17 Best Tether Wallets in 2024 – Safest USDT Wallets Compared

Tether (USDT) operates on the ERC20 standard, meaning investors have dozens of wallets to choose from. This includes both custodial and non-custodial storage, across mobiles, desktops, and hardware devices.

This guide compares the 17 best Tether wallets for 2024. Read on to discover the top ADA wallets for features, security, usability, fees, and more.

What is a Tether Wallet? The Basics Explained

After investing in Tether, users must find a suitable wallet. This keeps the USDT tokens safe and allows users to engage with the blockchain. The level of security and convenience offered by Tether wallets varies considerably.

For example, most Tether wallets allow investors to send and receive tokens. This is executed via the Ethereum blockchain, as Tether follows the ERC20 standard. That said, the best Tether wallets also support trading features. This allows investors to swap USDT with other cryptocurrencies or cash out for fiat money.

Some Tether wallets also connect to Web 3.0 dApps. This enables investors to earn passive income on their USDT tokens. Considering that USDT is pegged to the US dollar, investors can generate yields without worrying about market volatility.

Investors will need to choose from a non-custodial or custodial Tether wallet. Custodial wallets look after the user’s private keys and typically offer security features like cold storage and two-factor authentication. Non-custodial wallets give investors full control of their private keys, meaning they are responsible for keeping the USDT tokens secure.

Another consideration is the type of Tether wallet. For instance, software wallet providers offer a mobile app, desktop software, and/or browser extension. While hardware wallets come as physical devices. Each Tether wallet type comes with its own pros and cons, which we discuss in more detail further down in this guide.

Why You Need a USDT Wallet

Now let’s take a closer look at why Tether investors need a suitable USDT wallet.

Keep USDT Investments Safe

The main reason for getting a Tether wallet is to keep the USDT tokens safe. Similar to a bank account, Tether wallets ensure that only the USDT owner has access to the tokens.

After all, not only do USDT tokens have value, but they can be cashed out to US dollars at any time. As noted above, custodial wallet providers keep the USDT tokens and private keys safe on the user’s behalf. This will likely appeal to beginners.

On the other hand, non-custodial providers supply users with their private keys when setting the wallet up. This means the wallet user is responsible for keeping the USDT tokens safe.

Send and Receive USDT

Tether wallets also allow users to engage with the blockchain. As one of the best ERC20 tokens, USDT operates on the Ethereum network.

This means that users can send and receive USDT on a wallet-to-wallet basis, with transactions taking just seconds.

Do note that when sending USDT to another person, GAS fees need to be paid in ETH. We explain how this works in more detail further down.

Earn Income on USDT Investments

USDT is one of the best cryptocurrencies to buy for earning passive income. This is because USDT is a stablecoin, so users can generate a yield without the volatility associated with conventional cryptocurrencies.

And one of the best ways to achieve this is directly within a Tether wallet. For example, Trust Wallet and MetaMask connect to the dApps like Uniswap and Aave, which offer competitive yields on USDT staking and yield farming. While Binance offers USDT savings accounts with flexible terms.

Buy, Sell, and Trade USDT 

The best Tether wallets allow users to buy, sell, and trade USDT tokens. This prevents the need to transfer the tokens to a crypto exchange.

Best USDT Wallets Reviewed

Still unable to separate the best wallets for Tether? Below, we review the 17 best Tether wallets for 2024.

We discuss a variety of custodial and non-custodial providers, covering mobile, desktop, and hardware devices. This ensures that there is a Tether wallet type to suit all requirements.

1. Best Wallet – Tether Wallet With DEX Integration, An NFT Gallery And Exclusive Insights On Upcoming Tokens

Users are always looking for promising new platforms that combine usability and security. Best Wallet is a recently launched Tether wallet that is already catching investor attention.

At its core, Best Wallet is designed as a non-custodial wallet, ensuring that users maintain full ownership and control over their private keys. 

This decentralized approach improves security and user privacy, a major concern for today’s users. Moreover, it promises cross-chain interoperability, with initial support for Ethereum Mainnet, Polygon Mainnet, and BSC Mainnet. 

