The Best Tether Casinos in 2021 – Crypto Casinos Accepting Tether

Tether is a fabulous bridge between traditional online casinos and those that accept cryptocurrencies. Below, our experts weigh in on what is driving the rise of Tether casino games, as well as Tether casinos.

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Our Top Tether Casino List

#1
Cloudbet
100% matched deposit bonus of up to 5 BTC + 50 free spins
  • Casino & Live Casino
  • Instant Withdrawals
  • 24/7 Customer Support
* more terms & conditions apply
#2
BetShah
Welcome Bonus: 100% up to €1000 +100 Free Spins
  • 24/7 Online Betting
  • Reload and Cashback Bonuses
  • ISO/IEC 27001:2013 Certified
* more terms & conditions apply
#3
Rolletto
Welcome Package up to 6,000 USDT / EUR
  • Play mini games with cryptocoin
  • Regular bonus promotions
  • Live casino games
* more terms & conditions apply
#4
Rocketpot.io
10% Daily Cashback
  • Crypto casino accepting many cryptocoin
  • Play all the best games with Tether
  • Live casino games with cryptocoin
* more terms & conditions apply
#5
BitStarz
100% match up to 1BTC/100€ play with 200€
  • 2nd, 3rd & 4th Bitcoin deposit bonuses
  • Fast, 10-minute withdrawals
  • Multi-award winning
* more terms & conditions apply
#6
Friday
100% match up to 200€ + 200 free spins
  • Accepts majority of cryptocurrencies
  • Had 100s of games
  • Huge cash drops
* more terms & conditions apply
#7
KatsuBet
500€ + 100 free spins welcome package
  • Accepts loads of currencies
  • Over 5,000 games
  • iTechLab certified
* more terms & conditions apply
#8
mBit
5BTC Welcome Package + 300 Free Spins
  • Over 2,000 games
  • 10-minute withdrawals
  • Ongoing promotions
* more terms & conditions apply
#9
King Billy
5 BTC + Free Spins or €/$1,000 welcome package
  • Most awarded online casino
  • 24/7 live chat
  • Available in multiple languages
* more terms & conditions apply
#10
BetChain Bitcoin
100% match up to 1BTC/200€ + free spins
  • 2nd & 3rd Bitcoin deposit bonus
  • Loads of gaming options
  • Available in multiple languages
* more terms & conditions apply
#11
PlayAmo
100% match up to €100 + 100 free spins
  • Great ongoing offers
  • Live casino games available
  • Withdrawals within 12 hours
* more terms & conditions apply
#12
Bit.io Bitcoin
Great loyalty club
  • Accepts many cryptocurrencies
  • Tournaments & sportsbook available
  • 10% cashback
* more terms & conditions apply
#13
CryptoWild Bitcoin
150% up to 1BTC + 150 free spins
  • Great 2nd, 3rd & 4th deposit bonuses
  • Accepts CoinsPaid
  • Provably Fair technology
* more terms & conditions apply
#14
BetHash.io
100 free spins no deposit required
  • Show currency exchange
  • Stocks lottery games
  • Has Copy Play
* more terms & conditions apply

What Is Tether?

Also referred to as USDT, is the most popular of around 10 stablecoins currently in existence. Stablecoins are cryptocurrencies whose value is pegged to the value of something else, such as oil, gold, silver, diamonds or fiat currencies (i.e. traditional currencies like the euro, the US dollar, or the Great British pound).

In this case, Tether’s value is pegged to the value of the US dollar. When it was first unveiled in 2014, investors were promised that $1 would be reserved for each token they bought. Sadly, while in theory 1 Tether token (or 1USDT) should equal $1, in reality this 1USDT is currently worth around $0.83 only.

