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.