Withdrawal/Deposit Issues

[romero121]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

[1715371292]

1715371292

[1715371292]

1715371292

[1715371292]

1715371292

[Fortify]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

That is a very slippery slope for exchanges to go down and might earn them a bad reputation. Which exchange and gambling site were involved if you don't mind sharing? Maybe you can avoid this in future by receiving the funds to a wallet you control via bitcoin core and forward it on from there. Bit of a hassle and unnecessary expense, think I'd start looking for another exchange or maybe try to find a gambling site that uses unique wallet addresses so the exchange will not be able to determine the source of funds. I understand that they may be trying to stop money laundering but let's hope this does not become common practice, if gambling is legal in your country then they have no business interfering.

[dunfida]

Majority of exchangers does have these kind of terms on where funds that came from gambling is really prohibited and once they had traced or know about it then you would really be experiencing problems.

Also on the thing you had said about these exchangers shouldnt really accept funds in the first place then its really hard to filter out and there are things to consider
when they are really that trying to ban or restrict possible gambling site addresses or simply it does really involved a lot of work.
So as a user then you should really be aware with the terms if you dont like to experience some headache later on.

[panjul07]

You should check the terms of the exchange you use for your gambling activity.
It reminds me to coinbase, if I remember it correctly coinbase was against gambling activity but I'm not sure about the current situation.
There is also someone here in my country, using a local exchange to receive his money from a gambling site but getting an issue with it.
From this case, we can say that some exchanges are not friendly to gambling activity and some others are friendly enough.

[Oilacris]

You should check the terms of the exchange you use for your gambling activity.
It reminds me to coinbase, if I remember it correctly coinbase was against gambling activity but I'm not sure about the current situation.
There is also someone here in my country, using a local exchange to receive his money from a gambling site but getting an issue with it.
From this case, we can say that some exchanges are not friendly to gambling activity and some others are friendly enough.

Friendly enough or havent been detected nor being caught yet thats why they do still able to make use of the platform in spite of using it as a medium of your gambling earnings or transfers.

So far i dont have any problems on sending out my funds came from  local exchange wallet which is totally been prohibiting gambling funds but still in luck that they havent
noticed or giving me out some warning about that.

Im bit sure that there are lots who had been doing the same behavior which it might really be that time consuming on dissecting or finding it one by one unless
if theyre good enough on tracing out to those who violate.

[famososMuertos]

First of all thanks for your topic, I just had the idea but my concern has a place in its subject

In my case I have seen the withdrawal situation only.

I do make the withdrawal, it takes a few hours, in my case 36 hours to find out that the withdrawal was reversed and returned to my wallet. Now the situation here is complex, first so many hours can bring you the inconvenience that when it finally arrives it turns out that due to volatility your deposit is another and on the other hand support far from telling the truth keeps you in expectation.

In my case, I have seen these two situations with two casinos:
Maintenance or Problems with the Wallets.

[Twentyonepaylots]

For reputable gambling sites, these issues could easily pass off as isolated bugs that can be fixed by a couple patches. But for startups and for small-time gambling sites this could make them lose their growing following. People are easy to point fingers especially if your credibility isn't tested and proven just yet, so in situations like these most people, myself included, will deem the site as a scam especially if lack of communication is present.

[Ryker1]

Well, thank you for sharing this and it will perhaps many gamblers will avoid those possible troubles in the future because they know that gambling sites and exchangers sites are not friendly. But first, you should read first the TOS, ^{[as always]} to know that the exchange will accept funds from the gambling site. But I think this is a very common issue when you transfer the fund from the non-KYC to the required KYC website. Because they have KYC/AML implementation and avoid money laundering, that is the reason they are freezing money that comes from the gambling site to avoid possible money laundering.

[robelneo]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

Thye really should not accept deposits coming from gambling site if that is the case I have similar experiences just lucky that it's not a big amount, I withdraw Tron from one gambling site I'm playing to one of our local exchanges and it never arrives I have deposit a hundred times to this local exchange before and this is the only deposit that did not arrive I just found later that they are not accepting direct deposit from a gambling site, but there was no mention on their TOS, I end up transferring it first to my desktop wallet before depositing it to that exchange.
So if you are making a deposit or withdrawal to gambling or coming from a gambling site make a test first.

[magneto]

Yeah, absolutely. This is one problem with using custodial wallets/exchanges with your gambling funds.

I've personally never had issues with Coinbase, but I've heard a ton of horror stories of people who deposited funds there from gambling winnings that led to the ultimate suspension of their account. They seem to be getting better at tracing transactions back to known dice sites and sportsbook wallets.

I don't think that it's too much of an issue per se if you just do it once, but if you are planning on withdrawing large winnings regularly and you need to maintain access to these withdrawals, then definitely use a wallet that you hold the private keys to (which you should be doing anyhow).

[blockman]

They have rules that funds won't be coming from and coming to gambling sites. That's why you should take note on that and I've been also told by the exchange that they know that the funds came from a casino and that can lead to my account closure if they happen to detect it again.
If you're going to have it send to an exchange, you should transfer it first to a wallet or just use a mixer so that the exchange won't know it anymore that you're sending from and to a casino.

[AmoreJaz]

Yeah, absolutely. This is one problem with using custodial wallets/exchanges with your gambling funds.

I've personally never had issues with Coinbase, but I've heard a ton of horror stories of people who deposited funds there from gambling winnings that led to the ultimate suspension of their account. They seem to be getting better at tracing transactions back to known dice sites and sportsbook wallets.

I don't think that it's too much of an issue per se if you just do it once, but if you are planning on withdrawing large winnings regularly and you need to maintain access to these withdrawals, then definitely use a wallet that you hold the private keys to (which you should be doing anyhow).

one easy way is send your funds from the gambling website to your electrum wallet, and then, just send it to the exchange. i don't think they will trace back where your funds is coming from your wallet itself. that's a lot of work to do from the exchange's end. also, check the ToS of the exchange, in terms of gambling related restrictions. if they specify clearly that they are not accepting deposits from online gambling sites, then, look for other exchanges that are lose in this aspect, a lot of them don't care anyway where your funds are coming from especially those with no kyc requirements.

[Lorence.xD]

That's a pretty strange thing to happen, I don't think that it is within an exchange to do this kind of thing unless you have some innocent but they saw it as a suspicious activity. Exchanges do be like that sometimes and to answer your question, no I haven't experienced it back when I was still gambling.

[rhomelmabini]

Haven't done it before but I think the exchanges are just taking an extra caution regarding AML policies. Some known exchange or likely most especially CEXs do that since most of them are a registered entity. Try to reach out the support so you'll know the information on what it was stopped.

[Wexnident]

Are you 100% sure that the withdrawal issue came from you sending your funds to a gambling site? Granted that you were able to send it to another exchange, but that was after the support team saw the problem. Probably just me missing a few details but that's what I understood from your explanation anyway. Try asking support what the issue was exactly, it may just be on their side or something. I hardly doubt that exchanges would ban transactions to gambling sites since they aren't even government-controlled in the first place, why would they even care.

[Lakai01]

I hardly doubt that exchanges would ban transactions to gambling sites since they aren't even government-controlled in the first place, why would they even care.

I see it exactly the same way, why should they? The exchange is not responsible for where the user transfers their coins to, nor is transferring an amount to a gambling site illegal. So I am 100% sure that this is a misunderstanding.
What I could well imagine though is that the exchange does not allow withdrawals to old BTC addresses and only allows segwit addresses for example. However, some gambling sites still use old BTC addresses.

Without an exact information of the support why the withdrawal was held back we will not find a solution here and can only speculate.

[Beparanf]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

It depends on the exchange ToS because they are just following regulatory guidelines. Some local base exchange tends to have this rules on there terms since the government are strictly against online gambling just like in my country. If you can name the exchange you are referring, Maybe we can help you to verify if they are really doing that legally or not.

[virasisog]

It depends on the exchange's TOS. It is not just exchanges even out local wallet doesn't accept withdrawal and deposits from gamblibg sites or your account will be frozen. That is why reading through the TOS is very important if you don't want any problem with your funds or accounts.

