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2 consecutive days of stake attacking threads, doesn't that sound coordinated?

I have somewhat the same issue though with my local crypto wallet that asked my source of funds, they don't accept earnings from online employment agreement which they prefer to look into a salary record with my IDs on it. Maybe they are just complying what government told them. I uninstalled that wallet after it.

If it's worth claiming (either fund wise or spite wise) have you checked to see if you can file a tax return and if they'll accept one. From what I've read about proof of earnings for the UK, it looks like the second most document that's used for things like this (the first being letters of proof from a person's employer).

I have asked support and they have confirmed that they do not deem any crypto earnings as legal and valid source of income apart from income made through mining.

That’s correct. If the amount worth it then he could probably go for notarised documentation duly signed by legal representative. This is also one of the solid proof for such work and it adds up the legality since it is witnessed in front of the legal which is far more strict.

2 consecutive days of stake attacking threads, doesn't that sound coordinated?

I have somewhat the same issue though with my local crypto wallet that asked my source of funds, they don't accept earnings from online employment agreement which they prefer to look into a salary record with my IDs on it. Maybe they are just complying what government told them. I uninstalled that wallet after it.

I just found out about this from you, OP. how come crypto casinos don't recognize crypto income as you do?

it will make you uncomfortable if you do not succeed in verifying your claim. funny if what is considered legitimate is only income from mining.
I know this is Stake's policy. but, even the local exchange I use also accepts crypto income like trading. does not intend to further interfere with the rules established by Stake. but it looks like this certainly needs clarification.

If they start to distrust you, close the account, go somewhere else. I think their rules starting to give you this kind of special attention will lead you to the verification procedure to the next level of complication. Don't mean to go against Stake's policy, to me it's already not very comfortable to bet long term for any casino.

If it's worth claiming (either fund wise or spite wise) have you checked to see if you can file a tax return and if they'll accept one. From what I've read about proof of earnings for the UK, it looks like the second most document that's used for things like this (the first being letters of proof from a person's employer).

Who said he is from UK ?
Also for UK residents they cannot open account at Stake.com.  they can open at another domain stake.co.uk with different regulations.

However  Stake became more strict since the owners made tons of money now all they care about is the legal
Part and the regulations . Aslo since they added the Fiat for deposit or withdrawals  Stake is no more a crypto casino its just a casino that accept crypto

i wonder though, the crypto earning that they themselves make from all the crypto deposits, do they consider themselves to be illegal too?

because they're not mining either.

I just found out about this from you, OP. how come crypto casinos don't recognize crypto income as you do?

it will make you uncomfortable if you do not succeed in verifying your claim. funny if what is considered legitimate is only income from mining.
I know this is Stake's policy. but, even the local exchange I use also accepts crypto income like trading. does not intend to further interfere with the rules established by Stake. but it looks like this certainly needs clarification.

Sales of shared or other investments / liquidation of investment portfolio / bonds

Same with me from Cex.io located in UK,we don't consider earnings from different websites as valid source of income,also I sent them proof of mining and they ignored that too by claiming to not be valid while I sent them,pictures and videos,something which I regret deeply as I invaded my privacy by doing this.

However regarding Stake I have seen people withdraw huge amounts of money in Stake without problems,I know Stake is the top casino at the moment with huge offerings and bonuses and most likely that is why only newbie accounts start threads about having issues with them.

I earn my money from trading, selling some services and sometimes airdrops and stake tells me I am invalid

This is a weird case. It's tough to believe Stake not recognising crypto earnings just like some of the posters above mentioned op which is why proper proof is the only way to clear all of these doubts completely.

If you manage to legitimise your claims, Stake would definitely need to clarify themselves in this case since it's ironic that a crypto casino wouldn't recognise crypto earnings.

I have asked support and they have confirmed that they do not deem any crypto earnings as legal and valid source of income apart from income made through mining.

