Bitcoin Forum

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

https://i.ibb.co/kM4XwNx/bsp.png (https://imgbb.com/)

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

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

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

Before I used the coins.ph for withdraw and deposit but there's no restriction prompt on my transaction, they stated already that they prohibits the use of deposit and withdrawal into a gambling platform you can use an exchange to deposit or withdraw to your platform. If you are a filipino I guess this topic could be discuss here https://bitcointalk.org/index.php?topic=1558587.0

Not everyone is active in the local, so I guess this is a good awareness for everyone who is still gambling using their coins.ph account as their sender and receiver. There were talks in the past already that their account was lock and they suspected it's because the account is used for gambling purposing.

I'm guilty of using my account in gambling too, so I have a fear that one day it might get locked.

Thanks, this is quite new to me, usually, it doesn't ask you to provide information of to whom you are sending your crypto, I'm not sure what's the intention, but if that's the case, then gambling anonymously is not achieve using the site and this might be just a warning too that the government is already watching us closely.

I think since gambling is banned in your country it would be wise enough caution is applied it is very obvious the government are monitoring it's citizens and your funds might be siezed if you try funding your account or could be used as a means to trap or track users. Gambling on foreign gambling sites that has no restrictions would be a better alternative

It's never been advisable to use your coins.ph wallet to send and receive transfers from casinos and it's been their rule for a long time. It's on their TOS even if they're not too strict before, I've never done that with my wallet there because I just avoid being flagged by them if they happen to detect and trace it. By not being aware of that rule and following such will lead them to ban your account. I've read a lot of those people that have done those prohibited including the gambling part.

My account was closed in 2018 because I sent and received funds from a gambling platform TWICE. I even went to their main office and asked why they were so quick to close my account and what will happen to my balance (which isn't even that huge. They just said that they are prohibiting any such activities on their wallets related to gambling. There were no communications on the changes back then, they simply just closed my account without any clear explanation on the email, which prompted me to go to their office and still lose the account.

It's good that they are now open on these small details unlike my case back in 2018. Online gambling is still heavily frowned upon by the PH government, so I'm not really surprised if coins.ph follows these strict regulations. They already are an established platform and they just don't want to risk their status by allowing a few gamblers to use their site on sending and receiving funds from sources which the PH government deems illegal at this point.

I am aware of this and I'm using Coins.ph to withdraw my funds from my trading but never on a gambling site I read on my social media feed that Coins.ph will question users that have transactions on gambling sites, Coins.ph will question you but on Abra, they will not accept funds coming from a gambling site I have tried sending $50 worth of Tron and I was not credited even though I message them, they point out that they never credited funds coming from the gambling sites.

It's better to trade your coin first before sending it on Coins.ph, Coins.ph is very strict now if you reach your threshold they ask you to upgrade to a business account and you need to provide a license and certificates from the government agency, it's better to limit yourself from using Coins.ph, peer to peer is good option.

^ Wait, is this a custodial wallet right?
Any custodial wallet we use must read the TOS before using it because most likely they are followed by local government jurisdiction which is against gambling activities. There will be a big problem if you will not read carefully the term of use. However, this is a great warning to us even though those who are not Filipino are using local crypto wallets. We know that our government is very strict on money laundering and those regulated wallets should be avoided. If I were you, BTC mixer service is the best for you before you will send it to your custodial wallet.

Its an exchange if I am not wrong so there is no surprise that they are restricting incoming funds from a gambling site since their government doesn't allow it, using mixer can be an option but its not a much reliable one so anyone wants deposit funds to coin.ph have to mix their coins everytime before depositing to avoid the account termination.

Maybe the company needs to be more transparent because not all of the sender is gambler and sometimes people just get their chances to earn from gambling sites like what payments from signature campaigns here who sometimes directly sent to our wallets provided .
but best for you and your countrymen to not use your local wallets in gambling transaction since they are very strict and not to trust even you are guilty or not.
Yes this is correct if the gambling is banned in your country best to not let them seek for your mistake, But i don't think that Gambling is banned on that region it is just the transaction from gambling is what prohibited .

They prohibited it since day 1, so if you're not aware of the rules and regulations of their platform, your account is going to be put on "limit" or "hold" and you need to set an appointment to them (video call) before they return your account back to normal, if you failed to do so, your account will be forever on limit.

Luckily now they already put a warning for the user to think of his next action on using his account. I suggest send your XRP to other cryptocurrency wallet such as coinomi that supports XRP and other cryptocurrency to avoid getting your account in trouble.

Why using a custodial wallet at first for gambling transactions, even if you are sukmg custodial wallet, it is very good to read the terms and conditions of the custodial wallet, like me already known that making transaction from gambling site into coinbase can lead to account freeze, also I am just hearing about xcoin.oh, but it is also custodial. The best is to just use noncustodial wallet like electrum for gambling fund transfer than custodial wallets that can result to freezing of our funds or account. We should know that if it is not our key it is not always our coins, make use of noncustodial wallet, then you can send from noncustodial wallet to coin.ph if you want to withdraw to cash which is the main reason Philippines should use coin.ph.

A lot of gamblers already know that coins are very strict and it's not just limited to coins because like what the others mentioned most exchanges don't like funds coming from gambling sites. This is why most people recommend having a wallet you can control and even though it's a bit of a hassle you're better off not losing your exchange account just for this reason.

Gambling isn't banned in the Philippines. Using other sites wouldn't change much since you're still cashing out crypto to fiat at the end of the day and afaik most local crypto exchanges are regulated by the government.

That is just one example of how the government will monitor their people. Sooner or later, the other government instances will do that and try to investigate people's money circulation. If they found such a case like what @OP have, they will check everything and dig deeper on every possibility. It is just a matter of time before the government will check people who use the wallet or online wallet.

In this way, using a separate wallet that does not connect to the government or exchanges will be the best because we can hide our transaction from them and send it to any website we want.

That's on their TOS ever since so to avoid being flagged, send your crypto to a personal or non-custodial wallet before sending it to an online gambling platform and you are using XRP so there is no problem with the transaction fees and waiting time for confirmation.

Maybe in the future, they will support legal online gambling just like what GCASH is doing currently as the country is in dire need of money and they are turning to gambling as the source of funds.

I have asked the same before and based on the members' replies, don't involve your coins.ph in gambling activities as it has a risk of getting lock or ban. Now, we are not blind to what could happen to our account if we violate the TOS of coins.ph, and they are just regulated by the BSP so they will continue to cooperate by providing the regulators the data necessary for the investigation.

There's nothing new about this as government also with coins.ph implement this prohibition before and many accounts has been banned due to this activities so  best not to use this wallet if we want to gamble, we had so many wallet options which is not so strict about this and if we are worried on how to cash out then transfer first your balance then withdraw it there for sure we will be safe for doing this method.

I've tried depositing Bitcoins to a gambling website when I'm still gambling but only a few times and I didn't receive any warnings about it.
Maybe this is just new addition to the coins.ph TOS.

Either way, being detected can be avoidable in some ways. One reason maybe is to put first the coins into an exchange like Binance first and then from there, transfer it to the gambling website. It might take some time and transaction fees but it would be better than account getting locked. Another one is to not use coins.ph at all if you don't want to get caught.

Seems that the government bodies of Philippines attention caught by the rising transaction of many Filipinos on cryptocurrency. I mean for sure they are not only interested in monitoring transactions with a gambling sites which of course it is widely known that gambling is highly prohibited in Philippines but I bet that they were also monitoring transactions of the Filipinos related to the NFT games that went craze today. Widely spread in the national news that they were also monitoring the big transactions on a digital exchanges that were regulated by the government because of course they were going to impose a tax out of the game earner.

Wow that's a really enforced rule, because basically gambling in my country is also prohibited but I hardly get any problems like that. But with a warning message like that at least gamblers are still safe, imagine if the warning message didn't exist and you made a delivery and your coins could just disappear without you ever receiving it. By the way, thank you for informing me about the incident because I also used their service in the past.

This is a very informative post- thank you very much for posting this as a warning.

