Debunking Misconceptions About The Tangem Cold Wallet! 

Thank you!

Because Crypto Wallet videos aren't that popular just yet.

Compared to other niches, correct

@@cyberscrilla he said "yet" its coming, your content is fire... Also I would bet that you are Canadian or live close to them based off the way you talk.

@@edwinsparks2165 Thank you! And not really, I’m in the northwest United States lol.

Agreed!

Let’s not get ahead of ourselves. This is the internet. Lol. Take everything you consume with a grain of salt.

Thanks for watching. That video is pure FUD lol.

I think it's recommended to create a new seed phrase on tangem and then transfer your crypto from your ledger to your new tangem wallet. The private key generated on the ledger can't be trusted now because of the new ledger firmware update. So it's best to not use that private key and create a new one. You backup is your seed phrase. As long as you have your seed phrase, you can access your wallet.

@maplenerd22 spot on

dont use these cards, they are a living nightmare, my crypto have been stuck for days.. and so have many others.. they have problems all the time while other wallets work fine

No you don’t have to enter it every time to access the wallet. It’s the same as any crypto wallet. You only enter it to initially access the wallet

I guess I wonder or worry that our phones track tons of data and that somehow our phones could track seed phrases or passcodes.

@yossarian67 Nope. The seed phrase isn’t stored on your phone. Also, the app is open source, meaning you can see how the code interacts with your device. Plus Tangem has been audited by two security companies that confirmed there are no hidden vulnerabilities or backdoors. Over 1 million Tangem wallets sold since 2017, not a single one has been hacked.

@@cyberscrilla ok… but we have to type our seed phrases on a phone. So while I trust tangem to not track it, there’s lots of evidence that phones have been backdoored by intel agencies. None of them being hacked is a great sign of course…. I guess I’m looking for possible ways they could be hacked though.

@yossarian67 IDK what to tell you. The Tangem app has never been hacked. And again, multiple security firms confirmed there are no vulnerabilities or backdoors.

Of course. Take everything you hear on the internet with a grain of salt. And always DYOR. And thanks for your support

@@cyberscrilla I have 8 sets of Tangems

Thanks! Q4 likely

More so from clicking on phishing links. Which any wallet is susceptible to. I prefer to know my seed phrase.

Thanks for watching. I prefer to know my seed personally.

Thank you for watching 🫡

Just update the app on your phone. Super simple

Hey, thanks for watching! - Alex

That’s a good idea actually

hi, I have pack of 2 cards, now I wont pack of 3, how can transfer to pack of 3

Yes you can. I think you watched my most recent video about swapping already. And sure, the Tangem wallet is resistant to extreme temperatures. So storing it in a warmer location shouldn’t be an issue

That’s not how it works. The private key is still stored on the card, which makes it secure. The risk (with ANY wallet) is potentially connecting it to a malicious website and handing over access to your wallet.

Yes. Seed phrase is the key to your wallet.

👍 Both are great choices imo. However, I’d recommend the Onekey Classic 1S if you go that route.

@@cyberscrilla do you have a link, where I can use your discount code?

I guess idk what you mean by the app malfunctions. As long as you have the app on your phone you can send crypto. You can also download the app from GitHub. That said, I always recommend knowing your seed phrase so you don’t have to worry about the app. Might be worth upgrading to the new Tangem wallet.

Correct. Using the new phone, you’d download the Tangem app, scan your cards, and enter your custom access code to recover your wallet on the new phone.

Thanks! A couple things, transferring crypto is different than importing a seed phrase. You can transfer your crypto from Tamgem to any wallet/vice versa. You can also take your seed phrase from Tamgem and import it into another brand of hardware wallet, allowing you to access your entire crypto portfolio on that wallet.

@@cyberscrilla Thank you so much! Trezor told me you can only use your seed phrase with another Trezor hardware wallet, i.e. you can only use your seed phrase to access your crypto using the same hardware wallet brand !

Yes they have a support page in their website. But you can order the black version directly on their site: tangem.com/en/pricing/?promocode=Cyberscrilla#pricing This link includes my 10% discount as well 👍

Thanks for watching Robin!

