Tether Online Casinos

Cryptocurrencies are currently the most attractive solution among online casino players, and with Tether, players are getting exactly what they want. This is a cryptocoin that actually works as the bridge between fiat and digital currencies. That’s why it is incredibly easy to get started with and use, even though you’ve never used crypto before. It was launched six years after the one and only Bitcoin, with the aim to provide users with what other digital currencies lacked. So, what is Tether and why use it at an online casino?

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Tether FAQs

What is Tether?

Tether is a digital token combining the best of both worlds since it is the bridge that connects digital and fiat currencies. It offers instant transactions as it processes them on the blockchain, and that's the reason why it is so secure and safe to use. Simply put, it is the solution that provides users with the modern movement of money online.

Are there any country restrictions I should know of?

If you visit its website, you will see that it is not available in the US, Iran, Crimea, North Korea, Pakistan, Venezuela, Cuba and Syria. But if a player from any other country in the world, you can rest assured that you will be able to use it, unless your country implements its own rules and laws against cryptocurrency use.

Does its value fluctuate like with other cryptocurrencies?

No, as a matter of fact, no. The company behind it has set ideas and principles, stating that its value will always be equal to the value of the corresponding fiat currency you want to purchase it with. it is highly unlikely that there will ever be a price change.

Are transactions with it reversible?

Considering the fact that this is not a cryptocurrency like others, transactions with it are, indeed, reversible. If you made a wrong transaction, first contact the casino's Customer Support, but if they cannot help you out, then you have its own Support team to contact and get the solution to your problem.

Will I find it across many online casinos?

Sure! Ever since it was launched, this incredible solution has been gaining fans left and right. It is already available across many online casinos, with many more adding it to their lists, so you can rest assured that you’ll be able to find a site you’d like to join fast.

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About Tether

When Tether Limited first launched this solution in 2014, it immediately got the attention it deserved. It created this bridge between fiat and digital currencies, making online banking easier in this modern, digital age. Tether is essentially a cryptocoin, with unique characteristics. In fact, it is the digital equivalent of the US dollar, with an acronym containing the currency, USDT. This is what makes the coin the most stable one among cryptocurrencies since its value will not fluctuate. Well, not at least as the value of other cryptocurrencies does. Sure, if the US dollar’s value ever increases or decreases, USDT’s value will, too, but that’s highly unlikely to be happening often.

In order to clear things out, 1 USDT would equal 1 US dollar. This actually happens because Tether is supported by central banking institutions and those authorities that control fiat currencies. On that note, you should know that the coin can convert into Chinese yuan (CNHT) and euro (ERUT), also with the same value as they are. Since it uses Bitcoin’s blockchain technology, but for greater security and transparency, it uses the Omni platform. And, even though based on Bitcoin’s tech, it is now also available as an ERC20 token on Ethereum’s smart contracts and decentralized applications, due to the added new layer on Ethereum’s blockchain.

Knowing all of this, it should come as no surprise to you that Tether easily entered the online gambling industry, the space where players love playing with both fiat and digital currencies. You will find it across multiple casino sites, offered among all the other cryptocurrencies.

Types of Services Offered

As mentioned, Tether has the role of a mediator, a bridge, a pathway that converts fiat to crypto and vice versa. If you visit its website, you will see that it always offers full transparency, it gives you detailed descriptions on what it actually is and how to use it.

After you explore everything about it, you’ll see that you’d want to get started with it. How do you do that? Well, you would first need to create an account with it, by clicking on the Sign-Up button on its official website. The on-site registration process would be simple, as you would need to enter some basic information about yourself, such as email address, full name, country of residence, username, password, etc. Then, you’d need to accept the Terms and Conditions and proceed to verification. After your wallet has been verified by the team, you would need to top it up with money.

You can fund the wallet with Chinese yuan, euro or US dollars, using any conventional payment method or regular bank transfer. Once the money arrives on the wallet, you instantly get the equivalent of the money you deposited in Tether cryptocoins.

You should know at this point that a fee of 0.1% would apply for the fiat to digital currency conversions. No fees apply for deposits and withdrawals, though, or any other transactions you may want to make with it. Bear in mind that, even though transactions with it are reversible, you still need to be careful when confirming transactions, as the reversals would be subject to some hefty fees.

How to Deposit with Tether?

