In the rapidly evolving world of cryptocurrency, secure and convenient storage solutions are essential. Tangem has emerged as a notable player with its innovative hardware wallets, offering both security and ease of use. This article explores the Tangem Wallet, its unique ring-shaped design, and its groundbreaking payment integration with VISA.
What Is the Tangem Wallet?
Tangem provides card-based hardware wallets that are as easy to manage as a standard credit card. These wallets allow users to securely store and manage their cryptocurrency assets with minimal setup time and maximum security.
Quick Setup Without a Computer
Setting up a Tangem Wallet takes just three minutes and requires no computer. You can complete the entire process using a smartphone, making it ideal for on-the-go users. This approach minimizes exposure to hacking attempts since the wallet never needs to connect to a PC for updates or transactions.
Smartphone Integration and Staking Features
The Tangem app, available on both App Store and Google Play, allows seamless management of your assets. By simply tapping the Tangem card to your smartphone, you can link and access your wallet. The app supports buying, selling, and even staking popular cryptocurrencies like Solana (SOL) and TRON (TRX).
Unmatched Security Performance
Tangem collaborates with Samsung Semiconductor to incorporate secure elements that protect against malicious attacks. Private keys are generated randomly within the card’s chip, ensuring they remain confidential. The wallet boasts an EAL6+CC security certification—the highest level for high-risk environments—and has never been hacked since its launch in 2018, with over two million units delivered.
No Seed Phrase Management
Unlike traditional wallets, Tangem eliminates the need to manage seed phrases. Private keys are generated on the card, reducing user complexity. However, if the card is lost, recovery isn’t possible. It’s recommended to purchase a set of three cards as backups to mitigate this risk.
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Tangem Ring: The World’s First Ring-Shaped Hardware Wallet
Tangem has expanded its product line with a pioneering ring-shaped hardware wallet, combining style with functionality.
Affordable Package with Cards
Priced at $160, the Tangem Ring includes two backup cards. Compared to competitors like Ledger’s models, which often exceed $150, this offers excellent value. The ring design reduces the risk of loss, as it can be worn daily, while the included cards ensure accessibility.
Seamless Interaction and Durability
The ring and cards work together seamlessly. During activation, the ring’s chip generates private keys stored on both the ring and the cards. With an IP68 rating, the ring is dustproof, waterproof, and resistant to scratches and extreme temperatures (-25° to 50°C). It requires no cables, batteries, or charging, making it always accessible.
Its sleek black design complements any style, emphasizing both aesthetics and practicality.
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Enhancing Payments with Tangem Pay
Tangem Pay, developed in partnership with VISA, revolutionizes crypto payments by integrating self-custody with global payment networks.
Innovative Payment Solution
Built on a microchip compatible with VISA applets, Tangem Pay allows crypto assets to be used at payment terminals via NFC technology. The system is certified by VISA, ensuring reliability and user trust.
Global Usability Like Traditional Cards
Tangem Pay supports multiple currencies, including fiat, stablecoins, and cryptocurrencies, enabling cross-border transactions without pre-loading. It’s accepted at millions of VISA merchants across 200+ countries, making it versatile for everyday use.
Standout Features
As the first product to combine self-custody with VISA’s network, Tangem Pay leverages the proven reliability of over two million wallet cards. This integration bridges the gap between crypto and traditional finance, enhancing payment experiences for users worldwide.
Frequently Asked Questions
How does Tangem ensure security?
Tangem uses secure elements from Samsung Semiconductor and generates private keys on-device, achieving EAL6+ certification. Its track record includes zero hacks since 2018.
Can I stake cryptocurrencies with Tangem?
Yes, the Tangem app supports staking for assets like Solana (SOL) and TRON (TRX), allowing users to earn rewards directly from their wallets.
What happens if I lose my Tangem card or ring?
Without a seed phrase, recovery isn’t possible. It’s advised to buy multiple cards or the ring package with backups to avoid permanent loss.
Is Tangem Pay available to non-Tangem users?
Yes, Tangem Pay works with various wallets, not just Tangem products, and supports transactions in multiple currencies.
How durable is the Tangem Ring?
With an IP68 rating, it resists dust, water, scratches, and extreme temperatures, making it suitable for daily wear.
Where can I use Tangem Pay?
It’s accepted globally at any VISA merchant, enabling seamless crypto and fiat payments.
Conclusion
Tangem’s hardware wallets, especially the ring-shaped variant, offer a unique blend of security, convenience, and innovation. By integrating with VISA through Tangem Pay, it further enhances usability for everyday transactions. As cryptocurrency adoption grows, Tangem’s approach positions it at the forefront of secure, practical crypto management. With frequent promotions making products affordable, now is an excellent time to consider Tangem for your crypto needs.