@@cyberscrilla ahead of you on that one. Thanks for the discount. My cards are already on their way. Here's hoping that I never have to find out how good their customer service is 😂.
I just got scammed using “swap” the automatic one the wallet recommended. It substituted the amount swapped (I obviously checked the numbers) and a larger number showed up. When I checked the address it was sent to, it was one with many previous transactions that all went to zero. No better than Coinbase wallet which is full of scams. I write Tangem. Haven’t heard back. Security is 100% compromised if you swap and likely if you connect to a third party of choice, but I didn’t do that and have a record.
I am at a loss to understand why you only have 9000 subscribers. Clear, precise, and accurate information given in a way that even I can understand. Well done. 👍
@@cyberscrilla he said "yet" its coming, your content is fire... Also I would bet that you are Canadian or live close to them based off the way you talk.
I would also agree that inability to update firmware of Secure Element chip is a security advantage. The firmware only needs to provide simple APIs to phone app, such as write private key, passcode, sign, erase keys. etc. So long as there's no method to retrieve a stored private key out of SE chip, then there's no issue. No display issue: The SE card together with phone app makes a complete wallet system. So, the display for this wallet is basically the phone screen. I don't see the point of spending big for a fancy wallet with display and complicated user interface, when phone app can provide that front end interface that people are already familiar with.
@yossarian67 Nope. The seed phrase isn’t stored on your phone. Also, the app is open source, meaning you can see how the code interacts with your device. Plus Tangem has been audited by two security companies that confirmed there are no hidden vulnerabilities or backdoors. Over 1 million Tangem wallets sold since 2017, not a single one has been hacked.
@@cyberscrilla ok… but we have to type our seed phrases on a phone. So while I trust tangem to not track it, there’s lots of evidence that phones have been backdoored by intel agencies. None of them being hacked is a great sign of course…. I guess I’m looking for possible ways they could be hacked though.
@yossarian67 IDK what to tell you. The Tangem app has never been hacked. And again, multiple security firms confirmed there are no vulnerabilities or backdoors.
Thank you for this. Yes I was upset with what I heard from this man but you have cleared this up for me. You are one of the biggest reasons I chose Tangem. You are very specific in the information you give out. I trust what you have to say and I’ve listened to others about Tangem. Thanks for your info. It’s appreciated very much S Miller
Number three, multi signature (edited: like a key split): With 24 words you can do your own multi signature and don't need a third party, you could split 50/50 the words between writing them down for your own household safe and the other half at a bank safe. Additionally I would have an electronic storage split backup: Half the words in a password manager, and half the words on an air gapped device. Your phone leaves your house everyday as it should as part of this security permutation should have the 12 words that "match" the 12 in your bank, meaning different to complete the 24. This way if you lose your two at home on a device and in the safe. You still have the backup between your bank and phone, and if you lose any one of the four 12 words the other three sets will cover you. And get a gun
@@cyberscrilla You're not storing your seed phrase online. Half of it but you even said in this video that 12 words is more than enough security. Nobody's going to guess a series of 256 zeros and ones. How do you figure it's not multi signature when you are splitting the seed phrase? Why can't you look at it in terms of from the hacker point of view? Effectively they would need two keys. SHA 256 * 2.
12 words is secure. Doesn’t mean you should store it online. Multisig involves multiple parties or keys being required to authorize a transaction. What you described involves splitting a single key or seed phrase into multiple parts for redundancy and security. It's a form of backup and redundancy rather than multisig. What you described is more like Shamir backup 👍
@@cyberscrilla Part 2 Technically you can say you are right, but the level of security with a split 24 word phrase operates as secure as a 12 word phrase given the hacker has gotten into one of the four backups I have set up which I guess your biggest worry would be the password manager. Multi-signature refers to requiring multiple keys to authorize a Bitcoin transaction, rather than a single signature from one key. So I get it's not two signatures, but let's say he gets both halves of my private key and all 24 words, is that really any different security wise doing one signature or two with two different 12 word sets? He would have both anyway so it's a meaningless distinction and the technicality doesn't matter I would also add that it is as secure as multi signature but you don't need two or more signatures. But the separation of half your seed phrase acts just as secure as two different signatures even though you only need one when combining the other half. I see no security difference between having one signature and having a split seed phrase compared to two 12 word seed phrases that require two signatures as multisig. The main point here is to not have a single point of failure by having your whole seed phrase whether 12 or 24 words in one place.
@@cyberscrilla Yeah I guess that would be a better name for it for sure Split key And it's actually what I do instead of the bother of Shamir, avoiding Shamir
If i set seed phrase, do i need to put it in everytime when i want to acces the wallet, or the cards enough, and phrase is just for security??? Thank you for the answer😊
THANK YOU for setting the record straight with truth & not FUD.. I was dead set on getting my 1st crypto wallet by buying The OneKey Classic.. But, after watching this video, Tangem is definitely making that decision difficult.. lol..
wait till screen, battery, usb port get damaged and no backup whatsoever for me, i prefer TRNG instead of seed phrase so i would buy 3 set of cards the most misinformation being told is that Tangem app might be removed from app/playstore
What screen, battery, and USB port are your referring to? Tangem has none of those features. As I’m sure you know, the Tangem app is open source, thus it can be recreated even if it ceases to exist on an app store
@@cyberscrillano, not about tangem, i referred to that guy who told misinformation about Tangem wallet i watched his entire video, and thing he said that "Tangem doesnt have screen so it can't doubled verified the received address prior to signing the transaction, and malicious code could alter the receiver address on the app" totally non-sense 🤣🤣🤣
Excellent. Would Tangem be a wallet a large holder of Bitcoin would use as their main storage? What would you use if Bitcoin went to $1million? Would you still be happy with Tangem or would you prefer something else?
Personally, I’d either use a bitcoin only wallet like BitBox or a wallet like the Trezor Safe 3 with bitcoin only firmware. If Tangem came out with a BTC only edition, I’d use that.
Hi thanks for you info. I just bought the tangem (after seeing your videos) I currently use ledger. I can just import the ledger seed phrase and the same seed phrase will be on both devices? And my crypto will also be available on both? Is that type of backup recommended?
I think it's recommended to create a new seed phrase on tangem and then transfer your crypto from your ledger to your new tangem wallet. The private key generated on the ledger can't be trusted now because of the new ledger firmware update. So it's best to not use that private key and create a new one. You backup is your seed phrase. As long as you have your seed phrase, you can access your wallet.
dont use these cards, they are a living nightmare, my crypto have been stuck for days.. and so have many others.. they have problems all the time while other wallets work fine
New to this and I’m still confused about what’s the best cold wallet! I did order the Tangem cards then actually watch that gentleman’s video after receiving them. I hesitated activating my cards, but I will give them a try! Thank you!!
