red 
Unlike Bitcoin, Ethereum, or other cryptocurrencies, Tether (USDT) aims to replicate the price of the US dollar; it is a stablecoin. Its 1:1 parity with the dollar makes it a very stable cryptocurrency.
This stability makes it much less volatile than other cryptocurrencies, which is its main advantage. That’s why Tether (USDT) has become a great investment option for many of us. In this article, I’ll show you the best and safest options to store USDT according to your profile. In the following table of contents, you can jump directly to the section that appeals to you the most.
Table of contents
What is a Tether wallet?
A Tether (USDT) wallet is an app or device that allows you to store, receive, and send the stable cryptocurrency known as Tether (USDT). When you buy Tether (USDT) and leave it on an exchange, you essentially don’t have 100% control over it. It’s important to understand that the exchange is a prime target for hackers, as has been reported repeatedly in the news.
These wallets are essential if you want to have full control over your USDT funds and work securely with this stablecoin. They are similar to traditional bank accounts but are specifically designed for cryptocurrencies like USDT.
Why use USDT wallet?
Using a USDT wallet is essential for several reasons. First and foremost, it gives you control, eliminating the need to rely on third parties to store your cryptocurrency. Furthermore, wallets often provide additional security against potential hacks or loss of funds, thanks to the fact that only you have the private keys, which is one of the most important features of a wallet.
Types of wallets (distinguish between cold and hot wallets only)
There are two main categories of wallets: 1. Cold wallets 2. Hot wallets. Hot wallets are connected to the internet and are ideal for fast and frequent transactions, especially for merchants. They are usually software applications, browser extensions, or online wallets.
Cold wallets, on the other hand, are physical devices or applications that store private keys offline. They are highly secure because they are not exposed to online threats and are primarily used for long-term storage.
Why are cold wallets more secure for USDT?
The main reason why cold wallets are more secure is that they are not connected to the internet, making them immune to online threats such as hacking and phishing.
The private key of a cold wallet is never revealed on the internet, which greatly reduces the risk of theft. Furthermore, as you will see below, there are super-durable cold wallets with additional security measures, such as the material of the wallet itself.
These properties make cold wallets ideal for long-term storage and protection of large amounts of USDT.
Best USDT Wallets
I’ll divide this section into two parts: cold wallets and hot wallets so you can choose the USDT wallet that best suits your needs. If you prefer fast transactions and choose a hot wallet, I recommend getting a second cold wallet for long-term storage. Let’s start with cold wallets!
Best USDT Cold Wallets
1. Materials
- He writes: hardware.
- Material strength: Maximum.
- device: Material metal plate.
- Cryptocurrencies: Bitcoin, Ethereum, USDT.
- price: 89 euros.
- easy to use: easy.
Among cold wallets, Material stands out as the best USDT wallet in terms of security. The material used is heavy duty AISI 304L steel plate. Unlike other wallets, this one can withstand shocks, fire, water and other potential damage over the years. Made in Spain and comes with a 100 year warranty.
The Material wallet is designed to store USDT for the long term. In other words, you buy USDT, store it in your wallet, and wait for the price to go up. It is very easy to use and beginner friendly. You can find all Material Cold wallets here.
Positives👍
- Very secure wallet.
- Unbreakable material.
- Very easy to use.
Negatives👎
- Not suitable for those who do quick transactions.
2. Ledger Nano S
- He writes: hardware.
- Material strength: high.
- device: Material, USB stick.
- Cryptocurrencies: Bitcoin, Ethereum, USDT, and more.
- price: $79-149.
- easy to use: middle.
The Ledger Nano S is another excellent option for cold storage of USDT. This physical wallet is widely known for its security and reliability. It’s a USB wallet that you can plug into your computer when you need to access your USDT. The rest of the time, you can keep it offline, making it safe from online threats.
Ledger Nano S supports multiple cryptocurrencies, making it versatile. It has an easy-to-use interface, but setting it up may require some technical knowledge. The only drawback I would mention is that you will need to connect it to your computer regularly, both for updates and to make transactions with your cryptocurrencies.
If your computer is not in a secure environment, i.e. it is not fully protected, it may be vulnerable to hacking. You can find Ledger Nano S on the official website.
