I am using Ledger but really concern about the Recovery thing, so I also ordered Tangem as a second wallet. This is so easy to use. Beginners will love this.
I have ELLIPAL 2.0. Trying to restore from seed phrase but when I do it only thing that shows up is XRP. My XLM, XDC and ADA don’t show up. I’m pretty sure I never set up a pass phrase which is another layer of security but you don’t need to set up a pass phrase. I never wrote down a pass phrase at least and I’m pretty sure I would have
Great channel. Regarding this wallet, I really don’t feel comfortable generating seed phrases online. The biggest benefit that a HW wallet must offer is this step totally offline.
Two questions: 1. How does one know the blockchain a token is on? Is this important;)? If I want to bring over a token will there be multiple blockchains to select from? 🤷🏻♀️ 2. If one was to sell all, do they leave a fee for the transaction in a balance somewhere ? Thank you
Thanks Again for another awesome video! I'll probably need this video again when I receive mine. That's a long story I may share sometime. Still working the details out with Tangem. Good Luck & Stay Safe
you are by far the best, you explain everything super well and understandable continue you're by far the best, you explain everything super well and understandable, keep it up 👍👍👍👍👍👍
Always appreciate your content. Keep up the great work. I have noticed that there is a disproportionate number of videos on how to setup wallets and move digital assets into wallets. What is needed are videos showing the proper way to take profits from a wallet and move them into fiat in a bank account. If you would create a video showing how to do that, that would be a must see video and possibly a first of its kind.
Great point! Over the last year or so, I've always tried to make it a point to show not only how to fund the wallet, but how to transfer crypto out of the wallet. As far as when to take profits, that's more of a trading issue. I try to stay out of that kind of advice.
@CryptoDad Thanks. Yes, I'm not interested in when to take profit. But rather the process or steps from selling/converting to moving off a wallet into a traditional bank account for use. Sounds like you have made videos demonstrating that. I'll have to do a better job searching your video catalog. Thank you for the response, and keep the great content coming.
@@anthonyputorek7095 well, as far as banks go, there aren’t too many that will accept crypto directly at least not yet. If you’re looking to cash out, your best option is a cryptocurrency exchange like Coinbase or Kraken. You can connect your bank account to those exchanges so that when you make trades for cash, you can withdraw directly to your bank.
Love your content I’m just wondering am I transferring from my exchange? Just the profit I’ve made or am I transferring the investment I’ve made? To my cold or hot wallet.
The one thing I wanted to know you did not cover is gas fees. Cost to send, cost to buy, cost to receive, etc.. I’m pretty new at this and am nervous about sending/receiving/buying fees.
The best part about this is style of wallet is not needing to be at a computer to transact. I hate that about my ledger nano s. I can only go about my trades when I have my computer in front of me. feels very early 2000s. whereas I never leave the house without my wallet and my phone. so having a tangem card with me means I’m always about to make crypto transactions. securely. anywhere…. brilliant.
Firstly congrats on a clear concise and unrushed delivery. I have a question please. At 4:02 when creating the 12 phrase back up, there is another option at the bottom of the screen “Import wallet”. Please explain that to me. Thank you.
If you get a Tangem Wallet, does that mean you never have to access an exchange at all? Would you get the same liquidity on the wallet as on the exchange?
Thank you very much for the video.. I had just received my tangem card 2.0 and to my shock the seals were open.. How can I trust this card now.. How can I guarantee that the cards I received are not duplicate.. Please help
What happens if you loose your phone? Also your total balance a combernation of cryptos when you want to pay a vendor do you have to select a certain coin or will it take from overal balance? Thanks
Ty for video. I have my custom #volt partnership tangem wallet. I’ve been on ledger for a decade so I’m curious to see how this works. Very informative video.👏
Hello. I did Transfer some crypto to my tangem wallet Everything went well I received them the question.. Is where the crypto are saved? on my card or on my phone. because it didn't ask to scan the cards They just appear in Tangem app Should I be worried? I thought every transaction involved a Cards
I just yesterday got my new new Tangem 2.0 3 card wallet yesterday and sent my first transaction off the CEX. Went very smooth, and feels great to be holding it myself for the first time. How do you visually see your UTXO's on Tangem though? I haven't seen a video on that yet.
