How to Stake Crypto in Tangem Wallet! (Full Guide)

[@brianthenichols]

This becomes huge if they offer a USDT/USDC option as it gives us an opportunity to stake profits for 3 years while in a bear market, all while still holding our keys. Brilliant Tangem!! Thanks for the update!!

[@cyberscrilla]

They’ll definitely be adding more options to stake! Thanks Brian

[@nicoled5160]

Umm USDT has some shady business going on. More than their reserve, so do some research. I won’t use it. Coinbase doesn’t trust it

[@Brandon.80]

Thanks for sharing. Will move my SOL from Coinbase to Tangem now!

[@cyberscrilla]

Awesome!!

[@alexstone2571]

I already stake ATOM with Coinbase. Can't wait to move it to Tangem and ditch Coinbase all together.

[@cyberscrilla]

YES! That’s awesome. Coinbase sucks.

[@curiouspeople6441]

Much better than holding cash at the bank 🏦 😊

[@cyberscrilla]

@@curiouspeople6441 Good point. Way better returns.

[@skwurst]

HI great Video again. Is there any risk in staking? losing coins for examaple? Any reason AGAINST staking?

[@cyberscrilla]

There’s always some level of risk with anything you do. 1. Slashing: You can lose funds if your validator misbehaves. 2. Price Volatility: The value of your staked crypto can drop. 3. Lock-Up Period: Your funds are locked and can’t be accessed immediately. 4. Validator Risk: Poor performance from your validator can reduce rewards. Fortunately, Tangem partnered with reputable validators.

[@Amerdun]

Can't wait for Tangem to add stable coins to be staked, would be really nice :)

[@pierrec.9258]

Hello juste 1 question you didn’t adress: is there any KYC at any Time during this staking procedure? Especially during unstaking?

[@cyberscrilla]

No, there’s no KYC required for staking/unstaking via Tangem.

[@Y.Stan1]

When we will be able to get staking for rest of cryptocurrency like TAO , RNDR, EGLD and TET for example???

[@cyberscrilla]

Q4. Everything you need to know is in this article: tangem.com/en/blog/post/new-year-with-tangem/

[@philla1521]

Is there a reason why ETH isn't stake-able yet? I have seen another video how to stake ETH on the Tangem-wallet, but that looked like a real hassle with pancake swap and connecting the wallet to other exchanges. I would prefer not to do that to be honst.

[@cyberscrilla]

Couldn’t tell you. They’re currently working on adding Polkadot, Polygon, Cardano, Binance smartchain, Ton, Cronos, and NEAR to staking. So maybe after that they will implement more networks.

[@manueldavidribeiropereira6669]

Hello, could you please send a suggestion to TANGEM. (When we need to make an exchange or sale, there should be a button with a scale in the form of 1%-10-50-100% for the value that we want to exchange or sell) as things would be easier to do. Thank you, best regards and take care.❤

[@bappede33]

you can stake SOL; TRX and cosmos? Nothing else? Is there somewhere where i can check an updated list BEFORE buying the wallet?

[@TheContrarianThinker]

Nice summary, thx. One question I do have though is, if you stake an initial amount, to a specific validator, then stake more, to the same one, are those amounts held separately? Or all lumped into the same stockpile? eg. if I stake $300, then one day later I stake another $300 are they kept completely separate? I would hope so, in case something disreputable happens. Or, would you recommend to stake to different validators, for extra security? Cheers 👍👍

[@cyberscrilla]

It isn’t bundled. It’s staked separately. You can diversify your staking however you’d like. Personally, I just choose whichever has the best APR.

[@TheContrarianThinker]

@@cyberscrilla Thank you, for the clarification. Just one question, from someone who hasn't staked before, would you consider looking at validators who don't have a higher %, of the staked asset; for decentralisation purposes? I noticed the one Tangem promoted also has the highest level of staking %. Something like 2.6%, from memory. Just curious, another channel I watched stated they would look at validators that had a lower %.