Explore online casinos, bingo sites, sportsbooks, online poker sites, and among the list of accepted digital currencies, you’ll certainly find Tether. That’s because it has entered deep into the online gambling industry and is here to stay. Players absolutely love the services it offers, as do operators. Therefore, from the hundreds of casino sites available, choose the one you’d want to go with and register an account with it. You would need to provide some basic info about yourself, and then head over to the page where you’d need to choose your deposit method:

Visit the casino’s Banking/Cashier page.
From the list of methods offered, find Tether’s logo and click or tap on it.
Log into your wallet account.
Enter the casino’s wallet address in the designated field.
Specify how much you’d like to deposit.
Confirm the transaction and watch the coins arrive on your casino balance instantly.

Make sure you double-check the addresses, since, even though transactions are reversible, you don’t want to go through that inconvenience and pay unnecessary fees to get your coins back.

How to Make Withdrawals with It?

You would need to go through the same procedure to withdraw your winnings from your online casino balance. Again, you’d need to visit the Banking/Cashier page, choose Tether and then enter the needed wallet addresses and the coins you’d like to cash out.

After the casino approves your request, the coins will arrive on your wallet address. Keep in mind that withdrawals won’t probably be instant, since the casino needs to check whether you have any wagering requirements left unmet, in case you’ve previously claimed some bonuses and promotions.

Country Restrictions and Other Limitations

Tether is actually a global payment solution. But even though available all across the world, there’s still a small list of restricted countries. If a player from the US, Iran, Crimea, North Korea, Pakistan, Venezuela, Cuba and Syria, you cannot use it. These are the restricted countries, but you should also keep in mind that other countries may also have some laws against the use of cryptocurrencies. You would need to check your own country’s laws and rules to figure out whether you can use it.

The fact that it is not available for US players is a real bummer, a difficult limitation, considering the ever-growing list of regulated US markets and legal casinos. Among the other obstacles, we must mention the 0.1% fee that applies for the fiat to digital transactions. Other than these, we couldn’t find any other things that may discourage you from using it.

Advantages and Disadvantages

The benefits you will get for using Tether would absolutely overshadow the drawbacks, that’s for sure. The solution is simply remarkable, especially if you’re an online casino player looking for a method that would allow you to easily convert fiat to digital currencies, for a low fee, and instantly.

The fact that its value equals the value of US dollars, Chinese yuan and the euro, respectively, puts it at an advantage when compared to other cryptocurrencies with constant value fluctuations. USDT, CNHT or EURT’s value is stable, considering it is equal to the value of the respective fiat currencies. Therefore, this cryptocoin is far more stable than any other crypto out there.

On that note, the entire concept behind it is really straightforward, if you think about it. If you explore its official website, you will see that every bit of information you’d ever need about it is right there, across the many pages offered, so this is a fully transparent solution.

But the main reason why you’d love it is because of its unrivalled availability across online casinos. It is offered right there, next to the giants Bitcoin and Ethereum, so you’ll have no problems finding a site to join pretty quick. Speaking of quickness, transactions with it are processed in real-time, therefore, you will avoid the long waiting times that typically apply when you need to convert fiat to digital currencies.

On the other hand, though, we cannot neglect the fact that this conversion would be subject to a 0.1% fee. This fee is not a huge one, but it still exists, so you need to be aware of it. And, not to forget the fee that applies if you request to reverse a transaction. Being as transparent as it is, Tether openly presents the fees along with the other pros and cons the solution comes with on its official website. Another downside is the fact that it is not an option for US players, even though they would greatly enjoy it. The US market is huge, since many new US states are regulating gambling each year, so this is a great loss for all those interested US players.

Final Analysis

If we were to compare the advantages and disadvantages, you will see that Tether is an absolutely amazing solution to use, with only two downsides. The first and more important downside is the fact that fees apply for the fiat to digital currency conversion, of 0.1%, as well as a fee for transaction reversals. The second and less serious is the fact the solution is not available in the US. Interested US players would not be able to use it.

On the plus side, though, there are many things to be mentioned which make it an irresistible solution. The main reason why online casino players choose to use it is that this solution is the best when you need to convert fiat to digital currencies, and use cryptocurrencies for safe, fast and secure transactions. Tether can be used for both deposits and withdrawals.

Add to that the fact that its value is always stable, and you have three currencies to choose from and turn into digital currencies, and there you have it: the solution that gives you a lot of choices, depending on your needs and preferences. It is available across so many online casinos, that you can rest assured that you’ll be able to locate the one that suits you best quickly. Therefore, if you still haven’t tried it, make sure you do. It is super easy to get started with and use, so you won’t regret trying it, not a chance in the world.