Best Tether Casinos

Tether (ticker: USDT) is currently the major stablecoin available in the cryptocurrency market. Stablecoins are blockchain-based digital currencies that maintain a stable market value. Crypto-friendly gambling sites like Tether Casinos allow players to preserve all the benefits of crypto transactions without volatility risks. USDT’s value always remains $1, no more, no less. Stablecoins generally maintain their value by holding reserves of popular state-backed currencies like the Dollar, Euro, Yuan, British Pound, etc. Apart from being a useful tool for crypto traders, they hold many other practical use-cases, like online gambling transactions. The otherwise complex crypto bankroll management will not be an issue at all while still enjoying low-profile gambling and financial transactions.

List of Top Rated USDT Casinos

Crypto-friendly brands noticed the growing popularity of stablecoins, and an increasing number of online casinos are adding USDT as a payment method. While the most popular cryptocurrencies like Bitcoin and Ethereum still take the bigger slice of cake, many fine Tether Casinos are now around. Apart from excellent casino products, our top picks offer juicy crypto bonuses, high percentage cashback promotions, and speedy withdrawals. Feel free to check their dedicated reviews for further information.

GlobalList of USDT Casinos
Bonus Wagering Rating
22Bet Casino Bonus 22Bet Casino Bonus
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x50
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Casitsu Casino Bonus Casitsu Casino Bonus
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Cryp2Slots Casino Bonus Cryp2Slots Casino Bonus
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Lilibet Casino Bonus Lilibet Casino Bonus
x30
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Multiple Tether Networks

tether logoBefore further analysis, we have to address a characteristic of Tether that is responsible for many incidents and lost funds. There are more than one blockchain networks that support USDT transfers. If you send your precious Tether via a specific network to an address that does not support that network, then you can kiss your funds goodbye. There are quite a few networks that support Tether, but the main ones for Tether casinos are ERC-20 (Ethereum), TRC-20 (Tron) & OMNI (Omni, based on Bitcoin). The gambling sites specify in the available deposit methods which networks are available. Make 100% sure that you send your USDT via the correct channel to avoid unpleasant surprises.

Tether Gambling Advantages

The stable value of $1 per USDT greatly facilitates the usage of Tether in online crypto casinos. You will not have to deal with constant calculations or any research on technical specifics, like with other cryptocurrencies. This will help you maintain your ease of mind and enjoy your gambling more. Moreover, Tether’s liquidity is superb, as most exchanges have it available. Almost all top cryptocurrencies have trading pairs with USDT, so exchange fees can be kept low. Let’s see the other main benefits of USDT gambling:

Zero volatility

This is the key advantage of Tether. You can convert any traditional currency you want into USDT, and the value will remain the same. It will be like buying normal Dollars. The wild price swings of the cryptocurrency market will not affect you at all. Apart from this, you will have an easier time keeping your gambling activity under control, as you will know exactly how much you win and how much you lose.

Low transaction fees

A USDT Casino will keep your deposit costs low. However, this currently applies only to TRC-20 transactions. The Ethereum network (ERC-20) has become quite congested lately, and the fees have skyrocketed. OMNI holds a middle ground in fee costs. This might change in the near future, as upgrades are planned for these respective networks. Be that as it may, currently (September 2021), USDT transactions via the Tron network hold the best value, as they cost less than a cent of a dollar.

Rapid transactions

Tether casinos that offer TRC-20 USDT deposits take the first spot here too. As of September 2021, a USDT payment within the Tron network settles in mere seconds. Payments in the Ethereum network take 10-60 minutes and OMNI ones 1-2 hours. As you can see, there is a notable gap between them. The benefits of the ERC-20 and OMNI are that more casinos accept them, as they existed long before Tron. Additionally, the Ethereum and Bitcoin networks are more reliable than Tron. Nevertheless, TRC-20 transfers are safe and proven, so there are few doubts about the best method.

Anonymous gambling

All your payments with Tether are recorded permanently in the immutable blockchain ledgers of the network you choose. There is no way around it. However, your addresses do not hold any personal details. If you do not reveal your address to anyone, you will retain your anonymity. Sadly, this might always get compromised by a casino’s or exchange’s KYC requests. Still, you are more protected in comparison to traditional banking methods.