[@cyberscrilla]

@TheContrarianThinker Sure, it’s up to you really. From my understanding, any fees charged by the validator is calculated into the APR you receive. So the ones at the top of Tangem’s list should still produce the best returns.

[@TheContrarianThinker]

​@@cyberscrilla Sorry for not being clear enough. I'm not referring to the fees' structure: I'm meaning the level of staking %. ie. if one validator accrues more than 50%, of the staking, then does that not reduce centralisation, of a given asset? Thereby defeating the purpose of decentralised cryptocurrency? This is obviously an exaggeration. That was the intent, of my initial query. Hope this is clearer. Thx.

[@cyberscrilla]

Choosing smaller validators helps maintain the decentralized nature of crypto, sure. And spreading your stake across multiple validators, including smaller ones, supports the overall health of the network. HOWEVER, as a staker, there are trade-offs when choosing smaller validators with a lower percentage of the total staked assets: 1. Stability: Larger validators tend to be more reliable. 2. Lower risk of slashing: Larger validators are often less likely to face penalties (slashing) due to downtime or malicious behavior, which means less risk for you as a staker. SO while smaller validators promote decentralization, they may come with higher risks, so balancing your stake between large and small validators could be a good approach… Again, it’s up to you

[@rowenadcis]

Is it possible to use tangem wallet app without the physical card? Thank you

[@cyberscrilla]

You need the card to approve transactions. So, not really.

[@michaelgraham8295]

great video quick question ...in the video i see solana was 7.50 apr.. for a year and if i unstake lets say 4 months will it be 7.50% or will it be less since i unstaked less than a year?

[@cyberscrilla]

The rate stays at 7.5%, but if you unstake after 4 months, you’ll earn less because you didn’t stake for the full year.

[@nicobester4809]

Thank you sir,staked also some solana.

[@cyberscrilla]

Awesome! Thank you for watching the video

[@tw106]

Why buy the current Tangem cards when a new version will be coming out with integrated Visa debit options that lets you use the card to make global purchases from your crypto?

[@cyberscrilla]

That’s not how it works. Tangem Pay is a completely separate product that will work with other wallets (Ledger, Metamask, etc) it’s not a wallet. Tangem is a cold storage wallet for storing and managing crypto. Thus, you will be able to use your Tangem wallet WITH Tangem Pay. Not as a replacement.

[@tw106]

@@cyberscrilla Oh, so the Visa thing is just software? Not a physical Visa card collaboration with Tangem? How do you pay in stores using the Visa?

[@cyberscrilla]

It’s a card. But you will be able to use it with other wallets.

[@benmiguel]

I assume staking Cardano is different. Would love to see a video about that if you have time to make it. I know you’re a busy man.

[@cyberscrilla]

Unfortunately, Tangem doesn’t support native Cardano staking at the moment.

[@darkphantom8207]

I wanna stake 1000€ solana but what if i wanna stop staking after 3 months, are there hidden fees?

[@Kyle-k4g]

Hello - Can you tell me if Pulse Chain Network is amongst the networks Tangem wallet support ? - Thank you

[@cyberscrilla]

Yes, Tangem wallet support pulsechain.

[@Guitar4life99]

I still don't fully understand staking, it (to me) feels super sketchy cause nothing is free in this world 😂need to do me some more learnin

[@asadmasudrana3993]

Thanks bro 🌹

[@cyberscrilla]

Thanks for watching!

[@mikibl]

Is there any problem with using two ( or many) sets of Tangem cards on the same device and an Android phone? Is there any chance to corrupt the app, or will the app show only the wallet connected to this particular card and corresponding password ?

[@cyberscrilla]

Nope. No problems. The app is designed so you can use multiple cards (wallets) in the same app on the same device. This video explains it more: kzbin.info/www/bejne/oaGxeqZ_fr-DeZYsi=0MqsTMqdtLY5_zls

[@mikibl]

@cyberscrilla Thanks for the clarifications. Have a great day!