[swogerino]

It depends on the exchange's TOS. It is not just exchanges even out local wallet doesn't accept withdrawal and deposits from gamblibg sites or your account will be frozen. That is why reading through the TOS is very important if you don't want any problem with your funds or accounts.

I think you mean third party wallets like Coinbase,Blockchain.com and other web wallets.Local wallets are desktop wallets,software that you own on your computer and they accept any transaction you do.I have deposited from the gambling sites to an exchange some time ago and everything went correctly,probably it depends on the exchange.I think few of them do not accept deposits from gambling websites.

[ralle14]

I've experienced a similar issue where my exchange account lost all its transaction limits, eventually they reached out to me but they didn't mention the exact reason and I had to check all of my transactions until I found that one old transaction which came from a gambling site. After that experience i've been very careful with my transaction and always assume every exchange have these rules and just like everyone else my solution to this is to use a non custodial wallet. 

On the second exchange you're using you could get away with it now but from here on out you could also be at risk of losing your account if you're not paying attention to the terms and conditions.

[robelneo]

It depends on the exchange's TOS. It is not just exchanges even out local wallet doesn't accept withdrawal and deposits from gamblibg sites or your account will be frozen. That is why reading through the TOS is very important if you don't want any problem with your funds or accounts.

Some exchanges do not have this and they only insert it or update it, of course, you can get a notification of the update in their emails but if you have many subscriptions in your email you could miss those important updates, that is why it's important to marked emails coming from exchanges as important emails and do not treat it like a regular email, any changes in your exchanges will have an impact in your transaction, you could be losing hundreds or thousands dollars worth of transactions.

[CryptocurencyKing]

There is nothing concerned with terms of service as to where your withdrawal request is to be deposited. No, that shouldn't be. You own your funds, you deposited your fund on there platform and at the initiation of a withdrawal, it ought to be approved and they've got nothing yo loose. Besides, they charge some fees for this transactions.

Again, if we are to look at it from a different perspective, the terms of service might be selective of the kind of address they actually transfer funds to legacy or compatibility or whatever specified address format, thats okay. For ease of withdrawal and all that but, restricting withdrawal just for the fact that, its to a gambling site doesn't isn't very cool for an exchange.

[fullhdpixel]

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

That's right and some exchanges create problems like I have heard such stories about coinbase before I think where users were not allowed to make transactions to gambling sites. It might be because gambling is illegal in your country or something like that.

That is the reason I always use my own wallet for transactions. If I have to move funds from a gambling site to an exchange or vice versa. It's always better to use your own wallet in between and avoid using the exchange itself as a wallet.

Gambling site --> Your wallet --> Exchange that is the best possible solution to avoid this in the future.

[rhomelmabini]

Gambling site --> Your wallet --> Exchange that is the best possible solution to avoid this in the future.

He might be skipping the huge transaction fee by Bitcoin but I think it will get worse if the exchange doesn't hear the explanation thereof. I think I did the same in the past but with a custodial wallet, it haven't got some issue before but when I hear some users are being restricted or questioned about it I simply haven't use the same method anymore.

[michellee]

I do not experience what @OP gets but I hope that it will never happen to me. I think that will depend on how the rule on each exchange or gambling site, but I think they do not have to do that because the user who wants to withdraw can send the funds to any wallet. But we know that the exchange can do anything they want to the deposit that came to their site and block the funds without telling us. Maybe we can send the money to the other wallet and then send it into the wallet.

[fiulpro]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

Well it for sure depends on the type of exchange you are using. Not all will be able to process the funds from a gambling site since there are limits, the government might allow or might not, who knows? That is why you have to make sure that the condition of gambling is more or less satisfactory in your country, especially online gambling. You have to make sure about the exchanges also , read their terms and conditions, if that does not go well then just deposit money to a universal exchange.

I never experienced this since the exchanges I use are more or so established and we'll renown, plus they have no probelms regarding the money coming from gambling sites.

[romero121]

I do not experience what @OP gets but I hope that it will never happen to me. I think that will depend on how the rule on each exchange or gambling site, but I think they do not have to do that because the user who wants to withdraw can send the funds to any wallet. But we know that the exchange can do anything they want to the deposit that came to their site and block the funds without telling us. Maybe we can send the money to the other wallet and then send it into the wallet.

Yes, this is none of the exchanges necessity to keep track where we're sending the funds. This is where mixers play a role, because exchanges can't get track of the details about the wallet from to which the fund is being withdrawn. Gambling is illegal in certain countries, for the same making a clear block of funds on withdrawal is not the right way.

[Viscore]

I never heard of an exchange that does like that, as long as the gambling site is not illegal, then they have no right to stop any transaction from happening. Just read the full TOS mate, maybe you miss something, if it's in the TOS, then there's nothing to complain about, just comply as you have signed up for that.

[acener]

I never heard or know that it is also happening in exchange,
I think I heard a similar story before but it was on mobile wallet but I think it was written on their TOS but I don't really read those and just agree with it.
If I am not mistaken it was someone of my online friend and his account got suspended or freeze because most of the transaction is from a gambling site.
This is why we should really read,understand and respect their TOS so we shouldn't have any problem using their services.

[dimonstration]

I've experienced a similar issue where my exchange account lost all its transaction limits, eventually they reached out to me but they didn't mention the exact reason and I had to check all of my transactions until I found that one old transaction which came from a gambling site. After that experience i've been very careful with my transaction and always assume every exchange have these rules and just like everyone else my solution to this is to use a non custodial wallet. 

On the second exchange you're using you could get away with it now but from here on out you could also be at risk of losing your account if you're not paying attention to the terms and conditions.

Same issue happens in me in my crypto - fiat app were they banned my account and needed to provide documentation for me to get refund of my money via fiat. The issue is due to gambling transactions which is prohibited in their app. It is a exchange wallet registered in our country they only banned my account when I did a bigger transaction but when it's only small at first they didn't mind it until they notice the one which is bigger in value unlike the first one's.

[Fundamentals Of]

This is not a strange story. I have already heard of a similar story or two before. And I guess this is not that controversial because there are indeed some exchanges or centralized and custodial wallets which do not accept direct deposits from gambling sites. I think most of this kind of site indicate this in their TOS. But I cannot understand why. Probably because money coming from gambling sites could be laundered money.

[michellee]

I do not experience what @OP gets but I hope that it will never happen to me. I think that will depend on how the rule on each exchange or gambling site, but I think they do not have to do that because the user who wants to withdraw can send the funds to any wallet. But we know that the exchange can do anything they want to the deposit that came to their site and block the funds without telling us. Maybe we can send the money to the other wallet and then send it into the wallet.

Yes, this is none of the exchanges necessity to keep track where we're sending the funds. This is where mixers play a role, because exchanges can't get track of the details about the wallet from to which the fund is being withdrawn. Gambling is illegal in certain countries, for the same making a clear block of funds on withdrawal is not the right way.

After reading your reply, I just thought about using the mixers to win money from the gambling site. Maybe that can be a solution for a gambler who already won a lot of money so they can send it in to the mixers and send it again into the exchanges. Maybe the exchanges just do not want to get a problem with the deposit money, especially if they know that the money comes from the gambling site.

[molsewid]

This is not a strange story. I have already heard of a similar story or two before. And I guess this is not that controversial because there are indeed some exchanges or centralized and custodial wallets which do not accept direct deposits from gambling sites. I think most of this kind of site indicate this in their TOS. But I cannot understand why. Probably because money coming from gambling sites could be laundered money.

It's true that story like this is very common. I also already heard a story like this a lot of times.  I don't know too what the reasons behind of it or when I tried thinking for possible reason I ended up talking to myself like I ask myself non verbatim "but why?" or "is this possible valid reason". I still don't know until now the reason buy whatever it is for sure for there safety.

[ReiMomo]

It depends on the exchange's TOS. It is not just exchanges even out local wallet doesn't accept withdrawal and deposits from gamblibg sites or your account will be frozen. That is why reading through the TOS is very important if you don't want any problem with your funds or accounts.

