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Author Topic: Always check the deposit address  (Read 1036 times)
Coin_trader (OP)
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March 24, 2024, 06:19:26 AM
 #1

This is not new warning but I think people might need to be reminded about this after experiencing this personally just now. I recently made a loan using a casino wallet address, I check the wallet address if it’s the same before I ask the loan and I confirmed that it was the same.

The problem comes when the loan is already sent while my casino wallet address update right after the loan amount sent. Take note that I’m using same wallet address since I play to this casino for about 3 years and they just update my wallet address some time after I post my loan request here.

To make the story short. The balance is not credited but after a lengthy discussion with the support and after sending proof that my old wallet address is still the same when I made the deposit(loan) then they recover my funds out of good will.

The lesson here is always check the wallet address before you deposit no matter how long do you use the same address. Most importantly don’t use casino wallet address to receive funds that has a delay such as loan money and campaign payments since there’s a chance that they will update their wallet address without prior notice. Keep safe and have fun.

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March 24, 2024, 06:23:56 AM
 #2


The lesson here is always check the wallet address before you deposit no matter how long do you use the same address. Most importantly don’t use casino wallet address to receive funds that has a delay such as loan money and campaign payments since there’s a chance that they will update their wallet address without prior notice. Keep safe and have fun.
Do not be I rush or in a hurry. And do not get used to the address you forget to double check.
What I do is to always check the first five figures and the last five figures. Then I cross check with the on the gambling website.
I know the consequences of failure to do so. It's is like double losses. Double losses because you don't know if you will win after you stake your bet.

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March 24, 2024, 06:28:54 AM
 #3

The lesson here is always check the wallet address before you deposit no matter how long do you use the same address. Most importantly don’t use casino wallet address to receive funds that has a delay such as loan money and campaign payments since there’s a chance that they will update their wallet address without prior notice. Keep safe and have fun.

This is the first thing one must take notice of before making a deposit to any wallet address. Be it your own address or that of someone you know before. You have to make confirmation that the address is still available for reuse. Alot of persons has lost their funds through this unfortunate experience and could not recover them. You were lucky to have gotten your money back through the help of the casino. If it were a personal wallet address and maybe the access of the wallet wasn't longer available since it'san old address then your funds might have been lost for good. It's just a lesson that everyone must learn from.

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March 24, 2024, 06:35:17 AM
 #4

Not only to check the wallet address before deposit but also check the address we copy and paste is correct. The same thing also should be done when it comes to withdraw, double checking the address is always recommended because once transaction is done then it cant be reversed. For special case like personal things (receiving payment or loan), using personal wallet is better so we have full control of the wallet. Using deposit address in a casino is fine as long as the main purpose of taking the loan is to gamble but if we do not want to gamble then there is no good reason to use deposit address in casino to receive payment or taking a loan.

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March 24, 2024, 06:38:31 AM
 #5

The lesson here is always check the wallet address before you deposit no matter how long do you use the same address.
And not only the wallet address, but checking the minimum deposit amount is also very important, so that you don't sent a money that will be considered as a donation and not deposited into your exchange or casino account.


Quote
Most importantly don’t use casino wallet address to receive funds that has a delay such as loan money and campaign payments since there’s a chance that they will update their wallet address without prior notice. Keep safe and have fun.
And in addition to this I will also say that people shouldn't also be using an exchange wallet for taking either loans or for signature campaign payment, because this same issue has happened to me once,  that is, while sending BTC from my custodian wallet to my exchange wallet, I noticed that the transaction was confirmed, and yet it wasn't reflecting on my wallet, since I needed sum fiat, and that was the exact reason for making such transaction, so that was when I rechecked my wallet address back, and noticed it had been changed few days ago. So I chatted customer support, and luckily I was able to recover my funds back.

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March 24, 2024, 06:50:11 AM
 #6

Nice to see some additional input as warning for potential problem that regards with withdrawal & deposit on a casino.

But, I specifically made this topic to create an awareness about the potential change of wallet address in an instant without notice. Let’s discuss one at a time based on the thread title to avoid discussion that will sway to my initial goal for this thread.  I’m obviously aware on all the potential danger that everyone brought up here.

This thread is for those people that use casino wallet address to receive payment that has a delay on transaction such as loan, campaign payment and other transactions that is not instant. The title implies to check the wallet address before the payment arrives to guarantee that you are still sending on the right address. In my case, It changes few hours after I sent the loan request which I don’t have time to check anymore. My mistake is I become confident that the address will not change for a short period of time because I use this address for a long time.

