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Online Casinos in general: Bitpanda wants documents regarding my current deposits.

Topic created on 07th Sep. 2023 | Page: 1 of 1 | Answers: 11 | Views: 1,912
Danger
Amateur
I received the following email from Bitpanda and I don't know if I want to react at all. I would prefer to close my account directly.

I have deposited there in the 5-digit range. I have never traded with crypto but simply bought crypto and sent directly to the OC.


My question is if something happens except that I can no longer withdraw anything? Do I have to expect further consequences if I don't send them anything?

Am curious about your opinions

Hello User,

we need to verify the source of your collected deposits over €...... . and your collected crypto deposits over €...... .

Please send us
3 bank statements from the last 6 months that include the following information:


  • Only account receipts with the IBAN of the sender and recipient

  • Names and dates



A proof that you are the owner of the crypto account


  • Screenshots proving that you hold the account from which the deposits come are valid



A transaction history


  • Proof through any relevant purchase or exchange confirmations that you own the assets




Important to know:
You have 21 days to send us the documents and prevent us from disabling your withdrawal option.
no translation found!!!
we know that this is a tedious demand, but our goal is to be a fully regulated investment platform . This way your investments remain safe.
If you have any questions, please contact us . We are here to support you.


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roccoammo11
Expert
just ask there. what should happen? did you also pay out from the casino? what do you think is so bad about it now? don't really check it out

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Danger
Amateur

roccoammo11 wrote on 07.09.2023 at 13:58: ask the best simply there. what should happen big? have you also paid out from the casino there? what do you find it so bad now? checks grad not properly

Yes, I have also paid out from the casino there.


What I find so bad about it? Maybe you report it to the tax office. They want to know where the money is coming from, so to speak. I have the last 2 years there over 30 k deposited and invested directly in online casinos. But have deposited exclusively except for 2 times at the beginning there via Skrill.

Do you think they do not report it?

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moralischverwerflich
Expert
Just send them bank statements and that's it. It's standard for them when a certain amount is reached.
And they don't report it either, since you haven't made any wins on the crypto course itself. That is what many do not understand and always have direct fear of the tax office.
Btw, with me can easily calculate the 5-fold what I have run on bitpanda the last 2 years. And everything without problems

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Danger
Amateur

morally reprehensible wrote on 07.09.2023 at 18:29: Just send bank statements and that's it. Is standard with them when a certain amount is reached.
And they do not report it, because you have made no profits on the crypto course itself. That is what many do not understand and always have direct fear of the tax office.
Btw, with me can easily calculate the 5-fold what I have run on bitpanda the last 2 years. And everything without problems

Super that calms me down a bit Did you have to disclose anything ? Should I send them my salary statement, tax return and Skrill account statement? Or do they mean bank account statements? And what do they mean by transaction history ? They see the transaction itself or do I understand something wrong?

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roccoammo11
Expert
it's all in your text at the beginning. no pay stub. account statements & proof from your crypto account that it really belongs to you & the respective transactions when you deposited money from somewhere there. if you have any questions, contact support directly. no one here knows your complete transactions and existing relevant accounts...

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Danger
Amateur
Why should anyone here know my complete transaction? That's not even up for discussion.

You have probably not understood my question correctly. I was only interested in whether I get stress with the tax office when I send it. Nothing more. Since I use Bitpanda only for OC, I thought that I am in the right place with my questions.


The requirements say something different.

It clearly says that they want to know where the money comes from.

Accepted evidence for fiat deposits
If your deposited funds come from the following:

Wage



  • Three bank statements from the last six months showing the source of income and transaction details (e.g., sender's and recipient's IBAN, name and date)


Other private income



  • Wage, salary or pension statement from the last six months OR

  • Your most recent tax return



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moralischverwerflich
Expert
The salary must be visible on the bank statements.
Tax return you do not need, simply say you have no current.
The tax office do not report it in principle, if you have not made any profits through price fluctuations (I assume now that it is the case with you)
Meanwhile, the stock exchanges transfer data to the tax office, but only if profits have arisen, then you are only interesting for them. If you have made profits by the price fluctuations beyond the 600€.
Briefly explained:
Buy 1 Btc for 25,000€, a week later it is worth 27500€ and you sell it directly. So win 2,5k, of which you would have to pay tax on 1,9k. If you hold it for at least 1 year, everything is tax free.

If you now buy 1Btc for 25k, send it to the casino and win 100k, the casino sends you 4 Btc, the rate has remained stable during the few hours and you sell them for 25k each again directly. Ergo no win on the course made and therefore no tax liability. Even if you have 75k win at the bottom line. Your win is made by increasing the coins and not by the price fluctuation.

Small Tip on the side:
Use an external wallet between bitpanda and casino.
So bitpanda can never make stress regarding casino gambling.
Officially it is forbidden to use bitpanda for casino, it is only tolerated.

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Gambledave
Rookie
Have the same problem.

I have the following but how can I prove that the casino account is mine?
Please send us

A proof that you are the owner of the crypto account



  • Screenshots proving that you hold the account from which the deposits are coming from are valid


A transaction history



  • Proof by any relevant purchase or exchange confirmations that you own the assets



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Gambledave
Rookie
So I don't understand what exactly they want from me now. My wages. Payroll and receipts that I have deposited € in the wallet through my account and Apple Pay is no problem. Although very tedious because there are several hundred transactions but possible. What I can not prove, however, is where the deposits came from the various casinos to my cryptowallet at Bitpanda. At various casinos I am already excluded, etc. that is much too much.

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Danger
Amateur
I have deleted my account at Bitpanda. I don't want any more shit, because I can't prove it and I don't want any further consequences. Ultimately, it is so that they want to know where the money comes from and I can tell them badly where it comes from ^^

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Paddington
Top Member
This is exactly what happens when people abuse a regulated exchange as a wallet. Sooner or later, it will happen to everyone who gambles a lot and runs it through an exchange.

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