Best Tether Casinos by Category
Facts About Tether Casinos NZ
Tether is one of the many stablecoins on the crypto market. Although it’s a cryptocurrency, its value is pegged to fiat currencies, creating more stability than the volatile movements cryptocurrencies are notorious for. As a result, Tether has become a popular crypto, especially for those who want something less volatile to store their money for a long time. Although there are no potential high gains with Tether, it is still a suitable option. As a result, it has become a popular crypto option at online casinos.
History of Tether
The journey started in 2012 when J.R. Willet published a whitepaper describing the possibility of creating a new crypto on the Bitcoin blockchain. The idea was implemented in the cryptocurrency Mastercoin with Willet’s help. Eventually, the Mastercoin protocol became the foundation of Tether, making Brock Pierce, an original member of the Mastercoin Foundation, a co-founder of Tether.
Tether was originally named Realcoin during its 2014 announcement by Brock Pierce and other co-founders. It was tagged as a Santa Monica startup. On October 6, 2014, the first Tether tokens were rolled out on the Bitcoin blockchain using the Omni Layer Protocol. Eventually, Realcoin was renamed Tether following an announcement that it was entering private beta with support for a Tether+ token for three currencies: EuroTether, USTether, and YenTether.
Between 2012 and 2014, Tether achieved a lot, pushing the cryptocurrency to become popular. From 2015 to 2016, the growth continued.
- 2015-16: Since 2015, Tether has gained more traction in the crypto space, allowing more people to invest in the market. Bitfinex became one of the first crypto exchanges to add Tether to their platform. This move brought more validation to the cryptocurrency, increasing its usage and adoption in the community. By 2016, transactions had multiplied within the Tether community.
- 2017-18: From 2017 to 2018, the amount went from $10 million to $2.8 billion, with Tether accounting for up to 10% of Bitcoin’s trading value in that time. By the summer of 2018, the percentage went up to 80%, with over $500 million of Tether issued in August, showcasing the growth of the cryptocurrency.
- 2019-more: Since 2019, Tether has remained a popular name in the cryptocurrency community, with more people trusting the technology as a safer and better option than other cryptocurrencies. The value has remained uniform for most of its history, showcasing that the creators are sticking to the original idea.
It’s good to note that the price of Tether hasn’t always been stable. There have been times when it has fallen below $1. However, compared to other cryptocurrencies, the price movement isn’t irrational. So, you can trust that it will remain the same value for a long time. You don’t have to fear a heavy fall in price. Still, you can’t always expect an absurd amount in gains since it maintains a balanced movement all through.
Security and Liquidity
One of the many claims of Tether, when it was introduced, was to hold USD in reserve to meet customer withdrawals on demand. Although it hasn’t been a smooth journey upholding that promise, there have been many positives. Customer withdrawals have been smooth with straightforward transactions, and the good thing is that the reserve has increased over the years, showing how popular Tether has become. So, Tether is an incredible cryptocurrency that offers stability.
It operates on the blockchain, making it secure, but it shares the same loopholes as most cryptocurrencies. So, holders must be careful with their keys and other authentication tools. The years have shown that Tether will remain a popular option in the crypto market because of its stability. It allows users to enter the crypto industry without needing to understand the market movement or fear the loss of assets due to volatile trends. It is an incredible tool for investing in the crypto industry. You can use it to learn how to get started and become an experienced investor.
Tether Tokens
There are different Tether tokens based on various popular currencies. So, if you want to join the Tether community, it helps to understand these tokens and pick the right one. We’ve highlighted a few of these popular tokens below. In that case, you can consider each one to find a suitable option before proceeding.
- US Dollar Tether: This token is the most popular; it is represented with USDT, and when you transact on most exchanges, this is the token you’ll be presented with. So, you might want to consider it. Additionally, USDT has the highest circulating supply. There are currently over 66 billion in circulation.
- Euro Tether: This token is popular but not as massive as the USDT token. It is represented with EURT and currently has more than 234 million in circulation, showing its popularity in the Tether community. The EURT works well, especially with European investors and users.
- Chinese Yuan Tether: China has become a big player in technology. With China now playing a big role, the Chinese Yuan is another currency the Tether is pegged to. Therefore, we have the Chinese Yuan Tether as one of the popular tokens. Currently, there are over 20 million CNHT in circulation.
- Mexican Peso Tether: The Mexican Peso also has a role in the Tether community. It is one of the most popular tokens to consider. For those who want to transact based on the Peso, the MXNT works perfectly. And given its popularity, the Mexican Peso Tether has almost 20 million in circulation.
- Gold Tether: Tether is also pegged to Gold, given that it is a stable commodity. Even though the world’s monetary system has moved away from the Gold standard, Gold remains a high-end commodity, especially for hedging inflation. However, it is not as popular as the fiat currency pegs, with about 250,000 in circulation. The Gold Tether is represented with XAUT.
Deposits & Withdrawals in Tether Casino Sites NZ
We’ve already established how incredible Tether is when using it at online casinos. Most players find it easy to use, and given that it doesn’t share some of the top disadvantages of other cryptocurrencies, it is a preferable payment method. You can always explore an incredible gambling experience when you choose this payment method. It is easy to deposit and withdraw money with Tether. If you don’t know how to get started, we’ve highlighted the deposit and withdrawal processes most casinos share. With this, you can get started at top-notch online Tether casino New Zealand sites.
