BTC Sending to Gambling Site Address Question?

[th3nolo]

snip

You are getting things complicated, it is better that you first read this guide, and then decide which method is best for you, if you decide to use a Bitcoins mixer service here you have a list of legitimate Bitcoins mixers services updated in 2019

It is also highly recommended that you read the privacy section in the Bitcoin wiki.

urls:
[Guide] Decent mixing methods - By theymos
2019 List Bitcoin Mixers Bitcoin Tumblers Websites  - By LeGaulois
https://en.bitcoin.it/wiki/Privacy

[1715423262]

1715423262

[1715423262]

1715423262

[1715423262]

1715423262

[CryptoBry]

Or its best if i send the btc to another one of his btc address?  He did tell me he has an exodus btc address.  So better safe to send btc to his exodus btc address... then he send to that gambling site right?

Well, to cut the chase or the story short, I think you just answered your own question. I am confirming and recommending this best option as this can be the safest way for both parties. Why go through the hassle and then develop that feeling of doubt if what you are doing is right or wrong and what are the possible repercussion when there is that safe way to do it?

I am really amaze how come Coinbase is blocking accounts which send cryptocurrency to gambling sites? Is there a law in USA prohibiting such an act? Can someone clarify this thing for me...

[jerry0]

Okay so lot of you seem to be very confused with the details.


I get btc from gambling sites.  I withdraw btc from gambling sites.  I have a coinbase account but i haven't used it because of an issue.  None of the btc i have goes through coinbase.  The person who i sell btc to for bank transfer, he told me last time his coinbase account got closed because he sent directly from coinbase to a gambling site.  Example i sent him bitcoin from my bitcoin wallet to his coinbase bitcoin address.. which is no issue because my btc wallet is my own wallet.  Then he sent the btc directly to gambling site.


The thing is he wanted me to send btc directly to another gambling site account but me send it directly because he no longer has coinbase account.  But he did tell me... you can send it to my exodus wallet instead.  So i thought its probably safer that way right?


Also the gambling site that he wants to deposit btc into, i also have an account in that site as well but i had an account a long time ago.  I also used btc to deposit/withdraw from that site.  But i thought if i deposit btc into that btc address that gambling site ask him to deposit into, i wanted to know... would they be able to tell wait a minute.. the btc coming into us is coming from a btc address that another user previously have used to deposit btc into his account many times.  Does that make sense?  The thing is could they flag that somehow? 


Then again... shouldn't this not matter because i thought of another thing.  Let say some ppl withdraw btc from another gambling site and want to withdraw btc.  Instead of having that gambling site send btc to their btc wallet like electrum or exodus, imagine they have that gambling site send btc to another gambling site they want btc at.  If that is the case, wouldn't that mean that other gambling site would notice they receive btc from users who use the same btc address assuming the other gambling sites pay out btc from the same btc address to their customers?


Also about the mixer thing.  So how long does that take and how much money does it cost extra?  Let say for example i want to send btc from my wallet to a site or say coinbase.  I want it mixed.  How long would this process take and how much would it cost extra?  Its just another btc sending fee and thats all?  So that mean when btc goes to other wallet such as coinbase or anyone, they can't see it originated from my btc wallet?  Then what will the history look like?  Wouldn't it also look fishy to coinbase though because it would look like the transaction is fishy if it was used through a mixer which could have them freeze your account?

[o_e_l_e_o]

Okay so lot of you seem to be very confused with the details.

That's because the thread is now attracting the Cryptotalk spammers who don't actually read your posts or the replies before spamming. You can safely ignore them all.

But i thought if i deposit btc into that btc address that gambling site ask him to deposit into, i wanted to know... would they be able to tell wait a minute.. the btc coming into us is coming from a btc address that another user previously have used to deposit btc into his account many times.  Does that make sense?  The thing is could they flag that somehow?

Yes, yes, and yes. Yes, they will be able to tell the same address is depositing to two different accounts, and yes, that might be enough to flag the account. As I've said already, no one here can tell you if they will definitely flag the account, as without the name of the gambling service, we don't know what their policies are. The only way to get a definitive answer is to look at their Terms of Service and see if multiple accounts are mentioned, or to email their customer support.

