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Deposit and withdrawal methods: cryptocurrency payout (Page 2)

Topic created on 19th Jun. 2021 | Page: 2 of 2 | Answers: 13 | Views: 2,805
supermode
Expert

cryptocurrency payout

20th Jul. 2021, at 03:25 pm CEST#11
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Does anyone know how it behaves if you withdraw 650€ in a crypto casino to e.g. Binance Wallet and then book it from Binance to's bank account, with Crypto it was under 600 tax free and over not, unless you hold it for 1 year. Does anyone check this at all?

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u****n

cryptocurrency payout

20th Jul. 2021, at 03:45 pm CEST#12
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supermode wrote on 07/17/2021 at 09:58
With Coinbase you also have to verify etc right? Have a Binance account but find the punk with PayPal but very interesting, I do not know right now if that is also possible with Binance.

From binance you better leave the fingers at the moment, they have a lot of problems right now. Euro deposits are blocked or only possible with credit card. Paypal withdrawals do not go there either

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u****n

cryptocurrency payout

20th Jul. 2021, at 03:57 pm CEST#13
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supermode wrote on 20.07.2021 at 15:25: Does anyone know how it behaves if you withdraw in a Crypto Casino 650€ on zb. Binance Wallet and then book this from Binance to's bank account, with Crypto it was but under 600 tax free and over not, unless you hold it for 1 year. Does anyone check this at all?

This is a win from a casino and it is tax free and it makes no difference if it is paid out in fiat (Euro, Dollar etc) or crypto or whatever. Taxes on crypto you pay only on exchange gains over 600€ that you pay out within a year. (Still) no one will check it, because Binance has no license in most countries and is not controlled by BaFin, which is currently causing a lot of unrest. Many banks have stopped working with Binance and are blocking all transactions to Binance. However, withdrawals should still be possible

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supermode
Expert

cryptocurrency payout

21st Jul. 2021, at 10:33 am CEST#14
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unicorn wrote on 20.07.2021 at 15:45
Better stay away from binance at the moment, they have a bunch of problems right now. Euro deposits are blocked or only possible with credit card. PayPal withdrawals do not work there either.

Do you know why they are blocked, with Skrill credit card it works, as you already wrote since credit card is possible.

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