Best is subjective. There are many great options, all with their own pros and cons. Tangem is great for many reasons. It’s secure and extremely beginner friendly. I also enjoy Onekey and Trezor wallets.
99% of thefts from other wallets seems to be from people not securing their seed phrase properly (which is a massive risk) Tangem removes this risk. Just store your cards in 2 or 3 separate locations
Would I be correct in saying that the problem with Tangem is that if a person had say 10 BTC and wanted to send $10 to a friend ALL 10 BTC would disappear from the Tangem for a short time because of the way UTXOs work?
To be honest I feel like importing seed phrases to the card via your phone decreases your trust as it could be viewed somehow by hackers if you have malware on your phone am I right? That's why if they add a screen to their card you have the option to confirm the seed phrase via the card screen without having to reveal it outside the card.
I think not having screen to recheck the sending or receiving address. Is a concern for me as well. It’s not as secure as the hardware wallets that have the screen for sure. In the end, it comes down to how paranoid you are.
Ink display longer should be NFC....direct for.....verifying Tandem App.....signing verification matching.😊😊....ink display should be already an isolated verification tool since credit card size is essential without battery or chip only cards AN Ink display should be longer and on a separate credit card via WIRELESS powered Credit card size INK display PAD. Genious😊😊😊..Mr Moto.
After watching this video, I am more convinced that the other guy was quite right to point out many of the drawbacks. I think this guy takes too casual a view of several matters including lack of passphrases, lack of firmware updates and single receiving address. Ignore these at your peril!
Exactly. Absolutely nothing was "debunked". You could say this video added more context, but that's it. He starts each point with essentially agreeing with the original.
Question.. im Canadian and have deposited Doge to tangem. In order for ne to receive CAD to my bank do i need to send it back to an exhange, sell for USD, convert to CAD and finally withdrawal? Is it possible or worth it to just swap to BTC through tangem then send to my Shakepay? Thanks!!
Tangem is great if you live nomadic without a base. Small lightweight and no paper with seed in your bag someone could take in a Hostel. But, all cards at the Same place is bad... I did set up Tangem without seed phrase, but after I hear that a 24 Word Phrase would work, I thought I should Change it and import one of the BIP 85 children into it. Is it possible to reset the card and do it with a seed phrase? I want to set up a Sparrow Wallet with multisig, so I could use Tangem as a signer! How? Tangem I didn't try, I thought it wont work. My SafePal I tried and it failed. You say I could use any wallet, could you explain how? Make a Video about it!
Perhaps, but it was not a well researched video, and it came off as very fear based. I don’t think he’s trying to help people as much as he is trying to get views. Otherwise more effort would have been put into providing accurate info.
I guess idk what you mean by the app malfunctions. As long as you have the app on your phone you can send crypto. You can also download the app from GitHub. That said, I always recommend knowing your seed phrase so you don’t have to worry about the app. Might be worth upgrading to the new Tangem wallet.
One seldomly writes down their seed phrase more times and hides them in 3 different places .. to me 3 cards are like 3 lists except if one gets found, nobody can steal my btc
That’s not how it works. The private key is still stored on the card, which makes it secure. The risk (with ANY wallet) is potentially connecting it to a malicious website and handing over access to your wallet.
Yes you can. I think you watched my most recent video about swapping already. And sure, the Tangem wallet is resistant to extreme temperatures. So storing it in a warmer location shouldn’t be an issue
Thanks to you, I ordered a Tangem wallet. I recently received it and I have started transferring BTC from my two exchanges. It’s frustrating that they limit the amount you can transfer every 24 hours. Question: while the amount that can be transferred FROM the exchanges to the wallet is limited per day, how does it work inn the reverse? When it’s time to transfer BTC from my Tangem wallet to an exchange to sell, can I move it all…or will the amount be limited again? Thanks so much!
There’s no limit to how much crypto you can transfer to an exchange, but there are generally withdrawal limits. So just because you can transfer $100k worth of BTC to an exchange doesn’t mean you can withdraw it all that day. I’d check the terms of whatever exchange you’re using.
There has been one case of the Trezor Model T being hacked years ago. “Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet”. However, the hack could have been prevented if the wallet had a strong password enabled. That said, the new Trezor Safe 3 is not prone to that hack since it has a secure element chip. The attack was a RDP downgrade attack requiring physical theft of the device and extremely sophisticated technological knowledge and advanced equipment. All that said, I like Trezor’s products and would recommend the Safe 3.
Tangem has some of the best customer service in the industry. For most companies in crypto, customer service is basically non-existent in my experience. Tangem on the other hand, has been very responsive.
Tangem doesn’t charge transaction fees. Those fees are charged by whichever blockchain you’re transacting on. Or if you’re swapping, those fees are charged by the third party party aggregator. Tangem does not charge any fees
Great video, simple question, can your transfer your crypto from any hardware wallet to a different brand using your seed phrase? Can anyone help answer this please!
Thanks! A couple things, transferring crypto is different than importing a seed phrase. You can transfer your crypto from Tamgem to any wallet/vice versa. You can also take your seed phrase from Tamgem and import it into another brand of hardware wallet, allowing you to access your entire crypto portfolio on that wallet.
@@cyberscrilla Thank you so much! Trezor told me you can only use your seed phrase with another Trezor hardware wallet, i.e. you can only use your seed phrase to access your crypto using the same hardware wallet brand !
I really like the Tangem wallet. Extremely easy to set up and use. HOWEVER, be very careful about which network you use to move your coins. Tangem doesn’t support Base Network which is becoming more and more popular. I have a small amount of coins sitting on the blockchain until Tangem supports Base. Thank goodness I only tried to move a small about bc if it were more, I would be panicked.
Got my Tangem 2.0, waiting for PulseChain support. I will begin to use it with degen plays, I like to know my seed and passphrase and not knowing it kinda drives me insane. Trust vs Verify.
I'm using tangem wallet, cards with seed phrase, and recently got software update notification along with all the other apps on my phone. Is it safe to update tangem wallet software?
The previously installed app on your device will be available if the ability to download it from App Store/Google Play suddenly disappears. The app works independently of Tangem's servers and will continue to work even if the company shuts everything down. You can also always download the Tangem app on GitHub.
Correct. Using the new phone, you’d download the Tangem app, scan your cards, and enter your custom access code to recover your wallet on the new phone.
