How do I generate an income statement from a wallet to satisfy casino KYC?

[Ultegra134]

It would be useful if the OP actually replied to any of the previous users who are trying to assist him with his question. With that being said, we're still unaware if this is a hypothetical or an actual scenario. If it's the latter, which casino is asking you for an income statement from Electrum? Did they perhaps ask for a generic income statement, and you thought they'd accept one from Electrum?

As others already suggested, generating all your transactions may look like a valid source of income; I don't believe it's a valid document that proves the source of funds. Nevertheless, this isn't really the case here because it hasn't been specified what exactly is the issue, if it even exists.

[l3pox]

if it's traditional kyc I'm afraid that only your blockchain balance won't be enough to prove it
they'll probably ask for the origins of funds and everything

for the good and for the bad it's a bit like these are 2 really different systems
crypto and traditional finance

[tabas]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

You don't generate any income statement there. What you'll be getting there is your deposit and withdrawal history. The casinos won't consider it as your source of income when you send them that and they won't approve it because anyone can ask their friends and families or even strangers to provide them a screenshot of their electrum balance. The casinos won't be looking for that as your source of income even if there will be ins and outs of it. What type of source of income you should send them are the typical ones that we're having, pay slip, or if you're self employed, the transactions that you're making or even bank slips might be considered but not from electrum.

[CryptoHeadlineNews]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

Looking at this from a standard point of view, I don't think statement from this will be actually accepted by this casino as proof of source of income, since they aren't generally legal and acceptable with an official name and home address of the user in question, if not I would have suggested you use "Blockchair explorer" to generate a statement showing the inflow and outflow of Bitcoin into a  wallet. But I doubt if this will be accepted as legal documents, that's why it will be better you go use your Utility bill for such approval.

[TelolettOm]

Seriously? A Casino requires a requirement like this? Because it is very private, mate. And what does it have to do with having to provide an income statement from your electrum wallet to fulfill KYC in a casino? I'm curious, what casino is that?

Have you just won so much that they require a requirement like this? If not, then I'd rather forget about it and move on to another casino that doesn't require as much data to fulfill KYC.

However, if they do require the history, then use the history tab or a website to search for transaction history such as blockchain or blockchain explorer from your wallet.

[alegotardo]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

Are you sure that's what they want you to prove?

If so, simply providing your public address would be enough, since all incoming and outgoing transactions are recorded on the blockchain and available for anyone to see.

However, what I believe they want you to prove is how you acquired all those bitcoins, whether you have a job, whether you earned them in an old ICO trade or bet, etc. But if your source of income is an old bitcoin HODL, then the blockchain records will indeed be your greatest ally as proof.

Good luck, and if you can provide us with more details than what was requested, it might be easier for us to help you.

[Webetcoins]

Seriously? A Casino requires a requirement like this? Because it is very private, mate. And what does it have to do with having to provide an income statement from your electrum wallet to fulfill KYC in a casino? I'm curious, what casino is that?

Have you just won so much that they require a requirement like this? If not, then I'd rather forget about it and move on to another casino that doesn't require as much data to fulfill KYC.

However, if they do require the history, then use the history tab or a website to search for transaction history such as blockchain or blockchain explorer from your wallet.

Maybe you are not really a gambler because you are not aware of this things yet but I think this also exist on almost any services that requires a KYC (preferably the ones that are in higher level already). If you think this was very private, then what about when you submit your ID, phone number, email, selfie, etc...? Aren't you surprised with them? In fact, I think they are more private than this one. We should not worry.

As long as the casino is known to be legit, I'm sure that they will keep our details securely and privately. Like its name says (income statement), I think they want to make sure that the source of our funds are from legit sources only. They are also being careful and they are afraid that they might get in trouble because they allow criminals to play on them. This doesn't has to do with winning a huge amount of money but winning a huge amount of money triggers a KYC.

If so, simply providing your public address would be enough, since all incoming and outgoing transactions are recorded on the blockchain and available for anyone to see.

Good luck, and if you can provide us with more details than what was requested, it might be easier for us to help you.

Yes that was it. I already came across a requirement like that on some casinos that I've tried. Casinos are too sensitive on this, so what you are suggesting there is not going to work. Also, there are cryptos that are more private than the other.

However, what I believe they want you to prove is how you acquired all those bitcoins, whether you have a job, whether you earned them in an old ICO trade or bet, etc. But if your source of income is an old bitcoin HODL, then the blockchain records will indeed be your greatest ally as proof.

If let say this was acceptable and if it was a Bitcoin HODL (whether old or new), I think the ones we will show is the transactions from the exchange, wallet, etc...

[EarnOnVictor]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?

