The Ultimate Tether Casino Guide 2024
Online gaming is huge right now! The gaming market is constantly expanding, and the gaming business has recently seen significant change. However, the corona pandemic is not the only cause of this evolution. Because there has been a significant structural change in online gaming. All of this may be encapsulated in the word “cryptocurrencies” in a single sentence.
In this article, we're diving into a specific cryptocurrency that's still flying under the radar for most gamblers – unjustly, in our opinion!
We're talking about Tether (USDT). What's the story behind this currency that's often referred to as the “digital US dollar”?
Best USDT Casinos 2024
In this guide, you will learn everything. What you must understand about Tether. We'll go through the basics of the cryptocurrency and how to obtain your Tether coins. However, we will pay more attention to how Tether is used in so-called “Tether Casinos.”
You will therefore understand how to play in a tether casino and the benefits of doing so after reading this post. A couple of our favorite Tether Casinos will be introduced to you at the end.
Table of Contents
- Best USDT Casinos 2024
- What actually is Tether?
- How Tether works
- Tether's Target Audiences
- How to get USDT tokens
- These Advantages are Offered by a High-Quality Tether Casino
- USDT Casino Alternatives
- This is how you can evaluate whether a USDT casino is legitimate.
- Tether Under Scrutiny and the Watchful Eyes of Regulatory Authorities
- Conclusion: Tether Casino is the best cryptocurrency for players of online casinos.
- Tether Casino FAQ
- The best Tether Casinos at a Glance
What actually is Tether?
You've probably given buying Bitcoins or other cryptocurrency some serious thought, just like the majority of crypto investors. You have done a good job of educating yourself and weighing the dangers, … and you should!
Most importantly, the frequent price swings are what cause many consumers to second-guess making an investment in cryptocurrencies. Tether (USDT), a digital asset that has gained a lot of traction in the cryptocurrency industry, was created with the express purpose of resolving this issue.
Tether – the first and most popular stable coin:
It is referred to as a “stable coin” and is named Tether. The rate of a real-world currency, in the instance of Tether, the US dollar, is what this indicates the digital coin is correlated to.
This means that, contrary to other cryptocurrencies like bitcoin, the price of tether barely varies, as the term “stable coin” already implies.
The US dollar's exchange rate and Tethers are always the same!
Because of this, the USDT is mostly utilized in Bitcoin and other cryptocurrency trading. But Tether is also becoming increasingly popular in other areas - not least in the gaming industry.
Fun Fact: By the way, the name Tether says it all. Translated from English, “to tether” means nothing other than “to tie up to something” - in the case of Tether, of course, we are talking about the US dollar. This is because the digital currency is firmly linked to this countervalue.
How Tether works
USDT can also be produced at any time, much like how the ECB places orders for producing banknotes. Re-minting new USDT will boost the supply of tokens if demand rises.
Interesting: In addition to the most well-known variant, the USDT, there are also a few other forms of tether.
For example, EURT is a variant based on the euro, and CNHT stands for the Chinese yuan. Commodities such as gold (XAUT) can also be replicated with Tether.
Technically, Tether is built on several blockchains. These include various blockchain projects including Algorand, EOS, Tron, Litecoin, Ethereum, and Bitcoin (Omni and Liquid protocol).
Tether's Target Audiences
Every digital currency is developed with one or more target audiences in mind, and Tether is no exception. This cryptocurrency is aimed at individuals, exchanges, and traders. Let's explore how each benefits.
Tether for Individuals
Thanks to Tether's strong liquidity, individuals investing in cryptocurrencies can easily benefit from price increases. For example, they have the option to exchange a profitable cryptocurrency for USDT, thereby mitigating concerns about high volatility. Tether offers several advantages, including:
- Low volatility
- High availability
- Available in multiple fiat currencies
- Low fees
- Fast transactions
Even beyond realizing profits, Tether is incredibly practical. Having a certain amount of USDT in one's portfolio is always beneficial, as there's hardly any coin that cannot be exchanged for USDT. Not to mention, Tether is considered the safest stablecoin on the market.
