Best wallet for Crypto Sportbooks deposits/withdrawals?

[crwth]

They are just a typical casino that offers popular games and they do not offer bookies per this article.

Thank you for clarifying this. I wasn't able to do some searches about it and my internet is kind of crappy right now and it doesn't load. Maybe they would have this type of section on their site, it's a great benefit to have this as well. What I like about the idea is that they have ease of transfers when needing funds or something.

[cabron]

Is using Binance wallet for gambling illegal?

Any wallet can be good and safe to use as long as you don't give away your private key to the casino. Been using all the wallets I've had for casinos actually even the MEW which I would connect to a casino app. I'm not sure how safe it is but as long as I don't have huge ETH there, it's fine. A good practice to just put small money inside a wallet that will be used for gambling.

[Reatim]

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

I have seen a topic like this before, but I forget which board. the solution is one, don't put your balance in an exchange wallet, use the wallet to which your own the key after that transfer it from your own wallet to exchange. this trick will save you from banning deposits from gambling sites.

Just like almost all the replies above , Don't put your funds directly from Gambling sites to Exchange specially binance because the opportunity of getting frozen or banned are there.

There are several issues here that says binance hold their funds because being found that the amount comes from gambling in which most exchange does not support .

Is using Binance wallet for gambling illegal?

I'm not sure if this is illegal but it is not safe because of some cases that tackled here even before.

and also our own local Exchange prohibit us to put the funds directly from gambling site because you will be banned.

[SquirrelJulietGarden]

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

The best wallet is non-custodial wallets: Bitcoin Core, Electrum wallet. If you don't want to spend too many storage space for your wallet, Electrum wallet is the best, it is a SPV wallet and does not require too much storage space.

[GUIDE] How to Safely Download and Verify Electrum. Verify your Electrum wallet as the guide topic shows.

Gambling sites have strict rules for deposits and mixers/tumblers. You have to read their rules about Tumbling, mixing in either FAQ or ToS (Term of Service). Try to search with KYC, AML, tumbling, mixing, etc.

With non-custodial wallets, you have private keys and can use Coin Control feature for your inputs when you broadcast your transactions to exchange or gambling site.
https://bitcoincore.org/en/download/
https://electrum.org/#download
Recommended wallets. If you want to broadcast your transactions with Tor and Coin Join transactions, use Wasabi wallet.

[ethereumhunter]

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

I have seen a topic like this before, but I forget which board. the solution is one, don't put your balance in an exchange wallet, use the wallet to which your own the key after that transfer it from your own wallet to exchange. this trick will save you from banning deposits from gambling sites.

Yes, it is. It is better to use another wallet that will use to deposit and withdraw the win money. We can keep the funds in that wallet and not send to anywhere except to deposit on the gambling site. But you can send it to the exchange if you want to convert the coin into fiat money. That will be better for you as you do not want to have a problem with the gambling site or the exchanges.

[Chato1977]

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

I have seen a topic like this before, but I forget which board. the solution is one, don't put your balance in an exchange wallet, use the wallet to which your own the key after that transfer it from your own wallet to exchange. this trick will save you from banning deposits from gambling sites.

Yes, it is. It is better to use another wallet that will use to deposit and withdraw the win money. We can keep the funds in that wallet and not send to anywhere except to deposit on the gambling site. But you can send it to the exchange if you want to convert the coin into fiat money. That will be better for you as you do not want to have a problem with the gambling site or the exchanges.

Yes never put your Funds in any exchange for long time because the opportunity of losing is always there.
and also most exchange prohibit user to transfer funds from gambling sites because they are preventing from breaking laws in their respective countries about KYC.

[seoski]

It seems that I opened very nice topic which will help many other users in my opinion.

Thank you for you great response guys/girls!!

So I will choose Electrum non-custodial wallet for gambling purposes.

Again, thank you for great feedback!