I have a question, what if the proceeds of the gambling websites would be transferred to our respective coins.ph wallets, will the transaction be marked/regulated by the BSP as well which has the potential to be taxable? In all honesty, it is about time that the BSP intervenes as it is mandated by the law as a prohibited activity. Though there may be ways on how to circumvent this, I still highly advise users to avoid it risk of getting caught in the future.

I don't use coin.ph because I'm not a Filipino citizen. But your information is very useful for them to be more careful and pay attention to some updates that are often not known to the public. This may result in a lockout, which the user may not be fully aware of.

Regarding the use of custodial wallets, there are other alternatives that can be used by gamblers, as many have suggested that Mixer can be temporarily transferred for quick transactions.

I'm a regular user of Coins.ph but that sounds new to me. So far I haven't tried transacting from coins to a gambling site but this is a good warning. They just recently asked for additional KYC and I guess the government is monitoring crypto users and gamblers in our country. We should be careful in transacting using this app because we all know how the local government wants to tax the crypto users in their own ways.

I think this need to be moved on our local board to create more awareness there but it's relevant as well here, maybe make a new thread if this one isn't moved. Luckily not into gambling transactions anymore that frequently but even before that I do it even on weekly or biweekly basis I try to avoid this silly mistake as I know my account will be at risk I try to do so.

What I did way back was sending the coins to a mixer or to an exchange before proceeding to the actual gambling site or my own address, it's way more safe. Not that a regular user of coins.ph these days and I think they really are now into strict regulations, not a bad thing that they make it a prompt before a user does.

Before you use a particular service, you should not only familiarize yourself with the rules of the service, but also to comply with the laws of the country as sooner or later because of illegal activities can get into trouble.

In addition, the issue of blocking an account at coins.ph in connection with the use of addresses of gambling sites has already been discussed on the forum in 2018.

Is gambling illegal in Filipinos? I thought it was legal in there LOL. If coins.ph doesn’t allow payments to gambling sites, you have lot of alternatives. Just move the fund to non custodial wallet (coins.ph is a custodial one, right) and it will not have any direct connection. Apart from that, I don’t see any reason why anyone would be using a centralize custodial wallet for having their private activities.

Back in the days, when i used XAPO wallet, they also had in their terms and conditions that funds from gambling sites are prohibited and if they caught, they could ban the account. But in reality they never ban the account. I am surprised to see that coins.ph recognizes the gambling wallet and issues the warning.
I think OP should be careful next time else he may lose his funds.

not illegal at all. we have casinos in major cities.

if you lost your wallet due to sending or receiving funds from casinos, will there be a chance to get it back or will it be easier for us to just create a new one and verify it again? i have sent coins directly from casino but i didn't really get the warning message at all. probably because they are just a small amount.

This has been the rule with coinsph ever since, and I’m not using that platform for this mind of activities anymore because there’s a high chance that your account will be freeze if ever. If I’m withdrawing my funds, I go directly on metamask or electrum because CEX are also strict with the gambling money, they also have a warning like this especially on Binance.

I think the warning is good for those that uses coin.ph especially from countries that strictly ban the use of gambling site or gambling activities. It's better to be warned than to ignorantly lose money due to lack of awareness. This will alert gamblers who might attempt using the platform for gambling transaction from losing their money. I don't use coin.ph so I have nothing to worry about and I also don't intend  using it in the future.

I don't know how to call this but it seems that they monitor every gambling sites or maybe they just list all of the gambling sites addresses and put it on a blacklist. Well, they had an account here so it's possible that they monitor most of the gambling sites here and put those addresses but with all of these new gambling sites popping almost everyday, they must have a hardworking person on their office. lol

Anyway, this is the risk of using a custodial wallet so if any person wants to use some custodial wallet they should read the ToS first and understand because once your account is locked while there's a fund on it, there's no turning back I guess.

I'm sure with that kind of prompt and anyone who is aware that gambling using the coins.ph is illegal will never proceed, it's a prevention not to be in serious trouble in the future, therefore what OP shared is very useful, anyone who put a gambling platform as the recipient has no idea about the law pertaining to this and therefore not aware of the consequences.

Thanks for the warning.

Coins.ph is one of the biggest wallets/exchanges and just goes to show how dangerous all hosted wallets can be.

Use something like Electrum, it's just as easy to use but you retain all ownership of the private keys. Much safer and you won't be subject to the scrutiny and prying eyes of the government when it comes to your gambling pastime.

For bitcoin transactions, yes, it's always good to go with wallets like Electrum and if your balance is on the exchange, you have to make it through Electrum just to avoid sending directly from any exchange. They've become stricter this time due to the regulations that are happening.

Yes, and that's not just for gambling but on the user agreement, there are many types of transactions that are prohibited to happen if you are transacting with the use of their wallet. Some users might not be aware of those and they keep proceeding until they've been flagged by coins.

They are fully aware of the existence of online Cryptocurrency gambling and they are fully aware of money laundering and Coins.ph is fully compliant with the government of the Philippines if you are a Coins.ph user you should be aware of all their rules they are very strict on their users and they always monitor their users and where the funds are coming, users know that before they got approved they are interviewed via call, I still remember the first interview, I have to give a good answers and make sure I am fully aware of their rules.

Its been long time that this is included into their terms but it turns out that this is the only time that they are really implementing this one strictly because they do need something to stop those transactions since
Coins.ph is heavily regulated then its just normal that they would really be following those rules and regulations too by the government if they dont like any possible problems or violations just because they
had let their users do get involved with gambling but as far as i know that gambling isnt really that banned in Philippines which do really make out some questions in mind.

Gambling in the Philippines is not illegal only some gambling platforms don't pay taxes to the government thus they became illegal. Coins.ph AFAIK is a custodial wallet and the reason why they are not allowing users to send money via their platform to online bookies is to protect their business from money launderers and besides some of the online crypto bookies are illegal and they don't want their name to be engaged to them.

Some users directly send their coins to save on transaction fees as there are networks whose tx fees are insane.

They are not banned but they don't want their exchange associated with activities where it involves addiction and we all know that players are prone to addiction to gaming and gambling, yes they become very strict and they restrict so many of their users since they become the number one Cryptocurrency exchange in the Philippines, it's almost impossible to get into level 4 of your account they even ask for Central government bank certificate so my advice is to limit transacting and use other exchange

We cant really deny the usefulness of local wallet providers and this is why it isnt surprising that there are really users who do really use up this platform and considering on how many Pinoys are in crypto
and they are the only local wallet provider then they are really that big and trustable enough.

Speaking of the issue then it would be better if you wont be sending out directly to a gambling site but rather go to transfer in non custodial wallets and then make out some transfer again.

Fees isnt an issue, weve been staying for 1sat/byte for a while now which it isnt really a problem if you do talk about fees.

It is the exact of why users are sending directly with these regulated wallets by the government. But they will be hit hard if they keep doing it and they have to be compliant with what the exchange wallet starts to implement strongly.

Some gamblers might not worry about the fee and just do the other way of sending/depositing to the casinos as they have no choice anymore.

I also got the same shit hapen like this on my "Local" exchange.

I withdraw "XRP" from Stake to Tokocrypto (Indonesia Exchange), the weird thing every low amount transaction is credited but while I withdraw more than 1,000 XRP the balance is not credited. I contacted them, they said the balance transaction is came from gambling activity and they can't accept that. The lucky things, I can request the refund address because the sender & my deposit stake XRP is different.

Because of this issue, I always withdraw to personal wallet first then go to exchange.

Yes, this thread should be in local because this is only specific for PH users.

It's been known already even before that using a custodial wallet for crypto-gambling is not recommended especially if there are terms about it.

Binance is the only top exchange I think that doesn't have any terms about gambling but use them with caution.

Coins.ph can be used by customer abroad. So this might be discussed here for foreign customer awareness. I have a friend in SG and Canada, They tell me that they are using coins.ph for payment with other foreign citizen out there.

Ref link: https://support.coins.ph/hc/en-us/articles/360000012161-Which-IDs-are-accepted-for-the-ID-verification-process-

That's clear for us here, regulations in coins.ph was really emphasizing a strict rules against gambling, because of an issue of legality.
However, the accusations should be supported with strong evidence if being suspected. For those traders with involvement with illegal gambling activities, better stop or else you'll face charges against them or possible sanctions.