Tether for Exchanges
No exchange should overlook integrating Tether, as it plays a pivotal role in the cryptocurrency ecosystem. In fact, it's the most actively traded digital currency, even outperforming Bitcoin in this regard. The key benefits for exchanges include:
- Easy integration
- Excellent liquidity
- Great functionality
- Cutting-edge technology
- Very high trading volume
Nearly all exchanges are aware of these advantages. Essentially, there's no CEX or DEX where you'd have to go without USDT. Tether is available on exchanges such as:
As you can see, the options are vast. There are few cryptocurrencies as easily accessible as USDT, making it highly user-friendly, a benefit that extends to players in Tether casinos.
Tether for Traders
Despite the growing acceptance over the years, only a few traders utilize cryptocurrencies. This could soon change, largely thanks to stablecoins like Tether. Unlike other cryptos, USDT offers a real alternative for traders to provide their customers with a means to purchase services and products.
Tether presents several advantages for traders, including:
- Low volatility
- Good liquidity
- Easy integration
- Compatibility with various blockchains
- Fast transactions with low fees
Admittedly, not all cryptocurrencies are suitable for transactions, but USDT stands out in this area. For good reason, Tether is one of the cryptocurrencies with the highest market capitalization.
Tether truly caters to all target groups, thanks to its user-friendliness and versatility. The only downside to this cryptocurrency is its low profitability, as sudden price surges, unlike with other stablecoins, are very unlikely.
How to get USDT tokens
If you're now fully convinced about USDT and want to acquire your tokens, you might be wondering how to get your hands on Tether.
Can I mine Tether?
Tether stands apart from most other cryptocurrencies in that USDT tokens cannot be generated through mining. As has been explained several times, Tether is pegged to the value of the US dollar.
Generating new tokens through unpredictable mining processes would go against the very idea of this digital currency - the stablecoin is intended to always have the same value as the US dollar.
Can I buy Tether on cryptocurrency exchanges?
If you're mainly interested in using Tether for crypto casino gaming, there's a great alternative: purchasing on the open market. This is the simplest and safest way to acquire Tether. Tether has become a staple in the portfolio of virtually every crypto exchange, and for good reason.
When traders want to buy and sell cryptocurrencies, constantly transferring between fiat or crypto can be cumbersome. This is where the stablecoin USDT comes in handy. Because 1 USDT always has the value of 1 US dollar, the coin is often used to purchase other cryptocurrencies - Tether acts as a link in this process, a means to an end.
In fact, over 80% of all Bitcoin trading is now done in Tether. As you might guess, Tether is available for purchase at virtually every crypto exchange - for example, at Binance, Bitpanda, Coinbase, or Kucoin, to name just a few. At these exchanges, you can conveniently buy Tether tokens with a bank transfer or credit card.
These Advantages are Offered by a High-Quality Tether Casino
Tether is becoming increasingly popular as a payment method not only in trading but also in crypto casinos. Let's explore why this is the case and the benefits you can personally gain from playing in a USDT casino:
1. Tether’s Value Stability:
One of the main reasons for using USDT in online gambling is the coin's value stability. With Tether as a payment method, you're not exposed to unpredictable price fluctuations.
This can be particularly beneficial for newcomers: If you're not yet fully acquainted with the world of crypto casinos, playing with Tether eliminates the hassle of constant conversions.
Playing with cryptocurrencies like Bitcoin or Ethereum might quickly lead to losing track of how much money you've actually spent.
This won't happen with Tether, as its value always aligns with the US dollar. It's like playing with a fiat currency while still enjoying all the benefits of crypto gambling.
Moreover, Tether's value stability almost completely shields you from the volatility of the crypto market, which is a huge advantage, especially if your primary interest is in online casino gaming.
Imagine wanting to play in a Bitcoin casino and buying a stash of Bitcoin for that purpose. However, the value of Bitcoin might drop in the following days, leaving you with much less gaming budget than planned.
With Tether, you're on the safe side! Suppose you decide to play with 100 US dollars in a Tether casino and buy USDT with the equivalent value. Even after months, your budget will still have roughly the same value. Passive losses are almost nonexistent in a USDT casino.
