Tether (USTD) is a widely used cryptocurrency that is available for deposits and withdrawals across many online casinos. The digital currency is considered a stable coin, this is because it maintains the value of the US dollar, so you don’t have to worry about those mega volatile price movements.
The crypto payment option provides unrivalled security and swift payments, making it one of the most popular cryptocurrencies in the world.
Tether pioneered the fiat-collateralised stable coin model, this crypto provides lots of conveniences because you know exactly how much crypto value is being transacted, whereas, with other cryptocurrencies being volatile, the value may have changed during the transaction process.
Keep on reading to learn more about the Tether payment method.
Tether is a digital cryptocurrency that transacts value through a blockchain. The value of one Tether coin will always be worth one US dollar, remaining stable in price.
Launched in 2014, the digital currency was originally built on the bitcoin network but has since been updated to perform across Ethereum, EOS, Tron, Algorand, and OMG blockchains, making it a versatile crypto payment.
The purpose of Tether is to deliver the unrestricted nature of cryptocurrencies with the stable value of the US dollar. Moreover, this digital currency is available on every crypto exchange, making it easily accessible and widely accepted.
Tether is a crypto payment solution that removes the stress of the famously high volatility of the crypto market. There are plenty of reasons to use Tether as a payment method:
Ultra-Secure: The digital currency is transacted across a secure blockchain, which cannot be breached or manipulated.
Fast payments: All deposit and withdrawal transactions are processed right away, as there is no need for a payments team or bank to verify the transactions, this is done on the blockchain.
Access: Anyone in the world can purchase and own Tether and money can be sent to anyone around the world without restrictions.
Anonymity: Tether does not require users to provide any personal details. All payments are recorded on the blockchain ledger, minus any personal details.
Mobile service: You can also send and receive your Tether funds through mobile devices, you just need to download your crypto exchange app.
Low fees: Tether transactions will have fees and the cost of the fee will be dependent on the network you use, the Tron network is one dollar for any transaction, while the ERC-20 (Ethereum) network, the fees will be higher.
You can get set up with Tether in just a few steps. You can follow these simple instructions below to register for a Tether account:
1. Sign up for a crypto exchange (Binance, Coinbase, Crypto.com etc.)
2. Fill out your personal information, including address
3. Verify your account by phone, email, and government-issued ID
4. Fund your account using your debit or credit card
5. Exchange your funds for Tether (USDT)
6. That’s it. You’re all set to make Tether transactions
Moving funds into your casino balance using Tether is an easy process and fast becoming a popular choice of payment. When using digital currencies to make deposits and withdrawals you don’t have to go through drawn-out KYC processes and the transaction will not require any personal information.
One of the major perks of using Tether as a withdrawal method is that you will not have to wait days and days for your funds to arrive in your account. There is no need for payments to be verified by a person, as this is done on the blockchain, so withdrawal times are complete in under two hours.
It’s always worth checking the bonuses and promotions as some casinos like to dish up more generous offers when you make a deposit using digital currency.
As mentioned, be sure to check out the promotions page before making a deposit, and if you do decide to claim a bonus, always read the terms and conditions.
Making a deposit usually follows the below process:
The withdrawal process is just the same as the deposit process. Unlike other payment options, you can enjoy super-fast withdrawals with Tether. Here is the process of making a successful withdrawal via Tether.
In terms of transaction times, your funds will move from your crypto wallet to your casino balance in an instant. The digital process via the blockchain is fully automated with transactions recorded on the digital ledger, available to the public.
The fees for using Tether will depend on the blockchain network you pick. The Ethereum blockchain gas fees are usually higher than other blockchains such as the Tron blockchain, be sure to get your crypto wallet code from the right blockchain before sending funds, or you could lose the funds altogether.
The Tether cryptocurrency is compatible with a variety of blockchains, including Ethereum, EOS, Tron, Algorand, and OMG, with more likely to join the list in the future. These blockchains act as a distributed database that is shared among the nodes of a wide computer network. As a database, a blockchain stores information electronically in digital formats, such as different transactions.
Moreover, digital currency is digital, so there is no physical currency to lose. The only way you can lose access to your digital currency is if you forget your login details and lose your seed phrase for your crypto wallet.
We are seeing more and more crypto casinos enter this congested gaming market. The attraction of crypto casinos is that it allows players from most jurisdictions to play online casino games. This is due to the lack of verification required. It is also favourable for the casino as it is cheaper for the operator to accept crypto payments over regular fiat payments. The world of cryptocurrency payments is growing by the day and in the future, all payments may be carried out digitally.
You can enjoy the best online slot games and the finest virtual tables, including live dealer tables at many top Tether casinos. These gaming operators collaborate with the most respected game studios, with big names like Pragmatic Play, Microgaming and Yggdrasil Gaming.
The games are all built using HTML5 technology so you can enjoy the thrills and spills on a desktop or from your smartphone or tablet device. We only encourage our readers to play at online casinos that are fully licensed and regulated, so you know that your details and funds are safe and that all games pay out fairly.
There are many alternatives to using the Tether currency, you can take your pick from other stable coins and crypto options.
Here are the best alternatives to this payment method:
Bitcoin: Bitcoin is the original cryptocurrency; this currency offers rapid payments with unbreakable security.
USD Coin: This digital currency is another popular stable coin and will also be the same price as the US dollar.
Litecoin: Litecoin is very much a spinoff from Bitcoin and uses much of the same tech, offering faster payments.
Utilising the technology of digital currencies to fund your real money gaming balance makes a lot of sense. The payment service allows you to transfer funds with unbreakable security and exceptional speed.
The stable coin has become our preferred crypto payment for casino sites because every Tether token is valued at one dollar, so you can rest assured you will not lose value with price volatility.
It’s also worth noting that you should be extra careful when making deposits and withdrawals using Tether and other digital currencies because if you use the incorrect transaction address the funds could get lost in the blockchain. You should also make sure that the minimum deposit and withdrawal amount is met.
1. Why should I use Tether?
Using the Tether digital currency to fund your casino balance provides outstanding security, swift transaction times and you don’t have to worry about price fluctuations that other digital currencies are prone to.
2. Do Tether Casinos offer fast payouts?
Yes. One of the reasons that crypto payments have seen a rise in demand across casino sites is the quick withdrawal times. You don’t have to wait days for the transaction to be processed, it’s transacted in a few seconds over the blockchain network.
3. Can I get casino bonuses when paying via Tether?
Some casino operators offer a bonus for crypto deposits, but usually, these are Bitcoin deposits. You will need to check the terms and see if Tether is accepted for claiming crypto bonuses.
4. Are my details safe with Tether?
Tether, as a payment method, does not require your details. Your personal information will only be needed when setting up an account on a cryptocurrency exchange. So, you don’t have to worry about any personal details being compromised.