Tangem Ring Crypto Wallet
4.25 ⭐⭐⭐⭐
Tangem Ring Crypto Wallet
- The Swiss-based Tangem AG was founded in 2017 and specializes in NFC smartcard custody solutions.
- Tangem is noted for its break from the norm, offering crypto wallet cards and a wearable ring. It has sold millions of wallets, proudly claiming that its approach to security has ensured “zero hacks” over the last eight years.
- Investors include SBI Crypto Investments. The firmware has been audited by Kudelski (2018) and Riscure (2023). It partnered with Samsung to produce chips for its cold wallets.
- Security Features: 5.0 ⭐ 95%
- Supported Cryptocurrencies: 4.5 ⭐ 90%
- User Experience (UX): 5.0 ⭐ 95%
- Integration & Compatibility: 4.0 ⭐ 85%
- Backup & Recovery Options: 4.0 ⭐ 80%
- Wearable cold wallet
- Non-Custodial.
- iOS 13+ / Android 6+ via Tangem app; desktop via WalletConnect.
Purchase the Tangem Ring crypto wallet here from Tangem’s official website. Note that the Tangem Ring is not sold separately, coming as a pack of 2 Tangem Card Wallets + 1 Tangem Ring.
Tangem Ring Crypto Wallet
Keeping digital assets safe should be the number one priority for all crypto holders. It’s advisable to take your coins off exchanges – remember, “not your keys, not your coins” – and store them in a secure wallet. Most experienced holders use a hot wallet (online software) for day-to-day transactions, while keeping their valuable and long-term holdings in a cold wallet (offline, hardware).
Cold wallets typically come in the form of hardware devices, often resembling USB drives or card readers; however, Tangem takes a different approach with its wearable crypto wallet ring. Tangem’s NFC card wallet already made headlines for being seedless and battery-free, but the company has also miniaturized the same secure element technology into a wearable ring, promising hands-free tap-to-sign convenience while maintaining the seedless backup model. How does the Tangem Ring wallet stack up? Does it sacrifice security for convenience? Find out in our comprehensive crypto wallet review.
Key Features & Functionalities
Security Features
Features Samsung EAL6+ secure element in zirconia-ceramic band, seedless default with cloning to backup cards, NFC tap-to-sign, app biometrics, and tamper-resistant design for high-level protection.
Supported Assets
Supports 85+ blockchains and thousands of tokens like BTC, ETH, SOL, ADA, with ongoing app updates for new assets.
User Experience (UX)
Enables hands-free NFC signing with haptic feedback, no battery or boot-up needed, and fixed-size wearable design for convenient, always-ready access.
Integration & Compatibility
Integrates with Tangem App for portfolio, swaps, bridges, and NFTs; supports WalletConnect 2.0 for desktop dApps and optional seed phrase handling.
Backup & Recovery Options
Provides multi-device redundancy via bundled cards for access restoration; optional BIP39 seed export/import, though losing all devices without seed risks loss.
Pros and Cons of Tangem Ring
Pros:
Wearable Crypto Wallet. The crypto wallet is a ring that securely connects to your phone for transactions.
Battery-Free Device. No need to charge your crypto wallet.
25-year Lifespan. Tangem prides itself on device durability.
EAL6+ Secure Element. The security chip is embedded in the ring.
Seedless Backup. Tangem Ring comes with two backup cards, so no need for recovery phrases.
Cons:
Not Sold Separately. You must buy the entire Tangem Card + Ring bundle. You cannot add a ring to existing cards.
No Native Display. The wallet’s functionality is entirely dependent on connecting to the smartphone.
Fixed Ring Size. The Ring cannot be shaped or resized. A new bundle purchase will be necessary if the current one does not fit.
DeFi Limitations. The Tangem App does offer integrations with dApps and decentralized finance (DeFi) services, but it arguably lags behind rivals like Ledger and SafePal.
Security Features
Samsung CC EAL6+ secureelement
The chip is embedded in a zirconiaceramic band.
Seedless by default
The ring generates a random key and clones it to the two backup cards.
