Post
Topic
Board Gambling discussion
Re: KYC and the $5 hammer
by
logicgate
on 19/07/2019, 17:50:02 UTC
A theme  topic, whatever often talked about on this forum, is the $5 hammer attack.
Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree.
But then you get sportsbooks asking for photos and passports, and god only knows what else.
If a sportsbook wants all this, I respectly suggest they change to fiat.

The KYC should be implemented or should not be implemented. There should not be a case where you won big amount and the site start demand for kyc to withdraw a big amount. Such types of kyc are made mandatory just to avoid withdrawing the big amount of money out of casino.
  It is very important to show your strategies and to make plan for anything you wanted to do in you gambling. KYC  is good because it helps us to get away from so many bad effects of scammers and thieves so it is for our own safety because it makes us secure KYC is actually demanded in every investing site.