Pages:
Author

Topic: Simple and easy wallet only for gambling (Read 406 times)

legendary
Activity: 1624
Merit: 1200
Gamble responsibly
June 26, 2021, 04:57:19 AM
#53
Still, Binance fees can kill especially when it comes to BTC/ ETH and some alts unless they're withdrawn via BEP20
I will advice not to use custodial service address for withdrawal from gambling sites but binance do not have anything against gambling and not on their terms of service but using noncustodial wallet for it will be the best.

But in case of withdrawing from binance, most altcoins will require only low fee for withdrawal, also the USDT which is supported in almost all gambling sites has low transaction fee that will be deducted both on exchanges and noncustodial wallet.
full member
Activity: 1638
Merit: 122
I will suggest you to use a multi coin wallet like trust wallet. And I also use this. No problem at all. And you can also store many coins in one wallet. Beside it you can use binance account. But it's not a wallet it's an exchange that means there is no private key in your hand.
exchanges could restrict funds that are coming from a gambling site .
 this is the problem of the op
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
You can use trustwallet to use it on gambling sites or you can create another wallet in electrum and use it for that purpose. Electrum wallet have different addresses when you want to receive bitcoin so ypi don't have to worry about traces of your main address having a gambling transactions. If you don't trust such wallets then your choice is to create new electrum wallet.
legendary
Activity: 3122
Merit: 1140
Use your electrum wallet directly to send and receive those funds or you can create another electrum wallet to store your funds for gambling only. Don't use any custodial wallet if you want to send those winnings in gambling, some custodial wallets prohibited sending or receiving funds from/to a gambling sites that is included on their ToS.

There's no use of using another wallet when you have the safe one to use and that's electrum wallet.
sr. member
Activity: 1204
Merit: 272
1xbit.com
I personally using Binance wallet directly from my Crypto gambling sites , from depositing and withdrawals so far i have no issue at all.

is there any upcoming issue from binance depositing and withdrawing my gambling funds?

I too do the same only.
This helps me to save my transaction fees a lot. And it comes quick handy too.
I mean i can then instantly convert it into hard cash whenever i want to.

Moreover Op you can directly transfer the coins to electreum wallet. I guess there is no issue in doing that.
And if you want to remain anonymous, then better use some kind of mixer to mix your coins and make yourself safe.
Chipmixer will be a great mixer for you atm.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
It is somewhat difficult to recommend another wallet that is not Electrum, I imagine it is to be able to transfer your money faster, but if what you want is to be able to make transactions taking care that they require possible KYC, use currencies such as Zcash, Monero, to give you more privacy and anonymity. In particular, I always use Binance, it gives me more confidence, deposits in BTC are fast and have the necessary sending and withdrawal protocols, also you can make a quick exchange and move quickly to currencies such as Ripple, Ada, LTC, whose fees are very low and also TRX that for now the casinos are adopting them.

legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform

It's easier to trutswallet, which has a lot of coins with the support of various bases already available there and delivery is very simple, so this is indeed the choice of many people to hold coins of various types, including withdrawals and deposits to gambling, this will be very simple as possible.
Lots of options if you are not just using single coin from your gambling activities, it's easy and handi to use just make sure to take time

understanding every important information regarding to this wallet and you are good to go.

Quote
Using an exchange wallet in my opinion is a bit complicated considering that you have to do several steps including confirmation so it will also take time to transact.

Adding to that, if exchange see some questionable activities within your account they'll suspect you doing something illegal and they'll

freeze your wallet till you provide what they've going to ask you proving that there's nothing inside your account.
legendary
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
Hello i want know a simple and easy wallets (and trust) to used only in gambling sites, then i will use that to sent the withdraws for my main electrum wallet .


Can anyone help me? a very simple ,and trust walet only for deposit and receive from gambling without issues because gambling moviments,like coinbase do.

Tnaks in adv
Any non-custodial will do. Trust wallet is good and I have no problem using it, Though I only recommend it if you are mainly using a mobile. If you want a versatile wallet, Metamask for me is good because it has a mobile and a web extension that can be used on a desktop. Also both trust wallet and metamask is offering Multi-coin support.
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
I will suggest you to use a multi coin wallet like trust wallet. And I also use this. No problem at all. And you can also store many coins in one wallet. Beside it you can use binance account. But it's not a wallet it's an exchange that means there is no private key in your hand.
It's easier to trutswallet, which has a lot of coins with the support of various bases already available there and delivery is very simple, so this is indeed the choice of many people to hold coins of various types, including withdrawals and deposits to gambling, this will be very simple as possible.
Using an exchange wallet in my opinion is a bit complicated considering that you have to do several steps including confirmation so it will also take time to transact.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
I will suggest you to use a multi coin wallet like trust wallet. And I also use this. No problem at all. And you can also store many coins in one wallet. Beside it you can use binance account. But it's not a wallet it's an exchange that means there is no private key in your hand.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
or Doge and tron at least?
Yea if OP doesn't mind about privacy TRON, DOGE, etc. are great for cheap transaction. However, Monero is still a better option for gambling IMO since (in theory) exchanges cannot determine the source of transaction, thus cannot block funds for gambling activities. If there is some doubt that Binance will block funds from casinos, better use Monero.
full member
Activity: 966
Merit: 102
Hello i want know a simple and easy wallets (and trust) to used only in gambling sites, then i will use that to sent the withdraws for my main electrum wallet .


