why didnt you use crypto to deposit and withdraw ? now when you used Bank account its like telling your government look at me im gambling in a foreign website .
you will be lucky if you dont get in more trouble for example tax evasion or if gambling is not legal in your state/city
also its your problemnotStake Naive guy
That's exactly the question that I was asking and all he replied is with some strange screenshots.
Crypto makes it so easy to use for online casinos and sportsbooks and still people use fiat at sites that clearly are not made for it and only use it to attract more players. Sure it should work better but when I am thinking crypto I have special casinos in mind. When I think fiat on the other hand I have a totally different bunch of sites to come to mind first.
Also for reasons you mentioned like tax and so on using fiat just makes things more complicated.
First of all, thanks for your perspective, but it's essential to address some misconceptions here. The issue isn’t about the payment method—whether it’s crypto or fiat—it’s about the misleading and unethical practices employed by platforms like Stake.
Stake, and similar sites, operate in a gray area, exploiting loopholes and disregarding regulations, especially in jurisdictions where gambling is illegal. The use of crypto doesn’t magically make these practices legal or ethical; it’s just a way to sidestep regulations.
As for using fiat, it's not about being naive—it's about a business openly accepting these payments and failing to disclose the risks to their customers. Stake has been actively promoting fiat deposits through influencers, making it look like a perfectly normal and legal method, and they even set up intermediaries like Nyraa to process payments. This is a deliberate effort to mislead players, not some accidental misunderstanding.
Regarding the comments about tax evasion or legal gambling, the burden isn’t solely on the customer. Stake and other platforms have a responsibility to operate transparently and within the legal frameworks of the regions they target. If they’re going to promote and accept fiat, then they should be upfront about the potential risks involved rather than luring people in with false assurances.
Let's not shift the blame entirely on players for trusting what appears to be legitimate operations. The real problem lies with these companies’ deceptive marketing and operational tactics that are meant to attract a broader audience, regardless of the legal implications.
