Online Casinos in general: Consequences after July 1, 2021 (Page 63)
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Consequences after July 1, 2021
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Well. Is a matter of taste. But in my opinion Stake has by far the best VIP program.
Of course, you have to earn the VIP status first. But the status remains. And as long as they don't fundamentally change their offer, this means for me a weekly ten and a monthly fuffi completely free of turnover conditions (based on my current VIP level).
I don't know of any other site (besides PrimeDice, the mother of Stake) where I can get a personal VIP host with whom I can chat casually on Telegram. And besides the many other promotions I get goodies like birthday money or several hundred dollars reward for climbing the VIP level.
So the total offer of goodies is outstanding compared to all the others. Even if some of them may grant a higher percentage of rakeback. But to benefit from this you have to generate good revenue.
And you are right. Definitely, pretty much all reputable crypto casinos are worlds more generous than this FIAT trash. Even with a Curacao license. Which is quite happy to be mocked.
But I also play mainly with the DiceBot and write my own scripts to specify the gameplay. There I am without a doubt addicted to.
In this sense you can also ask me questions.
I have me still in another thread so bit discussion to pro-gambling delivered.
Since I've been dealing with crypto (and I'm not an early adopter but went in at the price of about 650 EUR) I have not become a millionaire, but have been able to accumulate good capital and played from Faucets to Forex to High-Yield a lot, gambled away and partly won.
I now casually keep a wallet as a savings book. And buy me monthly DOGE, Tron or similar coins for pure gambling.
Here and there a little slots. Gladly also times High Stakes. But mainly DiceBot. And through the VIP goodies is actually always ensured to have a little play money.
Since the recent regulations, I am largely cured of.
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Consequences after July 1, 2021
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Do you mean in terms of crypto?
Getting started may take some getting used to. You will have to learn a little bit. Acquire certain basics in dealing with crypto and exchanges. As well as the legal things.
At exchanges like AnyCoinDirect, Coinbase or Binance you will definitely have to verify yourself first to be able to exchange FIAT into crypto and vice versa. This is just increasing regulation to also be able to track money laundering, other illegal activities etc.
If you exchange from crypto back to FIAT, you will also have to consider tax issues.
Personally, I just put capital into it. I kind of have a savings account and have been able to make wins from trading. And on the side I gamble just for fun a little. If there are larger wins, I move them over to the savings account. I want to keep it for another 5 to 10 years and hope for a nice amount.
There is a currently legal holding period of 1 year to be able to save 25% tax on the sale. But then the crypto must not be moved in the meantime. And depending on whether you are staking coins, or otherwise draw revenue from them, different holding periods of more than 1 year may apply. You have to read through a little. Possibly ask your tax advisor.
I buy my coins with SEPA transfer or instant banking. They then end up in my wallet verified at the exchange and can then be transferred anywhere.
Crypto casinos are also starting to look at Verification as part of the regulations. But that's currently more of an add-on feature and not a must-have. Stake gives you 1-3% bonus on top of your earned VIP level for verified account. This is mainly because many people have multiple accounts and milk the promotions.
By the way, at sunmaker I was able to use the following trick:
I deposited with PSC and won.
I had the amount paid out to my Skrill account (already used and known there).
With Skrill, I set up a virtual Mastercard.
And with this card I bought my coins at AnycoinDirect via virtual credit card from the balance on my Skrill account.
So I mastered the trick from PSC to Skrill without having to debit my bank account first.
But there are also exchanges where private providers are led, who exchange you gift cards like PSC or Amazon etc. in crypto. But the fees may be higher. And you have to make sure if they offer their services in your country. Similar to PSC from Germany or Malta.
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Consequences after July 1, 2021
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When I want to buy crypto, do I pay fees?
When Deposit in casino, are there any fees?
Withdrawal fees?
Transfer from crypto wallet to bank account, fees?
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Consequences after July 1, 2021
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Klempo77
Sure. The exchange lives off the fees.
Then the coins end up in your wallet.
From there you transfer them elsewhere. For example, casino.
There are also fees for the transfer.
It depends on the coin. And the amount of the amount.
XRP, for example, is quite fixed and has acceptable fees.
The same for withdrawals from casino to wallet.
And ultimately wallet to bank account.
Yes. There are fees.
Yes, possibly even a bit more than you are used to from your bank.
The transaction fees are the reward, so to speak, for the miners who maintain the respective blockchain at considerable expense of expensive hardware, electricity costs, and time, and ensure the security of the blockchain.
Oh well. You should just weigh for yourself what you plan to use the blockchain afterwards.
I speculate mainly on high price increases and later, higher returns.
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Consequences after July 1, 2021
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Jaxax, 
Klempo77, 
palme7777
the tax is too much for the people and you recommend crypto casinos? the fees for the crypto purchase alone are higher than the taxes, then there are fees for sending, etc. and the best thing is that in the end you have to pay tax on your bitcoins or you can't use them for a year?
as if all this wasn't enough, today you Deposit 1000 euro bitcoins, tomorrow they can be worth only 500...... ... .
