TOP 3 Decentralized Wallets for Stablecoins in 2022

Stablecoins are an essential part of the cryptocurrency ecosystem. They allow investors to protect their portfolios from the high volatility of the market. Moreover, they provide a clean approach for entering and exiting trading positions. You can do this without having to convert your holdings into fiat currencies and suffer hefty exchange fees. 

However, when beginning your cryptocurrency journey, you will be faced with a crucial choice of picking the best wallet for your needs. Not all wallets are suited for stablecoins, and some of them don’t support them altogether. 

In this article, we explore the main features that a decentralized wallet for stablecoins should possess. Additionally, we will provide you with a list of the best wallets in this category. This way, you can make the right choice before you buy some stablecoins on the Godex exchange. 

Main Features of Decentralized Wallet

Cryptocurrency wallets come in two main categories: centralized (custodial) and decentralized (non-custodial). Centralized wallets are handled by a single company. It is usually represented by a cryptocurrency exchange. Most popular trading platforms like Binance offer such custodial wallets where you can deposit your cryptocurrencies to facilitate trading. 

However, the main caveat of these wallets is that you don’t have control over your crypto. The company keeps possession of your private keys. You will need to ask for permission from the platform prior to transferring your funds. 

This is why more serious investors opt to use a decentralized wallet to store the crypto keys. Non-custodial wallets provide you with a mnemonic phrase that allows you to recover their content. Moreover, they don’t require that you request access to your funds. With a decentralized wallet, you can spend your coins as you please and retain full ownership of your crypto at all times. 

Decentralized wallets come in four main categories: 

• Mobile apps that allow you to handle your crypto on the go. 
• Desktop wallets that turn your PC into your personal crypto vault. 
• Hardware wallets, which are USB devices that use military-grade security to encrypt your keys. 
• Browser extensions that allow you to connect your wallet to various decentralized crypto exchanges and NFT marketplaces. 

All in all, if you plan on keeping control of your stablecoins, you should always opt for one of the best Tether USDT wallets depicted in the next section. 

TOP 3 Decentralized Wallets

Today, most stablecoins run on the Ethereum blockchain. Popular tokens such as USDT and USDC use the ERC-20 protocol for their transactions and security. And while you could use any Ethereum-capable wallet for your stablecoins, the following three options propose the best features. 

MetaMask

MetaMask is by far the most popular Ethereum wallet out there. It comes as both a browser extension for most popular browsers and a mobile app for Android or iOS. More importantly, many decentralized exchanges and NFT markets have integrated support for MetaMask in their UI. Consequently, you can start trading your stablecoins with just a couple of clicks. Just connect your wallet to your preferred platform, and it will be recognized automatically.  

MetaMask also offers a decent interface for storing and exchanging NFTs. To sum up, it’s a versatile and easy-to-use stablecoin wallet that is accessible to beginners. 

Coinbase Wallet

Not to be confused with the centralized wallet of the Coinbase exchange, the Coinbase wallet is a fully non-custodial wallet app. It supports every ERC-20 token and gives you full access to your tokens at all times. 

One of the best features of the Coinbase wallet is its incredibly user-friendly interface. The wallet provides a good overview of all of your holdings. You can even connect it to your Coinbase account for quick crypto purchases. 

Argent 

Argent is an ERC-20 capable wallet that will fulfill all of your stablecoin needs. The wallet provides staking for popular stablecoins, allowing you to make passive income with your holdings. Additionally, it has integrated decentralized swaps, allowing you to quickly trade Ethereum-based tokens for one another. 

All of this is neatly put together in a sleek interface that will make your crypto journey that much easier. 

To Wrap Things Up

Your cryptocurrency wallet is your #1 tool when handling cryptocurrencies. Regardless of which type of wallet you choose, it will allow you to have permanent access to your funds. More importantly, a reliable wallet will keep your funds safe and prevent hackers from stealing your crypto. The three wallets we discussed in this article have a proven track record for high security and have proven to be virtually unhackable.