USDT is a fiat-collateralized stablecoin backed primarily by US Dollar reserves, which include cash, short-term US Treasury Bills, commercial paper, and other cash-equivalents.
It is the leading stablecoin in the DeFi market due to its crypto functionalities, liquidity (it powers over 70% of trading pairs in the crypto market), and use cases outside DeFi/crypto trading.
Despite the fierce competition, USDT developed a strong network connection and effect by being integrated into virtually all crypto changes and blockchain networks, so it’s the default choice for retailers and investors. Call it first-mover advantage.
With all those use cases and benefits, you’re probably wondering: what is the best USDT wallet, and which one provides the most benefits? Well, you’ve come to the right place.
For each wallet, we will review the key features, security mechanisms, pros and cons, and how to choose the best USDT wallet, weighing important factors before making a final decision.
Let’s dive in.
Quick Navigation
- The 7 Best Tether (USDT) Wallets
- MetaMask – Best USDT Web Wallet
- Trust Wallet – Best USDT Mobile Wallet
- Coinomi – Best USDT Desktop Wallet
- Coinbase Wallet – Most User-Friendly USDT Wallet
- Exodus Wallet – Best for Hardware Wallet Integration
- Trezord vs. Ledger – Which is the Best Hardware Wallet for USDT?
- Ledger – Nano X vs. Nano S Plus
- Types of USDT Wallets
- Factors to Consider When Choosing a USDT Wallet
- Best USDT Wallets – Closing Thoughts
The 7 Best Tether (USDT) Wallets
The following article explores and details the best USDT wallets in the market. These wallets were chosen based on their level of security, flexibility, fees, and overall functionality.
MetaMask – Best USDT Web Wallet
One of the best USDT wallets for security and privacy, MetaMask is a household name in the crypto industry. It supports over 500K digital assets built on the Ethereum ecosystem, including NFTs.
MetaMask is renowned for its robust focus on security, privacy, and decentralization, making it the favored choice for users regarding those key elements. It’s non-custodial and can be installed as a browser extension without disclosing personal information. All you need to do is save your secret recovery phrase (SRP), a 12-word phrase generated when setting up a MetaMask account.
MetaMask might not be the most user-friendly wallet, but it is versatile once you get a grip. The wallet supports ERC-20 tokens and NFTs storage and EVM-compatible blockchain networks, such as Binance Smart Chain (BNB) and Polygon (MATIC). MATIC and ETH are available for staking on the Stake section of MetaMask.}
Nevertheless, you’ll likely notice certain limitations, like the fact that it does not support Bitcoin (BTC) and its customer support is rather lackluster.
Besides USDT, MetaMasks also supports a wide range of stablecoins, including USDC, DAI, and more.
Notable features of MetaMask:
- Smart transactions: Users can opt to submit transactions to a virtual memory pool before they are confirmed on-chain. This feature counteracts MEV (maximum extractable value) strategies by simulating transactions behind the scenes in the virtual memory pool (and also lowers transaction fees).
- MetaMask Swap: Seamless token swaps within the MetaMask wallet, whether on the browser extension or mobile app. It aggregates data from several DEXs to find the best prices with low slippage. MetaMask charges a service fee of 0.875%, which is automatically factored into each quote, aka, into each token swap and transaction.
- Fiat purchases: Users can purchase cryptocurrencies with fiat money, with over 75 tokens from 8 different blockchains. To do so, click on the “Buy” tab and choose your region and the asset you wish to buy.
- MetaMask Staking: Users can stake ETH and MATIC directly from their wallets with liquid staking providers like Lido and Rocket Pool.
- DeFi Hub: MetaMask is one of the largest hubs for decentralized applications on Ethereum, allowing users to access thousands of Web3 apps and dApps.
- MetaMask Security: MetaMask is considered one of the most secure USDT wallets, providing multiple security mechanisms to safeguard users’ funds and their identities. It also provides security vaults, which safeguard users’ identities, allowing them to interact with ERC and other tokens across various browsers.
