Tether (USDT) Casinos in Australia

Tether has recently gained traction, especially for its stable and secure nature. Casinos in Australia have also joined in and are now accepting payments in USDT. Why is that so?

With security, your gaming experience improves. Further, you can gamble without worrying that your Tether tokens will suddenly lose value. Again, using this payment method is super easy.

There is no game you can’t play at an Australian Tether casino. Also, bonuses are available throughout the year. But what are the best USDT casinos in AU? That’s what this guide is all about.

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Tether

What is Tether?

In the simplest words, Tether is the crypto-equivalent of the US dollar. The digital currency is a stablecoin, so its value is based on assets. In this instance, the value is supported by the fiat US dollar. The ideal exchange rate is one Tether token (1 USDT) for one US dollar (1 USD).

Tether Limited Inc, an affiliate of Hong Kong-based iFinex Inc, launched Tether in 2014. iFinex also owns the cryptocurrency exchange Bitfinex.

Its creation sought to protect traders from the ever-fluctuating and volatile crypto market. Transactions are faster and safer, and there are fewer risks when trading. You can buy and sell your USDT on exchanges like Binance, HitBTC, and OKEx.

Over the years, online merchants, including AU casinos, have been accepting payments in USDT. This has grown steadily, and now we have dozens of Tether casinos in Australia.

What is a Tether Casino_

What is a Tether Casino?

Any casino that accepts Tether tokens (USDT) as a payment currency is a Tether casino. While not exclusive, Tether must be one of the main payment methods. In Australia, such casinos include Wildcoins, Skycrown, and 1red.

Tether casinos for Australian gamblers are highly sought after for their convenience. A player can withdraw their winnings without losing value. Also, USDT value against USD gets you minimal forex charges.

What’s more, gamblers enjoy a plethora of gaming options. USDT casinos have a variety of card games, roulette, and slots. You can also enjoy live dealing on blackjack or video poker.

The chief concern with online gambling is safety. After all, the internet is full of fraudsters who harass innocent players.

Tether tokens are built on the Bitcoin Omni Layer Protocol and Ethereum smart contract model. What this means is that all transactions are encrypted and cannot be altered. So when transacting, your funds go where you direct them.

USDT gambling sites also take precautions to ensure transactions are vetted before initiating them. Collaborations with banks confirm the identities of the transaction beneficiary, unmasking fraudsters. Following this, always provide your true identity to avoid delays in withdrawals.

Recommended Tether Casinos in Australia

Accepting USDT And other crypto deposits

WildCoins Casino Review

Reviewed by: Amelia Taylor Updated: 27-01-2023

As a crypto-only casino, Wildcoins is the perfect Tether casino for Australian gamblers. It’s owned and operated by Hollycorn NV., a company headquartered in Curacao. So, it holds a Curacao gambling licence.

The casino has more than 1200 casino games to choose from. Players can also opt for the 1000+ mobile available games. Further, the 40+ live games will surely give you a physical casino atmosphere.

Australian gamblers can enjoy a variety of card games, roulette and slots online from several game suppliers. Some of them include August Gaming, 1×2 Gaming, and Play n’ Go.

Wildcoins Casino Australia Review

In the payments section, you can easily deposit money to your Wildcoins account from your Tether wallet. Simply direct the deposit address and the money will reflect on your casino account. By the way, the minimum deposit is 20 USDT.

Deposits must be wagered at least 3 times before withdrawing. This provision is to curb money laundering through the platform. Withdrawing earlier than this will attach fines to your account.

While this might seem excessive, it’s best to conform to avoid fines. The Anti Money Laundering regulation requires deposits to be wagered at least once.

Aside from that, Wildcoins gives regular bonuses on promotions. You also get regular free spins to max out your gaming experience.

A minimum withdrawal limit of 20 USDT also exists. Payouts can take up to 12 hours to reflect in your wallet.

