When looking to add stablecoins to your crypto portfolio, one important decision to make is how will you store them? Not all wallets that accept Bitcoin accept stablecoins, or in this case, Tether. As Tether is an ERC-20 token, it is compatible with Ethereum wallets. Let’s uncover the top 5 Tether (USDT) stablecoin wallets.
What Is Tether (USDT)?
Tether is a type of cryptocurrency known as a stablecoin. Stablecoins are digital assets that are pegged to a specific fiat currency, meaning that their price is always dictated by the fiat in question. In Tether’s case it is pegged to the US dollar, signifying that 1 USDT will always equal $1. Tether is backed by reserves in US dollars, ensuring that for every 1 USDT in circulation there is also $1.
The advantage of having a fiat-pegged cryptocurrency is that users can enjoy the convenience of using digital currencies, without having to suffer from the oftentimes volatile markets. Tether has experienced a wide increase in adoption, so much so that the ERC-20 token has climbed to the top 5 cryptocurrencies based on market capitalization.
Top 5 Tether (USDT) Stablecoin Wallets
There are many different types of cryptocurrency wallets, so while we’re going to dive into the top 5 Tether (USDT) stablecoin wallets, we will also be spanning a variety of options. In this list we will give you the best option in each category, namely:
- Desktop Wallets
- Mobile Wallets
- Web Wallets
- Hardware Wallets
It is important to remember that hot wallets (desktop, mobile and web) are software wallets that are always connected to the internet, while cold wallets (hardware) are stored offline and offer a more secure solution.
Best Desktop Wallet For Tether (USDT)
This desktop wallet stores users’ private keys on a software program on the user’s computer only (no keys are saved to any external servers). Users can easily access their cryptocurrency, and enjoy the easy to use interface that this USDT wallet provides. Exodus supports over 100 different cryptocurrencies, and charges no deposit or withdrawal fees.
- No KYC
- No registration
- 24/7 support
- Supports over 100 crypto assets
- Private keys on user’s computer only
Best Mobile Wallet For Tether (USDT)
This USDT wallet supports over 1,770 different crypto assets, allowing users to store their portfolios securely on iOS and Android, as well as Windows, Mac, and Linux. Coinomi charges no fixed commission, and allows users to select the best price ratios when it comes to transaction fees. Coinomi is easy to use, convenient, and onboards advanced safety features.
- Dynamic transaction fees
- Supports over 1,770 crypto assets
Best Web Wallet For Tether (USDT)
The developers at Tether created a Tether wallet specifically for investors. This wallet is designed solely to store USDT and is compatible with Android and iOs devices.
Oobit offers a military-grade storage solution. Partnering with GK8, the platform uses an air-gapped vault designed by cybersecurity experts to store all their and their customers’ cryptocurrencies. The wallet remains offline, out of reach from hackers, however is still able to create and execute blockchain transactions.
- One account to buy, sell and store crypto
Best Hardware Wallet For Tether (USDT)
This hardware device offers a Tether wallet on the go. The device uses bluetooth technology and an app linked to a phone that allows users to conveniently store, and then use, their cryptocurrencies. With encrypted bluetooth and the private keys stored safely (and only) on the secure chip, the Ledger Nano X offers a very secure option.
- Cold wallet storage
- Convenient bluetooth connection
- Supports 1,100 crypto assets
Store Your Tether Conveniently and Securely
Whatever you may use Tether for, ensuring its security remains highly important. So whether you’re more inclined for a hardware wallet or a mobile one, whatever your pick, here are the top 5 Tether (USDT) stablecoin wallets. You can buy Tether instantly and securely here.