Even though the 1:1 ratio is not perfect, Tether remains a popular option for many investors and cryptocurrency owners to this day. Indeed, Tether is the most popular stablecoin in the world, and is one of the top five cryptocurrencies over all. The reason for this is that its value is especially stable when compared to other cryptocurrencies like Bitcoin and Dogecoin, which may fluctuate in value. It is also the currency of choice for many people selling their cryptocurrency, as this gives them a way to stay in the cryptocurrency market without the risk of making any huge losses.

At the time of writing, Tether can be bought or sold using USD, EUR, and JPY, with 1USDT currently being worth approximately €0.82 or ¥111.62. Moreover, like all other cryptocurrencies, Tether is a digital currency, which means that there are no physical banknotes or coins. Instead, your funds are kept safe in a cryptocurrency wallet.

 

What Are Tether Casinos?

Tether casinos are online casinos that accept Tether for withdrawals and deposits, and there are many benefits to using such a payment method. This is because Tether merges the stability of fiat currencies with the innovations and safety of blockchain technology, which is an open and public decentralised database. Transactions made through blockchain are practically impossible to hack or alter, thus keeping your money safe and secure.

What’s important to note at this point is that there are many different blockchains that operate such transactions. Originally, Tether was released on the Omni Platform, which is a Bitcoin blockchain system. Since then, we have seen the stablecoin launched on more than eight other platforms, including ERC20, Tron, OMG Network and Solana.

You are probably wondering whether Tether casinos have the games, bonuses, and all the other fabulous features online casinos and other cryptocurrency casinos have. Well, the answer is a resounding yes! You can expect Tether casinos to deliver the same great experience.

 

How Do the Best Tether Casinos Work?

The best Tether casinos work in pretty much the same way as all other online casinos. Indeed, they are still subject to strict regulation by the jurisdiction which issued their licence, and they still have to run specific software to safely and fairly run and oversee the games they stock.

Nevertheless, cryptocurrency casinos, including the ones that accept Tether, are still newcomers on the block, so some jurisdictions are wary of licensing them. But this shouldn’t make you think badly of the casinos. These are simply innovations that take a while to catch on and, so long as the casino has a good licence (such as from Curaçao) and good reviews, then you can rest assured that you will be protected as a customer. Indeed, as an extra security feature which aims to make players even more confident in their casinos, a number of the best Tether casinos actually make their software algorithms public – which would be unthinkable at most online casinos.

 

Pros and Cons of Tether Gambling

Like any other currency, it comes with advantages and disadvantages. While the pros do offset the cons, seeing them laid out will hopefully help you make a more informed decision about gambling with this stablecoin.

 

The Advantages of Using Tether to Gamble

  • Fast Payment Method: When depositing to, or withdrawing from, a Tether online casino, your transactions shouldn’t take longer than a few minutes to be effected. This beats the majority of traditional payment methods, some of which can take up to four business days to be cleared.
  • Security: The blockchain systems used to make Tether-related transactions are among the safest of their kind in the world. This, coupled with the fact that these transactions comply with the law, is a big plus.
  • Privacy: Blockchain is a public network and anyone can see what transactions have been made. Nevertheless, your personal details are never directly on the ledger, with just your transaction address showing. This essentially means that all your transactions are anonymous. Of course, your Tether casino may still ask you to verify your identity and the authorities can track your transactions if they need to, but for all intents and purposes, your transactions are practically off the record.
  • Legality: As a stablecoin which is worth the same as a fiat currency, Tether works in a different manner to other cryptocurrencies like Bitcoin. For a start, Tether is essentially centralised. It is also regulated, and needs to comply with certain jurisdictional policies. All this adds to user safety and security.
  • Very Low Fees (if any): The majority of online casinos do not charge you any fees for depositing or withdrawing your winnings using Tether. Nevertheless, you may encounter some fees if the casino exchanges your Tether tokens to fiat currencies, or even by the crypto wallet you use. Normally, the fee is of 0.1% of your total – meaning you’ll pay around 10c for every $10-worth of Tether transferred.
  • Stability: Tether is a very stable currency as its value is directly related to that of the US dollar. Such a currency is certainly not as volatile as Bitcoin, which can hugely increase or decrease in value in a short span of time. This means that you have a very good idea of how much money you are depositing, and how much it will be worth in the long run. Of course, because a Tether token’s worth is the essentially the same as that of a US dollar, then any major changes in the value of the fiat currency would also affect the value of the Tether.

