If you are referring to storing USDT in a secure wallet, you have two options in that matter: centralized and decentralized exchange, and it can also be in any non-custodial wallet. It just depends on the research you do to keep USDT in your wallet.
Storting USDT or any other coins on the decentralized or centralized exchanges especially CEX is very high risky i think. Because you know CEX can be hacked at any time even Binance also hacked in the several times. Secondly, there are no benefits to hold stable coin for the long time if it will not be staking or farming like that. Another trouble is stable coin be frozen because it’s a decentralized ecosystem. 
Topic: May I ask, how can I securely store USDT, USDC, DAI? (Read 337 times)
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Simply store it in a private wallet that you don't use for any activity apart from that. Use your other day to day wallet for websites, exchanges and all other your activities .Thats how i have been storing crypto-assets for many years now.
Yes, the safest solution should be simple. I plan to use a 2-of-2 multi-signature wallet (Ledger + Trezor) to manage Bitcoin, and two single-signature wallets with passphrases (Trezor and Keystone) to manage Ethereum and BNB tokens. It can't get any more complicated than that.
Simply store it in a private wallet that you don't use for any activity apart from that. Use your other day to day wallet for websites, exchanges and all other your activities .Thats how i have been storing crypto-assets for many years now.
definitely some wallet like trezor, that at least have many measure are the way to go if you want to avoid your money ever being stolen.
I just don't think that there are any other safer way to avoid your money being stolen at this point, generating wallet for paper wallet sometime also seem futile considering that you have the chance of losing access to your wallet if you lost the paper wallet.
so i think if you have hardware wallet which you do, then just stick with it, its by far best solution that you got, the fact that many other also use it means its quite effective.
I just don't think that there are any other safer way to avoid your money being stolen at this point, generating wallet for paper wallet sometime also seem futile considering that you have the chance of losing access to your wallet if you lost the paper wallet.
so i think if you have hardware wallet which you do, then just stick with it, its by far best solution that you got, the fact that many other also use it means its quite effective.
Yes, the design and all codes of open-source hardware wallets were verified by many experienced people. I can 100% trust these community supervision.
I wonder that I will buy a bitbox, and then half in bitbox and half in trezor. My ledger will be discarded in near future. There can be no security without supervision.
Storing stablecoins in the hardwallet for the purpose of preserving the value of your profit is good, and seriously as I understand here you already have your prospect about buying a good hard wallet, I don't know if you meant to ask or this is just a marketing purposes. Anyway, I'll go for Trezor this time because of the issue with Ledger, I'm starting to move out my holdings and transferring it to Trezor for my own peace of mind.
I am also think about it. As a newbie, I have waste too much on junk hardware wallets like Ledger, and other close-source hardware wallets. Quote
Do not take financial advice or it may lead you to lose your money from GhatGPT.
You are absolutely right.
Trust is the elephant in the room. Does Ledger, Trezor, or multi-signature technology deserve our trust? You seem to be trying to eliminate trust by adding security layers. Can you ever be safe in the cryptocurrency wild west?
Dont even mention Ethereum. I agree; smart contracts are time bombs. Not "if" but "when" they'll fail. How could anyone trust Genosis secure when its reputation is no better than Ledger or Trezor?
Why store in USDC, DAI, and USDT when you can convert to USD and bank it? You state your country bans cryptocurrency trading. Well, theres your sign that maybe, just maybe, the powers that be know something you dont.
By that logic why keep your money in the bank? Government could takeover all of it and consider it as theirs to cover expenses of a crash, which they have done in a few nations. They had one in Cyprus if I am not wrong where they took the money right out of your bank account if it was more than a certain amount, to pay for something, I do not remember what it was.Dont even mention Ethereum. I agree; smart contracts are time bombs. Not "if" but "when" they'll fail. How could anyone trust Genosis secure when its reputation is no better than Ledger or Trezor?