Tangem doesn’t charge transaction fees. Those fees are charged by whichever blockchain you’re transacting on. Or if you’re swapping, those fees are charged by the third party party aggregator. Tangem does not charge any fees

Personally, I’d either use a bitcoin only wallet like BitBox or a wallet like the Trezor Safe 3 with bitcoin only firmware. If Tangem came out with a BTC only edition, I’d use that.

@@cyberscrilla Thanks for the candid reply. What do you think of Blockstream Jade that Bitcoin University recommends?

Cold card

Another solid option for sure.

I shared all the details in this video: Tangem Reveals HUGE Updates & NEW Products! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-uPw0P9mei50.html

I’ve already responded to your other comment. Blockchain fees constantly fluctuate based on network congestion. Right now it'll cost about $7-15. Tangem doesn’t charge transfer fees.

I love to hear this! Keep up the good work!

There’s no limit to how much crypto you can transfer to an exchange, but there are generally withdrawal limits. So just because you can transfer $100k worth of BTC to an exchange doesn’t mean you can withdraw it all that day. I’d check the terms of whatever exchange you’re using.

@@cyberscrillawhat do you think about trezor? Has it ever been hacked?

There has been one case of the Trezor Model T being hacked years ago. “Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet”. However, the hack could have been prevented if the wallet had a strong password enabled. That said, the new Trezor Safe 3 is not prone to that hack since it has a secure element chip. The attack was a RDP downgrade attack requiring physical theft of the device and extremely sophisticated technological knowledge and advanced equipment. All that said, I like Trezor’s products and would recommend the Safe 3.

@@cyberscrilla good to know. And thank you for your reply. Really enjoy your content

@Ghostarrow_360 thank you!!

Safepal and Onekey are pretty cool too

@@Juan-sq9hb I Will look into it, thank you so much, appreciate it!

Best is subjective. There are many great options, all with their own pros and cons. Tangem is great for many reasons. It’s secure and extremely beginner friendly. I also enjoy Onekey and Trezor wallets.

@@cyberscrilla you are so helpful I love your channel, thank you so much!!!

@@Juan-sq9hb thank you!!

What screen, battery, and USB port are your referring to? Tangem has none of those features. As I’m sure you know, the Tangem app is open source, thus it can be recreated even if it ceases to exist on an app store

@@cyberscrillano, not about tangem, i referred to that guy who told misinformation about Tangem wallet i watched his entire video, and thing he said that "Tangem doesnt have screen so it can't doubled verified the received address prior to signing the transaction, and malicious code could alter the receiver address on the app" totally non-sense 🤣🤣🤣

I disagree

Wow, thanks!!

I covered this in the video when talking about the app and malware.

I think not having screen to recheck the sending or receiving address. Is a concern for me as well. It’s not as secure as the hardware wallets that have the screen for sure. In the end, it comes down to how paranoid you are.

No. You’re not connecting your wallet to anything or approving spend contracts (which is how you could be hacked). You send crypto to said exchange. They exchange it for you (+ take a fee). Then send the swapped crypto back to your wallet. No connecting required

Are you currently using it as a seedless wallet with crypto on it? If so, you need to transfer your crypto to a new wallet before resetting it otherwise you’ll lose your crypto. This is how to factory reset it: 1. Open the Tangem app and press the three dots in the upper right corner of the screen. 2. Press Card Settings. 3. On the screen that appears, press the Scan the Card and scan the card you want to reset. 4. On the Card settings page, tap Reset to Factory Settings.

@@cyberscrilla I did configure with secreet seeds!

Peek into his other reviews...this is what he does:)

Yes, I have the Titan mini and Titan 2.0. Both decent wallets. But the Titan 2.0 has some issues regarding updating the firmware via the micro sd card. If takes some finagling

You won’t need to buy new cards. All the new features will be in the app. So you’ll just have to update the Tangem app

Perhaps, but it was not a well researched video, and it came off as very fear based. I don’t think he’s trying to help people as much as he is trying to get views. Otherwise more effort would have been put into providing accurate info.

