Topic: How do I generate an income statement from a wallet to satisfy casino KYC? (Read 744 times)

You can generate your account statement of the crypto wallet you're making use of, i think something related or similar like this have been discussed already on the forum, where users are to be aware that they can also generate their bitcoin statement of account, but the needed means for the verification of the casino is what we should have in mind at most here, if they accept for a crypto statement or account or they only recognizes for fiat alone.

Me neither on which this is my first time encounter or hearing up about income verification in regarding or getting in line with verification on which I do consider out to be too much and really that not common here on crypto space in speaking about verification on which we do really know that when it comes to these things on which it is really that highly frowned upon.Speaking about money laundering then it is really that understandable that they would really be that strict when it comes to this manner on which we know that once you do able to hit up those deposit threshold then this is something that rings up the bell.Somehow if you aren't that doing something stupid,then it would really be just that fine or won't be an issue for you in speaking about verification.Just like on what everyone is saying on here is that these businesses are centralized and regulated and once it triggers out the bell then you would really be needing up to comply.

I never come across such KYC verification where they need income proof. You are not opening the bank account where they need you the give the income proof  They are either not willing to approve your KYC or you wanted to gambling with huge amount of money. Level 1 KYC is enough for most gamblers and it will never ask you the funds proof.

Also balance in your Electrum wallet isn't an income proof. It is just to show that you have that much money, Income proofs are usually the salary statements or business profit/loss sheets that show your running income. Bank statements / wallet balances are not income statements.

That's stupid to be honest. Why would a crypto casino that doesn't accept fiat money want their users to show them bank statement? There's a lot of unbanked people around the world who voluntarily or involuntarily do not use banks. There's a lot of youtubers who made money trading cryptocurrencies and they no longer use banks, just operate 100% on crypto credit cards.
Signing an address to show how much bitcoin you hold should be enough proof how much money you have. What if you're unemployed, but hold a million in bitcoin? Does that mean you have no right to play at a casino because you have no income? I know you won't answer that, but it's just that the stupidity of this rule is striking.

Sources of income provided from bitcoin wallets or through transactions will not be accepted because other platforms will not be able to verify because it is not legitimate income according to them, still it must have your monthly salary slip so that the casino can verify it.

To be honest I have never done KYC to this level, but a few times I have done KYC on other platforms by having to submit bills / sources of income and I did it with local bank transactions and then made a PDF and it was approved in a few minutes, but for casinos I never know.

I am not sure if cryptocurrency inflow can stand for proof of funds documents for KYC verification i am sure using your traditional commercial banks statement of account is the most needed and easiest way to go through with such verification, in the few time that I pass through a KYC verification that need me to submit any source of funds I used my bank statement and it did work fine and the KYC was processed for me in no time, I haven't come across any cryptocurrency casinos that demands for me to submit my statement for documentation.

I have gone the highest in kyc when I was asked for my address which I used my utility to verify it that time, but no cryptocurrency casinos ask me to ever submit my banks detail, or being asked to provide any financial statements, although if you don't mind can you mentioned the name of the casino that demanded you to provide your statement of accounts

Yeah, you are absolutely right, though not without some exceptions, but that we will discuss later.

Concerning the last part of your comment, I very much agree with that casinos shouldn't really be asking for such documents for what seems to me as a simple user verification, but then, they do, and I personally think the reason the reason they usually ask for this is three..
1. To make sure the user in question is possibly earning money legitimately and through verifiable means.
2. The number 1 perhaps should cover this, but let me just include it, and that is, to make sure the player is not involved in money laundering and such.
3. This document (depending on which source its coming from) can also serve as a extra measure for the casino to further verify the players address which include country of origin, state where the player lives, and sometimes, even the actual address of the player.

It's too much information for the casinos to ask though, but  I still, they ask and gamblers have no choice but to comply.

This is wrong. All they need is the transaction from one end to another because that is proof that someone is paying him especially if the amount is almost the same over and over again.
But, I may have to agree that a stronger proof is to show them how you are cashing out with your local currency because that way they will have a source on where you are getting the money from.
Well, as long as you have the means and transaction history on how you are getting it done because they will not accept something that is made up as proof will be easier to be proven because of the new technology in this era. They won't even need a week to prove that.

Well, that happened because blockchain sites are available for everyone and anyone can easily take print out of transaction history from those explorers. Statements from local banks and also from exchanges, and one's personal wallets might be considered but those that come from block explorers will never be accepted.

