Post
Topic
Board Bitcoin Discussion
Topic OP
What Happens to your Bitcoin after exchange ceases them for disobedience?
by
Mrbluntzy
on 18/04/2025, 11:37:22 UTC
In the terms and policies of some centralized exchange, they stated that they don't accept Bitcoins from  an untrusted source such as mixers or a wallet that has been flagged, some exchange even stated that they don't accept Bitcoins from casinos.

So, if any customer disobeys those rules and send Bitcoin from the mixer or any sources that the exchange doesn't want, they will block the persons account and the customer could lose their coins forever.
The exchange are doing so to protect their image too based on the government policies, I guess.
So, when they cease those coins, how sure are we that they will take it to the government?

Sometimes, after making such deposit, before the exchange detects it, you must have traded the Bitcoin to Fiat and withdraw it to your account, so what will the exchange do after you have already withdrawn the money to your account before they later found out that the coins was tainted?

Another thing that just popped in my head now is, what if after you deposited the Bitcoin because you needed some money and wanted to convert the Bitcoin to Fiat, but you later changed your mind and you decided to withdraw back the money to a newly created address, will the casino report that your address to be flagged?