Bitcoin Forum

There are many bitcoin based gambling platform that supports other alts too but I haven't seen any that support Tether which is also like another altcoin but its value always tend to be be 1 USD. This will allow users to bet in terms of fiat without risking their money with neteller and skrill like platform and and playing with fiat based gambling platform which ask for complete verification.

What you guys think about this idea? Are there any platform which supports Tether?

I never seen Tether on gambling sites. Actually I've seen it only at Poloniex and Bittrex )))
So it almost 99% that usdt not available at gambling. I think it USA company, so it will be never in gambling.

I see why Tether never make it in the gambling sites, have you seen the recent price of it right now it is just $0.990995 as of now, it went down when the bad news about china spread certainly we can see that bitcoin is in the down side too, but I think this kind of coins still need to go further.

youre true never gambling site support USDT, because not all country support USDT , tether strong regulate

about exchanger not only poloniex and bittrex, much exchanger support USDT, kraken, yobit, bitfinex and many more support USDT too

Nope, i don't know any gambling site that accepts tether. i don't and won't use tether anyways. the reason why i won't use tether is because the price can slip below dollar pegged value(as YuginKadoya pointed out), the other reason is this  "There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers."  (from their tos)

I'm waiting for a better alternative..

Thanks for reply guys but I think major problem is legal problem on implementing USDT which is actually owned and backed by real cash in bank in anonymous bitcoin casino. Without strong KYC policy I don't think casino can provide USDT deposit and withdrawal feature.

Let see if there will be any casino that will come up with USDT as deposit/withdraw option in future or not. But if there will be one than that will be really amazing for all those gamblers who don't want to get fxxxx up in fiat based casino when trying to hedge against bitcoin volatility.

I play with USDT (tether) on LuckyGames.co (http://LuckyGames.co) with no issues.

Isn't tether just regular usd but for digital representation ?
Why not just gamble with regular fiat currency dollar instead of trying to find a place that allows you to gamble with the digital representation of it ?

I have never seen anywhere that allows people to wager with tether before but I suppose it makes sense because as soon as you put dollar into your website things gets too real and I am pretty sure the laws are way different than it is.

Consider that when you gamble with your fiat on places like pokerstars, they give you chips that represents dollars you have, so when you gamble with tether that is basically the same thing.

not sure about the legal part for USDT but I'm sure many people will prefer to gamble with it rather than btc or any other crypto
there are many sports bettors that I know would love to try some of the crypto gambling sites , but they take the price of bitcoin and other cryptos seriously so they don't feel that safe holding crypto
offering USDT gambling may be the best solution for them since they can try crypto gambling sites and hole USD at the same time

There are some advantages to gambling with tether on LuckyGames.io, if you want to play micro with five dollars, and bet really small, but at the same time don't want the value to fluctuate, than the minimum is is really small, one bit of a dollar.  Even proper casinos with cash might have a small betting range, the min and the max bet are fairly close together compared to crypto.  Also normal cash casinos always take your personal data and are famous for harassing people on the phone they provided,sending junk mail, etc.  I played with tether on LG for a bit, and I did like it, and since value of other coins was dropping, I could exchange it back to doge, and I would get more.  Also if a value of your coins in LG account increased by a lot, their value can be locked in by converting to tether, until ready to withdraw.

Nothing is supported by USDT for gambling, and while it would be cool to see something that would provide you the luxury of little to no price fluctuations in the cryptocurrency that you're trading with -- it's impossible to see this due to the regulatory issues of a gambling site accepting a currency which is supposed to be backed with US dollars.

If something like this ever was to happen (gambling sites accepting tether) the banks that are handling USDT reserves would be in an uproar and wouldn't allow it to continue. While some small sites may be getting away with it now, I can't see that continuing for the foreseeable future.

I didn't realize that there are online casinos that accept Tether. ie. luckygames.co I'm glad that I came across this thread. I would rather deposit using Tether because at least then I'd know that my balance isn't going to plummet every time BTC dumps.

I hope gambling platform will accept Tether (USDT) but it would cause trouble for them as regulators will claim that USDT is supposedly backed by USD and demands the operator to conduct KYC checks on customers depositing Tether. Another problem is USDT is audited and if the 'backing' fails, the gambling sites will lose a large amount of money.

