Tether Wallet Reviews 2020

Demand for safe and secure Tether wallets has soared in recent years as increasing numbers of crypto fans invest in this popular stablecoin. A USDT wallet allows you to store your balance, make payments and receive withdrawals.

You have a wide range of different options to choose from, and this article will help you find your perfect match, while also teaching how to create a wallet and keep your Tether holdings secure.

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You can choose a software wallet, hardware wallet, paper wallet or web-based wallet, which is also known as a hot wallet. Each category has different strengths and weaknesses, which should influence your decision.

Web-based wallets

The most convenient option is a web-based wallet that you simply access via your browser on any device. It is quick and simple to set up, and it makes the process very easy. However, web wallets are arguably the least secure, as they are connected to the internet and vulnerable to hackers. You will also face the prospect of handing your private keys over to a third-party wallet provider.

Paper wallets

A paper wallet is an old-school approach. You simply print off your private and public keys on a piece of paper, and try to keep it safe. However, it is not particularly convenient, as you may lose it, and it is at risk of water or fire damage. Losing it or having it stolen also raises security concerns.

Hardware wallets

A stronger option might be a hardware wallet, which you can order online. It should be portable and durable. You can plug it into any computer, while the latest Tether hardware wallets have OLED screens that allow you to sign off transactions and check your balance. The main downsides are that you have to pay for it, and that you might lose it.

Software wallets

Finally, you could opt for a software wallet. These fall into two broad categories: desktop and mobile. The former is probably better if you spend a lot of time at home, in front of your computer, or carry a laptop around with you everywhere. A mobile wallet might be preferable if you are often out and about and travel around the world a lot. Potential loss and theft are drawbacks, while software wallets are also connected to the internet and at risk of being targeted by sophisticated hackers.

Who Should Make Use of This Comparison?

This article should prove useful for anyone that is interested in trading at the world’s leading crypto exchanges. Tether makes crypto investments easier to manage and adds a degree of security in an otherwise volatile market, as it is tied to the price of US dollars.

There are many benefits to holding USDT, especially if you plan to trade a significant volume of crypto. If you already have found the best Bitcoin wallets and checked out Ripple wallet reviews, Ethereum wallet reviews, EOS wallet reviews and so on, you might want to think about identifying the best Tether wallet, as USDT is growing increasingly prevalent in this sector.

You should make use of this comparison if you are new to investing in cryptocurrencies. However, it is also designed to help seasoned investors and traders, as you could well find a Tether wallet that is superior to the one you currently use. This comparison explains the key attributes of each wallet and helps you find the right option for your personal requirements.

Editor’s Recommendation

MyEtherWallet started out as a popular web-browser wallet for storing Ethereum, but it now allows you to store multiple cryptocurrencies, including Tether. It is a solid option if you are looking for a simple web wallet. It is one of the most secure web wallets, it has a really responsive interface and it allows you to create a paper wallet or store your private keys in cold storage. It is also compatible with several hardware wallets, and it has a strong reputation in the crypto community. However, it has been subjected to phishing scams in the past.

If you are looking for a desktop wallet, Exodus is an excellent choice. It does not require registration or verification. It provides 24/7 customer support, and it allows you to store around 100 different cryptocurrencies. Your private keys will only be stored on your PC, not on external servers, so they should be safe if you protect your computer correctly.

Coinomi is a popular mobile Tether wallet for iOS and Android users. It allows you to manage more than 100 cryptocurrencies, and the interface is powerful and easy to use. Coinomi was designed for mobile use, but it is also available as a desktop wallet too.

The Ledger Nano S sets the gold standard for hardware Tether wallets. As the name suggests, it is small and portable, but it is also suitably sturdy. It offers cold storage for your private keys, keeping you safe from hackers, and a Bluetooth feature means you can connect it to almost any device without requiring any USB or OTG. You need to charge it and it is more expensive than rival options, but it is secure, convenient and versatile.

How Our Experts Test Tether Wallets

Our expert reviewers will order hardware wallets and take notes on how much they cost, how long it takes for them to arrive and how easy it is to set them up. They test the durability, portability, compatibility and versatility of these Tether hardware wallets. They will use the wallets to store Tether and other cryptocurrencies, and assess how easy it is to make payments and receive withdrawals.

Our reviewers also analyze the general usability and ease of navigation that each wallet offers. They perform research to ascertain how strong the development community behind each wallet is, and whether there have been any security breaches.

