Tether operates as an asset-backed cryptocurrency, making it a stablecoin. We’ve got more insight into the digital currency a bit later, but in this guide, we want to highlight the best Tether betting sites for Philippines gamblers. We will provide you with a detailed insight into these Tether sportsbooks and offer some assistance with using Tether at these sites. There is also a few helpful hints in our Tether betting advice and we’ll look at how Tether betting works in general.
- 1 Best Crypto Betting Sites List for 2022
- 2 List of the Best 10 Tether Betting Sites in the Philippines
- 3 Top 5 Sites for Tether Betting in Review
- 3.1 1. BC.Game Tether Betting Review – Ideal for a Range of Cryptocurrencies (180% Bonus Up to 20,000 BCD)
- 3.2 2. BK8 Tether Betting Platform – Featuring a Selection of Crypto Rewards (1% Crypto Bonus on Accumulated Deposit Amount of at Least ₱41,200 Every Week)
- 3.3 3. 20Bet Tether Betting Site – Offering Manageable Wagering Requirements (100% Bonus Up to ₱5,780)
- 3.4 4. Cloudbet Tether Betting in the Philippines – Offering Speedy Payouts (100% Bonus Up to 5 BTC)
- 3.5 5. Fortune Jack Betting Site – Incorporating an Ideal Tether Deposit Bonus (4 Deposit Welcome Pack of 6 BTC Bonus or Unlimited 20% Cashback)
- 4 How Tether Betting Works
- 5 Best Tether Sports Betting Sites by Category
- 6 Best Tether Betting in the Philippines Sites Compared
- 7 Most Popular Sports for Online Betting in the Philippines
- 8 Best Tether Betting App Review
- 9 Top New Tether Betting Sites for the Philippines in 2022
- 10 Is Tether Betting Legit or is Tether Betting a Scam?
- 11 How We Select the Best Betting Sites in the Philippines
- 12 Best Tether Betting Offers in 2022
- 13 Top Tether Betting Tips – How to Win in Tether Betting in 2022
- 14 The Pros and Cons of Betting with Tether
- 15 Best Crypto Wallets for Gambling
- 16 How to Get Started with Tether Betting
- 17 Betting Deposits and Withdrawals Using Tether
- 18 Bottom Line on Best Tether Betting Sites in the Philippines
- 19 Tether Betting Sites in the Philippines FAQs
- 19.1 How can I win money on Tether betting?
- 19.2 Is Tether betting legit and legal in the Philippines?
- 19.3 Can I bet with Tether through a mobile app?
- 19.4 What are the best Tether betting offers in the Philippines?
- 19.5 How does Tether betting work?
- 19.6 What are the best Tether betting sites in the Philippines?
Best Crypto Betting Sites List for 2022
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List of the Best 10 Tether Betting Sites in the Philippines
In this Tether betting review, we wanted to make sure you know about the best platforms in the Philippines. That’s why we have put together a list of the top 10 sites offering Tether betting to Filipino gamblers. Have a look at these sites and one of their exciting features below.
- BC.Game – Supports a Massive Range of Cryptocurrency
- BK8 – Provides Various Cryptocurrency Rewards
- 20Bet – Low Wagering Requirements for Crypto Perks
- Cloudbet – Fast Tether Payout Protocol
- Fortune Jack – Featuring a Significant Tether Deposit Bonus
- KingBit Casino – Over 1,500 Crypto Games to Play
- Shangri La Live – Offering an Exciting Mobile Tether Gambling Site
- BitStarz – Free Crypto Deposits and Withdrawals
- BSpin – Providing Top-Quality Demo Modes for All Games
- mBit – Fantastic Crypto VIP Reward System
Top 5 Sites for Tether Betting in Review
For the best Tether betting in the Philippines, we recommend the sites noted above. Just so that you know what to look forward to, we have put together a Tether betting review of the top five sites included in that list. Have a look at the write-ups of each of these platforms and see if you can find the perfect Tether betting site(s) for you.
