1. 05-23-19 05:35 AM #1
    footballfish
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    Bitcoin wallet demanding source of funds

    I took a 5-figure bitcoin payout from a sportsbook, had it sent to my bitcoin wallet, and then initiated a large sale. My bitcoin wallet contacted me and told me they want to talk to me, and know the source of the funds, before the sale will be completed and the funds will hit my account. In the meantime, I don't have access to that funds or the bitcoin. My question is, when I talk to them (assuming that's my only course of action), can I tell them the truth? Or will saying the source of the funds was a sportsbook payout cause issues? Thanks!
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  2. 05-23-19 05:43 AM #2
    littlekona
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    What wallet? Wallets dont care unless its tied into an exchange platform like coinbase...
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  3. 05-23-19 05:50 AM #3
    footballfish
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    Blockchain (and its buy/sell arm SFOX)
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  4. 05-23-19 06:30 AM #4
    Optional
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    Quote Originally Posted by footballfish View Post
    Blockchain (and its buy/sell arm SFOX)
    Gee I bet everyone who took their offer of free Stellar in exchange for ID info will regret it when they read this post.


    I have not seen anyone else quizzed by them before so could only guess how they will react.

    Other exchanges usually tell you to transfer your bitcoin out and close your account when it comes to gambling. Let's hope they are the same.



    Here are their terms. Make sure you understand them before speaking to them so you know what they dont want to hear.


    1.3. Permitted Use. You agree and acknowledge that your use of the SFOX Site or the Services will not involve the use of any retirement funds, including any personal or indirect IRA investments and that you will not use the SFOX Site or the Services in connection with any unlawful or otherwise undesirable activity (as determined by SFOX in its absolute and sole discretion), including, but not limited to dealing in counterfeit goods, gambling, money laundering, or drug activity. In addition, you represent that your SFOX Account is discretionary in nature, and is not being used primarily for personal, family, or household purposes.

    https://www.sfox.com/terms.html
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  5. 05-23-19 01:17 PM #5
    icon
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    Quote Originally Posted by Optional View Post
    Gee I bet everyone AMERICANS who took their offer of free Stellar in exchange for ID info will regret it when they read this post.
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  6. 05-23-19 03:17 PM #6
    TheMoneyShot
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    Never gave my ID to any exchange..... no need to
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  7. 05-23-19 06:21 PM #7
    raiders72001
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    Never say gambling.
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  8. 05-23-19 09:02 PM #8
    mrpapageorgio
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    Quote Originally Posted by Optional View Post
    Gee I bet everyone who took their offer of free Stellar in exchange for ID info will regret it when they read this post.


    I have not seen anyone else quizzed by them before so could only guess how they will react.

    Other exchanges usually tell you to transfer your bitcoin out and close your account when it comes to gambling. Let's hope they are the same.



    Here are their terms. Make sure you understand them before speaking to them so you know what they dont want to hear.


    1.3. Permitted Use. You agree and acknowledge that your use of the SFOX Site or the Services will not involve the use of any retirement funds, including any personal or indirect IRA investments and that you will not use the SFOX Site or the Services in connection with any unlawful or otherwise undesirable activity (as determined by SFOX in its absolute and sole discretion), including, but not limited to dealing in counterfeit goods, gambling, money laundering, or drug activity. In addition, you represent that your SFOX Account is discretionary in nature, and is not being used primarily for personal, family, or household purposes.

    https://www.sfox.com/terms.html
    He sold it to SFOX who is directly tied to Blockchain, had he sent it elsewhere besides them, no problem. SFOX is who's raising the problem.
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    LLXC gave mrpapageorgio 1 SBR Point(s) for this post.
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  9. 05-24-19 06:24 AM #9
    littlekona
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    Quote Originally Posted by TheMoneyShot View Post
    Never gave my ID to any exchange..... no need to
    it's been a while so not 100% but Im pretty sure Gemini asked when I signed up...
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  10. 05-24-19 09:45 AM #10
    LLXC
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    Quote Originally Posted by littlekona View Post
    it's been a while so not 100% but Im pretty sure Gemini asked when I signed up...
    If you’re selling any legitimate amount on an exchange, you have to nowadays
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  11. 05-24-19 10:12 AM #11
    themike78
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    Quote Originally Posted by littlekona View Post
    it's been a while so not 100% but Im pretty sure Gemini asked when I signed up...
    I had to give gemini like 17 things verifying my identity including weird selfies of me holding i.d cards and codes written on paper. After all of that b.s they told me I'm not allowed to sign up with them. I have no idea why fuk them. Maybe it's because I cursed them out every time they asked for something else. I don't get it. These places ask for more i.d than banks do.
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  12. 05-24-19 10:26 AM #12
    jtoler
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    just tell em you won it by betting dubs for the series
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  13. 05-24-19 11:39 AM #13
    Snowball
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    you got cousins everywhere in the world.

    i do.
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