What is Tangem Wallet? Tangem is a very unique hardware wallet: at first glance, it can easily be confused with a typical credit card. However, don’t let its sleek design fool you: Tangem is an incredibly powerful and secure cryptocurrency wallet, complete with a multitude of features.
In this article, the Tangem wallet will be examined, as well as its pros and cons, to determine if it is worth purchasing.
What is Tangem Wallet? An Overview
Tangem Wallet is a cryptocurrency wallet that resembles a credit card. Although design is one of its most striking features, this wallet is incredibly easy to use, making it perfect for beginners. For more advanced users, it provides an affordable and powerful way to take full control of your cryptocurrency assets.
How does Tangem Wallet work?
Tangem Wallet cards can be seen as identical house keys. They are different physical entities that open the same lock – or, in this case, the same wallet. When you tap your card on your phone’s screen, your chip generates a random private key that will protect your cryptocurrency assets. This key is then transferred to your other cards over a secure connection. Your keys are only stored on the cards you purchased and nowhere else, to lower the risk of your wallet being compromised and your funds being stolen.
Once you have your keys, you can interact with the wallet through a mobile app, which is free to download on iOS and Android. It can also be downloaded directly from the wallet’s official website. Within the app, you can store, buy, sell and exchange thousands of cryptocurrency assets. The development team has also promised to introduce the Earn feature in the future.
Main features
Some of the main features of the Tangem Wallet include:
- User Friendly Design. The Tangem stands out for being beginner-friendly, with a card-shaped design that makes it one of the easiest to use wallets on the market. It has a quick and easy setup process.
- Security Features. Tangem wallets are protected by a unique private key created by a chip inside the card and inaccessible to anyone, including Tangem. The wallet also has an EAL6+ security certification, similar to that used in biometric passports.
- Cryptocurrency Support. Tangem supports thousands of digital assets and is compatible with over 40 blockchains. The wallet also constantly adds new networks based on community demand.
- NFT support. This cryptocurrency wallet also supports non-fungible tokens through WalletConnect, providing access to NFT marketplaces with just a tap of your card.
- DeFi and dApp integration. Users can access DeFi platforms and dApps directly from the Tangem Wallet app using WalletConnect.
- No recovery phrase required. Unlike many other hardware wallets, Tangem does not require a recovery phrase. The two additional cards serve as a backup, storing duplicates of your private keys. However, you can still generate a seed phrase for your wallet if you prefer.
- In-app features. Users can exchange, buy and sell cryptocurrencies without having to leave the Tangem app.
- Multiple wallets on a single device. A cell phone can host more than one wallet.
- 24/7 support. You can contact Tangem support via the app, Telegram chat, Telegram chatbot or official website at any time of the day (or night).
- Accessibility and Offers. Tangem wallets are affordable and can be purchased directly from the official website. The company also frequently releases limited edition designs that you can keep an eye on on its social media platforms.
Tangem Wallet is a cryptocurrencies which offers a secure and easy-to-use storage solution for your cryptocurrency assets.
What is Tangem Wallet and is it Worth Buying?
Like all cold wallets, Tangem is not free: you need to purchase it before you can use it. Before discussing whether this wallet is worth it, let’s check out its pricing options.
At the time of writing this article, there are two main purchasing options: one with three cards and one with just two. The first is much safer, but a little more expensive:
There are two payment options: PayPal and card payment. Alternatively, you can also buy Tangem on Amazon. According to the Tangem website, delivery usually takes up to 20 business days. Please note that there are countries that Tangem does not ship to.
Now that we’ve seen the price, let’s see if Tangem is worth it. Before purchasing a Tangem wallet, ask yourself the following questions:
- Do you need a cold wallet and the extra security it brings?
- Does your cell phone have NFC – a necessary feature to connect your Tangem wallet to your device?
If you answered ‘yes’ to these questions, then Tangem could be a great buy for you. It has its disadvantages, mainly the need for NFC compatibility, but its advantages are enough to compensate for this. It offers a great selection of cryptocurrencies, is easy to use, keeps your funds safe, and is relatively cheap for a hardware crypto wallet, which usually costs over $100.
In terms of loss or theft, Tangem offers additional security as the cards are physically in your possession and cannot be stolen remotely. However, if you lose your cards you will lose access to your funds, so it is important to store them in a safe place.
If you’re looking for a secure and easy-to-use crypto wallet, Tangem could be worth the investment. Make sure your mobile device has NFC and store your cards securely.
Tangem Wallet: Final Considerations
Although cold wallets are a much safer option for storing cryptocurrencies than hot wallets, there are fewer models available on the market, as these physical wallets are more expensive to produce. Tangem is one of the most innovative wallets on the physical wallet market, offering a secure and easy-to-use cryptocurrency storage experience.
What makes Tangem so special is the user interaction with the wallet through the app, which makes it similar to standard software wallets. This makes it an excellent option for those who are just starting to explore the world of cryptocurrencies and want an easy-to-use, secure storage option.
Additionally, Tangem offers a comprehensive, easy-to-manage experience for more experienced users without compromising security. The wallet supports multiple cryptocurrencies including Bitcoin, Ethereum, Litecoin and Ripple, and can be used to store and manage multiple wallets.
However, it is important to remember that the cryptocurrency market It is highly volatile and can undergo arbitrary changes. Therefore, any investor, trader or regular user of cryptocurrencies should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
