TANGEM WALLET: An Innovative Seedles Cold Wallet Setup

[satscraper]

Meanwhile Tangem mobile app continues to be polished.

The latest release, namely 6.4.1 makes Markets section ^{for example} displaying crypto, real-world assets, and Earn listings in one place. Also worth to mention that Transaction history section  has its own detail screen for every swap, send, and receive. Swap details show the provider and rate.

I love this app and relevant Tangem HW. Sure they have some shortcoming but with proper wallet use they are negligible.

[Pmalek]

What I think differently is that for small amounts of Satoshi, I am willing to exchange trust for convenience.
Tangem wallet and custodial Lightning apps are a good compromise for small amounts if they improve the user experience of Bitcoin.

OK. That makes it clearer. I would personally never consider running a Lightning node to send some pocket change here and there so I understand what you are saying.

I don’t see how using a custodial service (yes, even an exchange) to use a small amount of money can hinder the properties of Bitcoin.

People start feeling confident if things work out well the first time, or the tenth time, or the x time. The exchange held $50 and it's so simple and quick. Why shouldn't I try with $100 now. No difference. I will do $1k next... who am I kidding, I will do $5k...

A person with a strong character would define an upper limit early on and not change their mind just because early experiences were pleasant. It becomes troublesome if you forget about the risks and become the "it's not going to happen to me" guy. As long as you maintain control, it's fine.

[5W-KILO]

I don't know that this thread exists for Tangem wallet and most of my questions are already been answered, all thanks to @satscraper for dropping the link to this thread.

I really wanted this hardware wallet to work because I like the fact that it's in a credit card like format but the problems still persists.

1. This hardware wallet is a closed source, I have problem trusting any crypto wallets that choose to hide their wallet source codes for any reason.

2. Tangem wallets firmware can't be upgraded, this is a big red flag since it's non-programmable, users will be walking around with the first embedded firmware since the manufactured date, this part is a huge turn off for me, If firmware attack happens out of nowhere every Tangem wallet is going down with no way to patch it immediately

3. I have read few times on this forum that using one single address is not advisable, unfortunately Tangem supports only a single address which is a let down for people who prefers to generate different addresses for payment, enhanced security is lacking here too.

There is nothing else to learn about Tangem wallet anymore, on my end this is not a hardware wallet that I can recommend or use but I am sure there are others who will fill in the gap.