Tether (USDT) supported gambling platform? - page 2.

bittraffic

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If it supports USDT, they could just operate as exchange and profit more from it than being a casino instead. But this is also a good thing for the bettors because we can trade as well as gamble.

More will buy USDT when BTC spikes and then keep betting using the tether. And when BTC dips we can buy BTC and still keep betting. Which casino does have this option?

Oilacris

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Quote from: jvdp on July 19, 2019, 01:10:21 PM

Quote from: Oilacris on July 19, 2019, 12:59:48 PM

Quote from: ?? on ??

It seems to me that probably the conversion of cryptocurrency to USDT carries with it a certain goal, which the game resource is trying to protect itself against the volatility of cryptocurrency. Therefore, I am sure that it is also very profitable for a gambler when he automatically receives the amount of funds in dollars equivalent.

Adding up USDT on any crypto gambling platform is irrelevant.If they do then it would really just like on playing to a Fiat Based online casino.

USDT can be one of the option by just adding their API on the gambling site and i can understand that decentralized platform cannot able to do that. KYC verification and centralized business cannot set for the gambling field.
We may find any centralized gambling field which can adopt the USDT or XRP as the payment mode.

As I said earlier for those businesses or gambling sites that do add up these stable coins wont really be different on having that

fiat online casinos.Yes,you can easily add up these options but look at on what most people do prefer?

jvdp

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Quote from: Oilacris on July 19, 2019, 12:59:48 PM

Quote from: ?? on ??

It seems to me that probably the conversion of cryptocurrency to USDT carries with it a certain goal, which the game resource is trying to protect itself against the volatility of cryptocurrency. Therefore, I am sure that it is also very profitable for a gambler when he automatically receives the amount of funds in dollars equivalent.

Adding up USDT on any crypto gambling platform is irrelevant.If they do then it would really just like on playing to a Fiat Based online casino.

USDT can be one of the option by just adding their API on the gambling site and i can understand that decentralized platform cannot able to do that. KYC verification and centralized business cannot set for the gambling field.
We may find any centralized gambling field which can adopt the USDT or XRP as the payment mode.

Oilacris

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Quote from: ?? on ??

It seems to me that probably the conversion of cryptocurrency to USDT carries with it a certain goal, which the game resource is trying to protect itself against the volatility of cryptocurrency. Therefore, I am sure that it is also very profitable for a gambler when he automatically receives the amount of funds in dollars equivalent.

Adding up USDT on any crypto gambling platform is irrelevant.If they do then it would really just like on playing to a Fiat Based online casino.

jhongzjhong

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Quote from: emberbekas on July 09, 2019, 09:49:27 PM

Quote from: dataispower on July 09, 2019, 04:34:26 PM

There are some good and bad sides about any gambling site accepting tether. For the good side, it's mainly about the stability of usdt although I'm yet to come across one, it's not entirely a bad idea. Well, I'm not a huge fan of usdt, so not looking forward to use it in gambling. The altcoins I like for gambling are EOS, ETH, TRX.

I am not use usdt yet in gambling but I think it will be good for those who doesn't want to be in volatility with their money, therefore they can focus on the game itself. If the transaction's fees for usdt isn't too big and the confirmation time will be faster, it would be cool to be used as gambling tool.

That is good if some gambling platform using USDT as a fund.
You just like using fiat because of the stability of that coin and no need to worry if bitcoin will down too much.
But I still prefer to use Dogecoin or Ethereum, aside from less fees it is also had a faster transaction and I do not know if USDT will the same as that.
Can anyone point a gambling platform as of now using USDT?

jongchan4256

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Quote from: shoreno on July 10, 2019, 12:18:39 AM

Quote from: jongchan4256 on July 09, 2019, 09:27:11 PM

micbet.com

This site receives USDT deposit. If you deposit btc or eth, it will change to USDT and play.

thats freakin cool but i have a question , what if you want to deposit btc , will they also provide a btc address ? i guess they have because i think it was impossible to send btc on an usdt address . it wont allow you to send but if it does then i still dont think that the coins will recieve . gambling with usdt is expensive to some that only wants to bet lower than 1 usd . like me i only bet have than 1 usd or sometimes lower than that .