1. BC.Game Tether Betting Review – Ideal for a Range of Cryptocurrencies (180% Bonus Up to 20,000 BCD)
If you want a site that supports a multitude of cryptocurrencies, then you need not look any further than the BC.Game platform. This sportsbook offers a variety of digital currencies that players can deposit in, as well as Tether. Yet it’s not only the currencies you can deposit through that makes BC.Game one of the best to join. The sportsbook itself is very competitive, featuring exciting markets and odds for you to experience. It also provides a high level of security, thanks to the fact that it serves primarily as a cryptocurrency platform.
BC.Game also has a wonderful VIP program that you will become a part of when you start betting there. This comes with huge rewards to benefit all members, ensuring that the Tether betting offers remain high. The casino is added on to the sportsbook as a secondary experience, allowing you to enjoy a variety of thrilling games, too. When you also consider that the welcome offer spreads out across your first four deposits, this is one sportsbook not to miss out on.
What We Like:
- Support for Tether and multiple other cryptocurrencies
- Excellent VIP program
- Competitive markets and odds
- Ideal welcome package
- High level of security
What We Don’t:
- You cannot buy cryptocurrency through the site
2. BK8 Tether Betting Platform – Featuring a Selection of Crypto Rewards (1% Crypto Bonus on Accumulated Deposit Amount of at Least ₱41,200 Every Week)
There is a lot to like about this platform, including its range of special offers for Tether users. These cater to all crypto depositors, as it happens. BK8 also offers grade A odds for you to benefit from, and these are pretty much present across all sports. The site provides markets and odds on over 60,000 events every month, and there are no winning limitations in place, either. Thus, you can obtain as much as possible from betting on your favourite sports events all year round.
Live betting is avaiolable at BK8, and so is live streaming of various sports events. Fast withdrawals are in place, as BK8 ensures that it processes requests within a short timespan. If you ever need help, then there is a 24/7 customer support team on hand to communicate with. You can also experience a Tether betting app at this site, which is available for both iOS and Android. This way, you can bet while on the move.
What We Like:
- Top-quality odds on the best leagues
- Range of crypto promotions
- 24/7 customer support
- Mobile apps for Android and iOS
- Live betting and streaming
What We Don’t:
- No bet builder option available
3. 20Bet Tether Betting Site – Offering Manageable Wagering Requirements (100% Bonus Up to ₱5,780)
Over 1,000 live events are available every day for betting on at the 20Bet platform. And you’ll be able to get started with that by claiming the inviting welcome offer. One of the key factors that makes 20Bet so impressive is its dedication to achievable terms and conditions, including wagering requirements. Thus, the promotions on hand are always very appealing to claim for sports bettors. The site also offers over 150 markets in football, alternative handicaps in tennis and over 30 sports to bet on in total.
Live basketball betting is a popular option for many people at the 20Bet sportsbook, while full and partial cash outs are also available for in-play betting. There are downloadable mobile apps for Android and iOS devices, allowing you to bet on your favourites while out and about. In addition, the site has high winning limits in place, and the site is viewable in seven different languages. A 24/7 customer support team tops things off to ensure you always have access to help, should you need it.
What We Like:
- Excellent terms and conditions
- Great choice of sports markets
- Live betting available
- Cash outs and partial cash outs
- Mobile apps for Android and iOS
What We Don’t:
- Low withdrawal limits
4. Cloudbet Tether Betting in the Philippines – Offering Speedy Payouts (100% Bonus Up to 5 BTC)
Fast payouts are what Cloudbet excels at, regardless of the type of payment methods you are using. Of course, crypto transactions are faster by their very nature, but Tether withdrawals are processed quickly by the site. Large betting limits are also in place, so you won’t be so heavily restricted at Cloudbet when you’re wagering. Additionally, there is a customer support team available on a 24/7 basis, offering support to you when you need it.
The sportsbook is also mobile-friendly, allowing you to place bets whenever you want to and from any location. A generous welcome bonus of up to 5 BTC is in place as well, so you will receive a fantastic introduction to the sportsbook. What’s more, Cloudbet allows you to wager in test mode or free mode, should you wish to do so. The whole website has a fantastic layout for you to experience, too. This allows you to navigate from section to section with ease.
