How do I generate an income statement from a wallet to satisfy casino KYC? - page 3.

Oluwa-btc

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Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

What's the reasons for them asking for an electrum wallet to satisfy KYC, I'm not sure this is a legit casino cause asking for your electrum wallet in regards to income shouldn't be a requirement.
I don't find this funny and I think you should withdraw from doing that to be on the safer and to be sure your funds are safe and secured.

Or is it that they needed income statement for your electrum account to satisfy your KYC requirements? If it's that then it's not a big deal and it's just for you to go print out your electrum wallet statement to satisfy that, tho I haven't gone through such processes before to give full details on how it should go but you need to be careful with such tho.

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Quote from: Pandu Geddon on September 03, 2024, 09:25:26 PM

Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

If you work in a company that pays you with Bitcoin or other crypto. the company will still give you a monthly pay slip like a company that gives a fiat salary. you can use that, but if you mean transactions that occur in your wallet, I'm sure it won't be enough for the casino.

Usually what the casino asks for for a source of income report is proof of bank account and pay slip. that will help you get through your problems. but if you only think about transactions in your wallet, I'm sure the casino will not be satisfied or even reject it.

An income statement report deals with income and expenses. Its computation is income minus expenses, which equals profit. So asking for an income statement is quite unreasonable; maybe a source of income would suffice. That could be justified by providing a payslip from your job, as you've mentioned, or a business permit if the person is into business.

Pandu Geddon

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Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

If you work in a company that pays you with Bitcoin or other crypto. the company will still give you a monthly pay slip like a company that gives a fiat salary. you can use that, but if you mean transactions that occur in your wallet, I'm sure it won't be enough for the casino.

Usually what the casino asks for for a source of income report is proof of bank account and pay slip. that will help you get through your problems. but if you only think about transactions in your wallet, I'm sure the casino will not be satisfied or even reject it.

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Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

That's not difficult to provide them your statement of account if you do have an income generating job or business. For an average earner person that has stable job it can be a screenshot of bank statement came from salary payslip if you allow it to be shared unto them. However, your data privacy will be breach with respect to personal data which is really essential to protect because that has confidentiality that couldn't be easily open publicly due to this reasons.
We should value this special data that needs to be kept within our limits, so let's not divulge it easily. Everybody should think wisely before deciding casino kyc submission, and maybe there's an alternative ways other than personal bank details came from your salary income.

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Quote from: Dr.Bitcoin_Strange on September 03, 2024, 04:43:37 PM

Why will a casino request for that or did you informed them during your registration that you receive salary in crypto? A casino can only request for your account statement via the normal fiat currency that you receive payment with. If you want to use a wallet transaction record, then you can manually screen shot all the in&out transaction in that wallet or you can screen shot from blockchain but if you actually give your wallet to anyone (perhaps the casino that wants it) they should be able to scan the wallet and see every transaction that had taken place in it.

But is it possible that there are casinos that ask players to show this? I think it's rare to find a casino like that and I've never even come across one. I agree with you, most likely all casinos will only ask for our account statements using the normal fiat currency that we use to receive payments. And on the other hand, what is the casino's purpose for this? Does that include the safety of the players themselves?
And for KYC issues, this is normal, most likely the casino will do this even though not all casinos ask their players to comply with KYC. But when casinos ask for that, I don't know what their intentions and goals are, and I think when we register at a casino, it seems like the casino doesn't ask us to tell them about our own salary.

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Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?

Do casinos now allow only people who have an income to gamble? I doubt as most times it is no business of a casino how you get the money you are gambling with. Even if casinos will require you to present some kind of proof of income, I think it will be after suspicion has been raised on your account maybe involving large deposits maybe, and the casino needs to verify you are capable of such a money to gamble. Maybe it has never happened, I have not been gambling in crypto casino's for long.

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Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

From my little knowledge, a casino's kyc requiring a source of income document usually is not crypto currency related if I am not mistaken, the income statement or source of income document have to be signed, which means that it has to come from an official source that is related to the government of the country where you are submitting the document from, a statement of account from a well known and established bank can serve as an income statement or source of income proof to pass kyc verification on the casinos requesting it.

