Tag Archive: Tether

Bitcoin has certainly come a long way in a relatively short time frame. Today, many of the biggest online casinos accept Bitcoin as a valid payment option. However, there are some factors that make using Bitcoin for deposits and withdrawals a risky venture. With the cryptocurrency being anonymous, fraudsters can run riot simply because any users don't understand the serious security implications of using a crypto wallet. Also, Bitcoin is extremely volatile making it almost useless as a currency.

Tether bills itself as a stable coin,. This is thanks to the idea that one Tether will always equal $1. On paper this looks great. So much so, that quite a number of online casinos now accept Tether as a payment option for making deposits into your online casino account. But if the truth were to be told, we would struggle to recommend Tether as a funding source. The company is shady, to say the least. They have never submitted to an audit. So know one knows the state of their financial affairs.

Over the last few years, there has been a steady rise in the number of online casinos accepting cryptocurrencies from online players. It's a fast, cheap and anonymous means of funding your gambling. As a result, many of today's online casinos are happy to accept the well-known cryptos of Bitcoin and Ethereum. But what about some of the numerous new coins and tokens? These altcoins have also become very popular with the public, with many having market caps running into the billions of dollars.