15 Crucial Things about Tangem Wallet You Need to Know | Explained
Вставка
- Опубліковано 1 сер 2024
- Is Tangem Wallet safe? Can Tangem wallet be hacked? What is safer the Seed Phrase or Default Setup method? Tangem vs. Ledger? In this Tangem wallet review, I will provide answers to all the tricky questions about this hardware wallet.
📍 Official Tangem Website:
💾 Tangem: bit.ly/47RgLUf
Also fell free to ask me any questions in the comments below and I'll answer them all.
📍 Where you can Safely Buy Crypto:
💰 Robinhood (Free 10 EUR): bit.ly/46IsO5y
💰 Coinbase (Free 10$): bit.ly/3XmXKVc
💰 OKX (bonus up to $2000 in crypto): bit.ly/3nhNj4G
❣️ Ask You Any Private Question:
For a Small Donation: bit.ly/47YxfKo
⚠️ Non-Investment Inquiries Only
00:00 Start Here
00:35 What if Tangem goes bankrupt?
01:27 What if someone steals or finds my Tangem wallet?
02:09 Tangem vs. Ledger
02:30 Can I use every card as a separate wallet?
02:50 Seed Phrase vs. No Seed Phrase
03:40 Could the Tangem access my wallet?
04:02 What if a forget everything my wallet?
04:19 How to I make sure I have the original wallet?
05:20 Where to buy Tangem?
05:41 Is it possible secure an existing wallet with Tangem?
06:34 How to move a Billion using Tangem?
08:12 Can you stake on Tangem wallet?
08:33 How can people steal money from Tangem?
09:30 Is Tangem open source?
10:00 Sould I but a set of 2 cards or a set of 3 cards?
10:23 Can I transfer my Seed Phrase from Tangem?
10:52 Is Tangem a good option for beginners?
⚠️ Disclaimer: I’m not financial advisors. The content in this video is for educational purposes only and merely cite my own personal opinion. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
Enjoy a 10% discount on any Tangem order: bit.ly/47RgLUf
Promo code: Mikita
what about if you lost all 3 cards how can you recover your wallet then?
@@MichaelKoubclasher looks like it's done. Better to go with seed phrase
@@TheArmanist looks like is done what?
@@MichaelKoubclasher you will lost your crypto
@@TheArmanist ok that what you should said in the beginning not that it is done. I was like is done what exactly hahah
The Access code isn't limited to six digits. The access code can consist of letters, digits or special symbols and can be any length
Good point 👍🏻
Thanks
Good info, thanks! I was looking to get those Tangem cards, and watching your video was a perfect timing. Going to use your referral code as well ;)
Ledger had too many "oopsies" for it to be trusted
With more than five million customers.......
Great video Mikita!
Thank you
I love your sense of humor! It implies intelligence. I am a new subscriber!
Thanks
You are brilliant Mikita, thank you
Thank you too!
I just ordered (3) Tangem cards. After doing some research I believe they'll work fine for me.
Thank you for this video, really helpful 😍
Glad it was helpful!
Just ordered one with your Discount code
Hi Mikita. You mentioned that a person can reset your access code if they find two
of your backup cards - so you suggested keeping the two backup cards in separate
places. Why is this possible?
What about if they have your primary card and only one of your backup cards? Is the
vulnerability the same in this case?
Hi Mikita
Can you do a video on how to stake Crypto using the Tangem wallet?
Thanx
Thanks for sharing.
Can you do a video on UTXO management with Tangem? Can Tangem generate different wallet addresses? I'm a new guy to crypto, and Tangem is my first cold storage solution. I've got it setup and sent my first transactions to it, just want to make sure I don't screw myself somehow with UTXO's, but I'm not entirely sure how to manage them yet in Tangem. Sparrow has a nice desktop UI that lets you "select all" and send them to yourself to create 1 UTXO, as well as generating new addresses for each time you receive crypto to it. But I can't figure any of that out on Tangem yet.
What about using Face ID instead of the card and access code?
Very good explanation.
