Topic: Which cryptocurrency casino accept crypto wallet as prove of funds. (Read 528 times)

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.

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.

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.

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.

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.

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.

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.

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.

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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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.

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.

You shouldn't be asking us, what is the name of this online casino? Is it available on this forum? Forward this same question to them and wait for their reply, if the casino is crypto friendly more than just payment option I think it is not a bad idea to accept your address as the source of past funds because I have seen one who did the same.

By the way, do you have a problem using your bank account statement? I think this is very easy too, you can download your bank statement through your bank app and it will get sent into your email address in .PDF style, it is a gambling platform though not a centralised exchange so I think you should be fine.

The main goal on the casino end is making sure that the name on your ID is the same on your bank account, this is another reason why they might not accept a crypto wallet address, you have no choice but to follow whatever they ask of you.

Totally depends into their decisions whether they would be getting convinced on the things that you've given in terms about that source of income. In regarding about connecting in between
wallets then it would really be hard not unless if you do make use of centralized platforms on which they could be able to get some information in regarding since its verified but we do know
that income asking kind of situation or verification isnt usually been asked or not at all, or simply into those special cases where it is already that too severe or something in connection with
money laundering. Wallet that would be provided is something in connection into those wallets that are custodial ones. Proving out will be hard since they will really be asking for some
supporting documents on where those funds are coming from, but if you could be able to provide then this is something that not an issue.

If there is no income, how you will spend it and the statements should detail each one. If you collect bank statements for a particular period, you will find that every transaction is recorded thoroughly and you can get detailed information from it. Most casino wallets must provide a transaction history for each user that records every income and expenditure. Yes, there are some casinos that allow users to evade taxes and automatically delete all their transaction history. Through this method, they continue to gamble and evade taxes by hiding their identities.

I have never been in this situation and I believe there is no right answer to this.

It all depends on how much money you have, how old your wallet is and how the casino employees will interpret this proof of income.

Understand that a person may have an old wallet and be a Hodler, or they may have a wallet that is about 2 years old and has regular entries and say that they use it to receive contributions from subscription campaigns here on the forum.
However, in the same way, the old wallet may be a "legacy" from the Silk Road times, and in the same way a wallet with regular entries may be the destination of money from drug or arms trafficking.

Do you understand?
In a bank statement it is easy to identify the origin of the money, but in a cryptographic wallet it is not, so it is difficult to say for sure whether you are trying to launder money or whether you are a good citizen.

Even if provided with the transactions history, I don't think that it will make them belief that it can be a considered source of fund. It's just a wallet, just like what the banks ask, it's an account and what they need to know is about the actual source of funds and not where it is being inside even if there are tons of influx with ins and outs of funds in there, it should be pointed out the main source.

This makes sense, I believe how this casino operates is just like banks also just for regulation. Just like banks where if they ask you to provide a source of income, they can ask you for your pay slip of you have work or some transactions in your trading cryptocurrency exchange (I tried this on only 1 bank in our country).

Actually, this is also a good way but the way you think of it as a "source" using your cryptocurrency wallet does not make sense, even if you prove you own that wallet, their question may lead to where those funds came from?

One thing I would expect you ask first is... How do you present crypto as proof of source of funds if you are asked to because it is still hard for me to caption a possibility of it happening.

But on a little bit, I think it can still be possible even though I can not prove it by accepting the fact that crypto is a universal digital currency with formative assets potentials by which investors and traders who adopts it as source of income could proudly admit it is there source of incomes.

Knowing that each casinos do have their different policies, I believe there are casinos that would accept crypto for proof of funds in a KYC even though I can not prove it. And any casino hopeful to that would depends the user/gambler (s) in concerned to provide their transaction histories and possibly your wallet address in order to access your worth and activeness as claimed while some others that may not accept it could be a case of the casino not trying to contradict the laws based of jurisdictions restricted crypto currencies.

At most times they can't be used as source of funds. Depending on who's taking the case and if it can be considered, the chance is pretty slim. I think the same goes for exchanges, the funny part is that they're crypto companies but they won't consider something like this and it has probably something to do with the regulations that they're also obeying. As much as they want it to be and allow it for each of their customers, they just can't do for most cases. The scenario could change depending on some instances but most likely that they are not going to grant it.

Basically, there are two reasons why crypto wallet transaction history can not be used as proof of funds for a crypto casino, firstly, because it is anonymous and can't be traced to an entity or individual, while secondly, because as a regulated body, they need to work according to the stipulated rules governing gambling in such jurisdiction. Hence, that means of verification is called "KYC" simply because it helps the casino know the gambler much more better, of which if you are to use a transaction statement from a Bitcoin wallet address, it literally will not reveal any information about such individual if his account is reported for alleged fraud, which needs further investigation. So been a regulated body, they will always want to work with only documents that revealed the true identity of an individual.

lol, I don't mean it in that way though; I was trying to emphasise areas where the person might have a long history of trading, maybe as a as a means of fund; the account could be through debit or credit card, and after that, there have been some series of trades over the years and long-term holdings, which eventually multiplies the person's holdings, and if that's how they obtain their crypto, can't such serve as proof of funds? 

Here is my take, if you're making this kind of suggestion or asking a question on this regard, then it must have to be a crypto gambling casino which has been established here and chose to remain on the forum, being a well recognized forum casino, they can make use of the wallet as a collateral, while this may not be condoled by other gambling platforms which are outside the forum because they believe on pay before service.

Depend on the casino and the type of answer you use. I think a casino that supports crypto payments should be able to accept crypto wallet as proof of funds since fiat casino accept bank statement as proof of funds but I think bank statement can be read and show records of transactions but you can't do that with crypto transactions since what you will only see are wallet address and you don't expect them to start tracing how funds where transfer from a wallet to another wallet.

Using crypto wallet as prood of funds also beat privacy. U don't have problem with people that want to do their kyc or reveal their identity but if you submit your crypto wallet to casino because you want to show them your money even put you at risk, your life and where you stay since you already reveal your information. It's not safe to do that unless you don't value your privacy.

There are many different sources of funds, but each casino may have a different list of documents to accept as proof of source of funds. To find out which documents are accepted as proof of source of funds, each customer needs to ask the customer support team, especially at the casinos they use. That is more recommended than asking the community.

Of course, the community can help by providing examples or documents that can be accepted as proof of source of funds at other casinos, for example at stakes casino like the following:

Proof of source of funds: Acceptable documentation

Surely this is casino specific and you can only get an answer by asking them. There may be some casinos which are very loose in what they will accept, because they are based in a country where financial regulators are much more lenient or non-existent even. It's definitely a question that you want to ask early on in the process of choosing a casino or bookmaker, because if you are dumping $20k of crypto on a site with a risk of it being frozen - figure it out up front. If you can prove that the funds started in a wallet from a decade ago, then you could potentially convince some staff that is all the proof you need. It's better to be proactive in this instance than reactive.

You need to understand the term source of funds meaning first then you will understand why you have been stuck with the verification.

Source of funds means how you got that money,

is it via payment for selling your product or service to someone

or is it via salary from your employer or

is it via your inheritance

or is it via selling any of your property,

or is your payment from signature campaign etc.

So when a casino asks for a source of funds then you need to provide details about how you got that money.

Bank statements have usually codes or descriptions, depending on the bank, if they are not labeled in any way and there are no details on the payments the statement will simply be refused as proof. In my personal case, I can't fake a payment with my bank unless I get someone with an LTD or another company to pay me exactly the same amount each month to fake a wage, now...how is he going to explain this to his accountant?

I don't know how it works in other countries but faking income in a bank statement in Europe is a pain in the ass and you won't get away with it, far easier to just fake some rent income or dividends if you really want to dig your hole deeper than needed.



Technically no, and it's not the bank that cares about this, they know the legitimacy of funds, and it's up to you to prove to the casino the transfer of funds is really from your family but if I were in their shoes I would think twice about letting a guy betting with his parents money anyhow.
 

What they need is a proof of source of funds, meaning they want the origin about how they got into that wallet. The fact that they were on your crypto wallet isn't proof of funds, as it has literally public transaction history you need to explain... so you need to explain the trail, or provide proof from the source. It's called a "travel rule", implemented by FATF. If that crypto on your wallet is bought legally with money, just provide proof of that.

Just like when you are depositing large amount physical fiat cash to bank, they want to know the where the money came from, and "from this leather wallet" isn't the answer they are looking for.

