Tangem Wallet & Note Review 2023
- 1 First Impression
- 2 Setting up and handling the Tangem Cards
- 3 Supported cryptocurrencies and devices
- 4 Documentation and Support
- 5 Tangem Wallet Security
Tangem AG is a high-tech blockchain company headquartered in Switzerland with offices in North America, Eastern Europe and Asia Pacific.
They make two types of hardware wallets.
On the one hand, the Tangem Wallet, in the form of a black card. It works like a regular hardware wallet and allows you to securely manage your cryptocurrencies. Then there are the tangem notes. This is a digital banknote with a single supported cryptocurrency. This type of card is designed for those who are new to cryptocurrencies and are looking for something that is easy to use. In addition, the cards can be passed around like cash to perform an off-chain transaction.
In this test report, a package with all available Tangem cards is tested and examined in more detail.
Buy the Tangem Hardware Wallets online
The Tangem cards can be ordered in the own store for around 50,00 $ (click here to check the current price). Various payment methods are available, including credit card, Paypal or cryptocurrencies. Included is free worldwide shipping on orders over $40.
Hardware Wallets should preferably be ordered directly from the manufacturer or official resellers if possible. Dubious stores or private sellers on platforms like ebay or amazon could manipulate the devices for their own purposes or trick the buyer. This way, the thieves can steal all the coins from your hardware wallet at a later time. Unfortunately, there have already been such cases in the past.
What is included in the package?
Included is a quick start guide and the hardware wallets in the form of a credit card. These are together in a box that can be slid open.
The enclosed instructions show the necessary three steps to activate and use a card.
The cards are cards the size of a normal credit card. They look very high quality and contain a unique identification number on the back.
Setting up and handling the Tangem Cards
To set up Tangem Hardware Wallet cards, you need to download the corresponding app from the Google Play Store or Apple App Store.
Never use a hardware wallet that is already set up. You must choose your own PIN code or password and do the backup yourself. This is not given by anyone!
Now you can hold your Tangem Multi-Currency Wallet to your NFC-enabled smartphone and the hardware wallet will be set up and secured with an access code. In the case of the Tangem Wallet, you can set up up to two more Tangem Hardware Wallets as backups. That’s because with Tangem Wallet, there’s no need to write a recovery seed on a piece of paper – in the event of the loss or theft of the card itself, access to the cryptocurrency can be restored with a backup card (or two).
Now everything is already set up to manage cryptocurrencies with over 1000 tokens on 13 blockchains. The following video shows the setup process of Tangem Wallet.
When you play this YouTube video, data is transmitted to Google.
The Tangem Note does not require an access code. You simply tap the card briefly on your smartphone to activate the card. Now you can buy the corresponding cryptocurrency directly via the app or display the public key of the wallet to send coins to the address yourself.
The card is now comparable to a banknote. Anyone in possession of the card can spend the coins, pass them on or increase the amount further with the help of the Tangem app. Thus, it is also possible to perform transactions without the blockchain, simply by passing the card. This saves transaction fees is leaves no trace on the blockchain.
The following video shows the procedure using the Tangem Note for Bitcoin.
When you play this YouTube video, data is transmitted to Google.
Supported cryptocurrencies and devices
The Tangem app is supported by the following operating systems.
The Tangem wallet currently supports around 1000 tokens on 13 blockchains. Depending on which Tangem Note you choose, only this one cryptocurrency is supported.
- BINANCE COIN
Documentation and Support
The Tangem website has a dedicated knowledge section, a FAQs section, and a page that assists with the setup process. The content is created in English. To contact Tangem, an email address is provided on the website.
Tangem Wallet Security
Like any hardware wallet, Tangem Wallet generates a unique private key that never leaves the hardware wallet. With Tangem Hardware Wallets you don’t even get a recovery seed. Instead, you can set up multiple Tangem wallets, with the others serving as backups in case of loss.
Assessment security level EAL6+ certification
Tangem has also had its safety concepts externally certified. According to Tangem, the wallet has the highest certification level among direct competitors, which guarantees that there are no backdoors – EAL6+ from Common Criteria. This was tested by the world’s leading laboratory Kudelski Security. They confirm security in their report, “In particular, we didn’t find any backdoor, malicious or suspicious undocumented feature in the firmware.”
IP68 protection class
Furthermore, the hardware wallet is optimally protected against external environmental influences due to its simple structure. According to Tangem, this makes it the only hardware wallet with the highest possible level of environmental protection – IP68. The IP68 certification defines on the one hand that the device is dust-proof, and on the other hand the protection against permanent submersion up to a maximum water depth of 1.5 meters for a maximum of 30 minutes. Moreover, the card is durable enough to work from -35°C to +85°C. The chip does not break – there is nothing to break, and the service life is at least 25 years.
|Cryptocurrencies||Bitcoin, Ethereum, Dogecoin, Ripple, Stellar, Cardano, Tezos, BINANCE COIN|
|FIDO U2F Authenticator|
|Size||85.6 x 54 x 0.6mm|
User Reviews 5
It’s the best hardware wallet for me. It’s easy for use, EAL6+, secure, mobile, no batteries
I must be a lucky to find this wallet. Everything I was searching to just in here. All coins I need and security standards that I believe the only right. Even if the company stops working please no doubts your wallet is alive and working because it’s work does not depend on any of company’s servers. Switzerland guarantees the high quality. My crypto is in the most secure wallet now one hundred percent.
What happens if the company goes out of business? Say the app goes down then what? I have to have the app to access my crypto. So what if there’s no app all the sudden? No app=no crypto??
Was asking myself the same thing, and they gave an answer to that to someone that asked them on Twitter: https://twitter.com/LibertyCoiner1/status/1543071074933526528
It is very good product 👍
FAQ 3Ask your own question
What makes the Tangem Card unique?
It is guaranteed that the private key will never be disclosed. Handing over a card is inherently a payment transaction outside the blockchain. You can sell them as merchandise, send them as gifts, or use them as payment. Basically, it’s a secure, smart banknote for digital assets.
What is Multi-Sig?
Multi-Sig is a security feature enabled by asymmetric cryptography. It allows two keys, stored securely and secretly in the security element of each card, to independently sign a transaction to send money from the same wallet address. With this level of security, users can reduce the risk of a single-key wallet.
How can I give away cryptocurrencies safely and easily as a gift?
Christmas, a birth, a wedding or a birthday is coming up and you want to give something special. In the process, it is becoming increasingly popular to give away cryptocurrencies like Bitcoin. Because these gain more and more importance and often also value over time. But what is the best way to give away cryptocurrencies?
Of course, you can generate a wallet for the recipient and give him the private key. This can be done in the form of a paper wallet or write the recovery seed in a card. However, this is cumbersome for both sides and requires some basic knowledge on the part of the recipient.
It is easier and more elegant to use a certain type of hardware wallet. These are wallets that act like a traditional banknote and often take the form of a credit card. An example of this is the Tangem Note. You can easily “load” them with cryptocurrencies via smartphone app and then give them away. The recipient can keep the card, give it away or later also spend the cryptocurrencies via smartphone or send it to a trading exchange of his choice, for example.
Give away cryptocurrencies safely and easily with Tangem Note
The major advantages of giving away cryptocurrencies this way are the following:
Of course, this comes at a further cost, but give away a great value of cryptocurrencies, the investment is definitely worth it.
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