Australia - options for Australian Players - Page 23 - Internet Poker

My exchange said australian banks don't like bitcoin and may shut down your bank account so don't ever put in a reference as bitcoin. Will a australian bank ever shut down your bank account if you deposit money into a bit coin exchange in order to play online poker?

Westpac gave me a warning...

But was charging people markup without a trading license. Could have been worse.

As far as trading between people you know they dgaf

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04-24-2020 , 09:57 AM

#552

emekulate

journeyman

Join Date: Aug 2009 Posts: 281

As aussies, is it recommended that we use a VPN when playing ignition nowadays? Or does it not matter? My ISP is telstra

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04-24-2020 , 05:54 PM

#553

Lazza61

enthusiast

Join Date: Sep 2014 Posts: 61

It is recommended that you change your ISP's DNS server using these instructions.

https://developers.cloudflare.com/1....1.1.1/windows/

Playing via a VPN is still against their Ts & Cs.

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04-24-2020 , 09:00 PM

#554

Bat_Luke

newbie

Join Date: Mar 2020 Posts: 20

I'm trying to register on Black Chip Poker and ACR but there's no option for Australians.
Have they limited the access? I read online that we should use a VPN, but can't give them an overseas address anyway.

Anybody can help?

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04-26-2020 , 06:26 AM

#555

harddude

banned

Join Date: Apr 2020 Posts: 315

Quote:

Question

Do you have to declare bitcoin gains if you acquired the bitcoin for your own personal use? Is it taxed? And at what rate?

Answer

Cryptocurrency, like Bitcoin, is an asset for tax purposes, and there may be tax consequences if you sell it or use it to buy other goods or services. This means that, most of the time, when you dispose of cryptocurrency (by trading, selling or gifting) you’ll need to work out if you have made a capital gain or loss.

However, you may be able to ignore cryptocurrency transactions that are done for your personal use.

If you buy and use cryptocurrency solely to purchase goods or services like clothing or music, the cryptocurrency is usually considered to be a personal use asset, and there are no tax consequences.

Example : Personal use

Michael wants to attend a concert. The concert provider offers discounted ticket prices for payments made in cryptocurrency. Michael pays $270 to acquire cryptocurrency and uses the cryptocurrency to pay for the tickets on the same day. The cryptocurrency in these circumstances is a personal use asset, and there are no tax consequences for Michael.

Example : Investment

Peter has been regularly acquiring cryptocurrency for over six months with the intention of selling at a favourable exchange rate. He has decided to buy some goods directly with some of his cryptocurrency. Because Peter was holding the cryptocurrency as an investment, the cryptocurrency is not a personal use asset. This means that Peter will need to consider the tax issues connected with trading his cryptocurrency, and return any gains or profits in his income for the year.

Cryptocurrency is not a personal use asset if it is acquired, kept or used as an investment, in a profit-making scheme, or in the course of carrying on a business. It’s also worth keeping in mind that the longer you hold your cryptocurrency, the less likely it is that it will be a personal use asset.

Making a deposit onto a Australian exchange in Australian dollars and then converting it to bitcoin and sending to a wallet and onto ignition are you liable to pay tax for doing that or is that personal use and no tax is liable?

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04-26-2020 , 09:16 PM

#556

Lazza61

enthusiast

Join Date: Sep 2014 Posts: 61

Quote:

Originally Posted by harddude

I hope not because that's the way I get money on/off poker sites. Except I buy and transfer crypto directly from the exchange to the poker rooms, not via an intermediary wallet,

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04-27-2020 , 12:53 AM

#557

Day_Dreamer

centurion

Join Date: Oct 2019 Posts: 181

Can't you just say the moneys from gambling if it is ever questioned?

There's no proof to confirm or deny so how can they tax it?

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04-30-2020 , 10:30 AM

#558

UserAbuser

journeyman

Join Date: Feb 2020 Posts: 342

Has anyone had success playing on Winamax?

Quote

04-30-2020 , 05:31 PM

#559

bouglas

grinder

Join Date: May 2007 Posts: 615

Quote:

Originally Posted by UserAbuser

Has anyone had success playing on Winamax?

My understanding is you need to be a French resident and have your poker account linked/verified using a french bank account.

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05-01-2020 , 02:22 AM

#560

UserAbuser

journeyman

Join Date: Feb 2020 Posts: 342

Quote:

Originally Posted by bouglas

My understanding is you need to be a French resident and have your poker account linked/verified using a french bank account.

I signed up and they accepted Australians just got to send them some documents to verify my address and name.. You are probably right but its worth a shot, ill send my info tonight and see what happens..

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05-01-2020 , 08:16 PM

#561

jakedamus

old hand

Join Date: Mar 2010 Posts: 1,992

Is there any rakeback you should get before signing up ?

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05-01-2020 , 08:50 PM

#562

ITSOVER9000

veteran

Join Date: Apr 2008 Posts: 3,254

I withdrew 10k AUD in BTC. 10k AUD = 6420USD on XE.com. But they have an internal rate they use to calculate it which meant they took 6532USD out of my account. Is there any way to avoid this vig?

Seems like quite the scam to do this as I deposit in BTC and play in USD so they never convert it to AUD themselves.

