[WARNING!] For gamblers using coins.ph

[Distinctin]

I tried to send XRP to one of the gambling sites I'm using, but I was prompted with this message.



Therefore I'm suggesting everyone especially from the Filipino community who are constantly transacting from coins.ph to a gambling site/s or vice versa. The BSP is already monitoring us, and if we submit the information and put a gambling site as a recipient, we might be sanction as gambling is illegal in our country and it's part of the TOS of the coins.ph that sending coins to a gambling platform is prohibited.

you may refer to the complete terms of services of coins.ph.

https://site.coins.ph/user-agreement

Prohibited Uses include transactions or activities related to:
(c) Gambling: Online gambling, lotteries, casinos and informal gambling, gaming operations, sports betting, and other games of chance and forms of speculation;

[Peanutswar]

Before I used the coins.ph for withdraw and deposit but there's no restriction prompt on my transaction, they stated already that they prohibits the use of deposit and withdrawal into a gambling platform you can use an exchange to deposit or withdraw to your platform. If you are a filipino I guess this topic could be discuss here https://bitcointalk.org/index.php?topic=1558587.0

[Russlenat]

Before I used the coins.ph for withdraw and deposit but there's no restriction prompt on my transaction, they stated already that they prohibits the use of deposit and withdrawal into a gambling platform you can use an exchange to deposit or withdraw to your platform. If you are a filipino I guess this topic could be discuss here https://bitcointalk.org/index.php?topic=1558587.0

Not everyone is active in the local, so I guess this is a good awareness for everyone who is still gambling using their coins.ph account as their sender and receiver. There were talks in the past already that their account was lock and they suspected it's because the account is used for gambling purposing.

I'm guilty of using my account in gambling too, so I have a fear that one day it might get locked.

[Sanitough]

Thanks, this is quite new to me, usually, it doesn't ask you to provide information of to whom you are sending your crypto, I'm not sure what's the intention, but if that's the case, then gambling anonymously is not achieve using the site and this might be just a warning too that the government is already watching us closely.

[Zilon]

I think since gambling is banned in your country it would be wise enough caution is applied it is very obvious the government are monitoring it's citizens and your funds might be siezed if you try funding your account or could be used as a means to trap or track users. Gambling on foreign gambling sites that has no restrictions would be a better alternative

[blockman]

It's never been advisable to use your coins.ph wallet to send and receive transfers from casinos and it's been their rule for a long time. It's on their TOS even if they're not too strict before, I've never done that with my wallet there because I just avoid being flagged by them if they happen to detect and trace it. By not being aware of that rule and following such will lead them to ban your account. I've read a lot of those people that have done those prohibited including the gambling part.

[dothebeats]

My account was closed in 2018 because I sent and received funds from a gambling platform TWICE. I even went to their main office and asked why they were so quick to close my account and what will happen to my balance (which isn't even that huge. They just said that they are prohibiting any such activities on their wallets related to gambling. There were no communications on the changes back then, they simply just closed my account without any clear explanation on the email, which prompted me to go to their office and still lose the account.

It's good that they are now open on these small details unlike my case back in 2018. Online gambling is still heavily frowned upon by the PH government, so I'm not really surprised if coins.ph follows these strict regulations. They already are an established platform and they just don't want to risk their status by allowing a few gamblers to use their site on sending and receiving funds from sources which the PH government deems illegal at this point.

[robelneo]

I tried to send XRP to one of the gambling sites I'm using, but I was prompted with this message.



Therefore I'm suggesting everyone especially from the Filipino community who are constantly transacting from coins.ph to a gambling site/s or vice versa. The BSP is already monitoring us, and if we submit the information and put a gambling site as a recipient, we might be sanction as gambling is illegal in our country and it's part of the TOS of the coins.ph that sending coins to a gambling platform is prohibited.

you may refer to the complete terms of services of coins.ph.

https://site.coins.ph/user-agreement

Prohibited Uses include transactions or activities related to:
(c) Gambling: Online gambling, lotteries, casinos and informal gambling, gaming operations, sports betting, and other games of chance and forms of speculation;

I am aware of this and I'm using Coins.ph to withdraw my funds from my trading but never on a gambling site I read on my social media feed that Coins.ph will question users that have transactions on gambling sites, Coins.ph will question you but on Abra, they will not accept funds coming from a gambling site I have tried sending $50 worth of Tron and I was not credited even though I message them, they point out that they never credited funds coming from the gambling sites.

