Tether (USDT) lives on the blockchain like any other digital currency. Its value, however, is pegged to USD. Being the most popular stablecoin, Tether is a go-to cryptocurrency for many investors who do not want exposure to the high volatility of the crypto market. Are you looking to buy USDT? Well, you first need an easy-to-use, secure wallet to store the stablecoin. Luckily, there are multiple wallets to choose from. We will explore the top seven options in this article.
What to Consider When Choosing a USDT Wallet
You don’t just buy a crypto wallet for storing your USDT randomly. There are a few things to consider. It is essential to research the security features of the wallet, its user interface, recovery, and whether it allows users to control their private keys.
Top USDT Wallets
Ledger Nano X
This non-custodial hardware wallet offers users a seamless and smooth experience for storing USDT. Ledger Nano X uses the Blockchain Ledger Operating System (BOLOS) to enhance security. This system ensures apps on the wallet do not interact. Therefore, when one app gets compromised, it does not affect the rest. BOLOS also ensures users’ private keys maintained in the wallet are well protected.
To access your USDT tokens, you will need to connect your wallet to the Ledger Live app.
Coinomi
Coinomi is the second top option for a non-custodial hardware wallet. Since it prioritizes security, the wallet is Seg-Wit enabled. Additionally, it comes with several other advanced features that block bad actors from accessing users’ crypto assets.
Coinomi’s user interface is easy to understand, making it beginner-friendly.
The main concern around this wallet is that the developers behind the project decided to make Coinomi a closed-source software a few years ago. Initially, the wallet was open-source, allowing the crypto community to detect malicious activities or even vulnerabilities in the code.
MyEtherWallet
Besides USDT, you can store NFTs and ETH in MyEtherWallet. This wallet can run on the Android and iOS operating systems. It also comes as a browser extension, allowing users to access it through their preffered browsers. Regarding security, MyEtherWallet is non-custodial, meaning users have full control over the wallet’s private keys. It also provides a 12-word phrase to each user to help them recover access in the event they forget their passwords.
Note that MyEtherWallet is compatible with several hardware wallets such as KeepKey, CoolWallet, Trezor, and Ledger.
Tether Wallet
This wallet was launched by the team behind USDT and only supports the stablecoin. You can access the Tether Wallet using your iOS or Android device and even through a desktop. The wallet has improved its security features since suffering a $31 million exploit in 2017. It now adopts top-notch encryption techniques to safeguard private keys. Tether Wallet has also implemented two-factor authentication (2FA).
eToro
eToro is another reliable crypto wallet allowing users to store eight crypto assets, including USDT. Its well-designed user interface makes it a top option among novice crypto users, as they are able to use it without needing help. Moreover, you can access the wallet using your biometrics or two-factor authentication.
It is worth mentioning that although the eToro wallet is free to use, there are fees are charged on every transaction.
Trust Wallet
Since being acquired by the World’s largest crypto exchange, Binance, Trust Wallet has grown in popularity. It now has more than 5.5 million users. The wallet is non-custodial, and therefore, users are responsible for keeping their private keys safe. One feature that makes Trust Wallet a top alternative is its built-in platform for swapping tokens. So, users do not need an external decentralized trading platform to exchange crypto assets.
Coinbase Wallet
This wallet is a product of US-based crypto exchange Coinbase. It is not connected to the trading platform, so you don’t have to be a Coinbase customer to use the wallet. Coinbase Wallet’s standout feature is its compatibility with several popular hardware wallets like KeepKey, Ledger, and Trezor.
You can access your USDT using biometric data or 2FA. A recovery phrase is also provided, which you will need when you forget your password.
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