Betting Questions

So I just received this notice from Coinbase. I'm trying to figure out how the F are they able to figure out that I'm gambling. I used an intermediary in Blockchain but I think from what I've researched that if you're doing the exchanges too fast without delay in between that they're assuming that you are your own middleman or something along those lines? Any advice on how to respond to this email? I have a lot of money tied into my Coinbase and I'm freakin lost at what to say at this point.


Hello,

Thank you for your interest in Coinbase! We know you have a choice when it comes to digital currency services and we are grateful to have earned your trust.

Our records indicate that your account may be involved in transaction(s) related to online gambling. Please be aware that pursuant to Appendix 1 of our User Agreement, Coinbase Services may not be used in connection with online gambling (https://www.coinbase.com/legal/user_agreement).

If you have sent funds to an online gambling site or have received funds from online gambling, please be aware that this is a violation of our Terms and we respectfully request you cease such activity.

If, however, you believe this transaction is not associated with online gambling please respond with a detailed explanation of your activity for our records.

Please note that if we do see additional transactions related to online gambling your Coinbase account may be suspended. We hope we do not have to take such action and respectfully request you review our Terms of Use and ensure that all activity on your account is supported by our service.

Thank you for your understanding.

Respectfully,

Coinbase Customer Support


© Coinbase 2017
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@LEMONZEST I looked into Quadriga but they don't accept US customers.
 
Rebel_LioN said:
So I just received this notice from Coinbase. I'm trying to figure out how the F are they able to figure out that I'm gambling. I used an intermediary in Blockchain but I think from what I've researched that if you're doing the exchanges too fast without delay in between that they're assuming that you are your own middleman or something along those lines? Any advice on how to respond to this email? I have a lot of money tied into my Coinbase and I'm freakin lost at what to say at this point.


@LEMONZEST I looked into Quadriga but they don't accept US customers.
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localbitcoins are good, a bit of a pain to set up, but once you get your first feedback it becomes a lot easier. their transaction fees are lower than coinbase too.
 
Roads55 said:
localbitcoins are good, a bit of a pain to set up, but once you get your first feedback it becomes a lot easier. their transaction fees are lower than coinbase too.
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Thank you I'm going to look into it. I'm in such a rut right now regarding moving my coins that it deterred me from betting too much on that last event. I got some money tied up right now that I need to figure out.
 
Rebel_LioN said:
So I just received this notice from Coinbase. I'm trying to figure out how the F are they able to figure out that I'm gambling. I used an intermediary in Blockchain but I think from what I've researched that if you're doing the exchanges too fast without delay in between that they're assuming that you are your own middleman or something along those lines? Any advice on how to respond to this email? I have a lot of money tied into my Coinbase and I'm freakin lost at what to say at this point.




@LEMONZEST I looked into Quadriga but they don't accept US customers.
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Damn that sucks man. I would cash out asap. I wouldnt lie to them as they probably know whats going on.

I still dont understand how coinbase can track transactions that use an internediary wallet.

It sucks Quadriga doesnt accept US customers cuz they are really good.

Maybe send your funds to blockchain as EZ plans to.
 
LEMONZEST said:
I would like some clarification on this. I don't think coinbase or whoever knows who the sender is. That is supposed to be part of the value of bitcoin - anonymity. Correct me if I am wrong.

I am pretty sure Coinbase (or whoever) just creates a recipient address for you and then people can put bitcoin in there. It can be 5d, BM, or your grandma but Coinbase is not tracking (or should no be able to) who the sender is.

I just did my first withdrawal using BTC. I opended at account on QuadrigaCX which is a Canadian based bitcoin exchange.

Once the BTC hits my Quadriga account I can then choose to sell it for CDN or USD. Now I am pretty damn sure Quadriga (or Coinbase or whoever) does not have the ability to see who is sending BTC to my account.

I am not sure if Quadriga is available to Americans but I think so. There are tons of withdrawal options on Quadriga many of which have no fees.

One interesting note: I chose to withdraw to my Mastercard. In this way the money is used against my MC balance and never actually hits my bank account...Somehow I think this poses less risk of getting the tax man upset.

