Best Tether Sports Betting Sites in Canada

Betting websites that persist with fiat currency usage have a problem; Tether betting sites are now widely available.

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The big upsides linked to crypto use mean more Canadians are interested in its use than ever.

Nonetheless, the USDT betting site industry brings fraudulent brands to the table as well.

This comprehensive article enables you to see the best USDT sports betting platforms in 2022 at a glance.

It also looks into:

  • USDT betting site aspects to focus on when making your selection

  • The pros and cons of these sites

  • A quick look at four of the most frequently used cryptocurrencies on sports betting sites.

  • Canada’s legislation on digital currency and gambling

Are you ready?

Betonline, Sportbet.one, Sportsbetting.Ag, CoinRoyale Casino and Casobet are 2022’s hottest Tether betting sites in Canada.

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Here’s Why You Should Select Tether Betting Sites

Tether betting websites are hot commodities, but not everyone is sure if the hype is appropriate.

Ultimately, they ARE better than conventional betting sites and are likely the future.

Let’s check out a few arguments in their favor.

Protect your privacy

Even though betting website usage is popular, society still looks down upon this pastime.

Financial institutions, for example, dislike the practice of betting on these sites.

They like it when you fund your hobby with fiat, as it is easy for them to trace.

Indeed, they are known for refusing loans to customers who use sports betting websites.

With Tether, you get the anonymity you crave.

Financial institutions have no involvement in digital currency transactions.

Consequently, you keep banks out of the loop and can use a betting website with no chance of them catching you.

Crypto is the present; fiat is the past

There are dozens of problems with fiat currency, primarily because it is outdated.

Central banks worldwide continue to print paper money, which decreases its worth.

As a result, the fiat stored in your account will inevitably reduce in value over time.

As Adam Smith once wrote: “The problem with fiat money is that it rewards the minority that can handle money but fools the generation that has worked and saved money.”

In contrast, the most popular cryptocurrencies are in a growth phase, so they are likely to increase in value.

This means the value of the Tether you win on a sports betting site could rise over time.

USDT is the future; fiat currency belongs in a museum.

Better safety

Those who oppose digital currencies outline the problems with theft and computer hacking.

Yet, most lawbreaking occurs on the digital asset exchanges.

USDT betting sites, on the other hand, usually provide a haven for users.

All Tether transactions are protected by a network that verifies them while also offering encryption security.

In addition, it is extremely difficult to decode a transfer’s private key due to its length and complexity.

Most digital currency experts suggest Tether is safer than using a credit card.

Exceptional user experience

Overall, the many benefits offered by Tether betting sites result in a better user experience than with standard betting sites.

Here are a few other advantages that lead to a superior UX:

  • Rapid transaction times so you’re not waiting to fund your account

  • Lower transaction fees

  • Additional bonuses when wagering with Tether

  • Up to date web design

  • Increased limits on deposits and withdrawals

  • A smaller chance of having your account closed for winning

As a gambler, you won’t regret switching to USDT betting sites.

A quick rundown of four major cryptocurrencies

These days, there are probably 13,000 crypto assets available, and the number continues to rise.

Even so, don’t expect any sports betting site to offer too many options.

Keep reading to learn more about four of the most popular digital assets accepted on betting sites that use crypto.

Tether

Tether is a large cryptocurrency option, established in 2017.

It is a typical stablecoin with notable reserves and a well-known deposit solution on betting sites.

Tether follows the value of US dollars without having major fluctuations.

Being the third major cryptocurrency network, Tether comes with a market cap of around $83 billion.

It is run by iFinex, a well-known company from Hong Kong and the owner of the BitFinex exchange.

Bitcoin

An unknown collective or individual named ‘Satoshi Nakamoto’ created Bitcoin, the first crypto asset, in January 2009.

It is the most valuable coin, having exceeded the trillion-dollar market cap mark.

The popularity and worth of Bitcoin mean that crypto sports betting sites welcome its use.

However, its enormous value means you’ll have to pay a significant amount of money to buy a decent amount of BTC.

On the plus side, the Bitcoin network is incredibly secure and has never been successfully hacked.

Dogecoin

Dogecoin was created as a prank by Billy Markus and Jackson Palmer in December 2013.

It is known for the image of the Shiba Inu dog that features on its logo.

