Why I do not like Tangem Wallet (Patreon)

We have a Wallet Expert in the team and we analyzed this wallet way back when and this is the summary - ps this was triggered by my Security Post this morning.

I know I am going to call someones baby ugly ie if they have this wallet, they will be upset but we reviewed it... and here are the Top 3 Reasons I do not like the Tangem Wallet

While Tangem is popular for its easy-to-use card shape and tap-to-pay features, here are my concerns.

1. Too Much Influencer Hype

As I say if it is shilled hard it is a scam.... Tangem is often pushed by influencers using discount codes and affiliate links. These promotions can make it seem more trustworthy than it really is, especially to people who don’t know much about wallets. For example, some partnerships (like with Bad Idea AI) focus more on marketing than on giving honest reviews. This leads many to believe Tangem is more hype than substance.

2. Not Open Source

Even though the Tangem app is said to be open source the most important parts—like the firmware and chip security—are closed source and private (like Ledger wallets). This means independent experts can’t check what’s really going on inside the wallet, which is a big deal in crypto where trust usually comes from full transparency. This drives our wallet expert NUTS... ie it really freaks him out.

3. No Built-in Screen for Verifying Transactions

Most hardware wallets have a screen so you can double-check your transactions directly on the device. Tangem doesn’t. Instead, you must use your phone to confirm everything. If your phone gets hacked or has malware, you might not notice if something goes wrong, like sending crypto to the wrong address.

TLDR

You can shoose whatever wallet you like, but if shillers are pumping it that know nothing about security - that is a red flag for me. Closed source is the kiss of death.