Thoughts on this ?...I am a professed newb in the ways of BTC.
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Us Canadians don't have to pay any tax on gambling or lotto winnings. The only exception is if the CRA somehow determines you are a pro gambler. I keep transactions to any bank account well below $10000 just to stay under the radar. Anything above $10000 is automatically reported to fintrac.
 
^^ wow did not know this. I keep all my transactions below 500 CAD as a precaution.
 
Rebel_LioN said:
So I just received this notice from Coinbase. I'm trying to figure out how the F are they able to figure out that I'm gambling. I used an intermediary in Blockchain but I think from what I've researched that if you're doing the exchanges too fast without delay in between that they're assuming that you are your own middleman or something along those lines? Any advice on how to respond to this email? I have a lot of money tied into my Coinbase and I'm freakin lost at what to say at this point.




@LEMONZEST I looked into Quadriga but they don't accept US customers.
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Huh thats weird, idk how they are figuring out that you are associated with online gambling. I switched to localbitcoins around 6 months ago and everything as been going smooth for me. I also have a btc debit card that is linked to one of my wallets and is accepted anywhere that takes visa which is super convenient. I got one before they were hard to get in the US now coinbase/shift has a monopoly on debit cards in the US. For anyone outside the US i would recommend e-coin debit card that you can load up with btc funds, you can get a physical card or a virtual one for a fee.
 
Man I'm stuck with a couple grand that's been frozen in Coinbase. They won't let me transfer out my funds. They don't even have a customer service team. I've been waiting for an email response for a few days now and nothing.

As soon as I get my shit out I'm going to follow up with everyone's suggestions.
 
Rebel_LioN said:
Man I'm stuck with a couple grand that's been frozen in Coinbase. They won't let me transfer out my funds. They don't even have a customer service team. I've been waiting for an email response for a few days now and nothing.

As soon as I get my shit out I'm going to follow up with everyone's suggestions.
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jeez so funds are frozen?! Seems like it would make most sense for them to warn you and then give you a few weeks to get outta dodge.
 
BBMN said:
Are there sites to absolutely avoid?

And is it possible to use a prepaid Visa card, like one of the Vanilla Visa cards? I've heard that many sites won't take prepaid Visa, unless the card is good for international use, which many are not.

So what would be the best US based betting site? I went to Sportsbook to see their ratings of sites, and have filtered it to be just the US, but I just contacted Sportbet.com, and they said they're in Costa Rica... I'm getting a bit confused...

I don't want to give my credit card to a foreign betting website.... But I want to bet on 196.

I currently have an account with betonline.ag , but it has no cash or anything linked to it.
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dude, and you try to make a card Entropay or MANGO Card one of them must suitable for your needs. This virtual card can top up at any required amount. as you can see Online Betting Sites the list of bookmakers can be find that taking Vanilla
 
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Does bookmaker.eu still have the live bets during the fights?
 
anyone know of a good site for live betting that acccepts US players?
 
LEMONZEST said:
5dimes niqqa
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After experiencing full live betting rather than in between rounds like 5dimes does, I have to disagree. They usually don't offer props either, and as 5d has so many users it's hard to get a bet in on high profile fights with the line changing every 5 seconds.

I'm not sure which US books offer full LB but I'm sure someone here does.
 
Sadistics said:
After experiencing full live betting rather than in between rounds like 5dimes does, I have to disagree. They usually don't offer props either, and as 5d has so many users it's hard to get a bet in on high profile fights with the line changing every 5 seconds.

I'm not sure which US books offer full LB but I'm sure someone here does.
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Doesnt exist afaik. If it does pls fill me in.
 
LEMONZEST said:
Doesnt exist afaik. If it does pls fill me in.
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You're Canadian aren't you? Ohmbet is available to us and they have great livebetting, I don't think they're available for US residents
 
Sadistics said:
You're Canadian aren't you? Ohmbet is available to us and they have great livebetting, I don't think they're available for US residents
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Aight. Did not realize. Im on it. Thx brah
 
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