Tether is a casino banking method that offers gamblers the advantages of both security and stability. In this review, you will find a comprehensive guide on how to use Tether for all your casino transactions, along with some casino recommendations.
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🏆 The Best Tether Casinos for Canadian Players
🏆Best Tether Casino | LegendPlay Casino |
Tether, or USDT, offers stability that most other token coins do not. Below, you will find LegendPlay which is my favourite Tether casino in Canada for you to start your journey.
- ✅ Best USDT Casinos
- ✅ Pros and Cons
- ✅ How to Deposit and Withdraw
LegendPlay Casino
Step into the realm of legends at this Tether Casino in Canada. With over 3,500 casino games from more than 100 software providers, LegendPlay offers a plethora of options to its players. When you sign up at this casino, you get a 100% match offer up to $750 plus a whopping 200 free spins. You must add at least $30 to your casino account to benefit from this match offer. The wagering requirement for this offer is 35x.
The most loyal players get rewarded at LegendPlay! The 5-tiered VIP programme comes with fantastic benefits, including higher withdrawal limits, cashback, personal account manager, and so much more! Unfortunately, you cannot use Tether for withdrawals at LegendPlay Casino.
To find out more about starting your journey at this USDT online casino in Canada, head over to our LegendPlay Casino review!
❔ What Is Tether?
Tether, commonly referred to as USDT, is a cryptocurrency token launched in 2014. Unlike other cryptocurrencies such as Bitcoin, Tether is a stablecoin. This means its value is held around a specific asset making it less volatile. In this case, the asset is the US dollar. This coin is pegged to the US dollar at a 1:1 ratio. So regardless of the market conditions, you will always be able to trade 1 USDT for 1 USD.
📑 How to Open an Account at Tether?
To start using USDT at your favourite Canadian casinos, here are the steps you should follow:
- Visit the official Tether website and click ‘Create Account’.
- Provide your email and follow the instructions for registration.
- Complete your personal details and confirm your account.
- Verify your identity by completing the KYC.
- Add funds to your account and you're ready to play!
💳 How to Deposit to Online Casinos Using Tether
Once your account is set up, you can deposit to casinos using Tether with the following steps:
- Select a casino you wish to play at. If you are unsure, check the ‘Best Tether Casinos’ section above.
- Log into your casino account and head over to the Payments or Cashier section.
- Choose Tether (USDT) as your deposit method and enter your desired amount.
- Copy the wallet address, access your wallet, and send the funds.
- Wait for the transaction to be processed and begin playing!
💵 How to Withdraw from Online Casinos Using Tether
If you are lucky enough to win some funds at an online casino for Tether gambling, here are the steps to withdraw:
- Log into your Tether casino account, go to the ‘Cashier’ section and choose to withdraw.
- Choose the amount you want to withdraw and enter your public wallet address.
- Confirm the transaction and wait for it to be processed.
- Once the processing is done, the funds should be reflected in your account.
👍👎 Advantages and Disadvantages of Tether Casino payment method
Here are the pros and cons of playing at USDT online casinos in Canada:
Advantages | Disadvantages |
---|---|
✅ Non-volatile cryptocurrency | ❌ Regulatory uncertainty |
✅ Supported by several online casinos | ❌ Controversies around Tether’s reserve claims |
✅ Fast transactions |
💰 Are Casino Bonuses Available if Depositing with Tether?
You would be glad to know that funding your casino account with Tether doesn’t disqualify you from claiming bonuses. You can claim a variety of bonuses such as free spins, cashback, reloads, match offers, and so much more.
LegendPlay is one of these casinos, offering players a mix of free spins and a match offer, as seen below:
Casino | Promotion |
---|---|
LegendPlay Casino | 100% up to $750 + 200 Free Spins |
🏦 How we Rank Tether Casinos
There are four main criteria I use to determine if a payment method is good for players or not. You can find them below:
- Safety & Security
- Speed of Payment
- Customer Support
The blockchain technology behind this payment service ensures that your transactions are safe and secure. The transparency of this technology makes it virtually impossible for funds to be tampered with. In addition, the Tether mobile app is equipped with two-factor authentication.
Transactions are remarkably fast, with deposits typically arriving within minutes. Withdrawals are just as fast; however, this speed will also depend on the casino processing time. Tether transactions are simple to grasp, though initially requiring some adjustment.