Why store in USDC, DAI, and USDT when you can convert to USD and bank it? You state your country bans cryptocurrency trading. Well, theres your sign that maybe, just maybe, the powers that be know something you dont.
So all in all we have to realize that it is not going to be easy to fully trust anything, what if you get gold and put it in a bank vault? You may get it stolen, who knows? Or what if you get banknotes and put it in a safe at your house? Could be stolen there too. All in all, if you want to look for the impossible, you are going to find it everywhere you look.
First of all why do you want to securely store USDT, are you gonna holding for a long period of time? If yes is there any major benefit store USDT without staking it
The secure way that I know is through Hardware Wallet like Ledger. Today Hardware wallet able to save multiple network chain so you dont need to worry about it.
The secure way that I know is through Hardware Wallet like Ledger. Today Hardware wallet able to save multiple network chain so you dont need to worry about it.
I currently only hold Bitcoin, if one day the price is too high, I want to sell it and convert it to USDT. When the price is low, buy back Bitcoin. In this way, my Bitcoin will increase more and more. A single hardware wallet is not safe enough. I live in Asia, and Ledger and Trezor are in Europe. What if they themselves do evil? At least two independent well-known companies must jointly guarantee, that is safe enough. For example, Bitcoin's multi-signature, as well as airgapped wallet + trezor. I haven't found a suitable wallet that supports Trezor in an offline environment.
I don't store USDC, I farm with it. Why would you just let it sit when you can get around 500% during the Q saving and borrowing incentive program? Even providing liquidity on a dApp like pancakeswap should get you higher returns than storing it in a savings account. Put that money to use or lose your money to inflation!
Trust is the elephant in the room. Does Ledger, Trezor, or multi-signature technology deserve our trust? You seem to be trying to eliminate trust by adding security layers. Can you ever be safe in the cryptocurrency wild west?
Dont even mention Ethereum. I agree; smart contracts are time bombs. Not "if" but "when" they'll fail. How could anyone trust Genosis secure when its reputation is no better than Ledger or Trezor?
Why store in USDC, DAI, and USDT when you can convert to USD and bank it? You state your country bans cryptocurrency trading. Well, theres your sign that maybe, just maybe, the powers that be know something you dont.
Dont even mention Ethereum. I agree; smart contracts are time bombs. Not "if" but "when" they'll fail. How could anyone trust Genosis secure when its reputation is no better than Ledger or Trezor?
Why store in USDC, DAI, and USDT when you can convert to USD and bank it? You state your country bans cryptocurrency trading. Well, theres your sign that maybe, just maybe, the powers that be know something you dont.
First of all why do you want to securely store USDT, are you gonna holding for a long period of time? If yes is there any major benefit store USDT without staking it
The secure way that I know is through Hardware Wallet like Ledger. Today Hardware wallet able to save multiple network chain so you dont need to worry about it.
Staking your stablecoins is also risky, you can't guarantee it is safe. The best example that happened was the Luna Classic (UST) when that stablecoin was depegged, that's the main issue you want to avoid if you are into stablecoin.The secure way that I know is through Hardware Wallet like Ledger. Today Hardware wallet able to save multiple network chain so you dont need to worry about it.
Another thing is the platform you are staking, it is centralized, so there could be a lot of ways that the platform could lose your stablecoins.
definitely some wallet like trezor, that at least have many measure are the way to go if you want to avoid your money ever being stolen.
I just don't think that there are any other safer way to avoid your money being stolen at this point, generating wallet for paper wallet sometime also seem futile considering that you have the chance of losing access to your wallet if you lost the paper wallet.
so i think if you have hardware wallet which you do, then just stick with it, its by far best solution that you got, the fact that many other also use it means its quite effective.
I just don't think that there are any other safer way to avoid your money being stolen at this point, generating wallet for paper wallet sometime also seem futile considering that you have the chance of losing access to your wallet if you lost the paper wallet.
so i think if you have hardware wallet which you do, then just stick with it, its by far best solution that you got, the fact that many other also use it means its quite effective.