With fans such as Tesla’s founder, Elon Musk, this crypto asset has a potentially bright future.

If you use DOGE on a betting website, you’ll enjoy the quick transaction times and high level of security it provides.

However, there is a danger of inflation since Dogecoin has no supply limit, and not many sites accept it at present.

Ethereum

Known as the silver to Bitcoin’s gold, Ethereum remains the #2 most valuable cryptocurrency.

Created by Gavin Wood and Vitalik Buterin and released in July 2015, ETH has experienced a rapid increase in value as its benefits become clear.

With a transaction time of 12 seconds, Ethereum is one of the best options for rapid deposits and withdrawals.

Some crypto experts believe ETH could one day surpass Bitcoin as the number one currency, so you have to decide if it is worth buying now.

How To Find The Best Tether Betting Sites In 2022

As a Canadian, you are spoiled for choice when it comes to Tether sports betting websites.

Rather than picking the first one you see, however, be patient.

Selecting the wrong one for your needs could impact your user experience.

Fortunately for you, here’s an overview of the criteria to consider when searching for a suitable site.

Reputation

Perhaps the single most important aspect of finding a high-quality Tether sports betting platform involves investigating its reputation.

If you deposit money into a dodgy Tether sports betting platform and it withholds your funds, there is nothing you can do about it.

The non-reversible nature of digital currency transactions means there is no central authority to take action on your behalf.

We advise you to look through our reviews to discover the legitimacy of USDT betting websites.

Ultimately, you need to know that the USDT betting site in question:

  • Is trustworthy

  • Enables you to get hold of your money easily

  • Has customer support worth mentioning

Transactions

With USDT, there is little waiting around for a transaction to go through.

Nonetheless, some Tether sports betting sites are slower to process payments than others and have other constraints.

Here are three questions to ask regarding Tether sports betting site transactions:

  • Does the site have lightning-quick deposits & withdrawals?

  • What cryptocurrencies does it accept? (Options include LTC, BTC, DOGE, and ETH)

  • What are the limits on withdrawals and deposits?

Looking for the best Tether Betting Sites? Read our guide

It is simple to get information about Tether sports betting sites online.

The problem is that much of this content contains factual errors.

Ultimately, it boils down to sites not having the desire to do the work.

We like to do things right, which is why we thoroughly examine sports betting websites.

We play each site for as long as it takes to offer a full picture for our readers.

However, it is worth it to provide what we believe are the best reviews in the industry.

While you will find hundreds of sports betting site reviews by our team, we’re only getting started!

Variety & quality of what's on offer

If a betting site doesn’t have enough options to keep you entertained, you’re not likely to persevere with it.

USDT sports betting sites can have a ton of worthwhile qualities, but without plenty of variation, you’ll quickly leave.

Consequently, go through a site thoroughly to ensure there’s plenty of things to generate your interest and keep it.

Also, pay attention to the overall quality of what’s available.

Even if there are many options, generic games and sports markets soon lose their appeal.

Furthermore, focus on sites that provide the best odds and huge jackpots to get value for your Tether.

Bonuses & Other Benefits

It is standard for betting sites to provide bonuses to ‘reward’ users.

Here are a few of the bonuses you can expect to find:

  • Welcome bonus

  • Rewards for the use of USDT

  • VIP bonuses

  • No deposit bonuses

  • Reload bonuses

Before you proceed, make sure you check out the T’s and C’s of each bonus.

They usually seem generous but often have strings attached.

For example, you may have to wager through your initial deposit dozens of times to withdraw the bonus.

Customer service

Top-rated sites also take the needs of their customers extremely seriously.

It doesn’t matter if you have tons of options and can quickly withdraw and deposit Tether.

If the Tether betting website you choose doesn’t have your back when there’s a problem, it is not worth your time.

A sports betting website with poor customer support can quickly cause frustration and anger.

On the contrary, Tether sports betting sites dedicated to high-quality customer service are usually highly rated.

Such companies help solve issues efficiently, so you can enjoy the site.

Why Sports Lovers Should Choose Tether Betting Sites

Tether sports betting companies are a relatively new creation and are already threatening the power of conventional bookmakers.

These new sports betting websites offer everything their fiat accepting rivals do and a lot more.

What do these sites offer in terms of sports and markets?