Thank you 🙏🏻
You can disable the reset access code function.
how to create an invoice in Tandem wallet to receive BTC via the lightning network from coinbase?
Thanks for all these question -> answer pairs :) I have a question. If each card is a backup, how do they know what is my account filled with?
Example: I just transferred new tokens to my account. I lost the phone, then installed app again, restored account. Now, does it matter which backup cards I used to recover? how these cards know what was inside my wallet if I did not use them to authorise last transactions? I'm a newbie, Thanks!
Question, If i configure my tangem WITHOUT seedphrase, then there wont be any possibility for me to export out to any other hard wallet in the future? So to be safe, it is better to have seedphrase i suppose? TQ!
so basically tangem is hot wallet not cold, the only thing is stored in cold place (on card) is the private key which is not in case of other cold wallets like leger? or I'm missing something?
thx for the video so useful
Glad it helped
What if your phone broke? can you install Tangem app and still use your old cards and still have access to your crypto? Or is it only on the phone originally installed?
Хорошее видео! 💪красавчик!
Access Code reset with two cards can be disabled since version 2.0
Yes, I think they added recently that feature
Mikita, cool Belarusian accent! 💕☮🌎🌌
Haha, thanks ☺️
When’s the ring wallet coming out in the U.K. ?
Unfortunately, I don’t know. But as soon as it will be released I’ll make video review for sure
How often can you get you passcode wrong with Tangem
When you mentioned about the backup cards can be used to reset and get access to our funds. Could you elaborate more about it, so we can prevent it. By the way, thank you for the video, out there are tons of video of tangem, but no one has this such amazing information
Yes I don't understand either, if that the case it's very big flaw
I'll cover this topic in the next video
Very nice explanation :-) May I ask you how you buy crypto? Do you swap inside Tangem, or do you transfer let's say USDT to an exchange and then buy from there?
I use the second option. Buy on an exchange, and then transfer crypto back
How would you take profits through the tangem third party's or back on to the exchange
@@Mikita101 I made the mistake of buying on etoro some crypto assets I can't put to my cold wallet soooooo annoying 😑 any idea's
@@prestonmcgurk4772 Dump those assests them buy elsewere
@@prestonmcgurk4772eToro you don’t really have your cryptos
Thanks Mr Mikita For Making 🇯🇵 Crypto 🇬🇧 Great 🇮🇹 Again 🇫🇷 In 2024 🐉🐉 From Aotearoa 🇳🇿
Nice one. Keep updates on Tangem Pay, Tangem Ring and Tangem Staking
Thanks, will do!
@@Mikita101 also the series about crypto investing for beginners - where to look to make DYR, all of that 👍
I’m editing video about DYR right now 👋🏻
You say "Never expose your private keys to your digital devices that are connected to the internet" - when I set up a new Tangem wallet and want to use the seedphrase option - am I not doing exactely that (since the physical wallet does not have a display). Because my seedphrase will be shown in the Tangem app, right?
Can you use the seed phrase option without a network?
How many guesses do they have for the 6 digit access code?
2 billion I think if my math is correct
Молодець....
Good idea after setup, put phone on Airplane ✈️ mode, then reset code. You never know if something is key logging.
Yes, but it think if you have keylogger, it may store data somewhere until you connect to the internet
I can't believe Ledger is still being discussed. They are like LastPass, they have been compromised.
Indeed. Years ago there was a Ledger hack that didn't compromise the wallet itself, but the hackers were able to get a list of all ledger users. I have been getting phishing and all kinds of other emails from various sources trying to scam me. Extremely annoying and possibly devastating. Ledger, for that reason alone, is just not secure, and it appears they are playing ball with the banking cartels.
I still have it and it works great
@@bobbybanks77 okkey
The Ledger hardware was never compromised / hacked. The customer database was.
@@MyTube4Utoo True, and now I've been getting spam and Phishing mail daily. It's a major hassle, that should never have been an issue for customers. Inexcusable.
