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Online Casinos in general: Stake win crypto casino

Topic created on 08th Nov. 2021 | Page: 1 of 8 | Answers: 75 | Views: 21,033
xarcr
Hello all,

i have a question about crypto casino. Have made at the above site from a Deposit of 2000 coins within a few hours by luck 32000. Ausweiß etc was requested and made a sirious impression on me. The payout to my wallets, exchange etc was also very fast. Now I wanted to declare this win next year on my tax return. With cryptos etc I know myself well but not with crypto casinos and the German legal situation.

While browsing more closely through forums I have now noticed posts which claim the win is illegal ? or even just playing on this site is already illegal ? Is anyone here familiar with this casino? Have apparently a curacao license. Get there now but a bad feeling. Is there anyone here who has ever reported a crypto casino win to the tax office?

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BlackPanther
Amateur
You want to specify ne anonymous payment in a tax return? where is the sense there?!
And yes you will certainly get legal problems if you this casino which is unregulated, as a casino, what exactly for penalties that I can tell you ned!

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moralischverwerflich
Expert
Never in my life would I declare a win on my tax return...

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Danger
Amateur
xarcr wrote on 08/11/2021 at 23:09: Hello everyone,

i would have a question about crypto casino. Made 32000 from a Deposit of 2000 coins within a few hours by luck at the above site. Ausweiß etc was requested and made a sirious impression on me. The payout to my wallets, exchange etc was also very fast. Now I wanted to declare this win next year on my tax return. With cryptos etc I know myself well but not with crypto casinos and the German legal situation.

While browsing more closely through forums I have now noticed posts which claim the win is illegal ? or even just playing on this site is already illegal ? Is anyone here familiar with this casino? Have apparently a curacao license. Get there now but a bad feeling. Is there anyone here who has ever reported a crypto casino win to the tax office?

The win comes only when you sell the cryptocurrency. Before that you have no win. Therefore, I would indicate the sale of the currency itself possibly but nothing of casino mention. Or you leave the win 1 year as crypto, then it is completely tax free and sell after 1 year.

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xarcr
Thanks for the answers but I'm not really much smarter. Ok you would not specify anything but then the win is now forever fixed in the blockchain or? Whether now the 30000 or if the win in a year is tax free and maybe much higher. As soon as the money is to land on the account in euros is asked where it comes from. And with the tax return is asked yes also with higher sums also with crypto after the exact origin. So, for example, where did sum X go from this bank account into this coin?

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Das_Phantom
Rookie
I think if you pay out 3000-6000€ every month, no alarm bells will ring at the bank for the time being.

Otherwise - depending on the eWallet - withdraw the money in cash with the respective credit card and put it under your pillow...

Or simply pay out everything, report the transfer as a sports betting win and that's it

In theory, I think that works quite well... since the money comes from an eWallet, the origin is not "clear".

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WithoutWings
Expert
The bank has not even asked at 54000 also not at 27000 actually never so lean back

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moralischverwerflich
Expert
WithoutWings wrote on 10.11.2021 at 19:49: The bank has not even asked at 54000 also not at 27000 actually never so lean back

With me just as little, and with me has already received 6 digits in the last 3 months. No sound from the bank

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Jakim
Rookie

Since when does Stake want documentation when making a payout ?

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mdm41
Rookie
Jakim wrote on 11/11/2021 at 13:08
Since when does Stake want documentation when making a withdrawal ?

Would be interested in this as well. Have paid out three to low four digit amounts there before and the money was always transferred immediately without any kind of verification.

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