[Bitinity]

I'm using exodus for my recent gambling activity, I was using electrum in the past but since I'm not playing with bitcoin only then I moved to Exodus where I can store multi currencies at one place. Sometime I use local exchange when I have no crypto at all and I need to buy it from exchange, so far so good without any issues but you need to make sure that gambling activity is not something against the rules of the exchange. Otherwise you'll get a serious problem and you may lose your funds.

[harizen]

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

I've never heard of Binance taking action against transactions between them and gambling sites. From my own experience, I do that several times already without a problem.

I doubt that was the case but mostly, accounts locks are due to some other reasons like flagged and alarm transactions, unauthorized login attempts, or something along those lines, etc. Binance users are free to withdraw up to BTC2 per day without KYC so I conclude that they are not that strict too on gambling transactions. However, if the amount involved is decent, just withdraw it in batches.

Using a non-custodial wallet is the recommended one in terms of "Safety" but if you are regularly funding your gambling site account, you can directly transact with Binance.

Or if you really want to make sure that everything goes without a problem then;
- Deposit fiat and purchase crypto at your preferred exchange
- Transfer to your non-custodial wallet
- Transfer to the gambling site

For withdrawals
- Gambling site > Non-Custodial Wallet > Exchange

EDIT: (for correction)
Daily withdrawal limits for Basic Account reduced from BTC2 to BTC0.06.
First saw it here: https://bitcointalk.org/index.php?topic=5351522.0;topicseen
Binance: https://www.binance.com/en/support/announcement/9df8225c061b455da5c7cc293cd08a70

[Cling18]

When it comes to exchange, I prefer Binance not just because it's famous but it's been trusted for a long time. I also find it convenient to use since its user friendly. When it comes to the wallet, I prefer using a hard wallet in storing my funds. I'm trying to get rid of online wallets because hacking could be everywhere.

[michellee]

It seems that I opened very nice topic which will help many other users in my opinion.

Thank you for you great response guys/girls!!

So I will choose Electrum non-custodial wallet for gambling purposes.

Again, thank you for great feedback!

That is good if you finally choose Electrum. Just remember not to share your key to others and keep it for yourself.

==

Finally, Binance reduces the withdrawal limit from 2BTC to 0.06 BTC. But we still need to verify ourselves before withdraw. So before the new rule applies, we can withdraw it to the other account if we still do not want to verify ourselves.

I tried to move some balance from Binance to the other wallet just if I forget to do that before the new rules apply. We can use the basic verification on Binance to still withdraw, and no matter if that is 0.06BTC, that will be enough for people who do not want to do complete verification.

[SquirrelJulietGarden]

When it comes to exchange, I prefer Binance not just because it's famous but it's been trusted for a long time. I also find it convenient to use since its user friendly.

Like Binance or not, you should decentralize your crypto on a few exchanges if you store your capital on exchange wallets.

However, it is not the best advice to store your capital on crypto exchanges. You can not control what might happen with exchange (hack, crackdown, scam exit, etc.). You can not control your private key.

When it comes to the wallet, I prefer using a hard wallet in storing my funds.

If you don't have hardware wallet, you can use non custodial wallets: Bitcoin Core, Electrum wallet, Wasabi wallet for your Bitcoin.
https://www.lopp.net/bitcoin-information/recommended-wallets.html

[imstillthebest]

When it comes to exchange, I prefer Binance not just because it's famous but it's been trusted for a long time. I also find it convenient to use since its user friendly. When it comes to the wallet, I prefer using a hard wallet in storing my funds. I'm trying to get rid of online wallets because hacking could be everywhere.

i think hacking is not his concern but the blocking of his withdrawals and deposits because some wallets are strict when it comes to transfering funds to gambling sites but no doubt that binance is one of the best exchanges and we can still continue using it but we should first create another wallet preferably the wallet where we can own our keys because they dont have restrictions and we can send the funds their before sending it to binance or to a gambling site if we are depositing .

[shasan]

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

Withdrawals  from online casinos doesn't hold  any special requirements  therefore you should always use  the wallet/s which you used to use in your everyday activities with bitcoin. My favorite wallets to use for crypto  gambling are Bitcoin Core and Electrum.  I prefer the desktop wallet of the  latter rather than its mobile variant because any mobile wallet is the threat to my privacy.  More on that is ^here TL;DR. Don't use mobile wallets for crypto gambling.
  

