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Tether betting has become very popular over the past few years, so what is it and how does it work? -Tether, known by its ticker symbol USDT is a stablecoin, pegged to the fiat U.S. dollar, meaning it’s unaffected by the price of Bitcoin and the wild swings of the crypto markets. The reason investors and traders use Tether is liquidity, or the ability to get in and out of cryptocurrency positions without huge price changes. Tether’s trading volume has risen to over 50 billion, making it the most liquid cryptocurrency, even more liquid than Bitcoin. Not only is it the largest stablecoin, but it’s also one of the largest cryptocurrencies by market cap.
Depending on where you exchange Tether, there might be a small fee of no more than a few dollars. Other times it might be completely free and you won’t have to pay the transaction fee. betting with Tether has never been so easy. Again we’d like to emphasize that the biggest advantage of Tether today is the liquidity it possesses. One uses it the same way as any other digital coin. It’s one of the most popular and used cryptos even though technically it is just a stablecoin.
The industry itself has changed its approach drastically regarding payment systems. After the cryptocurrency boom, a lot of the platforms took notice of the crypto enthusiast and have adapted to a changing economic environment. Nowadays it’s not only common for a sportsbook to have a long list of cryptocurrencies in their payment scheme but also a lot of the best and highly rated ones have the options of stablecoins like Tether.
First and foremost, we will discuss your possibilities of Tether gambling and our top 3 picks of USDT sports betting platforms that offer great functionality and features. The common trait these platforms share is the fact that all of them have USDT in their payment system. We incorporated the following sites:
This selection is based on customer service and satisfaction, a variety of options in the sports activities to wager on, and, of course, promotions that are available on the sportsbooks.
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Gorgeous bonuses, weekly jackpot, awesome weekly rakeback, what else do you need? Join the action now!
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BC.GAME offers more than 30 cryptos starting from Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dogecoin!
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Over 50+ sports and eSports, crypto payments and a first deposit bonus of 100% up to €100! Join 22Bet and start betting today!
Sports: 47
Coins: BTC, LTC, DOGE, ETH, XRP, USDT, and 19 others
Bonus: 100% up to $100
License: Curacao
22bet is one of the most popular sportsbooks with a huge variety of games and payment options. Including some stablecoins like USDT. The platform is available in 58 different languages which further strengthens its reputation as an international gambling platform. The customer service team behind the live chat and other communication channels are working 24/7 to provide you with a satisfying experience. In addition to them, this USDT gambling and betting site also has a lengthy FAQ section where you can find answers to the most common questions you might have about the platform in the first place.
A great thing about 22bet is the fact that there is also an app version of the platform which enables an on-the-go experience. Hidden menus, which you can navigate by swiping, are extremely useful in this app. This makes good use of the small screen’s limited space and never feels cluttered. Tether online betting has never been as accessible as it is on this site.
It’s also really easy to personalize. Most bettors are only interested in one or two sports and not necessarily in seeing a wide variety of markets. You can choose the sports you want to appear in and hide the others by tapping the settings icon on the app.
This is a very useful feature that helps to personalize the user experience. The app also has a rewards feature where you can conveniently find the most recent bonuses. The 22bet app also allows you to play casino games on the web.
Sports: 28
Coins: BTC, USDT, ETH, LTC, BCH (10 total)
Bonus: 200% up to 20,000 USDT
License: Costa Rica
Crypto-Games.io gives crypto enthusiasts the opportunity to sign up and access a wide range of sports and casino games on the platform and wager using altcoins and stablecoins, such as Tether’s USDT.
Players can choose between traditional professional sports, such as football, basketball, tennis and more, to esports and election results, among other special events and sports circuits.
Crypto-Games.io is licensed and registered in Costa Rica and offers its services to clients from different jurisdictions around the world.
Crypto-Games.io offers online sports betting USDT punters can take advantage of as stablecoins are much more convenient for players that wish to transfer their crypto winnings into fiat currency.
The minimum deposit requirement at CryptoGames is 10 USDT, while a minimum balance of 20 USDT is required to qualify for withdrawals.
Sign Up at Crypto-Games.io Here!
Sports: 40
Coins: BTC, LTC, USDT, ETH, XRP, TRX, and 12 others
Bonus: 200% up to $1,000
License: Curacao
Arguably one of the most influential and top USDT sports betting sites and casinos in the world, Stake.com has become a household name over its 6 years of operation.
With attractive sign-up bonuses and progression plans, Stake.com offers plenty of incentives to become the top choice for its clients.
The bookie offers USDT betting on a wide range of sports from professional sports, such as football and basketball, to esports and cultural/political events.
As one of the top USDT sports betting sites, Stake’s deposit and withdrawal policies are also quite favorable, as there is no withdrawal limit and clients can cash out all of their winnings in a single transaction if they wish to do so.
