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Online Casinos in general: Your experience with Crypto Casinos (Page 8)

Topic created on 20th Aug. 2021 | Page: 8 of 24 | Answers: 236 | Views: 57,123
Bambi
Visitor

Your experience with Crypto Casinos

20th May. 2022, at 01:34 pm CEST#71
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Tekkfried wrote on 05/12/2022 at 23:25: Exchange - Bitpanda Pro
Casino - Rocketpot and all mentioned here.
Currency - TRX / XRP / XLM

Prefer - TRX

LTC ( Litecoin ) definitely takes too long 😄
Please do NOT buy the currencies on Coinbase or Bitpanda but the pro variant.
Deposits as transfers ( real time ).
If you have any questions please contact me 🤟

I have tried this once. Have thrown as a test first 100 euros on bitpanda pro and bought trx. Wanted to send it now as casino. But always get displayed...amount too high. No matter what amount I enter
Converted 95 euros are available. Wanted to send, did not work, amount too high. Minimum -3.20 is displayed.
So I reduced amount, same result.
Can you explain this to me?

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Krabbenburger
Experienced

Your experience with Crypto Casinos

20th May. 2022, at 04:15 pm CEST#72
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Bambi wrote on 20.05.2022 at 13:34
I tried this once. Threw 100 euros on bitpanda pro as a test first and bought trx. Now wanted to send it as casino. But always get displayed...amount too high. No matter what amount I enter
Converted 95 euros are available. Wanted to send, did not work, amount too high. Minimum -3.20 is displayed.
So I reduced amount, same result.
Can you explain this to me?

Send your cryptocurrencies when you bought them on a crypto exchange like Bitpanda first to your own wallet outside the exchange .
There are 2 good reasons for this :
1. With almost all crypto exchanges gambling violates the terms and conditions and you always have the Risk that a crypto exchange like Bitpanda freezes your funds and terminates you .
Of course it can also go well and it is not noticed by the exchange but the risk is always there.

2. Insolvency risk of the crypto exchange .
If the crypto exchange goes bankrupt your crypto money goes into the bankruptcy estate and you lose it .
Therefore, always transfer to your private cryptowallets after the purchase .
Only then your crypto money really belongs to you .

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Bambi
Visitor

Your experience with Crypto Casinos

22nd May. 2022, at 01:21 pm CEST#73
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So that means I buy the currency from the crypto exchange XL. Send the purchased coins then to my private wallet and from there to the casino? Doesn't that eat up fees without end?

If I make a win, I pay out directly to my wallet?

Is the first time that I hear this way. I have only ever read about coinbase or bitpanda.

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Anonym

Your experience with Crypto Casinos

24th May. 2022, at 08:48 am CEST#74
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I was now also once lucky and could pay out about 8k to my wallet. How do I proceed now? I would like to have it on my bank account. I read more and more often that crypto exchanges now require proof of funds origin. I am registered with pitpanda and binance. Any recommendations?

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R3hab
Elite

Your experience with Crypto Casinos

24th May. 2022, at 10:17 pm CEST#75
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noway wrote on 24.05.2022 at 08:48: I was now also once lucky and could pay out about 8k to my wallet. How do I proceed now? I would like to have it in my bank account. I read more and more often that crypto exchanges now require proof of funds origin. I am registered with pitpanda and binance. Anyone have any recommendations?

Now that everything is crashing and prices are going down? I'm not an expert but isn't it better to wait until it stabilizes? What cryptocurrency do you have?

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Herr_D
Amateur

Your experience with Crypto Casinos

25th May. 2022, at 05:45 pm CEST#76
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noway wrote on 24.05.2022 at 08:48: I was now also once lucky and could pay out about 8k to my wallet. How do I proceed now? I would like to have it in my bank account. I read more and more often that crypto exchanges now require proof of funds origin. I am registered with pitpanda and binance. Anyone have any recommendations?

So as I know,if you sell your cryptocurrency that is on your wallet and then transfer the money to your bank account you are taxable,because you have not held the crypto for 1year.You have an annual allowance of 600Euro.Correct me if I'm wrong.

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Anonym

Your experience with Crypto Casinos

25th May. 2022, at 10:24 pm CEST#77
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Liked this post: Avatar von denyo123 denyo123
Mr_D wrote on 05/25/2022 at 5:45 pm
So as I know,if you sell your cryptocurrency that is on your wallet and then transfer the money to your bank account you are taxable,because you have not held the crypto for 1year.You have an annual allowance of 600Euro.Correct me if I am wrong.

You have to pay tax on the win you made speculating cryptos. So how is this going to be handled? My wallet was empty before. Am in the subject but also only loan.

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imsoql
Rookie

Your experience with Crypto Casinos

26th May. 2022, at 04:57 pm CEST#78
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Mr_D wrote on 05/25/2022 at 5:45 pm
So as I know,if you sell your cryptocurrency that is on your wallet and then transfer the money to your bank account you are taxable because you have not held the crypto for 1year.You have an annual allowance of 600Euro.Correct me if I am wrong.

but not crypto "wins"
it doesn't matter if you win euros, a car or bitcoins. counts as a win and is therefore tax free

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Ichbins2018
Top Member

Your experience with Crypto Casinos

26th May. 2022, at 05:47 pm CEST#79
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Mr_D is right!

600 Euro win with crypto is tax free
(So within the one year holding period).
Wins above that have to be taxed.
If you have held the crypto longer than one year, then the win is completely tax free.

And as for loss with crypto,

Losses are taxable within the one year holding period .
Outside the one year holding period, a loss cannot be offset.

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imsoql
Rookie

Your experience with Crypto Casinos

26th May. 2022, at 06:25 pm CEST#80
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Ichbins2018 wrote on 05/26/2022 at 5:47 pm: Mr_D is right!

600 Euro win with crypto is tax free
(So within the one year holding period).
Wins above that have to be taxed.
If you have held the crypto longer than one year, then the win is completely tax free.

And as for loss with crypto,

Losses are taxable within the one year holding period .
Outside the one year holding period, a loss cannot be offset.

this is nonsense.
the win refers to the fact that you buy bitcoins for 1000 euro and after 1 month the bitcoins are worth 1600. therefore tax free
at 1700 you would have to pay tax on everything.

if you play in a casino with your coins, it counts as gambling and therefore tax free

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