The platform’s roadmap reveals plans to expand to the Bitcoin network and other significant blockchains in the future.

Best Wallet’s innovative features truly set it apart from other crypto wallets. One such feature is the emphasis on market insights. The wallet plans to monitor market movements and offer real-time updates on industry news, token sentiment, and significant events. 

A feature alerting users about upcoming tokens is also in the pipeline, ensuring users are updated about these high-potential projects before they hit exchanges.

In addition to these exclusive insights, the platform also focuses on seamless transactions. This is where Best DEX comes in – a decentralized exchange built to revolutionize trading.

With no registration hassles, users can trade instantly. The DEX provides invaluable market insights, real-time charts, news, and detailed token analytics.

Moreover, the platform offers incentives to early buyers through the BEST token airdrop.

The BEST token is the backbone of the Best Ecosystem. Holding these tokens can unlock exclusive perks for users, such as advanced market analysis tools, zero gas fees, and priority access to token launches and NFT drops.

Moreover, the wallet will cater to the rapidly growing NFT market. Users can anticipate an integrated NFT gallery for effortless management and trading of their digital collectibles.

Users can follow Best Wallet’s X (Twitter) account for the latest updates. You can also check out the Best Wallet Linktree for links to other social media platforms.

Cryptoassets are a highly volatile unregulated investment product.

2. Ellipal Wallet – User-Friendly Tether Wallet With A Broad User Base And High Security

The Ellipal wallet, including the Titan and Titan Mini models, is known for its high security. They operate as air-gapped systems, meaning they have no USB, Bluetooth, WiFi, NFC, or cellular connections. This ensures that user assets remain completely offline, safe from online threats.

The Titan features a 4-inch touchscreen for clear operation visibility and supports over 10,000 digital assets across nearly 50 blockchains. 

Its construction is solid, made from fully metal-sealed material, and includes a QR scanner for secure transaction confirmations.

The Titan Mini, while similar in functionality to the Titan, offers a smaller 2.4-inch HD LCD screen and is more portable. It also includes a built-in camera for scanning QR codes, enabling secure transaction signing through the mobile app.

Both models allow for diverse crypto activities, including transferring, exchanging, staking, buying crypto and NFTs, and accessing DApps. Private keys remain entirely offline, improving security.

These wallets include two-factor authentication with PIN, password, gesture pins, and numeric passwords. They have an auto-self-destruct mechanism for tampering and support offline firmware updates via microSD card.

Compatible with Android and iOS, the wallets are accessible to a broad user base. They also feature the ELLIPAL Joy seed phrase generator, offering a new alternative for generating secure seed phrases.

3. Ledger – Popular And Easy To Use Crypto Wallet Supporting Over 5500+ Tokens

The Ledger wallet (Nano X and Nano S) models are well-known wallets in the hardware wallet space, largely due to their support for over 5,500 coins and tokens. 

This includes major cryptos like Bitcoin, Ethereum, and Ripple, as well as NFTs, making them suitable for users with varied portfolios.

The Nano X’s standout feature is its Bluetooth capability, allowing users to conveniently manage their crypto via smartphone. 

Combined with the Ledger Live app, this improves user experience by enabling crypto buying, selling, and staking. Additionally, it has a 100 mAh battery for prolonged use.

While the Nano S lacks Bluetooth, it still provides strong security and asset management capabilities through the Ledger Live app on Android and desktop.

A limitation of the Ledger wallets, especially the Nano S, is their limited storage capacity, which may require frequent app management.

The operating system isn’t open-source, a point of concern for those favoring transparent, community-audited software. However, this closed-source approach is part of Ledger’s strategy to isolate compromised devices and maintain security.

Additionally, Ledger excels in customer support and education, offering information through the Ledger Academy. This resource is invaluable for beginners, covering everything from basic blockchain principles to advanced topics.

4. Gate.io – Web3 wallet with built-in DEX, NFT marketplace, and diverse trading options

Gate.io is one of the leading exchanges worldwide, operating in over 130 countries and serving more than 12 million customers. The platform offers a Web3 decentralized wallet that supports over 30 chains and 1,000+ tokens. The wallet allows users access to many of the great features of the Gate.io while also being an entry point into Web3.