I do not agree with this. I’d never recommend storing your seed phrase anywhere online, including a password manager. Also, that’s not multisig.

​​@@cyberscrilla You're not storing your seed phrase online. Half of it but you even said in this video that 12 words is more than enough security. Nobody's going to guess a series of 256 zeros and ones. How do you figure it's not multi signature when you are splitting the seed phrase? Why can't you look at it in terms of from the hacker point of view? Effectively they would need two keys. SHA 256 * 2.

12 words is secure. Doesn’t mean you should store it online. Multisig involves multiple parties or keys being required to authorize a transaction. What you described involves splitting a single key or seed phrase into multiple parts for redundancy and security. It's a form of backup and redundancy rather than multisig. What you described is more like Shamir backup 👍

​@@cyberscrilla Part 2 Technically you can say you are right, but the level of security with a split 24 word phrase operates as secure as a 12 word phrase given the hacker has gotten into one of the four backups I have set up which I guess your biggest worry would be the password manager. Multi-signature refers to requiring multiple keys to authorize a Bitcoin transaction, rather than a single signature from one key. So I get it's not two signatures, but let's say he gets both halves of my private key and all 24 words, is that really any different security wise doing one signature or two with two different 12 word sets? He would have both anyway so it's a meaningless distinction and the technicality doesn't matter I would also add that it is as secure as multi signature but you don't need two or more signatures. But the separation of half your seed phrase acts just as secure as two different signatures even though you only need one when combining the other half. I see no security difference between having one signature and having a split seed phrase compared to two 12 word seed phrases that require two signatures as multisig. The main point here is to not have a single point of failure by having your whole seed phrase whether 12 or 24 words in one place.

@@cyberscrilla Yeah I guess that would be a better name for it for sure Split key And it's actually what I do instead of the bother of Shamir, avoiding Shamir

When your phone tells you to update the app. Just like any app that’s on your phone. Or you can turn on automatic updates. You don’t update the wallet. Just the app

@@cyberscrilla So do I turn on automatic updates within the Play Store ( from where I downloaded the App), or on my phone (within the downloaded Tangem App)?

Yep, regardless of any wallet you’re using, always understand what chain you’re sending crypto on and ensure your wallet supports that chain

You bet! 👍

The previously installed app on your device will be available if the ability to download it from App Store/Google Play suddenly disappears. The app works independently of Tangem's servers and will continue to work even if the company shuts everything down. You can also always download the Tangem app on GitHub.

That's a bad idea because if 1 card goes bad, you could lose all your crypto, depending on which seed phrase option you chose.. And yes, people have reported their cards going bad.

I mean you can give each person a card. But you can only have one wallet per 3 cards.

@@cyberscrilla ok got it only one wallet/ 3 cards (pack). Can we use 3 different smartphones for each card ?

@@ghifarimubarak7730 you can use as many phones as you want for all the cards. You’ll just need to know the access code when accessing the wallet on each new device.

What about it?

@@cyberscrilla bip39 and bip 84 they have different address but same seephrase

What do you mean?

@@cyberscrilla how does it give you the seed, on the app?

The wallet’s software randomly selects 12 random words from a wordlist containing 2048 words based on the BIP39 seed phrase standard. The software converts the chosen string of words into a binary seed, which it uses to generate a set of private keys and public address pairings. The private keys are then uploaded and stored on the Tangem cards.

@@cyberscrilla Thanks man, good work on educating

🫡 thank you

Interesting, I ordered another set two days ago and it’s being delivered today. You have a tracking number right?

yes I do however I do live in a werid are of UK. bought it with your link if I remember corectly so I am 100% that the website was legit. infact I bought it after watching good few of your vids :)@@cyberscrilla

dont use these cards, they are a living nightmare, my crypto have been stuck for days.. and so have many others.. they have problems all the time while other wallets work fine

Trust Wallet es una cartera de software, Tangem es una cartera de hardware. Tangem es mas seguro..

Nice! You could also create a 24 word seed phrase using another wallet and import it into Tangem, no need to wait if you don’t want as Tangem already supports importing 24 word phrases.

