Best Tangem alternative in 2024

Best Tangem alternative in 2023

Two major wallets in the market today include Xellar and Tangem. Choosing the right wallet for your crypto is very important to protect and manage your assets. Making the wrong decision will leave you with regrets and more problems to deal with than problems solved. Let’s look at some of the differences between what these two companies have to offer.

Xellar vs Tangem - A Snapshot

Features	Xellar	Tangem
Importing other Wallets	✅	❌
Non-Custodial Wallet	✅	✅
MPC Recovery	✅	❌
Cold Wallet Integration	✅	✅
Wallet Connect	✅	✅
On/Off Ramp	✅	❌

What are you missing on with Tangem?

In the ever-evolving world of cryptocurrency management, savvy users are on the lookout for the best Tangem alternative in 2023, and Xellar emerges as a compelling choice. While Tangem has been a frontrunner for low-cost cold wallet, it has some notable gaps that Xellar seamlessly fills. So, when it comes to finding the best Tangem alternative in 2023, Xellar shines as a comprehensive and forward-thinking choice for crypto enthusiasts and investors alike.

Importing other Wallets

Tangem’s Wallet App cannot work without the Hardware wallet. This means to use the Tangem App you need to purchase Tangem’s hardware technology.

In contrast, Xellar provides you with the option to create and import other wallets into the Xellar application without purchasing the Xellar Card. Xellar App gives you the option to create an MPC wallet, create a non-custodial wallet or import another wallet like Metamask.

MPC Recovery

Tangem is a non-custodial wallet, which means users must diligently store and safeguard their seed phrases as there is no central entity responsible for account recovery. This is often a concern for most Tangem users as there have been many cases where the seed phrase has been lost, or forgetting making the account un-recoverable.

In contrast, Xellar goes above and beyond by offering users a choice between a non-custodial solution and the innovative MPC (Multi-Party Computation) technology. This unique approach allows you to create and secure your wallet in a more user-friendly manner, offering the convenience of social logins like Google.

On/Off Ramp

When searching for the best alternative to Tangem in 2023, it's important to understand the utility concerns associated with Tangem. Tangem has lacks a number of key DeFi features that make a Wallet usable, such as On/Off Ramp

Unlike Tangem, Xellar allows users to purchase or sell cryptocurrency right in the Wallet. This means for people new to crypto, they can easily purchase a wide range of new cryptocurrencies without going through an exchange.

Find out more about the Xellar Card here.

What is Xellar?

Xellar is the next generation non-custodial application, integrated into the DeFi world. Download Xellar on the App Store & Play Store. Integrate with Xellar’s cold wallet technology.