Tether (USDT) Wallet for DeFi - Zengo (2024)

If you use Zengo, you don’t need any technical expertise or experience with cryptocurrency at all. All you need is a smartphone and the Zengo app. You can buy your first USDT tokens immediately by clicking the buy button on the home screen and picking your preferred payment method. It’s the simplest way to get started in crypto.

Most of us want the flexibility of a hot wallet with hardware security. Zengo offers the best of both worlds. Zengo is the most secure crypto wallet for storing USDT by virtue of its using threshold signatures instead of a single private key. The authentication is split between the users’ phone and the server, making it harder to hack.

Picture your USDT coins locked in a suitcase with a combination lock. The suitcase is the blockchain where your coins are kept. Your wallet is the combination you need to open the lock. Your wallet doesn’t store coins, but it gives you access to it. A wallet is the proof of ownership every bitcoin investor needs to access their funds.

Wallets can be complicated to set up…but not Zengo. Zengo is the easiest way to get started with cryptocurrency.

  1. Download the Zengo App, swipe right, and click Get Started.
  2. Enter your email address.
  3. You will receive a link to confirm your address; please click the link and follow the prompts.
  4. You’ll be asked to use face recognition and follow a few more prompts to complete your profile.
  5. Click the “Backup Now” button in the app and repeat face recognition.

And…you’re all set up! Congratulations, you can start trading!

You’ll need your wallet address to receive crypto from various sources. The address is generated automatically by your Zengo app. Tap an asset on the home screen and swipe right. A QR code will appear. Beneath it, you’ll see a string of numbers and letters. That is your wallet address!

Yes! If you feel generous, use our referral code to invite someone to download Zengo. We’ll give them additional crypto coins if they spend $200 in their first month (30 days) and give you a referral bonus, too! Once they are set up, you can gift them with any amount of cryptocurrency you wish.

Set up your Tether wallet by downloading the Zengo app and following all the prompts, including the facial scan and email link confirmation. Back up your information in the cloud, and you are good to go! Don’t worry; the app will take you through the process step by step.

All you need to send Tether to someone else is the wallet or exchange address of the recipient. Swipe right or tap the Tether asset on your home screen on the Zengo app and enter the wallet address you’d like to send it to. Click send, and the Tether will be on its way to the lucky recipient.

You can receive Tether from another wallet or party by providing the sender with your wallet address. You’ll be notified in the app when the coins arrive and can start trading right away.

Tether (USDT) Wallet for DeFi - Zengo (2024)

FAQs

Does Zengo wallet support USDT? ›

USDT is available on Zengo as an ERC-20 token: Buy, sent, trade, store and earn interest on USDT through Zengo.

Does Zengo work in the USA? ›

What are Zengo-supported countries? Zengo is available in over 188 countries worldwide and allows users to purchase Crypto, including in the US, UK, Canada, Australia, and most of Europe.

Is Zengo wallet safe? ›

Zengo claims to be the most secure crypto wallet in the market. It's a mobile wallet app without private key vulnerabilities, robust MPC security, and support for over 120 crypto assets.

What is a tether USDT wallet? ›

What is Tether (USDT) wallet app? A USDT wallet mobile and desktop app is a software application or hardware product that allows users to store, send, receive, and manage USDT (Tether) cryptocurrency.

Which wallet holds USDT? ›

The main functions of Tether wallets include secure storage and the ability to send and receive USDT. The top 5 Tether wallets are Ledger Nano X, Trezor, MetaMask, Trust Wallet, and Binance Wallet. These wallets differ in terms of security features, user-friendliness, and compatibility with various devices.

Which wallet is best for USDT? ›

The Ledger Nano X is the best USDT wallet for individuals seeking a hardware wallet to manage their Tether tokens and other cryptos securely. Ledger offers excellent security by keeping funds in “cold storage,” meaning the funds are kept offline when not in use. Hardware wallets are considered the most secure wallets.

