Tether (USDT) supported gambling platform?

[Bitinity]

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?

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

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.

[rhomelmabini]

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

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.

[michellee]

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

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.

[Cling18]

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

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.

[wxa7115]

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

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.

[Fatunad]

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

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.

[magneto]

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.

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.

[AmoreJaz]

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.

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.

[michellee]

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.

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.

[dustboy]

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.

[KTChampions]

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.

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.

[fiulpro]

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.

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.

[Oshosondy]

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.

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.