10 Best Crypto Wallets to Store Tether (USDT) in December 2024

Storing your Tether via a secure crypto wallet is crucial, regardless of your location. You need to use a reputable, secure, and trustworthy crypto wallets to store Tether USTD and to maximize your security.

Despite its history and great metrics, what are the best places to store USDT? In the following guide, we’ll overview the best crypto wallets to store Tether USDT in 2024. Read on to learn more.

Best 10 Crypto Wallets to Store Tether (USDT)

Here are the 10 best crypto wallets to store Tether (USDT) safely and securely.

1. eToro: The Best Crypto Wallet to Store Tether (USDT)
2. Uphold: One of the Leading Crypto Wallets to Store Tether
3. Binance: Self-Custodial Crypto Wallet Offered by the Largest Crypto Exchange
4. Coinbase : A Great Crypto Wallet that Also Accepts a Range of Coins
5. Tether Wallet: Among the Safest Crypto Wallets to Store Tether
6. Exodus: A Well-Guarded Crypto Wallet to Store Tether
7. Ledger Nano X: Popular Crypto Wallet Providing Top-Notch Security
8. Coinomi: A Fantastic Crypto Wallet to Store Tether
9. TrustWallet: Top Cryptocurrency wallet supports Tether and Thousands of Coins
10. MyEtherWallet: The Most Secure Crypto Wallet to Store Tether and Major Cryptos

Best Crypto Wallets to Store Tether Reviewed

The following sections will review the top crypto wallets to store Tether USDT in 2024. We have personally analyzed each one, compare their supported coins, security features, fees, and more. Read more about each and pick and option that meets your needs.

1. eToro: The Best Crypto Wallet to Store Tether (USDT)

Our choice for best crypto wallets to store Tether is eToro. The eToro money wallet has a straightforward and user-friendly design that caters to both new and experienced investors. Furthermore, it offers a user-friendly mobile application. You can find and download applications from the Apple (iOS) and Google Play (Android) Stores.

Users who are new to the platform can benefit from the enhanced security measures that are available. It includes two-factor authentication (2FA) and the ability to access biometric data.

Reputable authorities also license and regulate eToro. These authorities include the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Industry Regulatory Authority (FINRA), and the Cyprus Securities and Exchange Commission (CySEC). Therefore, users can have peace of mind knowing that they can securely store their USDT coins and tokens while also accessing trading features.

Don’t miss: eToro Review 2024

is USDT available on eToro?

Yes, USDT is available on eToro. eToro also supports BTC, ETH, Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), and Polygon (MATIC).

Can I withdraw USDT from eToro?

Yes, you can withdraw USDT from eToro. The trader can accomplish this as long as they fulfill all the requirements set forth by the trading platform.

2. Uphold: One of the Leading Crypto Wallets to Store Tether (USDT)

The next top crypto wallet to store USDT is offered by Uphold. The brand is a well-known digital asset trading platform that operates in various areas of the financial sector. Launched in 2015, the company is well-versed in decentralized finance (DeFi). In addition to cryptocurrencies, the exchange also provides options for purchasing and selling precious metals and fiat currencies.

Uphold provides a wide range of over 250 cryptocurrencies for trading. This includes the top 250 digital assets by market capitalization, as well as stablecoins like USDT.

The digital asset trading platform enables you to buy cryptocurrencies from various countries. This is far more convenient than the usual foreign currency exchanges one may encounter while traveling.

Uphold offers its services in over 184 countries. The platform offers seamless foreign exchange and cross-border remittance options for its global members. The financial company has facilitated over $4 billion in transactions since 2015.

In addition, the platform holds various licenses in the United States and the United Kingdom. Uphold offers a range of products, including staking, a crypto card, and a flagship crypto wallet.

The Uphold crypto wallet is a custodial solution that enables you to securely store a variety of popular cryptocurrencies, including USDT. You can easily download the Uphold wallet on Android and iOS-supported devices.

