Best Bookies accepting Tether

Tether (USDT) is a cryptocurrency based on the Tether platform. It's used by individuals and businesses as payment for goods and services. It's also a deposit method for online bookmakers and esports betting websites. As a cryptocurrency with a consistent price against the US dollar, it's among the most convenient cryptocurrencies that everyone can use.

Despite the presence of competitors, it maintains its high position in the cryptocurrency market. Its reputation says it's the "digital money for the digital age." Many credible sources like Coin Market Cap consider it one of the top ten most promising cryptocurrencies in the world.

About Tether

About Tether

Tether is incorporated in Hong Kong and was launched in 2014. Since then, it has been used as a digital-to-fiat currency. The people behind it are JL Van Der Velde (Chief Executive Officer), Stuart Hoegner (General Counsel), and Giancarlo Devasini (Chief Financial Officer). It uses Blockchain technology to allow users to send and receive digital tokens internationally, instantly, and securely.

And these advantages are presented to the users for a fraction of the cost of other options. Along with other popular cryptocurrencies like Bitcoin and Ethereum, many people use it as a USD substitute. As such, it's one of the leading cryptocurrencies in terms of trade volume.

Another winning advantage of Tether is it's backed by dollars, physical gold, euros, and other real-world and liquid assets. And its name represents that- a cryptocurrency anchored or "tethered" to real-world cash. People, especially those with limited experience with cryptocurrencies, are drawn to it because of this and its highly liquid nature. The worth of one Tether token is equal to one underlying unit of the currency that backs it, such as the US dollar. Payments can be made via:

  • Neteller
  • Visa
  • Bitcoin
  • Skrill
  • Astropay
  • Webmoney
  • Perfect Money
  • Zar
About Tether
How to make a deposit using Tether

How to make a deposit using Tether

It's impossible to connect a casino account to a Tether account directly. However, it's convenient to quickly load a casino account with funds from a Tether account. The minimum deposit amount is $10 with no maximum deposit.

  1. Select Tether from the Deposit area.
  2. Choose a trading account (a USD-based trading account is recommended to avoid paying conversion costs).
  3. Select Next.
  4. Click Send Funds. Enter Tether wallet address and the USDT amount to deposit.

The account balance will be credited within 72 hours.

Using Tether in online bookmakers

Tether makes an excellent payment option for esports betting sites. Using the Tether platform is easy and effortless, making it simple for users to employ fiat-backed currencies on blockchains, including exchanges, wallets, payment processors, financial services, and ATMs.

How to make a deposit using Tether
How to make a withdrawal using Tether

How to make a withdrawal using Tether

Making a withdrawal from Tether is as convenient as making a deposit. The minimum withdrawal amount is $100, and the maximum withdrawal amount is $1,000.

On a related note, a common concern regarding convenience is whether a person can make withdrawals from their mobile devices. Unfortunately, they can't because the Tether platform doesn't have a mobile app. While there may be workarounds to this, insisting on using mobile to withdraw isn't recommended for security reasons.

  1. Select Tether from the Withdrawal section.
  2. Choose trading account, then type in Tether wallet address and the amount to withdraw.
  3. Select Next.
  4. A transaction summary will be presented. A verification code will be delivered by email or SMS, depending on the security type. Use this code to confirm the withdrawal request.

The account balance will be credited within 72 hours.

How to make a withdrawal using Tether
Pros and Cons with Tether

Pros and Cons with Tether

Pros

  • Many exchanges accept USDT - Where cryptocurrencies are involved, USDT is often accepted.
  • User-friendly interface - The Tether platform is straightforward and beginner-friendly.
  • Stable -\b It’s less volatile compared to other cryptocurrencies.
  • Instant transaction time -\b Transactions can be completed within minutes.
  • Zero fees - Transfers between wallets don’t come with transaction fees.

Cons

  • Lack of anonymity - In a world of virtual currencies, this is a major concern. To use USDT freely, it's necessary to present personal identification.
  • No mobile app - Users who plan on withdrawing funds from mobile devices won't be accommodated.
  • No mining allowed - Mining is prohibited likely to regulate the USDT value.
Pros and Cons with Tether
Tether account opening process

Tether account opening process

Opening a Tether account is easy. Anyone can open an account even without a bank account or identification documents. They can start and finish the account creation process in less than five minutes. There are no age limits or other restrictions, too. All that's required is a few personal details and an email address.

However, it's important to verify an account. If a person chooses to proceed with an unverified account, their actions are limited. For example, they aren't allowed to convert USDT to USD.

How to setup an account

  1. Go to Tether.io and click SIGNUP.
  2. Provide personal details like first and last name, email address, and username.
  3. Enable 2FA (Two-Factor Authentication) on the Security section.
  4. Verify identity by clicking username.
  5. Click Verification and select Individual Verification.

To wrap up this process, read through the essential information listed on the Individual Verification page. Then provide the necessary documents.

Tether account opening process
Tether customer support options

Tether customer support options

Tether's team can be reached (via email) through their website. Because they value their users, they have provided answers to most concerns. Their website is filled with valuable resources and can answer everything a person needs to know about Tether and how to use its platform. Their website features easily accessible sections such as the FAQs and Resources pages.

While there aren't many options to reach their team, the support team is responsive when contacted via the system they provided. They even have two departments on this, one dedicated to customer support and another for media-related concerns.

Tether customer support options