Our Guide to Tether Casinos Canada

Tether’s ticker or ‘code’ is USDT, which looks extremely similar to USD – and that’s not a coincidence. It’s because the price of Tether is directly pegged to the price of US dollars. The idea is that one USDT should be worth nearly the same as US$1.

In crypto circles this is called a stable coin, because the price is, well, stable. And that’s a really useful thing when you’re leaving big stacks in your casino account!

If you bet with Ripple, Ethereum, or any other crypto which isn’t a stable coin, there will be periods when the price of the coin increases or decreases dramatically in a short space of time. You might sign in, win US$10, and by the time you’ve signed in the next day you’re $20 down in terms of USD value.

USDT gambling is different. The amount you have in your account is likely to remain almost the same. All currency values fluctuate, including traditional ones like USD and CAD, but to a much less noticeable extent.

Some of the best perks of a USDT casino include:

• Stable balance. The price of Tether is tied to the US dollar, so it’s unlikely to fluctuate too much too quickly.

• Fast withdrawals. Like other cryptos, USDT allows you to cash out your casino winnings at rapid pace, with no bank checks.

• Extremely liquid. Tether typically has the largest trading volume of any crypto, making it easy to buy and sell.

• Anonymous. Keep your financial details private by using USDT instead of USD or CAD.

Even though USDT is closely linked to USD, it is still a crypto, and that means you’ll need to set up a digital wallet to get started.

If you don’t have one already, you’ve got nothing to worry about. Creating a USDT wallet is quick, easy, and free. You have a few tasty options to choose from, so we’ll start off by breaking down the strongest contenders before walking you through the step-by-step process.

These are the best Tether wallets:

• Trust Wallet. One of the most widely used wallets for Tether. It’s ideal for mobile and includes a few advanced features, like NFT marketplaces.

• Trezor. If you want to store your USDT offline, Trezor is the most popular choice. You’ll receive a physical key which stores the digital keys to your crypto.

• Coinbase. Keep things simple with a Coinbase wallet. Download the user-friendly app to get going, with super-simple transfers.

• MetaMask. This wallet is built into your browser. It keeps your tether completely private, but you’ll need to take close care of your Secret Recovery Phrase.

Normally, it’s quick and easy to cash out your USDT at Tether casinos.

Tether works on the Ethereum network, which can infamously slow down quite a bit during busy periods. There are updates in the works to fix this, but it does mean you have to take withdrawal times with a pinch of salt.

In terms of fees, Tether isn’t the cheapest. As with all ERC20 tokens which run on the Ethereum blockchain, there’s a lot of variance. A transfer might set you back a couple of bucks one day and $20 the next. There are too many variables for a one-size-fits-all answer, but you can avoid these issues by picking and choosing your spots. If gas fees are high, just wait a while and check again. Or try it on the Tron network.

When you want to withdraw USDT, follow these steps:

• Visit the casino. The first step is to log into your casino account and head to the cashier area.

•  Withdraw. Find ‘USDT’ to initiate a withdrawal. You’ll need the wallet address that you want to send it to.

• ·Wait. You might have to wait a few minutes for the transaction to complete on the Ethereum blockchain.

• ·Spend. Once your USDT lands in your wallet, you can spend it, trade it, or save it.

Tether is a stable coin, so it doesn’t get compared to other cryptos in the same way that you’d see with BTC vs ETH or Ripple vs Solana. There are other stable coins out there, and they do have pros and cons when compared to Tether. For example, no other coin is as liquid as Tether, which means there are loads of transaction and lots of ways to access it. But then there are other stable coins which might have lower fees for transfers.