Best wallet for Crypto Sportbooks deposits/withdrawals? - page 4.

Chato1977

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Quote from: ethereumhunter on July 27, 2021, 02:52:26 AM

Quote from: blue Snow on July 27, 2021, 01:27:55 AM

Quote from: seoski on July 26, 2021, 08:49:42 AM

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

I have seen a topic like this before, but I forget which board. the solution is one, don't put your balance in an exchange wallet, use the wallet to which your own the key after that transfer it from your own wallet to exchange. this trick will save you from banning deposits from gambling sites.

Yes, it is. It is better to use another wallet that will use to deposit and withdraw the win money. We can keep the funds in that wallet and not send to anywhere except to deposit on the gambling site. But you can send it to the exchange if you want to convert the coin into fiat money. That will be better for you as you do not want to have a problem with the gambling site or the exchanges.

Yes never put your Funds in any exchange for long time because the opportunity of losing is always there.
and also most exchange prohibit user to transfer funds from gambling sites because they are preventing from breaking laws in their respective countries about KYC.

ethereumhunter

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Quote from: blue Snow on July 27, 2021, 01:27:55 AM

Quote from: seoski on July 26, 2021, 08:49:42 AM

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

I have seen a topic like this before, but I forget which board. the solution is one, don't put your balance in an exchange wallet, use the wallet to which your own the key after that transfer it from your own wallet to exchange. this trick will save you from banning deposits from gambling sites.

Yes, it is. It is better to use another wallet that will use to deposit and withdraw the win money. We can keep the funds in that wallet and not send to anywhere except to deposit on the gambling site. But you can send it to the exchange if you want to convert the coin into fiat money. That will be better for you as you do not want to have a problem with the gambling site or the exchanges.

SquirrelJulietGarden

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Quote from: seoski on July 26, 2021, 08:49:42 AM

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

The best wallet is non-custodial wallets: Bitcoin Core, Electrum wallet. If you don't want to spend too many storage space for your wallet, Electrum wallet is the best, it is a SPV wallet and does not require too much storage space.

[GUIDE] How to Safely Download and Verify Electrum. Verify your Electrum wallet as the guide topic shows.

Gambling sites have strict rules for deposits and mixers/tumblers. You have to read their rules about Tumbling, mixing in either FAQ or ToS (Term of Service). Try to search with KYC, AML, tumbling, mixing, etc.

With non-custodial wallets, you have private keys and can use Coin Control feature for your inputs when you broadcast your transactions to exchange or gambling site.
https://bitcoincore.org/en/download/
https://electrum.org/#download
Recommended wallets. If you want to broadcast your transactions with Tor and Coin Join transactions, use Wasabi wallet.

Reatim

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Quote from: blue Snow on July 27, 2021, 01:27:55 AM

Quote from: seoski on July 26, 2021, 08:49:42 AM

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

I have seen a topic like this before, but I forget which board. the solution is one, don't put your balance in an exchange wallet, use the wallet to which your own the key after that transfer it from your own wallet to exchange. this trick will save you from banning deposits from gambling sites.

Just like almost all the replies above , Don't put your funds directly from Gambling sites to Exchange specially binance because the opportunity of getting frozen or banned are there.

There are several issues here that says binance hold their funds because being found that the amount comes from gambling in which most exchange does not support .

Quote from: cabron on July 27, 2021, 01:42:27 AM

Is using Binance wallet for gambling illegal?

I'm not sure if this is illegal but it is not safe because of some cases that tackled here even before.

and also our own local Exchange prohibit us to put the funds directly from gambling site because you will be banned.

cabron

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Is using Binance wallet for gambling illegal?

Any wallet can be good and safe to use as long as you don't give away your private key to the casino. Been using all the wallets I've had for casinos actually even the MEW which I would connect to a casino app. I'm not sure how safe it is but as long as I don't have huge ETH there, it's fine. A good practice to just put small money inside a wallet that will be used for gambling.

crwth

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Quote from: Maus0728 on July 27, 2021, 12:28:29 AM

They are just a typical casino that offers popular games and they do not offer bookies per this article.

Thank you for clarifying this. I wasn't able to do some searches about it and my internet is kind of crappy right now and it doesn't load. Maybe they would have this type of section on their site, it's a great benefit to have this as well. What I like about the idea is that they have ease of transfers when needing funds or something.

blue Snow

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Quote from: seoski on July 26, 2021, 08:49:42 AM

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

I have seen a topic like this before, but I forget which board. the solution is one, don't put your balance in an exchange wallet, use the wallet to which your own the key after that transfer it from your own wallet to exchange. this trick will save you from banning deposits from gambling sites.

Maus0728

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Quote from: crwth on July 26, 2021, 09:22:01 PM

Anyway, the best way you can utilize that if you are using Binance as your wallet, is to play with their partner casino. BPlay. I'm just not sure if there are sports books there.

They are just a typical casino that offers popular games and they do not offer bookies per this article.

Quote from: https://www.publish0x.com/cryptocurrency-essential-casino/binance-crypto-casino-bplay-xkyreqe

Binance has their own Crypto Casino which is equipped with Dice, Black Jack, Roulette, Texas Hold 'em, Baccarat and Video Poker. BPlay also features Live dealers and a game show section with Monopoly live and Deal or no Deal among others.