The wallet offers a DEX, NFT marketplace, and built-in dApp browser with access to over 10,000 dApps. Additional benefits of the Gate.io Web3 wallet include access to their launchpad program, Gate.io Startup, which has launched over 700 projects. This allows users access to some of the best crypto airdrops and presales.

Users can also access passive income options such as staking and yield farming. More advanced trading options include perpetual futures with 100x leverage and crypto inscriptions.

Gate.io wallet security features include data encryption, password protection, multi-factor authentication, and cloud backup.

5. Zengo – Secure Tether Wallet Using MPC Cryptography, 3-factor Authentication, and a Web3 Firewall

Zengo is the ultimate Tether wallet for crypto users who put security above all else. This wallet ditches vulnerable seed phrases in favor of multi-party computation (MPC) cryptography. That dramatically reduces the risk that a phishing attempt or device takeover could compromise a user’s wallet.

Unlike traditional Web3 wallets, which are only recoverable through a seed phrase, Zengo uses 3-factor authentication—a 3D biometric face scan, email access, and a recovery file—to allow users to easily and securely access their Zengo wallet on another device.

Users can turn on 2-factor authentication to enable transactions over a certain amount, preventing large unauthorized crypto transfers. Zengo also comes with a Web3 firewall that scans for common threats and alerts users to suspicious dApp activity.

Zengo supports more than 120 cryptocurrencies and NFTs, working across chains like Bitcoin, Ethereum, and Polygon. It has a built-in decentralized exchange and can connect to any Web3 dApp using WalletConnect. Zengo also comes with 24/7 customer support.

Zengo offers a free option that includes all of the wallet’s key cryptography features to keep your Tether safe. A paid plan adds the Web3 firewall, 2-factor authentication protection on large transfers, inheritance-style Crypto Legacy Transfer, and priority support for only $69.99 per year.

6. Bybit Wallet – Custodial Multi-Chain Wallet With Benefits on Bybit     

Bybit, one of the largest crypto exchanges by derivatives trading volume, offers its own custodial Web3 wallet. Being custodial means Bybit holds the private keys to the wallet, same as your Bybit account, so in case you forget your password, you can easily regain access to your account.

By using Bybit’s crypto wallet, you get access to IDOs on the platform, you can stake your coins and tokens, swap them with ease between blockchains, buy crypto with a card or use DeFi products on Ethereum, Mantle and the BNB chain.

This Web3 wallet comes in the form of a mobile app and browser extension, and you can connect it to popular DeFi apps like Lido, Aave, Uniswap, OpenSea, or connect to play-to-earn games like Axie Infinity and Dentraland.

If you’re looking for an excellent Web3 wallet without having to worry about losing your private keys, Bybit’s wallet could be worth considering.

7. Trezor – Safest Way to Store Large USDT Balances     

We found that the best USDT wallet for safety and security is Trezor. While this option won’t appeal to short-term traders, Trezor offers solid security features for those with large balances. This is because Trezor is a hardware wallet that offers 24/7 cold storage.

In fact, the private keys are encrypted on the device, so are never vulnerable to remote hackers. Moreover, a PIN needs to be entered on the device to make outgoing transactions. The PIN can be any combination of between four and 50 digits. When setting Trezor up, users are presented with their backup passphrase. This is either 12 or 24 words, depending on the model.

The Trezor Model One is the entry-level option, costing $69. This comes with a two-button pad and support for USB type A. The Trezor Model T is an advanced model that retails for $219. This comes with support for USB type C and a touchscreen interface. Both models support over 1,000 cryptocurrencies and multiple networks. This includes Bitcoin, Ethereum, and Binance Smart Chain.

8. Binance – Convenient Tether Web Wallet for Storing, Trading, and Earning USDT     

One of the best Tether wallets for convenience is Binance. The world’s biggest crypto exchange offers a simple web wallet that comes packed with features. This includes the ability to trade hundreds of cryptocurrencies at 0.1% per slide. The Binance wallet also supports an ‘Earn’ feature that covers multiple yield tools.

