How to resolve gambling related wallet issues - page 3.

Strongkored

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Quote from: adpinbr on June 11, 2024, 06:18:30 PM

The only exchange that you usually do this is that coinbase and I don't even see why they will freeze account because of gambling and it doesn't make sense to me at all, it just something that is not not needed to be done, but I can see that it happens, well I don't have any other ideas aside from the coinbase I don't know much again or any other website like an exchange which usually freeze account because of money that came in through gambling I don't see it as a good decision but anyway every exchange has their different rules

As far as I know Coinbase also does not accept funds from adult content and the like, but I have not found another exchange that does not accept funds from gambling so players have many options. The exchange that I usually use to receive signature campaign payments doesn't give any warnings or notifications that say they don't allow it, so so far it's safe.
Exchanges only follow the rules in which they operate, and if they could choose, of course they would still want to receive funds from gambling because crypto casinos are currently growing rapidly so the circulation of money is very large and it will also be profitable for the exchange if there are players who use their services.

Samlucky O

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Quote from: Odusko on June 11, 2024, 05:55:53 PM

I have used my binance to receive withdrawal from gambling site's and I haven't encountered any problems before and most also many other members here are enrolled in gambling campaign and sometimes the funds are paid directly into their excahges and at no point in the time have we hard such issues of account blockage because of inflow from gambling site, but just like many have suggested, I think the best approach to all of this is to always read details of the agreement of the excahges before making any direct transactions into excahge accounts, since their are centralised and have their own rules to go with all time.

I think this your idea is the best since there may be law and jurisdiction guiding the direct transfer of coins from gambling sites to exchange direct, I believe using trust wallet as a medium of recieving coin from gambling site and sending to exchange will be the best option because exchange can no longer track the site where the coin is coming from. It is assumed that the fund is coming from a Dex wallet no longer from a gambling wallet. Though I haven't used a crypto gambling site to gamble but seeing this sudjestion, if I start gambling with crypto betting site I will use a Dex wallet to recieve my wining to avoid unnecessary drama.

STT

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I thought this was purely a USA type law restricting citizens possibly, not an issue for the entire world but maybe thats not the case. Gambling is not banned in most places, its just a question of various taxes depending where its based and so on. I know USA had a deal wanting to tax any company serving its citizens so its related to that probably.

tabas

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Quote from: Pandu Geddon on June 11, 2024, 09:54:48 PM

So what if transactions from the casino are then withdrawn to a personal wallet first and then sent to the exchange? will it also affect addresses blacklisted by exchanges?

That is what it should be. It will consume you some fees but that won't make you any red flag from the exchanges if you just want to avoid them tracking your deposit from a casino.

Quote from: Pandu Geddon on June 11, 2024, 09:54:48 PM

It's possible to track them, but do exchanges have to check all suspicious transactions in their opinion?

Very possible but to how much degree they're going to do that? Maybe with some APIs or whatnot or programmed tools made by them or a third party, they're able to filter that to how many degree or filter of that fund to track it out. But are they really going to do that? I think they all want most funds to come to them so, it's like a shadow ban and only does for the first transfer and so far, I haven't read from anybody that they've been blocked after doing this strategy you've said.

Potato Chips

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Quote from: Huppercase on June 12, 2024, 03:52:56 PM

I don't think an exchange has the right to do these unless the casino is know for some kind of shady activities and who on earth is going to bet on a shady casino?

Plenty. Let's look at 1xbit for instance. The reality is we have an unlimited supply of gullible folks.

Quote from: Huppercase on June 12, 2024, 03:52:56 PM

I think if a situation like this arises, you have to right to sue the exchange or involve law enforcement if necessary, they will ask for proof of funds if you really won the money from the exchange and if you submit a proof as one, a reputable excba get wouldn't hold your money down, they are going to unfreeze your money and allow you trade or use it but I think it's better you involved law enforcement to make it quick and faster because some exchanges are very stubborn and corrupt.

Unfortunately, lawyering up is a luxury for most people particularly when the amount at stake could be lower than the fees to be paid.

Law enforcement can be a hit or miss too as some country's cybercrime dept are too underdeveloped. Also, during my chiming in on scam accusations, every victim who tried to get in touch with their local enforcement never got them to cooperate, sad.

Sunderland

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Quote from: Pandu Geddon on June 11, 2024, 09:54:48 PM

I missed it from Binance, but I came to this day using Binance for withdrawals and deposits from the casino. I'm currently checking the notification email from Binance, but don't see any warning coming through.

