Simple Guide to the Best Tether Wallets in 2024
One of the basic actions in the crypto world are trading coins and tokens. This is possible thanks to the wallets, which will give you access and will keep them safe. When dealing with Tether tokens, bear in mind that it doesn’t have own blockchain. This project is using the ETH one, where it hosts dApps and processes transactions. In this review of Tether wallets, you will learn that this token doesn’t have its dedicated wallet, but uses ETH and ERC-20 compatible ones. Let`s go further and see which are the top places to store USDT coins so that you can choose the one for yourself.
01.The Best Tether Wallets
I have listed the best wallets for Tether at the moment, based on criteria like advantages and disadvantages, OS, type, along with which coins except the token. It is a good idea to check the wallet reviews as well by simply clicking on the links. Feel free to explore every part of the table, in order to get familiar with every detail.
| Type | Name | Compatibility | Supported Coins | Pros & Cons | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Exodus Review |
16 Coins 76 Tokens |
Built-in Exchange Hierarchical Deterministic |
Download | |
| Hardware Wallets | Full Ledger Nano S Review |
47 Coins ERC20 Tokens |
Highest Security Costs around 100$ |
See Pricing | |
| Mobile Wallets | Full Guarda Review |
24 Coins ERC20 Tokens |
Built-In Exchange No Two-Factor Authentication |
Download | |
| Web Wallets | Full MyEtherWallet Review |
ETH and ERC20 Tokens |
Open Source No Two-Factor Authentication |
Visit website |
Complete List of Tether Wallets
The list with Tether wallets doesn’t end with just the best ones. In this section, you will be able to explore the rest from A to Z. Here the different columns summarize the vital information you need to know for each USDT compatible wallet as well.
| Name | Type | Compatibility | Supported coins | Private Key | Blockchain | Key Features |
|---|---|---|---|---|---|---|
| Mobile |
119 Coins 382 Tokens |
key Full Control |
Not Needed |
Hierarchical Deterministic No Two-Factor Authentication |
||
| Mobile |
60 Coins ERC20 Tokens |
key 3rd party hosted |
Not Needed |
Two-Factor Authentication Not Hierarchical Deterministic |
||
| Web |
30 Coins 20 Tokens |
key No Access |
Not Needed |
Multi-coin No Control Over Private keys |
||
| Desktop |
16 Coins 76 Tokens |
key Full Control |
Not Needed |
Built-in Exchange Hierarchical Deterministic |
||
| Desktop, Mobile, Web |
24 Coins ERC20 Tokens |
key Full Control |
Not Needed |
Built-in Exchange No Two-Factor Authentication |
||
| Mobile |
40 Coins ERC20, NEP-5 Tokens |
key Full Control |
Not Needed |
Hierarchical Deterministic No Two-Factor Authentication |
||
| Hardware |
47 Coins ERC20 Tokens |
key Full Control |
Not Needed |
High Security Costs Money |
||
| Hardware |
24 Coins |
key Full Control |
Not Needed |
High Security Costs Money |
||
| Desktop |
ETH and ERC20 Tokens |
key Full Control |
Full Download |
Official Ethereum Wallet Need To Download The Whole Blockchain |
||
| Mobile, Web |
22 Coins 3 Tokens |
key 3rd Party Hosted |
Not Needed |
Built-In Exchange Not Open Source |
||
| Web |
ETH ERC20 Tokens |
key Full Control |
Not Needed |
Open Source No Two-Factor Authentication |
||
| Desktop, Mobile, Web |
27 Coins 35 Tokens |
key 3rd Party Hosted |
Not Needed |
Built-In Exchange Not Hierarchical Deterministic |
||
| Hardware, Desktop, Mobile, Web |
40+ Coins ERC20 Tokens |
key Full Control |
Not Needed |
Two-Factor Authentication Costs Money |
||
| Model T | Hardware, Desktop, Mobile, Web |
40+ Coins ERC20 Tokens |
key Full Control |
Not Needed |
Hierarchical Deterministic Costs Money |
The number of wallets supporting Tether offer a lot of features that may catch your attention. There are hardware wallets, considered highly secure, while on the other hand, there are the hot representatives like mobile and web. They are constantly in contact with the network and are more open to hack attacks. Use the table with its every detail, check out the USDT wallet reviews as well. Make the informed choice.
02. Common Features of Tether Wallets
There are no specific features typical just for Tether wallets. This token is used with the majority of the Ethereum multi-coin representatives. They are mainly HD with an extra layer of security, known as 2FA. Have a look at the main characteristics in the next paragraphs.
Security and Privacy
The features listed below are more or less the cornerstone for crypto wallets, when it comes to security and privacy. They are extremely important and Tether tools, that combine all three of them or even two, are considered very secure. When there is a private key ownership involved, which is a must for storing a lot of funds, this makes the Tether wallet even safer.
Two-Factor Authentication
This is an additional unique credential. However, it doesn’t make the access harder. Such a wallet is Trezor, as a good example.
Hierarchical Deterministic (HD)
This security feature needs only one starting point (a seed) in order to generate your keys. Good representative is Exodus.
Open Source
The code in this situation is open for an audit by the users. This helps in detecting any fraud attempts. MEW is a great example of that function.
Secure Tether Wallets To Consider
Transaction Fee Management
For tokens to be moved in the Ethereum network, the minimum assets you need to have in your wallet are 0.02 ETH. In case you try to send tokens and you see “no insufficient funds”, this means you don’t have enough Ether in the account to cover the cost of Gas. Each transaction depends on such kind of transaction fee. It is needed for the miners to process the data and it is paid in Ether. There is also fee for exchanging Tether for FIAT money, but that depends on the withdrawal size.
| Fee Control | How does it work? | Supported by |
|---|---|---|
| Full Control And Suggested Fees | You can adjust the recommended fees shown by the wallet manually | Mist, Ledger |
| No Control | You can’t change a fee, because they are predetermined | Most of the Exchanges have no fee control. (e.g. Binance, Bittrex) |
03.FAQ
-
How much Ether for sending tokens?
You are required to have 0.02 ETH in the wallet where you store your Tether. Any amount less then that will not work.
04.About Tether
Tether is designed to always be worth 1 US dollar. This product is issued by the Tether Limited company. An interesting fact is that by CoinMarketCap data, this token is the second most traded cryptocurrency after BTC. Bear in mind, that Tether is not a financial instrument. Nonetheless, the price of the token dropped to $0.90 at the end of 2018. Some say it was due to investors’ lost faith in the product. That happened because of the speculations, that Tether manipulates the price of the Bitcoin. These events logically lead to U.S. federal prosecutors’ investigation. So far, the project is functioning within the normal.