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Tether in Greek Casinos
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Even though Greek online casino players have the option to use standard banking methods for their deposits and withdrawals, since online gambling is legal in the country, most of them choose to go with innovative solutions like Tether for their online gambling transactions. The thing is, with this stablecoin, they get the best of two worlds, fiat and digital currencies. Since it is fiat currency-pegged cryptocoin, it allows you to use your native currency to transact across online casinos with a cryptocurrency. You’ll learn more about it in a bit, but for now, it is important to know that it is offered across a variety of online casinos that cater to Greek players, so if you decide to use it yourself, you will have plenty of sites to explore and join. Why choose Tether as your payment method across Greek online casinos?
Online Gambling Regulation in Greece
The online gambling market might be thriving in Greece at the moment, but that was not always the case. In fact, in 2002, all forms of online gambling and gaming were banned. Its residents were not allowed to gamble online, nor were they allowed to play video gaming consoles like Nintendo or PlayStation. There was a general ban that confused many, and it was not until practically a decade later that the country decided to clarify things. That's when Greece put in charge one single operator to run the online gambling industry, OPAL, legalizing horse racing betting, VLTs, lottery, and sportsbetting.
But, since Greece is part of the EU, it could not keep the monopolized market for long. In fact, as soon as the EU found out about its new legislation, it had to intervene, in order to maintain fair trade and competition within the Union. And even though Greece fought back, saying that it had to do what it had to do in order to offer a safe online gambling environment for its citizens. Nevertheless, the country was forced to reconsider its legislation and introduced a new legal framework that would allow operators from other EU countries to be able to apply for a license to operate on the market and get one, if eligible to get one.
That’s why since 2011, Greece has been open for license applications. The Hellenic Gaming Commission (EEEP) was formed to grant licenses and oversee operators that have been eligible to cater to Greek players. A great number of operators and gaming software developers that were already catering to other EU markets applied for a license in order to strengthen Greek footing, therefore, Greek players were given a lot of choices of sites and games to try out legally and enjoy a perfectly safe online gambling environment.
It seemed, however, that these choices were not enough for Greek players, who continued frequenting unlicensed offshore online casinos. The country noticed that, of course, and started blacklisting unlicensed sites related to online gambling. At one point, there were over 2,000 domains on the list, banned from accessing the market. Nevertheless, there are still sites that continue catering to Greek players, so, if you were to start searching for sites to join, you’ll find hundreds of them.
Thousands, really, if you take into account the perfectly licensed sites at your disposal. As a Greek player, though, when searching for sites to join, you must search carefully, to get the online gambling experience you deserve. You must look for sites that are powered by leading providers, names like Games Global, Relax Gaming, Yggdrasil, and Evolution, to name a few. These are the currently most popular developers behind some of the best, award-winning slots, Live Casino games, table games, and other instant-win titles.
You also must look for the payment methods pages across the sites you’re eyeing. You must have all kinds of options for your deposits and withdrawals, not only standard banking-related ones. It would be best if you find an online casino that, in addition to local options that you could use anytime, gives you the freedom to experience alternative banking, and maybe get you involved with cryptocurrencies, as well. If you are, indeed, searching for such a method, you must find yourself an online casino that offers Tether, as this is a stablecoin that acts as a bridge between fiat and digital currencies.
You may have heard about it or even used it before, but this stablecoin is incredibly popular across the online casino industry. The fact that it is fiat currency-pegged is what makes it such an attractive solution for many Greek players. And the fact that, at the moment of writing, the euro is one of the options is what makes it so popular across online casinos that accept Greek players. If you’re willing to learn more about it, stay with us, as in the next section, we’ll tell you all about it.
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Using Tether Across Greek Online Casinos
If you know anything about crypto, you know that when Bitcoin appeared, it certainly made a boom. And while many were not sure that it would be as powerful as it is today, others were inspired by it and believed that it would be the currency of the future. And that's exactly what happened. Among those inspired by it, were Tether's creators, Tether Limited, who took Bitcoin and made a coin that's more user-friendly and more convenient to use. They created USDT, the world’s first US dollar-pegged coin. The coin was launched in 2014 and has been one of the top stablecoins in the world to this day.
