USDT (Tether) is a part of cryptocurrency, and its usage is increasing day by day.
According to Dailyhodl, the number of people owning crypto is increasing by about 34%, as it was 420 million back in 2023.
BTC PEERS found that in 2023, USDT (Tether) emerged as a highly popular cryptocurrency for payments, accounting for 25.4% of all cryptocurrency transactions, up from 15.1% in 2022.
It even surpassed Bitcoin with 39.1% of transactions in December 2023.
However, if we specifically talk about online casinos that accept USDT (Tether), you’ll find Tether in the cashier section.
When we compared Baytree and Casino Reward casinos, the presence of different types of Bitcoins was evident in Casino Reward Casinos.
In this article
| Fact | Details |
|---|---|
| Launch Year | 2014 |
| Owned by | iFinex Inc., which also owns Bitfinex |
| Currency Type | Stablecoin, pegged 1:1 to the US Dollar (USD) |
| Blockchain Support | Available on various blockchains (Ethereum, Tron, Solana, etc.) allowing fast casino payments |
| Licensed by | Registered with FinCEN in the US |
| Popularity in Casinos | Accepted by online casinos due to its price stability |
| Market Cap | Over $80 billion (2023) |
| Casino Benefits | Tether is favoured for quick deposits/withdrawals, low fees, and providing a USD value balance without needing traditional bank processes. |
Online Casinos that Accept USDT (Tether)
 | Captain Cooks 4.1/5 stars | Deposit $5 & Get 100 spins Wagering: 70x | 95.3% | More Details |
 | Zodiac 4.2/5 stars | Welcome Package Worth $500 Wagering: 200x | 96.3% | More Details |
 | Casino Action 4.2/5 stars | $1250 Bonus Wagering: 200x | 97% | More Details |
 | Casino Classic 4.4/5 stars | 100% match deposit Wagering: 200x | 96.3% | More Details |
 | Luxury 4.1/5 stars | 100% Bonus Up To NZ$150 + 25 Spins Wagering: 200x | 95.3% | More Details |
 | Ignition 3.8/5 stars | 300% up to $3,000 Wagering: 99x | 94.7% | More Details |
 | Casino Kingdom 4.1/5 stars | 1 FS + 40 chances with $1 + 100% Match Bonus up to $200 Wagering: 200x | 96.3% | More Details |
 | Yukon Gold 4.1/5 stars | 150 spins + $150 deposit bonus Wagering: 200x | 96.3% | More Details |
 | Nostalgia Casino 3.9/5 stars | No sign up bonus. Minimum Deposit: $10 Wagering: 200x | 96.3% | More Details |
 | Limitless Casino 2.8/5 stars | 505% Bonus + 500 Spins Wagering: 3x | 96.3% | More Details |
Gaming with Tether
USDT is a type of Tether Token pegged 1:1 to the US Dollar. This means that for every USDT token in circulation, Tether holds one US Dollar in reserve.
So, if you have 100 USDT, theoretically, Tether has 100 USD set aside to back that amount.
The net circulations of USDT (which is a Tether Token) is $119,857,245,003.33.
You need to find and choose a wallet supporting USDT to use. Some wallets include
- Trust Wallet
- Coinbase Wallet
- Exodus Wallet
- Ledger (Hardware Wallet)
- Coinomi
- Binance Wallet
- Trezor
Choose any of these, create your account and follow all the instructions to fund your account.
This amount then can be used to buy USDT from a cryptocurrency exchange using fiat currency (like USD) or by trading it for other cryptocurrencies.
Popular exchanges for purchasing USDT include Binance, Kraken, and Bitfinex. After buying the desired amount of USDT, you can successfully start gaming with Tether (USDT).
Pros & Cons
- Fast Transactions: USDT transactions are processed quickly, usually within minutes.
- Low Fees: Transaction fees are minimal or non-existent, typically under 1%.
- High Market Cap: Over $80 billion market cap ensures liquidity.
- Stable Value: Pegged 1:1 with USD, avoiding volatility during use.
- Limited Casino Support: Not all casinos accept Tether, limiting options.
- Requires Crypto Wallet: Users must have a crypto wallet compatible with USDT.
- Learning Curve: May be complex for users unfamiliar with cryptocurrencies.
How to Use Tether (USDT) at Online Casinos?
Accessing Tether (USDT) at online casinos is similar to using any E-Wallet, but there is just a single difference.
For USDT (Tether), You must generate a unique wallet address provided by the casino and send USDT from your cryptocurrency wallet.
This typically involves copying and pasting the address into your wallet to complete the transaction.
So, now you can find the complete process for depositing funds at online casinos using USDT.
- Choose any USDT casino from our list above.
- Create your account and log in.
- Select Crypto or USDT as your payment option.
- Input the amount you wish to deposit.
- The casino will provide you with a unique wallet address to which you must send your USDT.
- Use your cryptocurrency wallet (e.g., Trust Wallet, Coinbase) to send USDT to the casino’s wallet address.
This is the general process which is usually followed. There might be certain changes. Hence, we advise you to constantly check the terms and conditions of its usage.
Withdrawal using Tether USDT
The process of withdrawal at online casinos in New Zealand is very easy and straightforward.
To withdraw using Tether (USDT) at an online casino, log into your casino account and go to the withdrawal section.
- Select USDT as your withdrawal method.
- Enter the amount you wish to withdraw.
- Provide your USDT wallet address.
- After confirming the transaction, the funds will be processed and sent to your wallet.
This method avoids any connection with banks and hence avoids unnecessary delays, making it a convenient and quicker payment method.
How do you choose Tether (USDT) online casinos in NZ?
To choose Tether (USDT) online casinos in New Zealand, follow these steps:
- Check USDT Support: Ensure the casino accepts Tether for both deposits and withdrawals.
- Verify Security: Look for licensed and regulated casinos for safe transactions.
- Transaction Speed: Choose casinos offering fast processing times for USDT withdrawals.
- Fees: Ensure low or no fees on USDT transactions.
- Game Availability: Confirm that the casino has a good selection of games.
- Customer Support: Check for responsive support to assist with USDT queries.
Editor’s Verdict
While Tether (USDT) offers many advantages for online casino payments, such as fast transactions, low fees, stable value (pegged 1:1 with USD), and enhanced security and privacy, there are also drawbacks.
It has a minimal transaction fee, often under 1%.
Not all casinos accept USDT, limiting player options and using it requires a compatible crypto wallet, which may be confusing for those unfamiliar with cryptocurrencies.
While more private than traditional banking, blockchain transactions can still be tracked.
FAQs
What is a USDT payment?
USDT, or Tether, is a stablecoin pegged to the US dollar. This means that one USDT is intended to be equivalent to one US dollar.
Is it possible to withdraw using Tether?
Yes, it’s possible to withdraw funds from Tether. You can typically convert your USDT back into your local currency or another cryptocurrency.
Are USDT transactions safe?
USDT transactions are generally considered safe, but it’s important to exercise caution. As with any cryptocurrency, there’s always a risk of fraud, hacking, or other security issues. It’s recommended to use reputable exchanges and wallets, and to follow best practices for online security.
Is Tether gambling legal?
The legality of Tether gambling varies from country to country, but it is legal in New Zealand. Online gambling operators must hold a license from the Department of Internal Affairs (DIA) in order to offer their services legally in New Zealand.