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Let's unpack the Tangem Wallet crypto wallet together, figure out how to use it, and see how convenient it is.
In general, we will make a big review of the cold multi-currency crypto wallet Tangem Wallet and provide the most complete instructions for working with this wallet.
What is Tangem Wallet?
So! What is Tangem Wallet?
It is a cold multi-currency crypto wallet that supports thousands of coins and tokens. Safe, convenient and very easy to use. Made in the form familiar to us all, a bank card.
Tangem Wallet, unlike other cold crypto wallets on the market, works without a battery, wires or connectors.
A wallet of this format can simply be stored in a wallet along with other cards and used wherever and whenever. Tangem Wallet is so easy to use that it’s great for people like us who are new to cryptocurrency.
Crypto wallet capabilities
The possibilities of Tangem Wallet are quite large.
First of all, the Tangem Wallet crypto wallet is able to store our assets in a completely safe, anonymous and inaccessible place to third parties. Our savings, converted into cryptocurrency, will be securely stored in the wallet until we need them. At the same time, they are always available for reverse exchange for regular money in local currency in any civilized corner of the world.
Also, we can always:
– Send funds from our wallet to another crypto wallet. This could be the wallet of our loved ones in another country or payment for any services to those organizations and services that accept cryptocurrency.
– Receive cryptocurrency to our wallet from loved ones or as payment for our services from third parties.
– It is safe to transport a large amount of money from one point of the world to another.
– Store funds not in dollars, but in stablecoins, like their digital counterpart.
– Invest and earn money on the crypto market using staking, trading, and pharming tools. Create, buy and sell NFTs on different platforms, and use many other DeFi income tools.
– Withdraw mining income. It is enough to configure the withdrawal of our coins directly to your wallet and you can accumulate assets in one convenient and safe place.
Unboxing Tangem Wallet
When ordering, the Tangem Wallet comes in a small, neat box weighing approximately 50 grams.
We remove the film and open the box like a pencil case. The box moves in different directions.
The box provides brief information on where to start and where to look. Inside there are instructions and, in fact, the cards themselves.
The wallet comes with two or three plastic cards, depending on the set we purchased. In our case - three.
How does Tangem Wallet work?
Each Tangem card is equipped with a powerful cryptographic chip from Samsung. Essentially, it is a microcomputer that receives power from the phone's NFC adapter.
One card becomes the main one. We will use it to sign transactions simply by applying it to the NFC phone.
Other cards are needed to backup our private key. This is our insurance in case the first card is lost or someone steals it. Then we can take a second card and continue using our wallet.
The wallet is very easy to activate, it only takes a few minutes. Even a beginner in crypto can figure it out.
After activation, you can start using Tangem Wallet:
– хранить на нем монеты и токены,
– получать и отправлять крипто-валюту,
– подключаться к DeFi приложениям через протокол Wallet Connect,
– продавать, покупать, обменивать, стейкать, фармить, класть на депозит свои криптоактивы,
– и многое другое.
Security from Tangem
We should also talk about the security of Tangem Wallet.
The safety of our crypto assets is Tangem's top priority, so the developers have made sure that Tangem Wallet becomes the safest crypto wallet in the world.
Tangem Wallet does not have a direct internet connection. Unlike other types of crypto wallets, it is not a program, extension or application that can be hacked. This is not an account on a cryptocurrency exchange that can be blocked by its owners. This is a separate autonomous device that stores the private key on its chip.
For the safety of cryptocurrency, the most important thing is the reliable storage of the private key. Because our coins and tokens are not stored on the Tangem card or in the Tangem application, but on the blockchain. And only the one who has the private key has access to them.
That is, a crypto wallet is a place where the secret key is stored to access our cryptocurrency. And this place should be as safe as possible. Tangem Wallet stores our key securely like no other.
A completely new private key is generated by the Tangem chip the moment the wallet is activated. The second and third cards are needed to backup the private key. After this, the key is used by simply tapping the card on the phone to sign transactions, never leaves the card and is unknown to anyone, not even its owner, that is, us.
In addition, at the time of activating the Tangem Wallet, as additional protection, we must set a password on it. Thus, even if the card is stolen, it will be impossible to access our funds.
Even the Tangem Wallet app does not have access to our private key, as it only serves as an interface to the wallet.
All cards are identical in capabilities and access. These are three identical copies. One card becomes the main card, and the others are spare, in case the first card is lost or stolen. Using backups, you can restore access to your crypto assets. Therefore, they need to be stored in a safe place.
The Tangem Wallet card chip has the same level of tamper resistance as diplomatic passports.
The physical security of the wallet is ensured by a reliable level of protection. If you forget the Tangem card in a cold place or, on the contrary, leave it under the scorching sun, spill liquid on it or even drop it into water, bury it in the sand on the beach or under a tree in the garden, nothing will happen to it. It can operate stably at temperatures from minus twenty-five to plus fifty. Not afraid of water or dust.
This is probably why the Tangem company provides a maximum guarantee of operation for its crypto wallet for more than 25 years.