USDT bettors should consider that when placing multi bets on sports at Stake.com, the maximum number of positions in a parlay is 25, which is higher than most competitors.
We have already discussed our top 3 picks, however, this doesn’t mean that there are no more noteworthy platforms to use. There are plenty more where that came from. In this segment of the guide, we will give you information about additional decent and in their right spectacular sites that offer Tether as part of their payment system. In recent years any functional and popular platform has also added quite a few stable coins to their list of payment options.
Sports: 49
Coins: BTC, ETH, USDT
Bonus: 100% up to $1500
License: Cyprus
GG.bet is one of the most popular USDT sports betting sites when it comes to esports betting. While the bookie offers 27 different sports and events, its involvement in the esports scene has made it one of the most popular destinations for Tether punters.
The bookie offers an attractive combination of professional sports, esports, and casino games, which means that GG.bet has something to offer to every type of player.
GG.bet offers a four-step sign-up bonus that rewards the first four deposits with a combined bonus of up to $1,500. Each deposit rewards 100%, 125%, 150% and 175% of the deposit in gross bonus.
Withdrawal terms provided by GG.bet state that if the withdrawal amount is at least 20 times more than the account balance, users will be limited to withdrawing 5,000 USDT per month, or its equivalent.
Sports: 27
Coins: BTC, ETH, USDT, DOGE, SOL, LTC (55 others)
Bonus: 180% up to $20,000
License: Curacao
BC.GAME is one of the most diverse crypto bookies for USDT betting on the market. The sportsbook offers the most diverse selection of supported cryptocurrencies, with over 60 different coins to choose from.
Furthermore, the selection of sports where players can bet with USDT ranges from football and basketball to esports, cricket, horse racing, Formula 1, and much more.
All the popular sports and esports titles are covered by BC.GAME and a combination of favorable funding terms makes it one of the most enticing offerings on the market.
Adding to BC.GAME’s appeal is the hefty welcome bonus which rewards players with a 180% bonus up to as much as $20,000, which is one of the highest sign-up bonuses available.
Recurring rewards and promotions for long-standing clients means that both new and long-term players are incentivized to stay loyal to the platform.
BC.GAME also has an app for Android and iOS devices that come with all the standard functionalities of the web-based platform.
The customer support team can be reached via the live chat and email support functions and are generally quite responsive.
There is no withdrawal limit at BC.GAME and players can withdraw all of their winnings in a single transaction without any major complications.
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Depending on your interests and favorite sports, you may be wondering which specific sports you can wager on and what USDT bookmakers have to offer.
While the selection of specific sports depends on the specific sportsbook, certain sports are common among a vast majority of USDT online sports betting sites.
For instance, football is the most popular sport in the world and every bookmaker offers the major competitions of the sport, such as the UEFA Champions League, the FIFA World Cup, and a wide range of national championships, like the Premier League in England.
Another sport that is particularly popular among punters that bet with USDT is basketball. The NBA is especially known for attracting millions of players worldwide.
Aside from this, USDT sports betting sites compete with each other in terms of the number of different sports they can offer, such as cricket, snooker, winter sports, volleyball, ice hockey, and many more.
Typically, there are no restrictions when it comes to placing parlay bets with multiple different sports included. For example, a player may build a multi bet that includes 5 football, 2 tennis, and 3 basketball matches included in the betslip.
Based on your location, you could be accustomed to using different odds formats in sports betting. They differ in how they are represented, as well as the mathematical rationale behind their calculations and inclusion in a parlay bet.
The most commonly used odds formats you may come across are:
You can change the odds settings from the betting platform at your convenience and may need to refresh the page for the changes to take effect.
The first main distinction is the fact that USDT is a stable coin. What is a stable coin? What is it used for? How are stable coins created and are they a good idea? We will discuss the very nature of Tether while comparing it to the most popular and in-demand coins like Bitcoin and Ethereum.
Stablecoins are considered by many to be centralized because there is a company behind them that maintains the peg, whether it be algorithmic or collateralized. Therefore, stable coins aren’t cryptocurrencies in the sense that they aren’t decentralized. Which makes them perfect for Tether betting.
Another issue is that stable coins seem to be providing a solution to something that is just a growing pain and not a constant problem. Once cryptocurrencies achieve a higher market cap, their volatility will reduce dramatically and there will be no real use for stable coins. Stablecoins are trying to get the best of both worlds the stability of an established currency with a large market AND the flexibility of a decentralized, free for all cryptocurrency.
Cryptocurrencies were meant to serve as a medium of exchange and not just a store of value. The problem is that due to their relatively small market cap, even popular cryptocurrencies like Bitcoin tend to experience wide fluctuations in price. The cryptocurrency market cap is a small pond for now and is more affected by everyday buy and sell orders than, say, for example, the US Dollar.
