How to resolve gambling related wallet issues

delfastTions

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Quote from: Hispo on June 25, 2024, 06:45:08 PM

Well. that is weird... I can certainly say that having an exchange freezing my funds because the origin of them has anything to do with casinos is something I have never experienced before and truly I wish never to go through.
I was aware some exchanges blacklisting their customers' addresses for a number of reasons, but why gambling? Most of big exchanges are based in countries where gambling is legal anyways, so to me it does not make sense. Sad

Yeah I just think that many managers of cryptocurrency exchanges, after all these relatively recent stories with FTX and Binance, are afraid of the slightest violations in matters related to AML checks.
And as you know, there is probably still a flow of cryptocurrency through the casino, the origin of which raises questions from regulators or law enforcement regarding the guarantee of the legality of the origin of this money. As a result, even completely law-abiding citizens, simply fans of gambling, who are carried away by these games and even sometimes win money, then begin to suffer from the fact that difficulties arise with cashing out the money they have won. And by the way, this greatly spoils all the positive emotions of the player who was lucky enough to win. But that’s how legislators and regulators in different countries have arranged this type of business and this type of entertainment. And I still don’t see any steps to liberalize attitudes towards casinos appearing among legislators and regulators. In my opinion, everything is going in the other direction, namely towards tightening requirements and additional checks.

Hispo

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Well. that is weird... I can certainly say that having an exchange freezing my funds because the origin of them has anything to do with casinos is something I have never experienced before and truly I wish never to go through.
I was aware some exchanges blacklisting their customers' addresses for a number of reasons, but why gambling? Most of big exchanges are based in countries where gambling is legal anyways, so to me it does not make sense. Sad

Mr.right85

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Quote from: Ojima-ojo on June 11, 2024, 03:43:13 PM

This leads us to another question, do exchanges s mentioned it in their terms and conditions that receiving money from gambling sites are prohibited?

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.

Given that ToS could be relative with most gambling sites, it doesn’t mean they are exactly the same or there isn’t a few terms that might be altered or defined differently. This means, when your dealing with a different website and your about to deal in some substantial amount, you ensure to look up the policy that might apply with regards to your transaction. I don’t see how any gambling site would restrict you from its services and go ahead to froze your account should it not have been stated on uploaded in its ToS.
When it’s not stated or was updated after you have actioned your transaction, then you can sue for there license and registration. That’s in the event that you couldn’t have it resolved at the support level. I don’t know why gambling sites would be against deposits from exchange though and vice versa.

livingfree

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Quote from: AmoreJaz on June 25, 2024, 05:17:42 PM

Quote from: livingfree on June 25, 2024, 04:44:29 PM

Quote from: Mrbluntzy on June 15, 2024, 06:21:41 AM

This is not a very serious problem for gamblers, if it was a big problem then you will find many gambler tendering their complains about it but there are many exchange that doesn't have problem with you withdrawing your coin from a casino. The way to fix this problem if you are a victim is to find another exchange that doesn't reject your deposit from casino. Remember I said that their are many exchange that doesn't have problem with it.

Might not be a serious but many experiences this.

And that's why each other is helping and giving tips on how to avoid this when you're going to send your funds to the exchanges.

Don't go there as soon as you're withdrawing your funds because this problem will continue to exist because of the policies that are coming from them.

If you want to make sure that you won't have a problem, check the terms of the exchange if it is your first time to use depositing your funds. Sometimes, a little bit of research can help you out from preventing any trouble. It won't harm you if you will do some digging. Because at the end of the day, it is your funds at stake, and no one will take care of it except you.

Even if you check them or not, most of their policies are the same especially if you're going to do with a centralized exchange.

But I agree that doing a bit of research will give you an idea of what you're goin to do and what type of exchange you're using.

And you know what? nobody reads that long read of terms and conditions. Grin

Fivestar4everMVP

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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.

Well, this is honestly my first time of learning, or getting to know of such possibilities.
First, let me say that this is absolutely ridiculous, what right does an exchange have to blacklist a wallet simply because it received funds from a gambling site? When it's not like there is any serious scam accusation going on with the casino where the fund were received from.