You can use one of the following documents to verify your source of funds:

    Salary ( You will need to send us a recent bank statement indicating receipt of your salary or original of your payslip )

    Sales of shared or other investments / liquidation of investment portfolio / bonds ( You will need to send us a bank statement clearly showing receipt of funds and investment company name or interest on bonds received )

    Sale of property ( You will need to send us a copy of the contract of sale and a bank statement showing the proceeds of the sale )

    Inheritance ( You will need to send us a copy of the deceased's will, and a bank statement showing the received funds, along with your current balance )

    Company sale ( You will need to send us a letter detailing company sale signed by a licensed solicitor or regulated accountant on letter-headed paper )

    A Gift from a family member or close relative ( You will need to send us a donor's letter explaining the reason for the gift and the source of their wealth. Also, we will require certified identification documents from donor )

    Winning the Lottery ( You will need to send us a receipt of winnings and documentation e.g. bank statement showing the origin of the funds initially deposited )

    Divorce settlement ( You will need to send us a divorce settlement agreement and bank statement clearly showing receipt of funds )

    Loan ( You will need to send us an executed copy of the loan agreement and a bank statement showing the received funds along with your current balance )

    Mining ( You will need to send us a ledger of the amount of cryptocurrency mined, as well as a wallet address and transaction hash to which the mined cryptocurrency was delivered )

I agree especially since Stake runs a signature campaign and they pay something like $200 a month to people who post with their signature. That's a fair amount of money and they should assume that people can work this way for other businesses and then spend the money gambling on their platform. It would be pure hypocrisy if they started banning people for gambling with money they earn on this forum.

I saw OP's screenshot and feel like it's still an open case. We'd need to see the conclusion and the answer from their legal department to know what's really up because the support doesn't seem to know what their final decision will be.

I'm afraid to think you're a little bit too naive IMO. If it was just a matter of regulation, ramanlop0 would have not been allowed to deposit his money there and to gamble it until reaching the platinum 4 rank that requires $2,500,000 to be wagered according to this page https://help.stake.com/en/articles/4793501-stake-vip-program-overview
The bear market has hit many crypto companies, Stake could be one of them and could encounter difficulties to pay out customers winnings now.

IIrik11's comment is right. And we can also wonder why do they accept deposits without asking anything if some origins of them are not valid for them? Why there are only issues for withdrawing those funds?

<...>
I have asked support and they have confirmed that they do not deem any crypto earnings as legal and valid source of income apart from income made through mining. This means if you are a service provider, a seller or simply a trade you cannot provide proof of funds at stake as they only deem mining earnings as legal and everything else is illegal and invalid.

https://i.imgur.com/GYTC70i.png

I earn my money from trading, selling some services and sometimes airdrops and stake tells me I am invalid

I agree especially since Stake runs a signature campaign and they pay something like $200 a month to people who post with their signature. That's a fair amount of money and they should assume that people can work this way for other businesses and then spend the money gambling on their platform. It would be pure hypocrisy if they started banning people for gambling with money they earn on this forum.

I saw OP's screenshot and feel like it's still an open case. We'd need to see the conclusion and the answer from their legal department to know what's really up because the support doesn't seem to know what their final decision will be.

You can use one of the following documents to verify your source of funds:

    Salary ( You will need to send us a recent bank statement indicating receipt of your salary or original of your payslip )

    Sales of shared or other investments / liquidation of investment portfolio / bonds ( You will need to send us a bank statement clearly showing receipt of funds and investment company name or interest on bonds received )

    Sale of property ( You will need to send us a copy of the contract of sale and a bank statement showing the proceeds of the sale )

    Inheritance ( You will need to send us a copy of the deceased's will, and a bank statement showing the received funds, along with your current balance )

    Company sale ( You will need to send us a letter detailing company sale signed by a licensed solicitor or regulated accountant on letter-headed paper )

    A Gift from a family member or close relative ( You will need to send us a donor's letter explaining the reason for the gift and the source of their wealth. Also, we will require certified identification documents from donor )

    Winning the Lottery ( You will need to send us a receipt of winnings and documentation e.g. bank statement showing the origin of the funds initially deposited )

    Divorce settlement ( You will need to send us a divorce settlement agreement and bank statement clearly showing receipt of funds )

    Loan ( You will need to send us an executed copy of the loan agreement and a bank statement showing the received funds along with your current balance )

    Mining ( You will need to send us a ledger of the amount of cryptocurrency mined, as well as a wallet address and transaction hash to which the mined cryptocurrency was delivered )

what if i found some money lying on the street? i can't gamble with it because i don't know where it came from?

why don't they say we won't allow u to play if u can't provide the source of your funds? it is only after u have won and try to withdraw that they get so worried about these things.

Are they confiscating your funds? Or did they tell you to withdrawal your funds you are no longer accepted on the site? Those are 2 completely different things and the whole scene needs to be painted in the correct light.

