7 Best Tether Wallet Options To Store USDT - Paybis Blog

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Analytical Guides Educational guides  8 minutes read

7 Best Tether Wallet Options to Store


USDT
In this article we will explain what you should look for in
the best Tether wallet.

 2  16,578 23/12/2019

Tether (USDT) is a cryptocurrency that is considered a stablecoin


stablecoin,,
backed by an equivalent amount of US dollars and “other assets”
for each one in circulation. While they are mainly held on
exchanges to trade cryptocurrencies, some traders desire to store
them privately.

In this list are the best Tether wallets you should be considering in
case you want to do that. 

Storing USDT can be a complicated matter, so let’s go through the


basics of the coin and how Tether wallets to function. 

What is a Tether wallet? 


Tether wallet is a secure method that allows users to store their
USDT off of exchanges. 

To do this, each wallet comes with a unique set of keys that helps
them locate their coins on the Blockchain. These codes are more
commonly known as:
A Private Key – which allows you to access your coins and
spend them. Anyone with access to this key can spend your
Tether. Always keep it safe and private. 
A Public Address – which allows users to receive or request
funds from others. This is the address you will be sharing with
anyone sending you Tether. 

Where it gets complicated with USDT, is that they can be found on


3 different Blockchains: Omni Layer, Ethereum and Tron
Tron.. This
means that there are 3 different USDTs which aren’t compatible
with one another. 

Not many are aware of this but sending USDT between wallets
from different Blockchains will result in a loss of funds. 

It goes without saying that it’s important you check what type of
Tether tokens you own on the exchange before you withdraw
them to your wallet. 

That being said, the checking process is quite simple: 

1. Check the address


USDT Omni Layer – they begin with a random string of
hexadecimal characters. 
USDT ERC-20 (Ethereum)  – they begin with a “0x”.
USDT TRC-20 (Tron) – they begin with “TX” 

2. Check with the exchange

Contact the customer support of the exchange or consult their


FAQ to be sure which type of USDT they host.

Once again, always double-check both the sending on the


receiving addresses when transacting Tether to ensure they are
compatible.  
compatible.

Now that you know how a Tether wallet works, let’s see what
features you should consider when choosing your own. 

What to consider when choosing a Tether wallet?

As we previously mentioned, the first thing you need to know is


what kind of USDT tokens you actually own. Next, you will need to
choose a compatible wallet from one of the following categories: 

Mobile wallets  – if you need to access their crypto multiple


times a day, these smartphone apps turn your phone into a
portable bank. Make sure you take good care of your phone
as losing it could affect the safety of your funds.
Web wallets – these wallets can be accessed through your
mobile phone or web browser. They are convenient and that
makes them popular, but be warned that security is not their
best feature. Therefore, ensure you add as many additional
layers of security as possible.
Desktop wallets – they provide better security than online
wallets and require specific software to encrypt and store
your keys. Your keys remain encrypted on your machine,
minimizing their exposure to hackers. 
Hardware wallets – these are highly secure, physical devices
that are specifically designed to store your crypto. You can
use them for both daily transactions and long term storage. 

Ok, that’s all for the basics! On to our list of the best Tether wallet. 

1. Best Mobile Tether Wallet  – Coinomi

Number of supported coins: 120+


120+

Tether Tokens Supported: Omni, ERC-20

ERC-20

Access: Mobile
Mobile

Mobile OS: Android and iOS

Being one of the most popular crypto apps on both Android and
iOS, this non-custodial mobile wallet allows you to store, buy and
sell more than 120 cryptocurrencies. 
The best thing about it, in this case, is that unlike any other wallet
in this list, it supports all 3 different versions of Tether tokens. 

While this definitely makes it stand out from the crowd, here are
some additional features you might want to consider.. 

