I would like to share my experience regarding Betcoin.ag.
I made a deposit in the past week of 0.2036 BTC (around 5,4k USD).
I placed a few bets on major tennis markets and was able to run up the balance to 0.29187 BTC (around 7,7k USD).
As a consequence, I wanted to withdraw my balance.
After I had submitted my withdrawal request, I was informed earlier today that they want further KYC information from me.
I have provided them with my driving license and a bank statement to verify my identity.
Couple of hours ago I received the information that my account is suspended and I should contact them for further details.
I have done that and so far did not receive any reply.
They are currently holding my balance of 0.29187 BTC (7,7k USD) and have not been able yet to provide me any reason why they do no process my withdrawal.
I have read carefully through their ToC before signing up.
I am therefore asking Betcoin to provide me with detailed reasoning for suspending my account and holding my balance.
I will fill an official complain with SBR in a few minutes.
Keeping you guys updated on how this continues, big red flag from my side here.
Upon checking with their license provider, their license has been suspended.
you should share the bets you made on betcoin here, since they are claiming it was arbitrage betting