Tangem Wallet: The Card Without a Seed Phrase vs the Classic Hardware Wallet

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The Tangem Wallet secures crypto with two or three identical cards instead of 24 words. What the sets cost, what the EAL6+ chip delivers and why losing every card is final.The Tangem Wallet is a hardware wallet in the format of a bank card, and it works without a battery, without a cable and, in the standard case, without a seed phrase. The two-card set costs 59.90 euros, the three-card set 69.90 euros. The private key is generated inside the card's chip and never leaves it. The backup runs through a second and a third card that carry the same key. Both the great advantage of this design and its biggest risk follow from exactly that. For you as an investor in Germany, this is a trade-off between two sources of error. With a classic hardware wallet the seed phrase is the weak point: anyone who photographs it, types it into the cloud or stores it carelessly loses their holdings. With the card wallet that sheet of paper does not exist in the first place, but everything then hangs o...