Security issues with Ledger then my first choice was Tangem but since it was sent from outside EU i was concerned about tax so got an Trezor i dont like the desin but it's secure like Tangem.
That really depends on where you're going to buy your coins. It makes sense to use the networks that have lower fees. But not every exchange supports every network. So for example, if you want to store USDT on your Tangem, It wouldn't really make sense to enable USDT on the Tron network since. you can't buy US tether in Tron format if you're using Coinbase. Of course, if you were using Binance you could. So it's really a matter of which exchanges you have access to. The simple answer to your question is you should enable the networks that have the lowest fees, so you'll save money. But you need to be aware of how to use each network as well. The safe bet is the Ethereum network. It's supported almost universally, even though the fees are slightly higher
great explanation I set up my 2nd wallet in the app but it says locked....there is no coins in it yet....I looked at everything and tried youtubes but no one seems to talk about it....can you say how to unlock the 2nd wallet, thanks
Since you can set up seed phrase, can you only use one card for a wallet? And use the 2nd card as a completely different wallet? So you have 2 seed phrases/wallets?
Would have been nice if they made a premium version with metal cards similar to Arculus. I would also like a larger number of card you could tether to the address.
Appreciate the detailed breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Can I check my balance on the app without the need to tap the card behind my phone? Also, can I generate the pass phrase but use the cards to buy/sell/send? Or do I need the pass phrase every time I will do a transaction?
I am currently usiing Nano S (you helped me greatly diving up each crypto wallet for different purposes.) Can the Tangem also divide each wallet into several subwallets as Ledger can?) 2. If the user opts for the seed phrase does it need to be entered on each card during setup? 3. Can the user see the total value of all the coins as one can on Ledger Live? Thanks, you have the best crypto UA-cam channel.
You cannot create multiple accounts within each crypto. There's only one account for each crypto. When you set up the seed phrase it's very similar to the non seed phrase setup. You simply sync the cards up. You don't have to enter the seed phrase. You simply write it down when it's presented to you. And yes, you can see the total value of your portfolio at the top.
Thanks for this Video, I will be getting this, also lets say I do not "generate a seed phrase" just select "Create wallet" and the seed phrase I not need to be concerned with manage a seed phrase right? Also another question say I get another phone and I did not select "generate a seed phrase" how then will I be able to continue use/access my Tangem?
Possible stupid question - if my crypto funds are moved from Uphold onto my Tangem wallet - are they still benefiting / affected by changes in the prices occurring in market? Or must they live on Tangem only, for this to take place. Thx.
Very informative video! Question: If my BTC is on Coinbase and my wife’s BTC is on Robinhood, can we move the BTC from both exchanges onto one Tangem card? We have separate accounts.
I have a tangem wallet and I also have a hot phantom wallet.... I am using phantom to purchase meme coins ...if I move the token from phantom wallet is that a good idea and if I need to purchase some more meme coins I will need to move some Solana back to phantom to buy them and moved them back to my hard wallet...does that sound correct
Every cryptocurrency including bitcoin has built-in Blockchain fees. It’s just how the system was designed. The fees are implemented slightly differently, depending on the Blockchain, but basically it’s coded into the system. Or shall we say it’s part of the computer program that makes it run. The small transaction fees generated for each transaction incentivize the people that are maintaining the Blockchain. In other words there should be some motivation for people to maintain the Blockchain or it would just die, it’s a decentralized system, but it works pretty well.
Please make a updated video with transfers from uphold to tangem wallet. I find it nearly impossible. Coinbase is easy. Uphold is a pain yet still havent accomplished this action. Thanks
I didn’t add those words on my Tangem accounts how to do them later after you add access code. Also, do we know what is a primary card on the Tangem account
Your existing amounts are accessible when you import a seed phrase. You've basically just created a mirror backup of the original device that generated the seed phrase. However, the existing accounts are not always created seamlessly. If you import a seed phrase from a different hardware wallet, you may not see all of your accounts because of the way different hardware wallets interpret the derivation path.