Direct deposits

Regardless of the blockchain network you choose, your deposits and withdrawals will go through directly with the casino. There are no intermediaries like debit cards, e-wallets, or bank transfers. Payments will go through efficiently and there will be no third-party audits, frozen funds, or source of wealth requests. The blockchain network you choose will just impartially validate the transactions, no further questions asked.

Negatives of Tether Casinos

Despite its advantages as a stablecoin, Tether still has a variety of disadvantages to take into consideration. Most importantly, it remains a cryptocurrency. You will have to learn about crypto exchanges, crypto wallets, basic financial & technical terminology, and so forth. There are not as many USDT casinos as Bitcoin or Ethereum and even fewer accept the Tron network. Moreover, the organization behind Tether has been accused multiple times of shady behaviour, which we will specify later on. Let’s group up the main negatives:

❌ Risks from the different networks

If you search on different online forums, you will find hundreds of cases where someone sent USDTs to a wallet address via the wrong network. Someone might get lucky and get support from an exchange or Tether themselves, but most of those funds lie lost. It is one of the rookie mistakes in the crypto world, so be extra careful. This is an issue that most cryptocurrencies do not have, so it’s a minus for Tether, even if it adds flexibility.

❌ Offshore licencing

Crypto-friendly operators, like Tether casinos, can only receive an offshore license or even no license at all. The major European licensing authorities do not accept crypto as a valid deposit method, as they claim it is far too risky and not regulated. This makes gambling sites that hold such licenses less reliable because players usually have a more challenging time successfully settling disputes.

❌ Fierce competition

Nowadays, Tether is not the only stablecoin in the market. Other reputable competitors, like USDC, TUSD, BUSD, gain more traction day by day. USDT is still the major player, but it is possible that it will not be able to hold the place for much longer. The fact that the Tether organization has not yet been fully audited is a strong point against the transparency and legitimacy of the project. Other stablecoins try to capitalize on this, offering a more secure product.

What Goes on Behind Tether Casinos

Stablecoins were initially introduced for securing cryptocurrency capital from volatility risks. This way, traders do not have to constantly rely on traditional banks for the onramp/offramp of conventional currencies in and out from the crypto space. Nowadays, Tether transactions hold a big part of the daily crypto trading volume. However, their utility does not end here, as USDT transfers are way faster than convention dollar ones. Also, their cost most of the time is negligible. The online gambling industry, one of the first industries to adopt innovative technologies, soon took advantage of Tether.

Tether’s controversy

Tether’s first name was ‘Realcoin.’ The project was revealed in July 2014, but it changed its name after a few months. The popular crypto exchange ‘Bitfinex’ was the first to list Tether on their marketplace in January 2015. Tether was powered by Bitcoin’s Omni layer, a network that is used up to this day. USDT is now the major player in the stablecoin market and can be found in eight different networks. So how is it possible that such a popular cryptocurrency with wide usage faces legitimacy issues?

First of all, there is much evidence that Bitfinex and Tether have a very close relationship. New York’s attorney general filed a lawsuit against them, claiming that Bitfinex used Tether’s client reserves due to financial difficulties. The case was settled with a fine for Bitfinex in February 2021. Bitfinex can not partake in any activity in the New York state. Tether trading is banned as well. Furthermore, the most important thing to keep in mind is that a third-party audit of Tether’s organization has never been concluded. Nobody knows if Tether actively covers the UDST issued with real capital.

Tether vs. Bitcoin

It is unwise to compare these two cryptocurrencies, as they fulfil entirely different functions. Bitcoin is the most popular cryptocurrency; it sets the crypto market trends. Its scarcity and decentralization make it digital gold. On the other hand, Tether is a centralized stablecoin, which facilitates transactions and helps traders and crypto investors avoid market volatility.

Are Tether Casinos Safe & Legal

With all the above being said, the reality is that nobody ever lost any funds placed in UDST. Tether manages to maintain its position as the main stablecoin in the market. Just keep in mind the controversies around it and plan your moves carefully. The cryptocurrency market is quite unstable and nobody knows what comes next. Your safety in Tether gambling mainly resides on the USDT casino you will choose. It would be better to stick to our reviewed selections, as crypto gambling sites attract many shady operators.

USDT transactions are also as legal as any other cryptocurrency. In many countries, they are not even yet fully regulated, but this might soon change. Try to keep yourself informed on the latest developments. If you can play at an online casino legally in your country, you will also be able to play at a crypto-friendly casino. The same age restrictions usually apply. Moreover, USDT winnings are not automatically taxed, as fiscal authorities do not directly access crypto transactions. Nevertheless, it would be better not to commit tax fraud, as thorough audits can trace even crypto transactions back to you.

