How to resolve gambling related wallet issues

[Charles-Tim]

The only two I have read something like that is Binance and coinbase and a user have already shared that of coinbase above and this right here is for Binance.



Personally, I have used my Binance to receive my money from a casino just once and when I did I never got any notification from them or warning concerning what I did - although that was the only time I did it (not sure if it would have happened on continuous usage).

Do not just come with an image, can you include the link in the quote or somewhere on your post.

I have used Binance and some other sites like Bybit several times to make deposit from gambling site and nothing happensed till now. But the best would be to just first send the money from the gambling site to your noncustodial wallet and then you can send it from the noncustodial wallet to the exchange.

There was a question about Binance deposit from gambling site on this forum before and everyone posted there was no issue: Sending BTC from Gambling Site to Binance?

Coinbase was commonly talked about at the time and people were saying they should avoid depositing into their Coinbase account from gambling site if they do not want the coin sized or something.

[Cantsay]

So what if transactions from the casino are then withdrawn to a personal wallet first and then sent to the exchange? will it also affect addresses blacklisted by exchanges? It's possible to track them, but do exchanges have to check all suspicious transactions in their opinion?

If you withdraw first into your personal wallet before making deposits I don’t think it will affect your address - for me, I feel exchanges use the size of transactions that are being received in a wallet to carry out investigations to see if the funds are safe (clean) or not.

So if you withdraw first then make deposits I’m sure they won’t get anything suspicious from it, that’s what most punters do.

[Davidvictorson]

Personally, I have used my Binance to receive my money from a casino just once and when I did I never got any notification from them or warning concerning what I did - although that was the only time I did it (not sure if it would have happened on continuous usage).

We have always talked about reading thoroughly the terms and conditions of an online casino before making a deposit or even signing up. I think this is the first time we are looking at it from the body perspective of reading the tens and conditions of an exchange in with regards to their policy on on online gambling. And from the picture it's seems binance has a policy on these as well. It is either they do not enforce it or they just wrote that part because I have received my payout from online casinos to my binance wallet. I don't know about Kucoin but I have also received my payout to my Kucoin wallet too.

[Text]

Gambling-related transactions can be a gray area for some exchanges. It's crucial to thoroughly read the ToS of both the gambling site and the exchange, it’s the key. Look for any clauses about restricted transactions or funds from gambling sites. While not all exchanges may explicitly state restrictions on funds from gambling sites, some do have policies against it.

To ensure that you don't encounter problems when sending funds from gambling sites to exchanges or vice versa, follow this method: use a non-custodial wallet. Transfer funds from the gambling site to the non-custodial wallet, and then to the exchanges, or vice versa.

[coin-investor]

I never used an exchange to trade my coins coming directly from a gambling platform I usually do a peer-to-peer and in the past, I checked the terms of the exchange I'm using if they could deal with money that comes from gambling and so far I have 2 local exchange as long as I'm not going over the limit of what I can trade based on my level.
Every exchange has its terms and opinions about casinos so it's better not to overlook this to avoid any issues with your trading, it's better to be aware than late and sorry.

[naira]

So far I have not experienced any problems with exchange addresses and casinos which often send transactions back and forth to each other. I do that every time I want to bet, send from the exchange to the casino or otherwise withdraw funds from the casino to the exchange address. Even with different exchange addresses, there were no warnings and so on. I'm not a Coinbase user, if it's true what @Oshosondy said that Coinbase applies these rules, of course gamblers have to be a little careful.

Maybe I also need to double check the ToS on some of the biggest exchanges that I frequently use because they could also update the same rules due to lawsuits.

[Lida93]

Finding ways to resolve such issues would be a very difficult one for the customer because in this case you are not dealing with just one company or related company but two entirely different company and we all know how these online support system works with all that annoying delays and with repeated programmed response support system.

In the case of this nature and being that I haven't had such experience, I think common will demand the customer to write a report to both companies and if the gambling site could send a message to the exchange maybe they will honor it much swiftly than you the customer alone. But just like Oshosondy said, if it's an exchange whose ToS prohibits such deposit then you just have to painfully forget about it.

The only exchange that I knew that was doing that is Coinbase. There may be more exchanges that do that but I do not know them. I have used over 10 exchanges and non of them are against gambling.

What I can say is that you should read the ToS of every gambling site you want to open an account with. If the gambling site will not receive coins from gambling sites, it would be stated on the exchange ToS.

Is Coinbase still doing that?

Hello @Oshosondy please check your second statement to correct an error there... I guess you had meant to say exchanges and not gambling sites.

[TheUltraElite]

If you are already blacklisted then there is nothing to do about it, appeal to the website and see if they consider, essentially at their mercy.

If you are only starting out, then I suggest using a personal wallet as an intermediate stop for your coins before depositing them on the exchange.
One can also try using different exchanges that have a laxity in the source of funds. If this is the only exchange that your local country people use then you are out of luck.

Address hopping like someone else mentioned, seems to be the best method as of now.

[Plaguedeath]

The best solution: use no KYC exchange, check kycnot.me, personally I vouch Bisq and Robosats.

Alternative way:

1. Don't use top and popular exchanges because they have better system, instead use local exchanges or not really popular ones.

2. Don't directly send the coins from casinos to the exchanges, instead send it to your wallet first, then send it to the exchanges.

[aioc]

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.


What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

These are violations of the terms of the exchange. There's little or nothing we can't do about it; exchanges like casinos are very strict when it comes to implementing their terms; you can request the exchange to grant your request to take it off the blacklist if you can provide a better explanation.

Platforms under regulation where AMLAC is implemented should be taken seriously regarding their terms to safeguard your account.
So far, I haven't encountered and hope it will not happen to me.

[Ojinga]

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.


