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10 Best Tether (USDT) Wallets in 2024

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Choosing the best USDT wallet can be challenging with so many options available. To simplify things, we’ve reviewed the 10 options to help you find the best Tether wallet for your needs.

List of top 10 Tether (USDT) Wallets

Key Takeaways
  • 1. swissmoney wallet
  • 2. Trust wallet
  • 3. Trezor wallet
  • 4. Coinbase wallet
  • 5. Ledger wallet
  • 6. CryptoWallet.com
  • 7. OKX wallet
  • 8. Crypto.com wallet
  • 9. eToro wallet
  • 10 Exodus wallet

Let’s explore each option on our list in more detail:

#1 swissmoney wallet

Swissmoney financial solution provider logo

Launched in 2021, the swissmoney crypto wallet quickly became popular among digital asset holders. Developed by experts in blockchain and cybersecurity, this Swiss platform focuses on providing a user-friendly interface and secure wallet solutions.

swissmoney allows cryptocurrency and fiat currency transfers via SEPA/SWIFT and offers a card with generous daily spending limits. In essence, the swissmoney wallet addresses challenges posed by traditional banks’ hesitance toward cryptocurrencies.

Pros:

  • Easy-to-use interface.
  • All-in-one solution: an account, multiple crypto wallets, and a payment card.
  • No strict limits on card transactions.
  • A streamlined onboarding process.

Cons:

  • Currently limited range of supported currencies.

Key features

  • Wallet type: Software custodial wallet.
  • USDT deposit/withdrawal fee: Free deposit and 12-18 USDT for withdrawal.
  • Supported cryptocurrencies: 5
  • Built-in advanced trading tools: None.
  • Security features: Encryption, 2FA, KYC, and data access restrictions provide offline cold storage solutions. The Bank of Lithuania safeguards fiat money in dedicated IBANs, ensuring the lowest risk level in BankFrick’s pooled accounts.
  • Deposit methods: Bank transfers via SEPA and SWIFT, credit/debit card deposits, open banking, and direct cryptocurrency deposits from personal wallets.
  • Crypto exchange: Yes.

#2 Trust wallet

Trust wallet

Trust wallet is a Web3 wallet that lets you buy, sell, and swap crypto, earn rewards, manage NFTs, and discover DApps. There are mobile and browser extension versions.

Trust Wallet ensures security with technologies like Secure Enclave and biometrics. Thus, you don’t need to share personal details to use it. Overall, it’s user-friendly and highly secure.

Pros:

  • Access to Web3 decentralized applications (dApps) and DeFi protocols.
  • Support for NFTs and access to NFT marketplaces.
  • No personal data is required.

Cons:

  • Advanced features may be challenging for beginners.
  • The majority of coins are supported only on mobile devices.

Key features

  • Wallet type: USDT deposit/withdrawal fee: None.
  • Supported cryptocurrencies: 140+
  • Built-in advanced trading tools: Trading bots, staking tools.
  • Security features: Encrypted Cloud backup, alerts for risky addresses and dApp connections, risk monitoring tools, independent security audits, bug bounty, and zero personal tracking.
  • Deposit methods: Direct crypto transfer; DEX swap; DApps and DeFi protocol; third-party platforms; P2P marketplaces.
  • Crypto exchange: Yes.

Ready to cash out? Learn How to Withdraw From Trust Wallet

#3 Trezor wallet

Trezor

Trezor is a top hardware wallet maker, with the Model T being its premium option. It keeps keys offline for security. Transactions need confirmation on the device.

The Model T also has a microSD slot for encrypted storage. It connects to mobile devices via USB-C and has an easy-to-use user interface. It offers higher security and advanced features compared to cheaper Trezor wallets.

Pros:

  • Quad-core ARM processor for fast performance.
  • You own 100% of your coins.
  • Convenient access to recovery seed.
  • Support for most major cryptocurrencies.

Cons:

  • Lacks Bluetooth connectivity.
  • Higher price point.

