In this article, I will talk about the Tangem Card, which is easy to use and protects cryptocurrency assets. The card provides private keys offline, reducing the risk of malicious attacks.
The Tangem Card integrates into the user’s functions using NFC technology and allows using multiple currencies, making this card an easy choice for managing crypto assets.
What is Tangem Card?
The Tangem Card is a cryptocurrency wallet that blends security and convenience. With the size of a credit card, it features the contemporary ability of NFC technology that allows for crypto transactions through users’ smartphones.
Through Tangem’s secure element chip, users’ private keys are safely stored offline, out of reach from phishing and hacking threats. This portable solution makes it easy users to manage their crypto assets across many currencies while not compromisng on safety.
What are the iOS/Android technical requirements to use Tangem cards?
Users can use any mobile device that runs Android 6.0 or higher, or iOS 14.5 and above, that has full NFC support, except for the iPhone 6/6s and iPhone SE (1st gen).
Take note that models like the iPhone 7/7 Plus, and some Android phones lack full NFC capabilities, which can result in important data not being transferred during activation.
Therefore, private key backups will also not be possible on such devices. For backup creation, users can switch to compatible devices like iPhone 8 or newer, or Android 6.0 and above with full NFC support. After backup, users can continue to use their current devices.
The app functionality cannot be promised on devices with custom firmware (not altered by the manufacturer).
Who Should Use Tangem Card?
The Tangem Card was designed with security in mind and provides a convenient way to store and manage cryptocurrency. It’s great for:
Crypto Fans: Anyone who is actively involved in cryptocurrency trading or investment and requires an offline method of securely storing their digital assets.
Security-First Users: Cryptocurrency enthusiasts who want to safeguard their private keys from online threats and hacking. The Tangem Card is a hardware wallet that stores Tangem keys offline, therefore adding an extra layer of security.
Less Technically Inclined Users: Someone who may not know much about hardware wallets would, however, prefer a simpler option than traditional wallets. Tangem cards do not require any technical knowledge or confusing setup procedures.
Travelers: People who want to securely manage their cryptocurrency assets while traveling.
Crypto Friendly Companies: Businesses that want to manage funds or cryptocurrency transactions with speed and security.
People Looking For Additional Security Measures: Users looking for a backup storage solution which is offline and free from the security vulnerabilities of trading platforms and wallets.
Security and Privacy
Security:
Offline Storage:Your private keys are not stored online, which exposes them to phishing, hacking, and malware attacks from perpetrators. With Tangem Card, you do not have to worry about that because your keys are stored offline.
Secure Element:Even with physical access to the card, unauthorized persons would find it near impossible to extract the keys due to the card being equipped with a secure element chip, which provides a robust defense against tampering.
Multi-Layered Encryption:Unauthorized users are barred from accessing the funds. Tangem ensures this because the private keys are encrypted and securely stored within the chip, allowing only the right user to access the funds while interacting with the card.
No Online Exposure:Like all other methods, the Tangem gives you the option to not expose your private keys on vulnerable devices, such as computers or mobile phones. Unlike other methods, the Tangem Card store the keys securely and offline.
Privacy:
No Personal Information Needed:While using the Tangem Card, there is no need to enter any sensitive data. It is a non-custodial wallet which means you have complete control over your private keys and crypto assets. You don’t have to register or link your identity in any way.
Anonymity:The transactions with Tangem are pseudonymous which means that your true identity is not associated with your wallet or any transactions unless you choose to share this information.
No Cloud Storage:Users do not need to save sensitive data on cloud services which are prone to breaches. This feature makes it a more privacy-oriented option compared to some online wallet solutions.
Backup and Recovery:Users need to securely store your card’s recovery key but losing the key would result in losing access to your assets. The design of the card reduces the need for sharing the backup data with others.
Key Features of Tangem Card
The Tangem Card comes with numerous salient features which includes secured, portable and easy to understand solutions for cryptocurrency management. Here are the main features.
Secure Offline Storage
The card is able to withstand phishing and malware assaults as it stores your personal keys offline within a secure element chip which serves as a protection from hacking. This feature makes Tangem Card stand out from other online wallets and exchanges.
User-Friendly Design
The Tangem Card can easily fit in ones wallet as it is credit sized enabling users to keep their crypto assets safely. As opposed to other crypto cards, no extensive process is needed to use the card which makes it accessible for everyone.
Multi-Currency Support
This card allows users to manage a combination of assets on one card making it possible to trade a vast selection of cryptocurrencies including Bitcoin and Ethereum.
NFC (Near Field Communication) Integration
Users can hold their phones with the card and use the NFC technology to interact with their phones to enable seamless and swift transactions. Users can easily perform operations by just tapping the card on their NFC phones.
No Personal Information Required
No sign up is mandatory with the card making users enjoy full privacy and anonymity along with secured assets enabling increased safety. Withdraw and deposit fully available and in controllable to the user.
Backup and Recovery
In case of losses, Tangem helps recover access to your assets with its well planned recovery mechanism that allows users to backup their private keys without compromising security.
Tamper-Resistant Secure Chip
With the Tangem Card, one has access to a secure device (SE) with the capabilities of a chip used to counter illicit attempts. This means that one’s private keys are safe from unwanted users The chip is developed to withstand both physical and virtual attacks.
Compatibility with Mobile Devices
The card works with Android and iOS smartphones that are NFC compatible, which allows one to effortlessly manage their crypto assets all in one without needing other devices or software.
Easy Recovery with Backup Cards
For additional protection, Tangem can issue users backup cards to keep their recovery information on. This way, even if the card is lost, there is a way to recover crypto assets.
No Battery or Internet Connection Required
The Tangem Card does not require a battery or a web connection to function, making power and other hardware conditions irrelevant as never being able to use the card is out of the picture unlike Tangem.
Multiple Users Can Leverage (Business Purpose)
Tangem can be utilized in the business’s context where several users need to manage their crypto assets through secure multi-user management features.
Quick Payments
The card improves payment speed with efficient and effortless transactions, particularly for more complex processes in some other hardware wallets.
Pros & Cons
| Pros | Cons |
|---|---|
| Enhanced Security: Private keys are stored offline in a secure element chip, reducing the risk of online threats. | Limited Advanced Features: Lacks features like transaction signing on the card and multi-signature support. |
| Portability: Credit card-sized and easy to carry around securely. | Loss of Card = Loss of Crypto (If No Backup): Losing the card without a backup means losing access to funds. |
| User-Friendly: No complex setup required, easy NFC integration. | Device Dependency: Requires an NFC-enabled smartphone to use. |
| Multi-Currency Support: Supports a wide range of cryptocurrencies. | No Display: Lacks a screen for transaction verification. |
| Privacy and Control: Non-custodial wallet, no personal information needed. | Not Ideal for Large Portfolios: Not suited for users with large crypto holdings or complex needs. |
| Backup and Recovery: Can securely back up recovery information. | Limited Support for Some Cryptos: Doesn’t support every cryptocurrency. |
Conclusion
To sum it up, the Tangem card is a good option for those who want to manage their cryptocurrency securely, effortlessly, and on the go. Its offline storage, NFC capability, and tamper resistant chip provide extra security and privacy for your crypto assets.
Although It may not meet the needs of advanced users or those with large portfolios, it’s perfect for a user who simply wants less hassle. In a nutshell, the Tangem card is a great solution for reliable crypto storage while traveling.