What We Like:
- Speedy withdrawal process in place
- Mobile-friendly sportsbook
- Generous welcome offer
- Round-the-clock support
- Large betting limits
What We Don’t:
- No Cloudbet mobile app
5. Fortune Jack Betting Site – Incorporating an Ideal Tether Deposit Bonus (4 Deposit Welcome Pack of 6 BTC Bonus or Unlimited 20% Cashback)
Fortune Jack is one of the most visually pleasing platforms, featuring both a sportsbook and casino to visit. It has a fantastic welcome offer for Tether users (and others) to claim, which provides bonus funds or cashback on your first four deposits. The platform is available worldwide and it offers more than 30 sports for you to access markets on. Over 35,000 pre-game events are on hand for wagering on per month, while more than 1,000 daily live events are also accessible.
Fast registration is on hand at Fortune Jack, ensuring you can get to depositing and placing bets as soon as possible. Over six cryptocurrencies are supported at the site, and high transactions limits are also in place. The top leagues come with 96%+ odds to benefit from, with options like cards and corners on football being available for wagering on. Full and auto cash out can be used, and 24/7 live chat support is usable. Direct crypto transactions add another appealing feature to this online sportsbook.
What We Like:
- Excellent crypto bonus
- Over 1,000 daily live events
- 96% odds on top leagues
- Fantastic website design
- Full and auto cash out
What We Don’t:
- Low odds on secondary leagues
How Tether Betting Works
Tether, which often gets referred to by its currency codes, USD₮, operates as an asset-backed cryptocurrency stablecoin. This makes it a little different to options like Bitcoin or Ethereum for example, as they are not backed by any asset at all. Launched in 2014 by the Tether Limited Inc. brand, it is owned by Hong Kong-based company iFinex Inc. today, which is also responsible for the Bitfinex exchange. Tether is described as a stablecoin because its original design would see it valued at $1.
Tether tokens are assets that move across the blockchain, just like other digital currencies. Yet instead of being unattached to anything, the tokens are pegged to real-world currencies on a 1-to-1 basis. This makes the currency a lot more stable than many other cryptos. Thus, it is less volatile, serving as a more ideal cryptocurrency for some traders and merchants. The funds are backed 100% by Tether’s reserves, and the company publishes a record of the current reserve assets.
To use Tether for betting, the process remains very similar to any other cryptocurrency. You have to follow various steps to acquire the cryptocurrency, which means utilising an online exchange. It isn’t difficult to do this, though. You then join one of the recommended best Tether betting sites, sign up for an account and deposit the funds. You can then place sports wagers with the money, and that’s how Tether betting works.
Take a look at this simple step-by-step guide to find out how to acquire Tether and utilise it at Tether sports betting sites.
- Visit an online cryptocurrency exchange and sign up.
- Select Tether as your preferred cryptocurrency to acquire.
- Enter an amount of fiat currency to exchange and proceed with the transaction.
- The Tether funds are added to a wallet for you to deposit at Tether sportsbooks.
Best Tether Sports Betting Sites by Category
Various sites for Tether betting in the Philippines exist online, and you can join these freely. The ones in our suggested list earlier on are the best Tether betting in the Philippines sites available. Let’s take a look at what each one excels in below. Maybe this way you can locate the one that works best for your betting needs.
|Best Overall Tether Betting Site: BC.Game||Ideal for Tether Betting Offers: Fortune Jack|
|Excellent for Tether Betting App: 20Bet||Best for Speedy Payouts: Cloudbet|
|Fantastic Betting Odds: BK8||Great New Tether Betting Site: BSpin|
|Best for Live Streaming: mBit||Perfect Reputation: BitStarz|
|Excellent Customer Support: KingBit Casino||Top Website Design: Shangri-La Live|
Best Tether Betting in the Philippines Sites Compared
You may wonder what the difference is between Tether betting and standard sports betting. On the surface, it may not seem like there are differences at all. And in certain cases, there isn’t anything different. Yet Tether betting in the Philippines is often a much better way to go about things than using fiat currency. For a start, the deposits and withdrawals are done in an anonymous way. This is because the sites don’t require any of your banking information for transactions. Thus, you are operating with a much more secure type of currency.
