In the digital finance world, USDT (the digital US dollar) is rapidly gaining momentum. This is evident not only from the increasing volume of transactions and media attention, but also from the growing number of companies, especially in the online casino industry, that are actively incorporating Tether as a payment option alongside other popular cryptocurrencies.
However, it’s important to remember that not all crypto casinos are the same. Our goal is to guide you to the best brands. To this end, we’ve conducted comprehensive testing of numerous cryptocurrency online casinos and have prepared a ranking of the best for you, presented below.
In each of the casinos we recommend, you will find stable platform performance, guaranteed security, licensing, and fairness. Additionally, they offer a rich assortment of games that meet all the requirements of the modern player. These key factors make them the ideal choice for gambling enthusiasts.
What is Tether or USDT
Tether, known in the crypto community as USDT, might not be familiar to every casino player, but its popularity in the world of cryptocurrency trading is growing. This makes it an increasingly sought-after option for transactions in crypto casinos. It deserves detailed consideration, so our readers can delve deeper into the world of gambling using Tether.
First and foremost, Tether is a stablecoin, meaning it is pegged to the US dollar. This property provides relative stability in value, unlike more volatile cryptocurrencies such as Bitcoin and Ethereum. Often referred to as a “digital dollar” due to this linkage, Tether represents a reliable asset. However, it is worth noting that the US dollar itself is subject to fluctuations, but we will discuss this in more detail later.
In the context of cryptocurrency trading, Tether may seem less attractive to those seeking quick profits due to its stability. However, it is this stability that makes it an excellent choice for use in gambling. With Tether, you can be assured that the value of your deposit will remain stable, a key factor when playing in cryptocurrency casinos.
Why Tether Conquered the World
Tether, a cryptocurrency firmly anchored to the US dollar, has become an integral part of many sectors, surpassing the bounds of online casinos. Notably, investors in coins like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin often choose Tether (USDT) for exchanging into other digital currencies.
This choice is driven by the same reason Tether is popular: stability. Investors value the ability to buy or hold USDT, knowing that sharp price fluctuations are not anticipated. Indeed, instability is a stumbling block for investors in Bitcoin, where the price can dramatically change within hours. Of course, this is great news for those who know how to play this game. But many prefer to avoid risks, and this is where stablecoins like Tether come into play.
Interestingly, EURt, another stable coin from the creators of USDT, is based on the euro, not the dollar. Today, online casinos working with EURt are rare, but it’s quite possible that this will change soon. Similarly, the situation is with USDG, known as Tether Gold. This cryptocurrency is pegged to the price of gold, with one token equaling the value of one ounce of gold.
How to Use Tether in Online Casinos
Using Tether in online casinos is becoming an increasingly popular method for deposit and withdrawal, and here’s why – banking operations with Tether are as simple as with any other cryptocurrency. This process is familiar to those who have already used cryptocurrencies, and for beginners, the learning will be easy and intuitive.
- Choosing a casino: Start by acquainting yourself with our recommended crypto casinos and select one that suits you.
- Registration: Creating an account in most crypto casinos takes less than a minute and requires minimal personal information.
- Deposits: Log into your account, go to the cashier section, and choose Tether (USDT) for deposit. Use the QR code or unique wallet address to transfer funds.
- Transaction confirmation: Tether transactions require 12-14 confirmations in the blockchain, which can slightly delay the crediting of funds.
- Account currency: Most online casinos use US dollars to display the balance, making it easier to manage funds when using multiple currencies.
- Betting and payouts: Gaming bets are usually stated in US dollars, but payouts are made in Tether.
- Ease of fund withdrawal: The withdrawal process is as simple as deposits. It’s important to thoroughly check the address and amount of the transaction.
- Always ensure the accuracy of the data entered.
- Keep your wallet information secure, as even Tether cannot help in case of a mistake.
Thus, using Tether in online casinos is a convenient and secure way to enjoy gambling, combining the simplicity of traditional banking operations with the benefits of cryptocurrencies.
Importance of Different Networks for Tether
Tether (USDT), utilized across various blockchain networks, stands as one of the most versatile and widely used stablecoins. The most notable networks supporting USDT include:
This is the most common version of USDT, utilizing the ERC-20 token standard on the Ethereum blockchain. Given Ethereum’s high popularity and extensive ecosystem, this version of USDT is most frequently used in trading and DeFi projects.
The USDT version on the Tron blockchain offers lower fees and faster transactions compared to Ethereum, making it popular among users seeking more efficient transactions.
Initially, USDT was launched based on the Omni Layer protocol atop the Bitcoin blockchain. This version is less popular now due to higher fees and slower transactions in the Bitcoin network.
Binance Smart Chain (BEP-20)
Binance Smart Chain offers another alternative for using USDT, providing fast and cheap transactions, appealing to users of Binance and its ecosystem.
Algorand, EOS, and Other Networks
USDT is also available on other blockchain networks, including Algorand and EOS, expanding its accessibility and versatility.
The importance of different networks for Tether (USDT) and accuracy in their use in online casinos play a crucial role for several reasons:
Optimization of Fees and Speed
Different networks offer various transaction fees and speeds. For example, Ethereum provides broad compatibility and security but can suffer from high fees during peak times. On the other hand, Tron and Binance Smart Chain offer faster and cheaper transactions. Choosing the right network can significantly save time and money.