I think 90% of citizens that use coins.ph outside the country as wallets don't use them for gambling. There are lots of wallets they can use with much more convenience in that country. Regardless, the point here is there should be an awareness in the local section.

If you did miss the post I have quoted, posting it also on local (or creating a thread there) will "create more awareness" specifically for PH gamblers as there's more chance that PH gamblers are just staying there. There are PH users that are not participating in any sections of the forums. They need more awareness as they used coins.ph more compare to people outside like your friends.

It's not about the question wherein customers abroad can use it or not or your friend can use it outside the country. I hope you get that.

If you're a coins.ph user and read their terms and condition, it is clearly stated that they prohibits using their platform in any gambling activity. I know this for few years now and because I dont want my account to get compromise, I abide to their rules. Im using other wallets to deposit/withdraw on gambling sites where I want to play.

Dont use coins.ph wallet on your gambling activities if you dont want to face problem later on.

Just to correct, "gambling is not illegal in PH". There are just gambling types that are prohibited especially the unregulated ones.

And the terms about gambling on coins.ph is not new. It was part of the original terms since then.

I don't have a problem sending funds from coins.ph to a gambling site. I did that several times. But since there's a new implementation like on that screenshot provided by OP, I will now refrain from doing it lol. Still not test yet that new sending feature as I rarely use my coins.ph now for doing transactions to a gambling site. But for receiving funds from the gambling sites, I do it regularly.

it's not new, it's been around for years now. I'd say you're just lucky that they didn't detect what you did. I've done the same thing in the past but after finding out about their prohibition of sending funds to gambling sites I stopped immediately. I realize it's not worth it losing my account and funds due to my gambling habits.

yeah, this is what everyone(I think. since I do it too) is doing when they are using coins.ph

It doesn't matter if we're gambling on platforms with strict or no restrictions because the prohibition is on the app. It's stated in their TOS that you can't use it for gambling/betting. FYI, coins.ph is a custodial platform that's licensed and monitored by our Central bank.

I'm well aware on your quoted posted and I just want to point out that there's foreign user of that app too. Not here to argue but if you can bring a data supporting for your "90%" of foreign user is not using it for gambling purposes then this topic should be move.

You already mention this
So I think there's no harm if this topic was discussed here, Besides most the Filipino in PH section is well aware on this matter. It's for a general knowledge about this issue. Not gonna argue anymore and not replying on your future reply on my remark.

It's understandable, the Government is seemingly doing a crackdown towards cryptocurrency, specifically trying to identify how they'd actually put taxes into crypto transactions. Additionally, there's a lot of methods to bypass this imo, in using a mixer, a throwaway wallet, etc., and whatnot, it's just that coins doesn't want you to directly transact to gambling casinos, but rather use a medium instead to move the funds towards the wallet. Was rather confused as well initially when I needed to move some funds from my coins to Binance, it's basically KYC but with info regarding as to where you're going to send it.

Funds are not confiscated. Only the account was suspended. That was based on the feedbacks before that I read on Facebook where funds are given a chance to withdraw.

But to be honest, there are no users yet that provide proof that their account got suspended due to gambling exactly. I think that was just a speculation of their users but in reality, there's another reason why accounts got in question like in 2017 example, where lots of coins.ph account questioned as earnings big bucks to ICOs are everywhere and coins.ph was mostly used exchanges because of lack of competition before.

If the government of the Philippines looked at the progress of Cryptocurrency in their territory he will just look at the financial performance of Coins.ph and since they have millions of users and millions of transactions they implement a full regulation into it, they are part of AMLA which is an anti-money laundering board in the Philippines, and they treat gambling as a possible gateway of money laundering.

this should be a good trick, I have experienced before. I took been a long time when withdrawing from gambling to exchanged, look like he does it manually and carefully to monitoring for detail transaction.

Agree, but it's good for warning us, it could be happening on another wallet in the future. which this warning, we will avoid using any custodial/exchange wallet such as local or global.

every gambling site has an address that should be easily detected by a transaction. as far I know, the address marks the name of the gambling site at the end.

From this situation, the user must use a non-custodial wallet like electrum to transfer funds from a gambling site to exchange.

Thanks for sharing this.

I think that a lot of people are still trying to use centrally controlled wallets to gamble which is definitely not a good policy to take whatsoever.

These people don't realize that like coins.ph, people can, have, and will get suspended and have their transactions tracked by a range of other crypto exchanges. This is including the well known Coinbase service if they affiliate or play on crypto casinos.

AFAIK most exchange don't allow sending from exchange to gambling site and vise versa?  and besides checking the TOS of coins.ph they have clearly mentioned this for long time of having warning to not use gambling sites from engaging in their wallet because you will face consequences like banning or being frozen account.

Good to know that there is a warning before you got to transact because others will allow you to transact first and then will punish you after so your funds will be on their hands because of your violations.
Most of them are users in which don't love reading TOS or at least not understanding deeply before proceeding , and this ends with this issues .

That is the best solution for a gambler so they do not have to face that problem. But I suggest using a multi-wallet with a conversion feature to send and receive the coins because with using multi-wallet, we can convert the coin to another coin and then send it into the exchanges if we want to sell the coins. That will help us to solve the problem without causing the other problems ;D

If you are living in Philippines then you can use coinsph to store your bitcoins but for gambling you can choose another wallet.
Just don't abandon the coinsph wallet fully just because they do not support the funds generating from the gambling site.

Indeed , separating the availability of your funds is the best action for this prohibiting . Why push things that is not allowable when there are options that we can use safer. unless that person is not aware of the rules as many are not willing to understand terms and Conditions of each gambling sites and its exchange.
follow rules as obligation or risk losing your funds and account because of your own diligence and laziness .

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

I am using coins.ph for quite a while now but I haven't tried to use my address  on a gambling site. Since there is binance and I trusted the platform, I preferred using it for convenience.

It depends on the address, In the case of "XRP" currency. The reason why the exchange knows the address is coming from gambling activity because the address is already have a custom name "STAKE" so they are really easy to be recognized.

IMO, even the exchange has a policy they can't accept any fund from gambling activity as long there is no information who mention about gambling activity like the name of the casino or maybe some memo on the chain.

The only addresses that will be difficult to know are noncustodial wallet addresses, if you make use of binance, coinbase or any other exchange to send coin to an exchange, they can track it to the exchange most especially if the address has been used countless numbers of time. I do not know how gambling site work, maybe like those exchanges, this will make it easy to carry out some searches with the help of some sites that will reveal if the address belongs to a gambling site. The best is to use noncustodial wallet, after you send from gambling site to noncustodial wallet, then you can send from noncustodial wallet to the exchange.

I also presume on this one unless if the said local wallet provider do make out some in depth search on each addresses on where it do came from and its just not surprising that they would really be listing

out to those known gambling sites address but I don't see for it to be that much effective since there are sites do give out dynamic addresses which its really hard to determine if you are really passing
off funds to gambling site.

For people who had been using this wallet then you should be aware on possible problems if you do try to violate.

As far as I know Binance also restricted, you can’t deposit any crypto that are coming from your gambling activities better to check the ToS of Binance now to avoid any inconvenience. With my gambling activities, I always use Electrum for my withdrawals and coinsph is only for withdrawals in peso, this is way more safe I believe.

Even binance is restricted.

I once make some experience deposit over thousand $ with XRP to "Binance" they still can credited the balance, however tracking tx on the chain is really hard. The exchange can't really easy to recognize the TX is came from casino unlesh there has some small information like customer name address/memo gambling activity.

I read the TOS of Binance but I could not find in the rules that gambling funds are not allowed.

https://www.binance.com/en/terms

I think only coins.ph are restricting it, they have different regulators so things are different, however, it doesn't mean that the rules still stick forever, we should also expect that in the long run, they maybe add more strict restrictions on using the platform and that includes prohibiting from your Binance wallet in sending and receiving gambling funds.