Let me point that that I've never had to submit such a document for kyc verification, so, there is the possibility that I might be absolutely wrong, all I said is out of my own pure imagination, thought and observations.

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Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

It's best to hire an accountant to ensure you fulfill the requirements correctly. I'm quite confused about the purpose of an income statement in this context. Can you post the whole story about the request so we can give our opinions properly?

I mean, why would a casino ask for an income statement? A source of funds doesn't necessarily require an income statement; you can simply declare that your money is from remittance, which is less complicated. But I think they're asking too much by requesting that kind of sensitive information.

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Quote from: Dr.Bitcoin_Strange on September 03, 2024, 04:43:37 PM

Why will a casino request for that or did you informed them during your registration that you receive salary in crypto? A casino can only request for your account statement via the normal fiat currency that you receive payment with. If you want to use a wallet transaction record, then you can manually screen shot all the in&out transaction in that wallet or you can screen shot from blockchain but if you actually give your wallet to anyone (perhaps the casino that wants it) they should be able to scan the wallet and see every transaction that had taken place in it.

How would the OP explain to the casino that he is receiving salary or income to his crypto wallet or address? Most casinos will require bank statement or of that sort for proof of income. But never encountered yet about asking for a crypto address.
But if they are curious, he can easily give the crypto ad and they can check it in the blockchain the history of your transactions.

Dr.Bitcoin_Strange

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Why will a casino request for that or did you informed them during your registration that you receive salary in crypto? A casino can only request for your account statement via the normal fiat currency that you receive payment with. If you want to use a wallet transaction record, then you can manually screen shot all the in&out transaction in that wallet or you can screen shot from blockchain but if you actually give your wallet to anyone (perhaps the casino that wants it) they should be able to scan the wallet and see every transaction that had taken place in it.

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Quote from: KiaKia on September 03, 2024, 01:48:08 AM

This is a foolish requirement.

The casino team are trying to just stress you, why can't they ask for your wallet address and put that in blockain scans and look into your past histories themselves? Some online casino requirements are crazy at times, if this is bank account requires it is different, but asking for your income statement that is publicly available on the blcokchain sound stupid.

Anyways, you don't have a choice than to give them what they want, use blockchair or any other and download the PDF, I am not sure that Electrum wallet has that feature.

It's indeed a strange requirement because I have never heard of any casino asking for such a document. However, it will depend on the information that the gambler gave to the casino during his registration. Some people might be receiving salaries with Bitcoin.

I also suspect that the customer might be having a dispute with the casino, so they need to see his transaction history. His post history has questions about KYC and withheld wins.

The OP had not also made any comments or clarifications since he made the original post. It would have given us a tip about why the casino is requesting such information.

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Quote from: KiaKia on September 03, 2024, 01:48:08 AM

This is a foolish requirement.

The casino team are trying to just stress you, why can't they ask for your wallet address and put that in blockain scans and look into your past histories themselves? Some online casino requirements are crazy at times, if this is bank account requires it is different, but asking for your income statement that is publicly available on the blcokchain sound stupid.

Anyways, you don't have a choice than to give them what they want, use blockchair or any other and download the PDF, I am not sure that Electrum wallet has that feature.

To me it does not sound like the casino staff is actually asking about some data available on the Blockchain, like an address an collection of linked addresses which transacted with one another in the past, it rather seems the casino is looking for proof OP actually earned the money in a legitimate way and the money he has deposited onto his gambling account does not come from illicit sources, like traffick of narcotics or theft of digital assets.
Otherwise, I would not understand why a casino would ask for something they could easily check themselves with the addresses used by OP to deposit in the past.

Assuming my assumption is correct, it would imply to go for full KYC protocols and also give some legal work statements to the casino, so they can see whether the money previously deposited by OP matches with his alledged salary. It is the first time in a while I see a casino asking for some much personal information, probably withholding some of the money won by OP, as no casino asks for those documents during the process of creating an account.

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Quote from: Oshosondy on September 02, 2024, 07:26:40 PM

It would be better if you have proof of how you are receiving your salary from your workplace. Or I think a bank statement of account should also be enough as an evidence. I think the transactions on electrum is not enough. Or are you paid in bitcoin in your country? If so, the gambling site customer care will ask you questions about it and they will still need proof from the company you are working from.

