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Tether (USDT) Wallet Guide: How to Store Your Stablecoins

Tether (USDT) Wallet Guide: How to Store Your Stablecoins

Create a secure storage for your Tether assets on Guarda — the world’s leading provider of non-custodial cryptocurrency wallets. In this comprehensive guide, we will explain to you how to choose and set up a proper Tether (USDT) wallet step by step.

What is Tether (USDT)?

Tether USDT crypto

Tether is quite a controversial cryptocurrency: it originally claimed that each token was backed by one US dollar. Thus, Tether was called stablecoin, for its main idea implied the minimization of volatility intrinsic to all cryptocurrencies. While to a certain degree it is also true for fiat money (for example, such currencies as USD or EUR), the fluctuations of their exchange rates are usually so small that it doesn’t impede their daily use as a payment method. When it comes to crypto, these fluctuations are significantly amplified. This makes cryptocurrencies impractical for daily use but at the same time, it increases their popularity as a speculative asset.

With the growth of mass public awareness of blockchain technology, cryptocurrencies started catching the attention of major financial institutions. Despite the enthusiasm of blockchain insiders, already existing cryptocurrencies still lacked stability for being used by average retailers as a means of payment on a daily basis — their purchasing ability was not clear. Tether, on the contrary, was designed to always be worth $1.00 and serve as a US dollar substitute, though Tether Limited that issued the token declared that its holders had no contractual right or legal guarantee that the tokens would be exchanged for dollars.

In April of 2019, the company announced that the current backing of Tether stood at only $0.74 in cash or cash equivalents which is obviously less than the promised amount. This stirred up the crypto community because Tether Limited was instantly suspected in the manipulating the price of Bitcoin since Tether was originally built on Omni Layer protocol of Bitcoin blockchain. In spite of the events mentioned above Tether still remains one of the 10 major crypto assets in terms of market capitalization.

Tether (USDT) price on CoinMarketCap.

How to store Tether (USDT) token?

As we already mentioned, Tether was originally created on Omni Layer protocol of Bitcoin blockchain but later the additional ERC-20 version was issued. Thereby there are two different types of USDT with different storage methods. If you’re going to transfer some Tether tokens to the wallet, first you have to find out which type you have — Omni Layer or ERC-20. Mind that the two types are not compatible with each other, and if you choose the wrong wallet you will lose your money.

The good news is that checking the type of Tether tokens is fairly easy. All you have to do is to find the withdrawal address: while the address of ERC20-based USDT begins with a “0x”, the one of Omni Layer-based USDT begins with a random string of numbers or letters (often starting with either “1”, “3” or the prefix “bc1”. After that, don’t transfer the whole sum at once, send a small amount of USDT as a test, just to be sure. If everything is fine, proceed with the transactions.

The choice of the wallet, however, is not an easy task as there is a number of storages supporting Tether. Don’t forget that you’re looking for trustworthy and convenient service at the same time. Take into consideration what platforms do prefer to use, what functions do you need and how experienced in blockchain you already are. The Guarda team conducted a research in the field and made up a list of the most relevant criteria for choosing a proper Tether wallet.


When it comes to storing money (no matter fiat or digital assets), you should focus on security first. Generally, we recommend choosing non-custodial (or custody-free) cryptocurrency wallets. In comparison to custodial ones, they significantly reduce the risks of losing money for you’re the only person in charge of the backups and funds. Non-custodial wallets never keep or share with any third-party services the users’ personal data or private keys. This makes them much more reliable than the other type of hot storages.

Update frequency

This point is also about security. In the FinTech segment of the market, development equals safety and stability of the service. You’d better check the update frequency of the wallet before trusting it with your money. If the development team is active on the official website, social media or in the community chats constantly announcing the new features, bug fixes and improvements, the product seems to be trustworthy. But in case you observe hardly maintained by someone silent pages, it’s better to go for some other variant.


Never underestimate user feedback. You can evaluate the wallet’s trustworthiness and understand its special features better only by exploring the reviews on such specialized platforms as Trustpilot or CryptoCompare. For a mobile application, we’d also recommend checking the dedicated pages in App Store or Google Play.

While reading the reviews written by the wallet’s users, pay attention to the developer’s activity as well. Do the company representatives answer quickly and politely? Do they answer at all? It is definitely a bad sign if there’s a number of inquiries left unattended.


Even if you’re not a company type of person, you can find some benefits in joining the wallet community. Think of it as a great source of information rather than a social club. The experienced community members will always help a novice with technical subtleties. The can also explain to you how to manage your digital assets wisely and how to navigate in the vast amount of information floating around. Check Twitter, Facebook, Reddit, Telegram, Discord, Steemit and GitHub in order to find the like-minds among crypto enthusiasts.

How to set up a Tether wallet?

When you finally went through all the points listed above and made up your mind, it’s time to create a new wallet for your Tether assets. Guarda Wallet meets all the mentioned requirements and fully supports both USDT types (Omni Layer and ERC-20) on all its platforms: web, desktop (Windows, Linux, MacOS), mobile (Andoid, iOS) and Chrome extension. At the moment, It is the only multiplatform wallet for Tether having a stable mobile version. In the next paragraph, we will explain to you how to create a web-based wallet for Tether (as a basic one) easily in just a few steps.

create wallet

Create a Tether wallet by following these 4 steps:

  1. Click “Create Wallet” on the main page of Guarda Wallet website;
  2. Think of a strong password for your Tether wallet;
  3. Download the backup;
  4. Your Tether wallet has just been created!

Step 1. The button you’re looking for is situated in the upper right corner of the Guarda Wallet website. Once you’ll click it, you’ll be redirected to the welcome screen. Choose to create a new wallet again in order to proceed. If you would like to find some extra information on the Tether wallet you’re about to create, please, check the Web Wallet page.

Step 2. Making up a strong password for your new Tether wallet is essential. To protect your crypto assets properly, try not to repeat the same password you already use for some other services. Choose a combination of upper/lowercase letters, numbers and symbols. You can find some helpful information on cryptocurrency wallet passwords in our guide.

Step 3. Downloading your backup file and finding a safe place to keep it in is extremely important. You can only log into your Tether wallet with a combination of Guarda wallet backup and the wallet password. As we already mentioned, all Guarda wallets are non-custodial. Hence, the company doesn’t store your backups and cannot access them. Due to this, we won’t be able to restore them in case of loss. Please, make sure to save your backup file and never share it with anyone.

Step 4. Your new wallet for USDT is all set up! Now you can manage Tether assets safely and smoothly with all the features that the Guarda team has prepared for you. Enjoy!