How To BUY & SELL Crypto With Tangem Wallet
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- Опубликовано: 3 июл 2024
- This quick and easy guide shows you how to buy and sell crypto using your Tangem Wallet. This includes transferring crypto from Tangem to your bank account.
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🫙TIP JAR:
Solana: BKqmz74a6eouLaY1FoYxrSaQBKBJWb9WUXDz5JWgVC1L
Ethereum: 0x5C8B39e227b1C32e962F9B330776bb6Ab3008b53
Polygon: 0x5C8B39e227b1C32e962F9B330776bb6Ab3008b53
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KEY POINTS:
0:00 - What to expect
0:23 - Buy crypto on Tangem
4:12 - Sell crypto on Tangem
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Disclaimer: The information provided is for informational purposes only and should not be considered financial, legal, or tax advice. Viewers are encouraged to consult with qualified professionals for personalized advice. While efforts are made to ensure accuracy, we are not liable for any damages or losses incurred. Content reflects opinions and does not constitute professional advice. The channel may earn commissions through affiliate links, but this does not impact content integrity. 
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This is one of the easiest ways to buy & sell crypto.
Use my code “CYBERSCRILLA” to get 10% off your Tangem order.
- Alex 🫶
Are the new colour cards are an update version? I just ordered the vivid cards anyway, have the other 3 card set from last year.
They are the current 2.0 version which support all the new features and updates (seed phrase, staking, etc)
I noticed that the payment methods include Apple Pay, Google Pay, and bank card payment. If I want to make a large purchase, does it have a wire transfer function?
I didn’t notice an ACH option to buy, only to sell. That said, I have a $10,000 buy limit using a card, and I could increase it from there if I wanted to.
@@cyberscrilla It is more like a hardware wallet that only supports small purchases.
If I use Kraken. After I unlock the highest permissions, I can wire more than 1M. If there is a large amount of funds required, it is not a good method
I was seriously wondering if anyone would ever make a video about this since there are legit NO videos on RUclips with anyone discussing Buying and Selling on Tangem. Thanks for this!
I’m glad you found it helpful! I have more Tangem tutorials coming. I have an entire playlist dedicated to Tangem is you haven’t seen it:
ruclips.net/p/PLcf_x896LiWOpSgmaY3IRrg8IxVPpXzbo&si=or-6Uycr0g6YU1xy
Thanks for sharing your knowledge
Thanks for watching!
This was a game changer for me ,
Review the new trezor safe 5! It just came out.
I plan to! :)
But thank you for sharing
wich will be the cheapest way to buy crypto?? thanks for the answer.
Depends. The method I showed in this video isn’t terrible for smaller amounts. Otherwise, you might be better off buying on an exchange and transferring to Tangem.
Could you explain more about why we have to go through the KYC process when using Tangem to buy and sell crypto? It'd be great to understand more about why this step is necessary in another video! Could you make a video on what to do with our Crypto gains if we want to keep them on the blockchain? Maybe put them in RWA projects?
KYC is required by all centralized crypto exchanges. It’s really that simple.
I’ll see what I can do about making a “taking profit video”.
I thought the exchange was 1inch. Nice video.
1Inch is a decentralized exchange. The swap function utilizes 1Inch and other exchanges.
The buy function utilizes mercuryo and the sell feature utlilizes moonpay-both centralized exchanges
To make sure goverment can tax the shit out of you…😅😅😅😅. Thats the kyc for…
Does tangem still considered to be a cold wallet given how much online seems to be. I'm new to this all. But, this seems to be similar to a hot wallet. Thx
A hot wallet stores your private keys on the software on your internet connected device.
Tangem stores your private key offline on the card in a secure element chip, thus it is a cold wallet.
All cold wallets have to interact with the internet because they have to communicate with the blockchain.
The important thing is that the private key is stored offline.
If I want to transfer my crypto to my Tangem wallet. Do I need the same crypto on Tangem first, as in buying some?
No. You just copy the public address from Tangem for whatever token you’re sending to it, then send it to Tangem from your exchange.
For me, the BUY button in the Tangem App is grey (unable to click). Maybe because of my location? Wouldn‘t make sense,….would it?
It just depends what you’re trying to buy. As I stated in the video, not all coins are able to be purchased through Tangem’s third party exchanges.
Do you get a tax form at the end of the year from your gains on selling your crypto?
No. That’s up to you to generate and report (or your tax advisor). There are software programs you’ll have to use such has Zenledger, Cointracker, that scrape the blockchain using your wallet addresses
@@cyberscrilla Thank you very much for your response
I would like to see in slow motion step by step on how to sell crypto from the Tangem wallet for people like me who are not tech savvy- Literally a close up view on each individual step from beginning to the end
You can slow down the video as you please and re watch as many times as you need. It’s very straightforward. Even if you’re not tech savvy
how much is the transfer fee from a phantom wallet to Tangem
About .03 cents. All you’re paying is the Solana network fee. Very cheap
Hi ive just activated my wallet im wanting to buy some brett bu im in the uk any suggestions for a non kyc thanks
Use a decentralized exchange
Is the kyc still required if i just swap out the cryptos to usdc and send usdc to coinbase and cash out there
KYC is required anytime you use a centralized exchange. If you setup a Coinbase account, then you went through KYC.
But to simply swap crypto, and then send it from your Tangem wallet does not require KYC as you are not directly interacting with a centralized exchange.
The swap is done using decentralized exchanges, and the transfer occurs on the blockchain itself.
