Topic: [WARNING!] For gamblers using coins.ph - page 2. (Read 1219 times)
Damn the sole reason you do not use a centralized wallet is because of these situations. You can use your own wallet and send the coins and the authorities are not going to monitor them. In my country there is no restrictions for gambling and never will be but for countries that are prohibited from gambling online you just avoid using centralized wallets when you can create your own wallet.
Coins.ph is losing customers because of their strict rules but members failed to realize that it's the AMLA the money laundering council and BSP are the ones that laid down the rules and they just follow what on the rules because they are compliant, so it's better to monitor your transactions and follow what Coins.ph tells its members because it's still the number exchange in the country.
Coins.ph keeps restricting account so they do KYC now and then. Once they found out it is about gambling they will terminated the account. They qill gove documents for you to claim the remaining balance but you will be blocked by their system and not be able to register again. Better find other platforms to use in cashing out if we cant stop ourselves from gambling.
Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.
That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.
up when you are just tending to register of in the site or service.Its better to be safe than sorry because once the government is your enemy then it is something that would really be hard for you
to pass on or resolved into which is why its better to be safe.
If you dont like to tie up yourself into problems then its better to avoid it on the first place if you arent sure if they are prohibiting it or not.Terms and conditions is always free for you to read up if you
do have doubts.
Some service doesnt mind about gambling activity but mostly are way too strict when it comes to this.
Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.
That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.
Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.
That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.
up when you are just tending to register of in the site or service.Its better to be safe than sorry because once the government is your enemy then it is something that would really be hard for you
to pass on or resolved into which is why its better to be safe.
Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.
That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.
Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.
Withdrawing money from a gambling site to exchange seems less risky.
The alarming one is sending money from the exchange to gambling sites. It's easy for exchanges to monitor and detect the output of the outgoing transaction compare to when receiving funds.
But either way, let's make a regular habit now, especially for those who are just gambling casually, not involved gambling activity in exchange transactions.
I believe they have the capacity to trace the transactions, for an exchange, I guess it's easy to know if the wallet belongs to the exchange or to a gambling site. So if both are registered, then there's no problem with tracing, and the problem only is on the users who violated the rules of using the platform.
Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.
Dont know on how its been done but its not impossible considering sharing up on the same address which would direct into a particular platform then it could be known whether its a personal wallet,
exchange platforms or gambling sites.
Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.
Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.
Mixers are the best option if you don't want to track any transactions that you need to take.
safer than trying your luck not to suffer from frozen account.
Good if you can play for the mixer fee, I mean your transaction should be big so you won't feel the transaction fee in a mixer.
When using a mixing service, you pay for the transaction fee in blockchain and fee for the mixer, so this isn't for gamblers who just gamble a small amount of money, the most suitable for them IMO is to use a 3rd party wallet, just avoid sending directly to gambling sites from coins.ph, or vice versa.
Not just that I think the fact that this message is Poppin up there does mean that you might already be monitored, therefore things might be a little scary,
They have all the means to monitor an account because we are using their platform (coins.ph), and there's nothing to be scared of if you are not breaking the law, and if you know how to hide your transactions and make it appeared like you are not breaking a law if you try to break it. 
Not just that I think the fact that this message is Poppin up there does mean that you might already be monitored, therefore things might be a little scary, since most sites do not permit the use of VPN and easy to track someone down as well.
They can very easily track your transactions down, if they do know a little about cryptocurrencies and addresses. It would be wise to avoid such situations, if it's banned leave it alone. You don't really have to pay your time in prison for all this, you can rather go to the nearest offline gambling store and gamble there
They can very easily track your transactions down, if they do know a little about cryptocurrencies and addresses. It would be wise to avoid such situations, if it's banned leave it alone. You don't really have to pay your time in prison for all this, you can rather go to the nearest offline gambling store and gamble there
I believe they have the capacity to trace the transactions, for an exchange, I guess it's easy to know if the wallet belongs to the exchange or to a gambling site. So if both are registered, then there's no problem with tracing, and the problem only is on the users who violated the rules of using the platform.
It's easier if both businesses are registered as they can easily track down
all the transactions and sort which are those who violated their rules.
Easy for these companies as they need to comply with the government to avoid having problem with their business permits.
Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.
Mixers are the best option if you don't want to track any transactions that you need to take.
safer than trying your luck not to suffer from frozen account.
Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.
Withdrawing money from a gambling site to exchange seems less risky.
The alarming one is sending money from the exchange to gambling sites. It's easy for exchanges to monitor and detect the output of the outgoing transaction compare to when receiving funds.
