Is this considered a safe practice

[danadc]

Yes it is. It is possible to find a part of my profits but they are really too small to try to catch me. The tax service prefers to spend their time more efficient. And of course you can fill the form of all your profits and pay taxes yourself, but i don`t think that someone will check it

The fact is that if you submit an application to the tax inspectorate for yourself for any amount, the tax service will include such a person in its subsequent checks, because they will put the name on their lists. And I am sure that even if I withdraw really large sums, I will still think about whether I need to inform on myself to the tax service.
I risked this money and why should I give it to the state? So I pay taxes from my main job.

I don`t sure that it is real, but you`re right that it is better not to inform tax service that you get some additional profit. It decreases risks that they will remember you. The same time they can fine you if find it, but i`d prefer to be fined one time than pay every time.
About risk - it is a mistake. Your main job may be associated with risk but it doesn`t means that you can don`t pay taxes.

I am from a small town, and here the employees of the tax service are unlikely to be able to properly identify my income. I'm sure they've only heard about bitcoin on TV. Nevertheless, in the worst case, I will always be able to prove the origin of the tokens, because everything is fixed in the tables and the blockchain. But again, I will say that the employees of the tax service will not understand anything.
Perhaps more understanding should be expected from them in a big city, where they spotted several crypto millionaires.

On the other hand in small town it is easier to see who spend much money. In my country tax service employees count your income in fiat money. When you change your tokens to fiat - you get profit and have to pay taxes for it. And they don`t care about blockchain and new technologies.
I have several such employees in friends. They say that there are several clever men in main office and in regional offices they only get instructions what to do.

In general, I share your point of view - since two years ago there was information in the news of my city that a pensioner bought himself a two-room apartment with a single payment. After that, the tax service began to check him, and he could not prove the legality of these incomes. It turns out "it's easier to be noticed in a small pond." But I know that if you withdraw small amounts, you are unlikely to be noticed. The cost of that pensioner's apartment was about 30 thousand dollars. This is a really suspicious and large purchase. I don't understand why he didn't issue a loan and didn't stretch the payment. Thus not showing all the money.

I don't know how the tax process is in the USA, Europe, but there are always ways to evade taxes , for example I lived in a country where no taxes were paid because the same accountants did everything possible so that they could Evade them from legal way , so if it is done that way, why not there? Of course I'm talking about a third world country , but when people find ways to avoid these things without the governments being able to do something , it's very difficult for them to do anything because everything fits Together very well.

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[summonerrk]

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I think that in every country of the world, the main secret work of accountants is to look for loopholes in the laws in order not to pay taxes, hiding expenses, or splitting business into smaller ones for simplified taxation. Also, businesses are often registered with relatives or friends, so that it would be harder for the tax to trace all the connections. For example: this attitude is one of the reasons for the economic collapse in Turkey. People are too fond of negotiating rather than following the laws. They can be understood, but at the same time taxes are a source of oalata labor of teachers, doctors and law enforcement agencies.

[jostorres]

The reason someone chooses to gamble using crypto is because with this crypto we can maintain our anonymity.
The KYC requested by our casino is also not required to fill in KYC data. We can still choose web3 casinos that do not require KYC to be able to bet.

Web 3.0 casino is still asking your KYC, you can check on owl.games, AFAIK this is the most popular web 3.0 casino in this forum. Well even you've gamble on a no KYC casino, it doesn't mean your privacy is 100% protected because you're still access the site using your real internet connection, this mean the site already know your IP address. Using VPN will not help 100%, there's no casino run in Tor network.

I think there's no casino is built for privacy.

What is the use of a web3 or decentralized casino if it asks for KYC from users? Decentralized gambling platforms usually don't have licenses and since they don't have licenses and aren't officially registered with authorities, they don't ask for KYC because it is the authorities that make casinos ask for KYC from users so that no one is involved in money laundering or other illegal activities.

I don't find anything special about a platform that preaches decentralization and still asks for KYC from it's users, in that case, it is better to use a reputable centralized exchange like Stake that probably have more games and gambling options.

