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Here’s a detailed overview of Tangem’s in-app services and what you need to know.
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Exchanges hold your crypto hostage. Tangem doesn't. Swap between tokens and earn real DeFi yield. All from a wallet you actually own. No risk of waking up to "withdrawals paused."
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You can swap any supported token directly in the Tangem app. 8 integrated providers compete to give users the best rates.
| Feature | Tangem | Centralized Exchanges |
|---|---|---|
| Custody | Your keys, your coins. Funds never leave your wallet. | Exchange holds your funds in their wallets. You get an IOU until you withdraw. |
| Identity verification | No KYC required for 99.99% of swaps. Swap privately, no ID uploads. | Full identity verification: passport, selfie, proof of address. |
| Account opening | No registration needed. Open app, swap, done. | Email, phone, password, 2FA, documents. Another account to manage and secure. |
| Rates | 8 providers compete. You see all the rates and pick the best one. | Single order book. Take their rate or leave it. Spread is often hidden in the price. |
| Fees | Transparent network fees + provider fee shown upfront. No platform markup. | Trading fees, withdrawal fees, deposit fees, and spread. Often unclear until after the trade. |
| Speed | Swap executes immediately. No withdrawal queue. | Trade is instant, but withdrawing to your wallet? Hours to days, limits apply. |
| Access | Works globally. No geo-blocks. Your wallet, your rules. | Geo-restrictions, banned countries, delistings. Access can vanish overnight. |
| Risk | No counterparty risk. Worst case: a bad swap rate. | Exchange hacks, insolvency, frozen accounts. Ask former FTX and Celsius users. |
| Feature | Tangem | Other Wallets |
|---|---|---|
| Provider Options | 7 providers aggregated: 1inch, OKX DEX, Changelly, ChangeHero, SimpleSwap, LiFi, Jupiter. | Usually 1-2 built-in options. Limited competition means worse rates. |
| Rate Selection | You see all rates side by side and choose. Full control over which provider executes your swap. | Auto-routed to a single provider. Take it or leave it. No visibility into alternatives. |
| Cross-Chain | Swap across different blockchains directly. ETH to SOL, BTC to POL. No manual bridging. | Often limited to single-chain swaps. Cross-chain requires external bridges and extra steps. |
| Security | Hardware wallet option available. Sign swaps with your Tangem card for cold storage security. | Software-only. Keys stored on your phone. One compromised device = lost funds. |
| UX | Clean comparison screen. Select tokens, view providers, tap to confirm. Three steps. | Often clunky interfaces, confusing routing info, or redirects to external dApps. |