The 10 Best Tether Betting Sites for 2024

How Tether Works

Tether works by issuing digital USDT tokens on a blockchain platform which will be backed by a reserve of US Dollars.

When you wish to convert your US dollars into USDT, you will need to send your USD to Tether. You will then be given the USDT equivalent directly into your wallet. Then, when you want to convert your USDT back into USD, you can send it back to Tether, and they will then send back the equivalent in USD.

The intention is to provide a stable way to use virtual currencies with fewer risks and more stability.

Why Use Tether for Betting?

You may have heard talk of Tether and wondered whether it is worth your time. Although most people know something about cryptocurrencies, especially the main currencies, it is still a mystery to many. However, once you find out about Tether, what it is, how it works, and the advantages of using it to bet, the chances are you won’t want to go back to traditional fiat currency betting. But why?

Enhanced Privacy

Depositing money at a traditional betting site can be full of red tape. Ultimately, most banks don’t like gambling and make it hard for you to spend your money on a betting site. If you do have lots of betting transactions on your bank statement, then getting a loan or mortgage can be practically impossible. You don’t even have to be a regular gambler for it to affect your credit rating.

However, if you bet with Tether, banks won’t need to know anything. Because it is a decentralized currency, you can make your bets without using an intermediary, which means it can be completely private.

Becoming More Widely Accepted

At the start of the crypto industry, most people had only heard of Bitcoin. However, there are now thousands of virtual currencies, with some more well-known than others. Although many countries still don’t consider cryptocurrencies as legal tender, more countries are accepting them as a way to pay. In fact, in 2021, El Salvador became the first country to make BTC a legal tender – and other countries will soon follow.

Faster Payouts

At traditional fiat betting sites, payouts are often very slow – mainly because of the bureaucracy of the banking system. Decentralization means there are none of these restrictions. So, when you bet with and withdraw your Tether winnings, the money will be with you much quicker.

Higher Deposit and Withdrawal Limits

Another issue encountered at traditional fiat currency betting sites is low deposit and withdrawal limits. So, if you are lucky enough to enjoy a big win, it might not be so easy to withdraw your payout. You will probably need to supply lots of additional documentation to withdraw your money as well, taking even longer. Win too often, and your account might even be restricted or closed.

However, USDT betting sites often allow large withdrawals, and some impose no limits at all.

How to Choose the Best Tether Betting Site

Although we have brought you the very best USDT betting sites, what makes one site great for one bettor isn’t always the same as for another player. Your requirements will usually be a little different. As such, we recommend you read our reviews carefully to see whether it ticks your specific boxes.

Here are the main factors we consider when creating our USDT betting site reviews:

The Selection of Sporting Events

The best-ranked betting sites on our list will offer as many (if not more) sports as traditional betting companies. Whether you prefer to bet on football, tennis, boxing, or the NFL, they’ll have you covered. The best also offer eSports and virtual sports betting, possibly even a casino.

End-to-End Tether Betting

Just because a site accepts USDT, it doesn’t mean it is an end-to-end Tether. To get the best experience, you need to make sure that you can deposit, play and withdraw using Tether for these reasons:

• Playing at a traditional betting site that accepts USDT: Although you can deposit using Tether, it will automatically convert into a fiat currency, you play with fiat currency and then it gets exchanged back to USDT when it is withdrawn. This means added exchange fees – and none of the advantages of betting with cryptos (fast withdrawals, high maximum withdrawals etc).
• Playing at an end-to-end Tether site: Everything is done in USDT, which means there are no exchange fees, less red tape, and complete anonymity.

The Quality of Bonuses

No matter what betting site you play at, the quality and quantity of bonuses are important.

The bonuses you receive should not only be a decent size but also have fair and achievable T&Cs – meaning reasonable wagering requirements and decent time restrictions.