Can I buy USDT on Uphold?

Yes, you can buy USDT on Uphold. Uphold functions as a custodial wallet, ensuring the platform holds your Tether tokens. They can only be accessed when you log into your account on the platform.

Can I withdraw USDT from Uphold?

Yes, you can withdraw your USDT tokens from Uphold. Aside from USDT, you can also withdraw more than 200 cryptocurrencies from the digital asset trading platform.

Which wallet can I use to buy USDT?

Several crypto wallets support USDT. One of these is the Uphold wallet.

3. Binance: Self-Custodial Crypto Wallet Offered by the Largest Crypto Exchange

Binance is one of the best places to store your USDT tokens. It is the largest cryptocurrency exchange in terms of daily trading volume. The cryptocurrency company began operations in 2017. The protocol eventually moved from the Ethereum ecosystem to its own network in September 2020.

You should know that Tether’s USDT constituted the majority of exchanges’ daily trading volume during 2023. The stablecoin dominated once again in 2024. Because of its popularity and daily usage, it has become the preferred coin on exchanges with peer-to-peer (P2P) options, such as Binance.

Binance is the largest market for USDT. The stablecoin recorded a daily trading volume of approximately $13 billion on Wednesday, June 5, 2024. Gate.io is the second-largest market. Bybit, OKX, HTX Global, Bitget, MEXC, BitMart, DigiFinex, and KuCoin make up the top 10.

The Binance Web3 wallet is a cryptocurrency wallet that seamlessly integrates with the Binance app. This provides a user-friendly experience. “We designed our platform to make your foray into DeFi both safe and easy,” Binance said.

The Binance Web3 wallet serves as convenient digital storage for USDT and other digital assets. It opens up a whole new realm of possibilities with blockchain-based applications, commonly referred to as decentralized applications (dApps). This wallet allows you to confidently handle your crypto assets. You can seamlessly exchange tokens across multiple blockchains. Binance allows users to earn rewards as well as engage with a variety of blockchain platforms.

Can I keep USDT on Binance?

Yes, you can keep your Tether digital assets on Binance. Binance is a centralized cryptocurrency exchange. It has the necessary licenses and certifications from some of the most reputable regulatory bodies worldwide. On Binance, you can keep your USDT as a custodial platform. This is great for novice or beginner traders. If anything happens, Binance representatives will assist you in locating your Tether stablecoins. While many platforms offer crypto wallets, Binance is one of the safest on the market.

Can I buy USDT with Binance?

Yes, you can buy USDT on Binance. There are several ways to buy USDT on the platform. You can buy the stablecoin from the spot trading sector. In addition to this, you can buy the largest stablecoin by market value through its P2P section. This is important for people who want to buy digital currencies using their local currencies. 

Can I sell USDT on Binance?

Yes, you can sell USDT on Binance. On Binance, there are several ways to sell USDT, similar to buying USDT. On Binance, you can sell your Tether digital assets directly. Aside from that, you can sell your USDT via P2P. 

How do I use USDT on Binance?

There are numerous applications for USDT on Binance. It is a stable asset, so it doesn’t go up or down. You can use your USDT to buy other cryptocurrencies such as ApeCoin (APE), Dogecoin (DOGE), Solana (SOL), and others. On Binance Earn, you can lock up USDT for approximately 10% of the annual percentage yield (APY).

4. Coinbase Wallet: A Great Crypto Wallet that Also Accepts a Range of Coins

Coinbase Wallet is one of the most sought-after cryptocurrency wallets in the current crypto climate. The creation of the cryptocurrency wallet took place in 2018. 

It came about when Ethereum began making waves with its smart contract blockchain. Many crypto enthusiasts believe this wallet is one of the best ways to enter the cryptocurrency market. 

The Coinbase wallet can help you manage and store your digital assets. More importantly, it can also help you store your non-fungible tokens (NFTs). The wallet can securely store and monitor all of your Ethereum, Base, Optimism, Polygon, and Solana NFTs in a single wallet. 

