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Deposit and withdrawal methods: Winsane payout of a 5-digit amount - next steps

Topic created on 31st Jul. 2024 | Page: 1 of 3 | Answers: 33 | Views: 2,585
Anonym

Winsane payout of a 5-digit amount - next steps

31st Jul. 2024, at 12:29 am CEST#1
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Hello everyone!

I won a 5 digit amount about an hour ago at the website Winsane.com
Does anyone have any experience with it? The tests and testimonials look good, which is why I registered there.
However, what I only found out after the win is that this company has a license from Curacao but seems to be in a gray area in DE because it
somehow has a valid EU license, but somehow not (not like Malta or Gebraltar)

What is the best way to proceed here?...

I've already read in a few comments here that it's best to have it paid back to the credit card (depositor => withdrawal same payment method)
But I could also transfer it from there to my bank account, which would certainly be noticed.

How have you dealt with this so far and what can I expect?
I have also read that my bank may terminate my contract, that I will probably have to pay tax on the money and/or that I could face a prison sentence for illegal gambling.

In my opinion, the Winsane website looks clean in terms of the requirements, but nowhere does it mention anything about legality in Germany, which makes me nervous...

I really hope that you can clear up my confusion...

Best regards!
Lucas

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Pat1991
Top Member

Winsane payout of a 5-digit amount - next steps

31st Jul. 2024, at 11:13 pm CEST#2
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The license puzzles me. According to Google, it should be Curacao, but the checker shows "unlicensed":
https://www.curacao-egaming.com/public-and-players/authenticity

The Live Chat is also in the dark. However, it has a high security index on Casino Guru, which is a fairly reputable international site for online casinos.

However, they definitely don't have a German license, so you should pay out in crypto or to an online wallet to avoid problems.

This post has been translated automatically

gamble1
Icon

Winsane payout of a 5-digit amount - next steps

31st Jul. 2024, at 11:27 pm CEST#3
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The gray area is long gone, regardless of whether you have an EU license or not, any Provider that does not use the dubious DE offer with the slow-ass spins and the fraudulent RTP is 100% illegal

You only have crypto left if you don't want any problems

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Anonym

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 08:00 am CEST#4
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Pat1991 wrote on 31.07.2024 at 23:13: The license puzzles me. According to Google it should be Curacao, but the checker shows "unlicensed":
https://www.curacao-egaming.com/public-and-players/authenticity

The Live Chat is also in the dark. But a high security index at Casino Guru, which is a fairly reputable international site for online casinos.

However, they definitely don't have a German license, so you should pay out in crypto or to an online wallet to avoid problems.


gamble1 wrote on 31.07.2024 at 23:27: The gray area is long gone regardless of whether EU license or not every Provider that does not use the dubious DE offer with the ass-slow spins and the fraudulent RTP is 100% illegal

You only have crypto left if you don't want any problems


Thanks for your efforts and information!
Do you have any recommendations for crypto?
I am offered Bitcoin, Ethereum, Tether, Ripple, USDCoin, Cardano, Dogecoin, Litecoin, BitcoinCash and DAI.

What about the payout? It has to stay on there for a year from the time the last cent is on it and only then can I have it paid out tax-free, right? Is there anything else to consider? How do you do it?

This post has been translated automatically

Anonym

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 10:37 am CEST#5
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LucasD wrote on 01.08.2024 08:00:


Thanks for your efforts and info!
Do you have any recommendations for crypto?
I am offered Bitcoin, Ethereum, Tether, Ripple, USDCoin, Cardano, Dogecoin, Litecoin, BitcoinCash and DAI.

What about the payout? It has to stay on there for a year from the time the last cent is on it and only then can I have it paid out tax-free, right? Is there anything else to consider? How do you do it?

I've done a bit of reading now, but with so many posts I'm sure I've missed a few things.

I would do it like this now:

Amount in monthly or larger intervals in 2k steps (also not all at once but every 2 weeks) to my trustwallet (as Bitcoin) and from there to Coinbase. Then let it stay there for 1 year (from the last transfer) so that it can be paid out tax-free and if the Coinbase KK still exists, then withdraw 2k spread over the month (after the year).