How to Start USDT Gambling

USDT is one of the most convenient cryptocurrencies for gambling, as you can easily calculate losses and winnings. You might not want to miss out on this. Your first move will be to find the ideal Tether casino for you. There are many to choose from, so you will indeed find one that satisfies your needs. Our lists with the top picks will surely be of help.

red arrowHow to deposit to a USDT casino

 

Get a USDT wallet: There are no optimal solutions here. You can find browser extension wallets, desktop/mobile wallets, and offline hardware ones. Choose whatever is most convenient for you. Just make sure that it supports the Tether network that you are going to use. Otherwise, it will be quite useless.

Buy Tether: The most reputable crypto exchanges that offer USDT trades are Kraken, Binance and FTX. There are many other options, of course. The usual methods to top up your exchange account are debit cards and bank transfers. After you buy the amount of USDT you wish, send it to your personal wallet. Never make direct transfers between a crypto casino and an exchange. Exchanges flag crypto gambling sites as risky merchants, so they may freeze our account or ask you for much documentation to prove the origins of your funds.

Deposit to the Tether casino: Go to the casino you chose and open the cashier tab. Choose Tether as the deposit method (double-check the available networks). A complex combination of numbers and letters will appear. That is the casino’s Tether address. Find your wallet’s send option, and copy-paste the casino’s address.  Also, check if there are any valuable bitcoin bonuses available to claim. Depending on the network you choose, your funds will get credited in a time span from a few seconds to a few hours. Good luck with your rolls!

red arrowHow to get your Tether gambling winnings

 

Withdraw the funds: To transfer your newly acquired USDT to your wallet, go to the cashier tab. Find the Tether withdrawal method, and select the network that suits you best. Then, type your wallet’s address in the relevant tab. Double-check if you typed it correctly and the network you selected. If everything is fine, you are good to go.

Cash-out the winnings: You will have to send the USDT back to the crypto exchange. There you can trade it with other cryptocurrencies or FIAT ones. Type your exchanges’ Tether account in your wallet’s send function (select the correct network). Keep in mind that some exchanges issue their own debit cards. They are a useful tool to avoid banks altogether.

New Tether Casinos, New Opportunities

The online crypto gambling scene is growing larger by the day. Cryptocurrencies are far too convenient as a payment method for both players and operators. Low transaction fees, no geographical restrictions, and fast-speed lighting. Now that a wider audience is getting familiar with stablecoins, too, many brands are adding USDT as an option. The competition is fierce, and new Tether casinos offer the best bonuses and promotions to attract more players. Check what the new kids on the block have to offer.

Should you Go all in Tether Gambling

International online casinos iconCryptocurrencies are clearly a net benefit for online casinos. More and more countries are in the process of setting up local regulations that will disrupt operations for many international gambling sites. Crypto payments can circumvent those restrictions effectively. In this way, players can maintain an abundance of options for their gambling activity. Tether gambling sites provide the ideal casino payment option for crypto rookies. You will not have to worry about market price swings. This way, you can concentrate purely on the casino experience. We believe that Tether casinos are the safest way to enjoy crypto gambling, so go forth and enjoy.

FAQ

Are Tether and USDT the same?

The name of the company that issues the token USDT is ‘Tether Limited’. Likewise, USDT is the ticker name of the token as it shows in crypto exchanges. You can usually use them interchangeably.

Is Tether safe?

Tether is as safe as any other of the top 20 cryptocurrencies. On top of that, it is the most popular stablecoin and some of the most popular trading pairs depend on it.

How can USDT keep the $1 value?

In theory, every single USDT token is backed by an equivalent amount of real United States Dollars. Be that as it may, recently, Tether stated that their reserves include other collaterals, like loans receivables and not only cash. Nonetheless, a full audit has never been made, so things are a bit on the grey side.

Where can I buy Tether?

Tether is one of the most popular cryptocurrencies, and liquidity is abundant. You will be able to buy or trade USDT in almost every crypto exchange in existence.

Is Tether gambling legal?

Cryptocurrencies transactions are not illegal in most parts of the world. There are not even crypto-specific regulations in many of them. The restrictions in crypto gambling sites apply mainly to your age, as normal casinos do. Keep in mind that you can not use USDT  in the New York State of the US.

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