The same principles apply to picking the best Tether casino as a traditional online casino. First and foremost, if you want peace of mind, choose a licensed and regulated casino. Then, look at the games offered, bonuses, support and other perks. Also, make sure to look at the casino terms and conditions. To help you make a decision, be sure to check out our detailed Tether casino reviews.
Best Tether Casinos
Cryptocurrencies have been growing in popularity at a rapid pace in recent years. As more and more people become aware of crypto, how it works, and the benefits, the demand for the best cryptocurrency casinos has been growing. What most people don’t know is that there are thousands of different cryptocurrencies besides the most well-known like Bitcoin and Ethereum. Tether is a very interesting crypto that works a little different to others, so let’s explore it a bit more. Then, we’ll take a look at some key factors to help you find the best Tether casinos to play at.
Online casinos and betting sites have been around for more than 2 decades, and in order to play at these sites, you have to deposit traditional fiat currencies such US dollars, British pounds, euros, etc. In about 2016, cryptocurrencies started making global headlines despite having been around for many years prior, especially Bitcoin. The iGaming industry has always been at the forefront of new technologies, so it was no surprise that gaming sites started supporting and accepting cryptocurrencies, and in recent years there has been a surge in new crypto casinos launching.
These crypto casinos started with support for only a few cryptos, but they have been adding support for more and more different cryptocurrencies, and one of them is Tether (USDT). At CryptoCasinoInfo.com, we love crypto and we’re here to give you all the info you need about Tether casinos, plus our in-depth reviews will help you find the best Tether casinos out there.
What is Tether?
Tether (USDT) is a blockchain-based cryptocurrency that was launched in 2014 and was originally called RealCoin. It then later changed its name to Tether. The Tether token is known as USDT. While Tether has similar characteristics to most cryptocurrencies, what sets it apart is that it is stablecoin (stable-value cryptocurrency). What this means is that its price/value is constant, i.e., it is pegged to the US dollar. In other words, 1 USDT = $1, and it will always be this way. There are brief moments where USDT is a few cents higher or lower, but once the Tether company adjusts their backing reserves, the price stabilizes back to $1.
Other cryptocurrency values fluctuate based on market forces of supply and demand, which is why, for example, Bitcoin has gone from being worth only a few cents to tens of thousands of dollars. This stability of USDT is a major reason why so many gamblers are interested in using it for betting. What also makes Tether so attractive is that it provides a fast and cheap way to send the equivalent US dollar amount to anywhere in the world without the need to rely on banks, service providers or regulatory bodies.
As mentioned, Tether works similar to various other cryptocurrencies, where each transaction is verified by a global network of computers, called nodes. Each transaction is written to a public ledger (database) and once the transaction is verified and confirmed, it is added to a block in the chain, and it cannot be edited or reversed. Tether does not have a supply limit, so when Tether Ltd releases more tokens, they ensure that they are backed by the equivalent value in their reserves. Tether also does not have its own blockchain network but instead, it operates on the networks of various other large blockchains such as Bitcoin, Ethereum, EOS and others.
What are Tether Casinos?
Essentially, a Tether casino is an online casino that supports Tether payments. Thanks to the growing demand for crypto payments, many legacy casinos that have historically only accepted fiat currency payments, like EUR, have added the option for cryptocurrencies. However, there has been a surge in the number of new crypto casinos entering the market that only accept crypto payments like Tether.
One of the key reasons why casinos and betting sites are moving swiftly into the crypto-sphere is that cryptocurrencies like Tether allow them to receive payments directly from players, whereas regular fiat payments, require third-party intermediaries and payment processors. Because of constantly fluctuating regulations, often payment processors and credit card companies avoid gambling payments. Also, eliminating the “middleman”, reduces the costs for all parties.
When it comes to gambling with USDT, it also makes life much simpler for players because it is easy to track and know how much you are betting as the value is essentially a dollar value. If you are spending 1USDT per spin, you know it is equal to $1, as opposed to, for example, 0.000016 BTC per spin.
Tether Casino Games
The player experience at a Tether Casino is essentially the same as a fiat-based casino, except for the depositing and withdrawal process. You can expect to find thousands of the same games and betting options as a regular online casino.
Some of the game studios you will find at Tether casinos include:
- Big Time Gaming
- Evolution Gaming
- Play’n GO
- Pragmatic Play
- Red Tiger
- Plus, many more
All the best Tether casinos have huge ranges of slots and casino table games. You will also find that many casinos also offer Live Dealer games, so you can play your favourite casino games while interacting with the dealers and other players in real-time.
Tether Casino Bonuses
Casino bonuses are pretty much the norm at any online casino nowadays. Whether it’s a deposit match bonus, free spins, reload bonuses, cashback or more, you can expect all these great perks when joining the best Tether Casinos.