Anyways, like I said before, I've never had such issue before, but if paradventure I had it, I am simply going to contact the exchange support to explain what the crime with gambling is; and what the procedures are to get my money back - I guess this is possibly the easiest and most effective way.

AmoreJaz

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Quote from: livingfree on June 25, 2024, 04:44:29 PM

Quote from: Mrbluntzy on June 15, 2024, 06:21:41 AM

This is not a very serious problem for gamblers, if it was a big problem then you will find many gambler tendering their complains about it but there are many exchange that doesn't have problem with you withdrawing your coin from a casino. The way to fix this problem if you are a victim is to find another exchange that doesn't reject your deposit from casino. Remember I said that their are many exchange that doesn't have problem with it.

Might not be a serious but many experiences this.

And that's why each other is helping and giving tips on how to avoid this when you're going to send your funds to the exchanges.

Don't go there as soon as you're withdrawing your funds because this problem will continue to exist because of the policies that are coming from them.

If you want to make sure that you won't have a problem, check the terms of the exchange if it is your first time to use depositing your funds. Sometimes, a little bit of research can help you out from preventing any trouble. It won't harm you if you will do some digging. Because at the end of the day, it is your funds at stake, and no one will take care of it except you.

GeorgeJohn

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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.

some exchange who doesn't that is exchange that is conscious of kyc verification, so I know quite well that coin based is one of them, they wish to know the exact platform you got your cryptocurrency so that they will not be in problem, for me, since you gave done your KYC to any exchange, I have not seen the reason coinbase or any exchange that follows same principle to freeze someone account after you been documented properly in their platform...because its obvious that the essence of KYC is to know you very well.

livingfree

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Quote from: Mrbluntzy on June 15, 2024, 06:21:41 AM

This is not a very serious problem for gamblers, if it was a big problem then you will find many gambler tendering their complains about it but there are many exchange that doesn't have problem with you withdrawing your coin from a casino. The way to fix this problem if you are a victim is to find another exchange that doesn't reject your deposit from casino. Remember I said that their are many exchange that doesn't have problem with it.

Might not be a serious but many experiences this.

And that's why each other is helping and giving tips on how to avoid this when you're going to send your funds to the exchanges.

Don't go there as soon as you're withdrawing your funds because this problem will continue to exist because of the policies that are coming from them.

Ojima-ojo

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Quote from: _act_ on June 15, 2024, 01:04:25 AM

Quote from: Saint-loup on June 14, 2024, 02:26:56 PM

Unfortunately I don't think there's much recourse for the customer. If funds deposited are locked by the exchange, he will need to complete a KYC procedure, if not he will need to mix his funds or to convert them into another cryptocurrency on another exchange before sending them to this exchange again, and from another address of course.

I do not really understand you. You mean that the coin might be seized or locked in which the customer of the exchange that his fund was locked because he deposited from a gambling site will need to complete a KYC verification. That might be true but I do not know. What I am confused about is that you further said 'if not', which means if the coin is not seized. If the coin is not seized, how can the person know that he need not to send coins from gambling site when he does not know. Or what you mean is that to avoid the coin not to be sized? It is better for the person to send the coin to a noncustodial wallet instead and not an exchange, especially if it is bitcoin because bitcoin transaction fee is high on exchanges than usual and this exchanges like Coinbase make the gambling rules hidden in their ToS. You do not need to convert the coin to another coin. People have said they send the coin to noncustodial wallet before sending to the exchange and no problem after they send it to the exchange.

I think gambling deposits are viewed with the categories of mixed coins and government regulations are always against such moves but the confusion is in when the exchange made the law hidden in the TOs to the point that the depositor won't know what to stand on since he may not have read any where that depositing funds from gambling site's or a mixer service is prohibited, had it been the move is mentioned that way user of that exchange will be careful not to deposits money from such a source.

Back to the topic, what I mean is not whether or not the accept coins from gambling, but to know how to resolve issues with blocked account due to Gambling involvement.

delfastTions

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Quote from: Mrbluntzy on June 15, 2024, 06:21:41 AM

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.