Taptosign NFC
There is no battery, USB, or radio. Your phone’s NFC field powers the Ring. NFC is the same type of technology used for contactless card payments.
Biometric + accesscode
via the Tangem app
Tamper-resistant resin packaging
The device is waterproof, dust-proof, and EMPresistant.
Supported Cryptocurrencies
85+ blockchains
Tangem supports thousands of tokens (BTC, ETH, BNB, SOL, ADA, XRP, etc.).
User Experience (UX)
Hands-free signing
Make a fist, tap the phone, and approve. The ring vibrates lightly (haptically) when a signature is completed.
Instant standby
No bootup required. The chip powers only during NFC field exposure.
Ring sizing
Choose ring size at purchase. It is notadjustable after production.
Integration & Compatibility
Tangem App
Portfolio, Swap/Bridge, NFT Gallery.
WalletConnect 2.0
connect to any desktop dApp.
Backup & Recovery Options
Multi-device redundancy
Any card can restore full access if the ring is lost.
Optional BIP39 export/import
Create an optional seed phrase.
Security & Risks Assessment
Tangem proclaims on its website that the company has sold over four million wallets with zero hacks. It has backed up this claim with published audits from experts like Kudelski (2018) and Riscure (2023), which found no backdoors. The Tangem Rings and companion Tangem Cards are built in such a way that they are not updatable, so this eliminates new attack vectors from firmware updates.
The primary risks associated with the Tangem Ring wallet are largely external. If users lose their Ring and backup Cards without having a seed phrase, they may never regain access to their private keys. While the Ring connects to smartphones via a secure and encrypted NFC field, there may be risks associated with using compromised devices. Tangem regularly publishes security advice to keep users informed of the best way to connect their Rings and Cards securely.
User Reviews & Community Feedback
Trustpilot Ratings & Reviews
Tangem currently has a score of 4 out of 5 on Trustpilot, although this is for the company as a whole. The Wallet Ring is singled out for praise in terms of its convenience and ease of use. Much of the criticism is reserved for slight issues with the Tangem App, connecting dApps, etc. On the whole, though, criticisms are minor, and Tangem has a good reputation on Trustpilot and other review platforms.
Reddit & Crypto Community Discussions
Tangem has always turned heads among the crypto community, thanks to its unique approach to crypto wallet design. On threads like r/Tangem, there is a deep-seated respect for the company’s cards and rings, which offer something different, while also acknowledging that this style of crypto wallet might not suit everyone’s tastes. Previous concerns about Tangem’s seedless approach are now largely moot, given that the company now offers the option of enabling a recovery phrase as backup.
Pricing & Cost Analysis
The Tangem Ring Wallet is sold as a device bundle, coming with two compatible Wallet Cards. You can think of the Tangem Wallet Cards as sister devices to the Tangem Ring and vice versa, as they will all be activated. The cost of the Ring bundle is $160, so it’s more expensive than the two-card bundle ($54.90) and the 3-card pack ($69.90). The price point puts Tangem Ring at the upper-mid tier of crypto cold wallets, comparable to the Ledger Nano X.
| Feature | Tangem Ring Set | Trezor Model One | SafePal S1 Pro |
|---|---|---|---|
| Connection | NFC ring + cards | USB cable | QR camera device |
| Secure Element | EAL6+ | No. Flash Memory | EAL6+ |
| Battery | None | None | 500 mAh |
| Seed Phrase | Optional | Mandatory | Mandatory |
| Display | Uses phone screen | Uses phone/PC screen | 1.3″ colour |
| Supported Chains | 85+ | 15+ | 200+ |
| Price | $160 | $49 | $89 |
Final Verdict & Recommendations
The main selling point of the Tangem Ring is within the device’s design. As a kind of smart ring, you can wear your crypto wallet all the time, securely connecting to your smartphone to sign transactions. It’s not style over substance either, as Tangem’s reputation for security is second to none. The Ring comes equipped with a Secure Element EAL6+ chip, which is used in many premium cold wallets. The drawbacks largely depend on the crypto holder’s personal sentiment and are mainly centered on the fact that you need to pair with an NFC-based smartphone to use the device.
