So far I have not experienced any problems with exchange addresses and casinos which often send transactions back and forth to each other. I do that every time I want to bet, send from the exchange to the casino or otherwise withdraw funds from the casino to the exchange address. Even with different exchange addresses, there were no warnings and so on. I'm not a Coinbase user, if it's true what @Oshosondy said that Coinbase applies these rules, of course gamblers have to be a little careful.
Maybe I also need to double check the ToS on some of the biggest exchanges that I frequently use because they could also update the same rules due to lawsuits.
Topic: How to resolve gambling related wallet issues - page 4. (Read 580 times)
I never used an exchange to trade my coins coming directly from a gambling platform I usually do a peer-to-peer and in the past, I checked the terms of the exchange I'm using if they could deal with money that comes from gambling and so far I have 2 local exchange as long as I'm not going over the limit of what I can trade based on my level.
Every exchange has its terms and opinions about casinos so it's better not to overlook this to avoid any issues with your trading, it's better to be aware than late and sorry.
Every exchange has its terms and opinions about casinos so it's better not to overlook this to avoid any issues with your trading, it's better to be aware than late and sorry.
Gambling-related transactions can be a gray area for some exchanges. It's crucial to thoroughly read the ToS of both the gambling site and the exchange, it’s the key. Look for any clauses about restricted transactions or funds from gambling sites. While not all exchanges may explicitly state restrictions on funds from gambling sites, some do have policies against it.
To ensure that you don't encounter problems when sending funds from gambling sites to exchanges or vice versa, follow this method: use a non-custodial wallet. Transfer funds from the gambling site to the non-custodial wallet, and then to the exchanges, or vice versa.
To ensure that you don't encounter problems when sending funds from gambling sites to exchanges or vice versa, follow this method: use a non-custodial wallet. Transfer funds from the gambling site to the non-custodial wallet, and then to the exchanges, or vice versa.
Personally, I have used my Binance to receive my money from a casino just once and when I did I never got any notification from them or warning concerning what I did - although that was the only time I did it (not sure if it would have happened on continuous usage).
We have always talked about reading thoroughly the terms and conditions of an online casino before making a deposit or even signing up. I think this is the first time we are looking at it from the body perspective of reading the tens and conditions of an exchange in with regards to their policy on on online gambling. And from the picture it's seems binance has a policy on these as well. It is either they do not enforce it or they just wrote that part because I have received my payout from online casinos to my binance wallet. I don't know about Kucoin but I have also received my payout to my Kucoin wallet too. 
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?
If you withdraw first into your personal wallet before making deposits I don’t think it will affect your address - for me, I feel exchanges use the size of transactions that are being received in a wallet to carry out investigations to see if the funds are safe (clean) or not.
So if you withdraw first then make deposits I’m sure they won’t get anything suspicious from it, that’s what most punters do.
The only two I have read something like that is Binance and coinbase and a user have already shared that of coinbase above and this right here is for Binance.
Personally, I have used my Binance to receive my money from a casino just once and when I did I never got any notification from them or warning concerning what I did - although that was the only time I did it (not sure if it would have happened on continuous usage).
Personally, I have used my Binance to receive my money from a casino just once and when I did I never got any notification from them or warning concerning what I did - although that was the only time I did it (not sure if it would have happened on continuous usage).
Do not just come with an image, can you include the link in the quote or somewhere on your post.
I have used Binance and some other sites like Bybit several times to make deposit from gambling site and nothing happensed till now. But the best would be to just first send the money from the gambling site to your noncustodial wallet and then you can send it from the noncustodial wallet to the exchange.
There was a question about Binance deposit from gambling site on this forum before and everyone posted there was no issue: Sending BTC from Gambling Site to Binance?
Coinbase was commonly talked about at the time and people were saying they should avoid depositing into their Coinbase account from gambling site if they do not want the coin sized or something.
Personally, I have used my Binance to receive my money from a casino just once and when I did I never got any notification from them or warning concerning what I did - although that was the only time I did it (not sure if it would have happened on continuous usage).
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.
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?
Well before there are gambling platform that you can identify their wallets and maybe that's where it steam this whole blocking of your accounts if crypto exchanges found out that you deposit it to them.
But now sure about now, I mean there's a lot of gambling platforms already and it's really hard to investigate if it comes from them or any other personal wallet. Maybe exchanges are still doing it by today, but gonna be difficult pinpoint. However, we still need to be very careful not to directly deposit from x gambling site -> x exchanges.
But now sure about now, I mean there's a lot of gambling platforms already and it's really hard to investigate if it comes from them or any other personal wallet. Maybe exchanges are still doing it by today, but gonna be difficult pinpoint. However, we still need to be very careful not to directly deposit from x gambling site -> x exchanges.
It's my first time hearing about this kind of issue in a cryptocurrency gambling platform. We all know how cryptocurrency is decentralized and for most of my experience, I don't experience this and what I experienced is almost instant withdrawal on every wallet of mine or exchange wallet.
Maybe there are some exchanges that flagged this x gambling platform about this issue that could break their TOS?
Maybe there are some exchanges that flagged this x gambling platform about this issue that could break their TOS?
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.
You can't do anything afaik. It's an exchange, they always have it in their ToS to have the legal right to freeze an account if they deem the funds to be "illegal" or they just have it in their ToS that they don't allow money from casinos. I'd honestly just try to talk to customer support, and submit any details whatsoever if needed to unfreeze the account if possible if they indicate the funds were detected to be illegal. If it was from a casino and they indeed don't allow it, well that's on you I'd say. 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.
