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WE ACCEPTS NOW TETHER USDT ON FOUR NETWORKS

As one of the top crypto-friendly casinos, we are proud to announce that we now accept Tether (USDT) on a total of four blockchains. Whereas we had always accepted it on Ethereum (ERC20), we now accept it on Tron, Binance Smart Chain, and Binance Chain.

From now, you will be able to choose which blockchain you want to send Tether on, using the ERC20, TRC20, BEP20, and BEP2 protocols to send USDT to our casino.

More About the Four Blockchains and Protocols

Here’s a quick breakdown of the four blockchains we now accept Tether on and how they work.

Ethereum

Ethereum is the original blockchain Tether issued funds on. USDT was first issued on Ethereum in 2015, and since then, it has grown into a $70 billion+ asset.

When you want to send Tether to Casinobit.io on Ethereum, make sure you choose the ERC20 address option. Beware of Ethereum gas fees as these fluctuate depending on demand. The settlement will occur in a few minutes if you choose the fast option. However, because of gas fees, ERC20 is most recommended for players with larger bankrolls.

Tron

Tron is a proof-of-stake Ethereum competitor and was launched by Justin Sun. The mainnet went live in 2018, and it has proved to be a popular alternative to Ethereum due to its extremely low fees and fast transaction times.

If you want to send USDT to us on Tron, pick the TRC20 address. The fee will be under a penny and the settlement time will be under a minute. Tron may be the best option for players with smaller bankrolls.

Binance Smart Chain

Binance Smart Chain is another Ethereum competitor and was launched by Changpeng Zhao and company several years ago. While critics complain about centralization, BSC is among the fastest and cheapest blockchains to use online.

To send Tether on the Binance Smart Chain, you’ll want to use a BEP20 address. You’ll notice that settlement occurs basically instantly and the fee will be around $0.50 or less.

Binance Chain

Binance Chain is the original chain launched by Binance. It has interoperability with the Binance Smart Chain, although, for the sake of simplicity, it's not wise to send funds from one chain to another. Like BSC, it’s super fast and cheap to transact on this blockchain.

Expect fees of under $1 and settlement times of under a minute. Use a BEP2 address when using the Binance Chain to send USDT to Casinobit.io.

Why Do We Offer Tether on Four Blockchains?

Before introducing this new networks to our crypto casino, we always offered USDT on Ethereum. It was the first stable coin we offered players and has proven to be popular.

However, we wanted to give our players cheaper, faster options. As an analysis of the fees and settlement times shows, there’s no denying that Tron, Binance Smart Chain, and Binance Chain are all cheaper and faster to transact on than Ethereum.

Double Check Before Sending Tether

If you have USDT in your Ethereum wallet, never try to send them to TRC20, BEP20, or BEP2 addresses. This can lead to irrevocable loss as cryptos operate like cash. Likewise, players should never attempt to send tokens between blockchains; always stick with the same protocol, and if you wish to change, make sure to use a cryptocurrency exchange to get the right Tether tokens first.

How to Deposit Tether to Casinobit.io

Players who have never used Tether USDT before may be attracted to it for its stability, low fees, and fast transaction times on some blockchains. Here’s a quick rundown on how to use it at Casinobit.io.

1. Purchase USDT from a cryptocurrency exchange such as Binance or Coinbase. These will appear in your Tether wallet.

2. Log into your Casinobit.io account, go to the deposit page and choose Tether in the tab of payment methods.

3. Choose the network of your choice, then copy the Tether wallet address.

4. Go to your wallet provider (like Binance, Coinbase etc…) then paste the Tether wallet address from Casinobit.io to your wallet provider into Withdraw section.

5. Confirm the transaction. This may involve two-factor authentication or confirming with an SMS code.

6. Wait for the USDT (Tether) to arrive in your Casinobit account and start playing your favorite casino games instantly.


Casiobit.io Leads the Way in Cryptocurrency Adoption

When it comes to accepting new cryptocurrencies and altcoins, Casiniobit.io aims to lead the way and facilitate adoption early. This is the main reason we’ve chosen to offer USDT on four blockchains. As it becomes available on other chains, we may decide to offer it on them, too.

For a full breakdown and comparison of fees, transaction times, and more, see our payment methods section in your casino account. Alternatively, check third-party sources like Bitinfo Charts for the latest information on fees and transaction times to decide which chain is the best to use.
 

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