We see the Tangem Ring crypto wallet as a good choice for experienced crypto users who value convenience. Beginners, too, can easily use the device, and we should remind you that it’s part of a bundle with the easy-to-use Tangem Card Wallets. While we appreciate that wearing a crypto wallet ring is not for everyone, Tangem has a loyal following that admires the brand’s approach to innovative design. We give the Tangem Ring Wallet 4.25 out of 5.
Our Rating
4.25 ⭐
⭐ 4.25 | Tangem Ring Crypto Wallet
FAQs
Is the Tangem Ring Wallet the safest cold wallet?
Cold wallet providers employ different approaches to security, making it a matter of opinion to determine the most secure crypto cold wallets. The Tangem Ring Wallet offers numerous security benefits, including a Secure Element Chip and Seedless Backup. Indeed, some commentators have pointed out that the device’s discretion (it does not resemble a crypto wallet) makes device theft even less likely. It marries convenience with robust security, although it is worth reminding users that the ring wallet should only be paired with a trusted (your personal) smartphone device.
Can I store multiple cryptocurrencies in this wallet?
Yes. At the time of writing, Tangem supports a wide range of tokens across 85 unique blockchains. This includes all the “big hitters” like Bitcoin, Ethereum, Solana, XRP, and numerous memecoins, such as Dogecoin, Pepe, and Shiba Inu. The ring contains your private keys, connecting to the Tangem App, which is constantly adding support for more chains and specific crypto projects.
How does the Tangem Ring Wallet compare to the Trezor Model One?
The Trezor Model One was one of the earliest crypto hardware wallets, and its success has meant that many see it as the ‘typical’ cold wallet, at least in terms of appearance. The Tangem Ring Wallet couldn’t be more different, designed as a wearable ring and offering supreme convenience – simply tap and go. That said, the Model One is significantly cheaper, coming in at around one-third the price of the Tangem Wallet bundle (2 Cards + 1 Ring). If you want a reliable but cheap crypto cold wallet, the Model One is the way to go. If you want convenience and a unique approach to security, consider the Tangem Ring + Card bundle.
Does Tangem Ring Wallet support staking and DeFi?
Yes. Tangem users can access DeFi services, swaps, and staking via the Tangem App, as well as 3rd-party dApps via the WalletConnect platform. While Tangem has been growing its compatibility with the wider crypto ecosystem, some experts believe it still lags behind providers like Ledger and SafePal in this respect.
How can I recover my wallet if I lose access?
Tangem’s products are promoted as seedless wallets. This is a different approach to most (hot and cold) wallet providers, who generate a secret recovery phrase to restore access should you, for example, lose the device. Your backup for your Tangem Ring will effectively be the two Tangem Card Wallets that come as part of the pack. However, it’s also worth noting that, after community feedback, Tangem does now offer the option of a recovery phrase to restore wallet access, although it is not by default.
Best Security Practices for Crypto Cold Wallets
If you have chosen to buy a cold wallet, then you have taken the best approach to securing your digital assets. With a cold wallet, your private keys are offline, broadly making them inaccessible to hackers. However, there are always additional steps you can take to make your cold wallet more secure and ensure you do not fall afoul of crypto scams and security breaches.
- Ensure your cold wallet has not been tampered with. Check the packaging and device when you receive it. Trusted cold wallet brands like Tangem will gladly replace devices for free if there is evidence of tampering.
- Only buy your cold wallet from trusted sources, including the official website of the cold wallet provider. Avoid unverified third-party re-selling platforms.
- When signing transactions or using dApps, only connect your cold wallet to personal, trusted devices, such as your personal smartphone or home computer.
- Take advantage of all additional security methods provided by the wallet and compatible apps, such as passphrases, PIN codes, Face ID, etc.
- Store wallet recovery information in a secure location, e.g., a safe. If you are using Tangem Wallet Cards and Rings, keep at least one device in a secure location.
- Engage with the crypto community so you can keep abreast of security trends and new threats. Tangem is active on X, Telegram, LinkedIn, Discord, YouTube, Instagram, Facebook, and Reddit. Follow Tangem on your preferred platform to stay up to date on crypto security issues that may impact your wallet.