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can trezor hold usdt
Trezor, a hardware cryptocurrency wallet, securely stores Tether (USDT) in both ERC-20 and TRC-20 versions on its Ethereum and TRON networks.
Oct 23, 2024 at 09:10 pm
Can Trezor Hold USDT?
1. What is Trezor?
Trezor is a hardware cryptocurrency wallet that provides secure storage for digital assets. It offers offline cold storage, making it immune to online hacks and cyber threats.
2. What is Tether (USDT)?
Tether (USDT) is a stablecoin pegged to the value of the US dollar. It aims to provide price stability and make cryptocurrencies more accessible to a wider audience.
3. Can Trezor Hold USDT?
Yes, Trezor can hold USDT. Trezor supports various cryptocurrencies, including Tether.
Supported USDT Versions on Trezor:
- ERC-20 USDT (Ethereum network)
- TRC-20 USDT (TRON network)
4. How to Store USDT on Trezor:
To store USDT on your Trezor wallet:
- Set up your Trezor wallet and ensure it has the latest firmware.
- Connect your Trezor to your computer and unlock it.
- Install the Trezor Suite software on your computer.
- Open the Trezor Suite and select "Add account."
- Choose "Bitcoin" and then "Add account again."
- Select "Ethereum" or "TRON" to create an account for ERC-20 or TRC-20 USDT, respectively.
- Send USDT to the generated receiving address.
5. Additional Notes:
- Make sure you select the correct account type (Ethereum or TRON) that matches the USDT version you want to store.
- Use a small amount of USDT initially and verify that the transaction is successful before transferring larger amounts.
- Trezor does not natively support BEP-20 USDT (Binance Smart Chain network).
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