If that is the case, wouldn't that mean that other gambling site would notice they receive btc from users who use the same btc address assuming the other gambling sites pay out btc from the same btc address to their customers?

Sure, but it is trivially easy to look at an address on a block explorer and be able to differentiate between a personal address and the hot wallet of some large exchange, gambling site, or other service.

So how long does that take and how much money does it cost extra?

If you use ChipMixer (which you should) then the fee is whatever you want it to be (pay what you like/donation) and it only takes as long as the transaction does. The mixing is essentially instant.

So that mean when btc goes to other wallet such as coinbase or anyone, they can't see it originated from my btc wallet?

Correct. If you use a good mixing service, there will be no obvious link between your original wallet and the coins you are depositing.

Wouldn't it also look fishy to coinbase though because it would look like the transaction is fishy if it was used through a mixer which could have them freeze your account?

Only Coinbase can decide if mixed coins are "fishy" enough to warrant account closures.

[Willitivity]

Hey all got a question.  I know you should not be sending directly from sites like coinbase directly to gambling site because coinbase can close your account.  I read this happened to many people.

Actually, same thing has happened to me. I was sending and withdrawing from gambling so as well as faucets until one day I got a notice from coinbase about closure of my account. I had to remove everything there and moved to a new wallet, but that was long time ago.

Basically, I would advise you get another wallet that you'll be using for such transactions, rather sending to the gambling site directly, you send it to the wallet and from there to the final destination. Same thing for withdrawing. Better safe than sorry.

[Dabs]

Can you name the gambling site? Is it a "bitcoin specific" gambling site, as in, all balances are denominated in bitcoins, or is it a regular online casino that simply accepts bitcoins but denominates everything in fiat (dollars)?

Usually, the bitcoin gambling sites do not care where the coins come from. If coins are received at any of your deposit addresses, your account is credited. That's slowly changing as even some of the older bitcoin only sites are now getting licenses from whichever country they can get it and those have other rules they have to follow.

[serjent05]

There is a huge possibility that it will fall to this category.

1.  They see the btc is coming directly from my btc address as a deposit and I deposited btc many times with this btc address?  I know btc transactions are not anonymous.  So it might look like i have multiple accounts because of this reason?  The guy likes to bet on sports which is why i would sell him btc for bank transfer many times.

It is better to be safe than sorry.  So stop lazing around and use another freshly created BTC wallet to send the transaction to your friends BTC address.  This way, your gambling account will be safe from being suspected of having multiple account.

[ashmodeus]

first of all, i am not confused of your question , but honestly, I just found out coinbase can close your account because thing like that.
By the way, about your case,
the point u asked is : are you safe to send btc from your address to your friend account on the same gambling site ? itsn't ?
of course its totaly not safe ,
if that gambling sites is popular, i guess they will check directly from where money came from.
probably for checked about multiple accounts or something like that.
just use a third party , of course it will cost more for fee, but as long u safe.

[mazdafunsun]

First time I am hearing about this , interesting that they are blocking those addreses.
why do you even bother with crypto gambling , I dont see the benefit compared to fiat gambling. In in case you have to pay the tax, in case of crypto, you would just pay capital gain tax.

[ralle14]

First time I am hearing about this , interesting that they are blocking those addreses.
why do you even bother with crypto gambling , I dont see the benefit compared to fiat gambling. In in case you have to pay the tax, in case of crypto, you would just pay capital gain tax.

Most bitcoin gambling sites currently don't need KYC this is why a lot of people prefer crypto gambling over fiat. Another reason is how fast and easier it is to gamble with bitcoin since there's no KYC less information is needed when making an account. Bitcoin gamblers can simply gamble thousands and cash it all out quickly depending on how fast they process pay outs(usually instant).

Is Coinbase allowed to close accounts related to gambling? Is there a line in their TOS for this, it sounds pretty harsh.

The user above your post quoted the specific line of their tos that prohibits gambling transactions.

