Topic: Which cryptocurrency casino accept crypto wallet as prove of funds. (Read 400 times)

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

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.

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.

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.

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.

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.

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.

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.

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.

Using a digital wallet as evidence of assets can be relatively problematic for the KYC verification. However, it is being used increasingly in crypto casinos. Most online casinos that allow cryptocurrencies will have no problem accepting wallet history as additional documentation. That applies especially when you maintain a clean and consistent record of your wallet history. The history of transactions over time can ensure consistent and legitimate activity of operations. You can add further verification by signing messages from your wallet. That way you'll be assured of controlling your wallet besides having peace of mind against fraud.

However, all casinos have their policies on the matter of KYC and funding sources. So, although some may accept cryptowallets, in some places, traditional verification is still required, for instance, a bank statement. It is advisable to check directly with the sponsor casino or with the details of KYC guidelines if one plans to use a digital wallet. Provide other documents that include an especially signed statement and description of the large business. That may help you explain wealth abuse.

On their part, as changes in cryptocurrency regulations are done, the casinos will change their requirements on KYC to fit into these changes. This way, being updated on all these changes will help you prepare for tests approaching. Generally, though you can use crypto wallets as proof of assets, final acceptance depends on casino policies. Have you found any of the casinos to be more relaxed with their KYC requirements on cryptocurrencies?



You do have a point here. However, most of the old casinos still like to deal with traditional and conventional documentation, such as bank statements. pay stub, etc, for KYC verification purposes. As those measures have remained in place for an eternity. Still, the cryptocurrency landscape continues to evolve. So naturally, casinos and other online gaming platforms shall keep up with the changing cryptocurrency landscape and acknowledge digital wallets as true proofs of wealth, as well.

Not only does that ease the testing process. They help the players use cryptocurrencies as well. It also makes it more accessible from the very beginning. It would take one huge leap for the industry. The mainstream crypto adoption actually plays in line with this aspect since more players accept digital currencies. Hopefully, we'll see the days when a casino accepts cryptocurrency standards in its KYC processes more often.

Do you think you come across more advanced casinos in terms of acceptance of technology? KYC requirements have been a lot stricter lately.

Never heard one so far, most the casino I know does not accept crypto wallet as a proof of funds for the KYC verification purpose.
Most casinos will ask bank statement, saving account/investment, pay slips etc which is mostly about printed documents that shows our name, address, or other our personal information.
But your question is interesting and maybe crypto casino may consider it as one of the proof of funds, because it will be something great if it is possible.
Logically crypto casino should also accept crypto wallet as proof of fund, just my 2 cents.

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.

People don't prepare what it needs when they have been asked by the casino to verify their account. They will do that when the requirement is show up so they will ask for more question to the casino. But for those who can accept the requirement from the casino will follow the rules and will do KYC because they want to keep playing gambling in that casino. They will not use their crypto wallet because they think the casino will not want to accept it so they will use the document that needed.

Yes, care with the money we received is a must because that is our money. But for playing gambling, we are not just care with our money but with identity because the casino can ask our identity anytime.

The casino want to check all about you so with that documents, they can see that you are real person who wants to playing gambling in their casino. You will not want to risks anything by faking your identity because somehow, the casino can know if we cheat them. Asking the bills that is not older than three months show to them that you lived in the same address with your other documents so they can soon verified your account without taking longer. You can get verified account so that can give more benefit to you

But that maybe give difficulty to the casino to check your wallet if you want to use your random or private wallet as the source of funds because in that wallet, there are not much information for the casino. So that is why the casino wants to ask you to send the other documents such as utility bills, salary report, or other things that can proves that you are the same person with your account. The casino wants to checks everything about their members because they don't wants to gets a problem from the government if there are any inspection from the government.

Casinos won't want to go through the stress of verifying the information so they'll prefer you use a reliable source that they can believe that's your income like bank statement. In the future it might be possible that we can use our cryptocurrency wallets to verify our source of income but for now only bank statement will be accepted by casinos. But do casino request for source of funds that frequently because I haven't had that problem. I only get asked to verify my kyc and I can make use of the casino. You must have gambled a large amount of money before the casino will ask for you to verify your source of income. If you have money in cryptocurrency and not money in the bank, you can make withdrawal by selling your cryptocurrency and put it in your bank to be used for the verification and when you're done, you buy back your cryptocurrency, it should be that simple.

The source of income from the bitcoin wallet cannot be matched with your identity data, so it is difficult for the casino to validate that there will be rejected by the casino.

You have a source of income and that can be used as a source of funds, then the identity data and source of funds data from the bank will match, so the casino can validate easily, so that's what the casino applies.

Having read some of these rules from the above casinos, it is true that the source of funds document is more important than the source of the wallet.

Last time I was asked for 4 bills payment or water bills, and this was demanded for as a way to verify my address because the address on the bill will directly reflect your current address and this document can not stand in the place for proof of funds, but in some cases may be that documents like utility bills payment may be asked as source of funds on cryptocurrency casinos since what the casino is after is a means to show that you earn and pay your bills at the right time and that is why when they request for that documents, the Make sure to state that the bills receipt must not be older than three months.
Well having to show some random wallet as prove of funds on online casino for verification may come with a lot of it own ups and downs and for sure it have to go through some level of verification to note which wallet belongs to a gambler at the point of verification and also to checks what are the inflow of fund's in such an account, to see if it a steady specific inflow which should be mark as payment for wages of any form and if possible with a sign message which will clearly make the documents authentic for verification, this could work in some ways and as a matter of fact make the work easier for cryptocurrency casinos, but I don't know how that will sound with some regulators who may also be part of the verification team for AML.

Which casino accept crypto wallet as proof of funds in the first place?

Do you? most people didn't even read the casino terms, so do the bills and salary report. I don't think people really prepare for that except for something important like extend working visa.

I also don't care with my salary report and bills, all I care is the money I received.

We should prepare our salary report to be given to the casino if they asks us to send the document to them. Besides that, casino can ask utility bills as an additional document that we send to them so the casino can check it and verify our account. The casino want to see our source of income from that document and for their record of each members.

So that maybe no casinos will want to see our crypto wallet as a prove of funds because they can think that we can get that image from other places and we use it for our own. The casino want us to show our details identify to cross check everything and make sure that we don't cheat them so it is hard to know if there is a casino that will accept a prove of funds from our crypto wallet which is not have a real name of us and other things.

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

That's true because in as much as not all countries has accepted crypto currencies for their legal tenders, there'd be no casino accept it for proof of funds besides there'd be no approved documentary detailing the users personal profiles to back it up.
The casinos would only stick to accept source of incomes from unlimited general accepted sources especially from physical sectors.