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Tether in French Casinos
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French online casino players have the opportunity to use different kinds of cryptocurrencies to fund their online gambling time and cash out their winnings with, but many of them choose to go with Tether over any other. That’s because this cryptocoin is quite a unique one, that acts as a bridge between digital and fiat currencies. It is super-easy to get started with and offered across a great number of French-catering online casinos, so if you wish to learn more about it to eventually try it out yourself, make sure you stay with us. We’ll share a bit of its history with you and tell you exactly how to start using it across the top French casino sites that offer it. What is Tether and why decide to use it for your deposits and withdrawals at a French online casino?
Online Gambling Regulation in France
When someone mentions France, chances are you immediately think about Paris or the French Riviera, and all the luxurious land-based casino establishments, as presented in movies and TV series, with high-roller poker, blackjack, and roulette tables all over the place. And that picture is not far from the true image of the country; France, indeed, offers some of the most lavish casinos in the world, more than worth checking out. The country legalized land-based gambling way back in 1907, and the industry has been regulated to the highest standards ever since.
As a member country of the EU, France has been vocal about the importance of player safety. As a highly important member of the Union, it has urged other EU countries to follow its example when it comes to the gambling industry regulation and to work towards a safer gambling environment for every citizen of the EU. Having full control over operators and their operations within its borders, France was a symbol of fairness and safety when it came to player protection.
It is precisely this dedication to player protection that led France to doubt whether or not it wanted online gambling when gambling went online. The country was more than satisfied with how the land-based industry functioned across its territory but was not as accepting when it came to online gambling. Nevertheless, put under pressure from the EU, it had to finally legalize online gambling in 2009, even though it still continued to prioritize land-based gambling.
What’s more, France made sure to legalize online sports betting, horse racing betting, online bingo, and poker, but left online casinos out of the Law 2010-476. With that, online casino players were left with no other choice but to start chasing their luck across international online casinos. The authorities didn't like that, again, out of safety reasons, but neither did the EU. In fact, France was forced once again to reconsider its stance when it comes to online casino gambling, as it had to respect the EU's Directive's Articles 56 TFEU and 98/34/EC. That's when the country finally started allowing French players to join sites whose operators are based and licensed in any EU member country.
In 2023, France was rumored to finally legalize it, but nothing has changed so far when it comes to online casino gambling. As a player from the country, you are free to join EU-based online casino sites, and that’s it. You cannot find sites that hold a license from the ANJ, the French regulator, as such licenses cannot be granted. But you're in luck, still, since hundreds of EU-based sites are at your disposal, actually.
These are superb sites that are led by powerful operators, who ensure you get world-class online gambling content at your disposal when you register, as they partner up with leading software developers on a regular basis. You can rest assured you'll be able to access games like slots, table games, video poker, and Live Casino, designed by names like Play’n GO, Playtech, NetEnt, and Pragmatic Play, to name a few.
What’s more, you get to use all kinds of local and global payment methods to top up your casino account and cash out winnings from. Since France is a crypto-friendly country, you can even use digital currencies! Speaking of, among the top cryptos across the French-catering sites is Tether, the cryptocoin that has managed to become one of the most attractive in the world of cryptocurrencies. It has an unrivaled availability across the online gambling industry for that reason, actually. And since it is unbelievably easy to get started with and use, just follow our lead as we take you through its history and the getting started procedure in the next section, so that you can give it a go whenever you wish to join an online casino.
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Using Tether Across French Online Casinos
Launched a few years after the world’s pioneering cryptocurrency, Bitcoin, Tether went live in 2014. The company behind it, Tether Limited, made sure to make it as effortless and easy to use for anyone, and that’s why it designed it the way it is today, a digital equivalent to the US dollar (and a few other fiat currencies). So, basically, this is a cryptocoin that you can purchase with US dollars, and as such, it is one of the most stablecoins in the crypto sphere, as its value won't fluctuate as it does with other cryptocurrencies.
It uses Bitcoin's blockchain as the underlying tech, but also the Omni platform, and it is even offered as ERC20 on Ethereum's blockchain. Its acronym is USDT, but also CNHT and ERUT, if purchased in Chinese yuan or euro, respectively. In fact, that's how it functions basically, you buy one USDT for 1 USD. Since it is supported by the standard banking system and available through blockchains, it gives you the best of two worlds, the stability of fiat and the freedom of digital currencies.