This is not a very serious problem for gamblers, if it was a big problem then you will find many gambler tendering their complains about it but there are many exchange that doesn't have problem with you withdrawing your coin from a casino. The way to fix this problem if you are a victim is to find another exchange that doesn't reject your deposit from casino. Remember I said that their are many exchange that doesn't have problem with it.

It seems to me that since an increasing part of businesses such as cryptocurrency exchanges are trying to operate in a completely legal space and not have any claims from control authorities, local regulators and even law enforcement agencies, clients of such exchanges should still be prepared for negative developments events. This is now worth keeping in mind constantly. It’s just that the experience of other players reliably suggests that checks of client wallets and the origin of money in client accounts may well be sudden and can cause a lot of unpleasant moments. This can happen even when the casino and exchange client is completely calm and did not expect this at all and did not even think about it.

Unfortunately, sudden checks and even blocking of funds until the origin of these funds is clarified have become increasingly common in cryptocurrencies and this greatly upsets all law-abiding owners of cryptocurrencies.

Mrbluntzy

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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.

This is not a very serious problem for gamblers, if it was a big problem then you will find many gambler tendering their complains about it but there are many exchange that doesn't have problem with you withdrawing your coin from a casino. The way to fix this problem if you are a victim is to find another exchange that doesn't reject your deposit from casino. Remember I said that their are many exchange that doesn't have problem with it.

blockman

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Quote from: Ojima-ojo on June 15, 2024, 05:13:07 AM

Quote from: blockman on June 15, 2024, 03:13:37 AM

One mistake is don't do it. The exchange will force you with everything that you haven't complied yet and if you don't do it then your funds will left on them. And if you don't adhere to their compliance, it's up to you if you can take that your funds will be left there forever and they'd give you a window period on how long you have to comply with it. I've done that mistake before and the exchange that we have locally have warned me about it and they're very strict with it. Well, I stopped trading on them and that's not a loss for me but for them as they lose a customer.

Well in the situation where you are given a chance to remedy the situation by may be uploading a document or even go through second tier kyc verification it becomes better and you can amend things, but in the situation where your account is outrightly locked before you notice or immediately you make a direct deposit from a gambling sites.

Also we have to acknowledge the fact that not many casinos have such bad relationships with exchanges and sometimes when there is any issues regarding receiving of funds the exchanges are very clear on that from there terms and conditions.

Let's say that casinos have direct relations with exchanges but that won't change a fact that if the exchange rule is about direct deposits from casinos are considered dirty to them, they'd tag your coins as dirty. However, I don't think that all exchanges are going to certainly lock your account without doing an investigation and they won't release your coin. The likely thing to happen is they'll lock your account and ban you but they'll allow you to withdraw and release your assets.

Ultegra134

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Quote from: avp2306 on June 15, 2024, 04:44:11 AM

Encountered what OP has been experienced. Also I don't think its about regulated or not since If I'm not wrong there are series of blacklisting of wallets happen before even if the casino is regulated. That's why if we know that our funds came from casino we better redirect it to exchange first before we send it to our local wallet providers or in coinbase. Since there are certain regulations or rules that prohibit them to have a transaction came from gambling sites that's why other people like OP got blacklisted from that wallet provider he used. There's something related to money laundering issues that's why this incident happens.

This site gives additional tips to avoid getting blacklisted on coinbase https://steemit.com/bitcoin/@beatthefish/how-online-gamblers-can-avoid-the-coinbase-blacklist

Good thing I'm not using Coinbase. The article you quoted mentions permanent account closures, with no warning whatsoever. Paying double fees and going through the hassle of using a middleman service (another wallet) to send funds from your gambling account to the exchange is a hassle, in both time and money. It's completely unnecessary and as the article suggests, it's simply best to steer away from it altogether. Just as the article suggested, Coinbase's TOS is unclear on gambling transactions, are there specific casinos that are banned, or is it gambling entirely? There might be a "blacklist" like you suggested, but it's best to be avoided.