@@CryptoDadthank you. I bought a ledger nano s plus before and still in a box. I didn’t want to worry about keeping a written seed phrase somewhere that someone might’ve access to or getting damaged. Also the need connect it to a computer when you need to use it. I’m glad I found this tangem through your video.
Hi Cryptodad, I have a question: can I start a tangem with my phrase from ledger wallet and do I then have all my funds in the tangem that I have in the ledger wallet?
What about fees on erc20? Every time I swap an erc20 token it will give me a fee sometimes higher than other times. But on tangem I didn't see any fees.
Hey CryptoDad great video. I placed an order about a week ago , I ordered the Kaspa edition , which I guess went back on sale on the website. I was reviewing my banks transactions and I noticed that the payment was made to a TANGEM SINGAPORE bank account, does that sound right? I mean isn't Tangem located in Switzerland?
Hi Crypto Dad - thanks for the video. Can I generate my own “brand new” seed phrase with words that I choose? Or am I forced to use a seed phrase randomly generated by Tangem? Using their phrase seems OK to you - but I really REALLY do NOT want a seed phrase chosen for me!! I would not have bought a Tangem wallet had I known I had to use their seed phrase!I Do I have any options? I do not have a previous seed phrase from another wallet so I don't think I can use the import option.
New subscriber here. Just got my tangem wallet and will be setting it up. My question is, do I also need an exchange like Coinbase? Or can I bypass any exchange and do everything from Tangem? So if I have Tangem why would I need a coinbase account or any other? Also, how often do you back up the cards?
This really depends on your individual needs. I personally have several exchange accounts. They really don't cost you anything to maintain. And they generally give you better trading fees and transfer fees. However, you could simply rely on the Tangem card for all of your swaps. However, you are using third part services under the hood. So you are in effect using an exchange. I haven't done the math, but my guess is in the long run it would be cheaper to use a centralized exchange like Coinbase or Kraken. You would just have to learn how to do trades and transfers back and forth between your wallet. But that's entirely up to you.
The only issue I have with new wallets is the security exploits are never discovered early. It takes years and usage and eyeballs to stumble across them.
Once you add tokens on a new card, it comes only with ETH and BTC you have to scan the card every time you add a token witch I did. Now the question is there is no prompt to scan the other 2 cards so how will they know you have say now 4 tokens in my case SOL and XRP?
The reason the app needs you to hold the card up when you add a new token is so it can export the public information of the new token wallet you're creating. You could actually use any of the three cards to do this. The other cards really don't need to "know" about the new wallet. They can generate authorizations on-the-fly by using the master private key when you're authorizing transactions.
I understand, but does the fees come from the crypto you are transferring? ie: you transfer ONDO to the Tangem wallet, do they charge you a number of ONDO or must you have some Etherium or Bitcoin to pay the fee?
If you are withdrawing from an exchange, they will take it out of your ONDO (ERC20 token) balance. The exchange calls it a withdrawal fee, but they are basically passing along the blockchain fees that they are paying to you. If you are transferring ONDO from your own wallet, the fees are taken out of your Ethereum balance as gas fees.
I like the demos where people actually do the process in front of the Camera. Thanks for a realistic demo!!
Crypto Dad is the Crypto father I never knew I needed. Breaks things down just like a dad would.
I am using Ledger but really concern about the Recovery thing, so I also ordered Tangem as a second wallet. This is so easy to use. Beginners will love this.
Good strategy! Don't keep all your eggs in one basket.
you think casa multisig is good safe option ??????????@@CryptoDad
I’m doing the same. Using Ledger nano x and just ordered Tangem
Don't let anxiety rule your life. And remember FEAR sells
I trust my ledger. How many seed phrases do you want ? 😢😢
I have ELLIPAL 2.0. Trying to restore from seed phrase but when I do it only thing that shows up is XRP. My XLM, XDC and ADA don’t show up. I’m pretty sure I never set up a pass phrase which is another layer of security but you don’t need to set up a pass phrase. I never wrote down a pass phrase at least and I’m pretty sure I would have
Excellent video! Transfered 1 bitcoin into wallet. Got freaked out how to put it back into exchange. U saved me. Holy crap. Middle class to the moon!!
