Post
Topic
Board Gambling discussion
Re: Why not just gamble with fiat?
by
ethereumhunter
on 12/03/2019, 12:45:23 UTC
Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check.  It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services.  Whats even the benefit of using crypto to gamblefor you guys?
A freind just won last week around 20 000 € with around 100 solts rolls Cheesy
And be corse the casion (https://www.eurocasino.com) is licensed in Europe his hole win is untaxed.
But he has to verify identy but all in all its safer to gamble with € or $ becourse crypto wins i have to pay tax when i tranfer it to fiat XD

regards

What the hell? That is a lot of money he won. If he lives in Europe and gambling is allowed, then I think it's no problem for him to verify the identity because he could get that money. But hey, you can transfer it by a small amount, so your government doesn't get suspicious with the money you withdraw. But if you withdraw big money, then their radar will make a beep, and you wake up your government to investigate where you got the money.