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If you’re interested in the idea of wagering using cryptocurrencies, but you’re wary of the process, a Tether casino could be your ideal starting point.
Unlike other digital currencies, such as Bitcoin and Ethereum, Tether isn’t decentralised, and it’s an asset linked to the US dollar. That means each Tether token – or USDT as it’s also known – is valued at $1 – although there are no guarantees. I’ve been exploring its pros and cons as well as examining why it’s such a popular choice for bettors.
It would be nice to think we’re at liberty to spend our hard-earned cash wherever and however we choose, but it turns out that’s not necessarily the case. It depends on your jurisdiction of course, but many of us will know the unique frustration that comes from having a card or bank payment declined when you’re trying to register at an online casino.
That’s not a problem you’ll ever experience at an online Tether casino though. Otherwise known as USDT, Tether is a cryptocurrency, similar to the better-known Bitcoin. But unlike other digital currencies, Tether’s value is tied to the US dollar, which makes it a stablecoin. Don’t be misled by the term though – the US government has in no way endorsed the asset, and the cryptocurrency’s owners have admitted that they don’t necessarily hold exact reserves. As with all cryptocurrencies it’s essentially a case of going into it with your eyes wide open.
There are all sorts of reasons why you might want to consider using Tether to deposit funds into your online casino account, but these are likely to be the main ones:
Cryptocurrencies are extremely volatile, but the fact that Tether is a stablecoin means it’s much less likely to be subject to dramatic increases and drops in value than Bitcoin and other altcoins.
Tether operates much like any other digital currency, so you store it in your personal wallet and only use the transaction keys when moving the asset between wallets. That gives you far more control than when using bank accounts or cards.
Where and how you send your Tether is strictly between you and your digital wallet. Unlike financial service providers, there’s no record maintained of how and where you use your USDT.
Unlike most other cryptocurrencies, Tether is exceptionally easy to understand and use. 1 USDT is worth $1, making it an ideal option for anyone wanting to access online casinos in a safe, secure and anonymous way, without any unnecessary complications.
It’s not always the case, but some crypto casinos reduce their house edge thanks to the lower costs involved in maintaining the platform. Removing banks and other financial providers from the casino equation often leads to higher RTPs and enhanced bonuses.
The blockchain isn’t just for digital currencies like Tether. It’s also the basis for many new games which are taking the online casino world by storm. Check out the many variants of Crash and Plinko which are usually to be found in any good Tether casino.
Another big plus point for bettors playing Tether casino games is the speed at which transactions are completed. There’s no contest in terms of withdrawals when compared against card and bank payments, which can take several days to process. But even among other cryptocurrencies, Tether is one of the fastest options as the following table highlights.
Cryptocurrency | Abbr. | Withdrawal time |
---|---|---|
Tether | USDT | 1 – 10 minutes |
Ethereum | ETH | 5 – 15 minutes |
Litecoin | LTC | 10 – 20 minutes |
Dogecoin | DOGE | 10 – 30 minutes |
Bitcoin | BTC | 2 – 24 hours |
Although a blockchain casino is a good option for bettors who want to stay safe and anonymous online, I wouldn’t ever want to give the impression that a Tether casino comes with any kind of a guarantee. There are inherent risks involved in wagering on games of chance, which is the big attraction, but it’s essential that you understand the potential financial fluctuations involved with digital currencies, even when tied to a fiat currency.
Tether is owned and managed by the organisation of the same name, so it’s important not to be misled into thinking it’s an asset in any way endorsed by government agencies. It’s also not as well established as Bitcoin and Ethereum, so it’s yet to build up the long-term reputation that these cryptocurrencies already have.
We’re all probably looking for very different things when we sign up to an online casino. I usually head straight for the slots, and if there’s anything from the studios of Hacksaw Gaming and NoLimit City, so much the better! But whether you’re keen to join me at the slot machines, or you’d prefer to head for the blackjack tables, I can certainly point you in the right direction.
I strongly recommend you start by checking out a few Tether casino reviews, which you’ll find right here at GameChampions.com, along with handy guides to making the most of every bonus offer. Remember, cryptocurrencies operate in unregulated markets, so it’s particularly important to make sure you choose a safe and reliable platform. But thanks to the onsite reviews you’ll be able to find out all about aspects such as:
Crypto casinos are subject to fewer regulations than those that support fiat currency transactions. That makes it even more important to ensure that a valid licence from a reputable body is in place.
Less personal information is required at a crypto casino than a traditional fiat currency option. All the same, it’s important to ensure that there’s SSL encryption to protect your data.
How do you like your online casinos? Smooth and sophisticated, or fun and colourful? Whatever your preference, there’s an online casino with Tether payment options that’s sure to be the perfect fit.
We used to have no option other than PCs and laptops for playing casino games, but that’s no longer the case. It’s all about the smartphone these days, and you’ll find crypto casinos are ahead of the curve in terms of mobile-first design. Some platforms also produce apps, but they’re not generally needed.
Where do you go when something goes wrong, a bonus doesn’t materialise or you encounter a problem with a game freezing? The reviews at GameChampions.com highlight the support you’ll find available, including operating hours and how to get in touch.
You’ll have signed up to your online casino to play games, so I always make sure my reviews give you all the information you need. From slots and table games to live dealer tables and more, you’ll have all the details that enable you to pick out your ideal casino partner.
I’m always being asked which is the best cryptocurrency to use at an online casino, but there are so many factors involved, making it a matter of personal choice. But whether it’s Tether, Bitcoin or XRP casinos, my aim is to present you with tried and tested platforms that live up to my almost excessively high standards. By presenting you with the honest facts, pointing out the negatives as well as the positives, you’re better placed to make an informed decision about the best Tether casino that suits your needs right now.
Rather than presenting you with a list of options that could be out of date almost as soon as it goes live, I update the banners on this page to keep up to speed with the best casinos, as well as their current offers and promo codes. If your preferred Tether casino doesn’t feature on this page, then take it from me – it’s best to give it a wide berth and choose an approved platform instead.
Right here at GameChampions.com, where my detailed guide highlights the pros and cons of registering at a Tether casino. You’ll also find insightful reviews and information about casino bonuses, including some exclusive promo codes that unlock additional new player rewards.
Although it’s not difficult to track down several USDT casino options, that doesn’t necessarily mean they’re all equally safe and secure. Whether you’re looking for a legitimate Tether betting site or the best Cardano casinos, the trusted guides and reviews here at GameChampions.com are on hand to help.
Just about all online casinos offer some sort of introductory bonus – even though some of them aren’t widely advertised. I’ve got details of the very latest offers from the top USDT casinos, along with a breakdown of the pros and cons of using a cryptocurrency tied to the US dollar. If you’re considering funding your online casino account using Tether, you need to check this out first.
Users must be 18+. If you are having trouble with gambling then help and advice can be found at responsiblegambling.org