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Tether in Brazilian Casinos
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The online gambling industry in Brazil is going through changes, even though at the moment players from the country are mostly frequenting international online casinos, most of which offer Tether for deposits and withdrawals. This stablecoin has managed to get on top of the list of desired cryptos to hold overall, but one that has also managed to get listed as an accepted solution across most, if not all, international online casinos that accept digital currencies. Since it is incredibly user-friendly and easy to get started with if you wish to try it out yourself, make sure you stay with us to learn more about it. What is Tether and why choose it for your deposits and withdrawals across Brazilian online casinos?
Online Gambling Regulation in Brazil
When you think about Brazil, the first thought that pops into your mind is probably the Carnival de Rio, but the second must be football or soccer. This sport is incredibly popular in the country, given how many talented football players have emerged from Brazil. But despite the popularity of football and other sports, Brazil never seemed to become interested in regulating sports betting, not even when it went online. Even though the potential economic boost was evident, the country never wanted to legalize it in the past. Probably, because of the ancient Presidential Decree 1946 which bans all forms of gambling, sports betting included.
Nevertheless, the tide shifted and the country actually changed its stance regarding online gambling. In 2011, online lotteries were legalized and the country was preparing to regulate online sports betting. When the President signed the Bill 846/2018, Brazil finally legalized online sports betting in 2018. This was expected, but what the authorities didn’t expect was the citizens’ interest in online casino gambling. Brazilians showed interest in frequenting international online casino sites, to feel the thrill of online casino gambling.
The country noticed it, and since what the citizens were doing was basically illegal, the authorities started considering possible online casino gambling regulations. And since the legal sports betting market launch was postponed until 2023, it was around the same time that authorities started crafting an online casino gambling bill. Validated by the Chamber of Deputies, in 2024, Brazil approved the bill and with that, it officially legalized online casino gambling. Brazil projected a huge revenue from online casino gambling, considering the $11 billion in bets placed by Brazilians on sports betting in a year. Nevertheless, at the moment of writing, no Brazil-licensed online casinos exist, and players are still frequenting offshore casinos.
Their access to these sites is not blocked, and they are not prosecuted for gambling online. Therefore, as a Brazilian, you are in for a real treat, as you can join any casino you like, and enjoy Live Casino games designed by leaders like Playtech and Evolution, award-winning slots by the likes of Yggdrasil and Relax Gaming, and all other kinds of online casino games like online poker and table games, for instance. World-class gaming content is guaranteed, so all you have to do is pick out a site that you wish to join, and you will certainly have the time of your life.
Now, just a reminder, in order to really have the time of your life, you must have a safe and reliable payment method at your side, to deliver secure online gambling transactions. And while, as you’ll notice, most international online casinos offer local Brazilian bank-related payment methods, you may want to use more alternative solutions, like cryptocurrencies, for instance. If that’s the case, there’s one amazing crypto that is incredibly user-friendly and easy to get started with, even if you’re new to digital currencies. We’re talking about the stablecoin Tether. It is as easy to get started with because it allows you to make a direct fiat-to-crypto conversion, on the spot, in just a few seconds, meaning invest fiat and play with crypto across your favorite online casino sites that cater to Brazilians. If you want to know more about it, follow our lead, as that's exactly what we'll share with you in the following section.
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Using Tether Across Brazilian Online Casinos
Tether Limited, a company founded by a group of Bitcoin enthusiasts with a passion for innovating in the cryptography world, launched Tether in 2014. The team was aiming to facilitate the use of fiat currencies in a digital manner, so using the underlying Bitcoin blockchain disrupted the conventional financial system with a modern and user-friendly approach to money. With that, the platform became the first blockchain-enabled in the world to facilitate the digital use of fiat currencies. With Tether tokens, users can confidently transact in fiat currencies using blockchains as intermediaries, without the volatility and fluctuations usually associated with cryptocurrencies, but with complete transparency, since the tokens are pegged at 1-to-1 with a matching fiat currency.
Essentially, what you need to know about it is that it enables the conversion of 1 US dollar (USD) to 1 Tether (USDT). It is offered in other fiat currencies, like the euro (EURT) and the Chinese yuan (CNHT), but basically, you buy one USDT/EURT/CNHT for one USD/EUR/CNH. Therefore, this stablecoin functions like a bridge, a pathway to facilitate the conversion of fiat into digital currency. This is precisely why it is dubbed the most user-friendly crypto in the world.