Ojima-ojo

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Quote from: blockman on June 15, 2024, 03:13:37 AM

One mistake is don't do it. The exchange will force you with everything that you haven't complied yet and if you don't do it then your funds will left on them. And if you don't adhere to their compliance, it's up to you if you can take that your funds will be left there forever and they'd give you a window period on how long you have to comply with it. I've done that mistake before and the exchange that we have locally have warned me about it and they're very strict with it. Well, I stopped trading on them and that's not a loss for me but for them as they lose a customer.

Well in the situation where you are given a chance to remedy the situation by may be uploading a document or even go through second tier kyc verification it becomes better and you can amend things, but in the situation where your account is outrightly locked before you notice or immediately you make a direct deposit from a gambling sites.

Also we have to acknowledge the fact that not many casinos have such bad relationships with exchanges and sometimes when there is any issues regarding receiving of funds the exchanges are very clear on that from there terms and conditions.

Nrcewker

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It’s better to transfer the funds from the gambling site to your cold wallet. Then transfer the coins to the exchange. I know it might become little expensive, but still it’s best to deal with this type of issues. If you use a non custodial wallet, then at first transfer the coins in this wallet, then it will mix your coins with other funds, and it will fresh send the coins from your non custodial wallet to the exchange. I currently follow this trend in Binance and it always works for me.

danherbias07

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I have never experienced it yet because I read the TOS of our local exchange before I started my account. This is going to be a difficult situation for the one who is having the problem because there's a chance the account won't be recovered anymore especially if it's written in the TOS.

So, I don't know how to answer this. Perhaps customer service will be the only way to do it first.
My only tip is to use a wallet that has cheap fees. Mycelium for example is a good choice and I used that before when I passed my gambling funds to Mycelium and then to our local exchange. It worked somehow and I didn't have any problem with my account.

avp2306

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Quote from: Ultegra134 on June 15, 2024, 03:20:22 AM

To be honest, this is the first time I've read about such an issue. A few users mentioned Coinbase and Binance, and via a quick skimming I did on Coinbase's TOS, I found the following:

Quote

"Unlawful Gambling: Lotteries; bidding fee auctions; sports forecasting or odds making; fantasy sports leagues with cash prizes; internet gaming; contests; sweepstakes; or games of chance that are not sanctioned by a governmental body or regulatory authority."

So, from my understanding, they're prohibiting any transactions with gambling sites that aren't regulated by law, and I'm guessing that cryptocurrency casinos, even though they do have a license, aren't regulated by the government, right? I have zero knowledge on the subject thus correct me if I'm wrong, it's merely a guess of mine.

Encountered what OP has been experienced. Also I don't think its about regulated or not since If I'm not wrong there are series of blacklisting of wallets happen before even if the casino is regulated. That's why if we know that our funds came from casino we better redirect it to exchange first before we send it to our local wallet providers or in coinbase. Since there are certain regulations or rules that prohibit them to have a transaction came from gambling sites that's why other people like OP got blacklisted from that wallet provider he used. There's something related to money laundering issues that's why this incident happens.

This site gives additional tips to avoid getting blacklisted on coinbase https://steemit.com/bitcoin/@beatthefish/how-online-gamblers-can-avoid-the-coinbase-blacklist

bettercrypto

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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?

What I really know is that until now, Coinbase is still doing that to their users who use the gambling platform and then send it to the platform. Then suddenly, there will be a problem right there with the person who has an account on the platform.

That's the problem sometimes, so it's better to make a withdrawal transaction from a gambling platform; it's good to send to non-custodial wallets like Trust wallet and Klvr apps wallet, at least nothing like what other exchanges do.

Ultegra134

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To be honest, this is the first time I've read about such an issue. A few users mentioned Coinbase and Binance, and via a quick skimming I did on Coinbase's TOS, I found the following:

Quote

"Unlawful Gambling: Lotteries; bidding fee auctions; sports forecasting or odds making; fantasy sports leagues with cash prizes; internet gaming; contests; sweepstakes; or games of chance that are not sanctioned by a governmental body or regulatory authority."

