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Author Topic: Best wallet for Crypto Sportbooks deposits/withdrawals?  (Read 648 times)
chaser15
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August 25, 2021, 04:06:37 PM
 #81

Better if it goes like this

exchange<=>Electrum<=>Mixer<=>Electrum<=>Casino

Because casinos also can freeze our account if it comes from mixing website due to AML policy.

Not questioning your way but are you guys really serious that mixer should also be included in the process.

Just take your betting simple and easy. Use an exchange that doesn't have terms on gambling like Binance. They won't freeze your account because of gambling. If there's a change of policy they will make an announcement about it. If still worried, then take some extra steps by using Electrum. No need for any mixing service. It's too much for a step on me especially if you are just an average gambler.

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panjul07
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August 25, 2021, 04:43:18 PM
 #82

OP can simply use an electrum wallet but even if he uses exchange<=>Electrum<=>Casino still the exchanges will find the transaction based on tracking and will freeze the account especially the coinbase.
Seems yes, maybe the user may set the table like this : exchange<=>Electrum<=>Mixer<=>Casino, vice versa
Better if it goes like this

exchange<=>Electrum<=>Mixer<=>Electrum<=>Casino

Because casinos also can freeze our account if it comes from mixing website due to AML policy.

Why we should do such complicated process just for gambling?
Above complicated process may cost some money and wont really worth for small amount of money.
Simply choose any exchanges that does not against gambling, this way we do not need to spend more money for several transactions.

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fullhdpixel
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August 25, 2021, 05:24:08 PM
 #83

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 would depend on the type of coins you use. I use trustwallet and it almost covers all the bases, it provides multiple coins support and has a good security system and on top of everything, it's easy to access on the mobile and scan to send coins quickly.

I don't like the fact that OP is using Binance as a wallet for gambling because of 3 reasons

1- High fees on withdrawal that Binance charges
2- It takes some 5-10 mins usually to get your coins which isn't ideal always
3- It's evident from the past, using an exchange as wallet is risky

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pinggoki
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August 25, 2021, 06:39:08 PM
 #84

Accessibility and ease-of-process, digital wallets, especially exchange wallets like Binance works best because you can easily route them to your gambling account and basically start from there. Although these options aren't as safe as personal wallets and physical wallets that are more focused on security of your coins above anything else. Personally what I do is I have a personal wallet where I collectively save all of my cryptocurrencies and I just fund my Binance wallet whenever necessary. This allows me to ensure that worse comes to worst, I wouldn't lose all of my hard-earned assets at once.
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 would depend on the type of coins you use. I use trustwallet and it almost covers all the bases, it provides multiple coins support and has a good security system and on top of everything, it's easy to access on the mobile and scan to send coins quickly.

I don't like the fact that OP is using Binance as a wallet for gambling because of 3 reasons

1- High fees on withdrawal that Binance charges
2- It takes some 5-10 mins usually to get your coins which isn't ideal always
3- It's evident from the past, using an exchange as wallet is risky
Coinbase and trustwallet top my list for their vast array of coins that are listed, although I am a bit wary with these wallet exchanges since these are the ones that gets hacked the most, apart from Binance. Then again the benefits outweigh the detriments for me which so rarely happen anyway that I can just shrug it off. Although of course as stated above I have a personal wallet where I store most of my assets.

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August 25, 2021, 07:39:01 PM
 #85

Better if it goes like this

exchange<=>Electrum<=>Mixer<=>Electrum<=>Casino

Because casinos also can freeze our account if it comes from mixing website due to AML policy.

Not questioning your way but are you guys really serious that mixer should also be included in the process.

Just take your betting simple and easy. Use an exchange that doesn't have terms on gambling like Binance. They won't freeze your account because of gambling. If there's a change of policy they will make an announcement about it. If still worried, then take some extra steps by using Electrum. No need for any mixing service. It's too much for a step on me especially if you are just an average gambler.
I guess we are talking about someone who is from a place where gambling is restricted or am I wrong?

You no need to do all such process when you are ready to give your tracking records and paid taxes even for your gambling rewards.

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