In addition, you can receive exciting Tether betting offers that outdo promotions for standard currencies. Not only that, but the speed at which you can deposit and withdraw is much faster than a lot of other payment methods. This is especially true when it comes to taking money out of your sports betting account, with many transactions completing instantly. Take a look at the comparison table below to see the difference between the suggested Tether sports betting sites.
|Sportsbook||No of Sports Available||Welcome Bonus||Cryptos Supported||Minimum Deposit|
|BC.Game||30||180% Bonus Up to 20,000 BCD||Bitcoin
|BK8||25||1% Crypto Bonus on Accumulated Deposit Amount of at Least ₱41,200 Every Week||Bitcoin
|20Bet||34||100% Bonus Up to ₱5,780||Bitcoin
|Cloudbet||28||100% Bonus Up to 5 BTC||Bitcoin
|Fortune Jack||25||4 Deposit Welcome Pack of 6 BTC Bonus or Unlimited 20% Cashback||Bitcoin
|Shangri-La Live||0||100% Bonus Up to ₱100,000||Bitcoin
|BitStarz||0||100% Bonus Up to 1 BTC + 180 Free Spins||Bitcoin
|BSpin||0||100% Bonus Up to 1,000,000 μBTC)||Bitcoin||0.0001 BTC|
|KingBit Casino||0||110% Bonus Up to 1 BTC||Litecoin
|mBit||0||75% Reload Bonus Up to 1 BTC + 75 Free Spins||Bitcoin
Most Popular Sports for Online Betting in the Philippines
If you choose to visit and join one of the best sites for Tether betting in the Philippines, then you will be able to experience some excellent sports markets. You’re not restricted on the sports that you can wager on as a bettor, either. All of the sports that are available to fiat currency depositors are available to crypto gamblers as well. Thus, if you like football, you can bet on football. If you like MMA, you can bet on MMA. Of course, this depends upon if the Tether betting platform offers the sports you like, in general.
Basketball is a popular sport for betting on in the Philippines. This is available at all of the recommended Tether sports betting sites in our collection, and the same is true of eSports betting. This has risen to become a highly popular type of sports wagering all over the world, allowing you to enjoy Tether betting on games. Soccer may be more of a preference for you, which serves as the most popular sport to wager on when Tether betting in the Philippines. And the same is true of betting on horse racing as well.
Basketball Tether Betting
The Philippines is known as a country that loves basketball, and it has embraced the sport. It is for this reason that it operates as one of the top sports for betting on, too. As a Tether user, you can place bets on the sport, with a multitude of leagues from around the world being available. Of course, the NBA is one such league in the USA, but other countries provide their own basketball divisions, too. A variety of markets can also be found attached to basketball betting, such as moneyline, handicap bets, and totals.
eSport Tether Betting
There are so many eSports available today for betting on that there is little wonder it has grown in popularity around the world. This is the case in the Philippines too, where you have the chance to wager on tournaments from the worlds of CS:GO, Dota 2, League of Legends, and more. Different markets are associated with different eSports as well, so you can find quite the variety on hand to experience. It is often the case that the odds on eSports markets will be very competitive in the Philippines, due to how popular betting on such is.
Soccer Tether Betting
Whenever you visit a Tether betting platform, you are likely to find soccer as one of the quick links. That’s because it is a very popular sport around the world, both for spectators and betting fans. This being the case, you will find a plethora of markets at all the sites with sportsbooks to experience. Those markets include options like outright winner, number of yellow cards handed out, correct score, both teams to score, and many more. Soccer betting, whether via Tether or any other currency, offers exciting and top-quality thrills.