Its new CEO is remaking the company, and restructuring the coin to perfect it and make it even more attractive. With it, the company wants to make so much more, but more on that in the future: here, we're interested in its popularity across the online gambling industry. And of course, as you probably gathered, its popularity is unrivaled. This is one of the top crypto solutions offered across online casino sites and one of the most used by players.
To understand how it works, you don’t necessarily need to be fluent in cryptography, considering this is a stablecoin that acts as a pathway to help you convert fiat into digital currencies and the other way around. So, just visit its official website and register a wallet account with it. There will be a registration form to fill out with basic personal info. As soon as you do it and confirm its T&C, you’ll need to go through a quick verification procedure and that would be it. The next step would be adding money to your wallet, which you can then convert into crypto. As mentioned, the US dollar is the default fiat, but you can also use Chinese yuan or euro to transfer to your wallet account via any of the traditional payment methods offered or a simple bank transfer. The funds you deposited will automatically convert into their cryptocoin equivalents, of course.
Assuming you’ve gone through all of these steps and now you have coins using which you can start making deposits and withdrawals across online casinos, it’s time we go through the steps needed for these procedures. We’ll share them with you in the next section.
Deposits and Withdrawals with Tether
We already established that Tether is offered across practically all French online casinos that offer cryptocurrencies. Due to its overall popularity, the number of casinos that offer it continues growing, so you’ll have no issues whatsoever to find a proper casino to join in no time.
Just explore a few options and go with the one that suits you best. Register your player account with that casino by providing basic personal details. To fund the account with Tether, you would need to go through these easy steps:
- Enter the Banking page as soon as you log into your registered player profile.
- Look for Tether’s logo on the list of accepted Deposit Methods.
- Press it and copy the casino’s crypto wallet address that appears in the pop-up.
- Access your wallet and set the amount you wish to transfer to your casino balance.
- Paste the casino’s crypto wallet address in the designated field.
- Confirm the transaction and in the blink of an eye, the coins will reach your balance.
You will basically need to go through the same steps when withdrawing with the solution. Of course, now, you will need to select it from the list of accepted Withdrawal Methods, copy your wallet address, set the amount you wish to cash out, and paste the address in the appointed field.
The transaction will be processed immediately after the operator gives you the needed approval. The operator may take 24 to 48 hours to review and approve the transaction, but as soon as you get the approval, expect your winnings to arrive in your wallet instantly.
Conclusion
Tether is certainly one of the easiest to use cryptocoins, as it allows for instant conversion from fiat to crypto. Any French player can get started with it and use it for seamless deposits and withdrawals across hundreds of French online casinos, so if you wish to experience flawless online gambling transactions, make sure you give it a try.
FAQs
Is online gambling legal in France?
Yes, online gambling is legal in France and has been since 2009, but online casinos are off the table. Players can only access online casinos based in an EU country, but at the moment of writing, French-licensed online casinos do not exist.
Do French players get penalized for gambling across international online casino sites?
As long as they are gambling across sites that are licensed in a country member of the EU, they are perfectly safe. International online casino sites based elsewhere are blocked, but if they somehow get access to them, players are not penalized.
Is Tether popular across French online casinos?
It most certainly is. As mentioned, practically all French casinos that offer cryptocurrencies offer Tether, as it is one of the most popular cryptocoins in the world. Therefore, you'll have plenty of sites to explore in your pursuit of the perfect site to join.
Who do I contact in case my Tether transaction fails at a French online casino?
If you explore its official website, you will find out that Tether offers Customer Support, via an on-site contact form that you can fill out to explain your problem and wait for its Support team to contact you with the solution to your problem. Of course, you can also get in touch with your casino’s Support.
Are transactions with Tether irreversible like with other cryptocurrencies?
Actually, no. Transactions with this solution are reversible, even though subject to hefty reversal fees. But since with all other cryptocurrencies transactions are irreversible, having to pay a fee might not mean much to you as long as you can reverse the transaction, right?