Why you should consider using Coinomi Wallet

Great security – Coinomi is an HD (Hierarchical


(Hierarchical
Deterministic)) wallet that creates a seed phrase that stores all
Deterministic
the information needed to recover your private key.
Additionally, it also keeps you anonymous by encrypting your
IP address on their servers. 
Exchange integration – the wallet integrates different
cryptocurrency exchanges (Changelly
(Changelly,, Shapeshift
Shapeshift,, Binance
DEX), so you can trade and swap your coins without leaving
DEX),
the app or sending your coins to a 3rd party exchange. 

How to set up your Coinomi mobile wallet

This helpful video will guide you through the installation of the
app and the setup of your wallet. 

2. Best Web-based Tether Wallet – Guarda


Number of supported coins:40+
coins:40+ (+ERC-20 tokens)

tokens)

Access: Desktop
Desktop,, Mobile, Web

Web

Tether Tokens Supported: Omni, ERC-20

ERC-20

Mobile OS: Android and iOS

Guarda’s web version of the wallet is one of the best and most
popular on the market. It is a beginner-friendly interface and can
be accessed through any internet-enabled device. 

The wallet supports both Omni and ERC-20 tokens, adding some
versatility for storing Tether. 

Let’s check some of the advantages Guarda has over the


competition. 

Why you should choose Guarda wallet


Good number of supported cryptocurrencies – With a
choice of 40 popular cryptos, everyone should find a coin
that they like on the Guarda wallet. 
Multi-platform – there are 3 different versions: Web, Mobile,
and Desktop, with all mainstream operating systems,
covered. This way you don’t have to worry if you are
switching devices or platforms. 
Multitude of features – the wallet supports in-app
exchanges, a Chrome extension and staking support for
some coins. It offers a wide range of functionalities, all
packed in a user-friendly interface. 
Great Customer support – For a free-to-use app, their
support team is actually very helpful and there’s an extensive
knowledge base on their website that will help you find the
answer to most of your questions. 

How to set up your Guarda Web Wallet

Here’s a short video from the official youtube channel of the


Guarda team, going through the main steps of creating a web
wallet. 

3. Best Desktop Tether Wallet – Atomic


Wallet
Number of supported coins: 300+
300+

Access: Desktop, Mobile

Mobile

Tether Tokens Supported: ERC-20, TRC-20

TRC-20

Mobile OS: Android and iOS (beta)

Atomic is built with a focus on security, anonymity, and


decentralization, while at the same time offering a wide variety of
features.

Among the 300+ cryptos, it supports are ERC-20 and TRC-20


Tether tokens. Omni tokens are the only ones left out.

In addition to being a secure desktop wallet, Atomic supports


Atomic Swaps smart contracts and other integrated exchanges
like Changelly and Shapeshift.
Shapeshift.  

Let’s check the main benefits of the Atomic Wallet and why we
think it deserves a spot on your desktop. 

Why we recommend Atomic Wallet

Great Security – If you take all precautionary measures,


Atomic Wallet offers high levels of security. It encrypts your
keys on your computer and creates a seed phrase to help you
recover your wallet in case of a problem. 
Open-source – this feature significantly reduces the chances
of hidden pieces of code with malicious intent, as the source
can be checked by anyone. 
Powerful, yet easy to use – while it integrates great features
like in-app exchanges and atomic swaps, its interface is
extremely user-friendly and provides an enjoyable
experience. 
 

4. Best Tether Hardware Wallet – Ledger


Nano S

Number of supported coins: 1250+


1250+

Access: Ledger Nano S device

device

Tether Tokens Supported: ERC-20

Hardware wallets have risen in popularity in the past couple of


years and the Ledger Nano S is a best-seller with more than a
million units sold worldwide. 

This wallet provides unmatched levels of security and includes a


small OLED screen to help you keep track of your latest
transactions. 

Even though it only supports the ERC-20 Tether tokens, it still


remains one of the best ways to store your USDT. 

Why you should consider purchasing a Ledger


Nano S?

