I won 5ETH with sports betting at an online casino. I have paid out the money to my crypto wallet. Now the question is how I can get my money paid out without problems from the bank and the tax office. I have considered distributing the money to several friends and having them pay it out at the bank and give it to me in cash. Is that the best option? The amount in question is €15,000
xraqux wrote on 12.03.2025 at 11:30: I won 5ETH with sports betting at an online casino. I paid the money out to my crypto wallet. Now the question is how I can get my money paid out without problems from the bank and the tax office. I have considered distributing the money to several friends and having them pay it out at the bank and give it to me in cash. Is that the best option? It is about 15.000€
Hello and welcome to the forum
First of all, I want to congratulate you on your win!
There is a search function in the forum (the magnifying glass at the top right). There you can type in "crypto payout", for example, and then you will get all the hits that are assigned to this topic.
You do not have to report anything to the tax office, as you did not generate the win through speculation. For example, you bought crypto and sold it for more.
It depends on the exchange, but I don't think most people will have any problems here. I received almost 80 LTC (just under €10,000) on my wallet from a casino 4 weeks ago. I was able to sell them for euros and transfer them to my account without any problems. I haven't had any problems so far.
How do I withdraw securely from Crypto Casino?
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How do I withdraw securely from Crypto Casino?
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Saphira
Hello and welcome to the forum
First of all, I want to congratulate you on your win!
There is a search function in the forum (the magnifying glass at the top right). There you can type in "crypto payout", for example, and then you will get all the hits that are assigned to this topic.
Here is an example: Withdraw crypto from the casino | GambleJoe® Forum (Page 1/3)
You do not have to report anything to the tax office, as you did not generate the win through speculation. For example, you bought crypto and sold it for more.
It depends on the exchange, but I don't think most people will have any problems here. I received almost 80 LTC (just under €10,000) on my wallet from a casino 4 weeks ago. I was able to sell them for euros and transfer them to my account without any problems. I haven't had any problems so far.
This post has been translated automatically