Tether is one of the most prominent stablecoins out there and has started to make a huge impact in the crypto betting scene. In this guide, I will show you how to set up a crypto wallet for using Tether, and the best betting sites around to place your sports bets.
- Best Tether Betting Sites we recommend
- The Best Betting Sites that accept Tether – Pros and Cons
- How To Bet With Tether
- Betting on Sports With Tether
- How To Choose the Best Tether Betting Sites
- Advantages of Betting With Tether
- Disadvantages of Betting With Tether
- Alternative to Crypto Payment Options
- Tether Betting FAQs
- ThePuntersPage Final Say
- Sources
Best Tether Betting Sites we recommend
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The Best Betting Sites that accept Tether – Pros and Cons
The above sites were chosen as the best options for betting on sports with Tether as they fulfilled several key performance indicators. These include security, welcome bonuses available, as well as site speed and design.
Below, I will explain why these in particular caught my eye.
Vave Review
Having only recently joined the sports betting world in 2022, Vave already boast over 35 sports markets.
I really love their in-play betting product. It’s slick, and you can keep on top of your wagers as the action unravel without any issues.
Moreover, buying crypto is straightforward with Vave. Plus, they have a Curaçao licence, so you can rest assured that they’re legit.
I am a fan of the sports cashback offer (100% matched deposit of at least 20 USDT), separating itself from its rivals.
Meanwhile, I found other lucrative ongoing offers targeted at VIP players, so if you’re more of a high roller, Vave is for you.
Withdrawal requests are also processed within 10 minutes.
Pros:
- Has over 35 sports markets for those betting with Tether
- Solid crypto welcome offer
- Lightning-quick for processing withdrawal requests
Cons:
- Could do with more offers for existing players
- No livestreaming available (they do have excellent in-play betting, though)
- Live chat function could be improved
Mystake Review
Mystake provides incredible scope in terms of sporting coverage, especially for football.
They are also one of our favourites for sports betting with Tether as you can expect quick withdrawal times, and the deposit process is seamless. On that point, I thought the 100% matched deposit up to £500 is something worth signing up for.
However, the site is rather cluttered. Upgrades may need to be carried out to make it a bit more user friendly.
Pros:
- Eye-catching welcome bonus, which is a 100% match deposit
- Quick withdrawal times for betting with cryptocurrency
- Comprehensive range of sports covered
Cons:
- Website needs a redesign to make it more user friendly
- Not many additional features are offered
- Limited customer support options
Cloudbet Review
A premium place for betting with Bitcoin, Cloudbet is one of those crypto sites that just keeps knocking it out of the park for all cryptos offered. Cloudbet is extremely versatile, servicing players all over the world. It really is a great choice for players betting with Tether. I genuinely like the simplicity of it.
Horse racing fans will be happy to know that livestreaming is available for the sport.
While there is no specific sports welcome offer, you can tap into loyalty free bets in return for points and rewards.
You will be paid out within 24 hours, and Cloudbet has a Curaçao licence.
Pros:
- Site well optimised for mobile devices
- Reliable and user-friendly Tether betting site
- Boasts a Curaçao gaming licence
Cons:
- No Tether betting app for iOS and Android users
- Livestreaming restricted to horse racing
- No specific welcome bonus offer
How To Bet With Tether
If you wish to make the most of Tether betting and want to sign up for one of our recommended sites, then you can do so seamlessly by following these simple steps:
- Step 1 – Create an account with the best Tether betting site. We recommend Vave.
- Step 2 – Find an altcoin payment platform to sync up with your betting account.
- Step 3 – Choose your currency — in this case, Tether — from the drop-down list.
- Step 4 – Click the “Buy Instantly” button.
- Step 5 – Start betting and top up funds as necessary.
How To Deposit With Tether
The deposit process is also straightforward when opting for Tether, and you could be up and running in a matter of minutes.
You will need to pick the currency when signing up, and claiming a welcome offer.
In order to begin the transaction, you will need to copy your specific Tether crypto account and paste it into your wallet.
After that, your deposit will be credited to your account after just one network confirmation.
Tether Wallets
When betting with Tether (USDT, EURT,CNHT,XAUT,MXNT) you want to be assured you can store them in a secure place.
I have listed below some of the best wallets for storing and buying this cryptocurrency:
- eToro – This is one of the top-rated crypto currency platforms, supporting over 90 cryptocurrency markets, and it has two-factor authentication.
- Trust Wallet – Free to download and available as a mobile app for iOS and Android users, it supports staking tools and token swaps.
- Binance – For those betting with Binance, this is a convenient option, as the web wallet connects to the Binance exchange, and it has a few unique features.
- Trezor – A reputable hardware wallet, this is worth considering for those betting large amounts with Tether.
Fees
Usually, the best Tether betting sites (such as the ones mentioned in this guide) will outline whether there are any fees for depositing or withdrawing with this method.
