Understanding the KYC Process
Duelbits, like many licensed online gaming and betting platforms, requires users to complete a Know Your Customer (KYC) verification before making withdrawals. This process is mandated by regulatory bodies to ensure that the platform complies with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. KYC verification involves providing documents that confirm the identity and residence of the account holder.
Required Documents for KYC
To successfully pass the KYC process, players are generally required to provide the following documents:
- Proof of Identity: A valid government-issued photo ID such as a passport, driver’s license, or national ID card. The document must be clear, not expired, and all details must be visible.
- Proof of Address: A recent utility bill, bank statement, or official government correspondence dated within the last three months. The address must match the one registered on the Duelbits account.
- Selfie or Liveness Check: Some users may also be asked to submit a selfie holding their ID or complete a live video verification to confirm authenticity.
Withdrawal Restrictions Without KYC
Users who have not completed the KYC process may face restrictions when attempting to withdraw funds. These restrictions can include:
- Blocked Withdrawals: Withdrawals may be placed on hold until verification is completed.
- Lower Withdrawal Limits: Some accounts may have capped withdrawal amounts until full KYC verification is approved.
- Extended Processing Times: Even if withdrawals are allowed, they may take significantly longer to process.
Steps to Complete KYC Verification
- Log in to your Duelbits account.
- Navigate to the Account Verification or KYC Section under account settings.
- Upload the required documents ensuring they are clear and valid.
- Submit the verification request and wait for the compliance team to review your application.
- Once approved, your account will be fully verified, and withdrawals will be processed without additional delays.
Processing Times for KYC
The verification process usually takes between 24 to 72 hours, depending on the volume of requests and the clarity of the submitted documents. Submitting accurate and legible documents can help speed up approval.
Benefits of Completing KYC
Completing the KYC process not only enables smooth withdrawals but also provides additional benefits, such as:
- Increased withdrawal limits
- Improved account security
- Eligibility for exclusive bonuses and promotions
- Faster customer support resolution in case of disputes
Conclusion
Duelbits requires KYC verification for secure and compliant withdrawals. By providing valid identification and proof of address documents, users can ensure that their funds are accessible without unnecessary delays, while also gaining access to higher transaction limits and additional account benefits.