Key features

  • Wallet type: Cold hardware wallet.
  • Price: €59-179.
  • USDT deposit/withdrawal fee: Depends on third-party providers.
  • Supported cryptocurrencies: >1,600
  • Built-in advanced trading tools: None.
  • Security features: The wallet holds transactions offline, recovery seed (wallet backup) PIN & passphrase enabled, Tor protection, and incognito option.
  • Deposit methods: Direct transfer from another wallet or exchange to your unique Trezor address; third-party services; DEXs; P2P.
  • Crypto exchange: Yes (Buy/Swap).

#4 Coinbase wallet

Coinbase logo

Coinbase, the largest cryptocurrency exchange in the US, is a top choice. Choosing Coinbase wallet means selecting a trusted exchange with an easy-to-use interface, many cryptocurrencies, advanced tools, and opportunities to earn free crypto.

Its emphasis on regulatory compliance ensures a smooth and secure trading experience with various features.

Pros:

  • Accessible in 130+ countries.
  • A diverse selection of digital assets.
  • Supported in over 100 countries.

Cons:

  • Higher transaction fees.
  • It is less secure compared to hardware wallets.
  • Limited control of private keys.

Key features

  • Wallet type: Custodial software wallet.
  • USDT deposit/withdrawal fee: None.
  • Supported cryptocurrencies: 240+
  • Built-in advanced trading tools: Real-time market data, interactive charts, advanced order types, margin trading, leveraged tokens, and trading bots.
  • Security features: Encryption, custodial insurance, 2A, and advanced risk management.
  • Deposit methods: SEPA transfers for euro-denominated deposits, ACH for US dollar deposits; credit/debit card deposits; PayPal deposits for both USD and EUR; Apple Pay for USD deposits; Google Pay for EUR deposits; direct cryptocurrency deposits from a crypto wallet.
  • Crypto exchange: Yes.

Ready to cash out? Learn How to Withdraw from Coinbase

#5 Ledger wallet

ledger nano x

Ledger is a growing company founded in 2014 by experts aiming to secure the blockchain revolution.

They offer customizable solutions for safeguarding crypto assets for banks, hedge funds, and high-net-worth individuals. Additionally, Ledger collaborates with major players across industries on blockchain use cases.

Ledger hardware wallets have three types: Ledger Nano S Plus, Ledger Nano X, and Ledger Stax. Their most popular hardware wallet is Ledger Nano X. Ledger Nano X supports over 1,800 cryptocurrencies and works on platforms like iOS, Android, and Windows.

Moreover, it has its operating system: Blockchain Ledger Operating System.

Pros:

  • Ledger Live mobile app.
  • High security.
  • High storage capacity.
  • Bluetooth connectivity.

Cons:

  • Higher cost.
  • The setup may be a bit complicated.

Key features

  • Wallet type: Cold hardware wallet.
  • USDT deposit/withdrawal fee: Depends on third-party providers.
  • Price: €79.00-285.00
  • Supported cryptocurrencies: 5500+
  • Built-in advanced trading tools: None.
  • Security features: Offline solution, CC EAL5+ certified secure chip, 4 – 8 digit PIN code.
  • Deposit methods: Bank transfer, credit and debit card.
  • Crypto exchange: No.

#6 CryptoWallet.com

cryptowallet.com logo

CryptoWallet.com was established in 2021 and is licensed in Estonia. It is a mobile wallet with a Crypto Card for spending Tether and other cryptocurrencies.

Also, CryptoWallet.com functions as a crypto neobank, providing IBAN for crypto transfers and a built-in exchange for buying and selling with credit/debit cards or SEPA bank transfers.

Pros:

  • Multiple supported currencies.
  • Interest on certain cryptocurrencies held in a wallet.
  • Up to 3% Cashback.
  • It claims to be fully insured against security breaches with a refund guarantee.

Cons:

  • Lack of transparency about the company.
  • Being a web-based wallet, it’s inherently more susceptible to hacking.
  • Not fully decentralized.

Key features

  • Wallet type: Custodial wallet.
  • USDT deposit/withdrawal fee: Unclear.
  • Supported cryptocurrencies: 800+
  • Built-in advanced trading tools: None.
  • Security features: Insurance, licensed in Estonia.
  • Deposit methods: Direct fait and crypto transfer; integrated exchange purchases; third-party services
  • Crypto exchange: Yes.