This site provides BTC, ETH, and USDT addresses. If you deposit BTC or ETH, it will automatically be converted to USDT. When you withdraw, the withdrawal will be made in the same way as BTC or ETH.

shoreno

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Quote from: jongchan4256 on July 09, 2019, 09:27:11 PM

micbet.com

This site receives USDT deposit. If you deposit btc or eth, it will change to USDT and play.

thats freakin cool but i have a question , what if you want to deposit btc , will they also provide a btc address ? i guess they have because i think it was impossible to send btc on an usdt address . it wont allow you to send but if it does then i still dont think that the coins will recieve . gambling with usdt is expensive to some that only wants to bet lower than 1 usd . like me i only bet have than 1 usd or sometimes lower than that .

emberbekas

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Quote from: dataispower on July 09, 2019, 04:34:26 PM

There are some good and bad sides about any gambling site accepting tether. For the good side, it's mainly about the stability of usdt although I'm yet to come across one, it's not entirely a bad idea. Well, I'm not a huge fan of usdt, so not looking forward to use it in gambling. The altcoins I like for gambling are EOS, ETH, TRX.

I am not use usdt yet in gambling but I think it will be good for those who doesn't want to be in volatility with their money, therefore they can focus on the game itself. If the transaction's fees for usdt isn't too big and the confirmation time will be faster, it would be cool to be used as gambling tool.

jongchan4256

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micbet.com

This site receives USDT deposit. If you deposit btc or eth, it will change to USDT and play.

dataispower

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There are some good and bad sides about any gambling site accepting tether. For the good side, it's mainly about the stability of usdt although I'm yet to come across one, it's not entirely a bad idea. Well, I'm not a huge fan of usdt, so not looking forward to use it in gambling. The altcoins I like for gambling are EOS, ETH, TRX.

FanEagle

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I think it would be very weird to play with tether instead of fiat or crypto. I am sure there is a niche playing place somewhere in the crypto where people actually want to play with tether instead of crypto or fiat but that must be a small number of people. If you want to play with crypto and stay hidden you get to play with bitcoin and many other coins, if you are fine with playing dollars then there are billions of places that you can gamble as well, the only small amount of place that tether can help out with is playing with dollars but still staying hidden.

I think it should exist, I think it should get some attention as well, after all every type of investor and user is welcomed in bitcoin casino world but I think it would just not be as big as the others, just a niche stuff.

Zicadis

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Dump it!!!

Quote from: PokerDiceMan on September 14, 2017, 10:11:41 AM

youre true never gambling site support USDT, because not all country support USDT , tether strong regulate

about exchanger not only poloniex and bittrex, much exchanger support USDT, kraken, yobit, bitfinex and many more support USDT too

Quote from: YuginKadoya on September 14, 2017, 09:48:49 AM

I see why Tether never make it in the gambling sites, have you seen the recent price of it right now it is just $0.990995 as of now, it went down when the bad news about china spread certainly we can see that bitcoin is in the down side too, but I think this kind of coins still need to go further.

Quote from: trickyriky on September 14, 2017, 08:24:16 AM

I never seen Tether on gambling sites. Actually I've seen it only at Poloniex and Bittrex )))
So it almost 99% that usdt not available at gambling. I think it USA company, so it will be never in gambling.

Pretty funny to see these generic repetitive responses by so many of you saying that there are no gambling sites with USDT. Are you guys smoking or what?
I can name half a dozen right off the top of my head. Cryptowild, Luckygames, Betchain, Sportsbet, Bitstarz, BitcoinCasino and I am hundred percent sure that you can find many more if you guys just did a simple google search.

thin

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Quote from: Irvinn on July 08, 2019, 11:43:17 AM

It seems to me that the problem with cryptocurrency legalization is very acute today, but if we talk about the use of usdt in gambling, it seems to me that this coin is suitable for a calmer game, because you do not think about its value at the moment. USDT is practically the equivalent of a dollar, for example, Bitcoin constantly changes its price.

well, I don't think this nuance is so important. BTC or USDT, when you put a bid I guess everyone thinks about its current dollar value, and also calculates potential prize in dollar. Crypto is not yet achieved a level of usage, when calculate your money in crypto.

Irvinn

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It seems to me that the problem with cryptocurrency legalization is very acute today, but if we talk about the use of usdt in gambling, it seems to me that this coin is suitable for a calmer game, because you do not think about its value at the moment. USDT is practically the equivalent of a dollar, for example, Bitcoin constantly changes its price.

mindrust

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Implementing tether is easier than ever now. Many issued USDT are now on the ETH network as ERC20 tokens which you can track or add to your casino easily.
https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7

This ERC20 token stuff should unlock some serious stable coin possibilities for online casinos.

joshy23

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Quote from: ethereumhunter on July 07, 2019, 01:25:15 PM

Quote from: Ucy on July 07, 2019, 12:27:15 PM

Quote from: diazepam666 on July 06, 2019, 01:42:33 PM

It will never happen unless and until USA government accepted cryptocurrency mode of payment as well as ICO and gambling investments.
One they started then we can find the new projects in gambling field with USDT.
Personally I didn't came across any gambling site using usdt deposit. Maybe we can find Bitcoin for ethereum everywhere...

