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Bitcoin Mistake Bitcoin Mistake

10-20-2017 , 11:22 AM
I'm hoping someone here can help me out. A couple of months back, I purchased BitCoins through Coinbase. I then used Coinbase to deposit directly to America's Card Room. I now know that I shouldn't have done that because threads here suggest that CoinBase will eventually determine that it's a gambling transaction.

Fast forward to today. I want to cashout some poker funds back to CoinBase, but concerned that even if I do what's been suggested on this site, which is to go from America's Card Room, to Blockchain, to Coinbase, that my funds will be frozen when they ultimately hit CoinBase (due to the fact that initial transaction was directly to a gaming site, and they may suspect that).

Am I overthinking this? What do you guys suggest?

Thanks!
10-20-2017 , 12:07 PM
You'll probably be OK as long as you go through Blockchain first. Even if your Coinbase account was closed, you would still be able to transfer your funds out of it.
10-20-2017 , 04:25 PM
Quote:
Originally Posted by goodsaint
You'll probably be OK as long as you go through Blockchain first. Even if your Coinbase account was closed, you would still be able to transfer your funds out of it.
Is this speculation or confirmed re: being able to get the funds off even if they close your account?
10-20-2017 , 05:01 PM
Yes, they are by law not allowed to confiscate funds for this. Worst thing that could happen is they close your account and return your BTC.
10-20-2017 , 08:09 PM
When I started on WPN I made two deposits directly from Coinbase (didn't know any better). Since then I've withdrawn many times (always to Blockchain.com first) with no issues.
10-20-2017 , 08:15 PM
I honestly probably deposited 50+ times with coinbase to ACR/BCP etc... guess I've been lucky...

always cash out through blockchain tho
10-20-2017 , 09:04 PM
Quote:
Originally Posted by stew.robinson
Is this speculation or confirmed re: being able to get the funds off even if they close your account?
Coinbase is a financial concern regulated by U.S. law. It's the same as if a bank no longer wanted you as a customer. They would close your account and return any funds to you.

      
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