So here in Austria it's not so easy with crypto, it's expensive, but at least it's a way not to lose everything, on top of that this casino pays out on crypto at all ?
Example: 10000€ win goes to my crypto account, then the tax hammer hits when converting to € with merciless 27.5% capital gains tax, in this case 7250€ would remain, at least something that can then be officially and safely transferred to the bank account. I don't know what it looks like in Germany.
Pay out win of 20k to bank account
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Does the money even reach the account so that it can be withdrawn or is the money withheld by the bank or sent back to the casino?
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Pay out win of 20k to bank account
Nobody has liked this post so far
So here in Austria it's not so easy with crypto, it's expensive, but at least it's a way not to lose everything, on top of that this casino pays out on crypto at all ?
Example: 10000€ win goes to my crypto account, then the tax hammer hits when converting to € with merciless 27.5% capital gains tax, in this case 7250€ would remain, at least something that can then be officially and safely transferred to the bank account. I don't know what it looks like in Germany.
Ciao Sigi
This post has been translated automatically