One thing I love is a dependable customer support team. The team at the casinos I recommend are available 24/7 to walk you through any issues you might have. Responses are typically provided quickly via email.
🆓 Is Tether Free to Use?
Most Canadian online casinos do not charge extra fees on Tether deposits and withdrawals. this relies on the discretion of the casino, so you should check the terms and conditions for more details. Converting your USDT into fiat currency (and vice-versa) might incur a fee, so you should watch out for that!
🔐 Is Tether Safe and Secure?
To ensure user protection, Tether does the following:
- ✅ Collects user data such as name, email address, IP address, and time zone setting
- ✅ Ensures users comply with industry security, audit, and self-regulatory standards
- ✅ Grants access to user information only to authorized individuals
- ✅ Conducts frequent audits and reviews to maintain quality service
- ✅ Advices users to keep wallet addresses discreet and avoid saving sensitive information in emails
- ✅ Recommends two-factor authentication for mobile users
📲 Tether Casino Mobile App
Although there is a Tether mobile app, you can use this token from your mobile devices without it. For more transparency, here are the pros and cons of going mobile:
Pros | Cons |
---|---|
✅ Flexible payments | ❌ Restricted Institutional Access |
✅ Secure with 2FA | |
✅ iOS and Android-friendly |
🏦 Alternative Payment Providers
Here are some payment methods you can use instead of Tether:
- PayPal: This payment method has a far-reaching reputation and has been providing players with innovative payment solutions since 2000. This e-wallet has more than 6.6 million active users in Canada. Deposits are always instant with this payment method. Withdrawals hardly take more than 3 business days to reach your account.
- MuchBetter: This is an innovative payment service that provides players with safe deposits and quick withdrawals. Withdrawing your funds hardly takes more than 3 business days to reach your account. Unfortunately, it is only available for mobile devices.
- PaySafeCard: PaySafeCard offers a virtual card powered by MasterCard and therefore opening you up to a variety of payment services. To use this payment method, enter the 16-digit voucher code and start making secure deposits. Unfortunately, you will not be able to use PaySafeCard to withdraw any winnings.
- Google Pay: Google Pay was launched in 2011 as Google Wallet and evolved over the years to meet up with users’ needs. Compatible with major Canadian banks, you can use Google Pay for your safe withdrawals and deposits. This payment method can be used on devices running on Android 5.0 or higher and on desktop and laptop computers.
⚖️️ Our verdict on Tether Casino payment method
I have reached the end of this Tether casinos guide and would like to share my thoughts. If you are looking for a payment method that offers both security and reliability, Tether is a great option. However, users should be sure to keep their wallet addresses private.
Also, be advised that it has no legal tender in Canada. Thus, regulatory scrutiny may affect it's use and trading. You may want to stick to traditional Canadian payment methods such as Interac if you are not crypto savvy.
❓ Frequently Asked Questions about Tether Casinos
How does Tether work?
Tether (USDT) is a stablecoin designed to maintain a stable value by pegging its market value to a reserve of assets, typically fiat currencies. It serves as a bridge between fiat currencies and cryptocurrencies, providing liquidity and transferring value without volatility.
Can I use Tether at online casinos?
Yes, you can! Tether provides players with a mostly risk-free and reliable gambling journey. You can start your Tether journey at LegendPlay Casino.
How long do casino transactions take when using Tether?
Most times, withdrawals and deposits with Tether are instant. However, in some rare cases, you might have to wait up to 24 hours to receive a withdrawal initiated with Tether.
Is Tether secure to use when gambling online?
Yes, it is! Tether makes use of blockchain technology and all transactions are managed securely within the network. In addition, Tether has a set of security tools in place to protect its users.
Are there any fees for using Tether at online casinos?
Generally, Tether online casinos don’t charge any fees for transactions. However, Tether itself might charge you a fee when you deposit and withdraw with Tether using fiat currency.
Kayleigh reviews online casinos and sportsbooks while coordinating training initiatives for new recruits at Casimoose.ca. She excels at sharing her love for the iGaming industry and puts her past experience to good use. With a background working for the biggest gambling brands online and a strong analytical ability, Kayleigh developed a natural gift in breaking down each component of online casinos, betting sites as well as their offerings and hasn't looked back. Outside of Casimoose, she's a proud Ontarian with a love of sports and entertainment.