Sending BTC from Gambling Site to Binance? - page 3.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: Handsome Boy on July 17, 2019, 07:59:07 PM

Quote from: jerry0 on May 30, 2019, 03:29:00 PM

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?

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.

There's no question about that, hardware wallet is far better than exchange wallet but if I understand OP's concerned about any potential issue after depositing between gambling site wallet to Binance wallet if there's any rules that binance will freeze the said coins, reading the Terms inside the site
won't say anything regarding to this matter, if possible and if you are doubting you can send small amount first then check if you can withdraw after depositing without having any issue, try and test it will lessen the hassle.

Handsome Boy

copper member

Activity: 812

Merit: 12

I ❤ ₿itcoin and Ethereum

Quote from: jerry0 on May 30, 2019, 03:29:00 PM

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?

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.

Moeda

sr. member

Activity: 1587

Merit: 271

Enterapp Pre-Sale Live

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.

veekky

member

Activity: 490

Merit: 10

Better buy bitcoin somewhere else, for example with credit card in Indacoin or send btc from another exchange. What is problem with sending btc from gambling site?

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: 2Kool4Skewl on June 30, 2019, 05:43:49 AM

I have never had any problems sending bitcoins to Binance. Maybe you did something wrong or just need to wait a little bit. Usually there are no problems with this, but I think that they will help you on the exchange.

The problem is some exchanges don't accept Bitcoin from multisig address. Binance shouldn't make a trouble for such type BTC transactions but for being safe better to transfer first to the Electrum wallet then transfer to the Binance.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: Question123 on June 30, 2019, 05:47:53 AM

I don't see any problem with this, you can send your bitcoin from the gambling site to the coinbase if you really want and I think many people will do that even me I use coinbase to send and recieve bitcoin from the gambling site and mg account is not ban. But if you have doubt until now you can review and check the Term of Condition of the coinbase if they have rules like that.

I agree, I mean how will Binance know that it comes from a gambling site, for the system it is just the same, bitcoin address. Unless your gambling site addresses are somewhat tag, but I don't they are going to that route. They are all in the business of making money, so definitely they will allow everything they deem legal. But I would have to admit that there are cases in our local exchanges wherein somewhat account was blocked because they've identified that the btc address comes from a gambling sites.

Question123

sr. member

Activity: 1624

Merit: 267

I don't see any problem with this, you can send your bitcoin from the gambling site to the coinbase if you really want and I think many people will do that even me I use coinbase to send and recieve bitcoin from the gambling site and mg account is not ban. But if you have doubt until now you can review and check the Term of Condition of the coinbase if they have rules like that.

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

I have never had any problems sending bitcoins to Binance. Maybe you did something wrong or just need to wait a little bit. Usually there are no problems with this, but I think that they will help you on the exchange.

ccsang

full member

Activity: 910

Merit: 103

Quote from: zgrdyg on May 30, 2019, 04:04:44 PM

There shouldn't be any problem.

It is one btc account to another. Why there would be any problem? Also as far as i know, binance doesn't ask where your money coming from.

That's correct, as my opinion is same as other member, it's shouldn't problem sending BTC from gambling site to Binance, exchanges won't ask for proof that the funds is coming from where, it's just like sending BTC to other address. Just doing 1 more step if you really worried lost the funds, create a new personal BTC wallet, move the BTC from gambling site to personal wallet and then sending to Binance, but I think the extra step can ignored.

maldini

sr. member

Activity: 952

Merit: 308

Quote from: rdluffy on May 30, 2019, 03:32:32 PM

There is no problem, at least in my knowledge

If you are really worried, why don't you create a wallet for you in Electrum for example and transfer your coins safely

But this is the first time I heard about exchange not accepting transactions from gambling sites
I know exchanges does not recommend to mine with your exchange adress

True so far there is no problem in sending btc from gambling sites to binance. And I think it's impossible for binance to know and identify every BTTC address sent to their users' wallets from gambling sites.