Your friend first submitted that blockchain explorer generated statement and it was rejected because of the same reason but when he got bank statement and submitted that one then the casino accepted it as a valid statement and the KYC was completed. Although, such type of statements should not be necessary but some casinos do want those type of statements.

I agree with this since not all the money that goes into our account can be classified as income. The amount that enters our bank account is just proof that the money exists. Proof of income is different; it's a document that shows we have a source of income, such as a payslip if we're employed or a business income statement if we run a business.

Exactly the same thing I said in my comment that is a few pages behind.
Though I personally have never gambled and gotten to the stage where I have to provide and income statement for account verification, but having friends who have passed such kyc levels before, I never see any casino ask or accept the transaction history of a wallet as a possible document for income statement verification, one of my friend who earns solely from crypto trading and investment, and airdrop farming was once asked to pass such verification, he went to the blockchain explorer and generated a pdf version of his wallet transaction history, and submitted it to the casino, and the casino rejected it, he later then requested a statement of account from his local bank, and when the statement was available, he submitted that and it was accepted and he got his verification passed.

It's actually a thing, it's called source of income and more common in exchanges as well as casinos for AML purposes. And bank transfer might not be enough there might also be need of where it comes from and for example if you make money by working on a company then you might need to submit your salary slip that should suffice but it varies from platforms to platform and casino representative will give proper explanation for all these things as well.

I don't know if this is your own idea or there is a representative of the casino asking you to do it, but your bank account history should be enough as proof of your income source, no need to do such a troublesome thing. But if it is true that a casino representative asks you to do it, they are just bothering you because as far as I know, no casino representative has ever asked a user to generate an income statement from a wallet to complete KYC.

Crypto wallets aren't anonymous, anyone can see any transactions and address associated. The casino can flag certain wallet that receive coins from address that contained with "dirty coins". If we're use Bitcoin, we can avoid it by using coin control, so we can pick which UTXO to the casino.

Bitcoin didn't even being a legal tender in most of countries, I don't think they will treat Bitcoin like something that being used everyday.

They were probably noting the casino specifically wanting his electrum wallet history lol. Which is in most cases, very weird. It doesn't even help in AML cases since crypto wallets are anonymous, in general at least, and/or can easily be forged unlike paychecks which can be verified from real businesses so I don't think it's even a valid requirement in the first place.

Income statements is normally required yes, specifying an income statement from a wallet isn't.

Nobody is interested in the coins in that wallet, just as nobody would be interested in a bank statement that only shows you depositing money from another account, that wouldn't pass a source of funds request, you will need to prove you have an actual legal source of income that would pass AML test. They don't care how many coins you have and how much you own if you prove you earn more than you bet they will let you be as they are covered now, but once you deposit hundreds of thousands and you don't have an income...well..



They don't, just as a normal casino won't be interested in the forex trading you have done to earn the funds with which you play.
Besides, blockchain settlements could easily be faked, one could get money from an exchange, withdraw to an address, then send it back, again withdraw to a different address, and so on, creating hundreds of "legit" sources of funds.

Usually the source of funds verification isn't common to everyone, I played most casinos and I never had any issues even I deposited funds bought via P2P until now there's no issues but the real concern is only for people who can show the proof of evidence or they bought the coins years back and now have no proof of those purchase.

These kind of verification takes time as well so if someone is having this then they have to be patient even after providing all the supporting evidence and about owning business may not really comes in handy though unless the transactions happened via bank and you used the same bank to purchase crypto.

It’s not an exaggerated requirements since it’s part of the AML policy requirements depending on the amount involved. Casino can even ask for a video interview about all your transactions in addition for the proof of income.

All casino that has a Curacao license can extend the requirements to this level since it’s the standard for the AML. Some casino just doesn’t want to escalate issue that’s why they make the requirements easy and just ask for valid ID and selfie.

If it turns out that you do have some physical business then it might be that a good excuse but since everything could really be traced then it would really be that depending whether you could be able to
pass through if they would really be having that strict verification on trying out to locate or trace out on where those funds came from. This is why it would really be that hard when you do make out some huge deposits on which its not really just that limited to gambling platforms but also into other services too on which if it would be able to hit up those deposit threshold then expect that there would really be verifications that would be asked out you should really be wary at least specially if you are a whale. 

Proof of income means how you acquired crypto that has nothing to do with Electrum wallet history.