Wont be a surprising thing if there are really differences which as mentioned it would really be depending on the regulators of each country which we know that it really differs to each other.
On gambling industry there are countries which do allow and there are some which do prohibits it and as a citizen and as you do have agreed with the terms of a certain service
then you should abide the rules given.

I guess everyone will start using the service of mixers once the restrictions are very high. Gambling is not strictly prohibited in all countries, but once the regulators will start to regulate, then it will be easier for them to track our transactions to the centralized platforms, that's why mixers are very useful for them not to easily trace the flow of transactions.

I did not surprised to see if there is an issue like this as we know from the start that most custodial wallets should avoid using that comes from gambling.
In this case, I would suggest that much better is to read first the TOS and what are those terms that we cant use on their service.
The same as what OP said, dont use your local wallet upon transferring funds, use bitcoin tumblers so that your address that has been used is not linked to where it come from and you can able to transfer into another account.

Hopefully, there will still be a chance for us to use crypto anonymously without using the service of mixers. And even if we should use mixers, that will be the last option for us to avoid the government or regulators tracking people who use crypto to playing gambling.

But I am sure that the government or regulators can not do anything even if they use strict rules for their people. Having internet, especially we have a VPN connection, will still help us be anonymous.

Wow, now they're really trying to monitor people with their greed. I think this move was caused by the recent fame of Axie Infinity that made it under the radar of the tax bureau in my country which is a BS because crypto can't be taxed in any way.

Nope, there is no relationship between "Axie Infinity" and restricted gambling activity.

Is all depends on the regulation and laws of the county exchange operating, some of them cannot take any gambling transaction mosthly for the country who really restricted about gambling maybe on some countries who have idolized religion.

In our country, the only concern of the government is to tax Axie Infinity earners, while gambling is treated differently as it's illegal. So to make it short, gambling is not allowed while Axie Infinity is allowed but everyone has to pay taxes on their income.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If it's prohibited by the laws of the country I don't understand why those people were sending or receiving cryptos from gambling platforms on wallets of a local exchange.  ??? They should be a little bit stupid or noobs. To get around the problem they just need to use an intermediate wallet. The exchange won't be able to know if the wallet belongs to the same person or even to someone living in the country.

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

Just use non-custodial one.

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

Coinbase is also one of the exchanges that have the same restriction towards gambling. It was even known back then that Coinbase is freezing and suspending accounts because of the gambling activity of their users. I remember back then in our local crying over Coinbase because of that although that user didn't show any proof or screenshot. It's more of suspicion due to continuous activity on a gambling site that the user did before the suspension of the Coinbase account.

Yes, I agree with you that someday centralization will be more strict towards exchange, be it on global or local exchanges.

I'm sorry but it's really stupid to do a forbidden thing, prohibited but by the local laws and putting your funds and your freedom at risk for just a convenient purpose. I don't think it's very difficult to transfer funds to another wallet, located in another jurisdiction if it's a custodial one or to a non custodial one instead. If you don't want to do that you can also use a blender service for mixing your coins.

Having convenience vs a little bit effort and paying some fees will really be saving you up on a possible problem in the future.It is indeed hassle on making accounts again if your current ones get blocked or banned
just because you had committed something which is typically against with their ToS.For having some common sense then majority will really be finding ways for them not to get blocked but there are indeed
lazy people who do make out directly deposits into sites or services which they do know its prohibited but still they do proceed on just because it is way too simple and not too technical.

I think that's not the case. It's more possible that these users are not aware and they didn't really know it is prohibited. The majority of users, even I admit to myself, don't read the Terms of Service of any site whether it's an exchange, gambling site, etc.

But for let's say that's the case, these people are making their deposits not that regular. A one or a couple of deposits to the gambling site should not trigger the bell of the exchange. Unless they will do it regularly, that's where the problem will start.

Since it's already starting, I hope more users will be aware of this.

Not that hassle to take an extra step just to make things sure and safe.

Better than your account got suspended or freeze. That was a hassle thing to recover exchanging countless emails between you and the exchange.

The government will not be quiet about what happens to the crypto. If they think that they can take taxes from people who owned crypt, they will do that and make new regulations for crypto users to start collecting the taxes. I am a bit worried about that as the government can use all the ways they can to ask the local exchanges about the report of their user so the government will know who people have the crypto. We know that the government can force the local exchange to send the report to them.

A lot of members had given their opinions about it, out of curiosity, what gambling sites did you use?
I've done it before but was never questioned. I think it's because the gambling site is using a pool service or because it is in Bitcoin.

Using XRP and looking at the transaction you could see the name of the company who owns the address unlike in Bitcoin there is no such thing, please do correct me if I am wrong. I think that is why they traced where your funds came from. It would be better to walk it through an exchange first before Coins.ph.
Yes, it's cheap with XRP but that's the issue because it's somehow centralized unlike sending with Bitcoin if you are willing to pay for fees.
https://i.ibb.co/RNM706N/coins.png (https://imgbb.com/)

What I was asking about was how come they are doing it now? I mean crypto gambling with the use of coins.ph has been done a long time so why right now? Pretty sure that these things aren't all a coincidence because a lot of hype behind crypto has been increasing in my country in the past few months.

While you are right in bitcoin is more safer than XRP yet the risk of being banned is there , why risk your account and funds when you can at least prevent this from happening ? reading the terms of service of coins.ph they clearly mentioned about prohibiting users from using their wallet/site in gambling activities meaning this is a clear warning and besides there are many option to do than directly sending funds from their wallet to gambling sites.
it is much better to learn following the rules or being banned and feels the bitterness later.

Coins.ph ToS includes the prohibition for gambling activities since they start operating. They just strongly imposed there terms right now because crypto in general is gaining a lot of attention to government due to the huge sum of money that didn't have a tax.

I read your previous comment that stating crypto can't be taxed. Technically this is true when we are talking about direct taxed but they can always find a way to still get the tax for crypto by regulating exchange and other place that has a cash-in and cashout operation to fiat because of banks. There is is no way you can evade as long as you are converting it to fiat unless a face to face transaction. US is the best example for this topic.

I wasn't talking about people involved in any criminal activity, no.

What I mean is that even if you are a law abiding citizen, and even if you try to withdraw a not that big amount, like $100, you can still end up in troubles in a form of very strict KYC, which very hard to pass. It happens because by some laws withdrawing from a gambling site to an exchange considered a suspicious activity, and gambling sites obliged by the law to perform KYC verification in this case.

Didn't know that, I don't use them for gambling and I don't read ToS so it's a new knowledge to me but wouldn't that be a coincidence that they're imposing it much stronger right now. I don't think that it would be fair that they will try to find a way to tax crypto when there's clearly no way it can be taxed right?

And they found stricter now and they keep asking to update our personal information for verification. What I think now is that the coins.ph is working with the government and they are gathering information on those who often use this custodial wallet and might soon they ask for tax fees. And this gambling restriction is a part of their upgrades. It is a need for us to be aware of this otherwise we can be one of those accounts that has been lock due to violating the rules and TOS.

Didn't coinbase do the same thing before? I mean, if I remember correctly, using coinbase back then for making any transaction related to gambling activities would mean that you are breaking their terms of service and your account would get blocked. Your exchange probably knows which hot wallet belongs to which casino. Hence they know where you are sending those coins too. Or maybe because you are using XRP (centralized af). You can still use that exchange. Just send the coins to a non custodial wallet before sending it to an exchage.

What's the difference now, didn't they already have this rules in their Terms of Service? What's the big difference to this one anyways? Much more strict or much more monitored. I don't really know what's going on with Coins doing this but I don't mind that.

For a local wallet which is highly that centralized then its no surprise that they would really be restricted nor prohibits on dealing with gambling transactions and yes i did remember on what
Coinbase taking in talks about this where you shouldnt really tend to attach or making transactions in related to gambling because that would surely a violation into their tos and once find
out or get caught then for sure you would really be blocked or banned on using the service. Any appeal? possible but its less likely for you to be reconsidered.
So always follow your government rules and regulation since these platforms are just following on whats mandated.

Most of the reason is follow the regulation and law on which country the exchange is running.

