In the realm of online casinos, "coin-mixing" is a term that refers to the act of depositing funds and then withdrawing them without engaging in substantial betting activities. In other words, using an online casino platform as a temporary stopover for funds, rather than for its intended purpose of gambling, is viewed as coin-mixing.
Potential Problems with Coin-Mixing
Pending Withdrawals: If you deposit an amount and then attempt to withdraw without placing bets, your withdrawal may remain in a pending state. This can be inconvenient and delay your access to your funds.
Violation of Usage Terms: Coin-mixing is not allowed on online gambling platforms. This activity can be construed as fraudulent or indicative of money laundering, compelling the platform to enforce restrictions to prevent it.
How to Avoid Coin-Mixing Issues
To prevent complications related to coin-mixing, consider the following:
Utilize the Platform as Intended: Make sure to use the gambling platform for its intended purpose – gambling. Engaging in substantial betting activities following a deposit can help avoid coin-mixing-related issues.
Withdraw to the Same Address: If you've mistakenly deposited funds without intending to gamble, it may be possible to withdraw the funds back to the same address from which you deposited. This workaround, however, is not applicable for fiat transactions.
Complete the KYC Process: If the above solutions aren't feasible, you may need to complete the Know Your Customer (KYC) verification process. This helps ensure you're in line with the platform's anti-money laundering policies and may facilitate the withdrawal process.
Remember, coin-mixing can pose significant issues when gambling online. Use the platform responsibly, and if you encounter any issues, don't hesitate to reach out to our support team at [email protected] or through our 24/7 live chat.