Don't. Please do not try to securely store your USDT because that means you are going to trust it way more than you should and that will end up with you believing that it will be something you could hold for a very long time. But we have no concrete proof that USDT is secure itself let alone you secure yours.
It could end up with something that could result with a big loss if you are not careful and I believe that we are going to end up with something that will result with a big return that will not be smart at all. I understand that it is not a simple thing but at the end of the day we are going to end up with a result that should be enjoyable and having USDT for long term will not be enjoyable at all if you do that.
It could end up with something that could result with a big loss if you are not careful and I believe that we are going to end up with something that will result with a big return that will not be smart at all. I understand that it is not a simple thing but at the end of the day we are going to end up with a result that should be enjoyable and having USDT for long term will not be enjoyable at all if you do that.
Saving your digital assets in USDT or other stable coins will not provide any increase in your investment. If you really don't want to store your assets in crypto, I suggest storing them in the form of real assets such as gold or property. What I can say is that it is best not to keep your assets in FIAT money because their value will continue to decrease from year to year.
Storing stablecoins in the hardwallet for the purpose of preserving the value of your profit is good, and seriously as I understand here you already have your prospect about buying a good hard wallet, I don't know if you meant to ask or this is just a marketing purposes. Anyway, I'll go for Trezor this time because of the issue with Ledger, I'm starting to move out my holdings and transferring it to Trezor for my own peace of mind.
@OP next time if you want to reply more than one user, you need to compile it to one post, don't post in a row because the forum forbid it.
I see many people already answer using hardware wallet e.g. trezor, but you still not trust about it because you can't rely on trezor's company.
To clear your doubt, my answer is none and you need to convert all of your coins into Bitcoin because you're understand if Bitcoin is the only one coin that's very secure to hold due to decentralization, transparent and verifiable.
I see many people already answer using hardware wallet e.g. trezor, but you still not trust about it because you can't rely on trezor's company.
To clear your doubt, my answer is none and you need to convert all of your coins into Bitcoin because you're understand if Bitcoin is the only one coin that's very secure to hold due to decentralization, transparent and verifiable.
If you can buy a hardware wallet, do it. Trezor is a good option if you can afford its price.
There is no perfect open source wallet that offers you all of these options, but there is a combination of them.
The NEW wallet provides you with the ability to store USDT DAI USDC on the Ethereum and Matic blockchains.
USDT TRC20 can be stored in tron-wallet but I prefer USDT over Matic
Links:
https://github.com/topics/tron-wallet
https://www.myetherwallet.com/
I ask GhatGPT, and the reply is:
However, despite the core code of Trezor being open-source, the hardware itself may contain proprietary components or chips that are not fully open. The functionality and code of these proprietary components may not be subject to public scrutiny. This means that even though the core code of Trezor is open-source, it is very difficult to completely ascertain the absence of backdoors on the hardware.
Do not take financial advice or it may lead you to lose your money from GhatGPT.
There is no perfect open source wallet that offers you all of these options, but there is a combination of them.
The NEW wallet provides you with the ability to store USDT DAI USDC on the Ethereum and Matic blockchains.
USDT TRC20 can be stored in tron-wallet but I prefer USDT over Matic
Links:
https://github.com/topics/tron-wallet
https://www.myetherwallet.com/
I ask GhatGPT, and the reply is:
However, despite the core code of Trezor being open-source, the hardware itself may contain proprietary components or chips that are not fully open. The functionality and code of these proprietary components may not be subject to public scrutiny. This means that even though the core code of Trezor is open-source, it is very difficult to completely ascertain the absence of backdoors on the hardware.
Do not take financial advice or it may lead you to lose your money from GhatGPT.
