Tether Sportsbooks
Tether was launched in 2014, and quickly became one of the most widely accepted cryptocurrencies for online sportsbooks. When it comes to getting started or continuing betting on sports, cryptocurrencies have become the most efficient place to start. No matter the types of bets that anybody wants to place, Tether can be easily purchased and used for quick and free fee payouts.
Tether was created by the team that helped launch Bitcoin, earning a secure and safe reputation over the years. It is extremely easy to get a hold of the cryptocurrency, and even easier to use it to wager with online Tether sportsbooks in the US. Whether placing wagers on the NFL season or checking in on international basketball, Tether can be used to do all of the above once it is processed and transferred to a sports betting account.
This online sportsbook is known for having the most current odds for all major and minor sports betting events. Bovada makes it easy for all new bettors to jump right into the action, with a first-time crypto bonus that could go all the way up to $750. This crypto welcome bonus only has a 5x rollover and makes depositing with Tether exciting and efficient. As soon as the bonus hits a bettor’s bankroll, it can be used to wager on all of the sports lines and odds that Bovada consistently updates.
With there always being sporting events to wager on, BetOnline makes depositing with Tether simple and affordable, having a minimum of $20 Tether deposits. With this opportunity, bettors can deposit small amounts to wager on specific game lines, instead of having to commit to large deposit amounts. BetOnline will also process the Tether deposit within 30 minutes, for the most part, making last-second wagers possible and practical. Even with the small minimum for Tether, bettors can still deposit big maximum weekly deposits accepted at $100,000.
When purchasing cryptocurrencies, there are typically small fees that are charged for the transaction and this includes buying Tether. SportsBetting does not make the process more difficult, by not charging an additional fee for depositing with Tether, for any deposit, and any payout request. From when the Tether is transferred into a bettor’s SportsBetting bankroll, to cashing out any sports bet that hits, there are no extra charges for every bettor. In fact, they even offer bonuses for depositing with Tether, adding to the excitement of not being charged fees.
Step By Step Guide To Betting On Sports With Tether
Sports bettors all around the US can feel secure when purchasing Tether, using it to fund a sportsbook account, and placing every single sports wager. Starting this process will slightly differ depending on the exchange platform that the crypto is purchased from, but the general steps are universal. If planning on purchasing Tether and directly sending it to an online sportsbook, a personal crypto wallet is not required.
However, it is never a bad idea to have a secure place to send any Tether to, with Coinmi being one of the most recommended wallets for Androids and iPhones. The most important step is making sure the bettor has an account with an online sportsbook or multiple sportsbooks.
Steps From Buying Tether To Placing Wagers
- Buy Tether from a crypto exchange platform. Coinbase is one of the best platforms for new crypto purchasers, with simple steps and the ability to directly send it to a sportsbook account.
- After an account with the preferred crypto exchange has been successfully created and verified, users can search for Tether, and purchase however much of the digital currency is desired. Most online sportsbooks require a minimum of $20 and with the small fees attached, it is ideal to spend at least $25 US.
- Once the Tether is purchased and processed by the bank that was used, it is ready to send it off to a sportsbook. All online sportsbook websites will have a banking section for the page and there will be an address to copy for the exchange to know where to send the Tether to.
- Using Bovada as a specific example, the deposit section has a specific Tether option, with an address to copy for the Tether transfer. Some other online sportsbooks will have an option that is labeled as “altcoins” which is any crypto that is not Bitcoin.
- After copying this address from Bovada, the bettor can go to the exchange platform that they used to buy Tether and paste it to the “send” option on the platform. This will ask how much Tether is wanted to be transferred, and send it instantly.
- Using Tether, this process should happen instantly, but will not take longer than two hours. As soon as the Tether hits the sportsbook account, it is ready to be used to wager on any of the sports betting lines and bets available.
Depositing Into A USDT Sportsbook
Every online sportsbook has its own limits for deposits, with Tether having low minimums and high maximums. Some of the books are better for people who want to wager in small increments, and others are meant for bettors who intend to request large payouts in the future. Another great aspect of betting with USDT is the no fees that are charged for making any deposits.
