The Best Tether Casino Sites in 2022

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Top Rated Tether Casino Sites

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Your Guide To Tether Casinos

This chapter is going to cover the much-discussed and not fully understood company Tether and its cryptocurrencies. USDT (United States Dollar Tether) is by far the one most used and what people normally refer to when talking about “Tether”. More specifically we’re going to cover how to use the currency in a casino setting.

USDT is the cryptocurrency that right now and for some time has had the highest daily trade volume, even when compared to coins like Bitcoin or Ethereum. Although utilizing similar technology to the two coins just mentioned Tether differs quite a bit in how it works and is making what’s known as “stablecoins”. More on this later.

There has been a bit of controversy regarding Tether in the past years. Some people within the cryptosphere don’t think the company has answered these questions in a sufficient way. Still, they remain the biggest out of the stablecoins and have the highest trading volume of all the cryptocurrencies right now, as well as being the third biggest coin overall in terms of market cap.

How is it possible that a coin that has had quite a few controversies with vaguely answered questions, appears to thrive better with each passing day? We’re going to be needing the full force to cover all the ground in this case. Bitcoincasinos.gg squad gather around, we’re going in.

What Is Tether?

First, we’re going to be having a closer look at the company Tether and all of its branches of different cryptocurrencies. USDT is the coin that represents almost all of the market value of Tether. It was launched back in 2014 and is the branch we’ll be covering the most in this review. It is also one of the coins that you’re going to find is accepted in most of the online casinos that support cryptocurrencies.

Tether as a company is based out of Hong Kong and goes under the name “Tether limited”. The company is in fact controlled by the owners of “Bitfinex”, which is one of the bigger crypto exchange platforms. Tether are making “stablecoins”, with USDT being their greatest success. Stablecoin in short means that the cryptocurrency is set to follow another currency, crypto or FIAT normally, and is backed at a 1:1 ratio by money held up in reserves. In USDT’s case, one coin represents one dollar and is set to always have this exact value. Other cryptocurrencies are prone to swings in a similar fashion to the stock market, while USDT is always going to follow the American dollar (USD) and be valued and traded at 1$ for each coin. The currency is hosted on the Ethereum and Bitcoin blockchain and transactions using the coin are done within 10 minutes in most cases.

There has been a couple of controversies regarding the coin and speculation that the coin as a matter of fact is not completely backed by real money reserves, as has been promised. In 2019 there was a statement released that for all of the Tethers that were in circulation they were only backed by cash to the amount of 0.74$ of the expected full 1$. In 2021 a report was published that claimed that for all of the USDT in circulation, only 2.9% of them were backed by USD cash and about 50% were backed by different “economical papers”. Tether has denied most of the claims that the coin is not fully backed and has been dragged through court its fair share over the past years in regards to this. This has resulted in the company being forced to pay fines, although very small in size when comparing them to the current market cap of the coin and the fact that it’s the most traded coin today.

Although there have been voiced concerns, the coin remains the third-largest cryptocurrency in terms of its market cap today and is still bought, sold, and traded more than any other coin.

Tether At Online Casinos

Tether, USDT (US dollar tether) in particular, is one of the most commonly used coins in casinos that accept cryptocurrencies. This is not surprising when we look at the coin's market cap. You’ll find it available in virtually every casino that accepts cryptocurrencies. It holds the benefits of being easier to use than most cryptos since the value of the coin is set, there’s no need to bring out the calculator when calculating a transaction.

On most sites that accept USDT, you can use it to gamble in every game that’s available in the casino's library. The most commonly offered games are slots, table games, and live casino games. There are also options to sports bet using the currency as well as playing games that are designed specifically for the use of Tether.

-Tether slots

-Tether poker

-Tether blackjack

-Tether roulette

Are a couple of examples of games that are made entirely for Tether users. There is generally no limit to what games a crypto casino can make in regards to a coin. USDT is one of the more prominent cryptocurrencies and thus has many options available for the gambler that prefers to use it.

Buying and Storing Tether

When you’re buying and storing Tether there are two channels that are mainly used. The first and the most common way of doing this is through one of the many crypto exchanges. The second, and less commonly used option is to buy and store your Tether using a hardware wallet. Both of the options have their pros and cons.

If you wish to try the first option, you’re gonna have to choose one of the crypto exchanges that are available. Bitfinex, who are the controllers of Tether, is one example of a crypto exchange that could be used. More commonly people buy, sell and trade on Binance which is the exchange that has the daily highest amount of trades, by a good margin. There are many good options for different exchanges and you are not limited to using Binance though.

After you’ve chosen an exchange you generally use FIAT (f.e USD or EUR) money transfers to buy your coins, often with the use of credit cards or bank transfers. The coins purchased are then stored digitally and can be accessed on any desktop through the web browser. In most cases, the exchange will have an app that can be used on your smartphone or tablet. The coins are stored safely and oftentimes protected by “2-step verification”. This could be receiving two different codes at the same time, one as a text message to your phone and another to your email. To complete a transaction both of the codes need to be inserted within a span of a couple of minutes, making it a lot harder for someone to wrongfully access your wallet and move your coins.

