Casinos allow players to use a variety of different payment methods as they want to be accessible to as many of them as possible. One of the popular, but somewhat niche cryptocurrencies that’s commonly used in online casinos is USDT. This cryptocurrency is also known as US dollar Tether (USDT) as it’s backed by the US dollar, unlike most other cryptos.
USDT casinos aren’t that different from casinos using any other cryptocurrency when it comes to how it can be used and which games you can play. In this article, we’ll go in-depth about the qualities of these casinos and the currency itself.
What’s Tether (USDT?)
USDT or Tether for short is one of the oldest cryptocurrencies still in use. It was invented in 2014 and it’s still in use as a payment method and as a way to store value. Tether is unlike other cryptocurrencies, however, since its value isn’t left to the market alone. Instead, it’s what’s called a stablecoin, because its value is stabilized by being tied to a fiat currency. In this case, it’s the US dollar.
This makes Tether a mixture of the qualities of traditional fiat currencies and cryptocurrency. For some users, this mix is exactly what they need while for others it would seem that stablecoins have the bad qualities of both.
What Are Tether Casinos?
Tether casinos are all casinos that offer Tether as one of its payment methods. Some casinos offer Tether as one of many options when it comes to cryptocurrencies and some offer only Tether. Some casinos also offer both Tether and traditional fiat currencies.
There are plenty of such casinos to choose from and players should try to learn more about them before choosing which one to use.
Anonymous Accounts
One of the first and most important features to look for when choosing a USDT casino is the ability to create an anonymous account. This is something that’s allowed with USDT regardless of the fact that it’s tied to the value of the dollar and is one of the most sought-after features of cryptocurrency casinos.
The only information a player should divulge when creating an account for a cryptocurrency casino is the email address needed to sign up for an account and an email address connecting the USDT wallet as a payment method and the user account budget.
Variety of Games
Another important feature to look for in Tether casinos is the variety of games you can play. For the most part, Tether casinos provide a great variety of games. This includes games of luck and games of skill. Slot is the most popular game of luck, and poker is the most played game of skill.
Players should look for games that they know and love to play, but it also helps to have the option of playing other games once you’re ready for them. Most games can be played for tokens or small amounts as a way to try them out with less risk.
A Wide Range of Bets
It’s also useful to look for Tether casinos that offer a lot of different betting options. This includes bets made for tokens and bets made for small amounts. Such an arrangement allows the users of Tether casinos to learn how to bet and play certain games with little risk involved.
Some players enjoy Tether casinos because they offer quite large bets as well. High rollers also have additional benefits such as lower fees and additional bonuses. They usually play in tournaments organized by USDT casinos and they are played for huge amounts.
Local Compatibility
Tether can be used all over the world as is the case with most cryptocurrencies. However, not all the casinos that use USDT as a payment method can be used from all over the world as they are subject to local laws.
This compatibility is something to pay attention to when choosing which casino to use. There’s no point in choosing a casino that has a good offer if it can’t be used in your country. Luckily, there are plenty of USDT casinos to choose from and almost anyone can find one that suits them.
Customer Service
A quality of customer service is one of the key features. Players should make sure that USDT casinos they plan to use, have a good customer support system. This means that customer support is easy to contact via a variety of different channels such as chats, emails, and phone calls.
It also means a lot of the customer support system is staffed by experts and those who are well-versed in working with people on a day-to-day basis. This allows the player to contact customer support and quickly get the information or the solution they need.
Stablecoins aren’t the same As Other Cryptocurrencies
Stablecoins are tied to the value of the US dollar. For some players, this is reason enough not to use casinos that offer it as a payment method. For many the main attraction of using cryptocurrencies as a payment method is in the fact that it’s not tied to any traditional currencies.
If this is your main goal, these casinos aren’t suited to your needs. All the upsides aren’t worth it if you want to get off the grid when it comes to traditional financial institutions since USDT isn’t a way to do it. There are plenty of other casinos that work with decentralized cryptocurrencies only.
Stablecoins Aren’t That Stable
Stablecoins are called that because their value is more stable than that of decentralized cryptocurrencies. For some, this is an advantage and for others, it’s a downside. However, it’s important to keep in mind that stablecoins aren’t as stable as they may seem.
The value of USDT is tied to the value of the US dollar. Its value also changes and fluctuates as the market changes. This happens beyond the control or even knowledge of users and those who bet in USDT casinos.
Use the Reviews
Online reviews are an important tool when going through USDT casinos and choosing which one to use. These reviews allow those who have used the services of a casino before to write about the experience and evaluate its features. The reviews go in-depth into the quality and selection of the games, bonuses, and overall user experience.
It also helps to leave your own reviews after you’ve used the services of USDT casino. That way you can point out the important features, downsides, and issues to others who may want to use the gambling establishment.
To Sum Up
USDT or Tether casinos are gambling establishments that use USDT as a payment method. These casinos can also use other crypto or fiat currencies. USDT is different from most other cryptocurrencies as its value is tied to that of the US dollar. This is called a stablecoin and it makes the crypto less volatile while retaining all of its features.
The casinos that use USDT offer a great variety of games, bonuses, and betting options. Players should carefully study these features and online reviews before choosing which one to use. For players who want the decentralized features of cryptocurrencies, USDT isn’t a valid option.