Correct, even custodial local wallet didn't allow to relieved fund from gambling sites, I guess because they are heavily regulated, they centralized exchange or gambling that follow that government regulation which is caused by the KYC/AML. Reading TOS or asking help from their staff regarding that matter will help you to avoid freezing funds.

I'm guessing that most centralized exchanges trying to avoid the possible problem in the future, especially if gambling sites are strictly prohibited on their place or gambling site that didn't have a license and didn't regulate by the government.

[worle1bm]

These issues arises sometimes because exchange follow the rules and regulations of their center of registration and if they restrict gambling activities they might block your funds and it is stated in their AML and FAQ policy.This is probably the case with these centralized Excganges but as suggested by other members it's better to use your wallet rather than these Exchanges for gambling deposit and withdrawal is best policy but you can always use mixer in exceptional cases.Gambling funds can be large so you need to take care of it precisely and better be on safe side.

[STT]

An unfortunate restriction on the free exchange of capital and invasion of privacy even, plain old FIAT cash doesn't require some kind of inspection like this so its a poor way to treat customer. 
 Sounds feasible it could be thing though I think its poor that an exchange would try to levy national ideas for gambling on people who may or may not be normally due to pay taxes.   The basic advice has been for years to avoid exchanges when possible for the basic reasoning that depositing at somebody elses companies means you are now totally reliant on them to maintain value and ownership of that deposit which is not the best use of crypto.   I would recommend cashing out if you have to via escrow arrangement not an exchange that require deposits and relinquishing rights.

[Fundamentals Of]

This is not a strange story. I have already heard of a similar story or two before. And I guess this is not that controversial because there are indeed some exchanges or centralized and custodial wallets which do not accept direct deposits from gambling sites. I think most of this kind of site indicate this in their TOS. But I cannot understand why. Probably because money coming from gambling sites could be laundered money.

It's true that story like this is very common. I also already heard a story like this a lot of times.  I don't know too what the reasons behind of it or when I tried thinking for possible reason I ended up talking to myself like I ask myself non verbatim "but why?" or "is this possible valid reason". I still don't know until now the reason buy whatever it is for sure for there safety.

This is not valid. Personally, I think this is unfair. Until now, I think there is still a kind of prejudice against gambling, gamblers, money coming from gambling, etc. This is probably the reason why a lot of exchanges consider deposits coming from gambling sites a red flag. Gambling is one of many exchanges' suspicious sources so they prohibit it. If I am not mistaken, AML also considers gambling funds questionable.

[xSkylarx]

This is why I ask some of my friends that use the same platform if they didn't encounter any issues withdrawing their crypto from a gambling website straight to an exchange. Some exchanges have strict rules that they avoid accepting funds when it is from a gambling website because for a reason that they avoid having money laundering issues in the future. This is the only reason I can think of why some exchanges disable the account of some of their users.

[imstillthebest]

These issues arises sometimes because exchange follow the rules and regulations of their center of registration and if they restrict gambling activities they might block your funds and it is stated in their AML and FAQ policy.This is probably the case with these centralized Excganges but as suggested by other members it's better to use your wallet rather than these Exchanges for gambling deposit and withdrawal is best policy but you can always use mixer in exceptional cases.Gambling funds can be large so you need to take care of it precisely and better be on safe side.

this is why its important for us to read the rules of the platform that we are going to use before its too late and our money will get confiscated but op is lucky that he can still withdrew his funds on that exchange .
 he can withdraw in a wallet or a decentralize exchange if he want to but i guess he directly do it because he want to save a time & fee and as want to particpate in an ieo like he stated  . using mixers could result the same because mixers are also used by money launderers .

[aioc]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

You can contest it if they do not have these rulings on their TOS, if they will accept gambling sites deposit they should also accept gambling site withdrawal, some gambling sites are like this, they like you to always fill your wallet but they try to find fault if you are trying to withdraw your earnings, better leave that gambling site and shift to other sites that have specific rules on this

[Lakai01]

-snip-
If I am not mistaken, AML also considers gambling funds questionable.

That's not quite true, no. AML does not make more precise definitions of how "dangerous" certain sources of money are, but still explicitly highlights that online gambling can also be used to launder money. Therefore, apart from AML, there are already some measures in place to limit money laundering as much as possible:

The U.S. Bank Privacy Act (BSA) has some regulatory requirements for the gaming and gambling industry, including:

• Creation of Suspicious Activity Reports (SARs) when at least $ 5,000 suspicious transactions are carried out
• Creating Currency Transaction Reports (CTRs) in cash inflows and outflows in excess of $ 10,000
• Application of the most suitable AML compliance programs within the casino
• Keeping track of customers' debts or loans, such as credit extensions over $ 10,000, and keeping those records for up to five years

Source

Of course, an exchange could now invoke this and block deposits from gambling sites. But why an exchange should prevent withdrawals to a gambling site is beyond me.

[Jackl87]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

I have never heard before that exchanges have kind of blacklisted specific addresses that are being checked first if money gets deposited from them or withdrawn to them. I don't think, that this is even possible, because every gambling site user has his personal address where he needs to deposit his funds so he can start to gamble, just like on the exchanges of course. So my guess would be, that you were just unlucky and your transaction was broadcasted at a time where the gas price increased heavily and therefore your transaction just did not went through for a few days until it was cancelled.

[DoublerHunter]

~snip~

Your case is a real heads up for me, thanks for sharing it. Sometimes I also use exchange addresses to send funds to gambling sites, there was no issue so far, but it doesn't mean they are entirely eliminated. Probably  the future transactions to gambling sites I will do exclusively from  my own addresses. So scheme will look like following: exchange ==> my address==> gambling site. I realize that this innvolves some extra expenses but I agree to pay to be free from any problem.

^ That is a great idea though, we should avoid directly have transactions between online gambling casinos and the exchange platform. Probably because the exchanger platform follows those regulators which are they are trying to avoid to prohibit KYC/AML problem.
However, this is served us as a warning because we know now that there is a possible problem when we directly send our fund to those heavily regulated by SEC and that was most exchanges platform. Nevertheless, in this case, there are too many alternatives to avoid such a scenario.

[jrrsparkles]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

Basically the exchanges operating from US can't support your gambling activities, the reputed exchange like coinbase will terminate your account if you deposit any funds from gambling site into their wallet address, so this is not new and must be mentioned in their terms of services.

[YOSHIE]

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

Not all exchanges restrict or prohibit transaction activity on gambling sites, depending on the exchange, I've read the same thing happens, if I'm not mistaken about PayPal transactions to certain gambling sites, prohibited.

As far as I know the exchange will limit or not approve any transactions of funds / crypto and the like against gambling sites, if the gambling site is not registered or official in that country, exchanges are more comfortable conducting trading transactions against gambling sites that have legally defined gambling by their country, that's one of the main points to prevent things that the exchanges don't want their customers for for the sake of safety.

For that the OP must check about the gambling sites you play, whether they are illegal in your country or vice versa, or you contact the exchange team / management asking about transactions about the gambling site, is it safe for them or not.

[Wexnident]

What I could well imagine though is that the exchange does not allow withdrawals to old BTC addresses and only allows segwit addresses for example. However, some gambling sites still use old BTC addresses.

Yea this might be the better explanation for it ngl, or just that the listed address had some negative something to it that the exchange-listed. Exchanges aren't government centered in the first place as I have said after all.

Basically the exchanges operating from US can't support your gambling activities, the reputed exchange like coinbase will terminate your account if you deposit any funds from gambling site into their wallet address, so this is not new and must be mentioned in their terms of services.

Yea looked it up, someone from reddit shared their experience and someone also said that coinbase has this in their TOS so better move on to another exchange to use. Hardly doubt that it's every exchange in the US that doesn't allow transactions with gambling casinos.

[jrrsparkles]

Yea looked it up, someone from reddit shared their experience and someone also said that coinbase has this in their TOS so better move on to another exchange to use. Hardly doubt that it's every exchange in the US that doesn't allow transactions with gambling casinos.

Of course every exchange does that, even the gambling sites doesn't allow people to gamble on gambling sites as well due to their strict regulations.

