Tether casinos are attracting players from all over the world that would like to have access to the benefits of virtual currencies without being exposed to their large volatility. This is why one of the best ways to play is by using USDT at online crypto-friendly casinos.
Tether is the largest stablecoin in the world. Compared to other virtual currencies, USDT has its value tied to the US dollar (USD). For example, each USDT coin has a price of $1 and this always remains this way.
USDT can now be used at gambling websites as it offers the advantage of most cryptocurrencies but without the massive volatility that Bitcoin, Ethereum, or other digital assets experience.
Users can deposit and withdraw Tether and play their favorite games in just minutes. Everything would be as smooth as playing with digital assets but with the peace of mind that the price of USDT would remain close to $1.
That being said, in this guide, we will share with you all the things you should know about Tether casinos, why they are important and how you can start playing on them.
💡 How does Tether work?
Tether is known for being a stablecoin. Stablecoins are digital currencies that are pegged to a specific fiat currency, for example, the USD or EUR, but there are many others in the market.
USDT works like any other virtual currency. Users can hold, send and receive USDT as they would any other virtual currency. This currency has been issued on top of different blockchains being Ethereum (ETH) and Tron (TRX) the most popular ones.
When you play at casinos that support Tether, you will be able to deposit your coins as you would normally do with other virtual currencies. In this case, if you want to deposit $2,000, then you should send 2,000 USDT coins.
Once your funds are deposited in the casino, you would be able to play a wide range of USDT games as you would normally do with fiat or digital assets. Tether transactions are usually processed in minutes or seconds, depending on the network used. When there’s a lot of congestion, rather than using the ERC-20 version of USDT, you can use the TRC-20 version.
👉 How to buy Tether?
Buying Tether shouldn’t be a difficult task. You would be able to purchase this virtual currency at most of the cryptocurrency exchanges that are currently available around the world. Depending on the platform you use, you can buy USDT with debit or credit cards.
When you buy USDT at a crypto exchange, you would have to pay a trading fee and also a withdrawal fee. Sometimes, you can also purchase Tether using different wallets that would let you reduce the fees paid to the crypto exchanges. Moreover, it is also safer to hold your USDT coins using a wallet rather than an exchange.
Additionally, when you use a cryptocurrency exchange, you would also get access to many other crypto-related services. You might be able to stake other digital currencies, borrow funds and also lend out your cryptos. This is the reason why these platforms became so popular.
Once you have purchased your USDT coins, you can send them to the online casino in which you want to play. This can take some minutes and the process is relatively simple.
🛡️ How to properly store Tether?
Now it is time to store our USDT coins. As they follow the same logic as a normal cryptocurrency, we should store them in a crypto wallet. Although we can have them in a cryptocurrency exchange, it is usually recommended to withdraw them to a wallet.
At the moment, there are dozens of good wallets that offer support to Tether (ERC-20 and TRC-20). This would let you send, receive and handle your USDT coins anywhere you are and be in control of your funds.
If you are a long-term holder of USDT, then you can easily store them in a hardware wallet. A hardware wallet is the safest way in which you could save your coins. Instead, if you want to use Tether on a regular basis, then, a good choice would be to use a software wallet that can be downloaded to your smartphone or desktop.
Another positive thing about using a crypto wallet to store your USDT coins is related to the fact that you do not have to pay a withdrawal commission every single time that you send funds. If you want to play at Tether casino, then you will be sending USDT regularly to it. By using an exchange, you would have to pay a fee every single time you request a withdrawal, this does not happen with crypto wallets.
↔️ How do USDT deposits and withdrawals work?
As you want to play casino games using USDT, then you should deposit funds to the Tether-friendly gambling site. But how to do so? The process is quite simple and it shouldn’t require you to learn lots of things about digital currencies.
If you are a user of Bitcoin or Ethereum, then the process is quite familiar and easy. Instead, if you are new to the crypto market, you should first know how to receive and send funds.
To deposit funds on the online crypto casino, you would have to select the “Deposit” tab and select the USDT payment option. Make sure that you are depositing funds to the right address. If you do not know if you are dealing with an ERC-20 or TRC-20 wallet address, you should contact the customer support team, as they would be able to help you with your deposit.
Once you know the type of wallet address you are handling, you should send your USDT funds by copying the wallet address given by the casino and pasting it in your wallet on the recipient’s address. Make sure that the address is identical to the one shared by the gambling platform, a minimum error could result in your funds being lost forever.
The transaction should take just a few minutes and you would be ready to play as soon as it arrives.
🎲 What games can you play with USDT?