- HD Support: MetaMask can be integrated into a Ledger wallet if you want to withdraw your funds from the Internet.
Pros & Cons of MetaMask
Pros explained:
- Robust security, with user anonymity and control over private keys being prioritized.
- Supports a wide range of digital assets, including cryptocurrency coins and tokens, and NFTs
- Versatility —it supports ERC-20 tokens and storage of NFTs, along with compatibility with multiple blockchains such as the BNB Chain and Polygon.
- Allows users to access and explore thousands of dApps of different kinds, including GameFi, NFTs, Metaverse, and more
- Supports staking and airdrop rewards (staking is supported on the Ethereum mainnet)
- Has hardware wallet integration: Ledger.
Cons explained:
- A single-wallet recovery phrase across all supported devices is similar to having the same password for every account you own.
- Lack of support for Bitcoin
Trust Wallet – Best USDT Mobile Wallet
Trust Wallet is one of the best USDT mobile wallets on the market. It supports millions of digital assets and over 70 blockchain networks.
Owned by Binance, the world’s leading cryptocurrency exchange, Trust Wallet allows users to buy, sell, and swap crypto, collect and trade Non-Fungible Tokens (NFTs), and explore decentralized applications (dApps) on Ethereum and the BNB ecosystem, all in a single app.
On November 14, 2022, Trust Wallet introduced a browser extension to enhance the Web3 experience, accommodating Ethereum, Solana, and EVM chains such as BNB, Avalanche, and Polygon.
Trust Wallet is free to use and requires no subscriptions or extra payments. Moreover, it does not charge for swaps or in-app transactions, though users are subject to network fees that may fluctuate with network congestion.
That means Trust Wallet makes money through in-app crypto purchases, which are 1% on top of the fees charged by third-party exchanges. However, you might be eligible for a discount if you hold TWT, Trust Wallet’s native token.
Notable features of Trust Wallet:
- Flexible purchasing options: Users can acquire cryptocurrencies from third-party platforms like Mercuryo, MoonPay, and Simplex.
- dApp Browser: It allows users to interact with decentralized applications like Uniswap, Compound, and Aave and access NFT marketplaces like OpenSea to view, collect, and trade NFTs (note that this functionality is available as “Discover” on iOS devices).
- Staking Rewards: Trust Wallet lets users stake select cryptocurrencies and earn rewards. Around 23 cryptocurrencies are available for staking, including Ethereum (ETH), Binance Coin (BNB), TRON (TRX), Tezos (XTZ), Cosmos (ATOM), Osmosis (OSMO), and Kava (KAVA). APRs vary per coin and are displayed directly on the Trust Wallet staking section.
- Seamless Inter-wallet Transfers: Users can effortlessly transfer cryptocurrencies from other wallets to Trust Wallet using various authentication methods.
- Trust Wallet Security: Trust Wallet offers several security measures, such as biometric access, auto-lock time to prevent unauthorized access, encrypted private keys, 12 password/seed phrases, and 2FA. It’s generally considered a secure wallet, scoring 3.9 and 4.0 out of 5.0 on GetApp and Trust Pilot.
- HD Support: You can always connect your Trust Wallet to a hardware wallet like Ledger if you need an extra security touch.
Pros & Cons
Pros explained:
- It supports a robust set of digital assets, including millions of cryptocurrency coins and tokens, 600 million NFTs, and 100 blockchain ecosystems.
- Offers a dApp browser, allowing users to explore DeFi apps of all kinds, including DEXs, lending and borrowing platforms, staking apps, and more
- Allows users to stake over 23 cryptocurrencies, including Binance Coin (BNB), TRON (TRX), Tezos (XTZ), and Cosmos (ATOM)
- Audited and certified by CertiK, Kudelski Security, and Halborn
- Has hardware wallet integration: Ledger
- User-friendly setup and browser extension available
Cons explained:
- Though users can contact the team via email or submit tickets to a chatbot, customer support has often been deemed limited or negligent. Users often criticize the lack of support tools and resources for a better user experience.
