[WARNING!] For gamblers using coins.ph - page 7.

Fatunad

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Quote from: Saint-loup on September 06, 2021, 04:27:03 PM

If it's prohibited by the laws of the country I don't understand why those people were sending or receiving cryptos from gambling platforms on wallets of a local exchange. Huh

They should be a little bit stupid or noobs. To get around the problem they just need to use an intermediate wallet. The exchange won't be able to know if the wallet belongs to the same person or even to someone living in the country.

You know that people do really push up something even though they do know that its is prohibited and it do proves out that they havent read up terms and conditions which is a common
thing for most people to miss out and even you do say that theyre stupid or noobs but they do really push up something which is convenient for them to do so.
Transferring funds first on some wallet specially non custodial and then pass up again on gambling site which solved the problem.

Eureka_07

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Quote from: Distinctin on September 04, 2021, 01:15:26 AM

I tried to send XRP to one of the gambling sites I'm using, but I was prompted with this message.

Therefore I'm suggesting everyone especially from the Filipino community who are constantly transacting from coins.ph to a gambling site/s or vice versa. The BSP is already monitoring us, and if we submit the information and put a gambling site as a recipient, we might be sanction as gambling is illegal in our country and it's part of the TOS of the coins.ph that sending coins to a gambling platform is prohibited.

you may refer to the complete terms of services of coins.ph.

https://site.coins.ph/user-agreement

Quote

Prohibited Uses include transactions or activities related to:
(c) Gambling: Online gambling, lotteries, casinos and informal gambling, gaming operations, sports betting, and other games of chance and forms of speculation;

It is actually on their ToS long time ago already. That is why I dont try to use my my Coins.ph's addresses fo withdrawing funds from any gambling sites. This time, I think they just implement it not like before. Be careful about it because they might froze your wallet if your account is guilty on it or they became suspicious to the account.

Just use non-custodial one.

Saint-loup

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Quote from: Japinat on September 06, 2021, 03:25:13 PM

Quote from: Viscore on September 06, 2021, 03:21:35 PM

Quote from: finaleshot2016 on September 06, 2021, 02:41:40 PM

Thanks for sharing the information; to be honest, I didn't even read the TOS because I knew gambling isn't legal in our country and it's not a good idea to use custodial wallets on a gambling platform. The best way is to transfer the funds to Binance or another exchange and then convert them to XRP, where the fees are very low.

It will be a huge problem for an individual if they use it and violate the TOS, because creating an account like a custodial wallet is difficult, and KYC takes a long time to be verified.

Once your name is blacklisted due to violation, you cannot make an account again under your name, you may still use the platform but under the name of another person, could be your wife, parents, or siblings and it's not convenient anymore for you, so prevention is really important, and OP did the right thing for this warning.

That's what I'm afraid of, the reason why I am very careful with using this platform as I know it could happen since some users have already posted before that their accounts were blocked when they associated their account with gambling activities. Regrets always come last, so that's right, prevention is always better and we can only do that if we are aware of the risks of what we are doing.

Let's read the Philippine Gambling laws too, it would help .

https://www.legalonlinegambling.ph/laws/

If it's prohibited by the laws of the country I don't understand why those people were sending or receiving cryptos from gambling platforms on wallets of a local exchange. Huh

They should be a little bit stupid or noobs. To get around the problem they just need to use an intermediate wallet. The exchange won't be able to know if the wallet belongs to the same person or even to someone living in the country.

freedomgo

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Quote from: Hamphser on September 06, 2021, 03:26:00 PM

Quote from: Viscore on September 06, 2021, 03:21:35 PM

Quote from: finaleshot2016 on September 06, 2021, 02:41:40 PM

Thanks for sharing the information; to be honest, I didn't even read the TOS because I knew gambling isn't legal in our country and it's not a good idea to use custodial wallets on a gambling platform. The best way is to transfer the funds to Binance or another exchange and then convert them to XRP, where the fees are very low.