I just saw this and I can't stop laughing now. Do you think any reasonable casino/company would accept your electronically generated Bitcoin payments? Stop dreaming, bro. There are laid down rules and if at all the casinos ask you for a financial statement or proof of income source, they refer to your bank/card statement that will reflect enough for them to see.

As it is now, your sure bet is to contact your employer if your earnings are in Bitcoin, who knows, they might have the internally generated means to back your claim with the casino.

[Beparanf]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

I believe casino needs a legal statement of account documents which typically you can get on your bank account. Electrum transaction history is not enough documents to satisfy statement of account requirements since it doesn’t contain your name on it and most of transactions are anonymous.

I’m not sure either if transactions on electrum is valid for tax purposes since it doesn’t contain your name on the wallet to attached transactions on your name.

Requesting e-SOA is very easy now since you can request already via your bank account. This is the only docs which casino accept even though you are using crypto for your deposit. Also try to request on exchange since they have records for your withdrawal and deposit.

[justdimin]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?

Since, when are casinos or other services asking for income proof from your Bitcoin or crypto wallet? I have never heard or experienced this before. When you are completing KYC verification whether it is for a casino, an exchange, or any other service online, they usually ask for your bank statements and other stuff like that so that they can see if you are actually earning money or not. Creating incoming and outgoing transactions in a blockchain wallet is very easy and anyone can bypass the verification if they are asking for such requirements now.

If you haven't been specifically asked for this and you are just assuming and asking from your side because they asked for proof of income, then I'm pretty sure they are not going to accept a pdf file of your electrum wallet showing your transactions because I don't think that can serve as a proof of income for a KYC verification.

[l3pox]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

You don't generate any income statement there. What you'll be getting there is your deposit and withdrawal history. The casinos won't consider it as your source of income when you send them that and they won't approve it because anyone can ask their friends and families or even strangers to provide them a screenshot of their electrum balance. The casinos won't be looking for that as your source of income even if there will be ins and outs of it. What type of source of income you should send them are the typical ones that we're having, pay slip, or if you're self employed, the transactions that you're making or even bank slips might be considered but not from electrum.

exactly, kyc process usually exists to triangulate your data with datapoints in the traditional system so they won't accept something pure crypto based
and thinking about it probably a website that would accept it wouldn't ask for kyc anyways, would be like defi or fully descentralized
makes any sense?

[Mahanton]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?

Since, when are casinos or other services asking for income proof from your Bitcoin or crypto wallet? I have never heard or experienced this before. When you are completing KYC verification whether it is for a casino, an exchange, or any other service online, they usually ask for your bank statements and other stuff like that so that they can see if you are actually earning money or not. Creating incoming and outgoing transactions in a blockchain wallet is very easy and anyone can bypass the verification if they are asking for such requirements now.

If you haven't been specifically asked for this and you are just assuming and asking from your side because they asked for proof of income, then I'm pretty sure they are not going to accept a pdf file of your electrum wallet showing your transactions because I don't think that can serve as a proof of income for a KYC verification.

This is actually my first time on trying out to encounter that they've been asking about income proof for a casino KYC not unless if you do make out some huge deposits that rings up the bell considering
that money laundering is really that possible through gambling casinos to wash out those coins but with having that wagering requirement of deposits then it will really be that somewhat not a good
option to take since you could lose all of those money transferred if you are really just that trying out to mix those coins. We do know that most online casinos are already licensed or simply means that they are
regulated on which they are really that getting inline with those regulations on which once that big funds had been deposited then its really that likely that they will be asking something such as this one.

[LUCKMCFLY]

Have you just won so much that they require a requirement like this? If not, then I'd rather forget about it and move on to another casino that doesn't require as much data to fulfill KYC.

Well if they reach an exaggeration like this for us it is fine and to comply with a KYC I would run away from the casino, no, that is why it is good that before making any deposit or anything and if there are doubts, contact the casino support and ask all these types of questions if the person did not read the Tos, but even so it seems to me that it is an overly exaggerated requirement, and I think it is not very viable, I do not think that a requirement like this they want or can ask for it, although I do not know how many levels of KYC exist in the casinos, but it has to be for extremely large amounts.

[Peanutswar]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?

Electrum doesn't have a statement of account instead you can use the blockchain explorers such as the mempool and the blockchair for tracking your transaction or also provide the screen shot of the deposited history transaction in electrum. Most of the casino afaik requires the statement of the account like you've been using for paying the bills such as electricity and water that is name on you.

[Findingnemo]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

Proof of income means how you acquired crypto that has nothing to do with Electrum wallet history.

You need to show the proof how you purchased that crypto, if it's via centralized exchange then you may little to no worries but if you purchased from someone and didn't mix the coins if it's were tainted then you get caught in the middle of something that may related to some illegal activities.

[Hamphser]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

Proof of income means how you acquired crypto that has nothing to do with Electrum wallet history.

