Tether

Tether (USDT) is one of the world’s leading cryptocurrencies and the most popular stablecoin on the planet. Its value is fixed, but it’s also tied to the US dollar, which makes it an ideal payment solution for modern online casinos, not to mention its transaction speed and low fees. 

Since crypto is either legal or non-regulated in the majority of the world, Tether is available in most countries. It’s effectively the go-to solution for all casino fans looking to get the benefits of crypto but unwilling to fully transition to this world.

Why Use Tether in Online Casinos

There are benefits of using Tether in online casinos, and here’s a breakdown:

• Stable value — One of the main disadvantages of cryptocurrencies for non-crypto traders is the price volatility. However, since Tether is a stablecoin tied to the value of the US dollar, its value is always reliable. 
• Fast payments — Tether transactions usually take only up to a minute or two to process on most blockchains (USDT can be part of different networks, as it doesn’t have its own blockchain). They take 5–10 minutes on Ethereum on a good day or 30 minutes during high traffic. Casinos typically handle crypto payments automatically, so you won’t be facing any additional waiting time.
• Low fees — Tether transactions come with negligible fees on most blockchains, typically below a single cent or up to $0.06. On Tron, they might go up to a few dollars, but this is still very low compared to fiat methods. Casinos rarely charge fees on crypto payments. 
• Widespread availability — Tether is among the most popular cryptocurrencies in the online gambling realm, so expect to find it in most casinos that accept crypto payments. 

How to Deposit USDT in an Online Casino

Depositing using Tether in online casinos is a simple process, especially after the initial payment. Here’s how that looks:

1. Choose a Tether casino and create an account — Pick a quality online casino that accepts USDT payments and visit its official website. Start the sign-up process and provide the necessary personal information.
2. Visit the Deposit section and choose Tether — Once your account is ready, you’ll likely be transferred to the Deposit section. If not, you’ll find it next to your balance, where you should select Tether (USDT) among the available methods. 
3. Scan the QR code or copy the Tether address — Open your crypto wallet and simply scan the QR code to start the transfer process. Ensure the USDT you have and the casino's address have the same blockchain. Most casinos will typically allow you to choose between different blockchains that are most commonly used for USDT.
4. Add the amount — Input the amount of USDT you want to deposit. Ensure it’s equal to or higher than the minimum requirement for claiming the welcome bonus.  
5. Complete the transfer — Confirm the transfer and wait for the blockchain to validate the transaction. Your funds should arrive within minutes.

How to Withdraw USDT in an Online Casino

Withdrawals are even easier than deposits with crypto. Here’s the usual process in most Tether casinos:

1. Log in to your casino account and visit the Withdrawal area — This is usually found in the Wallet/Cashier section or within the Account area. 
2. Choose USDT — Find Tether (USDT) among the available withdrawal methods and select it.
3. Input your USDT address — Copy the Tether address from your crypto wallet and paste it into the designated area in the casino. Again, make sure the underlying blockchain networks match.
4. Input the amount — Enter the number of USDT tokens you wish to withdraw. Make sure you’ve completed the wagering requirements if you were playing with bonus funds. 
5. Complete the request — Double-check the details you’ve entered and complete the payment request. The casino will likely handle the request automatically, so you’ll only need to wait for the blockchain to validate the transaction. 

Tether Fees and Limits

As you’ve already seen, making payments in online casinos using USDT is very cheap on most blockchains. It’s typically below a cent or up to a few cents on most blockchain networks, though it might be a few dollars high on Tron. 

Both deposit and withdrawal limits are typically quite broad for Tether payments in most casinos, while Tether itself, like most cryptocurrencies, doesn’t have any limits. 

Pros and Cons of Tether for Casino Payments

Here's a breakdown of the main pros and cons of Tether, which should make it easier for you to decide whether to use it in online casinos. 

Profis: 

• Stable value tied to the US dollar
• Fast transactions across blockchains
• Very low fees in most cases
• High privacy
• Worldwide accessibility

Nachteile:

• Regulatory uncertainty in many countries
• Controlled by one entity, making it a centralized crypto
• Security concerns due to centralization

How Does USDT Compare to Alternative Payment Methods?

Tether is often considered a great choice in online casinos precisely because it’s somewhat of a bridge between the crypto world and fiat payments. Its value is stable and ensured by the USD reserves the Tether company holds, which are always equal to or higher than the number of USDT in circulation. 

If you’re looking for alternatives, it’s best to look within the crypto world. You can turn to USD Coin (USDC) if you want the same benefits. It’s also fast, cheap, and tied in value to the US dollar, but there’s more transparency and regulatory compliance. Another great stablecoin is Dai (DAI) because it’s completely decentralized but not as widely used as Tether or USDC.