 

The Disadvantages of Using Tether to Gamble

  • Not Accepted at All Casinos: While the Tether casino is on the rise, the majority of online casinos do not yet accept cryptocurrencies; if they do, they are more likely to have payment options related to Bitcoin and Litecoin. There’s no need to worry, however, as we have done the research for you with our above list of legal and licensed casinos that accept Tether as a payment method.
  • Won’t Increase in Value: One of the advantages of using a cryptocurrency like Bitcoin to gamble is that its value is (at the time of writing) increasing at an extraordinary rate. In 2016, for example, 1BTC was worth $0.06, while at the beginning of 2021 it was valued at $28,994.01. While this won’t happen with Tether, you also don’t stand to lose a huge amount of money.
  • No Tether-Specific Bonuses: We have never come across a Tether casino that offers a bonus in Tether. Nevertheless, that doesn’t mean you won’t be offered any such promotions. Instead, it means that your bonus will be in a traditional fiat currency or even in another cryptocurrency.

 

Pros & Cons of Tether Gambling at a Glance

Pros

  • Super safe thanks to encrypted software
  • Practically anonymous transactions
  • Centralised and regulated
  • Fast deposits and transactions
  • No fluctuation in value – you’ll always know how much money you have to play

Cons

  • Not accepted at all online casinos
  • Won’t increase in value like Bitcoin and Dogecoin have recently
  • Bonuses tend to be offered in a different currency

 

How to Deposit and Withdraw Using Tether

Using Tether for your online casino transactions is very similar to the process used to deposit and withdraw using any other cryptocurrency. More than that, however, it is extremely quick, and takes no longer than using your debit or credit card to trigger these actions. Below, we give you a step-by-step look at how to do so, but if you’d like to know more about acquiring Tether, then scroll down to our dedicated section.

 

Depositing Using Tether

You will obviously need to deposit your Tether tokens in order to play your favourite online casino games.

Here's how we do it: Here's how we do it:

Step 1: Log in or sign up to your Tether casino of choice. If you’re wondering which reputable casinos accept Tether, refer to our list at the beginning of this article.

Step 2: Head to the Cashier or Banking section, go to Deposits, and choose ‘Tether’ as your payment method of choice or click on the ‘Tether’ logo. Do keep in mind that this may be listed under ‘Cryptocurrencies’.

Step 3: The casino should now give you its address, which is also referred to as a public wallet number (PWN). This address will be made up of jumbled letters and numbers. Copy this, head to your cryptocurrency wallet, and set up a transfer. Here, you will need to paste the PWN in the respective field, and then input the amount of Tether tokens you’d like to transfer.

Step 4: Confirm the transaction and you’re done! The money should appear instantly in your online casino account, although there have been times where the transaction took 30 minutes to appear. Do be aware, however, that some casinos that accept Tether exchange your crypto tokens into a fiat currency. The exchange rate here should be (more or less) what is listed on the stock exchange, though some casinos may charge a fee. Even so, since Tether is a stablecoin, the amount shouldn’t vary much (if at all) between one transaction and another.

 

Withdrawing Using Tether

Withdrawing your winnings is also a relatively quick affair, requiring just a couple of steps.

Step 1: Head to the Cashier or Banking section, go to Withdrawals, and choose ‘Tether’.

Step 2: Input your PWN, which you can find on your cryptocurrency wallet, and the amount you want to withdraw.

Step 3: That’s it! Your funds should appear in your cryptocurrency wallet instantly (though it has been known to take up to 24 hours on occasion).

 

Are There Any Online Casino Tether Fees?