- The Android source code for Trust Wallet has been neglected for several years, unlike its iOS version, which is constantly updated and available on GitHub.
Coinomi – Best USDT Desktop Wallet
Coinomi is a popular multi-language cryptocurrency wallet praised for its robust customer support and user-friendly interface, allowing users to buy, sell, trade, and swap thousands of cryptocurrencies across over 100 blockchain networks.
Notable Features of Coinomi
- Multi-language: with over 20 different languages to choose from.
- User-friendly Interface: It is probably one of the easiest wallets to navigate while still offering a wide array of features and options for more advanced users.
- Integrated Exchange and DEX: Coinomi allows users to swap tokens using a built-in exchange or an integrated DEX for more advanced options.
- Live Chat Support: Coinomi stands out due to its 24/7 live chat support and Knowledge Base page, which provides extensive educational content regarding privacy and security practices.
- Domain Addresses: Coinomi is one of the few wallets that allows users to register and use an FIO or Unstoppable Domain address instead of long, public addresses.
- Coinomi Security: Coinomi is one of the best USDT wallets due to its multi-layered security architecture, significantly reducing the risk of attackers or hackers gaining access to user accounts. These layers include an alphanumeric password, a 24-word mnemonic phrase, and a private key, ensuring only authorized individuals can transfer funds from the wallet.
Pros & Cons of Coinomi
Pros explained
- Zero Transaction Fees: Coinomi users enjoy fee-free transactions, although standard network fees apply.
- Multilingual Support: The wallet interface is available in up to 25 languages, catering to a diverse user base worldwide.
- Wide Blockchain Support: Coinomi supports over 125 blockchains, facilitating access to over 1000 cryptocurrency coins and tokens.
- Flexible Security Options: Users can enhance their accounts’ security by choosing from various security measures, including passwords, biometrics, combinations of both, or a BIP39 passphrase.
Cons explained:
- Lack of Two-Factor Authentication (2FA): Coinomi does not offer 2FA, but other security options are available.
- Incompatibility with Hardware Wallets: Coinomi does not integrate with hardware wallets, limiting options for users who prefer a combination of cold and hot wallet solutions
Coinbase Wallet – Most User-Friendly USDT Wallet
Coinbase Wallet is a secure, non-custodial wallet for cryptocurrencies. It offers storage for over 100,000 digital assets, NFT management, and access to decentralized applications. It supports various networks, including Bitcoin, Ethereum, and others, and Layer-2 solutions like Arbitrum and Optimism.
Coinbase Wallet supports USDT across different blockchain networks, including BNB Chain, Ethereum, Polygon, and more. Moreover, users can either swap tokens or use the in-app buying option —all of the cryptocurrencies available on Coinbase can be bought within Wallet through debit card purchases.
Users can also stake their assets within the wallet. There’s another option for staking liquid ETH; however, certain rules and conditions should be considered first, such as extra commissions for validators and gas fees.
Notable features of Coinbase Wallet
- Swap, Trade, and Buy: Coinbase Wallet is flexible in its crypto offerings, allowing users to swap over 100,000 cryptocurrencies across popular networks such as Polygon, Ethereum, and Solana.
- User-friendly and Easy to Set up: Coinbase Wallet is available as a browser extension for Chrome, Brave, and mobile devices (iOS and Android).
- Privacy: Coinbase Wallet does not require you to disclose any personal information. You can set up a username and profile and decide whether it can be searchable.
- Username Address: Usernames can be used as a substitute for network addresses to send and receive cryptocurrencies and NFTs.
- Coinbase Wallet Security: Coinbase employs a robust security framework that protects users’ identities and funds, conducting regular security audits and upgrades.
- Security: Like other wallets, Coinbase Wallet leverages a 12-word seed phrase that users must insert if they already have an account or want to access it on another device. Other notable security features are biometric access, passwords, 2FA, security locks, and more.
