Digital currencies have become increasingly popular among online casino players and the general public in recent years. New cryptocurrencies are created every year, and today, the leading cryptocurrency, Bitcoin, has over a dozen competitors of which Tether is one.
Stable digital currencies, like Tether, were created to tackle some of the issues associated with other cryptocurrencies, such as Bitcoin. Some online casinos have been quick to embrace the new digital currency, Tether, just as they were with Bitcoin and other cryptocurrencies.
If you are interested in gambling with Tether or learning more about the payment method, you can find the best Tether casinos listed on this page as well as general information about Tether and Tether casinos. You can also grab the best Tether casino bonuses from this page to make the most out of your deposits.
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🤔 What Is Tether (USDT)?
USDT is a digital currency that is issued by the Tether company. The currency was designed to hold a consistent value regardless of external factors. You might be left wondering how a digital currency can accomplish this, so let me explain to you how USDT works:
Every USDT token is backed by the US dollar (or its equivalent in other assets) held by the company Tether. Tether then issues and burns tokens, in accordance with supply and demand, to maintain the currency’s peg to the value of the dollar. The company reports daily on its operations to maintain transparency with its users. These reports are all available on the various blockchain explorers for the networks that host USDT.
This is because Tether exists as a token issued on various existing open blockchain cryptocurrency networks. These include Bitcoin’s Omni and Liquid Protocol, Ethereum, EOS, and Tron.
Tether tokens benefit from the attributes of their underlying blockchains. For example, Bitcoin-issued USDT benefits from a higher level of security that comes with Bitcoin´s blockchain, but BTC-issued USDTs remain more stable in price than Bitcoins. On the other hand, Ethereum or Tron USDT can be used to make transactions faster with lower fees.
Pros and Cons of Tether Online Casinos
While Tether is a great alternative to more established cryptocurrencies, it's not perfect. Let’s look at pros and cons of using Tether.
Demanding conditions: harder to use than other cryptocurrencies.
Inexpensive to use: most players can start using Tether for gambling.
KYC requirements: Tether has more KYC checks in place than Bitcoin.
Stability: Tether is comparably a stabler coin than other cryptocurrencies.
Widely available: Tether casinos are widespread and accessible.
All in all, it´s refreshing to see more and more online casinos starting to support Tether for deposits and withdrawals.
Get Started With a USDT Casino
If you want to start playing at a USDT online casino, here's the entire step-by-step process:
1. Sign up for a wallet
2. Verify and buy USDT
3. Make a deposit
Get a safe crypto wallet that can store USDT.
Buy Tether and send it to your new wallet.
Review the transaction details and confirm.
How to Create a Tether Account
In order to get started with Tether, you will need to get yourself a crypto wallet, available straight from the official Tether website. After all, it is still a cryptocurrency and, as such, needs a place for storage.
The great thing about Tether is that you will not be asked to provide any private details upon registration. In fact, you can use your email address for verification, as well as dual-factor verification procedures. This means that you won´t have to divulge any personal information to the company.
However, keep in mind that upon registration, your account will need to be approved and verified by the Tether team first. While they have been fair in approving accounts so far, we don´t know what criteria are being used to distinguish between good and bad, potential candidates.
Once you are registered, you will receive an email notifying you of your current status, and all you need to do afterwards is to fund your e-wallet.
How to Deposit With Tether
Tether Deposits are incredibly easy, just follow these simple steps:
1
Head to the Cashier
Go to the Cashier section of the casino.
2
Choose Tether
Select Tether as your banking method. Doing this will generate a unique address.
3
Select your deposit amount
Enter how much you wish to deposit into your casino account.