Bitcoin for online poker?

Bitcoin for online poker?

Came across this article in slate today:
http://www.slate.com/id/2294980/?from=rs...

Anybody use bitcoin to play online poker?

Also, pretty ridiculous that the article lumps in poker players with criminals, tax-evaders, pornographers, drug dealers, and other unsavory types.

19 May 2011 at 01:34 PM
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Bitcoin has high costs. Etherium network also, but through Polygon network. Litecoin and Bitcoin cash have low costs, as do some relatively new tokens and networks.

One needs to use an exchange or wallet under one's name, and in some cases potentially proving even the source of funds that came there, or it might become an issue. Can be difficult if one has an anonymous hard wallet that one uses to deposit e.g. to Binance and then to a poker site.

Additionally, the tax man will see all in 2026 the latest, and might like to get all the info, so keeping documents of all the money transfers to the finest detail, including sceenshots and photos of everything, and that means everything, ALL the steps.

For smaller amounts, like under 15k, one might get away with paying 30% tax of up to all cryptos one has, until one can prove the original amount and only pay tax of the profits - after it is turned to fiat, stable coins, stuff.

If one has anonymous crypto from years back, there are frequently no documents left for one to prove the deeper source of funds, so one should just turn them into fiat if it is still possible and make another deposit with proven source as so, to start all over.

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