Tether is undoubtedly the most popular stable coin in the crypto world, which is mainly designed to give stability of the U.S. Dollar and the flexibility of the blockchain technology in a nutshell. Tether (USDT) is one of the top 10 cryptocurrencies in the world, which should be stored securely. Tether was launched via Omni Layer protocol and in last year USDT has transitioned to the Ethereum blockchain so now Tether is an ERC20 compatible token. You have to keep in mind several factors before choosing the appropriate wallet for storing Tether tokens which are as follows:
Security: This is the most important factor to consider, so a two-factor authentication is basically a good feature which simply says the wallet can be considered.
Private Keys: You must have total control over your private keys so that you can control it from anywhere.
User Friendliness: You must check whether the wallet is only for the advanced level or even beginners can use it. The interface has to be compatible.
The top 6 Tether Wallets in 2020 are:
MyEtherWallet is one of the most compatible and top best Tether wallets after it has transitioned into ETH blockchain. MyEtherWallet is a web browser wallet, which even allows chrome extension for user’s ease of use. As MEW is highly secure, hardware wallets like Trezor and Ledger have integrated Mew into their wallets. This feature of MEW makes it one of the most popular choices among the hardware wallet owners. Even it has the feature to enable you to create a paper wallet or store your private keys in cold storage.
Click here to download MyEtherWallet
OmniWallet is considered as the original Tether web wallet, which offers full control over your private keys, which is basically a safeguard for your USDT holdings. USDT trading on the Omni protocol is very well established which gives you primary market access as buying and selling become easier at critical times on the Ethereum blockchain with ERC20 tokens. Omniwallet even allows you to store Bitcoin along with USDT. One drawback is that IT might not be a good option for the beginners as the interface is not that easy.
Click here to download OmniWallet
You can access the official Tether wallet through their online portal but it's not suggested by many as it has experienced a hacking incident back in 2017 losing 31 million USDT worth of Tether. This is, although a primary channel where you can convert your USDT into the real US Dollars and vice versa. After the hack, Tether stopped taking new registrations and took the wallet offline. The drawback is that even in the case of a coin’s official wallet, there are never any guarantees that your funds are safe.
Click here to download Tether wallet
Coinomi is one of the oldest multi-platform, multi-chain cryptocurrency wallets available, trusted by over 2.5 million users. It is a Hierarchical Deterministic wallet that offers native support for over 125 blockchains and 1770 tokens and implements the strongest standards of security and privacy. It supports multi-seed setups, and each seed phrase can have its own encryption settings, according to its use case. No user data are ever collected by Coinomi, while users' IP addresses are obfuscated for total privacy. Coinomi was one of the first wallets to offer native segwit for BTC and 14 more blockchains, and users can switch between native segwit, compatibility, or legacy address formats with the click of a button. Users enjoy full control of their transaction fees and UXTOs in Coinomi while its UI is hailed as one of the most intuitive in the space, suitable both for first-timers and advanced users. Coinomi is translated in over 25 languages and boasts 175 Fiat representations as well.
Click here to access Coinomi Wallet
Exodus is a desktop supported cryptocurrency wallet, which is convenient to store USDT. Exodus supports almost three dozen cryptocurrencies including Tether, Bitcoin, Ethereum, Dash, Litecoin, Zcash among the popular ones. Exodus is one of the best Tether wallets for the beginners because it has an easy user interface with very well-designed features. The transactions over a crypto network could be made through the Exodus wallet directly wherein the transaction fee is paid to the network and not Exodus.
Click here to download Exodus
Ledger Nano S is one of the best hardware wallets for securing and storing Tether tokens. The private keys will be stored to the cold storage itself. You can send or receive money by putting a secret PIN. You can even recover if your device is stolen or you forgot the password. Ledger Nano is one of the most secure wallets in the world of cryptocurrency. One setback is that it is a bit on the expensive side but it will be worth the price.
Click here to download Ledger Nano S
CoinSwitch enables businesses to convert over 300 cryptocurrencies with our powerful Fixed and Dynamic rate APIs. CoinSwitch exchange APIs are being used by many top cryptocurrency wallets across the globe like Trezor, Exodus, imToken, Guarda etc. Are you interested in providing your users an option to exchange coins within the wallet? For more information please reach out to firstname.lastname@example.org or refer our API documentation.
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