USDT wallet

[philanthropist67]

Hi. I wanna get started with USDT. Can someone please guide me which is best wallet in terms of security n usage ?

[ImThour]

Hey,

I am sure this will help you.

What is Tether - https://en.wikipedia.org/wiki/Tether_(cryptocurrency)
Official Website - https://tether.to/
Exodus - https://www.exodus.io/tether-usd-wallet - For USDT (Tether) Wallet
Coindesk - https://www.coindesk.com/price/tether

Tether (USDT) is an altcoin which is used on various exchanges now to trade with many tokens/altcoins like in Binance, which is the best exchange.
Good Luck!

[cryptoaddictchie]

Hi. I wanna get started with USDT. Can someone please guide me which is best wallet in terms of security n usage ?

Im not sure security is safe with tether. This is still untrusted token that claiming to be backed up by usd. I know its commonly used on market but holding it on a secured own wallet would be still the same.

I have usdt and holding it on my own non custodial wallet. I think myetherwallet is enough since usdt is an erc20 token supported. But if you want without fee then hols it on a tron based usdt.

[bct_ail]

USDT is an erc20-Token, so it is integrated in the Ethereum Network. That means you can use any Wallet which support ETH. The most common are MEW (https://www.myetherwallet.com/ ) and MetaMask (https://metamask.io/). MetaMask is a plugin for chrome and chrome-based browser + available as an app for android and iOS.

[mk4]

You can pretty much use any Ethereum wallet to store your USDT as it's also an ERC20 token. MyEtherWallet, MyCrypto, or better, through a Ledger/Trezor hardware wallet.

Quick warning though, Most Stablecoins Can Be Frozen, Even in Your Own Wallets https://bitcointalk.org/index.php?topic=5204055

[Charles-Tim]

USDT is an erc20-Token, so it is integrated in the Ethereum Network. That means you can use any Wallet which support ETH. The most common are MEW (https://www.myetherwallet.com/ ) and MetaMask (https://metamask.io/). MetaMask is a plugin for chrome and chrome-based browser + available as an app for android and iOS.

Tether is now built on three blockchains.

1. Omini later which is built on bitcoin blockchain
2. ERC20 which is built on ethereum blockchain
3. And the last one for now is built on tron blockchain which is called TRC20 token.

Hardware wallet that support bitcoin, ethereum and tron can be used to store tether because they are support the three blockchain. Wallets like coinomi also support this, but it is an online wallet. If the amount of tether the person want to hold is much, I will suggest using hardware wallet like trezor one or ledger nano s or x.

He can then decide which one to use, be it omini layer for bitcoin, ERC20 for ethereum platform or the TRC20. But, in my opinion, using the omini layer is best but nothing bad using the other two.

[bct_ail]

USDT is an erc20-Token, so it is integrated in the Ethereum Network. That means you can use any Wallet which support ETH. The most common are MEW (https://www.myetherwallet.com/ ) and MetaMask (https://metamask.io/). MetaMask is a plugin for chrome and chrome-based browser + available as an app for android and iOS.

Tether is now built on three blockchains.

1. Omini later which is built on bitcoin blockchain
2. ERC20 which is built on ethereum blockchain
3. And the last one for now is built on tron blockchain which is called TRC20 token.

Didn't know that. Thanks for the details. Haven't used Tether until now. But anyway, I'm very curios about the conference between New York Attorney General’s office and  Bitfinex which should be held tomorrow. https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=Bk5NRmNVHiS36L91gnJB3Q==

[hd49728]

There are 3 chains for Tether: Omni layer (btc), ERC20 (ETH), TRC20 (Tron). Many people move their USDT to BTC address. It will result in troubles and if companies don't support, they will lose their money.

Even companies give support, they charge fee (AFAIK fee is not cheap). You can search with Google "Move USDT to BTC address, how to recover it ....." You will know how bad such mistake is.

Accidentally sent USDT to BTC address

[TryNinja]

But anyway, I'm very curios about the conference between New York Attorney General’s office and  Bitfinex which should be held tomorrow. https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=Bk5NRmNVHiS36L91gnJB3Q==

That's why I wouldn't recommend anyone to use USDT. If you need a stable coin, go with USDC or PAX. They are audited and maintained by waaay more trusted companies than Tether.

What would you do if you found out that your 1 USDT isn't equal to 1 USD? They could be printing money and you wouldn't know.

https://cointelegraph.com/news/new-york-court-rejects-bitfinex-appeal-over-850m-in-lost-funds

[JasonClauch]

There is many wallets which accept USDT but i'm using Atomic Wallet
Over 300 acceptable coins and tokens.

