Good warning OP but good warning in general to everyone using crypto. Just never ever ever send or receive BTC directly from or to a casino or gambling site to an exchange.
I know Coinbase automatically detects it from their whitelist and I'm sure others do as well.
Always use your own personal wallet as the interface and never let 2 services touch each other:)
As suggested by some members here, use this kind of format when gambling.
exchange - electrum - gambling site.
gambling site - electrum - exchange.
The strategy is time-consuming and you also have to pay more charges on transaction fees, but that kind of flow makes your account safer against the rules for illegal gambling activities.
That would be the ideal process of transferring btc but like you said it's time-consuming and entails transaction costs. These are always my problem before when the tx fees were high so I shifted to using XRP for faster transactions and almost no cost of sending them to gambling websites.
If only gambling sites would support smartchain network as to save some fees, that would be helpful to us.
For now it could be convenient since the fees are cheap, but as the market gets more congested and we still continue to gamble, we will suffer the high transaction fee and we have no choice but to shift to altcoins, and in that matter, electrum will not be useful anymore.
It's not the safest if you don't want to get linked, at least that's the way to mask your real transaction a bit so no questions will be thrown to you. Yes, the fees now are very cheap, you can make transactions more if you want. For gamblers who really want to ensure their privacy or hide the origin of transactions, then it's wise to use a bitcoin mixer, I'm sure the regulators will have a hard time tracing your transactions if you ever get investigated.
They wouldnt really come into that point unless if there are big transactions or funds inside your local wallet which it turns out that rings a bell and might consider for some verification or investigation
but its not actually a bad suggestion since mixers are really the best way on mixing your coins for you on not to be traced but honestly they wont really be that too on having in-depth search
on just having 1 or initial transaction which is pointing out on a personal wallet which i could say that i would prefer something like this over hassling yourself on mixers.
Well, that might trigger an investigation as it's a red-flagged if an account suddenly receives a huge amount, not on its normal daily averages, the exchange might ask you where the money is coming and that would make you in trouble as you can't say it's from a gambling site since it's illegal.
We just have to be aware of this possible scenario so we will just slowly transact an amount to our coins.ph until we send everything, it doesn't matter if it will take months as long as you are safe from investigation.