Are you currently using it as a seedless wallet with crypto on it? If so, you need to transfer your crypto to a new wallet before resetting it otherwise you’ll lose your crypto. This is how to factory reset it: 1. Open the Tangem app and press the three dots in the upper right corner of the screen. 2. Press Card Settings. 3. On the screen that appears, press the Scan the Card and scan the card you want to reset. 4. On the Card settings page, tap Reset to Factory Settings.
Does Tangem have any real customer services support? I tried looking over at their website but could not find any contact details such as a support email address. I want to ask how I can order the black Tangem instead of the current white special edition sets. How can I contact them?
Yes they have a support page in their website. But you can order the black version directly on their site: tangem.com/en/pricing/?promocode=Cyberscrilla#pricing This link includes my 10% discount as well 👍
yes I do however I do live in a werid are of UK. bought it with your link if I remember corectly so I am 100% that the website was legit. infact I bought it after watching good few of your vids :)@@cyberscrilla
dont use these cards, they are a living nightmare, my crypto have been stuck for days.. and so have many others.. they have problems all the time while other wallets work fine
Nice! You could also create a 24 word seed phrase using another wallet and import it into Tangem, no need to wait if you don’t want as Tangem already supports importing 24 word phrases.
Yes, I have the Titan mini and Titan 2.0. Both decent wallets. But the Titan 2.0 has some issues regarding updating the firmware via the micro sd card. If takes some finagling
I’ve already responded to your other comment. Blockchain fees constantly fluctuate based on network congestion. Right now it'll cost about $7-15. Tangem doesn’t charge transfer fees.
When your phone tells you to update the app. Just like any app that’s on your phone. Or you can turn on automatic updates. You don’t update the wallet. Just the app
@@cyberscrilla So do I turn on automatic updates within the Play Store ( from where I downloaded the App), or on my phone (within the downloaded Tangem App)?
The wallet’s software randomly selects 12 random words from a wordlist containing 2048 words based on the BIP39 seed phrase standard. The software converts the chosen string of words into a binary seed, which it uses to generate a set of private keys and public address pairings. The private keys are then uploaded and stored on the Tangem cards.
It wasnt misinformation, lots of the drawbacks you said you guys are going to add the features so the video is correct. As of when he recorded hes talking about the current tangem wallet, not the future one with better features. And also that was a terrible answer about no screen display. Remove all trust, doesnt matter how theyve never been hacked or what audits they have, a screen is 100x better than no screen. Dont trust, verify.
Sure, he made points on SOME things that aren’t available yet. But that doesn’t change the fact that SOME things he said was inaccurate, so I wanted to correct him. Also, there is always some level of trust. You’re either trusting the hardware wallet company, an auditor, or yourself (assuming the code is open source and you know how to read code).
That's a bad idea because if 1 card goes bad, you could lose all your crypto, depending on which seed phrase option you chose.. And yes, people have reported their cards going bad.
@@ghifarimubarak7730 you can use as many phones as you want for all the cards. You’ll just need to know the access code when accessing the wallet on each new device.
You said at one video that if you buy the 3 card tangem and you use just the 2 of them you can not do something with the last one. But you can, if you make a wallet then you can erase the 2 of the cards and leave just one inside, then you can make an other wallet with the other 2 😁😂 I hacked the system
No pass phase must be a deal breaker. -This is giving you no seed generation entropy protection or a bad actor using a set pool of seed words created. -No seed collision protection, due to above issue. -If your seed word card is found or stolen, this gives you time to move your crypto.
First off, Tangem does support importing a passphrase (hidden wallet). Now addressing your concerns. 1. Tangem uses BIP39 (just like most cold wallets) which ensures high entropy during seed generation, making the seed phrases highly secure and resistant to brute-force attacks. 2. Given the large number of possible combinations (for a 24-word BIP39 phrase, it’s 6.24^24), this is extremely unlikely. To put this into perspective, that’s a 1 followed by 79 zeros: 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936. 3. I don’t see what the issue is here? If your card is stolen nothing happens because your cards are protected by your own unique access code that you create when you setup the wallet. Hopefully this clears any confusion for you. - Alex
@@cyberscrilla yes, always claimed high entropy - passphrase removes this trust of any error applied to the TRNG or firmware applying a set value to narrow the entropy. Even hardware wallets have had issues creating perfect entropy in the past, software wallets have always have a poor history.
It need trust on Software. We can't be 100% sure it ill free of problem in the future even if it is opensource. I have Tangem and like it but I don't fully trust their software, not from security side, but from bugs that could be potentially huge risk. They need to boast their budget to make the software so it will actually capable of handling various network without put the blame on "Congestion". Or otherwise they should make support of 3rd party wallets if they aren't capable of handling them theirself. The card is good, but the software is too plainly simple. Also the lied about 24hour support completely.
10 days ago ı bought tangem they confirmed the order but not send shipping information very bad reputation for me not even single e-mail they return no explanation
@graceandpanic9281 you can’t migrate if you setup the card using the seedless option. You’d have to transfer your crypto to the new wallet. If you had chosen the optional seed phrase method during setup, then you could simply import your seed phrase into a different wallet (assuming you’re using the new version of the cards)
I think saying that a passphrase is not critical is a dangerous thing to say. I would say that it is critical in order to protect your SEED PHRASE itself.
The other guy's videos was more accurate from my experience and use of Tangem. I've been locked out and lost funds with these crappy things. I have just bought a new Trezor 3 and it's very good. My Tangem sits in a draw and I have 2 different sets of cards. I can't trust them as support never got back to me. Ok as a gimmick but too risky. Cheap for a reason and popular because all the influencers pushing it!
Many of his statements were factually false. I’m sorry you’ve had a bad experience with the cards. But that doesn’t make his statements any more true. Personally, I’ve used my cards for over a year with minimal issues, and I use them almost daily. Many other people are happy with Tangem too. There’s a wallet for everyone. I don’t expect everyone to like Tangem. The Safe 3 is awesome
So many wrongs here 😅 Tangem with the mnemonic phrase and Tangem without one are two different things. The later can be called a hardware wallet. The former is just a fancy software wallet with a fancy card. Let's not forget what a hardware wallet is. The security narrative is that you generate the key on the secure chip and you keep the key on the secure chip. The master key never leaves the hardware wallet. When you restore a real hardware wallet, you input your mnemonic on the actual hardware wallet device - not on your phone. Tangem negates the whole concept by allowing the mnemonic input on the phone. Given that, I can just use any ordinary software wallet without any fancy cards and have the same security level. Once you drag your mnemonic through the phone, it's done !!!. Blind signing is bad. Full stop. "We are secure cos we've never been hacked before... And we've sold many wallets..." is not a proof of security 😊 it's just blah blah. Blind signing is bad and there is no way around it. "Trust our app because we think you should..." is not a security concept.