It's better to trade your coin first before sending it on Coins.ph, Coins.ph is very strict now if you reach your threshold they ask you to upgrade to a business account and you need to provide a license and certificates from the government agency, it's better to limit yourself from using Coins.ph, peer to peer is good option.

[DoublerHunter]

I tried to send XRP to one of the gambling sites I'm using, but I was prompted with this message.

^ Wait, is this a custodial wallet right?
Any custodial wallet we use must read the TOS before using it because most likely they are followed by local government jurisdiction which is against gambling activities. There will be a big problem if you will not read carefully the term of use. However, this is a great warning to us even though those who are not Filipino are using local crypto wallets. We know that our government is very strict on money laundering and those regulated wallets should be avoided. If I were you, BTC mixer service is the best for you before you will send it to your custodial wallet.

[semobo]

I tried to send XRP to one of the gambling sites I'm using, but I was prompted with this message.

^ Wait, is this a custodial wallet right?
Any custodial wallet we use must read the TOS before using it because most likely they are followed by local government jurisdiction which is against gambling activities. There will be a big problem if you will not read carefully the term of use. However, this is a great warning to us even though those who are not Filipino are using local crypto wallets. We know that our government is very strict on money laundering and those regulated wallets should be avoided. If I were you, BTC mixer service is the best for you before you will send it to your custodial wallet.

Its an exchange if I am not wrong so there is no surprise that they are restricting incoming funds from a gambling site since their government doesn't allow it, using mixer can be an option but its not a much reliable one so anyone wants deposit funds to coin.ph have to mix their coins everytime before depositing to avoid the account termination.

[Reatim]

My account was closed in 2018 because I sent and received funds from a gambling platform TWICE. I even went to their main office and asked why they were so quick to close my account and what will happen to my balance (which isn't even that huge. They just said that they are prohibiting any such activities on their wallets related to gambling. There were no communications on the changes back then, they simply just closed my account without any clear explanation on the email, which prompted me to go to their office and still lose the account.

It's good that they are now open on these small details unlike my case back in 2018. Online gambling is still heavily frowned upon by the PH government, so I'm not really surprised if coins.ph follows these strict regulations. They already are an established platform and they just don't want to risk their status by allowing a few gamblers to use their site on sending and receiving funds from sources which the PH government deems illegal at this point.

Maybe the company needs to be more transparent because not all of the sender is gambler and sometimes people just get their chances to earn from gambling sites like what payments from signature campaigns here who sometimes directly sent to our wallets provided .
but best for you and your countrymen to not use your local wallets in gambling transaction since they are very strict and not to trust even you are guilty or not.

I think since gambling is banned in your country it would be wise enough caution is applied it is very obvious the government are monitoring it's citizens and your funds might be siezed if you try funding your account or could be used as a means to trap or track users. Gambling on foreign gambling sites that has no restrictions would be a better alternative

Yes this is correct if the gambling is banned in your country best to not let them seek for your mistake, But i don't think that Gambling is banned on that region it is just the transaction from gambling is what prohibited .

[AicecreaME]

They prohibited it since day 1, so if you're not aware of the rules and regulations of their platform, your account is going to be put on "limit" or "hold" and you need to set an appointment to them (video call) before they return your account back to normal, if you failed to do so, your account will be forever on limit.

Luckily now they already put a warning for the user to think of his next action on using his account. I suggest send your XRP to other cryptocurrency wallet such as coinomi that supports XRP and other cryptocurrency to avoid getting your account in trouble.

[Oshosondy]

Why using a custodial wallet at first for gambling transactions, even if you are sukmg custodial wallet, it is very good to read the terms and conditions of the custodial wallet, like me already known that making transaction from gambling site into coinbase can lead to account freeze, also I am just hearing about xcoin.oh, but it is also custodial. The best is to just use noncustodial wallet like electrum for gambling fund transfer than custodial wallets that can result to freezing of our funds or account. We should know that if it is not our key it is not always our coins, make use of noncustodial wallet, then you can send from noncustodial wallet to coin.ph if you want to withdraw to cash which is the main reason Philippines should use coin.ph.

