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The Tangem Wallet is a leading cryptocurrency hardware wallet, supporting over 6000 digital assets. Based in Switzerland, it provides users with a high level of security, backed by a 25-year warranty and compliance with the EAL6+ security standard. This standard ensures robust security measures, achieved through sophisticated engineering techniques and a rigorous development process.
What does Tangem Wallet prioritize? simplicity, security, and portability, offering users autonomy in managing their digital assets. While it offers numerous benefits, it also has certain drawbacks.
In this review, we’ll guide you through Tangem Wallet as we lay out its features, pros and cons, security aspects, and more.
Tangem Wallet Overview
Overall, the Tangem Wallet stands out as a secure and user-friendly option for cryptocurrency storage. But like any product in the crypto market, it also has its fair share of drawbacks. Let’s first start with features, security, and how to send and receive crypto.
Main Features of Tangem Wallet
You can immediately notice Tangem Wallet’s unconventional design; it has a sleek, card-shaped design that ensures portability and convenience, adding to the user experience.
Don’t let the compact size fool you —the wallet offers support for over 6000 cryptocurrencies, enabling users to easily store, buy, earn, transfer, and swap a diverse range of digital assets.
The image below shows what it looks like after unboxing:
Setting up the wallet is quite straightforward, with a simple and intuitive process that takes three minutes to complete. Leveraging NFC technology for communication eliminates the hassle of wires or batteries, ensuring seamless usability on the go.
How to Send and Receive Crypto Using Tangem Wallet
Sending and receiving crypto assets with Tangem is a straightforward process:
- Copy and paste the recipient’s address or utilize the built-in QR code scanner within the Tangem app.
- Select a network transaction fee or retain the default setting.
- Confirm the transaction and tap the Tangem card link to the phone for verification.
- And it’s done — as simple as that.
To receive crypto, follow these steps:
- Choose the correct coin/token and the appropriate network for that asset. Next, share the address with the sender.
The Tangem Wallet app complements its hardware counterpart, providing users a seamless interface to view and manage their cryptocurrency assets. With support for popular coins like Bitcoin and Ethereum, the app simplifies the process of storing, sending, and receiving crypto assets, enhancing the overall user experience.
Tangem Wallet: Security
Security is paramount in the world of cryptocurrency, and Tangem Wallet leaves no stone unturned in this regard. Boasting an EAL6+ security standard for its chip, it provides unparalleled protection against invasive and non-invasive attacks, safeguarding users’ assets with utmost reliability.
Moreover, Tangem Wallet operates independently of centralized servers or services, ensuring users retain full control over their crypto activities. The private keys are generated and stored securely within the card itself, offering an extra layer of protection against unauthorized access.
Pros & Cons of Tangem Wallet
Tangem Wallet garners praise for its high level of security, user-friendly interface, and the convenience of NFC technology, which eliminates the need for charging. Its durability against environmental factors further enhances its appeal, making it a preferred choice for crypto enthusiasts worldwide.
Here are the pros of Tangem Wallet:
- Stringent Security: Tangem Wallet boasts an EAL6+ certified chip and secure element, achieving a security level (akin to biometric passports).
- User-Centric Design: The intuitive interface of the Tangem app further elevates the user experience, ensuring seamless navigation and interaction.
- Battery-Free Operation: thanks to NFC technology, Tangem Wallet eliminates the need for batteries or charging, ensuring uninterrupted functionality and convenience for users. This feature guarantees that the wallet is always ready for immediate use, enhancing its practicality.
- Emphasis on Privacy: Tangem adheres to a strict privacy policy, refraining from collecting sensitive user data such as IP addresses, wallet balances, or transaction details.
However, the wallet does have its limitations. Some users have noted its lack of advanced features in other hardware wallets, such as passphrases and multi-sig capabilities. Additionally, its reliance on NFC-enabled devices may pose accessibility challenges for some users.
But it’s worth noting that the Tangem Wallet app is entirely open-source, allowing the community to verify its programming code on GitHub and enabling users to review it for potential vulnerabilities. Moreover, Tangem is the first hardware wallet to undergo two audits by reputable firms, Riscure and Kudelski Security. Both audits confirmed the absence of risks, malicious features, and backdoors in the Tangem app and firmware.
Closing Thoughts
Tangem Wallet offers a compelling combination of simplicity, security, and portability, making it an attractive option for both novice and experienced cryptocurrency users.
While it may have certain limitations, its innovative design and robust security measures set it apart in the competitive landscape of hardware wallets.
In conclusion, whether you’re looking to store, buy, or trade cryptocurrencies, Tangem Wallet presents a reliable and user-friendly solution to safeguard your digital assets. You can buy Tangem Wallet with a discount here.