2. Rapid Payment Processes with Tether:
When Tether was founded in 2014, it was initially called "Real Coin" and was based on the blockchain technology known from Bitcoin.
After renaming it to USDT, the founders of Tether changed their strategy and have since been relying on the proven blockchain of Litecoin. The advantage of this blockchain technology is a significantly higher transaction speed!
While transfers with conventional payment methods can often take several hours or even days, you can start playing immediately after making a deposit with Tether. The same applies to withdrawals! If it's important for you to have your casino winnings transferred to your account as quickly as possible, then a Tether casino is the right choice for you.
3. Tether as One of the Safest Cryptocurrencies:
Since Tether is hosted on many trustworthy blockchain networks (Bitcoin, Ethereum, EOS, Tron, Algorand, and OMG Network), its basic security is ensured by the miners who secure these networks with Proof-of-Work or Proof-of-Stake.
These platforms also conduct regular audits to ensure that the cryptocurrency's code is up-to-date and reliable.
Another aspect that speaks for the security of the Tether coin is the following: For every USDT token in circulation, a US dollar is held in reserve. This was recently confirmed by the law firm FSS. In general, you can always check various audits to reassure yourself about the security.
4. High Level of Anonymity in Tether Casinos:
In a USDT casino, you operate largely anonymously. It's usually not necessary to provide personal data when playing with the Tether coin. During registration, you're only asked to provide a username, a password, your wallet ID, and your email address. Your name or other sensitive personal information, like bank details, etc., thus cannot fall into the hands of third parties.
If online gambling is a private matter for you, you will definitely not be disappointed in a USDT casino. Anonymity and security are highly valued here! You can focus on what should be in the foreground without worry: the fun of playing.
The level of anonymity in a Tether casino ultimately also depends on whether you need to undergo a KYC verification or not. Admittedly, crypto casinos without KYC are very rare, due to most having a reputable license. If you wish to play 100% anonymously, you will have to stick to an online casino without a license or with a weak license.
5. Often Attractive Bonus Offers in Tether Casinos:
When you register new in a Tether casino, of course, you wish for a bonus in the form of starting credit.
Many USDT casinos offer great welcome deals or free spins to win new casino players. But it gets even better: Not only as a new customer will you be rewarded with a bonus, but as an existing customer, you can also look forward to ongoing promotions and bonus offers. Thus, in Tether casinos, there are often cashback actions, reload bonuses, and sometimes tournaments or competitions where you can snag attractive wins. Signing up can really pay off!
USDT Casino Alternatives
| Cryptocurrency | Number of casinos |
|---|---|
| Bitcoin Casinos | 96 |
| Ethereum Casinos | 28 |
| Litecoin Casinos | 26 |
| Bitcoin Cash Casinos | 25 |
| Dogecoin Casinos | 25 |
| Binance Coin Casinos | 15 |
| Cardano Casinos | 11 |
| Dash Casinos | 7 |
| Shiba Inu Casinos | 6 |
| Tron Casinos | 5 |
This is how you can evaluate whether a USDT casino is legitimate.
In essence, the bank can categorize Tether Casinos as secure and trustworthy. Nevertheless, you should check a few simple things before you entrust your money to the online casino!
The quickest way to accomplish this is to click the “Legal” or “About us” links, or go to the bottom of the Tether Casino homepage.
You may now examine the license for USDT Casino in more detail.
You ought to stay away from a Tether Casino if it lacks a license.
If the supplier holds a state gaming license from Malta or Curaçao, the situation is the exact reverse. Online casinos must achieve specific payout percentage requirements, ensure fair play, and offer dependable service to qualify for these honors. You may therefore trust gambling services who hold these licenses with your USDT tokens.
Other security elements include the website's SSL encryption, well-known game suppliers, and various payment options.
But the 24/7 availability of live chat and phone customer care also demonstrates how serious a Tether casino is.
A casino is almost always a reliable provider if its website also includes information about its terms and conditions, privacy policies, and responsible gaming.