[Doan9269]

In general, I share your point of view - since two years ago there was information in the news of my city that a pensioner bought himself a two-room apartment with a single payment. After that, the tax service began to check him, and he could not prove the legality of these incomes. It turns out "it's easier to be noticed in a small pond." But I know that if you withdraw small amounts, you are unlikely to be noticed. The cost of that pensioner's apartment was about 30 thousand dollars. This is a really suspicious and large purchase. I don't understand why he didn't issue a loan and didn't stretch the payment. Thus not showing all the money.

I try to be a standard man. I take out loans, even if i can buy thing without it. I try to get cash where it is possible and use it when it possible, etc. And i try to use all my credit cards for common operations. I don`t sure that it works, probably i just too small fish for them. But they still don`t ask me any questions, so i believe that it`s work.

It's happens that you will discover that the banks are prompt when it comes to investigating on your legitimate acquisitions performed through the use of your card than when it was hacked and you loose control over it, all issues related to KYC and AML will be thoroughly checked and scrutinize on you as well as inviting you to their station for further Intelligence interrogations, but as you've all said, we should know when to use our card to when our cash should be more preferred in other to safe the stress of being embarrassed.

[Fivestar4everMVP]

In general, I share your point of view - since two years ago there was information in the news of my city that a pensioner bought himself a two-room apartment with a single payment. After that, the tax service began to check him, and he could not prove the legality of these incomes. It turns out "it's easier to be noticed in a small pond." But I know that if you withdraw small amounts, you are unlikely to be noticed. The cost of that pensioner's apartment was about 30 thousand dollars. This is a really suspicious and large purchase. I don't understand why he didn't issue a loan and didn't stretch the payment. Thus not showing all the money.

I try to be a standard man. I take out loans, even if i can buy thing without it. I try to get cash where it is possible and use it when it possible, etc. And i try to use all my credit cards for common operations. I don`t sure that it works, probably i just too small fish for them. But they still don`t ask me any questions, so i believe that it`s work.

It's happens that you will discover that the banks are prompt when it comes to investigating on your legitimate acquisitions performed through the use of your card than when it was hacked and you loose control over it, all issues related to KYC and AML will be thoroughly checked and scrutinize on you as well as inviting you to their station for further Intelligence interrogations, but as you've all said, we should know when to use our card to when our cash should be more preferred in other to safe the stress of being embarrassed.

You are very correct, not every transactions that requires to be done by card, just some transactions that might be considered illegal by the bank, or that is over the limit of the bank, or what the bank considers to be a limit to your account..

I've heard an experience before when my account got frozen by the bank and was invited for questioning, simply because I tried paying a huge sum of money for a purchase I did online through my card, they invited me to question me on how I got such money, meanwhile, when I received the money Into my account, they didn't make any attempt of contacting me.

[coin-investor]

You are very correct, not every transactions that requires to be done by card, just some transactions that might be considered illegal by the bank, or that is over the limit of the bank, or what the bank considers to be a limit to your account..

When you are a cardholder you should be educated on how and where to use it, you could be in debt if you are not responsible, I have friends who spent more than he can pay because he is always tempted to buy what he can afford to loan, a credit card is a big temptation for spenders.
So if you do not know how to control yourself better by not using a card and sticking to cash, there are transactions where you don't need cards and the most important is to monitor your spending, especially in casinos, as you will be tempted to deposit more than you can especially if you are in chasing your losses mode.

[maydna]

You are very correct, not every transactions that requires to be done by card, just some transactions that might be considered illegal by the bank, or that is over the limit of the bank, or what the bank considers to be a limit to your account..

When you are a cardholder you should be educated on how and where to use it, you could be in debt if you are not responsible, I have friends who spent more than he can pay because he is always tempted to buy what he can afford to loan, a credit card is a big temptation for spenders.
So if you do not know how to control yourself better by not using a card and sticking to cash, there are transactions where you don't need cards and the most important is to monitor your spending, especially in casinos, as you will be tempted to deposit more than you can especially if you are in chasing your losses mode.

It's better not to use a debit or credit card for anything because it can make us always tempted to use it. It's always better to use cash to pay, and if we don't have it in our wallet, we can first take it at the nearest ATM. So we can protect credit cards and debit cards from bad things that can happen. And it would not be advisable to use credit and debit cards to connect to online sites, let alone casino sites, because we can easily be tempted to continue gambling even if we spend a lot of money.

