As a result of USDT being pegged to the USD fiat currency, it has the advantage of price stability. If you have 100 USDT, you will always have $100 in your wallet. On the other hand, you can hold $100 worth of Bitcoin, and the price can fluctuate by 10% due to market swings, giving $90 the next day.

Another difference is that Bitcoin is generally used by traders looking to make gains from its volatility or long-term investors banking on its continued long-term price increase. Conversely, USDT’s stability means it is not used by traders or long-term investors looking to make gains from price volatility.

Other key differences:

Multiple Networks: USDT is available on multiple blockchain ecosystems. One version of USDT is ERC-20, which uses the secure Ethereum network for transactions, but is known for high fees. The other blockchain ecosystem is TRON, where USDT TRC-20 is used for faster and cheaper transactions. Bitcoin is only available on the Bitcoin ecosystem.
Usage: USDT is for stable spending and transfers, especially with online crypto casinos. However, BTC serves as both a payment method and a medium for trading and investment.
Transaction Speeds: ERC-20 and TRC-20 boast almost instant transaction times. On the other hand, BTC can take 5 to 20 minutes to process.

The key takeaways are:

(A) If you prefer to keep your crypto casino balance using an asset that will not fluctuate in value when the crypto market is experiencing high volatility, then USDT is the best choice.

(B) If you are looking to keep a balance that could grow in value over time, and you don’t mind slower transaction times, then Bitcoin is a good choice.

See our guide ‘How to set up your crypto casino wallet’, which helps you set up means to store your USDT or BTC.