Online-Glücksspiel boomt! Die Gaming-Branche hat sich in den letzten Jahren stark weiterentwickelt – der Spielemarkt wächst und wächst und wächst.
However, this development is not solely due to the corona pandemic. Because online gambling has also undergone a major structural change. All of this can be succinctly summed up in a single word: cryptocurrencies.
In this article, we're going to talk about a specific cryptocurrency that's still flying a little under the radar of most gamblers - unfairly so, we think!
It's about Tether (USDT). What is behind this new currency, which is also sometimes referred to as the "digital US dollar"?
Best Tether USDT Casinos
You will learn everything in this guide. What you need to know about Tether. We will explain what the cryptocurrency is all about and how you can get your own tether coins. However, we will increasingly focus on the use of Tether in so-called Tether Casinos.
So, after reading this article, you will know how to play in a tether casino and the advantages of using tether in the casino. Finally, we will introduce you to a few of our favorite Tether Casinos!
What actually is Tether?
Surely you - like most crypto investors - have thought twice about buying Bitcoins or other crypto coins. You have informed yourself well and weighed the risks ... and rightly so!
Above all, it is the constant price fluctuations that make many people hesitate when it comes to deciding whether to invest in cryptocurrencies or not.
And it was precisely from the idea of circumventing this problem that Tether (USDT) was born – a digital asset that has become very popular in the crypto ecosystem.
Tether – the first and most popular stable coin:
Tether is a so-called stable coin. This means that the digital coin is linked to the rate of a real money currency - in the case of Tether, this is the US dollar.
As the term stable coin already suggests, this means that the price of tether - in contrast to that of other cryptocurrencies such as bitcoin - hardly fluctuates. The exchange rate of the US dollar and that of Tether are always identical!
For this reason, the USDT is primarily used for trading Bitcoin and other cryptocurrencies. But Tether is also becoming increasingly popular in other areas - not least in the gaming industry.
Fun Fact: With Tether, the name says it all. Translated from English, “to tether” means nothing more than “to bind to something” – in the case of tether, of course, we are talking about the US dollar. Because the digital currency is now firmly linked to this equivalent value.
How Tether works
Similar to how the European Central Bank issues printing orders for banknotes, USDT can also be minted at any time. If demand increases, the number of tokens can be increased by minting new USDT.
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.
Conceptually, several blockchains form the technical basis for Tether. These include Bitcoin (Omni and Liquid protocol), Ethereum, Litecoin, Tron, EOS, Algorand and various other blockchain projects.
How to get USDT tokens
If you are now completely convinced of USDT and want to buy your own tokens, the question of course arises as to how you can get Tether.
Can I mine Tether?
Again, Tether differs from most other cryptocurrencies. This is because USDT tokens cannot be mined. As explained several times, Tether is tied to the value of the US dollar. Generating new tokens through mining processes that are difficult to predict would run counter to the basic idea of the digital currency - the stable coin should have the same value as the US dollar at all times.
Can I Buy Tether on Crypto Exchanges?
But if you are primarily interested in playing with Tether in the crypto casino, there is a great alternative: buying in the free market.
This is the easiest and safest way to get Tether.
Tether is firmly established in the portfolio of almost every crypto exchange and there is a reason for that. When traders want to buy and sell cryptocurrencies, it is tedious to constantly transfer back and forth between crypto and fiat funds. The USDT stable coin can help here.
Because 1 USDT is theoretically always worth 1 US dollar, the coin is often used to buy other cryptocurrencies - Tether is a link in this process, so to speak, a means to an end.
In fact, over 80% of all Bitcoin trading is now done in Tether.
So, as you can probably already imagine, Tether can be bought at pretty much every crypto exchange – for example at Binance, Bitpanda, Coinbase or Kucoin, just to name a few. These exchanges allow you to conveniently purchase Tether tokens using an electronic transfer, bank transfer, credit or debit card.
A high-quality Tether Casino offers these advantages
But Tether is not only becoming more and more popular as a means of payment for trading. The currency is now also firmly established in crypto casinos. Why this is the case and what advantages you can personally derive from playing in a USDT casino - we will explain that to you now:
1. Tether impresses with its value stability:
One of the main reasons for using the USDT in online gambling is the value stability of the coin. With Tether as a means of payment, you are not exposed to large, unpredictable exchange rate fluctuations.
