Best Tether Betting Sites for Canadian Players

What is Tether & Why Use it for Online Sports Betting?

USDT, or Tether, is a fast-growing cryptocurrency pegged to the U.S. dollar. Unlike other virtual currencies, Tether is a stablecoin whose value is tied closely to the U.S. dollar without extreme volatility. This stability is one of the several reasons the use of Tether in the sports betting industry is on the rise in several regions, including Canada.

If you’re indecisive about using Tether for online sports betting, you’ll be pleased to learn that this virtual currency is worth the hype. Below are several reasons to play at Tether sportsbooks in Canada.

Anonymity and Privacy

Tether sports betting sites provide greater anonymity since they do not require your financial information for deposits. This means there is no need for inputting cards or other payment details. 

With these gambling platforms, transactions don’t pass through third parties like banks, so you can keep your sports betting activities private. 

Lower Transaction Fees

Cryptocurrencies such as Tether typically have lower transaction fees than fiat currencies. However, certain transactions could attract high costs with traditional payment methods.

Security

With Tether rooted in blockchain technology, transactions are enhanced in security. Bookmakers supporting Tether also feature encryption security, reducing fraud and chargeback risk.

Better User Experience

User experience is an important consideration for every online punter. Thankfully, you get a smooth ride with a sportsbook that supports Tether. First, some of these platforms offer special promotions to bettors who fund their accounts via cryptocurrency. 

You also get to experience swift transactions with fast deposits and withdrawals. An increased withdrawal limit is another perk you get with Tether sports betting sites.

Global Accessibility

Tether transactions are not bound by geographical restrictions like fiat currencies, providing you with global accessibility. You don’t have to use a currency converter to place bets in your desired sportsbook. Going for a Tether sports betting site grants you easy deposits and withdrawals.

How to Buy and Deposit Tether in a Sportsbook?

As one new to the use of Tether, buying and depositing this currency in a bookmaker is relatively simple. While some online sportsbooks support the direct exchange of fiat currencies to Tether, others don’t. 

If you find yourself on one of such online gambling platforms, which is strictly crypto-based, you’d have to purchase the coins elsewhere. One such place to purchase Tether is a cryptocurrency exchange. 

In Canada, cryptocurrency exchanges are regulated as money service operations. So these providers are safe to use. 

Step One: Purchasing the Tether

• Pick a reputable exchange where you can buy Tether (USDT). Popular choices include Binance, Coinbase, and Kraken.
• Sign up on the exchange platform by creating an account with a strong password.
• Many exchanges require identity verification (like uploading an ID or proof of address) to comply with regulations. If required, follow the platform’s prompts to complete this process.
• Add money to your exchange account. Most exchanges accept bank transfers, credit/debit cards, or other methods, though fees and processing times may vary.
• Go to the trading section of the platform, find a USDT trading pair (e.g., USDT/USD), and place your order.
• Confirm the amount and complete the transaction to buy Tether, which will then appear in your account wallet.

Step Two: Depositing Tether in Your Sportsbook Account

• Sign up or log in to the Tether sports betting platform.
• Go to the deposit section, scroll through the options, and select Tether.
• Copy the sportsbook Tether address.
• Head back to your crypto exchange and select the send option.
• Paste the platform address, enter the amount of Tether you wish to deposit, and confirm the transaction.

Tether deposits usually take minutes to reflect. Once confirmed, they will appear in your sportsbook account.

How to Withdraw From a Tether Sportsbook?

Withdrawing from a Tether bookmaker is not much different from the process involved with the conventional version. Here’s a guide on how to get your winnings out of your Tether betting account.

• From the sports betting site, move to the Cashier section on your account dashboard.
• Select the withdrawal option and select Tether as your preferred method.
• Go to your crypto wallet, an exchange or a personal wallet, and copy your Tether address to receive the coins.
• Head back to the sportsbook and paste the address.
• Enter the amount of the coins you wish to withdraw.
• Confirm your withdrawal and submit the request.

Are There Any Fees for Depositing and Withdrawing With Tether?

Typically, Tether sportsbooks do not impose fixed payout fees. However, certain sites might deduct a small fee based on market conditions. Therefore, it’s important to review the exchange you’re using to be aware of any potential deductions.

Speed of Withdrawal at Tether Betting Sites

Withdrawals via Tether usually take minutes to a few hours, depending on the sportsbook. Once processed, you should see your virtual coins in your wallet almost instantly.

Popular Sports For Tether Betting in Canada

Sports betting sites with Tether payment option offer the same bet markets as regular sportsbooks. However, you get the added advantage of faster transactions and privacy. So you’ll find a wide range of sports coverage on these online platforms. 

From these extensive offerings, some categories stand out as popular choices among Canadian bettors due to their global fan base and multiple bet markets. So, if you’re new and wondering which sports categories to stake on, here are the top options to explore.

Ice Hockey 

As one of the most popular sports in Canada, it only makes sense to find several hockey events at Tether sports betting sites. This sport features fast-paced gameplay with thrilling action, so yes, you’d find the NHL, European leagues, and international competitions. Common bet markets for ice hockey include the puck lines, moneylines, and total goals.

Baseball

If you enjoy a more relaxed betting pace, you’ll get that with baseball. This sports category is one of the popular options at Tether sportsbooks for Canadian punters. With coverage of popular baseball events such as MLB, you can place multiple bets like moneylines, run totals, and player performance bets at these sportsbooks.

Cricket 

Canadian bettors can stake on a variety of cricket markets at a Tether sports betting platform. For international tournaments like the ICC World Cup and the Ashes, you also have multiple bet options, such as match winners, top batsman/bowler, total runs, and other exciting options.