[Webetcoins]

The reason someone chooses to gamble using crypto is because with this crypto we can maintain our anonymity.
The KYC requested by our casino is also not required to fill in KYC data. We can still choose web3 casinos that do not require KYC to be able to bet.

Web 3.0 casino is still asking your KYC, you can check on owl.games, AFAIK this is the most popular web 3.0 casino in this forum. Well even you've gamble on a no KYC casino, it doesn't mean your privacy is 100% protected because you're still access the site using your real internet connection, this mean the site already know your IP address. Using VPN will not help 100%, there's no casino run in Tor network.

I think there's no casino is built for privacy.

You are right about Web 3.0 and Owl games but I think I won't agree with you when you say that no casino is private 100 percent. For what is the purpose of being decentralized then? And so what if the site knows our IP?

I think they can't get much details on it. They won't find out your real name or the exact address of your house only by just a single IP. If you are too conscious, there is also a VPN that you can use. VPN really works mate, I've been using it for a long time already. There are websites that I know who has a support for Tor. If it's possible then why not for a casino? It's not only popular though but if we can dig deeper, we can surely find a few.

[Fortify]

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

It really feels like you've mixed up two completely different things and don't fully understand what your friend was talking about. Casinos have welcome bonuses, they have been doing that for decades now and it's nothing new. They only take money that you've agreed for them to take and have zero reason to do a credit search, because they are not giving you credit - you pay these sites up front. In fact using credit cards on gambling sites is now banned in many countries because people spend but cannot afford to pay the credit card companies back (the casino have their money secured). Then there are also credit card welcome offers because they try to attract new customers, but that is nothing to do with gambling.

[Desmong]

You are very correct, not every transactions that requires to be done by card, just some transactions that might be considered illegal by the bank, or that is over the limit of the bank, or what the bank considers to be a limit to your account..

When you are a cardholder you should be educated on how and where to use it, you could be in debt if you are not responsible, I have friends who spent more than he can pay because he is always tempted to buy what he can afford to loan, a credit card is a big temptation for spenders.
So if you do not know how to control yourself better by not using a card and sticking to cash, there are transactions where you don't need cards and the most important is to monitor your spending, especially in casinos, as you will be tempted to deposit more than you can especially if you are in chasing your losses mode.

It's better not to use a debit or credit card for anything because it can make us always tempted to use it. It's always better to use cash to pay, and if we don't have it in our wallet, we can first take it at the nearest ATM. So we can protect credit cards and debit cards from bad things that can happen. And it would not be advisable to use credit and debit cards to connect to online sites, let alone casino sites, because we can easily be tempted to continue gambling even if we spend a lot of money.

debit card could lead to plenty problem we might not able to resolve since the there are some issues that is attached to debit card uses. Those who are using card to fund there online account can be doing that is some. Level of risk attached to it and if we use our debit card on scam casinos, we might end up losing our money without getting it back.

[Ebede]

You are very correct, not every transactions that requires to be done by card, just some transactions that might be considered illegal by the bank, or that is over the limit of the bank, or what the bank considers to be a limit to your account..

When you are a cardholder you should be educated on how and where to use it, you could be in debt if you are not responsible, I have friends who spent more than he can pay because he is always tempted to buy what he can afford to loan, a credit card is a big temptation for spenders.
So if you do not know how to control yourself better by not using a card and sticking to cash, there are transactions where you don't need cards and the most important is to monitor your spending, especially in casinos, as you will be tempted to deposit more than you can especially if you are in chasing your losses mode.

It's better not to use a debit or credit card for anything because it can make us always tempted to use it. It's always better to use cash to pay, and if we don't have it in our wallet, we can first take it at the nearest ATM. So we can protect credit cards and debit cards from bad things that can happen. And it would not be advisable to use credit and debit cards to connect to online sites, let alone casino sites, because we can easily be tempted to continue gambling even if we spend a lot of money.

debit card could lead to plenty problem we might not able to resolve since the there are some issues that is attached to debit card uses. Those who are using card to fund there online account can be doing that is some. Level of risk attached to it and if we use our debit card on scam casinos, we might end up losing our money without getting it back.