You need to show the proof how you purchased that crypto, if it's via centralized exchange then you may little to no worries but if you purchased from someone and didn't mix the coins if it's were tainted then you get caught in the middle of something that may related to some illegal activities.

If it turns out that you do have some physical business then it might be that a good excuse but since everything could really be traced then it would really be that depending whether you could be able to
pass through if they would really be having that strict verification on trying out to locate or trace out on where those funds came from. This is why it would really be that hard when you do make out some huge deposits on which its not really just that limited to gambling platforms but also into other services too on which if it would be able to hit up those deposit threshold then expect that there would really be verifications that would be asked out you should really be wary at least specially if you are a whale. 

[Coin_trader]

Have you just won so much that they require a requirement like this? If not, then I'd rather forget about it and move on to another casino that doesn't require as much data to fulfill KYC.

Well if they reach an exaggeration like this for us it is fine and to comply with a KYC I would run away from the casino, no, that is why it is good that before making any deposit or anything and if there are doubts, contact the casino support and ask all these types of questions if the person did not read the Tos, but even so it seems to me that it is an overly exaggerated requirement, and I think it is not very viable, I do not think that a requirement like this they want or can ask for it, although I do not know how many levels of KYC exist in the casinos, but it has to be for extremely large amounts.

It’s not an exaggerated requirements since it’s part of the AML policy requirements depending on the amount involved. Casino can even ask for a video interview about all your transactions in addition for the proof of income.

All casino that has a Curacao license can extend the requirements to this level since it’s the standard for the AML. Some casino just doesn’t want to escalate issue that’s why they make the requirements easy and just ask for valid ID and selfie.

[Findingnemo]

How do I generate an income statement from a electrum wallet to satisfy casino KYC 'source of income'?
Has anyone passed this before?
Thanks in advance

Proof of income means how you acquired crypto that has nothing to do with Electrum wallet history.

You need to show the proof how you purchased that crypto, if it's via centralized exchange then you may little to no worries but if you purchased from someone and didn't mix the coins if it's were tainted then you get caught in the middle of something that may related to some illegal activities.

If it turns out that you do have some physical business then it might be that a good excuse but since everything could really be traced then it would really be that depending whether you could be able to
pass through if they would really be having that strict verification on trying out to locate or trace out on where those funds came from. This is why it would really be that hard when you do make out some huge deposits on which its not really just that limited to gambling platforms but also into other services too on which if it would be able to hit up those deposit threshold then expect that there would really be verifications that would be asked out you should really be wary at least specially if you are a whale. 

Usually the source of funds verification isn't common to everyone, I played most casinos and I never had any issues even I deposited funds bought via P2P until now there's no issues but the real concern is only for people who can show the proof of evidence or they bought the coins years back and now have no proof of those purchase.

These kind of verification takes time as well so if someone is having this then they have to be patient even after providing all the supporting evidence and about owning business may not really comes in handy though unless the transactions happened via bank and you used the same bank to purchase crypto.

[stompix]

How would the OP explain to the casino that he is receiving salary or income to his crypto wallet or address? Most casinos will require bank statement or of that sort for proof of income. But never encountered yet about asking for a crypto address.
But if they are curious, he can easily give the crypto ad and they can check it in the blockchain the history of your transactions.

Nobody is interested in the coins in that wallet, just as nobody would be interested in a bank statement that only shows you depositing money from another account, that wouldn't pass a source of funds request, you will need to prove you have an actual legal source of income that would pass AML test. They don't care how many coins you have and how much you own if you prove you earn more than you bet they will let you be as they are covered now, but once you deposit hundreds of thousands and you don't have an income...well..

Since, when are casinos or other services asking for income proof from your Bitcoin or crypto wallet?

They don't, just as a normal casino won't be interested in the forex trading you have done to earn the funds with which you play.
Besides, blockchain settlements could easily be faked, one could get money from an exchange, withdraw to an address, then send it back, again withdraw to a different address, and so on, creating hundreds of "legit" sources of funds.

[Wexnident]

It’s not an exaggerated requirements since it’s part of the AML policy requirements depending on the amount involved. Casino can even ask for a video interview about all your transactions in addition for the proof of income.

All casino that has a Curacao license can extend the requirements to this level since it’s the standard for the AML. Some casino just doesn’t want to escalate issue that’s why they make the requirements easy and just ask for valid ID and selfie.

They were probably noting the casino specifically wanting his electrum wallet history lol. Which is in most cases, very weird. It doesn't even help in AML cases since crypto wallets are anonymous, in general at least, and/or can easily be forged unlike paychecks which can be verified from real businesses so I don't think it's even a valid requirement in the first place.

Income statements is normally required yes, specifying an income statement from a wallet isn't.