In this article, I will focus on the Tangem Wallet, a safe hardware wallet made for cryptocurrency cold storage.
While the Tangem wallet card is equipped with an NFC-enabled mobile application, Tangem provides a quick solution for keeping and managing crypto assets offline.
I will examine its main characteristics, advantages, and possible drawbacks to assess whether it suits you.
What Is Tangem Wallet?
Tangem Wallet is a hardware crypto wallet famous for its card design, which makes digital storage easy and secure.
Unlike other wallets with screens and buttons, Tangem does not have any of these but a tap-and-go technology using NFC.
With the help of a mobile application, users can manage their crypto assets by simply tapping a card on their phone.
Some of Tangem Wallet’s features include its increased security, as private keys are created inside the card and never left.
It is built to withstand multiple cryptocurrencies and is rugged, waterproof, and impact-proof, making it a perfect option for safe crypto management on the move.
Tangem Wallet Does Not Show New Price With Solution
Should you encounter problems with the Tangem Wallet regarding responsiveness, updates, and changes concerning Cryptocurrency rates? Kindly consider the following steps:
Refresh the App
First, close and then reopen the application. It takes some time to fetch the latest data, so a simple restart will fix the issue.
Offline Connection Test
If you do not have data or a strong signal, the app is supposed to retrieve data regularly, which it cannot do if the signal is weak.
Check Updates
Keep the appropriate application, the Tangem Wallet, up to date because application developers usually have updates available to resolve issues.
Clear Cache
You might want to head to Settings > Apps > Tangem Wallet > Storage > Clear Cache. This is useful for getting rid of data that is simply lying around and may cause confusion.
Tangem Support
As a last resort, if they don’t help, Tangem support should be contacted, wherein the sellers buy back all the coins and try to get help from Tangem support.
This should address the accuracy of pricing on the Tangem Wallet.
Tangem Wallet Key Features
Physical Card-Based Wallet for Better Security
Tangem Wallet is a hardware wallet in the shape of a card embedded with NFC technology. It allows its users to store their cryptocurrency keys offline and in an extremely secure environment.
Mobile Integration with an Exceptionally Intuitive User Interface
To use the Tangem app, users only need to tap the card on their mobile devices to access their crypto assets. The application is highly interactive and easy to navigate, suitable for both new and experienced users.
Multi-Currency Support
Users can hold different kinds of assets in one wallet since the Tangem Wallet allows storing many cryptocurrencies.
More cryptocurrencies and tokens are being added to the wallet in response to consumers’ ever-changing preferences and market conditions.
Do not use a Backup Seed Phrase.
With Tangem, there is no risk of losing or misplacing a backup key or passcode as it does not require its users to save it, which makes the wallet more secure.
Integration of NFC Technology for Contactless Payments
Thanks to NFC (Near Field Communication) technology, users of the Tangem Wallet can pay by touching the card to a compatible device.
It is quite simple to make payments while on the move, as the wallet’s shape and design make it easy and practical for frequent usage.
Backup and the Multi-Card System:
According to Tangem, since the business uses a multi-card system, users can develop extras for their main card as a backup.
The Requirement of Open-Source App Code that is Transparent:
The software used in the Tangem Wallet is open-source, which allows the community to inspect, audit, and contribute to its code, thus enhancing transparency and trustworthiness.
A Battery-Free and Rugged Design:
The Tangem card does not need a battery to function for a few years of standard use. Its ideal physical design makes it resistant to wear, so it can be used for crypto storage safely for a long period.
Tangem Wallet Pros & Cons
Pros
High Security Through Offline Storage
This recharging card has a Tangem wallet with a private key stored in secure offline storage card chips. It is very well protected from hackers or phishing.
User-Friendly and Portable
Using it has no physical limitations, and even a newbie will find it easy to use.
No Seed Phrase Requirement
Security threats concerning lost phrases for recovery do not apply since users are required to back up seed phrases.
Durable, Battery-Free Design
The Tangem Card lasts longer than any other product; efficacy and maintenance are keys to the making.
Multi-Currency and Multi-Card Support
Users can generate multi-suit cases when there is heavy reliance on one card.
Open-Source Software
The more transparency in Tusky’s development, the more vital community trust.
Cons
Limited Compatibility
There may be limitations for some Tangem wallet users who can’t access all their smartphones.
Blind to PC application usage
As Tangem Wallet’s primary function is mobile application installation, this might limit desktop and web-oriented users.
Complete loss of access if all the cards are lost
Given that there is no seed phrase, physically losing all cards might result in a permanent disability in accessing the funds.
Low inclusion of DApps and DeFi services
The Tangem Wallet lacks any built-in integration with DApps and DeFi services, which can disadvantage sophisticated clients.
Not very favorable for high-volume traders
The hardware setup of Tangem is more about the secure safekeeping of crypto assets than active trading; thus, users with high trading frequency may find it inconvenient.
Conclusion
In conclusion, if your Tangem Wallet does not reflect changes in cryptocurrency prices, the problem may be due to network connection, application version, or API outages.
This problem can generally be rectified quickly by taking the appropriate measures, such as checking for an Internet connection, upgrading the application, clearing the cache, and normalizing the state of price feed services.
If these steps do not suffice, Tangem’s customer support may be contacted for more information about the problem.
With these solutions, there will be no doubt that the wallet always displays updated prices; hence, effective management of the crypto assets is possible.