#7 OKX wallet

okx

OKX is a major global cryptocurrency exchange founded by Star Xu in 2017. It ranks second in trading volume and serves over 50 million users worldwide, offering a platform to buy Bitcoin, Ethereum, and other cryptocurrencies.

The OKX mobile wallet app is a top choice for generating passive income, as it taps into USDT yields from over 200 DEXs. Additionally, the OKX wallet features an integrated NFT marketplace for added convenience.

Pros:

  • Extensive selection of cryptocurrencies and trading pairs.
  • A diverse array of advanced trading tools.
  • Low trading fees.

Cons:

  • Regulatory uncertainties.
  • Comparatively less intuitive user interface compared to some exchanges.
  • Lack of deposit protection.

Key features

  • Wallet type: Non-custodial wallet
  • USDT deposit/withdrawal fee: None.
  • Supported cryptocurrencies: 300+
  • Built-in advanced trading tools: OCO orders, bracket orders, trailing stop-limit orders, advanced order types, API, margin trading, and detailed trade history.
  • Security features: Online/offline storage, multisig protection, asset risk reserve fund, private keys encryption, bug bounty program.
  • Deposit methods: WIFT, SEPA, and Faster Payments; credit/debit card; P2P marketplace; Bancontact, iDEAL and Giropay payments; direct cryptocurrency deposits from the crypto wallet.
  • Crypto exchange: Yes.

#8 Crypto.com wallet

Crypto.com logo

Crypto.com, based in Singapore, is a major crypto exchange with over 80 million users globally. It also has its token, Cronos. Founded as Monaco in Hong Kong in 2016 by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo, it changed its name to Crypto.com in 2018.

Crypto.com offers a mobile wallet to store, send, receive, and buy cryptocurrencies securely. You can purchase crypto using your cards and fiat currencies like the Euro and pound directly in the app, which has over 30 million downloads across different stores.

Pros:

  • Robust security measures.
  • Various ways to buy crypto.
  • Accessible in more than 100 countries.

Cons:

  • Concerns regarding customer service reputation.
  • Charges fees for DeFi rewards.
  • Limited educational content.

Key features

  • Wallet type: Non-custodial wallet.
  • USDT deposit/withdrawal fee: Free deposit, 0.18-10 for withdrawal.
  • Supported cryptocurrencies: 250+
  • Built-in advanced trading tools: Market data, API access, margin trading, grid trading bot, DCA bot, advanced order types, OCO orders, bracket orders, trailing stop-limit orders.
  • Security features: Cold and hot wallets, regulated custodian bank accounts, multi-factor authentication, and hardware security modules.
  • Deposit methods: SEPA, SWIFT, and Faster Payments; credit/debit card; ACHP; direct cryptocurrency deposits from your crypto wallet or the Crypto.com App Wallet.
  • Crypto exchange: Yes.

Ready to cash out? Learn How to Withdraw from Crypto.com

#9 eToro Money Crypto Wallet

etoro

eToro is a top financial services company and crypto exchange known for social trading and multi-asset investments. Founded in 2007 in Tel Aviv as RetailFX, it is headquartered in Central Israel with offices in Cyprus, the UK, the US, and Australia.

eToro mobile crypto wallet is widely used for storing, tracking, and sending cryptocurrencies like USDT. However, it doesn’t enable conversion to fiat currencies or transfer of USDT from the wallet to the eToro investment platform.

Pros:

  • Advanced security measures.
  • Operating licenses from FCA, ASIC, FINRA, and CySEC.
  • Interactive mobile app for IOS and Android.

Cons:

  • Unavailable crypto fiat conversions.
  • No option to transfer USDT from the wallet to the eToro investment platform.