Tether casinos normally do not charge any fees for depositing or withdrawing using Tether from your online casino account. Nevertheless, there is usually a one-off fee when it comes to purchasing Tether tokens (i.e. exchanging USD, EUR or JPY to USDT), and your crypto wallet could charge you a nominal fee for its service.

 

Tether Currency Exchanges

Some casinos allow you to deposit money in Tether but exchange your tokens into fiat currency straight away. This shouldn’t be too much of a problem, since Tether is a stablecoin and its value is more or less set. When this happens, however, do be aware that the casino may charge you 0.1% of your total deposit for the service. As always, check the terms and conditions of the casino before joining to avoid any nasty surprises.

 

Games at Tether Casinos

One of the most recurring questions we get is what kind of Tether games players can expect to find at Tether online casinos. Well, you needn’t worry – these casinos have all your favourite games, including video slots and table games like roulette, blackjack, video poker, baccarat, and craps. Live dealer casino games are also available at the majority of Tether casinos, and some even have bingo, keno, lotteries, and dice games.

These games, however, are usually the standard ones that can be played for both fiat currency or cryptocurrency. Indeed, so far, there haven’t been many game developers that have created Tether-specific games. That honour seems to still be reserved for Bitcoin; that being said, with the rise of the Tether casino, we’re sure it’s a matter of time before we start coming across Tether slots, poker, roulette and blackjack, among others.

 

Best Tether Casino Bonuses

The majority of casinos do not offer specific Tether welcome bonuses or Tether no deposit bonuses, but that doesn’t mean that you can’t enjoy any promotions. Because it is a stable coin and its value doesn’t fluctuate so much, the casino can easily exchange the amount to a fiat currency, thus being able to give you all the benefits of a regular bonus, including sign-up bonuses, cashbacks, free spins and no-deposit bonuses.

In our top Tether casino lists, we have listed the main fiat bonuses you can expect to find at online casinos that accept Tether, as well as Bitcoin online bonuses. Indeed, in the world of cryptocurrency casinos, Bitcoin bonuses remain the best of the lot, with some casinos giving Bitcoin players a welcome package of up to 5BTC, which is equivalent to €216,936.25 at the time of writing!

 

Our 3 Top Tether casino sites

Finding a good online casino that accepts Tether is no mean feat, particularly as this cryptocurrency is not as popular as Bitcoin, Litecoin or Ethereum, yet. Even so, there are some really, really good casino brands out there that have taken the plunge and are giving Tether casino players the opportunity to gamble using this stablecoin. Below are our three favourites.

 

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Casino FriDay

#1
Friday
100% up to 200€ + 200 free spins
  • Accepts majority of cryptocurrencies
  • Had 100s of games
  • Huge cash drops
* more terms & conditions apply

Launched just last year, Casino FriDay is a fabulous new addition to the online casino world. It has a licence from Curaçao and is available in English, Norwegian, Finnish and German. On top of hundreds of games by the world’s top developers, the casino also boasts some fabulous bonuses for players.

One of the things that makes Casino FriDay special, however, is that it accepts CoinsPaid, a cryptocurrency wallet where you can store your digital currencies. This means that you can deposit in crypto but play in traditional fiat currencies.

 

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mBit Casino

#1
mBit
5BTC Welcome Package + 300 Free Spins
  • Over 2,000 games
  • 10-minute withdrawals
  • Ongoing promotions
* more terms & conditions apply

mBit casino is a cryptocurrency casino through-and-through. This can be seen from its amazing sign-up bonus, which only comes in Bitcoin and is among the best we’ve ever seen online. Indeed, over three Bitcoin deposit bonuses, mBit will give you up to 5 Bitcoins, which is pretty incredible.

Available in both English and German, the casino itself has a licence from Curaçao. It is also powered by SoftSwiss, which adds to the many layers of security it has in place. Moreover, the casino is affiliated with some of the world’s best game developers, including Play’n Go, NoLimit, Endorphina, Betsoft Gaming and Spinomenal.