Why not? It should be possible if tether is permissionless. I don't know much about this but I see no reason why it can't be done..
It should be possible on crypto based gambling sites... maybe not on non-crypto based sites

Yes, the chance for the tether to be accepted in the gambling website is wide open as the other coins because tether is designed for the cryptocurrency and I think tether can be as another option for the gambling site. Besides that, if people can have so many options to use any coins for playing gambling, that will help cryptocurrency to grow among them and I think many people will interest with the cryptocurrency especially for the gambler itself.

And also, every crypto coins that being accepted inside gambling site are being reviewed by the owners, if they see no issue using Tether chances
that it also be allowed is still open, if there's more gamblers that who will request for this it will might be considered.

ethereumhunter

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Quote from: Ucy on July 07, 2019, 12:27:15 PM

Quote from: diazepam666 on July 06, 2019, 01:42:33 PM

It will never happen unless and until USA government accepted cryptocurrency mode of payment as well as ICO and gambling investments.
One they started then we can find the new projects in gambling field with USDT.
Personally I didn't came across any gambling site using usdt deposit. Maybe we can find Bitcoin for ethereum everywhere...

Why not? It should be possible if tether is permissionless. I don't know much about this but I see no reason why it can't be done..
It should be possible on crypto based gambling sites... maybe not on non-crypto based sites

Yes, the chance for the tether to be accepted in the gambling website is wide open as the other coins because tether is designed for the cryptocurrency and I think tether can be as another option for the gambling site. Besides that, if people can have so many options to use any coins for playing gambling, that will help cryptocurrency to grow among them and I think many people will interest with the cryptocurrency especially for the gambler itself.

Ucy

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Compare rates on different exchanges & swap.

Quote from: diazepam666 on July 06, 2019, 01:42:33 PM

It will never happen unless and until USA government accepted cryptocurrency mode of payment as well as ICO and gambling investments.
One they started then we can find the new projects in gambling field with USDT.
Personally I didn't came across any gambling site using usdt deposit. Maybe we can find Bitcoin for ethereum everywhere...

Why not? It should be possible if tether is permissionless. I don't know much about this but I see no reason why it can't be done..
It should be possible on crypto based gambling sites... maybe not on non-crypto based sites

jademaxsuy

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Well again tether is one good crypto and does not even gets influence by bitcoin market price movement especially during the bitcoin bear market. I was so down remembering that time knowing I have invested and held btc. But, due to conatant bear market then I did not gold the btc. Now l, I have regrets why I was not able to participate hard training successions.

imstillthebest

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Quote from: tippytoes on July 06, 2019, 01:28:03 PM

Quote from: DarkDays on July 05, 2019, 05:19:01 PM

Just a word of advice, although USDT betting platforms sound fun, they often usually have extremely high withdrawal fees (5 USDT is not uncommon).

Because of this, depositing $100 will cost you $5 to deposit, and then another $5 to withdraw, so unless you're playing with large sums you're going to lose a chunk of your balance before you even start wagering.

It's often a good idea to convert USDT to something like Litecoin or Dogecoin, set your wagers, withdraw then reconvert since it is often cheaper.

This is the consequence of using USDT. The cut is bit high if you are a small-time player. Yes, better convert it to other altcoin like doge to incur small tx fees, either in depositing or withdrawal of your money. But for some who don't care about the fees but the convenience, they can always opt to stable coin of course.

@DarkDays , i thought depositing does not have fees but you only need to pay for the wallet to process your transaction . withdrawal is the one that a site will charge you not the deposit one . and if they have a 5usdt minimum withdraw , that is only 5 usd on the dollar rate and that is still small so its not really a big deal while other sites have a higher withdrawal than that , primedice for example .

@tippytoes , let say the stable coins have a high fee but atleast your funds are stable and wont fluctaute , you wont loose but on cryptos your capital/bankroll is not stable and you can even loose the value once the value of the coin drops .

Topic: Tether (USDT) supported gambling platform? - page 2. (Read 1195 times)