Stake.com does not deem crypto earnings as legal

[Hispo]

OP have you tried to summit to Stake proof of your positions and movements on the exchange you trade on?
That should be enough to demonstrate you earned your money through trading in a legal platform which also have your KYC. You could even ask the exchange costumer service to provide a document which states your lawful profits obtained by trading, this document could even include your KYC information which should match with the information held by Stake, in my opinion, that should be enough to convince Stake you are not doing anything ilegal.

Also, this topic makes me wonder: could Bitcoin earned by partaking in Campaigns on the forum lead to the same problems?
Would the spreadsheets issued by campaign managers be enough to prove origin of funds? Or would be necessary a document issued by the casino behind campaign itself to provide such proof of participation?

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[serjent05]

The thing is, OP is already at the level 3 and why there’s a sudden change?
Probably OP tried to deposit huge amount of money and that trigger the stake to investigate the account. Maybe Stake can do something about this, they can easily know if OP is a real gambler who already spend a lot of money on the platform. There’s no way for OP to let go of that money, the only option is to negotiate or comply with the requirements, show them your proof of trades and maybe that can work.

I don't understand why some of you are looking for excuses to defend Stake in this case when op already provided sufficient proof to verify his statements against them. Forcing him to provide proof of funds in this manner is odd.

I think it is normal if some irregularities in fund movement are found in an account.  There is also a chance that some possible information that the player is accused of using Stake to wash his illegal money.  @OP only shows a screenshot of the stake asking for the source of funds and a part of the stake TOS.  He did not even tell us why stake is asking for the document of the source of funds, the conversation is cut so all things are open for speculation and assumption.

They should provide a reasonable explanation as to why they feel that he should provide more proof in order to justify their stance if you ask me.

I believe it was already stated in the conversation between OP and stake staff but it was cut.  So it is possible that @OP intentionally does that to keep us in blind and speculate over things.  Though it will be great if a representative of stake.com gives us some light on this case.

[passwordnow]

It could be huge deposits that he can't justify from which source it came and the stake is looking for a legitimate source that's not related to crypto.
And if that's not acceptable to them, OP has got no choice but just to leave it since he has already asked and contested about it. There's no way to change that decision from them. You can still gamble with other casinos if you want to OP but, there might be some really huge thing as to why they've banned your account related to your deposits/withdrawals.

The thing is, OP is already at the level 3 and why there’s a sudden change?
Probably OP tried to deposit huge amount of money and that trigger the stake to investigate the account. Maybe Stake can do something about this, they can easily know if OP is a real gambler who already spend a lot of money on the platform. There’s no way for OP to let go of that money, the only option is to negotiate or comply with the requirements, show them your proof of trades and maybe that can work.

It seems that they can't do anything with it anymore and OP has to deal with their decision and that's it. In this case, negotiations can still do but if they've got placed and given the final decision already, then the affected gambler has to accept it lightly whatever the decision is.
There's really something that has triggered them with OPs, knowing that he's got that level already, there should be some benefits and privileges but stake can freely honor it or not.

[coolcoinz]

OP have you tried to summit to Stake proof of your positions and movements on the exchange you trade on?
That should be enough to demonstrate you earned your money through trading in a legal platform which also have your KYC. You could even ask the exchange costumer service to provide a document which states your lawful profits obtained by trading, this document could even include your KYC information which should match with the information held by Stake, in my opinion, that should be enough to convince Stake you are not doing anything ilegal.

Also, this topic makes me wonder: could Bitcoin earned by partaking in Campaigns on the forum lead to the same problems?
Would the spreadsheets issued by campaign managers be enough to prove origin of funds? Or would be necessary a document issued by the casino behind campaign itself to provide such proof of participation?

Sure, he probably could try that, but the question is: why does it have to come to this? Why should he be forced by a platform to show how he traded and where? It's not their job to demand him to show the whole journey the coins in his possession went through. He doesn't have to do that and he still should be able to request the return of his money.

Some businesses have a rule in place that if you don't verify yourself you're unable to withdraw profits earned on the platform, but you are and should be able to (at least according to the EU law) get your own deposit back.

We don't know everything, but I haven't seen any accusations towards OP from Stake about his coins being stolen or tainted like some people suspected. Sure, I'd agree with them if the coins were from a recent hack, or OP was suspected to be a scammer who made another account on the platform he once stole from. So far it looks like he did not submit documents required for KYC and they instead of preventing him from playing, blocked his withdrawals.

[BitDane]

OP have you tried to summit to Stake proof of your positions and movements on the exchange you trade on?
That should be enough to demonstrate you earned your money through trading in a legal platform which also have your KYC. You could even ask the exchange costumer service to provide a document which states your lawful profits obtained by trading, this document could even include your KYC information which should match with the information held by Stake, in my opinion, that should be enough to convince Stake you are not doing anything ilegal.

Also, this topic makes me wonder: could Bitcoin earned by partaking in Campaigns on the forum lead to the same problems?
Would the spreadsheets issued by campaign managers be enough to prove origin of funds? Or would be necessary a document issued by the casino behind campaign itself to provide such proof of participation?