[Dadan]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

I also experienced this before in my local wallet. I don't know how they can track the transaction from a gambling site? They suddenly freeze my account and emailed me about this issue.
In their new updated ToS, they don't accept a transaction from any gambling site, and I didn't even know it until my account just got freeze. Luckily my account just back to normal after I contact their support.

[Lakai01]

I also experienced this before in my local wallet. I don't know how they can track the transaction from a gambling site? They suddenly freeze my account and emailed me about this issue.
-snip-

To put it simply, a plain address mapping can be used to find out, for example, which transactions were carried out from an exchange or, as in this case, from a gambling platform. The fact that many gambling platforms always use the same blockchain address for payouts is used here; this address can be blacklisted and deposits from this address (or several, if the gambling site uses several) can be blocked.

[Cling18]

Some exchange sites have restrictions that they indicated in their terms and conditions. Some exchanges don't easily accept funds from gambling sites but if that happens, it's still better if you'll reach their support regarding this matter. There are just regulations that we can't do anything about but to follow or better if we'll read their terms and conditions first before transacting.

[dothebeats]

This happened to me once. The change in ToS is so sudden that up to this day, I still have $100 on that exchange because they banned me for transferring and receiving funds from a gambling site. It's a bummer but I didn't know that it was included and they never let me off the hook even though the updated terms is done on a short notice—probably 2 or 3 days, not even business days. To this day, they are still imposing 'shadow bans'  or restrictions on accounts that made transactions with gambling sites using their platform as per observation from other people. This restriction lasts for 7 days for first infraction, 30 days on the second, and permanent ban for the third. You can still take your money out of the platform if you are banned, though it requires some legal paperwork which I am not really bothered to do anymore.

P.S., this is a local exchange from the Philippines.

[Mauser]

I also have an problem with withdrawal / deposit at a casino. So when I first started out I used bitcoins to deposit money to mainly play poker, after I won with the deposit bonus I managed to just withdrawal my initial money again so I could only keep playing with the deposit bonus. After a few months now I am trying to withdraw again but it doesn't seem to be possible again. The withdrawal option to go with bitcoins requires a minimum amount of 1000 USD, and I just have 300 USD. All other withdrawal options are not possible, because it needs to be same option I used to deposit with. Already contacted the support team but they didn't get back to me yet. Looks like I have to try and gamble my way up to 1000 USD.

[panjul07]

I also have an problem with withdrawal / deposit at a casino. So when I first started out I used bitcoins to deposit money to mainly play poker, after I won with the deposit bonus I managed to just withdrawal my initial money again so I could only keep playing with the deposit bonus. After a few months now I am trying to withdraw again but it doesn't seem to be possible again. The withdrawal option to go with bitcoins requires a minimum amount of 1000 USD, and I just have 300 USD. All other withdrawal options are not possible, because it needs to be same option I used to deposit with. Already contacted the support team but they didn't get back to me yet. Looks like I have to try and gamble my way up to 1000 USD.

So how your experience is related to OP experience? Did you read the main topic here or you did read the title only?
You bring a different topic here as your experience is related to "minimum withdrawal" while main discussion in this thread is about deposit/withdrawal from gambling sites from/into exchange.

[abel1337]

This is the reason why I don't withdraw funds from exchange to gambling sites or vice-versa. I don't want to get a hassle like this that's why I choose to withdraw all of my transactions to my non-custodial wallet first then send it to exchange or casino. TOS are being changed from time to time and I don't get updated every time.

[DarkDays]

For reputable gambling sites, these issues could easily pass off as isolated bugs that can be fixed by a couple patches. But for startups and for small-time gambling sites this could make them lose their growing following. People are easy to point fingers especially if your credibility isn't tested and proven just yet, so in situations like these most people, myself included, will deem the site as a scam especially if lack of communication is present.

I couldn't agree more on this. However, I'm of the opinion that in the latter examples there should be clearly stated that there might be some unresolved bugs but to be honest in such a saturated market if you don't start with the right foot you could risk damaging your reputation.

It is hard to give credibility to these new casino launches which is why they must do their best to have everything in place, withdrawals seems like a pretty obvious feature that needs to be working properly. If they can't do that right, then you know you'll never come back there again!

[Mahanton]

For reputable gambling sites, these issues could easily pass off as isolated bugs that can be fixed by a couple patches. But for startups and for small-time gambling sites this could make them lose their growing following. People are easy to point fingers especially if your credibility isn't tested and proven just yet, so in situations like these most people, myself included, will deem the site as a scam especially if lack of communication is present.

I couldn't agree more on this. However, I'm of the opinion that in the latter examples there should be clearly stated that there might be some unresolved bugs but to be honest in such a saturated market if you don't start with the right foot you could risk damaging your reputation.

It is hard to give credibility to these new casino launches which is why they must do their best to have everything in place, withdrawals seems like a pretty obvious feature that needs to be working properly. If they can't do that right, then you know you'll never come back there again!

We would say that first impression does last and when people do have non pleasant experience on first time engagement on a certain site then that would really be a great factor
neither a certain player would stay or would just simply skip off and i agree that they should do their best and if there are some unavoidable or unexpected errors then
it should really be fixed immediately and dont let the issue to last long because this will really affect in overall site impression neither in the good or in bad side.
About on between deposits from gambling sites then some platforms or majority of them specially in exchanges wouldnt really tolerate or does prohibit
so expect that once caught then that would really be hassle.

[harizen]

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

There are other details we don't know. Does the exchange tell you that the specific reason is about gambling-related issues?

Despite all issues about exchanges banning accounts that involve gambling, I don't experience it yet, and honestly, till now, my gambling funds were just rotating between exchanges and gambling sites without any issues. Take note that these exchanges have a gambling-related subject on their TOS but still not facing any problem for years. And most of the cases wherein I will saw someone claimed that their exchange account got freeze because of gambling, there is no proof that the support itself tells them that it's about gambling as the main reason.

That experience of mine makes me think that these frozen or suspended accounts that supposed to be related to gambling have other reasons why their accounts got flagged. As for transparency, exchanges should tell their users about the specific reason why the account got flagged.

[Silberman]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

It has been known for a long time that exchanges do not like to receive or send money from gambling sites, now why they did not stop you from receiving those coins into your account? Because they cannot do it, you were the one in control and as such they just reflected the transaction in your balance, but once you tried to get that money out of the exchange into a casino they blocked that transaction, so next time take the time to send your coins to an address you control so this does not happen to you again.

[goinmerry]

If thats the case then these exchanges shouldn't accept funds from gambling sites.

There are no wallets that directly tagged as owned by specific gambling sites so I don't know how exchanges will able to determined if the funds came from the gambling sites. Gambling-related activities were put on the exchange term as a common and usual term that an exchange should have.

We just based on OP's shared information but who knows there are other issues that's why OP faced such problems. It would be better too if OP can name these exchange and the gambling site involved.

[Rengga Jati]

This can happen. There are a number of exchanges that do have strict rules about this. Especially in countries that do prohibit gambling.
There is an exchange in my country that does not accept any deposits (in large amounts) which indicate a transfer from a gambling platform. This also causes the deposit funds to be stuck and it takes several days for the refund process to be processed because it requires further investigation.
This may occur because the exchange already has an agreement or complies with the regulations of the country if it still wants to operate.

[just_Alice]

I've never encountered such a problem, but good to know, I'll be more careful in the future. As far as I understand, you got pretty lucky that the exchange transferred the funds to another one so that you could withdraw because some people wrote here about accounts being banned due to connection to gambling sites...
That's so odd, why do they care? And bother tracing the transactions? Anyway, I think they're obliged to state these things in the terms and conditions, have you found anything about gambling sites in there? Someone mentioned Coinbase, I know they're pretty straight about that, gambling comes next to fraud and unlawful activity in their user agreement.

[milewilda]

This can happen. There are a number of exchanges that do have strict rules about this. Especially in countries that do prohibit gambling.
There is an exchange in my country that does not accept any deposits (in large amounts) which indicate a transfer from a gambling platform. This also causes the deposit funds to be stuck and it takes several days for the refund process to be processed because it requires further investigation.
This may occur because the exchange already has an agreement or complies with the regulations of the country if it still wants to operate.

