Betpanda.io | Anonymous Crypto Casino | Welcome Bonus Up to 1BTC

[notblox1]

The ToS is usually on the exchange side. Coinbase for example has it in theirs since 10 years (no gambling related allowed).

I didnt know Coinbase has this rule for so long, but this could be easily solved if solved if coins was not sent directly from casino to Coinbase exchange.
They are based in United States so it could be connected with that, but as far as I know casinos are allowed to exist legally in some US states.
Stake also has legal US casino, so I dont understand this strict Coinbase rule.

[OcTradism]

I didnt know Coinbase has this rule for so long, but this could be easily solved if solved if coins was not sent directly from casino to Coinbase exchange.
They are based in United States so it could be connected with that, but as far as I know casinos are allowed to exist legally in some US states.
Stake also has legal US casino, so I dont understand this strict Coinbase rule.

You posted it rightly, gambling is only legal in some states in the USA, not in all states. I am not the lawyer, not part of a Compliance Team but perhaps the information can help us guessing why Coinbase can not accept fund deposited into users accounts with origins from casinos.

It can be legal in some states but in some other states, it's illegal and to avoid problems, Coinbase simply do it as illegal universally on their exchanges. They likely don't want to have troubles and don't want to spend further resources for filters USA users just to give different Terms for users in a same country. They just want to defend their company, avoid legal issues first while users when knowing about it, can easily figure out their ways around before funding their Coinbase accounts.

[BitMaxz]

I think exchange do not want to receive funds came from gambling, but it is not sending the exchange to the casino. If Baby Shoes' funds is stuck at the exchange, then the issue won't be able to be solved by Betpanda.

They simply don't want to have your account linked to gambling activities so it goes either way, depositing and withdrawing. That is the whole point of those "security checks" as soon as you have made a withdrawal.

Also by sending funds directly to a casino from an exchange, Imagine your funds are stuck, and they are trying to ask you which service you are sending the money too 

These days casinos are also strict with AML, sometimes more than even some crypto exchanges, so I don't understand why funds from gambling are demonized by most crypto exchanges

Yeah, I agree from the exchange, but the BABY Shoes issue is related to the deposit from the casino even though the transaction was confirmed.
So meaning we don't need to worry if the funds came from the exchange because if it was the exchange, the funds will stuck immediately and the account may freeze.

That's why I always recommend sending their funds first from their own wallet before sending them to the casino. Exchanges do not care if it is your wallet, but for safety, we shouldn't send exchange funds directly to the casino.

[slaman29]

The ToS is usually on the exchange side. Coinbase for example has it in theirs since 10 years (no gambling related allowed).

I didnt know Coinbase has this rule for so long, but this could be easily solved if solved if coins was not sent directly from casino to Coinbase exchange.
They are based in United States so it could be connected with that, but as far as I know casinos are allowed to exist legally in some US states.
Stake also has legal US casino, so I dont understand this strict Coinbase rule.

Yeah they probably the first that started, as was purely US based but now I believe any exchange with Europe presence also has similar rules, casinos are considered highrisk for money laundering according to my understanding.

Binance actually has direct deposit allowed to some casinos like Sportsbet so thats different but I think always on the safe side, stick to personal wallet for anything that touches your casino crypto.

[notblox1]

Binance actually has direct deposit allowed to some casinos like Sportsbet so thats different but I think always on the safe side, stick to personal wallet for anything that touches your casino crypto.

How is that any different?
Casino is still a casino and you can easily sent coins from Betpanda or Jackpotter to Sportsbet or any other casino.
I dont like what centralized exchanges are doing in last few years with selective choosing what is alleged money laundering and what is not.

[arwin100]

Binance actually has direct deposit allowed to some casinos like Sportsbet so thats different but I think always on the safe side, stick to personal wallet for anything that touches your casino crypto.

How is that any different?
Casino is still a casino and you can easily sent coins from Betpanda or Jackpotter to Sportsbet or any other casino.
I dont like what centralized exchanges are doing in last few years with selective choosing what is alleged money laundering and what is not.

But maybe they are doing that because they are trying to avoid issues with regulation made by government and for compliance reason. This situation will happen if government is so strict regulating those big platforms.