It will be a huge problem for an individual if they use it and violate the TOS, because creating an account like a custodial wallet is difficult, and KYC takes a long time to be verified.

Once your name is blacklisted due to violation, you cannot make an account again under your name, you may still use the platform but under the name of another person, could be your wife, parents, or siblings and it's not convenient anymore for you, so prevention is really important, and OP did the right thing for this warning.

Using up others name via those services is really a hassle thing since you would always ask out on someone whenever you do cash out which i dont really like that too this is why its better to be careful with your
accounts so that you would able to avoid such situation.

Whenever using up a local wallet then it would normally be following regulations of said country or even its not been banned or prohibited but still majority of them will really be having this kind of
rule where they dont like on engaging with these kind of activities.

There's an easy way to do that, just cash out via a card provider like GCASH or directly to your bank account so you don't have to go to the remittance center to cash out the money, in fact, you can cash out through remittance center using other names so it's not really a problem.

The only problem I see is when there's an update of KYC and the owner of the account would not help you anymore, then your account might be limited, also, there's a possibility that you will be sued for an identity thief if the user will try to accuse you since you are using an account not under your name and the liability goes to the person who pass the KYC if something happens to the account.

Hamphser

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Quote from: Viscore on September 06, 2021, 03:21:35 PM

Quote from: finaleshot2016 on September 06, 2021, 02:41:40 PM

Thanks for sharing the information; to be honest, I didn't even read the TOS because I knew gambling isn't legal in our country and it's not a good idea to use custodial wallets on a gambling platform. The best way is to transfer the funds to Binance or another exchange and then convert them to XRP, where the fees are very low.

It will be a huge problem for an individual if they use it and violate the TOS, because creating an account like a custodial wallet is difficult, and KYC takes a long time to be verified.

Once your name is blacklisted due to violation, you cannot make an account again under your name, you may still use the platform but under the name of another person, could be your wife, parents, or siblings and it's not convenient anymore for you, so prevention is really important, and OP did the right thing for this warning.

Using up others name via those services is really a hassle thing since you would always ask out on someone whenever you do cash out which i dont really like that too this is why its better to be careful with your
accounts so that you would able to avoid such situation.

Whenever using up a local wallet then it would normally be following regulations of said country or even its not been banned or prohibited but still majority of them will really be having this kind of
rule where they dont like on engaging with these kind of activities.

Japinat

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Quote from: Viscore on September 06, 2021, 03:21:35 PM

Quote from: finaleshot2016 on September 06, 2021, 02:41:40 PM

Thanks for sharing the information; to be honest, I didn't even read the TOS because I knew gambling isn't legal in our country and it's not a good idea to use custodial wallets on a gambling platform. The best way is to transfer the funds to Binance or another exchange and then convert them to XRP, where the fees are very low.

It will be a huge problem for an individual if they use it and violate the TOS, because creating an account like a custodial wallet is difficult, and KYC takes a long time to be verified.

Once your name is blacklisted due to violation, you cannot make an account again under your name, you may still use the platform but under the name of another person, could be your wife, parents, or siblings and it's not convenient anymore for you, so prevention is really important, and OP did the right thing for this warning.

That's what I'm afraid of, the reason why I am very careful with using this platform as I know it could happen since some users have already posted before that their accounts were blocked when they associated their account with gambling activities. Regrets always come last, so that's right, prevention is always better and we can only do that if we are aware of the risks of what we are doing.

Let's read the Philippine Gambling laws too, it would help .

https://www.legalonlinegambling.ph/laws/

Viscore

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Quote from: finaleshot2016 on September 06, 2021, 02:41:40 PM

Thanks for sharing the information; to be honest, I didn't even read the TOS because I knew gambling isn't legal in our country and it's not a good idea to use custodial wallets on a gambling platform. The best way is to transfer the funds to Binance or another exchange and then convert them to XRP, where the fees are very low.

It will be a huge problem for an individual if they use it and violate the TOS, because creating an account like a custodial wallet is difficult, and KYC takes a long time to be verified.