Stake asked the OP to provide his source of funds statement. They have suspended his account and requested for those documents. OP will be able to access his account again if he can successfully go through the verification process.

I am telling my problem and I still love stake but they should change their terms

This is surprising for all of us, as they only accept profit in mining as the only source of income they can accept in Cryptocurrency when in fact the market is so huge that you can make money in hundreds of ways here in Cryptocurrency, this will not be the last time it will happen because not all gamblers are miners, I believe many of us are traders and investors or developers there is more money to make on these three niches than on mining now, they should have a change of their terms and include other forms of earnings.
Let's see what will be the outcome of this issue, this is interesting to follow.

Decentralized exchanges are also like that and any regulated institutions. When you're a whale trader and reached a point where they ask for an enhanced verification, you should never tell that your source of funds are from crypto earnings or else it will just complicate things. As long as you don't have documents verifying your source of funds, they won't believe whatever your story is.

2 consecutive days of stake attacking threads, doesn't that sound coordinated?

I have somewhat the same issue though with my local crypto wallet that asked my source of funds, they don't accept earnings from online employment agreement which they prefer to look into a salary record with my IDs on it. Maybe they are just complying what government told them. I uninstalled that wallet after it.

Decentralized exchanges are also like that and any regulated institutions. When you're a whale trader and reached a point where they ask for an enhanced verification, you should never tell that your source of funds are from crypto earnings or else it will just complicate things. As long as you don't have documents verifying your source of funds, they won't believe whatever your story is.

So it makes more sense that in those instances Stake is more strict on their requirements compared to the verification a small gambler needs to pass.

Why they consider mining could be that you have your mining equipment which cost much already and  you Will continue to mine irrespective of the bear or bull of the market.

KYC verification for higher level gamblers makes sense for obvious reasons, but asking op to provide his source of funds doesn't really make much sense. Deeming mining as the only legal source of crypto income makes things worse.

I also hate this part of online casinos. Most of the online casino doesn't ask the user to submit these personal documents during registration. But suddenly they apply these terms to some users. I have found at least 30 casinos who reserves the right to ask for the source of funds documents (see here (https://bitcointalk.org/index.php?topic=5381143.0)). I doubt that any casino will consider crypto earnings as source of funds. Casino will ask for the bank statement at least.

No casino will allow you to withdraw always if you don't wager with your deposits. Where you have done it couple of times at Stake (based on your initial post). Every casino will consider it as money laundering activity.

I'm wondering why you are thinking it in this way! No reputable casino will ban your account if you win on your large bets. They will only ban you if you do it by cheating. Stake or any other casino will lock your account if you continuously win on big bets with suspicious activity. They will unlock your account if your winnings are legit.

~snip~

Stake asked the OP to provide his source of funds statement. They have suspended his account and requested for those documents. OP will be able to access his account again if he can successfully go through the verification process.

If it is so, they're stealing from OP. They have no right to keep his money regardless of whether he can prove it was earned by him through mining or whatever else.
Imagine that he was given this money for free and cannot prove that it's legit, it's still his money. No company has the right to act like a judge and jury and steal that.
I don't know how Stake will approach this but there's only 2 legal ways. Either they accept the money, or return it back to OP.

Whats the reason for suspending the account, what did they say?

I have somewhat the same issue though with my local crypto wallet that asked my source of funds, they don't accept earnings from online employment agreement which they prefer to look into a salary record with my IDs on it. Maybe they are just complying what government told them. I uninstalled that wallet after it.

The way I see it, Platinum 4 is a high rank with a high amount of wager requirement. With that amount of money for gambling, it should be pretty easy to prove your source of funds (for most whales) since you are expected to have six+ figures job, legitimate businesses, etc. Without that proof, there are only drug dealers and the like. Trading should be fine though if you have the record, should be treated fairly similar to this:

Source: ToS

Just curious here too, maybe he deposited big and Stake finance team tracked it back to shady original crypto adress. Maybe OP has deposited big in short timeframes or used prepaid debit card on MoonPay that is main cashier partner of Stake.

...

I have asked support and they have confirmed that they do not deem any crypto earnings as legal and valid source of income apart from income made through mining. ...
https://talkimg.com/images/2023/11/14/zMpYJ.png

I earn my money from trading, selling some services and sometimes airdrops and stake tells me I am invalid

This is the shittiest statement i read from a reputed platform today if they are following some regulation then it is stupid too how come it was approved.