Let's say for my case, In "Indonesia" gambling is really probithed you can go to jail if got caught doing gambling activity even in real-life. That's the reason most people gamble by online in here, that's would be scenario case for the exchange if they operated on some country who accepted gamble activity.

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What @danherbias07 is correct, In XRP you can make a custom name of your address. My issue while the exchange can't credited the balance is also with "XRP" coin while other coin don't have any problem at all, while I check on the explorer the sender address have customer name "STAKE".

They will have a hard time taxing them unless the local exchange will chance their terms of service and cooperate with the government to track people who are dealing with Cryptocurrency, this taxing thing will not come out if only these Youtubers and Axie players stop posting their huge earnings, of course, the tax collector in the Philippines will find a way to tax them, it's easy for Youtubers to track them but I don't think it will be easy for Crypto traders.

Yeah, thankfully I don't use them but I do use them for cashing out with my other cryptocurrencies. And now that the government is trying to monitor their movements, I guess I'll have to find a new one that I have to use to avoid those pesky tax people, I am not paying taxes because it only lines their pockets.

Coins.ph is a custodial wallet so its easy to track the users and get appropriate taxes if the government require them to do so. I only use coins.ph for cashing out purposes as well. One of the reason why im discourage is we cant use it to send/receive money from gambling site and the fact that we dont hold our keys.

I hope they won't come up with aggressive tax law on crypto as we will suffer from that, taxing what we owned is not fair because most of us buy the crypto we own, and where' the income on that part? Just like an example in a scenario where you buy bitcoin at $50k, and you hold it until the price dump and reach $20k, the question is, are you still gonna pay for the taxes now that you lose a significant amount already in terms of value in fiat?

With how our economy struggle, it's more realistic if we will expect that the government will come up with an aggressive law to increase their revenue, and since the crypto industry is growing in the Phillippines, I'm sure they are already studying it now and we might just be surprised that one day law is already created that most of us will disagree.

Whatever the law, just don't mess up with the government as they'll really go after you to make you pay your due which is the "TAX".

Maybe if the government fails right now, but I am not sure if they will not try other ways since the government still has many things to try. Hopefully, that will not be a way to force people who use crypto and I am sure that people who have crypto can solve their problem because they will search for how to protect their crypto from other things that want to know more about them.

This is not surprising knowing how big the amount each transaction can be made on a day with all of crypto user everyday and also knowing that many people earning decent profit from it for sure government will make it a ground to implement a taxing system towards crypto users. I don't have a problem on it as long as they will put a protection user a protection against frauds or any exploit then we still earn a good benefits on it.

Good warning OP but good warning in general to everyone using crypto. Just never ever ever send or receive BTC directly from or to a casino or gambling site to an exchange.

I know Coinbase automatically detects it from their whitelist and I'm sure others do as well.

Always use your own personal wallet as the interface and never let 2 services touch each other:)

As suggested by some members here, use this kind of format when gambling.

exchange - electrum - gambling site.
gambling site - electrum - exchange.

The strategy is time-consuming and you also have to pay more charges on transaction fees, but that kind of flow makes your account safer against the rules for illegal gambling activities.

Time-consuming and you need to pay extra as you are transferring your coins from different wallets before sending it to your target destinations.

Better to be safe. That's how we all see that, taking the risk and regret your action when the money you are using already been frozen, not a good idea and will only add stress on you.

Balance and think for much safer transactions. It will be all paid off, as you don't need to worry each time you play your favorite gambling games.

Thanks very much much for this information. It will be a guide to many who have come across it

That would be the ideal process of transferring btc but like you said it's time-consuming and entails transaction costs. These are always my problem before when the tx fees were high so I shifted to using XRP for faster transactions and almost no cost of sending them to gambling websites.

If only gambling sites would support smartchain network as to save some fees, that would be helpful to us.

Since it's a custodial wallet it's better to properly monitor the incoming and outgoing transactions, they have an agreement with AMLA the money laundering agency, and the worst thing that can happen to you is to have an alarm set for your account, so check your transactions and be sure nothing is coming from dubious sources you can do peer to peer it's safer.

It's sad to admit it but if things get seriously in matter of taxing people who used cryptocurrency in Philippine then we don't have any other choice but to follow the law. With the current economic crash of the country the government were definitely conducting a serious study about it and because they could set it as a means of one of the sourcing fund of the country since there's still a few business establishments could open their businesses. One of the way they could control those people who used crypto is through the government regulated local exchanges where we transact our assets to convert into fiat.

Our country is in deep debt and because of the upcoming election, corrupt politicians are doing everything to tax even crypto users just to increase their revenue. It's a sad reality that we have to suffer because of the type of government that we have. It wouldn't be hard to pay for taxes like this if we know that our money would go to appropriate allocation and not in their own pockets.

It's really not time consuming actually, especially these days when fees are 1 satoshi only (not that it matters w/d from an exchange). But yes, from an exchange especially, always send to your own wallet because they will sometimes ask for proof of ownership (which is easy to do with screenshot or signed).

I would even not link immediately the same input from gambling - electrum - exchange

It's not the safest if you don't want to get linked, at least that's the way to mask your real transaction a bit so no questions will be thrown to you. Yes, the fees now are very cheap, you can make transactions more if you want. For gamblers who really want to ensure their privacy or hide the origin of transactions, then it's wise to use a bitcoin mixer, I'm sure the regulators will have a hard time tracing your transactions if you ever get investigated.

I'm not an expert, but what if they trace the transactions were coming from a bitcoin mixer and they will make mixers illegal like other countries did.
I think this article would explain that mixers is dangerous as it could be use for money laundering though the purpose of the mixers are for anonymity, but you can't control how the regulators are thinking as they always see the risk.

https://coingeek.com/bitcoin-mixers-are-illegal-and-anonymity-is-dangerous/

They wouldnt really come into that point unless if there are big transactions or funds inside your local wallet which it turns out that rings a bell and might consider for some verification or investigation
but its not actually a bad suggestion since mixers are really the best way on mixing your coins for you on not to be traced but honestly they wont really be that too on having in-depth search
on just having 1 or initial transaction which is pointing out on a personal wallet which i could say that i would prefer something like this over hassling yourself on mixers.

Most registered exchanges have to take care of their business and that's why implementing this to avoid being flagged by AMLA/AMLC. It's said by the law and they're also follower of the ruling of the government.

And you'll be questioned if you're not careful with your transactions using your account from them. Worst is that you have to answer their interview and tell things that you don't want to say.

For now it could be convenient since the fees are cheap, but as the market gets more congested and we still continue to gamble, we will suffer the high transaction fee and we have no choice but to shift to altcoins, and in that matter, electrum will not be useful anymore.


Well, that might trigger an investigation as it's a red-flagged if an account suddenly receives a huge amount, not on its normal daily averages, the exchange might ask you where the money is coming and that would make you in trouble as you can't say it's from a gambling site since it's illegal.

We just have to be aware of this possible scenario so we will just slowly transact an amount to our coins.ph until we send everything, it doesn't matter if it will take months as long as you are safe from investigation.

^ There is still risk even if you will follow the pattern, the pattern is very simple not unless if you will use a BTC mixer for this that surely you are safe and not will be linked to the gambling site to your wallet. If an exchange wants to find a loophole they had a valid reason to freeze your account and probably your fund cannot be able to withdraw. Probably it is recommended as always if we will use mixers if the exchange is very strict or else find a better exchange that did not have strict about where the fund comes from.

^^
Personally, I wouldn't recommend depositing directly from a mixer to an exchange. Unfortunately, some exchanges started flagging transactions from mixers as suspicious and I wouldn't be surprised if Coins.ph starts doing the same. Better be safe than sorry!
The question is why do you need to keep your coins in custody of that exchange? If it's to cash out in fiat, then only send the amount you want to cash out and keep the rest (the amount you want to gamble with) in your wallet.

Coins.ph keeps changing their rules and the status of their users you have to monitor all your transactions here my coins.ph is still pending because they are asking for a business license coming from SEC or the Mayor's office something that I cannot provide I'm just trading peer to peer or requesting my relatives to trade my coins to our local currency my other alternatives are PDAX and ABRA which is not strict compared to Coins.ph.