Cold storage – Your keys are kept on the device and are
always offline, eliminating risks of cyber-attacks. 
Specialized software and hardware – through the
combination of its proprietary BOLOS operating system and
the Secure Element chip, you can rest assured that no one
will be able to access your keys even if your device is stolen
or lost. 
Great accessibility – The official Ledger Live app gives you
the convenience of an online wallet, while still conserving all
of the security advantages of hardware wallets. 

How to set up your Ledger Nano-S 


Check out the following video for a detailed guide on using your
Nano S for the first time: 

Other great Tether wallets


5. Omniwallet (Omni) – this web wallet supports USDT issued on
the Omni protocol. It offers a simple interface for your daily wallet
needs and access to the Omni decentralized exchange. 

6. MyEther Wallet (ERC-20) – MEW is more commonly known for


being the best web wallet for Ethereum, but it also supports USDT
ERC-20 tokens. Through its clean interface, you can access a wide
variety of features like token swaps, purchasing ETH and many
more. Additionally, MEW offers support for all major hardware
wallets including Ledger and Trezor, adding another layer of
security to your transactions. 

7. Trezor One (ERC-20) – With similar entry prices as the Ledger


Nano S, the Trezor is an excellent hardware wallet. Both provide
high levels of security, with the Trezor lagging just step behind
because of the smaller number of supported cryptocurrencies. 

Wrapping up
To finalize, let’s take a look at our selection of best Tether wallets: 
Mobile wallet – Coinomi
Web wallet – Guarda
Desktop Wallet – Atomic Wallet
Hardware Wallet – Ledger Nano S

Finally, for our big winner, we decided to go with the Ledger Nano
S. It’s portable, affordable and provides good accessibility. 

The only disadvantage is its exclusive support of the ERC-20


Tether tokens.

If you own different types of Tether tokens and want full control of
your cryptocurrencies on-the-go, look no further than Coinomi
Coinomi. 

The mobile wallet supports all 3 USDT token types and offers great
security by letting you keep control of your keys.

Just remember that mobile wallets aren’t for long term storage
and that you should take all necessary precautions when
safeguarding your data. 

– FAQ Section – 
Do you still have questions regarding Tether wallets and the way
they work? We have compiled a shortlist with the most frequently
asked questions and answers.

What is my Tether wallet’s public address?

Your public address is where you will be receiving your USDT


tokens when you withdraw them from an exchange, for example. 

Since there are 3 different types of Tether (USDT) tokens that


reside on different Blockchains (Omni, ERC-20, TRC-20), you need
to be careful that the tokens involved in the transaction are from
the same type. For example, don’t store ERC-20 tokens in a USDT
TRC20 wallet.

What is my Tether wallet’s private key?

Your private key is the access code to your Tether tokens. Anyone
in possession of the private key can spend your Tether, so it’s
imperative that you keep it secret and safe on your wallet. 
After I install the best tether wallet, what is the seed
phrase I am told to store?

A seed phrase is a sequence of 12-20 words that wallets generate


in order to recover your lost private key. Make sure you write it
down on a piece of paper, as it will often be the only way to
recover the contents of your wallet in case of an issue. 

What Tether wallet can hold all 3 different Tether


token types? 

To our knowledge, only Coinomi can do this. Support of different


tokens is in the works on different wallets, but there are no ETAs
for any of these. 

How do I know that my Tether is compatible with


those that my wallet supports?

There are two ways to check this: 

1. By checking the public address:

USDT Omni Layer – begins with a random string of


hexadecimal characters. 
USDT ERC-20 (Ethereum)  – begins with a “0x”.
USDT TRC-20 (Tron) – begins with “TX”.
2. By contacting the support of your cryptocurrency exchange
or checking out their FAQ. 

2 Comments
Softros LM
04/12/2020 at 05:48

Hey, here is update for this article. I’ve installed Coinomi


wallet on my mobile phone and it doesn’t support USDT
TRC20 based accounts.

 Reply

Dimitris Tsapis
03/02/2021 at 10:37

Hey Softros,

Softros,

Thank you for letting us know about


Coinomi. We have adjusted the blog post
based on the latest information.

 Reply

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