Here are some to look out for:

1. Welcome bonuses
2. Reload bonuses
3. Free bets
4. Cashback bonuses
5. VIP programs

Don’t forget that all bonuses at USDT betting sites come with terms and conditions, such as minimum deposit requirements, wagering requirements, and time limits. Before you claim a bonus, make sure you carefully read the terms and conditions to understand what you need to do to claim the offer and withdraw your winnings USDT.

Banking

Most USDT betting sites will also offer a variety of other crypto options, such as Ethereum betting and Bitcoin betting. The more options you have available, the better.

• Fast Withdrawals
• Variety of cryptos
• High Maximum withdrawals

The Reputation

One issue with betting with Tether is that once you make a transaction, it can’t be reversed. That’s why we thoroughly check the reputation of every Tether betting site we recommend so that you know you will be depositing money onto a site that looks after your interests.

Check The Tether Betting Regulations in Your Country

Even the best USDT betting sites have restricted countries. Before you choose one of our top operators, you need to make sure that they accept players from where you live.

If you do opt to play at a USDT betting site that isn’t regulated in your region, by using a VPN, then this could come with consequences. If it is determined that you shouldn’t be betting with them, they may close down your account immediately, which means you could lose whatever money is in it and any wins you are due.

The Customer Service

Ideally, the best sites will offer help around the clock via live chat, email, phone, and social media.

How to Bet on Sports Using Tether

If you are interested in playing at one of our top sites, then why not get going? But before you do, you will need to have USDT to play with:

If you have purchased Tether and want to get started, it’s easy to place your bets…

1. Choose one of our recommended USDT betting sites: Before you can start betting with Tether, you’ll need to choose the right betting site. Simply look through our list of top sites, read the reviews, pick the right one for you, and click on the link.
2. Create an account: Once you’ve selected your preferred betting platform, create an account. If it’s an anonymous casino or betting site, you will only need to enter an email and password.
3. Make a deposit: Next, deposit your Tether into your new betting account. You will need to select Tether, copy the wallet address, open your personal Tether wallet, paste the casino wallet address, how much you wish to send, and press confirm. You should have money in your account in moments.
4. Place your bet: Once you have Tether in your new betting account, you can claim your bonus and place a bet on whatever you want.
5. Watch the bet play out: Keep an eye on your bet and check the outcome. If you win, your winnings will be put straight into your account, and you can withdraw your money in moments.

The Pros and Cons of Choosing Tether for Betting

So, why would you choose USDT over other cryptos or fiat currencies? Well, here are the main advantages and disadvantages of Tether betting:

1. Has a stable value: Because Tether is pegged to the US dollar, its value is relatively stable compared to other cryptocurrencies. This can be an advantage for sports betting because it means your wins are less likely to drop in value overnight.
2. Widely accepted: Tether is becoming widely accepted on many cryptocurrency exchanges and platforms, making it easier to find a great betting site.
3. Fast and efficient transactions: Tether transactions (deposits and withdrawals) are processed quickly and efficiently, making it a convenient option for sports betting.
4. Anonymity: Just as with other cryptos, Tether transactions offer anonymity.

However, we like to be completely transparent – and before you get started, it’s important that you are aware of any drawbacks.

• Fewer regulations: Tether and crypto betting sites are subject to fewer regulations, so you need to be certain you are playing at a reputable site, such as those we recommend.

• Security risks: If you lose your Tether, you are unlikely to get it back.
• Can be confusing: Cryptocurrencies can be complex and challenging to understand, so if you are new to them, you need to read up on how it works first.
• Not as many options as traditional betting sites: Although Tether is widely accepted on many platforms now, it still doesn’t offer the same number of options as fiat currency betting.

Conclusion

If you like the idea of crypto betting but are concerned about its volatility, the stablecoins such as USDT might be the ideal option for you. You can enjoy many of the benefits of betting with crypto with the stability of fiat currencies.

Getting started is very easy and you can enjoy numerous betting options at any of our top recommended betting sites. So, what are you waiting for? Simply read our reviews, pick your preferred site, and place your bet!