Horse Racing Tether Betting
One area that some may not know is a popular sport is horse racing. While often known as a big sport in the United Kingdom, the USA and Ireland, it is also big in the Philippines. In fact, you can find Tether betting news that often features horse racing. That’s because so many race meetings take place throughout the year in various countries, that you will never be shy of something to bet on in this sphere. Our recommended sportsbooks come with horse racing sections for you to access and experience to the maximum.
Best Tether Betting App Review
It’s not all about betting on sports through a desktop sportsbook. In fact, there are Tether betting app download options at many of them, which allows you to install an icon on your mobile device home screen. This can then be tapped to achieve instant access to your favourite sportsbook from any location. If a site offers a Tether betting app, then it is usually available for both iOS and Android devices. The Tether betting app download is different so that it caters to each separate operating system, but it has the same features on both.
Through a Tether betting app, you can deposit, place bets on your favourite sports and events, and withdraw money from your account, too. It’s basically like having the desktop version of the site wherever you are. You use the same login details for the apps, and below we have the top 5 Tether betting app reviews for you to check out. This should help you decide on the Tether betting platform that works best for you as a mobile bettor.
Top New Tether Betting Sites for the Philippines in 2022
There are always new Tether betting sites coming to light, as the crypto gambling world continues to grow in popularity around the world. One of the best Tether betting tips to follow if you’re a bonus hunter is to join one of the new Tether betting sites. That’s because they tend to provide players with exciting, novel special offers as a way of drawing them in. These often outdo the sportsbooks that have been around for a longer time period.
New Tether betting sites also tend to have more betting opportunities for players to experience. And again, that’s due to them wanting to draw gamblers in to what they are offering. Don’t worry though – this is not a Tether betting scam or anything of the sort. It’s just the way that newer platforms operate. As long as the sports betting site that you join is regulated and secure, then the rewards will still come to you.
Take a look at the top three newest Tether betting sites below to experience something not long on the scene:
- KingCrab Casino – Featuring 20% daily cashback on sportsbook
- Jackbit – Providing excellent virtual sports alongside standard sports
- Canada777 – Exciting crypto welcome bonus
Is Tether Betting Legit or is Tether Betting a Scam?
It would be very common for someone who is unaware of Tether to ask the question: Is Tether betting legit? After all, it is a digital currency, which is a stablecoin, unlike many other cryptocurrencies. Therefore, being cautious over something new that is to do with finances is the right attitude to take. Yet you can trust in the sportsbooks that we recommend here. One of our Tether betting tips is to ensure you are joining a site that comes with a proper licence and regulations. All the sportsbooks we recommend come with such, meaning that they are not a Tether betting scam.
You do need to be careful though, because such rogue operators do exist out there. You always need to be on your guard and consider the security of a new sportsbook providing Tether deposits. We will only ever recommend tried and trusted betting sites to you, so you know what you’re accessing. Our Tether betting advice is to stick to such recommended platforms and don’t stray from the list of highlighted brands. Below are our top three trusted Tether betting sites for players based in the Philippines.
- BC Game – 180% Bonus Up to 20,000 BCD
- Fortune Jack – 4 Deposit Welcome Pack of 6 BTC Bonus or Unlimited 20% Cashback
- 20Bet – 100% Bonus Up to ₱5,780
How We Select the Best Betting Sites in the Philippines
We asked “is Tether betting legit” earlier on, and we highlighted that we only recommend trusted platforms. This remains true, but we also look for other features of a truly exceptional sportsbook for Filipino players. The platforms with the largest number of these features will always stand out over others as sites to recommend. Take a look at the criteria list we have to base our recommended list on below.
- Range of Sports – A sportsbook, whether a Tether site or not, should offer bettors a good range of sports to wager on. It shouldn’t just be popular sports like basketball and horse racing either, although those should still be incorporated. Rarer sports and associated markets should also be included for you to view and bet on. The range of sports on hand can often make or break a Tether betting site, and the platforms we recommend with sports betting feature a great number of sports.