With those existing issues happening, we better cross out the idea of doing such type of transaction especially if we know the exchange is heavily regulated and following the rules set by the government. So as what has been suggested always deal with our personal wallets on casinos since to make sure we are safe from those troubles.

[BlackBoss_]

But maybe they are doing that because they are trying to avoid issues with regulation made by government and for compliance reason. This situation will happen if government is so strict regulating those big platforms.

They must proactively take preventive actions even policy and product changes possibly affect their business revenue but it is still better than having severe legal issues, even some kind of money fines from governments and regulators. Take preventive actions proactively to defend themselves first, stay observing for coming regulatory changes and enforcement are all good careful actions.

Before anything in regulations become clearer, it's good to stay with this strategy, it's never too late to relaunch their suspended products or resume previous policies.

With those existing issues happening, we better cross out the idea of doing such type of transaction especially if we know the exchange is heavily regulated and following the rules set by the government. So as what has been suggested always deal with our personal wallets on casinos since to make sure we are safe from those troubles.

With users, we must be responsible with our money, wallets and privacy that are all important for us and by going non custodial together with better practice, we will achieve better fund storage as well as privacy.

[stadus]

But maybe they are doing that because they are trying to avoid issues with regulation made by government and for compliance reason. This situation will happen if government is so strict regulating those big platforms.

Obviously when we see them being selective, it doesn’t always mean it’s the casino itself deciding that. Most of the time it’s because the regulators require them to follow certain rules. They operate under those implementing guidelines, and if they don’t follow them the casino could face penalties or even a cease and desist order.

So in that situation they really don’t have much choice but to be strict with their policies. The key thing here is to check where the casino got its license from. Once you know the regulator, you’ll have a better idea how their rules are enforced. Some regulators are more relaxed, while others are very strict, so it really depends on that.

[henry_of_skalitz]

Binance actually has direct deposit allowed to some casinos like Sportsbet so thats different but I think always on the safe side, stick to personal wallet for anything that touches your casino crypto.

How is that any different?
Casino is still a casino and you can easily sent coins from Betpanda or Jackpotter to Sportsbet or any other casino.
I dont like what centralized exchanges are doing in last few years with selective choosing what is alleged money laundering and what is not.

They test out what's coming next and the algorithms

[slaman29]

Binance actually has direct deposit allowed to some casinos like Sportsbet so thats different but I think always on the safe side, stick to personal wallet for anything that touches your casino crypto.

How is that any different?
Casino is still a casino and you can easily sent coins from Betpanda or Jackpotter to Sportsbet or any other casino.
I dont like what centralized exchanges are doing in last few years with selective choosing what is alleged money laundering and what is not.

Different because if you had direct deposit to Sportsbet from Binance, then that means they allowed the API to work with the exchance, so obviously they must be fine and not tagging Sportsbet. As in, you just need to login to Binance from Sportsbet and then send directly (instead of using a normal method):
> get deposit address from Sportsbet
> use address in withdrawal mode from Binance

I wanted to try it but it doesn't work anymore now to show you screenshots, but this is almost like just using MetaMask, you don't leave Sportsbet and just authenticate your exchange.

BTW Agree with you totally, its not like exchanges like to follow the rule anyway.

Banks do the exact same things. And still get caught doing dirty shit for their friends.

[Vaculin]

Different because if you had direct deposit to Sportsbet from Binance, then that means they allowed the API to work with the exchance, so obviously they must be fine and not tagging Sportsbet. As in, you just need to login to Binance from Sportsbet and then send directly (instead of using a normal method):
> get deposit address from Sportsbet
> use address in withdrawal mode from Binance

So this is new? I use Binance regularly, but I haven’t used Sportsbet.io anymore since they left the forum. That’s why I’m a bit surprised by this. I always thought exchanges try to avoid anything related to gambling funds and don’t want to be associated with casinos.

Now it looks like wallets can be linked directly, kind of like how you connect through MetaMask. That part is interesting.

I’m just wondering what the real benefit is compared to the old way. Is it mainly for convenience, like faster deposits and withdrawals, or does it actually offer something more than the usual method of sending funds manually?