Key features

  • Wallet type: Custodial wallet.
  • USDT deposit/withdrawal fee: Free.
  • Supported cryptocurrencies: 8
  • Built-in advanced trading tools: Social Trading, CopyTrader, eToro CopyPortfolios
  • Security features: SSL encryption, segregated accounts, 2FA.
  • Deposit methods: SEPA and SWIFT; credit/debit card; eWallets; direct cryptocurrency deposits from a crypto wallet.
  • Crypto exchange: Yes.

#10 Exodus wallet

exodus

Exodus offers multi-cryptocurrency mobile, desktop, and Web3 wallets, supporting USDT and other cryptocurrencies.

It’s user-friendly and secure, available on desktop (Windows, macOS, Linux) and mobile (iOS, Android) platforms, allowing easy access from different devices. It can also be linked to a Trezor hardware wallet for added security.

Pros:

  • Excellent user experience with an intuitive interface.
  • Includes built-in exchange functionality.
  • Offers in-wallet staking rewards.
  • Accessible on both desktop and mobile devices.

Cons:

  • Security may not be as robust as cold storage alternatives.
  • Customer support options are limited.

Key features

  • Wallet type: Hot software self-custodial wallet.
  • USDT deposit/withdrawal fee: None.
  • Supported cryptocurrencies: >100
  • Built-in advanced trading tools: None.
  • Security features: Dedicated teams working on attacker simulation, cloud security, and application security, self-custody solutions.
  • Deposit methods: No direct fiat currency deposits. For crypto deposits: P2P Marketplace, DEXs, another wallet.
  • Crypto exchange: Yes.

What is a Tether wallet?

Tether wallets are crypto wallets made for managing and storing USDT tokens, called USDT. USDT is a stablecoin, meaning its value is tied to a stable asset like the US dollar. This connection helps reduce the volatility seen in other cryptocurrencies.

Tether wallets act as a secure vault and interface. They let you securely send, receive, and store USDT tokens. These wallets run on the Omni Layer protocol, providing the technology for your transactions.

How do USDT wallets work?

All USDT wallets have a unique address for receiving tokens. Tether is an ERC20 token, so its wallets use Ethereum’s network. It means Tether wallets can hold USDT, Ethereum, and other ERC20 tokens, handy for investors with multiple tokens.

Tether wallets also have private keys for access. Non-custodial wallets provide these keys, while custodial ones don’t.

Why do you need a USDT wallet?

Here are a few reasons why Tether investors need a USDT wallet:

  1. To keep Tether tokens safe. Tether wallets, like bank accounts, safeguard Tether tokens, ensuring only the owner has access.
  2. To send and receive USDT tokens. USDT operates on the Ethereum network, allowing quick wallet-to-wallet transactions. However, be aware that these transactions incur fees.
  3. To buy, sell, and trade USDT. Some Tether wallets offer buy, sell, and trade features. It eliminates the need for exchanges.
  4. To earn income on USDT. Stable USDT tokens offer passive income without typical cryptocurrency volatility. The Tether wallet lets you connect to dApps for competitive yields.

Types of Tether Wallets

There is a whole structure of various digital wallet types. Here is an overview:

Hot wallets

Hot wallets are cryptocurrency wallets connected to the internet. They’re great for frequent transactions and easy access to your funds, but they’re more vulnerable to online threats.

Software wallets

Software wallets are apps you can install on your computer or mobile device. They give you full control over your private keys and are easy to use. Security depends on the app’s infrastructure and how well you protect your device and keys.

Desktop wallets

Desktop wallets are software installed on a computer, giving users complete control over their keys and funds. They store sensitive data locally and usually encrypt it. It’s crucial to back up the wallet in case of loss or damage, and most apps offer recovery using a seed phrase.

Mobile wallets

A mobile wallet is an app on your mobile device that lets you manage keys. It’s crucial to back up regularly since phone issues, theft, and breaches are common. Backups of mobile USDT wallets are stored on the device or in the cloud, depending on the app.

Want to know more about mobile wallets? Read Mobile Wallets: The Future of Payments in a Connected World

Online wallets

An online wallet, also called an e-wallet, is a prepaid account where users can store money for future online transactions.

Online wallets typically authenticate users through regular login credentials. However, the wallet provider can connect a wallet address to a specific user, potentially deanonymizing them if registration is required.