Software for mobile and desktop.
Wallet have an automatic exchanger inside, you can change your coins (with fees).

[Jawhead999]

The easiest wallet i think you can choose every recommended wallet like Hardware Wallet, Software Wallet or Website Wallet.
Every wallet i think is secure, this how safety we use that wallet and never share our private key.

It's not really accurate.
There's 2 kind of website wallet, custodial and non custodial. I understand you're referring to non-custodial type (it's good), but don't forget about the custodial part.

No matter how safe you use the wallet, but if you use scam wallet... you will lost your coins. Freewallet [1] is one example of scam-custodial wallet.

Read : Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained.
[1] https://bitcointalk.org/index.php?topic=5249178.0

[Charles-Tim]

There are 3 chains for Tether: Omni layer (btc), ERC20 (ETH), TRC20 (Tron). Many people move their USDT to BTC address. It will result in troubles and if companies don't support, they will lose their money.

That is why wallets that users can control it private keys are better, instead of using custodial wallets. People should understand that if not their your keys, it is definitely not your coins on the blockchain. There are many people that have sent tether to the tether omini layer, supposing they have the private key of the address, they will be able to retrieve the tether on a wallet that support omini layer like coinomi. But, this is not what custodial wallet can offer, instead they will go away with someone's fund.

Even, aside that, there are many advantages of noncustodial wallet over custodail wallet. That is why only novice that does not any anything about wallet are the ones that are using custodial wallets.

[Cointikka]

In my opinion, the best wallet to store any crypto assets will always be a hardware wallet like Ledger. If you do not want to spend money on buying a hardware wallet then you can use a desktop wallet like Electrum. Atomic Wallet or Guarda wallet. Desktop wallets are also considered as a cold wallet if your desktop is not always connected to the internet. Avoid using a mobile wallet or web wallet as they can get hacked.

[mk4]

Every wallet i think is secure, this how safety we use that wallet and never share our private key.

Not unless you use a centralized custodial wallet from an untrusted entity such as the somewhat-famous FreeWallet and the eventually-going-to-get-hacked exchanges.

[dr.hopkins]

I don't listen to all those negative comments. Got Freewallet's app for a long time and my acc works fine. Custodial or non-custodial, it works much better than other wallets. My USDT has always been safe there.

[mk4]

I don't listen to all those negative comments. Got Freewallet's app for a long time and my acc works fine. Custodial or non-custodial, it works much better than other wallets. My USDT has always been safe there.

Oh boy out of all the wallet's you could've trusted. Look around the web for the crap ton of complaints that have been made against FreeWallet; from the locking up of accounts and such. Completely up to you if you want to continue using it though, but don't say I didn't warn ya.

[seoincorporation]

Hi. I wanna get started with USDT. Can someone please guide me which is best wallet in terms of security n usage ?

Since USDT is an ERC token it has a transaction cost (fuel) and is not recommended to move it on transactions, the right way to use it is by buying and selling on the exchange. If you want to save dollars then do it with real money and not with cripto, but if you want to trade and buy and sell all the time, the use USDT, that way you avoid the bank each time you sell the bitcoins.

[JeffBrad12]

Hi. I wanna get started with USDT. Can someone please guide me which is best wallet in terms of security n usage ?

My recommendation for you to use mycrapto wallet as it's also available in the desktop mode and that will let you store, create, or even do something else with your wallet easily. You can also try to take a look at exodus, or trust wallet too but the best one should be mycrypto as it will let you do everything. Mtcrypto is ethereum based wallet.

If you are looking for the multiple wallets and my best choice should be exodus caused by this one has very strong security measures to protect your money.

[sunsilk]

I don't listen to all those negative comments. Got Freewallet's app for a long time and my acc works fine. Custodial or non-custodial, it works much better than other wallets. My USDT has always been safe there.

Never heard of this wallet and I won't be surprised if something goes wrong with those unknown or uncommon wallets that you are using. Don't compare custodial to non-custodial wallets. There's a huge gap between them.

With the bad news that has been heard about USDT, OP you can start with bitcoin rather than go with a centralized stable coin instead. It's best to start with bitcoin for beginners, you have a lot of wallets as an option too.

[MI6]

Are you going to hold USDT? I don't really think that coin is trusted even they claim that it is backed up by are USD but still I still don't know how prove that also some people are saying that it's not good for long term so if you are holding this coin for a long term I think it will be risky. It's good to know that you can store USDT to ERC-20 wallets didn't know that actually.