I want to ask you what is the perfect thing to use for crediting an account instead of using a card to credit account many people will do things based on the way they understand it and the way they know it so if you have any means that they can use to fund the account or credit to the account you can educate them with your own opinion that is why we are here we are here to learn from each other and nothing that we don't know from each other

[mak013]

In general, I share your point of view - since two years ago there was information in the news of my city that a pensioner bought himself a two-room apartment with a single payment. After that, the tax service began to check him, and he could not prove the legality of these incomes. It turns out "it's easier to be noticed in a small pond." But I know that if you withdraw small amounts, you are unlikely to be noticed. The cost of that pensioner's apartment was about 30 thousand dollars. This is a really suspicious and large purchase. I don't understand why he didn't issue a loan and didn't stretch the payment. Thus not showing all the money.

I try to be a standard man. I take out loans, even if i can buy thing without it. I try to get cash where it is possible and use it when it possible, etc. And i try to use all my credit cards for common operations. I don`t sure that it works, probably i just too small fish for them. But they still don`t ask me any questions, so i believe that it`s work.

It's happens that you will discover that the banks are prompt when it comes to investigating on your legitimate acquisitions performed through the use of your card than when it was hacked and you loose control over it, all issues related to KYC and AML will be thoroughly checked and scrutinize on you as well as inviting you to their station for further Intelligence interrogations, but as you've all said, we should know when to use our card to when our cash should be more preferred in other to safe the stress of being embarrassed.

I have to use credit cards. I can`t make big purchases with the cash. And if i use credit cards only for such purchases - the banks can have some questions about my income. I think that the behavior differs in different countries and everybody must has his own strategy when he can use cash and when he has to use credit cards.

[AicecreaME]

It's a matter of choosing between an enticing promotional offer and your personal information security. If I were in your shoes, I wouldn't trade my peace of mind over something that I can eventually earn and deposit later on. This is because the moment you enter your card details and you deposit using it, your card will now have a trace history of gambling website in which the government and your bank can monitor. Additionally, your fund security could be put into risk too. For instance, if you want to deposit and something went wrong into the system, you were debited on your end but isn't on the casino's end. This will be such a hassle and will give you a lot of headache especially if the customer service representative on both sides will just push you sideways, pointing fingers on whoever is at fault.

[swogerino]

In general, I share your point of view - since two years ago there was information in the news of my city that a pensioner bought himself a two-room apartment with a single payment. After that, the tax service began to check him, and he could not prove the legality of these incomes. It turns out "it's easier to be noticed in a small pond." But I know that if you withdraw small amounts, you are unlikely to be noticed. The cost of that pensioner's apartment was about 30 thousand dollars. This is a really suspicious and large purchase. I don't understand why he didn't issue a loan and didn't stretch the payment. Thus not showing all the money.

I try to be a standard man. I take out loans, even if i can buy thing without it. I try to get cash where it is possible and use it when it possible, etc. And i try to use all my credit cards for common operations. I don`t sure that it works, probably i just too small fish for them. But they still don`t ask me any questions, so i believe that it`s work.

It's happens that you will discover that the banks are prompt when it comes to investigating on your legitimate acquisitions performed through the use of your card than when it was hacked and you loose control over it, all issues related to KYC and AML will be thoroughly checked and scrutinize on you as well as inviting you to their station for further Intelligence interrogations, but as you've all said, we should know when to use our card to when our cash should be more preferred in other to safe the stress of being embarrassed.

I have to use credit cards. I can`t make big purchases with the cash. And if i use credit cards only for such purchases - the banks can have some questions about my income. I think that the behavior differs in different countries and everybody must has his own strategy when he can use cash and when he has to use credit cards.

There is nothing wrong in using credit cards except that your wife will know together with your bank what are you doing and what are you spending money for.There is no risk of theft if you play in reputable casinos as the credit card industry is using security compliance at the highest level of PCI-DSS which every merchant must implement in their website,even casinos to have peace of mind.As long as you don't care using your credit cards and you also don't care what your bank thinks about it (and in fact what do they care) you can use it.

We use cryptocurrencies because of ease of use for us crypto gamblers and also because of pseudo-anonymity.

[carlisle1]

It's a matter of choosing between an enticing promotional offer and your personal information security. If I were in your shoes, I wouldn't trade my peace of mind over something that I can eventually earn and deposit later on. This is because the moment you enter your card details and you deposit using it, your card will now have a trace history of gambling website in which the government and your bank can monitor. Additionally, your fund security could be put into risk too. For instance, if you want to deposit and something went wrong into the system, you were debited on your end but isn't on the casino's end. This will be such a hassle and will give you a lot of headache especially if the customer service representative on both sides will just push you sideways, pointing fingers on whoever is at fault.