So now, they only see miners as legal crypto jobs/works others are all illegal, what kind of brain they have.
The assumed money laundering isnt the case, he probably will got a reply about that

Just the sae question i was abiut to ask, what i can deduce from the op's statement is the fact that he may have been involved in some money laundering activities that have led to the stake asking him for such legal documents as proof of funds.

Hello friends, I am a platinum 4 player at stake.

Today my account was suspended and I was asked to submit proof of funds as I am already verified upto level 3 and proof of funds comes in as level 4

I have asked support and they have confirmed that they do not deem any crypto earnings as legal and valid source of income apart from income made through mining. This means if you are a service provider, a seller or simply a trade you cannot provide proof of funds at stake as they only deem mining earnings as legal and everything else is illegal and invalid.

So if you have money at stake.com and you don't have any of these ready (https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds) , please withdraw your money right now.

It is really confusing why stake is disrespecting people who work hard and earn their money from small crypto tasks

https://i.imgur.com/GYTC70i.png

I earn my money from trading, and selling some services and sometimes airdrops and stake tells me I am invalid

2 consecutive days of stake attacking threads, doesn't that sound coordinated?

If it is so, they're stealing from OP. They have no right to keep his money regardless of whether he can prove it was earned by him through mining or whatever else.
Imagine that he was given this money for free and cannot prove that it's legit, it's still his money. No company has the right to act like a judge and jury and steal that.
I don't know how Stake will approach this but there's only 2 legal ways. Either they accept the money, or return it back to OP.

Nope, Stake didn’t mention that only mining is acceptable as source fund in crypto. They just do site an example for this case but anything that can have valid proof is ok with them for example trading. He can request for notarized document for his trading history as source of his fund his trading volume is sufficient to tally on the original deposit that he made on the casino account. OP is just making this issue worst by assuming that Stakes on accepts mining as source of income in crypto.

What the heck are you talking about? Op clearly mentioned that they deemed mining earnings as the only acceptable form of crypto earnings and even shared a screenshot to prove his statement.

It's pretty evident that Stake is in the wrong here which is why they should rectify this issue asap in my opinion.

So depending on the amount of money involved, it can be understandable why they are not accepting trading, provision of crypto services as a genuine prove of funds.

Sounds lame to me,

It's understandable that they just want to follow some certain regulations but that's too much of BS to consider.

I just started gambling on stake and managed to pass my kyc level 2 verification some few days back, I don't even know if I've made it to platinum one, so I honestly don't know what it takes to be a platinum 4 ranked gambler on stake, but my guess is that, it must require gambling with lots of funds to achieve such rank, and also consider the fact that there is a limit to the amount of money a person can make through trading, and providing crypto services.

So depending on the amount of money involved, it can be understandable why they are not accepting trading, provision of crypto services as a genuine prove of funds.

@OP, If you have businesses or other investments outside crypto, then maybe you should try using that/those as a prove of fund.

Well, if they are asking you to clarify the origin of the deposited funds they must have found something suspicious. Always remember that you can have in your possession "Tainted coins" and this can generate red flags to be raised. For instance, if someone sent you some coins to pay you for a service and these coins were coming from a mixer they can possibly raise an alert. Given that the coins you have deposited may have been identified as already being used for illicit purposes, Stake's Compliance team may be compelled to act.

Just the sae question i was abiut to ask, what i can deduce from the op's statement is the fact that he may have been involved in some money laundering activities that have led to the stake asking him for such legal documents as proof of funds.

If they start to distrust you, close the account, go somewhere else. I think their rules starting to give you this kind of special attention will lead you to the verification procedure to the next level of complication. Don't mean to go against Stake's policy, to me it's already not very comfortable to bet long term for any casino.

So depending on the amount of money involved, it can be understandable why they are not accepting trading, provision of crypto services as a genuine prove of funds.

@OP, If you have businesses or other investments outside crypto, then maybe you should try using that/those as a prove of fund.

The way I see it, Platinum 4 is a high rank with a high amount of wager requirement. With that amount of money for gambling, it should be pretty easy to prove your source of funds (for most whales) since you are expected to have six+ figures job, legitimate businesses, etc. Without that proof, there are only drug dealers and the like. Trading should be fine though if you have the record, should be treated fairly similar to this:

Source: ToS

Anyway, there's nothing to worry about for small-time gamblers since who cares about the origin of $100? It is only applicable to whales.

