1. #1
    ronald
    ronald's Avatar Become A Pro!
    Join Date: 10-31-05
    Posts: 4,918
    Betpoints: 8459

    Can you withdraw BTC from a sportsbook directly to Kraken?

    I recall that Coinbase frowned upon gambling transactions, so it was advised to use a middle man like blockchain.info

    What about Kraken? Should I also be using blockchain.info as a middle man between Kraken and sportsbooks?

  2. #2
    Daddy89
    Im betting now! :)
    Daddy89's Avatar Become A Pro!
    Join Date: 05-09-18
    Posts: 84
    Betpoints: 1207

    Just provide the wallet address. In my case, I've sent BTC from my book to Bitfinex without a problem. Try a small amount. You can also use blockchain.info but will cost you more fees :/

  3. #3
    mrpapageorgio
    mrpapageorgio's Avatar Become A Pro!
    Join Date: 09-07-17
    Posts: 2,974
    Betpoints: 3869

    Quote Originally Posted by ronald View Post
    I recall that Coinbase frowned upon gambling transactions, so it was advised to use a middle man like blockchain.info

    What about Kraken? Should I also be using blockchain.info as a middle man between Kraken and sportsbooks?
    For U.S. users, their terms also state you can't use their services for gambling. https://www.kraken.com/en-us/legal

    IMO, personally, I don't know how they can catch you for sending BTC to a book as long as the address the book provides has no previous transactions, but I've never been comfortable receiving a withdrawal from a book since who knows what transactions are associated with the sending address. You could get away with it 100 times, but they only have to catch you once before locking your account.

  4. #4
    ronald
    ronald's Avatar Become A Pro!
    Join Date: 10-31-05
    Posts: 4,918
    Betpoints: 8459

    Quote Originally Posted by mrpapageorgio View Post
    For U.S. users, their terms also state you can't use their services for gambling. https://www.kraken.com/en-us/legal

    IMO, personally, I don't know how they can catch you for sending BTC to a book as long as the address the book provides has no previous transactions, but I've never been comfortable receiving a withdrawal from a book since who knows what transactions are associated with the sending address. You could get away with it 100 times, but they only have to catch you once before locking your account.
    Sharp post.

Top