Tether (USDT) is a stablecoin whose value is pegged to the US dollar. Unlike Bitcoin (BTC), whose value can go up or down by several thousand dollars in a single day, the value of this banking option is always the same – one USDT equals one USD.
This makes gambling with Tether the same as gambling with US dollars, so why would you use this cryptocurrency instead of regular money? Because to gamble with USD, you need to send dollars to your casino account using a third-party payment processor (bank, e-wallet). With USDT payments, only you and the casino know what you’re using this crypto for. Transactions do not require sharing personal or banking information with the casino.
Apart from ensuring your privacy, using USDT for online casino payments is great for many other reasons. It’s cheaper than many other banking methods, with Tether deposits being free of charge at most gambling sites. Many sites also charge no fees on USDT withdrawals, and even those that do, keep the commission to a minimum.
This deposit method is also great for being relatively fast. We say “relatively” because USDT transfers are faster than those made with most other methods, including bank payments, eChecks, and so on. However, Tether usually takes a bit longer to process than Bitcoin and Ethereum. The good news, however, is that you shouldn’t wait too long for your payment to be completed. Usually, everything is done in just a couple of minutes.
Tether is also very easy to buy/sell, with practically all exchanges offering it. All these reasons make this deposit method an ideal cryptocurrency for online gambling, which is why it’s no surprise many gambling sites have added it to their list of accepted deposit/withdrawal methods.
Tether VS Visa Credit Card for Online Casinos
Tether: offers speed, low fees, high security, and anonymity but is less widely accepted and less regulated.
Visa: provides widespread acceptance, regulatory security, and stable transactions but comes with potential fees, longer withdrawal times, and less privacy.
Choose Tether for quick, private transactions with low fees and high security. Opt for Visa if you prefer a widely accepted, regulated method with stable transactions despite potential fees and less privacy.
There are a few dozen online casinos with our stamp of approval that support this crypto – you can find them all on our website!
Another banking option players like to use is EcoPayz.