This article takes a detailed look at the Tangem Wallet, a low-cost hardware wallet that does not skimp on the level of protection it offers, providing our findings in an in-depth analysis.
In the ever-evolving world of cryptocurrencies, ensuring the security of our digital assets is paramount. With the increasing number of cyber threats and hacking incidents, hardware wallets have become essential for safeguarding our investments. One such hardware wallet gaining attention is the Tangem Wallet.
In my previous article discussing NFC crypto wallets, I briefly mentioned Tangem as an emerging player in the market. Building on that discussion, I wanted to share my personal thoughts on Tangem as I recently acquired their crypto wallet. In this article, I will provide an in-depth review, highlighting my firsthand experience and insights into the Tangem Wallet’s features, usability, and overall value proposition.
Disclosure: Before diving into the review, it is important to clarify that this article is not sponsored by Tangem. As an independent cryptocurrency enthusiast, the author recently purchased the Tangem Wallet directly from the official Tangem website. The purpose of this article is to share personal insights and opinions on the product based on firsthand experience.
What I like about the Tangem Wallet
The Tangem Wallet impresses with its standout feature: affordability. Hardware wallets can be quite expensive, and Tangem offers a product that is significantly cheaper without compromising security. It utilizes advanced security features and cryptographic algorithms, to ensure the safety of your digital assets.
The wallet’s design is sleek and compact, fitting comfortably in the palm of your hand. Its user-friendly interface makes it easy to set up and navigate, even for beginners. The Tangem Wallet supports multiple cryptocurrencies, providing versatility and convenience for users with diverse portfolios.
Pros
- Affordability: The Tangem Wallet stands out in terms of affordability, providing a budget-friendly option for those seeking a hardware wallet without breaking the bank.
- Private Key Security: One of the key advantages of the Tangem Wallet is its unique security feature. The user does not have direct access to their private keys, as they are securely stored within the wallet’s chip. This adds an extra layer of protection against potential threats.
- NFC Authentication: The Tangem Wallet utilizes NFC (Near Field Communication) technology for authentication. To access your cryptocurrency, you must physically tap the card against an NFC-enabled device, ensuring that only you can authorize transactions.
- Multi-Card Backup Option: One notable advantage of the Tangem Wallet is the ability to choose a multi-card backup option. When ordering, users have the option to select 2 or 3 cards, with one card containing the primary private key and the remaining card(s) serving as a backup. This feature provides an additional layer of redundancy and security for your cryptocurrency holdings.
- Support for Multiple Cryptocurrencies: The Tangem Wallet has support for a broad variety of cryptocurrencies, making it versatile and convenient for customers who have multiple portfolios of digital assets.
Cons
- Risk of Card Loss: One potential drawback is the risk of losing the physical card. As it relies on a physical card for authentication, misplacing or losing the card could result in the inability to access your cryptocurrency funds.
- Incompatible with Older Phones: The Tangem Wallet’s NFC-based authentication requires an NFC-enabled device. This means that older phones or devices lacking NFC functionality may not be compatible with the wallet, limiting accessibility for some users.
- Shipping Time: Some users have reported longer shipping times for the Tangem Wallet. Depending on your location and shipping options, it may take a longer duration for the wallet to arrive. In certain cases, it can take up to a few weeks for delivery, which may be a consideration for users who require a more immediate solution.
Discount Codes
If you are interested in purchasing the Tangem Wallet, you can take advantage of one of the several discount codes that are currently available to save money on your order:
- AZEROPREORDER (15% off)
- CRYPTOWENDYO (10% off)
- KAPASILVER (10% off)
- LIVINGONCRYPTO (10% off)
- CRYPTODAD (10% off)
- KASPA (10% off)
When you use one of the codes, you can get reductions off the initial price ranging from ten to fifteen percent of the total price. These codes provide an additional incentive to purchase the Tangem Wallet at a price that is even more reasonable than it already was.
Collaboration with $SHIB
The Shiba Inu community is in for some very exciting news very soon! Tangem has recently made an announcement on their partnership with $SHIB, which will result in the production of a limited edition cold wallet design.
This cooperation exemplifies Tangem’s commitment to expanding the breadth of its product offerings and satisfying the requirements of a wide range of cryptocurrency communities by catering to the specific interests of those communities.
Pre-orders will be made available on May 29th.
Be sure to keep an eye on their official social media platforms for any updates regarding the matter.
Final Thoughts
Before choosing a hardware wallet, it is essential to undertake in-depth research and assess your individual requirements, as is customary in this situation. Those who are looking for a cost-effective and dependable method to secure their digital assets should give serious consideration to the Tangem Wallet because of its reasonable pricing and outstanding security features.