- HD Support: Another perk is the interaction with Ledger, allowing users to move their funds to a hardware wallet.
Pros & Cons of Coinbase Wallet
Pros explained:
- Offers 24/7 customer support, along with a help page and email support.
- Supports liquid Ethereum staking (besides regular staking).
- Simplified payments and user-friendly layout.
- Easy setup: available to download as a browser extension or mobile device with easy installation setup.
Cons explained:
- The desktop version is more user-friendly and versatile than the mobile version, offering additional features such as the Community tab, where users can interact with each other..
Exodus Wallet – Best For Hardware Wallet Integration
Exodus is a versatile, non-custodial crypto wallet that supports over 50 blockchain networks. It’s available as a desktop wallet, browser extension, and mobile app on iOS and Android.
The wallet supports various blockchain networks, such as Ethereum, Solana, BSC, and Algorand, allowing users to explore and interact with dApps across different ecosystems. It also supports NFTs and provides hardware wallet integration with Trezor.
Exodus has an interesting policy: the wallet is as secure as the device it’s installed on.
In other words, you’re solely responsible for what happens to your wallet; if you lose your mobile device or leave your browser open and the wallet is visible —or in any case where the devices are compromised— your funds are at risk.
That also means Exodus does not provide any extra security mechanisms, such as 2FA, security locks, scam alerts, etc. However, the Exodus team does provide constant updates about the wallet states and informs users if any vulnerability has been patched.
Notable Features of Exodus Wallet
- HD support: Exodus supports hardware wallet integration with Trezor, specifically Trezor Safe 3.
- Fiat on-ramp: Exodus facilitates the purchase of cryptocurrencies with fiat currency through services like Moonpay, Ramp, Sardine, and Robinhood Connect (availability may vary by location). Users can buy crypto using debit or credit cards and have it deposited directly into their Exodus wallet.
- Built-in Exchange: Exodus provides a built-in exchange, which allows users to trade and manage crypto portfolios without recurring to external crypto exchanges.
- Crypto staking: Like other wallets, Exodus supports in-app staking. Some popular wallets are ETH, SOL, ADA, ATOM, etc.
- Transaction export: Exodus allows users to export their crypto transaction history for tax purposes, exported in a .csv file format.
- Browser extension: Exodus provides a feature-rich browser extension that allows users to access dApps, manage NFTs, swap and stake assets, and more.
Pros & Cons of Exodus Wallet
Pros explained:
- Easy setup: Setting up Exodus on desktop, browser, or mobile devices is straightforward. Users can create and synchronize a single wallet across devices using a 12-word seed phrase.
- Robust customer support: Exodus provides customer support through chat and email services, help pages, and even dozens of articles on security practices.
- Regular updates and communication: The wallet provides updates and security reports every two weeks. However, users must manually update their wallets via Exodus’s official website.
- Supports staking: Exodus supports staking, allowing users to put their crypto to work directly through the wallet.
Cons explained:
- Exodus lacks traditional two-factor authentication (2FA), meaning that, in reality, users rely solely on their passwords for security. This omission poses risks if passwords are compromised.
- It’s not open source; the software code is not accessible or cannot be modified by the public. This is often considered a lack of transparency that prevents users and external developers from independently reviewing the wallet’s security mechanisms and overall reliability.
Crypto.Com Wallet: Best Wallet for USDT Trading
Crypto.com Wallet is the official non-custodial hot wallet from the Crypto.com exchange, one of the largest trading platforms in the crypto market.
Unlike Crypto.com’s centralized infrastructure, Crypto.com Wallet is fully decentralized and self-custodial, so the exchange does not hold your private keys nor can’t access your seed phrases. Instead, this wallet prioritizes autonomy and allows users to manage over 800 cryptocurrencies independently across over 30 blockchains, including Ethereum, Bitcoin, Solana, and Polygon.
Besides crypto storage and management, Crypto.com Wallet connects with the broader DeFi ecosystem, allowing users to interact with lending apps, staking protocols, decentralized exchanges, and more.
