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Author Topic: Do you have any problems with your online wallet  (Read 2264 times)
Blitzboy (OP)
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November 10, 2016, 06:20:25 PM
 #1

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever

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November 10, 2016, 08:16:47 PM
 #2

I heared about it yesterday. It's not a nice feature of your wallet, I suggest you to change to another online wallet, there are some of them.

I use Blockchain.info, it's a good wallet, never had any problem with that and they don't complain if you want to spend your money gambling. No one wallet should complain about it, because Bitcoin was made to be a free and anonymous currency and this wallet is disturbing the freedom ideology of Bitcoin and crypto-currencies.

 
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November 11, 2016, 06:24:19 AM
 #3

You can either try blockchain.info wallet or electrum desktop wallet both don't care much about KYC policy and you are free for any type of bitcoin transaction, they don't care about those things.
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November 11, 2016, 07:32:34 AM
 #4

Why they are against gambling? O.O If it's your money, you can spend where you want! Just download an PC wallet and be happy, I still don't know why people that use bitcoin lose their time with 3rd party services. Be your own bank.
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November 11, 2016, 08:47:02 AM
 #5

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever


You cant do anything about   it because  its against  on their ToS. Its  not  just  coinbase but there are wallets   still prohibits  gambling  like  circle  and coins.ph,  these  online wallets  do  prevent  people   on  using  it  on  gambling  purposes. If  you  do gambling then its better to   use   other wallets  like  blockchain because they  dont have any restrictions  regarding  on these  things.

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November 11, 2016, 08:52:17 AM
 #6

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever

Coinbase have a right to deny accepting bitcoins fro gambling since I think it is only because tey are complying to their countrys' rule.
Use xapo or blockchain instead if you want a web wallet. If you want complete freedom and access to your wallet use electrum , multibit or mycelium in mobile. It is more secure.

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November 11, 2016, 10:04:42 AM
 #7

I don't gamble and I don't use coinbase wallet so I don't have these problems. But I know that some wallets and exchangers don't support gambling so you might have problems.
I use blockchain and mycelium wallet and I don't think they have such restrictions. So maybe that you open another wallet.

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November 11, 2016, 12:08:28 PM
 #8

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever
You may choose another giant for online wallet providing services : Xapo. I believe they will not bother like where you are spending your bitcoins. But they in recent times enforces the verification services more strictly. Once you cross $3000 over all transactions with them you need to submit them your verification documents to continue with them.
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November 11, 2016, 12:14:16 PM
 #9

I am using blockchain.info wallet and I am not facing any peculiar problems with them yet. Even I will face any in future, I will simply export and import my private keys into another wallet types and hopefully I will not have any problems with my savings.

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November 11, 2016, 12:27:36 PM
 #10

As you said, my coinbase account was banned and blocked because i withdraw few satoshis from gambling sites. I didn't knew that before. That were the newbie days. Now, I would recommend using only desktop wallets instead of some other third party wallets. Another problem with coinbase is that you are not the owner of your addresses' private key !
I would recommend desktop wallets like electrum, etc.

I am using blockchain.info wallet and I am not facing any peculiar problems with them yet. Even I will face any in future, I will simply export and import my private keys into another wallet types and hopefully I will not have any problems with my savings.
If you encounter any problem, like account hacked,etc , even having the private keys would not help as the funds would already had been transferred.

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November 11, 2016, 01:13:59 PM
 #11

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever


it is not a random function that you can add or remove as you please! when you run a business or a service in a country you have to still follow the laws of that country and since coinbase is located in US they have to abide by law and the law there says you are not allowed to gamble online or something like that .

besides you shouldn't even be using coinbase as a "wallet" in the first place even if they let you gamble.

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November 11, 2016, 01:29:52 PM
 #12

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever

That's the same as coins.ph. They also have a policy that they can block your account if the funds came from a gambling site. It's really inconvenient because you should be able to use your money no matter how you want it. Anyway, you can always put your money in blockchain first and then transfer it into your coinbase wallet so the sender address wouldn't be the gambling site's.

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November 11, 2016, 05:22:47 PM
Last edit: November 15, 2016, 06:53:39 PM by Kevin77
 #13

If i had a chance to redesign coinbase, i would remove this function forever
It is not a function, it is just their policy. When you are not comfortable with a service, all the options you will be having must be simply quitting them. Instead of getting locked with your funds, quitting well in advance would be bit wiser.
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November 11, 2016, 05:46:44 PM
 #14

Blockchain.info is down at times, and their new interface is pretty bad. I've switched to Electrum now because of it, so yes I have problems with my online wallet. If you want to use coinbase and gamble, use Coinbase -> Blockchain.info address -> Gambling site.
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November 11, 2016, 10:06:28 PM
 #15

Yep, sending and receiving funds from gambling sites is strictly against coinbase TOS. This would quickly cause your account to be frozen.

If you're so fixed on using web wallets then, As others have suggested, blockchain.info does not restrict sending and receiving from casino sites.But they do have fees.

If you are, however, looking for one that does not have fees like coinbase, xapo is another option. AFAIK, they also do not restrict use with casino sites. They pay for the fees, same as coinbase.
But, they usually require verification and also, do read their TOS since they're pretty well known for freezing accounts.

If you don't want to go through all these, there are the better options like desktop wallets or mycelium for mobile. You have complete control of your keys. You do pay your own transaction fees of course.

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November 12, 2016, 02:25:33 AM
 #16

I'm using blockchain.info to deal with low ammounts because it's not recommended to use with a lot of money... I saw the website offline maybe 2 or 3 times but they come back fast. I have nothing to complain about. And I never used coinbase and will never use after reading this thread.
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November 12, 2016, 07:06:08 AM
Last edit: November 12, 2016, 07:26:01 AM by bL4nkcode
 #17

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever

I was heard it months ago that its one of the problem of coinbase user to those who use coinbase wallet address in receiving bitcoin from any gambling site. I used this service months ago but I leave it when I heard so many complaints about closing there accounts.from coinbase and now I'm currently using mycelium and coins.ph but I never faced any problem with it.
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November 12, 2016, 07:40:44 AM
 #18

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever

You won't change Coinbase, but you can choose a better wallet for yourself. Coinbase should only be used to purchase coins, not to store them.
And it is not like you have no choice and must use Coinbase or something. If you insist on using online wallet the only serious choice is blockchain.info.
I never heard of any case where blockchain.info closed/suspended/froze account of anyone for using Bitcoins for gambling or any similar activity.


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densuj
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November 12, 2016, 07:46:16 AM
 #19

I am currently using coinbase.com as a bitcoin wallet for myself and i find it a little bit inconvenient because Coinbase's system try to prevent people from gambling. They can block our account if we gamble too much. If i had a chance to redesign coinbase, i would remove this function forever

I have tried to opening account on coinbase, unfortunately this service is not support my country and not all of countries be supported by coinbase, should coinbase try to give chance for other countries and it will make their service become more growing, it is my big problem when use coinbase and i don't like it.
erikalui
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November 12, 2016, 09:25:45 AM
 #20

I have a problem with my xapo wallet. It doesn't load with slow connections anymore (it used to load fast earlier even with my slow internet connection) nor does its app send me a verification code for login purposes. Coinbase works well but sometimes due to blockchain delays, the transactions do not even appear on the network which sometimes is a concern for me while trading.

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