But if you prefer to play it safe, it's best to look for one of the crypto casinos off! All casinos in this list have been extensively tested by us.
In principle, almost all Tether casinos are reputable. Black sheep are an absolute exception. Nevertheless, it's better to make sure before you start playing. Our Tether casino reviews can help you with that!
Tether Under Scrutiny and the Watchful Eyes of Regulatory Authorities
So far, we've primarily discussed the benefits of Tether and its connection to casinos. However, to provide you with a complete picture, we now turn to some of the criticisms of the cryptocurrency:
Controversies
Tether has raised transparency questions concerning its dollar reserves.
Critics claim that there is insufficient evidence to confirm the 1:1 backing with the US dollar, which raises concerns about Tether's stability and reliability.
Additionally, there have been accusations that Tether could be used for market manipulation, especially regarding the price of Bitcoin. Regulatory challenges and legal investigations in various countries have further shaken confidence in Tether.
Risks for Investors and Users
For investors and users, Tether carries risks ranging from the general volatility of the crypto market to specific concerns about backing by real dollar reserves.
The fear of not being fully backed could lead to a loss of confidence, potentially triggering a run on Tether and destabilizing its value. Investors and users should be aware of these risks and recognize the importance of carefully examining Tether’s financial reserves and the credibility of its audits.
Responses from Tether and Regulatory Authorities
Tether and regulatory authorities have responded differently to the criticism and regulatory investigations.
Tether has attempted to provide more transparency by publishing reports and audits to prove the backing of its tokens by US dollars.
Regulatory authorities in various jurisdictions have taken steps to review Tether's business practices and ensure compliance with the laws. These efforts aim to strengthen user trust and ensure the integrity of the cryptocurrency market.
Conclusion: Tether Casino is the best cryptocurrency for players of online casinos.
All types of players will like the USDT coin. Any potentially dangerous cryptocurrency speculation to fund a crypto casino is a thing of the past. When used in online casinos, Tether ensures a reliable, value-stable budget while maintaining all the benefits of a cryptocurrency (anonymity, speed, Security).
Today, USDT is used by almost all casino companies, and we think this hype will last a very long time.
Tether Casino FAQ
The most frequently asked questions about Tether Casinos are answered here for your convenience.
In terms of market capitalization, Tether is the most successful and the oldest stablecoin. The chosen goal of stable coins is to minimize massive price fluctuations, as we know them from Bitcoin, for example.
Stable coins are linked to set values to do this. This is also the case with Tether: The USDT rate is basically identical to that of the US dollar at all times.
The USDT token has long been available on all well-known crypto exchanges. You can use Tether on exchanges like Binance, Bitpanda, Coinbase or Kucoin on fair terms.
We have carefully examined each Tether Casino that we recommend lower down this page for security and seriousness.
Your USDT tokens are therefore in excellent hands at your chosen Tether Casino if you also verify the security measures we have listed there and the casino complies with them.
The fact that you may typically make unlimited deposits and withdrawals is one of the key factors in why crypto casinos are outpacing conventional real money casinos.
The choice of currency is typically immaterial for the limitless payments, which at least apply to the majority of well-known suppliers. It is also available with the USDT coin without restrictions!
Furthermore, even if a limit is stated, it typically only applies to one transaction. Theoretically, you could also just deplete or replenish your customer account gradually. Pay close attention to the network transaction costs, though!
Typically, when it comes to bonus offers, casino providers do not make a distinction between the various cryptocurrencies. If you want to use Tether and there is a comparable offer for new users, you should often be able to make use of the initial credit.
However, these offers frequently need a deposit. Therefore, to take advantage of new customer bonuses and reload bonuses, you should have a particular quantity of USDT tokens available.
The best Tether Casinos at a Glance
1. mBit Casino: A Tether Bonus Like No Other
Key advantages include:
- Welcome bonus of up to 72,000 USDT
- Strong long-term bonus offerings
- Wide selection of games
- Fast registration
- Reliable live chat
The bonus offer of an online casino is one of the most critical aspects when choosing a provider. For good reason! A lucrative bonus helps ease your start into gaming by providing additional free spins and starting capital. That's why we always recommend looking at the welcome bonus of online casinos first. And at mBit Casino, this look is particularly worthwhile!
