Topic: Is this considered a safe practice - page 3. (Read 1527 times)

Quote from: summonerrk on May 31, 2023, 12:07:55 PM

Quote

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.

mak013

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Quote from: summonerrk on June 04, 2023, 10:21:44 AM

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.

summonerrk

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Quote from: mak013 on June 02, 2023, 06:04:29 AM

Quote from: summonerrk on June 01, 2023, 01:51:32 PM

Quote from: summonerrk on May 31, 2023, 12:07:55 PM

Quote

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.

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Quote from: klidex on June 02, 2023, 03:58:07 PM

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.

maydna

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Quote from: klidex on June 02, 2023, 03:58:07 PM

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.

We are really lucky to know crypto because we can maintain our anonymity so we can play gambling without having to fill out KYC. And even though some casinos ask users to do KYC, we can search and get other casinos that don't require KYC. And I agree with those who say you can choose a web3 casino that doesn't require KYC or any identity to bet. And we only need to connect our wallet to the casino to be able to bet.

Quote from: Outhue on June 03, 2023, 04:00:29 AM

This is weird, how can it be hard to meet requirements from banks if you are a victim of card details theft? As a customer of the bank once you call for any possible theft they give you an option to block your card and if yes is your answer they will block the card and it will be useless for the criminals.

Things have gotten better this day because banks now have their own apps and you can decide to block your credit card yourself, unless you can't log into your bank app anymore which is stupid, I kinda like this customer access because it gives them the total control of their bank accounts.

That's not strange because the bank needs to make sure that you own the account, and they need time to complete the process. Meanwhile, from that waiting time, the hacker has managed to take all the money in your account so that when the bank is done with all the verification, your money is gone. If you want to block, there are requirements from the bank to ensure you are the owner.

Indeed, the bank has its own application, but we will still be in touch with customer service to ensure that we are the owner. This is indeed a process that the bank must pass before the bank can execute the blocking.

jostorres

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Quote from: Bushdark on June 01, 2023, 07:51:17 AM

Quote from: Outhue on June 03, 2023, 04:00:29 AM

When we become victims of card details theft, it will be difficult to block bank accounts because banks require many requirements to be fulfilled. But I don't think you are alone because others have also been victims of theft of card details. That's why we don't need to connect credit or debit cards to online sites to guard against frequent hacks or theft of credit and debit card data. It's better for you to use crypto and only use one special wallet to play gambling so that it won't interfere with your other assets in other wallets.

Cryptocurrency is saving us from the problems we were having when cryptocurrency was never in existence. Now there is reduce rate of card theft and frequent use of credit cards online because of the use of cryptocurrency. This had created a gap between the bank and how we make transactions online. It is very important for us to know how we make transactions online especially with the use of our credit cards to reduce how prone we could be losing access to the card die to unsolicited access by scammers and theft.
We are now in the era of cryptocurrency so we need to be guided and make use of the diverse use of cryptocurrency to buy goods online to avoid losing money.

We always advise people not to connect your wallet with any website that you don't trust or your cryptocurrencies stored in that wallet can get compromised in no time, the similar situation is for credit cards as well, if you see a new casino giving out a bonus but only if you make a deposit using your credit card, you need to understand that it's a trap and you should never give your card details to such websites.

However, no matter what we preach, some people out there will still fall for it, as a lot of newbies fall for cryptocurrency scams where they are promised very high returns on their investments and they believe it's true and deposit all their cryptocurrencies for them to enjoy.

Doan9269

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I have been a victim of card details theft before and I can remember the hustle i went through just to get the car.block.and ever since then, i have become sceptical about the use of card to.make either withdrawals or deposits online, and I have also heardothers experience the risk of uusing card n casinos.

When we become victims of card details theft, it will be difficult to block bank accounts because banks require many requirements to be fulfilled. But I don't think you are alone because others have also been victims of theft of card details. That's why we don't need to connect credit or debit cards to online sites to guard against frequent hacks or theft of credit and debit card data. It's better for you to use crypto and only use one special wallet to play gambling so that it won't interfere with your other assets in other wallets.

This is weird, how can it be hard to meet requirements from banks if you are a victim of card details theft? As a customer of the bank once you call for any possible theft they give you an option to block your card and if yes is your answer they will block the card and it will be useless for the criminals.

Things have gotten better this day because banks now have their own apps and you can decide to block your credit card yourself, unless you can't log into your bank app anymore which is stupid, I kinda like this customer access because it gives them the total control of their bank accounts.

If you're truly the owner or bearer of that card you can easily meet up with the required informations needed for them to disable the card but before all these process were completed, the hackers would have advanced their theft in taking away a reasonable amount of money from your account with the card details they have, it's better not to fall their victim than when you're already a prey to the scam, before you could block them they would have done much havoc on your account.

Outhue

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Quote from: panganib999 on June 02, 2023, 04:31:07 PM

I have been a victim of card details theft before and I can remember the hustle i went through just to get the car.block.and ever since then, i have become sceptical about the use of card to.make either withdrawals or deposits online, and I have also heardothers experience the risk of uusing card n casinos.

When we become victims of card details theft, it will be difficult to block bank accounts because banks require many requirements to be fulfilled. But I don't think you are alone because others have also been victims of theft of card details. That's why we don't need to connect credit or debit cards to online sites to guard against frequent hacks or theft of credit and debit card data. It's better for you to use crypto and only use one special wallet to play gambling so that it won't interfere with your other assets in other wallets.

This is weird, how can it be hard to meet requirements from banks if you are a victim of card details theft? As a customer of the bank once you call for any possible theft they give you an option to block your card and if yes is your answer they will block the card and it will be useless for the criminals.

Things have gotten better this day because banks now have their own apps and you can decide to block your credit card yourself, unless you can't log into your bank app anymore which is stupid, I kinda like this customer access because it gives them the total control of their bank accounts.

DoublerHunter

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Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

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's kind of but it's not really at the same time. If you're confident that you're not gonna use your credit card as your backup bankroll for when you lose your money on a gambling session (and I say this with a massive cup of salt) then go for it. Otherwise if you're having second thoughts about using your credit card cause you feel like you may have a tendency to go overboard sometimes with your spending habits, or you think you might abuse your credit card's leniency and convenience by withdrawing money from it every chance you get, then don't. It's better to have no debt than more money, and using your credit card to fund your leisure is fine and dandy but for something that involves high-risk no-return stuff like gambling, I wouldn't really recommend it. But you do you bro.

^Who else here doing it here, using their credit card as a backup bankroll which is I think you should change your mind now.
We should have concerns about overspending or a tendency to go overboard with our spending habits, it is wise to exercise restraint and avoid using our credit cards for gambling. It is better to prioritize being debt-free rather than having more money but carrying a burden of debt. Because when we say you have a backup fund in gambling on your credit card it means you have a plan to exceed the amount that you have set as your capital, which is not good.

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Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

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's kind of but it's not really at the same time. If you're confident that you're not gonna use your credit card as your backup bankroll for when you lose your money on a gambling session (and I say this with a massive cup of salt) then go for it. Otherwise if you're having second thoughts about using your credit card cause you feel like you may have a tendency to go overboard sometimes with your spending habits, or you think you might abuse your credit card's leniency and convenience by withdrawing money from it every chance you get, then don't. It's better to have no debt than more money, and using your credit card to fund your leisure is fine and dandy but for something that involves high-risk no-return stuff like gambling, I wouldn't really recommend it. But you do you bro.

klidex

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Quote from: maydna on June 02, 2023, 09:54:15 AM

Quote from: Bushdark on June 01, 2023, 07:51:17 AM

Quote from: Bushdark on June 01, 2023, 07:51:17 AM

I have been a victim of card details theft before and I can remember the hustle i went through just to get the car.block.and ever since then, i have become sceptical about the use of card to.make either withdrawals or deposits online, and I have also heardothers experience the risk of uusing card n casinos.

When we become victims of card details theft, it will be difficult to block bank accounts because banks require many requirements to be fulfilled. But I don't think you are alone because others have also been victims of theft of card details. That's why we don't need to connect credit or debit cards to online sites to guard against frequent hacks or theft of credit and debit card data. It's better for you to use crypto and only use one special wallet to play gambling so that it won't interfere with your other assets in other wallets.

Cryptocurrency is saving us from the problems we were having when cryptocurrency was never in existence. Now there is reduce rate of card theft and frequent use of credit cards online because of the use of cryptocurrency. This had created a gap between the bank and how we make transactions online. It is very important for us to know how we make transactions online especially with the use of our credit cards to reduce how prone we could be losing access to the card die to unsolicited access by scammers and theft.
We are now in the era of cryptocurrency so we need to be guided and make use of the diverse use of cryptocurrency to buy goods online to avoid losing money.

That's right because by using crypto to play gambling, we can already play gambling without doing KYC even though, in the end, we can be asked to do KYC by the casino. But at least we can rest easy on gambling for a while, and if one day a casino asks us to do KYC and we don't want to do it, we can look for another casino that doesn't have KYC requirements. It has given an opportunity to gamblers, especially those who were confused at the time of Covid yesterday because they couldn't play in physical casinos, so they moved to use crypto casinos. It really helps them, but if not accompanied by good self-control, they can have a chance to get addicted to gambling.

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.

maydna

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Quote from: summonerrk on June 01, 2023, 01:51:32 PM

I have been a victim of card details theft before and I can remember the hustle i went through just to get the car.block.and ever since then, i have become sceptical about the use of card to.make either withdrawals or deposits online, and I have also heardothers experience the risk of uusing card n casinos.

When we become victims of card details theft, it will be difficult to block bank accounts because banks require many requirements to be fulfilled. But I don't think you are alone because others have also been victims of theft of card details. That's why we don't need to connect credit or debit cards to online sites to guard against frequent hacks or theft of credit and debit card data. It's better for you to use crypto and only use one special wallet to play gambling so that it won't interfere with your other assets in other wallets.

Cryptocurrency is saving us from the problems we were having when cryptocurrency was never in existence. Now there is reduce rate of card theft and frequent use of credit cards online because of the use of cryptocurrency. This had created a gap between the bank and how we make transactions online. It is very important for us to know how we make transactions online especially with the use of our credit cards to reduce how prone we could be losing access to the card die to unsolicited access by scammers and theft.
We are now in the era of cryptocurrency so we need to be guided and make use of the diverse use of cryptocurrency to buy goods online to avoid losing money.

That's right because by using crypto to play gambling, we can already play gambling without doing KYC even though, in the end, we can be asked to do KYC by the casino. But at least we can rest easy on gambling for a while, and if one day a casino asks us to do KYC and we don't want to do it, we can look for another casino that doesn't have KYC requirements. It has given an opportunity to gamblers, especially those who were confused at the time of Covid yesterday because they couldn't play in physical casinos, so they moved to use crypto casinos. It really helps them, but if not accompanied by good self-control, they can have a chance to get addicted to gambling.

mak013

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Quote from: summonerrk on May 31, 2023, 12:07:55 PM

Quote

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.

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