Once your name is blacklisted due to violation, you cannot make an account again under your name, you may still use the platform but under the name of another person, could be your wife, parents, or siblings and it's not convenient anymore for you, so prevention is really important, and OP did the right thing for this warning.

finaleshot2016

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Thanks for sharing the information; to be honest, I didn't even read the TOS because I knew gambling isn't legal in our country and it's not a good idea to use custodial wallets on a gambling platform. The best way is to transfer the funds to Binance or another exchange and then convert them to XRP, where the fees are very low.

It will be a huge problem for an individual if they use it and violate the TOS, because creating an account like a custodial wallet is difficult, and KYC takes a long time to be verified.

Fredomago

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Quote from: AicecreaME on September 06, 2021, 06:07:39 AM

Furthermore, using non-custodial wallet is much safer and convenient rather than using a custodial wallet which you are not in control when it comes to your funds. I've already discussed it with coins.ph, if they have an exception (signature campaign) but a gambling based one, and the answer is they don't allow it.

So let's not push our luck on this one. Using electrum is very user friendly especially you could edit the transaction fee (their new feature, I guess) since the old versions didn't have it if I'm not mistaken.

Thanks for that heads up, so it's clear now that there're no exemptions even it came from our signature campaigns they will not honor that transaction and once they found it out that you are continuously using their service expect that your account will be question, worse be frozen and not to allow any transaction to be done.

So do what is best for your security, if you are into gambling and you are enjoying this activity, better to use non-custodial wallet, same with what Ziskinberg mentioned, using Electrum or other non-custodial wallet may apply extra fees but better than risking your chance to lose your entire money,.

South Park

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Quote from: Distinctin on September 04, 2021, 01:15:26 AM

I tried to send XRP to one of the gambling sites I'm using, but I was prompted with this message.

Therefore I'm suggesting everyone especially from the Filipino community who are constantly transacting from coins.ph to a gambling site/s or vice versa. The BSP is already monitoring us, and if we submit the information and put a gambling site as a recipient, we might be sanction as gambling is illegal in our country and it's part of the TOS of the coins.ph that sending coins to a gambling platform is prohibited.

you may refer to the complete terms of services of coins.ph.

https://site.coins.ph/user-agreement

Quote

Prohibited Uses include transactions or activities related to:
(c) Gambling: Online gambling, lotteries, casinos and informal gambling, gaming operations, sports betting, and other games of chance and forms of speculation;

While it is always a good thing to listen to other users warn about their experiences in other websites, at the same time how long has that been on their terms of service? After all I suppose this has been there for a long time but it was not enforced and now that they are doing it people need to take care of not getting their accounts blocked since they are violating the terms of service which are incredibly clear, so from now on send your coins to a wallet you control and then to a gambling platform to avoid this to happen to you.

virasog

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Quote from: yazher on September 06, 2021, 06:50:10 AM

Thanks for sharing this with us since when get blocked, it's really a pain to get approval again if you wanted to have a high-limit account. I think we should consider finding some way to avoid such problems to happen especially those people who have a big amount of money in their account. to be honest, I hate getting asked about my source of money when I get caught with it. Thankfully I haven't encountered any of those since I haven't reached their limit anyway.

I think coins.ph is a good and reliable service. Even if they block the account in case anyone violate their terms and services, they should return the money which is in the account. They have no right to keep that money with them.
Secondly, we should abide by the terms and services so that our funds and accounts is save.

ethereumhunter

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Quote from: Yamifoud on September 06, 2021, 03:57:38 AM

Quote from: Betwrong on September 06, 2021, 03:36:51 AM

Guys, if you don't want troubles you should never withdraw from an exchange to a gambling site and vise versa. It can be allowed today, and tomorrow you'll encounter such a headache during the process, like I did a couple months ago, which I wouldn't wish on anyone. I mean, in the past it was easy, I've done it many times, and I did it in the beginning of this year even, but from my own experience, and from what I read on this forum - don't do it.

