[WARNING!] For gamblers using coins.ph

[Oasisman]

<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

What should we call them anyway?
Because, IMO you just defined the word "ignorant". Lacking of knowledge, because they haven't read the company TOS first.
I'd admit it, sometimes I do not read the whole content of the TOS and so as a result I can call myself Ignorant to things I didn't know that violates the use of such platform.

"Ignorance of the law excuses no one." That will always apply.

[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.

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.

Maybe that people who use coins.ph does not know or read all of the rules so they still use that site to make a transaction. But once their account gets a block, they are confused about how it could be. I am sure that if they know for sure about that, they will not use that site to send or receive any transaction from the gambling site.

[crzy]

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.

Centralized exchange have their own ways to detect this one, better to learn from no on not to use any of them because they can track you and of course they can freeze your account anytime they want. There's a lot of other options to withdraw and deposit to you crypto gambling account, choose the less risk option even if its too slow or even it pays you more fees, its better to be safe than to cry later on.

[Yamifoud]

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.

Centralized exchange have their own ways to detect this one, better to learn from no on not to use any of them because they can track you and of course they can freeze your account anytime they want. There's a lot of other options to withdraw and deposit to you crypto gambling account, choose the less risk option even if its too slow or even it pays you more fees, its better to be safe than to cry later on.

I believe they have the capacity to trace the transactions, for an exchange, I guess it's easy to know if the wallet belongs to the exchange or to a gambling site. So if both are registered, then there's no problem with tracing, and the problem only is on the users who violated the rules of using the platform.

Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.

[Pamadar]

I believe they have the capacity to trace the transactions, for an exchange, I guess it's easy to know if the wallet belongs to the exchange or to a gambling site. So if both are registered, then there's no problem with tracing, and the problem only is on the users who violated the rules of using the platform.

It's easier if both businesses are registered as they can easily track down
all the transactions and sort which are those who violated their rules.

Easy for these companies as they need to comply with the government to avoid having problem with their business permits.

Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.

Mixers are the best option if you don't want to track any transactions that you need to take.
safer than trying your luck not to suffer from frozen account.

[fiulpro]

Not just that I think the fact that this message is Poppin up there does mean that you might already be monitored, therefore things might be a little scary, since most sites do not permit the use of VPN and easy to track someone down as well.
They can very easily track your transactions down, if they do know a little about cryptocurrencies and addresses. It would be wise to avoid such situations, if it's banned leave it alone. You don't really have to pay your time in prison for all this, you can rather go to the nearest offline gambling store and gamble there

[mirakal]

Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.

Mixers are the best option if you don't want to track any transactions that you need to take.
safer than trying your luck not to suffer from frozen account.

Good if you can play for the mixer fee, I mean your transaction should be big so you won't feel the transaction fee in a mixer.
When using a mixing service, you pay for the transaction fee in blockchain and fee for the mixer, so this isn't for gamblers who just gamble a small amount of money, the most suitable for them IMO is to use a 3rd party wallet, just avoid sending directly to gambling sites from coins.ph, or vice versa.

Not just that I think the fact that this message is Poppin up there does mean that you might already be monitored, therefore things might be a little scary,

They have all the means to monitor an account because we are using their platform (coins.ph), and there's nothing to be scared of if you are not breaking the law, and if you know how to hide your transactions and make it appeared like you are not breaking a law if you try to break it.

[dunfida]

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.

Centralized exchange have their own ways to detect this one, better to learn from no on not to use any of them because they can track you and of course they can freeze your account anytime they want. There's a lot of other options to withdraw and deposit to you crypto gambling account, choose the less risk option even if its too slow or even it pays you more fees, its better to be safe than to cry later on.

I believe they have the capacity to trace the transactions, for an exchange, I guess it's easy to know if the wallet belongs to the exchange or to a gambling site. So if both are registered, then there's no problem with tracing, and the problem only is on the users who violated the rules of using the platform.

Direct withdrawal from point A to point B is already risky, that's why mixers exists because they will help to hide the real origin of transactions.

As a big business then it wouldnt really be that hard on making out some tracements about looking after those common gambling site addresses or on where those funds would be deposited into.

Dont know on how its been done but its not impossible considering sharing up on the same address which would direct into a particular platform then it could be known whether its a personal wallet,
exchange platforms or gambling sites.

Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.

[Russlenat]

Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.

That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.

[Fatunad]

Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.

That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.

Everything is on tracked and if you do get caught by lying then you might really be facing up some serious charges soon because it is against or violations on their terms which you supposedly able to read
up when you are just tending to register of in the site or service.Its better to be safe than sorry because once the government is your enemy then it is something that would really be hard for you
to pass on or resolved into which is why its better to be safe.

[Ryker1]

Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.

That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.

Well, there is nothing you can do once they had investigated and proved that the fund that you send to this wallet comes from the gambling site, sometimes the gambling site wallet staff has been detected as a gambling site wallet. We should avoid this in the first place if you really want not to be freeze by them your account. And that is right, there are too many ways if you will push through using fund from a gambling casino to your centralized wallet which is this is a common problem. Even on an exchange, you should also watch out and know about their TOS, and perhaps the only safest way is to use a bitcoin mixer service.

