Top 7 Best Tether (USDT) Wallets in 2022

If you want to trade crypto, it always helps to have a stablecoin like Tether (USDT) at hand to escape volatile market conditions. Tether is pegged 1:1 to the value of the USD, giving you a stash of crypto dollars for instant trading. Choosing your wallet is an important decision, and not to be taken lightly. Let’s take a look at the best USDTwallet to store your Tether!

What is a Tether Wallet?

A Tether USDT wallet is a piece of software that stores the data you need to access your Tether funds.

Every wallet has a public key, similar to an account number, and a private key, which you can think of as a password. These keys are strings of letters and numbers that correspond to your encrypted wallet software.

Related: Best Bitcoin Wallets

How to Choose a Tether Wallet

Several factors go into choosing the best ERC-20 wallet or TRC-20 wallet for your Tether funds.

It’s worth noting that there are different types of Tether tokens.

Customer support and ease of use are important.

The most common token types are USDT-Omni, based on the Omni layer of the Bitcoin blockchain, and USDT-ERC20, based on Ethereum. Other blockchains are used less commonly to host Tether.

This sounds more complex than it is! Tether can be hosted on different networks, and the main thing to remember is that certain wallets will only support one type of Tether.

On the other hand, some wallets support a number of currencies, or even an exchange to allow you to swap Tether directly from your wallet.

The best practice is to research the different types of Tether wallets as well as the features and limitations that come with each one. Our list below accounts for these factors, allowing you to make an informed decision and find the best wallet for your Tether holdings.

What to Consider When Choosing a Tether Wallet?

The first consideration is the different types of wallets available.
Hardware
Hardware
Desktop and Web
Desktop and Web
Mobile
Mobile

Hardware

Hardware wallets are physical devices that work like a USB flash drive, plugging into your computer or supported device. Hardware wallets store funds offline, adding a layer of security by reducing risk and making it more difficult for hackers to remotely access your funds.

The tradeoff is that these “cold wallets” sacrifice convenience for additional security, as they involve a little more setup than other options and the process of accessing your funds takes more time. These options are less appropriate for instant trading.

Some hardware wallet owners store large sums on hardware wallets and smaller sums online for quick trading. These are also the most expensive option for storing Tether.

Desktop and Web

These wallets are typically accessed through your computer or internet browser. Desktop wallets often store digital currencies on your device, while web wallets typically store the same data on remote servers.

Security is crucial when it comes to these wallets, so it’s important to be aware of whether they offer features like two-factor authentication (2FA) or multi-signature options.

Mobile

Mobile wallets are typically app that allows you to store your Tether coins. These wallets are generally easy for beginners to use. Again, the level of security is a deciding factor here. Not all mobile wallets offer customer support in case something goes wrong, and choosing a mobile wallet partnered with security firms is also a best practice.

An advantage here is the ease of access mobile wallet users enjoy on the go.

Our List of Wallets

Here are the best Tether wallets detailing their features and advantages.

2 Tether Wallet

Tether Wallet is a mobile wallet designed specifically for the storage of USDT funds.

  • Type of wallet: Mobile
  • Purchase cost: Free
  • Own exchange incorporated: Yes
  • Supports: USDT-Omni and USDT-ERC20
  • Ease of Use: Very easy

Pros (What We Like)

Tether Wallet is the official wallet for USDT, and a household name when it comes to storing Tether. It’s a straightforward solution suitable for beginners with a number of security features including 2-step authentication, and users can swap Tether for various other crypto assets.

Cons (What We Don’t Like)

It’s worth noting that the wallet treasuries were hacked in 2017, raising security questions. However, Tether Wallet has since taken quite stringent security measures to protect investors’ funds and reduce the chances of security breaches.

However, the wallet can’t be used to store Bitcoin or many other digital assets, nor can users spend their funds on goods and services directly.

3 MyEtherWallet

MyEtherWallet (MEW) is an open-source solution you can use to store Tether and ether (ETH).