Compatibility with Wallets and Platforms
Not all wallets and exchange platforms support all versions of USDT. Sending USDT to an unsupported network can result in the loss of funds. Therefore, it’s important to ensure that both the sender and recipient use the same network.
Liquidity and Availability
Some networks may offer better liquidity for USDT, especially important for large transactions or trading on exchanges. Choosing a more liquid network can facilitate quick transaction execution.
Regulatory and Security Considerations
Different blockchains may have various levels of security and may be viewed differently by regulatory bodies. This can impact the decision on which network to use based on individual security requirements and legal considerations.
User Preferences and Convenience
Depending on personal preferences and needs, users may choose networks that best suit their purposes, whether for trading, investing, or simply holding funds.
Therefore, accuracy in sending USDT through different networks is critically important. Sending tokens through the wrong network can lead to irreversible loss of funds, as tokens may be sent to an address that cannot recognize or process them. Hence, it’s always vital to double-check that both the sender and recipient use the same version of USDT.
Purchasing Tether Coins
Tether, unlike other cryptocurrencies, is conveniently purchased on standard cryptocurrency exchanges. This token, known for its 1:1 ratio with the US dollar, is now widely available and easily exchanged for euros, British pounds, Canadian dollars, and other fiat currencies.
To purchase Tether, you need to create an account on one of the leading crypto platforms. Based on our experience, we recommend platforms such as Coinbase, Exodus, Binance, and Bitpanda for their high level of service and security.
Registration on these platforms is simple and quick. With support for multiple fiat currencies, they provide flexibility in trading. Moreover, they allow you to explore other cryptocurrencies, such as Ethereum, Litecoin, and Bitcoin.
A tip for beginners: if you don’t have a crypto wallet yet, many reputable crypto casinos offer links to third-party services, such as MoonPay, where you can purchase cryptocurrency to start your journey in the crypto world.
Don’t limit yourself to one trading platform or wallet. It’s important to compare a variety of verified providers, considering differences in fees, especially if you plan to conduct many transactions. In addition to saving on fees, pay attention to the transparency and fair terms of the service.
An important point: each USDT is backed by a dollar, ensuring its stability. However, every coin owner must take care of the security of their funds themselves. The best way to protect against hacking attacks is to use a cold wallet, which should be kept safe and confidential to prevent unauthorized access.
Pros and Cons of Tether in Online Casinos
The question of the advantages and disadvantages of gambling in online casinos using Tether often concerns players. Let’s consider the key aspects, starting with the advantages.
- Price Stability: The main thing valued in Tether (USDT) is its price stability. Playing in a casino with Tether, you are protected from sharp exchange rate fluctuations, reducing the risk of losses in exchange operations.
- Security for Large Bets: If you play big and, for example, deposit $5000 in USDT, you are not afraid of market fluctuations, 1 USDT is always equal to $1 USD. Unlike Bitcoin (BTC), where the value of the deposit in your account can change along with your game, increasing risks.
- Transaction Security: Tether combines the advantages of cryptocurrencies, including enhanced transaction security, especially when supported by the casino with two-factor authentication.
- Transaction Speed: Payout speed is another significant advantage. But remember, cryptocurrency does not exempt you from bonus conditions when withdrawing funds.
- Limited Acceptance: Despite the growing popularity of USDT, not all online casinos accept it. For example, leading gaming platforms, such as Bitstarz and Lucky Days, do not yet support Tether.
- Limited Investment Potential: While the stability of USDT is its strong point, it can also be a limitation for those looking for investment opportunities. For significant growth in the market, USDT is not the best choice.
Tips for Our Readers
Using USDT (Tether) in online casinos does not involve any special nuances compared to other cryptocurrencies. However, for effective and safe gaming, we recommend following these tips:
- Choose casinos with USDT bonuses: Select a platform that offers attractive bonuses specifically for USDT transactions.
- Comparative analysis: Don’t limit yourself to just bonuses. It’s important to compare games, promotional activities, and customer service quality.
- Save on fees: For transactions, choose a crypto wallet with minimal commission.
- Deposit and withdrawal limits: Pay attention to the platform’s maximum and minimum limits for depositing and withdrawing funds in USDT.
- Monitor the dollar exchange rate: Keep an eye on the exchange rate to profitably purchase USDT.
- Set limits in the casino: Determine loss and betting limits to more effectively manage your budget.
By applying these recommendations, you’ll increase your chances of success and approach online casino gaming more responsibly.
Top Tether Casinos FAQ
A stablecoin is a type of cryptocurrency that is pegged to the value of a more stable asset, such as the US dollar. This provides less volatility compared to other cryptocurrencies, making stablecoins a popular choice for transactions and investments.
Payments in Tether may incur a fee, but it is usually lower compared to traditional bank transfers or payments with other cryptocurrencies. The size of the fee depends on the platform used and the type of transaction.
USDT can be purchased on most cryptocurrency exchanges, such as Binance, Coinbase, and Kraken. After purchasing, it can be stored in a personal cryptocurrency wallet, whether it’s a hardware wallet, software wallet, or a wallet provided by the exchange.
Using Tether in online casinos is considered relatively safe as it ensures anonymity and data protection. However, it’s always important to ensure the casino has a good reputation and appropriate licenses.
To check the reliability of a casino working with Tether, look for user reviews, licensing and regulatory information, and the level of transparency and user support it offers.
Some online casinos may offer special bonuses for users who make deposits in Tether, including welcome bonuses, deposit bonuses, free spins, and other promotions. The terms and availability of such bonuses vary depending on the casino.