Topic: Sending BTC from Gambling Site to Binance? - page 2. (Read 7948 times)
I don't see any issue sending from a gambling site to an exchange, as long as both sites are legit and there is no issue it will arrive on that wallet from one wallet, I have not read any report that Binance does not accepts wallets from a particular site.
Does anyone know if there is any issue with this?
Can someone here confirm if there is any issue sending btc from a sportsbook to binance? Someone a while back mentioned there is nothing in the TOS against it. I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.
Has anyone done this and if so, anyone ever had an issue with this?
I did withdrawn btc from gambling sites to some exchange but never had an issue.So I guess it depends on your nationality,if your country banned gambling activities then you cannot withdrawn from their. Can someone here confirm if there is any issue sending btc from a sportsbook to binance? Someone a while back mentioned there is nothing in the TOS against it. I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.
Has anyone done this and if so, anyone ever had an issue with this?
I have not found that there is an exchange that prohibits sending BTC from gambling wallets. If you mention that Coinbase prohibits sending BTC from gambling wallets, or vice versa. I think all BTC wallets are the same, and the blockchain system is the same, because BTC is sourced on one Blockchain. So if your wallet address is correct, wherever you send BTC, then BTC will still be transferred automatically.
Right, because any bitcoin wallet cannot recognize where the bitcoin was sent. Perhaps the purpose of the OP statement is because Coinbase has an office in the US, so they must comply with all regulations in the US, especially about taxation. As we know that the US is very strict on the entry of crypto in their country, this might be a coinbase issue.
You can always read the FAQ and term and conditions on Binance exchange regarding this matter.
I have not found that there is an exchange that prohibits sending BTC from gambling wallets. If you mention that Coinbase prohibits sending BTC from gambling wallets, or vice versa. I think all BTC wallets are the same, and the blockchain system is the same, because BTC is sourced on one Blockchain. So if your wallet address is correct, wherever you send BTC, then BTC will still be transferred automatically.
Right, because any bitcoin wallet cannot recognize where the bitcoin was sent. Perhaps the purpose of the OP statement is because Coinbase has an office in the US, so they must comply with all regulations in the US, especially about taxation. As we know that the US is very strict on the entry of crypto in their country, this might be a coinbase issue.
I don't know what country you are living now and what crypto regulation is within your country, but AFAIK, there would be no problem sending money from a bitcoin exchange to a casino, at least I never read some post about a problem like the funds has been on hold or block because of the type of transaction you mentioned.
OP jerry0, I guess you have received a decent number of replies and you shouldn't worry about it.
This thread has made its purpose so I hope you'll close it.
This thread has made its purpose so I hope you'll close it.
Does anyone know if there is any issue with this?
Can someone here confirm if there is any issue sending btc from a sportsbook to binance? Someone a while back mentioned there is nothing in the TOS against it. I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.
Has anyone done this and if so, anyone ever had an issue with this?
I have a Bitsler account and a Binance account, I tried to do what your topic is about and I dis not get any problem in transferring funds from Bitsler to Binance. Its true that there are exchange sites that don't allow deposits coming from a gambling site and one of them is coins.ph in the Philippines and its not only from a Gambling sites but they also prohibit funds coming from Ponzis. Can someone here confirm if there is any issue sending btc from a sportsbook to binance? Someone a while back mentioned there is nothing in the TOS against it. I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.
Has anyone done this and if so, anyone ever had an issue with this?
Why coinbase will ban the accounts if someone is trying to transfer a fund to their platform? If I am the owner of coinbase, I will surely be glad to allow it to transfer that fund to my platform site even it is came from other gambling site who accepted Bitcoin and crypto as well. Because I don't see wrong or mistakes in that matter.
Coinbase is merely attempting every effort to remain in compliance with US regulations since they are based in the US (San Francisco). Since Coinbase is one of the bigger exchanges listed in the US, I am sure the US government is keeping a close eye on them. From what I understand, Binance is going to stop servicing US customers on their main platform, probably because they do not want to deal with the long arm of the US government. However, I believe Binance is going to have a special platform based in the US for US customers. Since online gambling is technically not allowed in many states in the US, Binance will probably have to take measures to discourage any transactions coming from casinos as well on their US based platform.
European market.No doubt that they would make something for US customers yet this exchange wont really let any
leaking when it comes to market.
Naresh no issue on sending Bitcoin payments from gambling sites to binance. I usually take my I windice campaign payment from this site to binance occasionally.
I am not sure what exactly you have done on this transaction to explain the problems you faced. if you have tax ID on the screenshot of the issue happened it could be helpful to explain you what happened.
I am not sure what exactly you have done on this transaction to explain the problems you faced. if you have tax ID on the screenshot of the issue happened it could be helpful to explain you what happened.
Does anyone know if there is any issue with this?
Can someone here confirm if there is any issue sending btc from a sportsbook to binance? Someone a while back mentioned there is nothing in the TOS against it. I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.
Has anyone done this and if so, anyone ever had an issue with this?