When it comes to exchangers then majority of them does really prohibit gambling funds and i dont know on whats their stance about it on having the same decision towards gambling funds.
On what had mentioned that some might not really experience some issues but sooner or later you would really be caught and traced up that you've been using them as a medium
of those gambling funds and they do have the right to hold it out and ask for some verification if ever you had violated their Tos.

[Silberman]

If thats the case then these exchanges shouldn't accept funds from gambling sites.

There are no wallets that directly tagged as owned by specific gambling sites so I don't know how exchanges will able to determined if the funds came from the gambling sites. Gambling-related activities were put on the exchange term as a common and usual term that an exchange should have.

We just based on OP's shared information but who knows there are other issues that's why OP faced such problems. It would be better too if OP can name these exchange and the gambling site involved.

That should show you how advanced chain analysis has become, exchanges engage on this to see if you can be a high risk customer and they can choose to accept your business or not, it is a way to protect themselves from hackers and scammers, and while there is nothing wrong with gambling, exchanges prefer not to deal with them because back in the day hackers and scammers used casinos to launder their coins and it seems the current practices of exchanges still reflect this despite casinos adjusting their policies and the fact this is no longer a problem.

[adzino]

Which exchange are you talking about? Read their Terms of Service. They probably stated somewhere that they don't allow you to transfer funds to a casino or add funds where the source of origin is from a casino (but I wonder how do they know...). Hence, they denied your withdrawal request. Since you were able to withdraw it back to a different wallet, you are good right?
Make sure next time if you are withdrawing, withdraw it to a wallet that you control. Don't send it directly to a casino. Or else you will have to deal with two people when facing any problems.

[johhnyUA]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

This can happen. Every exchange has it's own blacklist and as i know (Kuna io for example) they can cancel some withdrawals to services they consider as being not trustworthy.
Please, tell us about exchange from what you tried to withdraw and a gambling site where you send your money. For some people it can be useful i think.

[goinmerry]

Make sure next time if you are withdrawing, withdraw it to a wallet that you control. Don't send it directly to a casino. Or else you will have to deal with two people when facing any problems.

There is no specific source that exchanges can look at if their users are sending money to casinos.

Hot wallet addresses aren't publicly revealed in the first place. And gambling sites already know that so to protect their users too, they have some sort of security regarding addresses.

Maybe there are other reasons that violated the Terms of Service but I'm 100% sure it's not related to a casino that OP got a problem with.

[Saisher]

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

You have a point, that particular exchange doesn't want to make it appear that they are supporting that gambling site by letting you transfer to that gambling site, if they have nothing to do with the gambling site they should clearly state it in their TOS that they are not accepting or allow withdrawal for a gambling site addresses, it appears they want money to get deposited only at whatever source.

[Johnyz]

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

You have a point, that particular exchange doesn't want to make it appear that they are supporting that gambling site by letting you transfer to that gambling site, if they have nothing to do with the gambling site they should clearly state it in their TOS that they are not accepting or allow withdrawal for a gambling site addresses, it appears they want money to get deposited only at whatever source.

Exchanges are trying to regulate gambling activities as much as possible and you just got unlucky because you’re dealing with the exchange that prohibit that activity since we all know, gambling is one of the place to spend fraud money and they are aware of that. The good thing here is that, they didn’t freeze your account easily and get coordinated right away, maybe its better to stay away from that site for now especially with regards to gambling.

[stomachgrowls]

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

You have a point, that particular exchange doesn't want to make it appear that they are supporting that gambling site by letting you transfer to that gambling site, if they have nothing to do with the gambling site they should clearly state it in their TOS that they are not accepting or allow withdrawal for a gambling site addresses, it appears they want money to get deposited only at whatever source.

Exchanges are trying to regulate gambling activities as much as possible and you just got unlucky because you’re dealing with the exchange that prohibit that activity since we all know, gambling is one of the place to spend fraud money and they are aware of that. The good thing here is that, they didn’t freeze your account easily and get coordinated right away, maybe its better to stay away from that site for now especially with regards to gambling.

Exchangers are highly regulated and do follow government laws and regulations which its just normal that they would be following up rules like this on where they do prohibit out gambling funds or deposits due to that
fraud money issue or laundering or whatsoever.

As a user if you do know that those were their terms then why would continue to deposit gambling money into the platform you've been using? It isnt just right that you would just simply skip on using them because
they do accept gambling funds.

Key here is that you shouldnt deposit those funds in the first place and also you can try to mix out those coins first before making deposit into the platform so that you wont be experiencing
such lock ups or withdrawals of your funds because of that reason.

[smyslov]

I'm ok with their terms as long as I can receive my withdrawal to my wallet, every gambler differs when it comes to their terms of service and we should respect that, some gambling sites are under regulation, and if they do not allow supporting gambling site using their funds it's because they are following regulations if they allow deposit coming from gambling site maybe because the think it's ok with the regulators.

[Zilon]

Most times we bluntly ignore some terms and conditions given while we create accounts with most of this exchanges. Most of the times we barely read them we only click accept with the believe that come what may we would live up to their terms and conditions. Most exchange regulate funds been credited to gambling sites and most of the times it's with the mind of helping you plan your funds while few of them have a certain amount the can permit users to fund a gambling site with. I feel going through some terms and conditions carefully before signing up any exchange would help understand their services better

[nhaila]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

[ralle14]

There is no specific source that exchanges can look at if their users are sending money to casinos.

Hot wallet addresses aren't publicly revealed in the first place. And gambling sites already know that so to protect their users too, they have some sort of security regarding addresses.

Maybe there are other reasons that violated the Terms of Service but I'm 100% sure it's not related to a casino that OP got a problem with.

One of the ways they could easily look up something is through wallet explorer since they've linked certain addresses and wallets on some of the popular crypto casinos. It's not the best site to use as the casino list is very limited but it can still be an effective tool for most exchanges.

We don't know which sites OP used so we can just speculate but there's still a lot of exchanges that don't accept gambling funds and i've seen a lot of gamblers lose their exchange accounts just because of gambling transactions.  

[Reatim]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

Best to check the TOS of the exchange you are using because some of them are not supporting Gambling Deposit/withdrawal though the Big exchange that i used don't have their rules.

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

actually what he did is really questionable , depositing the amount from gambling to exchange then returning the funds back to the gambling site.

[DoublerHunter]

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

They have their own rules and it's up to them how they implement them, gambling sites are ok accepting depositing, but they will give you issues when you try to withdraw your winnings if they don't want anything to do with a gambling site, you are right that they should not accept withdrawal and deposit from and to a gambling site.

^ No, I disagree, that is not how trusted gambling sites work even they implement KYC verification to their users. It is a matter of the government law that under their license. User will not be reading the terms and condition will most likely fall into this issue and they will have a problem upon withdrawal in the future. Nevertheless, we should always be careful transferring fund to the centralized services, even on my country, we have a local wallet here that don't accept cryptocurrency that comes from gambling, once they will verify it, your account will ban and it will not open anymore altogether with your fund.

[madnessteat]

To trace who owns the funds withdrawn from the casino is unrealistic, so to avoid possible problems with regulators, many exchangers simply do not accept deposits from casino addresses. I think this is normal practice since casino withdrawal system can be compared to cryptocurrency mixer.

[coin-investor]

To trace who owns the funds withdrawn from the casino is unrealistic, so to avoid possible problems with regulators, many exchangers simply do not accept deposits from casino addresses. I think this is normal practice since casino withdrawal system can be compared to cryptocurrency mixer.

This is what exchanges do not want to happen, they don't want to be considered as a mixer so they have these terms or regulations that they do not want to have anything to do with gambling sites, so just follow their advice so you and your exchange will not get into trouble against regulators, they are also under strict regulation and they do not have full control of their decision and action.

[Fatunad]

To trace who owns the funds withdrawn from the casino is unrealistic, so to avoid possible problems with regulators, many exchangers simply do not accept deposits from casino addresses. I think this is normal practice since casino withdrawal system can be compared to cryptocurrency mixer.