For those trading on Crypto.com, it’s the go-to choice for trading with USDT pairs on multiple markets.
Notable Features of Crypto.com Wallet
- Self-Custody: The wallet is non-custodial, so users remain in control of their private keys and funds,
- Security Measures: The app has biometric authentication, two-factor authentication, and Secure Enclave encryption for Apple devices.
- Supported Cryptocurrencies: It supports over 800 cryptocurrencies across 30+ blockchains, including popular layer-2 solutions.
- Web3 and DeFi access: It allows users to connect to several Web3 apps and DeFi projects, including staking, lending, NFTs marketplaces, and more. It also comes with a built-in exchange for direct swaps.
- Device Compatibility: Available as a mobile app for iOS and Android, as well as a browser extension for Chrome, Edge, and Brave.
Crypto.com Wallet charges a 0.3% service fee for token swaps conducted within the wallet. Besides, there are no deposit fees, but a downside is that withdrawal may incur fees that vastly depend on the asset. No additional costs except for paying blockchain-specific gas fees.
Pros and Cons of Crypto.Com Wallet.
Pros explained:
- Complete control over private keys enhances security and privacy.
- Extensive support for cryptocurrencies, NFTs, and DeFi services.
- No ID verification/KYC checks are required for wallet setup.
- Direct token swaps and seamless dApp integrations.
Cons explained:
- Not beginner-friendly, as its user-interface may be overwhelming for new users.
- Limited customer support compared to custodial wallets.
- Charges withdrawal fees, which depend on the asset and there isn’t a specific structure to follow.
Trezor vs Ledger – Which is the Best Hardware Wallet for USDT?
Both Trezor and Ledger offer high-security cold wallets with strong encryption and private key protection. Here’s what you should consider:
- Ledger wallets are more compact, while Trezor devices offer a better user experience with a touchscreen interface. However, Ledger’s firmware is closed-source, while Trezor’s is open-source.
- Both Trezor and Ledger support thousands of cryptocurrencies, with Trezor’s Safe 5 accommodating 9,000+ assets, while Ledger’s range often oscillates between 3,000 – 5,500.
- Pricing: Trezor products are considerably more expensive than Ledger’s.
Trezor – Safe 3 and Safe 5
Trezor supports USDT and a vast selection of cryptocurrencies. The company’s most recent products are Trezor Safe 3 and Safe 5.
The Trezor Safe 3 is a more budget-friendly option, priced at $79, but it supports over 8,000 cryptocurrencies and comes with a compact design and simple user interface.
The Safe 5, on the other hand, is a more advanced version with several key upgrades:
- Supports over 9,000 cryptocurrencies.
- Has MicroSD card authentication for added protection.
- Features a 1.54-inch color Gorilla Glass 3 screen for improved navigation.
- Provides greater flexibility in seed phrase management.
It obviously is more expensive, costing approximately $170. But overall, both models are practical options for storing and moving USDT, but the final decision depends on your needs (and budget).
Moreover, Trezor is compatible with multiple operating systems, such as Linux, Microsoft, and Mac, and for mobile devices on iOS and Android through the Trezor Suite Lite app. You can also find it in our best hardware wallets guide.
Ledger – Nano X and Nano S Plus
Ledger is another behemoth manufacturer offering a robust suite of products for USDT and thousands of other cryptocurrencies, including hardware wallets and software applications for managing cryptocurrencies.
Generally, two hardware devices from Ledger are quite in demand in the market, on budgets and use cases: Ledger Nano S Plus and Ledger Nano X.
The S Plus model, priced at $80, is a reliable entry-level hardware wallet with solid security features, including EAL6+, ideal for users who mainly use their wallets on a desktop or laptop device.
The Nano X is more of a premium model, costing around $150, and comes with Bluetooth connectivity, a larger screen, enhanced storage capacity, and more features.
