What are tether casinos? – Loop North News

What is Tether?

USDT or Tether is a cryptocurrency, the value of which is tied or “tethered” to the U.S. Dollar. This is what is known as a stablecoin. Other cryptocurrencies often fluctuate wildly in value, to the point where during the time it takes to make one transaction the value could have changed enough to make another transaction necessary. For small amounts, this is often negligible, but for larger transactions, this becomes a problem. For those with crypto, having a stable option that is tied to the value of the dollar is valuable in providing steady liquidity.

A brief history of Tether

The concept for Tether was created by J.R. Willett in a 2012 whitepaper describing how to build new cryptocurrencies on top of the blockchain, that went on to become the basis for Mastercoin. The technological foundation for this was adapted into Tether in 2014.

In 2015, the crypto trading platform Bitfinex started making Tether available to trade, which massively increased its legitimacy and reach. Fast forward to 2019 and Tether had surpassed Bitcoin in terms of volume and trades per day, making it one of the most important cryptocurrencies in use today.

Ten best Tether online casinos

Here’s a list of the best Tether casinos we could find, but as always, it’s best to read what the online casino expert websites are saying before signing up anywhere.

1 Bitcoin.com Games Casino

The casino for Bitcoin.com is a large and trusted bitcoin wallet operator.

2 MonteCryptos Casino

MonteCryptos offers a deposit match bonus of 310 percent, up to 6BTC, which is a great bonus for those so inclined.

3 Stake Casino

Stake has a bit for everyone, including sports betting, games, and virtual sports. This is all presented in a neat package with great bonuses.

4 Bets.io Casino

Twenty percent daily cashback is a tempting offer. With slots and live casino options, this might be the place for you.

5 Boomerang Casino

Boomerang Casino offers some great signup deals and a variety of games.

6 Kineko Casino

Matching your wager up to 150 Euros (about $154) is a fairly generous offer, and a wide selection of slots keeps players going back to this one.

7 Cobra Casino

Up to 5BTC and 50 free spins as a starting bonus, sports betting, slots, live casinos, and a VIP program, this one has it all.

8 Bitdreams Casino

Live casino, slots, a generous 200 free spins, and up to a 2,000 Euros (about $2,061) bonus is a great way to entice new customers.

9 Goodman Casino

Goodman’s premier live casino show, Crazy Time, offers multiplier after multiplier to keep things exciting.

10 Fastpay Casino

The clue is in the name with this one, but they also offer some great games.

Why choose Tether casinos?

You should choose Tether casinos over other crypto casinos because the money you are putting in is more stable than other cryptocurrencies. Your mileage may vary, but sometimes gambling with crypto can be like hitting a randomizer due to how much the value fluctuates.

Your prize might not be worth as much as it should be, or worse yet, you gamble a lot more than you are comfortable spending.

Tether casinos allow you to set clear limits because the value of the coin remains constant. They are a lot like traditional casinos in that regard but offer some of the best features of modern crypto casinos.

The main advantage of cryptocurrency, in general, is that the blockchain allows for provably fair games as all wins and losses are recorded in the blockchain. There is nowhere for the casino to hide.

Another advantage is that crypto casinos have much lower operating costs. Transaction fees are minimal, which allows the casino to pass on these savings in the form of higher bonuses.

Last, but not least, is the anonymity that crypto provides. The customer can do as they please with their money in complete anonymity thanks to the power of the blockchain.

All you need to get started is to buy Tether and you can take full advantage of the benefits it provides.

How are the bonuses?

Compared to other gaming sites, some of the bonuses at Tether casinos are pretty spectacular, such as 20 percent daily cashback or a 310 percent deposit match bonus of up to 6BTC. If you are just starting out, some of the best signup deals in online gambling are with Tether casinos.

What are the games like?

Tether is just the currency, there are casinos and games that fit every type of player out there. Whether live dealer games are what you prefer, online slots or sports betting, there are games for all types of players out there in Tether casinos.

Pros and cons of Tether gambling

Pros:

• Great bonuses

• Fair games due to blockchain technology

• Anonymity

• Low volatility

Cons:

• Tether casinos are not as widespread as other types of casinos.

• Tether is controlled by Bitfinex which means it is not decentralized like other cryptocurrencies.