This hardware wallet definitely have unique design. Although $160 price would discourage people from buying it when their competitor offer cheaper hardware wallet. And whileIt is not even about the price of the ring hardware wallet but about privacy and safety. Some people can know the difference between the wallet and other wallets and this might lead to no privacy and physical attack. If I have a hardware wallet, I will prefer to have it save someone at my home than to be wearing it about.carryingwearing it outside our house sounds unsafe things to do, i guess some people would prefer keeping their valuable with them all the time.
This hardware wallet definitely have unique design. Although $160 price would discourage people from buying it when their competitor offer cheaper hardware wallet. And whileIt is not even about the price of the ring hardware wallet but about privacy and safety. Some people can know the difference between the wallet and other wallets and this might lead to no privacy and physical attack. If I have a hardware wallet, I will prefer to have it save someone at my home than to be wearing it about.carryingwearing it outside our house sounds unsafe things to do, i guess some people would prefer keeping their valuable with them all the time.
It is not even about the price of the ring hardware wallet but about privacy and safety. Some people can know the difference between the wallet and other wallets and this might lead to no privacy and physical attack. If I have a hardware wallet, I will prefer to have it save someone at my home than to be wearing it about.
I also prefer to have the wallet at home, but depending on the use we give it, the ring can be very useful. If we live (or visit) a place where we make payments with Bitcoin or other cryptocurrencies in our daily lives, the ring is easy to use and most importantly, no one has to know that the ring we are wearing (except stores) is for make payments. I suppose it is a matter of taste, of the use we give it, but above all of being clear about the necessary security.Yes it would be a matter of preference. If I make use of bitcoin for frequent transactions, I will leave some of the coins on my hot (mobile) wallet which I will be using for the frequently payment. But I do not like the idea. I will prefer to spend fiat. I do not like the idea because people that you sent the coins can trace the coin to you and know about some of your other coins if not spending it wisely. You may need a mixer for it every time. I can easily covert to fiat which makes me prefer it than to go for extra stress of privacy than usual.
That's definitely a unique design there. But for it only to be used using the mobile wallet? It does not make any difference from any mobile wallet available then. So i will prefer to use a mobile wallet instead. Well, it depends on personal preference, maybe for collectors, that would be another item to be added.I wouldn't say that ring shape is unique design.
Tangem Ring supports cid-phrase importI'm new to this term, can anyone explain more?
I'm new to this term, can anyone explain more?I think that's a typo. Judging from their description on the webpage[1], they're referring to seed phrase just like other wallets. Not sure how the process is done, but assuming the ring offers no UI you'll definitely need your phone to manage it. I don't think that's new considering we've seen NFC-based wallets or something similar in the past. Not to mention their description basically says the ring is just another form of their card. CMIIW.
And how is it imported? Will the phrases be displayed on the phone screen?
Tangem Ring supports cid-phrase importI'm new to this term, can anyone explain more?
And how is it imported? Will the phrases be displayed on the phone screen?
I have tangem card, and ring also works similar, you swipe tangem ring to your NFC enabled phone, and tangem app will let you do the rest including importing seed phrase.You mean the same APP that leaked backup keys that resulted in people losing all their coins? :P
I have tangem card, and ring also works similar, you swipe tangem ring to your NFC enabled phone, and tangem app will let you do the rest including importing seed phrase.You mean the same APP that leaked backup keys that resulted in people losing all their coins? :P
I don't have any idea about that, can you link me news?C'mon man, don't be that lazy,there a re a bunch of articles written about that ;)
I don't have any idea about that, can you link me news?C'mon man, don't be that lazy,there a re a bunch of articles written about that ;)
They claimed this ''bug'' is now fixed and they even wrote an article about that on their website blog page:
https://tangem.com/en/blog/post/tangem-resolves-log-issue/
I also don't like they are pushing users not to use seed words backup... that could result in even more catastrophic losing of coins.
If Tangem goes bankrupt or hacked, there won't be any way to recover your coins on any other wallet.
Yeah, I searched just after making the comment. I am done with tangem here on and will be moving to trezor. Trezor is really expensive here for some reason so decided to be cheapass and bought tangem, and it has bit me in the ass.Trezor Safe
Yeah, I searched just after making the comment. I am done with tangem here on and will be moving to trezor. Trezor is really expensive here for some reason so decided to be cheapass and bought tangem, and it has bit me in the ass.Trezor Safe 5 is not that expensive, and there is always option of making DIY Trezor, but you can also check out Satochip.io if you prefer to have card format with open source firmware.
That is much better option than Tangem, and price is cheaper and delivered in the envelope.
Jade wallet is another decent option, but it supported coins are BTC, L-USDT and L-BTC.
Trezor 5 is very expensive, about $300 on Trezor's official retailer here, if it was selling for $169 as on official site, I would have bought it. I'll stick with Trezor currently for it's trusted and been around for awhile.Yeah sorry, I meant to say Trezor Safe 3, that is around $80 and much cheaper than Trezor Safe 5.