Want to bet with Tether? Here’s how you do it!
So you want to bet with Tether but you don’t know how? All we can say is… WE HAVE YOU COVERED! As always, wink-wink. It’s very simple. And if you’re reading this because you’re not using Tether to play, then we can comfortably say that it’s just as easy to use as any other currency with crypto gambling sites that accept this coin. And with BitStarz, Tether gambling is easier than ever.
The USDT coin (Tether) is seven years old in July this year. The true value of this digital currency is much older than that. Why? Because it goes back generations to the beginning of the United States Dollar. You see, the word Tether means to bind, fasten, or secure. And this digital currency has latched its value onto the US dollar.
What is Tether and how did it start?
Tether started with the idea of creating a stablecoin that would provide the user with more stability than a regular cryptocurrency. As cryptos are quite volatile in general. Tether pegs its value to the US Dollar. So now you’re asking the question. Is USDT same as USD? Let’s get technical!
A company called Tether Limited keeps the equivalent of all Tether coins in real dollars in their reserve. This means that they have one dollar in reserve for every USDT coin in circulation. Therefore, 1 Tether = 1 US Dollar. To guarantee this to their clients, Tether provides daily updates on their bank reserves through their official website.
Tether has now surpassed Bitcoin as being the most traded cryptocurrency in the world by trading volume. With a coin that gives you all the benefits of cryptocurrency that’s just as stable as a regular currency, why use anything else? The first tokens were issued under the original name of RealCoin on October 6, 2014 via the bitcoin blockchain using the Omni Layer Protocol.
Tether is now also on the Ethereum blockchain in the form of an ERC20 token. It’s a standard ERC20 token and can be sent to any Ethereum address. Now let’s have a look at why you should bet with Tether.
Why bet with Tether?
Firstly, you have the price stability of the U.S. Dollar. This gives you peace of mind in knowing that your funds are stable and not as volatile as other cryptocurrencies. And BitStarz is the first choice when it comes to a Tether casino as we make deposits and withdrawals very easy.
Transactions with Tether for crypto gambling are much faster than fiat currencies. So you can play with the value of the U.S. Dollar but benefit from the transaction speed related to cryptocurrency. And BitStarz, being the number one USDT casino, has an average cashout time of 10 mins or less.
Blockchain technology has already become renowned for its security. So rest assured that your transactions are safe and secure.
How to get Tether?
Firstly, you’ll need a crypto wallet that can store your Tether. You can try MyEtherWallet, OmniWallet, Tether Wallet, Coinomi, Exodus, Ledger Nano S. But there are many wallets out there to choose from.
What about Tether exchanges?
Binance, being the most popular crypto exchange would be a good exchange to look at. Kraken is another popular crypto exchange. You can also try Bitfinex, Bittrex, and Poloniex. It’s important to check what type of Tether tokens you own on the exchange before sending them to your wallet.
After setting up the exchange account and wallet, you’re almost ready to bet with Tether!
Deposits and withdrawals with Tether at BitStarz
BitStarz accepts USDT! You can make a quick deposit on the BitStarz Home page or click on the green deposit button in the top right corner. Click on the drop-down menu when selecting a currency. If the USDT option does not appear, you can proceed to the “My Account” menu > Balance > Add Currency.
Now you can use the address provided to deposit your USDT or scan the QR code from your wallet. And there you have it! Our deposit bonuses also apply with Tether so make sure you have a look at these.
Can you cash out tether? Yes! Click on the cash out button on the top right side of the screen next to deposit. Insert your wallet address, and Bob’s your uncle. Your Tether is on its way!
Remember there is a minimum withdrawal amount with Tether of 50 USDT. And the maximum is 4,000 USDT at a time.
Games to play with USDT
Not all game providers create games that can be played with cryptocurrencies. At BitStarz however, we are proud to say that most of our providers are ahead of the game. You can bet with Tether in games from the following providers: BGaming, Belatra, Booming Games, Endorphina, Evolution, Habanero, Platipus, NoLimit City, Spinomenal and more!
Here are some of the top slots you can play to bet with Tether: The Night Racing – Belatra, Cleo’s Gold – Platipus, Diamond Riches – Booming Games, Johnny Cash – BGaming, Fire Lightning – BGaming, Deadwood – Nolimit City, and Buffalo 50 – Endorphina
Have fun playing with Tether!
As you can see, there are many benefits when you bet with Tether. And you’ll discover even more as you start playing with this very useful currency. Have fun! And remember to check out the incredible BitStarz Deposit Bonuses with Tether!