Here at CoinPoker we seek to bring you the best product and experience. That also includes tools for successful use of our platform. This is why next to BTC, ETH, and CHP deposit and withdrawal options we are adding USDT, also known as Tether.
What is USDT
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve purpose of being a stable dollar substitute are called “stable coins.”
According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar.
Below you can see how the USDT has traded over the past year, in relation to the US Dollar.
The main upside is that it’s less volatile and it won’t fluctuate nearly as much as other cryptocurrencies.
Any CoinPoker player can use USDT to make a deposit and hit the tables.
After the session funds can be withdraw back to the verified wallet in USDT rather than in CHP, ETH, or BTC.
Next time player returns, the balance in his USDT wallet will, in relation to USD, remain the same. This gives a stable option to hold his winnings until the next session.
Stability makes USDT different from other options that we offer: CHP, BTC or ETH. These coins are not pegged to FIAT currencies and can drop or skyrocket in price at any time.
Tether is an ERC20 token, meaning players can hold it on the same wallet they use for CHP or ETH. Transaction fees are also the same as with all ETH transactions.
USDT Deposit and Withdrawal Process
For more information on CHP, BTC, ETH or USDT deposit and withdrawal process, please read our:
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