For example, Flexible USDT savings accounts currently yield an APY of 1.67%. For balances up to 500 USDT, an additional 1.5% is offered. Another option is to deposit USDT into a yield farming pool. USDT can be paired with many cryptocurrencies, including TUSD, USDC, and BUSD. The Binance wallet also allows users to stake USDT, with APYs currently yielding 0.9%.

Another notable feature of this wallet provider is USDT perpetual. This allows users to trade USDT-based derivatives with leverage. BTC/USDT, for example, can be traded with leverage of 20x. In terms of security, Binance is a custodial wallet provider. This means users do not have access to their private keys. Instead, Binance keeps the USDT funds safe on behalf of investors.

Most USDT tokens are stored offline in cold wallets. Accounts are protected by two-factor authentication, as well as IP and device whitelisting. All outgoing transactions must be confirmed via SMS and email, offering an extra layer of security. Finally, the Binance wallet is also accessible via a mobile app. While iOS and Android are both supported, the Binance wallet app comes with fewer features.

9. BitBox02 – Promising Tether Wallet With A Highly Secure Chip And A MicroSD Card

The BitBox02 by Shift Crypto is a promising Tether hardware wallet combining security, user-friendliness, and a modern design. At around $120, it appeals to both budget and tech-conscious users.

Its futuristic design features an OLED screen and intuitive touch sliders, a change from the usual button interfaces. 

This design not only adds to its aesthetic but also improves user interaction. Its USB-C connector facilitates easy connectivity with current devices, which is crucial for managing crypto on the move.

Security-wise, the BitBox02 uses a secure chip (ATECC608A) for cryptographic operations, offering high-level security for stored assets.

Moreover, its open-source framework allows community verification. The wallet has passed external security audits and runs a bug bounty program, highlighting its strong security commitment.

Supporting Bitcoin, Ethereum, Litecoin, and over 1500 ERC-20 tokens, the BitBox02 is compatible with Windows, Mac OS, Linux, and Android through the BitBoxApp. 

The setup includes password creation and a unique backup option on a microSD card, with traditional seed phrases also recommended.

Beyond basic wallet functionalities, it offers multi-sig wallets, unified Bitcoin accounts, Tor support, and Anti-klepto protection, catering to various users. The device also serves as a FIDO Universal 2nd Factor (U2F) authenticator, securing multiple online accounts.

10. SafePal – Secure And Budget Friendly Tether Wallet With NFT Support

SafePal S1 hardware wallet is a promising choice for those looking for an affordable, secure, and user-friendly solution for managing a wide range of cryptos and NFTs.

The SafePal S1 is a cost-effective hardware wallet priced at around $50. It’s tailored to be user-friendly, making it a suitable choice for newcomers to crypto.

The wallet’s security is reinforced with an EAL5+ secure element, providing high-level protection for crypto assets. 

This feature, a self-destruct mechanism, and two-factor authentication strongly defend against unauthorized access and potential hacking.

A standout feature of the SafePal S1 is its compatibility with over 10,000 digital assets, including well-known ones like Bitcoin, Ethereum, Tether, and various NFTs. This broad support renders it a versatile choice for diverse crypto users.

While the SafePal S1 is designed for ease of use with an intuitive app, its battery life is somewhat limited. Also, it exclusively works with its app, which might be less appealing for users who desire integration with different wallets or exchanges.

11. SecuX – Simple To Use Tether Wallet Supporting 1000+ Cryptos

SecuX has a flagship wallet called Shield BIO, which is known for its biometric recognition. It has an EAL5+ certified military-grade chip, ensuring top-tier security.

Designed for ease of use, especially on the go, it connects to the SecuX mobile app or website, allowing a seamless cross-platform trading experience. A unique feature is its micro-scam alert, improving its security capabilities.

The Shield BIO offers a user-friendly interface catering to those needing quick and secure mobile access to their crypto assets.

On the other hand, the SecuX V20 stands out for its solid build and user-friendly design. It has a polished aluminum exterior for a premium look and a 2.8-inch touchscreen for easy navigation and transaction verification.