This can be of great use, especially for newcomers: If you are not quite familiar with the world of crypto casinos, there is no annoying conversion when playing with Tether.
An example: If you play with cryptocurrencies like Bitcoin or Ethereum, you may quickly lose track of how much actual money you have already wagered.
This cannot happen to you with Tether - because the value always adapts to the US dollar. It's like playing with fiat currency while still enjoying all the benefits of crypto gambling.
In addition, thanks to the value stability of Tether, you can almost completely escape the volatility of the crypto market. This is a huge advantage, especially if you are primarily concerned with playing in the online casino.
Imagine you want to play in a bitcoin casino and buy a supply of bitcoin for this purpose. Now, however, it can happen that the value of the bitcoin falls in the next few days and you ultimately have much less gaming budget available than planned. With Tether you are on the safe side here! Suppose you decide to play in a Tether Casino with 100 US dollars and buy USDT with the equivalent value. Even months later, your budget will still be roughly the same value. Passive losses are therefore almost impossible in a USDT casino.
2. Payment processes with Tether are extremely fast
When Tether was founded in 2014, the currency was still called "Real Coin" and was based on the blockchain technology known from Bitcoin.
Since the renaming to USDT, the founders of Tether have changed their strategy and since then have relied on the proven Litecoin blockchain. The advantage of this blockchain technology is a significantly higher transaction speed!
While transfers with conventional means of payment can often take several hours or even days, you can start playing immediately after making a deposit with Tether. The same goes for payouts, of course! So if you attach great importance to having the money you have earned in the casino in your account as quickly as possible, then a Tether Casino is just right for you!
3. Tether is considered one of the safest cryptocurrencies
Since Tether is hosted on many trusted blockchain networks (Bitcoin, Ethereum, EOS, Tron, Algorand, and OMG Network), basic security is provided by the miners who keep these networks secure with Proof-of-Work or Proof-of-Stake .
These platforms also conduct regular audits to ensure that the cryptocurrency 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, 1 US dollar is set aside as a reserve. This was recently confirmed by the law firm FSS.
4. Tether Casinos offer a high level of anonymity
In a USDT casino you act largely anonymously. As a rule, it is not necessary to provide personal data when playing with the Tether coin. When registering, you will only be asked for a username, a password, your wallet ID and your email address to name. Your name or other sensitive personal data, such as bank details, etc., cannot fall into the hands of third parties. If online gambling is a private matter for you, you won't be disappointed at a USDT casino. Security and anonymity are very important here! Carefree and reassured, you can concentrate on what should be in the foreground anyway: having fun playing.
5. In Tether Casinos there are often attractive bonus offers
If you are new to a Tether Casino, you will of course want a new customer gift in the form of starting credit.
Many USDT casinos offer great welcome offers or free spins to attract new casino players. But it gets even better: not only as a new customer will you be rewarded with a welcome bonus, but also as an existing customer you can look forward to ongoing bonus offers and promotions. Tether casinos often have cashback promotions, reload bonuses and sometimes tournaments or competitions where you can dust off attractive prizes.
This is how you check the seriousness of a USDT casino
Basically, Tether Casinos can be classified as safe and fair by the bank. Nevertheless, you should check a few simple things before you entrust your money to the online casino!
The easiest way to do this is to scroll down to the bottom of the Tether Casino homepage or click on the "About us" or "Legal" sections.
Now you can take a closer look at USDT Casino's license.
If a Tether Casino does not have a license, you should rather keep your hands off it.
The opposite is the case if the provider has a state gaming license from Curacao or Malta. In order to receive these awards, online casinos must meet certain payout percentages, guarantee fair play and provide reliable support. For this reason, you and your USDT tokens are in good hands with gambling providers with these licenses.
Other security features would be, for example, SSL encryption of the website, prominent game providers and a choice of different payment methods.
But customer service, which is available around the clock by phone or via live chat, also speaks for the seriousness of a Tether casino.
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.
Tether Casino FAQ
Here we have collected the most frequently asked questions about Tether Casinos and answered them for you!
