As a digital-to-fiat currency Tether is becoming widely integrated. Initially, the currency was built for the Bitcoin network, using the Omni Layer transport protocol. Now, Tether also has an ERC20 token available on the Ethereum blockchain, allowing new token to be sent to any Ethereum address. Thanks to its availability and security, Tether online casinos are starting to spring up. With Tether, players can convert other currencies alongside the US dollar, such as Euro and Chinese yuan.
Overall, Tether offers players all of the conveniences of cryptocurrencies, as well as those from ‘stablecoin’ currencies, allowing players to enjoy top slots, casino table games, poker, and other games, without worrying about the stability of their preferred digital currency.
How to Deposit
Depositing via Tether is simple as with any other currency. Before you start with Tether deposits, you must register an account and create your Tether wallet. You can do so by visiting the official website and filling out the registration form. Below is a small, simple guide for depositing at Tether casinos.
- Sign up, or log in to the Tether casino of your choice.
- Switch to the casino cashier and select “Deposit”.
- Find Tether and enter the amount you wish to deposit.
- Confirm the deposit in your wallet, and the selected amount will be credited immediately.
Tether deposits at any online casino are easy and quickly credited to your account, so you will be able to start playing your favourite casino games in no time.
How to Withdraw
Withdrawing via Tether is as effortless and convenient as deposits. Again, here is a simple step-by-step guide.
- Go to the cashier page and select ‘Withdraw’.
- Select Tether as your withdrawal method.
- Provide your wallet address.
- Enter the amount you wish to withdraw and submit the request.
On your first withdrawal, though, you will be asked for your ID. The process is called the KYC process and stands for Know Your Customer. This process is used simply to confirm your identity.
Fees and Processing Time
When it comes to the processing time of Tether online casinos, your deposits will be processed instantly. Once you have confirmed the deposit, you will see your casino balance change in a matter of seconds. However, withdrawals will take longer, depending on the online casino of your choice since each casino has its own verification procedures. Usually, the waiting time at casinos for processing cryptocurrencies is short, and you can expect your withdrawal to be cleared within 10-15 minutes.
When it comes to fees, online casinos will not charge you for depositing and withdrawing via Tether. Again, this might change, depending on the online casino, therefore make sure to check the casino’s terms and conditions, as well as the banking page.
We must also mention that Tether has a non-refundable verification fee of $150 in tokens in order to ensure that only serious members join the network. This amount will be charged during the account registration procedure. Furthermore, Tether has a 0.1% fee per fiat deposit, which also applies to fiat withdrawals. The fee will depend on the sum of all transactions in the last 30 days. If you use tokes, however, all transactions are free.