Intentionally or not but we cant really avoid the fact that there are some people whom do make these casinos on acting like a mixer into those funds. whenever those funds are tinted or not but exchangers cant really tolerate  
nor really prohibited for those funds to be credited into the platform and this is why they do set out wager requirements into those funds who do get in or credited into the site which i can say that it is just
right to set out those kind of requirement before you can make out withdrawal. When it comes for gambling funds to be deposited on an exchange platform then tracing it up specifically is somewhat really
that impossible but there are users who are actually experiencing problems.

[dimonstration]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

Exchanges that are mandated or registered in a country which prohibits gambling have these rules to not accept transactions of funds came from gambling. So there is a need to be careful on reading TOS or the sites rules and law to know whether were on a right track especially if we needed the money since it can cause close account or postponement. What worst is if they find it out later when you already saved a lot in that exchanged.

[Oneandpure]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

When the first time exchange is not allow for member to withdraw their assets to gambling site, maybe you make big fund withdraw and I heard some exchange is make canceled and always get problem withdraw above 5k dollar, bad service from exchange market how ever what their business when some one want to withdraw to gambling site or not because this our money.

[romero121]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

When the first time exchange is not allow for member to withdraw their assets to gambling site, maybe you make big fund withdraw and I heard some exchange is make canceled and always get problem withdraw above 5k dollar, bad service from exchange market how ever what their business when some one want to withdraw to gambling site or not because this our money.

The amount isn't big, the withdrawal amount was $1000. Few exchanges are following certain regulations to keep everything recorded. In that particular exchange without KYC you cannot make any small trade. When making deposit into the exchange also I'm asked from which source is the amount. Whether it is from savings, investment or something else.

[ReiMomo]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

Exchanges that are mandated or registered in a country which prohibits gambling have these rules to not accept transactions of funds came from gambling. So there is a need to be careful on reading TOS or the sites rules and law to know whether were on a right track especially if we needed the money since it can cause close account or postponement. What worst is if they find it out later when you already saved a lot in that exchanged.

I think most exchange that has implement of KYC/AML implementation is a part of them not accepting fund that comes from the gambling.
That's what exactly right, the best thing to do before making such a transaction is always read the terms and conditions to avoid your account becomes lock or freeze by them.

Instead, why not send it first from your clean wallet from a gambling site and then send it to the exchange platform that you have used. There will be an always solution for this if we really want to.

[Saint-loup]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

That's a really weird experience, it's the first time I read that. But what I don't understand is how did they know the deposit address was belonging to a gambling site? Usually one address is at least generated for each account. So they have no way to guess that fresh address belongs to a gambling site. For me the issue was not related to the nature of the business of the recipient.

[ralle14]

That's a really weird experience, it's the first time I read that. But what I don't understand is how did they know the deposit address was belonging to a gambling site? Usually one address is at least generated for each account. So they have no way to guess that fresh address belongs to a gambling site. For me the issue was not related to the nature of the business of the recipient.

I'm not sure if most gambling sites still does this but I know a couple of sites like cloudbet sends all of the deposits they receive in their hot wallet and there are others that wait for the transactions to accumulate before they consolidate it as a way to save fees.

Instead, why not send it first from your clean wallet from a gambling site and then send it to the exchange platform that you have used. There will be an always solution for this if we really want to.

I guess OP wanted to save on the fees because last week there was a fee spike.

[Saint-loup]

That's a really weird experience, it's the first time I read that. But what I don't understand is how did they know the deposit address was belonging to a gambling site? Usually one address is at least generated for each account. So they have no way to guess that fresh address belongs to a gambling site. For me the issue was not related to the nature of the business of the recipient.

I'm not sure if most gambling sites still does this but I know a couple of sites like cloudbet sends all of the deposits they receive in their hot wallet and there are others that wait for the transactions to accumulate before they consolidate it as a way to save fees.

I'm sorry but I don't fully understand what you mean. Even if Cloudbet sends deposits to a cold wallet or another hot wallet, it can only do this after the funds have been received. So when the user sends his funds from the exchange, the exchange doesn't know yet that the funds will be transferred later to a known wallet belonging to a casino. From the exchange point of view, the address looks like any common wallet address when the user makes a withdrawal to his gambling account. 

[pilosopotasyo]

That's a really weird experience, it's the first time I read that. But what I don't understand is how did they know the deposit address was belonging to a gambling site? Usually one address is at least generated for each account. So they have no way to guess that fresh address belongs to a gambling site. For me the issue was not related to the nature of the business of the recipient.

Thye are good at tracing addresses I experience sending a small amount of Tron just to test it to my local exchange from one gambling site I'm playing and it never arrives and the support of the local exchange explained that all funds coming from gambling sites will not be credited, so fortunate that I did not send a huge amount, so better check your exchange's policy about deposit and withdrawal, it will save your funds.

[Oneandpure]

That's a really weird experience, it's the first time I read that. But what I don't understand is how did they know the deposit address was belonging to a gambling site? Usually one address is at least generated for each account. So they have no way to guess that fresh address belongs to a gambling site. For me the issue was not related to the nature of the business of the recipient.

Thye are good at tracing addresses I experience sending a small amount of Tron just to test it to my local exchange from one gambling site I'm playing and it never arrives and the support of the local exchange explained that all funds coming from gambling sites will not be credited, so fortunate that I did not send a huge amount, so better check your exchange's policy about deposit and withdrawal, it will save your funds.

I think not any problem when withdraw with small amount, its not trouble about withdraw to gambling site or not just happen because withdraw with bigger amount, almost exchange market want to make limited withdraw your fund and hope you hold assets on their exchange market.

[Saint-loup]

That's a really weird experience, it's the first time I read that. But what I don't understand is how did they know the deposit address was belonging to a gambling site? Usually one address is at least generated for each account. So they have no way to guess that fresh address belongs to a gambling site. For me the issue was not related to the nature of the business of the recipient.

Thye are good at tracing addresses I experience sending a small amount of Tron just to test it to my local exchange from one gambling site I'm playing and it never arrives and the support of the local exchange explained that all funds coming from gambling sites will not be credited, so fortunate that I did not send a huge amount, so better check your exchange's policy about deposit and withdrawal, it will save your funds.

Yes in this direction, from the online casino to the exchange, I agree it's feasible for the exchange to check the previous addresses of the funds and to spot a known cold/hot wallet of the casino, but in the other way, from the exchange to the gambling site it's not possible for the exchange to know if the recipient address belongs to a casino, except if the address is a hot wallet of course.
Besides, I'm really shocked to hear of exchanges doing this kind of things, if they are worse than the banks, cryptos will never be adopted by the people.

[ralle14]

I'm sorry but I don't fully understand what you mean. Even if Cloudbet sends deposits to a cold wallet or another hot wallet, it can only do this after the funds have been received. So when the user sends his funds from the exchange, the exchange doesn't know yet that the funds will be transferred later to a known wallet belonging to a casino. From the exchange point of view, the address looks like any common wallet address when the user makes a withdrawal to his gambling account.  

That's the thing, exchanges can't tell right away that those addresses come from casinos that's why these punishments take a while before they're handed out to their users. (that's what happened from my experience)

My point is similar to what pilosopotasyo said, gambling transactions can be traced by exchanges but it takes time for them to confirm those transactions.

[crzy]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

If you done KYC on those gambling site or Exchange then I also believe that there should be no issue on that, not unless you violate the rules and regulations of that gambling site or that exchange. I've tried withdrawing from duelbits to exchange and the transactions gone smoothly, this is kinda rare and maybe also depend on how much is your withdrawal, better to contact the support to confirm your problem.

[Fundamentals Of]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

If you done KYC on those gambling site or Exchange then I also believe that there should be no issue on that, not unless you violate the rules and regulations of that gambling site or that exchange. I've tried withdrawing from duelbits to exchange and the transactions gone smoothly, this is kinda rare and maybe also depend on how much is your withdrawal, better to contact the support to confirm your problem.