 

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King Billy Casino

#1
King Billy
5 BTC welcome package + 200 free spins
  • Most awarded online casino
  • 24/7 live chat
  • Available in multiple languages
* more terms & conditions apply

As one of the world’s most awarded online casinos, it should come as no surprise that King Billy is a great brand. This can be seen from the game developers it is associated with, the friendly (24/7) customer support, and the 1-hour withdrawal time.

The casino is also available in eight languages, accepts multiple currencies (including Tether), and has Provably Fair software from iTech labs. It does all this through an easy-to-use site that operates under a gaming licence from Curaçao. Moreoever, the large array of games and perks is complemented by a large selection of bonuses, including a welcome package that can get you up to 5BTC or €/$1,000 in bonus money!

All this may have left you wondering why such a casino is in the third place on our list. The answer is that there are many restricted countries, so not everyone can benefit from this casino’s amazing offerings.

 

How to Get Started in Tether

Needless to say, in order to gamble with Tether you need to first get your hands on some Tether tokens.To those who have never done it, this may seem like an impossibly complex task, but it’s actually rather simple. Below we take a look at how to do it, and what you should keep in mind.

 

How to Acquire Tether

When it comes to getting your hands on Tether, things are slightly different to acquiring other cryptocurrencies. The main difference here is that because Tether is a stablecoin, it can only be created by Tether Ltd – in other words, it cannot be mined like Bitcoin. This may seem annoying, but it is an integral part of keeping the value of Tether stable.

Having said that, Tether tokens can be easily purchased from certain cryptocurrency wallets, as well as through cryptocurrency trading platforms like Kraken and Binance. The process here is very easy, and is akin to buying anything off shopping sites (though, of course, it may change from service to service).

For the most part, the following is how you can buy Tether from the majority of cryptocurrency exchange platforms.

  • Step 1: Choose your preferred platform and set up an account.
  • Step 2: If the platform requires you to verify your account, supply them with the KYC (know your customer) information they require.
  • Step 3: Top up your account to buy cryptocurrency or simply buy cryptocurrency directly using your debit/credit card, e-wallet, cryptocurrency wallet, bank transfer, or other chosen payment method.

 

Best Tether Wallets

Now that you know how to buy Tether, where are you meant to keep it? Well, like all other digital currencies, Tether will have to be kept safe in a cryptocurrency wallet. This can either come in one of two forms:

  • A hardware cryptocurrency wallet, which, although by far the safest option, especially if you’re planning on storing them for a long time, makes it difficult to pay for things; 
  • A software cryptocurrency wallet, which acts like an e-wallet that you can use directly on your phone via App, or on your browser through a site.

Below, we list our three favourite Tether wallets. Before we start, however, it’s important to check the exchange rate the wallet offers you for Tether, as some casinos will exchange your USDT to fiat when depositing. As a result, you could end up losing a lot more money than you need to.

Best Tether Wallets

CoinsPaid

As one of the best-known cryptocurrency wallets out there, CoinsPaid certainly lives up to its name. The system allows you to buy a number of cryptocurrencies, and allows you to store and pay with over 30 cryptocurrencies. The rates are extremely competitive (around 3.99%), and the app itself has an in-built procedure to turn cryptocurrencies (including Tether) into fiat currencies when transferring to certain online casinos. Last year alone, CoinsPaid processed over $1 billion in crypto through 4,500,000 transactions, thanks to its top-notch double security that ensures your data and transfers remain safe.

OmniWallet

Created by the inventors of Tether, this cryptocurrency wallet is relatively easy to use, has decent security features, and has multi-currency support, particularly for Bitcoin and Omni tokens. Nevertheless, there are two things worth keeping in mind about the OmniWallet. First, this isn’t an app but rather a website, which you have to log into; second, a typical OmniProtocol Transaction is charged a fee of 0.00002730BTC (which is around €1.18 in today’s prices).

