In a video, Sam emphasizes the importance of having a cold storage wallet or multiple solutions to store cryptocurrency safely, especially during a bull or bear market. He reviews the Tantrum wallet and lists some pros, such as its durability and inconspicuousness, as well as its ability to connect to decentralized exchanges. However, he also notes that it may be less secure than other cold storage options and that one-word passcodes can be a potential vulnerability. Despite this, Sam recommends the Tantrum wallet, highlighting the company’s longevity and investment from SBI Group.
Why Cold Storage Wallets are Essential
Cryptocurrency has become a popular investment option among people, encouraging investors to look for secure and reliable ways to store their digital assets. One such option is the cold storage wallet, which offers a safe and secure method to store your crypto offline. In this article, we’ll explore the pros and cons of the Tantrum wallet as a cold storage option.
The Need for Cold Storage
It has become evident over the past few years that having a cold storage wallet for your crypto assets is essential. With the rise in exchange hacks and thefts, it is crucial to have a secure and reliable method to store your assets offline. The Tantrum wallet is a great option for those looking for a secure and beginner-friendly cold storage wallet.
Pros of Tantrum Wallet
One of the significant advantages of the Tantrum wallet is that it is very durable, as it can withstand freezing temperatures and up to 120 degrees Fahrenheit according to the website. The wallet also comes with multiple backups, which means that you will have backup cards in case you lose or break one.
The Tantrum wallet is also less conspicuous compared to other cold storage wallets, making it an excellent option for users who want to keep their assets low-key. Setting up the wallet is straightforward and quick, and it comes with quicker access using a mobile phone instead of the traditional hardware wallet that requires plugging it in.
Another advantage is the Tantrum wallet’s ability to connect to Decentralized Exchanges (DEX) like PancakeSwap, providing users with additional flexibility in trading and exchanging assets.
Cons of Tantrum Wallet
One of the downsides of the Tantrum wallet is that it is less secure than holding private keys, making it more accessible if someone has your access code. Another negative aspect is that the wallet can be reset if you forget your access code, which can be a security concern.
It is also worth considering the company’s track record and how many units they’ve sold before investing in a cold storage wallet. The Tantrum wallet has been around for a while, and their partner status with the channel and SBI group speaks to its credibility.
Overall, the Tantrum wallet is a good option for those looking for a beginner-friendly, secure, and durable cold storage option. However, it is essential to weigh the pros and cons before investing in any cold storage wallet to ensure that your assets remain safe and secure. Remember to always do your research and partner with reputable companies to safeguard your crypto assets.