Wildcoins has an RTP of 82%, higher than most crypto-only casinos available for Aussies. This, coined with their friendly platform, makes Wildcoins a gambling haven. You can also download the Wildcoins mobile app for iOS and Android.

wild coins casino AU

Online since: 2021

License: Curacao

Website: wildcoins.io

A great selection of bonuses, including automatic ones

restricted

Players from United Kingdom not accepted.

Play Now WildCoins Casino Review

Skycrown Casino Review

Reviewed by: Amelia Taylor Updated: 29-03-2023

Skycrown is an online casino that accepts both traditional currencies and crypto. It’s owned and operated by Hollycorn NV., which is headquartered in Curacao. Hollycorn NV also owns Wildcoins casino which is fully crypto-based.

The casino accepts Tether as a payment method for deposits and withdrawals. Simply integrate your Tether wallet with Skycrown and start wagering.

Australian players can deposit a minimum amount of USDT 0.001 to start playing. The low amounts make Skycrown an attractive choice for Aussies.

SkyCrown Casino Australia Review

The casino has an attractive RTP of 81%. Withdrawals are also simplified with a minimum capping of 0.001 USDT within 72 hours.

In case you get stuck, 24/7 support is available to guide you through. An amazing feature of Skycrown casino support is that it’s multilingual. You can use as much of that Aussie slang as you like.

A mobile app allows you to play on the go, anywhere. You can get this app in either iOS or Android on your preferred app store.

Skycrown Casino

Online since: 2022

License: Curacao

Website: skycrown.com

AUD-Friendly

Accepts Australian Players

Beneficial Promotions, Bonuses & Tournaments

restricted

Players from United Kingdom not accepted.

Play Now Skycrown Casino Review

1Red Casino Review

Reviewed by: Amelia Taylor Updated: 18-11-2023

Bets Entertainment NV owns and operates 1red online casino, which operates under a Curacao licence. The gambling site opened in 2022, offering various variations of table games, card games and slots.

Today, Australian players can access a library of 4000+ games on the platform. Even better, choose to play one of the 3800+ mobile games or a selection of 260+ live games.

1Red Casino Australia

First deposits of at least 30 USDT attract a fine welcome bonus where you get extra betting credits. And once you play through the welcome bonus, you become eligible for more promotional perks.

With an 83% RTP, 1red casino is one of the high-reward casinos in Australia. You can withdraw from 30 USDT within 24 hours. If your account is verified, payouts will be faster.

Like its sister sites, 1red has a mobile app available for free download. You can get it from the Android or iOS app store on your phone and have fun on the go.

1Red casino australia

Online since: 2022

License: Curacao

Website: 1red-casino.com

Amazing selection of pokies from a variety of developers

A great variety of payment methods using both AU$ and crypto

Good loyalty program that rewards players with cashbacks

restricted

Players from United Kingdom not accepted.

Play Now 1Red Casino Review

Factors to Consider when choosing a Tether Casino

When selecting a Tether online casino in Australia, there are a few factors to consider. These include:

Time needed

00:10

Tools needed

Smartphone

Software needed

Web browser

License and regulation

Licensing

Is the Tether casino licensed? If so, is the license still valid? A legitimate USDT casino should be licensed by reputable bodies. Tether casinos do list this on their websites for transparency. You should check that they have a license and that it’s still valid.

Bank 1

Payment methods available

Your chosen online casino must have Tether as a payment option. Check on their payment method page to see which options are on offer. Due diligence saves you from sites known to swindle winnings from their players. Also, ensure you check more than one Tether casino to compare benefits.

Fees eat into your winnings and deposit balances. Ensure that your Tether casino option has minimal fees on withdrawals. This ensures you get more of your winnings into your Tether wallet.

Safety

Security of the online casino

Most Australian Tether casinos have state-of-the-art security systems. They shield your personal info and winnings from fraudsters. Your login information and KYC details are vaulted to shut out leaks. A good Tether casino will be thorough in keeping your details and account secure.

Read online reviews about the casino

Online reviews

Research online to check what other users say about the Tether casino. Honest feedback from real users helps to determine which casino is best. After all, you can’t expect a casino to serve you any better than it served its previous customers.