Usually, the private key of an online wallet is kept on the provider’s server. In case the server is compromised, all assets can be lost.

Web wallets

Third parties own web wallets. Though they’re convenient because they don’t need installation and can be accessed anywhere, they are considered less secure.

Moreover, you’ll lose access to all stored assets if you forget your login or a private key.

Cold wallets

Cold wallets are not connected to the internet, thus providing extra security. However, they’re not as easy to use for regular trading.

Offline wallets

Offline wallets are objects or devices that operate without access to a network or the internet. They are specifically designed to store cryptocurrency as they resist online hacking attempts securely.

Hardware wallets

Hardware wallets are the most secure because they’re not connected to the internet.
These physical devices resemble and operate like a USB drive. You need a computer and a Chrome-based app to store the private keys offline.

However, if you lose the wallet, you can’t restore it without a backup. The positive side of the Tether hardware wallet is that users have full control over key management.

Interestingly, a secure hardware wallet is often used with software or an online wallet for transactions.

Paper wallets

Using a paper wallet involves writing down the required information, such as the private key, on a piece of paper. However, since paper wallets lack technological features, they are highly impractical.

How to Choose a Tether Wallet

Here is a list of features to consider when choosing a Tether wallet.

Supported networks

Not all crypto wallets support Tether. Therefore, when choosing a USDT wallet, check whether it supports Tether tokens.

However, many Tether holders own other cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. Therefore, also consider how many and what currencies the wallet supports.

Custodianship

Investors must decide between a custodial or non-custodial Tether wallet. Custodial wallets are simpler for beginners, but non-custodial ones give experienced users more control.

What’s the main functional difference? Simply put, it’s who keeps the USDT token safe.

Custodial wallet

Custodial wallets don’t give users access to their private keys because custodians safeguard the USDT tokens.

A custodial wallet provider, which holds users’ private keys for crypto-assets and conducts transactions on their behalf, should be classified as a VASP. Cryptocurrency exchanges and wallet service providers are examples of custodians that offer such interfaces and software.

Wallet creation is usually free, with these intermediaries earning revenue mainly from trading fees. They operate similarly to banks, providing accounts for interacting with the financial system.

Read More: Best Custodial Wallets for Crypto

Non-custodial wallet

According to scientists, users of non-custodial wallet software are responsible for storing private keys (or passwords), thereby voluntarily exposing themselves to cybersecurity risks.

Non-custodial wallets are easy to create and use at a low cost. They provide access to decentralized finance and other peer-to-peer applications, offering affordable financial services and products.

Want to learn more about non-custodial wallets? Non-Custodial Wallet Explained

Security features

The security level of Tether wallets varies depending on the type of wallet used. Here are a few crucial security measures to consider in a Tether wallet to keep your USDT tokens safe:

  1. Encryption and password protection. Ensure the Tether wallet offers advanced encryption techniques and password protection to safeguard your Tether holdings.
  2. Two-factor authentication (2FA). Look for a Tether wallet that provides 2FA to add an extra layer of security to your account and prevent unauthorized access.
  3. Recovery phrases and backup options. The Tether wallet should offer recovery phrases and backup options, allowing you to restore your wallet in case of device loss or failure.
  4. Biometric Security Features. Some Tether wallets offer biometric security, such as fingerprint or face recognition, to enhance the protection of your assets.
  5. Hardware wallet integration: Consider secure wallets that integrate with a Tether hardware wallet like Ledger or Trezor for an added layer of security, especially for long-term storage.

Accessibility

Choose a Tether wallet that’s accessible wherever you are. Opting for a Web3 non-custodial platform is advantageous as it ensures compatibility with different blockchain ecosystems.

Moreover, ensure the Tether wallet supports cross-platform access for easy device management.

Also, the Tether wallet should let you access real-time market data, and notifications within the wallet can help you stay informed about the latest developments and market movements.

Finally, consider USDT wallets, which are available on multiple platforms, such as Android, iOS, and the web, to ensure accessibility from various devices.

