Easiest Crypto Hardware Wallet?!?!
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- Опубликовано: 8 сен 2024
- The Tangem wallet is a very easy to use cryptocurrency hardware cold storage wallet. There is no screen, no battery, no seed phrases to backup, no charging cable. You get a pack of 2 or 3 cards, install a program on your smartphone, setup your wallet within a few minutes and you're done.
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⚠️ Disclaimer: The information provided in this video is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct thorough research and consult with a professional before making any investment decisions related to cryptocurrencies. Safeguard your wallet and follow best practices to protect your digital assets.
Great content & good luck with your channel! I've got one of these wallets & love it!
The thing about Tangem is you dont have a seed at all meaning, if you lose or damage all three provided cards, you lose all of your crypto.
Yep. That is stated in the video.
Great video. Make review on D’cent All in One Wallet
Tangem IS NOT air-gapped.
Air-gapped = isolating the device and preventing it from establishing an external connection
NFC = external connection
True. Was thinking more of no direct internet connection, but yea you're right.
Pardon my possibly "Dumb Question" (I am totally new to all of this buying and trading with Crypto !) but HOW do I add in or take out, or Transfer what is stored in the "Wallet"..? Can others send dollars or BitCoin to me thru the Tangem account..?
I just received mine the other day but I haven't set it up yet so I haven't looked closely at the companion application.
Anyway, hardware wallets like these have companion applications, usually for mobile, and you manage things from the companion app. The hardware wallet is for signing transactions; specifically outbound transactions/transfers. When a specific crypto is added to your wallet you will have one or more receive addresses for that specific crypto in that specific wallet that you can find in your companion application. My Safepal S1 is the same way.
What can get a little tricky is whether the wallet really supports the crypto properly or not, as well as what pairings it supports or you need to transfer crypto to it - such as SHIB/ETH pairing for example. Some cryptos exist on multiple chains and have more than one pairing option.
It is best to get the receive address and then double/triple check the receive address and then try transferring a small amount to your self custody wallet. So for example you could go on a CEX like Coinbase, buy $100.00 worth of bitcoin (BTC), and then transfer ~$20.00 worth of BTC to your wallet. Give it some time to actually process and show up. It might be an hour or so. It depends on the crypto and the crypto network congestion at the time. You definitely don't want to buy $50,000.00 of bitcoin and then try transferring $50,000.00 worth of bitcoin to your wallet for your first time ever only to find out there was a problem.
When you send crypto out of your wallet, say for instance from your wallet back to an exchange to sell the crypto, you'd get the receive address out of your exchange address. Double/triple check the address. Check any other help articles there might be, read the information that pops up when you initiate a receive in the exchange account, etc. Again, send a small amount just to be extra sure. Once you receive the crypto you can send more. It is when you're sending out of your self custody cold storage hardware wallet that you will need your wallet to sign the transaction to authorize it. You usually need your wallet to enable or add a crypto to your wallet as well in order to authorize it. By add to your wallet, I'm talking about adding or enabling it in your wallet not receiving it. You don't need your hardware wallet to sign a transaction to receive crypto to your self custody wallet (such as the Tangem).
"Signing" with the Tangem is simple in that it works via near field communication (NFC) and you just bring your Tangem card up close to your phone, the phone reads the Tangem, and that's it you're done the transaction has been signed aka authorized. Other hardware wallets like my Safepal S1 will use a QR code that has to be scanned with a camera.
The same principles apply even if it is a software hot wallet like Trust wallet, Coinbase wallet (not to be confused with the Coinbase exchange account itself), Atomic wallet, Exodus wallet, Metamask, Brave browser wallet, etc.
And yes people can send you crypto if they have your correct public address for the specific wallet and crypto. You can also randomly get crypto added to your wallet. Always be very careful with any random inbound transactions. Google the crypto, check for any known scams, etc. The reason I say that is, due to my understanding, it is possible for malicious code to be included in a crypto smart contract that can steal crypto. So you want to be really careful interacting with any unknown transactions that you might one day discover in your wallet. There are also legitimate "airdrops" where you can receive crypto for "free", so.. can be a bit of a pain in that way, for sure.
This is also likely why the bitcoin and ethereum ETFs are going to bring in a lot more investors. Investors won't have to really deal with any of that. They will be able to just "buy" bitcoin and ethereum in an ETF. That and other advantages an ETF can provide.
And no you don't use a crypto wallet for fiat currency. You can receive stable coins like USDC or USDT which are pegged to the dollar and are worth almost exactly 1:1; $1.00:1USDC, but stable coins are still crypto not fiat.
How do gas n exchange fees differ on the tangem app from other hot wallet exchanges?
Couldn't tell you. The tangem is a cold wallet not a hot wallet. I haven't closely compared transaction costs between different wallets.
Envían a Argentina? Y cuál es el $...
Not sure. I'm not the vendor or manufacturer. I'd think so. I'm not in the same country it was shipped from.
Unfortunately they don’t support xrp
Yeah, nothing is perfect. I have my XRP in the cold wallet being handled by my Safepal S1 at the moment. In fact, I just created a video about what cryptos I currently have in my wallet(s) last night and I show XRP in my Safepal S1 companion application; just haven't made a thumbnail and made it public yet. My 3 set should be here this coming Monday.