With your first deposit, you are immediately rewarded with a 100% deposit bonus and 100 free spins. The incredible part is the amount of this bonus, as you can receive up to 20,000 USDT. Such a high sum is indeed rare.
The bonus for the second deposit is even better. You get another 100% and 100 free spins, but this time up to 26,000 USDT is possible.
Not enough for you? Well, the best bonus is for the third deposit anyway. This time you are greeted with a deposit bonus of 125% and, as with the second deposit, up to 26,000 USDT is possible. In total, you can accumulate a massive bonus balance of up to 72,000 USDT. We could hardly believe it ourselves!
2. Cloudbet: Rewarding Your Loyalty
Key advantages include:
- Welcome bonus of up to 50,000 USDT
- Wide range of payment methods
- Numerous games from popular developers
- 2 (!) gambling licenses
- 24/7 live chat
Cloudbet has earned the second spot on our list of the best Tether casinos: This USDT casino offers new players a 100% deposit bonus of up to 50,000 USDT.
However, the Cloudbet bonus is paid out according to a special system. Every time you play a casino game, you earn loyalty points
For every 150 loyalty points earned, 20 USDT is directly transferred to your Cloudbet account. Plus, you get 300 free spins.
Besides the welcome bonus, we want to highlight the strong portfolio. If you choose Cloudbet, you'll have access to more than 3,000 games from popular software developers. You definitely won't get bored!
3. TrustDice: One of the Highest-Rated Tether Casinos
Key advantages include:
- Up to 30,000 USDT for the first three deposits
- Over 8,000 different games
- 24/7 support for all players
- Good betting offer
- Up to 20% cashback
Unsurprisingly, TrustDice is one of the highest-rated crypto casinos on the market. The portfolio alone, with over 8,000 games, is impressive. You'll find a wide selection of crash games, slots, table games, and more.
It's hard to believe, but the bonus offer is even better, and not just because of the up to 20% cashback. Even more impressive is the welcome bonus of up to 30,000 USDT. The bonus extends over three deposits.
- First deposit: 100% up to 10,000 USDT
- Second deposit: 75% up to 10,000 USDT
- Third deposit: 50% up to 10,000 USDT
Moreover, you can receive not only up to 30,000 USDT but also an additional 25 free spins. Given the high deposit bonus, this might not seem too spectacular, but it's still a nice gesture.
4. Metaspins: Up to 10,000 USDT in One Go
Key advantages include:
- Up to 10,000 USDT for new customers
- High rakeback of up to 60%
- Option to buy crypto
- Lottery with jackpot
- Many games with good payout rates
At Metaspins, you're rewarded for just the first deposit, but that alone is enough, as up to 10,000 USDT is by no means a bad bonus for a Tether casino. Moreover, the turnover requirements of x40 can realistically be met.
Besides the welcome bonus, we also want to mention the loyalty program with up to 60% rakeback. It's aimed at all loyal players and rewards you for your bets. The higher your level, the more money is refunded from your losses. Starting from level 25, you get up to 25% rakeback. Read the full review!
5. Betplay.io: Super Fast Payouts for All Winnings
Key advantages include:
- 100% Welcome Bonus on the first deposit
- Super fast crypto transactions
- Drops & tournaments with high prize pools
- Website available in multiple languages
- Exciting VIP program
The welcome bonus at Betplay.io may not be as high as at most other Tether casinos, but it still amounts to 100% up to 0.05 BTC. In addition, there are other bonuses such as an interesting loyalty program for loyal players as well as drops & tournaments with massive prize pools of over one million euros.
What really sets this online casino apart, however, is the integration of the Lightning Network. If you have a compatible wallet, you can not only deposit cryptocurrencies instantly, but also benefit from extremely fast payouts. So, you won't have to wait long for your winnings. Read the complete review!