  • Type of wallet: Mobile and desktop
  • Purchase cost: Free
  • Own exchange incorporated: No
  • Supports: USDT-ERC20
  • Ease of use: Easy

Pros (What We Like)

MyEtherWallet offers support for hardware wallets such as Ledger and Trezor. For a non-custodial solution, the desktop version is relatively secure as the funds are stored on the user device rather than on a remote server. The code is open-source, allowing users to freely audit it.

Cons (What We Don’t Like)

This wallet is for ether and ERC20 tokens only, and doesn’t other coins. There is no customer support available, as is typically the case with non-custodial solutions, so there are no staff on hand to help users in the event of lost funds or an issue with the Tether address.

4 OmniWallet

OmniWallet is a non-custodial web wallet used to store Tether on the Omni protocol.

  • Type of wallet: Web
  • Purchase cost: Free
  • Own exchange incorporated: No
  • Supports: USDT-Omni
  • Ease of use: Intermediate

Pros (What We Like)

OmniWallet is a tried and tested wallet that also offers Bitcoin and Omni Token support. It’s hosted on the Omni blockchain, one of the blockchains established to support USDT. Users control their own keys, appealing to crypto die-hards but potentially alienating users seeking custodial support.

Cons (What We Don’t Like)

The multi-currency support is very limited, and no exchange is available. Omni is suitable for holding Tether and Bitcoin, but sparse on other features, like many Tether Wallets. The UI is a little different from other solutions which some users can find confusing.

5 Coinomi

Coinomi is a multi-currency wallet that supports all types of Tether, and is perhaps the best desktop wallet out there.

  • Type of wallet: Desktop, mobile
  • Purchase cost: Free
  • Own exchange incorporated: No
  • Supports: USDT-ERC20, USDT-Omni
  • Ease of use: Easy

Pros (What We Like)

Coinomi’s main strength lies in its wide selection of currencies, with over 1,000 supported cryptos as well as the option to host on a desktop computer or mobile phone. The Coinomi wallet supports both main types of Tether.

Cons (What We Don’t Like)

Coinomi doesn’t support fiat currency, and it’s not possible to exchange cryptos with each other or with fiat in the wallet. While it’s suitable for storing various altcoins, Coinomi is a very limited solution when it comes to actually spending crypto. It’s also not possible to spend crypto on any real-world goods or services with Coinomi.

6 Binance Wallet

This solution is offered by the centralized Binance crypto exchange, one of the most widely-used exchanges in the industry.

  • Type of wallet: Web and mobile
  • Purchase cost: Free
  • Own exchange incorporated: Yes
  • Supports: USDT-Omni and USDT-ERC20
  • Ease of use: Intermediate

Pros (What We Like)

The Binance exchange wallet supports all kinds of Tether as well as the many other cryptocurrencies offered on the exchange. It offers security features such as 2FA.

Cons (What We Don’t Like)

Binance Wallet doesn’t have an option allowing users to actually spend their cryptocurrency on anything beyond other cryptoucurrencies, making it something of a closed-loop when it comes to usability. There are no banking services attached to the project.

The exchange user interface is also quite a bit more complex than on many competing exchanges.

7 Ledger Nano X

Ledger is a hardware wallet that supports over 1,000 cryptocurrencies including Tether. As a hardware wallet, Ledger is probably the best external wallet for cryptocurrency.

  • Type of wallet: Hardware
  • Purchase cost: £109
  • Own exchange incorporated: No
  • Supports: USDT-Omni and USDT-ERC20
  • Ease of use: Advanced

Pros (What We Like)

Ledger offers excellent security by keeping funds in “cold storage,” meaning the funds are kept offline when not in use. Hardware wallets are considered the most secure wallets.

Cons (What We Don’t Like)

Setups can be complicated for hardware devices, and these crypto wallets are arguably for more advanced users. User friendliness is a tradeoff, and there is no exchange and no banking services or related functionality.

