Tether (USDT) Deposits

Bovada Casino already accepts cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It's adding one more to the equation, though, with Tether (USDT). Like Bitcoin and Ethereum, Tether is one of the most-popular cryptocurrencies and now gives you another deposit option. You can learn more about Bovada's Tether deposits, including USDT basics, benefits, and steps for using it.

What Is Tether

Tether is a stablecoin that's common on many cryptocurrency trading platforms. The stablecoin aspect refers to how USDT pegs to the US dollar at a 1:1 ratio. Therefore, Tether can take the place of dollars for deposits at Bovada Casino.

USDT doesn't come with the fluctuations of most cryptocurrencies. Instead, it typically stays right around its $1 pegged value. If Tether does fluctuate, it's usually only by a couple cents here or there (i.e., $0.98 or $1.02).

Issued by Tether Limited, USDT currently has the third-highest market cap of cryptocurrencies at $67.5 billion. That said, it has lots of users and makes for a nice fit at Bovada.

Advantages of Bovada Tether Deposits

If you're comfortable using Bitcoin or another cryptocurrency, you might wonder if it's worth switching to USDT. Some of the reasons why you may want to consider depositing with Tether include:

Low fees - Tether requires modest fees to use at Bovada Casino and elsewhere. Credit cards and e-wallets, in contrast, can take 3% or more out of transactions.

Stable value - You don't have to worry about USDT fluctuating wildly from one day to the next and affecting your bankroll. Instead, it stays right around a dollar and keeps your bankroll level in the process too.

Secure transactions - USDT operates through blockchain technology and, thus, is available to the public. It's also highly secure thanks to its blockchain properties.

How to Deposit Tether at Bovada Casino

You'll enjoy a smooth and easy deposit process when using Tether at this online casino. To get started, you simply visit Bovada's banking section and choose the USDT option. From here, you'll select Tether and enter how much you'd like to deposit.

Of course, you'll need Tether before funding your Bovada Casino account. Most cryptocurrency exchanges offer helpful videos and/or articles on purchasing and using USDT and crypto in general. You can also find numerous YouTube videos that cover the basics of cryptocurrencies as well.

Should You Use USDT Over Other Bovada Cryptocurrency Options?

We're not saying that Tether is inherently better than Bovada's crypto banking options. After all, Bitcoin, Ethereum, and Litecoin have plenty of fans. However, you might want to at least consider USDT due to its multiple advantages. This cryptocurrency offers a great blend of stability, low fees, and security. You can make deposits with confidence and not pay much in fees when making transactions. Furthermore, you'll also enjoy speedy transactions that complete much faster than most banking methods.

What If You Don't Know Anything About Crypto?

Should you avoid USDT and other coins if you don't understand cryptocurrencies? The choice is up to you, but you'll likely catch on quickly with little effort involved. You can visit an exchange like KuCoin or Binance (Binance.US for Americans) and purchase Tether. Afterward, you go to Bovada, visit the cashier section, and choose the USDT option. Everything should be self-explanatory from here if you already have Tether.