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Stake Crypto Casino win and payout
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I've been lucky there the last few days and now have a good 6-figure sum on my crypto exchange account.
What does it look like now? Do I have any possibility to withdraw the money e.g. to my bank account without consequences? Not licensed because of Stake. Then there are crypto taxes.
I had already considered sending it from my exchange to Coinbase and then to my bank account with the agreement of my advisor. But I probably have to report this to the tax office. But I don't just have to tell them the amount, but also the wins or the funds I used to buy crypto.
Does anyone have any experience with this without having to deal with the authorities directly?
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Stake Crypto Casino win and payout
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roccoammo11
If I were in Germany and had such a problem, I would send the money to Coinbase bit by bit and withdraw the 900 a day with the Coinbase credit card and also top up my Skrill account via the Coinbase credit card and then use the limit of the Skrill credit card every day
Coinbase credit card costs no fees when withdrawing and topping up Skrill with the Coinbase card does cost a little but it's better than topping up the account
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Stake Crypto Casino win and payout
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This is certainly the easiest and safest method. In general, you can use credit cards that accept crypto depositors.
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Stake Crypto Casino win and payout
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more than 200k?
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Stake Crypto Casino win and payout
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You don't HAVE to report anything to the tax office. This has already been explained several times here.
Procedure:
From stake to an external wallet.
From the wallet to an exchange and then sell there.
From the exchange to the account or withdraw with the card.
Done.
If you don't have a stable coin, send it to the exchange in a short period of time and exchange it for USDT, for example, and then back to your wallet. If you want to take your time when paying out. USDT is pegged to the dollar and therefore very stable in value. If you want to pull this over a few months, you will lose the least money or actually almost nothing.
With other cryptos, it could happen that from one day to the next the value falls so massively that you can't even get a slice of bread from it in the end.
For further details and tips, please send me a PN
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Stake Crypto Casino win and payout
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I wouldn't send anything to the account at all, as questions will inevitably arise if there are large amounts coming in. I wouldn't even send legal crypto profits to the account, as you can send information to the tax office about the wins through the exchange rate even without the bank account
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Stake Crypto Casino win and payout
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moralischverwerflich
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Stake Crypto Casino win and payout
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Paying out to the account is not a problem, of course not several K at once. Spread it out a bit in terms of time, then no questions will arise. I've been doing this for almost 3 years without any problems.
In addition, there are countless providers who offer free accounts, so you can spread it out and secure a larger amount within a short time without worrying.
Then there are e-wallets with cards and you can increase this even further with cash withdrawals....
There are so many possibilities, you just have to do something... Sure, there are fees everywhere when withdrawing cash, but it's better to lose a few euros and have the money safe.
I can't remember the last time I withdrew cash from my normal account, all via e-wallets.
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Stake Crypto Casino win and payout
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I would be interested to know how many € in fees there are per 1000€. How much would have to be credited to the card to get €1000 in cash? Is that 20-30€?
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Stake Crypto Casino win and payout
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Yes, pretty much to the point.
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Stake Crypto Casino win and payout
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Thanks for the answer. It's quite a chunk, I think.
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Stake Crypto Casino win and payout
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But you also have to say it varies a lot from Provider to provider and more importantly from which bank you withdraw the money Sparkasse e.g. I think for 1k takes the 10-20 € + always and in any case 4 € (the 10-20 were a few years ago no idea how it is now)
Coinbase, for example, I pay a good €0 in fees for withdrawals
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Stake Crypto Casino win and payout
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These 4€ are then per withdrawal, right?
I also read on reddit that Coinbase will not hesitate to ban your account if they detect such movements.
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Stake Crypto Casino win and payout
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Yes, the €4 is per withdrawal no matter how many euros you withdraw, even if it's only €10 at the Sparkasse
Well, what are such movements? BC Games, for example, also has an option on the site to just store the cryptos and earn interest on them, so you don't have to play them, so you wouldn't be doing anything illegal, so they couldn't ban you just for sending and receiving them
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Stake Crypto Casino win and payout
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Yes, then only the maximum withdrawal amount is worthwhile. I've read that it's always around €900, even if it's not, you can only withdraw a maximum of €1000 per day from the machines.
I have translated an answer so that you understand what I mean:
Coinbase's terms and conditions explicitly state that you may not use the service for online gambling.
You can probably get away with it a few times, but at some point Coinbase can and will suspend your account if you violate the terms. This has happened countless times to users on this subreddit.
The same goes for Kraken, Gemini, FTX, Crypto, Binance US and many other regulated crypto exchanges.
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