So, from my understanding, they're prohibiting any transactions with gambling sites that aren't regulated by law, and I'm guessing that cryptocurrency casinos, even though they do have a license, aren't regulated by the government, right? I have zero knowledge on the subject thus correct me if I'm wrong, it's merely a guess of mine.

blockman

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One mistake is don't do it. The exchange will force you with everything that you haven't complied yet and if you don't do it then your funds will left on them. And if you don't adhere to their compliance, it's up to you if you can take that your funds will be left there forever and they'd give you a window period on how long you have to comply with it. I've done that mistake before and the exchange that we have locally have warned me about it and they're very strict with it. Well, I stopped trading on them and that's not a loss for me but for them as they lose a customer.

erep

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Quote from: ralle14 on June 14, 2024, 09:25:54 PM

One of the local exchanges I used back then also doesn't allow gambling transactions, if they catch you sending coins directly through their wallets, they'll suddenly limit your account and require extra KYC before they let you withdraw the remaining balance you have on their wallet. After that bad experience, I always assumed that most exchanges are that strict with how they handle the coins coming from casinos. You'd be lucky if you could find another option since exchanges rarely care about how they settle these kinds of issues.

Maybe we should have an alternative wallet as a bridge to transfer balances to an exchange wallet, I don't guarantee that this recommendation is safe, but we have never been connected directly to a wallet that accepts coins from the casino. I think it is better to review some of the top exchanges to find one that does not prohibit casino related deposits. However, never withdraw directly from the casino to an exchange account, but use a personal wallet for withdrawals and you can send to the exchange to transfer to USDT, or you can use a trusted P2P service to withdraw the balance to your account.

delfastTions

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Quote from: coolcoinz on June 14, 2024, 02:33:32 PM

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

a popular exchange which freezes a customer account because of funds received from gambling site as rewards

If I knew an exchange is doing that I would remove all my money and ask them to disable may account. I'd stop being their customer because that goes completely against the values bitcoin was built on.

If your money was frozen, I'd get a lawyer. They have right to refuse to process your transaction, can demand KYC, but cannot steal your money. You're not guilty of anything and should be given your property back. Otherwise it's theft and you can sue them. Get a lawyer to write them a letter asking to return your money.

This is certainly the right direction to resolve this issue. However, this is a rather expensive solution since the lawyer will probably require a fee. In addition, this is a rather lengthy procedure, since official correspondence with official responses about the exchange is required. And here the question arises, starting with at least approximately what amount of frozen funds is it even worth doing this. It’s clear that if it’s $100, then it doesn’t make sense to bother. In all of this, of course, there is a problem that the player can only solve himself.
And besides, in any case, you will still have to verify your exact personal data, which is unacceptable for many players.

_act_

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Quote from: Saint-loup on June 14, 2024, 02:26:56 PM

Unfortunately I don't think there's much recourse for the customer. If funds deposited are locked by the exchange, he will need to complete a KYC procedure, if not he will need to mix his funds or to convert them into another cryptocurrency on another exchange before sending them to this exchange again, and from another address of course.

I do not really understand you. You mean that the coin might be seized or locked in which the customer of the exchange that his fund was locked because he deposited from a gambling site will need to complete a KYC verification. That might be true but I do not know. What I am confused about is that you further said 'if not', which means if the coin is not seized. If the coin is not seized, how can the person know that he need not to send coins from gambling site when he does not know. Or what you mean is that to avoid the coin not to be sized? It is better for the person to send the coin to a noncustodial wallet instead and not an exchange, especially if it is bitcoin because bitcoin transaction fee is high on exchanges than usual and this exchanges like Coinbase make the gambling rules hidden in their ToS. You do not need to convert the coin to another coin. People have said they send the coin to noncustodial wallet before sending to the exchange and no problem after they send it to the exchange.

ralle14

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One of the local exchanges I used back then also doesn't allow gambling transactions, if they catch you sending coins directly through their wallets, they'll suddenly limit your account and require extra KYC before they let you withdraw the remaining balance you have on their wallet. After that bad experience, I always assumed that most exchanges are that strict with how they handle the coins coming from casinos. You'd be lucky if you could find another option since exchanges rarely care about how they settle these kinds of issues.

