[WARNING!] For gamblers using coins.ph

[Shamm]

  This thread may help to others so that they will aslo aware regards the coins.ph problem so that they can avoid to use. But aside of this problem coins.ph are very strict on their rules regulations ,they will not accept any secondary ID and it's hard to verify the personal information but for me on this thing it was good because can secure our person information.

[boyptc]

  This thread may help to others so that they will aslo aware regards the coins.ph problem so that they can avoid to use. But aside of this problem coins.ph are very strict on their rules regulations ,they will not accept any secondary ID and it's hard to verify the personal information but for me on this thing it was good because can secure our person information.

About having a strict rule about accepting secondary IDs or not. It's no longer the thread topic is all about.

I think if they're not accepting your secondary ID then you have to find a way to at least get the requirement that they set or with primary IDs.

[mirakal]

  This thread may help to others so that they will aslo aware regards the coins.ph problem so that they can avoid to use. But aside of this problem coins.ph are very strict on their rules regulations ,they will not accept any secondary ID and it's hard to verify the personal information but for me on this thing it was good because can secure our person information.

Coins.ph is regulated by the BSP or the Bangko Sentral ng Pilipinas, which means they only follow the rules that the BSP has imposed on them, if they will not follow, they will be charge fo the violation and they will not be able to continue their business, that's how simple, so it's not coins.ph that is strict, it's our regulation.

[pilosopotasyo]

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

I know how strict Coins.ph when you are sending Crypto but not when you are receiving, so I use Abra or peer to peer when sending Crypto to a gambling site, but I have done it only twice, Coins.ph is very strict and they very strict in where you are sending your coins even if it is a small amount, so it's better to limit your outgoing transaction than incoming.

[Oilacris]

  This thread may help to others so that they will aslo aware regards the coins.ph problem so that they can avoid to use. But aside of this problem coins.ph are very strict on their rules regulations ,they will not accept any secondary ID and it's hard to verify the personal information but for me on this thing it was good because can secure our person information.

Coins.ph is regulated by the BSP or the Bangko Sentral ng Pilipinas, which means they only follow the rules that the BSP has imposed on them, if they will not follow, they will be charge fo the violation and they will not be able to continue their business, that's how simple, so it's not coins.ph that is strict, it's our regulation.

Would really differ into each country but most of the time where Central banks would really be strictly be imposing those kind of regulation and since this is a big business then they wont really be having an option

but rather they would need to comply or else they would really be having a big problem.Ive been using this local wallet when they are just new or i do remember when bitcoin is still $200 as far as i remember on where

they arent strict when it comes to incoming or outgoing transactions back in the past and when the trend becomes known and popular then there are sudden changes when it comes to limitations of money that
do credit out on users account.

[lienfaye]

I know how strict Coins.ph when you are sending Crypto but not when you are receiving, so I use Abra or peer to peer when sending Crypto to a gambling site, but I have done it only twice, Coins.ph is very strict and they very strict in where you are sending your coins even if it is a small amount, so it's better to limit your outgoing transaction than incoming.

Thats true, coins.ph are more strict for outgoing transaction especially if you're sending to a non coins.ph account. Well its understandable if they are more strict now, and that is to monitor any unlawful activity. So if you gamble frequently, use another wallet instead and just use coins.ph to cash out.

[Russlenat]

This warning is very timely as the government of the Philippines is already starting to imposed stricter rules on crypto industry.

No choice but to follow. Coins.ph is just following regulations given to them by the BSP so others should not blame them if they feel not comfortable with these terms and regulations by the exchange.

We should really expect that while crypto is becoming popular in every country, stricter regulations will be imposed on any crypto-related companies. There are alternatives to transact safely with gambling sites and that's more important.

Better than being in a country where crypto and gambling are totally banned.

Since coins.ph prohibits the use of crypto for gambling purposes, I think that means gambling is also prohibited in the Philippines if we access online gambling sites. Actually, not related to coins.ph. I tried to access some gambling sites, like a fiat gambling site and it prompt that they cannot serve my location, so I assume that it's illegal.

[Beparanf]

Coins.ph is losing customers because of their strict rules but members failed to realize that it's the AMLA the money laundering council and BSP are the ones that laid down the rules and they just follow what on the rules because they are compliant, so it's better to monitor your transactions and follow what Coins.ph tells its members because it's still the number exchange in the country.

