How do I generate an income statement from a wallet to satisfy casino KYC? - page 4.

Lida93

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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

My first time of knowing about this form of income statement request from a crypto wallet. However, it's possible because there are organizations that pays their workers in bitcoin as requested by the worker. In this case you've to liaise with the organization you're working with to prove you with the statement from their end as I believe it would be much more recognized and accepted by the casino than any coming just from you.

Alternatively, if the casino is not explicitly request I you provide a generated income source statement of your electrum wallet, I'll advise that if you have other income source that pays in fiat, you make provision of that to the casino which is gonna be with ease than facing the hassles of going for the electrum wallet statement.

Wexnident

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Sorry, I've usually used my paycheck to pass it in the past so I've never really encountered it before, do they even accept transaction history from your wallet as proof of income even? Pretty sure they'd just reject your application if you ever pass it lol. You might argue that yes, you can earn and be paid in crypto but afaik, instances like these are the minority and I reckon casinos would want to avidly avoid being accused of having money laundered compared to offending the minority of users that get paid in crypto.

Also, I don't even think you need to generate anything at all if you just want to show them your transaction history. Just give your wallet address.

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

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?

It usually is. Though it's more of a problem with OP I think and not the casino? I reckon OP is the one who wants to pass the transaction history as his income statement, and not the casino themselves.

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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?

Wind_FURY

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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 casino that's asking you for your "source of income"? 👀

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.

That's marginally invasion of privacy. I believe casinos should never ask for their user's source of income, and bank statements unless stated by the casino's regulator.

Plus what if a user tells the casino that he or she is a "professional gambler"?

🤔

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.

👍

VERY foolish.

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

gunhell16

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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

I don't get your point on the topic you've made; what do you mean? You're going to gamble with Bitcoin in a casino, right? Then satoshi is the equivalent you will use when you gamble.
It seems like this is what you want to point out, if I'm not mistaken.

It is possible to earn Bitcoin in the casino if bitcoin is also used, which is equal in my opinion. This is when you often win playing gambling.
As usual, bitcoin is also the reward we receive, not fiat.

Porfirii

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Quote from: yahoo62278 on September 03, 2024, 04:15:15 AM

-snip- Not sure if the user is going to make a tutorial on how to deceive the casinos or if they are just looking to have the info available for users that may have been screwed over by a casino.

That's really interesting. I hope it's the latter.

Answering the reactions of some of you, who are surprised about this "income statement" thing, I have to day that it is much more common than you think and some CEXes are also asking for it already.

For example, since January you have to send it to them if you want to continue topping up you debit card balance in crypto.com, at least in my country. And I'm afraid that we will see it much more frequently from now on.

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Quote from: crwth on September 03, 2024, 02:09:39 AM

Is this going to be an export of all your transactions in the wallet? This is the first time I saw a statement that there would be an "Income Statement" from a wallet.

You can export your transaction history using the History tab. Maybe that's what they want, right?

Maybe they want to have tracking or something.

Pretty sure this is just a hypothetical question. It may or may not have been asked to be completed by another user, but this user has been creating all sorts of topics related to casinos and verifications.

What do you need to show for each KYC level

Best mediators to settle disputes with casinos

Casino excuses to withhold your winnings

Casinos that allow vpn

How do casinos detect if you use a VPN

Some of the topics get quite a decent amount of replies albeit most are from sig spammers. Has been some decent debate in some of the topics though. Not sure if the user is going to make a tutorial on how to deceive the casinos or if they are just looking to have the info available for users that may have been screwed over by a casino.

Apocollapse

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Lol, when was casino asking to generate income statement form a wallet as source of income? Cheesy

When the casino ask to provide source of income, they're either asking your bank statement or payslips.

If they want to see your transactions history, they can just take a look with the address that you use to make deposit or just give the address since the blockchain is public. It's an exception if you hold your coins in centralized exchange, they can't view 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

was it specifically stated by the Casino for electrum wallet?
Or it's a personal choice?
If it's a personal choice then it means certain amount of money comes into your wallet on a regular basis and to get your income statement
You can create one yourself since Electrum doesn't have an income statement.
Download your transactions history and use excel to place the payment and receipt and you can choose to show them the self created income statement and the history for reference and cross checking.

crwth

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Is this going to be an export of all your transactions in the wallet? This is the first time I saw a statement that there would be an "Income Statement" from a wallet.

You can export your transaction history using the History tab. Maybe that's what they want, right?

Maybe they want to have tracking or something.

KiaKia

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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.

Oshosondy

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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.

Hazink

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I don’t know the kind of statement that they want you to provide, but you can use Blockchair to download the history of your in and out transactions for a particular wallet; all the transactions can be downloaded in pdf format. Just copy the bitcoin address, use the explorer, and everything else can be done. It’s self-explained, that’s if it’s what they asked you to provide.

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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

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