Tether is a tool for converting dollars into cryptocurrency. It uses a USDT (United States dollar tether) coin for transactions, which is pegged to the US dollar at a rate of 1:1. In other words, for every 1 USDT issued, there is 1 USD stored in a bank deposit. This is why USDT gambling is so popular as a payment method. USDT is securely linked to the dollar, while other cryptocurrencies are subject to exchange rate fluctuations. Tether tokens are issued on the Ethereum blockchain using the ERC-20 standard. Tether, therefore, has a lower transaction fee on the network.
Funding your account with USDT cryptocurrency
- Creating a cryptocurrency wallet
You need a cryptocurrency wallet to make a deposit in USDT. Among the great variety of wallets, we recommend choosing the simplest and most anonymous one.
- Buy USDT coins
You can buy Tether (USDT) in two ways: buying USDT from your bank account and exchanging BTC and ETH bitcoins for USDT. The most common approach is to exchange BTC and ETH to USDT on an exchange. There are many exchanges online that support Tether cryptocurrency, such as Exmo, Kraken, Poloniex, BitFinex. The exchanges work with credit cards, debit cards, and bank transfers. Once purchased or exchanged, tokens can be sent to your online casino account.
- Deposit in USDT
At Red Dog, you can make a deposit in two ways. Via cryptocurrency wallet:
- Copy your cryptocurrency wallet address to Red Dog;
- Transfer funds from your wallet to Red Dog wallet (using the previously copied address);
- Wait a few minutes for the transaction to complete. Done! You can also top up your current fiat balance (or withdraw funds from your account) via USDT.
Benefits of Tether at online casinos
Let’s take a look at a few of Tether’s compelling benefits for online casino gaming:
- Fast and cheap transactions. A payment takes no more than 10 seconds.
- Clear 1:1 conversion and stable exchange rate. Easy control of the cash balance in the game (1USDT is 1USD) and tracking of betting history.
- Anonymity. Tether users can deposit and withdraw money anonymously.
- No rate fluctuations when depositing.
- Cryptocurrency is supported by most game providers.
- Attractive bonuses from casinos for using Tether (USDT).
- The disadvantages are the impossibility to mine Tether (USDT) and the minimum transaction amount of Tether cryptocurrency is 40 USDT. Which is not a particular hindrance to the use of USDT in gambling.
So, Tether cryptocurrency (USDT) is not only a convenient tool for depositing but also a great opportunity to get good bonuses from Red Dog. Use Tether (USDT) and enjoy your game!
Bonuses for Cryptocurrencies
Cryptocurrency casinos are renowned for their generosity when it comes to bonus rewards. By making transactions with Tether, players are rewarded handsomely. Typically, these include welcome and deposit bonuses, freespins in popular video slots, and cashback rewards. Such gifts fuel the audience’s interest, increase their loyalty and motivate them to bet in cryptocurrency.
Almost all casino bonuses with cryptocurrency need to be wagered, that is, scrolled 25-40 times. For example, if the wager is 35x, the player will have to wager the bonus money 35 times. It is always possible to refuse the bonus, if not satisfied with the conditions or the amount of wagering. You can do that at the account registration stage.
Are cryptocurrency payments at online casinos safe?
The fact that cryptocurrencies are a decentralized payment method may make some players wary. Indeed, when using blockchain technology, no one checks or monitors financial transactions. However, it is this option that makes cryptocurrency casinos safe. You will now see what this is all about.
Firstly, every transfer using blockchain is protected by a special private key. Secondly, every licensed online casino is strictly monitored by reputable authorities. Gaming operators are regularly checked by independent experts. They confirm that the results of any cryptocurrency game are random and fair.
Cryptocurrency has gained widespread popularity due to its highly secure transaction system. The wallet where your funds are stored requires registration information with a two-step verification feature, making the task of hacking difficult for hackers. However, you should remember never to share your login information with untrustworthy sources, as legitimate organizations, such as casinos, do not require such sensitive data.
How to choose the best cryptocurrency casino
Given the ever-growing range of cryptocurrency-enabled casinos online, it’s important to choose a reliable site that complies with all the conditions for fair and responsible gaming. If you are in search of the best crypto casino 2023, we advise you to pay attention to the following criteria:
- Official license. The best Tether casino must have a gambling permit issued by a reputable jurisdiction. For example, UKGC, Curacao eGaming, or Malta eGaming.
- Fast deposits and withdrawals. The speed of money transactions is not even in question. All transfers should take place within minutes. If a cryptocurrency casino delays payments for more than a day, you are most likely dealing with a scam.
- Support for all major cryptocurrencies. The gambling club should work with all popular assets, including Bitcoin, Tether, Ethereum, and Litecoin. Support for obscure or loss-making coins like LUNA is of little interest.
- Good customer service. Digital currencies are always an issue for gamblers. A FAQ section on the website is desirable, as well as a live chat or phone with Russian-speaking technical support.
- Beneficial bonuses. Nice rewards are part of what reputable Bitcoin casinos provide their players. These rewards often include welcome bonuses, no deposit bonuses, deposit bonuses, cashback, and other cryptocurrency wagering prizes in the loyalty program.
- Decentralization. Any online casino with cryptocurrency support must use a decentralized, open-source platform. It makes the game completely transparent and secure.
- Compatibility with mobile devices. One of the basic principles of blockchain is that payments can be made anywhere, anytime. A good casino is adapted for mobile screens and runs on all modern smartphones.
- Assortment of games. A rich catalog of Bitcoin video slots is another criterion for a quality institution. In such casinos, several thousand games are available for all tastes: video slots with jackpots, baccarat, blackjack, video poker, keno, bingo, etc.
If your selected online casino meets all the above criteria, you can proceed to registration and deposit your account.