Sending BTC from Gambling Site to Binance?

[maldini]

There is no problem, at least in my knowledge

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

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

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

[ccsang]

There shouldn't be any problem.

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

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

[2Kool4Skewl]

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

[Question123]

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

[peter0425]

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

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

[PuertoLibre]

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

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

[veekky]

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

[Moeda]

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

[Handsome Boy]

Does anyone know if there is any issue with this? 



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



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

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

[Golftech]

Does anyone know if there is any issue with this? 



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



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

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

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

[ariyzt]

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

[Ayiranorea]

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

[creeps]

I don't think there's anything wrong with that. As long as the BTC address is correct, there is usually no problem. Binance will not limit deposits. Unless it's a gambling website that restricts withdrawals.

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

[Dreamchaser21]

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

[imstillthebest]

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

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

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

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

[cryptoblazter]

Does anyone know if there is any issue with this? 



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



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

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

[Distinctin]

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

[XCANA]

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

[BitcoinTurk]

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

[bones261]

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

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