It is better not to do it again to prevent unwanted problem in the future, because they have the right to freeze the funds in your account.
My friend once got into trouble because of that, his account was not banned but he was asked to do an advanced stage of KYC, the funds that are frozen are only funds related with the casino.

Quote from: Pandu Geddon on June 11, 2024, 09:54:48 PM

So what if transactions from the casino are then withdrawn to a personal wallet first and then sent to the exchange? will it also affect addresses blacklisted by exchanges? It's possible to track them, but do exchanges have to check all suspicious transactions in their opinion?

Yes it is still possible to track it with the AML software. However, many people still use that method (including me) and it is safe but I think it depends on the amount too.
If the amount is very large and frequent, it will definitely come under their supervision (AML software).

Huppercase

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Quote from: Ojima-ojo on June 11, 2024, 03:32:38 PM

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.

What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

Can we have the list of the exchanges to be precaution about this act!
I don't think an exchange has the right to do these unless the casino is know for some kind of shady activities and who on earth is going to bet on a shady casino? There is no way you can make withdrawals from casino that is known for been blacklisted or there is something they must have done to be blacklisted. I don't think users are supposed to be affect with any actions, the casino should be contacted for effective way to resolve this issues instead of holding user funds.

I think if a situation like this arises, you have to right to sue the exchange or involve law enforcement if necessary, they will ask for proof of funds if you really won the money from the exchange and if you submit a proof as one, a reputable excba get wouldn't hold your money down, they are going to unfreeze your money and allow you trade or use it but I think it's better you involved law enforcement to make it quick and faster because some exchanges are very stubborn and corrupt.

milewilda

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Quote from: Ojima-ojo on June 11, 2024, 03:32:38 PM

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.

What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

So far, i havent been able to experience about exchange bans or blocked because of gambling funds been passed or beeing deposit into the platform but im pretty sure that i have done it
on the past on passing up some funds into exchange platforms via casinos on which i wasnt been that ended up on getting banned or im just lucky that they hadnt noticed it out?
When it comes to this manner then it is really always been that stated on their TOS about not to recieve any funds came from casinos or other specific platforms on which this is really that indeed
a violation of their terms and conditions on which they do have the rights on making up such decisions since you have violated something.

If you dont like on putting up yourself on such condition then it would really be that better that you should avoid on sending up some funds directly from your gambling account to exchangers.
You could always that send out first on your non custodial wallet before sending it next to those exchangers to avoid some problems or lock ups. Fees arent that much
of a concern since its not really taht expensive.

Findingnemo

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Quote from: Mia Chloe on June 12, 2024, 02:26:21 PM

An alternative solution is for gamblers the make withdrawals to their custom Bitcoin wallet and later move the coins to their exchange account this would reduce the ability of tracing the coins easily especially if it is an HD wallet.

It's good thing to practice, cause if someone is sending funds from casino to exchange or vice versa where we actually don't have keys to wallet so in case if it got stuck or anything else we have to rely on the support of the platforms.

Also using another wallet to receive funds from casinos then move it to exchange doesn't rule out this freezing cause I remember coinbase even track upto 10 to know the trails are not leading to anything that violates so if there is a term that says don't deposit funds like rewards from casino then better respect and don't do it.

Mia Chloe

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I really haven't come across any, in fact I haven't spotted such a case. However, rationally the first thing to do is to check if your exchange is one of such exchanges that will freeze a gambler's funds just because he got them from an online casino. The fact is big firms and organizations that deal with crypto often have their addresses very popular and in such case it would be easy for the exchange to notice the source of the funds or coins coming into the exchange wallet.
An alternative solution is for gamblers the make withdrawals to their custom Bitcoin wallet and later move the coins to their exchange account this would reduce the ability of tracing the coins easily especially if it is an HD wallet.

Dr.Bitcoin_Strange

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Since I started using crypto casinos, I have withdrawn from my casino to Binance, Probit, and Bybit and have not faced any account closure issues. I don't really know if there are exchanges that forbid depositing from casinos until now, but if that is going to be a problem, then the individual (gambler) can first of all deposit to their own custodial wallet, and from there they can deposit to a centralized exchange, and the exchange may not consider the coins to have come from the casino directly.

shivansps

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Quote from: Ojima-ojo on June 11, 2024, 03:32:38 PM

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.

What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

All you can do is study the user agreement and if the exchange doesn’t say anything there that it can block wallets that receive funding from casinos, then you should try to resolve this legally. If you did not carefully read the agreement and this was indicated there, then difficulties may arise. I think that they should unfreeze these funds, because there is a possibility that a person will make a fuss and this exchange’s reputation will become worse, and they always try to monitor this.