Yeah it seems like bitcoin is more legit when use to pay for betting but if betting platform accepts tether then there is nothing wrong about it. In facy tether is one good crypto that has stabilize its value just a like a crypto with a value of dollar. As bitcoin market especially when it goes down then definitely tether is one good crypto to trade bitcoin as for the moment.

If you will just ask if there is aby betting platform accepts tether for now then I am not seeing yet a betting platform uses tether but probably in the near future. Well just have to wait and see for development does not take in just a short time.

I saw someone mention on another thread that he uses tether a gambling platform.
I guess it coiy be used along with cryptocurrency... maybe for storing gamblers fund or for gambling... but this should be optional. After all it is cryptocurrency gambling not fiat or stablecoin gambling.

Although tether is a stable coin but it is still one of crypto currency. Indeed it should not be here, probably the best place for this topic is at Service Discussion (Altcoins).
Related to the main question which is about gambling site that accepts tether, there are some sites such as Luckygames and Bitstarz. Unluckily both sites are not reputable enough in this forum as there are some serious accusations against them. So DYOR if anyone want to play at those sites.

I never see tether has been used in the gambling website and maybe it still on the development, but I guess that in someday, there will be a gambling website that will support this. Tether is one of cryptocurrency, so there is a chance for the tether to be used in the gambling games. But I still don't want to use tether for the bets because tether means real money for me ;D

There are lots of gambling site that you can use the tether to gamble. Just do a little google search you can find a casino that accepts it. Betchain.com accept USDT/tether.

For the casinos that already accept more than one crypto, I guess that asking their support or in their thread could do wonders.
It may help if you are already their customer, but it's not a requirement. They may add it just because others already have USDT and they don't want to "fall behind".

It is actually a bit weird that all the casinos that I gamble on dont accept USDT. Thats the most stable coin out there(along with the 3-4 similar cryptos). I guess its time to write to the casinos to have a look at USDT. Maybe one of the reasons might be about the fact that theres still a bit of a controversy surrounding USDT. They themselves have come forward and claimed that not all USDT is backed by USD specifically.

micro.com.br

Here usdt is supported. Poker rooms are available in usdt only. usdt is easy for pure gamblers.

Ive been on the gambling scene for a long year but i have never seen a site that accepts usdt or other stable coins .  stable coins are a bit popular and im sure that gambling owners do also recognize it but they maybe insisit to not support stable coins for some valid reason  . nowadays , crypto coins are now becoming stable  .so  theres no need to use stable coins   . but if a gambler wants stability especially when gambling then why cant he just play offline gambling where he will only use fiats  .

There is also Dice, roulette and microng. They also have build in exchange with ... 7 pairs that seams not to work. They have their coin (mic) that is not yet listed on CMC. Interested by risk on being scammed is bigger than risk of bitcoin price crash - I mean that i would rather stay with bitcoin casinos.

Hi OP !
Here is a brand new game using Tether : https://crashdice.com

Bitcointalk thread : https://bitcointalk.org/index.php?topic=5142238.0

Most of my gambling platform are those wit positive feedback and  not just because it has USDT or any other. Although I haven't seen any gambling platform with USDT as and if there will be it will be more like the fiat gambling platform and I wouldn't like such platform because they will eventually ask for KYC at the end either at the deposit of funds or at the withdrawal stage.

I haven't found any gambling website accepting USDT. If the gambling websites start accepting USDT, gamblers will begin to use USDT for the gambling needs. This will be surely cause lack of profiting for the gambling websites that has been accepting bitcoin and other cryptocurrencies at the moment. Maybe in future we might get access for limited games if lot of people propose for it.

Gambling with stablecoins would be really interesting, it'll make play easier and there will be no need to do complicated calculations and conversations to fiat specially for newcomers. I've never heard before about casinos accepting stablecoins but after looking a bit in it I've found that DuckDice is accepting USDT...

Just a word of advice, although USDT betting platforms sound fun, they often usually have extremely high withdrawal fees (5 USDT is not uncommon).

Because of this, depositing $100 will cost you $5 to deposit, and then another $5 to withdraw, so unless you're playing with large sums you're going to lose a chunk of your balance before you even start wagering.

It's often a good idea to convert USDT to something like Litecoin or Dogecoin, set your wagers, withdraw then reconvert since it is often cheaper.

Hmm. I never seen Tether (USDT) on gambling sites it is not supported on gambling platform, I have only seen Tether on some exchange.