To put it simply, it is like having multiple wallets in a single location. This crypto tool also supports a vast number of dApps and tokens. Overall, it can hold thousands of digital currencies, including USDT. It protects your digital assets with cryptographic security. 

With multiple layers of security, the Coinbase wallet is impenetrable and safeguards all your digital assets. The wallet also supports Bitcoin, Ethereum, Solana, Dogecoin, and all ERC-20 tokens from Aave to Ox (ZRX). The Coinbase Wallet is a self-custody crypto wallet that allows you to manage your crypto, keys, and data. Basically, this wallet helps you smoothly navigate the decentralized web.

Coinbase wallet can be accessed via smart devices powered by iOS and Android operating systems. 

Is it safe to use Coinbase Wallet?

Yes, it is safe to use the Coinbase Wallet. Coinbase is one of the most secure crypto trading platforms in the DeFi space. As the largest cryptocurrency exchange by daily trading volume in the United States, it uses the latest security encryptions. The crypto wallet integrates all of these security encryptions. This has made it extremely impenetrable. No Coinbase wallet hacks have been reported, unlike other crypto wallets. 

What is the point of Coinbase Wallet?

The Coinbase wallet grants you access to the entire DeFi space. The wallet does not support Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar (XLM), and Ripple (XRP). Aside from the aforementioned coins, the wallet supports the top 50 assets by market capitalization. Most of these assets play an integral role in the NFT and growing Web3 sectors. Therefore, this wallet strives to guarantee the safe and secure storage of all crypto-related items on the platform.

5. Tether Wallet: Among the Safest Crypto Wallets to Store Tether (USDT)

Tether (USDT) mobile wallet can be downloaded from the Google Play and Apple Stores. This makes an accessible digital storage device. Millions of crypto traders have confidence in the self-custody USDT wallet. This is because it helps manage USDT. It also helps access Tether across multiple blockchains.

This storage tool also helps establish a connection with decentralized applications because many platforms access the stablecoin.

It allows the digital currency to be used on a decentralized exchange. You can also participate in NFT marketplaces. Further, you can earn interest on your Tether (USDT) and other crypto assets.

There are effortless security settings. Access to the wallet is yours, not Tether Limited’s representatives. To beef up security, you can utilize biometric and passcode features to safeguard your assets. Backup all of your wallets automatically and regain access with a single custom password.

Purchase, sell, and trade USDT. You can develop and oversee your cryptocurrency portfolio. You can buy the stablecoin using your bank account, payment app, or credit card. Within seconds, you can exchange between thousands of cryptocurrencies. You can protect your returns by trading into Tether or other stablecoins, or cashing out in local currency.

Monitor the markets. Maintain your awareness of the market by utilizing real-time data. Acquire in-app access to the news that matters. Stay updated on market fluctuations to make crucial investment decisions.

You can store all your cryptocurrency assets in a single wallet. Choosing this wallet will not make you a lone user. Millions of individuals have confidence in this multi-chain wallet. Obtain direct access to the public blockchains of Bitcoin, Bitcoin Cash, Ethereum, Avalanche, Polygon, and BNB Smart Chain using the Tether wallet.

What is Tether (USDT) wallet?

Tether wallets differ from wallets that support Tether (USDT). Tether Limited, the company behind the stablecoin. It is used as a digital storage device to store the stablecoin and other digital assets.

6. Exodus: A Well-Guarded Crypto Wallet to Store Tether (USDT)

Exodus, a non-custodial digital storage device, has garnered significant attention as one of the most secure crypto wallets. Launched in 2016, the wallet supports a variety of cryptocurrencies, including Tether.

The wallet is aesthetically appealing and well-designed, and it comes with a variety of features. One of the features is staking. Exodus makes it possible for their users to stake cryptocurrencies directly in their wallets. Staking in Exodus is one of the surest ways to generate consistent passive income.

