Best Tether USDT Online Casinos 2024

Table of Contents

Digital currencies continue to disrupt every industry, including the online gambling space. New cryptocurrencies creep up regularly, with Bitcoin still leading the charge. However, the likes of Tether offer an alternative with several benefits to consider. Today, there are plenty of Tether casinos offering a variety of games. However, what stands out with this digital currency is its stability since it’s pegged against the US dollar. In this guide, we will explore more about Tether, including how to create an eWallet to store your coins, deposit and withdraw at Tether casinos, and associated fees and limits. Once acquainted with this payment method, you can choose from one of the listed Tether casinos on this page to enjoy your favourite games. 

General information about Tether

Tether (USDT) is a stablecoin pegged to the US Dollar, providing the benefits of cryptocurrency without the volatility. It was created in 2014 by Tether Limited to facilitate the use of fiat currency in a digital manner, making it easier to transfer and use funds globally. 

Tether is built on various blockchain technologies, including Bitcoin, Ethereum, and Tron, making it versatile and widely accepted. As it’s pegged against the US dollar, the company provides daily updates of its bank reserves to alleviate trust issues among users. However, this aspect remains a hotly contested debate in the crypto world. 

Tether market coverage

Tether (USDT) is widely recognised and used worldwide, making it an ideal choice for online casino transactions. Its universal appeal lies in its stability, being pegged to the US Dollar, and its versatility, operating on multiple blockchain platforms. Some countries where Tether is commonly used include the United Kingdom, Australia, New Zealand, Canada, and Germany. 

With Tether available in so many countries, you can rest easy knowing you can buy USDT for a range of currencies. That includes USD, EUR, CNH, JPY, GBP, INR, and RUB. You can also use other cryptocurrencies such as USDC, XRP, XLM, BTC, ETH, and LTC to purchase USDT. 

How to start using Tether

To start working with Tether, you need a place to store the coins, similar to other cryptocurrencies. A crypto wallet is the ideal storage location, and you can visit one of the many crypto exchanges that support this currency. These include Crypto.com, OKX, and Binance. 

Of course, you must provide your details, including your email address and name. The crypto wallet will then proceed to verify your account. Afterwards, you will receive an email notifying you of your status. 

The next step is to fund your eWallet using your bank account or a crypto exchange. Once you’re ready, it’s time to deposit funds into your online casino account. 

How to deposit to online casinos with Tether

You must find a Tether online casino that fits your playing preference. Thankfully, many sites today accept USDT, and shouldn’t be a tough find. Alternatively, you can skip past the tiring and boring task of scouring the internet, and scroll through our list of the best Tether casinos. 

• Provide your details to create an account with your preferred gambling site. Afterwards, navigate to the cashier section of the online casino. 
• In the deposit section, find Tether as your banking method. Clicking this option will generate an alphanumeric address. Note that this is a unique identifier for the casino’s account, much like how a bank account works. 
• Copy this address as it is and paste it into the destination address box in your eWallet. Many online casinos also have a QR code you can scan to deposit funds. Next, specify the amount you wish to transfer. 
• The funds will be available in your online casino account within seconds, and you can start playing your favourite games. 

How to withdraw from online casinos with Tether

You can also withdraw your winnings using Tether, and it’s a simple and fast process. 

• Navigate to the cashier section and load the withdrawal page. 
• Choose USDT or Tether from the list of cashout methods. 
• Next, copy your eWallet’s address and paste it into the required field on the withdrawal page. 
• Enter the amount you wish to withdraw and authorise the transaction to initiate the withdrawal.

Similar to when you deposit using Tether, you will receive your withdrawal within minutes. However, this will be after the casino’s security period. 

Tether transaction times and fees

Tether might be pegged against the USD, but it’s not under the same regulations as fiat currency. This allows for fast transaction times since no regulatory approvals are required. Usually, transactions when using Tether are instant. 

However, it’s worth noting different Tether casinos have different withdrawal times. Most of these operators have a security period lasting between 24 and 48 hours. Afterwards, you will receive your funds instantly. 

There are two types of fees to consider: the exchange fees charged by the platform and network fees (also known as gas prices). For the former, you could incur a percentage of the overall amount transacted or a fixed fee regardless of the amount you transact. The numbers involved vary from one eWallet to another. Still, the amount you pay as fees is lower compared to using fiat methods. Furthermore, the best Tether casinos don’t impose fees when depositing or withdrawing funds.  

Tether casinos pros and cons

Tether may be a fantastic alternative to fiat currencies and other cryptocurrencies, but it’s not without blemish. Let’s explore the pros and cons of using USDT at real-money Tether casinos:

Pros

• Players benefit from its stability since Tether is pegged against the US dollar. That means 1 USDT is always worth $1. 
• With no central regulator, you can expect to complete your transactions to and from your Tether casino account in seconds.
• Players enjoy plenty of anonymity when using Tether since there’s no need to provide your name or bank account when transacting.
• One of the biggest perks players enjoy when using Tether is the low fees when depositing or withdrawing funds. Players are only required to pay network and platform fees.
• Tether is available worldwide without any restrictions.

Cons

• Tether continues to battle accusations of limited reserves to back up the available USDT in circulation, thereby eroding some level of trust among players. 
• Tether (USDT), like many other cryptocurrencies, is unavailable in many online casinos.  

Conclusion

The introduction of Tether payments in online casinos is a fantastic shift in the iGaming industry. This payment option allows players to transact in a secure, efficient, and convenient way. Furthermore, using Tether offers stability, allowing you to enjoy the advantages of crypto casinos without risking volatility. Now that you know how to deposit and withdraw funds, the fees and time limits associated with this payment method. And as cryptocurrencies continue to gain popularity, Tether casinos provide a solid solution for players looking for stability coupled with all other perks associated with cryptocurrencies.