KYC is not the answer. It is a different thing altogether. If the exchange does not allow deposits from gambling sites or withdrawals to gambling site wallets, then they are simply not allowed. Whether you have undergone KYC or not, actions will be done to your account once it is discovered that you are involved in prohibited transactions.

The amount does not matter either. What's not allowed is not allowed regardless of the amount.

[romero121]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

If you done KYC on those gambling site or Exchange then I also believe that there should be no issue on that, not unless you violate the rules and regulations of that gambling site or that exchange. I've tried withdrawing from duelbits to exchange and the transactions gone smoothly, this is kinda rare and maybe also depend on how much is your withdrawal, better to contact the support to confirm your problem.

KYC is not the answer. It is a different thing altogether. If the exchange does not allow deposits from gambling sites or withdrawals to gambling site wallets, then they are simply not allowed. Whether you have undergone KYC or not, actions will be done to your account once it is discovered that you are involved in prohibited transactions.

The amount does not matter either. What's not allowed is not allowed regardless of the amount.

Yes, regardless of the amount will be the terms of the exchange. Here they accept deposit from a gambling website, but they won't allow withdrawal to gambling site. It doesn't look like a prohibited transaction, because they're accepting deposits and are against withdrawal.

[Fundamentals Of]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

If you done KYC on those gambling site or Exchange then I also believe that there should be no issue on that, not unless you violate the rules and regulations of that gambling site or that exchange. I've tried withdrawing from duelbits to exchange and the transactions gone smoothly, this is kinda rare and maybe also depend on how much is your withdrawal, better to contact the support to confirm your problem.

KYC is not the answer. It is a different thing altogether. If the exchange does not allow deposits from gambling sites or withdrawals to gambling site wallets, then they are simply not allowed. Whether you have undergone KYC or not, actions will be done to your account once it is discovered that you are involved in prohibited transactions.

The amount does not matter either. What's not allowed is not allowed regardless of the amount.

Yes, regardless of the amount will be the terms of the exchange. Here they accept deposit from a gambling website, but they won't allow withdrawal to gambling site. It doesn't look like a prohibited transaction, because they're accepting deposits and are against withdrawal.

Really? Now this becomes a curious case to me as well. Usually, if a site does not accept funds involved in gambling, that means both deposits and withdrawals are not allowed. So I think you are correct that this particular transaction is really not a prohibited transaction as per the site's terms of service. There must be something else. I hope this is not a way for the site to randomly block funds from getting out.

Did the exchange already respond to your communication?

[ethereumhunter]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

If you done KYC on those gambling site or Exchange then I also believe that there should be no issue on that, not unless you violate the rules and regulations of that gambling site or that exchange. I've tried withdrawing from duelbits to exchange and the transactions gone smoothly, this is kinda rare and maybe also depend on how much is your withdrawal, better to contact the support to confirm your problem.

Maybe we can try for a small amount first to see if there will be a problem or not. And if no problem at all, we can continue to withdraw for another amount, but it will better if we do not withdraw for big money at once because the casino will check the account first before they let the process continue. As long as we can follow the rule and not break it, we will be okay.

[Bitinity]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

If you done KYC on those gambling site or Exchange then I also believe that there should be no issue on that, not unless you violate the rules and regulations of that gambling site or that exchange. I've tried withdrawing from duelbits to exchange and the transactions gone smoothly, this is kinda rare and maybe also depend on how much is your withdrawal, better to contact the support to confirm your problem.

Maybe we can try for a small amount first to see if there will be a problem or not. And if no problem at all, we can continue to withdraw for another amount, but it will better if we do not withdraw for big money at once because the casino will check the account first before they let the process continue. As long as we can follow the rule and not break it, we will be okay.

Better to check the terms of the exchange instead of trying it with small amount. KYC is also has nothing to do with the terms of the exchange imho. If an exchange is against gambling activity, even if we have done KYC on both the casino and exchange then it will be a problem if we force ourselves to withdraw/deposit in exchange for gambling activity since terms is terms. It is even better if we do not do direct transfer from gambling site into exchange or vice versa. Using personal wallet is the best option.

[Silberman]

To trace who owns the funds withdrawn from the casino is unrealistic, so to avoid possible problems with regulators, many exchangers simply do not accept deposits from casino addresses. I think this is normal practice since casino withdrawal system can be compared to cryptocurrency mixer.

This is what exchanges do not want to happen, they don't want to be considered as a mixer so they have these terms or regulations that they do not want to have anything to do with gambling sites, so just follow their advice so you and your exchange will not get into trouble against regulators, they are also under strict regulation and they do not have full control of their decision and action.

That is their main reason why they do not want to accept payments coming from casinos, years ago before casinos changed their policies hackers used casinos to send their dirty coins and then withdraw immediately getting clean coins in the process, then they sent those coins to an exchange and did whatever they wanted, casinos took their own measures, now if you want to withdraw your coins you need to bet your capital several times there before you do so reducing the chances someone wants to use them as a mixer.

[carlfebz2]

To trace who owns the funds withdrawn from the casino is unrealistic, so to avoid possible problems with regulators, many exchangers simply do not accept deposits from casino addresses. I think this is normal practice since casino withdrawal system can be compared to cryptocurrency mixer.

This is what exchanges do not want to happen, they don't want to be considered as a mixer so they have these terms or regulations that they do not want to have anything to do with gambling sites, so just follow their advice so you and your exchange will not get into trouble against regulators, they are also under strict regulation and they do not have full control of their decision and action.

That is their main reason why they do not want to accept payments coming from casinos, years ago before casinos changed their policies hackers used casinos to send their dirty coins and then withdraw immediately getting clean coins in the process, then they sent those coins to an exchange and did whatever they wanted, casinos took their own measures, now if you want to withdraw your coins you need to bet your capital several times there before you do so reducing the chances someone wants to use them as a mixer.

They are fully aware with that and thats one of the main reasons on why they do set out those rules or terms that gambling funds shouldnt really be credited into someones account
specially if it do came from gambling and once get caught then you would surely be having a headache later on when they do caught you.

Exchangers are very keen when it comes to the origin of funds and since these platforms are regulated then they would really be restricting on whats been set.

So if you dont like to have problems then better to follow on whats been prohibited so that everything would go smooth.There are various ways on depositing into an exchange
without directly came from your gambling account.

[STT]

I guess OP wanted to save on the fees because last week there was a fee spike.

Ideally the casino themselves will allow different coins to be withdrawn and deposited, they can take a fee for exchanging but thats far more convenient and helps avoids all the fee congestion nonsense blocking free movement.
  I think the ideal is always going to be peer to peer especially where people want to cash out to FIAT and it complicates matters regarding all the national borders and differing rules on whether you are allow to freely exchange property or value.    Various forms of escrow might be the best development that occurs going forward ideally, rather then hoping the world of centralized processing and FIAT is going to mesh well with crypto.

[Saint-loup]

To trace who owns the funds withdrawn from the casino is unrealistic, so to avoid possible problems with regulators, many exchangers simply do not accept deposits from casino addresses. I think this is normal practice since casino withdrawal system can be compared to cryptocurrency mixer.

This is what exchanges do not want to happen, they don't want to be considered as a mixer so they have these terms or regulations that they do not want to have anything to do with gambling sites, so just follow their advice so you and your exchange will not get into trouble against regulators, they are also under strict regulation and they do not have full control of their decision and action.

That is their main reason why they do not want to accept payments coming from casinos, years ago before casinos changed their policies hackers used casinos to send their dirty coins and then withdraw immediately getting clean coins in the process, then they sent those coins to an exchange and did whatever they wanted, casinos took their own measures, now if you want to withdraw your coins you need to bet your capital several times there before you do so reducing the chances someone wants to use them as a mixer.

  On which casino did you see that please? It's the first time I read that "casinos" require to wager your deposit funds "several times".
Usually this kind of requirements only apply to bonuses or give aways. I'm sorry but doing that without any clear warning before accepting deposits from the user is just a scam. If you wager several times your capital you risk losing everything.

[ethereumhunter]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

If you done KYC on those gambling site or Exchange then I also believe that there should be no issue on that, not unless you violate the rules and regulations of that gambling site or that exchange. I've tried withdrawing from duelbits to exchange and the transactions gone smoothly, this is kinda rare and maybe also depend on how much is your withdrawal, better to contact the support to confirm your problem.

