Topic: Is this considered a safe practice - page 4. (Read 1527 times)

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.

Well, each person definitely can't do the same thing as what you suggest. They certainly have their own handling, but not all of them follow the advice to secure their personal wallets. This is where they really have to be able to do security before they decide to use the source of their money. If they still want to use their credit or debit card, they really need to know how to secure it and be able to choose a trusted casino site.

But we will avoid using credit and debit cards for those already using crypto because we know the consequences. We will use crypto from a separate wallet and have no other balance unless it is a balance for gambling.

Somehow, we are always too late to anticipate the scammers' movements in withdrawing their money. And for some reason, the bank also takes too long to respond to complaints from its customers, even to the point of submitting requirements or maybe completing KYC verification procedures, even though we are clearly the legal owners of our accounts. That's why we must avoid using credit or debit cards for unnecessary things to avoid being hacked.

By using crypto, we can secure the balance in our account because we only need to deposit the amount of money that we will use for gambling into crypto. And if we use a separate wallet will be even better because we can create a separate wallet that won't mix with other coins so that if something happens, the other coins will be safe.

I have never used a debit card to gamble because I can't imagine that I will be depositing more money to play later. That will make my account savings drain and run out on the gambling table. It's better to use crypto for gambling so we can keep money in the account safely.

It was a risk because there were many cases of data theft and credit card burglary in the internet world at that time the presence of bitcoin and crypto made it easier so that people switched to using crypto or bitcoin to pay also to buy something on the internet or play gambling using bitcoin, I think using a credit card at an online casino is very unsafe because apart from maintaining privacy it also avoids cases like that. we never know the dark side of online casinos that are in it. so need to be aware of that

Gambling platforms are currently quite a lot that have sprung up and almost on average they support bitcoin or other crypto payments, that's why I highly recommend using bitcoin or crypto instead of a credit card.

Aside this, the scammers would have make withdrawals of a large amount of money from our account before we get to the bamk to lodge a complain and they block the card usage, it also takes a long process of KYC verification procedures, it has happened to people i knew before and those scammers make use of their card details to do many online shoppings and spend from the card funds, it's better not to give a vulnerability to this at the first place to avoid any attempts on attack of such.

Man, your circumstances echo: "Fool me once, shame on you; fool me twice, shame on me." The sting of card theft can send you into a tailspin, questioning every click, every enter key press, as though a digital trickster lurks, ready to spring from the shadows. But hey, every cloud has a silver lining and this ordeal has imparted a crucial lesson about cybersecurity.

Exploring the crypto landscape is a daring step, akin to swapping your skateboard for a jetpack. It's swift, it's slick, but it also brings its own set of curveballs. Keep your betting stash separate from other wallets - sort of like keeping your T-shirts and jeans in separate drawers - it ensures things stay neat and orderly. Crypto is like a rollercoaster, so buckle up and guard your private keys like a hawk. After all, you wouldn't leave your front door keys unattended, would you?

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.

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.

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.

It is a mistake. You can spend your money as you want(for gambling too) and no one asks you about it. But if you get profit - you have to pay taxes. Even if you lost much more before. When you withdraw money from the casino - you get profit and have to pay taxes.

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.

Once information had been leaked out then for sure you would really be having the chance for you to be get taxed specially if you are that someone who do make out huge deposits or something that uses up huge sums of money which it is true that government does really like to trace up everything and have that full control. Usually these KYC things are really that because of the money laundering thing on which it would really be that normal that businesses like this would really be needing to comply on whats been asked and whats been required or else you cant really make that operation.
Using up your credit card is something that you had already surrendered out your identity which is something that there's chance that you might be facing up some issues later on but
if you are on someone whose on the losing side then they dont really care at all. 

I follow your point of view, the main reason for that procedure is not really to protect anyone but the interest of the government, money laundering is just another reason to gain access of full control, knowing how things being transact and have that claw to avoid or prevent anyone to make big transactions, when you are required to submit verification you are surrendering your private details, and after that all the subjected taxation or anything that can be governed by the law will come out after you.

Players will always look for the best promotions to compete, it is obvious that they will always or almost always go for the one that gives them the most benefits, in my case I have fallen for promotions where I put my money and then what I do is lose it when in the promotion everything looked differently, this is something that has happened to me, but only when I take promotions or when I see certain contests, bonuses for me are something that I learned not to take to avoid unnecessary losses. When a newbie asks me whether to take a bonus or not, I tell him to read the terms carefully because it is not always what they Promise.

Gamblers mostly love bonuses and they do anything to get one, and casinos use this thing for their promotional material, but if a platform that is legit and is just giving away a bonus so that more players come and play with them, it's all okay, but when a shady platform starts advertising their platform with a pretty high bonus on deposits using credit cards, that is where the problem is.

Now some gamblers will obviously avoid this because they don't know the platform and are not aware if it's trusted or not, but some gamblers will fall for it by seeing the amount of bonus being offered, that is how those scammers get their targets trapped.

The casino may not do money laundering but the gamblers may be involved in money laundering. In order to protect the casino, they impose the KYC, so if there is any suspected case of KYC found, then they can take action against that person or at least they may send this information (KYC data) to the authorities.

If the casino do not maintain this KYC data, then the government can take legal action against the casino as this may be involved in money laundering by allowing the gamblers to deposit or withdraw without the KYC.

I don't see any sense in this, we all know very well that things here when it comes to money laundering are not done by the casinos, this is obvious, it is known that those who launder money do so through other platforms , not because of the casinos, and it is mainly because of the KYC problem, a criminal will not risk putting so much money in a casino, haty other means, what is that the governments always look for excuses to deceive everyone , and that is: "money laundering and protection" when we all know that no government is going to protect its people, that governments do everything for their benefit, that is something that many still do not understand.

Fiat or Credit card, it wont really be just that different because you would really still able to spend up your money.It just differs with CC's is that you do spend on something that you arent still earning but of

course with that kind of privilege is that you would really be needing to pay up with interest which it would really be a common approach.Doesnt matter on what you would make use because if you arent really

that a good payor then you would really be still paying up and lose it all. The worst for credit cards is that you do pay it up all plus the interest which it would really be putting you into a
big trouble.This is why you should really be that careful and be sensible on your spendings because if you are really that irresponsible then you would really be having that
huge problem.

if a particular gambling platform give you an option that you will use in credit in your account a better news that option than funding your account with a Fiat currency and the any other currency can you feel delta liking why some people always have issue in some of this platform is because they disobey the rules and the regulation of the platform so at the end they have issue they will start looking for somebody that will help them to protest

you will say this because you don't know how people find it possible for using a Fiat currency to deposit also found their casino website instead of using a token or any other currency, what you will say is that anyone defined possible to fund the account they can use it provided that the platform accept Fiat currency for deposit or funding of account of their casino gambling

If crypto is an option i would see that there's no bonus big enough worth using credit card instead of cryto. And that sounds so shady luring in high credit score card holders. Is this really your irl friend and can you confirm the story? Or is he a friend made with crypto who wants to boast about their winnings? Because there are ton of those people and you shouldn't take those seriously.

Disadvantages are obvious and i am not sure why you even ask if giving a credit card to random casino is a good idea. But if it's a casino you 100% trust, then you need weigh how much you want that bonus and what are the requirements to get it.

Its your card, its your money then its your full rights on what you should gonna do and its true that there's nothing wrong on making use of your credit cards as long you would really be that responsible
on repaying up on what you have used. Gambling on using up with credit card is really that something risky if you are a type of person on whose that wont really be that good on repaying debts.
You should really be that responsible if you are a card holder because instead on making some benefits out of these cards, you would really be finding yourself on a bad situation
if you arent really that good on handling these things.

Be sure to be responsible and pay on time on what you had spend and you wouldnt really be having any problems in related to this. We are having our own will on whats good and whats bad.
Its impossible not to distinguish those along the way on the time that you are making some dealings.