The second option which is also the more secure and anonymous choice is to buy and store your tethers on a hardware wallet. A hardware wallet is in most cases a USB device that has been specifically designed to store cryptocurrencies. This device comes with a personal code that is required in order to access your coins. These devices are very secure and there are many cases where the owner of the device has forgotten or lost their passcode, resulting in the loss of the currency stored on the device.

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Tether Transaction Limits and Fees At Online Casinos

Tether and more accurately USDT is one of the cryptocurrencies that are known for its low transaction fees. The fee is normally less than one dollar to make a transaction, which is one of the main reasons that people prefer tether and other cryptocurrencies to traditional FIAT options when gambling in a casino.

There are generally no set limits when using USDT in a casino. Tether themselves, has no limits on the transactions using their currencies. Every casino has the right to choose its own limits and for that reason, there can be big differences in the limits different casinos impose. FIAT transactions often come with limitations in this regard and yet again this is why people who like to gamble generally prefer the use of cryptocurrencies instead.

How Tether Compares to Other Coins
Pros and Cons
Getting Started at Tether Casino Sites

















How Tether Compares to Other Coins

There are a couple of major differences between Tether and other coins. As previously explained Tether is a stablecoin. When most other currencies are decentralized and have their price decided by supply and demand, in a similar fashion to the stock market, the price of Tether is to stay at the same set price point at all times. The price point depends on what currency it has been set to follow. USDT (United States Dollar Tether), as the name entails, follows the American dollar (USD). Tether is also available in EURO or Japanese yen and in those cases has a price set to follow those currencies instead.

Being a stablecoin may be enticing to people that wish to own cryptocurrencies but are not too fond of the volatility that investing in these usually comes with. USDT, which is bound to the price of the American dollar, could still fluctuate in value in the same way traditional currencies do. The swings are not comparable to what other cryptocurrencies experience though.

Pros and Cons

Pros:

Transaction times and fees

One of the main reasons that people like to use cryptocurrencies like tether over FIAT money is the speed at which you can complete a transaction. FIAT money transfers have to be approved by third-party sources, like banks, and may take up to a couple of days to complete while tether transactions are done within minutes. The fees of transactions with a currency like USDT are normally less than 1$, which is in the lower spectrum of all money transfers that are done.

Stability and low volatility

Tether hosts a couple of currencies that are all stablecoins. The currencies are bound to other currencies, often traditional ones like USD or EUR. The price will always follow its price and since traditional currencies generally don’t go through huge swings, there’s almost no volatility.

Popularity

USDT is the most traded cryptocurrency right now and its market cap puts it as the third biggest coin overall. Being popular and big means you’re going to find the currency at virtually every crypto exchange as well as be able to use it in virtually every crypto casino.

Cons:

Trust issues

There is speculation and an expressed fear that Tether is due to crash at some point. The reserves that are promised to be backed by actual dollars have not been accurately proven to exist. In more recent times there was a sudden drop where investors sold almost 10% of the USDT in circulation over the course of about two weeks. This forced the company to pay out massive amounts of liquidity, which they did successfully. Since Tether has been unable to prove that every USDT is backed, there are uncertainties about whether the company would be able to handle a huge amount of owners cashing out their coins at the same time. Tether, to this day, claim to have every tether that’s been sold backed by cash reserves. It is the cryptocurrency with the highest traded daily volume and a big market cap, suggesting it's still trusted by the population that uses it.

Low investment potential

Since tether is bound to other currencies, often traditional FIAT ones, it’s regarded as a poor choice for investors that are looking for potential investments. USDT, which follows the American dollar and is unlikely to either drop or increase by a notable amount.

Getting Started at Tether Casino Sites

If you’ve gotten this far and gone through all of the information you can call yourself somewhat of a Tether expert by now. Maybe you’ve decided that want to try the currency in one of the casinos but are not sure where to start? Fortunately for you, this is where we come in. Our team has gathered information, compared, and compiled it into reviews of the most popular casinos that support the use of Tether. Go through our list and find the casino that best suits your needs and proceed to make an account.

Now you need to get your hands on some currency, USDT for example. This can be done in pretty much every crypto exchange and is usually obtained using FIAT currencies (Credit cards or bank transfers). Once you’ve obtained some USDT you’re almost ready to roll.

Deposit the USDT onto your casino account, normally done with a QR-code scan or by transferring it to a USDT address that’s provided by the casino. Transactions take no more than 10 minutes and after you’ve received the USDT in your account you’re ready to start your gambling journey. When you’re done you can withdraw your USDT back into your crypto exchange account oftentimes within minutes.

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Cryptos Accepted

Bitcoin
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Ethereum
Litecoin
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Tether
Tron

Welcome Bonus

6 BTC + 300 Free Spins

● Generous free spins offer
● Easy to navigate

9.8

Bitcoin
Dogecoin
Ethereum
Litecoin
Monero
Tether
Tron

FortuneJack is one of the most popular crypto casinos and online sportsbooks. Launched in 2014 by Nexus Group Enterprises, the site offers 3000+ games and is known for big bonuses and its easy-to-use platform.

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