Games to Play

Available games and platform usability

Your selection of a Tether casino should have popular games, but most importantly, it should have all your favourites. Make sure to check that. Further, the platform should be easy to use and responsive for the best gaming experience.

Customer Support 1 (1)

Customer support

A trusted online Tether casino should have round-the-clock support for its players. This is beneficial to fast-track registration, deposit, or withdrawal problems. Active support will ensure that players are always comfortable when using the platform.

Bonuses and promotions

Casino bonuses and promotions

Different USDT casinos have differing bonuses. Check which brand has the best promotions, but above all, make sure the terms are in your favour. You don’t want to struggle in meeting the wagering requirements.

New USDT casinos in Australia

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BetHall Casino

Welcome bonus

100% Match up to AU$750 + 200 Free Spins + 1 Bonus Crab

18+ | T&C applies

meter

Good
Payout Time

Bank Tansfer
Bank Transfer
Bitcoin Bitcoin
Bitcoin Cash
Bitcoin Cash
CashtoCode
CashtoCode
Dogecoin
Dogecoin

MidasLuck Casino

Welcome bonus

100% Match up to AU$750 + 200 Free Spins + 1 Bonus Crab

18+ | T&C applies

meter

Slow
Payout Time

Bitcoin Bitcoin
Bitcoin Cash
Bitcoin Cash
Dogecoin
Dogecoin
Ethereum
Ethereum
Jeton Jeton

Supabet

Welcome bonus

100% Match up to AU$750 + 200 Free Spins + 1 Bonus Crab

18+ | T&C applies

meter

Slow
Payout Time

Bitcoin Bitcoin
Bitcoin Cash
Bitcoin Cash
Dogecoin
Dogecoin
Ethereum
Ethereum
Jeton Jeton

Goldhorns Casino

Welcome bonus

100% Match up to AU$300 + 100 Free Spins

18+ | T&C applies

meter

Good
Payout Time

AstroPay Card
AstroPay Card
Bank Tansfer
Bank Transfer
Bitcoin Bitcoin
Bitcoin Cash
Bitcoin Cash
Dogecoin
Dogecoin

AtoBet Casino

Welcome bonus

100% Match up to AU$1,500 + 200 Free Spins + 1 Bonus Crab

18+ | T&C applies

meter

Good
Payout Time

Bitcoin Bitcoin
Bitcoin Cash
Bitcoin Cash
CashtoCode
CashtoCode
Dogecoin
Dogecoin
Ethereum
Ethereum

Limewin Casino

Welcome bonus

100% Match up to AU$500 + 50 Free Spins

18+ | T&C applies

meter

Good
Payout Time

AstroPay Card
AstroPay Card
Bank Tansfer
Bank Transfer
Bitcoin Bitcoin
MasterCard
Mastercard
Mifinity Mifinity

Winmega Casino

Welcome bonus

100% Up to A$750 + 200 Free Spins

18+ | T&C applies

meter

Good
Payout Time

Bitcoin Bitcoin
Bitcoin Cash
Bitcoin Cash
Dogecoin
Dogecoin
Ethereum
Ethereum
Interac Interac

Kinbet Casino

Welcome bonus

100% Up to A$1500 + 200 Free Spins

18+ | T&C applies

meter

Super Fast
Payout Time

AstroPay Card
AstroPay Card
Bank Tansfer
Bank Transfer
Bitcoin Bitcoin
Dogecoin
Dogecoin
Ethereum
Ethereum

Dazardbet Casino

Welcome bonus

100% Match up to AU$750 + 200 Free Spins + 1 Bonus Crab

18+ | T&C applies

meter

Good
Payout Time

Bitcoin Bitcoin
Bitcoin Cash
Bitcoin Cash
CashtoCode
CashtoCode
Dogecoin
Dogecoin
Ethereum
Ethereum

Roby Casino

Welcome bonus

100% Up to AUD 750 + 200 Free Spins

18+ | T&C applies

meter

Super Fast
Payout Time

Binance Coin
Binance Coin
Bitcoin Bitcoin
Dogecoin
Dogecoin
Ethereum
Ethereum
eZeeWallet
eZeeWallet

