Best wallet for Crypto Sportbooks deposits/withdrawals?

[ralle14]

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

I checked Binance's TOS multiple times and there's nothing mentioned about restricted transactions coming from other services so it should be fine.

The only issue is that in the future they could make some changes in the TOS and include those restrictions.

i not really really recommend non custodial specially if funds been holding is for long term too.

Why not ? non custodial is better because you have control over your wallet.

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[Kyraishi]

Just make sure that you're not using any centralised exchange/hosted wallet.

Fact of the matter is that even if they don't explicitly ban the withdrawal/deposit of gambling related funds into their site, they can always change that stanec and freeze your account.

You don't want to risk that imo. Just stick to the basic stuff - Electrum if you can get desktop applications, or Blockchain.com if you need a browser version.

[Reid]

Just make sure that you're not using any centralised exchange/hosted wallet.

Fact of the matter is that even if they don't explicitly ban the withdrawal/deposit of gambling related funds into their site, they can always change that stanec and freeze your account.

You don't want to risk that imo. Just stick to the basic stuff - Electrum if you can get desktop applications, or Blockchain.com if you need a browser version.

I agree. Electrum might be the best user-friendly and free application out there to store your Bitcoins.
The problem with centralized wallets is they might freeze your funds if they see most withdrawals came from a gambling site.
Just to be on the safe side, send it to something with your ownership.
You might spend more from withdrawal fees from the gambling site then, another if you want to exchange it for cash but if it means the whole security is fine then just do the longest method.
You prevented your funds from being frozen and remained part anonymous.

[Renampun]

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

you didn't go into detail about your question, you didn't explain what coin you used...

So far I use trust wallet and safepal to make multi-coin transactions to my subscription gambling site. I don't have any problems and what I like the most is that we can customize the bitcoin fee.

[kkaroul4]

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

That's not even a wallet of course it's not safe. It's an exchange wallet, try to download a software wallet like Bitcoin core or Electrum wallet for Bitcoin wallet and use other software for other cryptocurrency. Remember that if you don't have the private key of your wallet then that's not even your wallet at all.

[agustina2]

Can anyone tell me how will centralized know that the funds came from a gambling site?  I'm only seeing threads before that someone claimed their account got frozen because funds came from a gambling site but no proof that the site itself tells their users that's the exact reason. Coinbase for example but not seeing cases like that in Binance. I think there is another reason why their account got frozen and not because the money was coming from a gambling site.

Furthermore, if OP is really worried, then an extra step of using a non-custodial wallet is necessary.

[Bitinity]

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.

I dont really get what you mean with the bold part of your statement. Do you mean to say transferring money between gambling sites like I withdraw from duelbits and deposit it directly to rollbit? If you say so, I do not think there is a site that restrict such activity because I do not see any reasons why gambling sites restricts their player to deposit from other gambling sites.

[YOSHIE]

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

it's a constant choice if you are a serious gambler, Non-custodial Wallet, for now one of the most preferred options used by many gambling addicts, Besides being safe for yourself. Non-custodial wallets, only you can access your private keys. You also have freedom about your funds. That's why I advise you because you are using a non-custodial wallet, so the security of your own private key is responsible for this, so be careful and always place it in the safest position and easy to use, don't lose it, it can be fatal.

[michellee]

Most of us agree to use separate wallets such as Electrum, Trust, Exodus, Guarda, Coinomi or Jaxx for multi coins because we control the wallet and we do not have to be afraid of prohibition that we can get in the future if we use a wallet from the exchanges or other web-based wallet.

Maybe the exchanges still allow us to send or deposit our funds through gambling sites to that exchanges but the exchanges can change their policy in the future and mostly, we are not aware of that.

[ralle14]

I dont really get what you mean with the bold part of your statement. Do you mean to say transferring money between gambling sites like I withdraw from duelbits and deposit it directly to rollbit? If you say so, I do not think there is a site that restrict such activity because I do not see any reasons why gambling sites restricts their player to deposit from other gambling sites.

I guess it's possible for some casinos to link the hot wallets whenever they withdraw from site to the other but from my experience sending funds directly shouldn't be an issue though it's better to use non custodial for miner fee reasons.

Can anyone tell me how will centralized know that the funds came from a gambling site?  I'm only seeing threads before that someone claimed their account got frozen because funds came from a gambling site but no proof that the site itself tells their users that's the exact reason. Coinbase for example but not seeing cases like that in Binance. I think there is another reason why their account got frozen and not because the money was coming from a gambling site.

Because there's a way to track and label the casino's hot wallet for example if you check wallet explorer you'd see publicly labeled addresses between crypto casinos and other services. What more if there's a paid service that offers more links between casinos. 

[harizen]

Maybe the exchanges still allow us to send or deposit our funds through gambling sites to that exchanges but the exchanges can change their policy in the future and mostly, we are not aware of that.

I think when depositing to a gambling site, there will be no problem. But when withdrawing or receiving from gambling sites, that might trigger the bell.

As far as OP's question is concerned, he can still use Binance without worries of the account being locked due to gambling as there are no rules about it. If there's a change of terms and policy, Binance always updating their users but I doubt they will more concerned about money coming from a gambling site unless they detected an alarming transaction.

