NZD ledger
Track dollar values and fees.
Crypto Casino: value token gambling in New Zealand dollars and ask who holds your tokens.
Crypto balances can hide real risk because token prices move. Record NZ-dollar values at each step. Custody matters too: tokens in a gambling balance are generally held by the operator, so its solvency and policies matter. Crypto payment does not create local authorisation. Check IRD guidance on tax treatment of crypto.
Details worth taking awayTrack dollar values and fees.
Check segregation and insolvency statements.
Check addresses and networks.
Keep a ledger of date, tokens, NZD value and fees. Note exchange spreads. IRD information on crypto may help with record-keeping.
Read the terms for custody: whether funds are segregated and what happens in insolvency. If silent, record unknown.
Check licence claims against official sources. A foreign licence addresses another jurisdiction.
Verify addresses and networks before sending, as errors are generally irreversible. Never borrow for gambling. Gambling Helpline can help.
No.
Token prices change exposure.
Generally not.