Crypto Dad: thank you for the thorough overview of Tangem. I have found you to be a good explainer of crypto topics!
I love how deeply he make us understand the functionality loved the video , this is the most detailed video i've ever seen
I got 10% discount using your promo code ,thank you Dad !
Great video the only channel that actually showed me how the app looks like
Glad you like it
Another excellent tutorial, thanks CryptoDad.
My pleasure!
CryptoDad, you are the best :) Great video!
Excellent info. Thank you Crypto Dad.
YESSSS. Im thrilled they made a backup phrase
Great channel.
Regarding this wallet, I really don’t feel comfortable generating seed phrases online. The biggest benefit that a HW wallet must offer is this step totally offline.
Thank u for your video, this is the most easy to understand and follow , not too fast and simple explaination. 👍👍👍
Thanks for all your work Rex. Security is always #1 and you cover it all.
Great video! Coming from L, Im totally digging the new Tangem 2.0 seamless, easy, straight forward, user friendly.
Two questions: 1. How does one know the blockchain a token is on? Is this important;)? If I want to bring over a token will there be multiple blockchains to select from? 🤷🏻♀️
2. If one was to sell all, do they leave a fee for the transaction in a balance somewhere ?
Thank you
Thanks Again for another awesome video! I'll probably need this video again when I receive mine. That's a long story I may share sometime. Still working the details out with Tangem. Good Luck & Stay Safe
Very well explained… Thanks a lot !
You make it so complete and so easy, great job
Thanks so much 😊
Thanks
Thank you so much I appreciate it.
excellent review - really appreciate showing transactions in your review!
Thanks CD for the promo code, really appreciate
Thank you for the effort that put in making this great video.
I have one question, can we save the addresses that we use frequently ?
you are by far the best, you explain everything super well and understandable continue you're by far the best, you explain everything super well and understandable, keep it up 👍👍👍👍👍👍
Glad to help!
Great content answered all my questions and I will now start the process. Thank you Dennis
Thank you much for that explanation. Every bit help because it could be very confusing.
Great Video you explained it very well.
Thank you!
Great video! Love to see you import a Ledger Nano X over to Tangem wallet.
Yes, that would be interesting. I’ll have to check and see if they support 24 seed phrases.
Crypto Dad you are great man well explained all the questions I have in my mind..You must be a great teacher I guess
I appreciate that!
This video helped me very much … Thank you!
Always appreciate your content. Keep up the great work. I have noticed that there is a disproportionate number of videos on how to setup wallets and move digital assets into wallets. What is needed are videos showing the proper way to take profits from a wallet and move them into fiat in a bank account. If you would create a video showing how to do that, that would be a must see video and possibly a first of its kind.
Great point! Over the last year or so, I've always tried to make it a point to show not only how to fund the wallet, but how to transfer crypto out of the wallet. As far as when to take profits, that's more of a trading issue. I try to stay out of that kind of advice.
@CryptoDad Thanks. Yes, I'm not interested in when to take profit. But rather the process or steps from selling/converting to moving off a wallet into a traditional bank account for use.
Sounds like you have made videos demonstrating that. I'll have to do a better job searching your video catalog. Thank you for the response, and keep the great content coming.
@@anthonyputorek7095 well, as far as banks go, there aren’t too many that will accept crypto directly at least not yet. If you’re looking to cash out, your best option is a cryptocurrency exchange like Coinbase or Kraken. You can connect your bank account to those exchanges so that when you make trades for cash, you can withdraw directly to your bank.
Very useful video from India
Great video for newbie like me 😊
Glad it was helpful!
Ordered because of you and ... well Ledger ;)
Love your content I’m just wondering am I transferring from my exchange? Just the profit I’ve made or am I transferring the investment I’ve made? To my cold or hot wallet.