Edge

Buying, selling and exchanging your cryptocurrencies, including Tether, can be done in a super easy way thanks to the Edge app. It has an easy-to-use interface and continually updates its software to include more features and cryptocurrencies. The best part is that the app can be accessed directly with your Touch ID, ensuring you’re always in control of your cryptocurrencies and are never locked out.

Safety and Security at Tether Casinos

Safety at any cryptocurrency casinos is a double-edged sword of sorts. On the one hand, such casinos do not tend to have the most coveted licences, such as those from the UK or Malta. However, on the other hand, the fact that you are using blockchain technology to make your transfers makes paying using crypto one of the safest methods in the world.

But what about Tether casinos?

Tether transfers can be done using one of a variety of blockchain technologies, each of which is heavily encrypted. Moreover, these transactions do not carry any of your personal details. All this protects you and your personal details, so on that note, Tether casinos are extra safe.

USDT casinos, however, are usually licensed in Curaçao. There is a perception that such a licence is not as good as those from European countries, and it’s not difficult to see why: a Curaçaoan license is much easier to get. Nevertheless, the government of Curaçao has placed many restrictions and regulations on brands that achieve this licence. Moreover, very few online casinos could actually benefit from scamming players out of their money; one mishap could literally see their gaming affiliates pull the plug and their licence taken away. So, given you go for a casino with a trustworthy licence, the casino will be safe.

Of course, when gambling with USDT, there are some downsides. For a start, although it is a stablecoin, its value may still fall (and it already has over the years). Then there is also the fact that some online casinos accept deposits in Tether, but exchange the USDT to another fiat currency. This may see you lose a small amount of money every time you deposit.

In our opinion, all this is offset by two things. In the first instance, the value of USDT is by far more stable than that of cryptocurrencies like Bitcoin, Dogecoin, Litecoin and so on, so you are much less likely to lose money should it drop. As for the exchange rate, this depends on what you are after. It may be a small price to pay for the extra security and the anonymity – and it may not!

In the end, given you choose a good casino such as one from this our list, you can rest assured that your safety at Tether casinos will be guaranteed.

 

How to Choose the Best Tether Casino

When we put together our top lists, we always ensure that the casinos we list are trustworthy, safe, and fair. We obviously encourage you to join one of these, but we don’t want to get in the way of you finding a Tether casino that is a perfect fit for your needs. That’s why, below, we have listed all the things you absolutely need to confirm before you join a new Tether casino. Indeed, it is imperative that you follow these steps, as a dodgy cryptocurrency casino could cost you a lot more money than any casino game.

 

Check the Casino’s Licence

Making sure the online casino of your choice has a licence from a reputable jurisdiction is by far one of the most important steps. This is because a good licence will mean that the casino follows a specific set of requirements which, ultimately, are there to protect you. When it comes to Tether online casinos, you are more likely to find brands operating under a licence from Curaçao rather than from the UK, Malta, Gibraltar or Sweden. While this licence is indeed easier to get, it’s still a respected and safe one.

 

Check the Casino’s Fairness Certification

The best online casinos in Europe and elsewhere do more than what is required by the law. One such extra step is to get fairness certification by an independent testing board, such as by iTech Labs, GLI, and eCOGRA. These confirm that the casino operates fairly and as it should, meaning that you are not being scammed out of your cryptocurrency.

 

Check the Games Providers

A good casino only affiliates itself with reputable and trustworthy games providers. Indeed, the world’s best games providers do not just create fabulous new games that entice the senses, but also work hard on creating and certifying a random number generator (RNG) that is fair and completely random. This RNG, as well as the RTP of the game in question, cannot be changed by the online casino, so you can rest assured that they’re the same everywhere. Some of the best games providers you can come across are NetEnt, Evolution Gaming, NOVOMATIC Greentube, Playtech, Wazdan, Pragmatic Play, and Red Tiger Games.