Besides staking, users can directly exchange digital assets on the wallet. This means that holders of USDT can exchange the stablecoin for more than 100 different cryptocurrencies. Many reviewers have labeled Exodus as a fortress in the crypto wallet sector.

It is not surprising to come across questions such as: Is the Exodus wallet still secure and dependable?

Indeed, the Exodus crypto wallet boasts a user-friendly interface. This makes it suitable for novice or beginner users. Its robust and secure nature makes it the go-to storage tool for crypto veterans. The product’s features make it the perfect choice for the majority of mainstream crypto enthusiasts. If you are seeking a secure, user-friendly, and visually appealing wallet that provides a wide range of functions and features, consider Exodus.

The Exodus desktop wallet is presently accessible on desktops running Windows, Linux, and Mac OS X. Additionally, a mobile version is available for iOS and Android-powered smart devices. All available versions can be downloaded directly from the Exodus website. Moreover, you can download wallets from the Apple App and Google Play Stores.

Is Exodus a trustworthy wallet?

Yes, you can trust Exodus as a safe and secure crypto wallet. It has embedded the necessary security encryptions in its wallet, making the digital tool impenetrable. Remember, the security of a wallet depends on the device you install it on. Therefore, make sure to store it on a device that is free from viruses and malware. 

Can Exodus wallet get hacked?

Indeed, just like any other crypto wallet, the Exodus wallet is susceptible to hacking. While many traders and investors typically blame the issuing companies, the problem usually stems from individuals. In 2017, outdated Windows computers fell victim to the spread of Petya and WannaCry malware. The hackers were able to encrypt data and demand a ransom for decrypting it.

Is Exodus wallet safer than Coinbase?

No, the two wallets are all safe. Representatives of the companies behind the online storage devices have robust security measures in place. This explains why they consistently feature in the top crypto wallets for cryptocurrency storage.

 7. Ledger Nano X: Popular Crypto Wallet Providing Top-Notch Security

Ledger Nano X was released in 2019 as a hardware crypto wallet that intends to safeguard your digital assets. Hardware wallets are physical devices designed to securely store private keys. Many people prefer hardware wallets, such as the Ledger Nano X, because they are a secure way to store cryptocurrencies. They are offline devices, and this makes them less vulnerable to hacking.

With Ledger Nano X, you have the ability to store coins, tokens, and NFTS from a variety of blockchains. Solana, Ethereum, and Bitcoin are among the biggest NFT chains by all-time sales volume. The Ledger Nano X can store NFTs based on the aforementioned protocols.

Your Ledger Nano X wallet has the capacity to store more than 5,500 coins and tokens from a variety of blockchains. This comprises the most outstanding cryptos, such as Polkadot, Ethereum, Bitcoin, Solana, and the stablecoin, USDT. The crypto wallet also supports thousands of small-cap digital assets by market capitalization.

Ledger Nano X allows you to install the blockchain application of your choice through the Ledger Live app. This application tags itself as the companion crypto app for all Ledger devices. With this app, you can grow and manage all your assets in one place. You can buy, sell, and swap digital currencies. In addition, you can stake crypto and track NFTs.

Ledger Nano X’s Bluetooth Security

This crypto device’s Bluetooth connection allows you to stay connected to your smartphone while on the move. Some users have shown concern about the Bluetooth connection. Many of them believe this feature is a vulnerability that hackers could exploit. However, your Ledger Nano X wallet encrypts the Bluetooth connection from start to finish. Moreover, the device permanently stores your seed phrase, irrespective of the connection you are using.

In order to mitigate potential vulnerabilities, Ledger consistently implements firmware updates. Check your Ledger Live app periodically, and update your Ledger Nano X if an update is available. This way, your tokens will not be susceptible to any potential hacking incidents.

Ledger Nano X is interoperable

If you want to actively manage your portfolio by exchanging coins, staking, or yield farming on dApps, you can connect your Ledger Nano X wallet to other wallets. MetaMask and Phantom are among the wallets that are interoperable with the digital storage device. The Ledger Live app facilitates these connections.

