Tangem vs Cypherock X1 Cold Wallet - Choose Wisely!

[@cyberscrilla]

Which wallet would you choose and why? Let me know. Also use my discount code “CYBERSCRILLA” on either wallet to save some money! Peace be with you. - Alex

[@bucharestred]

I am baffled as to why you only have 7000 subscribers. Some of the clearest content on KZbin today. Thank you.

[@cyberscrilla]

Wow, thank you! 🙏

[@CelticKali]

Just stumbled on your video after purchasing Cypherock and waiting for it to land. I really appreciate the thoroughness of your review. After hearing everything you said, I'm happy I chose Cypherock over Tangem. (I also agree re: the number of subscribers to your channel: it's so hard to find srsly high quality on here when you're new to the crypto scene and I had to muddle through without you. Am thinking that sharing your posts on X would be a great idea: the perceived barriers to entry re: understanding the fundamentals of crypto are huge. Everyone who doesn't yet understand the basics needs you:-).

[@LikquidDutch]

I like Tangem but I still use my old school ledger. I know its a bit more inconvenient but used it forever don't wanna change just yet.

[@oliverdao5961]

Do u have to enter your seed phrase in your app on your phone every time us use or Open your tangem wallet?

[@oliverdao5961]

Therefore your seed can be captured if u have a big on your phone while using the tangem app…

[@oliverdao5961]

Bug

[@cyberscrilla]

No. The only time you’d enter your seed phrase when using Tangem is if you’re importing a seed phrase from an existing wallet.

[@a1isrising]

​@@cyberscrilla so if u did have a bug on the phone then using tangem would keep it safe because your not using the seed phase at anytime and its not ever shown on the phone ? this is if you have the tangem that doesnt have seed phase , i have that one i have not upgraded to the new one yet

[@cyberscrilla]

The seed phrase is not stored on the phone or in the app. It’s only displayed on the phone briefly so you can record it.

[@Bruceonthelose]

I don't see the difference between seedless and seed phrase an why some dont like it You write down your seed phrase and you put it in you're safe an maybe another in a safety deposit box You do the same thing with seedless wallet You get the 3pack hold on to the one for daily Use the other one you put in your safe And then the third you put in a safety deposit box it's the same difference Unless you're memorizing your seed phrase.

[@dabroad4086]

Need your opinion on Arculus wallet. Looks very similar to Tangem but want your input

[@cyberscrilla]

I haven’t used Arculus, I’ll have one soon hopefully. But here’s what I do know. Tangem and Arculus are somewhat similar. • They both use NFC antennas to communicate with your mobile device • They both use EAL6+ Secure element chips • They are both mobile only Here’s some differences: • Arculus comes with 1 metal card • Tangem comes with 3 plastic cards • Arculus is completely closed-source • Tangem’s app is open source • Arculus has not been audited • Tangem has been audited by 2 security firms • Arculus costs $99 • Tangem costs $55 for 2 cards or $69 for 3 cards Also, Tangem supports more coins.

[@dabroad4086]

Thank you for your reply. I personally am leaning toward the Arculus just because there is only one card instead of multiple. But i haven't invested in either yet. With security levels being equal is why I lean toward the Arculus. Awaiting your review first...@@cyberscrilla

[@sagarsriva]

Great video. Tangem has these problems 1) no way to set custom transaction fee 2) wallets have only one address per coin. That is sad. 3) Every coin swap, they are charging their cut.

[@cyberscrilla]

Thanks. A correction though. Tangem doesn’t charge fees to send or receive crypto these are blockchain fees. And fees for "Buy" and "Swap" transactions are charged by their liquidity partners like Changelly, not Tangem. - Alex

[@sagarsriva]

@@cyberscrilla I am aware of network fee. I am talking about them taking a cut. I saw it somewhere in their docs and also somewhere in the app. worth double-checking.

[@samacumen]

Those are really important points highlighted. Makes me not want Tandem but Cypherock instead.

[@cyberscrilla]

They do not take a cut.

[@KidCool123]

Hi If I transfer my Robinhood Bitcoin to a cold wallet and then later on transfer it back to Robinhood in order to sell it, will Robinhood still be able to generate a 1099 for that tax year? Also, lets say I transfer my Bitcoin from another exchange to my cold wallet and then later on decide to sell it, can I transfer that same Bitcoin to Robinhood in order to sell, or would it need to be transferred back to that exchange and then sold from there for tax purposes? Lastly, when I transfer my Bitcoin from Robinhood and another exchange to my cold wallet, can I put them in the same Bitcoin address that I put my Robinhood Bitcoin, or should they be seperated for future tax purposes. In other words would separating them effect the purchase amounts and date purchased history? Thanks!