Curling

Do you enjoy watching curling competitions and would love to take a stake in your favourites? You can, as curling betting is widely available in the best Tether betting sites in Canada. On these platforms, you’ll find markets such as match winners, total points, handicap betting, and end-by-end results for national and international competitions. 

Lacrosse 

Another sports event you can stake on at top Tether betting sites is lacrosse. With easy access to the betting market in leagues like the National Lacrosse League (NLL), the World Lacrosse Championship, and the Premier Lacrosse League (PLL), it’s no surprise that lacrosse is a popular choice among Canadian bettors. Common betting markets are match winners, total points, spread betting, and prop bets.

Soccer (Football)

With football, you’ve got numerous competitions to bet on, making it a popular option in bookmakers with the Tether payment option. Tether sports betting enthusiasts are in for extensive coverage of the Premier League, La Liga, and Champions League.

Interestingly, football also features a variety of markets, so there’s always something to bet on, from prop bets to point spreads, futures, and match winners.

eSports 

The eSports betting market is quite popular, especially among young Canadian bettors. As a result, you’ll find comprehensive coverage among sports betting options at Tether bookmakers. Major eSports categories include League of Legends, CS:GO, and Dota 2. For these events, you’d find markets such as the tournament winner, total kills, and match winners.

Types of Bonuses Offered at the Best Tether Betting Websites in Canada

Like regular bookmakers, bonuses are one feature you get to see a lot of at Tether betting platforms. These rewards come in different packages, offering diverse incentives. Some common options available to new and existing bettors at Canadian bookmakers are the following.

Welcome Bonus

The welcome offer is the first promotion you receive when signing up at a Tether betting website. This reward is often a deposit match up to a certain percentage, such as 100% up to a specific amount in Tether.

The bonus could be applied to a single deposit or spread across your first few deposits. One important feature of the welcome offer is that it provides you with extra funds to boost your initial bankroll, so it is worth claiming as a new user.

Reload Bonus

As an existing user of Tether betting, the fun doesn’t stop with the welcome bonus but extends to the deposit/reloads. This bonus rewards you for adding funds to your betting account. The reload offer could come with other freebies, like a free bet besides a deposit matchup. 

For example, in Tether casinos, reload bonuses could include packages such as free spins for specific casino games.

Enhanced Odds (Odds Boost)

When it comes to promotions, you’re sure to find several generous offers at betting sites with the Tether payment option. One such is boosted odds on selected events or matches. Although not available on all platforms, if you come across one, this special promo allows you to earn more for the same wager.

Free Bets

Some Tether betting sites offer free bets to users. This promo enables you to place wagers without risking your own money. However, like other bonuses on this list, they come with certain terms and conditions that must be met.

Cashback Offers

At Tether betting websites, you get to claim cashback bonuses. This involves returning a certain percentage of your losses over a set period. The cashback reward helps soften the blow of a losing streak and can come in handy.

Refer-a-Friend Bonus

The refer-a-friend bonus is one of the best rewards you’ll receive at a Tether betting site. To take advantage of this bonus, you need to sign up with a Tether sportsbook that provides referral bonuses for friends. So, once you send your unique link to them and they register and deposit in their new account, you’ll receive a certain percentage of their reward. 

VIP/Loyalty Reward 

The best Tether betting sites reward loyal and consistent users. With features like the VIP or loyalty program in place, you get to accumulate points for bets placed and sometimes climb high in rank among other players. Punters who make it to the program often enjoy exclusive rewards such as cash bonuses, free bets, and other perks.

Best Tether Betting Welcome Bonus Offers

Compared to traditional sportsbooks, it is clear that Tether betting bonuses hold a higher value due to their cost of processing. This means you’ll enjoy lucrative welcome bonuses without the fear of volatility whenever you sign up with a Tether betting site. Below is a quick rundown of some of the best USDT welcome bonus offers:

Tether Betting Alternatives

Cryptocurrency in the sports betting industry is here to stay, so besides Tether, there are many other betting alternatives. These options are a combination of both stablecoins and regulars. Here are some popular options you’d find in Canadian crypto betting sites.

USD Coin (USDC)

USD Coin is an excellent alternative to Tether and has quite similar features. It is one of the most trusted stablecoins and is backed by the U.S. dollar. USDC is regulated and transparent, so with this option, you get a secure choice like Tether.

Binance USD (BUSD)

Another coin pegged by the U.S. dollars like Tether is the Binance USD. This alternate coin is widely used on both Binance and other platforms. Due to its reliability and stability, BUSD is another popular option, as is Tether. 

Dai (DAI)

Unlike other stablecoins, DAI is decentralized and backed by a mix of cryptocurrencies through the MakerDAO system. Dai provides an equally rewarding online betting experience as you’d get using the Tether Coin.

Litecoin (LTC)

For faster and cheaper transactions, Litecoin is a better alternative. If you prefer quicker deposits and withdrawals without high fees, then LTC fits that description. Thankfully, this is another option popular among Tether betting sister sites.

Ripple (XRP)

While transaction speeds are fast, you get a super-fast option with Ripple alongside minimal fees. So, XRP is a convenient and friendly option for sports bettors seeking an alternative to Tether.

Conclusion

Tether is a pretty solid option for betting nowadays, as it offers a rich blend of speed, security, and stability—features that appeal to bettors. Deposits and withdrawals via this medium are supported by blockchain technology, meaning the extra security provides extra protection to your transactions.

So, if you’re a sports betting enthusiast, switching to Tether definitely has its advantages. Thankfully, to make your decision easy, we’ve thoroughly reviewed potential betting sites, providing the best options for you to try out. So browse through our lists and make your pick from the best Tether betting sites.