No. The private key is stored on the secure element chip inside the card. Nothing is stored on the app. Additionally, all transactions must be approved using the card (the hardware wallet), without it you CAN’T approve transaction.
@@cyberscrilla When you set up Tangem with the seed phrase option, the private key is displayed on the app on the mobile which is connected to the internet, just like a software wallet and then it transfers to the card. That's why I said, "Tangem with the mnemonic phrase option is just a software wallet with a fancy card!" Without the seed phrase option, it acts like a hardware wallet because the key is not shown in the app. "
@rukshanmanorathna6276 First off the private key is not shown. The seed phrase is. Secondly, no one can see the seed phrase but you. Once you move onto the next step, it’s completely erased and not stored anywhere, and the private key is transferred to cards. It’s a cold wallet.
dont use these cards, they are a living nightmare, my crypto have been stuck for days.. and so have many others.. they have problems all the time while other wallets work fine
What do you mean? I’ve been using mine weekly without any issues. P.S. Explaining your experience would be way more helpful than copy/pasting this same comment over and over again on my channel
I own a tangem wallet and I am not happy wit it at all I can't with draw any profits off this thing I'm soooooooo glad I didn't put all my crypto on this bs of a card
Yes you can. Maybe just not the way you want to… Not all tokens are available to sell directly from the app. So you either need to use a decentralized exchange to sell it, or send it to a centralized exchange and sell it there. It’s a user error. Not a card error. Happy to help if you want to provide more context.
🚨 Use my discount code “CYBERSCRILLA” for 10% off your order.
Peace!
- Alex
@@cyberscrilla ahead of you on that one. Thanks for the discount. My cards are already on their way. Here's hoping that I never have to find out how good their customer service is 😂.
I just got scammed using “swap” the automatic one the wallet recommended.
It substituted the amount swapped (I obviously checked the numbers) and a larger number showed up. When I checked the address it was sent to, it was one with many previous transactions that all went to zero. No better than Coinbase wallet which is full of scams.
I write Tangem. Haven’t heard back. Security is 100% compromised if you swap and likely if you connect to a third party of choice, but I didn’t do that and have a record.
I am at a loss to understand why you only have 9000 subscribers. Clear, precise, and accurate information given in a way that even I can understand. Well done. 👍
Thank you!
Compared to other niches, correct
@@cyberscrilla he said "yet" its coming, your content is fire... Also I would bet that you are Canadian or live close to them based off the way you talk.
@@edwinsparks2165 Thank you! And not really, I’m in the northwest United States lol.
@cyberscrilla oh my bad lol
Thank You. I just received my 3 cards and found you as a good source of information. Thank You again, Boomer here
Thank you for watching 🫡
I would also agree that inability to update firmware of Secure Element chip is a security advantage. The firmware only needs to provide simple APIs to phone app, such as write private key, passcode, sign, erase keys. etc. So long as there's no method to retrieve a stored private key out of SE chip, then there's no issue.
No display issue:
The SE card together with phone app makes a complete wallet system. So, the display for this wallet is basically the phone screen. I don't see the point of spending big for a fancy wallet with display and complicated user interface, when phone app can provide that front end interface that people are already familiar with.
I guess I wonder or worry that our phones track tons of data and that somehow our phones could track seed phrases or passcodes.
@yossarian67 Nope. The seed phrase isn’t stored on your phone. Also, the app is open source, meaning you can see how the code interacts with your device.
Plus Tangem has been audited by two security companies that confirmed there are no hidden vulnerabilities or backdoors.
Over 1 million Tangem wallets sold since 2017, not a single one has been hacked.
@@cyberscrilla ok… but we have to type our seed phrases on a phone. So while I trust tangem to not track it, there’s lots of evidence that phones have been backdoored by intel agencies. None of them being hacked is a great sign of course…. I guess I’m looking for possible ways they could be hacked though.
@yossarian67 IDK what to tell you. The Tangem app has never been hacked. And again, multiple security firms confirmed there are no vulnerabilities or backdoors.
@@yossarian67a degoogled phone or a new phone/reset phone that’s only used for crypto might offer more security or peace
Of mind ?
Love my tangem. Just keeps getting better with updates.😊
Agreed!
Thank you for this. Yes I was upset with what I heard from this man but you have cleared this up for me.
You are one of the biggest reasons I chose Tangem. You are very specific in the information you give out. I trust what you have to say and I’ve listened to others about Tangem.
Thanks for your info.
It’s appreciated very much
S Miller
Of course. Take everything you hear on the internet with a grain of salt. And always DYOR.
And thanks for your support
@@cyberscrilla I have 8 sets of Tangems
Number three, multi signature (edited: like a key split):
With 24 words you can do your own multi signature and don't need a third party, you could split 50/50 the words between writing them down for your own household safe and the other half at a bank safe.
Additionally I would have an electronic storage split backup:
Half the words in a password manager, and half the words on an air gapped device.
Your phone leaves your house everyday as it should as part of this security permutation should have the 12 words that "match" the 12 in your bank, meaning different to complete the 24. This way if you lose your two at home on a device and in the safe. You still have the backup between your bank and phone, and if you lose any one of the four 12 words the other three sets will cover you.
And get a gun
I do not agree with this. I’d never recommend storing your seed phrase anywhere online, including a password manager.
Also, that’s not multisig.
@@cyberscrilla
You're not storing your seed phrase online. Half of it but you even said in this video that 12 words is more than enough security. Nobody's going to guess a series of 256 zeros and ones.
How do you figure it's not multi signature when you are splitting the seed phrase?
Why can't you look at it in terms of from the hacker point of view? Effectively they would need two keys. SHA 256 * 2.
12 words is secure. Doesn’t mean you should store it online.
Multisig involves multiple parties or keys being required to authorize a transaction.
What you described involves splitting a single key or seed phrase into multiple parts for redundancy and security.
It's a form of backup and redundancy rather than multisig.
What you described is more like Shamir backup 👍
@@cyberscrilla
Part 2
Technically you can say you are right, but the level of security with a split 24 word phrase operates as secure as a 12 word phrase given the hacker has gotten into one of the four backups I have set up which I guess your biggest worry would be the password manager.