I think almost all the exchanges now list tether. I have see usdt at kucoin, binance, okex and so many of them. Usdt is not really at any gambling sites for now and that may be because people will see it as USD and already we have many gambling including betting companies that has USD on the gambling platforms.

Crypto was a bit stable when you posted this. Guess you have now seen why stablecoin is necessary.
 I think there should be multiple options in case some prefer to gamble with tether instead of bitcoin.

This is the consequence of using USDT. The cut is bit high if you are a small-time player. Yes, better convert it to other altcoin like doge to incur small tx fees, either in depositing or withdrawal of your money. But for some who don't care about the fees but the convenience, they can always opt to stable coin of course.

It will never happen unless and until USA government accepted cryptocurrency mode of payment as well as ICO and gambling investments.
One they started then we can find the new projects in gambling field with USDT.
Personally I didn't came across any gambling site using usdt deposit. Maybe we can find Bitcoin for ethereum everywhere...

@DarkDays ,  i thought depositing does not have fees but you only need to pay for the wallet to process your transaction . withdrawal is the one that a site will charge you not the deposit one  .  and if they have a 5usdt minimum withdraw  ,  that is only 5 usd on the dollar rate and that is still small  so its not really a big deal  while other sites have a higher withdrawal than that  , primedice for example  .

@tippytoes , let say the stable coins have a high fee but atleast your funds are stable and wont fluctaute  , you wont loose but on cryptos your capital/bankroll is not stable and you can even loose the value once the value of the coin drops  .

Well again tether is one good crypto and does not even gets influence by bitcoin market price movement especially during the bitcoin bear market. I was so down remembering that time knowing I have invested  and held btc. But, due to conatant bear market then I did not gold the btc. Now l, I have regrets why I was not able to participate hard training successions.

Why not? It should be possible if tether is permissionless. I don't know much about this but I see no reason why it can't be done..
It should be possible on crypto based gambling sites... maybe not on non-crypto based sites

Yes, the chance for the tether to be accepted in the gambling website is wide open as the other coins because tether is designed for the cryptocurrency and I think tether can be as another option for the gambling site. Besides that, if people can have so many options to use any coins for playing gambling, that will help cryptocurrency to grow among them and I think many people will interest with the cryptocurrency especially for the gambler itself.

And also, every crypto coins that being accepted inside gambling site  are being reviewed by the owners, if they see no issue using Tether chances
that it also be allowed is still open, if there's more gamblers that who will request for this it will might be considered.

Implementing tether is easier than ever now. Many issued USDT are now on the ETH network as ERC20 tokens which you can track or add to your casino easily.
https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7

This ERC20 token stuff should unlock some serious stable coin possibilities for online casinos.

It seems to me that the problem with cryptocurrency legalization is very acute today, but if we talk about the use of usdt in gambling, it seems to me that this coin is suitable for a calmer game, because you do not think about its value at the moment.  USDT is practically the equivalent of a dollar, for example, Bitcoin constantly changes its price.

well, I don't think this nuance is so important.  BTC or USDT, when you put a bid I guess everyone thinks about its current dollar value, and also calculates potential prize in dollar. Crypto is not yet achieved a level of usage, when calculate your money in crypto.

Pretty funny to see these generic repetitive responses by so many of you saying that there are no gambling sites with USDT. Are you guys smoking or what?
I can name half a dozen right off the top of my head. Cryptowild, Luckygames, Betchain, Sportsbet, Bitstarz, BitcoinCasino and I am hundred percent sure that you can find many more if you guys just did a simple google search.

I think it would be very weird to play with tether instead of fiat or crypto. I am sure there is a niche playing place somewhere in the crypto where people actually want to play with tether instead of crypto or fiat but that must be a small number of people. If you want to play with crypto and stay hidden you get to play with bitcoin and many other coins, if you are fine with playing dollars then there are billions of places that you can gamble as well, the only small amount of place that tether can help out with is playing with dollars but still staying hidden.

I think it should exist, I think it should get some attention as well, after all every type of investor and user is welcomed in bitcoin casino world but I think it would just not be as big as the others, just a niche stuff.

There are some good and bad sides about any gambling site accepting tether. For the good side, it's mainly about the stability of usdt although I'm yet to come across one, it's not entirely a bad idea. Well, I'm not a huge fan of usdt, so not looking forward to use it in gambling.  The altcoins I like for gambling are EOS, ETH, TRX. 

micbet.com


This site receives USDT deposit. If you deposit btc or eth, it will change to USDT and play.

