The Fantestic Best Tether (BTC) Wallets

The Fantastic Best Tether (BTC) Wallets. USDT is one of the oldest and most popular stablecoins. It is a household name that has expanded the functionalities of DeFi and other branches of the crypto industry.

Tether Limited created USDT as a fiat-collateralized stablecoin backed primarily by US Dollar reserves, which include cash, short-term US Treasury Bills, commercial paper, and other cash-equivalents. If you think about it, stablecoins are the main form of real-world assets ever to exist: a tokenized version of a fiat currency, like the US Dollar. But what can you do, exactly, with a stablecoin like USDT?

Here’s a quick breakdown:

The primary and most important use of USDT is to hedge against the volatility of other cryptocurrencies or to quickly move in and out of crypto positions without converting back to fiat currency. For example, in extreme volatility, crypto investors tend to readjust their portfolios by converting a percentage of their funds into stablecoins, leaving less traditional crypto assets for exposure.

Through a cryptocurrency network, you can pay vendors, institutions, individuals, and anyone with a blockchain address. You can transfer stablecoins with 24/7 availability and lower transaction fees than bank transfers. USDT can be used as a trading pair in cryptocurrency exchanges, allowing users to gauge the value of a given asset in USD or take advantage of arbitrage opportunities.

USDT is also helpful for international remittances, as collateral in lending and borrowing platforms, and participating in DeFi activities such as staking, yield farming, liquidity provision, and much more. With all those use cases and benefits, you’re probably wondering: what is the best USDT wallet, and which provides the most benefits?

Quick Navigation

• The 7 Best Tether (USDT) Wallets

MetaMask – Best USDT Web Wallet

Trust Wallet – Best USDT Mobile Wallet

Coinomi – Best USDT Desktop Wallet

Coinbase Wallet – Most User-Friendly USDT Wallet

Exodus Wallet – Best for Hardware Wallet Integration

Trezord Safe 3 – Best Hardware Wallet for USDT

Ledger – Nano X vs. Nano S Plus

• Types of USDT Wallets
• Factors to Consider When Choosing a USDT Wallet
• Best USDT Wallets – Closing Thoughts

The 7 Best Tether (BTC) Wallets

The following article explores and details the best USDT wallets in the market. These wallets were chosen based on their level of security, flexibility, fees, and overall functionality.

MetaMask – Best BTC Web Wallet

Crypto industry giant MetaMask is a top USDT wallet for security and anonymity. It supports over 500K Ethereum-based digital assets, including NFTs. MetaMask is famous for its strong emphasis on security, privacy, and decentralization, making it a user favorite. No personal information is required to install this non-custodial browser extension. Store your 12-word MetaMask account setup secret recovery phrase (SRP).

MetaMask isn’t the most accessible wallet, but it’s adaptable. The wallet supports ERC-20 tokens, NFTs, and EVM-compatible blockchain networks like Binance Smart Chain (BNB) and Polygon. MATIC and ETH can be staked on MetaMask’s Stake section. It does not support Bitcoin (BTC) and has poor customer care; thus, it may not be the ideal USD wallet for crypto beginners.

Notable features of MetaMask:

Smart transactions

Users can submit transactions to a virtual memory pool before they are confirmed on-chain. This feature counteracts MEV (maximum extractable value) strategies by simulating transactions behind the scenes in the virtual memory pool (and also lowers transaction fees).

MetaMask Swap

Seamless token swaps within the MetaMask wallet, whether on the browser extension or mobile app. It aggregates data from several DEXs to find the best prices with low slippage. MetaMask charges a service fee of 0.875%, which is automatically factored into each quote, aka, into each token swap and transaction.

Fiat purchases

Users can purchase cryptocurrencies with fiat money, with over 75 tokens from 8 blockchains. To do so, click on the “Buy” tab and choose your region and the asset you wish to buy.

MetaMask Bridge

A cross-chain bridge aggregator for Web3 interoperability. This feature provides users the best routes for transferring tokens between blockchains, leveraging data from multiple bridge aggregators.

MetaMask Staking

Users can stake ETH and MATIC directly from their wallets with liquid staking providers like Lido and Rocket Pool.

Defi Hub

MetaMask is one of Ethereum’s largest hubs for decentralized applications, allowing users to access thousands of Web3 apps and dApps.