How to make a deposit using Tether

Making a Tether casino deposit is easy. The process is similar to doing so using any other cryptocurrency. The only difference is the payment method, which is Tether in this case. Follow these simple steps to successfully open a Tether casino account and make a deposit:

  1. Identify an ideal USDT casino

    Your casino selection has to be informed by whether they accept Tether. A suitable Tether casino will, of course, accept USDT as a currency and also accept players in Australia.
    Fortunately, most casinos have collaborations with popular wallets and exchanges. Players will only have to join the two and start playing for real money. You can also add a wallet to your casino account, provided it’s accepted.

  2. Integrate your Tether wallet with the online casino

    Connect your Tether wallet with the online casino account to play. You do this by signing up for a casino account and setting up the Tether wallet of your choice.

    Normally, you’ll fill out a KYC document and then integrate your Tether wallet. The process takes minutes and you can play after successful verification.

  3. Fund your Tether wallet

    Load your Tether wallet with enough USDT to meet the casino’s minimum deposit requirement. This makes the fund transfer easier and faster. If you have no or little balance, buy more USDT from an exchange.

  4. Make your first Tether deposit

    From the casino’s cashier section, choose Tether as your deposit method. After that, enter the coins you want to transfer and your network identifier. Confirm the transfer and, once the amount reflects in your casino wallet, you can start gambling.

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Why use Tether in online gambling?

Among the many payment options offered in many online casinos in Australia, you’ll find cryptocurrencies. Bitcoin, Ethereum, and Litecoin are popular cryptos in casinos. So why would an Australian gambler prefer to use Tether tokens?

Tether, as a stablecoin, isn’t affected by blockchain fluctuations like Bitcoin. Its value is pegged to the USD, one of the strongest currencies globally. So, your Tether tokens are as valuable as the US dollar.

USDT value has an impact on your winnings in online gambling. Unlike other cryptocurrencies, USDT remains pegged at a dollar per token. It remains stable as other cryptos fluctuate with rates of 10%-20% daily.

You can maintain your stablecoins without fear of this crypto value fluctuation. It makes Tether an investment-friendly cryptocurrency.

Another benefit of using Tether is its security. USDT exists on multiple blockchain networks. Your tokens benefit from the secure nature of individual blockchains.

Each Tether token is protected by the Omni Layer Protocol on the Bitcoin blockchain. Your tokens also benefit from the highly encrypted Ethereum smart contracts. The integration secures all transactions from fraud.

Inflation can hurt your casino winnings when making withdrawals. Luckily, Tether stablecoins can shield your winnings from inflation. You can easily convert USDT into USD, not necessarily your local currency.

The coin stability minimises foreign exchange on deposits and winnings. You can withdraw your winnings in the USD equivalent, which is a better currency.

And did we mention how easy it is to get Tether tokens?

Tether has been in circulation since 2014. It can be bought in major crypto exchanges such as Binance and Kraken. All you need is an active crypto wallet that supports Tether.

Tether tokens can be purchased in three steps:

  • Open an account with a suitable crypto exchange platform.
  • Deposit to the crypto exchange and buy your Tether tokens.
  • Store your Tether tokens in a crypto wallet.

While Tether isn’t as volatile as other cryptos, you could lose money. That said, it still is one of the safest cryptocurrencies today.

What is a Tether wallet?

Tether wallet (1)

We’ve been talking about Tether wallets, but what are they? A Tether wallet is storage for your Tether tokens. It’s high-grade software provided to keep your USDT safe and allow withdrawals as needed.

You can access the software to use your USDT using encrypted keys. The public key functions as your account number while the private key is like a password to allow access to your Tether wallet.

You should never share your private key to avoid hacking. While the wallet is highly secure, sharing a private key exposes it to harm.

But how do you get a Tether wallet? Just register with a provider and that’s it.

Types of  Tether Wallets

Tether wallets can be classified into two groups.