[@3l3_3l3]

Thnx for the video I have issues with kaspa cant open it in tangem can u help

[@cyberscrilla]

@@3l3_3l3 what do you mean you can’t open it? If it says “No Address” simply tap the button that says “Get Addresses” and scan one of your cards.

[@dmvbotter]

Can you stack Bitcoin?

[@cyberscrilla]

No, Bitcoin is not a cryptocurrency that can be staked in general

[@cryptomiikey]

Is it safe to stake using Tangem. Will my coins be safe can I loose any of the coins staking on Tangem. Thanks

[@cyberscrilla]

Yes it’s safe. Your coins are still secured by your wallet while staked. And Tangem only works with reputable third party validators.

[@cryptomiikey]

Thanks for a swift reply appreciated great contents keep this up as its very useful info you provide unlike many others Thank you

[@cryptomiikey]

Last question sorry to ask after staking and price increases with Bull run or decreases how does this affect the staking part.

[@cyberscrilla]

@cryptomiikey Staking your crypto doesn’t change how its value goes up or down. And the deal you make when you stake stays the same. For example, if you earn $10 worth of Solana as rewards, the value of that Solana can still go up or down just like normal.

[@vijay_kolkata]

Thanks 🙏

[@cyberscrilla]

Thanks for watching!

[@scottytullis9724]

I don’t understand I have 500 dollars of Solana in my tangem wallet and don’t see the staking option?

[@cyberscrilla]

@@scottytullis9724 did you update the app?

[@trendingtopi]

mixer pro 2.0 wallet?

[@fajardojd26]

Just bought my tangem wallet. I just want to ask is it okay that there’s no like zip seal underneath of the box. It is only sealed with plastic and nothing like opening an iPhone bos that has a ripping zip seal underneath. Im just skeptical because maybe it is compromised? Hope i can hear from you. Thank you.

[@cyberscrilla]

Tangem doesn’t come with seals. Also, seals honestly do very little in terms of security. Hackers can use heat guns to take seals off and put back on without you ever knowing. That said, the Tangem app verifies your cards are authentic during setup. If it were compromised, the Tangem app will not let you set it up.

[@fajardojd26]

@@cyberscrilla how will i know if my tangem wallet can use 12 and 24 seed phrases? Because I don’t know if the one I bought is the 2.0 version 😅😅😅

[@cyberscrilla]

They don’t sell the old versions anymore. When you first scan the card it will say “Other Options” below “Create Wallet”, tap other options to setup a seed phrase. Don’t tap “Create Wallet” unless you want to setup a seedless wallet. You should watch this video. It will help you out with the seed phrase: kzbin.info/www/bejne/hZ2keauhrt5sbMksi=5EjL040EvvtPHTkH Also you should check out this ultimate FAQ video: kzbin.info/www/bejne/jmmmf6qNh56Gd9U

[@MrAmalthejus]

​@@cyberscrillawhat if the validator messes up and the network slashes solana, will I loose my solana?

[@cyberscrilla]

Like I said, Tangem partnered with REPUTABLE validators. So that’s unlikely.

[@joesmoe4664]

What is Staking?

[@cyberscrilla]

Crypto staking is when you lock up your crypto to help support the network and, in return, you earn rewards.

[@fair98fair]

Would be great if they had bitcoin staking

[@cyberscrilla]

You can’t stake Bitcoin in general.

[@fair98fair]

​@@cyberscrillayep, but i mean earn yield on btc. If michael saylor can do it now i hope we can do it in the future

[@nivo1102]

Not yet.. very small amount of validators

[@cyberscrilla]

You only need 1 validator to stake crypto.

[@nivo1102]

@cyberscrilla but I want to choose the best one that is not taking 7% fees and has more mev incentives. In addition, competition is always better.

[@cyberscrilla]

Couple things here… 1. There are already numerous validators to choose from. 2. That’s not a 7.5% fee it shows next to the validator. That’s your APR…

[@nivo1102]

​@cyberscrilla I know. 1.Only p-ops have 0 fees all others around 5-7% 2. You want to more then 1 validator just in case it's failed/dropped But that's great news to have staking that was the only reason I didn't used my tangem so much.