You need to show the proof how you purchased that crypto, if it's via centralized exchange then you may little to no worries but if you purchased from someone and didn't mix the coins if it's were tainted then you get caught in the middle of something that may related to some illegal activities.

Electrum doesn't have a statement of account instead you can use the blockchain explorers such as the mempool and the blockchair for tracking your transaction or also provide the screen shot of the deposited history transaction in electrum. Most of the casino afaik requires the statement of the account like you've been using for paying the bills such as electricity and water that is name on you.

Well if they reach an exaggeration like this for us it is fine and to comply with a KYC I would run away from the casino, no, that is why it is good that before making any deposit or anything and if there are doubts, contact the casino support and ask all these types of questions if the person did not read the Tos, but even so it seems to me that it is an overly exaggerated requirement, and I think it is not very viable, I do not think that a requirement like this they want or can ask for it, although I do not know how many levels of KYC exist in the casinos, but it has to be for extremely large amounts.

This is actually my first time on trying out to encounter that they've been asking about income proof for a casino KYC not unless if you do make out some huge deposits that rings up the bell considering
that money laundering is really that possible through gambling casinos to wash out those coins but with having that wagering requirement of deposits then it will really be that somewhat not a good
option to take since you could lose all of those money transferred if you are really just that trying out to mix those coins. We do know that most online casinos are already licensed or simply means that they are
regulated on which they are really that getting inline with those regulations on which once that big funds had been deposited then its really that likely that they will be asking something such as this one.

exactly, kyc process usually exists to triangulate your data with datapoints in the traditional system so they won't accept something pure crypto based
and thinking about it probably a website that would accept it wouldn't ask for kyc anyways, would be like defi or fully descentralized
makes any sense?

Since, when are casinos or other services asking for income proof from your Bitcoin or crypto wallet? I have never heard or experienced this before. When you are completing KYC verification whether it is for a casino, an exchange, or any other service online, they usually ask for your bank statements and other stuff like that so that they can see if you are actually earning money or not. Creating incoming and outgoing transactions in a blockchain wallet is very easy and anyone can bypass the verification if they are asking for such requirements now.

If you haven't been specifically asked for this and you are just assuming and asking from your side because they asked for proof of income, then I'm pretty sure they are not going to accept a pdf file of your electrum wallet showing your transactions because I don't think that can serve as a proof of income for a KYC verification.

I believe casino needs a legal statement of account documents which typically you can get on your bank account. Electrum transaction history is not enough documents to satisfy statement of account requirements since it doesn’t contain your name on it and most of transactions are anonymous.

I’m not sure either if transactions on electrum is valid for tax purposes since it doesn’t contain your name on the wallet to attached transactions on your name.

Requesting e-SOA is very easy now since you can request already via your bank account. This is the only docs which casino accept even though you are using crypto for your deposit. Also try to request on exchange since they have records for your withdrawal and deposit.

I just saw this and I can't stop laughing now. Do you think any reasonable casino/company would accept your electronically generated Bitcoin payments? Stop dreaming, bro. There are laid down rules and if at all the casinos ask you for a financial statement or proof of income source, they refer to your bank/card statement that will reflect enough for them to see.

As it is now, your sure bet is to contact your employer if your earnings are in Bitcoin, who knows, they might have the internally generated means to back your claim with the casino.

Maybe you are not really a gambler because you are not aware of this things yet but I think this also exist on almost any services that requires a KYC (preferably the ones that are in higher level already). If you think this was very private, then what about when you submit your ID, phone number, email, selfie, etc...? Aren't you surprised with them? In fact, I think they are more private than this one. We should not worry.

As long as the casino is known to be legit, I'm sure that they will keep our details securely and privately. Like its name says (income statement), I think they want to make sure that the source of our funds are from legit sources only. They are also being careful and they are afraid that they might get in trouble because they allow criminals to play on them. This doesn't has to do with winning a huge amount of money but winning a huge amount of money triggers a KYC.

Yes that was it. I already came across a requirement like that on some casinos that I've tried. Casinos are too sensitive on this, so what you are suggesting there is not going to work. Also, there are cryptos that are more private than the other.

If let say this was acceptable and if it was a Bitcoin HODL (whether old or new), I think the ones we will show is the transactions from the exchange, wallet, etc...

Are you sure that's what they want you to prove?

If so, simply providing your public address would be enough, since all incoming and outgoing transactions are recorded on the blockchain and available for anyone to see.