And it's real. There are instances that you'll feel that you are like a ping-pong where both sides will point-finger and will not
accept the mistakes that being done.

Better to keep your private security and play with your spare money if you really love to play gamble, your spare money that you can easily let go
with the sole purpose of entertaining yourself.

Keep in mind that the aftereffect of failed decisions will keep bothering you, especially if it's all about your savings.

[sunsilk]

It's a matter of choosing between an enticing promotional offer and your personal information security. If I were in your shoes, I wouldn't trade my peace of mind over something that I can eventually earn and deposit later on. This is because the moment you enter your card details and you deposit using it, your card will now have a trace history of gambling website in which the government and your bank can monitor. Additionally, your fund security could be put into risk too. For instance, if you want to deposit and something went wrong into the system, you were debited on your end but isn't on the casino's end. This will be such a hassle and will give you a lot of headache especially if the customer service representative on both sides will just push you sideways, pointing fingers on whoever is at fault.

You'll never know that even our emails have been used and passed on other entities and companies and that's why we receive random emails and marketing from unknown email addresses and companies.

How much more with these vital information that we have such as credit card information. I'll never put it that way although I'm not a fan of credit card but I have seen people have been struggling with these issues when they're too reckless to input their details almost everywhere.

[summonerrk]

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I have to use credit cards. I can`t make big purchases with the cash. And if i use credit cards only for such purchases - the banks can have some questions about my income. I think that the behavior differs in different countries and everybody must has his own strategy when he can use cash and when he has to use credit cards.

That's right, the tax authorities can easily track any movement of funds on any person's card. But since it is difficult to replenish the deposit of crypto gambling services by fiat, you can always resort to replenishment with anonymous cryptocurrencies, or just bitcoin. The tax service will not track this action in any way, and this is one of the greatest advantages of crypto gambling platforms, as well as, for example, open source code, which gives full confidence in the honesty of the casino platform.

[Unbunplease]

That's right, the tax authorities can easily track any movement of funds on any person's card. But since it is difficult to replenish the deposit of crypto gambling services by fiat, you can always resort to replenishment with anonymous cryptocurrencies, or just bitcoin. The tax service will not track this action in any way, and this is one of the greatest advantages of crypto gambling platforms, as well as, for example, open source code, which gives full confidence in the honesty of the casino platform.

The most problematic place is the withdrawal of funds. Many people withdraw their money to a bank card, but this is big mistake. Now both expenses and income are tracked. And if you can't explain the origin of the funds, it can cause big problems.

[Doan9269]

[I want to ask you what is the perfect thing to use for crediting an account instead of using a card to credit account many people will do things based on the way they understand it and the way they know it so if you have any means that they can use to fund the account or credit to the account you can educate them with your own opinion that is why we are here we are here to learn from each other and nothing that we don't know from each other

There are means you can engage to make payment without the use of your card or to perform any form of transaction without the use of the same card, you can make withdrawals or have cash with you then go to the banks to deposit the fund to the required destination, also things have been made more easier for us with the use of bitcoin in cryptocurrency through a p2p digital network, your privacy can be secured and you will be protected, the issue of the disagreement with the use of yiur card is not to make a mistake by giving your sensitive information about the card to a third party at the course.

[komisariatku]

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

I won't do it. It's not that I don't believe in casinos, I always register at trusted casinos, but I don't trust myself to be able to control credit card use. If I spend my credit card limit playing gambling, and don't withdraw any money at all, then that's a disaster.

So it's not about the bonuses they give. But about financial control. The casino gives you this bonus because if you use a credit card, you will use more money to play gambling. Especially if you have a high limit on your credit card

Would you dare do such to earn more money?

I think it's wrong if you expect income from the casino. Casino that will get a lot of money if you play there. It's not about work, but about games, about hockey. You also know that playing in a casino will have more chances of losing than winning, you also know how many lose and so few win.

Let's think logically, gambling is just a game, don't become a gambling addict. a lot of people are broke here, and no one has made a fortune out of gambling, except for the casino owners themselves