How to start using a crypto wallet?
In order to start using Tangem Wallet, you first need to activate it. It's very easy to do this:
– Download and install the official “Tangem – Crypto Wallet” application from Google Play on your phone.
– We attach the Tangem card to the smartphone and wait for the “Success” confirmation.
– Click the “Create wallet” button.
– Again, apply the Tangem card to the smartphone and wait for the “Success” confirmation. The chip inside the card will generate our private key.
– Now you need to back up to other cards in the set. Click the “Perform Backup” button.
– Next, click the “Add backup card” button.
– Again, apply the Tangem card to the smartphone and wait for the “Success” confirmation.
– Since we have a third card, we need to click “Add more cards.”
– If you only have two, click Continue.
– After this, you need to create an access code. Click the “Continue” button.
– We come up with and enter our access code. This can be any word, phrase or digital number.
– Click the “Continue” button.
– Enter the access code again and press the “Confirm” button.
– To complete the backup process, we need to scan all three cards. Click the “Scan main card” button.
– Place the main Tangem card on the smartphone and hold it for 15 seconds until the operation is completed. We are waiting for confirmation “Successful”.
– Next, we do the same with the rest of the cards. Click the “Scan card” button. Attached. We hold. Successfully.
All! Our Tangem map is configured and ready to use.
– Click the “Go to my wallet” button.
How to add coins and tokens?
Once we have activated our Tangem Wallet, we need to add the coins and tokens that we will use to the main screen. By default, only Bitcoin and Ethereum are shown on the main screen.
This is also done quickly and easily:
– On the main screen of the Tangem application, click the “Manage tokens” button.
– At the top, in “Search”, we write, for example, “USDT”.
– Click on the “Arrow” on the right.
– Select the required crypto networks.
– And click the “Save changes” button.
After this, the cryptocurrencies we have selected will be displayed on the main screen of the application.
Sometimes confirmation by scanning your Tangem card is required.
Basically, that's it. A few minutes of activation and configuration, and we can already use the Tangem Wallet crypto wallet.
How to get cryptocurrency?
Now other people can send us cryptocurrency to the Tangem Wallet crypto wallet.
It's very easy to get it:
– On the main screen of the Tangem application, select the coin we need and click on it.
– In the window that opens, click the “Copy” button and forward its address to the sender. Or click the “Share” button and send it to the person who will send us the crypt.
That's all!
When the sender transfers the cryptocurrency to the address we specified, and the blockchain confirms it, the balance on the main screen of our wallet will be updated and we will see the coins sent to us.
The only thing you need to pay attention to. And this is very important!
Be sure to tell the sender which network you need to transfer the coins to. Many tokens exist simultaneously on different networks.
And if you indicate the address to which you need to send cryptocurrency on one network, and do not tell the sender which one, and he does not ask and transfers it to another network, the coins will disappear and it will be impossible to return them.
How to send cryptocurrency?
After we receive the first cryptocurrency in our Tangem Wallet wallet, we will be able to send it to someone.
This is also done simply, like everything else in the Tangem Wallet:
– We ask the recipient for the wallet address to which the cryptocurrency will be sent.
Here, as in the case of receiving coins, it is important to find out which network you need to send them to.
– On the main screen of the Tangem application, select the coin that we want to send and click on it.
– In the window that opens, click the “Submit” button.
– Next, we insert the address that the recipient sent us and enter the number of coins that we want to send to him.
– After this, click the “Send” button and touch the Tangem card to the phone to confirm the transaction.
That's all!
When the blockchain confirms our transaction, the recipient receives the transfer, and the balance on the main screen of our wallet is updated, we will see the debit of the coins we sent.
How to exchange cryptocurrency?
The Tangem app has a cryptocurrency exchange feature.
If we want to exchange one coin for another, we do not need to connect the wallet to decentralized platforms using Wallet Connect or withdraw the crypto to centralized exchanges. We can make the exchange directly in Tangem Wallet:
– On the main screen of the Tangem application, select the coin that we want to exchange and click on it.
– In the window that opens, click the “Actions” button.
– In the menu that opens, click the “Exchange” button.
– Enter the number of coins we want to exchange.
– Select the token for which we want to exchange.
– After this, click the “Exchange” button and touch the Tangem card to the phone to confirm the transaction.
– Next, you can click the “Close” button.
That's all!
When the blockchain confirms our transaction, the coins are exchanged, and the balance on the main screen of our wallet is updated, we will see the new number of coins we exchanged.
How to place cryptocurrency on an exchange?
Since Tangem Wallet is designed primarily for the safe storage of cryptocurrency, we will carry out most operations with our crypto assets: staking, farming, trading, depositing on centralized and decentralized exchanges.
Let's try to take the cryptocurrency from Tangem Wallet to a centralized exchange, for example, Binance, to work with it there.
First of all, you need to create a Binance account. We already have it.
If you are still not registered on the largest centralized crypto exchange, Binance, we recommend watching our short video on how to quickly register on Binance. The link is in the description under this video.
