How to create USDT TRC-20 wallet?

USDT TRC-20 (Tether) is a stablecoin pegged to the US dollar that runs on the Tron blockchain. Tether is supported on various networks such as Ethereum, BSC, TON and others. However, the Tron network stands out due to its high transaction speeds and low fees.

In this article, I will explain in detail how to create a Tether cryptocurrency wallet and also provide a guide on how to use its main features.

What is a USDT TRC-20 wallet?

A USDT TRC-20 cryptocurrency wallet is a tool for storing and managing Tether stablecoin on the Tron blockchain. Basically, it is a unique address on the Tron network for USDT transactions. Such an address can be created in any cryptocurrency wallet that supports this blockchain.

Tron is supported by many wallet providers: from hardware devices such as Ledger and Trezor to popular mobile apps such as Trust Wallet, Atomic Wallet and others.

What is a TRC-20 address and how to find it?

A TRC-20 address is the address of a cryptocurrency on the Tron blockchain. Tether on the TRC-20 protocol is characterized by starting the address string with the letter “T”, for example: TZ7LXAKUHap9kvyQBBbojUx5CYBhckxbbb. You can find the USDT TRC-20 address in the crypto wallet menu in the Receive section.

How to create a USDT TRC-20 wallet step-by-step?

The process of creating a USDT cryptocurrency wallet is the same as for other coins. Below you can see a guide on how to choose a wallet for Tether and the step-by-step process of installing it on your smartphone.

Step 1: Choose a trustworthy wallet

At the initial stage of choosing a crypto wallet for USDT TRC-20, you should think about its purpose. If the priority is long-term storage of large sums, then the best option will be a hardware device, such as Trezor or Ledger. For a small amount of coins or quick transactions on the exchange, you should choose a hot wallet (Trust Wallet, Exodus). You should also pay attention to the following parameters:

• Support for the TRC-20 protocol. For storing USDT TRC-20 stablecoin, it is important that the wallet supports the Tron network;
• Additional features. Many cryptocurrency wallets offer options such as staking or swap-exchange. These functions allow you to receive passive earnings or conduct a quick exchange for other coins without leaving the application;
• Multilingualism. Support for multiple languages in the interface simplifies working with digital storage.

As an example, let’s take the mobile version of the cryptocurrency wallet Trust Wallet (for Android), which can be downloaded on Google Play. I chose this specific wallet because of its popularity and security measures. In addition, it is easy to use and there are many languages available.

Pay attention to the address of the site from which you will download the e-wallet. There are a lot of phishing resources on the Internet, which are similar to the official sites.

Step 2: Install and set up your TRC-20 wallet

Installing your wallet includes the following steps:

1. Go to Google Play and type «Trust Wallet» in the search box. After navigating to the crypto wallet page, install the app on your smartphone by tapping Install;
   

   

2. Open the wallet and select Create new wallet;
   

   

3. The system will offer to create a seed-phrase for access restoration. It is better to back it up immediately: write down the recovery phrase on paper and keep it in a safe place. To create the seed-phrase now, click Back up manually. If you want to skip this step, click Skip in the top right corner of the screen;
   

   

4. The next step is to take a test to see if you have recorded the seed-phrase correctly. Click Continue to proceed to the test;
   

   

5. After successfully passing the test, the wallet will be created and ready to work.

Step 3: Add USDT TRC-20 tokens to your wallet

The newly created cryptocurrency wallet does not yet have an activated address. To receive and send crypto, you should generate it. The process is as follows:

1. In the main menu of Trust Wallet, select the Receive section and enter «USDT TRON» in the search field. Note: you need to select TRON-based Tether from the list;
   

   

2. Click on USDT Tron. The system will generate an address with a QR code;
   

   

3. To add funds to your account, you must send the address or provide the QR code to the sender of the coins. To copy the address, click Copy;
   

   

If you send coins to yourself, for example, from a cryptocurrency exchange or other cryptocurrency store, you need to specify this address on the platform from which you make the transfer. Let’s look at the CoinEx exchange for example:

1. Log in to your personal account and select the option (Withdraw) to withdraw coins;
   

   

2. A withdrawal application will be opened, where you need to select USDT (Tether) from the list, specify the network TRON (TRC-20), enter the address (insert – Paste) and the amount of coins. Then check everything and confirm the operation by clicking Withdraw.
   

   

Step 4: Secure your cryptocurrency wallet

The safety of cryptocurrency storage is the responsibility of the user, so it is important to pay maximum attention at this step. After activating the cryptocurrency wallet, it is necessary to make a backup copy of the recovery phrase, which is a list of 12-24 random words. This secret key will allow you to restore the crypto account on any other device in case the device is stolen or broken and in case of other issues.

To restore the account on a new device, select the Import (key) section during the wallet creation process and enter the previously saved recovery phrase.

Do not share the seed-phrase for cryptocurrency wallet recovery with anyone. It is confidential information and the main guarantee of safety of your funds.

Crypto wallets that support USDT TRC-20 tokens

Nowadays there are many cryptocurrency wallets available that support working with USDT on the TRON blockchain. Most of them can be downloaded from the official website or from digital marketplaces such as Google Play and Apple Store. I have compiled a list of cryptocurrency wallets that I recommend you consider for storing USDT TRC-20:

• Trezor (hardware);
• Ledger (hardware);
• Tether Wallet (official);
• Trustee;
• Trust Wallet;
• Atomic Wallet;
• Coinomi;
• TronLink Wallet;
• Exodus.

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In addition to the options above, you can also consider exchange wallets. They are available on all centralized exchanges (CEX) where the USDT TRC-20 coin is traded. A cryptocurrency exchange wallet is a good option for quick transactions within the platform, but it has a security vulnerability: the private keys are stored with the administration of the platform (custodial type). In case of a suspicious transaction, the user’s account can be frozen. To unblock it, you need to contact customer support and follow the instructions. In most cases, it is enough to pass the account re-verification (KYC), providing the necessary documents. In rare cases you need to provide the sources of origin of funds.

How to make transactions with your USDT TRC-20 wallet?

For an example of sending a transaction, let’s take the Trust Wallet cryptocurrency wallet that I installed earlier.

When receiving a transaction to your account, always pay attention to the minimum deposit amount. If the amount sent is less than the minimum amount (taking into account the network commission), the coins will not be added to the balance.

1. Open the Trust Wallet main menu and select Send;
   

   

2. Find the USDT running on the TRON blockchain in the list;
   

   

3. On the newly opened page enter the recipient’s address (Address or Domain Name) in the first field and the amount to send in the second field (Amount) and click Next. Pay attention to the amount of network fee, which is specified just before sending;
   

   

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4. Check the data and click Confirm. At the final stage, confirm the operation by entering the PIN code of the wallet.

You can track any Tether transaction on the Tron network using blockchain observer services such as tronscan.org and trx.tokenview.io.

Conclusion

Now you know how to choose and create a USDT TRC-20 wallet. I recommend testing several cryptocurrency wallets to highlight the best option for you. It is preferable to store most of your coins on cold (hardware) wallets (Trezor, Ledger) and small amounts on hot wallets (Trust Wallet, Atomic Wallet). Regardless of the chosen wallet, it is important to keep passwords secret and don’t forget to back up your seed-phrase.

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Agatha Redich

Articles author, editor

Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.

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Emil Rabin

Site expert

Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.

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