How to withdraw USDT from Zengo? ›

To withdraw from the Zengo wallet, simply open the app, click “Actions,” and then “Send.” Specify the crypto you wish to withdraw and the amount, enter the recipient's address, review everything, and confirm the transaction. You can also withdraw your crypto to fiat currency with Zengo.

How do I get my money out of Zengo? ›

How to Withdraw Crypto From Zengo's Wallet​​ Zengo makes it easy to withdraw funds to another wallet or cash out in fiat. To withdraw to another wallet, simply open the app, select “Actions,” and tap the “Send” button. Next, decide whichever cryptocurrency you want to withdraw and specify the amount.

What network is Zengo on? ›

Your Zengo wallet is a secure bridge to this massive ecosystem via a protocol known as WalletConnect. Zengo currently supports apps that run on Ethereum, Optimism, Arbitrum One, and Polygon.

Can Zengo be hacked? ›

With 1,000,000+ customers since 2018 and 0 wallets hacked, drained, or phished, we stand by our claim that Zengo is the most secure crypto wallet (yes, more secure than hardware wallets). UPDATE: After 15 days and 200+ hacking attempts, the #ZengoWalletChallenge is over! The assets remain secure.

Has Zengo ever been hacked? ›

Instead, it has two “secret shares”, one of which is stored on your device and the other is stored on Zengo's servers. Each share is useless on its own. Because of that, the Zengo wallet has never been hacked since its inception in 2018.

How much does Zengo cost? ›

Zengo Pro is $29.99 per month and includes everything in the free tier plus legacy transfer, an inheritance-style feature that helps you transfer your digital assets to family or friends, theft protection with multi-factor authentication, WEB3 firewall and priority support within an hour or less.

What is the safest USDT wallet? ›

9 Best Tether (USDT) Wallets in 2024
  • Trezor wallet.
  • Coinbase wallet.
  • Ledger wallet.
  • CryptoWallet.com.
  • OKX wallet.
  • Crypto.com wallet.
  • eToro wallet.
  • Exodus wallet.
Feb 13, 2024

How do I get my money out of Tether? ›

Tether withdrawal
  1. Navigate to your Wallet and click the Withdraw button.
  2. Select Tether wallet in the “Withdraw from” field.
  3. Select withdrawal address or add a new withdrawal address. ...
  4. Enter the amount of Tether you wish to withdraw.
  5. Click Review withdraw button.
  6. A confirmation screen will pop up.

Can I transfer USDT to my bank account? ›

Withdrawing USDT from Binance to a bank account is done through the following process: Go to 'Fiat and Spot' on Binance and sell USDT for USD or another available fiat money. Once sold, go to the 'Withdraw' section and select the fiat option. Choose the bank account you want to transfer, enter the amount, and confirm.

What currencies are supported by Zengo? ›

Available on Zengo
NamePrice (USD)Market Cap (USD)
Bitcoin BTC$ 61,194.8$ 1,205.27 B
Ethereum ETH$ 2,977.04$ 357.55 B
Tether (ERC20) USDT$ 0.9999$ 117.21 B
Binance Coin BNB$ 589.53$ 87.01 B
87 more rows

What payment methods does Zengo accept? ›

900,000 + safe customers and growing! Zengo makes it easy and convenient to buy Bitcoin (BTC) with various payment methods. Use your Credit card / Debit card, Bank account (transfer), SEPA (in Europe), Apple pay, Google pay.

Does Zengo wallet support TRC20? ›

Important: if you deposit an Ethereum token (ERC-20), note that you will need Ethereum (ETH) to be able to withdraw this same token or send it to savings (if supported) or trade. We do not support layer 2 networks like KCC, Gnosis, BSC (Binance smart chain), TRC20, and others.

Can I send USDT to any wallet? ›

Yes, you can transfer Tether (USDT) from one wallet to another. Ensure both wallets support the specific USDT blockchain network you are using (ERC-20, TRC-20, etc.).

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