Why do you get into so much trouble? There's no need to overthink it. Just use a hardware wallet that's sufficient. Hardware wallets are very secure and support several cryptocurrency chains. There's no need to worry so much that's fine. Nobody wants to take any risks everyone wants to stay secure. In my opinion, using a hardware wallet would be a better choice.
Thanks. I have many hardware wallets, like ledger and trezor.
Where everyone else is thinking about holding Bitcoin or other coins safely, your thinking is a bit different. You are thinking about holding USD instead of holding Bitcoin or other coins like everyone else. From your decision, it seems to me that maybe you don't like to take risks and are content with what you have. Whether to invest or not is entirely up to you, here we discuss how to safely store USD. First we need to select a wallet with more security (Electrum wallet, Mycelium wallet, My etherium wallet). By choosing a wallet with more security, we can easily store USDT in that wallet by making a specific account in that wallet. But we must be careful that no one can know the private or secret information of our wallet only if our USD is safe in our account.
There may be some misunderstanding, so I have re-edited the message description.Thank you.
Where everyone else is thinking about holding Bitcoin or other coins safely, your thinking is a bit different. You are thinking about holding USD instead of holding Bitcoin or other coins like everyone else. From your decision, it seems to me that maybe you don't like to take risks and are content with what you have. Whether to invest or not is entirely up to you, here we discuss how to safely store USD. First we need to select a wallet with more security (Electrum wallet, Mycelium wallet, My etherium wallet). By choosing a wallet with more security, we can easily store USDT in that wallet by making a specific account in that wallet. But we must be careful that no one can know the private or secret information of our wallet only if our USD is safe in our account.
There may be some misunderstanding, so I have re-edited the message description.Thank you.
Where everyone else is thinking about holding Bitcoin or other coins safely, your thinking is a bit different. You are thinking about holding USD instead of holding Bitcoin or other coins like everyone else. From your decision, it seems to me that maybe you don't like to take risks and are content with what you have. Whether to invest or not is entirely up to you, here we discuss how to safely store USD. First we need to select a wallet with more security (Electrum wallet, Mycelium wallet, My etherium wallet). By choosing a wallet with more security, we can easily store USDT in that wallet by making a specific account in that wallet. But we must be careful that no one can know the private or secret information of our wallet only if our USD is safe in our account.
There may be some misunderstanding, so I have re-edited the message description.Thank you.
Where everyone else is thinking about holding Bitcoin or other coins safely, your thinking is a bit different. You are thinking about holding USD instead of holding Bitcoin or other coins like everyone else. From your decision, it seems to me that maybe you don't like to take risks and are content with what you have. Whether to invest or not is entirely up to you, here we discuss how to safely store USD. First we need to select a wallet with more security (Electrum wallet, Mycelium wallet, My etherium wallet). By choosing a wallet with more security, we can easily store USDT in that wallet by making a specific account in that wallet. But we must be careful that no one can know the private or secret information of our wallet only if our USD is safe in our account.
There may be some misunderstanding, so I have re-edited the message description.Thank you.
On a cold wallet, or better in cash. And USDT itself is not a stablecoin, USDC is better, there is also decentralized DAI
\Thanks, USDC and DAI are better.
I think the easiest and best way is to use a non custodial wallet. There are different wallets out there. Like MetaMask, BitKeep Wallet and more. These wallets are safe and can only be managed or controlled by you.
On my opinion, mainstream hardware wallets, like ledger, trezor, bitbox, keepkey, are better choices.
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What am I missing here? Which part isn't and when did they implement that? Their software and firmware are fully open since the beginning from what I know. All their repositories seems public so I would assume everyone could access and review it.
I am sorry that I do not have enough knowledge. I ask GhatGPT, and the reply is:
However, despite the core code of Trezor being open-source, the hardware itself may contain proprietary components or chips that are not fully open. The functionality and code of these proprietary components may not be subject to public scrutiny. This means that even though the core code of Trezor is open-source, it is very difficult to completely ascertain the absence of backdoors on the hardware.