 

Check the Available Payment Methods

If you’re going to play at a USDT casino, then you will need to make sure that the casino actually accepts the payment method. Of course, don’t just go for the first casino that does this, as since cryptocurrency transactions are relatively anonymous, it is not unheard of for illicit entities to not attribute the amount to the right account.

 

Check the Terms & Conditions of the Bonus

Casino bonuses are there to entice you to join, and to increase your bankroll so that you continue playing. Even so, don’t just take these bonuses at face value, as they often come with wagering requirements and other terms and conditions. In our opinion, it’s often better to go for a bonus that promises less but which has better terms and conditions, rather than a larger one which has many requirements. This, though, is a personal preference.

 

A Brief History of Tether

It is originally known as ‘Realcoin’, was one of the first cryptocurrencies to fall under the category of stablecoins. Indeed, when first created in July 2014 by Brock Pierce, Reeve Collins and Craig Sellars, the idea was that one Tether token would always be exchangeable for one US dollar, hence why it is listed as USDT.

To do this, the creators, who built Tether on a Bitcoin protocol layer called Mastercoin (Omni), would only mint one Tether token for each $1 deposited. Moreover, each Tether token came with the guarantee that $1 for each Tether token minted would be secured in a bank to back up its value.

The aim of this idea was to introduce the concept of the stablecoin, which the inventors hoped would solve cryptocurrencies’ biggest issue: the unpredictability of their volatility and convertibility. And, indeed, Tether works in a different way to many other cryptocurrencies. Tether tokens are created and redeemed in a centralised manner by Tether Ltd, which is based in Hong Kong. However, they are operated on blockchain technology, which is a decentralised system.

Over the years, Tether has been the subject of many controversies, especially since Tether Inc has not always been able to show that it has enough deposits to back up the currency. This led to an updated disclosure statement in 2019, in which Tether Inc said that rather than being 100% backed up by US dollars deposits, Tether is backed up by fiat currency reserves, cash, and other assets.

 

The Future of Tether

All the controversy has not managed to dissuade investors from trusting Tether, and today it remains one of the most popular cryptocurrencies in the world. Indeed, it often goes over its market cap. This means that, for the foreseeable future, Tether will continue to be trusted due its stability. Of course, if at any point Tether owners will not actually be able to redeem their tokens for dollars, all that would come crumbling down – but there is nothing to suggest that that could happen anytime soon.

 

Alternative Payment Methods

Tether may not be everyone’s cup of tea, and that’s okay. There’s a whole range of alternative payment methods you can use instead. Below we take a look at the most popular ones.

Different Payment methods

Cryptocurrencies

Tether is not the only cryptocurrency available to online gamblers. Other such currencies include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Monero, Dash, Ripple, Tron and Zcash. Each of these works in a slightly unique way, so it pays to read our dedicated articles to find out more.

Debit or Credit Card

The easiest and fastest way to deposit money to any online casino at the time of writing is still by using your debit or credit card, like your Visa, Mastercard, Maestro, or Visa Electron. On top of being very safe, the money should appear in your account within moments, allowing you to play practically instantly. Withdrawals, however, can take up to a few days to be effected.

E-Wallets

The vast majority of online casinos also accept one or multiple types of e-wallets. These are virtual accounts that are not connected to any specific bank account, making them safer for users and keeping transactions off their bank statement. The following are e-wallets you are likely to come across: PayPal, Rapid Transfer, Webmoney, NETELLER, Skrill, Interac, and TrustPay.

Direct Bank Transfer

Though very safe, direct bank transfers can be time-consuming to set up, sometimes taking up to five business days for the money to go through. This means you will not be able to start playing your favourite casino games immediately. Withdrawals made using this method may also take quite a while to be processed, so getting your hands on your winnings will have to wait.

