Has an exchange ever blocked your Bitcoins from Signature earnings?

[Darker45]

I've never experienced this, but I guess there was already a similar case before in my local. I cannot remember the specific details but it was also probably due to funds deposited from gambling sites which, as you've said, are normally considered suspicious by centralized exchanges. The same is the reason why I don't use custodial wallets when receiving signature payments from gambling companies.

But try to ask for the specific reason for the blocking of funds. And if they confirm that it's because they're coming from a gambling site, tell them you're not aware of it because it's suppose to be a weekly salary. You tell them that you have a work in this forum. That's the source of your funds. That's not money won from a casino; that's money paid to you for a job.

[Solosanz]

I remember with this thread What Do Centralized Exchanges Consider as Taint? created by @Pmalek. If you look on this thread, there's many centralized exchange are not accept casino and mixer coins, but it can be solved if you send your KYC and other personal information to prove the source came from. You need to use Bisq or other P2P exchange if your funds get blocked, it make zero chance your funds will get freezed.

From my personal experience, my funds never get blocked in any exchange until now, so I don't really mind about the original source where the coins I get from.

[ajiz138]

From my personal experience, my funds never get blocked in any exchange until now, so I don't really mind about the original source where the coins I get from.

True with the same experience that any exchange I use never blocks assets sent from casino signature earnings maybe I assume this is not due to direct withdrawal from casino platform to exchange but rather from manager escrow funds to non-custodial wallet then on send to exchange.
That's what I did so I never went straight to the signature payment exchange, it's just that some of them also experienced the same thing without any problems.

But I once pulled from the gambling platform directly to the exchange, there was no problem either, but I haven't tried this mixer at all.

[dothebeats]

A local exchange did, back in 2017 because I didn't want to give them a paper trail of my finances. Unfortunately, I still have 0.2 something bitcoins in that exchange but I no longer want to deal with the stress that comes with fixing my account. They closed the account because they thought that the funds were coming in from a gambling platform (which it doesn't), and back then the country is really tight against offshore gambling platforms due to the issue of widespread fraud and money laundering. Until now, the balance is in the said account as I can still open it, although there is a notice that states that I cannot use it in any way unless I submit my financial records supporting my claim that I have the financial capability to buy and sell that amount of bitcoins in that account.

Kinda sucks really. Since then I started using Binance in late 2017 and never really had problems at all.

[Potato Chips]

Whether I’ll do anything about it depends on the amount. Although not from sig camp, I’ve had my withdrawals frozen in a local exchange last year until I supply them with asked information. The thing is, I did not send the whole amount all at once and tried to split them. Thankfully, they halted my withdrawals at my 2nd deposit which was like ~60 bucks. I was too annoyed to comply so I just left it there lol. the weirdest thing about this is that, more or less 2 weeks after, I received a notification stating that my account is back to normal… I’ve no idea what happened honestly lol. But yeah, if you can, split them into pieces and ofc don't send them directly!

[Pmalek]

I am just trying to know from forum members if there is anyone who has ever had their bitcoin payments from signature advertising get blocked by an exchange, citing "suspicious transaction"?

Can we assume from this question that it happened to you? And if it did, tell us the name of the exchange so that other members can avoid using it.

What was/would be your course of action if they asked for source of funds or proof of source of funds, especially if you were dealing with payments from a bitcoin casino or bitcoin mixing platform (since most CEXs seems to be no so friendly with bitcoins from such platforms)?

If you insist on using that service in the future (you really shouldn't), just tell them where the funds come from. Tell them you are part of a signature campaign and those coins are payment for rendered services. I think that should be enough to get them to unfreeze your account, so you can withdraw your money. But they will probably lock your account after that.

I haven't faced any such problem so far. Currently I am using Kucoin for getting payment , And I have not completed kyc verification either.

Your signature payments go directly to an address owned by KuCoin? Why? How difficult can it be to create an Electrum wallet and be your own custodian?

I think if you choose good exchangers I don't think any such problem is likely.

All exchanges were good before shit happened. FTX was one of the best, remember?   

But I would suggest that it is better not to keep large funds in centralized exchangers.

You should suggest that to yourself as well.

I remember with this thread What Do Centralized Exchanges Consider as Taint? created by @Pmalek. If you look on this thread, there's many centralized exchange are not accept casino and mixer coins, but it can be solved if you send your KYC and other personal information to prove the source came from.

KYC doesn't prove the source of the funds. It proves who you are. If they were interested in how you earned that money, they should be satisfied if you proved to them that you are part of a signature campaign and get paid for promoting service X. Showing them the address where you get your service fees together with a signed message is enough proof. However, casinos want your KYC data, and they want it for other reasons.

I also suggest taking a look at this thread: [Blacklist] of unreliable, 'taint proclaiming' Bitcoin services / exchanges

[Coinomize.biz]

Never did. Although, i always use my non-custodial wallet to send to the exchange not directly from any platform ^{(e.g. gambling)} to the exchange, for prevention purposes.