Everyone's recommendation is correct. If you're a high roller, then it would be better to protect your funds using a hardware wallet (e.g, Ledger, Trezor ) and Electrum as your interface. It's a lightweight wallet that majority of beginners and even myself use for storing large amount of bitcoin.

Or if you want some analytics and discussion which wallet to choose from. Read this.
FOR NEWBIES, wallets to choose from and analysis by Veriphi

If you have decided to use Electrum, then learn how to verify it to avoid hacking issues.

rhomelmabini

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Quote from: seoski on July 26, 2021, 08:49:42 AM

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

You can add more information on what coins/tokens you usually send on your favorite crypto gambling site so that users here will suggest you specifically on what you should use. Don't use custodial wallets or exchange wallets because most of them tend to comply on some regulations. You may not have an issue this time but expect and assume you may experience it.

crwth

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Try Gunbot for a month go to -> https://gunbot.ph

I would agree with the people who posted before me that to use a non-custodial wallet that you control the private keys to.

Anyway, the best way you can utilize that if you are using Binance as your wallet, is to play with their partner casino. BPlay. I'm just not sure if there are sports books there. I haven't tried it myself but maybe soon

bitterguy28

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Quote from: seoski on July 26, 2021, 08:49:42 AM

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

Dont put your funds from gambling sites to your exchange wallet because if they find out or locate this transaction surely you will be facing banning or freezing of funds.

Best to use custodial wallets for your own safeties .

ultrloa

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Quote from: seoski on July 26, 2021, 08:49:42 AM

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

Which wallet lock their user account by using it on gambling transaction? since so far I didn't experience those by the way I'm using trust wallet and electrum on dealing with casino so maybe try this recommendation or what is more convenient for you to use and check the suggested wallets by other forum members and try it one by one. Take note to choose only those wallet who got recommended by many times since that is tested by the users itself.

NicNacCoin

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Wallet should be safe and secured because everyone person keeps their assets secured. Trust wallet, electrum, metamask, safepal and trezor etc wallets very much popular and secured wallets for researving your cryptocurrencies even sportsbook deposit and withdrawals. But Binance exchange not a wallet but a popular cryptocurrency centralized exchange.

Rigon

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Quote from: seoski on July 26, 2021, 08:49:42 AM

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

Yes mate Binance exchange is the best popular cryptocurrency exchange in the market. You can undoubtedly use Binance exchange wallet, you can also use trust wallet and metamask wallet because both wallet safe for your withdraw and deposits.

DoublerHunter

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Quote from: AhmadM on July 26, 2021, 09:34:36 AM

Quote from: seoski on July 26, 2021, 08:49:42 AM

What is best/safest/easiest wallet to use for crypto gambling?

One of the best options is to use a non-custodial wallet where you keep its own seed/private keys such as electrum, metamask, trust wallet and etc.

^ Non-custodial wallets are the best wallet for cryptocurrency that you will hold the private key which is you have full control over your crypto asset.
You are right, Electrum is the best aside from hardware wallet since you don't need to purchase it, if you have time and already bought hardware wallets such as Ledger Nano or Trezor, that is good for you. Nevertheless, if you are planning to use a custodial wallet that asks for KYC verification, be careful of sending BTC because most of them will freeze your account if they know that it is from gambling, they avoid it to follow KYC/AML protocol which is possible money laundering.

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Quote from: logfiles on July 26, 2021, 02:58:26 PM

Quote from: seoski on July 26, 2021, 08:49:42 AM

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Binance has never been a wallet. It's just an exchange or custodial service. If you want a wallet to keep your coins in, go for noncustodial wallets such as electrum, Trust wallet, Jaxx, Exodus etc

You should just use exchanges like binance, Kucoin to just exchange or trade your assets. Not storing them there.

noncustodial wallets are really preferred if you don't want to tie up your account to gambling activities. you will find out that electrum is one of the easiest one that you can use for btc, but just like what shasan said, it depends on the coin that you are referring to. if it is not btc, and the OP is also referring to other alts, you can use trust wallet, jaxx.
as everyone is saying above, binance is not a wallet but an exchange. if you have the fear that one day the exchange will freeze your account, better start using noncustodial wallets.

logfiles

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Quote from: seoski on July 26, 2021, 08:49:42 AM

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Binance has never been a wallet. It's just an exchange or custodial service. If you want a wallet to keep your coins in, go for noncustodial wallets such as electrum, Trust wallet, Jaxx, Exodus etc

You should just use exchanges like binance, Kucoin to just exchange or trade your assets. Not storing them there.

Haunebu

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Haven't heard of any crypto gambling specific wallets so far. You can simply use the popular and reliable wallets(Hardware and Software) which is usually what crypto gamblers like me tend to use.

Personally, I suggest using Exodus wallet or Green Wallet. You could also use P2P sites like Localbitcoins for quick BTC to Fiat and vice versa conversions.

notblox1

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Binance wallet is not a wallet but exchange, and if you want to really own your coins you need to have some non-custodial wallets like Exodus, Coinomi or Atomic wallet.
Those wallets are used for multiple coins, but you can also use hardware wallets or separate wallets for each coin.

BIN-BIN

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Using an exchange wallet to store funds is not always advisable I always avoid using a wallet that I don't have the private keys to, I use trust and metamask wallets, to a great extent am satisfied with the features. As I can easily connect to other platforms.

Topic: Best wallet for Crypto Sportbooks deposits/withdrawals? - page 4. (Read 587 times)