Usability

Whether you are a beginner or not, a user-friendly interface is essential for smooth transaction navigation. Therefore, choose wallets that blend advanced features with a simple, intuitive design. They cater to both beginners and experienced users alike.

Pricing

The pricing depends on the wallet type. Hardware wallets have one price, ranging from €50 to €200. Moreover, the USDT deposit and withdrawal fees depend on third-party providers.

In contrast, usually, you can get a hot Tether wallet for free, but they still incur deposit and withdrawal fees.

It’s important to carefully review these fees, as they vary widely depending on whether you’re transferring USDT to another wallet, sending it to another user, or using it on an exchange.

Some platforms may offer lower fees for transactions that stay within their ecosystem or utilize their native blockchain.

Related: How to Choose Crypto On and Off-Ramp Platform

Methodology: How we chose the top USDT wallets

We reviewed independent sources and user feedback to find the best Tether wallets, considering features, pros, cons, security, pricing, and supported currencies. We gathered data from official websites and trusted review platforms.

We focused on USDT wallets with low fees, strong security measures, and advanced trading features. We also looked at the platforms’ trading tools and deposit methods, sharing our findings in the overviews.

FAQ

Which is the best USDT wallet?

Which USDT wallet is the best depends on your needs and preferences. However, our top 5 picks are:

  1. swissmoney wallet
  2. Trust wallet
  3. Trezor wallet
  4. Coinbase wallet
  5. Ledger wallet

How do I get a USDT wallet?

Getting a USDT wallet is easy. All you have to do is:

  1. Decide what type of wallet you want to use.
  2. Select a reliable wallet provider.
  3. Install the app on your device and register for an account, or just buy a hardware USDT wallet.

How do I set up a USDT wallet?

To set up a USDT wallet, follow these steps:

  • Download and install the wallet app on your device.
  • Sign up for an account and follow the verification process.
  • Add a USDT wallet.
  • Buy or deposit USDTs.

Which crypto wallet supports USDT?

Many cryptocurrency wallets accommodate Tether (USDT), providing diverse features and security protocols. Here are some of the best tether wallets:

  1. swissmoney wallet
  2. Trust wallet
  3. Trezor wallet
  4. Coinbase wallet
  5. Ledger wallet
  6. CryptoWallet.com
  7. OKX wallet
  8. Crypto.com wallet
  9. eToro wallet
  10. Exodus wallet

Are USDT wallets safe?

Yes, if the wallet’s reputation is good and it applies strong security measures, it’s safe. Moreover, hardware wallets are the most secure wallets.

But remember, all cryptocurrencies, including stablecoins like Tether, have risks. Choose a wallet with strong security features for your USDT tokens.

How do you deposit crypto to a hardware Tether wallet?

To deposit crypto assets to a hardware Tether wallet, follow these steps:

  1. Create a receiving address on your hardware Tether wallet.
  2. Go to the exchange’s withdrawal section and select Tether.
  3. Enter the hardware Tether wallet address.
  4. Specify the amount to transfer.
  5. Confirm the transaction.
  6. Wait for processing.

Check your hardware wallet for confirmation of the transfer.

If you want to know more about wallet addresses and where to find them, read What is a Wallet Address

How to withdraw crypto from a hardware Tether wallet?

To withdraw crypto from a hardware Tether wallet, follow these steps:

  • Connect the hardware wallet to a computer and unlock it with a PIN.
  • Open the wallet’s app and choose the account for withdrawal.
  • Click on Send.
  • Enter the recipient’s USDT wallet address and the amount to withdraw.
  • Double-check the transaction details and confirm.
  • Wait for the blockchain network to confirm the transaction.

The transfer time may vary based on the cryptocurrency and network congestion.

Read More: How to Withdraw USDT to Bank Account

Interested in crypto exchange and withdrawal? Read more:

Živilė Šarkauskaitė

Živilė is a writer with a diverse background, having worked with tech start-ups and pioneering brands across various industries. Her profound interest in progress and innovation drives her to the field of Fintech, a realm that sparks her curiosity and inspires her to share insights with others.

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