Storing funds on a hardware wallet makes them less accessible than money kept in a online “hot wallets,” as it will take some time to plug in your device and bring funds online for use. This makes Ledger unsuitable for day-to-day use or capitalizing on sudden opportunities on the crypto markets.

Best Cold Wallet for Crypto

If you’re looking for the most secure Tether wallet available, a cold wallet might be the right choice for you. A “cold” or hardware wallet is a physical device which holds your keys. As a result, it is much more difficult for anyone to access your wallet remotely. They give you an added layer of protection from malware or phishing attacks.

To use a hardware wallet, you’ll need to plug it into a computer or supported device. You can unlock your wallet and access your keys with a PIN and a recovery seed phrase. A seed phrase is a list of words you’ll use to re-generate your keys. Then you can create a transaction and confirm it on your wallet’s display. 

There’s a wide range of cold Tether wallets for you to choose from. The best cold wallet will be the one that suits your needs and budget. Cold wallets are the most expensive option, however they offer the highest level of protection. 

Some traders will store the bulk of their funds in a hardware wallet and then use an insured software wallet like CryptoWallet for day-to-day trading online.

Ledger lets you store over 1,1000 different cryptocurrencies including Tether. They have three wallet options available, we have reviewed the Ledger Nano X and feel it offers great security. It supports USDT-Omni, USDT-ERC20 and USDT-TRC20 (Tether on the Tron Network), so it’s a great option for storing any Tether tokens you have.

Best Free Wallet For Cryptocurrency

There are many factors to consider when choosing a crypto wallet and one important thing to consider is the price. Hardware wallets can cost over $100 which can be a hefty initial investment. Many crypto traders prefer to use a secure free wallet. 

Free software wallets are by far the most convenient option. They can be set up in minutes and integrated with your mobile phone or browser. They usually don’t require KYC to trade solely in cryptocurrencies. 

However, free software wallets are often more susceptible to hacking or malware. Being constantly online means that your funds could be at higher risk in an online wallet. Here at CryptoWallet, we don’t believe you should have to choose between security and cost. 

We’ve partnered with BitGo, a leading custodian to assure all digital assets held in our free CryptoWallet wallet. So you can rest assured your crypto tokens are secure.

CryptoWallet supports the five highest-cap currencies including Tether in our free cryptocurrency wallet. This combined with our trading exchange, crypto card and fiat money support makes CryptoWallet an ideal choice. 

You can buy Tether using a credit or a debit card through our exchange and trade it with other cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH).

We’ve blended convenience, security and value into what we believe is the best free crypto wallet available!

Best Crypto Wallet: Tether Wallet FAQs

Let’s take a look at some of the most commonly asked questions around USDT wallets.

What is USDT Wallet?

A USDT wallet is used to store the Tether (USDT) stablecoin cryptocurrency. Let’s explain Tether first — each Tether coin is worth one dollar, and is backed by collateral and loans secured by the Tether Limited company. Traders use USDT to transfer crypto like Bitcoin to USDT in order to escape market volatility and maintain a stable value.

Tether is minted on the Ethereum network as an ERC-20 token as well as on Bitcoin.

There are multiple types of wallet that will store USDT, as shown in the article above. These include software wallets such as on your mobile phone or desktop, and also hardware wallets which are physical devices used to store the information needed to access crypto funds.

We’ve listed the best free crypto wallets as well as some paid options as well, letting you choose the best digital crypto wallet to suit your needs.

We believe we’ve created the best mobile crypto wallet in CryptoWallet because it allows you to store, trade, and even spend Tether anywhere you go. In our view, the best mobile wallet crypto can be stored in is one with many supporting features.

Of course, depending on your needs, you may prefer a hardware wallet or other solution!

Whatever you choose, the first step is in researching some of the different options available.

How to Open USDT Wallet?

Opening a USDT wallet can seem confusing, but it doesn’t have to be. Yes, there are many options that are technical, such as buying and setting up a hardware wallet for Tether (a physical device used to store your crypto).