In fact, to get started with it, all you need to do is visit its official website. You will need to register a wallet account with it there, by filling out a registration form with needed personal details. Then, you will need to accept the Terms & Conditions and verify your identity. The next and probably most interesting part is where you make the conversion. You fill up your wallet in fiat currency, and automatically, it converts into its Tether equivalent. So, if you add 10 USD, you automatically get 10 USDT to your wallet account. The fiat currency can be topped up using traditional bank transfers or other standard payment methods, so you will have no issue with that.
Now that you know how effortless it is to get started with, it’s time to learn how easy it is to use across Brazilian online casinos. You should know that the steps you need to take will be incredibly intuitive, so in just a few taps on your device, you’ll be depositing and withdrawing with it across your favorite Brazilian casino sites. Stick with us, as we’ll be guiding you through the steps in the following section.
Depositing and Withdrawing with Tether
The first thing you should know here, which is important to emphasize, is that you will find Tether across all leading Brazilian-catering online casino sites. You will have no difficulty whatsoever in picking out a few potential sites to join in a matter of minutes; just explore their offering in terms of games and decide on the one to register an account with.
On that note, to register a player account with an online casino, you should be prepared to disclose some basic personal info again, and once the account is ready, to fund it with Tether, you’ll need to do the following:
- Head over to the Cashier/Payment Methods page on your registered player profile.
- Find Tether’s logo on the list of offered Deposit Methods.
- Select it and a pop-up will appear with the casino’s wallet address, which you need to copy.
- Enter your wallet account and specify how much you want to transfer.
- In the appointed field, paste the casino’s wallet address.
- Confirm the transfer and immediately, the amount you specified will appear on your balance.
The steps for withdrawing with the solution are practically the same, with a few little changes. You will need to find it on the list of offered Withdrawal Methods now, of course, and specify the amount you would like to cash out, naturally. This time, however, you will need to copy your wallet address and paste it into the designated field on the Cashier page.
After you’ve done all of that, depending on the casino’s withdrawal policy, you might need to wait 24 to 48 hours or you may get the approval instantly. Nevertheless, once the approval arrives, your winnings will immediately appear on your wallet balance.
Conclusion
As one of the most user-friendly cryptos, Tether has emerged as one of the player-favorites and most popular digital currencies across online casinos. Brazilian players love using it, and that's why it is offered across most if not all, international online casinos that cater to them. Both deposits and withdrawals with it are effortless, so the first chance you get, make sure you create your crypto wallet with it to start making seamless fiat-to-crypto conversions instantly and use digital currency across Brazilian online casino sites.
FAQs
Is it legal to gamble online in Brazil?
Online lotteries were legalized in 2011, while online sports betting was officially legalized in 2018, even though the market launch was postponed until 2023. In 2024, online casino gambling regulations were introduced, and the country is preparing for the casino market launch. At the moment of writing, Brazilian players are playing across international online casino sites.
Do Brazilian players get prosecuted for accessing international online casinos?
No, not really, no. Since at the moment, they don't have other options, international online casinos are their only choice, and the authorities are aware of it. That's why, while advised to be cautious, players are not prosecuted for accessing international online casino sites.
Will I find Tether across many Brazilian online casinos?
Definitely. Tether is one of the most popular cryptocurrencies offered across international online casinos that accept Brazilian players, so you will have no issues whatsoever finding a great number of sites that you'd like to explore to start depositing and withdrawing with it.
Does Tether offer Customer Support Service?
Yes, it actually does. Considering the company behind it is all about facilitating your transactions, it made sure to offer you a professional Support team that would respond to all your questions and problems. Just contact them via the on-site contact form, found on its official website. If you have issues with your deposits/withdrawals or something unclear about them, make sure you contact your casino’s Support team, too.
Can I reverse a transaction I made with Tether?
Believe it or not, you can! Contrary to the rest of the cryptocurrencies available today, transactions with Tether are reversible considering the solution uses the standard banking system to facilitate the conversion of fiat to crypto. Bear in mind, though, that reversals come with hefty fees, so it would be best if you double-check your transaction details before you confirm the transaction, to avoid having to pay a reversal fee.