Conventional sports betting websites no longer have the edge over Tether sports betting sites regarding available sports.

Your needs are covered whether you’re interested in soccer, NFL, ice hockey, or basketball.

Moreover, many of these companies provide an even greater range of markets than many popular ‘soft’ bookmakers.

Serious bettors prefer to avoid ‘soft’ bookmakers due to poor odds compared to their ‘sharp’ counterparts.

In any case, you might find a better range of long odds markets on Tether sports betting sites.

The above is a must if you’re happy to take risks in return for a large possible profit.

e-sports

Tether betting sites now allow you to bet crypto on e-sports, which are every bit as competitive as traditional sports.

Video gaming superstars from around the globe engage in various tournaments with major cash prizes up for grabs.

If you’re interested in eSoccer, Apex, and SCII markets, a majority of Tether betting sites have you covered.

Those who win money from eSports understand the need to gather and analyze huge data sets.

However, if you have the knowledge, USDT sports betting platforms offer you the chance to earn a profit.

Fewer restrictions & value odds

Bettors who win regularly are often left frustrated because soft sports betting sites close their accounts or reduce their bets.

Sadly, there is no legislation to stop betting platforms from banning intelligent users.

Once your account gets restricted, your wagers are limited to cents, and you have to find a new sports betting site.

When using USDT sports betting sites, you begin with clean slate and a lower likelihood of bans than traditional sites.

Soft bookies regularly cut odds drastically, a source of great irritation to punters.

However, Tether sports betting sites are far less likely to do this, so you have a better chance of receiving fair odds close to the beginning of an event.

Canada, Crypto, And Sports Betting Websites: Legal Or Not?

Your ability to enjoy Tether sports betting sites boils down to your nation’s laws regarding both wagering and cryptocurrencies.

While a country might allow gambling, it may not permit crypto, and vice versa.

In some cases, you can try to use Tether sports betting websites even if it is against the law, but it is a huge risk.

Should the site choose to ban you and keep your money, there’s nothing you can do about it.

Thankfully, Canada allows Tether betting site use as long as you follow the country’s general rules on crypto and gambling!

Is it legal to use Tether in Canada?

Absolutely! In Canada, you have the right to use Tether exchanges and make transactions with the new currency.

Yet you should note that the Canadian government doesn’t see crypto as legal tender.

Consequently, there’s no possibility of using it to pay taxes you owe to the Canadian Revenue Agency (CRA).

Please note that the Agency expects you to pay tax on cryptocurrency earnings.

Thus, you must declare all profit and loss from crypto transactions on your tax returns.

While there is regulation surrounding exchanges, it is not the same situation regarding crypto coins.

This is why relatively few merchants accept digital currency transactions since there is no bank protection.

In contrast, Tether sports betting sites are happy to take the risk as it is a means of improving their revenue.

Is it legal for a Canadian to Wager online?

Yes, online wagering is perfectly legal in Canada.

The legal age for gambling in Canada is 19.

The exceptions are Alberta, Manitoba, and Quebec, which permit 18-year-olds to bet too.

Also, income from betting isn’t taxable unless you’re classified as a professional gambler.

As far as sports betting platforms are concerned, it is illegal to operate on Canadian soil without provincial government licensing or ownership.

Nevertheless, approximately 1,000 unlicensed offshore sites currently exist and offer games to Canadians.

Where is the best place to purchase Tether?

You can purchase Tether on exchanges.

In Canada, there is protection for users as crypto exchanges are regulated as money services operations.

Consequently, to continue operating, these organizations must comply with rules relating to verification, recordkeeping, reporting, and a whole lot more.

Since June 2020, digital assets exchanges must also register with FinTRAC.

It is Canada’s main authority when it comes to investigating and punishing financial misconduct.

Strong regulation in Canada and a high level of Tether security means buyers and users are well protected.

Single-game betting is now legal

Canada’s betting rules come from the Criminal Law Amendment Act of 1968-69.

The government then handed control of gambling laws over to the provinces in 1985.

The result was an enormous number of casinos opening throughout the country.

These laws are still in operation today and regulate online gambling in Canada’s provinces.

An odd quirk in the law limiting betting activity was only recently changed.

This directive ensured that making a bet on a single game was illegal until August 2021.

Ultimately, things changed thanks to C-218, a law passed to end the prohibition of single-game wagers.