The world's first ring-shaped hardware wallet: the Tangem Ring

Over the past week, Tangem released a new hardware wallet in the form of a ring, which users can wear like a normal ring. This marks a new era for hardware wallets. Previously, Tangem launched a credit card-sized hardware wallet, which was well-received by users.

This latest Tangem Ring hardware wallet offers great convenience, allowing users to perform transactions simply by tapping the ring on an NFC reader to confirm, all while incorporating Tangem's high level of security.

Tangem Ring is currently available for pre-order on the Tangem website. You can pre-order it here. Deliveries are expected in late October this year.

What can Tangem Ring do?

The Tangem Ring is the world's first ring-shaped hardware wallet designed for convenient and secure daily use. Let's look at some of its key features:

Security Features

Tangem incorporates the following security features into the Tangem Ring:

EAL6++ CC Certification Security Standard: This is currently the highest security level available on the market.
Independent Audit: Audited by security firms Riscure and Kudelski, who confirmed that the Tangem Ring has no vulnerabilities or backdoors.
Physical and Digital Protection: The ring must be removed to access the wallet, which operates via NFC on a mobile phone and requires a PIN for access, ensuring security even if lost.

Durability and Design

Material: Made from hypoallergenic ceramic, resistant to scratches, dust, water, and temperatures from –25° to 50°C (IP68 standard).
Design: No external brand logo, making it inconspicuous and similar to an ordinary ring.

Comprehensive Functionality

The Tangem Ring is not only a modern hardware wallet but also capable of managing your digital assets.

Digital Asset Management: Functions like a typical hardware wallet, allowing you to buy, sell, exchange, or stake coins.
DeFi and dApps Compatibility: Tangem Ring supports integration with DeFi and dApps for convenient use.
Backup Process: The Tangem Ring comes as a set with two additional Tangem cards for backup. If the ring is lost, these backup devices can be used to unlock and access the wallet.

What's included with the Tangem Ring?

Image source: Tangem Unveils Crypto Ring At 2023 Cardano Summit

The Tangem Ring comes with one ring and two Tangem 2.0 backup cards, connecting via NFC. If you have used the previous Tangem 2.0 card set, you will be familiar with Tangem's usage. But even if you haven't, it is a relatively easy-to-use hardware wallet, as follows:

Download Tangem App: To start using Tangem.
Access Wallet: Remove the ring and tap it on your phone's NFC reader.
Enter Access PIN: Enter the Tangem App access code to manage digital assets.

Future Updates

Tangem plans to introduce additional new features for the Tangem Ring, including the ability to make direct crypto payments with the Tangem Ring. This feature is expected to be available in 2025, which will significantly enhance the Tangem Ring's functionality.

Conclusion

In the early days, hardware wallets were quite difficult to use. Many brands have continuously developed hardware wallets, from being exclusively computer-compatible to also working with mobile phones. Today, there are various types of hardware wallets available for users to choose from according to their preferences, whether it's a touchscreen model, a small and portable device, a card-style, or the latest ring-style.

The Tangem Ring represents a significant leap forward for hardware wallets, allowing users to manage their digital assets conveniently and securely. If you are interested in this new innovation, you can pre-order the Tangem Ring here.

Reference

Tangem Official Blog: https://tangem.com/en/blog/news/

Get Tangem Ring and Enjoy Three Free Swaps with Changelly:

https://tangem.com/en/blog/post/tangem-ring-changelly/

Tangem Unveils Crypto Ring At 2023 Cardano Summit: https://tangem.com/en/blog/post/tangem-cardano-summit-2023/