Tether Casino is a great way to start discovering the world of crypto gambling. As good as cryptocurrencies are, they have a significant drawback of high volatility. Not everyone likes that the value of Bitcoin can rise or fall by several thousand dollars a day. This problem is especially acute in online casinos. It is not very pleasant when your winnings can suddenly depreciate. To avoid this, you can choose a stablecoin to gamble.
The most popular is Tether (USDT). Its value is pegged to a US Dollar and always stays the same. Tether is a great way to try crypto casinos if you are a newbie. It combines the stability of FIAT currency with blockchain innovations. So let’s dive deeper into the world of Tether gambling.
Tether or USDT (₮) is a type of cryptocurrency called stablecoin. The name here speaks for itself, and the essence lies in price stability. Stability is possible due to the value pegging to another asset like gold, oil, or fiat currencies. The US dollar supports Tether’s value. It means that 1 USDT equals 1 USD.
The creators of Tether assure that for each issued USDT, they have 1 dollar in reserve. Thanks to this balance, the value of ₮1 remains at $1. However, as it turned out, this is not entirely true. In 2019, Tether’s lawyer claimed that the company’s reserves cover only 74% of the issued tokens. So the actual value of Tether is $0.74. Even so, the cost of Tether remains at the $1 level.
Despite all the disadvantages, Tether is the most popular stablecoin and is one of the five largest cryptocurrencies in the world. All this suggests that users trust this payment method. The creators of Tether have already introduced cryptocurrency analogs of the yuan and euro and are planning to continue with T currencies. EURT and CNYT are not so popular in gambling yet, but they surely will in the future.
When an online casino allows players to deposit, place bets, and withdraw using USDT this is a Tether Casino. Only the presence of all three conditions classifies the casino as a USDT casino on this site.
This type of casino is currently not as widespread as Bitcoin casinos or Ethereum casinos, but it is becoming more and more popular. Gambling sites are adding Tether in the hope of luring players away from the fiat casino market. Thanks to the stability of the Tether rate, it will be an excellent option for beginners in the world of crypto gambling.
As for the features of the Tether casinos, they do not differ from the work of other online casinos.
Carefulness is one of the main factors when choosing an online casino on Tether. You should not rush headlong and deposit if the casino offers you a profitable bonus at first glance. It doesn’t matter if you choose a new USDT casino or a well-known one; it is always worth checking everything yourself.
If you want to get only a positive experience and not waste your money, I advise you to pay attention to these points when choosing a Tether casino.
Look for your country in casino Terms and Conditions and make sure it isn’t on the list of Restricted jurisdictions. If it’s there, check the casino policy of the VPN or ask support if you can use it.
Since we are talking about choosing a Tether casino, the first thing you need to check is the presence of USDT. To do this, visit the payment method section, and look for Tether. Or write to the live chat and check with the manager.
Reliability and trust are the most important factors when choosing a USDT casino. No matter how big the casino is and how well-known its brand is, you always need to check what other users say about it. And you have such an opportunity! I advise you to check casino reviews and complaints on the BitcoinTalk forum, Askgamblers, Affgambler, and TrustPilot sites. Or you can check the Trust and Fairness section on my website.
Sometimes it may seem that the casino is not being honest with you, and you are getting ready to unleash dogs on it. You write angry messages in support, leave complaints on specialized resources, and try restoring justice. But suddenly, your complaints are rejected, and the support sends you a link to the Terms and Conditions with the point you have violated. Your money is lost, your mood is ruined, and your casino experience is negative. All this can be avoided by spending a little time reading the rules. If you find a questionable item, check it with support or choose another casino. There is plenty of fish in the sea. A little advice. Always take screenshots of correspondence with support and questionable points of the terms and conditions.
Provably Fair Games like Dice and Crash allow you to verify if the result of the game round was truly random. If Tether casino sites offer such games, it’s a good sign.
In the world of crypto gambling, Tether is gaining popularity more and more. Although many online casinos allow users to bet with USDT, getting a bonus in this crypto is not always possible. But this trend is losing its relevance. More and more online casinos add Tether promotions. The casino offers Welcome Bonuses in Tether, but sometimes you can find cashback and no deposit bonuses. Don’t forget to check the full list of actual Tether Bonuses.
Stability: Tether pegged to the dollar so you always know how much it costs. You don’t have to worry if you lose part of your winnings because of volatility.
Security: Tether’s blockchain is one of the most reliable on the market. Conducting transactions with the casino, you can not worry about the safety of your funds.
Low fees: there are almost no fees when making deposits or withdrawals.
Fast transactions: Tether uses the Ethereum blockchain which is tested, fast, and well-developed. Deposits and withdrawals will be instant.
Low min deposit: sometimes you want just to test the casino and don’t make a big deposit. Tether allows you to deposit $1 or $5 and play with low stakes.
Doesn’t require deep tech knowledge: it’s very simple to start using Tether. You don’t need to have special knowledge, and even if you are non-tech at all you won’t have any problems.
Easy to convert bets/winnings: it may seem unimportant, but for your brain, it will be better to perceive the rates in the USDT because they do not despair of dollar rates.
Bonus offers: if you compare the bonuses of the Tether with other cryptocurrencies, they will not be so impressive. If it is not difficult to find a 1 BTC bonus, then even a 10,000 USDT bonus is extremely rare.
Lack of focus on Tether: All crypto casinos that accept USDT are not very focused on this particular cryptocurrency. Many brands pay more attention to Bitcoin or Ethereum. In some casinos, you can even find games in which you cannot place bets in Tether. And there is still no casino that will be a pure Tether Casino.
I present a quick checklist for preparing a game at Tether Casino to your attention.
Buy USDT. If you still don’t have Tether you need to buy them. The easiest way would be to use an exchange. Create an account in Binance, finish the KYC procedure, and buy tokens using the credit card.
Create Tether Wallet. You need a place where you will store purchased tokens and future winnings. Of course, you can use your account on the exchange, but I do not recommend doing this. The exchange may have problems at any time, and your funds will be frozen or lost. The best solution would be to create a wallet. A software wallet is perfect for playing in a casino.
Choose the casino. Choose a good Tether casino site using the simple guide I left above.
Register an account. Once you have made your choice, you can register. It’s very simple, and there shouldn’t be any problems with it. I recommend that you go through verification immediately to avoid problems with payments in the future.
Make a deposit. Transfer USDT from your wallet to your casino account. Once the funds are credited you are ready. All that remains is to choose a game and try your luck!
Tether casinos are online casinos that allow you to deposit, place bets and withdraw in USDT.
Roughly speaking yes. If casinos and cryptocurrencies are not prohibited in your jurisdiction, you can place bets in USDT.
Yes! You can find the list of Tether Casinos on this page.