But either way, let's make a regular habit now, especially for those who are just gambling casually, not involved gambling activity in exchange transactions.
I believe they have the capacity to trace the transactions, for an exchange, I guess it's easy to know if the wallet belongs to the exchange or to a gambling site. So if both are registered, then there's no problem with tracing, and the problem only is on the users who violated the rules of using the platform.
Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.
Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.
Withdrawing money from a gambling site to exchange seems less risky.
The alarming one is sending money from the exchange to gambling sites. It's easy for exchanges to monitor and detect the output of the outgoing transaction compare to when receiving funds.
But either way, let's make a regular habit now, especially for those who are just gambling casually, not involved gambling activity in exchange transactions.
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I know how strict Coins.ph when you are sending Crypto but not when you are receiving, so I use Abra or peer to peer when sending Crypto to a gambling site, but I have done it only twice, Coins.ph is very strict and they very strict in where you are sending your coins even if it is a small amount, so it's better to limit your outgoing transaction than incoming.
Thats true, coins.ph are more strict for outgoing transaction especially if you're sending to a non coins.ph account. Well its understandable if they are more strict now, and that is to monitor any unlawful activity. So if you gamble frequently, use another wallet instead and just use coins.ph to cash out.We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.
The rules of the coins.ph especially the major rules are based on the law of the land.
We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.
Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.
Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.
What should we call them anyway?
Because, IMO you just defined the word "ignorant". Lacking of knowledge, because they haven't read the company TOS first.
I'd admit it, sometimes I do not read the whole content of the TOS and so as a result I can call myself Ignorant to things I didn't know that violates the use of such platform.
"Ignorance of the law excuses no one." That will always apply.
Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.
Withdrawing money from a gambling site to exchange seems less risky.
~
I can assure you that it's not, in reality. I used to make this mistake in the past and withdrawing from a gambling site to exchange was mostly okay, but one time I encountered a tedious and lengthy KYC process on a site that never required KYC otherwise.
Even though you can lose a bit on additional transaction fee, I'd recommend to withdraw to your wallet first, and then to an exchange.
Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.
Withdrawing money from a gambling site to exchange seems less risky.
The alarming one is sending money from the exchange to gambling sites. It's easy for exchanges to monitor and detect the output of the outgoing transaction compare to when receiving funds.
But either way, let's make a regular habit now, especially for those who are just gambling casually, not involved gambling activity in exchange transactions.
The rules of the coins.ph especially the major rules are based on the law of the land.
We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.
Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.
Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.
No one will inform you as we are using an online platform, it's not like a scenario where you go to the banks and you can talk to the person that will interview you before you account is approved, here online, the set of rules are already ready to read and before you click that okay, make sure you read the TOS of the site, if you don't read, that will make you ignorant.
Indeed, that's the point, that's why the "ignorance of the law" comes into discussion because we can't complain on something that we have already agreed from the very beginning, that's a big insult to us because we sign or approve on the terms hat we didn't read. Bringing up this kind of topic will give a hint to anyone who is still not aware of the serious violation they are doing and its consequences in the future.
The rules of the coins.ph especially the major rules are based on the law of the land.
We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.
Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.
Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.
No one will inform you as we are using an online platform, it's not like a scenario where you go to the banks and you can talk to the person that will interview you before you account is approved, here online, the set of rules are already ready to read and before you click that okay, make sure you read the TOS of the site, if you don't read, that will make you ignorant.
As long as we're using an online platform and have a lot of features specially money-related things, make it sure to read TOS.
The rules of the coins.ph especially the major rules are based on the law of the land.
We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.
Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.
Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.
No one will inform you as we are using an online platform, it's not like a scenario where you go to the banks and you can talk to the person that will interview you before you account is approved, here online, the set of rules are already ready to read and before you click that okay, make sure you read the TOS of the site, if you don't read, that will make you ignorant.
I don't think they should be called "ignorant" as it is really has different meaning than what are being discussed here. Probably they just do not know that such terms exists so they're doing it. They're either not informed or they didn't read the terms of service of Coins.ph. Lets not pretend that we all are always reading those
You have a point but at least I'm expecting more are now aware of it. Terms about gambling is been in the exchange's Terms of Service since the company's inception in the Philippines. Not new after all although yes, most of us are not really aware or reading the terms. It's just become advice currently that reading the terms is necessary because crypt-related companies and services have now become a subject for regulations at any country.
But as far as PH local users are concerned, I doubt some of them already checked this thread. Maybe OP can share the thread on Coins.ph unofficial thread or I will do it later instead.
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