Tether is a casino banking method that combines the best of both worlds for gamblers, security and stability. In this review, you will find a detailed guide on using this stablecoin for all your casino transactions, as well as a few casino recommendations. If this sounds like something you would be interested in, read on!
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🏆 The Best Tether Casinos for Canadian Players
| 🏆Best Tether Casino | LegendPlay Casino |
Perfect for players who dislike the volatile nature of cryptocurrency, Tether, or USDT, offers stability that most other token coins do not. This stablecoin is pegged to the US dollar and is perfect for gambling. Below, you will find my favourite Tether casino in Canada for you to start your journey.
Here are some of the high points of this guide:
- ✅ Best USDT Casinos
- ✅ Pros and Cons of Tether Gambling
- ✅ How to Deposit and Withdraw at Online Casinos for Tether Gambling
LegendPlay Casino
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Join the league 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. To benefit from this match offer, you must add at least $30 to your casino account. 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!
Sports lovers can also bet on over 40 sports categories, from popular options such as basketball and hockey, to more niche sports like e-Sports and Football AI. To find out more about starting your journey at this USDT online casino in Canada, head over to our LegendPlay Casino review!
Unfortunately, you cannot make any deposits with Tether at this casino as it is a withdraw-only payment method here.
❔What Is Tether?
Tether, more commonly referred to as USDT, is a cryptocurrency token that was launched in 2014. Unlike other cryptocurrencies such as Bitcoin, Tether is a stablecoin. This means that 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.
Tether as a company has more stablecoins available, namely Tether EURT (Euro), CHNT (Chinese renminbi), and MXNT (Mexican pesos). These stablecoins simplify cross-border payments as they can be used across blockchains, and value is hardly lost during currency exchanges.
📑 How to Open an Account at Tether?
To start using USDT at your favourite Canadian casinos, here are the steps you should follow:
- Head over to the official Tether website and click on ‘Create Account’.
- Enter your email and follow the instructions to complete the registration process.
- Fill the form with your personal details and confirm your account creation.
- Verify your identity by completing the KYC.
- Add funds to your account and use it to play your favourite casino games!
💳 How to Deposit to Online Casinos Using Tether
The process of depositing with Tether is not much different from the process of depositing with any other cryptocurrency. To start playing for real money using this stablecoin, here are the steps to follow:
- Select the casino you would like to play at. If you are unsure, check the ‘Best Tether Casinos’ section above.
- Create an account and head over to the Payments or Cashier section.
- Choose Tether (USDT) from the list of options and enter the amount you would love to deposit.
- Copy the wallet address, open your wallet and send the amount you wish to the address provided by the casino.
- Wait for the funds to reflect and start playing your favourite games.
💵 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 and go to the ‘Cashier’ section and choose Withdraw.
- Choose the amount you want to withdraw and enter your public wallet address (make sure to double check it is accurate).
- Confirm the transaction and wait for it to be processed.
- Once the processing is done, the funds should reflect in your account.
Note: USDT withdrawals can take anywhere from a few minutes up to 24 hours to reach your wallet.
👍👎 Advantages and Disadvantages of Tether Casino payment method
Here are the pros and cons of playing at USDT online casinos in Canada:
| Advantages of Tether | Disadvantages of Tether |
|---|---|
| ✅ Non-volatile cryptocurrency | ❌ Regulatory uncertainty |
| ✅ Supported by several online casinos | ❌ Controversies around Tether’s reserve claims |
| ✅ Transactions with Tether are quick |
💰 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. In fact, 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:
| Tether Casino | 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: The blockchain technology behind Tether 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.
- Speed of Payment: Like most cryptocurrencies, Tether transactions are very swift! Deposits hardly take more than a few minutes to reach your account. Withdrawals are just as fast, however, this speed will also depend on the casino processing time.
- Customer Support: One thing I love is a dependable customer support team and Tether is exactly that! This team is available 24/7 to walk you through any issues you might have. Contact them through email and receive a response quickly!
- Transaction Procedure: Depositing and withdrawing using Tether is quite easy. Although getting used to might be a little complicated in the beginning, you will most likely get the hang of it quickly!
🆓 Is Tether Free to Use?
Most Canadian 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?
Since its release about a decade below, USDT has gained popularity, reaching over 65 million users as of September 2022. These tokens make up a stablecoin and allow customers to transact across several blockchains without running much risk related to volatility. Nonetheless, because USDT and other crypto tokens are not legal tender in Canada, precaution is recommended for its handling. As a matter of fact, Tether does not guarantee the security of third-party software hosting its tokens. Digital tokens are not subject to any backup from the government’s financial control authorities.
To maximize user protection, Tether collects user data including name, email address, IP address, and time zone setting. Users are thus expected to comply with the security, audit, and self-regulatory standards of the industry. Internally, Tether ensures that only authorized persons have access to user information. Frequent audits and reviews are also carried out to ensure that the best possible quality service is delivered.
In addition, Tether advises users to keep their wallet addresses discreetly. Related valuable information must not be saved in emails as these are susceptible to attacks from hackers. Two-factor authentication is also recommended for Tether mobile users.
📲 Tether Casino Mobile App
Although there is a Tether mobile app, you can use this token from your mobile devices. For more transparency, here are the pros and cons of going mobile with Tether:
| Pros of Tether App | Cons for Tether App |
|---|---|
| ✅ Faster and more flexible payments | ❌ Restricted Institutional Access |
| ✅ Secure payments with two-factor authentication | |
| ✅ 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
We have come to the end of this Tether casino review and here are my thoughts! If you are looking for a payment method that will offer security and reliability, then this is for you! However, be advised that Tether has no legal tender in Canada. So, you must keep your wallet addresses private and your information secure! If you are technologically challenged, we suggest sticking to traditional Canadian payment methods you understand well such as Interac.
❓ Frequently Asked Questions about Tether Casinos
What is Tether?
Tether is a cryptocurrency, also known as a stablecoin, whose worth is pegged to the US dollar so that its value doesn’t fluctuate.
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 3 business days 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.