Both wallets prioritize security. The V20 uses the CC EAL5+ Secure Element chip, similar to banking system standards, to protect PINs and private keys from external threats. 

It includes a 4-digit PIN and a unique passphrase support for creating hidden wallets, adding another security layer.

The V20 supports over 1,000 cryptos, including all ERC-20 tokens. It’s compatible with Windows, macOS, Linux, Android, and iOS. Despite its advanced features, the V20’s setup is simple and appealing to beginners and experienced crypto users.

12. CoolWallet – Tether Wallet Offering CC EAL 6+ Military-Grade Security Chip

The CoolWallet Pro is another promising hardware wallet that stands out for its compact size, resembling a standard credit card at just 0.8mm thick and weighing 6 grams.

This makes it highly portable and easy to carry in a wallet. It’s also durable, being tamper-proof, and waterproof. Also, the battery life is reasonable, lasting 2-3 weeks on a full charge.

A key feature is the wallet’s staking capability. It currently supports staking for Cosmos, Tron, and Polkadot, with plans to expand to other assets like Tezos, Cardano, and ETH2.0 tokens.

The wallet is equipped with a CC EAL 6+ Military-grade security chip, offering strong protection similar to banking industry standards. This ensures the safety of high-value assets against cyber threats.

It pairs with mobile devices via Bluetooth and offers biometric login for added security. The wallet supports major cryptos and ERC-20 tokens, with plans to broaden its range. 

The CoolWallet Pro app, available for Android and iOS, allows for easy management of wallet balances and direct trading.

Priced at $149, the CoolWallet Pro is slightly pricier than some alternatives but justifies its cost with its features and security level.

13. CoinSpot – Reliable Crypto Wallet With A User-Friendly And Secure Interface

Launched in 2013, CoinSpot has become one of Australia’s leading and most reliable crypto exchanges, with a massive user base.

CoinSpot takes security seriously, using advanced encryption, two-factor authentication, and multi-signature transactions to protect user assets. 

Its compliance with Australia’s AML/CTF laws further improves its reliability. Notably, CoinSpot has a clean history with no previous hacks.

The platform is designed to cater to both beginners and experienced traders. Its interface is intuitive, simplifying portfolio tracking and transaction execution. This user-friendliness is a significant draw for new and seasoned users alike.

CoinSpot supports over 410 cryptos, including leading ones like Bitcoin, Ethereum, and Tether. This wide range makes it a flexible option for various trading and investment strategies. 

Additionally, the platform offers unique features such as a crypto debit card and an NFT marketplace, adding to its functionality.

CoinSpot’s primary focus on the Australian market may limit its appeal to international users. Also, while it offers competitive spot trading fees at 0.1%, fees for instant buys, swaps, and recurring purchases are higher at 1%.

14. OKX Wallet – One of the Best Crypto Wallets for High USDT Yields 

OKX offers one of the best Tether wallets for earning high-interest rates on idle USDT tokens. This is because OKX has developed a bridge aggregator that supports over 200 DEXs. Users simply need to click on USDT, and OKX will display the best APYs in the market.

For example, currently, users can earn an APY of 11.71%, which is facilitated by Tender. After that, the highest APY is 8.48%, provided by Aave. Alternatively, the OKX Wallet enables users to earn income by adding USDT to a liquidity pool. Currently, the highest APY is paid on CRU/USDT at almost 22%. We also found that the OKX Wallet offers USDT savings accounts.

This pays 1.43% on a flexible basis, allowing investors to withdraw their USDT at any time. In addition, the OKX Wallet also offers in-built token swaps. Once again, its bridge aggregator tool will secure the best exchange rate in the market. While the OKX Wallet doesn’t support Bitcoin, it is compatible with 15 blockchain networks. This includes Ethereum, Arbitrum, Binance Smart Chain, and Fantom.

15. Trust Wallet – Non-Custodial Wallet for Securing and Trading USDT Tokens     

Trust Wallet is a another non-custodial wallet that comes as a mobile app for iOS and Android. Desktop users are also catered for, with Trust Wallet recently launching its Chrome browser extension. Both options enable users to take full control of their USDT investments.