Well, most gamblers these days who're concerned about privacy will just use anon-casinos or just spread their betting on a lot of places.

Mixers are always good for privacy, but also depending on the size and tech of the mixer. Currently I think only chipmixer is the one that has the best privacy but personally never tried it as well.

For me though if you gamble and owe taxes, better to pay up.

Chipmixer is very popular, they have been mixing huge money so there's no problem that you will not be paid, and actually, there are a lot of mixers that have already closed their business but chipmixer is still here, so we can assume that they are not violating any law, I guess.

Mixers help gamblers to hide their identities and I agree with you, depends on how big the amount you need to mix.

small time gamblers will choose non-custodial wallet if they are just using a small amount of money, while whales who's trying to hide
everything will have no problem using a mixer or hardware wallet, which much safer even there's good cost to have one. It fell to your
needs and your capabilities to choose your options.

I have not used a mixer for a while now but I think at the current price of bitcoin now, they will be expensive to use. However, if you are gambling with a decent amount like $1000 and over, then I'm sure you can afford a mixer as it's an added security to you so you will not be trace easily.

But while using mixers you have to be patient to receive your mixed coins lets say a week but in general the gamblers are in urge all the time whether they are withdrawing or depositing so their patience level will be tested if they are going to mix their coins while deposit or withdraw which even can change their total gambling behaviour.

When it comes to privacy on while playing into online casinos then as long you dont do any KYC then that would really be considered anonymous and there's nothing to worry about when it comes to privacy thing.

Using mixers is good as well but if the said local wallet does still prohibit on using out then it is included into the list on where you should avoid but actually it does matter always on the terms and conditions
of said local wallet.

Why would push through if its prohibited? Its better to avoid it on the first place if you dont like to suffer any problems later on.

That depends on the mixer you are using and the timing you will choose to receive your mixed coins, you can do it within an hour or a week, it's really up to you but the fee will still be the same. Mixing business priorities on the anonymities, the longer you will receive the money, the more the money will be mixed, but I think one house from the time you sent would already be enough for a small transaction.

Not really that much to mind off to go into that certain extent on where you do make use of mixers since you could really make some simple transfer on some wallet which isnt attached
to gambling then from there you could make out some deposit without putting yourself into the harm when it comes to possible violations if ever the said service will really make out
some verification or investigation.Not really needed for you to go that far since one single transfer would be enough.

Why do they end up asking for a business license?

As far as my knowledge is concern about coins.ph and as a long-time user, they will just ask you that if you are requesting much higher limits. That was the necessary requirement and documents to approve that. No choice in the end, because regulations really hit them hard. Before, anyone can use coins.ph without that hassle but they need to comply with the government laws.

The same goes for gambling-related transactions.

Yeah, mixing can sometimes sound like a crime to some people but it's more like using a VPN, might be used for frauds but is meant to empower security actually.

I have seen some gamblers who will just deposit, wager a little bit and withdraw because they actually want to mix their coins free of cost. The casino has no reason to hold their money either once they have wagered enough. like stake requires 15% to be wagered before withdrawal, sportsbet.io once asked me to roll over the entire deposit once before withdrawing, and they make sense since they cover the cost of withdrawal.

I never use coinbase or any of these exchanges/custodial wallets for gambling deposits since there is always a delay & fees in withdrawal if you use exchanges like Binance while I don't trust sites like coins.ph (and sorry for that) because I have seen online wallets hacked or simply exit scams.

It looks like a bit trouble for the wallet user, well if it is on their terms and conditions then you should know that. I was curious was it like on direct wallet of the gambling site or you can transfer it to your personal wallet going to that wallet? is that how it works? or as long as the coins are tainted with crypto related coins. I'm curious what will happen will they confiscate it?

You can transfer it to your personal wallet then you send it from your direct wallet to the gambling sites wallet. This flow is safer than directly sending from coins.ph to gambling platform, they will ask for an information, and if you lie, they would still know if they'll conduct a thorough investigation.

From what I remember is that there is really a clause in the terms of service about gambling even a while back. Coins.ph is not for gambling purposes as their Terms of service already stipulated that part and being a KYC platform, of course they have the right as mandated by the Bangko Sentral, that users of coins.ph needs to submit their identity. When I used coins.ph before I remember getting flagged by them for sending BTC to an exchange. After that I stopped using it being fed up with the rules. If you are going to use coins.ph, then just use it for investing into Bitcoin without moving them to different wallets.

It is really on the terms and agreement but there are users that are bypassing that.

Thinking that the exchange itself won't be enforcing that rule that they've made.

It was already posted in the OP.


Therefore, using the platform of gambling transactions makes your transaction illegal, and you will be legally liable.

This warning is very timely as the government of the Philippines is already starting to imposed stricter rules on crypto industry.

Wallet providers and Exchanges are very strict when it comes to casinos, because a lot of money laundering takes place through illegal gambling sites. The regulated gambling sites, should not be a problem ...because they verify users as part of their agreement with the license that are awarded to them.

I will rather use a desktop wallet like Electrum or a hardware wallet and then push the coins through a Mixer service to "clean" them, before I use wallet providers like this. (Centralized services can lock your account, if you break their rules in the ToS)  ::)

No choice but to follow. Coins.ph is just following regulations given to them by the BSP so others should not blame them if they feel not comfortable with these terms and regulations by the exchange.

We should really expect that while crypto is becoming popular in every country, stricter regulations will be imposed on any crypto-related companies. There are alternatives to transact safely with gambling sites and that's more important.

Better than being in a country where crypto and gambling are totally banned.

Coins.ph is losing customers because of their strict rules but members failed to realize that it's the AMLA the money laundering council and BSP are the ones that laid down the rules and they just follow what on the rules because they are compliant, so it's better to monitor your transactions and follow what Coins.ph tells its members because it's still the number exchange in the country.

there is no but coins.ph for Filipinos. abra i think will also have the same rules too. i'm also cautious in using my coins.ph wallet that i have to send coins from casino going to an exchange before sending it to coins.ph that would be another costly transaction fee.

i wonder if anyone's account has been blocked and was unblocked after an explanation. let's say i explain to them i'm sending coins from a casino wallet but this is my fee from a signature campaign?  ;D

It's been answered

From my understanding, there's no exemption according to this reply.

And it's always better to be on the safe side not using Coins.ph for your gambling activities. Using separate non custodial wallet to ensure your funds, it might hurt you a little because of the fees, but better than having those worries each time you send and withdraw your money from your chosen casino website.

Then you need to stop using them, those businesses only understand one thing and that is people voting with their wallets, they want the best of both worlds they want to be popular with the community but at the same time they want to apply all those kind of measures the government wants when people are just exchanging their money to make a living, so move your business elsewhere if you can and never look back.

^ If this is the only way they can convert their crypto into fiat there is nothing they can do here is to obey the protocol. It is a centralized exchange, it is regulated by the government, and even most of them, they just only follow the protocol and rules made by the government. But that is right, it is very easy to bypass and there are alternative ways for this how-to avoid freezing your fund. Bitcoin mixers are always the best way to filter your BTC that comes from the gambling casino, take your own desison decision and it is very easy to adopt, don't be afraid of using BTC.

Any valid source that coins.ph is losing customers because of that terms?

I see no. That gambling term was been part of the coins.ph terms and regulations since it was started its operation. Because of hard regulations to any crypto companies establish in the Philippines, the terms about gambling become strict and users have to follow them.

BSP really sucks at some points like how can they ask coins.ph to ask their customers for a payslip as verification for income where that user has no job.

Apart from the BSP rules. All over the world, it is normal to see more restrictions and regulations of crypto exchange sites from the government during halving effect bullish market because there's always an increase in the number of cryptocurrency theft victims.
But still, exchange sites don't welcome sending and receiving transactions from gambling sites and OP is lucky her fund is not ceased.