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

a popular exchange which freezes a customer account because of funds received from gambling site as rewards

If I knew an exchange is doing that I would remove all my money and ask them to disable may account. I'd stop being their customer because that goes completely against the values bitcoin was built on.

If your money was frozen, I'd get a lawyer. They have right to refuse to process your transaction, can demand KYC, but cannot steal your money. You're not guilty of anything and should be given your property back. Otherwise it's theft and you can sue them. Get a lawyer to write them a letter asking to return your money.

Saint-loup

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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.

Unfortunately I don't think there's much recourse for the customer. If funds deposited are locked by the exchange, he will need to complete a KYC procedure, if not he will need to mix his funds or to convert them into another cryptocurrency on another exchange before sending them to this exchange again, and from another address of course if he wants to bypass the blacklisting imposed on this address. Exchanges can't monitor all the adresses of a same wallet, they can only spot linked addresses to blacklisted addresses.

Nwada001

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Quote from: satscraper on June 14, 2024, 02:49:18 AM

However, in my view, the behavior of such exchanges which have tendency to freeze up customers account funded directly from gaming sites is nor fair in regard to BTC itself.

Exchanges are not designed to be fair to BTC in the first place; it's all about how they can benefit and make their profit; they don't care about decentralisation and privacy.

For those exchanges, which make it very clear that they don't want to deposit from a gambling site directly, I think it should be best for the gambler to avoid making a deposit directly from their gambling account; it will be like knowing the rules and still breaking them, which is why they are given the exchange privilege to lock and claim the user's account.

seoincorporation

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Quote from: hosseinimr93 on June 14, 2024, 03:33:04 AM

Quote from: seoincorporation on June 13, 2024, 07:59:31 AM

3.- To make withdrawals from services that blocked your address, you only have to create a new fresh address get the money and then import the privatekey to a wallet to access the coins, that can be done with vanity gen.

If an exchange doesn't allow transferring fund to/from a gambling website, they will likely block your account if you do so and you will no longer be able to use the exchange.

I didn't know that, i think they would give you a warning about the address, but locking the account is cruel. And it doesn't make sense, why an exchange cares about what you do with your bitcoins or altcoins, the source from the coins shouldn't be a problem for them.

Quote from: hosseinimr93 on June 14, 2024, 03:33:04 AM

And why using a vanity generator?
A vanity generator is used when you want to have a bitcoin address with specific characters.

Because that's the easy way to generate an address without a wallet. But anyone can generate new fresh addresses with their favorite method, i just recommended vanity as an option but there are a lot of ways for it.

hosseinimr93

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Quote from: seoincorporation on June 13, 2024, 07:59:31 AM

3.- To make withdrawals from services that blocked your address, you only have to create a new fresh address get the money and then import the privatekey to a wallet to access the coins, that can be done with vanity gen.

If an exchange doesn't allow transferring fund to/from a gambling website, they will likely block your account if you do so and you will no longer be able to use the exchange.

And why using a vanity generator?
A vanity generator is used when you want to have a bitcoin address with specific characters.

satscraper

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To be on the safe side, withdrew rewards to the wallet under your own control, move the relevant UTXO ( just for the case) to other wallet's address before proceeding for topping up your account on any exchange.

However, in my view, the behavior of such exchanges which have tendency to freeze up customers account funded directly from gaming sites is nor fair in regard to BTC itself.

robelneo

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

.. 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.

There is no legal fix for this because they legally did this to your account. If they have stated in their terms that you cannot use their platform to trade your account from the gambling platform, and if you are caught, that's the end unless they issue a pardon based on how good your explanations are.
As a gambler and trader, you must know the consequences of not reading and following the terms.

FinneysTrueVision

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You could coinjoin your sats so they can’t tell they came from a gambling website, but then they might have a problem with people using privacy services and you’re back to square one. Any exchange that is freezing people’s accounts for something minor and inoffensive, like gambling, is not worth using and you should explore an alternative option. Sometimes, withdrawing from a casino to your personal wallet before depositing to an exchange is good enough for you to be considered compliant.

sunsilk

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Quote from: STT on June 12, 2024, 06:59:52 PM

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.

