How to Hide Gambling Transactions
Do you have a question in mind that how to hide gambling transactions?
Many a time, gamblers are concerned that evidence of gambling activities in their bank statements may pose a challenge to them when applying for loans. While there is no direct link between gambling and a turned down loan application, many traditional lenders tend to see active gamblers as not-so-creditworthy and are often reluctant to offer them loans.
To avoid this, the question of “how do I hide my gambling transactions” is one of the most frequently asked questions in the gambling community. Online betting is currently the commonest means of betting for many as it provides all the ease needed to gamble from the comfort of your home. Usually, the price to pay for this is an invasion of your privacy. Bank statements bear receipts of every transaction you have with online betting sites.
How can you hide these?
These simple steps will help keep that gambling transaction the secret you want it to be:
1. Use PayPal
This is the commonest way of hiding your gambling transactions, especially if you play online. PayPal is a money platform that serves as an alternative to traditional money transfers. If your PayPal account is linked to your gambling site, you can make deposits using that account. Sure, your bank will bear statements of its transactions when you wish to withdraw, but it will only read that it’s a PayPal transfer. No details spilled. If PayPal is inaccessible in your location, you may find out what other money platforms your online betting site is compatible with.
Think of these platforms as the middleman between your online gambling website and your local bank. Note that they have deposit limits. For example, you cannot have more than $10,000 in your PayPal account. You risk being reported.
2. Use Crypto
Cryptocurrency is the rave of the moment and is renowned as the world’s most unregulated financial platform and the hub of anonymity. You can take advantage of this by gambling on a crypto-based site or casino. These are not very easy to find as crypto is a very volatile currency, but if you know where to look, you will find a good spot. Crypto transactions are unmonitored and so will your gambling history. You can bypass restrictions on cryptocurrency operations in your country by using a Virtual Private Network (VPN).
3. Use a Prepaid Credit Card
To protect your transaction history, you can order a prepaid card just for your betting transactions and avoid any interactions with your bank account altogether. This step is seamless, but be sure that your gambling site is compatible with credit cards before you proceed.
4. Use a VPN
Consider this the ultimate nipping in the bud, but it is the riskiest step. Your entire history with any betting site is recorded by your ISP and there is no erasing them. Instead, you can download a Virtual Private Network (VPN) to cover your tracks and make your deposits and withdrawals untraceable by your ISP. This step, however, will require that you use a foreign bank account, which is not worth the stress for small deposits. If you are gambling big, you explore this option. You should note that stashing gambling proceeds in a foreign account is illegal in many countries and offenders are liable to jail time.
Gambling transactions do not have to stand in the way of your future financial endeavor. One of these steps is your way out of third-party invasions.