  • Cold wallets– these are hardware assets that store your Tether tokens. You need a password to access the assets stored. These are especially useful to hold large amounts of crypto. Further, cold wallets are not connected to the internet, which avoids remote hacking.
  • Web-based wallets – To play online using Tether, you’ll need a web-based Tether wallet. These wallets use high encryption to secure your USDT.

Popular Tether wallets include the following:

Choosing a Tether Wallet

You need to look at a few factors in your selection of a Tether wallet. Your chosen wallet should function in your favour. What do we mean?

Different wallets have varying fees, and this plays into your selection. Choose a wallet with affordable fees on fiat deposits and withdrawals. Wallets with cheap transaction fees also play a part.

Security is big with online wallets. Do due diligence on the history of the wallet provider. It’s safe to be careful and avoid online hype on controversial wallets.

Some wallets support multi-currency Tether variations. They allow you to swap USDT for other currencies easily. You can also consider that if it interests you.

Security and Privacy

Security and Privacy in Tether Casinos

Tether casinos are high in security and convenience. They pack state-of-the-art technology available today so they are more secure and convenient.

Unlike traditional casinos, Tether casinos safeguard your winnings with high-level cryptography. This means only you can initiate the transfer of funds.

The encryption shields transactions actuated on the network. Only you can access the funds using specialised private keys. With this, fraudsters cannot access your details, nor that of any transaction. USDT casinos also comply with recommended global security systems for fraud protection.

Some gambling regulators are yet to accept Tether casinos. However, Curacao has fully accepted and licensed them. This licensing means you can confidently gamble on Tether gambling sites.

However, not all casinos are safe, as you may think. Our list of recommended casinos has been vetted and they’re secure. Play in these casinos and get paid to your Tether wallet.

What’s more, these casinos have irresistible bonuses for new players.

Talking of bonuses…

Tether Casino Bonuses in Australia

Bonuses are one of the makers of casinos’ popularity in Australia. But do Tether casinos have them? Below are three common bonuses Aussies can land in Tether casinos:

Casino Welcome Bonuses Australia

Welcome Bonuses

Tether casinos award new sign-ups with welcome bonuses. You can receive up to 100% of your first deposit.

Let’s assume you deposit 100 USDT from your Tether wallet. Your casino account will receive an additional 100 Tether tokens. In effect, your bankroll will read 200 USDT.

Welcome bonuses come attached with many wagering requirements. For instance, you may be required to wager the bonus amount up to 30 times.

High wagering requirements on new players’ bonuses make this reward unattractive. All the same, the reward helps you increase your bankroll.

Promotional Bonuses

Promotional Bonuses

The casinos also run campaigns to market themselves by giving free play time. This method is popular with slot games where players get extra spins.

A promotional bonus is popular among existing players as an incentive to play more. Tether casinos award free spins with deposits. For example, you may qualify for 50 spins on select slots after you deposit a certain minimum amount.

Unfortunately, promotions on table games are rare. This is because most card game players are high rollers. For a poker fan, free spins may not be the best gift after all. Nonetheless, casinos are different and you might find one with promotions usable on table games.

VIP Specialized Bonuses

VIP Specialized Bonuses

Specialised bonuses are reserved for high rollers. These include poker, baccarat and blackjack players who spend more gambling.

Tether casinos offer VIP bonuses in several ways. One is through a reward system, where gamblers earn points on spending, say a point for each 10 USDT.

This system creates loyalty in gamblers as they chase reward points. Players can redeem these points for more bankroll in the casino.

Another common high roller bonus is deposit matching or a percentage of it. A player may get 10% of their spending, which translates to 10 USDT for every 100 USDT deposit.

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What games can I play using Tether?

Often, you’ll find casinos with a dedicated section of crypto games. What are these games? Are they different from the others? We’ll tell you; they are like other games only that you can wager on them using cryptocurrencies like Tether.

Australian gamblers have a wide range of casino games in Tether casinos. You can access these games right on your computer or mobile.

Some of the games to expect include:

Roulette

Roulette 1This casino game involves spinning a ball on a wheel to land on a winning number. The player chooses a number between 0 and 37 or 38. They win if the dice falls on the selected number.