  This thread may help to others so that they will aslo aware regards the coins.ph problem so that they can avoid to use. But aside of this problem coins.ph are very strict on their rules regulations ,they will not accept any secondary ID and it's hard to verify the personal information but for me on this thing it was good because can secure our person information.

About having a strict rule about accepting secondary IDs or not. It's no longer the thread topic is all about.

I think if they're not accepting your secondary ID then you have to find a way to at least get the requirement that they set or with primary IDs.

Coins.ph is regulated by the BSP or the Bangko Sentral ng Pilipinas, which means they only follow the rules that the BSP has imposed on them, if they will not follow, they will be charge fo the violation and they will not be able to continue their business, that's how simple, so it's not coins.ph that is strict, it's our regulation.

I know how strict Coins.ph when you are sending Crypto but not when you are receiving, so I use Abra or peer to peer when sending Crypto to a gambling site, but I have done it only twice, Coins.ph is very strict and they very strict in where you are sending your coins even if it is a small amount, so it's better to limit your outgoing transaction than incoming.

Would really differ into each country but most of the time where Central banks would really be strictly be imposing those kind of regulation and since this is a big business then they wont really be having an option

but rather they would need to comply or else they would really be having a big problem.Ive been using this local wallet when they are just new or i do remember when bitcoin is still $200 as far as i remember on where

they arent strict when it comes to incoming or outgoing transactions back in the past and when the trend becomes known and popular then there are sudden changes when it comes to limitations of money that
do credit out on users account.

Thats true, coins.ph are more strict for outgoing transaction especially if you're sending to a non coins.ph account. Well its understandable if they are more strict now, and that is to monitor any unlawful activity. So if you gamble frequently, use another wallet instead and just use coins.ph to cash out.

Since coins.ph prohibits the use of crypto for gambling purposes, I think that means gambling is also prohibited in the Philippines if we access online gambling sites. Actually, not related to coins.ph. I tried to access some gambling sites, like a fiat gambling site and it prompt that they cannot serve my location, so I assume that it's illegal.

Coins.ph keeps restricting account so they do KYC now and then. Once they found out it is about gambling they will terminated the account. They qill gove documents for you to claim the remaining balance but you will be blocked by their system and not be able to register again. Better find other platforms to use in cashing out if we cant stop ourselves from gambling.

Being strict is the key to be secured so the BSP( bangko Sentral ng pilipinas) will secure the Coins.ph transactions and this is good example to some wallet . If you transact a big capital in your coins.ph you need to verify First your account and send them government ID's in order to trace.

Fortunately, as crypto users, we have many options to use the crypto wallet to use coins.ph can move their funds to the other wallet and they do not have to be disappointed with the rules. It is our concern to avoid the strict rules from some websites and we do not have to use their services if we think that they can not give comfort to us. I guess those people who use coins.ph can know what they need to do related to the current situations.

The rules of the coins.ph especially the major rules are based on the law of the land.

We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.

Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.

Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.

True. They have reminders upon logging in on account and that's why there's no more excuse if they caught you and traced where your deposit came from.
A lot in the past have been exampled of it but it's during the ATH on 2017. People never read the rules regarding about source of funds and that's why they've also silently implemented a wave of ban to those accounts. This time, they've got a lot of new users that are not aware of it so it's normal for them to educate everyone with this rule that they've got and they're now stricter unlike before.

I don't think they should be called "ignorant" as it is really has different meaning than what are being discussed here. Probably they just do not know that such terms exists so they're doing it. They're either not informed or they didn't read the terms of service of Coins.ph. Lets not pretend that we all are always reading those :)

You have a point but at least I'm expecting more are now aware of it. Terms about gambling is been in the exchange's Terms of Service since the company's inception in the Philippines. Not new after all although yes, most of us are not really aware or reading the terms. It's just become advice currently that reading the terms is necessary because crypt-related companies and services have now become a subject for regulations at any country.

But as far as PH local users are concerned, I doubt some of them already checked this thread. Maybe OP can share the thread on Coins.ph unofficial thread or I will do it later instead.

No one will inform you as we are using an online platform, it's not like a scenario where you go to the banks and you can talk to the person that will interview you before you account is approved, here online, the set of rules are already ready to read and before you click that okay, make sure you read the TOS of the site, if you don't read, that will make you ignorant.

Most of us do not read the TOS or terms of service, which is why our accounts are banned or frozen. Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.

As long as we're using an online platform and have a lot of features specially money-related things, make it sure to read TOS.

Indeed, that's the point, that's why the "ignorance of the law" comes into discussion because we can't complain on something that we have already agreed from the very beginning, that's a big insult to us because we sign or approve on the terms hat we didn't read. Bringing up this kind of topic will give a hint to anyone who is still not aware of the serious violation they are doing and its consequences in the future.

Withdrawing money from a gambling site to exchange seems less risky.

The alarming one is sending money from the exchange to gambling sites. It's easy for exchanges to monitor and detect the output of the outgoing transaction compare to when receiving funds.

But either way, let's make a regular habit now, especially for those who are just gambling casually, not involved gambling activity in exchange transactions.

I can assure you that it's not, in reality. I used to make this mistake in the past and withdrawing from a gambling site to exchange was mostly okay, but one time I encountered a tedious and lengthy KYC process on a site that never required KYC otherwise.

Even though you can lose a bit on additional transaction fee, I'd recommend to withdraw to your wallet first, and then to an exchange.

What should we call them anyway?
Because, IMO you just defined the word "ignorant". Lacking of knowledge, because they haven't read the company TOS first.
I'd admit it, sometimes I do not read the whole content of the TOS and so as a result I can call myself Ignorant to things I didn't know that violates the use of such platform.

"Ignorance of the law excuses no one." That will always apply.

Maybe that people who use coins.ph does not know or read all of the rules so they still use that site to make a transaction. But once their account gets a block, they are confused about how it could be. I am sure that if they know for sure about that, they will not use that site to send or receive any transaction from the gambling site.

Centralized exchange have their own ways to detect this one, better to learn from no on not to use any of them because they can track you and of course they can freeze your account anytime they want. There's a lot of other options to withdraw and deposit to you crypto gambling account, choose the less risk option even if its too slow or even it pays you more fees, its better to be safe than to cry later on.

I believe they have the capacity to trace the transactions, for an exchange, I guess it's easy to know if the wallet belongs to the exchange or to a gambling site. So if both are registered, then there's no problem with tracing, and the problem only is on the users who violated the rules of using the platform.

Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.

It's easier if both businesses are registered as they can easily track down
all the transactions and sort which are those who violated their rules.

Easy for these companies as they need to comply with the government to avoid having problem with their business permits.


Mixers are the best option if you don't want to track any transactions that you need to take.
safer than trying your luck not to suffer from frozen account.

Not just that I think the fact that this message is Poppin up there does mean that you might already be monitored, therefore things might be a little scary, since most sites do not permit the use of VPN and easy to track someone down as well.
They can very easily track your transactions down, if they do know a little about cryptocurrencies and addresses. It would be wise to avoid such situations, if it's banned leave it alone. You don't really have to pay your time in prison for all this, you can rather go to the nearest offline gambling store and gamble there

Good if you can play for the mixer fee, I mean your transaction should be big so you won't feel the transaction fee in a mixer.
When using a mixing service, you pay for the transaction fee in blockchain and fee for the mixer, so this isn't for gamblers who just gamble a small amount of money, the most suitable for them IMO is to use a 3rd party wallet, just avoid sending directly to gambling sites from coins.ph, or vice versa.

They have all the means to monitor an account because we are using their platform (coins.ph), and there's nothing to be scared of if you are not breaking the law, and if you know how to hide your transactions and make it appeared like you are not breaking a law if you try to break it.

As a big business then it wouldnt really be that hard on making out some tracements about looking after those common gambling site addresses or on where those funds would be deposited into.

Dont know on how its been done but its not impossible considering sharing up on the same address which would direct into a particular platform then it could be known whether its a personal wallet,
exchange platforms or gambling sites.

Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.

That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.

Everything is on tracked and if you do get caught by lying then you might really be facing up some serious charges soon because it is against or violations on their terms which you supposedly able to read
up when you are just tending to register of in the site or service.Its better to be safe than sorry because once the government is your enemy then it is something that would really be hard for you
to pass on or resolved into which is why its better to be safe.