However, what I believe they want you to prove is how you acquired all those bitcoins, whether you have a job, whether you earned them in an old ICO trade or bet, etc. But if your source of income is an old bitcoin HODL, then the blockchain records will indeed be your greatest ally as proof.

Good luck, and if you can provide us with more details than what was requested, it might be easier for us to help you.

Seriously? A Casino requires a requirement like this? Because it is very private, mate. And what does it have to do with having to provide an income statement from your electrum wallet to fulfill KYC in a casino? I'm curious, what casino is that?

Have you just won so much that they require a requirement like this? If not, then I'd rather forget about it and move on to another casino that doesn't require as much data to fulfill KYC.

However, if they do require the history, then use the history tab or a website to search for transaction history such as blockchain or blockchain explorer from your wallet.

Looking at this from a standard point of view, I don't think statement from this will be actually accepted by this casino as proof of source of income, since they aren't generally legal and acceptable with an official name and home address of the user in question, if not I would have suggested you use "Blockchair explorer" to generate a statement showing the inflow and outflow of Bitcoin into a  wallet. But I doubt if this will be accepted as legal documents, that's why it will be better you go use your Utility bill for such approval.

You don't generate any income statement there. What you'll be getting there is your deposit and withdrawal history. The casinos won't consider it as your source of income when you send them that and they won't approve it because anyone can ask their friends and families or even strangers to provide them a screenshot of their electrum balance. The casinos won't be looking for that as your source of income even if there will be ins and outs of it. What type of source of income you should send them are the typical ones that we're having, pay slip, or if you're self employed, the transactions that you're making or even bank slips might be considered but not from electrum.

if it's traditional kyc I'm afraid that only your blockchain balance won't be enough to prove it
they'll probably ask for the origins of funds and everything

for the good and for the bad it's a bit like these are 2 really different systems
crypto and traditional finance

It would be useful if the OP actually replied to any of the previous users who are trying to assist him with his question. With that being said, we're still unaware if this is a hypothetical or an actual scenario. If it's the latter, which casino is asking you for an income statement from Electrum? Did they perhaps ask for a generic income statement, and you thought they'd accept one from Electrum?

As others already suggested, generating all your transactions may look like a valid source of income; I don't believe it's a valid document that proves the source of funds. Nevertheless, this isn't really the case here because it hasn't been specified what exactly is the issue, if it even exists.

Source of funds is not from your wallet,. Source of income is from your bank statement. Let say for instance, you go to bank to print your account statement which would show how you have been receiving your salaries from the company you worked and their names would also show from the bank statement. I think have passed through this verification sometimes like that but can't actually recall the years which that happens,  again the most important thing is that the name of kyc would also reflect with the name on the account statement otherwise you are aslo putting yourself in much riskier place.

I don't think a statement from Electrum wallet can be regarded as source of funds. Electrum is just a wallet that holds money you made from various sources and not the source itself. If casino requires source of funds, they are asking for what you do to get the funds with which you want to gamble. An employment later or something similar is a good example of source of fund.  I think that is what they are looking for. Perhaps if there a way to get the wallet statement detailing where the funds it hold comes from, maybe that can still stand.

How do I generate an income statement from a wallet to satisfy casino KYC? First of all why do u need a income statement for gambling provider, I mean what are you doing at the first place?

But if you do quick google search you may find interesting one like this one, it will take your time and lot of it. https://admantiumcrypto.medium.com/how-to-prepare-crypto-financial-statements-6f3f55fb6c27



But there is always a site that can help you with that like this one https://cryptotaxcalculator.io/

Printing out his statement from his Electrum wallet is not a big deal. There is a thread in this forum that discusses how to print out his transactions from blockchair.com. How to generate a Bitcoin Statement of Transaction. It might be helpful to OP if that's what the casino really needs. As much as they didn't ask for other private information like wallet passwords, passphrases or seed phrases, transaction statements pose no harm.     

Not most, but I think all casino will definitely request for bank account statement for proof of payment verification,  I have not seen or heard that any casino will request for crypto wallet statement of transaction. OP did not actually mentioned the casino that have requested such account statement from him so that other can equally verify if truly there is any casino requesting for such data.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.  

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.

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.

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.

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,

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.

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.

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.

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.

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.

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.

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.

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?

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


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"?

🤔


👍

VERY foolish.

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

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.

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

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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.

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.

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

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.

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.

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.

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 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.

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.

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