Multi-signature refers to requiring multiple keys to authorize a Bitcoin transaction, rather than a single signature from one key. So I get it's not two signatures, but let's say he gets both halves of my private key and all 24 words, is that really any different security wise doing one signature or two with two different 12 word sets? He would have both anyway so it's a meaningless distinction and the technicality doesn't matter
I would also add that it is as secure as multi signature but you don't need two or more signatures. But the separation of half your seed phrase acts just as secure as two different signatures even though you only need one when combining the other half. I see no security difference between having one signature and having a split seed phrase compared to two 12 word seed phrases that require two signatures as multisig.
The main point here is to not have a single point of failure by having your whole seed phrase whether 12 or 24 words in one place.
@@cyberscrilla
Yeah I guess that would be a better name for it for sure
Split key
And it's actually what I do instead of the bother of Shamir, avoiding Shamir
I saw the video, he seemed like he had 0.0 understanding of how Tangem or really any cold storage work.
Thanks for this video..very great content....I did see that guy's video and I felt I wasted my money.
We appreciate you 💯💯💯
Thanks for watching. That video is pure FUD lol.
If i set seed phrase, do i need to put it in everytime when i want to acces the wallet, or the cards enough, and phrase is just for security??? Thank you for the answer😊
No you don’t have to enter it every time to
access the wallet. It’s the same as any crypto wallet. You only enter it to initially access the wallet
THANK YOU for setting the record straight with truth & not FUD.. I was dead set on getting my 1st crypto wallet by buying The OneKey Classic.. But, after watching this video, Tangem is definitely making that decision difficult.. lol..
👍 Both are great choices imo. However, I’d recommend the Onekey Classic 1S if you go that route.
@@cyberscrilla do you have a link, where I can use your discount code?
thank you for this video man i just ordered the wallet using your code! God bless you!!
Awesome, thank you for watching! Enjoy your wallet
Why Trezor is fully open source but Tangem is not? Both are using the same chip , why Trezor is allowed to open source it but Tangem not?
wait till screen, battery, usb port get damaged and no backup whatsoever
for me, i prefer TRNG instead of seed phrase so i would buy 3 set of cards
the most misinformation being told is that Tangem app might be removed from app/playstore
What screen, battery, and USB port are your referring to? Tangem has none of those features.
As I’m sure you know, the Tangem app is open source, thus it can be recreated even if it ceases to exist on an app store
@@cyberscrillano, not about tangem, i referred to that guy who told misinformation about Tangem wallet
i watched his entire video, and thing he said that "Tangem doesnt have screen so it can't doubled verified the received address prior to signing the transaction, and malicious code could alter the receiver address on the app"
totally non-sense 🤣🤣🤣
Excellent. Would Tangem be a wallet a large holder of Bitcoin would use as their main storage? What would you use if Bitcoin went to $1million? Would you still be happy with Tangem or would you prefer something else?
Personally, I’d either use a bitcoin only wallet like BitBox or a wallet like the Trezor Safe 3 with bitcoin only firmware.
If Tangem came out with a BTC only edition, I’d use that.
@@cyberscrilla Thanks for the candid reply. What do you think of Blockstream Jade that Bitcoin University recommends?
Cold card
Another solid option for sure.
My token i want to move to my home screen say it is unreachable. What do I do
Hi thanks for you info. I just bought the tangem (after seeing your videos) I currently use ledger. I can just import the ledger seed phrase and the same seed phrase will be on both devices? And my crypto will also be available on both? Is that type of backup recommended?
I think it's recommended to create a new seed phrase on tangem and then transfer your crypto from your ledger to your new tangem wallet. The private key generated on the ledger can't be trusted now because of the new ledger firmware update. So it's best to not use that private key and create a new one. You backup is your seed phrase. As long as you have your seed phrase, you can access your wallet.
@maplenerd22 spot on
dont use these cards, they are a living nightmare, my crypto have been stuck for days.. and so have many others..
they have problems all the time while other wallets work fine
I am excited to get mine, it is the white set, I may get the black set as well so that I can easily differentiate them
That’s a good idea actually
New to this and I’m still confused about what’s the best cold wallet! I did order the Tangem cards then actually watch that gentleman’s video after receiving them. I hesitated activating my cards, but I will give them a try! Thank you!!
Safepal and Onekey are pretty cool too
@@Juan-sq9hb I Will look into it, thank you so much, appreciate it!
Best is subjective. There are many great options, all with their own pros and cons.
Tangem is great for many reasons. It’s secure and extremely beginner friendly.
I also enjoy Onekey and Trezor wallets.
@@cyberscrilla you are so helpful I love your channel, thank you so much!!!
@@Juan-sq9hb thank you!!
99% of thefts from other wallets seems to be from people not securing their seed phrase properly (which is a massive risk) Tangem removes this risk. Just store your cards in 2 or 3 separate locations
More so from clicking on phishing links. Which any wallet is susceptible to.
I prefer to know my seed phrase.
Would I be correct in saying that the problem with Tangem is that if a person had say 10 BTC and wanted to send $10 to a friend ALL 10 BTC would disappear from the Tangem for a short time because of the way UTXOs work?
To be honest I feel like importing seed phrases to the card via your phone decreases your trust as it could be viewed somehow by hackers if you have malware on your phone am I right? That's why if they add a screen to their card you have the option to confirm the seed phrase via the card screen without having to reveal it outside the card.
I covered this in the video when talking about the app and malware.
I think not having screen to recheck the sending or receiving address. Is a concern for me as well. It’s not as secure as the hardware wallets that have the screen for sure.
In the end, it comes down to how paranoid you are.
Ink display longer should be NFC....direct for.....verifying Tandem App.....signing verification matching.😊😊....ink display should be already an isolated verification tool since credit card size is essential without battery or chip only cards AN
Ink display should be longer and on a separate credit card via WIRELESS powered Credit card size
INK display PAD.
Genious😊😊😊..Mr Moto.
Yo man at the end of the day will you be ok if you have your seed phrase but you forgot your access code..?
Yes. Seed phrase is the key to your wallet.
Thank you for clarifying this.
After watching this video, I am more convinced that the other guy was quite right to point out many of the drawbacks. I think this guy takes too casual a view of several matters including lack of passphrases, lack of firmware updates and single receiving address. Ignore these at your peril!
This dude obviously got paid so it says a lot
Exactly. Absolutely nothing was "debunked". You could say this video added more context, but that's it. He starts each point with essentially agreeing with the original.
Nice explanation ❤ I am alredy watch this video earlier. literally 😲
Can you check with Tangem when the multiple public addresses will be released? That's something pretty important for me
I shared all the details in this video:
Tangem Reveals HUGE Updates & NEW Products!
ua-cam.com/video/uPw0P9mei50/v-deo.html
Great video! When is the “Ring” wallet coming out?
