USDTether wallet | Bitcointalksearch.org

wuvdoll

legendary

Activity: 1442

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Quote from: balambala on March 06, 2019, 02:23:30 PM

Most exchanges use USDTether instead of USD and I want to give it a try.

Which wallet do you use to send, receive and store your USDTethers ? or do you keep them on an exchange ?

This is because there is a very big difference between USD and USDT, USD is the united state currency also referred to as fiat while USDT is a cryptocurrency that is pegged to the dollars making it have a stable price instead of $1 unlike other cryptocurrency that don't have a stable price and you can't know what exactly the price would be in the next minute, there are many wallet you can use to store your tether coin but I will recommend you making use of an hardware wallet like trezor or any other hardware wallet that is trusted.

Baofeng

legendary

Activity: 2576

Merit: 1655

As far as my experienced with USDTether, I just put in a reputable exchange, however, when I try to withdraw it, the fees are just ridiculous so the OP might have to take that in consideration as well before putting his/her funds on USDT.

sheenshane

legendary

Activity: 2492

Merit: 1232

Quote from: ajaymukund on March 06, 2019, 10:39:11 PM

Besides, you absolutely cannot leave your coins on the exchanges. That's the way to lead you to the dead road. Never trust trading platforms and buy hard wallets to protect your money.

Probably you can do that for a short term period, I've personally chosen reputed exchange where to store my USDT(Binance).
Even though they are reputed exchange but I don't trust to hold there if I have a huge amount.
Reply above was right, Trezor wallet is supported USDT for storing, so that is advisable where to keep your USDT.

ajaymukund

member

Activity: 784

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https://streamies.io/

Quote from: balambala on March 06, 2019, 02:23:30 PM

Hello,

Most exchanges use USDTether instead of USD and I want to give it a try.

Which wallet do you use to send, receive and store your USDTethers ? or do you keep them on an exchange ?

Thank you.

I just kept my coins on my wallet, which was Ledger Nano S or Trezor. Hard wallets have extremely good security and you won't have to worry about hackers.
Besides, you absolutely cannot leave your coins on the exchanges. That's the way to lead you to the dead road. Never trust trading platforms and buy hard wallets to protect your money.

adamlillian

member

Activity: 459

Merit: 10

Quote from: balambala on March 06, 2019, 02:23:30 PM

Hello,

Most exchanges use USDTether instead of USD and I want to give it a try.

Which wallet do you use to send, receive and store your USDTethers ? or do you keep them on an exchange ?

Thank you.

One thing you need to know is that you should not deposit lots of money on your trading platform. That would be a huge mistake. Many traders have lost money because they have been hacked by hackers and stolen their money right on exchange.
You should only use hard wallets. I'm using Trezor and it's pretty awesome. Very safe and secure. You will only spend a little time to unlock it and you can trade freely.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: mk4 on March 06, 2019, 09:19:42 PM

Quote from: hardinero007 on March 06, 2019, 09:15:47 PM

i don't think OP is planning to convert his assets into USDT. perhaps he's planning to convert some into USDT to facilitate trading processes. USDT is easier to send/transfer and is a preferred currency over USD in most exchanges. USDT has been for many years and won't likely to collapse in an instant. nevertheless, never put in more than you can afford to lose.

Well in this case, if OP isn't planning on holding the USDT for a decent time but probably just to quickly move funds over exchanges, then getting a wallet is probably a waste of time. Simply just move the funds from exchange<->exchange.

Having a cold wallet for storing the cryptocurrencies and hot wallet for moving coins between exchanges is necessary in my opinion. If OP wants to transfer high amounts, using wallet is desirable for preventing possible security issues.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: hardinero007 on March 06, 2019, 09:15:47 PM

i don't think OP is planning to convert his assets into USDT. perhaps he's planning to convert some into USDT to facilitate trading processes. USDT is easier to send/transfer and is a preferred currency over USD in most exchanges. USDT has been for many years and won't likely to collapse in an instant. nevertheless, never put in more than you can afford to lose.

Well in this case, if OP isn't planning on holding the USDT for a decent time but probably just to quickly move funds over exchanges, then getting a wallet is probably a waste of time. Simply just move the funds from exchange<->exchange.

hardinero007

sr. member

Activity: 938

Merit: 266

Quote from: mk4 on March 06, 2019, 07:08:35 PM

If you're from the United States, I suggest holding real dollars instead of holding USDT. It's been said from time to time that USDT might not really be 100% backed 1:1 as they've claimed in the past. Hence, there's a risk into holding USDT as a $1 USDT price isn't 100% guaranteed in the long term.

But anyway like OmegaStarScream said, Trezor supports it, along with Ledger. So if you're holding significant amounts, definitely go with that instead.

i don't think OP is planning to convert his assets into USDT. perhaps he's planning to convert some into USDT to facilitate trading processes. USDT is easier to send/transfer and is a preferred currency over USD in most exchanges. USDT has been for many years and won't likely to collapse in an instant. nevertheless, never put in more than you can afford to lose.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

If you're from the United States, I suggest holding real dollars instead of holding USDT. It's been said from time to time that USDT might not really be 100% backed 1:1 as they've claimed in the past. Hence, there's a risk into holding USDT as a $1 USDT price isn't 100% guaranteed in the long term.

But anyway like OmegaStarScream said, Trezor supports it, along with Ledger. So if you're holding significant amounts, definitely go with that instead.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

The best option would be to use Trezor now and they support it. Never trust exchanges or online wallets for your funds.

Alternatively, you have Omniwallet which I believe is open source and reputable.

If you're planning to hold them for long term basically, then you should know that Tether is based on Bitcoin's blockchain which means you can store them in any bitcoin address, just make sure you have control over the private keys. Whenever you want to spend them, you could export the private keys and use them in Omniwallet for example.

balambala

newbie

Activity: 35

Merit: 0

Hello,

Most exchanges use USDTether instead of USD and I want to give it a try.

Which wallet do you use to send, receive and store your USDTethers ? or do you keep them on an exchange ?

Thank you.

Topic: USDTether wallet (Read 188 times)