Digital Wallets

Digital wallets are apps that allow you to have all your debit, credit and loyalty cards in one place. You then use the digital wallet to pay safely without ever giving the seller or, in this case, the online casino, your details. Apple Pay and Google Pay are two such services, and they are extremely quick and safe. Nevertheless, do keep in mind that this type of payment method can only be used for deposits and not withdrawals. 

eCheck

Electronic checks, known colloquially as eChecks, can be made directly from the Cashier/Banking section of some online casinos. This is an extremely safe way of depositing money, as it gives you the chance to reverse the transaction should there be any mishaps. Even so, it may take up to three days for the depositing process to be completed, while some casinos state that it can take up to 28 days to have the money in your account when you withdraw it.

Trustly

Trustly is an electronic payment method that gives you the chance to deposit money into your online casino account practically instantly and directly from your online casino website. It is extremely safe, as you have to use your banking details to log in. The process is safeguarded by the company, which is licensed by the Swedish Financial Supervisory Authority, as well as your bank.

paysafecard

The paysafecard is a prepaid voucher system you can use when purchasing services online. While this service allows you to deposit money fairly easily and instantaneously, you will not be able to withdraw money through it, meaning you will still have to give your bank or credit/debit card details to the online casino.

 

FAQs

❓ What is Tether?

Tether (USDT) is a type of cryptocurrency. It falls under the category of stablecoins, meaning its value is directly related to that of a fiat currency – in this case, the US Dollar (hence USDT). At the time of writing, Tether can be bought or sold using USD, EUR and JPY.

Which are the best Tether casinos?

The best Tether casinos are those casinos that accept Tether as a payment method, but which also have a licence from a reputable jurisdiction (such as Curaçao) and are affiliated with world-class game developers.

How long does it take to process withdrawals and deposits using Tether?

Deposits are usually instantaneous, with the funds appearing in USDT or another fiat currency (some casinos exchange USDT automatically) within a few minutes. Withdrawals shouldn’t take longer than 24 hours, though this is usually much quicker. As always, do read the terms and conditions of the casino, as these may differ for a variety of reasons.

❓ How does the Tether mechanism work?

When you effect a Tether payment via a cryptocurrency wallet, your unique address and the amount you wish to transfer are sent to a network of computers across the world. Each of those computers then checks that you have enough funds and that those funds are indeed in your name, and then authenticates the payment.

❓ How do I set up a Tether account?

Setting up a Tether account is incredibly easy. All you have to do is to choose a cryptocurrency exchange platform and set up an account. You can then use your debit or credit card to buy Tether. Please note that you will need a cryptocurrency wallet to store your Tether tokens in.

❓ Can you play with Tether at a UK casino?

Yes you can, though the full answer is a bit more complicated than that. Any online casino looking to operate in the UK needs a licence from the United Kingdom Gambling Commission, and the majority of casinos with such a licence do not list cryptocurrencies as one of their available payment methods. In other words, while it is legal, it is not easily accessible.

❓ Are there extra fees for using Tether?

For the most part, the majority of casinos do not charge players any extra fees for depositing or withdrawing funds using Tether. Nevertheless, your cryptocurrency wallet may charge you a nominal fee for each transactions, while casinos that exchange your USDT to a fiat currency may also use a less favourable exchange rate.

❓ Can I still get my casino bonus when using Tether?

Absolutely. Nevertheless, this rarely comes in USDT. In fact, the majority of Tether bonuses come in a fiat currency, in BTC, or else in the shape of free spins.

❓ Can I deposit using Tether then withdraw using a different payment method?

This depends entirely on the online casino you choose. Some casinos accept Tether as a deposit method but not as a withdrawal method, so in that case, the answer would be yes. It’s the same for casinos that automatically exchange your Tether tokens to a fiat currency.

❓ Do all UK casinos accept Tether?

No. At the time of writing the vast majority of UK casinos do not accept Tether as a payment method.

 

Iggy Fenech

Iggy Fenech

Iggy Fenech is a well-known contributor to many local magazines. His career as a casino content writer spans a number of years and includes writing blog posts for the Malta iGaming Seminar 2014, content for the Malta Gaming Authority’s website, and SEO-enabled text for casino websites.

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