Using electrum might be the best choice for those who will use it for bitcoin only but it doesn't support any other crypto. I also use electrum for bitcoin, dogechain for dogecoin, myetherwallet for ethereum and for others use exchange site.

[Quidat]

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

I would say that it is somewhat safe since its an outgoing transactions on where these platforms wont really be that keen nor minding on where those funds  do go and they do only matter on the  funds that do inbound into your account which if you do deposit something came from a gambling site then it would be mostly  against their TOS and for most platforms would really be just the same. Asking out on what wallets are worth to make use into  your gambling then it doesnt matter but i do much prefer on using non-custodial ones like Electrum for Bitcoin and Myetherwallet for Erc20 and so forth. You wouldnt know on when those platforms would
be hacked and since you dont possess the keys of certain wallet then those coins are never been yours in the first place.

[shasan]

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

I would say that it is somewhat safe since its an outgoing transactions on where these platforms wont really be that keen nor minding on where those funds  do go and they do only matter on the  funds that do inbound into your account which if you do deposit something came from a gambling site then it would be mostly  against their TOS and for most platforms would really be just the same. Asking out on what wallets are worth to make use into  your gambling then it doesnt matter but i do much prefer on using non-custodial ones like Electrum for Bitcoin and Myetherwallet for Erc20 and so forth. You wouldnt know on when those platforms would
be hacked and since you dont possess the keys of certain wallet then those coins are never been yours in the first place.

The sites who has no private key and/or who has no passphrase or something like that are not safe. And also many exchange site does not allow their user to gamble. For example coinbase does not support their user to deposit/withdraw on/from any gambling sites. If they find out it happen then they disable their users account.

[Fortify]

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

Do you have any real evidence or has there been many complaints about Binance doing that? I would think it would be extremely bad for business and don't understand why they would restrict peoples wallets like that with all the other type of activity they allow (e.g. high leverage trading). It is possible they are gearing up for a stock market listing so are trying to scrub activities they perceive as "illicit" or vulnerable to money laundering, but any major provider would face the same theoretical obstacle. You could always try Kraken or Coinbase, but maybe it is best to control your own wallet via the Bitcoin core if you think this will be a long term activity.

[goinmerry]

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Not a suggestion but just want to share with you that I already did lots of lots of transactions between Binance and a gambling site. Don't worry. If the transacton is not questionable, you shouldn't have a problem. Gambling sites are also a professional business.

Without valid proof that Binance locked up accounts about gambling transactions, don't believe in it.

Those who locked their accounts maybe violate other terms, not related to gambling.

[Hamphser]

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Not a suggestion but just want to share with you that I already did lots of lots of transactions between Binance and a gambling site. Don't worry. If the transacton is not questionable, you shouldn't have a problem. Gambling sites are also a professional business.

Without valid proof that Binance locked up accounts about gambling transactions, don't believe in it.

Those who locked their accounts maybe violate other terms, not related to gambling.

You can risk out but for sure it is written into their TOS but since you do already have the experience and prove it out then its safe to presume that it is still possible to do so but always mind off the risk

because we dont know on whats up into their minds but if they do really mind off on getting users and retaining it then most likely they wouldnt really care at all on where those funds came from on the first place.

Use the wallet that would really suit out your needs or preference but i not really really recommend non custodial specially if funds been holding is for long term too.

[Johnyz]

Hi guys.

What is best/safest/easiest wallet to use for crypto gambling?

Currently I am using Binance wallet, but I heard that they can lock account and ask about these transactions.

Regards

Yes some gambling site restrict you from depositing cryptos that comes from gambling site, you can use electrum for Bitcoin wallet and trust wallet or metamask for altcoins, thru this wallet you don’t need to fill up any KYC, you just have to protect your seed phrase and keep it on a safer place, don’t share it to anyone.