Which cryptocurrency casino accept crypto wallet as prove of funds.

Odusko

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Quote from: Fivestar4everMVP on September 27, 2024, 07:51:50 PM

Quote from: Odusko on September 12, 2024, 10:05:42 AM

I know many gamblers like myself have being burdering themselves with this vital question of the possibility to use cryptocurrency wallet, let say ab exchange wallet or a personal hot wallet as prove of fund's, because recently I have been stock in this step of source of funds verification on a number of casino that I intend to carry out my level 3 KYC verification where documents as source of funds are needed.

On few occasions when I get to this step on most fiat online casinos around my country, what I often used as source of funds could range from statement of account from banks.

My question is can we use crypto wallet with long history of transactions and possibly a sign message be used as source of funds requirements for online crypto casinos?

Would make sense absolutely, because this can make the stress of crypto users reduce significantly since one issue crypto users have always had with level 3 verification is how to provide an acceptable prove of fund to the casino.

But unfortunately, at the moment, I do not think any casino is currently accepting a wallet as a prove of fund, and this is possibly because any body can use another person's wallet transaction history as their own and the casino won't have any means of telling if the wallet used actually belongs to that user or not.
You might want to say that this is where the signed message comes in, which I personally agree with you on, but then and unfortunately again, no casino I know of, is or will accept a wallet's transaction history as a prove of fund, maybe this can be possible in the future as the industry becomes more mature.

Exactly and absolutely right Fivestar4everMVP, because if cryptocurrency data from address could serve as proof of funds, alot of cryptocurrency users will have less stress in finding and providing such documents since it will be right at their figure tip to dish out any moment in time to support their demands, also the stress of depending on third party provider to get you such documents that can serve as proof of funds.

We may have many factors that could limits that possibility, and for sure crypto address also have it own limitations in terms of transaction tracing and verifications since most cryptocurrency transactions are without lebeling.

Unless if the company you work for are paying and making right payment reference to indicates that this is a salary payment so that the verification team can take a look at it before validating and approving it.

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Quote from: adzino on September 27, 2024, 07:03:31 PM

I am pretty much sure that source of funds mean how you achieved those funds. Not from where those funds came from (they are not asking if you sent those funds from your bank account or your crypto wallet). I mean if you claim that the funds you are gambling with came from your salary, then to prove your claim, you show your bank statements where they can see that you actually receive money/funds from your company. So I am not sure how you can do the same by showing your crypto wallet. The transactions on your wallet proves nothing and are unclear for where or who is sending you the money. If you are working and your employer pays you in crypto, you can use pay slips as a source of funds.

That's what it means—not where the money is coming from; they don't care about that; they're practically asking for a proof of income. In any case, I think this thread has delved into the same topic for too long. I've never encountered such an incident myself, and in my opinion, I see this as a rare occurrence that might be triggered by suspicious users depositing major amounts of money in short time intervals. Even then, I don't see a valid reason for a casino to question the user, as it's usually in their favor.

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Quote from: Odusko on September 12, 2024, 10:05:42 AM

I know many gamblers like myself have being burdering themselves with this vital question of the possibility to use cryptocurrency wallet, let say ab exchange wallet or a personal hot wallet as prove of fund's, because recently I have been stock in this step of source of funds verification on a number of casino that I intend to carry out my level 3 KYC verification where documents as source of funds are needed.

On few occasions when I get to this step on most fiat online casinos around my country, what I often used as source of funds could range from statement of account from banks.

My question is can we use crypto wallet with long history of transactions and possibly a sign message be used as source of funds requirements for online crypto casinos?

Would make sense absolutely, because this can make the stress of crypto users reduce significantly since one issue crypto users have always had with level 3 verification is how to provide an acceptable prove of fund to the casino.

But unfortunately, at the moment, I do not think any casino is currently accepting a wallet as a prove of fund, and this is possibly because any body can use another person's wallet transaction history as their own and the casino won't have any means of telling if the wallet used actually belongs to that user or not.
You might want to say that this is where the signed message comes in, which I personally agree with you on, but then and unfortunately again, no casino I know of, is or will accept a wallet's transaction history as a prove of fund, maybe this can be possible in the future as the industry becomes more mature.

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Quote from: Odusko on September 12, 2024, 10:05:42 AM

I know many gamblers like myself have being burdering themselves with this vital question of the possibility to use cryptocurrency wallet, let say ab exchange wallet or a personal hot wallet as prove of fund's, because recently I have been stock in this step of source of funds verification on a number of casino that I intend to carry out my level 3 KYC verification where documents as source of funds are needed.

On few occasions when I get to this step on most fiat online casinos around my country, what I often used as source of funds could range from statement of account from banks.