And what if the app gets deleted, the software/githubb publication gets hacked or deleted.. then i assume you are screwed!
This guy has a great accent
Haha 😂 thanks
Can i install the wallet app in multiple phones?
Yes, you can
only problem of this wallet is to loose all 3 cards or someone to find all 3 cards.The rest i dont see its any isue?some people think that card could stop working and you loose backup in this case,But did in any case that card just stopped working,as far as i know they are extremly durable.
Yup, but if you loose you seed phrase - you also loose everything. And here you have 3 chances.
It’s durable and feels like really high quality plastic, I think there is a very small chance that 3 cards will stop working at the same time.
If something happened to software, you fucked
It is at the bottom of the security ranking.
What if someone steals one of my cards and resets the Access Code (deleting all data / crypto), will this also delete data from my 2 other cards ?
In order to reset the access code, someone should have two of your cards and should've opted for access code change in any two of them.
@@SaiRam-tp3pz Thats not my point, what I was saying if thief resets the card to factory settings ( creates new wallet ) will other two cards reset as well ?
How to move wallet from uphold to Tangem, is that possible?
You forgot to mention the outrageous fees transferring to and from exchanges. If you are fortunate enough to have one, try transferring 1BTC to and from your wallet. Now how much did that just cost you? Even worse, the fees incurred are NOT tax deductible in Australia. Such are the costs of security…..
Do you mean transaction fee of the Bitcoin blockchain? Tangem doesn’t get anything from this type of fees
Irrelevant who gets the fees, fees are fees! And NO tax deduction for such……
I thought the whole point of using Tangem was to NOT have a seed phrase....
This is best think to be honest
No accessible seed phrase is tamgem’s preferred method but customer feedback led them to create the option. You can then basically order unlimited sets of cards and tie them to your seed phrase.
Can I use tangem in every country
Sure
Can you make a video of the two set of three cards. I’m not completely certain of your explanation. Would you I put my ledger seed phrase in all 6 cards? What if I’m using my 25th word seed phrase on ledger?
What about the 2000Euro max value rule???
Makes sense, but I’d rather to apply that rule to ‘hot wallets’ like MetaMask or Trust Wallet.
Tangem is a hardware wallet; I think 10-20k is okay here. However, everyone decides for themselves.
@@Mikita101 read the terms and conditions of the card on the app section 5.5 specifically
@@Mikita101 in the terms of service (5.5) Tangem states a single card shall never store a value of more than EUR 2000.00. If I store 10,000 - 20,000 wouldn't I be violating the terms of service?
I would rather use an old phone without connection and only use it as hardware wallet than paying for a ledger.
And then the phone one day decides to sleep for eternity?
Could you sell crypto directly from Tangem wallet?
Yes, via 3rd party partners
are the fees high sending to and from the tangem wallet?
You don’t pay any fees specifically to Tangem. The only fees you incur during transactions are the blockchain transaction fees, which depend on the blockchain you use.
ETH = expensive
Tron / Solana / Cosmos / Near / … = cheap
There was a fee somewhere. It said.4 percent of what you’re sending. If I knew about it I might have chosen a different wallet. But overall I’m happy.
I think, you are talking about swap fees, if found that 0,35% goes to Tangem. But you don’t have to use in-app swap/buy/sell features.
For example I almost always do all transactions on an exchange without any fees
@@Mikita101 yeah I think your right. I was playing around with the wallet. This was during the time of the high fees. So I was trying to figure out why I was getting different prices with this wallet. Is that normal practice for most wallets? This is my fist one. So I wasn’t sure. Thanks for the response.
Cant wait for the Q1 Bitcoin sale!! Deep discounts on Bitcoin guaranteed incoming SOON, before the end of Q1 2024. Wait until Bitcoin drops under $35K then push every available dollar into Bitcoin and HODL strong a minimum of 5 years before selling it. If we all refuse to sell (solidarity!! 👊) due to scarcity, the institutional investors and hedge funds will be forced to drive prices even higher in their effort to buy more.
Go with cold card for Bitcoin...
