Flat Money wallet
The most secure hardware wallet for your Flat Money
Thinking security? Think Tangem. Join the multitude managing their Flat Money with trusted hardware brilliance.
How to secure your Flat Money with Tangem?
When you buy or hold Flat Money 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 Flat Money 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 TangemWhy choose Flat Money 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 Flat Money (UNIT)?
Flat Money, denoted by its symbol UNIT, is a decentralized digital currency designed to combat inflation and market volatility within the crypto world. By doing so, it offers a stable financial ecosystem for those wishing to preserve value as well as earn yields.
What is a Flat Money Wallet?
A Flat Money wallet functions primarily to store private keys that are indispensable in managing your Flat Money address. It's crucial to note that the Flat Money itself resides on the blockchain, not within the wallet. Hence, the primary role of this wallet is as a facilitator in the creation and storage of private keys, enabling seamless access to and management of your Flat Money holdings. Essentially, it serves as a tool for storing, sending, receiving, and managing your UNIT tokens.
How does a Flat Money Wallet work?
Flat Money wallets manage your blockchain accounts through public and private key pairs. To protect access to a specific Flat Money account, the private key must remain confidential, while the public key can be shared to receive Flat Money. Accessing or withdrawing funds requires the corresponding private key. Private keys are secure within Tangem Wallet’s chip, ensuring no unauthorized access.
What are the types of Flat Money Wallets?
Exchange Flat Money Wallets:
Centralized platforms like Coinbase, Binance, or Kraken provide custodial wallets for acquiring Flat Money through traditional currency exchanges, but pose potential access risks.Software Flat Money Wallets:
These are applications installed on devices, letting users manage private keys and Flat Money with ease. Despite being user-friendly, they're susceptible to cyber threats. Variants include mobile, desktop, and browser-based wallets.Mobile Flat Money Wallets:
Apps designed for managing Flat Money directly on smartphones.Desktop Flat Money Wallets:
Installed on personal computers, they store your private keys locally on hard drives or SSDs.Hardware Flat Money Wallets:
These offer offline protection, safeguarding against digital attacks, with Tangem providing one such reliable solution.
How to Choose the Best Flat Money Wallet
Selecting the ideal wallet relies on understanding personal requirements, balancing ease of use, dependability, and security. For substantial and secure Flat Money storage, especially guarding against online threats, a hardware wallet like Tangem is highly recommended.
Flat Money UNIT
Tangem supports other cryptocurrencies
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See all supported cryptosFlat Money FAQ
- You can buy Flat Money 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 Flat Money, 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 Flat Money 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 Flat Money, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
- USDT is one of the most widely adopted stablecoins, which areblockchain-based currencies that are tied - or tethered - to fiat currencies.
- Fiat is government-issued and considered legal tender for financial transitions.Cryptocurrency is decentralized, so there is no governing body to control its value. Plus, it is also not a legal practice in all countries. In theory, fiat money has no limits on supply, as more can be printed at any time.
- Unlike a bank in the case of a fiat transaction,cryptocurrency does not need an intermediary to validate a transaction. Cryptocurrency is also not controlled by a government authority or central bank. More fiat money can be printed at any time, however cryptocurrencies have a fixed supply.
- A flat interest rate isa method of calculating interest on a loan, wherein the interest is charged on the entire principal amount throughout the loan's tenure. This method of interest calculation keeps the interest calculation constant, based on the original loan amount.
- “Flat” is a term used by traders to describea position that has been fully neutralized, meaning all trades have been closed and there are currently no long or short positions in the portfolio. When a trader has zero exposure to the market, their position is referred to as being “flat“.
- Flat money isa type of currency that is not backed by gold or silver. It is also known as fiat money. This means that the value of the money is determined by the government that issues it, rather than by the value of a physical commodity.
- Cryptocurrencies have no legislated or intrinsic value; they are simply worth what people are willing to pay for them in the market. This is in contrast to national currencies, which get part of their value from being legislated as legal tender.
- Fiat money is a type of government-issued currency that is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, and is authorized by government regulation.
- This is due to an essential difference between cryptocurrency and fiat currency: a cryptocurrency such as Bitcoin has a finite supply and is decentralized and thus not controlled by any centralized entity, whereas fiat currencies have a finite supply that can be controlled by the central bank of a particular country.
- Bitcoin operates on a decentralized blockchain network, while fiat currencies are issued and regulated by governments. Fiat money has been the standard for centuries, but Bitcoin introduces a new paradigm of trustless transactions that removes the need for intermediaries.
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