This digital equivalent to the US dollar and a few other currencies is incredibly more stable than any other cryptocurrency you've come across. Its value cannot fluctuate as Bitcoin's does, for instance, because it is supported by the regular banking system, being the digital equivalent to several fiat currencies. It still uses the Omni platform and Bitcoin's blockchain, and that's why it is the perfect bridge from fiat to crypto, and you can buy 1 USDT for 1 USD. But since you're a Greek player, we must mention that at the moment of writing, there are some EURT left in circulation, the digital equivalent to the euro. This variant will be phased out amid regulatory challenges by November 2025.
As the company behind it explained, new EURT issuance requests are no longer accepted, but in case you have someone to send some to you or you’ve purchased some already, you can still use it. Tether updated users the strategic transition was in order to better support community-driven product support, so you have until November 27th, 2025 to redeem or use your coins. Speaking of the coins, if you have some, you probably know how they work. But if you’re new to all of this, you might want to stick with us as we walk you through the getting started process.
So, all you need to do is visit its official website and create something like a crypto wallet account with it. You will need to share basic personal details as you fill out the application form, and then confirm the Terms and Conditions. A quick verification procedure will follow, and then you can top up your account in fiat currency using the offered payment methods, like a bank transfer or a card. While we talked about the euro and the US dollar, you should know that the Chinese yuan is also an option. The funds you added will automatically turn into their stablecoin equivalents, for you to use them as it pleases you across Greek online casinos. In fact, continue reading, as in the next section, we’ll tell you how to do that, too.
Depositing and Withdrawing with Tether
Tether’s availability across Greek online casinos is huge, therefore, you can rest assured that you will find more than enough sites to explore and consider joining. The number of casinos that accept it and cater to Greek players continues growing, so without a doubt, you will quickly find one that suits you to join.
As soon as you do, register an account with your chosen casino, by providing the required personal details. From here, to make a deposit with Tether, go through the following simple steps:
- Head over to the Banking page once you enter your registered player account.
- Find the Deposits section and select Tether.
- Copy the casino’s crypto wallet key displayed in the pop-up.
- Enter your Tether account and specify how much you wish to transfer to your balance.
- Paste the casino’s key in the appointed field and confirm the transfer.
- In real-time, the amount you specified will appear on your balance.
The steps to make a withdrawal with it are pretty much the same, so let’s go over them together. The first thing to do is look for the solution in the Withdrawals section on the Banking page, of course.
Then, you will need to enter your Tether account and copy your key, specify the amount you want to withdraw, and paste the key on the Banking page. Instantly after the casino approves the request, the funds will reach your account. 24 to 48 hours might be needed for the approval to arrive since the operator needs to go over your request, but rest assured that as soon as you get it, you will receive your winnings.
Conclusion
Given how user-friendly and available it is, Tether is a great solution to use across Greek online casinos for swift and easy deposits and withdrawals. You will certainly have more than enough sites to explore and join to use it, so make sure you find yourself one and see how effortless your online gambling transactions will be with it.
FAQs
Is it legal to gamble online in Greece?
Yes, Greece legalized online gambling over a decade ago and put EEEP in charge of licensing and monitoring operators.
Do Greek players have the option to join offshore online casinos?
Unlicensed online casino sites are banned and blacklisted, however, operators from any country can apply for a license and obtain one if they’re meeting the criteria. So, as long as the casino you’re eyeing is licensed by the EEEP, it is an option for you to join.
Is Tether a popular payment method across Greek online casinos?
It, indeed, is. You will find it across all Greek online casinos that accept digital currencies, as it is one of the top most preferred cryptos of our time. You will certainly have more than enough sites to explore in your search for the perfect site to join.
Does Tether offer its own Customer Support service?
It most certainly does. Since it is a stablecoin, it is a bit more user-friendly than the rest of the digital currencies, so you will see that it offers its own Support service via an on-site contact form, once you visit its official website.
Can I reverse a deposit I made with Tether at a Greek online casino?
As a matter of fact, you can. Contrary to other digital currencies, Tether is a stablecoin that allows reversals. You will need to pay a reversal fee, but still be able to reverse a deposit you made with it, which is more than convenient.