MetaMask Security

It is considered one of the most secure USDT wallets, providing multiple security mechanisms to safeguard users’ funds and identities.

MetaMask also provides privacy-preserving security alerts that help users detect malicious dApps. This enhanced security alert, previously tested with Opensea, is now opt-in and operational on Ethereum Mainnet. Users can activate it within the “Experimental” tab under “Settings” to verify transactions before finalizing them.

MetaMask also provides security vaults, which safeguard users’ identities, allowing them to interact with ERC and other tokens across various browsers.

Ultimately, MetaMask can always be integrated into a Ledger wallet if you want to withdraw your funds from the Internet.

Pros & Cons of MetaMask

Pros explained:

• Robust security, with user anonymity and control over private keys being prioritized.
• Supports a wide range of digital assets, including cryptocurrency coins and tokens, and NFTs
• Versatility —it supports ERC-20 tokens and storage of NFTs, along with compatibility with multiple blockchains such as the BNB Chain and Polygon.
• Allows users to access and explore thousands of dApps of different kinds, including GameFi, NFTs, Metaverse, and more
• Supports staking and airdrop rewards (staking is supported on the Ethereum mainnet)
• Has hardware wallet integration: Ledger.

Cons explained:

• A single-wallet recovery phrase across all supported devices is similar to having the same password for every account you own.
• Lack of support for Bitcoin

Trust Wallet – Best BTC Mobile Wallet

Trust Wallet is a top USDT mobile wallet. Over 70 blockchain networks and millions of digital assets are supported. They, owned by Binance, enable users to buy, sell, and swap crypto, trade NFTs, and explore dApps on the Ethereum and BNB ecosystem through a single app.

Trust Wallet released a browser plugin on November 14, 2022, to support Ethereum, Solana, and EVM chains, including BNB, Avalanche, and Polygon, on Web3. Trust Wallet is free and requires no subscriptions or payments. Swaps and in-app transactions are free; however, network fees may vary depending on congestion.

Trust Wallet charges 1% on top of third-party exchange fees for in-app crypto purchases to generate revenue. If you have TWT, Trust Wallet’s native token, you may get a discount.

Notable features of Trust Wallet:

Flexible purchasing options

Users can acquire cryptocurrencies from third-party platforms like Mercuryo, MoonPay, and Simplex.

Custom token integration

You can add custom tokens simply by tapping the “Wallet” tab, clicking the “+” button, and searching for the token you wish to add.

dApp Browser

It allows users to interact with decentralized applications like Uniswap, Compound, and Aave and access NFT marketplaces like OpenSea to view, collect, and trade NFTs (note that this functionality is available as “Discover” on iOS devices).

Staking Rewards

Trust Wallet lets users stake select cryptocurrencies and earn rewards. Around 23 cryptocurrencies are available for staking, including Ethereum (ETH), Binance Coin (BNB), TRON (TRX), Tezos (XTZ), Cosmos (ATOM), Osmosis (OSMO), and Kava (KAVA). APRs vary per coin and are displayed directly on the Trust Wallet staking section.

Seamless Inter-wallet Transfers

Users can effortlessly transfer cryptocurrencies from other wallets to Trust Wallets using various authentication methods.

Trust Wallet Security

Trust Wallet offers several security measures, such as biometric access, auto-lock time to prevent unauthorized access, encrypted private keys, 12 password/seed phrases, and 2FA. It’s generally considered a secure wallet, scoring 3.9 and 4.0 out of 5.0 on GetApp and Trust Pilot.

Yet, Trust Wallet shares risks similar to any hot wallet. Users are exposed to hacking attempts, phishing scams, address poisoning, etc. While the wallet is non-custodial —you own the private keys— setting a 2FA or linking the wallet to a centralized exchange might expose your credentials.

However, you can always connect your Trust Wallet to a hardware wallet like Ledger if you need an extra security touch.