@@cyberscrilla thanks for quick reply 🙏🫡
You’re welcome! I’m working on a video about transferring to and from Tangem as well. It might help you out if you’re still unsure.
- Alex
I noticed that some coins can’t be purchased or sold.
Tangem Wallet Question: Why can’t you swap some coins on the same blockchain and cross-chain swap, but some you can?
Couple things.
The buy, sell, bridge, and swap features in Tangem Wallet are managed by third-party centralized and decentralized exchanges.
If a coin isn’t supported, it means the exchange providing the service doesn’t support it, even though you can hold it in your Tangem wallet.
Generally, you should be able to trade most tokens on the same network. For example, most Ethereum ERC-20 tokens should be supported. However, you need to have the chain’s native currency (ETH) in your wallet before the swap button becomes clickable.
Only thing I don't like is that when I deposit myro onto it it says I need to have some solana on there to cover network fees and if I don't my myro will be wiped from the network... So it's costing me money to hold certain cryptos on there?...
This is required by the Solana network. It’s not a Tangem thing.
Solana has a unique feature called account rent, which means that some accounts need a minimum balance to exist on the network.
This rent ensures that inactive or unused accounts don’t take up space on the blockchain indefinitely
It’s simply a minimum balance you must keep rather than an ongoing fee that deducts money from your account.
Once you close your wallet, the money goes back to you.
@@cyberscrilla it's the same with Eth aswell? It said the same with my ondo
How would i take my crypto off and then put it back? My trade fees are low, and i don't want 3.5% vs. $1/trade.
I’ll make a separate video for that. However, I show how to transfer to and from Tangem in this tutorial:
ruclips.net/video/LdlmHR120e8/видео.htmlsi=uQxGUvXIdUR7SRkx
My sell button is greyed out. DO I need to swap or send to coinbase. How do you do KYC? I think I did that cause I can buy but I still cannot sell
What are you trying to sell and on what blockchain network?
@@cyberscrilla Xrp. Does it not support the sell of it
In the uk why don’t we have the sell option in the app ?
Not sure. Not all cryptos will have the buy/sell button available. Only the ones that the third party exchanges support will be available to buy/sell
@@cyberscrilla thank you for the reply
Why is nobody talking about the obvious? The fact that you can only generate one wallet address and that is the address you use for every transaction. The privacy behind that is not existent.
Everything is public on the blockchain…
@@cyberscrilla so if I want to send multiple addresses to various different people that owe me money for my services. I’ve gotta give them all the same Bitcoin address? Makes no sense.
Does tangem now have its on credit card.?if so, can we just transfer it to the card ?
No. Tangem pay (their Visa card) is launching end of this year in select countries, and later in the US though.
Not sure how it will work yet though.
@@cyberscrilla thanks for the info. Much appreciated! Can't wait to see what they come up with.
Is there a limit on how much you can transfer to your debit card ?
The maximum amount that can be sold on MoonPay (Tangem’s off ramp partner) depends on the cryptocurrency and the currency used to purchase it.
And if you did reach the limit, your transaction simply wouldn’t go through.
Was waiting for this one, thanks.
Also one question the fee for buying and selling here is it same when we do all the total of buying and selling in exchanges and then transfer em to tangem?
Like we have to give em first buying fee than again transferring fee then again transferring fee to tranfer to exchange and then again selling fee.
I think it is almost the same amount if you calculate all the transfers from exchanges to tangem.
What you think?
There are several fees. The “buy” and “sell” fees are charged by the exchange. Then you have the transfer fee charged by the blockchain.
@@cyberscrilla yeah but m asking that isn’t the best way to buy directly from tangem and pay one time fee instead of buying and transferring from exchanges where those fees are almost same as buying directly on tangem?
Depends on the exchange. Some exchanges charge 0.5% buy fee which is better than 3.5%.
But to your point, then you’re also paying the transfer fee. Which can be very expensive if you’re using a blockchain like Bitcoin or Ethereum
@@cyberscrilla and is the 3.5% and 2.5% fee same for all the transactions regardless of amount?
@MuscularMan008 Yes
My buy and sell buttons are greyed out for my coins. What should I do?
What coins? Not all coins can be bought and sold directly in the Tangem app.
If that’s the case, use a crypto exchange (Kraken, Binance, etc) to buy crypto and transfer it to your Tangem wallet.
@@cyberscrilla I have Kaspa. How do I sell it when it's time?
Kaspa should be . And my kaspa is greyed too...i bought tangem specially for kaspa. Everyone says u can buy frim tangem...
@@ATB3FLOR Kaspa for me too
Since selling Kaspa in the Tangem app isn’t supported yet, you’ll need to transfer it back to your crypto exchange of choice and sell it there
OR you can swap it for a different coin directly in Tangem, and sell that coin.
Swap if for USDT for example which you can sell using Tangem
In India If i buy and sell in tangem app so tax should be applied?
I don’t understand your question
@@cyberscrilla(New law came in India: 30% tax will be on profits) So , my question is tax will be applicable if i sell crypto through tangem app.
I’m not a tax expert. But according to what you said, assuming you sold your crypto for a profit, it would be taxed.
Doesn’t matter how you sell it. Profit is profit.
Not in Dubai and some other countries. Merika is like to tax the shit out of citizens…😅😅😅
@@Hmmm313 Nice. There are pros and cons to all regions of the world lol
I will never give out SS number. Fuck banks….. when you gonna show non kyc stuff????
There’s really no way to buy crypto (fiat to crypto) without going through KYC (in the US).