Is the Ledger Nano X user-friendly?

Even if you are unfamiliar with cryptocurrency, the Ledger Nano X wallet is user-friendly. The process of setting up is simple. Once it is complete, you can begin transferring your cryptocurrencies from exchanges to your wallet for safekeeping.

How much can a Ledger Nano X Store?

The crypto wallet stores more than 5,000 digital currencies. More importantly, the digital storage device holds the top 100 digital assets by market capitalization.

Can I withdraw USDT from Ledger Nano X?

Yes, you can withdraw USDT and other cryptocurrencies from Ledger Nano X. According to the wallet provider, you can withdraw your USDT using bank transfers. So far, this is the only method supported by Ledger.

Which Ledger is best for crypto?

Ledger Nano X is the best wallet for storing crypto among all the others. It has here-and-now security features. Moreover, it caters to the requirements of the blockchain-driven economy.

8. Coinomi: A Fantastic Crypto Wallet to Store Tether (USDT)

Coinomi is the most effective cryptocurrency wallet that supports multiple blockchains. This wallet for storing USDT, one of the first crypto wallets on the market, is a non-custodial wallet that is free to use.

This means that users have complete authority over their cryptocurrency portfolios. With this, no financial institution has control over your crypto assets. The wallet is capable of accommodating thousands of crypto tokens. Coinomi supports more than 100 blockchains. This is quite impressive when compared to the number of blockchains supported by other wallets. If you are unable to locate a token among the ones made available on the wallet, you may manually add it to your Coinomi wallet.

Coinomi also boasts a number of additional features that distinguish it. It includes built-in crypto exchanges, enhanced privacy, and high-level security.

There are many positives associated with using Coinomi. It stands out for its capacity to host a wide range of cryptocurrencies, its private key storage, and its round-the-clock customer support.

Supports a diverse array of cryptocurrencies and blockchains

The Coinomi crypto wallet supports more than 125 blockchains. This enables the storage and exchange of more than 1,770 additional tokens. This includes significant cryptocurrencies such as BTC, ETH, USDT, Ripple (XRP), SOL, and DOT. To date, no other non-custodial crypto wallet has those metrics.

High level of security

Coinomi’s website claims that no wallet has experienced an attack or compromise since 2014. Coinomi’s security system includes a private key. Crypto private keys are secret strings of characters used to manage cryptocurrency transactions and control access to a cryptocurrency wallet. Recovery phrases are 12, 15, 18, 21, or 24 words. It also features a biometric lock on mobile devices. There is also a password option to safeguard your funds.

Coinomi is a live wallet, which means it is always online. However, you are responsible for storing your private key locally on your device. This suggests that hackers cannot access your key through an online attack because you are not storing your private keys on a platform that is always online.

9.TrustWallet: Top Cryptocurrency wallet supports Tether and Thousands of Coins

Trust Wallet came about after its founder, Viktor Radchenko, participated in numerous early ICOs. ICOs stand for Initial Coin Offerings. An ICO is a fundraising mechanism in which a project or company issues its own cryptocurrency or tokens to investors. Viktor Radchenko became intrigued by the prospect of efficiently managing and storing his numerous ERC-20 tokens.

In September 2017, he initiated the development of the Trust Wallet concept and completed the initial mobile application in approximately 21 days. This application was capable of sending and receiving ETH and ERC-20 tokens.

November 2017 saw the introduction of Trust Wallet, which quickly attracted a substantial number of users. Early users found the app’s “automagically tokens” feature particularly appealing, as it allowed them to identify and disclose any ERC-20 tokens linked to their address.

In March 2018, Radchenko and a small team transitioned to full-time work. Working full-time on the app helped them add features that addressed the growing number of requests.