There are two popular types of roulette wheels. One is the European wheel, which has numbers 0-37 and has the highest winning odds. The second one is the American wheel,l which has numbers 0-38 and two zeros.

In roulette, a player has one in 37 chances to win, making it a game of luck, not skill.

Baccarat

BaccaratBaccarat was first played in the 9th century in France. Since then, it has gained popularity in many traditional and Tether casinos.

A player and a baker face off and the higher score wins. It’s simple and requires not much knowledge of the game. Actually, this is the easiest to play of all card games.

Australian Tether casinos offer several variations of Baccarat:

  • Punta Banco
  • Chemin de Fer
  • Baccarat Banque

Tip: Casinos charge up to 5% commission on winnings to guarantee their profits.

Blackjack

Blackjack 1One of the most popular games in any casino is Blackjack. It gained popularity in the 1700s in France, just like baccarat. Since then, it has evolved to be played online in Tether casinos.

Here, the player aims to beat the dealer without going beyond the 21 blackjack score. You have to prompt in when playing as the rules go. This mainly is to avoid card counting, common with many blackjack players.

Unfortunately, card counting is close to impossible in Tether casinos. The casinos use an automated shuffler with a 52-card deck or shoe. This also makes sure that a player has 5% to hit Blackjack.

Video poker

Poker Australia 1William Red introduced video poker in 1970. Like traditional poker, you face off with other players until someone attains the winning hand.

Tether casinos allow you to face off against a computerised player. You can also choose to gamble with other players online.

All players decide on the winning hand before the game, and the rules to follow. The game is pretty lax, and your skill takes the day. The more skilled you are, the better your chances of winning.

Slot

Online PokiesSlots are the most common and popular casino games online. That’s why USDT casinos in Australia have loads of them.

Aussies can choose between progressive jackpot slots, video slots, or classic slots. Your wins are mainly based on luck. What to check is the slot RTP, which gives you a better chance of winning.

 

Casual-style games

Games to PlayToday, game developers continue to create new products for online casinos. Tether casinos stock these games to give you more gambling options. Such newer

Tether casino games are:

  • Limbo
  • Plink game
  • Game of dice
  • Aviator game
  • Mines game
  • Games of crash
History

History of Tether and Changes in the Rates

This cryptocurrency was introduced in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Their goal was to bring something new to the crypto world where price variations aren’t as much. So, Tether’s price was set to be determined by the market value of USF.

Among stablecoins, Tether holds strong in value and use. USDT transactions hold a high preference by users for their foolproof encryption.

But it hasn’t been smooth sailing for Tether.

Historically, Tether has had a fairly rough journey to where it stands today. This has dropped its valuation more than once, sometimes below the threshold.

A 2020 lawsuit saw Tether and Bifinex fined $18 million for price manipulation on USDT value. Both accused denied the charges and opted to settle out of court.

Accusations against Tether and its cash reserves continue to this date. This has been due to Tether’s books of account not being as transparent. Since they don’t accept public audits, uncertainty still lurks.

The transaction costs also cause a fluctuation in the value of USDT. Therefore, Tether tokens will never be capped at a dollar each.

Extreme changes in USDT valuation are not as common. An all-time low occurred in 2015 when 1 USDT was valued at 0.5683 USD.

The USDT reached an all-time high of 1.22 USD in the same year. Since then, fluctuations have always been close to the dollar, both up and down.

But as some users will say, the Tether system is too big to fail. Plus, you can peg your assurance on the transparency page. A 66 billion dollar assets base, gives surety of your investment.

May 2022 saw Tether enter the Mexican market. Tokens are capped against the Mexican Peso, with a 40% adoption rate. Mexico forms its first base in the Latin American market.

The Mexican Tether tokens are on Ethereum, Tron, and Polygon blockchain networks.

It’s therefore fitting to say that USDT is the most popular stablecoin in the market. Rates fluctuate controllably, with a variation of 0.03% on the lower side.

