So I got an e-mail from Circle saying they are closing my account due to "Restricted Activities". Seems like Circle is catching on to what is going on. Anyone else besides Coinbase that offers the same service for Bitcoins?
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Were you sending and receiving from circle? Or just sending?Comment -
Were you sending straight to account or using an intermediary wallet?Originally posted by hello1234567Comment -
I was sending straight to and from at first as I wasn't aware at that time to use an intermediary wallet before. Maybe it may be the volume of transaction in my account on a daily basis may trigger sometime? I would have a few receiving transactions and then a couple withdrawal transactions within the same day.Comment -
Have anyone have experience with Airbiitz? Withdrawals to bank accounts with no problem?Comment -
Probably. That is kind of making it a little too easy. They have to shut down some people and that makes it an easy decision on who to close.Originally posted by hello1234567Comment -
Happened to me 2 months ago!
Originally posted by hello1234567Comment -
So how would you sell your bitcoins now besides using Coinbase or Circle? I don't like dealing with LocalBitCoins. I rather have it done the method that CB and Circle does, withdrawal directly to the bank account.Comment -
What other wallets in the US besides coinbase allow you to sell bitcoins back to your bank account? I'm afraid the same thing will happen with coinbase. I sold over 40,000 last week from coinbase back to my wallet. In some cases I used blockchain as an intermediary.Comment -
So far no problem with Coinbase for you? How frequently were you receiving and withdrawaling on a daily basis?Comment -
If you have Paypal account, you can trade using Paypal method(at least 3% fee). Then, of course, you can withdraw money from Paypal to your bank account pretty much next day.Originally posted by hello1234567
About Paypal fee, you can look for traders that send you as Family/Friends which you don't pay fees. However, prices on LocalBitcoins are a little higher than Circle or Coinbase, so it somewhat covers Paypal fees.Comment -
Paypal on LocalBitcoins?Comment -
Yes. I've done several trades, and only trade with good traders with great ratings. And, it's pretty fast too, traders usually send you money right away.Originally posted by hello1234567
There are tons of methods you can use for trading on LocalBitcoins: Money Gram, **, Cash deposit...Comment -
I think Airbitz is an intermediary wallet for phones. It will not solve your problem.Originally posted by hello1234567Comment -
same here and i have never sent straight to a book
never.
this penetrating sucks
Team Circle (Circle)
Mar 23, xx:xx xx
Hi xxxxx,
Unfortunately we have noticed unusual activity on your account and we will not be able to offer you service at this time.
This activity relates to sections 17 and 18 of the User Agreement which detail 'Restricted Activities."
Please reference the User Agreement should you have any further questions.
Best,
Team Circle
Jane (Circle)
Mar 23, xx:xx xx
This is a notification regarding your Circle account.Comment -
Airbiitz uses Glidera to buy/sell Bitcoins through your bank. I have done a test deposit and withdrawal to my bank using Airbittz and it went through.Comment -
You guys got to slow down a little. Put your money in and take your money out. This back and forth stuff is not going to float.Comment -
So not sending straight to a book, you still get flagged down.Comment -
Yes, they can follow everything you do through the blockchain. Using intermediary just makes it a little harder but it is really not hard for them to do. They are going to shut down a certain number of people and the obvious gamblers and going to be the ones. If you are going to move in and out, you are basically waving a flag to be the next one to be shut down. They cannot facilitate gambling activity.Originally posted by hello1234567Comment -
Now with Paypal, would they report anything or become suspious of anything if I have large amounts ($300+) being paid to my Paypal account about 2-3 times a week?Comment -
Paypal are likely to hold your money if you break their terms, rather than just close the account.Originally posted by hello1234567.Comment -
So, I think that we should not waste time to send through middle wallet, but just don't raise red flag for your account on Circle or Coinbase.Originally posted by BigDaddy
I guess that you play mostly at Nitrogen or Bitcoin books. I think with traditional books like 5Dimes or Heritage, it's hard for Circle or Coinbase to detect gambling activities.Comment -
no i dont use btc booksComment -
so what do we do?Originally posted by Buffalo Nickle
you can send PM if you dont want it out in open
thanksComment -
The problem is most likely the activity. If you transfer here and there in and out of a book, you will probably skate by even if they know what you are doing. But when you set up with Nitrogen and move your money in and out on a daily basis, that is going to raise a red flag. When they start looking, they are going to find.Originally posted by tb1984Comment -
i never used nitrogenComment -
They can hit anybody at any time. I have seen people say they just did one transfer and got shut down. But the more you do, the more you are at risk. Try to keep your transfers to a minimum.Originally posted by BigDaddyComment -
I also got my Circle account closed, so I had just started trading on Localbitcoins, so I'm not sure. Like I said, there are other methods for trading on Localbitcoins.Originally posted by hello1234567Comment -
All of your Bitcoin transactions are public, and those transactions will never go away, they exist on the Blockchain ledger forever. So, if Circle or Coinbase put a review on your account, I think they eventually will find out your dealings with sportsbooks.Originally posted by hello1234567Comment -
This is bad advice. The exchange cares as much about being seen to not facilitate gambling transactions as stopping you.Originally posted by tb1984.Comment -
Well, within this thread, a player has not sent directly to books, but still got banned.Originally posted by OptionalComment -
It's just like P2P. Most people can use it. Some people get banned. Take every precaution. You will probably be fine. But if you use it a lot, you are most likely living on borrowed time. If you get banned at one, you had better try not to get banned at the other. You can't keep doing the same thing. These places are not the gift that keeps on giving for gamblers.Comment -
The account # he used could have been tied to the book via transfer actions taken later.Originally posted by tb1984
The exchange is under pressure to not service gamblers. If you use them to go directly to and from books they will likely have no option but to close your account whilst if you use a middleman they are more likely to just ask you to tell them what you are doing, for their records.
1 person saying it could be a case of forgetting one transaction at some stage too..Comment -
Nope, like I said, all of your bitcoin transactions are public, and they will never go away, they exist on the Blockchain ledger forever. When Circle or Coinbase put a review on your account, it does not matter that you use middle man or not, they will see all your transactions from your account -> middle wallets -> books. Just a quick reference:Originally posted by Optional
Based on the Bitcoin protocol, the blockchain database is shared by all nodes participating in a system. The full copy of the blockchain has records of every Bitcoin transaction ever executed. It can thus provide insight about facts like how much value belonged a particular address at any point in the past.
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Using them with an intermediary wallet gives them deniability. It does matter. They can bust anyone if they want. They have the capability. Gambling is obviously a big part of their business. Don't give them a reason to shut you down.Originally posted by tb1984Comment