The one thing I wanted to know you did not cover is gas fees. Cost to send, cost to buy, cost to receive, etc.. I’m pretty new at this and am nervous about sending/receiving/buying fees.
Is it easy to link the wallet to trade altcoins on uniswap or other swapping daps?
What are the fees for taking crypto out of Coinbase and into Tangem wallet and where do the fees come from?
We’ll certainly have to discuss this at our November meeting. No doubt we’ll probably get into the subject of Tangem vs Ledger
A very through video. Thank you, sir.
The best part about this is style of wallet is not needing to be at a computer to transact. I hate that about my ledger nano s. I can only go about my trades when I have my computer in front of me. feels very early 2000s. whereas I never leave the house without my wallet and my phone. so having a tangem card with me means I’m always about to make crypto transactions. securely. anywhere…. brilliant.
Firstly congrats on a clear concise and unrushed delivery. I have a question please. At 4:02 when creating the 12 phrase back up, there is another option at the bottom of the screen “Import wallet”. Please explain that to me. Thank you.
Import wallet would be used if you already had an existing seed phrase that you wish to import into the wallet.
@ Thanks. Could this existing seed phrase come from a hot wallet ? Not on an existing Tangem wallet?
@ would this work with an existing seed phrase from a hot wallet on a different mobile device?
Can’t wait to see you unbox the trezor safe 3 or secux bio shield.
I didn’t do those words on my Wallet I did Only excess code can I add it later and how
If you get a Tangem Wallet, does that mean you never have to access an exchange at all?
Would you get the same liquidity on the wallet as on the exchange?
Thank you very much for the video.. I had just received my tangem card 2.0 and to my shock the seals were open.. How can I trust this card now.. How can I guarantee that the cards I received are not duplicate.. Please help
Thank you for the reply this info is just what I needed Thank you Sir. keep up the great work
What happens if you loose your phone? Also your total balance a combernation of cryptos when you want to pay a vendor do you have to select a certain coin or will it take from overal balance? Thanks
I had a problem with a different brand wallet and ordered a Tangem. My question is can I import a 24 word seed phrase to my Tangem ?
brilliant thanks, all i was looking for was explained very well.
I have both Tangem 1.0 and new one 2.0 and i love them both. Very easy to carry and use. Cant wait to buy the Ring wallet version from them
Amazing information thank you for your effort.
Thanks!
Wow, you’re the best. Thank you!
I set it up but how do you get the wallet address so you can send your crypto from the exchange to the wallet?
Thank you so much👍👍
Ty for video. I have my custom #volt partnership tangem wallet. I’ve been on ledger for a decade so I’m curious to see how this works. Very informative video.👏
I just bought this exact wallet. I’m so new to crypto. But on setting it up! I could only add 2 of the 3 cards. What am I doing wrong?
This was very helpful
Hello. I did Transfer some crypto to my tangem wallet Everything went well I received them the question.. Is where the crypto are saved? on my card or on my phone. because it didn't ask to scan the cards They just appear in
Tangem app Should I be worried? I thought every transaction involved a Cards
I just yesterday got my new new Tangem 2.0 3 card wallet yesterday and sent my first transaction off the CEX. Went very smooth, and feels great to be holding it myself for the first time. How do you visually see your UTXO's on Tangem though? I haven't seen a video on that yet.
Security issues with Ledger then my first choice was Tangem but since it was sent from outside EU i was concerned about tax so got an Trezor i dont like the desin but it's secure like Tangem.
You're a great explainer! Can you please explain how to decide which network to select when adding coins to the wallet? Many thanks for your help.