What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

are you referring this to crypto gambling? If only the person doesn't go off the line but if you do then your account will be restricted but that doesn't mean your wallet will get blacklisted, but with the casino crypto gambling your wallet will be save and sound. But for me I haven't heard of someone got blacklisted through crypto gambling but I have heard someone got blacklisted through something else concerning freezing the person account.

[Findingnemo]

what are the ways to go about redressing and to redeem the situation legally.

You have the answer to your question which is legal if you are taking this make sure it's worth the fight cause it won't be easy and I would say close to impossible to revoke a casino's decision from that situation especially after you broke their terms whether they mentioned about that indirectly.

Coinbase will terminate your account if you deposit from a casino site, no questions asked and there is no way to appeal but they won't take your balance, they let you withdraw if it's frozen due to gambling and if it's for other reasons you may need to contact their support but if it's due to gambling deposit you will get the termination notice via email and they will ask you to withdraw balance before 90 days.

[dansus021]

Yeah today exchange is smarter frenn they know that your address is tainted. There is also a new app or at least that I know is Arkham Intelligence that basically know form where to where the bitcoin or other coin is going to land. The purposes is actually to do an anti money laundry or terrors funding but in rellality some user also get filtred by this kind of tool.

So if you ask me How to resolve gambling related wallet issues there is two answer the first answer is try to mixing it with a tool or you can use some coin that have privacy protected or second you sell it on p2p that don't require kyc or aml services

[Eternad]

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.


What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

Before I’m using mixer to mix my coins that I get from casino either signature campaign or casino profit since the exchange I’m using locally is very strict on receiving funds from gambling due to the regulations in our country.

But I find it hassle and too costly so I choosed an exchange that doesn’t bother about gambling which is Binance then use P2P to withdraw my crypto to fiat. I have no problem encountered on Binance when receiving a lot of transactions on casino.

[shivansps]

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.


What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

All you can do is study the user agreement and if the exchange doesn’t say anything there that it can block wallets that receive funding from casinos, then you should try to resolve this legally. If you did not carefully read the agreement and this was indicated there, then difficulties may arise. I think that they should unfreeze these funds, because there is a possibility that a person will make a fuss and this exchange’s reputation will become worse, and they always try to monitor this.

[Dr.Bitcoin_Strange]

Since I started using crypto casinos, I have withdrawn from my casino to Binance, Probit, and Bybit and have not faced any account closure issues. I don't really know if there are exchanges that forbid depositing from casinos until now, but if that is going to be a problem, then the individual (gambler) can first of all deposit to their own custodial wallet, and from there they can deposit to a centralized exchange, and the exchange may not consider the coins to have come from the casino directly.

[Mia Chloe]

I really haven't come across any, in fact I haven't spotted such a case. However, rationally the first thing to do is to check if your exchange is one of such exchanges that will freeze a gambler's funds just because he got them from an online casino. The fact is big firms and organizations that deal with crypto often have their addresses very popular and in such case  it would be easy for the exchange to notice the source of the funds or coins coming into the exchange wallet.
An alternative solution is for gamblers the make withdrawals to their custom Bitcoin wallet and later move the coins to their exchange account this would reduce the ability of tracing the coins easily especially if it is an HD wallet.

[Findingnemo]

An alternative solution is for gamblers the make withdrawals to their custom Bitcoin wallet and later move the coins to their exchange account this would reduce the ability of tracing the coins easily especially if it is an HD wallet.

It's good thing to practice, cause if someone is sending funds from casino to exchange or vice versa where we actually don't have keys to wallet so in case if it got stuck or anything else we have to rely on the support of the platforms.

Also using another wallet to receive funds from casinos then move it to exchange doesn't rule out this freezing cause I remember coinbase even track upto 10 to know the trails are not leading to anything that violates so if there is a term that says don't deposit funds like rewards from casino then better respect and don't do it.

[milewilda]

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.


What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

So far, i havent been able to experience about exchange bans or blocked because of gambling funds been passed or beeing deposit into the platform but im pretty sure that i have done it
on the past on passing up some funds into exchange platforms via casinos on which i wasnt been that ended up on getting banned or im just lucky that they hadnt noticed it out?
When it comes to this manner then it is really always been that stated on their TOS about not to recieve any funds came from casinos or other specific platforms on which this is really that indeed
a violation of their terms and conditions on which they do have the rights on making up such decisions since you have violated something.

If you dont like on putting up yourself on such condition then it would really be that better that you should avoid on sending up some funds directly from your gambling account to exchangers.
You could always that send out first on your non custodial wallet before sending it next to those exchangers to avoid some problems or lock ups. Fees arent that much
of a concern since its not really taht expensive.

[Huppercase]

Creating this thread for us to discuss what ways to resolve wallet blacklist on exchange because of gambling related issues.


What motivate me to start this thread is a recent event with a popular exchange which freezes a customer account because of funds received from gambling site as rewards, so in this kind of situation where a wallet got blacklisted what are the ways to go about redressing and to redeem the situation legally.

Can we have the list of the exchanges to be precaution about this act!
I don't think an exchange has the right to do these unless the casino is know for some kind of shady activities and who on earth is going to bet on a shady casino? There is no way you can make withdrawals from casino that is known for been blacklisted or there is something they must have done to be blacklisted. I don't think users are supposed to be affect with any actions, the casino should be contacted for effective way to resolve this issues instead of holding user funds.

I think if a situation like this arises, you have to right to sue the exchange or involve law enforcement if necessary, they will ask for proof of funds if you really won the money from the exchange and if you submit a proof as one, a reputable excba get wouldn't hold your money down, they are going to unfreeze your money and allow you trade or use it but I think it's better you involved law enforcement to make it quick and faster because some exchanges are very stubborn and corrupt.