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.
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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.
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 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.
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.