Tether Withdrawals from Online Casinos
Tether (USDT) is a cryptocurrency that has been available in the industry since 2014, initially under the name of RealCoin. This cryptocurrency’s feature is that it does not have constant price fluctuations. Its value is pegged to the US dollar, making Tether a perfect coin for gambling.
Casinos with Tether Withdrawal Method in United States
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How to Make Casino Withdrawals with Tether
Here is a step-by-step guide on withdrawing your winnings from an online casino using Tether:
- Go to the casino’s banking section and choose Withdrawals.
- Select Tether as a payout option.
- Enter your PWN that can be found on your cryptocurrency wallet.
- Indicate the desired withdrawal amount and confirm the operation.
- Your funds should appear in your Tether wallet right after the casino processes your withdrawal request.
Pros and Cons of Tether Withdrawals
Let’s take a look at the benefits and drawbacks of making casino withdrawals with Tether.
Pros:
- Low volatility. Tether’s stablecoin is pegged to the US dollar, so its value remains stable compared to other cryptocurrencies.
- Safe transactions due to the cryptography used for data protection.
- Transactions anonymity.
- Quick and cheap fund transfers.
Cons:
- This option is not widely available at online casinos.
- Lack of trust.
- Tether is a centralized company, meaning it controls the USDT distribution. This might become an issue if Tether were to go bankrupt, for example.
FAQ
Can I legally gamble using Tether to withdraw my funds?
It completely depends on whether or not online gambling is legal in your location. If online casinos are legal in your country, you can gamble with Tether.
What are the transaction times for Tether withdrawals from online casinos?
All Tether transactions are instant. However, the withdrawal may take some time since the online casinos process withdrawal requests for 1-5 five days. Once the casino has processed your request, the funds will appear in your digital wallet instantly.
How to create a Tether account?
You should select a cryptocurrency exchange platform and set up an account. Then, you can use your debit/credit card to purchase Tether. You will require a cryptocurrency wallet to store your Tether tokens in. Most exchange platforms offer their virtual wallets.
Are there any transaction fees for using Tether for withdrawals?
Online casinos usually do not take any extra fees for Tether withdrawals. However, cryptocurrency wallets often charge users a minimal transaction fee.