[@wrtun]

Damn!! Is that a iPhone 6s!!!?? I think you need to update that too 😂

[@cyberscrilla]

lol almost , it’s a 7 something. It’s only for videos. I use my 15 Pro as the camera for all my videos.

[@CopperSkinnedMamii]

Tangem definitely needs more options than eth to remove money. Or the ability to creat wallets smh.

[@cyberscrilla]

What do you mean?

[@TSDivine]

Any cons for using Tangem?

[@Solo6R]

I can't speak for alt coins but Tangem only offers a single receive address for BTC wallets,. They also have no way to air gap your keys, being that it's all done on the phone. They also don't have any multisig support. I don't personally know anyone that uses multisig, as multisig seems best for enterprise holders/wallets, but if you wanted to use it, you couldn't. It's not *entirely* open-source, so there isn't FULL transparency in that regard. I still use Tangem as a secondary wallet, but mostly just to hold BTC if I'm moving it around or setting up a new seed on my primary wallet, which is the Cold Card Q.

[@cyberscrilla]

@@TSDivine Some people will tell you yes, others no. It’s one of my favorite cold wallets. It’s by far the most user friendly and convenient to use. Also the most durable (great for traveling) if you’re into that.

[@Solo6R]

Oh come on CS. I gave valid criticism. It's about being transparent. Wasn't a stab at you or Tangem, just stating facts. Seems my comment was removed though?

[@cyberscrilla]

@@Solo6R Honestly don’t know what you’re referring to as my comment isn’t targeted at any one person. It’s simply a general statement with my own opinion at the end.

[@Solo6R]

@@cyberscrilla hmm I had wrote a comment with what I thought were some legitimate "cons" as the OP asked for, and the comment isn't showing. I got the impression you deleted it or something

[@pogi8638]

For some reason I can't stake my Cardano. Is anyone having this issue?

[@cyberscrilla]

Can’t tell if this is a joke or not But I mistakenly said Cardano in the video, that’s why I showed cosmos on screen to correct what I said. Cardano staking should be available eventually though.

[@pogi8638]

​@cyberscrilla thanks for the clarification your videos are awesome keep up the good work.

[@gossipmongersaunt774]

Can I stake TAO on tangem

[@cyberscrilla]

Nope. Currently just the ones I mentioned in this video.

[@huhu6759]

you stake and earn less than a cent for a whole year? that doesn't worth it sir

[@cyberscrilla]

@@huhu6759 have you not staked crypto before? You have to stake enough to make it worth it. And idk where you got the idea that i would earn less than a cent. The video clearly shows id earn $4 for staking $50.

[@smashtoshismackamoto4746]

Such a Let-down by Tangem. 3 coins? Really? Shameful.

[@cyberscrilla]

More coins are coming. I get it though. People will always complain no matter what. Such as yourself.

[@smashtoshismackamoto4746]

@@cyberscrilla I, unlike you, don't acquiesce to mediocrity. Waiting for something that should have been implemented a LONG time ago...diminishes the thesis for investing/holding. And now they celebrate scraps given? C'mon bro.

[@jimmyshelton8954]

you sure when i went to stake solana on tangem it said 7.5% fee

[@cyberscrilla]

That’s not a fee. That’s the annual percentage rate (how much you’ll earn annually).

[@jimmyshelton8954]

@@cyberscrilla are you sure because it said exchange fee for me when i went to stake my solana, so what that meant from my reading and understanding is they would take 7.5% of whatever you make when its staked when you cash out

[@jimmyshelton8954]

it was in small print so maybe you missed it? or it because of the amount im staking?

[@cyberscrilla]

I just did the process again. I don’t see an exchange fee. The only 7.5% I see is the APR. The only fee I see is the network fee which is not a staking fee. It’s simply the cost of the blockchain transaction.

[@jimmyshelton8954]

@@cyberscrilla went to redo it and check now that you said that and where it said exchange on mine before it now says validator so maybe i had a glitch but thanks for taking time to reply and checking