All Forums | Gaming Industry - US

Coinbase threat email

Participants:
Search
Views: 1491
Posts: 5
 
Veteran
Participation Meter
Joined: Nov, 2004
Posts: 3502
Posted: #1
Stopped using traditional methods to deposit into my account a few months ago and started using Nitrogen Sports and Bitcoin instead. It's been the greatest/smooth transaction of my entire life; however, I did receive an email today from Coinbase telling me that they suspect I'm using the site for gambling purposes. They didn't threaten to close my account ... yet. 

They did say any transactions they deemed to be of the gambling nature would effectively close my account. Anyone ever dealt with this before? If so, is it best to lay low for a bit or should I expect my account to be closed eventually. I love Coinbase so I'm worried about where I'd have to go if that door closed. 
 
Veteran
Participation Meter
Joined: May, 2014
Posts: 1564
Posted: #2
You need to create a different wallet address from Nitrogen. You can do this easily by requesting a new wallet address in your nitrogen account settings. You are getting flagged because it keeps on seeing the same wallet id being used back and forth. 

Also, you need to create an intermediary account with like Blockchain. The reason why you are getting flagged is because you are sending your transactions directly from Coinbase to the sportsbook. If you send your transactions from Coinbase then to Blockchain and then to Nitrogen, you wont have this problem. Same route for payouts too. Have the books send your payouts to the Blockchain address and then from there to the Coinbase.

It takes minutes to create a free blockchain account. 
 
Veteran
Participation Meter
Joined: Nov, 2004
Posts: 3502
Posted: #3
Quote Originally Posted by CountCrisco:

You need to create a different wallet address from Nitrogen. You can do this easily by requesting a new wallet address in your nitrogen account settings. You are getting flagged because it keeps on seeing the same wallet id being used back and forth. Also, you need to create an intermediary account with like Blockchain. The reason why you are getting flagged is because you are sending your transactions directly from Coinbase to the sportsbook. If you send your transactions from Coinbase then to Blockchain and then to Nitrogen, you wont have this problem. Same route for payouts too. Have the books send your payouts to the Blockchain address and then from there to the Coinbase.It takes minutes to create a free blockchain account.


Amazing. I feel like an idiot for not knowing about blockchain. Just signed up and will create a new Nitrogen address going forward. Thanks again for the help!
 
Veteran
Participation Meter
Joined: May, 2014
Posts: 1564
Posted: #4
you're welcome
 
 
Prospect
Participation Meter
Joined: Oct, 2015
Posts: 9
Posted: #5
Nitrogen has is the best sportsbook experience I've had in many many years of betting sports. You just cant beat the instant payouts. It's absolutely amazing. I also love the live CHAT where you can talk to other gamblers and share your bets and picks. It's really cool. Here is a link below if you wanna check it out.

All Forums | Gaming Industry - US
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Betting News
Podcasts
Responsible Gambling
Betting Sites
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Office Pools
The Covers community has
810,221
lifetime members worldwide
Covers 30 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
21+
Gambling problem? Call 1-800-GAMBLER
Help Privacy Privacy Choices Terms of Service Cookies Sitemap Forum
Covers is verified safe by:
Evalon Logo Logo GPWA Logo GDPR logo Logo GeoTrust logo Logo
Covers Logo
Copyright © 1995 - 2026 Genius Sports. All Rights Reserved.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.