Can someone here confirm if there is any issue sending btc from a sportsbook to binance? Someone a while back mentioned there is nothing in the TOS against it. I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.
Has anyone done this and if so, anyone ever had an issue with this?
If it isn't mentioned in the TOS you'll be fine, unless the deposits are large amounts. They might want to know the origin of your funds if they suspect money laundering.
Why coinbase will ban the accounts if someone is trying to transfer a fund to their platform? If I am the owner of coinbase, I will surely be glad to allow it to transfer that fund to my platform site even it is came from other gambling site who accepted Bitcoin and crypto as well. Because I don't see wrong or mistakes in that matter.
Coinbase is merely attempting every effort to remain in compliance with US regulations since they are based in the US (San Francisco). Since Coinbase is one of the bigger exchanges listed in the US, I am sure the US government is keeping a close eye on them. From what I understand, Binance is going to stop servicing US customers on their main platform, probably because they do not want to deal with the long arm of the US government. However, I believe Binance is going to have a special platform based in the US for US customers. Since online gambling is technically not allowed in many states in the US, Binance will probably have to take measures to discourage any transactions coming from casinos as well on their US based platform.
I think there is no problem if I do not know that wrong. I think there will be no problem in any way, especially if the gambling service you are going to transfer is a known and quality service. Asking the Binance help center for more detailed and precise information is definitely the right choice. As I mentioned in my first sentence, if I do not have any false information, I will not inform you incorrectly. If you get in touch with Binance and get a clear answer to your question, you can also share here and contribute to our knowledge.
As some comments above have rightly said, I had tried such before now and nothing seemed bad so, you can give it a try. Just to advise you, whenever you want to transfer from sportbook to any exchange, ensure to read their TOS before proceeds for the transaction to avoid be stuck.
There will be no issue, I always do that and I have never receive any message from Binance restricting me in doing that.
As a trader, we also love to gamble sometimes, so our money will be transferred in exchanges and gambling sites vice versa.
As a trader, we also love to gamble sometimes, so our money will be transferred in exchanges and gambling sites vice versa.
Does anyone know if there is any issue with this?
Can someone here confirm if there is any issue sending btc from a sportsbook to binance? Someone a while back mentioned there is nothing in the TOS against it. I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.
Has anyone done this and if so, anyone ever had an issue with this?
Can someone here confirm if there is any issue sending btc from a sportsbook to binance? Someone a while back mentioned there is nothing in the TOS against it. I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.
Has anyone done this and if so, anyone ever had an issue with this?
Why coinbase will ban the accounts if someone is trying to transfer a fund to their platform? If I am the owner of coinbase, I will surely be glad to allow it to transfer that fund to my platform site even it is came from other gambling site who accepted Bitcoin and crypto as well. Because I don't see wrong or mistakes in that matter.
never had experience like this, my mean got banned by exchange whenever sending your asset to gambling site? like seriously? we are talking about cryptocurrency, even when you transfer your asset to buy drug they not going to do anything. Unless you break their ruler they will ban for sure
yes in the crypto world we can do anything here and its not thier job to know if when or what use you will be doing to your cryptos plus how can they know if the funds came from a gambling site or not .
in my opinion as long as you send Bitcoin then there will be no problem, but if you are in doubt or afraid it is better to use a wallet for Bitcoin and not use an exchange wallet, because using a Bitcoin wallet is definitely safer and my advice is a good Bitcoin wallet is Electrum, because Electrum wallet has many bitcoin address on one private key, then of course it's safe and easy to use.
yes . original crypto wallets are still better than exchanges or a gambling sites wallet because original crypto wallet are originally built for cryptos . they are more secure but the problem is that crypto wallets have a slight higher fees compare to when withdrawing your coins on a third party sites such as gambling sites or exchanges .
I used some gambling sites to transfer fund on some exchange like bittrex and poloniex, so far everything went well and I’m confident that it can also work with Binance. Gambling sites usually have no restriction on where you will send the money, but the exchange have the regulations like this so better to know the rules of that exchange before transferring funds.
I don't think there's anything wrong with that. As long as the BTC address is correct, there is usually no problem. Binance will not limit deposits. Unless it's a gambling website that restricts withdrawals.
Yes, this is correct just make sure everything is correct on they way you transact cash-out then you’ll be fine. I did this many times and I never encounter any problem. Maybe there’s a big question if your money is too big then the exchange will require some verification, i really don’t know this kind of process if you’re a big whale but if its just a small money then no problem at all. 
Whatever transaction you make happens between two bitcoin addresses. One is the sender address and the next one is the receiver address. Whether it is taking place between two individuals or this is taking place between individual and a gambling website or between exchange and gambling website doesn't matter. All that need to be clear is double checking of the wallet address.
never had experience like this, my mean got banned by exchange whenever sending your asset to gambling site? like seriously? we are talking about cryptocurrency, even when you transfer your asset to buy drug they not going to do anything. Unless you break their ruler they will ban for sure
Jump to: