Bitcoin Forum

Does anyone know if there is any issue with this? 



Can someone here confirm if there is any issue sending btc from a sportsbook to binance?  Someone a while back mentioned there is nothing in the TOS against it.  I know with coinbase or gemini.. ppl said they would ban accounts if you send btc from gambling site to coinbase and vice versa.



Has anyone done this and if so, anyone ever had an issue with this?

There is no problem, at least in my knowledge

If you are really worried, why don't you create a wallet for you in Electrum for example and transfer your coins safely

But this is the first time I heard about exchange not accepting transactions from gambling sites
I know exchanges does not recommend to mine with your exchange adress

 To correct you this is altcoin discussion and you post doesn't fit this board but rather the bitcoin discussion board https://bitcointalk.org/index.php?board=1.0 or the gambling board https://bitcointalk.org/index.php?board=56.0 Well I don't know about binance because I have not tried to send BTC from gambling site to binance but I have done it successfully sent it from gambling site to my preferred exchange

There shouldn't be any problem.

It is one btc account to another. Why there would be any problem? Also as far as i know, binance doesn't ask where your money coming from.

I never had a problem with that. I think you should change something.

I do not think there will be any problem but still to ne on the safe side i will recommend you to first transfer to your personal wallet with private keys and then from there you can transfer your btc to exchanges.

Its okay to send out Btc from gambling site to Binance yet I already tried this thing for a couple of times and the tx was completely success without
any troubles ahead.

If you do talk about some wallet service like Coinbase and others which do have terms about gambling restriction then you would definitely
experience that block of account since you are violating their rules.

Should not be a problem to send bitcoin to Binance from gambling site. @Oilacris i want to ask, there can be a problem if i send from gambling sites to coinbase exchange or only to wallet app?

I did sent some coins to Binance from a casino and successfully sold and withdrew. I also did that on coinbase and yobit and it was all fine every time. I also did that on some local exchanges and never got any shit from them.

Are there any sites that make it difficult to trade gambling money?

Maybe you should check terms and conditions that binded deposit on binance exchange, if there is no formal warning against such, go ahead with your btc deposit.

should if you send using a Bitcoin pair to any place of exchange, including to a binance exchange, it should not have a problem because the assets you use for shipping are in the form of bitcoin, maybe you can see shipping hash information from your gambling place because if there is a hash coming out and it goes to your wallet that is in the binance exchange, then bitcoin will enter your binance wallet.

I don't think there is any problem with that since you are not sending tokens from the gambling site, as long as the coin is being sent to the address provided by the exchange, you would definitely be created with the exact amount you sent, so you can go ahead and make your withdrawal without fear of losing funds, though if you need the coin for the purpose of hodling, then I would advise that you store the coin in a private wallet that gives you access to your private key order than an exchange were the security of your wallet is in their hands.

If that worries you, read their ToS and if you haven't found anything related to your question then you're safe to assume.
And if something happens to your account, you can tell them that it's not on their ToS unless it's hidden.

They may not know but they can question your transaction and halt your withdrawals.
If ever you're too hard not to answer their interview then they have the right to stop your withdrawals temporarily. OP and other users are just securing their money and if its safe to assume that they can do that.

Move this thread to gambling discussion it is not belong here.

I don't face any issue to make a deposit from an exchange to gambling site.

Althought I'm not coinbase user but I ever try to make a deposit from binance exchange to gambling site sportbook and I didn't face a problem.

Have you try it? You can if you haven't tried it because you will know everything if passed something. The binance, coinbase and all exchange have a support which is mean if you had a problem you can send them an email to resolve your problem, it is an easy way.

BNB is altcoin, so this is the right section for thia question.

OP didn't tried it because he scared if that would be againts with Binance ToS. Personally i doubt if binance doesn't accept deposit from gambling site

As far as I know, other than coinbase, there's no problem with receiving gambling money in an exchange. However, I suggest you to use electrum, which is available in your mobile as well. So, why you need to take the risk. You have to carry a little fee only.

There is no problem to send bitcoin from gambling sites to exchanges (someone above said that Coinbase is only one exception). However, if you are still worry about that, you should send your coins (from gambling sites) to wallet (whatever wallet you want to use, just remember to download them from official sites, and avoid phising sites). Electrum is one of the best to use (fast and smooth). Then, you can send your coins from Electrum wallet (for example) to Binance wallet. To spare a little bit fees, you can set your transaction fees at 1 satoshi per byte, but that way will require your transactions have to wait days to be confirmed.
The key point is never store your money on exchanges, even biggest ones, because it is much safer if you have fully control of your wallets. Of course, you have to prepare knowledge, skills, and have healthy habits to keep your computers safely from potential threats.

Probably you would be fine.

But there is an if. Binance is blocking hack btc's. And if gambling website accept some of that and pay from the same address that hack btc hold. That may cause a problem.

This is the first time I have heard that sending BTC from gambling site to exchanges has not been accepted. There must be something wrong going on.
In fact I have recently sent my some 2 BTC from a gambling site to binance exchange. My deposite has been accepted. I think your BTC deposit will  also be accepted by Binance exchange.

True so far there is no problem in sending btc from gambling sites to binance. And I think it's impossible for binance to know and identify every BTTC address sent to their users' wallets from gambling sites.

That's correct, as my opinion is same as other member, it's shouldn't problem sending BTC from gambling site to Binance, exchanges won't ask for proof that the funds is coming from where, it's just like sending BTC to other address. Just doing 1 more step if you really worried lost the funds, create a new personal BTC wallet, move the BTC from gambling site to personal wallet and then sending to Binance, but I think the extra step can ignored.

I have never had any problems sending bitcoins to Binance.  Maybe you did something wrong or just need to wait a little bit.  Usually there are no problems with this, but I think that they will help you on the exchange.

I don't see any problem with this, you can send your bitcoin from the gambling site to the coinbase if you really want and I think many people will do that even me I use coinbase to send and recieve bitcoin from the gambling site and mg account is  not ban. But if you have doubt until now you can review and check the Term of Condition of the coinbase if they have rules like that.

I agree, I mean how will Binance know that it comes from a gambling site, for the system it is just the same, bitcoin address. Unless your gambling site addresses are somewhat tag, but I don't they are going to that route. They are all in the business of making money, so definitely they will allow everything they deem legal. But I would have to admit that there are cases in our local exchanges wherein somewhat account was blocked because they've identified that the btc address comes from a gambling sites.

The problem is some exchanges don't accept Bitcoin from multisig address. Binance shouldn't make a trouble for such type BTC transactions but for being safe better to transfer first to the Electrum wallet then transfer to the Binance.

Better buy bitcoin somewhere else, for example with credit card in Indacoin or send btc from another exchange. What is problem with sending btc from gambling site?

I have not found that there is an exchange that prohibits sending BTC from gambling wallets. If you mention that Coinbase prohibits sending BTC from gambling wallets, or vice versa. I think all BTC wallets are the same, and the blockchain system is the same, because BTC is sourced on one Blockchain. So if your wallet address is correct, wherever you send BTC, then BTC will still be transferred automatically.

in my opinion as long as you send Bitcoin then there will be no problem, but if you are in doubt or afraid it is better to use a wallet for Bitcoin and not use an exchange wallet, because using a Bitcoin wallet is definitely safer and my advice is a good Bitcoin wallet is Electrum, because Electrum wallet has many bitcoin address on one private key, then of course it's safe and easy to use.

There's no question about that, hardware wallet is far better than exchange wallet but if I understand OP's concerned about any potential issue after depositing between gambling site wallet to Binance wallet if there's any rules that binance will freeze the said coins, reading the  Terms inside the site
won't say anything regarding to this matter, if possible and if you are doubting you can send small amount first then check if you can withdraw after depositing without having any issue, try and test it will lessen the hassle.

never had experience like this, my mean got banned by exchange whenever sending your asset to gambling site? like seriously? we are talking about cryptocurrency, even when you transfer your asset to buy drug they not going to do anything. Unless you break their ruler they will ban for sure

Whatever transaction you make happens between two bitcoin addresses. One is the sender address and the next one is the receiver address. Whether it is taking place between two individuals or this is taking place between individual and a gambling website or between exchange and gambling website doesn't matter. All that need to be clear is double checking of the wallet address.

Yes, this is correct just make sure everything is correct on they way you transact cash-out then you’ll be fine. I did this many times and I never encounter any problem. Maybe there’s a big question if your money is too big then the exchange will require some verification, i really don’t know this kind of process if you’re a big whale but if its just a small money then no problem at all.

I used some gambling sites to transfer fund on some exchange like bittrex and poloniex, so far everything went well and I’m confident that it can also work with Binance. Gambling sites usually have no restriction on where you will send the money, but the exchange have the regulations like this so better to know the rules of that exchange before transferring funds.

yes in the crypto world we can do anything here and its not thier job to know if when or what use you will be doing to your cryptos  plus how can they know if the funds came from a gambling site or not  .


yes  . original crypto wallets are still better than exchanges or  a gambling sites wallet because original crypto wallet are originally built for cryptos  . they are more secure but the problem is that crypto wallets have a slight higher fees compare to when withdrawing your coins on a third party sites such as gambling sites or exchanges  .

Why coinbase will ban the accounts if someone is trying to transfer a fund to their platform? If I am the owner of coinbase, I will surely be glad to allow it to transfer that fund to my platform site even it is came from other gambling site who accepted Bitcoin and crypto as well. Because I don't see wrong or mistakes in that matter.

There will be no issue, I always do that and I have never receive any message from Binance restricting me in doing that.
As a trader, we also love to gamble sometimes, so our money will be transferred in exchanges and gambling sites vice versa.

As some comments above have rightly said, I had tried such before now and nothing seemed bad so, you can give it a try. Just to advise you, whenever you want to transfer from sportbook to any exchange, ensure to read their TOS before proceeds for the transaction to avoid be  stuck.

I think there is no problem if I do not know that wrong. I think there will be no problem in any way, especially if the gambling service you are going to transfer is a known and quality service. Asking the Binance help center for more detailed and precise information is definitely the right choice. As I mentioned in my first sentence, if I do not have any false information, I will not inform you incorrectly. If you get in touch with Binance and get a clear answer to your question, you can also share here and contribute to our knowledge.

     Coinbase is merely attempting every effort to remain in compliance with US regulations since they are based in the US (San Francisco). Since Coinbase is one of the bigger exchanges listed in the US, I am sure the US government is keeping a close eye on them. From what I understand, Binance is going to stop servicing US customers on their main platform, probably because they do not want to deal with the long arm of the US government. However, I believe Binance is going to have a special platform based in the US for US customers. Since online gambling is technically not allowed in many states in the US, Binance will probably have to take measures to discourage any transactions coming from casinos as well on their US based platform.

If it isn't mentioned in the TOS you'll be fine, unless the deposits are large amounts. They might want to know the origin of your funds if they suspect money laundering.

Naresh no issue on sending Bitcoin payments from gambling sites to binance. I usually take my I windice campaign payment from this site to binance occasionally.
I am not sure what exactly you have done on this transaction to explain the problems you faced. if you have tax ID on the screenshot of the issue happened it could be helpful to explain you what happened.

Just like on what they have done with Binance Jersey (https://www.binance.je/en) which serves out
European market.No doubt that they would make something for US customers yet this exchange wont really let any
leaking when it comes to market.

I have a Bitsler account and a Binance account, I tried to do what your topic is about and I dis not get any problem in transferring funds from Bitsler to Binance. Its true that there are exchange sites that don't allow deposits coming from a gambling site and one of them is coins.ph in the Philippines and its not only from a Gambling sites but they also prohibit funds coming from Ponzis.

OP jerry0, I guess you have received a decent number of replies and you shouldn't worry about it.

This thread has made its purpose so I hope you'll close it.

I don't know what country you are living now and what crypto regulation is within your country, but AFAIK, there would be no problem sending money from a bitcoin exchange to a casino, at least I never read some post about a problem like the funds has been on hold or block because of the type of transaction you mentioned.

Right, because any bitcoin wallet cannot recognize where the bitcoin was sent. Perhaps the purpose of the OP statement is because Coinbase has an office in the US, so they must comply with all regulations in the US, especially about taxation. As we know that the US is very strict on the entry of crypto in their country, this might be a coinbase issue.

^ If that Coinbase is the issue I think they are irrelevant to the OP's thought. OP was stating that from the wallet of gambling site to the wallet of the Binance exchange. I think there's no problem in sending bitcoin in Binance even if come from any gambling platform.
You can always read the FAQ and term and conditions on Binance exchange regarding this matter.

I did withdrawn btc from gambling sites to some exchange but never had an issue.So I guess it depends on your nationality,if your country banned gambling activities then you cannot withdrawn from their.

I don't see any issue sending from a gambling site to an exchange, as long as both sites are legit and there is no issue it will arrive on that wallet from one wallet, I have not read any report that Binance does not accepts wallets from a particular site.

If the gambling site offers instant withdrawal and the exchange can verify as soon as possible then it will be credited to your account, the wallet coming from Binance has an explorer you can always if the coin went through, it will show up if it confirmed.

I don't think there are any TOS regarding sending in from or sending to gambling sites or sportsbook. It's also difficult to track them as they send coins from different addresses from their hot wallet. Coinbase seems to have some terms cautioning users not to send and receive from gambling sites. But I've done it hundred of times without any issue.

all of the btc transactions are recorded on the blockchain and even if they dont have thier own explorers you can still search your address on blockchain to see your transaction status .

depends on the exchange or wallet  . some wallets that i used on the past wont also allow me to recieve funds that came from a gambling website  and its written on thier rules   . coinbase on the other hand is a strict wallet/exchange so they might also have this rules  . best thing that op can do is to send the btc on a wallet that is less stricter and then send the coins to binance .

Why not just read the terms and conditions and see? If it's okay for them to accept gambling deposits what about sending deposits to a gambling site from binance ?

Most countries consider gambling winnings tax-free, otherwise people would be able to claim tax-relief for their losses.

Since more people lose than win, the government would therefore be net negative by implementing such a practice.

That being said, some unscrupulous governments tax winnings but don't offer relief, making gambling a risky pracrice indeed.

I think it's normal that shouldn't be a serious problem because basically you can check the status of the transaction from blockexplorer and also from the wallet casino you used itself there is no need to have a sign wallet or something like that. if you are afraid of that, why not withdraw it to your wallet first and then to the exchange? transaction fee i think is still very cheap at this time.

Sadly, nowadays people are too lazy to do that. You are hoping something which unlikely happens

If binance disallowed any deposit from any gambling site, it's useless to check your money through any kind of blockchain

Fair enough, government should act like that, they should be taxing the gambling sites as it's easier for them to do.
What I know, only lottery winnings are tax free but personally, I don't remit taxes on my winnings because I don't win all the time or even most of the time.
Government are so desperate if they tax the losers (which is us), gambling would not be fun anymore especially for small gamblers like us.

I have done it and there is no issue occurs in my Binance account perhaps because it's not that huge. It's a different story if we are talking huge amount of money. Binance is against money laundering thus it's their responsibility to lock an account that is connected to suspicious activity.

If you're legit user of binance, I think that's not a problem upon sending an amount of btc from gambling site going to binance. Please make sure to have the correct btc address to be used for sending going to binance. Just use small amounts first for testing, and then if no circumstances will occur you could do it by same procedures.

Yes, as my experience, I have never faced a problem when sending my cryptos especially bitcoin from gambling sites to binance. I think OP just wants to make sure he won't get a problem related this stuff.

Before sending bitcoin to an exchange from a gambling related service or vice versa, it is always better to make sure that there is no rules which is against gambling activity on the exchange. If the exchange is not against gambling activity then it is obviously OK to send or receive bitcoin from gambling related services. How to know whether an exchange against gambling activity or not? Simply by reading the Terms of Service or FAQ page of the exchange. Better to safe than sorry later, so reading the terms of service is recommended once you want to use any services.

I think there is no problem if you want to send from gambling site to binance or other exchange. As long as you can have the right wallet address, you can send the amount to that wallet. But yes, sometimes you should check on the TOS so you can find more information about depositing the bitcoin to them and you don't get any trouble.

I know coinbase doesn't allow transactions from gambling sites but not sure about the binance yet.

But always we need to keep moving our funds from our wallets,if we are doing from third pary wallet to another third party wallet we may face issues if there is problem on the transaction getting confirmed.

Binance doesnt have restrictions on where those funds came from even on a Gambling site.I do agree with your point that we should first transfer our funds into our own wallet like Electrum and
other similar before sending out to Binance- Direct 3rd party to other do really have the tendency of such deposit would be be credited.

I don't have any experience to send the btc from gambling site to binance because, in the past, I don't have any problem to send the bitcoin into poloniex which is very popular in the last two year. I think you can try to use bitcoin mixer first and then send it into binance and I think that will be fine. So far, I don't hear any issue about that, and I think that is fine to send bitcoin into binance or other exchanges.

Change what?what is that something?better clear things because you are not hello or something lol

I cannot contribute because never tried once but I have read spin some thread that this is possible and encountered any issue

Because I use local wallet so from gambling site directly to my wallet

There should be no issue in sending the money from Binance to the gambling side or vice versa. Binance should have no problem of where the money is coming from.  Also I think they won't be able to know from where someone have send them the Bitcoin to the binance site.

Binance is and able to block deposit if the source address is related to some malicious activity such as hacking. They share a database or build their own database of hacking-related incidents and then they'll block the addresses associated with that incident to prevent hackers from liquidating illegal money.

I'm pretty sure they could also block your deposit from gambling site if they decided to do so, or for any reason. After all, they're centralized.

They can.

They wouldn't create a rule if there's no way for them to track or block addresses that has bad history on their records.