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Does Tether wallet require real name?

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2024-04-23 13:34:101046browse

The Tether official wallet does not require real-name authentication because it is a non-custodial wallet and the user has full control over the funds. It does not involve transactions with financial institutions or funds controlled by the Tether company.

Does Tether wallet require real name?

Does the Tether wallet require real-name authentication?

No

Detailed answer:

Currently, the Tether official wallet does not require real-name authentication. Users can create and use wallets without providing any personal information.

This differs from many other cryptocurrency wallets, which often require users to authenticate themselves to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. However, the Tether wallet is a non-custodial wallet, which means that the Tether coins are not held on the Tether company’s servers. Instead, they are stored on the user's device, under their full control.

Therefore, the Tether wallet does not require real-name authentication because it does not involve any transactions with financial institutions, and the Tether company does not control the user's funds.

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