply by the rules.

Haunebu

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Quote from: Vaskiy on July 23, 2019, 01:45:09 AM

These days cryptocurrency users will always skip the websites that request KYC fulfillment as cryptocurrency users prefer to be anonymous.

I don't think so. It all comes down to the site itself at the end of the day. If the site in question is really popular like Binance, many would be willing to submit their KYC documents in such a scenario.

Bounty campaigns also request KYC after it ends and the campaigners forcefully end up submitting their KYC documents which is something I personally hate.

vintages

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OP, your bet option is to message the support unit of the website you intend to use for enquires before proceeding to registration. Also, don't skip but read the terms and conditions of that website, any needed KYC information is mostly written there.

Quote from: Vaskiy on July 23, 2019, 01:45:09 AM

Every gambling website require signing up of an account, other than that there isn't any more verification involved other than the email verification. Exchanges were the one that request for the KYC as there will be huge withdrawals. These days cryptocurrency users will always skip the websites that request KYC fulfillment as cryptocurrency users prefer to be anonymous.

Some gambling sites are now requiring for it. Its their way of controlling underage gambling and money laundering. Moreover, the country the site is located in do have gambling policies that are requires obedience. Its all about using the website that meets your terms.

Upgrade00

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

The worst thing about KYC is when they ask you to submit your private keys, that means its a scam.

I have never come across a KYC process which required one to submit their wallet address, and doubt there is. Such information is not needed to prove the identity of someone and also is not meant to be shared.

Vaskiy

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Every gambling website require signing up of an account, other than that there isn't any more verification involved other than the email verification. Exchanges were the one that request for the KYC as there will be huge withdrawals. These days cryptocurrency users will always skip the websites that request KYC fulfillment as cryptocurrency users prefer to be anonymous.

Topic: KYC Process (Sportsbook) - page 6. (Read 6520 times)