USDT Use Cases Explained
Stablecoins can be considered the main form of real-world assets ever to exist: a tokenized version of a fiat currency, like the US Dollar. But what can users do with a stablecoin like USDT? Here’s a quick breakdown:
- The primary and most important use of USDT is to hedge against the volatility of other cryptocurrencies or to quickly move in and out of crypto positions without converting back to fiat currency. For example, in times of extreme volatility, crypto investors tend to readjust their portfolios by converting a percentage of their funds into stablecoins, leaving a smaller amount of traditional crypto assets for exposure.
- Through a cryptocurrency network, you can pay vendors, institutions, individuals, and anyone with a blockchain address. You can also transfer stablecoins with 24/7 availability and lower transaction fees than bank transfers.
- USDT can be used as a trading pair in cryptocurrency exchanges, allowing users to gauge the value of a given asset in USD or take advantage of arbitrage opportunities.
- USDT is also helpful for international remittances, as collateral in lending and borrowing platforms, and participating in DeFi activities such as staking, yield farming, liquidity provision, and much more.
What Wallets Supports USDT?
USDT, like most crypto assets, can be stored in two main types of wallets: hot and cold.
- Software wallets: Hot wallets are software applications connected to the Internet. They offer users a wide array of features to store and manage their assets across multiple networks and access to decentralized applications (dApps) on different devices, such as browser extensions, mobile devices, and desktops.
- Hardware wallets: Hardware wallets generate and store private keys offline, enhancing security by isolating them from the internet, thus minimizing the risk of hacking and online attacks. However, they are not as flexible/dynamic as software wallets. Most incidents involving users losing their funds or getting hacked are due to malpractices or devices getting lost. You must understand the fundamentals of self-custody and some of the best practices for storing your crypto, and you do that by looking at our our guide: 9 Tips For Securing Your Bitcoin and Crypto Wallets You Must Follow.
- Web Wallets: These extensions can be downloaded and installed in browsers such as Chrome, Firefox, and Opera. Most web wallets also support dApps, Web3 applications, and NFTs, making them suitable for various digital asset activities.
- Mobile Wallets: These are available for iOS and Android devices, providing accessibility and convenience for managing, storing, and transacting USDT or any other asset on the go.
- Desktop Wallets: These software programs can be downloaded and installed on computers. But they require a certain level of technical proficiency to install and operate. The main perk of using a desktop wallet is its broader features compared to browser extensions, including integrated staking, advanced security measures, and more.
How to Choose the Best USDT Wallet?
There are significant factors to consider before choosing a USDT wallet. Most importantly, security, compatibility, fees, customer support, and more.
Here’s a breakdown:
- Security: To ensure the safety of your USDT holdings, prioritize wallets with strong encryption, multi-factor authentication (MFA), a clean security track record, and regular security audits.
- User-friendliness: Opt for wallets with clear payment layouts, intuitive navigation, and easy sending and receiving functionalities, especially since USDT is commonly used for frequent transactions. Additionally, ensure that the dApp store is accessible and straightforward to navigate within the wallet interface.
- Compatibility: You might want to choose a flexible wallet that provides interoperability between multiple blockchain networks. Other considerations are support for NFTs and custom token integration.
- Customer Support: Having access to reliable customer support is valuable in case you encounter any issues. It’s good to have responsive and knowledgeable support options, such as live chat, email, or phone support.
- Fees: These can vary depending on the wallet, the types of services, and network congestion. You can compare fees for different wallets before choosing one, especially if you plan on making frequent USDT transactions.
Best USDT Wallets – Closing thoughts
USDT is one of the crypto industry’s most important cornerstones, offering stability and versatility to investors, institutions, traders, and the average user.
Security and efficiency are paramount, whether you’re a newcomer or an experienced crypto user. That’s why choosing the best USDT wallet is a challenging but doable task that requires deeply analyzing each wallet and weighing key factors, such as security, fees, flexibility, and functionality.
While no wallet is perfect, a suitable USDT wallet offers these key elements in the best possible way and suits your needs.
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