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00:00:00 – 00:06:54
The video reviews the Tangem hardware wallet highlighting its durability and support for thousands of cryptocurrency tokens but points out its limitation in not supporting HD wallet structures. It emphasizes the need for multiple wallets for backups and geographic separation for security. The discussion also touches on trust issues related to hardware wallets, recommending setting passwords and being cautious during travel. A compact hardware wallet ideal for travel is mentioned, with advice to avoid storing high-value assets on it. The conclusion stresses the importance of research before choosing a hardware wallet and encourages engagement with the channel.
00:00:00
In this segment of the video, Archer Bullseye reviews the Tangem hardware wallet, which is claimed to be able to withstand ice baths and physical damage. The wallet has an RFID card with a 25-year warranty, supports over 6,000 cryptocurrency tokens, and is backed by responsive customer support. However, a key issue is that the Tangem wallet does not support HD wallet structures, meaning it lacks the ability to restore wallets via seed phrases. This makes it crucial to have multiple Tangem wallets for backups as each wallet is its own recovery option. Geographically separating these cards after backing them up is recommended for security.
00:03:00
In this segment of the video, the speaker discusses the issue of trust regarding a hardware wallet. The software on the phone that interacts with the wallet is open-source. However, the firmware on the actual wallet could not be verified, raising concerns about the security of keys and funds. The speaker highlights the potential for the wallet to be a target for theft due to its labeling as a multi-currency hardware wallet. They recommend always having a password set on the wallet for security. Additionally, the speaker advises not carrying crypto on you when traveling through airport security, emphasizing that wallets are just keys, and the blockchain is non-geographical. The speaker concludes by stating that while the wallet has some pros, they do not recommend it for long-term or high-value storage due to potential security risks.
00:06:00
In this segment of the video, the speaker discusses a compact hardware wallet that is ideal for traveling as it does not require additional connections or plugs, only your phone for operation. It is portable and slim enough to fit in a wallet for convenience. The speaker advises against storing high-value items on the wallet. They emphasize the importance of conducting thorough research before selecting a hardware wallet. Additionally, viewers are encouraged to comment, like, and subscribe to the channel.