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March 24, 2024, 07:03:05 AM
 #7

When you're involved in making transactions of any kind, it's absolutely essential to take your time and be extremely cautious and observant simultaneously. Sometimes you not only have to be cautious about avoiding sending money to the wrong address or account by mistake, which can happen as a result of rush. There are also other security risks out there, like those of clipboard viruses. These little bugs can sneak into your computer or device and mess things up without you even realizing it. So, it's crucial to stay vigilant and double-check everything before you hit the send button to ensure your transactions go smoothly and to the right receiver.
To avoid mistakes from clipboard attracts,I usually memorize a few consecutive characters of the address I am sending to.

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March 24, 2024, 07:08:41 AM
 #8

that's true, sometimes casinos like to change their wallet addresses and that's why players need to double check their wallet addresses and make sure whether the wallet can still be used or not. and not only that, players also need to check the network supported by the casino and don't make the mistake of depositing money on a different network. because there are several cases where players mistakenly deposit their money on different networks, and in the end the casino is not responsible for these user errors.

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March 24, 2024, 07:18:18 AM
 #9


The lesson here is always check the wallet address before you deposit no matter how long do you use the same address. Most importantly don’t use casino wallet address to receive funds that has a delay such as loan money and campaign payments since there’s a chance that they will update their wallet address without prior notice. Keep safe and have fun.
Do not be I rush or in a hurry. And do not get used to the address you forget to double check.
What I do is to always check the first five figures and the last five figures. Then I cross check with the on the gambling website.
I know the consequences of failure to do so. It's is like double losses. Double losses because you don't know if you will win after you stake your bet.

Well said mate! even if we say that we have a copy or have auto signed up the deposit address we use, it is better that we always carefully check each transaction because we are also the ones who will be in trouble once we don't do that. It is our fault if there is an error in our transaction and of course when it comes to financial matter, we should not be in a hurry to handle it especially if we do it via online transaction, it is really much better if double or triple check will do.



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arwin100
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March 24, 2024, 07:23:05 AM
 #10

This is not new warning but I think people might need to be reminded about this after experiencing this personally just now. I recently made a loan using a casino wallet address, I check the wallet address if it’s the same before I ask the loan and I confirmed that it was the same.

The problem comes when the loan is already sent while my casino wallet address update right after the loan amount sent. Take note that I’m using same wallet address since I play to this casino for about 3 years and they just update my wallet address some time after I post my loan request here.

To make the story short. The balance is not credited but after a lengthy discussion with the support and after sending proof that my old wallet address is still the same when I made the deposit(loan) then they recover my funds out of good will.

The lesson here is always check the wallet address before you deposit no matter how long do you use the same address. Most importantly don’t use casino wallet address to receive funds that has a delay such as loan money and campaign payments since there’s a chance that they will update their wallet address without prior notice. Keep safe and have fun.

Its important that we are not so over confident that everything is fine since we use that wallet address for long time and its better to check your wallet address each time when you do transactions so that we could not missed out any important details and we can avoid the same issue what you experience since its so hassle to contact the support and ask for their help to recover your funds.

I may not experience the same issue on casino but I experience to send my funds on exchange to unknown address and regret for not double checking or either triple check if I used the right address that's why at the moment I always make sure that everything is fine before I click the sent button each transactions I made. Glad to hear that you recover your funds and your experience may serve a good lesson to anyone that they should always check their wallet to avoid committing same mistake.

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March 24, 2024, 07:44:59 AM
 #11

I lost a few hundred dollars due to this mistake... I even got the chain wrong a couple of times and with the help of the casino team it was resolved, but not everyone is willing to help. This is a mistake that happens mostly (at least in my case) when we are doing several things at the same time and in a hurry.

So yes, people should always double (triple) check the addresses both when we send and when we receive coins. Sometimes this mistake can be corrected, but in more cases, it will be just a waste of money.

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March 24, 2024, 07:45:27 AM
 #12

Yes it is good to check and also check again and check carefully that the deposit address is correct. Even people that are no more newbies may send to wrong address because after sending coins to so many addresses for long term period, this will let them not to be checking the address they are sending to but which is wrong.

You send borrowed money to a gambling site address. Hope you are not addicted. Why borrowing to gamble?

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March 24, 2024, 07:49:42 AM
Merited by Poker Player (1)
 #13

Wait... why you take a loan for gambling? I believe most people know gambling using loan is really bad.

Shit happen to you, many centralized sites weren't updating the deposit address for long time, they just update it after few months or years, even though they didn't notify their customers. Glad the casino still want to recover your coins.


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March 24, 2024, 07:59:26 AM
 #14

This is not new warning but I think people might need to be reminded about this after experiencing this personally just now. I recently made a loan using a casino wallet address, I check the wallet address if it’s the same before I ask the loan and I confirmed that it was the same.

