Tether is a type of cryptocurrency that’s referred to as a stablecoin, making it preferential for online casinos that want to accept digital currencies with a little more backing. Tether is increasingly used in online stores, and it’s fast becoming a popular source of funding for casino games the world over.
Tether is a notable currency that’s actually the most popular, and the first-ever, stablecoin made available to the public. A stablecoin is a type of cryptocurrency that’s tethered (hence the name) to fiat, or traditional, currencies, therefore providing a little less volatility in value and risk. This means that users still benefit from the anonymity and efficiency of crypto spending, without the need to worry about losing money in changing over to the currency.
Tether was launched back in 2014 as a stable answer to Bitcoin and other cryptocurrencies. The Tether platform was also the first to accept trading in fiat money. It’s unsurprising to see it picking up interest in the online casino industry.
Before depositing Tether at a participating crypto casino, you’ll need to set up a digital wallet. There are multiple to choose from, and you will need to link it to the casino you want to pay into.
Opening a Tether wallet is a fairly simple process. There are, however, a lot of different wallet brands and types out there, some of which actually use hardware to process funds, and others that you can use online. What’s more, there are Tether wallets that are free, while others will require some fees for you to make transactions.
Setting up a Tether wallet is likely to be as simple as providing a few details that you need to verify. For example, you may need to provide an email address. However, given that depositing and banking with Tether revolve around anonymity, it is safe to say you will not have to provide anything too identifiable during the process.
Once you have verified and set up your Tether wallet, you can then log in whenever you’d like to deposit at your chosen casino.
Buying services and products with Tether elsewhere is also simple. However, it’s a process that will vary from merchant to merchant. The process may also vary from wallet to wallet as well, so always make a point to look carefully at what’s expected from you.
Buying casino credit with Tether, however, is refreshingly simple. As mentioned, it’s simply a case of linking your wallet, setting what you’d like to pay in and then watching the money enter your gaming account.
Connecting a Tether wallet to an online casino doesn’t have to be difficult or even technical or complex. In fact, most participating slot and gaming sites adopting crypto understand that players are looking for quick, easy ways to fund their accounts without ties to physical banks.
Tether wallets are widely accepted at crypto-friendly sites. The process listed above is the standard for most mobile casinos in general – but as always, there may be a few variations from site to site. Make sure to research your chosen casino before you go ahead and find a Tether wallet of your own.
– It’s connected to fiat money, making it more stable in terms of value in and out.
– It’s widely accepted by most cryptocurrency-friendly casinos and slot sites.
– It’s virtually anonymous and extremely speedy to pay in and cash out.
Great news – you can bet using Tether at a huge array of different slot sites, online casinos, sportsbooks and more. Tether is a stablecoin, which means that many gaming providers are likely to be more open to this type of crypto compared to a more volatile alternative.
There are many different cryptocurrencies to choose from out there, and the main reason why Tether is so popular with online gamers is the fact that it’s one of the most versatile. While you may find that Bitcoin and Ripple are perhaps more widely accepted, the stable nature of Tether assures online casinos and sportsbooks that they can rely on the value in transfer.
This means that the money you pay into an online casino with Tether is unlikely to vary as wildly as, say, Bitcoin. Tether’s links to fiat money mean that it, for the most part, follows established currency. It’s easy to find Tether-participating casinos and sports betting as well, with plenty of online poker sites and esports betting services also accepting the stablecoin across the board.
Tether is a ‘safe’ option for both online casinos and bettors alike, as there’s unlikely to be much variance. However, it’s also worth looking at casinos that accept other cryptocurrencies.
There hasn’t been a better time to start betting with Tether. While many people prefer Bitcoin and Ethereum for trading value, Tether has emerged as a stable alternative that’s only growing more popular in the online gaming world. Whether for slots, sports or live casino gaming, there’s set to be serious uptake in Tether across global games for years to come. Therefore, if you are interested in the anonymity of crypto and want to play some casino games, it may be a safer choice than most.