What came to my mine most often is that, excahges are like banks, and when there is a huge inflow of fund's, their tend to question the source of the funds which is a normal procedure and is clearly mentioned in the condition of service (TOS) of most excahges and even gambling sites too, mostly centralised platforms have this rule in place, sometimes $5000 is the benchmark of most of them.
Their regularly overlook smaller amount and to a large extent we have seen that majority's of the excahges may be gambling friendly most we still have few cases of account restriction because of gambling related activities.
I'd say any institution that handles money would always have a sort of trigger for when a sudden influx of money comes in. Should be normal procedure for them imo since they do want to guard against their platform being used as a way to launder money after all. Their regularly overlook smaller amount and to a large extent we have seen that majority's of the excahges may be gambling friendly most we still have few cases of account restriction because of gambling related activities.
That's normal for these exchanges to ban wallets or funds that came from casinos and that's why these events occur when you're not careful enough to send your withdrawal directly from a casino to an exchange. They have it on the TOS and there's no way to resolve that and even you ask for a second chance, maybe they might give you one but it's very unlikely that you'll be given that. What they are doing is trying to protect their business and the authorities are the ones placing them their laws on them about potential money laundering and money that comes from them are considered dirty. So, to resolve that, when you're withdrawing from a casino even if your money there is clean and genuinely won some spins or sports bet, don't withdraw them directly to your exchange's wallet address.
TBH, whatever the exchange is, I always try to do address hopping and/or trade the coins first through a laxer exchange-- in this case, I would recommend exch.cx, there could be more on kycnot.me. I believe the amount also plays a role when it comes to checking soooo if it's a huge amount, better split them into pieces.
But I'm not saying this has 100% success rate lol as I think we're all playing on chances considering not much has been revelead on public.
I do this as well and that's working on my end. If someone don't want to pay for fees upon withdrawal through going onto their own wallets, this idea can help you out.But I'm not saying this has 100% success rate lol as I think we're all playing on chances considering not much has been revelead on public.
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.
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.
Maybe your account is frozen for gambling money to come into wallet. You can discuss this with team members, as only Exchange Wallet Online Supporters can provide the solution.
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.
As mentioned by other users above, coinbase and poloniex have such terms of not receiving funds from unlawful gambling. Now, if you are not sure about the protocols of the exchange, you can always transfer your coins to your own wallet first like in electrum or other third party wallets that you trust, and then just transfer to the exchange if you need to convert your crypto to other alts or fiat.
It is better to safeguard your funds by securing it in your own wallet where you have full control.
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
TBH, whatever the exchange is, I always try to do address hopping and/or trade the coins first through a laxer exchange-- in this case, I would recommend exch.cx, there could be more on kycnot.me. I believe the amount also plays a role when it comes to checking soooo if it's a huge amount, better split them into pieces.
But I'm not saying this has 100% success rate lol as I think we're all playing on chances considering not much has been revelead on public.
What came to my mine most often is that, excahges are like banks, and when there is a huge inflow of fund's, their tend to question the source of the funds which is a normal procedure and is clearly mentioned in the condition of service (TOS) of most excahges and even gambling sites too, mostly centralised platforms have this rule in place, sometimes $5000 is the benchmark of most of them.But I'm not saying this has 100% success rate lol as I think we're all playing on chances considering not much has been revelead on public.
Their regularly overlook smaller amount and to a large extent we have seen that majority's of the excahges may be gambling friendly most we still have few cases of account restriction because of gambling related activities.
TBH, whatever the exchange is, I always try to do address hopping and/or trade the coins first through a laxer exchange-- in this case, I would recommend exch.cx, there could be more on kycnot.me. I believe the amount also plays a role when it comes to checking soooo if it's a huge amount, better split them into pieces.
But I'm not saying this has 100% success rate lol as I think we're all playing on chances considering not much has been revelead on public.
But I'm not saying this has 100% success rate lol as I think we're all playing on chances considering not much has been revelead on public.
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.
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.
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.
Is there still this type of restriction on exchanges?
In the past I had already read about this, but at that time gambling was not yet very popular and exchanges were already suffering a lot with the need to implement KYC and increased regulatory pressure from governments, so it was "normal" to block funds of suspicious origins.
But nowadays, gambling has become very popular, there is no longer the myth that they are used for money laundering or other illegal practices... I have never heard any reports about this again.
Maybe something like this still exists on an exchange that is based in a country with strong crypto regulations, but the money should still not be held on the exchange. There must certainly be a procedure to unlock this balance, even if it involves giving up privacy to submit KYC and other additional checks.
Gambling wallet to trust wallet, metamask or your hard wallet and then you can transfer it to exchange wallet to liquidate your funds, I think this is the most safest way to cash out. Many exchanges are not allowing a direct deposit from a gambling site and you might get tagged if you get caught, this is why my option is like this because it’s working well with me, you can also confirm if the exchange you are using allows to get deposit from a gambling wallet.
I have read one or two exchange terms of service and I haven't come across such warning, and haven't seen them blocking users who receive funding from casino's.
The only two I have read something like that is Binance and coinbase and a user have already shared that of coinbase above and this right here is for Binance.
Personally, I have used my Binance to receive my money from a casino just once and when I did I never got any notification from them or warning concerning what I did - although that was the only time I did it (not sure if it would have happened on continuous usage).
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