Samboo

member

Activity: 434

Merit: 10

www.thegeomadao.com

This is the first time I have heard that sending BTC from gambling site to exchanges has not been accepted. There must be something wrong going on.
In fact I have recently sent my some 2 BTC from a gambling site to binance exchange. My deposite has been accepted. I think your BTC deposit will also be accepted by Binance exchange.

christian07

full member

Activity: 265

Merit: 102

OP Binance will warning you like if you withdraw some btc in your gambling site like you can read that in their trading site so better for you to study that and actually base in my real experience like i already do withdraw btc there like gambling site to Binance then you do this because to low the fees that very wise move to do so no issue

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Probably you would be fine.

But there is an if. Binance is blocking hack btc's. And if gambling website accept some of that and pay from the same address that hack btc hold. That may cause a problem.

Sellman

full member

Activity: 406

Merit: 112

There is no problem to send bitcoin from gambling sites to exchanges (someone above said that Coinbase is only one exception). However, if you are still worry about that, you should send your coins (from gambling sites) to wallet (whatever wallet you want to use, just remember to download them from official sites, and avoid phising sites). Electrum is one of the best to use (fast and smooth). Then, you can send your coins from Electrum wallet (for example) to Binance wallet. To spare a little bit fees, you can set your transaction fees at 1 satoshi per byte, but that way will require your transactions have to wait days to be confirmed.
The key point is never store your money on exchanges, even biggest ones, because it is much safer if you have fully control of your wallets. Of course, you have to prepare knowledge, skills, and have healthy habits to keep your computers safely from potential threats.

Pffrt

sr. member

Activity: 1372

Merit: 322

As far as I know, other than coinbase, there's no problem with receiving gambling money in an exchange. However, I suggest you to use electrum, which is available in your mobile as well. So, why you need to take the risk. You have to carry a little fee only.

numanoid

legendary

Activity: 1890

Merit: 1148

Quote from: EdenHazard on June 29, 2019, 06:54:08 PM

Move this thread to gambling discussion it is not belong here.

I don't face any issue to make a deposit from an exchange to gambling site.

Althought I'm not coinbase user but I ever try to make a deposit from binance exchange to gambling site sportbook and I didn't face a problem.

Have you try it? You can if you haven't tried it because you will know everything if passed something. The binance, coinbase and all exchange have a support which is mean if you had a problem you can send them an email to resolve your problem, it is an easy way.

BNB is altcoin, so this is the right section for thia question.

OP didn't tried it because he scared if that would be againts with Binance ToS. Personally i doubt if binance doesn't accept deposit from gambling site

EdenHazard

legendary

Activity: 2674

Merit: 1048

Move this thread to gambling discussion it is not belong here.

I don't face any issue to make a deposit from an exchange to gambling site.

Althought I'm not coinbase user but I ever try to make a deposit from binance exchange to gambling site sportbook and I didn't face a problem.

Have you try it? You can if you haven't tried it because you will know everything if passed something. The binance, coinbase and all exchange have a support which is mean if you had a problem you can send them an email to resolve your problem, it is an easy way.

passwordnow

hero member

Activity: 3066

Merit: 577

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

First how they identify and then judge that you transfer Bitcoin from gambling site to Binance exchange. Don't believe this news just took advice from experience persons who already took this transaction.

They may not know but they can question your transaction and halt your withdrawals.
If ever you're too hard not to answer their interview then they have the right to stop your withdrawals temporarily. OP and other users are just securing their money and if its safe to assume that they can do that.

passwordnow

hero member

Activity: 3066

Merit: 577

Leading Crypto Sports Betting & Casino Platform

If that worries you, read their ToS and if you haven't found anything related to your question then you're safe to assume.
And if something happens to your account, you can tell them that it's not on their ToS unless it's hidden.

Cosbycoin

hero member

Activity: 980

Merit: 506

Quote from: jerry0 on May 30, 2019, 03:29:00 PM

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 don't think there is any problem with that since you are not sending tokens from the gambling site, as long as the coin is being sent to the address provided by the exchange, you would definitely be created with the exact amount you sent, so you can go ahead and make your withdrawal without fear of losing funds, though if you need the coin for the purpose of hodling, then I would advise that you store the coin in a private wallet that gives you access to your private key order than an exchange were the security of your wallet is in their hands.

Topic: Sending BTC from Gambling Site to Binance? - page 3. (Read 7926 times)