How does coinbase track a wallet that is connected to gambling?

magneto

hero member

Activity: 1666

Merit: 753

Quote from: Mr.Scott on October 02, 2017, 10:59:56 PM

Eager to know, would be appreciated if someone share his idea.

thanks!

How exactly i'm not sure. They seem to sometimes not care about people using gambling sites through depositing with their service and sometimes freezing accounts on a daily basis. But i would assume that they are either hiring someone else to do it for them, or just analyzing the activity of your account.

Through what addresses you send btc to they can see whether you are making a deposit to a gambling site or not. Walletexplorer.com has a list of addresses that are owned by a particular company, they may be using that.

jorneyflair

hero member

Activity: 672

Merit: 500

Quote from: Mr.Scott on October 02, 2017, 10:59:56 PM

Eager to know, would be appreciated if someone share his idea.

thanks!

Gambling websites usually mix inputs which means that your deposit address will be used to pay someone else's withdrawal - and when the coin is spent with an address that is known to be owned by a gambling site, that address is also labelled as belonging to whatever site it may be.

This is essentially how coinbase knows that you're sending to a gambling site, probably through the help of services such as walletexplorer.

They are known to freeze accounts that have connections to gambling, so if you are a gambler don't use them.

BitcoinMarshal

hero member

Activity: 756

Merit: 504

Quote from: bL4nkcode on October 03, 2017, 12:06:51 AM

Quote from: Mr.Scott on October 02, 2017, 10:59:56 PM

Eager to know, would be appreciated if someone share his idea.

thanks!

AFAIK it is based on the wallet address of the gambling site send to the receiving address of any coinbase account. And it depends if that wallet was enlisted on coinbase server since there are too many gambling sites that pop up these days. Like Primedice, Fortunejack, crypto-games and etc. there are some of the famous gambling sites, so I know coinbase have the addresses used from this platform.

Correct me if I'm wrong since it's only my opinion coz I didn't use coinbase these days and never got banned receiving money from
gambling.

They are still locking accounts because just few days back I receive an email from my friend just because of this issue so I also drop idea to use coinbase because now they are not giving trading option to few countries and we can only deposit and withdraw from this wallet

handschi

newbie

Activity: 64

Merit: 0

they lock accounts that "seem to have gambled" Huh

?

crairezx20

legendary

Activity: 1638

Merit: 1046

I think they are just collecting the address from gambling site. base on what i experience of using coinbase before i am receiving bitcoin from gambling casino but my account are stay alive and never receive any issue from coinbase.. So i think my address is not listed in their blacklisted list..
And i think they are gradually tracking your bitcoin if where your bitcoin from..

So if you really wanted to be safe better to use some mixer before you receive it in your coinbase account. .

kelseydustin

sr. member

Activity: 448

Merit: 251

Quote from: zikabra on October 03, 2017, 12:57:23 PM

It's not so hard to track gambling sites.
Check this link https://www.walletexplorer.com/
You will see list of gambling sites and their bitcoin addresses.

Yeah right. This is the website where you can track a gambling address. It contains every addresses on the blockchain. If addresses are in the same wallets, they will connect to each other and this website will reveal everything. You can also see how many addresses that a person are owning with only 1 address.

zikabra

full member

Activity: 574

Merit: 139

It's not so hard to track gambling sites.
Check this link https://www.walletexplorer.com/
You will see list of gambling sites and their bitcoin addresses.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

it is called "chain analysis". the address you send to which belongs to the gambling site is going to go to their cold storage at some point and that makes it easy to associate the address with the gambling site. also you will make a withdrawal at some point and some of these gambling sites will pay from their known addresses or cold storages even and that makes it obvious you got paid from a gambling site.

there are also other types, like those on chain gamblings where you send the payment and if you win they pay from their address which is tagged publicly with their names (like what you see on blockchain.info saying satoshdice here https://blockchain.info/popular-addresses)

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Quote from: Mr.Scott on October 02, 2017, 10:59:56 PM

Eager to know, would be appreciated if someone share his idea.

thanks!

AFAIK it is based on the wallet address of the gambling site send to the receiving address of any coinbase account. And it depends if that wallet was enlisted on coinbase server since there are too many gambling sites that pop up these days. Like Primedice, Fortunejack, crypto-games and etc. there are some of the famous gambling sites, so I know coinbase have the addresses used from this platform.

Correct me if I'm wrong since it's only my opinion coz I didn't use coinbase these days and never got banned receiving money from
gambling.

Mr.Scott

full member

Activity: 552

Merit: 107

Eager to know, would be appreciated if someone share his idea.

thanks!

Topic: How does coinbase track a wallet that is connected to gambling? (Read 388 times)