Make sure you are air gapped...
Keystone...
Tangem for smaller amounts... Because it doesn't have ideal security.
I chose not to create a seed phrase, due to the fact that tangem only offer 12 words and it is not possible to create a passphrase
Use a bip39 random generator and get a 24 word phrase. Then use the import option in tangem setup. You now have a 24 word seed phrase on tangem.
Same. If you loose 3 cards, I doubt you could keep a seed phrase safe. I don’t have to worry about forgetting or getting hacked. I initially was gonna use a seed phrase. But glad I just stuck with the default.
@@Food4thought1234 without a seed phrase, you will lose the ability to recover tokens send to a wrong network, right?
@@Food4thought1234 Does this mean that tangem without the seed phrase will never be at risk of hacking? Is the risk much lower than a ledger with the seed even if it has the passphrase?
@@albertocoutinho5703 correct.. there is no hacking since you actually need one of the cards. Unless they have 2 of your cards. You can reset the password if they somehow get 2 of your cards. . But you can turn that feature off. So even if they do get 2 of your cards they can’t do anything without the passcode,thumbprint,or Face ID. Just always keep one super safe that only you know where it’s located.
We cannot buy tangem directly from official site in Russia, do you think it's safe to buy it through a reseller?
There are partner section in their website. Mean it official partner that can be trusted
Can I use a laptop with tangem?
Unfortunately, no
i found that video really good , bravo you got me subcripted! 👍
I bought my wallet on Amazon😂🎉
Get a Calix Solution Laptop
Tangem cards are made in China not Switzerland
Don't import seed phrase to tangem. tangem has no pass phrase setting so it is extremely risky importing seed phrase into tangem
I think trezor beats both.
It depends. I think Tangem is a no-brainer for beginners.
However, it’s also good to have a second wallet that only stores crypto and doesn’t interact with any smart contracts.
dude you hair stile is like Trump
Вот это акцент, брат
Thanks, bro 😎
This all looks ridiculously complicated. Think I’ll just leave my crypto on an exchange. Probably less risk than using a wallet made in China anyway. And the risk of making a mistake during this ridiculous process and losing all your crypto that way. But, thanks for the video.
bro until now, even one wasnt hacked… so what u even talking about
ffs. Nice commercial
Микитко, не махай руками перед камерою. І не втикай sо в кожне третє речення.
Thanks for your feedback 👍🏻
A metal plate can survive a fire. Can a tangem survive a house fire?
is your wallet a metal plate? 🤔🤡 can YOU survive a house fire? Its a wallet mate. Dont leave a wallet in a fire. You put it in a safe. Lol.
@@gobinggThere are very few safes that can survive a house fire. Even the "fire proof" safes can only last 30 min at most.
FYI: IF YOU RESET YOUR WALLET, YOU WILL LOOSE ALL YOUR CRYPTO FOREVER!!!
I absolutely refuse to do business with a crypto company that does not accept Bitcoin payments for their products.
Can Tangem only be used with a phone? If so, its a red flag, the biggest one you could ever find anywhere. Using any shitty smartphone with stuff running in the background doing all fancy stuff you cannot imagine because of the operating systems incredible intransparancy and the fact that this crap device is connected wireless to any kind of sh** is an absolute no go. AND you are automatically KYCed to anything when using a phone ... so... nope.
Now it can only be used with a smartphone, but - it’s not connected to the smartphone.
Basically your card is a digital signature, and no matter via which device you are using you crypto - it can only be moved, if you tap you digital signature to the whatever device you’re using.
It will be hard to KYC you this way. Easier will be to find out your address and sanction it somehow
I don't see how a laptop or desktop would be safer. You _could_ buy an inexpensive Android phone with no SIM card, use WiFi to only download the Tangem app on it and keep it turned off the rest of the time. Shouldn't cost more than a couple of metal backups for seed words.
A VPN could help
if app dissapear or company u have seeds
Tangem is not from 🇨🇭 it is from 🇭🇰 hackers
How?
Source: trust me bro