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05-01-2020 , 09:25 PM

#563

ITSOVER9000

veteran

Join Date: Apr 2008 Posts: 3,254

Quote:

Originally Posted by ITSOVER9000

for ignition this is

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05-02-2020 , 01:55 AM

#564

tyuh

centurion

Join Date: Mar 2020 Posts: 114

Quote:

Originally Posted by ITSOVER9000

for ignition this is

everytime ive withdrawn in btc ive received market rate.

Quote

05-02-2020 , 04:44 AM

#565

ITSOVER9000

veteran

Join Date: Apr 2008 Posts: 3,254

Quote:

Originally Posted by tyuh

everytime ive withdrawn in btc ive received market rate.

it gave me close enough to the fair market rate for $10000 AUD in BTC at least, just deducted the USD equivalent of 10175 AUD.

Quote

05-06-2020 , 06:16 PM

#566

bouglas

grinder

Join Date: May 2007 Posts: 615

Quote:

Originally Posted by UserAbuser

Did you manage to be verified and play on Winamax?

Quote

05-06-2020 , 08:16 PM

#567

MangoBall

adept

Join Date: Sep 2011 Posts: 809

Quote:

Originally Posted by tyuh

everytime ive withdrawn in btc ive received market rate.

same, when i recieve my BTC, at that exact moment its market rate

Quote

05-09-2020 , 12:35 AM

#568

W4RS4W

newbie

Join Date: Apr 2009 Posts: 18

Quote:

Originally Posted by bouglas

My understanding is you need to be a French resident and have your poker account linked/verified using a french bank account.

I live in Melbourne and play on Winamax. I think you have to be born in Europe to play there. Not sure but it is one of the questions they ask on sign up. You submit the usual proof of I'd and then they send you a code in the mail, takes a couple of weeks.

Quote

05-14-2020 , 02:57 PM

#569

brucey007

stranger

Join Date: May 2020 Posts: 4

Does this allow you to play on most sites?

I am having trouble depositing bitcoin on ignition and there reach department are blaming my network provider.

Thanks

Quote:

Originally Posted by Lazza61

It is recommended that you change your ISP's DNS server using these instructions.

https://developers.cloudflare.com/1....1.1.1/windows/

Playing via a VPN is still against their Ts & Cs.

Quote

05-14-2020 , 08:34 PM

#570

Lazza61

enthusiast

Join Date: Sep 2014 Posts: 61

It will only work for Ignition as it is the only poker room being blocked by ACMA ordered initiatives.

It will not allow you to play where we are geo-blocked by the poker room (i.e. the main regulated sites like Stars/Tilt, party, 888 etc).

Quote

05-16-2020 , 12:38 AM

#571

brucey007

stranger

Join Date: May 2020 Posts: 4

Quote:

Originally Posted by Lazza61

Are Australians allowed to play at American Card Room and use this method? Thanks

Quote

05-16-2020 , 06:31 PM

#572

Lazza61

enthusiast

Join Date: Sep 2014 Posts: 61

It could be worth a try, however I believe it is ACR that are blocking new signups from Aussies, not the ISPs.

It may also be worth using a VPN to try and signup. Once you have an ACR account, it is not necessary to use a VPN or alternate DNS server.

Quote

05-16-2020 , 06:45 PM

#573

brucey007

stranger

Join Date: May 2020 Posts: 4

Quote:

Originally Posted by Lazza61

Thanks Lazza, I will give it a try

Quote

05-17-2020 , 09:26 AM

#574

anchor72

newbie

Join Date: May 2020 Posts: 21

Quote:

Originally Posted by Bat_Luke

I am unable to deposit any cash to Ignition poker, the team seems like a bunch of people that is unable to think or articulate any helpful response.

Is anybody else in my same situation?

I am told that i am unable to deposit via bitcoin as is required an initial credit card transaction, but they block my credit card because "unable to verify my information", but when i contact them they ignore me and just keep saying ''try again in 24 hours''.. I have been trying every 24 hours for the past 5 weeks.

Would a voucher deposit allow me to deposit via bitcoin after?

Gonna bump this because I'm in the same boat. Been trying on and off since lockdown and no progress. I used to be able to play on their sister site Bodog88 a few years back, but for some reason I can't deposit into Ignition now. I don't think it's my network settings since I've tried different DNSes and used a VPN and still can't get card deposit working.

Was talking with someone else on another forum and they were experiencing the same issue. They even tried using a voucher and that still didn't work. I just gave up and ended up using JuicyStakes.

Quote

05-19-2020 , 07:28 PM

#575

mickesheee

newbie

Join Date: Jun 2012 Posts: 31

Quote:

Originally Posted by CheeekyAri

Been hearing rumours of Australian being able to play on GGPoker, does this have any truth to it?

I am playing on there with a VPN. They let me deposit easily with Bitcoin and I have been playing on there the last few weeks with no problems except the software locks up every hour or so. Is this because I am on a VPN? Don't know. Getting money out is another story as you need ID, proof of residency, etc. I only put a few dollars in to try it out until I can prove I can get money out OK. LOL that they let you put money in easily but not out.

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