The prove of funds talks about the source of the money and not about if you have money to play or not. for this you need to share with the casino the evidence of the source of the money, if the money come from a legit source then you will have green light, other way they will tag you as a possible ML risk.

The source could be your Bank account or the contract of your current Job.

A wallet statement isn't a proof of income; it proves that you're dealing with cryptocurrency and hold a specific balance in your wallet. I highly doubt it's the equivalent of a statement from your workplace; thus, I'm not too confident that any casino would accept it. I don't think anyone here is qualified to provide you with an accurate answer, unless it's from a casino representative; perhaps you should ask one of them; you'll find a few on the forum or the casino itself.

I take the conclusion, that you are not working in RL or the company not giving you slip paycheck.

Maybe tried to ask the casino first? which document they're accepted. The things you are asking is not counted and not gonna to be accept by the casino, probably (If they have the same rules like Stake). Bank Statements or Tax Returns should be can be used as alternative since you don't have a jobs in RL (that's mean, you don't have paycheck slip) or no slip paycheck from company (usually is on third countries).

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Try to ask, whats type document alternative they can accept except paycheck.

I've never tried it, but it doesn't seem to be acceptable. And I also doubt any crypto casino accepts that type of verification. Things like this usually have ties to official, legal institutions, so it's impossible for any crypto casino to agree to them. Remember that the goal is verification for legal & other purposes in the future, how can transaction records in the wallet become concrete evidence later?

You will need to ask the support of the casino you're playing at.

Proof of funds are designed to show you're not laundering money or engaged in other illegal activities. If your proof can show funds that have been held for a period of time and can show consistent inflow to the tune of the amount being staked, it should suffice, but you have to get that answer from the casino.

What is a legitimate legal source? If I'm a student and my parents send me money, is that a legitimate source recognized by the bank?

If it is, it contradicts what others have said about this funds having to be a constant legal income. Does that mean if the money is not constant,, but a one time payment for something you did, for instance fixing your friend's computer, can't this be used to gamble?

As a libertarian, I'm pretty confused when it comes to these stupid rules that make no sense.

Yeah like that just to validate the match of existing data as well as the source of funds is important for casinos because they play have a source of funds including that of the salary slips received as a source of income.

I don't think that would be accurate, let alone submitting a signature campaign spreadsheet as the source of income so there is no data match, so I don't think anyone here is trying to do what you said.

No would always be the answer because having an asset in your exchange wallet with your history of transaction doesn't fit in as a legal prove of funds. Since it's not recorded how you get the money you use in acquiring this crypto assets it doesn't qualify to be a prove of funds in an online crypto casino.

Even though crypto is legal tender in country like El Salvador, I don't still think online crypto casinos would even accept your exchange wallet history of transaction as prove of funds either although I'm not from there maybe someone from El Salvador might be able to clear use on this.

The history of bitcoin transactions cannot be used as a source of income for you to submit to the casino, because the casino wants to have real authenticity along with the name that you have done at the first or second level of KYC.

While the transaction history cannot enter the real name even this is not an official document recognized by the regulation and still the casino will ask you for sources of income in the bank including your pay slip.

I'm not sure if anyone has succeeded this way.

I doubt if there's any crypto casino that is currently requesting for players crypto wallet to serve as a proof for source of fund document. What is most often requested for is a bank account statement and not crypto wallet. If you actually want to upgrade your account to level three and you don't have the required document, then you can ask the casino if they will accept your crypto wallet as a proof and if they accept, then they might guide you on how to do that.

I think it will only explain the actual account ownership. It's like showing a bank statement will only validate the similarity of user data. Not as a validation of the source of funds.
Maybe what is meant is the pay slip that you receive every period from the company where you work. Maybe it is only owned by an employee.

But can forum members here validate the source of funds using a spreadsheet if they join a campaign where the campaign payments are used as a source of funds to bet at the casino?

But what about an account which in the statement of account the payments are not labelled but the person is receiving the same amount every week or every month for over a long time. Or maybe later the amount also increased. I think this can be used to convince the person that requested for the source of fund if the payment is weekly or monthly.