Depositing With Tether
| Sportsbook | Minimum Deposit | Maximum Deposit | Fee | Expected Processing Time |
|---|---|---|---|---|
| Bovada | $50 | $5,000 | None | Instant |
| BetOnline/SportsBetting | $20 | $100,000 | None | Instant |
Tether Sports Betting Bonuses
Every online sportsbook offers a type of bonus for Tether deposits. While particular online books have sign-up bonuses, others have reloaded bonuses, and the best books offer both. Most crypto bonuses will have a rollover requirement, which sets an amount that must be bet/won before any winnings can be deposited from the account. Accepting bonuses is the most beneficial to bettors that want to keep their bankroll funded, building it up one bet at a time.
Types Of Tether Bonuses
| Sportsbook | Bonus Type | Bonos Code | Max Bonus | Min Deposit |
|---|---|---|---|---|
| Bovada | Crypto Welcome | BTCSWB750 | $750 | NA |
| BetOnline | Crypto Reload | CRYPTO35 | $350 | $20 |
| SportsBetting | Crypto Welcome | 100CRYPTO | $1,000 | $20 |
Can I Get Sportsbooks Winnings Paid Out In Tether?
Tether has very low withdrawal limits, allowing all bettors to easily request payouts. When it comes to maximum withdrawals, online sportsbooks sometimes set the amount based on each individual player and their sportsbooks account/history. Bovada allows their standard max withdrawal to be requested every three days, while most other online books go by week.
Tether Withdrawals
| Sportsbook | Minimum Withdrawal | Maximum Withdrawal | Fee |
|---|---|---|---|
| Bovada | $50 | $9,500 (standard) | None |
| BetOnline/SportsBetting | $50 | $100,000 | None |
Can I Deposit Tether But Withdraw In A Different Crypto?
With not every online sportsbook having the same list of accepted crypts, it is beneficial to have an understanding of all the different cryptocurrencies that are accepted from all different online books. If somebody has already purchased Tether but the sportsbook that has the best odds only accepts Bitcoin, they can easily trade the Tether with the exchange platform that the Tether was purchased from in the first place.
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Chainlink (LINK)
- Cardano (ADA)
- Apecoin (APE)
- Avalanche (AVAX)
- Ripple (XRP)
- Solana (SOL)
- Stellar (XLM)
Best Exchanges To Transfer Tether Into A Sportsbook Account
One of the most important things to know when planning on funding the bankroll of an online sportsbook is finding the perfect exchange platform or crypto wallet. As crypto has grown quickly in the US, there are endless options for which platform to choose for purchasing or storing USDT.
- FTX
- Coinbase
- Coinmi
- Binance
- crypto.com
- blockchain.com
- Kraken
- Huobi
- Bitpanda
- KuCoin
- Coinmama
Pros And Cons For Using Tether To Bet On Sports
Pros
- No fees
- Quick deposit times
- 48-hour withdrawal windows
Cons
- Fees for purchasing Tether
- Not accepted by every single online sportsbook
- Requires exchange platform accounts/wallets
Why Stablecoins Like Tether Are Great For Sports Betting
Stablecoins are cryptocurrencies that are pegged to the US Dollar, meaning they are set up to be worth $1 at any time. Tether specifically is the largest stablecoin, and claims to be backed 1:1 by US Dollars, so for every USDT token in existence, there is a dollar backing it, according to their claims. This means that you can deposit and withdraw in Tether and feel safe about it, where other cryptocurrencies are more volatile.
The reason this is impactful is that many online sportsbooks offer bonuses for using cryptocurrency. Other cryptocurrencies might decrease in value, but Tether will be worth $1 unless something goes extremely wrong, with no fluctuations. You can use Tether as your crypto of choice and still have access to those crypto bonuses, with none of the downsides of using a cryptocurrency.
Are Online Sportsbooks That Accept USDT Legal?
All of the internationally licensed sportsbooks that accept Tether are completely legal in the US, with Bovada being the most popular online book that accepts the currency. These online sportsbooks have been running for many years, and have helped bettors all over the US place legal sports wagers, always delivering on bonuses and payouts.