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Online Casinos in general: Consequences after July 1, 2021 (Page 4)

Topic created on 18th May. 2021 | Page: 4 of 95 | Answers: 942 | Views: 338,072
garfield68
Elite

Consequences after July 1, 2021

18th May. 2021, at 06:29 pm CEST#32
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i hope that Skrill and Neteller will at least be preserved, anything else would be really bad. I have not yet dealt with cryptos, I must say

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Krabbenburger
Experienced

Consequences after July 1, 2021

18th May. 2021, at 06:35 pm CEST#33
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RebellYell wrote on 05/18/2021 at 6:11 PM

E-Walltes are explicitly in this contract. So, that they are also affected by the measures

What does this devilish German gambling contract say about e-wallets ?

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Krabbenburger
Experienced

Consequences after July 1, 2021

18th May. 2021, at 06:39 pm CEST#34
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evopower140 wrote on 18.05.2021 at 18:25: Is so a crypto always worth the same so let's say now 1 thing is always 1 euro or is that every day anderst

Would be really nice if someone who has done this many times would give us a detailed explanation and also with wallet and casino that is serious

I'm also no expert but usually cryptocurrencies like Bitcoin have a strongly fluctuating course .
But there are also cryptocurrencies with a fixed rate .
For example, one USDC is always worth 1 US dollar .
The common cryptocurrencies such as Bitcoin, Etherum etc. fluctuate but strongly in their course to the US dollar umd euro .

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RebellYell
Top Member

Consequences after July 1, 2021

18th May. 2021, at 06:42 pm CEST#35
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These were listed with the means of payment that you want to "monitor".

Since this law includes 135 pages, I'm not looking out now. Google yourself times, so pretty much in the middle are these paragraphs to find

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Falko
Icon

Consequences after July 1, 2021

18th May. 2021, at 06:57 pm CEST#36
1 Like

Liked this post: Avatar von NoSkill_NoKill NoSkill_NoKill
In any case, the more deterrent the playing, the less will then still gamble and that in turn leads to the slots then become even stingier. Even if less means of payment should be available, that leads again to huge drops in sales + this unattractive game tax because I'm really curious whether the gaming experience then leaves more to be desired.

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Anonym

Consequences after July 1, 2021

18th May. 2021, at 07:33 pm CEST#37
1 Like

Liked this post: Avatar von garfield68 garfield68
evopower140 wrote on 18.05.2021 at 18:25: Is so a crypto always worth the same so let's say now 1 thing is always 1 euro or is that every day anderst

Would be really nice if someone who has done this many times would give us a detailed explanation and also with wallet and casino that is serious

The most common "crypros" in the casino's are currently Bitcoin, Etherum and Litecoin - all 3 are subject to daily price fluctuations and are accordingly sometimes more, sometimes less worth
However, there are also casinos that accept other "coins"

I personally hold currently and also for many years, ca.10 different "Coins", for playing I use but actually exclusively Eth and Litecoin

To buy there are now some reputable providers such as Binance, Bitpanda, eToro or B**** an official site of the Stuttgart Stock Exchange
Accordingly, you hardly have to worry about dubious providers these days - the selection of reputable ones is large enough

One mistake you should not make, however, is to Deposit directly from these platforms in the casinos - this is not welcomed or is even partly prohibited

This is where the "crypto wallets" come into play - there are also different providers and different solutions. From hardware wallets to mobile wallets

So you buy the "coins" on your favorite platform and then transfer them to your respective wallet (you need different wallets for different coins) and from there you pay in the respective casino

The whole thing is not very different from using an e-wallet: buy, transfer, deposit in the casino

Currently, I can say from personal experience that among others BitStarz and Gamdom are absolutely reputable casino's or I put it differently, I never had any problems there (of course I can not put my hand in the fire for each individual, this is just my personal experience that I give back here)
I also had no problems with Stake, but I use the least of the three mentioned
But there are also other providers, partly also other well-known casino's add crypto payments little by little

That was now once, in very simple words, the short form

This post has been translated automatically

XxxGamerXxx
Amateur

Consequences after July 1, 2021

18th May. 2021, at 07:37 pm CEST#38
1 Like

Liked this post: Avatar von NoSkill_NoKill NoSkill_NoKill
Matthlign wrote on 18.05.2021 at 19:33
The most common "crypros" in casino's are currently Bitcoin, Etherum and Litecoin - all 3 are subject to daily price fluctuations and are accordingly worth sometimes more, sometimes less
However, there are also casinos that accept other "coins"

I personally hold currently and also for many years, ca.10 different "Coins", for playing I use but actually exclusively Eth and Litecoin