Pros & Cons

Pros explained: 

• It supports a robust set of digital assets, including millions of cryptocurrency coins and tokens, 600 million NFTs, and 100 blockchain ecosystems.
• Offers a dApp browser, allowing users to explore DeFi apps of all kinds, including DEXs, lending and borrowing platforms, staking apps, and more
• Allows users to stake over 23 cryptocurrencies, including Binance Coin (BNB), TRON (TRX), Tezos (XTZ), and Cosmos (ATOM)
• Audited and certified by CertiK, Kudelski Security, and Halborn
• Has hardware wallet integration: Ledger
• User-friendly setup and browser extension available

Cons explained:

Though users can contact the team via email or submit tickets to a chatbot, customer support has often been deemed limited or negligent. Users frequently criticize the lack of support tools and resources for a better user experience.

The Android source code for Trust Wallet has been neglected for several years, unlike its iOS version, which is constantly updated and available on GitHub.

Coinomi – Best USDT Desktop Wallet

Coinomi, a multi-language cryptocurrency wallet, is known for its user-friendly interface and customer service. It allows users to trade and swap thousands of cryptocurrencies over 100 blockchain networks.

Notable Features of Coinomi

It’s a multi-language platform with over 20 different languages to choose from

User-friendly Interface

Probably one of the most accessible wallets to navigate while offering a wide array of features and options for more advanced users.

Integrated Exchange and DEX

Coinomi allows users to swap tokens using a built-in exchange or an integrated DEX for more advanced options.

Live Chat Support

Coinomi stands out due to its 24/7 live chat support and Knowledge Base page, which provides extensive educational content regarding privacy and security practices.

Domain Addresses

Coinomi is one of the few wallets that allows users to register and use an FIO or Unstoppable Domain address instead of long, public addresses.

Coinomi Security

It is one of the best USDT wallets due to its multi-layered security architecture, significantly reducing the risk of attackers or hackers gaining access to user accounts.

These layers include an alphanumeric password, a 24-word mnemonic phrase, and a private key, ensuring only authorized individuals can transfer funds from the wallet.

Pros & Cons of Coinomi

Pros explained 

• Zero Transaction Fees: Although standard network fees apply, Coinomi users enjoy fee-free transactions.
• Multilingual Support: The wallet interface is available in up to 25 languages, catering to a diverse user base worldwide.
• Broad Blockchain Support: Coinomi supports over 125 blockchains, facilitating access to over 1000 cryptocurrency coins and tokens.
• Flexible Security Options: Users can enhance their accounts’ security by choosing from various security measures, including passwords, biometrics, combinations of both, or a BIP39 passphrase.

Cons explained:

• Lack of Two-Factor Authentication (2FA): Coinomi does not offer 2FA, but other security options are available.
• Incompatibility with Hardware Wallets: Coinomi does not integrate with hardware wallets, limiting options for users who prefer a combination of cold and hot wallet solutions

Coinbase Wallet – Most User-Friendly USDT Wallet

Coinbase Wallet offers secure, non-custodial cryptocurrency storage. It stores over 100,000 digital assets, manages NFTs, and provides decentralized apps. Bitcoin, Ethereum, and Layer-2 solutions like Arbitrum and Optimism are supported.

Coinbase Wallet supports USDT on BNB Chain, Ethereum, Polygon, and others. Users can swap tokens or buy all Coinbase cryptocurrencies with debit cards in Wallet. Users must maintain account security and integrity since the wallet is self-custodial. No personal information is needed, assuring privacy.

The wallet lets users stake assets. Another way to stake liquid ETH, although validator commissions and gas expenses, must be addressed.

Notable features of the Coinbase Wallet

Swap, Trade, and Buy

Coinbase Wallet is flexible in its crypto offerings, allowing users to swap over 100,000 cryptocurrencies across popular networks such as Polygon, Ethereum, and Solana.

User-friendly and Easy to Set up

Coinbase Wallet is a browser extension for Chrome, Brave, and mobile devices (iOS and Android).

Privacy

Coinbase Wallet does not require you to disclose any personal information. You can set up a username and profile and decide whether it can be searchable.

Username Address

Usernames can be used as a substitute for network addresses to send and receive cryptocurrencies and NFTs.

Coinbase Wallet Security

Coinbase employs a robust security framework that protects users’ identities and funds, conducting regular security audits and upgrades.

Like other wallets, Coinbase Wallet leverages a 12-word seed phrase that users must insert if they already have an account or want to access it on another device. Other notable security features are biometric access, passwords, 2FA, security locks, and more.

