Tether is one of the leading choices for casino fans who are not ready to switch entirely to the world of crypto. It’s a stablecoin with a value pegged to the US dollar, so you always know the worth of this token.
USDT offers a stable price and the benefits of cryptocurrencies, like fast transactions, minuscule fees, and high privacy. With that in mind, let’s first look at what Tether is precisely and how it works, and then you’ll learn what it brings to online casinos and how it’s used in gambling.
Tether (USDT) is a cryptocurrency, and its main feature is that it’s a stablecoin, meaning its price is not volatile. In this case, it’s tied to the value of the US dollar, meaning that 99% of the time, 1 USDT will equal 1 USD. Naturally, it will often be slightly lower to account for the fees of transferring, buying, selling, exchanging, or whatever else you’re doing with the token.
Tether was designed for trading on the crypto market. It allows users to move funds between crypto exchanges quickly and efficiently while paying very low fees that are usually unnoticeable with regular amounts.
It’s also used as a store of value in the crypto realm since its price is stable, unlike all other cryptocurrencies that aren’t stablecoins.
However, unlike most other cryptos, Tether is centralized because a single company operates it under the same name. The company ensures a stable price by holding reserves in US dollars and other assets that are always equal to or higher than the amount of USDT in circulation.
One of the more important aspects of Tether for casino fans is that it operates on various blockchains. It doesn’t have its own, and there’s effectively a different version of USDT from blockchain to blockchain. It’s still the same token, but the transaction speeds and fees depend on the blockchain it’s on. For instance, USDT on Ethereum has gas fees in ETH and is as fast as the Ethereum network.
This is crucial to remember because when sending USDT to and from your casino account, you must make sure both addresses’ networks match. So, if you’re depositing USDT from a Tron address in your wallet, you must send it to a Tron address in the casino.
If the addresses don’t match, i.e. your USDT address is unavailable on the casino you’re using, you’ll need to “bridge” your USDT to the network on the casino before sending. This will effectively change its location to that network.
For instance, your USDT is stored on Solana, and the casino only offers USDT on Ethereum and Tron. You’ll need to bridge your tokens to Tron or Ethereum and then send them to the casino Tron or Ethereum address. Bear in mind that bridging incurs fees as well.
Remember that most Tether casinos support ERC-20 (Ethereum network) and TRC-20 (Tron network), or just one of the two.
The legality of Tether depends on the jurisdiction you’re in. The company behind the token has faced significant regulatory scrutiny, especially in the US, mainly because of concerns about reserve transparency.
However, using USDT in the US is still legal, and the same goes for most of the world, as most countries regulate all crypto together. Most countries have either legalized cryptocurrencies or haven’t banned them, making them effectively legal. Only a handful of countries, like China and Egypt, have completely banned cryptocurrencies and, thus, USDT.
We’ve prepared a list of its advantages to understand how useful USDT is in online gambling, so keep reading.
Being a stablecoin, the core of Tether is a stable price. Tether guarantees this through its reserves. All of this makes it perfect for online casinos, so you don’t have to worry about your winnings losing value.
Tether transaction speeds are usually below the 1-minute mark on blockchains like Polygon, Tron, and Solana. At the same time, they typically spend 5–10 minutes on Ethereum. Since casinos handle these automatically, this is the time you’ll usually have to wait for your Tether deposits and withdrawals.
Online casinos rarely charge fees on crypto payments, while the blockchain fees with Tether are typically around a cent or a few cents in most cases. The gas fee is typically just a fraction of a cent on some blockchains, like Avalanche and Aptos. The highest costs are on Tron, but they are usually only around a few dollars at the most.
Tether is available worldwide, and it’s one of the most popular cryptocurrencies for gambling, so you’ll find Tether casinos almost everywhere.
When using Tether, you don’t have to use your private payment data, so there are no worries about safety in casinos.
Naturally, Tether casinos are not without their downsides, so here’s what you need to know:
To find the best USDT casinos, you need to look at several criteria.
The casino should have a proper license from a reputable body like the Malta Gaming Authority or Curacao eGaming. It should also have a good reputation among the players and strong security measures like SSL encryption and payment protection.