Binance acquired Trust Wallet on July 31, 2018, as their inaugural acquisition. Trust Wallet contributed a secure, on-chain mobile wallet to Binance’s service offerings. During the acquisition, Viktor Radchenko maintained his position. Binance granted him autonomy as part of the agreement to continue leading the Trust Wallet initiative.

The Trust Wallet sets itself apart from its competitors in several ways. This includes its comprehensive coverage of various types of crypto assets, such as USDT, ETH, BTC, and others.

The wallet also supports a diverse range of blockchain integrations. The wallet focuses on simplifying unified integration on both sides. On the developer side, it also thrives on its open-source feature, which helps people build dApps.

Security Measures

In terms of security measures, the wallet comes with numerous protections and authentication procedures. It boasts an interface that is both sleek and effortless to navigate. It maintains an excellent security reputation and implements effective security protocols. Trust Wallet is one of the most exceptional and popular wallets for storing NFTs. Binance NFTs have an all-time sales volume of approximately $4 billion. As of June 6, 2024, global NFT market sales were down. Despite this, Binance NFTs continue to see above-average sales volumes. As a result, the bulletproof security measures in place will go a long way toward protecting all Binance-housed digital collections you may hold in your wallet.

Is Trust Wallet Safer than Binance?

No, Trust Wallet is not safer than Binance. Trust Wallet is non-custodial, while Binance is custodial. This means that on Trust Wallet, you have control over your digital assets. However, storing coins on Binance gives Binance control of your assets. Trust Wallet is highly decentralized. If something like a hack or scam happens, finding help is impossible.

While their customer support system works, there is little they can do to help since it thrives more on anonymity. That said, should something happen on Binance, you have a chance of seeing real results. This is because Binance is a registered platform with the necessary licenses and certifications.

Can Funds Be Stolen from a Trust Wallet?

Indeed, it is possible to steal funds from Trust Wallet. Numerous reports have circulated online about hackers making off with millions of dollars. Therefore, ensure that you adhere to the rules associated with using crypto wallets. Always use multi-factor authentication. Essentially, always check the App Store and Google Play Store for the latest Trust Wallet app. This will prevent hackers from exploring deficiencies in the old app and stealing your coins.

Can A Trust Wallet Be Hacked?

Indeed, the application has experienced numerous wallet hacks. Most of it occurred on devices susceptible to malware and viruses. Make sure to always update your operating system to the latest version. In addition to this, download and update your application constantly. This will be extremely useful in protecting your digital assets.

Where Can I Find TrustWallet?

You can download Trust Wallet from the Google Play Store and the Apple Store. Besides these, you can download an extension for Chrome, Brave, Opera, and Edge browsers.

10. MyEtherWallet: The Most Secure Crypto Wallet to Store Tether and Major Cryptos

Kosala Hemachandra is the founder and CEO of MyEtherWallet. MyEtherWallet stores Ethereum (ETH) coins, as its name suggests.

MyEtherWallet is a cryptocurrency wallet that facilitates wallet generation. It also assists with contract management. The Ethereum blockchain interacts with organizations to accomplish all these tasks. It is an open-source application that enables users to monitor and administer domains and collectibles on a unified portal.

MyEtherWallet enables businesses to exchange a variety of cryptocurrencies, purchase Ether (ETH) tokens, send Bitcoins to Ethereum, and transmit and receive stablecoins like USDT and ECR20 tokens. It provides a variety of features, including an array of accounts. Authentication via PIN code or facial identification (Face ID) bolsters security.

You can download MyEtherWallet from the App Store and Google Play Stores, just like almost all other crypto wallets. Prices can also be found and monitored. It even comes with graph charts. MyEtherWallet sends notifications when your balance is low. Furthermore, administrators have the ability to transmit or verify messages to verify wallet ownership.

MyEtherWallet enables the exchange of Ether coins with other cryptocurrencies, including Bitcoin, Litecoin, and DOGE. It is accessible at no cost. Assistance is offered through email. The platform also provides a variety of online resources that can assist you in your quest to dabble with crypto wallets.