The problem comes when the loan is already sent while my casino wallet address update right after the loan amount sent. Take note that I’m using same wallet address since I play to this casino for about 3 years and they just update my wallet address some time after I post my loan request here.

To make the story short. The balance is not credited but after a lengthy discussion with the support and after sending proof that my old wallet address is still the same when I made the deposit(loan) then they recover my funds out of good will.

The lesson here is always check the wallet address before you deposit no matter how long do you use the same address. Most importantly don’t use casino wallet address to receive funds that has a delay such as loan money and campaign payments since there’s a chance that they will update their wallet address without prior notice. Keep safe and have fun.

To be honest, I think casinos that update their deposit addresses are kinda suspicious.
This is probably the easiest way to get scammed. You send the crypto to the casino wallet address, but the casino changes the address and starts claiming that the funds were never received. Good luck trying to prove that you sent the crypto to the right address.
You were lucky in you case, because the casino didn't try to scam you. What's the point for a casino to update their wallet addresses? I've never made the mistake of receiving BTC payments directly in services like crypto exchanges and crypto casinos. I always receive my payments in my own BTC wallet first.

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March 24, 2024, 08:06:46 AM
 #15

To make the story short. The balance is not credited but after a lengthy discussion with the support and after sending proof that my old wallet address is still the same when I made the deposit(loan) then they recover my funds out of good will.
Some casinos would have used the opportunity to stress you but it is great to hear that your casino returned your funds after recovery. Some would have made you go through a rigorous process which might include some unbelievable KYC process. But you should suggest to them to always give notice before the change of wallet if it is not an emergency action.
The lesson here is always check the wallet address before you deposit no matter how long do you use the same address. Most importantly don’t use casino wallet address to receive funds that has a delay such as loan money and campaign payments since there’s a chance that they will update their wallet address without prior notice. Keep safe and have fun.
This was a good observation but I thought the casino would have informed you that your address have been changed. I know that some exchanges always change the wallet address of it's customers but they always give them notice of this change and give them some time to make adjustments where necessary.

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March 24, 2024, 08:07:04 AM
 #16

This is actually an important warning to all who gambles on crypto based casino sites because sometimes a simple mistake and oversight as this can actually cost one their whole funds both in their wallet and probably their other funds which could be sent to them thereafter especially for those who don't check on their wallet address too often enough. So you don't get to loose your funds it's important you always check on your wallet often because in some cases where the casinos don't have an effective and responsive customer care response center, yo mama loose all your funds totally.

It's always much preferable to receive your campaign funds with a wallet that's not attached to an exchange or even a gambling site but you can transfer from your personal wallet to the wallet you have gotten on any other platforms but don't use them to receive funds as it's not safe enough.

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March 24, 2024, 08:11:07 AM
 #17

Many people are victim of this including me because during BTC network congestion I used my direct deposit address from Binance exchange and since then I have never change it to my previous address since the fee where too way higher than we expected so imagine how others could do as well maybe they might decide to use an address that will be very easier for them without going through stress and withdrawal issues. This post made me to think of changing my address maybe after this week finishes I will change to my normal address without using exchange address. You were lucky to have your fund restored back otherwise you could have gone through difficulty and tough time to have your fund credited to you account maybe there was no much complaint on the dev side that was why it is quickly restored.

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March 24, 2024, 08:25:53 AM
 #18

I guess that was totally a coincidence because you said your casino address got updated right after the loan amount was sent. If you copied the address some minutes later before the casino updated your address, it would have still happen like this. The only way you can prevent this kind of thing for your self is by using your personal wallet to receive the deposit before you send to the other destination address you want.

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March 24, 2024, 08:51:41 AM
 #19

Isn't it weird that you have been using an address for a while and the platform changed the address without any of your action looks highly suspicious to me. You maybe given one new address after every successful deposit or you may be given one permanent address and it will be updated if it's mandatory like switching from Legacy to Segwit but it only happens after a warning.

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March 24, 2024, 09:09:26 AM
 #20

Isn't it weird that you have been using an address for a while and the platform changed the address without any of your action looks highly suspicious to me. You maybe given one new address after every successful deposit or you may be given one permanent address and it will be updated if it's mandatory like switching from Legacy to Segwit but it only happens after a warning.

Yeah right, It’s really strange to me that’s why it caught me off guard despite I’m a frequent gambler that usually copy manually my wallet address or check if I’m still using the current address.

This wallet address changes without warning is very dangerous especially that casino claims that they recover the fund out of good will meaning it was supposed to be lost. The only problem is the wallet change is done out of nowhere after I just check the address by myself before I made the loan here to verify that I use the address on that specific casino.


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..PLAY NOW..
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