A link to register with bonuses and gifts on the Binance crypto exchange is also under this video.
Once an account has been created on Binance, along with a hot wallet, you can transfer our crypto assets there from Tangem Wallet.
– To do this, go to your wallet in the Binance application.
– We find the currency that we want to list on the exchange.
– We select the network in which we will send ourselves coins.
– And copy the token address.
– Next, go to the Tangem Wallet.
– On the main screen of the Tangem application, select the coin that we want to send to Binance and click on it.
– In the window that opens, click the “Submit” button.
– Next, paste the copied address and enter the number of coins that we want to send to Binance.
– After this, click the “Send” button and touch the Tangem card to the phone to confirm the transaction.
How to withdraw cryptocurrency from the exchange?
Once the cryptocurrency arrives in our Binance wallet, we can work with it on the exchange.
When we complete all transactions with our crypto assets on the Binance crypto exchange and want to withdraw coins back to our Tangem Wallet, we will need to perform, in fact, the reverse procedure:
– Go to the Tangem Wallet.
– On the main screen of the Tangem application, select the coin that we want to withdraw from Binance and click on it.
– In the window that opens, click the “Copy” address button.
– Next, go to the Binance application and go to your wallet.
– We find the currency that we want to withdraw from the exchange to Tangem Wallet.
– Click the “Send via crypto network” button.
– Paste the copied address.
– We select the network in which we will send ourselves coins.
Don't forget that the networks must match!
– Afterwards, enter the number of coins we want to send.
– And press the “Output” button.
– We confirm the transaction using the confirmation codes that Binance will send us. And after some time, the coin will appear in your Tangem Wallet.
How to connect to DeFi platforms?
You can work with cryptocurrency not only on centralized exchanges, but also on decentralized platforms. A list of such platforms is available on the website defillama.com. This is the largest information aggregator of DeFi protocols – decentralized finance.
In order to send cryptocurrency for staking, pharming, or conduct any other operations on a DEX, that is, a decentralized exchange, you need to connect your Tangem Wallet crypto wallet to it.
This can be done through the Wallet Connect protocol.
With it, we can easily connect to any DeFi applications.
In order to connect to any decentralized platform:
– We go to the website of the site we are interested in, for example, Pancake Swap.
– Find the button to connect to the wallet – “Connect” or “Connect Wallet” and click on it.
– In the window that opens, select “Wallet Connect” and click the “Connect” button. We will be transferred to the Tangem application.
– We attach the Tangem card to the phone.
– Enter the “Access Code”, if necessary.
– And click the “Start” button to confirm the connection to the platform.
Now we can work with our crypto assets on one of the largest decentralized exchanges, Pancake Swap, where you can exchange coins and tokens, stake, farm, and trade NFTs.
Once you have completed all the transactions you need on the decentralized platform, be sure to disconnect your Tangem Wallet by clicking the “Disconnect” button.
How to work with NFTs in Tangem Wallet?
If we want to buy, sell, create NFTs, we can do this on decentralized exchanges that have such functionality. Or on specialized platforms - NFT marketplaces.
To do this, Tangem Wallet needs to be connected to one of these platforms using Wallet Connect, according to the DEX connection scheme we described.
After this, you will be able to work with non-fungible tokens, for example, pay for NFT purchases with cryptocurrency from your wallet.
NFTs purchased or created by you will be displayed in the account of the decentralized platform, and you will always have access to them; you just need to connect your wallet to this platform using Wallet Connect.
How else can you use Tangem Wallet?
In general, the cryptocurrency world is rich and diverse. This is not only about transferring coins from person to person, investing, trading or mining.
You can use cryptocurrency to pay for plane or train tickets, book hotel rooms, buy food and drinks, tickets to sports matches, purchase real estate, jewelry and much more.
That is, Tangem Wallet can be used to pay for goods and services wherever cryptocurrency is accepted.
In addition, thanks to blockchain technology, today there are already many decentralized social networks, music streaming platforms, video services, freelance exchanges and other interesting platforms where Tangem Wallet will be useful to you. Not only to pay for some services from it, but also, if you wish, to receive payment for your work in crypto on these sites.
How to cash out cryptocurrency?
Also, if you have such a need, you can always convert cryptocurrency from Tangem Wallet into regular money, that is, fiat.
This can be done in several ways:
– From a centralized exchange to a bank card.
– Through the P2P trading platform to a bank card.
– Through a special exchange service.
– And with the help of a cryptomat.
How to buy Tangem Wallet with a 10% discount?
You can view the current prices for a Tangem set of two or three cards, as well as order a Tangem Wallet with free delivery on the Tangem official website.
And using the Promo Code “MC8F4T” you will receive an additional 10% DISCOUNT when ordering the multi-currency crypto wallet Tangem Wallet.
Also, on the website of the company Tangem AG, there is a blog with specialized articles and instructions for working with the cold multi-currency crypto wallet Tangem Wallet.
If you have any questions, you can always write them in the comments.
