Effect AI [OLD] wallet

The most secure hardware wallet for your Effect AI [OLD]

Explore the safest Effect AI [OLD] storage. Join thousands using Tangem hardware wallets.

Get Effect AI [OLD] wallet

How to secure your Effect AI [OLD] with Tangem?

When you buy or hold Effect AI [OLD] in Tangem, it secures your private keys in many ways:

With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
An access code and biometric authentication protect against unauthorized access.
Private keys are generated and stored on its EAL6+ CC secure element.

How to get a Effect AI [OLD] Crypto Wallet?

Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.

Get Tangem

Firstly

Get the Tangem Wallet.

Take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.

Then

Sync Tangem Wallet with our App.

During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.

Finally

Discover the power of crypto.

Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.

Why choose Effect AI [OLD] wallet with Tangem.

Privacy

No registration and KYC required to use the app. We don't track your data.

Security

Your private keys are encrypted and never leave your device. Only you have control over your funds.

Convenient designs

Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.

24/7 Customer care

Fast support for your needs. Live chat and email support for customers from all over the globe.

What is Effect AI [OLD] (EFX)?

Effect AI is an innovative, open-source data network that empowers the training of transparent AI models. It supports users in gathering and enhancing datasets and provides instant compensation for their contributions. Established in 2017, Effect AI continues to lead in both AI and blockchain innovation.

What is an EFX wallet?

An EFX wallet is a digital tool that safely stores private keys linked to your EFX address. While the EFX tokens themselves remain on the blockchain, the wallet's primary role is to create and manage these keys, enabling you to access your EFX accounts. In short, an EFX wallet is essential for storing, sending, receiving, and managing your EFX.

How does an EFX wallet work?

EFX wallets function using pairs of public and private keys to manage accounts on the blockchain. The private key, which should remain secret, provides access to your specific EFX account, while the public key can be shared to receive tokens. To withdraw EFX, you must use your corresponding private key. Tangem Wallet generates and preserves these private keys within its secure chip.

What are the types of EFX wallets?

Exchange EFX Wallets:
Platforms like Coinbase, Binance, and Kraken let users buy EFX with fiat currencies through custodial wallets. However, they come with risks such as potential loss of account access.
Software EFX Wallets:
These are digital wallets installed on devices, designed for handling private keys and managing EFX. They are user-friendly but susceptible to malware and cyber threats. They include mobile, desktop, and browser versions.
Mobile EFX Wallets:
Applications that facilitate the management of EFX directly on smartphones.
Desktop EFX Wallets:
These are installed on personal computers to store private keys on hard drives or SSDs.
Hardware EFX Wallets:
Security-focused options like Tangem offer offline storage, protecting EFX from online threats.

How to Choose the Best EFX Wallet

Choosing the right EFX wallet depends on your unique needs, emphasizing ease of use, reliability, and security. For robust protection against online risks and storing significant amounts securely, a hardware wallet like Tangem is a recommended choice.

Learn more about Effect AI [OLD]

Tangem supports other cryptocurrencies

Reliability and convenience at your fingertips. Manage thousands of cryptocurrencies with peace of mind anywhere and anytime

See all supported cryptos

Effect AI [OLD] FAQ

You can buy Effect AI [OLD] on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
For long-term storage of Effect AI [OLD], a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
Transfer fees for Effect AI [OLD] depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
To create a wallet for Effect AI [OLD], install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
Binance: Where The World Trades AITrading crypto on Binance is easy and intuitive. You only need a few steps to buy AI.
To buy EFX safely onBinance, create an account, complete identity verification, and select your preferred payment method. Binance offers secure transactions through various methods, including credit cards, debit cards, bank transfers, and P2P trading.

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Effect AI [OLD] wallet

How to secure your Effect AI [OLD] with Tangem?