Eternad

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Quote from: Ojima-ojo on June 11, 2024, 03:32:38 PM

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.

What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

Before I’m using mixer to mix my coins that I get from casino either signature campaign or casino profit since the exchange I’m using locally is very strict on receiving funds from gambling due to the regulations in our country.

But I find it hassle and too costly so I choosed an exchange that doesn’t bother about gambling which is Binance then use P2P to withdraw my crypto to fiat. I have no problem encountered on Binance when receiving a lot of transactions on casino.

dansus021

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Yeah today exchange is smarter frenn they know that your address is tainted. There is also a new app or at least that I know is Arkham Intelligence that basically know form where to where the bitcoin or other coin is going to land. The purposes is actually to do an anti money laundry or terrors funding but in rellality some user also get filtred by this kind of tool.

So if you ask me How to resolve gambling related wallet issues there is two answer the first answer is try to mixing it with a tool or you can use some coin that have privacy protected or second you sell it on p2p that don't require kyc or aml services

Findingnemo

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Quote from: Ojinga on June 12, 2024, 10:12:03 AM

what are the ways to go about redressing and to redeem the situation legally.

You have the answer to your question which is legal if you are taking this make sure it's worth the fight cause it won't be easy and I would say close to impossible to revoke a casino's decision from that situation especially after you broke their terms whether they mentioned about that indirectly.

Coinbase will terminate your account if you deposit from a casino site, no questions asked and there is no way to appeal but they won't take your balance, they let you withdraw if it's frozen due to gambling and if it's for other reasons you may need to contact their support but if it's due to gambling deposit you will get the termination notice via email and they will ask you to withdraw balance before 90 days.

Ojinga

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Quote from: Ojima-ojo on June 11, 2024, 03:32:38 PM

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.

What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

are you referring this to crypto gambling? If only the person doesn't go off the line but if you do then your account will be restricted but that doesn't mean your wallet will get blacklisted, but with the casino crypto gambling your wallet will be save and sound. But for me I haven't heard of someone got blacklisted through crypto gambling but I have heard someone got blacklisted through something else concerning freezing the person account.

aioc

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Quote from: Ojima-ojo on June 11, 2024, 03:32:38 PM

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.

What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

These are violations of the terms of the exchange. There's little or nothing we can't do about it; exchanges like casinos are very strict when it comes to implementing their terms; you can request the exchange to grant your request to take it off the blacklist if you can provide a better explanation.

Platforms under regulation where AMLAC is implemented should be taken seriously regarding their terms to safeguard your account.
So far, I haven't encountered and hope it will not happen to me.

Plaguedeath

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The best solution: use no KYC exchange, check kycnot.me, personally I vouch Bisq and Robosats.

Alternative way:

1. Don't use top and popular exchanges because they have better system, instead use local exchanges or not really popular ones.

2. Don't directly send the coins from casinos to the exchanges, instead send it to your wallet first, then send it to the exchanges.

TheUltraElite

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So anyway, I applied as a merit source :)

If you are already blacklisted then there is nothing to do about it, appeal to the website and see if they consider, essentially at their mercy.

If you are only starting out, then I suggest using a personal wallet as an intermediate stop for your coins before depositing them on the exchange.
One can also try using different exchanges that have a laxity in the source of funds. If this is the only exchange that your local country people use then you are out of luck.

Address hopping like someone else mentioned, seems to be the best method as of now.

Lida93

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Finding ways to resolve such issues would be a very difficult one for the customer because in this case you are not dealing with just one company or related company but two entirely different company and we all know how these online support system works with all that annoying delays and with repeated programmed response support system.

In the case of this nature and being that I haven't had such experience, I think common will demand the customer to write a report to both companies and if the gambling site could send a message to the exchange maybe they will honor it much swiftly than you the customer alone. But just like Oshosondy said, if it's an exchange whose ToS prohibits such deposit then you just have to painfully forget about it.

Quote from: Oshosondy on June 11, 2024, 03:37:00 PM

The only exchange that I knew that was doing that is Coinbase. There may be more exchanges that do that but I do not know them. I have used over 10 exchanges and non of them are against gambling.

What I can say is that you should read the ToS of every gambling site you want to open an account with. If the gambling site will not receive coins from gambling sites, it would be stated on the exchange ToS.

Is Coinbase still doing that?

Hello @Oshosondy please check your second statement to correct an error there... I guess you had meant to say exchanges and not gambling sites. Grin

Topic: How to resolve gambling related wallet issues - page 3. (Read 585 times)