Tether (USDT) Wallet for Desktop and Mobile (iOS & Android)

To buy Tether (USDT) with a crypto debit card, there are several ways to access CEX.IO Wallet services:

• First, set up a new account on the platform (or log in if you already have one);
• After completing the verification process, navigate to CEX.IO Wallet by either hovering your cursor over the Products tab in the upper left corner, and selecting Wallet from the middle column, or by clicking on CEX.IO Wallet in the right-hand side of the screen.

Both pathways lead to the CEX.IO Wallet web interface, where you can choose USDT from the drop-down menu. 

When looking to sell or buy crypto, one of the first considerations will likely be which cryptocurrency wallet to use. We’ll delve into what crypto wallets are and how they work below, but before that, let’s take a closer look at Tether (USDT) as a cryptocurrency.

Tether (USDT) is a cryptocurrency designed to provide a stable price point at all times, and is also referred to as a “stablecoin.” Created by Tether Limited, each USDT token is worth nearly $1.00 U.S. and is backed by the same amount in physical reserves. 

Because it is pegged to the U.S. dollar, USDT actively works to keep its valuation stable through market mechanisms. It was created to bridge the gaps between fiat currencies and blockchain, while offering low fees, stability, and transparency for USDT users. 

Tether has been accepted and used for years, holding a legitimacy that few projects have been known to match. USDT is widely accepted as a means of exchange and a payment method by numerous protocols and vendors within the blockchain ecosystem. 

As a result of its significant reserves, Tether has yet to suffer from or be significantly impacted by Black Swan events (unexpected occurrences that deeply impact the market, such as the 2008 financial crisis, or the COVID-19 pandemic). 

This cryptocurrency was originally launched under the name Realcoin on October 6, 2014. The team behind the project consisted of Reeve Collins, Brock Pierce, and Craig Sellars (a member of the Omni Foundation). 

Thanks to Sellars being on the team, the trio were able to build Tether using the Omni Protocol. As a result, users were empowered to create and trade smart-contract-based currencies and properties on Bitcoin’s blockchain. 

On November 20, 2014, Collins (Tether’s CEO) announced that their token’s original name, Realcoin, would change to Tether (USDT). 

Choosing to hold, trade, or buy USDT translates into needing a reliable and safe crypto web wallet that’s compatible with your newly acquired crypto assets. To help you make the most informed decision regarding your wallet of choice, we’ll explore what a crypto wallet is, how it works, and the various types of crypto wallets supporting Tether (USDT) below.

Crypto wallets come in different forms, sizes, and shapes. There are also cryptocurrency-specific wallets that are designed to hold only one or a select combination of cryptocurrencies (such as a Bitcoin or Ethereum crypto wallet).

Regardless, two of the most common types are software programs and physical devices. The purpose of a crypto wallet is usually twofold. On the one hand, they’re designed to empower users to send or receive crypto transactions. On the other hand, they also serve to allow owners to store their crypto in one place. 

When it comes to how a crypto wallet works, the process is fairly intuitive. Each wallet features two key pairs: one is public, and the other is private. While each type serves a specific function, the ability to store these keys are what makes a crypto wallet. 

The public key is a crypto address users apply when they want to send crypto assets into the wallet. Note that there are numerous public keys to each crypto wallet. This means that you can give out differing key addresses, but still receive crypto transactions to the same wallet. However, your private key is unique. Losing it means you (often irreversibly) lose all access to your crypto holdings.

Furthermore, one of the most common contention points among crypto enthusiasts is the debate between custodial and non-custodial wallets. Here’s what you need to know about the former.

Some crypto enthusiasts prefer keeping track of their public and private keys on their own, and maintaining complete control over their crypto assets. Others prioritize functionality and ease of access over other factors, and ultimately choose safe, online crypto storage like the CEX.IO Wallet.

If you’re new to crypto, and you lose or misplace your private key, you risk irreversibly losing access to your crypto holdings. If that happens, you won’t be able to perform any transactions using your assets. 

However, storing USDT in a custodial CEX.IO Wallet could offer peace of mind from a trusted platform with a proven track record of reliability. Moreover, acquiring crypto like USDT directly on CEX.IO makes for a more effortless and smoother experience of conducting crypto transactions.

Choosing the CEX.IO Wallet means you benefit from intuitive, straightforward crypto access, as well as round-the-clock security. Your digital funds are merely a few clicks/screen taps away, making a trusted custodial wallet the go-to choice for beginner crypto enthusiasts and industry experts alike.

That said, please note that, depending on your location and current regulatory and jurisdictional limitations, you may also be eligible to explore CEX.IO crypto savings accounts*.

*CEX.IO Savings is currently not available in the U.S. Check the list of supported jurisdictions here. 

Please keep in mind that the above steps describe using your CEX.IO wallet via a desktop web browser. If you prefer to use your phone and have an iPhone crypto wallet or an Android crypto wallet, managing your USDT while on the go is just as effortless through the CEX.IO App.

Once you log into your account via the CEX.IO App, navigate to the Wallet tab on the screen, and choose between Convert, Send, Receive and Buy features, which we’ll cover in more detail below. The interface will also let you select which cryptocurrency you’d like to transact. In this case, you can choose USDT.

Additionally, managing your holdings in the CEX.IO wallet is possible across various payment methods, including bank transfers, credit and debit cards, and e-wallets. However, note that some of these payment methods are subject to jurisdictional limitations. 

Follow these steps to buy Tether (USDT) with CEX.IO wallet through your preferred desktop browser:

1. From the Wallet dashboard, scroll down and select USDT from the list of available cryptocurrencies;
2. Choose between Add Funds (if you haven’t made a deposit yet) or Convert (if you already have some funds in your account) next to USDT;
3. Follow the instructions on the screen to complete the desired transaction.

To receive USDT, select Get Address from the Wallet dashboard, and follow the instructions on the next screen to complete the transaction.

The process is nearly identical in the CEX.IO App:

1. Open the CEX.IO App (or download, install, and log in using your credentials);
2. Navigate to the Wallet tab;
3. Click Buy, then select USDT from the list of available cryptocurrencies;
4. Select your preferred payment method;
5. Choose between one of the prearranged packs, or in the You pay field, enter the amount of fiat funds you’d like to exchange for USDT;
6. Follow the instructions on the screen, and after conducting a personal risk assessment, complete the desired transaction.

To receive USDT, click on the Receive button in your CEX.IO App Wallet tab, select USDT from the list of cryptocurrencies, and follow the instructions to complete the transaction.

A USDT wallet is any crypto wallet (software or hardware, custodial or non-custodial) that supports USDT as a token and allows you to hold this cryptocurrency, as well as perform crypto transactions from it. These transactions may include sending, receiving, swapping, and the like. 

It is impossible to accurately answer this question, because there is no one single crypto wallet that qualifies as best. Instead, it may be wiser to consider which crypto (USDT) wallet best suits your specific needs. To that end, you may want to consider whether you’d feel more comfortable with a custodial or non-custodial wallet, a software one or a physical device, and similar factors. 

The safest way to keep USDT depends on various factors. Some crypto enthusiasts prefer to use physical devices (cold, offline wallets) that are disconnected from the internet. While such wallets provide increased security, they can at times make it challenging to quickly access your holdings should you want to perform a transaction. Plenty of safe and reputable custodial wallets, like the CEX.IO Wallet, solve this problem by ensuring your holdings are both secure and easily accessible at all times.