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Author Topic: Crypto wallet services  (Read 326 times)
traderethereum
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May 04, 2019, 04:10:23 PM
 #21

You mean a third party to deposit btc when betting online casino? Well, the online betting casino.platform has already provided this and having third party is not really necesary. Just create an account in an online casino betting platform.and send your btc to their platform directly to your account. If anything will not going to go well like losing your deposits the. Show your bitcoin.tracker if it is successful or not. The block chain wi tell amd will never lie.

Third party deposit AND withdraw. Actually I am not casino user, but developer. Of course alternative option is to make full node, but at this point I don't want to invest in that.

To sum up what I've found so far, for others in need:

mycelium - no withdraw, only deposit
coingate
bitpay
coinify
gocoin
bitgo - requires 1mln USD monthly traffic
bitaps

However, most of the services are following gambling regulation rules, which needs merchant verification, anti-money-laundry measures etc.. Moreover, from 1st May there is new regulation, which requires merchant verification even for crypto-to-crypto transactions.
I think bitpay can do the job. I already use bitpay but it's for making a payment to buy a product, and it's connected with bitpay.
But I never know if bitpay can be used for another thing and it's a new thing for me.
I cannot imagine how much money we will use to make a full node.
But hey, what kind of regulation that will be needed for the merchant?

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pachechka (OP)
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May 04, 2019, 04:17:09 PM
 #22

I think bitpay can do the job. I already use bitpay but it's for making a payment to buy a product, and it's connected with bitpay.
But I never know if bitpay can be used for another thing and it's a new thing for me.
I cannot imagine how much money we will use to make a full node.
But hey, what kind of regulation that will be needed for the merchant?

Bitpay terms says:

Quote
If your use of the Services relates to one of the following restricted activities, your activities are subject to internal review and you are only allowed to transact when expressly authorized by BitPay in writing:

Transactions that involve gambling or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, and sweepstakes, unless you have obtained our prior written approval and you and your customers are located exclusively in jurisdictions where such activities are permitted by law.

Casino owner need lawyer to steer this properly.
nakamura12
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May 04, 2019, 05:00:02 PM
 #23

What exactly are you looking for since the best answer as of now is to use moneypot as stated by other people. You stated that you are a developer then my suggestion is you create a wallet service on your own then it will be a big hit for people like you who are looking exactly as you looking for but for now moneypot is the best option and yet only accepted to few gambling sites and other platforms.

Nakamura12 Sig Space and Avatar 4 Rent
Osarman
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May 07, 2019, 06:28:01 AM
 #24

You mean a third party to deposit btc when betting online casino? Well, the online betting casino.platform has already provided this and having third party is not really necesary. Just create an account in an online casino betting platform.and send your btc to their platform directly to your account. If anything will not going to go well like losing your deposits the. Show your bitcoin.tracker if it is successful or not. The block chain wi tell amd will never lie.

Third party deposit AND withdraw. Actually I am not casino user, but developer. Of course alternative option is to make full node, but at this point I don't want to invest in that.

To sum up what I've found so far, for others in need:

mycelium - no withdraw, only deposit
coingate
bitpay
coinify
gocoin
bitgo - requires 1mln USD monthly traffic
bitaps

However, most of the services are following gambling regulation rules, which needs merchant verification, anti-money-laundry measures etc.. Moreover, from 1st May there is new regulation, which requires merchant verification even for crypto-to-crypto transactions.
I think bitpay can do the job. I already use bitpay but it's for making a payment to buy a product, and it's connected with bitpay.
But I never know if bitpay can be used for another thing and it's a new thing for me.
I cannot imagine how much money we will use to make a full node.
But hey, what kind of regulation that will be needed for the merchant?
Crypto wallet services are available for any kind of the popular ones coins like BTC, ETH and LTC etc. One can get and store all the coins in a single wallet, make it easy for all users. Furthermore, it offers free transaction service as well but it has limitations and restrictions as well. If it surpasses its range then you must pay transaction cost. Other than this, the transaction cost is low as compared to other wallets so such wallet services are in our benefit but we need to find them as crypto industry is building day by day.
goaldigger
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May 20, 2019, 10:21:03 PM
 #25

Are there any services around, providing wallets for BTC, ETC and other currencies which can be used by gambling site to deposit/withdraw/exchange crypto from users, without actually implementing connection to crypto network?

If im not mistaken, every wallet is eligible to have a gambling site connection. The most important thing the gambling site will ask is the BTC or altcoins address to deposit or withdraw the prize. Or maybe you are pertaining to some gambling related ICOs which can be helpful in gambling.

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squatz1
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May 25, 2019, 05:58:54 PM
 #26

The best wallet to use in a circumstance like this is just going to be your own wallet, one which you fully control and have the private keys too. It's not going to make sense to use an exchange wallet, as you're going to get shut down very quickly if you do this.

I know most of the big exchanges, Gemini, Coinbase, Kraken, etc -- are going to ban you from their services if they see you deposit and withdraw (to their addresses, without another wallet in between) to gambling sites. They're going to be required to do this by law, and they don't want to face the scrutiny of the government for not doing it.

Just make a wallet on Electrum and send your deposits to there (mix it if you want, though probably not required) then use this as you please.




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reda
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May 25, 2019, 07:27:14 PM
 #27

Really you are out of mind that is what I want to say about this thread to OP. You can use any wallet to deposit and withdraw the fund or else if you are comfortable for the gambling site wallet and you feel that it is secured, please use the same.
Most of the gambling site has the 2FA option so use it keep your fund secured.
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May 25, 2019, 07:30:32 PM
 #28

The best wallet to use in a circumstance like this is just going to be your own wallet, one which you fully control and have the private keys too. It's not going to make sense to use an exchange wallet, as you're going to get shut down very quickly if you do this.

I know most of the big exchanges, Gemini, Coinbase, Kraken, etc -- are going to ban you from their services if they see you deposit and withdraw (to their addresses, without another wallet in between) to gambling sites. They're going to be required to do this by law, and they don't want to face the scrutiny of the government for not doing it.

Just make a wallet on Electrum and send your deposits to there (mix it if you want, though probably not required) then use this as you please.
Agree with this answer.
Use a wallet which you can download and use on your desktop just like electrum. Because then you dont run into issues as the above user from a few posts above mentions with in bitpays terms and services which to use their service for gambling is prohibited. Just like what coinbase does to the accounts they find sending funds to gambling sites.
Atleast with a wallet right on your pc your dont have to worry about where you send your funds too and possible loosing access to them and your account due to crossing their terms of service agreement.

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