This is because Trust Wallet provides users with their 12-word backup passphrase. Only the user has access to these credentials, meaning Trust Wallet offers a completely decentralized way to store USDT. The wallet is secured by the user’s chosen PIN, although fingerprint ID is also supported. No other security features are available, so Trust Wallet is best suited for experienced investors.

Nevertheless, our Trust Wallet review found that this is one of the best Tether wallets for earning income. While its in-built staking tool doesn’t support the Ethereum network, the wallet does connect to dApps. This enables investors to seamlessly earn yields via Uniswap, SushiSwap, Aave, and other leading DEXs.

Moreover, Trust Wallet also comes with an in-built token-swapping tool. This removes the need to use a DEX when trading USDT for other cryptocurrencies. In addition to Tether, Trust Wallet supports millions of other cryptocurrencies and NFTs. This includes some of the best emerging cryptocurrencies on the ERC20 and BSC standards.

16. MetaMask – Popular Hot Wallet App and Browser Extension With Over 30 Million Users   

MetaMask is one of the best Tether wallets for hot storage. This means that the USDT tokens remain online at all times, making MetaMask ideal for short-term traders and investors. Although hot wallets come with reduced security, MetaMask is considered one of the safest options in the market.

For example, private keys are encrypted when shown to the user, ensuring that nobody else has access to the wallet credentials. Users can also secure their MetaMask wallet with a PIN or password, depending on the chosen device type. MetaMask supports iOS and Android apps, as well as browser extensions. All supported wallet types are completely free to download.

After setting MetaMask up, users will be presented with their ERC20 deposit address. This supports Tether, Ethereum, Shiba Inu, and all other ERC20 tokens. A selection of other network standards can be added to MetaMask. This includes Optimism, Binance Smart Chain, Polygon, Arbitrum, and Avalanche.

In terms of features, MetaMask has an in-built tool for swapping USDT tokens. Do note that MetaMask charges 0.875% for this service. The cheaper option is to connect MetaMask to a dApp and complete the token swap there. MetaMask also offers an in-built staking tool, but this doesn’t support USDT. Finally, MetaMask also supports NFTs on the ERC20 standard.

Here’s our complete MetaMask review.

17. MyEtherWallet – Great Tether Wallet for Storing Multiple ERC20 Tokens     

MyEtherWallet is a non-custodial hot wallet that was launched in 2015. It supports Tether, Ethereum, and all other ERC20 tokens. MyEtherWallet is a mobile wallet accessible via an Android and iOS app. There is also support for web browsers, but this is provided via a third-party extension.

MyEtherWallet does not charge fees for receiving or storing Tether. Nor does it add any markups on outgoing transactions. In addition to cryptocurrencies, MyEtherWallet also supports ERC71 NFTs. In fact, it also has its own collection of NFTs that back previous ERC20 transactions. We also like that MyEtherWallet supports Aave.

This enables users to swap USDT tokens as well as earn interest. That said, MyEtherWallet does not directly support any other DEXs. Moreover, this is one of the few Tether wallets that does not support WalletConnect. This means that users will be limited in what Web 3.0 applications can be accessed. Another drawback is that other network standards are not supported, such as Bitcoin and XRP.

Our reviews of the best USDT wallets covered a variety of options. This includes a choice between custodial and non-custodial storage, as well as multiple device types. We also focused on USDt wallets with additional features, such as trading and staking.

Read on to learn more about how we ranked the best Tether wallets for 2024.

Safety and Security 

The level of security offered by Tether wallets will vary widely. This is largely dependent on the type of Tether wallet being used.

For example, the safest and most reputable non-custodial wallet is Best Wallet, as it comes packed with security features. It also includes two-factor authentication on the app.

Supported Network Standards

Tether is a stablecoin, so it doesn’t offer the prospect of capital gains. As such, many Tether holders also own other cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin.

Those with multiple cryptocurrencies should consider a Tether wallet that supports other network standards. Trust Wallet stands out here, with the wallet supporting millions of digital assets on more than 70 blockchains.

Custodianship

Investors need to choose between a custodial or non-custodial Tether wallet. Put simply, the choice boils down to who is responsible for safeguarding the USDT tokens.