Positives👍
- High level of security.
- Supports various cryptocurrencies.
- Trusted brand.
Negatives👎
- Ease of use is average.
- Prone to breakage and physical shock.
3. Trezor Model T
- He writes: hardware.
- Material strength: high.
- device: Material, touch screen.
- Cryptocurrencies: Bitcoin, Ethereum, USDT, and more.
- price: 179 euros.
- easy to use: middle.
The Trezor Model T is another popular cold wallet option. It offers a high level of security and supports a wide range of cryptocurrencies, including USDT. The device has an easy-to-use touch screen, making it easier to use.
However, as with other hardware wallets, it may require some technical knowledge for initial setup. As with Ledger, you should be careful with the USB, because if you lose it or it gets damaged, you will need to rely on the 12 or 24 recovery words to get your funds back.
Additionally, you should be concerned about storing these passwords, as losing or stealing them could give unauthorized access to your funds. Trezor Model T can be found on its official website.
Positives👍
- High protection.
- Supports a wide range of cryptocurrencies.
- Easy to use touch screen.
Negatives👎
- Ease of use is average.
- Higher price point.
Best USDT Hot Wallets
Now, let’s explore some of the best hot wallets for USDT, which are ideal for fast transactions and easy access.
4. Exodus Wallet
- He writes: Software (desktop and mobile).
- Cryptocurrencies: Supports USDT and many other currencies.
- price: free.
- easy to use: easy.
Exodus Wallet is a popular wallet option. It is a software wallet available for both desktop and mobile devices.
Exodus supports a variety of cryptocurrencies, including USDT. It is known for its user-friendly interface and ease of use, making it a good choice for beginners and those who want to Quick access to their money.
Positives👍
- Easy to use and easy to set up.
- Supports multiple cryptocurrencies.
- Desktop and mobile version available.
- Free to use.
Negatives👎
- Not as secure as hardware wallets.
5. Trust Wallet
- He writes: Mobile app.
- Cryptocurrencies: Supports USDT and many other currencies.
- price: free.
- easy to use: easy.
Trust Wallet is a mobile app hot wallet that supports multiple cryptocurrencies, including USDT. It is known for its simplicity and ease of use, making it an excellent choice for those who primarily use their mobile devices to manage their crypto assets.
Positives👍
- Very easy to use.
- Supports multiple cryptocurrencies.
- Mobile compatible.
- Free to use.
Negatives👎
- It is designed for mobile phones only, which may not suit all users.
- Not as secure as hardware wallets.
Here is a complete and interesting article about Trust Wallet vs Exodus.
6. Binance
- He writes: Cryptocurrency exchange.
- Cryptocurrencies: Supports multiple cryptocurrencies, including USDT.
- price: Create a free account.
- easy to use: easy.
Although it is not a traditional wallet, Binance is one of the largest cryptocurrency exchanges that offer wallet services. You can store USDT and other cryptocurrencies in your Binance account.
Binance offers an easy-to-use platform with options for instant trading, savings, and more. It’s a great choice for those who actively trade cryptocurrencies and want quick access to their assets. Please note that using an exchange wallet means that your funds are held by the exchange, and you have to trust their security measures.
Positives👍
- easy to use.
- Supports multiple cryptocurrencies.
- Suitable for trading.
Negatives👎
- Not as secure as hardware wallets.
- Your funds are held by the exchange.
Conclusion
Choosing the right USDT wallet depends on your specific needs and priorities.
- If you value maximum security and are willing to invest in a hardware wallet, options like Material Wallets are solid choices.
- If you are new to cryptocurrency and want an easy-to-use hot wallet, Exodus Wallet or Trust Wallet may be more suitable for you.
Remember that hot wallets are more convenient for quick access but may not be as secure as physical wallets. Consider your personal comfort with technology and your overall use of cryptocurrencies to choose the best wallet for your USDT.
Finally, always make sure to take appropriate security measures, such as enabling two-factor authentication and storing your wallet recovery phrases or keys in a safe place. This will help protect your USDT and other cryptocurrencies.
I hope you find this information useful, and I wish you the best of luck in managing your USDT investments! If you have any further questions, please feel free to ask.