You must examine the payment terms to ensure the deposit and withdrawal ranges are broad enough to accommodate your needs. You should also check the blockchains supported for Tether to avoid bridging tokens.
Check the available bonuses and which ones you can claim with USDT. The more of these, the better. Moreover, the bonuses should be rewarding enough, with favorable terms and large bonus sizes.
Look at the game library to see what’s available. It should have at least a thousand games and a wide range of game types, like slots, table games, live casino games, crash titles, and more.
You can get plenty of bonuses in Tether casinos. The exact types and number of bonuses depend on the individual casino. Here are some of the most commonly available types:
Tether casinos have the same welcome bonuses as most other casinos, meaning you usually get a match deposit bonus, sometimes with added free spins. The matched percentages and max bonus amounts are generally higher in Tether casinos than regular fiat casinos.
You’ll find free spins as part of welcome bonuses and through reload bonuses in many Tether casinos. Many VIP programs will also feature free spin rewards in exchange for comp points or for reaching specific levels.
Many Tether casinos have reload bonuses like most other casinos. These promotions can be claimed repeatedly, usually every week, and most are match deposit bonuses or free spins. Some come as cashbacks, where you get a certain percentage of lost funds as bonus funds.
Let’s quickly review how you can start playing with USDT at a casino you’ve chosen:
Visit the official website of the casino you’ve picked and click on Join/Register/Sign-up. Follow the registration process from start to finish and provide the required personal details.
You need to buy the tokens if you don’t already have USDT. Some crypto casinos will let you do this directly, but in most cases, you’ll need to do it yourself. Register for a crypto wallet if you don’t have one and buy USDT in it, or join an exchange, buy USDT there, and then move it to your wallet. Ensure you’re buying USDT on the blockchain available on the casino.
Once you have enough USDT, you can deposit it at the Tether casino. Return to your new casino account and visit the deposit page. Choose Tether and input the amount you wish to deposit while ensuring it’s enough to claim the welcome bonus. Copy the address to your wallet or scan the QR code. Again, USDT networks must match. Double-check everything and confirm the payment.
The funds should reach your account immediately or after a few minutes. As soon as they do, visit the game library, pick a game, and start playing.
If you’re looking for an alternative to Tether, here are some of the best options:
USDT is typically considered the best stablecoin, but there are other great choices, most notably USD Coin and Dai. The former is also pegged to the US dollar but is more transparent than Tether, while the latter is fully decentralized, although not commonly accepted in online casinos as USDT.
Since many use USDT on the Ethereum blockchain, thus getting the same transaction times and fees, you can also switch to ETH itself for casino payments. It’s slightly more widespread, although the price is volatile, which can be a double-edged sword.
I’ve had a very positive experience with Tether casinos, especially those that focus on USDT, meaning most bonuses come in USDT values and can be claimed with the stablecoin. Naturally, I’ve always made sure to join only reputable Tether casinos, i.e. the ones with proper licensing and good online reputations.
Depositing and playing was the same as in other casinos, especially since Tether transactions are almost instant. My initial withdrawals in most of these took some time as I usually had to pass KYC measures or some other checks.
However, I’ve played enough to gather enough winnings in most of the casinos I’ve tried so I could withdraw at least once more. Each of these were nearly instant because my USDT were either on Tron or Solana. I have never had an issue with a payment.
If something remains unclear about using USDT in casinos, I’ve answered a few frequently asked questions below.
Yes, most Tether casinos are safe. However, bear in mind that this depends entirely on the casino and how dedicated to security it is. At the same time, Tether itself is as secure as most other payment options found in online casinos.
Legality depends on your jurisdiction, and it hinges on whether both crypto and online gambling are legal.
Yes, many Tether casinos feature instant USDT payouts, so the only time you need to wait is for the blockchain to confirm the transaction, after which the funds will reach your wallet.
No, Tether is centralized as it’s operated by a single entity with the same name. This makes it one of the few major cryptos that aren’t decentralized, but it’s somewhat necessary to ensure the stability of the price.