My question is can we use crypto wallet with long history of transactions and possibly a sign message be used as source of funds requirements for online crypto casinos?

I am pretty much sure that source of funds mean how you achieved those funds. Not from where those funds came from (they are not asking if you sent those funds from your bank account or your crypto wallet). I mean if you claim that the funds you are gambling with came from your salary, then to prove your claim, you show your bank statements where they can see that you actually receive money/funds from your company. So I am not sure how you can do the same by showing your crypto wallet. The transactions on your wallet proves nothing and are unclear for where or who is sending you the money. If you are working and your employer pays you in crypto, you can use pay slips as a source of funds.

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Quote from: Odusko on September 12, 2024, 10:05:42 AM

I know many gamblers like myself have being burdering themselves with this vital question of the possibility to use cryptocurrency wallet, let say ab exchange wallet or a personal hot wallet as prove of fund's, because recently I have been stock in this step of source of funds verification on a number of casino that I intend to carry out my level 3 KYC verification where documents as source of funds are needed.

On few occasions when I get to this step on most fiat online casinos around my country, what I often used as source of funds could range from statement of account from banks.

My question is can we use crypto wallet with long history of transactions and possibly a sign message be used as source of funds requirements for online crypto casinos?

On this case of funds sources, I believed that your long time crypto wallet transactions would be recommended for submission to online casinos that requires this documents. However, we can't extract all history easily because we need coordination with wallet's administration requesting properly. Thinking about banking, I don't think they'll allow gambling activity to deal with them depending on how you justify your reasons towards them, yet you can use some other excuses just to get what you wanted to. KYC and other personal information is always what we're going yo experience in the first place, secondarily this funds history idea was one of the advanced proof they're requesting from every individual.

Odusko

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Quote from: Saint-loup on September 26, 2024, 03:16:49 PM

]I don't think many of them if any, would accept the transaction history of an address or a wallet, since it could belong to someone else you know accepting to sign message with it or to temporarily lend it to you for this purpose. But I don't think an history from an exchange account would be accepted too since they usually want to see how you make a living, what are your incomes precisely.

Thank you all for the replies and I will go ahead now to luck this thread to avoid it turning into a mega thread, and quoting this last comment because the point raised by Saint-loup really got my attention, signing a message from the wallet will definitely be the sure way to verify the ownership of such a wallet, and that is if you are using a custodial wallet since exchange wallet can get signed message.

And for that from all the comments I am now aware that no financial platform accept cryptocurrency wallet as a profe of fund verification documents for now, unless if not yet mentioned in all of this discussion.

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Quote from: Odusko on September 12, 2024, 10:05:42 AM

I know many gamblers like myself have being burdering themselves with this vital question of the possibility to use cryptocurrency wallet, let say ab exchange wallet or a personal hot wallet as prove of fund's, because recently I have been stock in this step of source of funds verification on a number of casino that I intend to carry out my level 3 KYC verification where documents as source of funds are needed.

On few occasions when I get to this step on most fiat online casinos around my country, what I often used as source of funds could range from statement of account from banks.

My question is can we use crypto wallet with long history of transactions and possibly a sign message be used as source of funds requirements for online crypto casinos?

I don't think many of them if any, would accept the transaction history of an address or a wallet, since it could belong to someone else you know accepting to sign message with it or to temporarily lend it to you for this purpose. But I don't think an history from an exchange account would be accepted too since they usually want to see how you make a living, what are your incomes precisely.

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Quote from: swogerino on September 25, 2024, 05:27:19 AM

I assume not for the simple reason that you have to also have some sort of official communication of where you got the funds and if you have it from mining activities for example the casino KYC team needs to approve this source of funds which in the majority of the cases is not accepted. I think based on this that it would be very difficult that an old wallet of a cryptocurrency with lots of transaction to be used to verify yourself in a KYC situation. For that email from an official source that you have been paid in crypto for some services should absolutely be taken in consideration by any entity as a valid source of income.

This is a case that will be difficult to solve for those who have been working with cryptocurrencies from before until now. I was lucky that one of my local wallet exchanges had accepted a number of transactions from Mycelium to prove that I was not cheating the process. All of them are paid from a different address and it was not like I robbed it from another person.
The only trouble is they do that kind of checking annually and that means every year I have to prove to them that the income is something being paid by someone else and not coming from an illegitimate source.
Still, I do feel those who are having that same problem and I always wish the exchanges, gambling sites, and other businesses who accept cryptocurrencies should change their rules about it.

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Quote from: Odusko on September 12, 2024, 10:05:42 AM

I know many gamblers like myself have being burdering themselves with this vital question of the possibility to use cryptocurrency wallet, let say ab exchange wallet or a personal hot wallet as prove of fund's, because recently I have been stock in this step of source of funds verification on a number of casino that I intend to carry out my level 3 KYC verification where documents as source of funds are needed.