Thanks! Q4 likely
Saw your video after seeing his.......
Ordered with your link
Subscribed to tour channel
Thanks for everything 👍
You rock! Thank you
He also said that if you use a tengem generated seed phrase you couldn't import the seed phrase to another wallet if you lose the cards. Is that true
That’s not true.
Question.. im Canadian and have deposited Doge to tangem. In order for ne to receive CAD to my bank do i need to send it back to an exhange, sell for USD, convert to CAD and finally withdrawal? Is it possible or worth it to just swap to BTC through tangem then send to my Shakepay? Thanks!!
Thank you! 🤗
hi,
I have pack of 2 cards, now I wont pack of 3, how can transfer to pack of 3
Tangem is great if you live nomadic without a base. Small lightweight and no paper with seed in your bag someone could take in a Hostel. But, all cards at the Same place is bad...
I did set up Tangem without seed phrase, but after I hear that a 24 Word Phrase would work, I thought I should Change it and import one of the BIP 85 children into it. Is it possible to reset the card and do it with a seed phrase?
I want to set up a Sparrow Wallet with multisig, so I could use Tangem as a signer! How?
Tangem I didn't try, I thought it wont work. My SafePal I tried and it failed. You say I could use any wallet, could you explain how? Make a Video about it!
I liked his video. He brought up a lot of good points. He’s just trying to help people.
Perhaps, but it was not a well researched video, and it came off as very fear based.
I don’t think he’s trying to help people as much as he is trying to get views.
Otherwise more effort would have been put into providing accurate info.
How do you have access to updates? Through the app? Or you buy new cards?
Just update the app on your phone. Super simple
Question,
If you use the old Tantrum wallet without the seed phrase and the app malfunctions, somehow, can you get locked out of your coins??????
I guess idk what you mean by the app malfunctions. As long as you have the app on your phone you can send crypto. You can also download the app from GitHub.
That said, I always recommend knowing your seed phrase so you don’t have to worry about the app. Might be worth upgrading to the new Tangem wallet.
Tangem is a GAMECHANGER…
I’ve Reccomended it to at least 15 people and they love it 👌
I love to hear this! Keep up the good work!
One seldomly writes down their seed phrase more times and hides them in 3 different places .. to me 3 cards are like 3 lists except if one gets found, nobody can steal my btc
How safe is tangem when buying and sending crypto from dex to tangem wallet? it becomes a hot wallet then? because using it online.
That’s not how it works. The private key is still stored on the card, which makes it secure.
The risk (with ANY wallet) is potentially connecting it to a malicious website and handing over access to your wallet.
Appreciate this video, my friends use NO Seed Phrase they are good with that!
Thanks for watching. I prefer to know my seed personally.
Can I swap between crypto within my tangem app?
Also, can the card itself be stored somewhere that might be a hotter place.
Thank you!
Yes you can. I think you watched my most recent video about swapping already.
And sure, the Tangem wallet is resistant to extreme temperatures. So storing it in a warmer location shouldn’t be an issue
Thanks to you, I ordered a Tangem wallet. I recently received it and I have started transferring BTC from my two exchanges. It’s frustrating that they limit the amount you can transfer every 24 hours.
Question: while the amount that can be transferred FROM the exchanges to the wallet is limited per day, how does it work inn the reverse? When it’s time to transfer BTC from my Tangem wallet to an exchange to sell, can I move it all…or will the amount be limited again?
Thanks so much!
There’s no limit to how much crypto you can transfer to an exchange, but there are generally withdrawal limits.
So just because you can transfer $100k worth of BTC to an exchange doesn’t mean you can withdraw it all that day.
I’d check the terms of whatever exchange you’re using.
@@cyberscrillawhat do you think about trezor? Has it ever been hacked?
There has been one case of the Trezor Model T being hacked years ago.
“Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet”.
However, the hack could have been prevented if the wallet had a strong password enabled.
That said, the new Trezor Safe 3 is not prone to that hack since it has a secure element chip.
The attack was a RDP downgrade attack requiring physical theft of the device and extremely sophisticated technological knowledge and advanced equipment.
All that said, I like Trezor’s products and would recommend the Safe 3.
@@cyberscrilla good to know. And thank you for your reply. Really enjoy your content
@Ghostarrow_360 thank you!!
I'm glad u making a video. Clarifying the other video, I wrote a comment on his video. A lot of things he was saying are false
Saw that video but having watched many videos researching Tangem wallets I was only worried about his customer care problem.
Tangem has some of the best customer service in the industry.
For most companies in crypto, customer service is basically non-existent in my experience.
Tangem on the other hand, has been very responsive.
Well, i did something rare, subscribed for life! 🎉 You're good!
Wow, thanks!!
700th like. I just this guy the other day & it threw me off after watching a couple of yours
Thanks for watching and liking!!
Ive read about tangem transaction fees are higher than other cold wallets? Can you share more information about the fees you pay on tangem wallet
Tangem doesn’t charge transaction fees.
Those fees are charged by whichever blockchain you’re transacting on.
Or if you’re swapping, those fees are charged by the third party party aggregator.
Tangem does not charge any fees
Great video, simple question, can your transfer your crypto from any hardware wallet to a different brand using your seed phrase? Can anyone help answer this please!
Thanks! A couple things, transferring crypto is different than importing a seed phrase.
You can transfer your crypto from Tamgem to any wallet/vice versa.
You can also take your seed phrase from Tamgem and import it into another brand of hardware wallet, allowing you to access your entire crypto portfolio on that wallet.
@@cyberscrilla Thank you so much! Trezor told me you can only use your seed phrase with another Trezor hardware wallet, i.e. you can only use your seed phrase to access your crypto using the same hardware wallet brand !
I really like the Tangem wallet. Extremely easy to set up and use. HOWEVER, be very careful about which network you use to move your coins. Tangem doesn’t support Base Network which is becoming more and more popular. I have a small amount of coins sitting on the blockchain until Tangem supports Base. Thank goodness I only tried to move a small about bc if it were more, I would be panicked.
Yep, regardless of any wallet you’re using, always understand what chain you’re sending crypto on and ensure your wallet supports that chain
Got my Tangem 2.0, waiting for PulseChain support. I will begin to use it with degen plays, I like to know my seed and passphrase and not knowing it kinda drives me insane. Trust vs Verify.
I disagree
I'm using tangem wallet, cards with seed phrase, and recently got software update notification along with all the other apps on my phone. Is it safe to update tangem wallet software?
Of course.. why wouldn’t it be?
