Tangem wallet is one of the best hardware wallets out there which specifically focuses on the privacy of users. The wallet not only helps individuals to store their crypto assets in a safe way but also lets you manage those assets with the help of the Tangem app. Using the wallet is pretty simple and is a very unique experience. To be specific, this wallet is an NFC-based card that you can tap over your phone and start using instantly. The wallet comes in a set of 2 to 3 cards meaning that you can choose it based on the number of cards you want as backup.
What is a Tangem wallet?
As said above, the Tangem wallet is basically a hardware crypto storage that allows users to store a wide range of crypto assets. This particular wallet which we have in the form of a card has a tiny chip inside it that lets you generate as well as store private keys. So, just in case, if you ever feel like spending your funds, you can use its NFC connection feature which ultimately establishes a connection between your card and the Tangem app on your device.
However, not everything about this wallet is so good that you start using it without weighing the pros and cons. So, now we'll take a look at some positive as well as negative aspects of this wallet so that you can make a better decision regarding the same.
Pros of using Tangem wallet
To understand why this wallet deserves a chance, you can take a look at the positive aspects of the wallet that I have explained here:
- The firmware of the wallet is free and open-source
- Considering the security aspect of the wallet, it is protected by a secure seed phrase
- The design of the wallet is extremely simple and sleek
- You can easily buy using Bitcoin
- The wallet has a simple interface which is pretty easy to use
- Comes with a detailed user guide
- allows you to work with multiple altcoins
- And the best part is that it comes with a 25-year warranty
Cons of the Tangem wallet
Just like there are positive sides to using a crypto wallet, there are some negative sides to it as well. Hence, we will also shift our focus to the negative aspects of this wallet as well and the same has been explained below:
- The firmware of the wallet cannot be reproduced
- The seed phrase generation is not very great
- Tangem wallet does not come with any display
- It also does not have a microSD backup option
- And there isn't an air-gapped support as well
Conclusion:
If you are someone who is interested in using the Tangem wallet because its usability concept sounds interesting to you, then I suggest you measure its pros and cons beforehand. This hardware crypto wallet is definitely unique in a way that it is present in the form of a card that can be connected to your mobile device with the help of NFC technology. However, alongside having some beneficial aspects to it, the wallet also falls short in some areas. If you are ready to compromise on those areas, then you can certainly take this wallet into consideration.