Tether’s high value makes it a popular token in a variety of industries, including gambling. Its stability and easy conversion to fiat currency are an attraction to most casino players.

You’re exposed to minimal value risk on casino wagers during conversion.

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Costs associated with Tether in Australia

TaxCasino fees are a major contributor to the amount you win. They eat up your balance, and sometimes it can be higher than you expect.

Fortunately, Tether casinos are some of the cheapest casinos for Australian gamblers. They use a blockchain model and are therefore cheaper.

Here are some of the costs you can expect in USDT gaming sites:

Deposit fees

Most Tether deposits are free. However, don’t assume that there are no fees unless it’s indicated by the casino. You can check for fees on deposits on the casino’s payment page.

Note that Tether charges 0.1% network fees for fiat deposits to buy Tether tokens. So, you’ll be charged 1 AUD for every 1000 AUD deposit. The rate is fair compared to other cryptos.

Withdrawal fees

Withdrawals in Tether casinos vary according to the individual casino fees. You can access this information on casino withdrawal charges on their website. Mainly, this will be equated to a percentage of your withdrawal amount.

Another thing to note is the required minimum and maximum withdrawal amounts. The amount has to cover both the casino fee and the minimum limit. Lack of either will result in a failed withdrawal attempt.

Tether network fees also apply on withdrawals into fiat currency, at 0.1%.

Currency exchange rates

The exchange rates vary in Tether casinos. The variation makes it difficult to note the cheaper casino. This is especially true if you’re purchasing Tether tokens with local unsupported currency.

Mainly, this would mean you have to buy a currency accepted by USDT, like the US dollar. The transaction costs and your local currency value affect your bank balance.

It, therefore, goes that you need a better understanding of all fees payable. You can then decide with ease which Tether casino favours you. A good point is to visit each casino payment page to get an idea of their rates.

Overall, most USDT casinos charge a 0.01% to 0.1% markup on transactions.

Factors affecting the value of Tether

Factors affecting the value of TetherSince its inception, Tether has had its fair share of valuation fluctuations. Although still a stablecoin, its pricing hasn’t always been stable.
In theory, the value of USDT is capped at 1:1 to the US dollar. So, what would lead to this valuation change?

Let’s look at some factors that cause the Tether token price fluctuation:

The perceived value of the Tether tokens

People take stablecoins as a secure investment option to caution against inflation. Other currencies’ devaluation doesn’t affect USDT because of its dollar valuation. Therefore, Tether tokens can shield your funds from this effect.

Your money doesn’t lose value, as you can convert the USDT to USD. Because the USD is superior to most other currencies, the Tether USDT is valuable as well.

Demand and supply of USDT

The demand and supply of Tether tokens affect their availability. This is true, especially in inflationary times. People in other countries try to hedge with the USDT.

Fortunately, Tether is supported by bank reserves. Therefore, the coins can be in unlimited supply.

Blockchain convenience advantage

This is when people prefer Tether tokens for easier transactions. Tether operates on various blockchains, which grant USDT security. The Bitcoin and Ethereum encryptions assure ease of doing business.

You can transfer large sums of money quickly and without dealing with banking bureaucracy. This increases the demand for Tether tokens.

The price of USD

USDT is pegged at 1:1 to the US dollar. Tether tokens are less valuable when the US dollar falls in value. The inverse is true when the USD increases in value.

For the most part, this fluctuation is unavoidable. Fortunately, the USD rarely falls in value compared to other currencies.

Pros and Cons of Using Tether

Pros

pros
  • Tether is multi-currency. It supports USD, offshore Chinese Yuan, British Pound Sterling, and the Mexican Peso.
  • Tether is pegged on USD and therefore stable compared to other cryptos.
  • You get fast transactions based on blockchain technology.
  • All Tether transactions are secured with Bitcoin and Ethereum encryption.
  • Players get multiple bonuses when paying at USDT online casinos.
  • Transaction fees are cheaper in Tether casinos.