However, you can also opt for the simpler solution. With CryptoWallet, you can simply download the app and follow the instructions to not only store Tether, but also trade it on the exchange and even spend USDT in stores with a crypto debit card.

After passing our security checks, you’ll automatically have opened your own USDT wallet along with wallets for Bitcoin, Ethereum, Ripple, and Litecoin. You can trade all of these coins in the in-app exchange and order a crypto debit card that allows you to spend crypto in stores.

Other options are also quite straightforward, and usually involve either downloading some software or making an online account. Whatever you choose, you should be up and running with your new UDST wallet in no time.

If you do choose to go with CryptoWallet, you’ll have full access to our range of features along with customer support. All funds are insured by BitGo, a world leader in asset protection.

Opening a Tether wallet with CryptoWallet is easy — download the app to try it out!

How to Buy Tether (USDT)?

You can buy USDT tokens on the CryptoWallet exchange with a card transaction, wire transfer, or by trading it for other cryptos. We worked hard to create the best crypto wallet for Android and iPhone — try it out for yourself!

How to Manage Your Tether (USDT)

You can hold USDT tokens for an unlimited amount of time on CryptoWallet. Funds are insured by BitGo. If you’re looking for the best free crypto wallet to keep your funds safe and insured, look no further!

What is the Best USDT Wallet?

The best USDT wallet is the one that suits your particular needs. The best crypto wallet for Android and iPhone might not be the best solution for someone looking for an offline, hard wallet solution, for example.

However, there are multi currency wallets that suit many purposes. CryptoWallet strives to be the best multi cryptocurrency wallet app by offering five high-cap currencies including USDT, as well as a trading exchange and crypto debit card solution.

We feel that we’ve created the best mobile wallet for cryptocurrency on the market by giving users a wide variety of features to choose from. Of course, not everybody wants these features! The beauty of the crypto space is that you have endless choices, and we’re simply here today to help you learn more about your options.

If you’re looking for the best crypto wallet for beginners, and one that offers insurance on all user funds, CryptoWallet is your best bet. For the best cold wallet out there, one which keeps your funds offline entirely, we recommend Ledger. Ultimately, the best USDT wallet is the one that suits your needs, and this is true for the best wallet app in general.

However, with spending, trading, and safety all in one, we believe that the best USDT wallet is right here at CryptoWallet! You can store, trade, and even spend your Tether (USDT) funds anywhere you go.

What is the best crypto wallet for Android?

Nowadays, many savvy crypto investors do all their day-to-day trading through their mobile phone. Having a mobile crypto wallet lets you take advantage of sudden market changes by being able to trade crypto wherever you are.

If you’re an Android user, you’ll want a mobile wallet that gives you all the functionality of a desktop wallet. With so many options available it can be hard to pick the right android crypto wallet for you.

Ease-of-use, speed and the ability to add and move funds seamlessly are all factors to consider. Ultimately the best android crypto wallet will be the one that matches your individual needs.

For some users, the ability to support a wide range of different cryptocurrencies is important. Coinomi is a good option as it supports over 1,000 different coins. It doesn’t support fiat money though so you’ll have to buy USDT with another wallet and use it to buy Tether. This adds an extra complication that can be daunting to beginners.

If you’re looking for a comprehensive multi-currency wallet for Android that offers speed, simplicity and the ability to buy crypto with fiat money, look no further! CryptoWallet comes as a handy Android app and supports a range of high-cap cryptocurrencies.

For added peace of mind, all your assets held by CryptoWallet are insured by BitGo. The CryptoWallet mobile app is available for free on Google Play. Download our app and get started trading crypto today!

Tether Wallet App

Trade Tether or spend it in stores using the crypto debit card. Opening a Tether wallet with CryptoWallet is easy!

World-famous custodian BitGo secures your funds, keeping your wallet safe. CryptoWallet is a multi cryptocurrency wallet that allows you to store five major cryptocurrencies including Tether, making it the best online wallet for convenient trading and storage of high-cap currencies.

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