Well, there is nothing you can do once they had investigated and proved that the fund that you send to this wallet comes from the gambling site, sometimes the gambling site wallet staff has been detected as a gambling site wallet. We should avoid this in the first place if you really want not to be freeze by them your account. And that is right, there are too many ways if you will push through using fund from a gambling casino to your centralized wallet which is this is a common problem. Even on an exchange, you should also watch out and know about their TOS, and perhaps the only safest way is to use a bitcoin mixer service.

Some are really just in a hurry without minding about the possible consequences that they might experience later on once get caught because government isnt something an easy thing for you to handle out when problems do arise.

If you dont like to tie up yourself into problems then its better to avoid it on the first place if you arent sure if they are prohibiting it or not.Terms and conditions is always free for you to read up if you
do have doubts.

Some service doesnt mind about gambling activity but mostly are way too strict when it comes to this.

While it is obvious this is something that we do not like at the same time it was to be expected, there are many exchanges that do not like for their users to send their coins from their wallets directly to casinos so the only thing you need to do is to follow their regulations, I know it is going to cost you more money to send your coins from the exchange wallet to a wallet you control and then to the casino, but if that is what you must do in order to avoid getting your account banned then that is what you need to do.

Damn the sole reason you do not use a centralized wallet is because of these situations. You can use your own wallet and send the coins and the authorities are not going to monitor them. In my country there is no restrictions for gambling and never will be but for countries that are prohibited from gambling online you just avoid using centralized wallets when you can create your own wallet.

The problem is if you cannot exchange your bitcoin due to lack of outlet, there's no way our coins will be monitored if it's directly sent to our wallet since it's not regulated, but centralized exchange especially the local exchange is different because you exchange your crypto assets to fiat and the government would like to know the source or nature of transaction so you will be tax accordingly.

In this case, it's gambling and it's prohibited, you'll not be taxed but you'll be charged with a violation of the law.

There's a new update on coins.ph now.

A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700

Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?
This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.

You can put false information if you want, they would not know it right away, but the moment they conduct an investigation, then that's the time you have to pay for the false information you put as you are  asked if the information you provided is correct before you get that transaction verified.

^ No, I will not suggest this, it could be your wallet account is in danger when they ask for proof that you are the same owner of the wallet. What if the local wallet staff will ask for a signed message because you give the wrong information you have a chance that you will lose your BTC in your wallet account. I think it is time to leave that wallet even how convenient it is to use in your country, I never heard such a requirement in a local wallet, that is too much and I think, KYC/AML verification is enough.

Putting false information might really resolved temporarily but as mentioned that once they do ask out for some verification or had done some investigation then you're fucked up.How about those people make out transactions from exchange to exchange transaction? Specially with p2p where you do sent out your funds into.

This makes the situation more complicated because not all the time you would really be asking those sellers information if you do intent to have inbound transaction.
This is way too hassle and i would suggest that better leave out this local wallet because it is too shit that they've been asking too much.

That is already private and confidential. What the hell BSP is doing. I don't blame the coins.ph here but the hard regulations of Bangko Sentral. Coins.ph just following the law and terms given to them.

There are more reasons now to stop using the exchange in terms of crypto transactions. That was too much.

I will now mostly used coins.ph limited to my fiat transactions only whenever I reached the limit of GCash.

You can make use of GCASH or PAYMAYA with big monthly limits and they arent really that strict once you had upgraded your account but this coins.ph is total shit on asking out too much information
from inbound to outbound transactions which is really already crossing the line.It is really time to stop on using this local wallet, it is normal that they would need to follow on what
government had ordered them since its regulated then they dont have choice.

It is kinda shocking and surprising for me to know this news. The same as you, it is the first time I know a local wallet/exchange ask users to give them the information of the sender. Does it make senses? And how the exchange can verify about the sender's information? I think coins.ph will start losing their users because of this new terms. Hopefully others wallet/exchange will not try to implement the same as coins.ph.

Last week this was not the case, I've transferred my rewards coming from Coindragon without this form now just last night I have this form and I already set it to my coins.ph wallet I am not aware of this, they should have sent a newsletter first, I am aware of sending but not on receiving  I have no choice but to fill one of my exchanges and hoping that they will not trace it.

Next time I will transfer it to my desktop wallet before sending it to Coins.ph

That wasn't new but maybe coins.ph is now asking the majority of their users about it.

Back in my Chipmixer Signature Campaign days, and I think I posted and shared this to coins.ph thread, on my second video interview, they pinpoint a transaction on my history to where it came from. I responded that it was a freelance payment but never did they ask the specific source. No follow-up questions were done. I was able to answer them about my financial status since I was employed and I even show them my Income Tax Return. The interview lasted for 15 minutes. The next yearly interview never mentioned any crypto-related stuffs but just an update to my submitted documents.

Just recently, I received another enhanced verification request on which I will ignore now because of inconvenience on my part. There are more alternatives now so will refrain from using coins.ph for now.

That's right, if we feel we cannot keep our privacy anymore and we might be questioned in the future regarding our transactions, then probably it's wise if we just stay away from using coins.ph, I think we have the same platform that is not so strict as coins.ph, let's use that as an alternative, like Binance p2p.

Coins.ph requires an annual KYC update with video interview to maintain your limits or else they will put your account limits to custom limit which is pretty low. Coins.ph is scary to use right now compared on there early stage. Maybe competition and regulators makes them very sensitive. I heard many complains on social media that there account was locked if you didn't do the KYC. BinanceP2P is really the best alternative to this app if you want a hassle free transaction and for peace of mind.

Why not use Binance P2P instead?

You are literally wasting a lot of transaction fees just to avoid the verification process, even if we assume you are attempting to obfuscate your funds by transferring your money from a gambling site to a personal wallet and to coins.ph, keep in mind that the tx fees add up, and so does the ugly spread when converting crypto to fiat.

Use a hotwallet like Bluewallet to receive your payments from a gambling site together with Binance P2P to enable you to transfer funds in between whenever you need some fiat.

I agree with Binance P2P, a good thing it has existed as it really saves us users of coins.ph that does not anymore like the strict verification process. Now, you have to verify every transaction like you are an accountant recording all the transactions.  ;D

Haven't heard of Bluewallet yet, but I see good reviews about it as I'm reading it now, I think I'm gonna try this one.
As of now, I'm only using electrum for my in-between wallet.

If someone who doesn't follow their rule, they have complete freedom to lock the accounts that don't want to comply.

That's why one reason you should only trust the exchanges where you want to comply with your identity if ever you have no choice and can't find those exchanges that don't require.

But luckily, there's still binance as you guys have been telling.

It will hit participants of gambling signature campaigns that use Coins.ph, they have the option to send it to their favorite exchange because Coins.ph will not questions funds coming from an exchange, the most popular of which is Binance then send it to Coins.ph, users cannot do anything about it they are compliant to BSP and AMLA, Coins.ph is very popular among Filipino users, you can trade your Cryptocurrency to fiat and send it to your bank or favorite remittance center.

If you don't have any problem with verifying your account with Binance, then it's good to use it as alternative instead of circling your funds from gambling site to your hot wallet.

You save both time and fees, which is not considerable if you are just receiving your campaign fund.

The issue with Coins which is really annoying now, both deposit and withdrawals you need to comply answering informations, by failing to comply means risk with your account.

It's good to use Binance if you are transacting using XRP because you don't need to pay for the high transaction fee sending your coin to coins.ph, however for bitcoin, I think the fee is still expensive though the network fee now is already cheap. Not sure how much is the withdrawal fee of Binance now, last time, I guess it was 0.001 btc.. I can't remember the last time I access my Binance account for BTC withdrawal.

Video interview? Wow, that will be too strictly more than in the banks and I think the other exchanges do not use this way to process the verification for their members. I guess their regulator is forcing them always to check and verify manually for the new members who want to use Coins.ph. I do not think that is good for the people who want to use the site and maybe they will lose their members because of that. Yes, Binance P2P is still the best solution for this matter.