That really depends on where you're going to buy your coins. It makes sense to use the networks that have lower fees. But not every exchange supports every network. So for example, if you want to store USDT on your Tangem, It wouldn't really make sense to enable USDT on the Tron network since. you can't buy US tether in Tron format if you're using Coinbase. Of course, if you were using Binance you could. So it's really a matter of which exchanges you have access to. The simple answer to your question is you should enable the networks that have the lowest fees, so you'll save money. But you need to be aware of how to use each network as well. The safe bet is the Ethereum network. It's supported almost universally, even though the fees are slightly higher
Thank you!
great explanation I set up my 2nd wallet in the app but it says locked....there is no coins in it yet....I looked at everything and tried youtubes but no one seems to talk about it....can you say how to unlock the 2nd wallet, thanks
Thank you so much.
Thanks just ordered a few
Since you can set up seed phrase, can you only use one card for a wallet? And use the 2nd card as a completely different wallet? So you have 2 seed phrases/wallets?
Would have been nice if they made a premium version with metal cards similar to Arculus. I would also like a larger number of card you could tether to the address.
I bought the Tangem wallet which is now the classic earlier this year. We can still use the classic, I don't need the seed phase?
Just got my 3 cards I love this wallet, best thing my wife could use it if something ever happen to me 😊
She might off you to get to it though
Appreciate the detailed breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Can I check my balance on the app without the need to tap the card behind my phone?
Also, can I generate the pass phrase but use the cards to buy/sell/send? Or do I need the pass phrase every time I will do a transaction?
I am currently usiing Nano S (you helped me greatly diving up each crypto wallet for different purposes.) Can the Tangem also divide each wallet into several subwallets as Ledger can?) 2. If the user opts for the seed phrase does it need to be entered on each card during setup? 3. Can the user see the total value of all the coins as one can on Ledger Live? Thanks, you have the best crypto UA-cam channel.
You cannot create multiple accounts within each crypto. There's only one account for each crypto. When you set up the seed phrase it's very similar to the non seed phrase setup. You simply sync the cards up. You don't have to enter the seed phrase. You simply write it down when it's presented to you. And yes, you can see the total value of your portfolio at the top.
Thank you.
There are videos related to you that speaking how send Aptos APT to the ledger nano x.
Thank you so much.
Just bought, thx for video
Hope you enjoy it!
Thanks for this Video, I will be getting this, also lets say I do not "generate a seed phrase" just select "Create wallet" and the seed phrase I not need to be concerned with manage a seed phrase right? Also another question say I get another phone and I did not select "generate a seed phrase" how then will I be able to continue use/access my Tangem?
Possible stupid question - if my crypto funds are moved from Uphold onto my Tangem wallet - are they still benefiting / affected by changes in the prices occurring in market? Or must they live on Tangem only, for this to take place. Thx.
Very informative video!
Question: If my BTC is on Coinbase and my wife’s BTC is on Robinhood, can we move the BTC from both exchanges onto one Tangem card?
We have separate accounts.
Congratulation for your Channel, Can I create my words or is the program created ?
I have a question: do we have to pay gas fees to transfer crypto in and out of Tangem wallet? Thank you
I have a tangem wallet and I also have a hot phantom wallet.... I am using phantom to purchase meme coins ...if I move the token from phantom wallet is that a good idea and if I need to purchase some more meme coins I will need to move some Solana back to phantom to buy them and moved them back to my hard wallet...does that sound correct
Hi CryptoDad: can I use the tangem also with an IPad? Great content as always, thank you and best regards, S.
How and where do the fees come from moving crypto from say Coinbase to Tangem wallet?
Every cryptocurrency including bitcoin has built-in Blockchain fees. It’s just how the system was designed. The fees are implemented slightly differently, depending on the Blockchain, but basically it’s coded into the system. Or shall we say it’s part of the computer program that makes it run. The small transaction fees generated for each transaction incentivize the people that are maintaining the Blockchain. In other words there should be some motivation for people to maintain the Blockchain or it would just die, it’s a decentralized system, but it works pretty well.
Please make a updated video with transfers from uphold to tangem wallet. I find it nearly impossible. Coinbase is easy. Uphold is a pain yet still havent accomplished this action. Thanks
You said that you couldn’t transfer the entire old Tangem wallet to the new due to a lack of a seed phrase. Can I transfer my whole Trust wallet?