[ralle14]

A lot of gamblers already know that coins are very strict and it's not just limited to coins because like what the others mentioned most exchanges don't like funds coming from gambling sites. This is why most people recommend having a wallet you can control and even though it's a bit of a hassle you're better off not losing your exchange account just for this reason.

I think since gambling is banned in your country it would be wise enough caution is applied it is very obvious the government are monitoring it's citizens and your funds might be siezed if you try funding your account or could be used as a means to trap or track users. Gambling on foreign gambling sites that has no restrictions would be a better alternative

Gambling isn't banned in the Philippines. Using other sites wouldn't change much since you're still cashing out crypto to fiat at the end of the day and afaik most local crypto exchanges are regulated by the government.

[michellee]

That is just one example of how the government will monitor their people. Sooner or later, the other government instances will do that and try to investigate people's money circulation. If they found such a case like what @OP have, they will check everything and dig deeper on every possibility. It is just a matter of time before the government will check people who use the wallet or online wallet.

In this way, using a separate wallet that does not connect to the government or exchanges will be the best because we can hide our transaction from them and send it to any website we want.

[bisdak40]

Therefore I'm suggesting everyone especially from the Filipino community who are constantly transacting from coins.ph to a gambling site/s or vice versa. The BSP is already monitoring us, and if we submit the information and put a gambling site as a recipient, we might be sanction as gambling is illegal in our country and it's part of the TOS of the coins.ph that sending coins to a gambling platform is prohibited.

That's on their TOS ever since so to avoid being flagged, send your crypto to a personal or non-custodial wallet before sending it to an online gambling platform and you are using XRP so there is no problem with the transaction fees and waiting time for confirmation.

Maybe in the future, they will support legal online gambling just like what GCASH is doing currently as the country is in dire need of money and they are turning to gambling as the source of funds.

[mirakal]

I have asked the same before and based on the members' replies, don't involve your coins.ph in gambling activities as it has a risk of getting lock or ban. Now, we are not blind to what could happen to our account if we violate the TOS of coins.ph, and they are just regulated by the BSP so they will continue to cooperate by providing the regulators the data necessary for the investigation.

[ultrloa]

I tried to send XRP to one of the gambling sites I'm using, but I was prompted with this message.



Therefore I'm suggesting everyone especially from the Filipino community who are constantly transacting from coins.ph to a gambling site/s or vice versa. The BSP is already monitoring us, and if we submit the information and put a gambling site as a recipient, we might be sanction as gambling is illegal in our country and it's part of the TOS of the coins.ph that sending coins to a gambling platform is prohibited.

you may refer to the complete terms of services of coins.ph.

https://site.coins.ph/user-agreement

Prohibited Uses include transactions or activities related to:
(c) Gambling: Online gambling, lotteries, casinos and informal gambling, gaming operations, sports betting, and other games of chance and forms of speculation;

There's nothing new about this as government also with coins.ph implement this prohibition before and many accounts has been banned due to this activities so  best not to use this wallet if we want to gamble, we had so many wallet options which is not so strict about this and if we are worried on how to cash out then transfer first your balance then withdraw it there for sure we will be safe for doing this method.

[LogitechMouse]

I've tried depositing Bitcoins to a gambling website when I'm still gambling but only a few times and I didn't receive any warnings about it.
Maybe this is just new addition to the coins.ph TOS.

Either way, being detected can be avoidable in some ways. One reason maybe is to put first the coins into an exchange like Binance first and then from there, transfer it to the gambling website. It might take some time and transaction fees but it would be better than account getting locked. Another one is to not use coins.ph at all if you don't want to get caught.

[molsewid]

Therefore I'm suggesting everyone especially from the Filipino community who are constantly transacting from coins.ph to a gambling site/s or vice versa. The BSP is already monitoring us, and if we submit the information and put a gambling site as a recipient, we might be sanction as gambling is illegal in our country and it's part of the TOS of the coins.ph that sending coins to a gambling platform is prohibited.

Seems that the government bodies of Philippines attention caught by the rising transaction of many Filipinos on cryptocurrency. I mean for sure they are not only interested in monitoring transactions with a gambling sites which of course it is widely known that gambling is highly prohibited in Philippines but I bet that they were also monitoring transactions of the Filipinos related to the NFT games that went craze today. Widely spread in the national news that they were also monitoring the big transactions on a digital exchanges that were regulated by the government because of course they were going to impose a tax out of the game earner.