On few occasions when I get to this step on most fiat online casinos around my country, what I often used as source of funds could range from statement of account from banks.

My question is can we use crypto wallet with long history of transactions and possibly a sign message be used as source of funds requirements for online crypto casinos?

I assume not for the simple reason that you have to also have some sort of official communication of where you got the funds and if you have it from mining activities for example the casino KYC team needs to approve this source of funds which in the majority of the cases is not accepted. I think based on this that it would be very difficult that an old wallet of a cryptocurrency with lots of transaction to be used to verify yourself in a KYC situation. For that email from an official source that you have been paid in crypto for some services should absolutely be taken in consideration by any entity as a valid source of income.

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Quote from: blockman on September 19, 2024, 05:11:13 PM

Quote from: o48o on September 19, 2024, 03:27:39 PM

We are now in a transitional phase, and it's not applied everywhere yet, so enjoy this time when you don't need to provide it everywhere. And it's not about small amounts they are worried about, so maybe that's why you haven't encountered it yet.

There is a slight chance that it might be asked and considered in the future but I don't think that it will be an actual requirement accepted by any casino.
It's better to keep it private whether you're a millionaire holder or someone who's got a lot of it. I wouldn't even allow a casino or myself to use that as a proof of funds.

Slight change? What are you basing this argument on? Because I've been following this pretty closely and while i could dig up links to for you to read about latest crypto regulations later on when i am on my desktop computer, but given the fact, that was probably based on your own opinion, i feel you might not be that interested. If you really are, please ask, and i find them.

Casinos can't just decide if they choose to follow aml laws. And those regulations aren’t casinos only ones they need to comply with if they want to serve customers from most first world countries.

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Quote from: Odusko on September 19, 2024, 11:01:15 AM

Sometimes you don't need to bet a million dollars bet before being asked to prove your fund's, sometimes we come across a number of casino's who just asked for some form of KYC for whatever reason and in recent involvement a prove of fund's is demanded to increase the security of the account and the benefits that comes with having such account that is highly verified which large wagering is one of such benefits.

Very well said, but in the term for the cryptocurrency Wallet demands, their may mentioned that a wallet that have a number of consistent inflow for a long period of time, could be most acceptable, and anything other than that can be a prove of fund's, so in presenting the wallet, you can't just submit any random wallet for the verification, the statement is just based on my own personal assumptions any ways.

Taking that route too is quite the most available and acceptable since on excahges, users can have some proper financial statements, so getting and excahges invoice on Wallet is somewhat the best possible solution in this case.

Yeah on a glimpse I just thought you were gonna bet a million dollars Grin

and yes some casino just asked for kyc and stuff even centralized exchanges do that kyc level 1 usually need a id card kyc level 2 need bank statement and kyc level 3 is proof of fund usually for higher withdraw limit or something like that.

maybe you can put your own wallet address but there is need to be other attachment that support that is your wallet so the casino will believe in you.

and yep for now the best is doing like deposit in cex and just ask for financial statement

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I don't think we are in the right position to answer this. This is actually confusing. Technically, if I were the one to decide, I'd accept it provided there's a consistent, say, weekly, bi-monthly, or monthly deposit of more or less similar amounts. Many of us, after all, are working for Bitcoin. Instead of bank accounts, we have wallets where our payments are sent.

However, in the absence of regular deposits signifying work payments, I think it begs the question. I mean, you haven't proven your source of funds.

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Quote from: o48o on September 19, 2024, 03:27:39 PM

We are now in a transitional phase, and it's not applied everywhere yet, so enjoy this time when you don't need to provide it everywhere. And it's not about small amounts they are worried about, so maybe that's why you haven't encountered it yet.

There is a slight chance that it might be asked and considered in the future but I don't think that it will be an actual requirement accepted by any casino.
It's better to keep it private whether you're a millionaire holder or someone who's got a lot of it. I wouldn't even allow a casino or myself to use that as a proof of funds.

o48o

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Quote from: davis196 on September 13, 2024, 01:41:12 AM

Why would any casino require a proof of funds? Does the casino think that the gambler is betting laundered or stolen money? Grin

Do you think that providing a crypto wallet with long transaction history proves anything? I think that ID verification should be more than enough for every casino and anything more than that is just the casino trying to find an excuse to block your account and steal your funds.
If a casino ever asks me to provide proof of funds, I would refuse and I would simply stop using that casino. The money in my casino account would most likely be gone forever, but my main rule is to never bet big amounts and never leave big amounts of crypto in your casino account.

It seems you are out of loop for some reason. This has been coming for years, and people have talking about it a lot. It's the proof of origin, which came via FATF travel rule. That's the reason why monero is getting delisted in everywhere as well.