I am not use usdt yet in gambling but I think it will be good for those who doesn't want to be in volatility with their money, therefore they can focus on the game itself. If the transaction's fees for usdt isn't too big and the confirmation time will be faster, it would be cool to be used as gambling tool.

thats freakin cool but i have a question  , what if you want to deposit btc , will they also provide a btc address ?  i guess they have because i think it was impossible to send btc on an usdt address  .  it wont allow you to send but if it does then i still dont think that the coins will recieve   . gambling with usdt is expensive to some that only wants to bet lower than 1 usd   .  like me i only bet have than 1 usd  or sometimes lower than that  .

This site provides BTC, ETH, and USDT addresses. If you deposit BTC or ETH, it will automatically be converted to USDT. When you withdraw, the withdrawal will be made in the same way as BTC or ETH.

That is good if some gambling platform using USDT as a fund.
You just like using fiat because of the stability of that coin and no need to worry if bitcoin will down too much.
But I still prefer to use Dogecoin or Ethereum, aside from less fees it is also had a faster transaction and I do not know if USDT will the same as that.
Can anyone point a gambling platform as of now using USDT?

Adding up USDT on any crypto gambling platform is irrelevant.If they do then it would really just like on playing to a Fiat Based online casino.

USDT can be one of the option by just adding their API on the gambling site and i can understand that decentralized platform cannot able to do that. KYC verification and centralized business cannot set for the gambling field.
We may find any centralized gambling field which can adopt the USDT or XRP as the payment mode.

As I said earlier for those businesses or gambling sites that do add up these stable coins wont really be different on having that 

fiat online casinos.Yes,you can easily add up these options but look at on what most people do prefer?

If it supports USDT, they could just operate as exchange and profit more from it than being a casino instead. But this is also a good thing for the bettors because we can trade as well as gamble. :) More will buy USDT when BTC spikes and then keep betting using the tether. And when BTC dips we can buy BTC and still keep betting.  Which casino does have this option?

Trust Dice game supports USDT too.
You can play Dice and Crash game with usdt :) Also claim some free USDT from faucet.
Here is the Official thread (https://bitcointalk.org/index.php?topic=5126117.0)

Hello, MultiCoinGames.com accept 10+ CryptoCurrencies and  USDT ERC20,USDT Omni too.
Minimum bet 1 cent.

Pretty much just a massive compliance nightmare, and Tether would most likely not allow any of the gambling sites addresses to even hold tether anyway. As they'd be able to block certain addresses due to regulatory issues. This is why you're able to use BTC and any other crypto, probably including DAI (WHICH IS BACKED 1:1) On these gambling sites as they have no centralized authority that could block people from receiving $

Would be nice, as it would allow gamblers to avoid the volatility of BTC -- but it's impossible in our current regulatory and centralized framework of that stablecoin.

Hello, our site MultiCoinGames don't ask for KYC at any stage.
But we accept USDT.

You're right but the gambling aspect is still a lucrative option, I mean the house literally has more chances of winning in gambling so why forgo that with exchange where people might make wins. I haven't seen one Tether gambling website but it could be a good way to attract players.

Talking about Tether in gambling it is almost Similar to fiat gambling with very little volatility margin when sighting the difference. Bringing in Tether to gambling is more like a wasted stake because you wouldn't get more value for your wins it's like the usual fiat gambling. Tether is only profitable with exchanges except for gamblers who don't really like the crypto gambling options

if i'm not wrong bk8btc have that option ,actually there are others too betnomi accept usdt for bet and last time blackjack fun also added usdt but now it has been removed I don't know what happened ! well to attract gamblers in that way but most of all it depends on the bonus and more chance

I do both agree and disagree with your opinion. I agree that USDT is similar to fiat because of its stable value but I disagree that it is a waste because there are many gamblers who want to play with stable coin. USDT give you stable value so it wont affect any result of your gambling activity. Different with volatile coins where you can give more value of your wins but you it can give you less value or even give you no win at all if the price drop significantly.

Well, that's always subjective to gamblers since not at all can handle crypto volatility and I don't think it's such a waste at all. It's not about the value after but rather fiat gamblers wanted there gains being stable since the crypto market fluctuates much. I can't seem to follow your opinion about tether being profitable on exchanges only, it doesn't much make sense. Gambling is to win on the house not that you should win as well to the whole market.