- Tether Betting Offers – It is also key for an ideal online sportsbook to come with exciting special offers. These should be provided to you from the moment you deposit (and potentially before this) onwards. Regular bettors need rewards just as much as newcomers, after all. Bonuses that match your deposit, cashback perks and other promotions should be on hand for you to claim and benefit from.
- Quality of Betting Markets – Some people may ask how to win in Tether betting, and it is always an ideal response that it relates to the markets you’re betting on. This is why a good range of top-quality sports markets are necessary at recommended sportsbooks. Different markets apply to different sports, but that doesn’t mean one should be flush with markets and the others not. A good range of betting markets should be accessible for each different sport on offer.
- Level of the Odds – The betting odds on the market(s) you’re looking at wagering on also need to be appropriate. Most sportsbooks want to remain competitive with the overall market, because if they aren’t, then people will just go elsewhere to bet. This is why our recommended sportsbooks have been thoroughly reviewed and the odds are 100% competitive across the board. That’s not to say you can’t find some great prices at the sites, because the odds will likely change at different times. Yet they will always remain competitive for your benefit.
- Mobile Capability – Everyone wants to get involved in mobile betting today, and that’s because it is highly convenient. A simple tap on a button or a quick navigation to a mobile version of a site allows you to wager anywhere. Thus, a mobile app or website needs to be as responsive as a desktop sportsbook option. This way, you won’t have any delays in placing your bets and you won’t have to worry about whether your deposit will go through or not.
Best Tether Betting Offers in 2022
When you join a Tether betting site, you can also look forward to receiving some special offers. These are available to you from the moment you sign up and deposit, and sometimes before you make your first transaction. No deposit bonuses of that nature aren’t so common, but they do exist at some sites. It is more common for you to be able to receive a reward after depositing, with welcome offers catering to newcomers. They are available in different forms, although match bonuses are popular in the Philippines.
You may also get to experience a reward of cashback at some sites. This is a great option for many people, as cashback comes without wagering requirements to complete. Tether betting offers can often be a lot better than a standard offer for anyone depositing through fiat currency with a traditional payment method. You can see further information on the different betting offers available for Tether bettors below.
A match bonus will add a bonus to your account which echoes the deposit you make. This can often go beyond that point, though. It is not uncommon for some sportsbooks to provide 150% or 200% match bonuses, which add even more funds to your account after depositing. A match bonus is often provided to newcomers, giving a boost to things in the beginning. It’s one of the most common rewards available to players, but it is appropriate to read the terms and conditions before claiming such.
One of the more sought-after rewards is cashback, and not a huge number of sportsbooks provide it. Yet it can be very much something that people want to receive, due to the fact that wagering requirements are not attached to cashback. Such a reward usually takes your net losses for the day or week and then provides a percentage of it back to you to utilise as you wish or to withdraw when you want.
No Deposit Reward
There are a few online sportsbooks that will reward Tether gamblers with no deposit perks. Such rewards exist as bonus funds, which are granted to you once you complete your registration. A no deposit reward can often help with how to win in Tether betting, because you get an insight into how the sportsbook works prior to depositing your own money. You can utilise the funds to check things out and see if the platform is ideal enough for your preferences.
The top five Tether bonus offers you can obtain when gambling are:
- Fortune Jack – 4 Deposit Welcome Pack of 6 BTC Bonus or Unlimited 20% Cashback
- Cloudbet – 100% Bonus Up to 5 BTC
- BC Game – 180% Bonus Up to 20,000 BCD
- BK8 – 1% Crypto Bonus on Accumulated Deposit Amount of at Least ₱41,200 Every Week
- 20Bet – 100% Bonus Up to ₱5,780
Top Tether Betting Tips – How to Win in Tether Betting in 2022
It is common for sports bettor to utilise certain hints and tips when it comes to wagering. And this is true regardless of the method they have deposited through. If you’re new to this digital currency though, it may be ideal to take note of some Tether betting tips. These can be incorporated into a proper Tether betting strategy, allowing you to try and get a hand up on the sportsbook. Take a look at these hints and try to incorporate them into your own Tether betting strategy.