[Oneandpure]

Or its best if i send the btc to another one of his btc address?  He did tell me he has an exodus btc address.  So better safe to send btc to his exodus btc address... then he send to that gambling site right?

Well, to cut the chase or the story short, I think you just answered your own question. I am confirming and recommending this best option as this can be the safest way for both parties. Why go through the hassle and then develop that feeling of doubt if what you are doing is right or wrong and what are the possible repercussion when there is that safe way to do it?

I am really amaze how come Coinbase is blocking accounts which send cryptocurrency to gambling sites? Is there a law in USA prohibiting such an act? Can someone clarify this thing for me...

You can sendi bitcoin to other wallet although gambling site where deposit your money, not regulation with bitcoin can't send your money to several site for withdrawal. But bitcoin unique when you send your balance to other address you can take back if you use wrong bitcoin wallet for your gambling site, why have choose gambling site for increase your bitcoin? you have thousand site can increase your profit with bitcoin without gambling site.

[jakelyson]

You are making things too complicated. Just do not deposit directly to his gambling site wallet. You use a safe address and make him use another safe address as well. Then you're safe.

Always remember the golden rule: "If in doubt, don't".

[adaseb]

This is the reason why most people only use Bitcoin for speculation pretty much. Since with an exchange like Coinbase you can't send or receive from a gambling site. And you also will get banned if you send and receive with a mixer. Sure you can use it to buy goods and services but due to fees you might as well just pay with your credit card and collect the points.

Seems most people just keep all their coins on Coinbase for trading or they send to another exchange like Binance to buy other alt coins. And then send it back to Coinbase for the fiat off ramp to withdraw the funds to the bank account.

So is regulations hurting or improving cryptos?

[veleten]

you overcomplicate things : Coinbase doesn't like coins to be sent/received from a known gambling wallet
if they have it flagged in their database , you could have your coins taken and account closed
to avoid that , mix your coins , you pay  up to 1% of the total amount mixed , some do not have a fixed fee
and you only have to pay transaction fees for every mix that range from 20k satoshi and up
alternatively you can try to create new wallets and "clean" the coins through a series of transactions from one wallet to another
in a hope that they would not bother with the forensics "deep" enough
although I heard reports of the funds confiscated and accounts blocked , it is not like you are  tagged 100% of time
some of my friends are sending their coins to and from online casinos without any problem at all

[pilot1970]

The betting sites have a bad reputation, because there have been many scams, my advice is to recycle the accounts, although this can generate additional shipping costs, at least there is no direct trace, but secondary or tertiary.

[hulla]

you overcomplicate things : Coinbase doesn't like coins to be sent/received from a known gambling wallet
if they have it flagged in their database , you could have your coins taken and account closed
to avoid that , mix your coins , you pay  up to 1% of the total amount mixed , some do not have a fixed fee
and you only have to pay transaction fees for every mix that range from 20k satoshi and up
alternatively you can try to create new wallets and "clean" the coins through a series of transactions from one wallet to another
in a hope that they would not bother with the forensics "deep" enough
although I heard reports of the funds confiscated and accounts blocked , it is not like you are  tagged 100% of time
some of my friends are sending their coins to and from online casinos without any problem at all

Coinbase is a US-based exchange site and the last time I checked online gambling site is illegal in the US so not surprised if coinbase block and locked your friend account but I will advise you to make of wasabi wallet or if the online gambling site accept monero help your friend send refund his account using monero cause the possibilities that the gambling site will block and lock you and your friend account are high.

[Asmonist]

If that will make the account close then you must not do it. Its just about choosing between good and bad. You already know the effect of it and in fact it really happen to your friend then its really not a good practice. You have other alternatives to follow then go for it without compromising your account. Just follow the rules and you will not be lost.

[Leonardo7]

I will rather prefer you leave the bitcoin you will be sending to him on a non-custodian wallet, while you can leave the ones you will be quickly converting to cash on coinbase. It's better to avoid trouble by playing safe than tempting one's self. I prefer a non-custodian bitcoin wallet any time any day, so I can have control over my fund.