Nowadays, crypto casinos support a large number of games, including slots, live casino, table games, and more. However, you should make sure that the platform you are using supports USDT and that it has games that let you effectively play with Tether.
Some casinos would have a larger number of games to play than others. It is up to you to decide the website you select to play on. Remember that online casinos are required to have a license to operate and get partnerships with game providers.
Most crypto online casinos that let you deposit USDT and play with this stablecoin have a Curacao license. These licenses are very useful as they let the casino get access to some of the most popular games created by software providers.
Depending on the license and how large the casino is, you will have a larger section of games to select from. Remember that not all the games that you want to play would be available for Tether gambling. Despite that, you are likely to find games from each of the major categories (slots, live, and table games).
🪙 What coins can be used for gambling besides USDT?
There is a large number of cryptocurrencies that are already being used by players at several cryptocurrency casinos. The most popular of these digital assets include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE). These are just some of them, but many casinos have even a larger selection of coins.
Bitcoin is the most popular cryptocurrency in the world. It is now used as a store of value and it became legal tender in El Salvador. Several companies have acquired this digital asset but players can also use it to play at online casinos. The coin is not the fastest or the cheapest, but it is the most widely available virtual currency in the world.
Ethereum is also a recognized cryptocurrency and the second-largest in terms of market valuation. Ethereum allowed developers from all over the world to create and deploy smart contracts on its network, this is why it became so popular. Users can deposit ETH at online casinos and play a wide range of games. Depending on the congestion of this network, the fees can be higher or lower.
Litecoin (LTC) and Dogecoin (DOGE) are also among the oldest virtual currencies in the world. These two cryptos are widely available, they are easy to use, cheap and fast. If you want to enjoy crypto casinos and avoid paying large amounts of money on deposit and withdrawal fees, these are the best coins you can use.
🔎 KYC in Tether casinos
Now it is time to talk about know-your-customer (KYC) procedures at Tether casinos. You should know that KYC verifications are already a standard thing for gambling websites, no matter if you play with Bitcoin, USDT, or fiat currencies.
International regulations and licensing contracts require the casino to perform KYC checks to fight against money laundering and underage gambling. The process changes according to the platform. Many websites would request you to share private data as soon as you register to the platform. Other casinos might not require your information at all.
Some Tether casinos can request you to complete a KYC check when you surpass a certain gambling threshold (for example, after you withdraw more than $2,000). Other platforms might prefer to start a check as soon as you request your first withdrawal.
You can easily find the KYC policy of each casino by checking on their Terms and Conditions (T&Cs) or requesting additional information from customer support.
✔️ How to choose the best Tether casino to play
There are different tips that you can follow to choose the best USDT casino to play.
Reputation
When searching for a casino, you must make sure that it has a good reputation. You don’t want to play and deposit funds on a website that delays withdrawals or that has issues with deposits.
You should check whether the platform has solved previous issues and if the comments you find are usually positive.
Terms and Conditions and country check
Every single time you decide to open a casino account to play online, you should read their Terms and Conditions (T&Cs). That means that you must make sure that you are not breaking any of their terms (voluntarily or involuntarily).
One of the things you should always check is whether your country is not restricted. Some countries are restricted from playing at Tether casinos.
Games
The number of games and their availability for Tether players is a key thing. You should search for a casino with a large number of games that support USDT. You can always check the game providers that are working with the platform.
Welcome offers and loyalty programs
Casinos are also offering different welcome bonus offers and loyalty programs to retain and attract new users. The welcome offer should be considered as a plus rather than as the most important thing. You should try understanding whether the welcome offer is beneficial for you or if it just pushes you to spend and wager your funds.
The loyalty program should also be easy to follow. Most of the levels should be easily achievable but they should also be engaging for the players. It is up to you to decide which type of casino you play on.
Withdrawal fees
Finally, you should check and confirm with the casino customer support whether the withdrawals have a fee or not. If they do not have additional fees, this would be very positive as you would only pay for the network transaction. If instead, they have an additional fee, you should try searching for the casino with the lowest withdrawal fees.
👍 Pros and cons of Tether gambling
There are different positive and negative aspects of playing with USDT at online casinos:
Pros
- It is not volatile as other virtual currencies
- Tether works as a cryptocurrency (it has its benefits)
- USDT is widely available on a large number of exchanges and casinos
- It is the largest stablecoin in the world
- Many game providers are offering their games for USDT players
Cons
- It might be difficult to use for newcomers
- Some casinos might not offer support to it
- USDT transfers could have higher fees on the Ethereum network