And by all means, don't use that casino, except that will be the case with every legit casino and cex. So maybe you'll just use decentralized gambling, which can become a problem when you try to cash your winnings and you'll have to provide that proof of origin.

We are now in a transitional phase, and it's not applied everywhere yet, so enjoy this time when you don't need to provide it everywhere. And it's not about small amounts they are worried about, so maybe that's why you haven't encountered it yet.

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Quote from: EarnOnVictor on September 14, 2024, 09:39:26 AM

This is the second time I have seen a similar question on the forum, but sincerely if I operate a centralised company, I will not accept your crypto proof of statement, this can surely be doctored/arranged in your favour. If you would agree with me, it doesn't state where (companies/deals) your funds originated from and for what purposes are the funds, so it has nothing meaningful to offer the verifying party. But a bank statement/financial card statement has all that, which makes it better.

It's even good if your source of funds is trading/investment, you can message your brokers for such and it will be delivered to you in the best quality format you want. As you can see, these are all centralised arrangements which is what the casino requires of you.

i think this may there is no need of worrying ourself about what is not giving us problem at all, and just as you have said, there is not point in using such a platform that will only demand for your crypto statement of account or should i say transaction history and all they could is to spy on you in other to know about what crypto worth, but no of the information about you can this be of a benefit to them because they cant have access to them the statement.

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Quote from: Odusko on September 12, 2024, 10:05:42 AM

My question is can we use crypto wallet with long history of transactions and possibly a sign message be used as source of funds requirements for online crypto casinos?

Most casinos actually have this type of rule when a user makes a suspicious amount of fund activity. And in this case, each casino may have one type of rules and to know this, I will tell you to go to the terms and conditions of the casino where your source fund document is required by the casino and understand the matter clearly rather than asking here.
That's why you can directly talk to their support if you want. Or if they have an official ANN thread on the forum you can ask their representative.
And if you can show them the information properly, even if you can't withdraw your funds from there, you can make a scam accusation against them if you want.

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Quote from: Odusko on September 12, 2024, 10:05:42 AM

On few occasions when I get to this step on most fiat online casinos around my country, what I often used as source of funds could range from statement of account from banks.

Seriously I can't figure out how possible this could be cause it's basically a rare case of cryptocurrency casinos to demand for one's wallet as prove of funds, possibly they think the money in your wallets isn't yours or something and why would they demand that? Often times when one gets a win the casino can demand for KYC verification as proof of ownership but to talk about wallets is what I don't really know of cause I don't really buse crypto Casinos for bets and gamble most times but I think just like a statement of account is needed from banks it'll also fall in this place too that a statement of wallets should be needed instead of the wallets cause releasing such information on your wallets it's liable to a loss of funds sometimes.

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Quote from: dansus021 on September 18, 2024, 02:54:43 AM

Which cryptocurrency casino accept crypto wallet as prove of funds. to be honest I don't know but I just want to ask you why they need prove of funds? Are you gonna bet with million of dollar or something.

Sometimes you don't need to bet a million dollars bet before being asked to prove your fund's, sometimes we come across a number of casino's who just asked for some form of KYC for whatever reason and in recent involvement a prove of fund's is demanded to increase the security of the account and the benefits that comes with having such account that is highly verified which large wagering is one of such benefits.

Quote

and I don't think Crypto wallet can reliable source of proof of funds, since wallet is easy to get move and everyone can create it easily and maybe the casino or the exchange wont accept that, unless you are reputable KOL or artist that put your address publicly.

Very well said, but in the term for the cryptocurrency Wallet demands, their may mentioned that a wallet that have a number of consistent inflow for a long period of time, could be most acceptable, and anything other than that can be a prove of fund's, so in presenting the wallet, you can't just submit any random wallet for the verification, the statement is just based on my own personal assumptions any ways.

Quote

If I were you I know that this is risky move that put your money on Centralized Exchange and from there you can print out all the detail from deposit withdraw profit and losses and maybe some tax that pay by an exchange to government too.

Taking that route too is quite the most available and acceptable since on excahges, users can have some proper financial statements, so getting and excahges invoice on Wallet is somewhat the best possible solution in this case.

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Which cryptocurrency casino accept crypto wallet as prove of funds. to be honest I don't know but I just want to ask you why they need prove of funds? Are you gonna bet with million of dollar or something.

and I don't think Crypto wallet can reliable source of proof of funds, since wallet is easy to get move and everyone can create it easily and maybe the casino or the exchange wont accept that, unless you are reputable KOL or artist that put your address publicly.

If I were you I know that this is risky move that put your money on Centralized Exchange and from there you can print out all the detail from deposit withdraw profit and losses and maybe some tax that pay by an exchange to government too.

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