Do I need to complete FICA verification before using Pay with Crypto on Hollywoodbets?

Short Answer: Yes, you must complete FICA verification before using Pay with Crypto on Hollywoodbets. The terms explicitly state that deposits via Pay with Crypto are not permitted until your player account has been completely FICA verified.

This means you must submit and have your identification documents approved before the crypto deposit option becomes available to you.

1. What FICA Verification Requires

FICA stands for the Financial Intelligence Centre Act. To become verified, you must submit a valid South African identity document or a valid foreign passport. In some cases, Hollywoodbets may also require proof of residential address, such as a utility bill dated within the last three months. Once approved, your account is FICA compliant.

2. Why This Rule Exists for Crypto

Because cryptocurrency deposits are converted to Rand and can carry a higher risk of money laundering or fraud, Hollywoodbets strictly enforces FICA rules before allowing this method. If you attempt to use Pay with Crypto without being FICA verified, the transaction will be blocked. You also need to ensure the entire crypto deposit is wagered before withdrawal.