Once you’ve completed the account registration process at the top online casino Tether New Zealand platform you prefer, created a Tether wallet, and added a few tokens, you can follow the steps highlighted below to fund your account.
- Go to the casino’s deposit page
- Select Tether as your preferred payment method
- Copy the casino’s Tether wallet address
- Open your Tether wallet
- Complete the transfer
- Wait for confirmation
It shouldn’t take long before the transfer is confirmed. So, refresh the casino site if it’s taking too long to reflect on your account automatically. Once the money is in your account, you can go to the casino’s lobby to play for real money. When you’ve accumulated a substantial payout, you can withdraw your money.
- Go to the cashier page and click withdraw
- Enter the amount you want to withdraw
- Select Tether from the list
- Follow the prompts and provide your active Tether wallet address
- Wait for the transfer to be confirmed
Once the withdrawal request is confirmed, you shouldn’t have to wait too long before you receive your money. Double-check the address you provide because transfers are irreversible, so you don’t lose your winnings.
Payout Times & Fees in Tether Casinos
Withdrawal times and fees at Tether Casinos vary from one to another. However, the payout times are usually fast. Within 24 hours, you should receive your money as long as you’ve completed all the requirements and made no mistakes with the withdrawal process. Additionally, most Tether casinos don’t charge players extra fees for withdrawals. So, you can withdraw for free multiple times. Also, the withdrawal limits are typically higher with cryptocurrencies, including Tether. Before proceeding, we encourage you to check the casino’s terms and conditions. That way, you’ll know more about the casino’s terms and can plan your next adventure accordingly, making your journey smoother and hassle-free.
Everything About Tether Casino Bonuses in New Zealand
When you join online casinos that allow you to deposit and withdraw using Tether, you’ll have access to incredible bonuses. These offers vary from casino to casino. However, many casinos share similar bonus types. So, before joining any casino site, you might want to check out the offers available. Pick the one that fits your preference and enjoy the exciting gambling experience. You can access some of the best bonuses online as you play. You can even use these offers to increase your winning chances.
Matched Deposit Bonuses
Most casinos offer this bonus type. So, depending on the casino you join, you will likely have access to matched deposit bonuses. In this case, you will receive a bonus offer based on the amount you deposited. It can come in different forms. You might receive this offer at some casinos as part of the welcome bonus package. For instance, you’ll receive a 100% matched deposit welcome bonus when you make your first deposit. So, in this case, if you deposit up to NZ$100, you’ll receive NZ$100 in bonus money, which you can use to try your luck on different casino games, increasing your chances of winning a substantial payout.
The good thing is that it doesn’t end there because you can receive a matched deposit bonus as an active player. This typically comes as a reload bonus, whereby you’ll receive a percentage of the amount you deposited for your subsequent deposits. Depending on the casino you join, it can be weekly, monthly, or daily. Understand that this bonus type comes with different requirements you must fulfil. So, take your time to check the bonus terms and conditions before proceeding.
No Deposit Bonuses
Another common bonus type in the online gambling industry is the no-deposit bonus. Although this bonus type is rare compared to matched deposit bonuses, it is still one of the best bonuses you can enjoy when you play online. It allows you to start your gambling journey without depositing. So, you will enjoy the perks of playing for free without enduring the downsides. For instance, you can win real money with no-deposit bonuses even if you haven’t deposited any funds at the casino. No-deposit bonuses are usually welcome bonuses that newly registered players will enjoy. It works well for a new adventure because it allows you to learn more about a new gambling environment.
Another good thing about this bonus offer is that you can try new strategies with the bonus money. However, you must understand the terms and conditions page before proceeding so you can plan accordingly. You also must know if there are restrictions on the games you can play before proceeding. That way, you will know if there’s anything to do that will increase your chances of successfully clearing the free bonus offer. If any part of the terms and conditions is confusing, we advise that you ask an available customer support agent for clarification.
Other Bonuses
At many casinos, the list goes on. Aside from the top two bonuses, you can enjoy other exciting perks at Tether casino sites in New Zealand. Some casinos offer cashback bonuses, which allow you to receive a percentage of the money you lost over a certain period of time. Cashback offers are helpful, especially during a bad period of loss. That way, you can try again to win back the lost amount. Besides the cashback offers, some casinos offer free spins to players who love spinning the reels on online pokies. In this case, you will receive bonus spins that you can use to play for real money. You’ll enjoy a better chance to win when you claim these bonuses.
Other bonuses you can enjoy at online casinos include high-roller offers, drops & wins tournaments, refer-a-friend bonuses, etc. Depending on your chosen casino, you might have access to these bonuses. Some even let you pick the type of offer you want, while others might provide bonuses based on your activities. That way, you might enjoy an incredible gambling experience with exciting bonuses. Check the casino’s terms and conditions before deciding whether the offer is worthwhile.
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Some Tether casinos are unlicensed and unregulated