What’s the Safest Ethereum Wallet?

MyEtherWallet is among the safest Ethereum wallets. Safest Ethereum wallets have bulletproof security systems. They also permit the storage of ERC20 tokens and Ethereum-powered NFTs.

How Secure Is MEW?

MEW supports multi-factor authentication. More importantly, it employs one essential feature: facial identification.

Is the MyEtherWallet App Safe?

Yes, it is one of the safest crypto wallets on the market.

Is MyEtherWallet Still Safe?

Yes, MEW is still a reliable and safe cryptocurrency wallet used by millions of Ethereum traders and investors.

How Does Tether (USDT) Compare to Other Stablecoins?

Tether is the most popular and largest stablecoin by market capitalization. The cryptocurrency has more than $112 billion in market capitalization. This makes it one of the few large-cap digital assets in a market of more than two million digital assets. On February 3, USDT recorded its lowest daily trading volume of $19 billion throughout 2024. The minimum daily trading volume for USDT in June was $34 billion. More than 120 crypto exchanges support the stablecoin.

It foresees at least $10 billion in daily trading volume on the largest exchange, Binance. Curve, Uniswap, Balancer, and PancakeSwap are decentralized exchanges (DEXs) that support the trading of the stablecoin. HTX Global, Gate.io, Bybit, Crypto.com, and BitMart are among the centralized exchanges (CEXs) that also support USDT.

Most people compare USDT with Circle’s USDC. USDC is the second-largest stablecoin by market capitalization. It has around $33 billion in market capitalization. It joins USDT in the top 10 cryptos in terms of market value. On January 21, 2024, USDC recorded its lowest daily trading volume of $2.2 billion. The minimum USDC trading volume for June was $2.5 billion. More than 100 exchanges support Circle’s stablecoin. Coincidentally, Binance stands as its largest market, recording a daily trading volume of over $500 million. Bybit, Jupiter, Uniswap, DigiFinex, Dodo, OKX, and Kraken complete the top 10 exchanges that support USDC. 

DAI is another competitor of Tether (USDT)

DAI is among the top 30 most valuable cryptocurrencies in the market. It ranks third on the list of the top stablecoins by market capitalization, with about $5.3 billion. DAI’s lowest daily trading volume in 2024 was around $63 million on February 4. In June, DAI recorded a daily trading volume of at least $222 million. More than 40 exchanges support DAI. Curve, Uniswap, ThorChain, HTX Global, Binance, Ox Protocol, Balancer, and BitMart support DAI.

Tether (USDT) above other stablecoins in many areas

USDT leads USDC by $79 billion in market value. This means that it is worth more than three times the market capitalization of Circle’s flagship coin. Tether also leads DAI by a little over $106 billion in value. This is more than 37 times the value of DAI. Mainstream exchanges, also known as centralized trading platforms, support Tether.

On the other hand, Circle has a mix of CEXs and DEXs, while DAI sees most of its daily trading volume come from DEXs. Collapses, hacks, and scams have plagued the crypto market. As a result, beginners normally experiment with CEXs before zooming into DEXs. It is possible, but stablecoins will struggle to compete with Tether. In 2024 and beyond, USDT will continue to reign as the ultimate stablecoin.

How We Selected the Best Crypto Wallets to Store Tether (USDT)

Many factors go into determining the best crypto wallet to store Tether. Below is an in-depth review of four recommendations that will assist you in selecting the optimal cryptocurrency wallet.

Different cryptocurrency wallet types

There are various designs of crypto wallets available to accommodate a wide range of preferences and needs. We have two main types of wallets: hot and cold. Software wallets (desktop, mobile, and online wallets), as well as exchange wallets, are examples of hot wallets that are online. Given the prevalence of online activities, we selected numerous hot wallets. Among others, we settled on eToro, Uphold, Binance, Coinbase, Tether, Exodus, Coinomi, TrustWallet, and MyEtherWallet. 

