Tangem Wallet
*Additional colors and styles are available for the 3-card and family packs, for ring orders please leave a comment on your order with ring size*
A Tangem Wallet is a physical hardware wallet, specifically a set of cards, designed for secure cryptocurrency storage and management. It offers a cold storage approach, meaning your private keys are not stored online and are never exposed during transactions.
Key Features:
Private Key Generation:
Tangem's secure element chip generates your private keys on the card itself. This makes them non-extractable and prevents anyone from accessing them.
Security:
Tangem offers multiple layers of security, including a 25-year warranty for the cards.
App Integration:
The Tangem app allows you to manage your wallet, send/receive cryptocurrencies, and access various features.
Backup:
Having multiple cards allows for a backup system, ensuring you can recover your funds even if one card is lost or damaged.
Card-Based:
Tangem Wallets come as sets of cards (2 or 3). Each card acts as a backup for your private key.
No Batteries or Charging:
Unlike other hardware wallets, Tangem cards don't require batteries or charging. They use the NFC (Near Field Communication) technology of your phone to interact.
How it Works:
- Card Activation: When you activate a Tangem card, the secure element chip on the card generates your private key.
- App Interaction: To make transactions, you hold the card up to your phone's NFC reader.
- Tap-and-Go: The card's NFC antenna communicates with the Tangem app, allowing you to approve transactions.
- Backup: You can back up your private key to other cards in the set.
Tangem Wallet Advantages:
- High Security: Tangem's secure element chip and non-extractable keys provide a high level of security.
- Easy to Use: The tap-and-go method makes it easy to use and manage your cryptocurrencies.
- Cold Storage: Keeps your private keys offline, reducing the risk of online hacks.
- Backup Option: Multiple cards offer a backup system for your private keys.
Tangem Wallet Disadvantages:
Reliance on Physical Cards:
The system is entirely reliant on the physical cards, so losing or damaging all of them could result in losing access to your funds.
Lack of Built-in Display:
You need to trust the app for transaction details, as the wallet doesn't have a screen.
No Seed Phrase:
Tangem's default setup doesn't generate a seed phrase, which is a common backup method for other wallets.