[@cyberscrilla]

I’d speak to your tax advisor

[@a1isrising]

can you get your BTC off Robinhood last i checked you can not transfer crypto off RB at all only sell it

[@sommasculpture]

Just link your wallet and Robinhood to Coinledger for all your tax needs. You can use multiple different exchanges and it compiles everything for you

[@MegaHarshMehta]

@cyberscrilla ... do we need undergo kyc process for using these cold wallets ?

[@cyberscrilla]

Nope.

[@freeradical1567]

What about Arculus?

[@cyberscrilla]

Never used it

[@ventapsn-chile3150]

Have a question about My tangem , how I can pay less fees to send My btc to My tangem? In binance I pay almost 20$ for 1 transaction

[@cyberscrilla]

There’s no way around it really. Fees are determined by how congested the blockchain network is.

[@ventapsn-chile3150]

@@cyberscrilla I mean can I send My btc to tangem by another chain? Or it's only avalaible in the BTC chain (sorry my English)

[@cyberscrilla]

Yes, you can use a process called "wrapped" Bitcoin, where Bitcoin is tokenized on another blockchain. This allows you to use Bitcoin on other chains, often with lower fees. DYOR on this

[@ventapsn-chile3150]

@@cyberscrilla thanks!!

[@oliverdao5961]

Hence why byc is shit coin..high gas cost..eth as well..

[@samacumen]

Great content brother.

[@cyberscrilla]

Thank you!!

[@kubii2404]

I ordered the Tangem 2.0 wallet after watching your video. I binge read comments in your video about it before it came so I was expecting it to come with the seal broken but it came completely sealed and now I’m Sus 😭 is it just me lol

[@cyberscrilla]

Nothing to worry about. As long as you order from Tangem you’re fine. Also, the Tangem app would notify you that the cards are fake during setup. To my knowledge, there has never been a fake or compromised Tangem wallet

[@kubii2404]

@@cyberscrilla thanks for replying & the discount code, I got it set up works great! 😌 Only sad thing is I couldn’t use it to put BTC in but that’s my fault. I didn’t know there are diff types of btc addresses. Tangem support told me I have a (P2SH) multisig btc address and that it’s not supported. Would you happen to know and recommend me a cold wallet that does?

[@crossing3790]

feel great about my tangem

[@cyberscrilla]

Happy to hear that! :)

[@freeradical1567]

Great presentation !

[@cyberscrilla]

Thank you 🙏

[@CopperSkinnedMami]

Guess it doesn’t matter the wallet at this point, these companies will sell out and your at risk to loose it all. This world is honestly going to the dogs, an it’s super irritating at this point can’t trust nothing or no one smh.

[@cyberscrilla]

What are your talking about

[@kubii2404]

@@cyberscrilla lol 🤣

[@androidfixer7052]

What about bitbox02

[@cyberscrilla]

What about it? This is a comparison of Tangem and Cypherock, two card based wallets, not Bitbox.

[@androidfixer7052]

@@cyberscrilla I mean did you make a video on it?

[@cyberscrilla]

No I haven’t. You can see all my wallet review videos on my channel playlist under “Hardware Wallet Reviews”

[@finnjupiter1979]

4GB for the cypherock app? wtf

[@cyberscrilla]

Crazy

[@hareshsanichara8352]

Buy stuff with iit😊

[@cyberscrilla]

It’s not a bank card. So you can’t use it at a grocery store for example.

[@OMGWUNSIU]

New iPhones have problems with NFC so I am unable to use these cards!

[@cyberscrilla]

I have the newest iPhone and have zero issues. Also, you can’t use Cypherock with a mobile device, it’s desktop only so not sure what you mean. - Alex

[@Franz-jb1dg]

Android all the way

[@sagarsriva]

Don't buy garbage iScrewed tech.

[@Hmmm313]

How much easier Tangem..

[@cyberscrilla]

Tangem is definitely a quicker setup. But Cypherock is pretty easy still.

[@Hmmm313]

Seeds r history…..

[@cyberscrilla]

I like to know my seed

[@ionescuion3251]

These kind of wallets are not very reliable , they dont have a display in order to check the transaction data.

[@cyberscrilla]

Did you watch the video? Cypherock has its own screen. Watch before commenting next time

[@The01Arsenal]

Brain ded

[@ionescuion3251]

@@The01Arsenal maybe you, as to Cypherock I havent noticed ,but tangem doesnt have a display.