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Amid the crypto market's wild fluctuations, the Tether (USDT) seems like an oasis. Indeed, it’s one of the most popular stablecoins since its value is pegged to the USD, which means that USD 1 equals USDt 1. For this reason, many investors who are still taking their first steps into the crypto world prefer to start with USDt. Better still, Tether is widely accepted by businesses and platforms that operate with cryptocurrencies.
Unsurprisingly, it has become a trendy option among online gamblers, which is why it’s so easy to find an online crypto casino these days. Apart from the safety and anonymity that crypto payments provide, players can be fairly sure they won’t suffer from market slumps. Here’s what gamblers need to know about the USDt and how to make the best out of it on the tables.
USDT Overview
Tether is, by far, the most dominant stablecoin, holding 70% of market share among its kind. Not many cryptocurrency investments allow investors and owners to retain value with a crypto asset, but it’s possible with Tether. It’s very easy to set up a wallet and acquire USDt, and it’s even easier to make online transactions with it.
There are even crypto credit cards available, with which users can make payments just like with regular credit cards. Tether started off this year in a bullish momentum, reaching a market cap of over USD 140 billion. Should the trend stay on its course, it’s very close to reaching its all-time high market cap of USD 1.2154900000. Price fluctuations are so slim for this stablecoin that market projections point out that USDt 1 will remain equal to USD 1 throughout the year. In other words, it’ll remain pegged to the American dollar.
Tether and Online Gambling
Tether is an excellent option for online transactions in general, and gambling is just one of them. Platforms like Bety are perfectly adapted to welcome crypto gamblers, and Tether is becoming a prevalent payment method in this context for all good reasons. For instance, it’s much easier to control expenses with this crypto since users don’t need to convert it constantly; the value is always the same.
Transactions with Tether are much faster and cheaper than traditional methods. Additionally, users don’t need to share their banking information with the platform, which means more safety and privacy. Better still, players are more likely to find more advantageous house edges with this payment method. It’s possible because crypto casinos spend much less on operational costs, which is often reversed in more attractive RTPs (return to player).
Crypto casinos also offer more games than traditional ones. In fact, players will only find some options there, like exclusive sports betting markets and live dealer games. More importantly, crypto casinos are completely transparent, thanks to blockchain technology, allowing users to verify the validity and fairness of every result.
How to Find the Best Crypto Casinos with Tether
Tether is a fairly new project that has only recently begun to be adopted by online gambling platforms. That’s why users shouldn’t be surprised to find out that there are far more platforms dealing with Bitcoin and Ethereum than with Tether. Yet, its adoption is rising fast in this niche, and new platforms are emerging. How do you choose the best among them, though?
In addition to the variety of games, users must pay attention to whether the platform is aptly licensed by the UK Gambling Commission (UKGC), Malta Gaming Authority (MGA), or similar institutions to operate legally. So, that’s the first information users should check before creating an account.
The best platforms provide a wide range of games and betting options, with live customer support working around the clock. Fees and processing times are usually very low, but they may vary across different platforms. So, players are advised to compare fees and timeframes before signing up.
Players are also advised to compare promotions and bonuses across platforms. Every platform has a welcome offer, and they’re usually eye-catching. However, there are many other types of bonuses, and the most competitive gambling sites offer a solid bonus scheme. Anyway, it’s necessary to read the terms and conditions carefully to ensure the eligibility criteria will be met.
Here’s a checklist for finding the best crypto casinos:
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It holds a valid license
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It accepts USDt as a payment method
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It has a wide variety of games and markets
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It has a comprehensive bonus scheme
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It provides multilingual customer services 24/7
How to Buy Tether
Not many gambling sites allow players to purchase cryptos on their platforms. This means that users must set up a wallet and purchase tokens before the fun starts. Luckily, it’s a very simple and beginner-friendly process. It’s possible to choose between centralized and decentralized exchange.
Platforms like Coinbase, Kraken, and Binance are perfect examples of centralized exchange. They’re very reliable and count on years of market expertise. In contrast, decentralized exchanges allow users to trade cryptos peer-to-peer and are much less stringent regarding KYC. Players will also have to create an account and a wallet to store their cryptos.
When it’s all set up, it’s time to deposit funds. It’s possible to use credit cards, cash, or other cryptocurrencies as well. Then, users can convert the deposited amount into USDt. They can either leave it there or transfer it to a custodial wallet. Anyway, after this point, players are ready to head to their favorite gambling sites.
FAQ
How volatile is USDt?
Tether is a stablecoin which, as the name suggests, doesn’t fluctuate much. Indeed, it’s not always precisely pegged to the USD, varying a few cents above and below the mark. Nevertheless, such fluctuations are rather small and rarely last more than a few hours.
Where can one buy USDt?
Several centralized exchange platforms, such as Kraken, Binance, and Coinbase, offer Tether. The registration and purchase process is quick and simple. Alternatively, it can be found on decentralized platforms, where it’s traded P2P with other users.
What are the advantages of gambling with Tether?
There are many advantages to using this payment method. Since USDt 1 equals USD 1, it’s very easy to keep track of deposit limits, winnings, and losses. Play responsibly.