Tether UK Casinos 2022 - Online Casinos Accepting Tether
Tether is one the digital currencies that 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 UK 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. Gamble responsibly and profitably in the company of your favourite online casino professional – Mr Gamble!
Best Tether Casinos UK
We at Mr Gamble have reviewed all online casinos that support Tether as a banking option. Although Tether is hardly the most popular banking method available to casino players these days, today, the cryptocurrency is supported by almost a dozen online casinos around the world.
This means that finding a Tether UK Online Casino is now easier than ever. Use the filters that match your preferences for an online casino and narrow the list down to how the best Tether casinos for you. The list also shows offered new player bonuses and their terms, so you'll know exactly what you get.
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 USDT's remain more stable in price than Bitcoins. On the other hand, Ethereum or Tron USDT's can be used to make transactions faster with lower fees.
Why the world needs Tether?
The leading cryptocurrency, Bitcoin, received a lot of attention early on when it was established. This led some people to imagine a world of decentralised finance - a global economy where banks and governments wouldn't be involved in producing money. Unfortunately, things haven't panned out like this so far.
However, Bitcoin has some disadvantages that make using it for payments problematic. First of all, its limited supply means that without an enormous market capitalisation (the value of all coins in circulation), its price will always be volatile. This is because changes in Bitcoin's demand, impacted by regulations and other external factors, have a dramatic impact on its price. Bad news makes Bitcoin's price go down, and good news makes its price go up.
Tether was created to solve the volatility and expensive security issues Bitcoin has. Other cryptocurrencies have the same goal of course, but so far Tether is proving to be a worthy opponent. Its versatility also makes it a good option for casino players, and many online casinos accept Tether now.
How to create a Tether account
In order to get started with Tether, you will need to get yourself a specific 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 afterward is to fund your e-wallet. But making deposits and requesting for withdrawals to your Tether wallet needs to be done with extreme attention and precision because Tether payment requests are hard to reverse. This cryptocurrency's transactions can still be reversed in certain cases, but the actual process could make you incur some hefty fees.
How to deposit to Tether Casinos in UK
Tether deposits are easy to make and the funds come through instantly. As long as you have created and verified your Tether account, making a deposit to a Tether casino should happen as so:
- Register a player account or sign into your existing one
- Head to the ‘Cashier’ section at the casino
- Select Tether from the banking method options
- transfer funds from your crypto wallet into the online casino
Withdrawals from Tether Casinos
What makes Tether a great choice for casino transactions is that it also handles withdrawals. Another advantage of using Tether at online casinos is that players can later request a withdrawal from their Tether wallet to their bank account in US dollars, should they want to.
When it comes to the withdrawal process with Tether, it is similar to the withdrawal processes with other cryptocurrencies. However, withdrawals with Tether are much faster and more reliable thanks to the optimised and fully secure protocol it uses. But before you withdraw your winnings with Tether, make sure to check for fees or any withdrawal limits beforehand, so that you won't encounter any unpleasant surprises.
How to withdraw money from casino with Tether
- Go to the ‘Cashier’ section at the casino
- Select Withdrawal
- Choose Tether
- In case you used Tether for deposits, your account information should be ready. If not, fill in your Tether account details
- Confirm the transaction. Your funds should arrive quickly!
Advantages and Disadvantages of Tether Online Casinos
To finish off, let’s sum up all the pros and cons of using Tether.
|Fast deposits and withdrawals||Harder to use than other cryptocurrencies|
|Inexpensive to use||Requires KYC checks more often than Bitcoin|
All in all, it's refreshing to see more and more online casinos starting to support Tether for deposits and withdrawals. We are also seeing more and more cryptocurrencies pop up each year, and cannot wait to see what the future will hold in this space.
Is gambling with Tether legal?
Because there is currently no legislation in place to regulate Tether gambling, playing at online casinos with Tether is perfectly legal.
Will Tether´s price go up?
Unfortunately, we cannot answer this question to you with certainty. However, experts haven´t predicted a high price for this cryptocurrency.
Does Tether offer customer service to its users?
Yes, users can email the company, should they have any problems or inquiries about the cryptocurrency. Alternatively, Tether´s customer support team can also be found on social media, including LinkedIn, Facebook, and Twitter.
Am I eligible to receive a Welcome Bonus if I use Tether?
Yes. You will be able to claim a Tether Welcome Bonus upon registration at most Tether Online Casinos.
Besides Tether, are there any other cryptocurrencies that I can use for deposits and withdrawals?
Yes. If you can’t use Tether, you can head to Bitcoin or Litecoin casinos instead. You can find the best online casinos supporting your preferred cryptocurrency from the Mr Gamble website.