@cyberscrilla I can create a ledger after resetting him , but I don't trust ledgers anymore, so I will wait🥰

@greegp7400 Understandable 🤝

I talked about that in this video

@@cyberscrilla #8

Nope

Awesome!!

Sure, he made points on SOME things that aren’t available yet. But that doesn’t change the fact that SOME things he said was inaccurate, so I wanted to correct him. Also, there is always some level of trust. You’re either trusting the hardware wallet company, an auditor, or yourself (assuming the code is open source and you know how to read code).

That’s a given.

You’ll receive it your cards wouldn’t worry. Send them your order number and they can help you. Support@tangem(dot)com

Good stuff thnx for the info.I’m more happy now

@@cyberscrillaso how do migrate to another wallet since the Tangem I have randomly generated a seed phrase that isn’t visible?

@graceandpanic9281 you can’t migrate if you setup the card using the seedless option. You’d have to transfer your crypto to the new wallet. If you had chosen the optional seed phrase method during setup, then you could simply import your seed phrase into a different wallet (assuming you’re using the new version of the cards)

So whose software do you fully trust?

Incorrect

Of course. That’s the case for any wallet that utilizes a seed phrase. It’s just not convenient

Tangem already announced support for ICP is coming May/June

@@cyberscrilla How will this help the new cards I just received?

For some. Many people don’t use that feature. Also, passphrase is coming to Tangem by May/June

@@cyberscrilla ok and where do you type your passphrase? Let's remember other hardware wallets like keystone, TREZOR (touch screen) etc all allow you to enter this sensitive passphrase directly on the hardware device this is because a passphrase should never ever touch a hot device. So they are coming out with passphrase capability as you say right? Question, where do you enter this passphrase? Please please don't tell me the mobile device. I'd like to hear your response

Obviously the mobile device.

​@@cyberscrilla Ok, this is exactly my point. There are a LOT of people who use the Trezor Model T. When they plug it in to the computer, they interact with it via Trezor Suite, which shows the user the passphrase option and Trezor has encouraged the use of this big time (good practice and the fact that Trezor T does not has a secure element) So a LOT of people are aware of a passphrase. Now with this solution you are mentioning, it forces the user to enter the passphrase on a mobile device??? really??? This is a major security hole and you must know this. This is NOT as secure as a Cold card or Keystone Pro 3 or even the Trezor safe 3 which allows you to enter everything on the device. Based on this, please advise this to your users in your videos that this is NOT as secure as other hardware wallets. Yes, this wallet is physically "durable" but it is not as "secure" as of the 3 above I've mentioned. Please don't try to brush the passphrase off as a barely used feature. It is a very much used feature. Therefor we can conclude again that this is a durable wallet but no where near as secure as the 3 mentioned. Your users really need to know this. Let them be informed.

@@cyberscrilla you deleted my last response? Amazing

Ballin 😎

“Proper reviewer” lol

No? Other apps don’t interact with Tangem which is verifiable because the Tangem app is 100% open source

Many of his statements were factually false. I’m sorry you’ve had a bad experience with the cards. But that doesn’t make his statements any more true. Personally, I’ve used my cards for over a year with minimal issues, and I use them almost daily. Many other people are happy with Tangem too. There’s a wallet for everyone. I don’t expect everyone to like Tangem. The Safe 3 is awesome

Incorrect. You can generate and import 12-24 word seed phrase using Tangem just like any cold wallet. You can also import a passphrase (hidden wallet). If you want to learn more check out this video where I show how to set it up and answer more questions: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-OlAHxkyy96g.htmlsi=783I-ZqDGU5IxIvg

Yes you can. Maybe just not the way you want to… Not all tokens are available to sell directly from the app. So you either need to use a decentralized exchange to sell it, or send it to a centralized exchange and sell it there. It’s a user error. Not a card error. Happy to help if you want to provide more context.

What do you mean? I’ve been using mine weekly without any issues. P.S. Explaining your experience would be way more helpful than copy/pasting this same comment over and over again on my channel