The thing is, OP is already at the level 3 and why there’s a sudden change?
Probably OP tried to deposit huge amount of money and that trigger the stake to investigate the account. Maybe Stake can do something about this, they can easily know if OP is a real gambler who already spend a lot of money on the platform. There’s no way for OP to let go of that money, the only option is to negotiate or comply with the requirements, show them your proof of trades and maybe that can work.

Not easy with closing account have reach platinum 4 and actually I know how much money spent by the OP before reaching almost highest level in Stake. Better what ever incoming fund in stake with huge or little no matter for investigate, maybe stake not safety any more at the future if have problem when huge amount withdraw or deposit need KYC procedure. Maybe OP could try accepted with procedure needed by Stake and hope can get back his account because with platinum 4 have excited bonuses in weekly or monthly.

I don't understand why some of you are looking for excuses to defend Stake in this case when op already provided sufficient proof to verify his statements against them. Forcing him to provide proof of funds in this manner is odd.

They should provide a reasonable explanation as to why they feel that he should provide more proof in order to justify their stance if you ask me.

The thing is, OP is already at the level 3 and why there’s a sudden change?
Probably OP tried to deposit huge amount of money and that trigger the stake to investigate the account. Maybe Stake can do something about this, they can easily know if OP is a real gambler who already spend a lot of money on the platform. There’s no way for OP to let go of that money, the only option is to negotiate or comply with the requirements, show them your proof of trades and maybe that can work.

OP have you tried to summit to Stake proof of your positions and movements on the exchange you trade on?
That should be enough to demonstrate you earned your money through trading in a legal platform which also have your KYC. You could even ask the exchange costumer service to provide a document which states your lawful profits obtained by trading, this document could even include your KYC information which should match with the information held by Stake, in my opinion, that should be enough to convince Stake you are not doing anything ilegal.

Also, this topic makes me wonder: could Bitcoin earned by partaking in Campaigns on the forum lead to the same problems?
Would the spreadsheets issued by campaign managers be enough to prove origin of funds? Or would be necessary a document issued by the casino behind campaign itself to provide such proof of participation?

Sure, he probably could try that, but the question is: why does it have to come to this? Why should he be forced by a platform to show how he traded and where? It's not their job to demand him to show the whole journey the coins in his possession went through. He doesn't have to do that and he still should be able to request the return of his money.

Some businesses have a rule in place that if you don't verify yourself you're unable to withdraw profits earned on the platform, but you are and should be able to (at least according to the EU law) get your own deposit back.

We don't know everything, but I haven't seen any accusations towards OP from Stake about his coins being stolen or tainted like some people suspected. Sure, I'd agree with them if the coins were from a recent hack, or OP was suspected to be a scammer who made another account on the platform he once stole from. So far it looks like he did not submit documents required for KYC and they instead of preventing him from playing, blocked his withdrawals.

Sure, he probably could try that, but the question is: why does it have to come to this? Why should he be forced by a platform to show how he traded and where? It's not their job to demand him to show the whole journey the coins in his possession went through. He doesn't have to do that and he still should be able to request the return of his money.

Some businesses have a rule in place that if you don't verify yourself you're unable to withdraw profits earned on the platform, but you are and should be able to (at least according to the EU law) get your own deposit back.

...

The weirdest part in my opinion is the fact that people behind Stake decisions should be aware that the cryptocurrency community is not only about technology or gambling but also about speculation and they should keep in mind that many of their clients could perfectly life off programming or trading. Trading is such an important part of our ecosystem that it does not make sense for them not to take it as an valid source of income.

We can argue that Stake need to comply with the law and that is okey, but they are also need to take care and look whether legitimate clients are having a good experience, in this case, those who get profit with trading.

If OP is honest and can follow my advise, then that should be enough to convince Stake he is not doing anything illegal.

I don't understand why some of you are looking for excuses to defend Stake in this case when op already provided sufficient proof to verify his statements against them. Forcing him to provide proof of funds in this manner is odd.

They should provide a reasonable explanation as to why they feel that he should provide more proof in order to justify their stance if you ask me.

...If anyone wants to show the proof from crypto then it can be manipulated as there should have no signature, no seal, or nothing which can make it unique.