Another perk is the interaction with Ledger, allowing users to move their funds to a hardware wallet.

Pros & Cons of Coinbase Wallet

Pros explained: 

• Offers 24/7 customer support, along with a help page and email support.
• Supports liquid Ethereum staking (besides regular staking).
• Simplified payments and user-friendly layout.
• Easy setup: available to download as a browser extension or mobile device with easy installation setup.

 Cons explained:

• The desktop version is more user-friendly and versatile than the mobile version, offering additional features such as the Community tab, where users can interact with each other.

Exodus Wallet – Best For Hardware Wallet Integration

The flexible, non-custodial Exodus crypto wallet supports over 50 blockchain networks. It has an iOS and Android app, browser extension, and desktop wallet. The wallet supports Ethereum, Solana, BSC, and Algorand, letting users communicate with dApps across ecosystems. NFTs and Trezor hardware wallet integration are supported.

Notable Features of Exodus Wallet

It supports hardware wallet integration with Trezor, specifically Trezor Safe 3.

Fiat on-ramp

Exodus facilitates the purchase of cryptocurrencies with fiat currency through services like Moonpay, Ramp, Sardine, and Robinhood Connect (availability may vary by location). Users can buy crypto using debit or credit cards and have it deposited directly into their Exodus wallet.

Built-in Exchange

Exodus provides a built-in exchange, which allows users to trade and manage crypto portfolios without recurring to external crypto exchanges.

Swaps

Users can easily exchange cryptocurrencies for different tokens directly within the Exodus app, enhancing flexibility in managing their crypto portfolios.

Crypto staking

Like other wallets, Exodus supports in-app staking. Some popular wallets are ETH, SOL, ADA, ATOM, etc.

Transaction export

Exodus allows users to export their crypto transaction history in a .csv file format for tax purposes.

Browser extension

Exodus provides a feature-rich browser extension that allows users to access dApps, manage NFTs, swap and stake assets, and more.

Like most wallets, Exodus is free to download and use. However, a spread fee is added to the coin exchange rate, which varies depending on market conditions.

Exodus Wallet Security

Exodus has an attractive policy: the wallet is as secure as its installed device.

In other words, you’re solely responsible for what happens to your wallet; if you lose your mobile device or leave your browser open and the wallet is visible —or in any case where the devices are compromised— your funds are at risk.

Exodus also provides no extra security mechanisms, such as 2FA, security locks, scam alerts, etc. However, the Exodus team does provide constant updates about the wallet states and informs users if any vulnerability has been patched.

Pros & Cons of Exodus Wallet

Pros explained:

• Easy setup: Setting up Exodus on desktop, browser, or mobile devices is straightforward. Users can create and synchronize a single wallet across devices using a 12-word seed phrase.
• Robust customer support: Exodus provides customer support through chat and email services, help pages, and even dozens of articles on security practices.
• Regular updates and communication: The wallet provides updates and security reports every two weeks. However, users must manually update their wallets via Exodus’s official website.
• Supports staking: Exodus supports staking, allowing users to put their crypto to work directly through the wallet.

Cons explained:

• Exodus lacks traditional two-factor authentication (2FA), meaning that, in reality, users rely solely on their passwords for security. This omission poses risks if passwords are compromised.
• It’s not open source; the software code is not accessible or cannot be modified by the public. This is often considered a lack of transparency that prevents users and external developers from independently reviewing the wallet’s security mechanisms and overall reliability.

Trezor Safe 3 – Best Hardware Wallet for USDT

Trezor offers three main products: One, Model T, and Safe 3 (or S3). One supports over 13 coins and costs $59, the cheapest. Trezor’s current model is the S3. A certified EAL6+ chip, Secure Element, provides strong security. Privacy is a high priority, as the Safe 3 model supports Tor and Coinjoin, a Bitcoin anonymizer.

The Safe 3 model supports over 8,000 coins and tokens, expanding Trezor’s crypto offering. Cheaper than the Trezor T, the Safe Three costs $79. The T model is “more secure,” but it costs $180 and supports fewer coins, so it depends on your preferences.

The Trezor Suite Lite app works on iOS and Android devices with Linux, Microsoft, and Mac operating systems.