I didn’t add those words on my Tangem accounts how to do them later after you add access code. Also, do we know what is a primary card on the Tangem account
So you can import a Seed Phrase from another Wallet and it combines existing amounts with imports?
Your existing amounts are accessible when you import a seed phrase. You've basically just created a mirror backup of the original device that generated the seed phrase. However, the existing accounts are not always created seamlessly. If you import a seed phrase from a different hardware wallet, you may not see all of your accounts because of the way different hardware wallets interpret the derivation path.
So which would you recommend version 1 or 2? Asking for a newbie friend who still keeps btc on cb
I would probably go with version 2 for more flexibility. You can use it with or without the seed backup.
@@CryptoDadthank you. I bought a ledger nano s plus before and still in a box. I didn’t want to worry about keeping a written seed phrase somewhere that someone might’ve access to or getting damaged. Also the need connect it to a computer when you need to use it. I’m glad I found this tangem through your video.
Hi Cryptodad, I have a question: can I start a tangem with my phrase from ledger wallet and do I then have all my funds in the tangem that I have in the ledger wallet?
Just a question that comes to mind in regards to ordinals and brc-20 tokens, can they be added to tangem and if so how?
At what point does one go on airplane mode during seed phrase process?
What about fees on erc20? Every time I swap an erc20 token it will give me a fee sometimes higher than other times. But on tangem I didn't see any fees.
Hey CryptoDad great video. I placed an order about a week ago , I ordered the Kaspa edition , which I guess went back on sale on the website. I was reviewing my banks transactions and I noticed that the payment was made to a TANGEM SINGAPORE bank account, does that sound right? I mean isn't Tangem located in Switzerland?
Hey crypto Dad. Which cold wallets are open sourced? Does it make a difference if it is or isn't open sourced
Hi Crypto Dad - thanks for the video. Can I generate my own “brand new” seed phrase with words that I choose? Or am I forced to use a seed phrase randomly generated by Tangem? Using their phrase seems OK to you - but I really REALLY do NOT want a seed phrase chosen for me!! I would not have bought a Tangem wallet had I known I had to use their seed phrase!I Do I have any options? I do not have a previous seed phrase from another wallet so I don't think I can use the import option.
New subscriber here. Just got my tangem wallet and will be setting it up. My question is, do I also need an exchange like Coinbase? Or can I bypass any exchange and do everything from Tangem? So if I have Tangem why would I need a coinbase account or any other? Also, how often do you back up the cards?
This really depends on your individual needs. I personally have several exchange accounts. They really don't cost you anything to maintain. And they generally give you better trading fees and transfer fees. However, you could simply rely on the Tangem card for all of your swaps. However, you are using third part services under the hood. So you are in effect using an exchange. I haven't done the math, but my guess is in the long run it would be cheaper to use a centralized exchange like Coinbase or Kraken. You would just have to learn how to do trades and transfers back and forth between your wallet. But that's entirely up to you.
The only issue I have with new wallets is the security exploits are never discovered early. It takes years and usage and eyeballs to stumble across them.
what tokens does that wallet have support for...Thank you.
Excellent video.
Glad you liked it!
Once you add tokens on a new card, it comes only with ETH and BTC you have to scan the card every time you add a token witch I did. Now the question is there is no prompt to scan the other 2 cards so how will they know you have say now 4 tokens in my case SOL and XRP?
The reason the app needs you to hold the card up when you add a new token is so it can export the public information of the new token wallet you're creating. You could actually use any of the three cards to do this. The other cards really don't need to "know" about the new wallet. They can generate authorizations on-the-fly by using the master private key when you're authorizing transactions.
I understand, but does the fees come from the crypto you are transferring? ie: you transfer ONDO to the Tangem wallet, do they charge you a number of ONDO or must you have some Etherium or Bitcoin to pay the fee?
If you are withdrawing from an exchange, they will take it out of your ONDO (ERC20 token) balance. The exchange calls it a withdrawal fee, but they are basically passing along the blockchain fees that they are paying to you.
If you are transferring ONDO from your own wallet, the fees are taken out of your Ethereum balance as gas fees.