The source of funds would need an origin from which the cryptocurrencies are getting deposited to yout wallet.
Simply providing the wallet transaction won't do any good until it's actually showing the true origin of those funds.
For example: if you are getting paid in bitcoin from then your wallet should show that particular transfer.
Also, if you are receiving funds from an illicit source or if any of your transactions are flagged then you might get in trouble as the source of funds is not genuine.

I haven’t experienced that, but I have read somewhere that exporting the transaction history could be used. I don’t know how credible that would be because you could get the wallet's history. I think it is better to extract a statement of Account From an exchange and then use it.

If you have a bank account statement, maybe the casino can adjust to your needs. I think it would be easier.

Very well and that is because your kyc level is still at level 2 but once you want to rank up to level 3 KYC you will be asked for source of funds, although the few times that I was asked such question on some local exchange that I use for my p2p transactions, I provided them that I work online and I get paid in Bitcoin, and my account was verified.

So I don't think that such should be a problem with cryptocurrency casinos, because it will be very easy for them to verify the inflow of funds into the wallet and from a particular wallet address.

So for sure we should be cool with that, but still there is still need for us to get the statement of any casinos representative or any Forum member that have gone through such step in the past.

This is a tough question because it's rare for a gambler to use his cold or hot wallet as proof of funds. We are not in that era just yet.

I think what you can do is test every reputable online gambling site out there if you really want to force this issue. I think a gambler who wants to pass his KYC would rather show some ID and other means as proof of his income and funds than the hassle of maybe or maybe not being accepted through the means of funds from their wallets.
I get where you are going here because I have been in the same problem before but not with a gambling site, it's with our local exchange and all my funds are in cryptocurrencies but still I passed that test.

This says it all. As a matter of fact I quickly checked with Livecasino and noticed that they have the same policy similar to stake. Therefore this is going to be consistent among all of the casinos in my estimation. The source of funds must be obvious a crypto wallet as proof of funds will not be able to state clearly the funds in flow. Casinos don't want to be used to fund terrorists organizations indirectly. Here's the quote from Livecasino:

No casino can accept a source of income from your own wallet even if it is with a proven sign message so the casino will not accept this.

The casino will accept your source of income from a legitimate and legal source recognized by an institution such as a bank, so this document is important to the casino, if you only prove from a long transaction I think the casino will reject it.

None. All casino use the same format required by AML policy for their KYC. Crypto wallets doesn’t contain your name as proof of ownership meaning it can’t be accepted by regulators as your source of money.

Exchange and banks can be use as proof of income because they do KYC on your account which is the one being acknowledged by AML.

Crypto wallet promotes privacy which means it can’t be used for regulation purposes.

Afaik no? Or rather it shouldn't be in the first place. See what the casino needs isn't a proof that you earn money, what they want is proof that the money you spend on their casino is safe, clean and isn't tied to anything the authorities would deem to be illegal. This involves them in a possible Money laundering scheme and they don't really want that. You can try to connect your identity to the wallet (which is kinda dumb ngl) but they'd have to connect and do multiple checks, which may be prone to mistakes, so they probably still wouldn't accept it.

It's the reason why they only accept paychecks, bank statements and the like so they could easily trade and confirm.

Source of funds means the origins of your income, your wallet is the balance sheet!
Stake is pretty clear on this, the source of funds means a document attesting you have received those funds in a lawful way, a simple bank statement that doesn't show deposits which could be labeled as constant payment from being either an employee or a freelancer will not suffice either.

AML regulations are not different from crypto, and your crypto wallet would hold as much value as a paysafecard account.


So I buy some Bitcoin from an ATM with cash, I send it to Binance, withdraw to my bank, I get a statement and suddenly I'm all ok and all my funds are clean? 

Also you can request for source of fund from your employer. But your statement of account of your bank account should also be able to prove that.

But if you are working in a company that pays with cryptocurrency, you can ask your boss for it or you can send your transaction history. I think someone that earn some money from this forum can provide payment transaction history.

I have been gambling on many crypto casinos, the highest that I have done before was to provide my identity document.

I believe this question can only be answered to a satisfactory level by some casino representatives and also by the casino in question; only they can say if a wallet is acceptable for proof of funds or source of funds. 
 
For example, exchange account history that contains trading and deposit history, if well documented, can be used as a source of funds since there will be a proper record of how trades were carried out, a significant profit was made, and the time frame that it took for that to happen.

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?