They allow you to do the transaction but that doesn't mean it's allowed under the law, if you are making a violation of the law, eventually they will see it and you will pay the consequences of your mistakes. Just like making a crime, we might not be caught now but that doesn't exempt us from not paying our mistakes today if we get caught in the future.

If we do not get caught this day, the government will chase us no matter where we are because they will use their resources to find our secret place. As gamblers, we should know how to avoid tracking from the government since we do not want to have a problem. Fortunately, we use crypto to place a bet and we have many options of the coins that we can use to deposit or withdraw but the problem is how we will convert our coins into fiat. We are lucky enough as we have experience withdrawing the coins into our bank account without sounding the alarm from the banks.

yazher

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Thanks for sharing this with us since when get blocked, it's really a pain to get approval again if you wanted to have a high-limit account. I think we should consider finding some way to avoid such problems to happen especially those people who have a big amount of money in their account. to be honest, I hate getting asked about my source of money when I get caught with it. Thankfully I haven't encountered any of those since I haven't reached their limit anyway.

blockman

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Quote from: Betwrong on September 06, 2021, 03:36:51 AM

Guys, if you don't want troubles you should never withdraw from an exchange to a gambling site and vise versa. It can be allowed today, and tomorrow you'll encounter such a headache during the process, like I did a couple months ago, which I wouldn't wish on anyone. I mean, in the past it was easy, I've done it many times, and I did it in the beginning of this year even, but from my own experience, and from what I read on this forum - don't do it.

Well, that's really true. Before this exchange isn't really showing these messages despite it's on their tos. I guess there's the pressure from the governing agency that they have to be stricter since there are those people that have been taking advantage of this and do launder money.
It's better not to do it, this exchange is really the most popular exchange in our country and that's why they're also tightening their precautions towards such activities that are against their tos. Users can no longer reason out if they still do this.

Oshosondy

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Gamble responsibly

Quote from: Ziskinberg on September 06, 2021, 04:03:18 AM

Good suggestion, we have Electrum wallet, we can use it, and though you have to pay an extra transaction fee it's still okay compared to risking your account that you might not be able to register in the same platform again, and worst if they will confiscate your funds.

The transaction fees now are very cheap, you can send with a fee of less than a dollar, so that should not hurt your wallet.

Just be safe as it's not good if the government will be after you, you have a little chance to win.

It does not necessarily needs to be bitcoin you used for the transaction, but there are ways Bitcoin can be used and the transaction time will not be long even with low fee, the time the memory pool are congested is not always and low fee can be used very well, like you said that the memory pool is not even congested now and low fee can be used.

But if someone see bitcoin not convenient because of the transaction fee and transaction time, the person can use altcoins for the transaction, altcoins like ripple, litecoin, USDT (TRC20) and some other coins can be used for low fee. Many altcoin wallets are noncustodial and low fee can be used while the exchange also support the altcoins.

AicecreaME

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Quote from: Ziskinberg on September 06, 2021, 04:03:18 AM

Quote from: Fredomago on September 06, 2021, 03:51:07 AM

Quote from: Oasisman on September 05, 2021, 05:36:20 AM

I have learned from it few years ago and that's kinda something expected from a regulated custodial wallet which happens to be strict in anything you do.
I have read some post before about Coins.ph blocking accounts because it has a gambling related transactions.
That also made me think, you could also be questioned for receiving payments from a gambling related signature campaigns If the campaign uses the funds directly from the gambling website.
So, I guess its safer to use Electrum and other trusted external wallets.

Best to be aware than feeling sorry when the time comes and you are the one who experiencing this same situation, government will detect our transactions using centralized exchange, Coins.ph are registered to our country that's why they needed to comply with all the rules being implemented inside our country.

If you want to secure your asset, better to separate your wallet. Using alternative which you can store your coin with no inference with any government such as Electrum or other trusted wallets are good ways to continue enjoying your gambling activities.

Good suggestion, we have Electrum wallet, we can use it, and though you have to pay an extra transaction fee it's still okay compared to risking your account that you might not be able to register in the same platform again, and worst if they will confiscate your funds.