- Utilise Hints and Tipster Notes – It is not difficult to find online tipsters and Tether betting news. This allows you to look at the sports betting options that are most likely to be winners. Of course, nothing can be guaranteed, but Tether betting news of this nature can give you great insights from some top professional bettors. Just make sure you do your own research as well.
- Manage Your Bankroll – We always recommend putting some of your finances to one side for betting and using this as your bankroll. This should always be an amount that you can afford to lose, and you should never go beyond that set bankroll. Managing your money in this way ensures you have an appropriate amount to enjoy gambling with and that it won’t affect your daily monetary needs.
- Record Your Progress – It’s good to make a record of everything you wager, and whenever you win and lose. Try noting it down in a notebook or even in a spreadsheet on your computer. This way, you can keep track of the amounts you have wagered, what markets you have placed stakes on, when you win and lose, the amounts you receive in profit and so on. Through such record-keeping, you can try and rectify the occasions when you lose.
- Keep on Top of Your Emotions – Sports betting when you are in a bad mood is never a good option. On the same level though, being overly happy isn’t great, either. Too much confidence from a couple of wins can make you bet recklessly. Make sure you remain calm whether you win or lose so that you can make steady and informed decisions on the markets and odds you’re betting on.
- Do the Proper Research – Tether betting is just the same as any other type of sports betting. You need to conduct proper research into the events you’re wagering on. Look at the teams’ past forms, which players are partaking in a match, and so on. With this research, you can compare it with the aforementioned tipster insights, and this should lead to much more informed decisions on sports Tether betting games.
The Pros and Cons of Betting with Tether
Betting with Tether, as is the case with cryptocurrency betting in general, has its various pros and cons. You need to consider these advantages, but also the disadvantages to using Tether for sports betting activity. Have a look at the pros and cons relating to this digital currency below.
Pros of Betting with Tether:
- Fast and effective payments
- Provably fair Tether gambling
- Anonymous transactions to protect your data
- Low fees – often times, no charges exist at all
- High level of security
- Cryptocurrency-specific promotions
Cons of Betting with Tether:
- Limited number of sportsbooks supporting digital currencies
Best Crypto Wallets for Gambling
When you acquire your Tether currency, you need to store it in a wallet. Initially, it will go to the web wallet that the exchange provides to you. We always recommend transferring the funds out of this wallet and into something more secure, though. Have a look at the different crypto wallets that Tether can be stored in for deposits and withdrawals below.
- Web Wallets – When you visit an online exchange, such as Binance, you will exchange your fiat currency for Tether. Once you do this, the funds will be stored in the web wallet attached to the exchange. We always recommend that you transfer the digital currency out of this wallet and into something more secure.
- Hardware Wallets – If you think of an external hard drive, this can be disconnected from your computer at any time. You add whatever you want to it and then unplug it. You can plug it back in to the computer whenever you require. A hardware wallet is exactly the same. This is a cold wallet, because it does not need to constantly have a connection to the online world. You connect it to transfer funds and then disconnect it. It is therefore one of the most secure wallet options to utilise.
- Paper Wallets – A paper wallet is a physically printed QR code that you can scan with a mobile device. It also has an address printed to use as an alternative. Again, this is a cold wallet, making it quite secure. However, if you lose the printout, then you lose your money. Furthermore, you cannot spend partial funds from these wallets, so you need to deposit everything in a paper wallet at once.
- Desktop Wallet – You can install software packs onto your computer, which serve as desktop wallets. These appear as icons on your home screen, which you can double click to open at any time. They are quite convenient this way but are also constantly connected to the online world while you are using your computer. These hot wallets are therefore less secure than the other two options mentioned above.
- Mobile Wallet – Working in a similar way to the desktop wallet, mobile wallets are installed instead on your mobile device. You then add the digital currency to your mobile wallet and carry it around with you on your handset. They are suitable for daily operations but can be quite vulnerable to malware infection as well. It is another hot wallet, so it is vital to encrypt mobile wallets.