[dunfida]

Whenever you do been prompted about this stuff then its better to avoid and there are several ways for you to push through without compromising your account.

That's right, because it's already evidence that you are sending to an address that belongs to the gambling site, and if you lied, they would also know if they make an investigation on your account. Actually, they wouldn't know it right away, but that doesn't mean that if you were able to pass by lying, you won't face the consequences of your past actions.

Everything is on tracked and if you do get caught by lying then you might really be facing up some serious charges soon because it is against or violations on their terms which you supposedly able to read
up when you are just tending to register of in the site or service.Its better to be safe than sorry because once the government is your enemy then it is something that would really be hard for you
to pass on or resolved into which is why its better to be safe.

Some are really just in a hurry without minding about the possible consequences that they might experience later on once get caught because government isnt something an easy thing for you to handle out when problems do arise.

If you dont like to tie up yourself into problems then its better to avoid it on the first place if you arent sure if they are prohibiting it or not.Terms and conditions is always free for you to read up if you
do have doubts.

Some service doesnt mind about gambling activity but mostly are way too strict when it comes to this.

[South Park]

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.

While it is obvious this is something that we do not like at the same time it was to be expected, there are many exchanges that do not like for their users to send their coins from their wallets directly to casinos so the only thing you need to do is to follow their regulations, I know it is going to cost you more money to send your coins from the exchange wallet to a wallet you control and then to the casino, but if that is what you must do in order to avoid getting your account banned then that is what you need to do.

[ene1980]

Damn the sole reason you do not use a centralized wallet is because of these situations. You can use your own wallet and send the coins and the authorities are not going to monitor them. In my country there is no restrictions for gambling and never will be but for countries that are prohibited from gambling online you just avoid using centralized wallets when you can create your own wallet.

[Maslate]

Damn the sole reason you do not use a centralized wallet is because of these situations. You can use your own wallet and send the coins and the authorities are not going to monitor them. In my country there is no restrictions for gambling and never will be but for countries that are prohibited from gambling online you just avoid using centralized wallets when you can create your own wallet.

The problem is if you cannot exchange your bitcoin due to lack of outlet, there's no way our coins will be monitored if it's directly sent to our wallet since it's not regulated, but centralized exchange especially the local exchange is different because you exchange your crypto assets to fiat and the government would like to know the source or nature of transaction so you will be tax accordingly.

In this case, it's gambling and it's prohibited, you'll not be taxed but you'll be charged with a violation of the law.

[mirakal]

There's a new update on coins.ph now.

A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700

[Quidat]

There's a new update on coins.ph now.

A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700

Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?
This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.

[Viscore]

There's a new update on coins.ph now.

A new requirement is added that you have to identify not only where you will send the coins but also the source of the coins you received.
It has even been brought out by one of the campaign participants of bestchange regarding this issue. you can see the full convo here. https://bitcointalk.org/index.php?topic=5217201.1700

Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?
This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.

You can put false information if you want, they would not know it right away, but the moment they conduct an investigation, then that's the time you have to pay for the false information you put as you are  asked if the information you provided is correct before you get that transaction verified.

[DoublerHunter]

~snip~

Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?
This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.

You can put false information if you want, they would not know it right away, but the moment they conduct an investigation, then that's the time you have to pay for the false information you put as you are  asked if the information you provided is correct before you get that transaction verified.

^ No, I will not suggest this, it could be your wallet account is in danger when they ask for proof that you are the same owner of the wallet. What if the local wallet staff will ask for a signed message because you give the wrong information you have a chance that you will lose your BTC in your wallet account. I think it is time to leave that wallet even how convenient it is to use in your country, I never heard such a requirement in a local wallet, that is too much and I think, KYC/AML verification is enough.

[stomachgrowls]

~snip~

Dang..This is way too much.. I have experienced lots of exchangers and local wallets but it turns out that this had be the most strict ones.They are asking on where those funds came from?
This is my first time for a local wallet and also how they could determine that those inputted information would really be that accurate?
It seems that it isnt really that appealing on using it at all.

You can put false information if you want, they would not know it right away, but the moment they conduct an investigation, then that's the time you have to pay for the false information you put as you are  asked if the information you provided is correct before you get that transaction verified.

^ No, I will not suggest this, it could be your wallet account is in danger when they ask for proof that you are the same owner of the wallet. What if the local wallet staff will ask for a signed message because you give the wrong information you have a chance that you will lose your BTC in your wallet account. I think it is time to leave that wallet even how convenient it is to use in your country, I never heard such a requirement in a local wallet, that is too much and I think, KYC/AML verification is enough.

Putting false information might really resolved temporarily but as mentioned that once they do ask out for some verification or had done some investigation then you're fucked up.How about those people make out transactions from exchange to exchange transaction? Specially with p2p where you do sent out your funds into.

This makes the situation more complicated because not all the time you would really be asking those sellers information if you do intent to have inbound transaction.
This is way too hassle and i would suggest that better leave out this local wallet because it is too shit that they've been asking too much.