Sorry - this guy speaks more like a salesman than a proper reviewer. Dangerous
“Proper reviewer” lol
If Tangem ceases to exist and you don't have the seed phrase version of Tangem, how do you get your funds?
The previously installed app on your device will be available if the ability to download it from App Store/Google Play suddenly disappears.
The app works independently of Tangem's servers and will continue to work even if the company shuts everything down. You can also always download the Tangem app on GitHub.
very helpful as usual. Thanks
Hey, thanks for watching!
- Alex
Hello, if my telefone broke i can scaning the tangem in new telefone? thanks.
Correct. Using the new phone, you’d download the Tangem app, scan your cards, and enter your custom access code to recover your wallet on the new phone.
can you tell us how reset a Tangem Wallet 2.0 to use as a new wallet?
Are you currently using it as a seedless wallet with crypto on it?
If so, you need to transfer your crypto to a new wallet before resetting it otherwise you’ll lose your crypto.
This is how to factory reset it:
1. Open the Tangem app and press the three dots in the upper right corner of the screen.
2. Press Card Settings.
3. On the screen that appears, press the Scan the Card and scan the card you want to reset.
4. On the Card settings page, tap Reset to Factory Settings.
@@cyberscrilla I did configure with secreet seeds!
I like tangem so far, of all these issues only a new address when you want is required
Does Tangem have any real customer services support? I tried looking over at their website but could not find any contact details such as a support email address. I want to ask how I can order the black Tangem instead of the current white special edition sets. How can I contact them?
Yes they have a support page in their website.
But you can order the black version directly on their site: tangem.com/en/pricing/?promocode=Cyberscrilla#pricing
This link includes my 10% discount as well 👍
Thanks for your video on the Tangem . I will keep it.
Thanks for watching Robin!
If the firmware cannot be upgraded, the new features gonna be in the app only or they releasing new cards?
You won’t need to buy new cards. All the new features will be in the app. So you’ll just have to update the Tangem app
still waiting for my 3 cards to arrive been like over a month super super slow delivery but I agree the wallet looks robust!
Interesting, I ordered another set two days ago and it’s being delivered today. You have a tracking number right?
yes I do however I do live in a werid are of UK. bought it with your link if I remember corectly so I am 100% that the website was legit. infact I bought it after watching good few of your vids :)@@cyberscrilla
dont use these cards, they are a living nightmare, my crypto have been stuck for days.. and so have many others..
they have problems all the time while other wallets work fine
Tomorrow, I will get a Tangem wallet, but I will wait for the April update to create a 24-word phrase (256-bit). And after that bye bye ledger 😊
Nice! You could also create a 24 word seed phrase using another wallet and import it into Tangem, no need to wait if you don’t want as Tangem already supports importing 24 word phrases.
@cyberscrilla I can create a ledger after resetting him , but I don't trust ledgers anymore, so I will wait🥰
@greegp7400 Understandable 🤝
i watched his video right afer your review of the wallet he was fos have you looked at the titian from ellipal
Peek into his other reviews...this is what he does:)
Yes, I have the Titan mini and Titan 2.0. Both decent wallets. But the Titan 2.0 has some issues regarding updating the firmware via the micro sd card. If takes some finagling
How much do you pay in fees to move BTC to a wallet?
I’ve already responded to your other comment.
Blockchain fees constantly fluctuate based on network congestion. Right now it'll cost about $7-15.
Tangem doesn’t charge transfer fees.
I have a Trezor and I don’t use a passphrase.
Great help thanks
Thanks for watching Glen!
@@cyberscrilla best advice out there thank you
How do we know when to update our wallet.
When your phone tells you to update the app. Just like any app that’s on your phone. Or you can turn on automatic updates.
You don’t update the wallet. Just the app
@@cyberscrilla So do I turn on automatic updates within the Play Store ( from where I downloaded the App), or on my phone (within the downloaded Tangem App)?
Does your seed hit the device, not the tangem one
What do you mean?
@@cyberscrilla how does it give you the seed, on the app?
The wallet’s software randomly selects 12 random words from a wordlist containing 2048 words based on the BIP39 seed phrase standard.
The software converts the chosen string of words into a binary seed, which it uses to generate a set of private keys and public address pairings.
The private keys are then uploaded and stored on the Tangem cards.
@@cyberscrilla Thanks man, good work on educating
🫡 thank you
sir can you do a video about derivation path
What about it?
@@cyberscrilla bip39 and bip 84 they have different address but same seephrase
Ok perfecto ...pero si hace lo mismo que trustwallet para que gastar dinero en esa Tangen Wallet?
Trust Wallet es una cartera de software, Tangem es una cartera de hardware.
Tangem es mas seguro..
I just pulled the trigger and got the limited edition bitcoin pizza card ❤
Awesome!!
Amazing question!!
Great video!! what if my phone gets hacked? can you talk about that👍
I talked about that in this video
@@cyberscrilla #8
COOL VIDEO!
are you part of the tangem team?
Nope
It wasnt misinformation, lots of the drawbacks you said you guys are going to add the features so the video is correct. As of when he recorded hes talking about the current tangem wallet, not the future one with better features. And also that was a terrible answer about no screen display. Remove all trust, doesnt matter how theyve never been hacked or what audits they have, a screen is 100x better than no screen. Dont trust, verify.
Sure, he made points on SOME things that aren’t available yet.
But that doesn’t change the fact that SOME things he said was inaccurate, so
I wanted to correct him.
Also, there is always some level of trust. You’re either trusting the hardware wallet company, an auditor, or yourself (assuming the code is open source and you know how to read code).
if i buy 3 cards, can i use it for 3 people? not for bck up.
That's a bad idea because if 1 card goes bad, you could lose all your crypto, depending on which seed phrase option you chose.. And yes, people have reported their cards going bad.
I mean you can give each person a card. But you can only have one wallet per 3 cards.
@@cyberscrilla ok got it only one wallet/ 3 cards (pack). Can we use 3 different smartphones for each card ?
@@ghifarimubarak7730 you can use as many phones as you want for all the cards. You’ll just need to know the access code when accessing the wallet on each new device.
Thanks!
You bet! 👍
I saw his video and it sucks, he has zero tech knowledge. Thanks for your clarification!
You said at one video that if you buy the 3 card tangem and you use just the 2 of them you can not do something with the last one. But you can, if you make a wallet then you can erase the 2 of the cards and leave just one inside, then you can make an other wallet with the other 2 😁😂 I hacked the system
Of course. That’s the case for any wallet that utilizes a seed phrase. It’s just not convenient
No pass phase must be a deal breaker.