It's actually an issue for most crypto gamblers that aren't aware of it. Most of us probably haven't experienced it but there always are those guys that have experienced this.

But this isn't a matter of taxation but wanting to get rid of any connection to the money that's believed to be black money.

And you'd be in a badder shape if you've been KYCed and then you did something like this unnoticed. Well, instant exchanges won't guarantee you from avoiding this but many seem to be find a solution there.

Darker45

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If this is already happening, you have no choice but to contact support and comply what they're asking. It is possible the exchange would require a higher level of verification which might include sources of funds.

But if we talk of preemptive measures, I'd rather not connect gambling wallets with centralized exchanges. Some exchanges may outright include provisions in the user agreement that gambling funds aren't accepted. Some may not. However, as gambling is generally perceived as a popular way to launder money, it's possible they'd block gambling money anytime. So, in order to avoid such possibilities, it may be best for us to avoid sending gambling funds directly to exchange wallets.

adpinbr

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To me I don't really see why account will be free just because of phones received from gambling site that shows that the exchange is not trustworthy of such funds exchange is not supposed to act like the fiat, fiat is only currency that has a lot of instruction and rule yes exchange also have instruction but not this kind of instructions and rule to such money exchange is somewhere you supposed to keep huge amount of money that is not supposed to be in your fiat account so I don't know why they will free the account this is my first experience but I don't think nice or good idea anyway that is the arrow I'm just have to be careful on the exchange you put your money

Coin_trader

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Quote from: michellee on June 13, 2024, 12:26:10 AM

When you wants to playing gambling, it is better you don't connect your wallet from the exchanges. You can use other wallets to deposit or withdraw your coins to the casino site. That will be safe for you from the exchanges prohibition to deposit the money from the casino site.

This is too hassle since you will spend double fee(one when you withdraw from the casino and the other one is when you are transferring the funds on exchange). It’s more convenient if you will just use an exchange that doesn’t have any rules regarding receiving funds from gambling since casino is legitimate business which means they have no reason to ban it unless the casino itself is illegal.

I believe you will only have trouble when you withdraw directly from casino to exchange when the exchange wallet belongs to the sanctioned wallet address or in short blacklisted by the government.

mr_random

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Quote from: iv4n on June 13, 2024, 01:37:55 AM

It's not the first time I have heard that something like this has happened, there have been stories about things like this before. But such a thing has never happened to me, and I have used many exchanges and have zillion transactions from exchanges to gambling sites and vice versa. And I don't know anyone who experienced something like this.

It is difficult to determine if something like this is really true... in exchange offices (as well as in casinos) people are often banned for various reasons, and people often "forget" to tell the whole story and show some proof. Maybe it's just that their account is connected to some other shady dealings but they decided to attribute it to transactions with the casinos.

I hear you. Things can get blown out of proportion, but there's definitely a history of exchanges taking action when it comes to gambling. It's a gray area, for sure, with legal stuff mixed in. If the original poster could give us more info – like which exchange, what kind of gambling, any conversations they've had – it would really help us figure out what's happening and give better advice.
For anyone else dealing with crypto and gambling, I'd recommend taking a good look at the exchange's rules and the local laws. Keeping detailed records of everything is also a smart move, just in case.

seoincorporation

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I see some confusion on this thread, so, let me explain some points:

1.- The wallets don't get blocked, are the addresses that get blocked, and those are two different things.

2.- Bitcoin Address wasn't made to be recycled the idea from satoshi was the users to use a new address on each new transaction, so, we are doing it wrong.

3.- To make withdrawals from services that blocked your address, you only have to create a new fresh address get the money and then import the privatekey to a wallet to access the coins, that can be done with vanity gen.

iv4n

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It's not the first time I have heard that something like this has happened, there have been stories about things like this before. But such a thing has never happened to me, and I have used many exchanges and have zillion transactions from exchanges to gambling sites and vice versa. And I don't know anyone who experienced something like this.

