Why Cold Storage Matters
In this new era of crypto the idea of safe storage, easy transfers, and why cold storage matters…matters.
In a world where headlines about hacked exchanges and lost fortunes are all too common, self-custody has become not just a best practice—it’s a necessity. As a financial writer and someone who spends a fair amount of time thinking critically about risk, I can’t stress enough the importance of keeping your crypto safe. That’s where cold storage solutions like Tangem come in.
Tangem: The Swiss Army Knife of Cold Storage
Tangem is a Swiss-based hardware wallet company that has redefined what it means to store crypto securely. Unlike traditional hardware wallets, Tangem uses a sleek, card-shaped device with NFC technology, making it incredibly easy to use while maintaining top-tier security. The device generates a private key that never leaves the card, is encrypted, and is protected by a 25-year warranty and EAL6+ security certification. Audited by industry leaders like Kudelski Security and Riscure, Tangem is built for both newcomers and seasoned crypto users who want total control over their assets.
Why Move Off Exchanges? Coinbase and Uphold in Focus
Coinbase and Uphold are two of the most trusted names in the crypto exchange world. Coinbase, the only publicly traded crypto exchange in the U.S., is known for its robust security, regulatory compliance, and user-friendly tools. Uphold, on the other hand, stands out for its transparency, multi-asset support, and real-time reserve reporting, making it a favorite for those who value openness and low fees.
But even the best exchanges aren’t immune to risk. If you’re serious about protecting your crypto, you should consider moving your assets to a cold storage wallet like Tangem. This not only reduces your exposure to exchange hacks but also puts you in full control of your private keys—something I advocate for in my writing.
How to Move Your Assets from Coinbase and Uphold to Tangem
Let’s break down the process, step by step. For this example, let’s say you want to move XRP from Coinbase or Uphold to your Tangem wallet.
From Coinbase to Tangem:
Set Up Your Tangem Wallet:
Download the Tangem app and follow the instructions to set up your wallet. You’ll be guided to create a recovery phrase and connect your Tangem card via NFC.
Find Your Tangem Wallet Address:
Open the Tangem app and select the cryptocurrency you want to receive (e.g., XRP).
Tap “Receive” to generate your wallet address.
Initiate the Transfer on Coinbase:
Log in to Coinbase and select the asset you want to send (XRP, Bitcoin, etc.).
Click “Send” and paste your Tangem wallet address.
Double-check the address, enter the amount, and confirm the transaction.
For extra safety, send a small test amount first before transferring the rest.
Wait for Confirmation:
The transaction will be broadcast to the network. Once confirmed, your assets will appear in your Tangem wallet.
From Uphold to Tangem:
Set Up Your Tangem Wallet:
As above, download the app and set up your Tangem card.
Get Your Tangem Wallet Address:
Open the app, select the asset (e.g., XRP), and tap “Receive” to get your address.
Send from Uphold:
Log in to Uphold and select the asset you want to transfer.
Click “Send” or “Withdraw.”
Choose the correct network (make sure it matches the asset you’re sending).
Paste your Tangem wallet address, enter the amount, and confirm the transaction.
Again, consider sending a small test amount first.
Wait for Confirmation:
Once the transaction is confirmed, your assets will be safely stored in your Tangem wallet.
The Bottom Line
Cold storage isn’t just for the paranoid—it’s for anyone who values security and control. With companies like Tangem making it easier than ever to manage your crypto, and trusted exchanges like Coinbase and Uphold streamlining the transfer process, there’s no excuse not to take the leap. Whether you’re a beginner following a guide like Coinpaper’s or a seasoned investor, moving your assets to cold storage is a critical step in protecting your financial future.
Remember: in the world of crypto, if you don’t own your keys, you don’t own your coins. Take control. Move your assets. Sleep better at night.