What i actually think the reason why you ask this is because you are in a mixer campaign, well, same as mine.  

We will see then when i receive the payment from the campaign since it will be directly from coinomize to my non-custodial wallet then to exchange later on.

Rather unlikely since we do not send Bitcoin from the mixer to our campaign users but coins from an exchange, i.e. normal AML value without connections to bitcoin mixer

[khaled0111]

I am just trying to know from forum members if there is anyone who has ever had their bitcoin payments from signature advertising get blocked by an exchange, citing "suspicious transaction"?

Never happened to me and not aware of anyone who experienced it either.
A centralized exchange may lock your deposit transaction and ask you to provide source of funds for multiple reasons but I doubt they will do it because it's coming from a sig. campaign.

What was/would be your course of action if they asked for source of funds or proof of source of funds, especially if you were dealing with payments from a bitcoin casino or bitcoin mixing platform (since most CEXs seems to be no so friendly with bitcoins from such platforms) ?

I'll give them the link of the sig. campaign thread and the link of the spreadsheet where they can see my forum username and my address.

[PX-Z]

Rather unlikely since we do not send Bitcoin from the mixer to our campaign users but coins from an exchange, i.e. normal AML value without connections to bitcoin mixer

I appreciate the response, what a relief then. So far kucoin didn't notify me yet for sending signature payments to their exchange in the past two weeks so i can say it's totally safe then.

But I once pulled from the gambling platform directly to the exchange, there was no problem either, but I haven't tried this mixer at all.

That won't happen overnight, i remember my local exchange give sanctions on those accounts that sends directly from gambling to the exchange even though the date they send it were months passed already. That's how an exchange will do soon when they started to restrict its AML policy on their platform.

[yhiaali3]

Personally, I participated in more than one signature campaign for mixers on the forum and I had no problem sending bitcoins to centralized exchanges.

Because first I receive bitcoins on the Electrium wallet and then I send them to the centralized exchanges.

You also have to choose the central exchanges well, because this differs according to the conditions of the central exchanges, the exchanges I transfer to do not care about this at all, so no problem.

[coin-investor]

I am just trying to know from forum members if there is anyone who has ever had their bitcoin payments from signature advertising get blocked by an exchange, citing "suspicious transaction"?

What was/would be your course of action if they asked for source of funds or proof of source of funds, especially if you were dealing with payments from a bitcoin casino or bitcoin mixing platform (since most CEXs seems to be no so friendly with bitcoins from such platforms) ?

I almost got my transaction blocked, because, in the terms of our local exchange, they prohibit transactions coming from gambling sites or online casinos they still accept my request and I promise them that it will not happen again, so from then on I use Exodus to store my earnings and wait for a few weeks before sending it to our local exchange, I never send directly from the on, or have never used an exchange wallet to directly send my earnings but its only on our local exchange but on other exchanges, I have no problem at all.

[batang_bitcoin]

A local exchange did, back in 2017 because I didn't want to give them a paper trail of my finances. Unfortunately, I still have 0.2 something bitcoins in that exchange but I no longer want to deal with the stress that comes with fixing my account. They closed the account because they thought that the funds were coming in from a gambling platform (which it doesn't), and back then the country is really tight against offshore gambling platforms due to the issue of widespread fraud and money laundering. Until now, the balance is in the said account as I can still open it, although there is a notice that states that I cannot use it in any way unless I submit my financial records supporting my claim that I have the financial capability to buy and sell that amount of bitcoins in that account.

Kinda sucks really. Since then I started using Binance in late 2017 and never really had problems at all.

OMG.
That's a huge amount these days and I think even on 2017, 0.2 was already that big. Didn't you managed to file something with a help of an attorney for you to take out and withdraw that remaining balance of yours?
I know it's really exhausting when they're asking for something that you can't provide them but it's your balance that you've deposited to them and that's the ownership that you can provide to them and if they don't want you to proceed with the process, they should have just return it to you. These exchanges really sucks.

[sheenshane]

I am just trying to know from forum members if there is anyone who has ever had their bitcoin payments from signature advertising get blocked by an exchange, citing "suspicious transaction"?

Not a trading exchange but a custodial wallet in which you can trade your crypto to fiat directly to your bank account.
Yes, I've encountered it recently this year.  It's called Coins.ph, a local crypto wallet that supports selective altcoins in my country(Philippines), one day I was surprised my account was frozen including my signature earnings due to enhance verification and asking for a source of funds.  That time I used their Bitcoin address to receive Bitcoin from signature earning, good thing the forum has a google spreadsheet where you can check and has transparency, you can simply share with them the information on a google spreadsheet claiming where the fund coming from, and a salary as a freelancing job.

Fortunately, I got my account back but I did not trust them anymore, even though it's not my purpose to store them in a long term, only when I convert to fiat, I've chosen Electrum as a hot wallet, not them.

It's normal for CEXs now to ask for a source of funds because that's the purpose of KYC, to combat fraud and money laundering, every unknown source of funds becomes suspicious to them.