It is difficult to determine if something like this is really true... in exchange offices (as well as in casinos) people are often banned for various reasons, and people often "forget" to tell the whole story and show some proof. Maybe it's just that their account is connected to some other shady dealings but they decided to attribute it to transactions with the casinos.

michellee

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When you wants to playing gambling, it is better you don't connect your wallet from the exchanges. You can use other wallets to deposit or withdraw your coins to the casino site. That will be safe for you from the exchanges prohibition to deposit the money from the casino site.

The casino have its right to asks their customer about the source of the funds and will block their account if the funds is coming from the gambling or other sources. We as a gambler must be careful when we want to use exchanges for gambling and it is better we use the other wallets.

You can send your coins to p2p exchanges, convert it to other coins and lets them send the coin to your gambling account. That will be good solution for you but you need to be careful to use this way. You must concern about the amount of money you wants to send from exchanges to your gambling account and vice versa.

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

naira

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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.

coin-investor

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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.

Text

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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.

Davidvictorson

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Quote from: Cantsay on June 11, 2024, 04:19:27 PM

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.

Cantsay

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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? 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.

Charles-Tim

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Quote from: Cantsay on June 11, 2024, 04:19:27 PM

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).

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.

Pandu Geddon

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Quote from: Cantsay on June 11, 2024, 04:19:27 PM

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?

Dave1

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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.

GreatArkansas

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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?

Wexnident

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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.

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.

Quote from: Ojima-ojo on June 11, 2024, 06:13:31 PM

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.

passwordnow

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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.

Quote from: Potato Chips on June 11, 2024, 06:05:26 PM

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.

FinePoine0

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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.

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.

AmoreJaz

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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.

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.

adpinbr

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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

Ojima-ojo

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Quote from: Potato Chips on June 11, 2024, 06:05:26 PM

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.

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.

Potato Chips

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yesssir! 🫡

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.

Odusko

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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.

alegotardo

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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.

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.

goaldigger

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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.

Cantsay

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Quote from: Ojima-ojo on June 11, 2024, 03:43:13 PM

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).

Upgrade00

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Quote from: Ojima-ojo on June 11, 2024, 03:43:13 PM

I think may be only those that have such restrictions may mentioned that on their terms of agreement, for clients to take note of, even coinbase may not mentioned such in the TOS, maybe I am not sure.

Coinbase does mention gambling in their list of prohibited activities. What exactly they list out is unlawful gambling and games of skill which are not termed gambling but are in practice. This is not so stringent on paper, no unlicenced activity should be expected on a licenced exchange but they can interpret the rules themselves so it's safe to not send gambling funds there. This is same for any exchange that lists out gambling in their ToS.

Best to look for gambling friendly exchanges and stick to them.

hosseinimr93

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

Is Coinbase still doing that?

According to Coinbase Prohibited & Conditional Use Policy, they should still do so.

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

There may be more exchanges that do that but I do not know them.

Poloniex has the same policy.

From Poloniex User Agreement:

Quote

You represent and warrant that you will not be using Poloniex for any illegal activity, including without limitation illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data, the financing of terrorism, other violent activities or any prohibited market practices, including without limitation those listed under Section 23.

jrrsparkles

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Quote from: Ojima-ojo on June 11, 2024, 03:43:13 PM

This leads us to another question, do exchanges s mentioned it in their terms and conditions that receiving money from gambling sites are prohibited?

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.

I think may be only those that have such restrictions may mentioned that on their terms of agreement, for clients to take note of, even coinbase may not mentioned such in the TOS, maybe I am not sure.

It was just buried into the fine print of their ToS and AFAIK they never mentioned deposits from gambling site are prohibited but they do mention any deposits from unlawfully registered platforms will lead to account termination and if you see the list of prohibited countries in the casino where you will find the US on the top of most casinos and that how you need to relate.

But even if they terminate the account they will let you withdraw the funds in the exchanges.

Ojima-ojo

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

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?

This leads us to another question, do exchanges s mentioned it in their terms and conditions that receiving money from gambling sites are prohibited?

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.

I think may be only those that have such restrictions may mentioned that on their terms of agreement, for clients to take note of, even coinbase may not mentioned such in the TOS, maybe I am not sure.

Oshosondy

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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?

Ojima-ojo

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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.

Topic: How to resolve gambling related wallet issues (Read 580 times)