Sure, he probably could try that, but the question is: why does it have to come to this? Why should he be forced by a platform to show how he traded and where? It's not their job to demand him to show the whole journey the coins in his possession went through. He doesn't have to do that and he still should be able to request the return of his money.

It is possible that stake saw problems on the fund.  I believe OP accounts is temporarily suspended, and will be unlock if he submit the needed requirement.  It is too early to say that the casino is stealing the person's fund since we do not know the course of action of stake if @OP failed the needed KYC.

Some businesses have a rule in place that if you don't verify yourself you're unable to withdraw profits earned on the platform, but you are and should be able to (at least according to the EU law) get your own deposit back.

This should be the end scenario if ever @OP failed to the KYC procedure on source of fund.

We don't know everything, but I haven't seen any accusations towards OP from Stake about his coins being stolen or tainted like some people suspected. Sure, I'd agree with them if the coins were from a recent hack, or OP was suspected to be a scammer who made another account on the platform he once stole from. So far it looks like he did not submit documents required for KYC and they instead of preventing him from playing, blocked his withdrawals.

I think staked has sent a message to the OP that they are suspecting OP's account of possible money laundering, that is why they are asking of the source of fund.

[bocyaj]

I had some games in Stake website in dice game.Dice should be played with extra care in this website.Because if you use the auto bet for certain number of times, it may reduce your funds to zero. I had loss of 20 dollars by using the auto bet of 40 times in dice game. My full 20 dollar was become a zero dollars.Extra care for the game is very important in this website.Don't play with lazy here.Not only this website, most gambling website teach you lesson.If you made lazy play.

[Hispo]

-snip-

Sure, he probably could try that, but the question is: why does it have to come to this? Why should he be forced by a platform to show how he traded and where? It's not their job to demand him to show the whole journey the coins in his possession went through. He doesn't have to do that and he still should be able to request the return of his money.

Some businesses have a rule in place that if you don't verify yourself you're unable to withdraw profits earned on the platform, but you are and should be able to (at least according to the EU law) get your own deposit back.

...

The weirdest part in my opinion is the fact that people behind Stake decisions should be aware that the cryptocurrency community is not only about technology or gambling but also about speculation and they should keep in mind that many of their clients could perfectly life off programming or trading. Trading is such an important part of our ecosystem that it does not make sense for them not to take it as an valid source of income.

We can argue that Stake need to comply with the law and that is okey, but they are also need to take care and look whether legitimate clients are having a good experience, in this case, those who get profit with trading.

If OP is honest and can follow my advise, then that should be enough to convince Stake he is not doing anything illegal.

 

[shasan]

The weirdest part in my opinion is the fact that people behind Stake decisions should be aware that the cryptocurrency community is not only about technology or gambling but also about speculation and they should keep in mind that many of their clients could perfectly life off programming or trading. Trading is such an important part of our ecosystem that it does not make sense for them not to take it as an valid source of income.

We can argue that Stake need to comply with the law and that is okey, but they are also need to take care and look whether legitimate clients are having a good experience, in this case, those who get profit with trading.

If OP is honest and can follow my advise, then that should be enough to convince Stake he is not doing anything illegal.

Almost all the earnings finally go to the bank and for that reason, if a gambler provides a bank statement then there should have nothing wrong. If anyone wants to show the proof from crypto then it can be manipulated as there should have no signature, no seal, or nothing which can make it unique.

[rby]

The thing is, OP is already at the level 3 and why there’s a sudden change?
Probably OP tried to deposit huge amount of money and that trigger the stake to investigate the account. Maybe Stake can do something about this, they can easily know if OP is a real gambler who already spend a lot of money on the platform. There’s no way for OP to let go of that money, the only option is to negotiate or comply with the requirements, show them your proof of trades and maybe that can work.

I don't understand why some of you are looking for excuses to defend Stake in this case when op already provided sufficient proof to verify his statements against them. Forcing him to provide proof of funds in this manner is odd.

They should provide a reasonable explanation as to why they feel that he should provide more proof in order to justify their stance if you ask me.

I see this as hypocricy. If stake could be able to pay out winners big amount that is more than hundred thousand dollars they should understand that it could be someone's source of income. We know that some crypto earnings are just like gambling which means the return is not always steady and assured but if anyone can make a living out of it and show proof that they earn legally. Stake has no option than to release their money.
Stake pays upto 80 people in this forum not less than 50 dollars every week and some people earn upto 150 dollars in the campaign weekly. This is a good source of income that anyone cannot deny.

[Hispo]

-snip-

...If anyone wants to show the proof from crypto then it can be manipulated as there should have no signature, no seal, or nothing which can make it unique.

That should not be a problem for an exchange whatsoever, all exchanges use cryptography in a daily basis.
They could easily issue documents to clarify the origin of the earnings of their clients, then they would make public their public key (or Bitcoin address) used to sign the documents of origin for the people or organizations to check the integrity of the document.

So there is no excuse for the exchanges to help their users with cases like the OP is going through, just sign and verified by Stake.