Maybe we can try for a small amount first to see if there will be a problem or not. And if no problem at all, we can continue to withdraw for another amount, but it will better if we do not withdraw for big money at once because the casino will check the account first before they let the process continue. As long as we can follow the rule and not break it, we will be okay.

Better to check the terms of the exchange instead of trying it with small amount. KYC is also has nothing to do with the terms of the exchange imho. If an exchange is against gambling activity, even if we have done KYC on both the casino and exchange then it will be a problem if we force ourselves to withdraw/deposit in exchange for gambling activity since terms is terms. It is even better if we do not do direct transfer from gambling site into exchange or vice versa. Using personal wallet is the best option.

Maybe that is the first thing that a gambler before he sends the money to the exchange, but mostly, a gambler will check it later after he feels that site can make him comfortable withdrawing the money. We can not blame a gambler if they do not check the terms of exchange or a gambling site, but KYC in the exchange seems to need to do because most exchange now applied that rule. Besides using the personal wallet, they can use mixer services, which could help him avoid tracking from the exchanges.

[jrrsparkles]

Sometimes some exchanges Don't allow founds from different gambling site and they postponed withdrawal and deposit. Exchanges have some regulations and rules where exchanges don't permit gambling fund and liquidities.

If you done KYC on those gambling site or Exchange then I also believe that there should be no issue on that, not unless you violate the rules and regulations of that gambling site or that exchange. I've tried withdrawing from duelbits to exchange and the transactions gone smoothly, this is kinda rare and maybe also depend on how much is your withdrawal, better to contact the support to confirm your problem.

KYC is not the answer. It is a different thing altogether. If the exchange does not allow deposits from gambling sites or withdrawals to gambling site wallets, then they are simply not allowed. Whether you have undergone KYC or not, actions will be done to your account once it is discovered that you are involved in prohibited transactions.

The amount does not matter either. What's not allowed is not allowed regardless of the amount.

Yes, regardless of the amount will be the terms of the exchange. Here they accept deposit from a gambling website, but they won't allow withdrawal to gambling site. It doesn't look like a prohibited transaction, because they're accepting deposits and are against withdrawal.

Really? Now this becomes a curious case to me as well. Usually, if a site does not accept funds involved in gambling, that means both deposits and withdrawals are not allowed. So I think you are correct that this particular transaction is really not a prohibited transaction as per the site's terms of service. There must be something else. I hope this is not a way for the site to randomly block funds from getting out.

Did the exchange already respond to your communication?

Actually, I have seen this coinbase exchange since they will not allow deposits into their accounts from gambling sites, if you do then your account will be terminated but you can withdraw the funds to any address no matter where it belongs to but it may changed over time since I am not using it for very long time.

[hahay]

Yes, some don't accept withdrawals to gambling sites but I'm not into that, just sometimes I'm careful about cases like this just don't want transactions to stagnate because of course it will be annoying. But even so, I don't think there are many exchanges that implement this system, so there are still many places for you to use other exchanges and that you have proven yourself but indeed, if you do that, of course you will lose even before betting.

[aysg76]

Most of the gamblers use decentralised exchanges for this purpose and P2P fund transfer due to such restrictions or use of mixers another option but it reduces the profits in the form of fees.Most of the exchange allow gambling funds to flow into your wallet but some have restrictions as per thier legal working which is mentioned in their FAQ or T&C which you can read at priority basis if you wish to do gambling with these exchanges.Use your own wallets for such bets instead which is more helpful to you.

[Mahanton]

Yes, some don't accept withdrawals to gambling sites but I'm not into that, just sometimes I'm careful about cases like this just don't want transactions to stagnate because of course it will be annoying. But even so, I don't think there are many exchanges that implement this system, so there are still many places for you to use other exchanges and that you have proven yourself but indeed, if you do that, of course you will lose even before betting.

Dont really like to be put up into that kind of situation on where you are stagnate because of the mistakes that you had done even though you are aware or bit common when it comes to site terms.
If we are aware then why would really tend to go or proceed? This would just be a hassle if you get caught. Exchange platforms are really that prohibiting those gambling funds
to be funded or credited into their site since there are laws which these platforms had been following and its just right that they would need to comply.

[Silberman]

Yes, some don't accept withdrawals to gambling sites but I'm not into that, just sometimes I'm careful about cases like this just don't want transactions to stagnate because of course it will be annoying. But even so, I don't think there are many exchanges that implement this system, so there are still many places for you to use other exchanges and that you have proven yourself but indeed, if you do that, of course you will lose even before betting.

You are correct when you say that not every single exchange implements this system but there are exchanges that do which is why it is important to always read the terms and conditions of exchanges and gambling platforms so you do not get surprised by their behavior, in fact a great deal of the scam accusations that we see in the forum come from people that did not read those conditions and they believe they are being scammed when they in fact accepted what is happening to them and they are the ones at fault for causing the situation on the first pace and by being ignorant about it.

[Vaskiy]

I'm not sure about it, but there are some trusted wallets like trust wallet that can be used to store any cryptocurrency. The wallet is simple to use and I don't think it has got restrictions with withdrawal and deposit. What's been discussed here is about the exchange, but if you're in need of using that particular exchange then you can either choose another exchange or you can use a wallet in between and make the transaction.

[BlackFor3st]

Have any one experienced withdrawal/deposit being stopped by exchanges, just because the amount is getting moved to a gambling site. Recently I made withdrawal from a gambling site to an exchange. After that as I wasn't able to participate in one of the IEO launch I withdrew it back to the gambling site. For days it didn't get transacted. The first transaction automatically got cancelled. The second one was under process, but there is no details about it. Later through the support team came to know about the issue and then I moved the fund to another exchange and from there I deposited back to the gambling site.

I believe this is being followed for the purpose of making everything transparent and not to get into illegal things. If thats the case then these exchanges shouldn't accept funds from gambling sites.

I've been doing this multiple times from exchange to gambling site but I haven't noticed any changes on my account, may I ask what exchange site you are using when you experience this? It's really a bit alarming that they exchange site were aware where you are withdrawing your money.

[famososMuertos]

.../quote´¨/...:

There are several casinos who demand a 1x before removing, others do not demand anything but if you deposit $ 20 they ask for a minimum withdrawal of $ 40 for example.

They are not all the casinos, but if it is a practical quite common that the withdrawal is greater than the deposit.

[RealMalatesta]

There are several casinos who demand a 1x before removing, others do not demand anything but if you deposit $ 20 they ask for a minimum withdrawal of $ 40 for example.

They are not all the casinos, but if it is a practical quite common that the withdrawal is greater than the deposit.

That's right and last time I deposited at sportsbet.io and withdrew immediately, I got a message that I must wager 1x before withdrawing and I fully understand why they require us to do that. Sportsbet pays the transaction fee and hence makes sense for them to require the user wager before withdrawing otherwise players might use the gambling platform as a wallet.

Bitsler has a 15% deposit wager requirement before withdrawing or you are asked to do your KYC. At stake, I don't know if such rules are in place but occasionally they put withdraw to pending when you deposit and withdraw without playing at all. There are many reasons these casinos are forced to do this, one of them is the money laundering risk.

[goinmerry]

At stake, I don't know if such rules are in place but occasionally they put withdraw to pending when you deposit and withdraw without playing at all.

Just to clarify, are you talking about terms on first deposits?

Not sure but I think Stake doesn't have terms like that. New to the site, already got deposit but didn't try to withdraw there yet.

I'm not sure about it, but there are some trusted wallets like trust wallet that can be used to store any cryptocurrency. The wallet is simple to use and I don't think it has got restrictions with withdrawal and deposit.

What they are after is a direct transaction with an exchange wallet so that no need to send it first thru other wallets (like Trustwallet) to save fees and converting or withdrawing it to cash will be easy. Less hassle but sometimes, as they say, transactions are tagged as suspicious if come from gambling sites although I didn't experience it yet even there are several times already I made a transaction between exchanges and gambling sites.