This, when casinos ask for an income statement, what they want is for the gambler to verify with them how they get money, however even if a person is earning bitcoin somehow this is not going to be enough as this is part of their KYC verification process, so the OP needs to show a document from their company or bank that allows the bank to verify their identity and the amount of money they earn, and if the OP cannot do this then it is unlikely they will pass this verification.

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Profit/loss statement to fulfill casino KYC? I guess that's your source of funds. So you have to pass KYC level 4 so far? Because that's usually the last thing you KYC at the casino by asking for your source of funds.

I think it's usually from your identity, maybe from your bank statement about your money coming in and out that the casino needs to fulfill the casino's requirements.

But so far I have never experienced it, and just found out from our transaction wallet that it can be your source of funds that can be approved.

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Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

Has it gotten to this extent that a ayer has to print a statement as source of income? This is bad, in as much I don't like KYC but people want to do it regardless just to have access to some big casino, requesting for source of income statement evade more privacy than I can ever imagine. If one do that, then what? The company see everything about you? What happened to identification and other basic documents for identification, this is wrong in my opinion.

If you haven't make any deposit, I will personally advice you to stop using such casino, who knows if they will request they see identification of your wife and children. This is very wrong and abuse of privacy in all angle. I will advice you to either quit this or use another means and your electrum wallet transaction history. You ate given away everything about you, your coin balance, input and output history and many more.

ethereumhunter

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Usually, casino asking you to send your salary report as your source of income and will not asking about an income statement from your electrum wallet. But I don't know if any casino asks that and if you get that when you are in one casino, you don't have to verify yourself and search for the other casino. Many casinos will not asks too many things to their members when they want to verify so that will not make them feel difficult to do that. I only send my document to verify myself and without taking too long, I got my account verified. So that will depends on the casino with their rules,

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Seems to me like you aren’t really understanding the request. When someone asks you for proof of employment, you don’t send them a screenshot of your savings account, you send them a copy of your paycheck. It sounds like that’s what they want. Proof that you are employed and have a salary, not proof you use a crypto wallet.

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Quote from: Porfirii on September 03, 2024, 05:21:35 AM

Quote from: Wind_FURY on September 03, 2024, 05:16:29 AM

Quote from: KiaKia on September 03, 2024, 01:48:08 AM

This is a foolish requirement.

-snip-

VERY foolish.

Those people who won't/can't provide those requirements should merely avoid such a casino.

Yes, but the problem is that they are asking these requirements when you already deposited some money or won some bets, and want to cash-out.

I wonder if that requirement is mentioned in the TOS. Otherwise, how will you avoid it if you have no way to know it on beforehand?

Gambling sites, exchanges and other platforms that are centralized can ask for source of income. If you read about the anti money laundery and counter terrorism financing policies, you will understand why they can ask for something like that. It is possible that the coin is traced to something illegal.

Although, that does not change the fact that most money that can be linked to illegal activities are in banks and also are the ones that are commonly used for daily transactions.

I also heard (but I do not know) that the money earned from illegal means can not be known to the gambling sites unless the person win and want to withdraw. Although, I do not know how true this is.

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I never had this same problem before but not with an online casino, it was the local online wallet that made me do it.

Same as you, I am also using Electrum Wallet and I was being asked where my source of income is. I just told them that my salary is directly being sent to the said application and they asked for all the screenshots of my recent transactions. Thankfully, I passed their test and I was able to renew the yearly requirement to pass that kind of information. Still, I don't like the idea that they will keep on asking me the same thing yearly.

In your case though, it will depend on the online casino if they are accepting this kind of information because I bet some does as long as you show proof especially if it's a legitimate address signed by you.
This might be where signed messages will help.

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Quote from: bitcoin talk on September 02, 2024, 07:19:06 PM

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

Crazy requirements and didn't experience this so far. Maybe you should tell which casino ask this kind of requirement? So we could see if that casino is reputable or not.

Maybe the least you can do is to show your transaction history by sending screenshot to them.

Or try this method https://help.coinpanda.io/en/articles/5509474-importing-transactions-from-wallets

I didn't try that so maybe you can explore if it works for you.

It seems the casino try to delay you and test your patience.

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