Best Tether USDT Wallets For Various Purposes

What is a Tether Wallet?

A wallet is a special type of bag for keeping money. An electronic wallet has the same function but is different by its nature. It has no physical shape: an electronic wallet is a piece of software containing information about specified digital assets.

As a type of digital wallet, Crypto wallet keeps the information about cryptocurrencies that belong to the wallet owner.  Tether wallet keeps a piece of information about your Tether coins. Tether is the first cryptocurrency on the market that equals its value with a fiat currency. 1 Tether equals 1 USD.

If you want to purchase and keep some Tether coins, you can use the specialized Tether wallet or multicurrency wallet.

Best for USDT Tether

Despite some related controversies, USDT Tether is a popular coin because it is a stable coin – cryptocurrency related to the fiat currency. While the crypto market regulation is ongoing with no clear deadlines, crypto players believe that in that or this way cryptocurrencies should be related to their economic activities. So, stable coins have better forecasts than altcoins. This fact explains the popularity of USDT Tether.

Most popular multi-currency wallets support USDT, and we will overview the six best wallets for USDT tether.

MyEtherWallet

MyEtherWallet supports the ERC-20 coins and Tether. It can be used as a non-custodial solution for Tether, e.g. the solution for short-term currency saving. MyEtherWallet is a relatively secure service, especially after rebranding from Vintage MyEtherWallet in 2019. The main security principle is that client’s funds are stored on the user device instead of the remote server, at least for a desktop version. The interesting fact: this solution is open-source, so each user can easily audit its code.

The users report there is no customer support available for this service. So, if you have some issues with your funds, you can email the help center or search for some help in the knowledge center and MEW community. Also, MyEtherWallet supports only ERC-20 coins and Tether: no other altcoins, no fiat currencies, and no in-built exchange. Thus, saying no negative words about MEW, we will consider other options.

OmniWallet

Omni is a special platform for the new generation of blockchain transactions. Initially, it was created for Bitcoin, but then it started hosting other blockchains and cryptocurrencies. In particular, the Omni protocol can host Tether.

Omniwallet lacks many useful and comfortable features, for example, the in-built exchange. The support for other currencies is very limited.  

Tether Wallet

Among all multi-currency wallets, Tether Wallet is created to store Tether, and it is an official wallet. Tether Wallet offers several common security measures, for example, two-factor authentication. However, in 2017 Tether Wallet was hacked by anonymous hackers. After a long lawsuit, Tether Wallet was banned in New York because their financial assets were not as large as they declared. Since that time Tether has improved its security measures to protect the funds of its users. 

Tether Wallet cannot be used for storing Bitcoin or for direct purchases. So, we’d recommend moving to a more modern and secure solution.

Coinomi

Coinomi is a complex multi-currency solution that appeared on the market in 2014. Service owners launched it keeping in mind three priorities: support for many crypto assets, high-level security, and in-built exchange service. This service supports up to 25 languages, including Chinese.

Coinomi supports over 250 crypto assets, 168 fiat currencies, and 1500+ assets at all. The support of multiple currencies is possible due to the integration with two exchange services, ShapeShift and Changelly. So, the wallet can be used for Bitcoin, Ether, Tether, and numerous altcoins. Coinomi is considered as one of the most secure online wallets, it is free of charge, and it has a simple and beginner-friendly interface. It makes this service a good choice for all crypto players.

Exodus

Exodus is a new entrant on the market, but it won the army of fans. First, it is a cross-platform application that can work with Windows, MacOS, Linux, and even Android. It has a desktop and mobile version, so it runs on PC and smartphones.

However, the main advantage of Exodus is its inbuilt Shapeshift exchange. The wallet owner can exchange cryptocurrencies in just a few taps, making deals with more than 100 currencies, including Tether. It is very fast and comfortable compared to online exchanges.

The Exodus wallet owner should be aware that any online wallet is less secure than a hardware wallet.

Ledger Nano S

Ledger Nano S should be one of the best USDT wallets and the most popular wallet among the newbies and non-technical wallet holders. There are two main reasons for this. First, it is a hardware wallet. To use this wallet, you should purchase a special chip. At the start you enter a PIN code that will lock the chip. You have to remember your PIN to access your wallet. However, if you forget your PIN, you can restore it using the recovery sheet. The last one is provided together with a chip, and the owner has to keep it safe and separate from the chip.

Second, this wallet is very easy to use, it requires no technical proficiency, so it is for every beginner. It supports more than 1000 coins, including Tether. It does not require huge disk space, and it is compatible with third-party software. Secure and easy to use – what else could a person need? The only thing you should be aware of: the loss of the chip is critical. Without it, you cannot restore access to your coins, so be careful.

Conclusion: Which Tether wallet is better to use

As you see, there are many propositions on the crypto wallet market, and each product has its own benefits. The best USDT wallets Exodus and Coinomi have the in-built exchange service; Ledger Nano S offers absolute protection from hacker attacks. Despite the option you use, it can become your favorite wallet.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.