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Consequences after July 1, 2021
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I haven't made any recommendation. Just listed a few advantages. For example, VIP programs which are unrivaled compared to FIAT casinos.
Also being able to bet more than 1 EUR. And not having a 5 second choke between bets.
Also, the price rise in Bitcoin is asymmetric by design.... And when it picks up, others like Ethereum usually pick up strongly....
Mainly I am accumulating capital, with a holding period of several years. Similar to how others hold stocks or chase returns.
Just don't play it if it's not for you.
For people who push a ten PSC in and out, it is certainly nothing in view of the somewhat higher fees.
:)
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Consequences after July 1, 2021
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and there are also very good ``fiat'' casinos, with good loyalty program without 5 seconds throttle and without taxes, where you even get several times a week good bonus programs as a customer
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Consequences after July 1, 2021
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With me it looks like this:
I save a certain amount of money and buy BTC or ETH from it - I don't touch that. These are just my reserves that I build up like others hold shares or Deposit in the savings account. Or however they do some form of saving.
I can't complain. But I'm not one of those people who would be called a whale and would shake the market hard by holding or recommending coins. I don't force Affiliate links on people either. I've tried all kinds of things like that. Fell flat on my face. Got really lucky. I have strengthened my intentions. I have become more disciplined. Etc.
I'm not a pro-gambler either. At least not when it comes to slots. And I usually stake so also my 1 EUR bets. But I also like to bet higher. And gladly in the fast mode. And these 5-second-brakes make me totally crazy inside. Or when I'm prevented from simply increasing to 1.20 or 1.60 (doesn't have to be a 10 bet). I see myself simply limited in my freedoms. My mother can play Captains Treasure for 14 hours on 10 cents. And with me must be able to go simply times fast.
I can also turn it into an etreme continuous session from a weekend to a week. But it depends on whether I'm lucky or not and if I get my 5000x Multiplier, which gives me the necessary leeway to continue playing. Everybody knows that. Does not always run so.
What I play almost daily is my DiceBot. A dice game. With it I can place between 2 and 50 bets per second, depending on the page, and script the processes (LUA, Pyhthon, JavaScript). You can write really complicated shit. And gamble extremely high and far. Or empty your balance in 1 second (typo, swap comma with dot in numbers). And create wager incredibly fast.
I've been able to use it to generate most of my wager and secure VIP progress.
That's why I have my guaranteed well earned play money every week now. I sunk my tenner from last week, without turnover requirements, into Deadwood and got 170 EUR out of it.
I'll either burn that again. Or I transfer it to my savings account and leave it there.
So I don't care about fees for now because the money won't be taken out anyway.
So, basically: Whoever plays with Blockchain is primarily speculating. Those who add other hobbyhorses, such as playing the highest form of gambling High-Yield / Ponzi, or trading, or diving into the casino are just speculating on top of the actual speculation with something else.
Of course, the price can sometimes sink and reduce your just accumulated Crypto in value by half (if you follow FIAT, otherwise 1 BTC always remains 1 BTC).
I think it's really good to still have serious FIAT providers on the market who also have customer-friendly offers. I don't want to rub it in. But I know from the original crypto casinos that the high-rollers are the ones who fill the coffers. And now, because of *player protection*, they can't spread out everywhere and keep the stores running. I'm afraid that in the near future some other popular sites will follow suit and shut down their operations for cost reasons as well.
Of course, the dubious garbage stays away better. But well... I personally haven't registered and hung around there for a long time. But of course everyone handles it differently.
Everyone should handle it the way it meets his expectations and requirements. Especially since Blockchain needs some training and so on. But in terms of my personal gameplay and other intentions regarding capital accumulation, I'm simply better off with Crypto.
:-)
Finally, I would like to note, for gambling take best DOGE, Tron, RIPPE, STELLAR, Bitcoin CASH, etc.. The heavy hunks like BTC and ETH could bring much higher transaction fees. Which should then already eat up a 25 PSC. So that no one cries afterwards
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Consequences after July 1, 2021
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Many gambling sites in the crypto sector have chat rooms. And there the moderators or players also drop "Rain" from time to time.
That means they give away certain amounts of their balance to a certain amount of lucky catchers.
Once I was able to catch 0.25 ETH from a high-roller who won a sports bet on a German soccer club.
That was pretty decent.
And...
Suppose your coin is worth 100 USD today. And tomorrow it goes through the roof. Suddenly it would have an equivalent value of 200 USD.
Now you go to the slots. They convert Crypto into FIAT. And now you have twice the balance with the same coin to turn more rounds at the slot.
And if the rate drops. You just wait with the gambling.
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Consequences after July 1, 2021
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what is player protection, money must go abroad, casinos must be rich, these are the politicians, even eat makes fat
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