Betting with Tether is easier because in theory it can be used for day-to-day activities.
It is hard to use Bitcoin or any other cryptocurrency for day-to-day transactions and trading purposes when one day it’s worth a certain amount and the next day it’s worth half of that. stable coins are made with the intent of solving this specific problem. Simply put, stable coins are an attempt to create a cryptocurrency that isn’t volatile. A stable coin’s value is pegged to a fiat currency. Tether, or USDT, is worth 1 US dollar and is expected to maintain this peg no matter what. Stablecoins allow for the convenience of cryptocurrency, which means a fast settlement and fewer regulatory hurdles, along with the stability of fiat currencies. Like most coins, the most obvious use case would be to use them as a medium of exchange for day-to-day purchases. This includes USDT betting sites. But since these coins aren’t very popular at the moment, no one accepts them as a payment method.
Tether is a fiat collateralized currency meaning that the value is hard pegged to the u.s dollar one tether is equal to one us dollar. The majority of tether lives on the Ethereum blockchain while the remainder is issued on the Omni and Tron blockchains because it is a stable coin. The best Tether betting sites always let you know on which blockchain they provide you with USDT.
tether is backed by physical reserves whose value will always be equal to or greater than the amount of tether issued according to tether these reserves may be held as a combination of currency and cash equivalents and from time to time may include other assets and receivables from loans made by a Tether to third parties however unlike other fiat collateralized currencies like USD coin tether does not conduct regular audits to confirm that the value of these reserves does match the amount of tether in circulation although BTC remains number one in terms of market cap tether has surpassed it as the most frequently traded cryptocurrency tether is supported by black card so you can use it to fund your black card account and make purchases wherever Visa is accepted. Like countless Tether betting sites.
If you are familiar with stablecoins, you may have heard of other options other than Tether. For example, the USD Coin, or USDC, is a popular alternative to USDT and some sportsbooks and casinos also offer the coin as a valid deposit and withdrawal method.
So what is the difference between USDT and USDC when it comes to gambling and why would anyone choose one over the other?
The answer to this question is simple scope. Tether is much more widely adopted and available than USDC, which means that even some of your favorite bookies may offer USDT, but not USDC, which can be a bit of an inconvenience if USDC is your stablecoin of choice.
Binance clients could hold a significant portion of their crypto in BUSD, which is the native stablecoin minted by Binance.
When it comes to using BUSD for crypto gambling, it is important to note that certain sportsbooks and casinos may not even support the Binance Smart Chain, or BEP-20, which can put BUSD holders in an inconvenient position.
Similarly to USDC, the difference between USDT and BUSD is the scope of adoption in mainstream businesses, such as gambling, which gives Tether betting the clear advantage over other stablecoins.
While you may have decided to start betting with Tether, you must first open a valid USDT wallet held under your name.
The process of doing so is generally quite simple and easy to follow. You can choose between third-party cold and hot wallets, or use the wallet of the exchange you are using in order to keep a USDT balance there.
If you are buying USDT for the first time for the specific purpose of online betting, you can do so using a wide variety of crypto exchanges, who accept bank transfers and credit card transactions as methods of payment for USDT.
Once you have successfully opened, verified, and funded a USDT wallet, you can sign up at the sportsbook/casino of your choice and start playing.
Once you have decided to deposit USDT into your account provided by the bookie of your choice, you will have to choose the network with which to handle the transaction.
Keep in mind that wallet addresses, as well as the networks, must match for the transaction to go through and, depending on the network, fees will apply.
Make sure to check that your sportsbook does indeed support at least one of the networks discussed below.
Tether issued on the Ethereum chain is one of the most popular methods to handle USDT transactions and most crypto bookies and casinos offer ERC-20 as a viable network.
However, certain sportsbooks, such as Stake.com, do not support ERC-20 for USDT transactions.
While the transaction fees may be slightly higher than other chains, ERC-20 is one of the most reliable options out there.
Perhaps the most popular option though, is the Tron chain, or TRC-20. This version of USDT offers some of the fastest transaction speeds and lowest fees available, which is great for players that need to have access to their funds as soon as they make a deposit/withdrawal.
Processing times are therefore lower due to a lower number of block confirmations required for the transaction to be approved and finalized.
Binance Smart Chain is one of the most widely used crypto networks on the market, thanks to the sheer number of traders who use Binance as their primary crypto exchange.
Fees and processing times on BEP-20 are also quite low, which makes for a convenient alternative to TRC-20.
However, it must be noted that not all sportsbooks and casinos will accept BEP-20, which is why it is important to make sure that your bookie supports the Binance Smart Chain.
Last but not least, the Solana chain is another viable alternative for crypto gamblers to deposit and withdraw funds from sports betting sites and casinos.
Solana’s high throughput and low transaction fees have made it an attractive option for USDT transactions, particularly for online casinos.
