What is a Tether Wallet and Why Use It?
First, let's find out what a Tether wallet is.
A crypto wallet is a unique identifier used to access, store, and manage your crypto. There are several kinds of crypto wallets, but the underlying principle stays the same.
Every Tether wallet has a unique public address used to receive your crypto, and a private key used to access it. The public address can be freely shared, but the private key must be kept safe. Protecting your private key helps prevent unauthorised access to your wallet; it does not protect against changes in Tether's value or other risks associated with holding cryptoassets.
The Paybis wallet is a free online Tether wallet you can open and access directly from your Paybis profile. It's a fully featured USDT wallet. Paybis does not charge a maintenance or withdrawal fee for the wallet; blockchain network fees are payable, may vary, and are shown before you confirm the transaction. See our breakdown of fees for details.
Before making a decision, we recommend familiarizing yourself with our article outlining key risks associated with custodial wallets and how Paybis addresses those risks.
Figures and examples referenced on this page are for illustrative purposes only and may not reflect current live data.
Identity Verification Required
KYC checks are usually completed within minutes. UK customers must complete additional mandatory steps, including a 24-hour cooling-off period, before making their first transaction. The process is not immediate, and access depends on successful completion of each required step.
How to Create a Tether Wallet in the UK
The Paybis Wallet is built with the following features for managing Tether:
- Access directly from your Paybis profile, no separate app or device needed
- Support for multiple cryptocurrencies in one wallet
- Deposits you can verify on-chain using a blockchain explorer
If these features matter to you, this wallet might be a good fit for managing Tether. Here's how to set one up:
- Log in to your Paybis profile, or open one if you don't already have it.
- Click the "Wallets" tab at the top of the page, or hit "Open wallet."
- Choose "Add wallet" to get your free Tether wallet.
UK customers must complete additional mandatory steps, including a 24-hour cooling-off period, before making their first transaction. See "Identity Verification Required" above.
You can add wallets for other cryptocurrencies the same way, and they'll all be accessible from your profile.
Using Your USDT Wallet
Your Paybis wallet works like any other USDT wallet. Paybis does not charge an additional commission beyond the standard blockchain transaction fees, which are shown before you confirm the transaction. See our breakdown of fees for details. You can view, send, and receive your crypto whenever you're logged in to your account.
You don't need to buy cryptocurrency from us to use our USDT wallet. Click "Deposit" to view your public address, then use it to add USDT from another wallet, or from another exchange.
When you buy cryptocurrency through Paybis, the wallet is connected to the exchange platform, so purchased crypto lands directly in your wallet. Any purchase remains subject to eligibility, verification, payment approval, service availability and transaction limits. Paybis continues to develop and update the wallet, including how it handles USDT transactions.
FAQ
What is a Tether (USDT) wallet address?
Your USDT wallet address is the public part of your wallet, used to receive Tether. You can share it freely with others, unlike your private key, which should be kept secret.
Is Tether the same as USD?
Tether (USDT) is a cryptocurrency designed to track the value of the US dollar. Its value can still fluctuate, and holding USDT carries the risks associated with holding any cryptoasset.
Can I hold other cryptocurrencies alongside Tether in my Paybis wallet?
Yes. The Paybis Wallet lets you hold multiple cryptocurrencies, including USDT, within the same account.
How do I send USDT to another wallet?
Use the recipient's public wallet address to send USDT. Sending is subject to standard blockchain confirmation, and the applicable network fee is shown before you confirm the transfer.