Coins.ph keeps restricting account so they do KYC now and then. Once they found out it is about gambling they will terminated the account. They qill gove documents for you to claim the remaining balance but you will be blocked by their system and not be able to register again. Better find other platforms to use in cashing out if we cant stop ourselves from gambling.

[Shamm]

I know how strict Coins.ph when you are sending Crypto but not when you are receiving, so I use Abra or peer to peer when sending Crypto to a gambling site, but I have done it only twice, Coins.ph is very strict and they very strict in where you are sending your coins even if it is a small amount, so it's better to limit your outgoing transaction than incoming.

Thats true, coins.ph are more strict for outgoing transaction especially if you're sending to a non coins.ph account. Well its understandable if they are more strict now, and that is to monitor any unlawful activity. So if you gamble frequently, use another wallet instead and just use coins.ph to cash out.

Being strict is the key to be secured so the BSP( bangko Sentral ng pilipinas) will secure the Coins.ph transactions and this is good example to some wallet . If you transact a big capital in your coins.ph you need to verify First your account and send them government ID's in order to trace.

[ethereumhunter]

I know how strict Coins.ph when you are sending Crypto but not when you are receiving, so I use Abra or peer to peer when sending Crypto to a gambling site, but I have done it only twice, Coins.ph is very strict and they very strict in where you are sending your coins even if it is a small amount, so it's better to limit your outgoing transaction than incoming.

Thats true, coins.ph are more strict for outgoing transaction especially if you're sending to a non coins.ph account. Well its understandable if they are more strict now, and that is to monitor any unlawful activity. So if you gamble frequently, use another wallet instead and just use coins.ph to cash out.

Fortunately, as crypto users, we have many options to use the crypto wallet to use coins.ph can move their funds to the other wallet and they do not have to be disappointed with the rules. It is our concern to avoid the strict rules from some websites and we do not have to use their services if we think that they can not give comfort to us. I guess those people who use coins.ph can know what they need to do related to the current situations.

[freedomgo]

I know how strict Coins.ph when you are sending Crypto but not when you are receiving, so I use Abra or peer to peer when sending Crypto to a gambling site, but I have done it only twice, Coins.ph is very strict and they very strict in where you are sending your coins even if it is a small amount, so it's better to limit your outgoing transaction than incoming.

Thats true, coins.ph are more strict for outgoing transaction especially if you're sending to a non coins.ph account. Well its understandable if they are more strict now, and that is to monitor any unlawful activity. So if you gamble frequently, use another wallet instead and just use coins.ph to cash out.

Fortunately, as crypto users, we have many options to use the crypto wallet to use coins.ph can move their funds to the other wallet and they do not have to be disappointed with the rules. It is our concern to avoid the strict rules from some websites and we do not have to use their services if we think that they can not give comfort to us. I guess those people who use coins.ph can know what they need to do related to the current situations.

The rules of the coins.ph especially the major rules are based on the law of the land.

We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.

[Oasisman]

~snip~

~snip~

~snip~

The rules of the coins.ph especially the major rules are based on the law of the land.

We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.

Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.

Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.

[blockman]

The rules of the coins.ph especially the major rules are based on the law of the land.

We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.

True. They have reminders upon logging in on account and that's why there's no more excuse if they caught you and traced where your deposit came from.
A lot in the past have been exampled of it but it's during the ATH on 2017. People never read the rules regarding about source of funds and that's why they've also silently implemented a wave of ban to those accounts. This time, they've got a lot of new users that are not aware of it so it's normal for them to educate everyone with this rule that they've got and they're now stricter unlike before.

[Eureka_07]

<snip>
The rules of the coins.ph especially the major rules are based on the law of the land.

We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.

Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.

Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.

I don't think they should be called "ignorant" as it is really has different meaning than what are being discussed here. Probably they just do not know that such terms exists so they're doing it. They're either not informed or they didn't read the terms of service of Coins.ph. Lets not pretend that we all are always reading those

[harizen]

I don't think they should be called "ignorant" as it is really has different meaning than what are being discussed here. Probably they just do not know that such terms exists so they're doing it. They're either not informed or they didn't read the terms of service of Coins.ph. Lets not pretend that we all are always reading those

You have a point but at least I'm expecting more are now aware of it. Terms about gambling is been in the exchange's Terms of Service since the company's inception in the Philippines. Not new after all although yes, most of us are not really aware or reading the terms. It's just become advice currently that reading the terms is necessary because crypt-related companies and services have now become a subject for regulations at any country.

