What is Tether?

Tether (USDT) is the most popular of about 10 existing stablecoins. Stable currencies are cryptocurrencies whose value is linked to the value of something else, such as oil, $ota, silver, diamonds or fiat currencies (i.e. traditional currencies such as the euro, US dollar or British pound). Tether was founded in 2014 and due to its stability is now in the top 5 most popular cryptocurrencies in the world. As the name suggests, Tether is based on the US dollar and its value remains within $ 1.

A few words about Tether casinos

Tether combines the stability of classic currencies with the innovation and flexibility of blockchain technology, which is an open and public decentralized database, making it the perfect currency to play in casinos. It is a much less popular currency than Bitcoin , whether Litecoin , which is why far fewer casinos support it, although their number has been growing recently.

Like everyone else, when you're looking for your crypto-casinos Tether it is very important to carefully check whether a given platform is trustworthy. Below we decided to present a few online casinos available on South South African market that support tether payments:

Wild Coins Casino

Wild Coins casino is 100% based on cryptocurrencies, which means that players who want to bet on classic currencies have nothing to look for here. This Curacao licensed crypto casino gives new players bonuses on their first 3 deposits and up to 400 free spins free spins . All payments and withdrawals are recorded immediately. Also great information is the fact that the casino does not charge any fees for processing payments.

Mbit Casino

MBit casino is a 100% cryptocurrency casino, which means that the player will not find the opportunity to deposit classic currency here. The casino has several thousand titles in its library slot machines and every new player can grab extra cash and free spins for their first 3 deposits.In addition, the casino grants its players daily cashback and various top-ups and special promotions for their activity on the platform.

Other casinos accepting Tether

Examples of other casinos that support Tether are:

• Just Bit
• Slotman
• Trust Dice

Using Tether in a casino step by step

Using Tether for transactions in online casino it is very similar to the process of depositing and withdrawing funds using any other cryptocurrency. What's more, however, it's an extremely fast process and doesn't take much longer than using a debit or credit card.

The exact way to use Tether in cryptocurrency casinos and metaverse casinos it will, of course, vary from side to side, however, the general rules look like this:

• Go to the casino or banking section of your casino account
• Choose Tether as your payment method
• Enter the amount you want to deposit
• The casino will generate a one-time Tether address to which you will be able to send money
• Enter this address into your cryptocurrency wallet along with the amount you want to send.
• If you have a lot of digital assets in your wallet, make sure you send USDT!
• The money should appear immediately in the casino account.

Limits, fees and processing time of Tether payments at casinos

Most casinos that offer cryptocurrency payments do not charge players any additional fees for deposits or withdrawals . However, it should be remembered that such commissions can be collected by the wallet in which the cryptocurrency is stored. Therefore, we recommend that you carefully check the terms of the wallet fees before placing your cryptocurrencies in it.

The limits and duration of payments depend on the casino. The minimum amount of deposits and withdrawals is usually 40-80 SAN. In the case of a cryptocurrency such as Tether, however, the minimum amount can be slightly higher and reach about 200 SAN. On the other hand, however, some casinos do not impose any minimum deposit limits. Therefore, we recommend that you always read the limits that apply to your Tether Platform. Deposits and withdrawals usually take up to a few minutes, however, some casinos need up to 48 or even 72 hours to process the payment from their side.

Tips for using Tether in an online casino

To make it easier for everyone to get started with Tether casinos, we have prepared some tips that can be useful before you start playing.

Check the deposit and wagering limits at the casino before you sign up

Many casinos do not allow cash withdrawals before any betting, which can prove problematic if the player deposits money before checking the betting limits and deposit rules. As a result, it may turn out that by not checking the information, the money was lost, because there is no possibility to withdraw it, or playing with it brought losses.

Take a close look at your portfolio

Cryptocurrencies have been heavily exposed to various attempts of fraud and extortion for years. There are plenty of wallets on the web that are not honest with users or charge much higher commissions than their competition. Therefore, it is always a good idea to check the reputation of a given platform before placing your money on it.

Stable cryptocurrency

Those for whom large price fluctuations of other cryptocurrencies are too risky will find the right coin for themselves in Tether. As a so-called stablecoin, Tether is traded at a 1:1 ratio to the US dollar, as close as possible. Only minimal fluctuations should be expected.

Tether casinos: advantages and disadvantages

Online casinos using Tether offer many benefits. First, with cryptocurrency, you can make more anonymous payments, since it is not necessary to disclose your bank account or credit card details. In addition, thanks to its relation to the US dollar, the value of USDT will not fall suddenly, leading the player to serious losses. Tether payments are also fast and much cheaper compared to other cryptocurrencies, such as BTC.

One of the biggest drawbacks of Tether is its low popularity in casinos. Tether is a much less popular cryptocurrency in casinos than, for example, Ethereum or Litecoin, which means that many platforms still do not support it, despite the numerous advantages mentioned above. In addition, players who hope that due to changes in the exchange rate of cryptocurrencies will be able to gain winnings, in the case of USDT, they have nothing to look for, since its exchange rate changes only minimally.

How to find a safe and trustworthy tether casino

First of all, the casino chosen by the player must have a license. For casinos that support cryptocurrencies, some of the most popular licenses are those issued in Curacao. In addition, player data should be SSL encrypted and customer support available in case of problems encountered. To make sure that a given casino is honest, it is a good idea to check the ratings and comments of players on various online forums. Users should also be able to set their own limits and take a break from the game.

Summary

Due to its relation to the US dollar, Tether is a great choice for players who do not want to risk losing funds by the fall in the value of the cryptocurrency. It is also an ideal method for fast and anonymous payments, burdened with much lower commissions than Bitcoin . Unfortunately, USDT is not the most popular cryptocurrency in online casinos, which makes the choice of platforms quite limited.