Cons

cons
  • Not many AU casinos support Tether
  • The coin is surrounded by controversy regarding transparency.
  • USDT isn't secure if the US dollar fluctuates.
  • Tether doesn't enjoy a high valuation as its demand rises, unlike traditional cryptos.

Differences between Tether and Traditional Payment Methods

Tether (USDT) Traditional Payment Methods
Operates on the blockchain Fiat currency
Secured with Bitcoin Omni Protocol Layer and Ethereum smart contracts Prone to fraud and tracking
Fast payments because of reduced processing times. Slowed payments due to bank bureaucracy and paperwork
USDT stablecoin protects its value. It’s pegged on the US dollar value. Currencies suffer from inflation and foreign exchange rates.

Alternative cryptocurrencies for players in Australia

If you don’t like Tether, you can use the following cryptos instead;

Bitcoin

BTC is also popular in Australia. That’s why most Tether casinos accept payments in Bitcoin. However, BTC and USDT differ in terms of stability. You can therefore potentially lose money should the value of BTC fall.

Ethereum

This is a more secure and less volatile cryptocurrency. Aussies can access many online casinos that offer this payment channel. Again, just like bitcoin, ETH value is volatile. Ethereum, however, offers highly secure and quick transactions with smart contract technology.

Dogecoin

Dogecoin gained popularity after continuous endorsements by celebrities. Today it’s one of the biggest cryptos, used even on AU gambling sites. Dogecoin’s valuation has continuously fallen and therefore you should be careful with it.

Crypto name Year of creation Highest high Highest low
Bitcoin 2009 98,807.28 AUD on November 10, 2021 94.13 AUD on July 05, 2013
Dogecoin 2013 0.11 AUD on January 19, 2023. 0.00096 AUD on September 15, 2017
Ethereum 2015 6,916.12 AUD on November 9, 2021 8.42 AUD on December 6, 2016
Conclusion

Final Thoughts: Tether (USDT) Casinos Australia

Tether casinos are not only safe and legit. They have a large palette of games and thousands of slots. You can find live games also to stake in.

The casinos also have various bonuses for their new and return gamblers. Get awesome welcome and cashback bonuses on deposits and extra spins to use in slot games.

Paying via Tether adds the benefit of security in gambling. USDT allows players to enjoy the stability of stable coins. You also get the convenience of a currency operating on the blockchain.

Should you pay in Tether casino? Absolutely.

As an Aussie gambler, you can enjoy high bonuses and enrich your bankroll. Tether casinos also have low fees on deposits and withdrawals. You get more of your winnings than in traditional casinos.

At Casino Australia Online, we have lessened the load of selecting the best Tether casinos. All our recommendations are vetted for security and legitimacy. Play in one of them for greater chances of winning.

Happy gambling, and may the jackpot be yours!

FAQS

How safe is a Tether casino in Australia?

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Australian Tether casinos use blockchain technology to process payments. This means that all transactions are safeguarded from intruders. All Tether casinos we recommend are vetted for security and legitimacy.

Are Tether casinos legal in Australia?

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Yes. They are licensed and allowed to operate in Australia. You can access the licence information on the casino’s website.

What is the best Tether casino in Australia?

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Tether casinos in Australia stock a variety of casino games you fancy. Check our list of vetted Tether casinos for a blissful gambling time. We recommend them for their bonuses, ease of use and security.

Do Tether casinos have bonuses?

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Yes, these gaming sites have promotional offers. While these bonuses aren’t Tether-specific, players can redeem them. They include free spins, cashback and VIP perks.

How long are the withdrawal times in Australian Tether casinos?

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Tether casinos offer fast payouts. You can expect your payments within 24 hours if your casino account is verified.

Can you play in Tether casinos using a smartphone?

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Most AU Tether casinos are mobile-friendly. You access the platform and enjoy your favourite casino games. Most of them also have iOS and Android mobile apps for a more personalized experience.

Amelia Taylor
Amelia Taylor Casino Auditor Last Updated: February 13, 2023

Amelia is huge fan of online casinos and Pokies. She was born in Sydney, Australia and spent last few years as an iGaming copywritter.

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