They constantly monitor the market for new hardware, software and web-based wallets. The reviewers download all mobile and desktop wallets and test how effective the user interface is, the strength of navigation, the quality of the overall experience, the number of cryptocurrencies it holds, the ease of registration, the strength of customer service and how quick and easy it is to make payments and receive USDT.

They will also sign up for accounts with all the different web wallets, deposit USDT into them, make payments, receive withdrawals and test how effective the whole process is. The team can then make expert recommendations from a position of strength, allowing you to find your ideal match.

Finding the Best Tether Wallet for You

If you plan to hold a significant amount of USDT and other cryptocurrencies, it is worth investing in a hardware wallet. It provides a lot more security than a web-based or software wallet, and it is sturdier than a basic paper wallet. If you travel regularly and you do not want to carry hardware around with you, a mobile wallet is probably your best bet, but make sure you find the most secure option possible, as hacking is an issue.

If you are new to the wonderful world of crypto and you only plan to hold a minor amount, it might be best to start off with a web-based wallet that can be accessed anywhere, and then consider investing in a solid hardware wallet if you get into it and decide to build up your holdings.

How to Identify the Best Tether Wallets

There are five key features you should look out for when trying to settle on the best Tether wallet for your needs. You may not be able to hit all of them, as no USDT wallet is perfect and compromise is always necessary, but a good wallet should tick most of these boxes.

Security

Strong levels of safety and security should be your primary focus when searching for a Tether wallet. The crypto sector is a major target for hackers and users have had their USDT holdings stolen in the past. You should look for a Tether wallet with no history of security breaches, while also looking out for features like advanced encryption and two-factor authentication. It also helps to be in control of your own private keys.

Convenience

Your wallet should help facilitate swift payments with minimal fuss. Ideally, you should be able to use it at any time and wherever you are in the world. Often the most convenient crypto wallets are the least secure, so it is always a balancing act. You should essentially try to find a secure USDT wallet that makes life as easy as possible for you.

Development

The best Tether wallets are regularly updated to ensure they take advantage of the latest technological developments, ward off the latest security risks and continually refine the user experience. Check for details of the development community behind each wallet, as an active, passionate community can be very valuable.

Versatility

It is rare for anyone to hold just Tether. It is more likely that you will hold a range of different cryptocurrencies, and you should be able to store them all in one wallet, rather than having to search for Bitcoin Cash wallet reviews, Litecoin wallet reviews, Binance Coin wallet reviews, Bitcoin SV wallet reviews and so on, and needing to use several different wallets. It should also be compatible with a wide range of devices and platforms, and allow you to customise it.

User friendliness

You should factor in the general user-friendliness of each USDT Tether wallet before making your decision. A user-friendly wallet is particularly important for beginners, but all investors and traders can benefit from quick transactions, an intuitive design, clearly displayed information and a seamless navigation process. It should also offer polite, friendly, helpful customer support.

How to Create a Tether Wallet

You simply need to visit a site like MyEtherWallet or Omniwallet if you want to go for a web browser-based wallet. Then you can click “Create USDT Wallet” or “Create a New Wallet”, select the type of file (JSON), choose your password, download the file and begin using it. You can also create a paper wallet by visiting a site like MyEtherWallet, following basic instructions and printing off your private and public keys.

The process for installing a software wallet on your mobile or desktop is a little lengthier. You can visit the app store to download a mobile wallet, or visit the site of the provider if you want to download a desktop Tether wallet. Choose a password and a recovery sentence, and familiarise yourself with the navigation process. Many software wallet providers do not request ID or any form of personal information, but some do require you to provide details. If you are interested in anonymity, a wallet like Mist is a good option.

For a hardware wallet, you must buy it from the producer or a third-party retailer, wait for it to arrive, and then download accompanying software to set it up. Link the hardware wallet like the Ledger Nano S to your device, give it a name, take down the recovery seeds and start using it. You can then connect it to any device.

Why Invest in Tether?

Tether is a stablecoin that allows you to store your gains in a cryptocurrency that is tied to the US dollar, without being charged for it. It is accepted on the major trading exchanges, such as Binance and Bittrex. Essentially, holding USDT speeds up transactions and reduces the risks in a volatile market, making it an important cryptocurrency to invest in for traders.

Conclusion

There is no such thing as the perfect Tether wallet, but this page will help you identify the best match for your particular needs. You have a huge range of options to select from, but a really strong hardware USDT wallet is a worthwhile investment. If you choose to go for a software or web-based wallet, make sure you conduct plenty of research and stick to providers that have not been hit by security breaches in recent years. We only recommend the best and most trustworthy Tether wallets, so allow us to steer you in the right direction.

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