Wallet of the Week: Tangem
Taking your first steps into web3 can be overwhelming, with a plethora of wallet choices at your fingertips. In our “Wallet of the Week” series, we put the spotlight on one wallet and share why we think they’re worth checking out.
Security and simplicity, all at once
Unlike traditional hardware wallets that rely on cumbersome seed phrases, the Tangem wallet has reimagined the concept of cold storage.
With an unprecedented blend of security and ease of use, providing users with simple, secure access to web3 is Tangem’s hallmark feature. Private keys are generated securely by Samsung Semiconductors using Tangem’s audited firmware, and subsequently cloned onto two additional cards. The wallet’s smart backup system prevents key duplication and ensures your keys can only ever exist within these three cards, helping to further create an impervious fortress against invasive and non-invasive attacks.
Lost one of your cards? With Tangem, that’s no issue — your assets remain safeguarded by the others, all bolstered by password protection.
What’s more, Tangem’s user-friendly approach sets it apart from the complexity of many existing solutions today. Its card-shaped hardware operates effortlessly with NFC technology, eliminating the need for wires or batteries. Setting up the wallet, including the backup process, takes a mere three minutes, enabling you to access your cryptocurrency holdings anytime, anywhere with a simple tap to your phone.
Reliability and privacy are also paramount to Tangem. Backed by a 25-year replacement warranty and certified hardware, Tangem is a trusted companion for crypto enthusiasts. It respects user privacy by conducting crypto operations without involving servers, ensuring that no personal data is collected.
For anyone looking for a stress-free option for storing their assets without compromising on security, the Tangem wallet is a no-brainer. A seamless blend of security and user-friendliness, this wallet is a great choice for both newcomers and experienced crypto users alike.
What’s next?
TL;DR, improved simplification, improved security, and improved experience.
The upcoming version of the Tangem wallet will offer users the choice between seed phrase and seedless setups, providing flexibility and convenience, while plans to introduce firmware validation features reinforce their commitment to security.
Tangem’s exciting shift towards a B2C-oriented approach should see entirely new products — like Tangem Wearable Devices — create waves in the hardware space and provide promising foundations for a new era of reimagined consumer wallets.
To find out more about Tangem, check out their Twitter and website. To discover other wallets in the WalletConnect ecosystem, head on over to our Explorer and start browsing today.
