Quote:
Originally Posted by pokernovice
My Blockchain.com account was recently flagged after Ignition withdrawal. There's no back story lol. I've been receiving BTC/BHC from Ignition for years into my Blockchain.com wallet, with no issues. This morning I got this email from Blockchain.com, requesting more info. The Ignition rep says I should ask Blockchain why they require this info, but I am checking to see if anyone have this experience. See Below:
"In Your recent activity we detected that funds linked to a gambling service were deposited into Your Blockchain.com and we require the following information:
- Occupation
- Proof of residential address, in the form of a bank statement or utility bill dated within the last 3 months
- Explanation and proof of Source of funds, in the form of:
Deposit and withdrawal activity from the gambling service from where the funds were deposited;
Gambling service activity (betting history).
- Source of Wealth in the form of:
Payslips;
Inheritance;
Sale of real estate;
Etc.
Please reply within the next 5 business days to avoid any suspension to your Blockchain accounts.
Thank you for your cooperation."
The issue is they will have to comply with US laws since they now allow US citizens to buy/sell crypto directly. UIGEA prohibits any enabling of US funds on or off a prohibited platform. This is the first I've heard of someone saying that got the blockchain whammy. Figured it was coming and suggested people use third party intermediary wallet with new address for withdrawals.
They are asking a lot of info and it seems that those KYC questions are geared more for Europeans. Sorry to say, I think once you establish your address as being in US (assuming you are) that the discussion will end. Hopefully they send your funds and then close your account and not just keep them.
Quote:
Originally Posted by txdome
I'm a crypto novice. So if I get one of those wallets, I just withdraw straight to there instead of blockchain? I know they're mentioned all the time here, but anyone willing to give a quick friendly reminder of an alternative to blockchain?
Yes.
Procedure should be:
Exchange (Coinbase, Gemini, Kraken, Blockchain, etc...)
To private stand alone wallet.
I recommend exodus, also use Trust wallet. They have no verification so pretty anonymous.
Then send to poker, gambling, etc....
On the way out, reverse it but I'd recommend you enable new address to receive. You do this through the settings. You can put in any wallet address intob google search and find its entire history. No bueno.
Then send from private wallet to one of the exchanges
Just an FYI, when I have a larger withdrawal, I will take it in several currencies to my wallet. I then move around to several exchanges and even will use extra private wallets for more privacy.
I tend to be overly cautious but I had a serious issue one decade ago and have zero desire to entertain federal agents to discuss my finances. Members of the current administration, Janet Yellen for example, have suggested a crypto tax as high as 80% Multiple addresses etc can save you a lot of grief. Naturally, always report the income but I'd rather not let them into my business.
Once you do a couple transactuons, it is super easy and takes less than 60 seconds of effort to do it all. Feel free to PM me if you have specific wallet/exchange questions as to not derail the thread.