But if we take a look at the fees, it will cost too high compared to the altcoins so I do not think that is a good idea to gamble using Tether but I guess some gamblers want to use Tether and they do not mind paying more when they deposit Tether to their gambling account. I still prefer to use altcoin than Tether or even Bitcoin because I want to reduce the fees to deposit. The tether can be used as a hedge for our money value in crypto as a stable coin that does not fluctuate much.

High fees has always been a problem when using Tether USDT in gambling. It is a struggle for most users though we cant still deny the fact that it provides convenience and smooth transactions. However, most gamblers still prefer other altcoins to save fees like BNB or XRP which is actually a practical idea.

I can understand that some people want to use their USDT to gamble and that is natural, but at the same time the fees can be so high that we need to look for alternatives as it has become too impractical to gamble with USDT when you need to pay more in fees than the amount you wanted to gamble.

This is why a coin like dogecoin is useful, dogecoin as a store of value is awful and no one should invest in it, but as a currency that gives you fast transactions for a low cost it can be a good option for those that want to gamble and reduce the fees they pay in the process.

I dont have experience on using up Tether on playing gambling but much sure i have seen several popular sites which do accepts Tether and i do also believe that fees wont really be that expensive
considering that this is pegged to USD rate which it would still really be talking with less fees.It is really just not really worth if you do consider out on making investment
due to volatility but well this is really depending on someones preference because not all would really be that comfortable on dealing with stablecoins.

Not really..?

When you deposit USDT on a site like BetFury you are able to choose what network you want the USDT to be deposited on.

Obviously ETH ERC-20 USDT is going to be the most expensive in terms of gas, but if you just be smart about it and use the BSC/MATIC versions of USDT your deposit is going to be way faster and smoother.

Also consider using DAI instead since Tether is known to have issues with blocking funds.

if i may add, some sportsbooks or casinos are supporting USDT(TRC20), which has no to minimal withdrawal fee. let's take for example in betfury, they are not charging if you will withdraw USDT under TRC20 network, but if you use Polygon(Matic) network, they will charge 0.05 usdt, bsc at 0.5 usdt, whereas, whopping amount of 15.54 usdt in erc20. so it is up to you what network you will use for your withdrawal. of course, you need to check the receiving network if they are capable of accepting USDT in those cheaper networks. betja on the other hand charges 1usdt for USDT withdrawal as they have only TRC20 network. bitsler, on the other hand, has only USDT (ERC20). so be cautious on what network they are running their USDT here.

But maybe not many casinos will have USDT as the deposit and withdrawal option since the fees will be too high compared to the other altcoins. Dogecoin has the benefits because of the low fees on the transaction and has fast confirmation and many casinos will have Dogecoin for the alternative coins to gamble besides bitcoin. Maybe we will not gamble using USDT, but some gamblers who do not mind the fees will still use USDT and not use other altcoins. We will have our own favorite coins to gamble and we can not force others to follow what we did.

If you are referring to ERC20 network, yes the fee will be too high but casino can add USDT with TRC20 network with cheaper fee than ERC20. There are some casinos accept USDT TRC20, means that the number of gambler who want to play with USDT is good enough. There are also some suggestion to casino to add USDT as one of the payment method, this is a fact so we cant deny that the USDT users cant be considered as small.

If I remember correctly, half of the entire USDT issue is on the Tron blockchain - cheap and fast transactions, more than a billion USDT is on the Solana blockchain. It doesn't make any sense to use USDT on the Ethereum blockchain as you will lose a catastrophic amount in fees ($30-$100 on average). I hope ETH 2.0 will return the situation to normal, once transactions on it were cheap.

There are always these weird regulations which does not allow anything like that to happen also there are certain sites as well which do not serve the US customers or anything therefore I do think that you finding it would be extremely hard and therefore it might be better to look for some other Altcoins if you are looking for cryptos with lower fee. At the same time XRP is something that I have seen on a lot of sites. Even though they don't have other options most of the times they do have something like ETH which I usually prefer and use. Casinos are mainly focused on providing alternative to fiats and therefore I don't know why they would put usdt there if you wanna use something like that you can very easily use a normal casino site.

Which gambling sites have you used before, tether is one of the most popular cryptocurrencies that many gambling sites are supporting, but this can be tricky, using ERC20 USDT is very expensive and people should not use it if they want low fee transaction. But many gambling sites are now also supporting TRC20 USDT, it will only require low amount of fee for the transaction. I have not know any that support BEP20, but it has low amount of fee too.