-This is giving you no seed generation entropy protection or a bad actor using a set pool of seed words created.
-No seed collision protection, due to above issue.
-If your seed word card is found or stolen, this gives you time to move your crypto.
First off, Tangem does support importing a passphrase (hidden wallet).
Now addressing your concerns.
1. Tangem uses BIP39 (just like most cold wallets) which ensures high entropy during seed generation, making the seed phrases highly secure and resistant to brute-force attacks.
2. Given the large number of possible combinations (for a 24-word BIP39 phrase, it’s 6.24^24), this is extremely unlikely.
To put this into perspective, that’s a 1 followed by 79 zeros:
115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936.
3. I don’t see what the issue is here? If your card is stolen nothing happens because your cards are protected by your own unique access code that you create when you setup the wallet.
Hopefully this clears any confusion for you.
- Alex
@@cyberscrilla yes, always claimed high entropy - passphrase removes this trust of any error applied to the TRNG or firmware applying a set value to narrow the entropy. Even hardware wallets have had issues creating perfect entropy in the past, software wallets have always have a poor history.
Claimed and confirmed. Tangem’s firmware has been audited by multiple security firms. Tangem is as legit as it gets my friend.
It need trust on Software. We can't be 100% sure it ill free of problem in the future even if it is opensource. I have Tangem and like it but I don't fully trust their software, not from security side, but from bugs that could be potentially huge risk. They need to boast their budget to make the software so it will actually capable of handling various network without put the blame on "Congestion". Or otherwise they should make support of 3rd party wallets if they aren't capable of handling them theirself. The card is good, but the software is too plainly simple. Also the lied about 24hour support completely.
So whose software do you fully trust?
I need 24 word seeds yes😊
So you need to also buy a separate phone since there are a lot of invasive apps like Uber and doordash. People have over 100+ app on phones these days
No? Other apps don’t interact with Tangem which is verifiable because the Tangem app is 100% open source
another critidism is its not a bitcoin only wallet.
That’s a given.
10 days ago ı bought tangem they confirmed the order but not send shipping information very bad reputation for me not even single e-mail they return no explanation
You’ll receive it your cards wouldn’t worry. Send them your order number and they can help you.
Support@tangem(dot)com
Good stuff thnx for the info.I’m more happy now
@@cyberscrillaso how do migrate to another wallet since the Tangem I have randomly generated a seed phrase that isn’t visible?
@graceandpanic9281 you can’t migrate if you setup the card using the seedless option. You’d have to transfer your crypto to the new wallet.
If you had chosen the optional seed phrase method during setup, then you could simply import your seed phrase into a different wallet (assuming you’re using the new version of the cards)
Doesn't accept ICP
Tangem already announced support for
ICP is coming May/June
@@cyberscrilla How will this help the new cards I just received?
I think saying that a passphrase is not critical is a dangerous thing to say. I would say that it is critical in order to protect your SEED PHRASE itself.
So basically nothing the other guy said was outright false, but was either "feature coming" or "not really important to me".
No. He made false statements plain and clear as well. Simple lack of research on his end
😍😍😍🤑🤑🤑😍😍😍 I got 5 set of tangem
Ballin 😎
The other guy's videos was more accurate from my experience and use of Tangem. I've been locked out and lost funds with these crappy things. I have just bought a new Trezor 3 and it's very good. My Tangem sits in a draw and I have 2 different sets of cards. I can't trust them as support never got back to me. Ok as a gimmick but too risky. Cheap for a reason and popular because all the influencers pushing it!
Many of his statements were factually false.
I’m sorry you’ve had a bad experience with the cards.
But that doesn’t make his statements any more true.
Personally, I’ve used my cards for over a year with minimal issues, and I use them almost daily.
Many other people are happy with Tangem too.
There’s a wallet for everyone. I don’t expect everyone to like Tangem.
The Safe 3 is awesome
So many wrongs here 😅
Tangem with the mnemonic phrase and Tangem without one are two different things.
The later can be called a hardware wallet. The former is just a fancy software wallet with a fancy card.
Let's not forget what a hardware wallet is. The security narrative is that you generate the key on the secure chip and you keep the key on the secure chip. The master key never leaves the hardware wallet.
When you restore a real hardware wallet, you input your mnemonic on the actual hardware wallet device - not on your phone.
Tangem negates the whole concept by allowing the mnemonic input on the phone. Given that, I can just use any ordinary software wallet without any fancy cards and have the same security level.
Once you drag your mnemonic through the phone, it's done !!!.
Blind signing is bad. Full stop.
"We are secure cos we've never been hacked before... And we've sold many wallets..." is not a proof of security 😊 it's just blah blah.
Blind signing is bad and there is no way around it. "Trust our app because we think you should..." is not a security concept.
Incorrect
@@cyberscrilla 100% correct! Tangem with the mnemonic phrase is just a software wallet with a fancy card!
No. The private key is stored on the secure element chip inside the card. Nothing is stored on the app. Additionally, all transactions must be approved using the card (the hardware wallet), without it you CAN’T approve transaction.
@@cyberscrilla When you set up Tangem with the seed phrase option, the private key is displayed on the app on the mobile which is connected to the internet, just like a software wallet and then it transfers to the card. That's why I said, "Tangem with the mnemonic phrase option is just a software wallet with a fancy card!" Without the seed phrase option, it acts like a hardware wallet because the key is not shown in the app.
"
@rukshanmanorathna6276 First off the private key is not shown. The seed phrase is. Secondly, no one can see the seed phrase but you. Once you move onto the next step, it’s completely erased and not stored anywhere, and the private key is transferred to cards. It’s a cold wallet.
dont use these cards, they are a living nightmare, my crypto have been stuck for days.. and so have many others..
they have problems all the time while other wallets work fine
What do you mean? I’ve been using mine weekly without any issues.
P.S. Explaining your experience would be way more helpful than copy/pasting this same comment over and over again on my channel
I own a tangem wallet and I am not happy wit it at all I can't with draw any profits off this thing I'm soooooooo glad I didn't put all my crypto on this bs of a card
Yes you can. Maybe just not the way you want to…
Not all tokens are available to sell directly from the app.
So you either need to use a decentralized exchange to sell it, or send it to a centralized exchange and sell it there.
It’s a user error. Not a card error. Happy to help if you want to provide more context.
STOP PAYING TO HAVE THIS VIDEO SERVED UP! ANNOYING
🤣 I’ve never paid to have this video served. It would tell you if it was a paid promotion. That’s the UA-cam algorithm doing its job
You have to be really stupid to lose 3 cards…..😂😂😂😅😅