I would use the cash for rent or shopping and leave the remaining salary in my account instead.
Rent goes to a joint account via depositor via QR code (feature of ING) and would be deposited into the account either way, so it shouldn't be noticeable.
And I pay for shopping + errands in cash (not too large sums either, of course)

Is there anything I need to bear in mind or am I making a mistake here?

This post has been translated automatically

frapi07
Elite

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 10:42 am CEST#6
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-- This post was deleted --

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frapi07
Elite

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 10:44 am CEST#7
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LucasD wrote on 01.08.2024 at 10:37 am:
I've read up a bit now, but with so many posts I'm sure one or two things may have been missed.

I would do it like this now:

Amount in monthly or larger intervals in 2k steps (also not all at once but every 2 weeks) to my trustwallet (as Bitcoin) and from there to Coinbase. Then let it stay there for 1 year (from the last transfer) so that it can be paid out tax-free and if the Coinbase KK still exists, then withdraw 2k spread over the month (after the year).

I would use the cash for rent or shopping and leave the remaining salary in my account instead.
Rent goes to a joint account via depositor via QR code (feature of ING) and would be deposited into the account either way, so it shouldn't be noticeable.
And I pay for shopping + errands in cash (not too large sums either, of course)

Is there anything I need to bear in mind or am I making a mistake here?

Regarding your question: What about the payout? It has to stay on for a year from the time the last cent is on it and only then can I have it paid out tax-free, right? Is there anything else to consider? How do you do it?

No, this only applies if you trade in crypto, e.g. you buy crypto for €10/unit and 3 months later you sell it for €11/unit. Then you have to pay tax, unless you hold them for at least 1 year.

You must also be aware that you are also gambling when you get them. The value can go up or down. I just wanted to mention that. Ether would be more suitable, as it fluctuates much less.

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Pat1991
Top Member

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 11:02 am CEST#8
1 Like

Liked this post: Anonym
If it's not extremely much, you could also simply stock up on shopping vouchers for Amazon, supermarkets or Media Markt etc.

You can buy these online with crypto.

I like to use Litecoin as a currency, preferably with an offline wallet (you can google it). You can also withdraw some of it with a crypto debit card (Visa or MasterCard) at an ATM (ByBit and Coinbase offer this), but there may be a few percent fee.

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Anonym

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 12:46 pm CEST#9
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frapi07 wrote on 01.08.2024 at 10:44 am:
Regarding your question: what about the payout then? It has to stay on it for a year from the time the last cent is on it and only then can I have it paid out tax-free, right? Is there anything else to consider? How do you do it?

No, this only applies if you trade in crypto, e.g. you buy crypto for €10/unit and 3 months later you sell it for €11/unit. Then you have to pay tax, unless you hold them for at least 1 year.

You must also be aware that you are also gambling when you get them. The value can go up or down. I just wanted to mention that. Ether would be more suitable, as it fluctuates much less.

Ah, I see, then it doesn't count as a trade that I have to hold for a year - good to know!
I'm aware that it's gambling - but I'm not that familiar with the crypto market, so Bitcoin was the one I was most familiar with.
I'll have a look at Ether too.

Pat1991 wrote on 01.08.2024 at 11:02 am: If it's not extremely much, you could also just stock up on shopping vouchers for Amazon, supermarkets or Media Markt etc.

You can buy them online with crypto.

I like to use Litecoin as a currency, preferably with an offline wallet (you can google it). You can also withdraw part of it with a crypto debit card (Visa or MasterCard) at an ATM (ByBit and Coinbase offer this), but there may be a few percent fee.

Yes, that would also be a solution to implement part of it.
I've already read about Coinbase several times (in a positive light) and was thinking about it. I accept the fact that I have to pay fees.

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frapi07
Elite

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 12:54 pm CEST#10
1 Like

Liked this post: Anonym
LucasD wrote on 01.08.2024 at 12:46 pm:

Yes would also be a solution to implement part of it.
I've already read about Coinbase several times (in a positive light) and I was thinking about it too. I'll accept the fact that I have to pay fees.