But as far as PH local users are concerned, I doubt some of them already checked this thread. Maybe OP can share the thread on Coins.ph unofficial thread or I will do it later instead.

[Viscore]

<snip>
The rules of the coins.ph especially the major rules are based on the law of the land.

We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.

Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.

Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.

I don't think they should be called "ignorant" as it is really has different meaning than what are being discussed here. Probably they just do not know that such terms exists so they're doing it. They're either not informed or they didn't read the terms of service of Coins.ph. Lets not pretend that we all are always reading those

No one will inform you as we are using an online platform, it's not like a scenario where you go to the banks and you can talk to the person that will interview you before you account is approved, here online, the set of rules are already ready to read and before you click that okay, make sure you read the TOS of the site, if you don't read, that will make you ignorant.

[finaleshot2016]

<snip>
The rules of the coins.ph especially the major rules are based on the law of the land.

We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.

Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.

Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.

I don't think they should be called "ignorant" as it is really has different meaning than what are being discussed here. Probably they just do not know that such terms exists so they're doing it. They're either not informed or they didn't read the terms of service of Coins.ph. Lets not pretend that we all are always reading those

No one will inform you as we are using an online platform, it's not like a scenario where you go to the banks and you can talk to the person that will interview you before you account is approved, here online, the set of rules are already ready to read and before you click that okay, make sure you read the TOS of the site, if you don't read, that will make you ignorant.

Most of us do not read the TOS or terms of service, which is why our accounts are banned or frozen. Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.

As long as we're using an online platform and have a lot of features specially money-related things, make it sure to read TOS.

[Kelvinid]

<snip>
The rules of the coins.ph especially the major rules are based on the law of the land.

We should not be disappointed if we get our accounts block because ignorance of the law excuses no one, and when it says don't use your account for gambling purposes, then just follow if you don't want any problem.

Well, some people from before who uses Coins.ph wallet to send and receive crypto funds coming from online casinos were Ignorant. They've missed the company TOS which is the very vital step before using a platform. As result, their account was investigated, some of them were freeze, some had their transaction limit reduced.

Now that everyone is well aware about this rule, we can actually use another method to avoid our Coins account associated with online gambling.

I don't think they should be called "ignorant" as it is really has different meaning than what are being discussed here. Probably they just do not know that such terms exists so they're doing it. They're either not informed or they didn't read the terms of service of Coins.ph. Lets not pretend that we all are always reading those

No one will inform you as we are using an online platform, it's not like a scenario where you go to the banks and you can talk to the person that will interview you before you account is approved, here online, the set of rules are already ready to read and before you click that okay, make sure you read the TOS of the site, if you don't read, that will make you ignorant.

Indeed, that's the point, that's why the "ignorance of the law" comes into discussion because we can't complain on something that we have already agreed from the very beginning, that's a big insult to us because we sign or approve on the terms hat we didn't read. Bringing up this kind of topic will give a hint to anyone who is still not aware of the serious violation they are doing and its consequences in the future.

[goinmerry]

Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.

Withdrawing money from a gambling site to exchange seems less risky.

The alarming one is sending money from the exchange to gambling sites. It's easy for exchanges to monitor and detect the output of the outgoing transaction compare to when receiving funds.

But either way, let's make a regular habit now, especially for those who are just gambling casually, not involved gambling activity in exchange transactions.

[Betwrong]

Also, we all know that gambling money isn't allowed in the first place, so I'm curious why people are still transferring money from a gambling platform to coins.ph, putting themselves in danger.

Withdrawing money from a gambling site to exchange seems less risky.
~

I can assure you that it's not, in reality. I used to make this mistake in the past and withdrawing from a gambling site to exchange was mostly okay, but one time I encountered a tedious and lengthy KYC process on a site that never required KYC otherwise.

Even though you can lose a bit on additional transaction fee, I'd recommend to withdraw to your wallet first, and then to an exchange.