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Online Casinos in general: 2 large sums transferred from Binance to C24 account - fear!!!

Topic created on 13th Aug. 2024 | Page: 1 of 1 | Answers: 11 | Views: 1,143
Chriiiis
Rookie

2 large sums transferred from Binance to C24 account - fear!!!

13th Aug. 2024, at 10:39 pm CEST#1
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I accidentally transferred 2 large amounts from binance to my c24 account (over 10,000 and under 20,000 in total)) so the sum is less than 18,000, but I'm totally scared now

i've actually always paid out 3-5,000 and never received anything.

i won the money at stake... should i be afraid that tomorrow my account will be blocked and the police will report it or freeze the money?
i'm driving myself totally crazy right now

what are your experiences?

thank you!

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Twfarcry6
Amateur

2 large sums transferred from Binance to C24 account - fear!!!

13th Aug. 2024, at 11:42 pm CEST#2
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Yes fear is always good.troll post. I often have the feeling that topics are opened here just so that half of the users can insult each other with the other half. Whether the thread creator is serious or trolling. The main thing is that the forum doesn't die out. Absolutely ridiculous, sorry. And please don't anyone write that I shouldn't be so mean and that the creator is serious. I will not reply. Because of intelligentz and yes, I may have spelling mistakes. The first one has already replied below. Troll has succeeded bravo. Accidentally transferred several thousand twice. I can't take it anymore. The sum is less than 18 k. Dude what a fairy tale

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gamble1
Icon

2 large sums transferred from Binance to C24 account - fear!!!

13th Aug. 2024, at 11:45 pm CEST#3
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You may have to bring a confirmation where the money comes from but if you then specify casino they have to press you a complaint because Stake has no license in DE

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Anonym

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 05:47 am CEST#4
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Liked this post: Avatar von Tobsen Tobsen
it doesn't matter whether it's fake or not. you can't discuss the subject often enough.

how to proceed in this case:

1. open a second account immediately (if not long before). Revolut, for example. put money into it. so that you are liquid if the number with the freeze should take place. something like this can take time and nothing is worse than being completely leveraged and not being able to pay anything (experience).


2. if this happens: contact a lawyer IMMEDIATELY. you are powerless on your own (experience).

3. even if nothing comes, don't leave the money there. in case they think of something later.

4. read up as quickly as possible on the correct behavior in the event of a police summons (keyword: do not give any information, there is a lot of help here in the forum)

5. don't forget the lawyer!!!

6. breathe. a bank account termination is not the end of the world. neither is freezing it if you have a second account. in many cases, the police action can be cushioned / the charges are still dropped more often than they are actually enforced.

7. that doesn't mean that you should take it lightly and try to pull this nonsense again.

8. read up on everything that has to do with the topic. including crypto, stock exchanges, payouts from such wins etc etc etc. the german state won't understand any more fun when it comes to possible tax office/tax issues. don't give a shit about Player protection and money laundering. if they get on your trail in terms of missed taxes through the number, you're out of luck!...

7. the lawyer. exactly.

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moralischverwerflich
Expert

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 09:28 am CEST#5
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dazzle_tea wrote on 14.08.2024 at 05:47: latte ob fake oder nicht. kann man nicht oft genug besprechen das thema.

8. basically read up on everything that has to do with the topic. also on crypto, exchanges, payouts from such wins etc etc etc. in case of possible tax office/tax stories, the german state won't understand any more fun. f**k Player protection and money laundering. if they get on your track in terms of missed taxes through the number, you're out of luck...



Then read up on the point.... Taxes are not payable in such cases! So you can't be accused of collecting taxes either.


In the case of a casino win with cryptos, you have not made a capital gain, so no taxes are due.
Normally, you sell your cryptos immediately from the win and don't leave them lying around for weeks while the price gains take place.

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Rainmann
Elite

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 10:14 am CEST#6
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Binance is not illegal so what's the problem? You just have to pay taxes on crypto transactions

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Jenges
Amateur

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 10:24 am CEST#7
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Your bank could ask for the origin of the money. Binance is not illegal, so your bank has no reason to alert any authorities. However, your bank will probably not be interested.

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Twfarcry6
Amateur

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 11:07 am CEST#8
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Hahahhah that's exactly what I meant. The same thing every time. Please insult each other. Then they've done it again

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frapi07
Elite

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 11:25 am CEST#9
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Rainmann wrote on 14.08.2024 at 10:14 am: Binance is not illegal so what's the problem? You just have to pay taxes on crypto transactions

Wrong, read the post by morally reprehensible. He correctly wrote that there are no taxes on the whole thing. Taxes only apply when you buy/sell crypto. The tax you pay on this is also called income tax. As the name suggests, you pay this tax when you generate income and gambling is not included in this.

Moreover, Binance is not illegal, you're right. Jenges has already written everything about this, so I don't need to repeat it.

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moralischverwerflich
Expert

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 11:55 am CEST#10
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Liked this post: B****3, Avatar von frapi07 frapi07

Rainmann wrote on 14.08.2024 at 10:14 am: Binance is not illegal so what's the problem? You just have to pay taxes on crypto transactions

Wrong.... You only pay taxes if you make a win through a price increase.


To make it very clear, BTC is tax-free and taxable as an example:

Tax-free:
On January 1, you buy or receive a BTC as a win from the casino at a rate of €50,000.
If you then sell it again at the SAME price, whether 1 minute later or 1 day 1 month later, you pay no tax.

Taxable:
On 1/1 you buy or receive it as a win from the casino a BTC at the rate of 50.000€.
BTC explodes all at once and within a few minutes, days or months and rises to €80,000 and you then sell, then it is taxable, but only the win from it. The €30,000 above the original €50,000 must then be taxed.

Then there is a tax-free example:

If you hold the cryptos for at least 12 months and only then sell, then it doesn't matter how much you have won on the price. Even if the BTC rises to its predicted 1 million, you do not pay tax on the sale.


Just read on for 5 minutes before you start talking shop.



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Rainmann
Elite

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 01:14 pm CEST#11
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morallyreprehensible wrote on 14.08.2024 at 11:55:

Wrong.... You only pay taxes if you make a win by increasing your share price.


To make it very clear, BTC is tax-free and taxable as an example:

Tax-free:
On January 1, you buy or receive a BTC as a win from the casino at a rate of €50,000.
If you then sell it again at the SAME price, whether 1 minute later or 1 day 1 month later, you pay no tax.

Taxable:
On 1/1 you buy or receive it as a win from the casino a BTC at the rate of 50.000€.
BTC explodes all at once and within a few minutes, days or months and rises to €80,000 and you then sell, then it is taxable, but only the win from it. The €30,000 above the original €50,000 must then be taxed.

Then there is a tax-free example:

If you hold the cryptos for at least 12 months and only then sell, then it doesn't matter how much you have won on the price. Even if the BTC rises to its predicted 1 million, you do not pay tax on the sale.


Why don't you just read this for 5 minutes before you start talking shop?




Thanks for the explanation. But the casino is not legal in Germany so if the bank asks, he should state that it comes from crypto sales or am I wrong? I'm curious when Bitcoin will rise to 1 million

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moralischverwerflich
Expert

2 large sums transferred from Binance to C24 account - fear!!!

14th Aug. 2024, at 06:54 pm CEST#12
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Rainmann wrote on 14.08.2024 at 13:14:

Thanks for the explanation. But the casino is not legal in Germany so he should state if the bank asks that it comes from crypto sales or am I wrong? I'm curious when Bitcoin will rise to 1 million

Yes, you can if they ask. But you don't owe them any information about whether this sale is relevant under tax law.

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