Something you need to be aware of is many crypto casinos advertise their bonuses as Bitcoin (BTC) bonuses and very few advertise USDT bonuses. However, this is why it is important to check the terms and conditions of an offer before accepting it to make sure they do extend the offer to USDT deposits. You certainly don’t want to deposit to find out afterwards that you don’t qualify for the bonuses. If in doubt, connect with the casino support on Live Chat and confirm with them.
All too often, players skip over the T&Cs when joining a casino, which is why we must emphasize some of the key points to look out for before joining a Tether Casino:
- Minimum deposit to claim a bonus
- Maximum bonus amount
- Do USDT deposits qualify for bonuses?
- Wagering requirements
- Maximum bonus winnings cash out
- Bonus period validity
- Daily or weekly withdrawal limits
- Any fees
Over and above the bonuses, all the best Tether casinos also have generous loyalty programs. The loyalty programs will reward you with extra bonuses, free spins, cashback offers, tournaments, lucky draws, and much more. Before you sign up with a Tether casino, take a look at the loyalty program because those extra benefits can really enhance your playing experience.
Tether Casino Deposits
Tether casino deposits, and in fact all crypto deposits for that matter, are where things differ from traditional fiat currency casinos. But don’t worry, it is not complicated and by the time you’ve made a few transactions, you’ll be a pro. The first step to making a casino deposit with Tether/USDT is you will need a crypto wallet with a USDT balance.
A wallet is basically a piece of software (application) that you use to store, send and receive crypto with. The easiest and most convenient to use is a crypto wallet app that gets installed on your smartphone. If you visit Google Play or iTunes, you will find many free, top-rated apps.
Once you have a wallet ready, it will be time to add funds to it, and in this case, it will be USDT. All major cryptocurrency exchanges offer you the ability to purchase (exchange) currencies like US dollars and euros into USDT. You can pay for the transaction with a credit card or bank transfer (just be aware of the fees). Simply follow the steps on the site of the exchange and in no time, you will have USDT in your wallet. The next step is to transfer USDT to your selected Tether casino.
Depositing with Tether
- Log into your casino account and visit the cashier tab. There you will find the option to “deposit”.
- Choose Tether/USDT from the list of supported cryptos.
- You will then see a long string of numbers and letters which is the casino’s USDT wallet address. There will more than likely also be a QR code.
- Open your crypto wallet and choose “send” or “transfer”.
- Enter the Tether address displayed in the casino cashier or simply scan the QR code to auto-populate the details.
- Double-check everything is correct.
- Enter the amount of USDT to transfer.
- Wait a few minutes for the transaction to be confirmed. Shortly thereafter, your USDT casino balance should update.
Withdrawing with Tether
- Log into your casino account and visit the cashier.
- Select the withdraw option. (Make sure that you have completed any wagering requirements)
- Input the amount of USDT to withdraw.
- Enter your USDT wallet address. This is your public address. (Never reveal your private key to anyone, not even the casino support).
- Double-check you have entered your USDT address accurately.
- Submit the request.
- The casino will then process your withdrawal request and transfer your USDT to your wallet.
Advantages of Tether Casinos
Decentralized – A key advantage of crypto is that it is decentralized, so you are in full control of your crypto and are not reliant on a centralized organization.
Anonymous – Traditional fiat payments can be viewed by your bank and government agencies. Tether transactions are anonymous, so your personal info is never revealed. Just note that regulated casinos will still require you to do KYC verification.
Reliable – When you transact with a Tether casino, there are no 3rd party payment processors, which enhances the reliability.
Safe & Secure – Thanks to the secure nature of crypto, you can have additional peace of mind.
Fast – Transactions with USDT are extremely fast.
Low Fees – The fees charged for USDT are very low and generally much cheaper than, for example, wire transfers.
Disadvantages of Tether Casinos
Learning Curve – When getting started with crypto, there is a learning curve, but after a few transactions, it will become second nature.
No Chargebacks – Once a transaction has been processed and verified, you cannot reverse it or chargeback. This is why it is vital to join the best and most reputable Tether casinos.
Tether Casino FAQs
How do I pick the best Tether Casino to play at?
Are Tether and crypto casinos legal?
The legality of online casinos varies from country to country and jurisdictions. As a rule of thumb, if you choose to play at a regulated and licensed casino, and they allow you to join, you should be fine. This is because, in order for the casino to hold a license, they are required to block countries that do not fall within their jurisdiction.
Do I need to pay taxes on winnings from a Tether casino?
The tax requirements are different in every country, so you would need to speak with a tax consultant to confirm what your tax liability would be. In general, you will have to pay taxes on winnings, whether it is a regular online casino or a crypto casino.
Manuel lives in Argentina and is very passionate about casino games and the adrenaline that the games imply. Manuel has also a burning interest in the crypto market and its opportunities. In his free time, he likes to do extreme sports in nature, such as climbing the mountains of Patagonia and diving in the sea.