Can anyone help me? a very simple ,and trust walet only for deposit and receive from gambling without issues because gambling moviments,like coinbase do.

Tnaks in adv

Just don't use wallet coming from exchanges and your withdrawal will be ok centralized exchange are very strict when it comes to where the money is coming from their members, this is because of their compliant to KYC, I am betting in gambling and I have no problems receiving my earnings and winnings to centralized just don't use a custodial wallet limit yourself in using a custodial wallet.

I also advise not to use a wallet that you can create online such as blockchain.com. Then you would be better off using software and using a wallet like Electrum. It also depends on what your further intentions are for the money you may earn with gambling.
hero member
Activity: 3010
Merit: 629
Just for a comparison, isn't it cheaper if you send bitcoin from your desktop wallet to gambling sites ? If you frequently deposit / withdraw from gambling sites, using a desktop wallet is more safer and cheaper when compared with binance ?
yes, it's cheaper when sending bitcoin from electrum to gambling site, especially on weekends where we can use 1 satoshi fee. but they aren't mentioned which coin? maybe they are deposit/withdraw doge, trx, or Litecoin where they are frequently trading it into binance.
Sometimes im using electrum.
But if there's an option to deposit/withdraw alts particularly ltc, (I prefer that one) im using binance wallet.
When it comes to security, of course desktop wallet is much safer. Well I guess it depends what's your plan with your coins, because in my case I often trade in binance so thats why.
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10

yes, it's cheaper when sending bitcoin from electrum to gambling site, especially on weekends where we can use 1 satoshi fee. but they aren't mentioned which coin? maybe they are deposit/withdraw doge, trx, or Litecoin where they are frequently trading it into binance.

Most probably. Imagine having a few separate wallets for DOGE, TRX, LTC and spending the fees just to send them (an extra step + time).

Still, Binance fees can kill especially when it comes to BTC/ ETH and some alts unless they're withdrawn via BEP20
legendary
Activity: 2366
Merit: 2054
Just for a comparison, isn't it cheaper if you send bitcoin from your desktop wallet to gambling sites ? If you frequently deposit / withdraw from gambling sites, using a desktop wallet is more safer and cheaper when compared with binance ?
yes, it's cheaper when sending bitcoin from electrum to gambling site, especially on weekends where we can use 1 satoshi fee. but they aren't mentioned which coin? maybe they are deposit/withdraw doge, trx, or Litecoin where they are frequently trading it into binance.
sr. member
Activity: 2030
Merit: 356
I personally using Binance wallet directly from my Crypto gambling sites , from depositing and withdrawals so far i have no issue at all.
Same here im also using binance when depositing or withdrawing to gambling sites where I gamble.

There's no restriction and its convenient because you have an option whether to trade it or convert to fiat, plus most cheaper coins when it comes to transactions are there so its a good thing.

I wonder what country op came from.

Just for a comparison, isn't it cheaper if you send bitcoin from your desktop wallet to gambling sites ? If you frequently deposit / withdraw from gambling sites, using a desktop wallet is more safer and cheaper when compared with binance ?
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10

^ Is the Binance exchange did not freeze the fund from the gambling site? Because sometimes centralized exchanges are did not allow transferring crypto using gambling sites, they will most likely freeze your fund. I think we should be careful reading first the TOS because we don't know what will happen in the future, and our BTC will become a waste if the centralized exchange or wallet will freeze our BTC that comes from gambling. However, why not directly hold on to Electrum wallet if you want to sell it just transfer your BTC to exchange.

No, in fact they are partnered (or associated with) a gambling website itself.

Someone actually brought this up recently; if you visit BPlay, you'll see the "BINANCE Official Partner for Games". And then you launch the mobile Binance app and scroll all the way to the bottom, tap on Third-Party Account, scroll all the way to the bottom and you'll see BPlay there.
hero member
Activity: 3010
Merit: 629
I personally using Binance wallet directly from my Crypto gambling sites , from depositing and withdrawals so far i have no issue at all.
Same here im also using binance when depositing or withdrawing to gambling sites where I gamble.

There's no restriction and its convenient because you have an option whether to trade it or convert to fiat, plus most cheaper coins when it comes to transactions are there so its a good thing.

I wonder what country op came from.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
Hello i want know a simple and easy wallets (and trust) to used only in gambling sites, then i will use that to sent the withdraws for my main electrum wallet .


Can anyone help me? a very simple ,and trust walet only for deposit and receive from gambling without issues because gambling moviments,like coinbase do.

Tnaks in adv
Well it has been given above but i will still vouch for Binance as one of the safest and allowable exchange coming from gambling sites.
almost all of us in group are using Binance as output from our gambling funds before deciding what to do, either to convert in fiat or in other altcoins , unless you live in areas where there is a policy about gambling restriction then you'll face some issue from binance exchange also.
sr. member
Activity: 2618
Merit: 439
I personally using Binance wallet directly from my Crypto gambling sites , from depositing and withdrawals so far i have no issue at all.

is there any upcoming issue from binance depositing and withdrawing my gambling funds?
I use Binance as well, and it has no issue. Maybe OP is from a country restricted from Binance ToS? If he can use Binance, better use that exchange.
Oh yeah , there are some cases here from strict countries that face issues such.

Lucky for us who has not that strict in policies .

Quote



Anyway, rather than use BTC + mixer, why not use Monero? It should be cheaper, and if you use casino like Duelbits, you don't have to worry about price fluctuation.
or Doge and tron at least?

Pages:
Jump to: