Things to be aware of when depositing and withdrawing with virtual currency at online casinos

Do you usually use virtual currencies such as Bitcoin for deposits and withdrawals at online casinos?
While depositing and withdrawing with virtual currency is convenient, there are quite a few things to be careful about, so I've summarized what you should be careful about, so please refer to it.

I will explain each item that you need to be careful about.

As shown in the image above, in general, if you send the virtual currency to the deposit address of the casino from the exchange where you own the virtual currency, the deposit will be reflected in the online casino.
If you make a [wrong sending address] at that time, your virtual currency will be permanently scattered in the sea of ​​electrons and you will never be able to recover it.
If you make a mistake when making a deposit, the deposit will not be reflected in the casino, and your Bitcoin will simply disappear forever.
Even if you make a mistake in your wallet address when withdrawing money, the virtual currency will disappear forever as well.
For the exchange of virtual currency, you can see the history or evidence of [how much was sent from this address to this address] on the net, and the casino side basically proves that it was sent to the specified sending address. I'll put it out, so there's no point in doubting the casino.
Anyway, you have to be careful not to make a mistake in entering the address.

There are many cases where a fee is charged when sending virtual currency from a virtual currency exchange such as Coincheck or Bitflyer, but if you do not confirm this firmly, it may lead to unexpected situations, so send it You have to check the fee carefully.
If it is a Japanese exchange, the shipping fee is free or even if it is high, it will be about 500 yen to 2000 yen in Japanese yen conversion, so I think that it does not mean "Wow! , At the time of a rough market such as a surge, or if you traded without looking closely at overseas minor exchanges, the shipping fee was about 5 yen in Japanese yen conversion. Let's check it with the terms of use!

Unlike legal tenders such as yen and dollars, virtual currencies (cryptocurrencies) such as Bitcoin do not have a manager such as a country, so it is up to the market to decide the value.
Therefore, it may plummet and its value may reach 0 yen, and it is normal for demand to increase and the value to be several to several tens of times higher.
It is common in ICOs that grass coins (coins with a value of 1 yen or less) are listed on exchanges and are thousands of times larger.
So, for example, if 1 Bitcoin plunges to 500 million as soon as you deposit 0.1 Bitcoin to an online casino when 1 Bitcoin is 300 million yen when the market is unstable, the same 0.1 Bitcoin is worth it. It has dropped by 40% ... (It means that even though you deposited 50 yen in Japanese yen, the value has dropped to 30 yen)
If it is a casino where you can bet Bitcoin as it is, since Bitcoin is Bitcoin, the value may have decreased due to the influence of the market price, but the number of Bitcoin itself remains the same, but in the case of a casino that converts virtual currency in dollars or yen Is converted to legal currency at the market price on the casino side, so if the timing is so bad that it suddenly soars, "I made a deposit of 10 yen and made a deposit of 10, but if I make a deposit 10 minutes later, it is worth 15 yen. I was able to make a deposit ... "

I'm glad that I made a deposit in an online casino with virtual currency and won millions of wins, but on the other hand, a tax problem arises.
Normally, the profit of online casinos corresponds to temporary income, but if you use virtual currency, income in virtual currency = miscellaneous income, so even if the profit is the same, the treatment will change, so high roller people and explosive wins People need to be careful.
Since it is considered as income when the virtual currency is converted to Japanese yen, it will not be considered as profit unless it is converted into yen, so be careful when you make a profit (when you convert it to yen).

With that feeling, using virtual currency for deposits and withdrawals to online casinos has become a major issue, and there are merits such as anonymous OK, quick deposit and withdrawal, and free withdrawal fees, so there are mistakes in the sending address and the market price. If you don't pay attention to deposits and withdrawals during rough times, you may end up suffering unexpected losses.
Especially recently, it has risen again (bitcoin price at the time of writing = about 650 million) and I don't know if it will still rise or it will cause a crash, so basically it is better when the market is calm.
Well, if you are at a casino where you can bet Bitcoin itself or 1xBIT, the quantity will not change even if the value of the coin drops, so for deposits and withdrawals with Bitcoin, we recommend an online casino where you can bet the virtual currency itself. ..