In contrast, cold wallets are offline and consist of hardware and paper wallets. We decided that the Ledger Nano X was the best cold (hardware) wallet.

We decided to explain in detail the differences between the two. More importantly, we also included hot and cold wallets to help you settle on the one you think would perfectly fit your needs.

Security

When it comes to cryptocurrency management, security is paramount. In all our selected wallets, we hammered on this subject. We want you to be cautious of wallets that do not incorporate robust security features, such as two-factor authentication (2FA) and encryption. Under Ledger Nano X, we made it clear that hardware wallets are often considered among the most secure solutions.

This is because they are mostly offline, and the additional layer of security they provide wards off internet threats. We also emphasized the importance of hot wallet security. Many of the chosen hot wallets have impenetrable security systems that make it difficult for hackers to break into them.

Ease of use

Particularly for individuals who are not acquainted with cryptocurrencies, the user interface and simplicity of a crypto wallet are essential. We searched for wallets that simplified the process of sending and receiving money through their user-friendly designs. Mobile (hot) wallets are generally more user-friendly and practical for daily transactions. Many people regard hardware wallets as difficult to use, but we chose one that is extremely easy to navigate.

Support for Tether (USDT)

The article is primarily centered on Tether stablecoin. Therefore, we had to find crypto wallets that support USDT. All 10 wallets support Tether Limited’s flagship cryptocurrency. MyEtherWallet supports Ethereum coins, but it also supports USDT ERC 20, which is becoming the most used USDT due to Ethereum’s current Proof-of-Stake (PoS) status.

Which is the best USDT wallet?

eToro is the best USDT crypto wallet for investors who want to store their digital assets on a cryptocurrency exchange. Ledger Nano X is the best USDT wallet for those who want to store their stablecoins in a cold wallet. Trust Wallet is the best USDT wallet for crypto enthusiasts interested in wallet-specific storage devices. These wallets support a range of digital assets. They are extremely accessible and secure.

What is the Best Offline Wallet for Crypto?

Here are some of the best offline crypto wallets.

• Ledger Nano S Plus: A hardware wallet manufacturer that is both straightforward to use and simple to set up, with a strong security record.
• Trezor Model T: The original inventor of the hardware wallet, this device features a large screen that is incredibly user-friendly.
• Foundation Device’s Passport: Multiple security validation checkpoints, air-gap features, and an unassuming mobile phone appearance.
• Coldcard MK 4: A sophisticated wallet that offers a plethora of features for conducting bitcoin transactions.
• ELLIPAL Titan 2.0: Utilizes air-gapped technology to verify transactions and is equipped with a camera capable of scanning QR codes generated by its native application.
• BitBox02: secure semiconductor technology, Micro SD backup, and USB-C connector.
• Blockstream Jade: Air-gapped functionality.
• NGRAVE: Supports over 1,000 cryptos and operates completely offline using QR codes.

Conclusion

Crypto wallets are an integral tool for all stakeholders in the digital currency world. We use it to store digital coins, tokens, and NFTs. This is why you should thoroughly research any wallet before storing your valuable digital assets on it. Just like investing in cryptocurrencies, you must always weigh the pros against the cons.

The guide on the best crypto wallets to store Tether (USDT) made mention of some of the most used storage devices across the DeFi world. The guide gave an in-depth review of nine of the best hot wallets. Millions of people patronize the best cold wallet, which the article also covered.

We highlighted what sets USDT apart from its competitors. We also explained the process of selecting the top 10 crypto wallets. It ended with the best USDT wallets for exchange users, cold wallet users, and wallet-specific users.

References  

1. https://coinmarketcap.com/view/stablecoin/
2. https://ccdata.io/reports/stablecoins-cbdcs-report-february-2024
3. https://coinranking.com/coin/HIVsRcGKkPFtW+tetherusd-usdt/exchanges

Here are some of the most frequently asked questions about the best crypto wallets to store Tether (USDT).