Tether is one of the most popular cryptocurrencies around. One of the reasons for this is that it is a ‘stablecoin’. This means that it tries to provide the stability of a fiat currency by pegging, or ‘tethering’ it to a major fiat currency like the USD.
When you combine the versatility of cryptocurrencies with the stability of fiat currencies and incorporate this into the world of online casinos, it could be considered a match made in heaven. In this article, we’ll take a look at new Tether casinos, where to find them, and how they work. We’ll also give tips on Tether betting and then finish off with some FAQs about USDT casinos.
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What is Tether?
As a way of avoiding the high volatility of cryptocurrencies, people use ‘stablecoins’. Tether (USDT) is one of these. It’s a digital currency whose value is directly pegged to the United States Dollar and is 100% backed by Tether’s reserves.
It was first launched as RealCoin in mid-2014, then renamed Tether later that year. The stablecoin was created on the Bitcoin Blockchain, but it now supports multiple blockchains including Algorand, Ethereum, and Solana. In 2022, Tether was one of the 5 biggest cryptocurrencies, usually trailing behind Bitcoin and Ethereum.
The top three reasons for Tether’s growth in popularity are:
- USDT is a digital coin with the stability of a major fiat currency and all the benefits of a cryptocurrency.
- Because Tether is a digital coin it has lower transaction fees than fiat currencies.
- In common with many cryptocurrencies, Tether allows users to be anonymous, as it does not share any personal information with third-party organizations such as banks.
Gambling at new Tether casinos
When you decide to join one of the best new Tether casinos, there are a few things to keep in mind. First, it’s clear from the above that they are many benefits to choosing USDT casinos. Factors such as site speed, the range of games, and the ability to make payments with USDT are just some of the benefits.
Before you start playing though, you need to know how to join the best USDT casino and start Tether betting.
How to join a USDT casino
- Research available crypto casinos that are licensed to operate in your jurisdiction. It’s important that you join a casino that has local regulations. This way, your rights as a customer and player on the site are legally protected.
- Read reviews to find out what the user experience of the site is for other players. The reviews will give you details about it’s like to place bets, play games, and get your withdrawals in the online casino.
- Once you have found the casino for you, click “join” to create a new Tether casino account. This process is usually quick and simple. You only need to provide a name, email, and password. There might be a request to verify your account by completing the KYC (know your customer) process. This will require that you provide proof of ID and residence.
Depositing and playing Tether games
Now that you have a USDT casino account, it’s time to add funds to the account. Head to the cashier section and select deposit. From there, you’ll be presented with different payment methods. Pick USDT and follow the instructions.
You’ll need to have some USDT in your personal crypto wallet. If you don’t, you will need to buy some. Once the USDT is available, transfer them from your wallet to the casino.
Within a few minutes, the Tether should be in your casino account and ready to be used for betting on games. A good casino will have plenty of games for you to choose from. Some of the best games to play at a Tether casino are:
- Live table games such as baccarat, blackjack, craps, and poker
- Slot machine games and jackpot slots
- Game-show-based games
- Lottery and scratch cards
Tips on Tether betting
Since USDT betting is newer than other traditional gambling with fiat currencies, it might be confusing for some people. However, this doesn’t have to be the case. Here are some quick tips for tether gambling to keep in mind.
Licensing
Make sure that the USDT casinos you’re looking to join have been registered to operate with a recognized governing body. This information is present at the footer of the casino’s website. Some of the most respected authorities are the United Kingdom Gambling Commission (UKGC), Curaçao Gaming Authority, and the Malta Gaming Authority.
Range of games
Having a wide range of games to choose from when betting is important. That’s because we all have different gaming preferences, and knowing that your favorites are available is important. Some people like slots that have a specific theme, while others prefer skill games. All reputable casinos will have a wide selection of games from the world’s top providers.
Payment options
Then, of course, you want to make sure they have Tether as a payment method. That way you’re able to play using USDT, and also withdraw your winnings in this cryptocurrency. But also, it’s always good to have alternative payment options available, just in case you’re unable to use USDT.
FAQs
What are the benefits of USDT betting?
The biggest advantage of using USDT for betting is that you get to enjoy the benefits of using digital coin payments without the volatility of cryptocurrencies. That means you could benefit from lower transaction fees and fastest transaction times.
Are Tether casinos safe?
Casinos that provide USDT payments are some of the safest around. That’s because you don’t have to provide personal banking details when you make Tether payments. All you need is the casino’s wallet address, which you enter into your personal wallet in order to make the payment.
Do USDT casino sites have customer support?
The best USDT casinos will have reliable and fast customer service. To assess what good support looks like, check how many methods of contact are available. Generally speaking, the more options available, the better. They should have email, a phone number as well as live chat support. Then, also check that they respond to queries quickly. The best casinos will respond to live chats within a few minutes.