How to Get Started with Tether Betting
If you’re looking to get started with betting via Tether, then you may want to know the best way of doing this. That’s why we have put together a simple guide for you to follow below. These few steps will provide you with a look at signing up and depositing via Tether at Cloudbet. The process is much the same regardless of where you register to bet at, though.
Step One – Sign Up for an Account
Your first task is to sign up for an account at your chosen online sportsbook. Different sites will have slightly differenty processes in place for this, with some requiring more information from you than others. The process shouldn’t take you longer than a couple of minutes regardless of where you register at, though.
Step Two – Make a Tether Deposit
With your account at your sportsbook opened, you can visit the cashier straight away. There, you need to choose Tether as your preferred payment method and select the network that it will be transferred through. The deposit wallet address will then be displayed for you to copy and paste into the ‘Send’ section of your Tether wallet. You can then enter the amount to deposit and transfer it across.
Step Three – Place Your Sports Bets
Now that your money is in your sportsbook account, you can visit the sports betting lobby. There, you need to select your preferred sport and market. Enter an amount to stake on that market after checking the odds and you can hit the ‘Place Bet’ button to secure it.
Betting Deposits and Withdrawals Using Tether
As noted, you will need to come into possession of Tether before you can use it for depositing and withdrawing. This requires you to visit an online currency exchange site. There, you will exchange your Philippine pesos for Tether tokens. Various exchanges can be found online for you to do this through, and the exchange rate will be displayed for you before you proceed with the transaction. Tether tokens are then added to the exchange’s web wallet, so you can instantly transfer them out into your own chosen secure wallet.
From there, you need to be signed up to the online sportsbook of your choice where you can deposit the Tether funds at. Sometimes, the site will convert the funds into BTC or even Philippine pesos for you to bet in. Yet, you can withdraw winnings and the site will convert them back into Tether tokens for you.
The great part about depositing and withdrawing via Tether is the speed at which these transactions take place. Deposits are often instant regardless of the payment method, of course. But withdrawals can frequently take a lot longer. That’s not the case with Tether, as it is processed via the blockchain. Thus, you can often get your funds in an instant when you withdraw.
Bottom Line on Best Tether Betting Sites in the Philippines
Through this guide, we hope to have provided you with all the information you need for Tether betting. There are several online sportsbooks supporting the cryptocurrency, so you will be able to join the best of the best as a Philippines player. Have a look at our reviews of the sites and then you can proceed with signing up for an account. We wish you a great time with your Tether sports betting.
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Tether Betting Sites in the Philippines FAQs
How can I win money on Tether betting?
Tether betting operates in the same way as betting with standard currency. So, you can win by betting on a successful market. Just be sure to place responsible bets, rather than try your hand at gaining as much money as possible.
Is Tether betting legit and legal in the Philippines?
Online gambling in the Philippines is a bit of a grey area, regardless of the currency you’re using for it. Betting sites cannot be hosted in the country by law, so bettors need to join offshore sportsbooks to gamble. These sites do not fall under Philippine law, and if they accept Tether deposits, then they are legit and legal as long as they operate fairly and securely.
Can I bet with Tether through a mobile app?
Yes, you can. Several of the recommended sites in our list come with their own mobile betting apps for you to download. These cater to iOS and Android devices, allowing you to Tether bet from any location.
What are the best Tether betting offers in the Philippines?
Different sportsbooks provide different betting offers for you to claim and benefit from. These include match bonuses, welcome rewards, VIP programs, cashback perks and so on. Take a look at the reviews of our recommended Tether sportsbooks to find an offer that suits you.
How does Tether betting work?
Tether betting requires you to visit an online exchange to purchase the cryptocurrency. You can then deposit it at your preferred sportsbook in the same way as you would any other digital currency. This allows you to place wagers and if you win, you can withdraw the funds in the standard way.
What are the best Tether betting sites in the Philippines?
A number of top-quality sites exist for Tether betting purposes. They include platforms like BC.Game, Cloudbet, BK8, Fortune Jack and others.