[hello_good_sir]

Agree what everyone else said.

Do NOT go with a custodial wallet. That would be incredibly foolish as they reserve all rights to suspend your account if they see fit - and I'm sure with thousands of dollars on the line they would be very welcoming of any opportunity to hold user funds.

Especially avoid sites like Coinbase which are a) publicly listed, so heavily scrutinised and b) have a historical record of suspending user accounts who dabble in gambling.

[Zilon]

A non-custodial wallet will do just fine but haven't heard of Binance suspending account due to gambling activities. But if you feel insecure using exchanges then you go for a non-custodial wallet instead then save your self the stress of cross-checking your custodial wallet at regular interval due to fear of it been suspended. Take full charge of your coin and how you move them across gambling sites.

[Peanutswar]

Some people are using exchanges such as binance for their deposits and withdrawals because they don't have any kind of wallet which is just okay if those exchanges are supported by your fiat currency or withdrawal and deposit. As far as I know base on my experience that wallet good for bitcoin is the Electrum wallet but if you want to use other coins you can try the Exodus and trust wallet but try to figure out the transaction fees first they have different values of fees.

[michellee]

Maybe the exchanges still allow us to send or deposit our funds through gambling sites to that exchanges but the exchanges can change their policy in the future and mostly, we are not aware of that.

I think when depositing to a gambling site, there will be no problem. But when withdrawing or receiving from gambling sites, that might trigger the bell.

As far as OP's question is concerned, he can still use Binance without worries of the account being locked due to gambling as there are no rules about it. If there's a change of terms and policy, Binance always updating their users but I doubt they will more concerned about money coming from a gambling site unless they detected an alarming transaction.

Maybe to prevent something worse that might happen, he can try to use another wallet than Binance wallet so that it will not be related to any exchanges, and he can send it to Binance wallet if he wants to sell the bitcoin. Or he can use a bitcoin mixer before sending it to his Binance as that can be another solution from his concern.

Withdrawing from gambling sites will not have a problem unless he wants to withdraw a big amount. If so, it can make the alarm will sound. As long as he does not break any policy from the gambling site, he will be okay.

[Tumanggor]

for bitcoin wallet only you can use bluewallet and electrum
while for multi coins you can use exodus, safepal and atomic

all the wallets that I wrote above are highly recommended to withdraw or deposit to your favorite crypto gambling site
don't use an exchange wallet because worried that your account could be locked

[just_Alice]

Maybe the exchanges still allow us to send or deposit our funds through gambling sites to that exchanges but the exchanges can change their policy in the future and mostly, we are not aware of that.

I think when depositing to a gambling site, there will be no problem. But when withdrawing or receiving from gambling sites, that might trigger the bell.

As far as OP's question is concerned, he can still use Binance without worries of the account being locked due to gambling as there are no rules about it. If there's a change of terms and policy, Binance always updating their users but I doubt they will more concerned about money coming from a gambling site unless they detected an alarming transaction.

Yeah, they don't have such rules, for now. But why store all your money on the exchange at all? Why create yourselves a problem, and worry that any coming day they can change the rules, when there are much safer ways, such as hardware wallets? Not only from the point that it doesn't restrict depositing/withdrawal from gambling sites, but smaller risk of being hacked, tracked, etc. The safer - the better.

[DoublerHunter]

for bitcoin wallet only you can use bluewallet and electrum
while for multi coins you can use exodus, safepal and atomic

all the wallets that I wrote above are highly recommended to withdraw or deposit to your favorite crypto gambling site
don't use an exchange wallet because worried that your account could be locked

I’ll go for Electrum with this one and I’m using this as well since I can’t use an exchange wallet for that reason as well, they can really freeze your account especially if there’s big money that comes from gambling to your exchange wallet. I’m using trust wallet for the altcoins though i rarely use it since I always gamble with Bitcoin.

^ Be careful of using Electrum and directly send to your custodial wallet, because it could be detected by the custodial wallet service that the fund came from the gambling company which is most of the custodial wallets they are freezing the fund if they found out that it came from gambling. I used sometimes BTC mixers for this if I will not convert my BTC to altcoins. But it does, that is fine, from BTC to XRP or USDT will be fine, your BTC transaction that comes from a gambling site will not be traceable by the custodian wallet and exchange into fiat.

[crzy]

I’m using an exchange wallet without experiencing any problem here, maybe its because the amount of money is just small. Well, to be more safe I have to think for other options as well and many here suggested Electrum, I’m not sure though if it will work. How about if you’re going to withdraw and deposit thru LTC? Any good wallet to use for?

[Lanatsa]

I’m using an exchange wallet without experiencing any problem here, maybe its because the amount of money is just small. Well, to be more safe I have to think for other options as well and many here suggested Electrum, I’m not sure though if it will work. How about if you’re going to withdraw and deposit thru LTC? Any good wallet to use for?

Litecoin wallet you've been seeking?

Aside from exchangers then you can make use of HW like Trezor and Ledger nano.

For Desktop wallets then make use of Exodus,Atomic,Jaxx,Litecoin core and Electrum LTC. It doesn't matter which one and find out what suits out your needs.