And if using a wallet (like eToro), you can expect to stump up a 2% fee for transferring tokens to your Tether sports betting account.
Security
In case you are wondering whether it is safe to place sports bets with crypto, then in short, it is, and they will comply with all the security protocols to protect players while you wager online.
At fully-licensed sites like Vave and Cloudbet, Tether is a go-to option for those who indulge in crypto betting.
But if you are unsure, you should check to see if a betting site possesses a betting licence or certificate from an official gambling body before signing up.
Betting on Sports With Tether
Those who prefer to spend their time sports betting with cryptocurrency will encounter the same markets and lines as those who use more traditional methods, such as debit cards and e-wallets.
The one fundamental difference will be the quality of welcome bonuses and ongoing offers. In some cases, they can be more lucrative at crypto-oriented sites than those that reject such banking options.
How To Choose the Best Tether Betting Sites
There are many factors when it comes to picking the best Tether betting sites to play at, but below are three of the most important ones to keep in mind:
Trustworthiness
A sportsbook, particularly a crypto one, relies on its reputation for being secure for players. While social media has had a big impact on the sports betting industry, you want to be talked about for the right reasons.
Any site that is fully licensed or endorsed by a gambling body will give you peace of mind when you join.
Geographical restrictions
Nowadays, Tether sports betting sites will impose geographical restrictions on players where they don’t operate in. However, there are some bookies that accept VPN usage.
Variety of offers
Crypto offers can be more lucrative than the standard offering for traditional players.
You can expect to get more bang for your buck with promotions, and that includes both the welcome offer as well as VIP and loyalty programmes, which means your betting experience will be more enriching.
Advantages of Betting With Tether
I choose to bet with Tether for the following advantages:
Convenience
Storing and transferring Tether tokens to a sports betting account is quite quick. This will suit you if you are the kind of person who is constantly on the go and would like to bet via mobile.
Fast Payments
The best Tether betting sites will allow you to make payments seamlessly and transfer USDT tokens to your accounts without fuss. The sites we put to the test also enable withdrawals within 24 hours (sometimes, quicker), which is impressive.
High Limits
Unlike some traditional payment options, such as debit cards, sports betting with Tether can entail high deposit limits. This will suit you if you fall into the high-roller category and like to wager large sums of money at a sportsbook.
Disadvantages of Betting With Tether
There are some downsides to betting with Tether, explained below:
Price volatility
Although it is a stablecoin and tries to maintain a fixed value against the US Dollar, it is still subject to price swings.
This, in turn, can impinge upon potential winnings, so make sure you know what you are doing before stepping into the crypto world.
Irreversible transactions
Once transactions have been completed, it is usually near impossible to reverse them. So, make sure you know how much you want to transfer for a deposit before you begin to bet.
Need prior knowledge
Betting with Tether such as USDT isn’t always as straightforward as it looks.
It is good to clue yourself about the cryptocurrency in order to understand the risks and rewards before diving straight in.
Alternative to Crypto Payment Options
If you are looking for an alternative to Tether, here are a few other feasible options:
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Bitcoin: Currently the most popular of the stablecoins available, Bitcoin is a staple of the sportsbooks you will have seen discussed on this page. With it, you can also be assured of security as it is based on blockchain technology to afford players anonymity when they wager online.
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Litecoin: Litecoin has been around since 2011 and it continues to make waves in the sports betting sphere. Known for fast transactions and low fees, Vave is one of the best altcoin betting options on the market.
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Ethereum: Launched in 2015, 1Ethereum is highly versatile. At sites such as Cloudbet, you can bet on a wide variety of popular sports leagues and championships, and in-play too.
Tether Betting FAQs
Tether is a type of cryptocurrency that can be used to place bets at sportsbooks, such as the ones mentioned on this page.
To create a Tether betting account, you will need to set up a digital wallet. Once you have signed up for a sportsbook, you can sync up your sportsbook and crypto account to make deposits and withdrawals.
Betting offers vary from site to site, however, they will be competitive and lucrative. At sportsbooks such as Vave and MyStake, the crypto promotions may be more rewarding than they are for traditional banking options.
Tether was founded in 2014, and it is one of the largest cryptocurrencies in circulation. To maintain its peg, Tether publishes figures pertaining to its worth on its website daily.
At the time of writing, 1 Tether is worth $1.
ThePuntersPage Final Say
Tether has continued to go from strength to strength, and it is one of the most reliable cryptocurrencies available for you to use.
From a sports betting perspective, Vave, Mystake, and Cloudbet are among the most secure Tether betting sites in operation. So if you're curious, get involved and see for yourself why they are rated so highly.
Sources
1 Frankenfield, J. (2021). Ethereum. [online] Investopedia. Available at: https://www.investopedia.com/terms/e/ethereum.asp.