USDT – Tether (₮) at Online Casinos in 2023
Crypto casinos have grown in popularity among some online gamblers for several reasons. While Tether casinos are not as prevalent as Bitcoin casinos, they have similar or superior benefits.
Tether exists on the Ethereum blockchain and is accepted by 30+ exchanges and online merchants, including crypto casinos. From the perspective of online gambling, it eliminates a financial institution from the equation. Transactions involving Tether tokens are processed quickly in and out of an online casino player account in USD, EUR and CNH.
The fee for moving tokens is low compared to some methods of moving fiat currencies. Some crypto casinos may apply a fee to Tether casino deposits or withdrawals, but it's usually not the case.
Tether's stability, liquidity, currency pegs, and financial asset collateralization are significant differentiators. It makes holding Tether much less prone to huge gains and losses due to price movements. Hence, exchange rate risk is significantly reduced.
Online Casinos for players with Tether
Below is our list of the best Tether casinos licensed in Curacao. Each accepts deposits/withdrawals in fiat, Bitcoin and altcoin currencies (including Tether). We provide a casino review for each, covering banking, casino bonuses, casino wagering, casino games and more.
|♣ Withdrawals processed within an hour
♣ no withdrawal limits
♣ many currencies accepted
♣ Games: 4000 ♣ English Website: ✓
♣ Casino, Live Casino
|20 Signup spins for select countries, €500 (5 BTC) welcome package over 4 deposits + 180 Free Spins ▼ More Details ▼
1st deposit: 100% up to €100 (1 BTC) + 180 Free Spins, 2nd deposit: 50% up to €100 (1 BTC), 3rd deposit: 50% up to €200 (2 BTC), 4th deposit: 100% up to €100 (1 BTC)18+ | Website operator T&Cs apply | Play responsibly.
|♣ cryptocasino with provably fair games
♣ many bonuses and promotions
♣ Games: 4500 ♣ English Website: ✓
♣ Slots, Live Casino, Table Games, Lottery, Craps, Jackpots
|Up to 2 BTC / €1,200 / C$1,800 over 3 deposits + 200 Extra Spins▼ More Details ▼
1st deposit: 100% up to 1 BTC / €200 / C$600 + 200 Free Spins
2nd deposit: 50% up to 0.5 BTC, €500, C$600
3rd deposit: 75% up to 0.5 BTC, €500, C$60018+ | Website operator T&Cs apply | Play responsibly.
|♣ many cryptocurrencies supported
♣ lots of bonuses and tournaments
♣ Games: 4900 ♣ English Website: ✓
♣ Slots, casino, Live casino
|No Deposit Bonus: 70 Free Spins, 1st Deposit: 100% up to €/$1,00018+ | Website operator T&Cs apply | Play responsibly.|
*Bonuses are tied to T&Cs. Bonuses can change any time.
Although some people refer to crypto casinos as Bitcoin casinos, that's very misleading. Modern cryptocurrency casinos are more than just about bitcoin deposits and withdrawals. Today's crypto casinos accept payments in altcoins like Litecoin, Bitcoin Cash, Ethereum, Dogecoin and Ripple. Tether is another cryptocurrency, launched in 2014, built initially on multiple blockchains.
Tether ↱ is pegged 1-1 with a fiat currency backed by financial reserves, setting it apart from other altcoins. Tether is available in different currencies, including USD₮, EUR₮ and CNH₮. A Tether token is among the most liquid and least volatile (see chart below), so it's called a stablecoin. At the end of 2021, Tether has a market cap of $77+ billion as the number of tokens grows.
The reserves values are published daily, lending greater transparency. 80%+ of these reserves are cash & cash equivalents, with the rest comprised of corporate bonds, funds and precious metals, secured loans and other investments.
Tether Gold (XAUt) is the fourth token, backed by ownership of one Troy fine ounce of gold. It's even possible to identify the specific bar(s) of gold by entering your XAUt token address.
Tether is built using blockchain technology, which uses cryptography. Tokens can be stored securely within a Tether wallet. Tether customers must activate 2-factor identification on their account and be verified by providing KYC documents.
Where to Buy Tether
A KYC-approved user deposits a fiat currency into a Tether bank account in exchange for Tether tokens, less exchange fees. These can be stored in a Tether wallet, spent at participating merchants (including Tether online casinos), or redeemed back into a fiat currency.
Tokens can only be issued or removed from circulation by Tether in contrast with other tokens that can be 'mined.' Users can purchase them from other users (Peer-to-Peer (P2P) networks) or a crypto exchange like Coinbase, Kraken or Binance.
Depositing Tether at a Crypto Casino
Log in to your crypto casino that accepts USDT and go to the deposit page. Choose USDT from the deposit options and follow any other instructions. A unique account link is provided by the payment provider, such as CoinsPaid. Copy and paste it into your e-wallet's address book. It may also be possible to scan a QR code using the e-wallet app on your mobile. Input the amount to send and confirm the transaction. That's all there is to it.
Withdrawing Tether from a Crypto Casino
Some alternative payment methods, such as eVouchers, do not permit withdrawals. Fortunately, altcoin casino withdrawals (including USDT) is available for punters who made an original Tether deposit. The withdrawal process is similar to deposits and offers the same benefits.
History of Tether
Tether Limited is a Honk Kong company financed by Bitfinex out of the British Virgin Island. Controversy has haunted Tether Limited in the past, with allegations of Bitcoin manipulation, failure to provide proof of adequate reserves and an unclear relationship with the Bitfinex exchange.
In the past, questions have been raised over whether Tether's assets are enough to support the 1-to-1 exchange rate. In October 2021, the CFTC fined Tether Ltd, Tether Holdings and Tether International with misleading and omitting facts.
Tether is an alternative crypto asset accepted by casinos accepting Tether deposits and withdrawals. In addition to being fast, inexpensive and secure, online gamblers can also cash out Tether tokens. Because USDT is pegged to the US dollar, the volatility associated with Bitcoin and altcoins is avoided. It makes Tether a far better storer of value.
Besides all of the things mentioned, punters depositing Tether typically qualify for online casino bonuses, such as match deposits and free spins. Just check out the casino's promotions page for yourself.
The drawback of Tether is that it's not accepted to the same extent as other altcoins like Litecoin, Ethereum and Dogecoin. The low volatility of Tether makes it unattractive as a speculative currency. Also, the KYC checks are more arduous than other altcoins, which may discourage some.
Of course, the elephant in the room is the legality of playing at crypto casinos in punters' home countries. Where Bitcoin and altcoins are legal, the quality of a crypto casino can be a valid question, given these are not MGA or UKGC licensed. We recommend Curacao eGaming licensed casinos with an established track record.
FAQ for USDT at casinos
Tether gambling at crypto casinos may not be legal in all countries. Before registering and making a USDT casino deposit, determine if it's permitted in your country.
The best online casinos accepting USDT deposits can be safe, provided you take some reasonable precautions. At a minimum, ensure that the crypto casino has a Curacao eGaming license, a track record and a good player reputation. We believe that cryptocurrency casinos recommended on our page are safe and trustworthy.
Tether is one of several liquid altcoins found at crypto casinos. Where USDT casino deposits are unavailable, others like Ethereum, Litecoin, Bitcoin, Ripple, Bitcoin Cash and Dogecoin may. Crypto casinos also accept the most common fiat currencies.
Tether casinos accept deposits and withdrawals in USDT, and punters qualify for match bonuses and other casino promotions. Other material advantages are the speed, low cost and security of these transactions.
Punters that deposit Tether usually qualify for a casino bonus, like a match deposit bonus or free spins. However, it comes down to the bonus terms of particular crypto casinos.