• Custodial wallets do not provide users with their private keys. This is because custodians are responsible for keeping the USDT tokens safe.
• Non-custodial wallets do provide users with their private keys. This means only the USDT owner can access the wallet and authorize transactions.

Investors should choose wisely when exploring USDT custodianship. Ultimately, both options come with pros and cons.

Additional Features and Tools

The best Tether wallets come packed with features.

For example:

• The Gate.io offers an NFT gallery alongside its DEX integration. It also offers access to 10,000+ dApps and access to upcoming tokens even before they hit the exchanges.
• Binance has in-built yield tools, allowing investors to seamlessly earn interest on their USDT tokens. This includes USDT savings accounts with flexible terms, as well as staking and yield farming.

The above features offer a great user experience, removing the need to use additional platforms or exchanges.

Pricing

Most Tether wallets are free to obtain. The exception here is Trezor and other hardware wallets, which must be purchased. The basic and advanced Trezor models retail for $69 and $219, respectively.

Rarely do Tether wallets charge fees for storing or receiving tokens. But GAS fees will always apply. This needs to be paid in ETH, and the exact fee is determined by network conditions.

That said, we found that Binance adds a markup on USDT transactions, as it charges a flat fee that is above the network rate. This isn’t the case with most other Tether wallets.

Types of Tether Wallets

In addition to exploring custodianship, investors should also consider the type of Tether wallet that is most suitable.

This is generally a choice between software, hardware, and paper wallets – which we discuss below.

Software Wallet

Software wallets (also called hot wallets) are the most convenient option in the market. They always remain online and can be accessed via an app, desktop software, and/or web browser.

Not only are software wallets ideal for storing USDT tokens, but also trading them.

Software wallets also make it simple to earn interest on idle USDT tokens. For example, Trust Wallet, MetaMask, and Coinbase Wallet are compatible with all dApps on the Ethereum network. dApps like Uniswap and SushiSwap support token swaps, staking, and liquidity pools.

But do remember that software wallets are vulnerable to hacking attempts and scams.

Hardware Wallet

The safest way to store and manage USDT investments is via a hardware wallet. This ensures the tokens are kept away from the internet and, thus – hackers.

But hardware wallets make it inconvenient to transfer USDT tokens. This is because users need to enter their PIN on the device to authorize transactions.

Hardware wallets also make it cumbersome to earn income on idle USDT tokens. But ultimately, hardware wallets offer unrivaled security, so will appeal to those large USDT holdings.

Paper Wallet

Another option is to store the USDT tokens in a paper wallet.

• Paper wallets have the public address and private keys printed on them
• Users keep the paper wallet somewhere private and safe
• This is a secure option, considering that paper wallets keep the private keys offline at all times
• But paper wallets are inconvenient for transferring funds and do not support yield-earning products

Investors should do their homework when choosing a USDT paper wallet provider. Make sure the private keys can be created while offline. This will ensure the wallet owner is the only one to have access.

How to Get & Use a Tether Wallet

Read on to learn how to download and manage the Best Wallet in three simple steps.

Step 1: Download the App

Visit the Best Crypto wallet website and select the Android or the iOS version. There is no browser version available at the moment.

Scan the QR code with your smartphone camera and download the app.

Step 2: Registration and Account Creation

Sign up using an email. Add your security measures, including a four-digit passcode, two-factor authentication and/or finger print ID.

Your account is now live and ready to use.

Step 3: Deposit and Swap Crypto

Go to the Best Wallet dashboard. This is where you buy cryptocurrencies or trade the ones that you move to this wallet using its built-in DEX.

Supported blockchains at the moment include Ethereum Mainnet, Polygon Mainnet, and BSC Mainnet.

Conclusion

In summary, many considerations need to be made when researching the best Tether wallets. Not only in terms of custodianship but the wallet type and preferred device.

Moreover, USDT holders should also consider what features the wallet offers alongside fees and usability. Overall, the Best Wallet is a great fit for every crypto enthusiast.

It offers multi-chain support and you can swap your tokens and coins seamlessly via a built-in decentralized exchange.

FAQs