The transaction fees now are very cheap, you can send with a fee of less than a dollar, so that should not hurt your wallet.

Just be safe as it's not good if the government will be after you, you have a little chance to win.

Furthermore, using non-custodial wallet is much safer and convenient rather than using a custodial wallet which you are not in control when it comes to your funds. I've already discussed it with coins.ph, if they have an exception (signature campaign) but a gambling based one, and the answer is they don't allow it.

So let's not push our luck on this one. Using electrum is very user friendly especially you could edit the transaction fee (their new feature, I guess) since the old versions didn't have it if I'm not mistaken.

Ziskinberg

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Quote from: Fredomago on September 06, 2021, 03:51:07 AM

Quote from: Oasisman on September 05, 2021, 05:36:20 AM

I have learned from it few years ago and that's kinda something expected from a regulated custodial wallet which happens to be strict in anything you do.
I have read some post before about Coins.ph blocking accounts because it has a gambling related transactions.
That also made me think, you could also be questioned for receiving payments from a gambling related signature campaigns If the campaign uses the funds directly from the gambling website.
So, I guess its safer to use Electrum and other trusted external wallets.

Best to be aware than feeling sorry when the time comes and you are the one who experiencing this same situation, government will detect our transactions using centralized exchange, Coins.ph are registered to our country that's why they needed to comply with all the rules being implemented inside our country.

If you want to secure your asset, better to separate your wallet. Using alternative which you can store your coin with no inference with any government such as Electrum or other trusted wallets are good ways to continue enjoying your gambling activities.

Good suggestion, we have Electrum wallet, we can use it, and though you have to pay an extra transaction fee it's still okay compared to risking your account that you might not be able to register in the same platform again, and worst if they will confiscate your funds.

The transaction fees now are very cheap, you can send with a fee of less than a dollar, so that should not hurt your wallet.

Just be safe as it's not good if the government will be after you, you have a little chance to win.

Yamifoud

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Quote from: Betwrong on September 06, 2021, 03:36:51 AM

Guys, if you don't want troubles you should never withdraw from an exchange to a gambling site and vise versa. It can be allowed today, and tomorrow you'll encounter such a headache during the process, like I did a couple months ago, which I wouldn't wish on anyone. I mean, in the past it was easy, I've done it many times, and I did it in the beginning of this year even, but from my own experience, and from what I read on this forum - don't do it.

They allow you to do the transaction but that doesn't mean it's allowed under the law, if you are making a violation of the law, eventually they will see it and you will pay the consequences of your mistakes. Just like making a crime, we might not be caught now but that doesn't exempt us from not paying our mistakes today if we get caught in the future.

Fredomago

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Quote from: Oasisman on September 05, 2021, 05:36:20 AM

I have learned from it few years ago and that's kinda something expected from a regulated custodial wallet which happens to be strict in anything you do.
I have read some post before about Coins.ph blocking accounts because it has a gambling related transactions.
That also made me think, you could also be questioned for receiving payments from a gambling related signature campaigns If the campaign uses the funds directly from the gambling website.
So, I guess its safer to use Electrum and other trusted external wallets.

Best to be aware than feeling sorry when the time comes and you are the one who experiencing this same situation, government will detect our transactions using centralized exchange, Coins.ph are registered to our country that's why they needed to comply with all the rules being implemented inside our country.

If you want to secure your asset, better to separate your wallet. Using alternative which you can store your coin with no inference with any government such as Electrum or other trusted wallets are good ways to continue enjoying your gambling activities.

Betwrong

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I stand with Ukraine.

Guys, if you don't want troubles you should never withdraw from an exchange to a gambling site and vise versa. It can be allowed today, and tomorrow you'll encounter such a headache during the process, like I did a couple months ago, which I wouldn't wish on anyone. I mean, in the past it was easy, I've done it many times, and I did it in the beginning of this year even, but from my own experience, and from what I read on this forum - don't do it.

Topic: [WARNING!] For gamblers using coins.ph - page 7. (Read 1302 times)