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 walk you through the process of setting up a crypto wallet and highlight the best Tether betting sites around for placing your sports bets.
- The Best Tether Betting Sites – Pros & Cons
- How Do I Use Tether for Betting?
- Betting on Sports With Tether
- How To Choose the Best Tether Betting Sites
- Advantages of Tether Betting
- Disadvantages of Tether Betting
- Alternative to Crypto Payment Options
- ThePuntersPage Final Say
- Tether Betting FAQs
- Sources
Best Tether Betting Sites We Recommend for Tether Betting
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The Best Tether Betting Sites – Pros & Cons
The above sites were chosen as the best options for betting on sports with Tether as they fulfil several key performance indicators, including security, welcome bonuses available, as well as site speed and design.
Below, I will explain why these in particular caught my eye.
Vave
Having only recently joined the sports betting world in 2022, Vave already boasts over 35 sports markets. I really love their slick in-play betting product, which allows you to keep on top of your wagers as the action unravels.
Buying crypto is also straightforward with Vave. Plus, they have a Curaçao licence, so you can rest assured 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 processed within 10 minutes.
- Over 35 sports markets for those betting with Tether
- Solid crypto welcome offer
- Lightning-quick for processing withdrawal requests
- 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
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.
- Eye-catching welcome bonus, which is a 100% match deposit
- Quick withdrawal times for betting with cryptocurrency
- Comprehensive range of sports covered
- Website needs a redesign to make it more user friendly
- Not many additional features offered
- Limited customer support options
Cloudbet
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. It is extremely versatile, servicing players all over the world, offering payout within 24 hours.
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. Cloudbet really is a great choice for Tether betting.
- Site well optimised for mobile devices
- Reliable and user-friendly Tether betting site
- Holds a Curaçao gaming licence
- No Tether betting app for iOS and Android users
- Livestreaming restricted to horse racing
- No specific welcome bonus offer
How Do I Use Tether for Betting?
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:
Create an account with your chosen Tether betting site. We particularly recommend Vave.
Find an altcoin payment platform to sync up with your betting account.
Choose Tether as your currency from the drop-down list.
Click the ‘Buy Instantly' button.
Start betting and top up funds as necessary.
How To Deposit With Tether
The deposit process with Tether is also straightforward, leaving you up and running in a matter of minutes!
You will first need to pick the currency when signing up and claiming a welcome offer. In order to begin the transaction, 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:
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eToro – One of the top-rated cryptocurrency platforms online, supporting over 90 cryptocurrency markets, and it has two-factor authentication.
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Trust Wallet – Free to download and available as a mobile app for iOS and Android users, it supports staking tools and token swaps.
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Binance – For those betting with Binance, this is a convenient option, as the web wallet connects to the Binance exchange. It also boasts a few unique features.
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Trezor – This reputable hardware wallet 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
Placing sports bets with crypto is safe and secure, and there are security protocols in place to protect players while wagering online. If you are unsure, check to see if a betting site possesses a betting licence or certificate from an official gambling body before signing up.
At fully licensed sites like Vave and Cloudbet, Tether is a go-to option for those who indulge in crypto betting.
Betting on Sports With Tether
Those who use cryptocurrency for sports betting will encounter the same markets and lines as those using 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
While there are many factors when it comes to picking the best Tether betting sites to play at, 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. 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 in countries where they don’t operate in. However, there are some bookies that accept VPN usage.
Variety of offers
Crypto offers can be more lucrative and enriching 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.
Advantages of Tether Betting
I choose to bet with Tether for the following pros:
Convenience
Storing and transferring Tether tokens to a sports betting account doesn't take long, suiting those who are 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, 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.
Disadvantages of Tether Betting
Betting with Tether also comes with a few drawbacks, 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 near impossible to reverse them. Ensure 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
Looking for an alternative to Tether? Check out a few other feasible options:
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 wagering online.
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.
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.
ThePuntersPage Final Say
Tether has continued to go from strength to strength, and has become one of the most reliable cryptocurrencies available. From a sports betting perspective, Vave, Mystake, and Cloudbet are among the most secure Tether betting sites in operation. So if you're curious, see for yourself why they are rated so highly.
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.
Sources
1 Frankenfield, J. (2021). Ethereum. [online] Investopedia. Available at: https://www.investopedia.com/terms/e/ethereum.asp.