1. What is a stablecoin?
Tether is both the oldest and the most successful stablecoin in terms of market capitalization. The chosen goal of stable coins is to minimize massive price fluctuations, as we know them from Bitcoin, for example.
To achieve this, stable coins are tied to fixed values. This is also the case with Tether: The USDT rate is basically identical to that of the US dollar at all times.
2. Where can I buy Tether?
3. What are the risks associated with playing at USDT Casinos?
All Tether Casinos that we suggest further down on this page have been thoroughly tested by us for security and seriousness. So if you also check the security features we have mentioned at your desired Tether Casino and the casino complies with them, then your USDT tokens are definitely in good hands there!
4. Does Tether Casino have a deposit or withdrawal limit?
Most crypto casinos allow you to make unlimited deposits and withdrawals - one of the main reasons why crypto casinos are increasingly gaining ground over traditional real money casinos.
For the unlimited payments, which at least apply to the majority of well-known providers, the choice of currency is usually irrelevant - it is also possible with the USDT coin without restrictions!
And even if a limit is specified, this usually only applies to a single transaction. Theoretically, you could also simply empty or top up your customer account in several stages. However, pay attention to the network transaction fees!
5. Is there an exclusive Tether bonus in online casinos?
As a rule, casino providers do not differentiate between the individual cryptocurrencies when it comes to bonus offers. If there is a corresponding offer for new customers and you decide to play with Tether, you should be able to claim the starting credit in most cases.
However, such promotions are often tied to a deposit. So you should have a certain amount of USDT tokens ready to benefit from new customer bonuses and reload bonuses.
Conclusion on Tether Casino: The optimal cryptocurrency for casino players
Players of all kinds will enjoy the USDT coin. Any – possibly risky – speculation with volatile cryptocurrencies just to buy into a crypto casino is a thing of the past. Tether as a means of payment in online casinos guarantees a solid, value-stable budget and still has all the positive properties of a cryptocurrency (anonymity, speed, Security).
Almost all gambling providers now rely on USDT and we believe that this hype will by no means be short-lived!
The best Tether Casinos at a glance
1. mBit Casino: A Tether Bonus that is second to none
The most important advantages at a glance:
- 110% Neukundenbonus von bis zu 1.000 USDT
- Long term strong bonus offer
- Large game selection
- Quick registration
- Reliable live chat
The bonus offer of an online casino is one of the most important aspects when choosing a provider. And for a good reason! A lucrative bonus helps to make your start in the game noticeably easier by offering you additional starting capital, free spins or other advantages. That's why we always recommend taking a look at the welcome bonus of online casinos first. And at mBit Casino, this look is really worth it!
Up to 1,000 USDT Bonus are waiting here for new customers who deposit in Tether at mBit Casino. You will also receive an additional pack of 300 Free Spins.
If you deposit again afterwards, you can look forward to an additional 50% up to a maximum of 2,500 Tethers and a third 75% bonus of up to 1,500 USDT.
2. Cloudbet: Here you will be rewarded for your loyalty
The most important advantages at a glance:
- Extensive welcome bonus
- 300 free spins equivalent to 50 EUR minimum deposit
- Lots of games from popular developers
- 2 (!) gambling licenses
- 24/7 live chat
Cloudbet made it to number 2 on our list of the best Tether casinos: This USDT casino offers new players a 100% deposit bonus 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 will be sent directly to your Cloudbet account. On top of that you also get 300 Free Spins!
3. Trueflip: The all-rounder casino with an attractive Tether Cashback Bonus
The most important advantages at a glance:
- Lucrative Cashback bonus of up to 20%
- Numerous cryptocurrencies (including USDT)
- Top license from Curacao
- Quality casino games
- Simple registration process
Last but not least: The Trueflip Casino. This casino attracts new customers with a sizeable cashback bonus. At Trueflip the cashback bonus is up to 20%. This means that if you lose 10 USDT, you will automatically be refunded up to 2 USDT.
In addition to the cashback bonus, Trueflip shines above all with its game selection. The online casino's portfolio includes numerous high-quality online slot machines from first-class providers such as Blueprint Gaming and ELK Studios.