To buy there are now some reputable providers such as Binance, Bitpanda, eToro or B**** an official site of the Stuttgart Stock Exchange
Accordingly, you hardly have to worry about dubious providers these days - the selection of reputable ones is large enough

One mistake you should not make, however, is to Deposit directly from these platforms in the casinos - this is not welcomed or is even partly prohibited

This is where the "crypto wallets" come into play - there are also different providers and different solutions. From hardware wallets to mobile wallets

So you buy the "coins" on your favorite platform and then transfer them to your respective wallet (you need different wallets for different coins) and from there you pay in the respective casino

The whole thing is not very different from using an e-wallet: buy, transfer, deposit in the casino

Currently, I can say from personal experience that among others BitStarz and Gamdom are absolutely reputable casino's or I put it differently, I never had any problems there (of course I can not put my hand in the fire for each individual, this is just my personal experience that I give back here)
I also had no problems with Stake, but I use the least of the three mentioned
But there are also other providers, partly also other well-known casino's add crypto payments little by little

That was now once, in very simple words, the short form.

but what happens when you have a big win? How can you then withdraw your coins in real money without the banks get wind of it?

This post has been translated automatically

cans420

Consequences after July 1, 2021

18th May. 2021, at 07:46 pm CEST#39
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DerJaeger2019 wrote on 18.05.2021 at 17:03
Maximum bet in gambling houses is 2 euro, so double than online

Ne just not. In the gambling houses the "booking" of money to points is the actual game. The max bet is 20ct every 5 sec. The 2 euro bet you play is not real money but just points that you, if you want to pay out money, must transfer back into euros. And since the Max. Win is limited to 2Euro, the machine books 2 Euro every 5 sec
Officially autostart is forbidden in the game since TR5. Therefore, you now have to book manually via a button instead of the machine as before "in autostart" the money for you.
Merkur and co. always find a solution to regulations by interpreting the law differently and dutifully pay their taxes and put a lot of money into lobbying.

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Anonym

Consequences after July 1, 2021

18th May. 2021, at 07:51 pm CEST#40
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XxxGamerXxx wrote on 05/18/2021 at 19:37
but what about when you have a big win? How can you then withdraw your coins in real money without the banks get wind of it?

The way of withdrawal is as follows - the casino pays you in "crypto" (at Gamdom e.g. you can choose in which coin you want to be paid, regardless with which you deposited) - the respective "coin" is then paid out to your wallet

From your "private" wallet, you then pay into your wallet at the respective Provider, e.g. Bitpanda
Then you sell / exchange your "Coins" in "Fiat" so real money and can withdraw this
Since you have the possibility to Deposit via Skrill and Neteller at e.g. Bitpanda, you can of course also withdraw to your e-wallet without going through a bank

Accordingly, yes, it is possible to use the whole thing without banks

I've been doing this for many years now, bought my first crypto very early on - it may look complicated at first glance but it's really not anymore

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garfield68
Elite

Consequences after July 1, 2021

18th May. 2021, at 07:51 pm CEST#41
0 Likes

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Matthlign wrote on 18.05.2021 at 19:33
The most common "crypros" in casino's are currently Bitcoin, Etherum and Litecoin - all 3 are subject to daily price fluctuations and are accordingly worth sometimes more, sometimes less
However, there are also casinos that accept other "coins"

I personally hold currently and also for many years, ca.10 different "Coins", for playing I use but actually exclusively Eth and Litecoin

To buy there are now some reputable providers such as Binance, Bitpanda, eToro or B**** an official site of the Stuttgart Stock Exchange
Accordingly, you hardly have to worry about dubious providers these days - the selection of reputable ones is large enough

One mistake you should not make, however, is to Deposit directly from these platforms in the casinos - this is not welcomed or is even partly prohibited

This is where the "crypto wallets" come into play - there are also different providers and different solutions. From hardware wallets to mobile wallets

So you buy the "coins" on your favorite platform and then transfer them to your respective wallet (you need different wallets for different coins) and from there you pay in the respective casino

The whole thing is not very different from using an e-wallet: buy, transfer, deposit in the casino

Currently, I can say from personal experience that among others BitStarz and Gamdom are absolutely reputable casino's or I put it differently, I never had any problems there (of course I can not put my hand in the fire for each individual, this is just my personal experience that I give back here)
I also had no problems with Stake, but I use the least of the three mentioned
But there are also other providers, partly also other well-known casino's add crypto payments little by little

That was now once, in very simple words, the short form.

very interesting, thanks for the small introduction. do you get with these "crypto wallets" then also such a card (as with Skrill and neteller) with which you can then withdraw his money at the ATM? or how does that work? I mean how do I get my money without it runs through the bank?

This post has been translated automatically

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