Ledger – Nano X Vs. Nano S Plus

Nano X and Nano S Plus are among Ledger’s many cold storage options. Ledger Nano X is best for a hardware wallet that supports over 5,000 coins, including USDT. The price is $149.

Nano X is CC EAL5+ certified and has various security features. If you’re attacked, Nano X’s hidden wallet feature lets you create multiple wallet interfaces on the device containing a particular quantity of coins. In case of device compromise, the attacker won’t know where your cash is.

S Plus and Nano X are comparable, yet several variances exist. Nano S allows over 5,500 coins, costs $79, and works with Android, while Nano X supports iOS and Android.

Nano S Plus has an exchange and CC EAL5+ certification. Its touch screen makes it more dynamic and manageable than the Nano X.

Types of USDT Wallets

USDT, like most crypto assets, can be stored in two main types of wallets: hot and cold.

Hot wallets are software applications connected to the Internet. They offer users a wide array of features to store and manage their assets across multiple networks and access to decentralized applications (dApps) on different devices, such as browser extensions, mobile devices, and desktops.

On the other hand, cold wallets are physical hardware devices resembling pen drives. They provide enhanced security by storing cryptocurrencies offline, yet they have their downside, which will be explored in another section.

Web Wallets

Web wallets are extensions that can be downloaded and installed in Chrome, Firefox, and Opera browsers.

They offer flexibility and accessibility, enabling users to manage, store, and transact with crypto directly through a web browser. Most web wallets also support dApps, Web3 applications, and NFTs, making them suitable for various digital asset activities.

Hardware wallets

Hardware wallets generate and store private keys offline, enhancing security by isolating them from the internet, thus minimizing the risk of hacking and online attacks. These wallets offer the highest level of security for crypto funds, adding another layer of protection to your funds. However, they are not as flexible/dynamic as software wallets.

They are robust in terms of security. Most incidents involving users losing their funds or getting hacked are due to malpractices or devices getting lost. Therefore, you must understand self-custody fundamentals and some of the best practices for storing your crypto. Have a look at our guide below: 

9 Tips For Securing Your Bitcoin and Crypto Wallets You Must Follow

Mobile Wallets

Mobile wallets are available for iOS and Android devices, providing accessibility and convenience for managing, storing, and transacting USDT or any other asset on the go.

However, users should be cautious of security risks such as malware, the potential loss of their mobile device, and signing malicious transactions because they’re not paying enough attention while casually scrolling through their phones.

Desktop Wallets

Desktop wallets are software programs that can be downloaded and installed on computers. However, they require a certain level of technical proficiency to install and operate.

The main perk of using a desktop wallet is its broader features compared to browser extensions, including integrated staking, advanced security measures, and more. However, they do have their drawdowns as many of them are dedicated to a specific cryptocurrency and do not offer support for a broader range of coins.

Factors to Consider When Choosing a BTC Wallet

There are significant factors to consider before choosing a USDT wallet. Most importantly, we’re talking about security, compatibility, fees, customer support, and more.

Here’s a breakdown:

Security

To ensure the safety of your USDT holdings, prioritize wallets with solid encryption, multi-factor authentication (MFA), a clean security track record, and regular security audits.

User-friendliness

Opt for wallets with clear payment layouts, intuitive navigation, and easy sending and receiving functionalities, mainly since USDT is commonly used for frequent transactions. Additionally, ensure that the app store is accessible and straightforward to navigate within the wallet interface.

Compatibility

You might choose a flexible wallet that provides interoperability between multiple blockchain networks. Other considerations are support for NFTs and custom token integration.

Customer Support

This is pretty much self-explanatory. Access to reliable customer support is valuable in case you encounter any issues. It’s good to have responsive and knowledgeable support options like live chat, email, or phone support.

Fees

Fees can vary depending on the wallet, the types of services, and network congestion. You can compare costs for different wallets before choosing one, especially if you plan on making frequent USDT transactions.

Best BTC Wallets – Closing thoughts

USDT is one of the crypto industry’s most essential cornerstones, offering stability and versatility to investors, institutions, traders, and the average user. Security and efficiency are paramount, whether you’re a newcomer or an experienced crypto user. That’s why choosing the best USDT wallet is a challenging but doable task that requires deeply analyzing each wallet and weighing key factors, such as security, fees, flexibility, and functionality.