Bovada On-Line Casino
US tax authorities will be chasing bitcoin transactions now. There's nowhere to hide anymore.
Quote: ChumpChangeBovada Review: Number One Online Casino In The US – 2019 UPDATE link removed
US tax authorities will be chasing bitcoin transactions now. There's nowhere to hide anymore.
it is impossible to chase bitcoin transactions, unless you use one of the main exchanges and have an account that forces you to link personal information (like coinbase), if you have an anonymous wallet, there is no way to trace it....
Not quite: As a customer of XYZ casino, I set up an account: They request my name and address and various proofs of ID. When I withdraw my winnings by bitcoin I generate and tell them the address to send it to. They now have a bitcoin address associated with me. At any time, they, or 'the authorities' can examine that and any other bitcoin wallet addresses and see money coming and going. Every transaction is logged, forever. If the casino have told the authorities of the link between that bitcoin address and me as a person, then I'm open to forensic investigation of at least some of my transactions. The whole BITCOIN ledger is wide open to very deep analysis. ...Once some organisation provides the connection to a real person ID. This applies even if you buy and use a hardware wallet such as a Trezor.Quote: Gandlerit is impossible to chase bitcoin transactions, unless you use one of the main exchanges and have an account that forces you to link personal information (like coinbase), if you have an anonymous wallet, there is no way to trace it....
It's totally anonymous in it's own right until you say to the casino 'I'm Joe Bloggs, you can see from my account that I won $$$$. Please send my winnings to bitcoin address ...'
It's much less anonymous if you entrust an exchange like Coinbase with your bitcoins. They log everything anyway and have it all tied intractably to you as a person. It only takes for them to spill the beans to the tax authorities.
Quote: OnceDearNot quite: As a customer of XYZ casino, I set up an account: They request my name and address and various proofs of ID. When I withdraw my winnings by bitcoin I generate and tell them the address to send it to. They now have a bitcoin address associated with me. At any time, they, or 'the authorities' can examine that and any other bitcoin wallet addresses and see money coming and going. Every transaction is logged, forever. If the casino have told the authorities of the link between that bitcoin address and me as a person, then I'm open to forensic investigation of at least some of my transactions. The whole BITCOIN ledger is wide open to very deep analysis. ...Once some organisation provides the connection to a real person ID. This applies even if you buy and use a hardware wallet such as a Trezor.
It's totally anonymous in it's own right until you say to the casino 'I'm Joe Bloggs, you can see from my account that I won $$$$. Please send my winnings to bitcoin address ...'
It's much less anonymous if you entrust an exchange like Coinbase with your bitcoins. They log everything anyway and have it all tied intractably to you as a person. It only takes for them to spill the beans to the tax authorities.
Your safest bet is declaring all wins and losses on your taxes.
If casinos don't allow ACH transfers it should be a red flag because that means they are not state sanctioned.
... and for the tax authorities to be interested.Quote: OnceDearIt only takes for them to spill the beans to the tax authorities.
If required to by your country's tax authorities.Quote: GandlerYour safest bet is declaring all wins and losses on your taxes.
is, the live feed on bac hasn't worked
in weeks. I can see the live wheel on
roulette, but not on bac. At other
casinos that use the same feed,
it's not visible there either.
on your site you say the following:Quote: MichaelBluejayRon44, here's my honest take of Bovada. They're not perfect, but there's no better casino serving most of the U.S.
"Outright cheating (rigged games) is pretty rare,"
What evidence do you have to support that?
