Tether Casinos in India (2023)

List of the Best Indian Casino Sites That Accept Tether

What Are Tether Casinos?

Tether casinos are regular online casinos that offer Tether, the cryptocurrency, as a payment method and currency you can deposit and withdraw.

Even though it’s a payment system and a currency at the same time, albeit a digital one, you’ll rarely get the chance to play with USDT but only make payments with it.

Most Tether casinos will change your deposited USDT for rupees and then change them back to USDT when you initiate a withdrawal. In between, you’ll use rupees while playing games or making bets.

These casinos often offer various payment methods, including other cryptocurrencies and regular fiat payment options like credit cards, Astropay, Paytm, etc.

Some Tether casinos are crypto-exclusive, meaning they only offer cryptocurrencies as payment methods.

The main benefit of using Tether gambling sites is that you’re no longer required to deposit and withdraw rupees, thus avoiding connecting your main payment methods. This enables you to keep your bank accounts utterly separate from gambling.

Moreover, Tether lets you have a stable digital currency for gambling, unlike most other popular cryptos, whose price is volatile. That’s because Tether is a stablecoin tied to the US dollar, meaning its value always equals the world’s reserve currency.

Tether General Information
Created	2014
Inventors	Brock Pierce, Craig Sellars, and Reeve Collins
Symbol	USDT
Accepted in Indian Casinos	Yes

Brief History of Tether

Realcoin (the name of Tether in its early days) was launched in 2014. The creators of Tether (USDT) were:

• Brock Pierce — entrepreneur responsible for a wide range of high-profile crypto and entertainment projects like Blockchain Capital, Bitcoin Foundation, and Block.one.
• Reeve Collins — Co-founder of several successful businesses like Traffic Marketplace and the first CEO of Tether.
• Craig Sellars — Member of the Omni Foundation, who used to work for a wide range of crypto organisations and businesses.

The trio created Tether to combine the unrestricted and decentralised nature of cryptocurrencies and blockchain technology with the stability of the US dollar.

This is not unique in the crypto world, as several other cryptos are also tied to the US dollar, including Binance USD, USD Coin, TrueUSD, Dai, and the Pax Dollar. Moreover, we also have cryptos tied to other notable fiat currencies, like the Euro Coin and Stasis Euro, which are linked to the Euro, or Poundtoken, connected to the Pound Sterling.

However, Tether is still the biggest and the most trustworthy stablecoin on the planet. Its pegged dollar value is maintained through a collection of cash, fiduciary deposits, commercial paper, treasury bills, and reserve repo notes. They are kept equal to the value of the number of USDT in free circulation to maintain the delicate balance.

Milestones in the History of Tether

Here’s a quick overview of the significant events in the history of Tether:

• July 2014 — Realcoin, Tether’s precursor, is announced.
• October 2014 — Initial Realcoin tokens are released on the Bitcoin blockchain through the Omni Layer Protocol.
• November 2014 — Realcoin is renamed to Tether.
• January 2015 — Bitfinex, a crypto exchange, enables users to trade USDT.
• August 2016 — Tether launches Tether Euro (EURT), a euro-based stablecoin.
• January 2020 – Tether launches Tether Gold (XAUT), a gold-based stablecoin.

 

How Do Tether Casinos Work?

Tether casinos work like all other online casinos, and the only difference is that Tether is listed among the currencies and payment systems.

However, unlike most other crypto gambling platforms, Tether casinos can easily be a better alternative to fiat casinos for most players. USDT is a stablecoin, so its value doesn’t change as long as the dollar’s value remains unchanged.

Tether’s value in dollars doesn’t change, but the crypto’s value in rupees might occasionally change as the rupee grows stronger or weaker. That’s why the exchange rate moved from around ₹75 for 1 USDT in early 2022 to ₹83 in early 2023.

It’s worth mentioning that Tether casinos tend to have better bonuses than gambling platforms that only use rupees or some other fiat currency.

How to Deposit USDT in an Indian Casino

Let’s review the process, you need to follow to complete a successful Tether deposit:

1. Pick a Tether casino and register an account. Log in if you already have it.
2. Head over to the Cashier section and visit the Deposit page.
3. Pick Tether among the available payment methods.
4. Copy/paste the site’s wallet address or scan the QR code with your crypto wallet app.
5. Input the amount you want to deposit in your Tether wallet.
6. Complete the transaction and wait for the funds to arrive. This should be over instantly or within 10 minutes at the most.

How to Withdraw Tether in an Indian Casino

Withdrawals are even simpler than initial deposits, as you already have everything ready to use. Here’s what you need to do in most USDT casinos:

1. Log into your casino account.
2. Head over to the Cashier section and find the Withdrawal page.
3. Pick Tether as your payment method.
4. Input the amount you want to withdraw and your Tether wallet’s address.
5. Complete the transaction. The money should reach you within minutes if the casino automatically processes USDT cashouts.

How to Start Playing in a Tether Casino in India

To start playing on any Tether casino in India, you’ll only need to obtain some USDT, set up a crypto wallet for Tether storage, and find a suitable online casino that accepts the stablecoin. Here’s the process:

Set Up a Tether Crypto Wallet 

It’s best to start with the crypto wallet. You’ll need it for storing Tether. You can pick between almost any popular crypto wallet, as most support USDT.

Some of the best in India are BuyUcoin, CoinDCX, Ledger Nano S (hardware wallet), Binance, and Wazirx.

Choose one, and set up an account on the site. Depending on the type of wallet, you might need to download the app on your phone or desktop. You’ll have to buy the physical device if it’s a hardware wallet. Avoid these if you’re still a beginner in the crypto world, as it’s an unnecessary expense for people with lower amounts of crypto.

Buy USDT

Once your wallet is ready, you can visit a crypto exchange that lists USDT for rupees. If you’ve chosen a wallet that’s part of an exchange, like BuyUCoin or Binance, you won’t have to look for another exchange.

Account creation on these sites is quite simple, similar to what you would do in an online casino. Once you’ve created an account, you can buy the required amount of USDT.

Bear in mind that some exchanges don’t approve of gambling sites, so it might be easier to pick an independent wallet not connected to a leading exchange.

Once you’re done buying, transfer the USDT to your wallet if you’re using an independent one.

Choose a Good Tether Casino

Now is the time to register an account on a Tether casino. Pick one of the several we recommend, and visit the official site with our link.

Click on Register/Sign up and follow the registration process to the end. Verify the account if needed.

Make a Deposit and Pick a Title to Play

Once your casino account is ready, you’ll only need to complete a deposit to start playing. Make sure to deposit enough to claim the welcome bonus if one is available.

Just visit the Deposit section, pick Tether, input the needed info, and complete the deposit.

Then visit the casino game section, choose the game you want to try, open it up, and start having fun!

Play at the Top Tether Casinos in India

Tether casinos are not very numerous in India, but the few we do have are largely good. We still made sure to find the best ones so you can experience gambling using the most popular stablecoin on the planet.

If you want to gamble using the same amount of money without worrying about your bank account’s security, Tether casinos are likely the best solution. Check out our list of the best Indian USDT casinos, pick one, register, make a deposit, and start playing your favourite games.