Withdrawal/Deposit Issues

[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.

[1715338758]

1715338758

[1715338758]

1715338758

[1715338758]

1715338758

[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.