Quote from: Fredomago on Today at 09:41:57 AM

Quote from: exbet.io on October 14, 2020, 08:45:09 PM

Quote from: deadley on October 14, 2020, 08:17:52 PM

Is KYC necessary in beginning? If it is not, I will sign up and deposit some funds to try.

hey deadley!

KYC is not required at the beginning.

All that is required to sign up and deposit is a functioning email. To enable withdrawals for the account you will need to verify your email address (by clicking on a link that we email to you). If the user wants to withdraw or deposit more than (BTC equivalent of) 2500 USD then a one-time KYC authorization is necessary.

All this is laid out in clause 5 of the Exbet T&Cs - we tried to be as up-front as possible about KYC requirements, but please let us know if there are more Qs.

Thanks!

Good to know especially if you are not that heavy gamblers who can stay below $2500 you can continue enjoying using the platform without the needs of verifying your identity.

Question though, is this applies only to gambler who wanted to withdraw that certain amount or it also applied case to case, I mean the KYC, any chance that it will be applied to anyone?

Most cases with suspicious activities inside the site, I understand that site owners
have the right to investigate to the point of asking for KYC.

Hi Fredomago

Suspicious activities are indeed something that need to be reported by the obligations of our license. There are no hard rules for what counts as "suspicious" - but we need to be able to report in a way that aligns with AML guidelines, which means keeping options open to do KYC at any time. We advise checking out the Exbet T&Cs available at exbet.io for specific details. Clause 5 in particular tries to be as clear as possible about KYC scenarios.

Regards