No, it doesn't really count. Otherwise you would always have to pay a tax when buying BTC to pay for goods/services. Only if you speculate on an increase in value and you sell them again in less than 12 months. As I said, I would take Tether (I wrote Ether by mistake in the previous amount), which is pegged to the USD and has hardly any fluctuations, at least not like BTC

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Anonym

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 01:03 pm CEST#11
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frapi07 wrote on 01.08.2024 at 12:54 pm:
No, it doesn't actually count. Otherwise you would always have to pay tax when you buy BTC to pay for goods/services. Only if you speculate on an increase in value and you sell them again in less than 12 months. As I said, I would take Tether (I wrote Ether by mistake in the previous amount), which is pegged to the USD and has hardly any fluctuations, at least not like BTC

Merci!
I'll then set up Coinbase and my offline wallet.
Payment method should be added to Coinbase, so I won't do that, right?

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gamble1
Icon

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 01:06 pm CEST#12
1 Like

Liked this post: Anonym
LucasD wrote on 01.08.2024 at 10:37 am:
I've read up a bit now, but with so many posts I'm sure one or two things may have been missed.

I would do it like this now:

Amount in monthly or larger intervals in 2k steps (also not all at once but every 2 weeks) to my trustwallet (as Bitcoin) and from there to Coinbase. Then let it stay there for 1 year (from the last transfer) so that it can be paid out tax-free and if the Coinbase KK still exists, then withdraw 2k spread over the month (after the year).

I would use the cash for rent or shopping and leave the remaining salary in my account instead.
Rent goes to a joint account via depositor via QR code (feature of ING) and would be deposited into the account either way, so it shouldn't be noticeable.
And I pay for shopping + errands in cash (not too large sums either, of course)

Is there anything I need to bear in mind or am I making a mistake here?

I would leave it in USDC if it is on Coinbase. The advantage is that it is always worth exactly $1 and is secured by the US Federal Reserve and you also get a good 5% interest on it

Edit: You only need a payment method to buy, but you don't have to set it up

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frapi07
Elite

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 01:12 pm CEST#13
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LucasD wrote on 01.08.2024 at 13:03:

Merci!
Then I'll set up Coinbase and my offline wallet.
Payment method should be added to Coinbase, I won't do that then, right?

You have euros or USD in your casino account, right? You have to withdraw that first. That's not possible on Coinbase. You can buy/sell crypto on Coinbase, but you can't receive FIAT currency - at least I haven't seen any option.

The payment method on Coinbase is required to buy crypto. But you want to sell it there, or am I misunderstanding your intention?

@gamble1 can you also receive FIAT on Coinbase? I've been searching for 5 minutes for such a setting, but can't find anything.

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Anonym

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 01:12 pm CEST#14
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gamble1 wrote on 01.08.2024 at 13:06:
I would leave it in USDC if it's on Coinbase Advantage is always worth exactly $1 and backed by the Federal Reserve plus you still get a good 5%+ interest on it

Edit: You only need a payment method to buy, but you don't have to set it up

Cool, good to know! Thank you!

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Anonym

Winsane payout of a 5-digit amount - next steps

1st Aug. 2024, at 01:19 pm CEST#15
1 Like

Liked this post: Avatar von Pat1991 Pat1991

frapi07 wrote on 01.08.2024 at 13:12:
You have euros or USD in your casino account, don't you? You have to withdraw that first. That's not possible on Coinbase. You can buy/sell crypto on Coinbase, but you can't receive FIAT currency - at least I haven't seen any option.

The payment method on Coinbase is required to buy crypto. But you want to sell it there, or am I misunderstanding your intention?

@gamble1 can you also receive FIAT on Coinbase? I've been searching for 5 minutes for such a setting, but can't find anything.

I get a casino payout in Bitcoin , Ethereum , Tether , Ripple , USDCoin, Cardano, Dogecoin , Litecoin , BitcoinCash and DAI are offered - I will only see whether this works without depositors when I try to make a withdrawal...

I would then transfer it to an offline wallet and from there to Coinbase. That works, doesn't it?

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